EX-99.1 4 ex99-1s3.htm SCHEDULE 3 - EXCEPTION GRADES

 

Cross 2025-H4 Mortgage Trust ABS-15G

Exhibit 99.1 - Schedule 3

 

 

 

Exception Grades

Run Date - 5/1/2025 1:44:02 PM    

SitusAMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade DBRS Initial Exception Rating DBRS Final Exception Rating Fitch Initial Exception Rating Fitch Final Exception Rating Kroll Initial Exception Rating Kroll Final Exception Rating Moody's Initial Exception Rating Moody's Final Exception Rating S&P Initial Exception Rating S&P Final Exception Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
222361882 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2024-11-22): Appraisal delivery report document received and updated. Exception Cleared.


Buyer Comment (2024-11-22): aprsl receipt upld
 11/22/2024     1 B A B A B A B A B A   SC Primary Purchase   C C A A C C A A Non QM Non QM No
222361882 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted]Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Loan considered to be "non-compliant" due to lack of explicit documentation to evidence delivery of the appraisal to the borrower.       Reviewer Comment (2024-11-22): Appraisal delivery report document received and updated. Exception Cleared.


Buyer Comment (2024-11-22): aprsl receipt upld to trl docs
 11/22/2024     1 C A C A C A C A C A   SC Primary Purchase   C C A A C C A A Non QM Non QM No
222361882 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2024-11-22): Appraisal delivery report document received and updated. Exception Cleared.


Buyer Comment (2024-11-22): aprsl receipt upld to trl docs
 11/22/2024     1 C A C A C A C A C A   SC Primary Purchase   C C A A C C A A Non QM Non QM No
222361882 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect South Carolina Home Loan (Complaint Agency Disclosure Not Provided) [redacted] Home Loan: Borrower not provided with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. Borrower not provided with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan.       Reviewer Comment (2024-12-20): Disclosure received.


Buyer Comment (2024-12-19): signed disclosure upld


Reviewer Comment (2024-12-10): The [redacted]Consumer Home Loan law does contain a cure provision that states if ". . .within [redacted] days of the loan closing and before the institution of an action pursuant to this article, the lender notifies the borrower of the compliance failure, makes appropriate restitution, and makes necessary adjustments to the loan to make the consumer home loan satisfy the requirements. . .".

As such, provided the disclosure is provided within [redacted]days of closing and the borrower(s) signature(s) are obtained on the disclosure, we could cure to [redacted].  I am showing the actual requirement below to show client/seller, what the precise requirement is.

[redacted]Code Ann.[redacted]([redacted]):
At the time of application for a mortgage loan, the mortgage broker, originator, or employee shall provide the borrower with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan, with the telephone number and address of the agency. The consumer shall sign a copy of the document acknowledging receipt of this disclosure and the copy must be maintained in the files of the mortgage broker or originator.


Reviewer Comment (2024-11-25): Exception remains - The borrower shall be provided with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan, with the telephone number and address of the agency.


Buyer Comment (2024-11-25): [redacted] disclosure is on [redacted]-[redacted]and [redacted]
 12/20/2024     1 C A C A C A C A C A   SC Primary Purchase   C C A A C C A A Non QM Non QM No
222361882 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect [redacted] [redacted] Complaint Agency Disclosure Timing Test [redacted] Home Loan: Borrower not provided with a document, at time of application, specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. Borrower was not provided with Compliant agency disclosure within [redacted] business days of application date.       Reviewer Comment (2025-03-24): Client elects to waive. Does not qualify for a downgrade. Accepting as [redacted].


Buyer Comment (2025-03-20): Exception approval


Reviewer Comment (2025-02-03): While we can understand that the requirement on this edge-case would not be to provide the disclosure at application (since it was submitted as an [redacted]occupancy loan at application), what we would expect to see is that they provided the disclosure at the time the loan switched from [redacted]to [redacted]occupancy.  From what we can see on the disclosure, it doesn't appear that this disclosure was provided until well beyond closing when we cited the exception.  We could consider a downgrade to an Open [redacted] if they can provide evidence the disclosure was provided at closing, or at some point prior to closing once the loan had switched to [redacted]occupancy, as it would evidence they made an attempt to provide it as soon as reasonably practical.  However, this would not be considered a Cure but rather simply a downgrade to an Open [redacted].


Buyer Comment (2025-01-31): Wanted to see if we can get this one re-reviewed by your compliance team to see if we can cure the below finding.  We raised this up to our compliance team and their response is attached.  They are thinking if we provided and explanation on what transpired we may be able to come to a solution to move this forward.  We also have an explanation from the borrower (attached) identifying they drove the change from [redacted]to [redacted]residence based on their personal family needs. We were also able to get the required disclosure signed but was done post-closing.


Buyer Comment (2025-01-31): Explanation and supporting docs


Reviewer Comment (2025-01-02): We reached out to outside counsel on this matter given the [redacted] Home Loan statute does provide for a cure provision. While the language in the cure provision under [redacted]. [redacted] allows lenders to make ". . .necessary adjustments to the loan to make the consumer home loan satisfy the requirements of Section [redacted]. . .", our counsel has advised that given the violation involves a timing requirement - which calls for the lender to provide a document specifying the agency designated to receive complaints "at the time of application", it is their opinion that this timing requirement would not be curable under the cure provision as providing it post-close would still not "satisfy the requirements" of providing it at the time of application. Basically, as a timing exception, it would be considered uncurable. While we have, in the past, accepted a borrower signature on the Complaint Agency either at closing or even post-closing, the statute only requires that the borrower ". . .sign a copy of the document acknowledging receipt. . ". So, in these cases, as long as the Compliant Disclosure was provided at the time of application and we are only obtaining a signature post-closing (confirming their receipt at time of application), we would accept that as a means to cure to[redacted]. If the initial timing requirement is missed however, as in this case, there is no opportunity to cure or regrade to [redacted]. Note [redacted]on this type of exception is [redacted]years from consummation.
     03/24/2025 3   C   C   C   C   C   SC Primary Purchase   C C A A C C A A Non QM Non QM No
222749853 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect [redacted] [redacted]Prepayment Penalty Test [redacted] Investment [redacted][redacted]: Mortgage loan contains an impermissible prepayment penalty. Loan exceeds maximum prepayment penalty permissible for [redacted]State.       Reviewer Comment (2025-03-24): Client elects to waive.


Reviewer Comment (2025-03-24): [redacted][redacted]: Alternate prepayment penalty testing methodology utilized under §[redacted]-[redacted](c)([redacted]) allowing prepays over prescribed limits to be treated as interest, with amounts under the limit not as interest. Alternate testing was deemed acceptable by [redacted]outside counsel given the ambiguity in the state law.


Reviewer Comment (2025-03-10): No rebuttal provided.


Buyer Comment (2025-03-05): Client rebuttal: Post Closing asked me to take a look at the [redacted]exception cited here.  I took a look at the applicable regulation and would ask to see if an exemption can be had under [redacted][redacted](e)([redacted]) .  This section states that a lender may charge interest at any rate if the loan is a [redacted]loan in excess of $[redacted]not secured by [redacted]real property, which is defined within that section as an owner occupied dwelling and which is not the case here.  

The provision cited by [redacted]counsel in [redacted][redacted] specifically addresses the allowance for a prepayment penalty to be collected and not to be considered interest (stress on that last part).  It does not outright preclude a prepayment penalty on a loan which is not a Mortgage Loan, as defined within [redacted][redacted] as being for personal, household or family purposes.  In our case it does not matter whether the prepayment penalty is considered interest or not as the loan is not subject to a limitation on the amount of interest collected given its classification as a [redacted]loan.  Can another look please be taken at this exception and the interpretation of [redacted]-[redacted](c) at large, at least as they relate to business purpose loans?  If counsel disagrees with this interpretation, can specific citation please be provided for review supporting a contrary position?


Reviewer Comment (2025-03-04): Client rebuttal: Post Closing asked me to take a look at the [redacted]exception cited here.  I took a look at the applicable regulation and would ask to see if an exemption can be had under [redacted][redacted](e)([redacted]) .  This section states that a lender may charge interest at any rate if the loan is a commercial loan in excess of $[redacted]not secured by [redacted]real property, which is defined within that section as an owner occupied dwelling and which is not the case here.  

The provision cited by [redacted]counsel in [redacted][redacted] specifically addresses the allowance for a prepayment penalty to be collected and not to be considered interest (stress on that last part).  It does not outright preclude a prepayment penalty on a loan which is not a Mortgage Loan, as defined within [redacted][redacted] as being for personal, household or family purposes.  In our case it does not matter whether the prepayment penalty is considered interest or not as the loan is not subject to a limitation on the amount of interest collected given its classification as a [redacted]loan.  Can another look please be taken at this exception and the interpretation of [redacted]([redacted]) at large, at least as they relate to business purpose loans?  If counsel disagrees with this interpretation, can specific citation please be provided for review supporting a contrary position?


Reviewer Comment (2025-02-03): Unable to clear. In the event the prepayment penalty language in the Note or Prepay Addendum contains language to the effect of "the prepayment penalty will not exceed the maximum permitted by applicable law", the exception could be treated as an [redacted] rather than an outright material [redacted] grade. we may consider downgrading (not curing) to an [redacted] if (1) the prepay period has expired; or (2) the lender sends an LOE, addendum to remove the prepay, and proof of delivery.


Buyer Comment (2025-01-30): Please see attached business purpose document. This is a business loan
     03/24/2025 2 C B C B C B C B C B   MD Investment Refinance - Cash-out - Other   C B A A C B A A Non QM Exempt from ATR No
222767131 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Missing Articles of Organization for borrowing entity.       Reviewer Comment (2025-01-31): Provided and updated details of Articles of Organization of borrowing business entity on Investment product screen. Exception cleared.


Buyer Comment (2025-01-30): .
 01/31/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Missing certificate of good standing for borrowing entity.       Reviewer Comment (2025-01-31): Provided Certificate of Good Standing of borrowing business entity. Exception cleared.


Buyer Comment (2025-01-30): cds good standing
 01/31/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Missing Corporate Resolution for borrowing entity.       Reviewer Comment (2025-01-31): Received Corporate resolution signed by all the members of the business entity. Exception cleared.


Buyer Comment (2025-01-30): resolution
 01/31/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Missing Employer Identification Number for borrowing entity.       Reviewer Comment (2025-01-31): Received and updated Employer Identification Number of borrowing business entity. Exception cleared.


Buyer Comment (2025-01-30): ein
 01/31/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing Operating Agreement for borrowing entity.       Reviewer Comment (2025-01-31): Received operating agreement (including amended operating agreement) of borrowing business entity. Exception cleared.


Buyer Comment (2025-01-30): operating
 01/31/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Asset documentation is not located in the file. Guideline requirement of [redacted]months PITIA is required.       Reviewer Comment (2025-02-21): Received additional [redacted]month bank statement. Exception Cleared.


Buyer Comment (2025-02-20): urla and 1008


Buyer Comment (2025-02-20): statements


Reviewer Comment (2025-02-14): Received bank statement for borrower however require [redacted]consecutive months statement. Exception Remains.


Buyer Comment (2025-02-13): .
 02/21/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: [redacted] (Subject [redacted]) discrepancy.   Lender exception request to minimum [redacted]of [redacted]on a cash out Refi, [redacted]% LTV. Current [redacted]is [redacted]. We are using market rent to qualify as its lower than the current rent and the property was only rented starting [redacted] ( after the app date in [redacted]). The property was just purchase mid [redacted], and significant renovations were done over the past year. The property was then listed for sale in [redacted][redacted], and subsequently taken of the market when the borrower and his business partner decided to rent rather than sell. This is the reason for the property not previously being rented. The LO has advised that we can document [redacted]month, security deposit , and [redacted]month rent if need be.  Requesting an exception to either approve the file with the current [redacted]of [redacted] or to use the current rent to qualify ( with documented [redacted]month, security deposit & [redacted]month) which will get us>[redacted].. Lender exception was approved with Max [redacted]% LTV, Min [redacted][redacted], subject to borrowers providing proof of security deposit and [redacted]/[redacted] rent, Min [redacted]Year [redacted]. [redacted]= $[redacted]/$[redacted]= [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-01-29): Client elects to waive with compensating factors.
     01/29/2025 2 B B B B B B B B B B   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222767131 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-04): Received updated information. Condition cleared.


Buyer Comment (2025-04-02): exception form


Buyer Comment (2025-04-02): Please see revised exception request form, per attached email from Lindsay in regard to use of current rents for [redacted]correction. Prior exception approval docs already in original loan upload (see email)
 04/04/2025     1   A   A   A   A   A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   File is missing a copy of the final title policy.       Reviewer Comment (2025-02-06): Received Final 1003 Application. Exception Cleared.


Buyer Comment (2025-02-05): 1003 upld
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Articles of Organization/Formation not provided in file.       Reviewer Comment (2025-02-06): Received Articles of Organization/Formation. Exception Cleared.


Buyer Comment (2025-02-05): invalid cond - all llc docs provided in initial loan file
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate not provided.       Reviewer Comment (2025-02-06): Received Business Purpose Certificate. Exception Cleared.


Buyer Comment (2025-02-05): cert upld
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing not provided in file.       Reviewer Comment (2025-02-06): Received Certificate of Good Standing. Exception Cleared.


Buyer Comment (2025-02-05): invalid cond - all llc docs provided in initial loan file
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing in file.       Reviewer Comment (2025-02-06): Received Operating Agreement. Exception Cleared.


Buyer Comment (2025-02-05): invalid cond - all llc docs provided in initial loan file
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided           Reviewer Comment (2025-02-06): Received Corporate Resolution. Exception Cleared.


Buyer Comment (2025-02-05): invalid cond - all llc docs provided in initial loan file
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   The EIN # and State # are missing for the borrowing entity.       Reviewer Comment (2025-02-06): Received Employer Identification Number. Exception Cleared.


Buyer Comment (2025-02-05): invalid cond - all llc docs provided in initial loan file
 02/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   File is missing the signed/dated prepayment addendum to the note.       Reviewer Comment (2025-03-18): Received Note Addendum - Prepayment has [redacted]name and borrower signature. Exception Cleared.


Buyer Comment (2025-03-17): Note


Reviewer Comment (2025-02-21): Yes, On-line notary or a Apostille is acceptable.


Buyer Comment (2025-02-20): One more question, the title company also suggested using a Remote on-line notary or a Apostille.  Would either of those options be acceptable as well?


Reviewer Comment (2025-02-19): Yes, that is fine.


Buyer Comment (2025-02-19): can you please advise if the title company can have the Note and Addendum reflecting the [redacted]e-signed with a remote on-line notary.  The borrower lives in [redacted].


Reviewer Comment (2025-02-06): Provided Note Addendum - Prepayment document does not have [redacted]name on signature page. Exception Remains.


Buyer Comment (2025-02-05): adden upld
 03/18/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A Yes
222769869 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The security instrument, [redacted] family rider and prepayment rider reflect an additional name, however the signature and date is missing.       Reviewer Comment (2025-02-07): Cleared. Received updated security instrument and riders that reflect all signatures.


Buyer Comment (2025-02-05): cert copy of mtg/riders with all signatures upld
 02/07/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's most recent [redacted]month rental history is missing.       Reviewer Comment (2025-02-07): Cleared. Per client, borrower is a [redacted][redacted]and [redacted]history was not considered at the underwriter's discretion per guidelines.


Buyer Comment (2025-02-06): Please cancel condition. Per the guidelines, section [redacted]: [redacted]Payment History, the underwriter used discretion when considering the requirement (or lack thereof) for the most recent [redacted]month [redacted]payment history on this [redacted][redacted][redacted]loan. ("[redacted] History: In the underwriter's discretion, verification of [redacted]payment history may be required.")
 02/07/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222769869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   The note provided is not signed/dated.       Reviewer Comment (2025-03-18): Received Note document has [redacted]name and borrower signature. Exception Cleared.


Buyer Comment (2025-03-17): Please see Note uploaded today.


Reviewer Comment (2025-02-21): Yes, On-line notary or a Apostille is acceptable.


Buyer Comment (2025-02-20): One more question, the title company also suggested using a Remote on-line notary or a Apostille.  Would either of those options be acceptable as well?


Reviewer Comment (2025-02-19): Yes, that is fine.


Buyer Comment (2025-02-19): can you please advise if the title company can have the Note and Addendum reflecting the [redacted]e-signed with a remote on-line notary.  The borrower lives in [redacted].


Reviewer Comment (2025-02-06): Provided Note document does not have [redacted]name on signature page. Exception Remains.


Buyer Comment (2025-02-05): note upld
 03/18/2025     1 D A D A D A D A D A   OH Investment Purchase   D A D A     A A   N/A No
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan Designation discrepancy due to missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): correct vvoe


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided Verbal verification of employment is of [redacted] and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): vvoe


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): vvoe
 02/12/2025     1 B A C A B A C A B A   MA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Waterfall due to missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): see uploaded


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided Verbal verification of employment is of [redacted] and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): see uploaded


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): see uploaded vvoe
 02/12/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Waterfall due to missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.
 02/12/2025     1 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted]due to increase of Loan Discount Points.  No valid Change of Circumstance provided, nor evidence of cure in file.       Reviewer Comment (2025-02-06): [redacted]received a valid COC.


Buyer Comment (2025-02-05): LOX for points


Buyer Comment (2025-02-05): Please disregard note - this is still pending to be completed


Buyer Comment (2025-02-05): see uploaded vvoe
 02/06/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] due to missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): see uploaded


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided Verbal verification of employment is of [redacted] and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): see uploaded


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): see uploaded vvoe
 02/12/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222779188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. [redacted] due to missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct Verbal verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): see uploaded


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided Verbal verification of employment is of [redacted] and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): see uploaded


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): see uploaded vvoe
 02/12/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222779188 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing VVOE dated within [redacted]days of closing for co-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): see uploaded


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided Verbal verification of employment is of[redacted]and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): see uploaded


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): see uploaded vvoe
 02/12/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222779188 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing VVOE dated within [redacted]days of closing for do-borrower's [redacted] job.       Reviewer Comment (2025-02-12): Correct [redacted]verification of employment received for Co-borrower [redacted]job ([redacted]). Details verified and updated. Exception cleared.


Buyer Comment (2025-02-10): see uploaded


Reviewer Comment (2025-02-07): Required [redacted]verification of employment within [redacted]business days of Note date for Co-borrower's [redacted]- Wage income ([redacted]) as provided [redacted]verification of employment is of [redacted] and Note date is [redacted] which is not within [redacted]business days of Note date. Exception remains.


Buyer Comment (2025-02-06): see uploaded


Reviewer Comment (2025-02-06): Received [redacted]search document. Please provide VVOE within [redacted]business days of closing for Co-borrower's [redacted]job ([redacted]). Exception remains


Buyer Comment (2025-02-05): see uploaded vvoe
 02/12/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Most Recent Valuation Inspection Date: [redacted]                 
Disaster End Date: [redacted]
Disaster Name: [redacted]
Disaster Declaration Date: [redacted]		       Reviewer Comment (2025-02-12): Inspection provided


Reviewer Comment (2025-02-12): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [redacted]               
Disaster End Date: [redacted]
Disaster Name: [redacted]: [redacted]


Buyer Comment (2025-02-11): disaster
 02/12/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Affiliated Business Arrangement Disclosure missing borrower signature       Reviewer Comment (2025-02-13): Affiliated business arrangement disclosure received and updated. Exception cleared.


Buyer Comment (2025-02-11): affiliated
 02/13/2025     1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank [redacted]):  Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted]days prior to closing. Bank statement is within [redacted]days.       Reviewer Comment (2025-02-13): Bank statement used or passive asset utilization is within [redacted]days of note date.


Buyer Comment (2025-02-12): Please cancel condition. Per the guidelines, allowable document age for asset statements being used for asset utilization are good for a maximum of [redacted]days prior to the Note Date. Our most current statement is through [redacted] and the Note was dated [redacted] so we are within the [redacted]day expiration period.
 02/13/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing. Earlier receipt was not provided for the CD. The only verified receipt was the one signed at close.       Reviewer Comment (2025-02-12): [redacted]received updated CD's, [redacted]business days prior to the consummation.


Buyer Comment (2025-02-11): initial CDs
 02/12/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-02-12): [redacted] received updated CD's and valid changed circumstances.
 02/12/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Appraisal Re-Inspection Fee was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-07): [redacted]received PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-03-06): PCCD Pkg


Reviewer Comment (2025-03-03): [redacted]received LOX stating Re-inspection fee of $[redacted] added due to appraisal expired and also $[redacted]added due to branch redisclosed the fee due to appraisal re-inspection invoice the fee at $[redacted]which is not a valid reason for the increased. Kindly provide a valid COC for the fee increased or provide cure for the same. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2025-02-27): memo


Reviewer Comment (2025-02-21): [redacted]received valid COC for [redacted], however COC dated [redacted] doesn't provide sufficient information on why the fee was increased as received invoice is not valid reason for increase. A valid Changed Circumstance with sufficient information or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-02-19): COC


Reviewer Comment (2025-02-19): EXCEPTION HISTORY - Exception Detail was updated on[redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. ([redacted])


Reviewer Comment (2025-02-18): [redacted]received [redacted]dated [redacted] stating Appraisal re-inspection fee added for $[redacted]which is incorrect. The correct fee charged were $[redacted]on CD dated [redacted]. Kindly provide a valid [redacted]for the fee added on CD dated [redacted] for$[redacted]and also the fee increased on CD dated [redacted] for $[redacted]. Kindly provide a valid [redacted]or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2025-02-17): reinspection fee
   03/07/2025   2 C B C B C B C B C B   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees of $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%).  Non-Compliant High Cost Loan. Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees of $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%).       Reviewer Comment (2025-04-07): Received undiscounted rate/price information. Exceptions cleared.


Buyer Comment (2025-04-03): Rebuttal


Reviewer Comment (2025-04-01): Received lender's rebuttal indicating the undiscounted interest rate was [redacted]% with a starting rate price of [redacted]%. However the [redacted]provided reflects the undiscounted rate at [redacted]% with [redacted]% starting rate price. Please provide the correct compliance report showing the correct undiscounted interest rate along with the starting rate price. Once received, loan will be re-ran to determine compliance.


Buyer Comment (2025-03-28): rate sheet


Buyer Comment (2025-03-28): Locks


Buyer Comment (2025-03-28): Rebuttal letter


Reviewer Comment (2025-03-27): Document received, however unable to review. Document (Doc id #[redacted]) is not legible.


Buyer Comment (2025-03-26): Please also see attached updated memo regarding calculation for bona fide discount points.


Buyer Comment (2025-03-25): Processing Fee is [redacted]Party fee.


Reviewer Comment (2025-03-20): CD showing Processing Fee as a broker fee which is entered into [redacted]as such. As a broker fee, it would remain included in HOEPA points and fees. If it was a pass-through fee, we would need evidence of actual invoice/recipient to support it is a [redacted] party charge not paid to lender, broker, or affiliate of either (at which time we can enter payee as [redacted] party and re-run compliance).
For discount points, we determine if bona fide as follows:
• Undiscounted Starting Rate - [redacted]%
• Note Rate - [redacted]%
• Undiscounted Starting Rate Price - [redacted]
• Loan Discounts - [redacted]%
[redacted]- [redacted]= [redacted]
[redacted]- [redacted]= [redacted]

[redacted]/ [redacted]= [redacted]

• Deal Setting to determine the Discount point standard ratio for exclusion is set to [redacted]. Discount points not considered bona fide as they do not meet client deal setting.
Note - client can lower bona fide threshold on the deal to [redacted], if they wish, and loan can then be retested for exclusion. Otherwise, points remain included as they are not considered bona fide and eligible for exclusion.


Buyer Comment (2025-03-18): Please review testing, processing fee is [redacted]party fee, and discount points are bona fide. Please update testing and cancel condition or clarify.


Reviewer Comment (2025-03-10): Received PCCD however they are related to the TRID [redacted]% Tolerance cure for $[redacted]. For HOEPA, the cure requirements are as follows: Within [redacted]days from closing or [redacted]days from discovery,
(1) Signed letter from borrower indicating their *choice *to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant;
(2) Assuming option (a) is selected, a copy of refund check and proof of mailing;
(3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. The overage for the HOEPA P&F exception is $[redacted]. Cure deadline is[redacted].


Buyer Comment (2025-03-06): Please see PCCD pkg uploaded today


Reviewer Comment (2025-03-02): [redacted]received LOX stating Appraisal re-inspection fee added on [redacted] due to appraisal being expired and again $[redacted]added due to invoice came up with $[redacted]therefore branch redisclosed with the $[redacted]which is not an acceptable reason for the fee increase. Kindly provide a valid reason for the fee increased on CD dated [redacted] for $[redacted]or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2025-02-28): Memo submitted


Reviewer Comment (2025-02-21): Received additional COC however the Points and Fees of $[redacted]exceed the allowable total of $[redacted]. There is an overage of $[redacted].


Buyer Comment (2025-02-19): COC


Reviewer Comment (2025-02-19): Exception is related to Fees of $[redacted]vs. an allowable total of $[redacted]. (an overage of $[redacted]or [redacted]%).


Buyer Comment (2025-02-17): COC submitted
 04/07/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B C A C B A A Non QM Non QM Yes
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-13): Exception was for asset depletion income, cleared and added exception for VVOE - Loan designation match - ATR Risk.
 02/13/2025     1 B A C A B A C A B A   FL Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-17): Verification of employment provided and associated. Exception cleared


Buyer Comment (2025-02-14): VVOE
 02/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-13): Exception was for asset depletion income, cleared and added exception for VVOE - Loan designation match - ATR Risk.
 02/13/2025     1 A A A A A A A A A A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-17): Verification of employment provided and associated. Exception cleared


Buyer Comment (2025-02-14): vvoe submitted
 02/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted]business days of the Note. - Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-17): VVOE provided and associated. Exception cleared


Buyer Comment (2025-02-14): vvoe submitted
 02/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. Required VVOE within [redacted]business days to the note date is missing in file.       Reviewer Comment (2025-02-17): Verification of employment provided and associated. Exception cleared


Buyer Comment (2025-02-14): vvoe submitted
 02/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
222792538 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Required VVOE within [redacted] business days to the note date is missing in file.       Reviewer Comment (2025-02-17): Verification of employment provided and associated. Exception cleared


Buyer Comment (2025-02-14): vvoe submitted
 02/17/2025     1   A   A   A   A   A   FL Primary Refinance - Rate/Term Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
222796704 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. -         Reviewer Comment (2025-02-11): Insurance not required and data verified. Exception cleared.


Buyer Comment (2025-02-10): This property is owned free and clear with [redacted]rental income used, no HOI required as no mtg present. Tax statement is in file.
 02/11/2025     1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2025-02-13): Updated title commitment received covering loan amount. Exception Cleared.


Buyer Comment (2025-02-11): see attached


Buyer Comment (2025-02-11): Please see attached
 02/13/2025     1 B A B A B A B A B A   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.   Verified reserves $[redacted]is less than required $[redacted].   Lender exception in file however approval is not for the borrower. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The refinance has decreased the borrower's monthly debt payments by [redacted]% or more.		 LTV [redacted]% or more under requirement

Minimal Consumer Debt, all debt being paid off.		 SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-13): Client elects to waive with comp factors.


Buyer Comment (2025-02-11): Please see attached
     02/13/2025 2 C B C B C B C B C B   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan Designation discrepancy due to missing verification of hazard insurance for investment property and short verified reserves.       Reviewer Comment (2025-02-11): Insurance not required and data verified. Exception cleared.
 02/11/2025     1 B A C A B A C A B A   IL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
222796704 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to available for Reserves of $[redacted]is less than Guideline Available for Reserves of $[redacted].       Reviewer Comment (2025-02-11): Insurance not required and data verified. Exception cleared.
 02/11/2025     1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]or $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted]..  No valid Change of Circumstance provided, nor evidence of cure in file.       Reviewer Comment (2025-02-17): [redacted]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-02-17): Please see attached


Reviewer Comment (2025-02-13): [redacted]Received Corrected PCCD and LOE; however, Refund Check and Proof of Mailing not received. Provide Proof of Mailing and Copy of check.


Buyer Comment (2025-02-12): Please see attached
   02/17/2025   2 C B C B C B C B C B   IL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222796704 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted].   No valid Change of Circustance provided, nor evidence of cure in file.       Reviewer Comment (2025-02-17): [redacted]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-02-17): Please see attached


Reviewer Comment (2025-02-13): [redacted]Received Corrected PCCD and LOE; however, Refund Check and Proof of Mailing not received. Provide Proof of Mailing and Copy of check.


Buyer Comment (2025-02-12): see attached
   02/17/2025   2 C B C B C B C B C B   IL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222796704 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing verification of hazard insurance for investment property and short verified reserves.       Reviewer Comment (2025-02-11): Insurance not required and data verified. Exception cleared.
 02/11/2025     1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing verification of hazard insurance for the investment property.       Reviewer Comment (2025-02-11): Insurance not required and data verified. Exception cleared.


Buyer Comment (2025-02-10): This property is owned free and clear with [redacted]rental income used. HOI is not required.
 02/11/2025     1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222796704 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The refinance has decreased the borrower's monthly debt payments by [redacted]% or more.		 LTV [redacted]% or more under requirement

Minimal Consumer Debt, all debt being paid off.		 SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-18): Client elects to waive with compensating factors.
     02/18/2025 2   B   B   B   B   B   IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
222801801 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception request to Our borrower is requesting a cash out refinance of an investment property utilizing [redacted]to qualify with a[redacted]-credit score. Exhibit [redacted]requires a minimum score of[redacted]***Comments from the LO: [redacted] is slightly above[redacted] Borrower has owned the subject property for at least [redacted]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.

The Combined Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-06): preapproved exception
     02/06/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222801801 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception request to A[redacted] was provided instead from private landlord with no copy of original lease agreement. Per processor borrower elder and hard to obtain documents from her. Borrower has owned the subject property for at least [redacted]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.

The Combined Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-06): preapproved exception
     02/06/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222801801 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception request to The project has [redacted] attached units and is not carrying flood insurance. The clients application for insurance is attached. ***[redacted] EXCEPTION: A VOR was provided instead from private landlord with no copy of original lease agreement. Per processor borrower elder and hard to obtain documents from her. Borrower has owned the subject property for at least [redacted]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.

The Combined Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-06): preapproved exception
     02/06/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222801801 [redacted] [redacted]   XXXX     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo is warrantable. - File does not contain documentation from lender/seller confirming the condo is warrantable. Borrower has owned the subject property for at least [redacted]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.

The Combined Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value ([redacted]) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-11): Client elects to waive with comp factors.


Reviewer Comment (2025-02-11): Lender exception provided for non-warrantable condo due to no flood insurance. Non-Warrantable Condo Project Exception Request form addendum is provided. Exception approval provided with conditions of max [redacted] LTV, min [redacted] [redacted], min [redacted] [redacted]yr, and flood insurance policy in the amount of the loan.


Buyer Comment (2025-02-07): please see [redacted] for non-warrantable condo project exception
     02/11/2025 2 C B C B C B C B C B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222803594 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-10): correction made by lender


Buyer Comment (2025-04-08): Agree with [redacted][redacted]of [redacted]- made corrections to [redacted] system
 04/10/2025     1   A   A   A   A   A   NY Investment Purchase   A A A A     A A   N/A No
222803696 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Late Charge [redacted] Percent and Amount Testing [redacted]: Note late charge amount of[redacted] exceeds the state maximum of [redacted]         Reviewer Comment (2025-02-13): Revalidated Note late charge as per Note document. Exception cleared.


Buyer Comment (2025-02-12): Please see LOE, late fees will not exceed [redacted]
 02/13/2025     1 B A B A B A B A B A   AL Primary Purchase   C B A A C B A A Non QM Non QM No
222803696 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Reconveyance Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Title -[redacted] increased to $[redacted] with no change of circumstance       Reviewer Comment (2025-02-18): [redacted] Received Corrected PCCD, LOE and Refund Check.


Buyer Comment (2025-02-17): PCCD


Reviewer Comment (2025-02-11): [redacted] received SSPL. The inclusion of a fee within Section [redacted] of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the Title - Reconveyance fee was included in Section [redacted] of the most recent LE, the consumer was not allowed to shop and a cure is required.  Provide Corrected CD,  LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-02-11): lox
   02/18/2025   2 C B C B C B C B C B   AL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222803722 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Requested: To use[redacted]showing the borrower only has[redacted] equity required (Mortgage balance [redacted]). Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted]points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-07): Preapproved exception
     02/07/2025 2 B B B B B B B B B B   FL Primary Purchase   C B C B B B A A Non QM Non QM No
222803722 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided   Flood Insurance Policy is missing.       Reviewer Comment (2025-02-17): Flood Insurance Policy received, Exception Cleared.


Buyer Comment (2025-02-14): see attached flood policy
 02/17/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C B B B A A Non QM Non QM No
222803722 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing [redacted] Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. The received initial [redacted]" disclosure is not signed.       Reviewer Comment (2025-02-19): Client elects to waive.


Reviewer Comment (2025-02-19): The document [redacted] reflects that it is an addendum to Notice of Special Flood Hazard Disclosure. The actual Notice of Special Flood Hazard Disclosure in the file was signed at closing.


Buyer Comment (2025-02-17): SEE [redacted]


Reviewer Comment (2025-02-17): Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. [redacted] reflect doc was signed at closing.


Buyer Comment (2025-02-14): see [redacted] that is signed
     02/19/2025 2 B B B B B B B B B B   FL Primary Purchase   C B C B B B A A Non QM Non QM No
222803722 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-02-06): Sufficient Cure Provided At Closing
   02/06/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. P&L provided in file is with incorrect start date.       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): [redacted]


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): [redacted]


Buyer Comment (2025-03-25): lease


Buyer Comment (2025-03-25): [redacted] doc


Buyer Comment (2025-03-25): P & L


Buyer Comment (2025-03-25): statement


Reviewer Comment (2025-03-12): Require [redacted]  months P&L to meet the requirement(UW qualified with[redacted] months income) as per UW worksheet income calculated from [redacted] to[redacted]$[redacted].[redacted]months=$[redacted]however as per available P&L income calculated from [redacted]to [redacted] $[redacted].[redacted]months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a[redacted] or [redacted]month P&L is acceptable for the transaction. The revised P&L is reflecting [redacted] months from [redacted]-[redacted]. Please re-review the documentation to cure this condition. Thank you.


Reviewer Comment (2025-03-11): Require P&L to reflect correct start date as [redacted]-[redacted]as provided P&L still reflecting incorrect dates [redacted]-[redacted]. Exception Remains.


Buyer Comment (2025-03-10): email from [redacted]


Buyer Comment (2025-03-10): P & L
 04/02/2025     1 B A C A B A C A B A   FL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - P&L Statement Only Guidelines Third Party Preparation Requirement not met Ability to Repay (Dodd-Frank [redacted]): P&L Statement(s) used to qualify were not prepared by a third party. P&L provided in file is with incorrect start date.       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from [redacted] to [redacted] $[redacted].[redacted]months=$[redacted] however as per available P&L income calculated from [redacted] to [redacted] $[redacted].[redacted] months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted] or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting [redacted] months from [redacted]-[redacted]. Please re-review the documentation to cure this condition. Thank you.


Reviewer Comment (2025-03-11): Require P&L to reflect correct start date as [redacted]-[redacted] as provided P&L still reflecting incorrect dates[redacted][redacted]. Exception Remains.


Buyer Comment (2025-03-10): see uploaded
 04/02/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) P&L provided in file is with incorrect start date.       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from [redacted] to [redacted] $[redacted].[redacted]months=$[redacted] however as per available P&L income calculated from[redacted] to [redacted] $[redacted].[redacted] months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted]or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting[redacted] months from [redacted]-[redacted]. Please re-review the documentation to cure this condition. Thank you.


Reviewer Comment (2025-03-11): Require P&L to reflect correct start date as [redacted]-[redacted] as provided P&L still reflecting incorrect dates [redacted]-[redacted]. Exception Remains.


Buyer Comment (2025-03-10): see uploaded
 04/02/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. P&L provided in file is with incorrect start date.       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.
 04/02/2025     1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   P&L provided in file is with incorrect start date       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from[redacted] to [redacted] $[redacted].[redacted]months=$[redacted]however as per available P&L income calculated from [redacted] to [redacted] $[redacted].[redacted]months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted] or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting[redacted]months from [redacted]-[redacted]. Please re-review the documentation to cure this condition. Thank you.


Reviewer Comment (2025-03-11): Require P&L to reflect correct start date as [redacted]-[redacted] as provided P&L still reflecting incorrect dates [redacted]-[redacted]. Exception Remains.


Buyer Comment (2025-03-10): see uploaded
 04/02/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2025-02-17): [redacted]state - checklist of coverage is available, exception cleared.


Buyer Comment (2025-02-14): Please cancel this cond. the checklist of coverage is in the docs [redacted]pg [redacted] the loss settlement is at replacement coverage
 02/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. P&L provided in file is with incorrect start date       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from [redacted] to [redacted] $[redacted][redacted]months=$[redacted] however as per available P&L income calculated from [redacted] to [redacted] $[redacted] months=[redacted] hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted]or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting [redacted]months from [redacted] to [redacted]. Please re-review the documentation to cure this condition. Thank you.


Reviewer Comment (2025-03-11): Require P&L to reflect correct start date as [redacted]-[redacted] as provided P&L still reflecting incorrect dates [redacted]-[redacted]. Exception Remains.


Buyer Comment (2025-03-10): see uploaded
 04/02/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted])([redacted]) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-[redacted].) due to incorrect P& L dates provided in file       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)([redacted]) of[redacted]% significantly exceeds the guideline maximum of[redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to[redacted].)


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from [redacted] to [redacted] $[redacted].[redacted]months=$[redacted]however as per available P&L income calculated from[redacted] to [redacted] [redacted][redacted] months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted] or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting [redacted] months from [redacted] to [redacted]. Please re-review the documentation to cure this condition. Thank you.
 04/02/2025     1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222888765 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Due to incorrect P&L dates provided in file       Reviewer Comment (2025-04-02): Exception Cleared, received updated P&L statement within Closing date.


Buyer Comment (2025-04-01): see uploaded


Reviewer Comment (2025-03-26): Provided P&L is prepared post note date. Condition remains.


Buyer Comment (2025-03-25): see uploaded


Reviewer Comment (2025-03-12): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of[redacted]% exceeds Guideline total debt ratio of [redacted]%.


Reviewer Comment (2025-03-12): Require [redacted] months P&L to meet the requirement(UW qualified with [redacted] months income) as per UW worksheet income calculated from [redacted] to [redacted] $[redacted].[redacted]months=$[redacted] however as per available P&L income calculated from [redacted] to [redacted] $[redacted].[redacted] months=[redacted], hence DTI got increased. Exception Remains.


Buyer Comment (2025-03-11): Per Signature Expanded Profit & Loss Guidelines, a [redacted] or [redacted] month P&L is acceptable for the transaction. The revised P&L is reflecting [redacted] months from[redacted] to [redacted]. Please re-review the documentation to cure this condition. Thank you.
 04/02/2025     1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
222890357 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for Cash out refinance of investment property. Subject is [redacted]units. Have lease for [redacted]of the units. For the [redacted]unit-have Letter borrower sent to tenant and a LOE from borrower confirming they do not have a signed lease b/c tenant wouldn't sign. Borrower letter mentions previous [redacted] housing and have documentation but rent is less than [redacted]/monthb. Borrower is a professional investor and has multiple REO that are rented via [redacted] housing. [redacted]>[redacted], [redacted]months reserves with cash out, minimal consumer debt, no derogatory credit. Compensatory factor are Subject is [redacted]unit- only have lease for [redacted]unit. For other unit tenant wouldn't sign lease. Have letter and LOE from borrower-requesting to give credit for [redacted]unit leases at [redacted]/month but unable to document months recent month rent received-borrower pays via cash and can't be documented. Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-14): preapproved exception
     02/14/2025 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222890357 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-04): Corrected insurance premium. [redacted] is now standing at[redacted]. Lenders is at [redacted]%.


Buyer Comment (2025-04-02): Please correct the subject homeowners insurance to the correct amount of $[redacted]/[redacted]= $[redacted] /mo. The current value used on [redacted] ($[redacted] /mo) is the total amount from the umbrella binder that includes [redacted] other properties on it as well.
 04/04/2025     1   A   A   A   A   A   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222903655 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to "Exception is needed due to Section [redacted]: Unacceptable Property Type ([redacted]with [redacted][redacted]With Similar Comparable). Exception request for eligibility of subject property. The subject is a legally zoned [redacted] [redacted]with and [redacted][redacted]. Both [redacted]are attached with one having [redacted] and the other having [redacted]. The appraiser has provided comparable [redacted]& [redacted]which similarly have [redacted][redacted]. A [redacted]is required but has not been received yet." Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-18): preapproved exception
     02/18/2025 2 B B B B B B B B B B   OR Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222903655 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to "Max [redacted]% LTV, min [redacted][redacted], min [redacted]-year [redacted], subject to meeting all other signature expanded guideline requirements." Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-18): preapproved exception
     02/18/2025 2 B B B B B B B B B B   OR Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222905610 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to use [redacted][redacted]to calculate rent and retain landlord history waiver at [redacted]% is approved.. Borrower owns no additional properties. Personal and business accounts are the equivalent of [redacted],per months reserves. Property is vacant. Market rent ($[redacted]) puts the [redacted]at [redacted]. [redacted][redacted](($[redacted]* [redacted])/ =$[redacted]) puts the [redacted]at [redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Originator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-19): Client elects to waive with compensating factors.
     02/19/2025 2 B B B B B B B B B B   FL Investment Purchase   C B C B     A A   N/A No
222905610 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Required [redacted]months bank statements not provided.       Reviewer Comment (2025-02-27): Bank statement was provided to verify large deposit and it is not included in [redacted]. Sufficient assets are available for closing and reserves. Exception cleared.


Buyer Comment (2025-02-25): This account was only used to show a lg deposit. [redacted] months would not need to be provided.
 02/27/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222909380 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided for using lease amount from lease agreement of $[redacted]/month for rental income to qualify [redacted]instead of [redacted]amount of $[redacted]. Borrower has tenant lined up and can provide the executed lease. Assets not verified but stated assets are greater than [redacted]months reserves. Both borrowers have good credit history with minimal consumer debt. Borrower owns [redacted] properties including [redacted]residence [redacted]and [redacted]. Compensating Factors: FICO [redacted]points or more above requirement, Reserves [redacted] months more than requirement, Minimal Consumer Debt. Exception [redacted]: -.[redacted]; [redacted]% Max LTV, [redacted]Minimum [redacted], Fully executed lease for subject property for a minimum term of [redacted]months to start within [redacted]days of closing and proof of [redacted]month rent/deposit, [redacted]Year [redacted]Minimum, Minimum [redacted]months reserves from borrowers' own funds, Subject to meeting all other Signature Expanded guideline requirements. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-02-20): Client elects to waive with comp factors.
     02/20/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
222910788 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   [redacted]for [redacted][redacted]came back at $[redacted]w/ [redacted]% Concidence and [redacted].[redacted] We need [redacted]% EQUITY ($[redacted]) USING $[redacted]AND CURRENT PRINCIPLE BALANCE $[redacted](NO [redacted]). We have $ [redacted]in equity and we need [redacted]% which is $[redacted]. [redacted]% in equity is what we have and need [redacted]%. Borrower will meet [redacted]reserve requirement of [redacted]month [redacted]residence on top of the [redacted]months subject reserves required. No other properties owned. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly mortgage payment has decreased by at least [redacted]%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC

SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-02-20): Client elects to waive with compensating factors.
     02/20/2025 2 B B B B B B B B B B   AZ Primary Purchase   C B B B C B A A Non QM Non QM No
222910788 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. No valid [redacted]provided, nor evidence of cure in file.       Reviewer Comment (2025-02-27): [redacted]Received Corrected PCCD, LOE, Refund Check and Proof of Mailing.


Buyer Comment (2025-02-25): lox [redacted] shipping label & check
   02/27/2025   2 C B C B C B C B C B   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
222922607 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-02-27): Proof of appraisal delivery received, exception cleared.


Buyer Comment (2025-02-26): Appraisal Conf
 02/27/2025     1 B A B A B A B A B A   PA Investment Refinance - Cash-out - Other   C B C A C B A A N/A Non QM No
222922607 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Property Taxes Included In Escrow TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[redacted] incorrectly disclosed whether property taxes are included in escrow. Taxes, while prepaid, did not include an initial amount collected for escrow       Reviewer Comment (2025-03-26): [redacted] received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2025-03-25): LOX, PCCD
   03/26/2025   2 C B C B C B C B C B   PA Investment Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A N/A Non QM Yes
222922607 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-02-26): Received E-Sign Consent document. Exception cleared.


Buyer Comment (2025-02-25): EConsent
 02/26/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C B C A C B A A N/A Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The file is missing a copy of the Final Title Policy.       Reviewer Comment (2025-03-05): Final Title Received.
 03/05/2025     1 A A A A A A A A A A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2025-03-05): Final Title Received.


Buyer Comment (2025-03-04): VOE [redacted]


Buyer Comment (2025-03-04): Final Title policy


Reviewer Comment (2025-03-04): Provided Title Policy amount $[redacted] is less than loan amount of $[redacted]. Exception remains.


Buyer Comment (2025-03-03): Title amount


Reviewer Comment (2025-02-28): The Title Policy Amount of $[redacted] is less than the note amount of $[redacted]based on the Updated Commitment in file. Exception remains


Buyer Comment (2025-02-27): title policy
 03/05/2025     1 B A B A B A B A B A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Income documents for Borrower[redacted]. Paystubs, VVOE - Employment Only & W-2 are missing.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.


Buyer Comment (2025-03-13): VOE


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): VOE


Reviewer Comment (2025-03-03): EXCEPTION HISTORY - Exception Explanation was updated on[redacted]PRIOR Exception Explanation: Paystubs, VVOE - Employment Only


Reviewer Comment (2025-02-28): Paystubs and[redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and [redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Income Income Error Income Business Bank Statement income was used to qualify.   A fixed guideline expense ratio of [redacted]% or less was used to qualify. - Stated Expense Ratio is [redacted]% on file.       Reviewer Comment (2025-03-04): CPA confirms the income/expense amount. Exception cleared.


Buyer Comment (2025-03-03): To the investor for [redacted] on the exception below. It's not specific as to what is required to cure it
 03/04/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank [redacted]2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Waterfall due to missing VVOE within [redacted] business days to the note date.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): Borrower [redacted]


Reviewer Comment (2025-02-28): Paystubs and [redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and[redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Wages Ability to Repay (Dodd-Frank [redacted]):  Unable to verify income due to, paystub provided was dated more than [redacted]days prior to closing. Missing Latest Paystubs & W-2's for [redacted]       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted]days. VVOE located in the file indicates borrower is an owner..


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): Borrower [redacted]


Reviewer Comment (2025-03-03): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay [redacted]):  Unable to verify income due to, missing  [redacted] Paystub, LES, ETS or WVOE. ([redacted] [redacted], Inc/Wages)


Reviewer Comment (2025-02-28): Paystubs and [redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted]business days to the Note date and [redacted] for Current employment fo[redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to missing [redacted]income documentation and VVOE within [redacted]business days to the note date.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects[redacted] wages. Paystubs allowed up to[redacted]days. VVOE located in the file indicates borrower is an owner.


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position.


Buyer Comment (2025-03-04): Borrower [redacted]


Reviewer Comment (2025-02-28): Paystubs and [redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and [redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs[redacted]
 03/19/2025     1 B A C A B A C A B A   IN Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing [redacted]income documentation.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted]wages. Paystubs allowed up to[redacted]days. VVOE located in the file indicates borrower is an owner.


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): Borrower [redacted]


Reviewer Comment (2025-02-28): Paystubs and [redacted]for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and [redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing [redacted]income documentation.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): VOE


Reviewer Comment (2025-02-28): Paystubs and[redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and [redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Waterfall due to missing [redacted]income documentation.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted]wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.
 03/19/2025     1 A A A A A A A A A A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall due to missing [redacted]income documentation.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.


Reviewer Comment (2025-03-05): Provided VVOE shows [redacted] is the owner. [redacted] is a [redacted] employee, As per CPA letter [redacted] is the owner of [redacted], Inc. Please provide VVOE with borrower's correct position and[redacted] from the same company.


Buyer Comment (2025-03-04): VOE


Reviewer Comment (2025-02-28): Paystubs and [redacted] for Previous employment received. Provide Verbal Verification of employment within [redacted] business days to the Note date and [redacted] for Current employment for [redacted]. Exception remains.


Buyer Comment (2025-02-27): [redacted]s and Paycheck stubs [redacted]
 03/19/2025     1 C A C A C A C A C A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall due to missing [redacted]income documentation and [redacted]within [redacted] business days to the note date.       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.
 03/19/2025     1   A   A   A   A   A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted]business days of the Note. - VVOE within [redacted]business days to the note date for Borrower [redacted].       Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects [redacted]wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.
 03/19/2025     1   A   A   A   A   A   IN Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
222928302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2025-03-19): Cleared. WVOE located in the file to reflects[redacted] wages. Paystubs allowed up to[redacted] days. VVOE located in the file indicates borrower is an owner.
 03/19/2025     1   A   A   A   A   A   IN Primary Refinance - Rate/Term Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
222933990 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete.  [redacted]. indicates borrower is borrowing money for this transaction, yet the amount of money is blank. - Declaration Section [redacted]indicate that borrower is borrowing money for this transaction, yet the amount of money is blank.       Reviewer Comment (2025-03-06): Updated [redacted] received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-05): [redacted]
 03/06/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A A A A A Non QM Non QM No
222933990 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations:  D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered [redacted].  Unable to determine qualification without this information. - Borrower has selected Yes for D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? require confirmation.       Reviewer Comment (2025-03-06): Updated [redacted] received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-05): LOX
 03/06/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A A A A A Non QM Non QM No
222937306 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for section 9.2: Unacceptable Property type ([redacted]Property). The subject is a legally zoned [redacted] [redacted]located in a suburban area with [redacted] acre, community water, and septic sewer. The subject's design/style is an "[redacted]," and there are no similarly designed comparable available. The appraiser did provide a [redacted][redacted], though ([redacted][redacted])
Compensating factors:
Loan to Value [redacted]% or more under requirement.
FICO [redacted]points or more above requirement.

The exception was approved with [redacted] exception LLPA.
Exception conditions:
Max [redacted]% LTV/CLTV.
Subject to meeting all other signature expanded guideline requirements.		 Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-04): Client elects to waive with comp factors.


Buyer Comment (2025-02-28): please cancel cond, lender except/aprvl are on D[redacted]
     03/04/2025 2 C B C B C B C B C B   MT Primary Purchase   C B C B C A A A Non QM Non QM No
222937306 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The most recent [redacted]months of statements must be provided for any account that will be utilized for asset qualification - only [redacted]months provided for [redacted][redacted]Account - [redacted][redacted]statement provided instead of [redacted][redacted].       Reviewer Comment (2025-03-18): Most recent account statement for the month of [redacted] [redacted]received which covers the[redacted] months period. Exception cleared.


Buyer Comment (2025-03-18): [redacted] [redacted] Stmt
 03/18/2025     1 C A C A C A C A C A   MT Primary Purchase   C B C B C A A A Non QM Non QM No
222937306 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. The most recent [redacted]months of statements must be provided for any account that will be utilized for asset qualification - only [redacted]months provided for [redacted][redacted]Account - [redacted][redacted]statement provided instead of [redacted][redacted].       Reviewer Comment (2025-03-18): Most recent account statement for the month of[redacted] [redacted] received which covers the [redacted]months period. Exception cleared.


Buyer Comment (2025-03-18): [redacted] [redacted] Statement uploaded
 03/18/2025     1 B A C A B A C A B A   MT Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
222937306 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The most recent [redacted]months of statements must be provided for any account that will be utilized for asset qualification - only [redacted] months provided for [redacted][redacted]Account - [redacted][redacted]statement provided instead of [redacted][redacted].       Reviewer Comment (2025-03-18): Most recent account statement for the month of [redacted] [redacted] received which covers the [redacted] months period. Exception cleared.


Buyer Comment (2025-03-18): [redacted] [redacted] Statement uploaded
 03/18/2025     1 C A C A C A C A C A   MT Primary Purchase   C B C B C A A A Non QM Non QM No
222937306 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. The most recent [redacted]months of statements must be provided for any account that will be utilized for asset qualification - only [redacted]months provided for [redacted][redacted]Account - [redacted][redacted]statement provided instead of [redacted][redacted].       Reviewer Comment (2025-03-18): Most recent account statement for the month of [redacted] [redacted] received which covers the [redacted]months period. Exception cleared.


Buyer Comment (2025-03-18): [redacted] [redacted] Statement uploaded
 03/18/2025     1 C A C A C A C A C A   MT Primary Purchase   C B C B C A A A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. [redacted]valuation is missing. Sec ID: [redacted]           Reviewer Comment (2025-03-04): CDA is already in file updated and associated in system, Exception cleared.


Buyer Comment (2025-03-03): SEE D[redacted]which is the CDA. value is same as appraised valued. please cancel condition.
 03/04/2025     1 D A D A D A D A D A   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted]business days of the Note. - Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-07): Guides allow VOE [redacted] days prior to Note date or anytime after the Note date.


Buyer Comment (2025-03-05): see exhibit [redacted] uploaded states anytime after the note date


Reviewer Comment (2025-03-05): Provided third party verification document is dated after the note date, Exception remains.


Buyer Comment (2025-03-04): SEE UPLD VVOE
 03/07/2025     1 C A C A C A C A C A   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-25): Client elects to waive.


Reviewer Comment (2025-03-25): Regraded to [redacted]-B based on lender exception to use CPA Letter and most recent paystub to verify employment status.


Buyer Comment (2025-03-21): Exception Approval


Reviewer Comment (2025-03-17): Please provide lender exception approval email.


Buyer Comment (2025-03-14): Please clear exception uploaded and cleared on another condition.


Buyer Comment (2025-03-12): Exception Requested


Reviewer Comment (2025-03-07): While the verification provided meets guideslines it does not meet ATR. ATR requires verification prior to close. Exception remains.


Buyer Comment (2025-03-05): see exhibit [redacted] upld today


Reviewer Comment (2025-03-05): Provided third party verification document is dated after the note date, Exception remains.


Buyer Comment (2025-03-04): SEE UPLD VVOE WATERFALL COND
     03/25/2025 2 C B C B C B C B C B   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-07): Guides allow VOE [redacted]days prior to Note date or anytime after the Note date.


Buyer Comment (2025-03-05): see exhibit [redacted] upld today


Reviewer Comment (2025-03-05): Provided third party verification document is dated after the note date, Exception remains.


Buyer Comment (2025-03-04): SEE UPLD VVOE WATERFALL COND
 03/07/2025     1 C A C A C A C A C A   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-25): Loan is [redacted]


Buyer Comment (2025-03-21): Exception Approval provided.


Reviewer Comment (2025-03-17): Please provide lender exception approval email.


Buyer Comment (2025-03-14): Please clear exception uploaded and cleared on another condition.


Buyer Comment (2025-03-12): Exception Requested


Reviewer Comment (2025-03-07): While the verification provided meets guideslines it does not meet ATR. ATR requires verification prior to close. Exception remains.


Buyer Comment (2025-03-05): see exhibit [redacted] upld today


Reviewer Comment (2025-03-05): Provided third party verification document is dated after the note date, Exception remains.


Buyer Comment (2025-03-04): SEE UPLD VVOE WATERFALL COND
 03/25/2025     1 C A C A C A C A C A   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-25): Loan is [redacted]


Buyer Comment (2025-03-21): Exception Approval provided.
 03/25/2025     1   A   A   A   A   A   TX Primary Purchase Lender to provide updated ATR/QM status D B C A C B D A Non QM Non QM Yes
222952907 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Waterfall due to missing Verification of employment is not within [redacted]business days of the Note.       Reviewer Comment (2025-03-25): Client elects to waive.


Reviewer Comment (2025-03-25): Regraded to [redacted]-B based on lender exception to use CPA Letter and most recent paystub to verify employment status.


Buyer Comment (2025-03-21): Exception Approval provided.
     03/25/2025 2   B   B   B   B   B   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222952907 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing VOE within [redacted]days.       Reviewer Comment (2025-03-25): Guides allow VOE [redacted] days prior to Note date or anytime after the Note date.
 03/25/2025     1   A   A   A   A   A   TX Primary Purchase   D B C A C B D A Non QM Non QM No
222953187 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Collateral. Non-warrantable condo due to mandatory membership fee and excessive per unit deductible.
We are requesting an exception for [redacted]non-warrantable characteristics. Please note we did receive approval back in [redacted]for a different client. There is a mandatory membership fee for a clubhouse owned by the developer and the HOA leases. Secondly, per unit deductible that exceeds [redacted]% however, see deductible calculation provided it does pass.		 Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-27): preapproved exception
     02/27/2025 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222958394 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Borrower has an extensive real estate portfolio, most of which is owned free and clear. We will have over [redacted] months PITI in post close reserves. Because this is a refinance per guidelines we can use the rent on the long term lease agreement so the [redacted] will exceed [redacted]. the file has been submitted by the broker so there is full.
Incomplete exception.		 Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-28): preapproved exception
     02/28/2025 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222958394 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I           Reviewer Comment (2025-03-19): Received Interest-Only Period Fixed rate note in the file. Exception Cleared.


Buyer Comment (2025-03-18): Note
 03/19/2025     1 C A C A C A C A C A   AZ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Articles of Organization/Formation is missing       Reviewer Comment (2025-03-06): Received Article of Organization/Formation in the file. Exception Cleared.


Buyer Comment (2025-03-05): Vesting Documentation
 03/06/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing       Reviewer Comment (2025-03-14): Received Certificate of Good Standing. Exception Cleared.


Buyer Comment (2025-03-13): [redacted]


Buyer Comment (2025-03-13): Series Articles of Incorporation under [redacted]


Buyer Comment (2025-03-13): Please clear- The Series AOI confirms [redacted] is an established Series under [redacted][redacted]meets all of the requirements in the[redacted]. Additional Documents should not be needed, as the [redacted] would only be needed for [redacted]  s[redacted] is basically a subsidiary of [redacted] and it's not considered it's own entity.


Reviewer Comment (2025-03-07): Provided Certificate of Good Standing document reflects entity name as [redacted] is mismatches with the business entity name reflects on security instrument. Require Certificate of Good Standing with correct business entity name ([redacted]), Exceptions Remains.


Buyer Comment (2025-03-06): Please see pg [redacted]-[redacted], series [redacted]is included under [redacted]


Reviewer Comment (2025-03-06): Require Certificate of Good Standing for [redacted] Series [redacted] [redacted], [redacted]. Exception Remains.


Buyer Comment (2025-03-05): Please see vesting documentation uploaded today
 03/14/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing       Reviewer Comment (2025-03-21): Cleared. Received corporate resolution.


Buyer Comment (2025-03-19): Please see the corp resolution


Reviewer Comment (2025-03-07): Provided Corporate Resolution document reflects entity name as [redacted] is mismatches with the business entity name reflects on security instrument. Require Corporate Resolution with correct business entity name ([redacted]), Exceptions Remains.


Buyer Comment (2025-03-06): Please see pg [redacted]-[redacted], series [redacted] is included under [redacted]


Reviewer Comment (2025-03-06): Require Corporate Resolution for [redacted] Series [redacted][redacted]. Exception Remains.


Buyer Comment (2025-03-05): Please see vesting documentation uploaded today
 03/21/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Subject Note document is missing which is signed by Business entity "[redacted]       Reviewer Comment (2025-04-17): Cleared. Received original corrective Note, Destroyed Note Affidavit, Affidavit of Correction, Letter of Intent to Record.


Buyer Comment (2025-04-16): Corrected Note and Affidavit of Correction with Letter of Intent to Record


Reviewer Comment (2025-03-21): The Note and Security Instrument reflect a different name than the Articles of Organization and Title for the series.


Buyer Comment (2025-03-19): Please see the corrected title with the [redacted] name being corrected to [redacted]. Please confirm what documents will need to be updated and re-executed. Thank you.


Reviewer Comment (2025-03-19): Reopening for client.


Reviewer Comment (2025-03-14): Received corrected note including business entity. Exception cleared.


Buyer Comment (2025-03-13): Note
 04/17/2025     1 D A D A D A D A D A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing       Reviewer Comment (2025-03-18): [redacted] has authority to create series [redacted]


Buyer Comment (2025-03-14): Please clear- The Series AOI confirms [redacted] Series [redacted] is an established Series under [redacted]. The Articles of Incorporation meets all of the requirements in the [redacted] Agreement under section [redacted] Additional Documents should not be needed, as the [redacted]  would only be needed for [redacted], [redacted] is basically a subsidiary of [redacted] and it's not considered it's own entity. ***Please see the operating agreement for [redacted] that includes any subsidiary series under [redacted], the same rules would apply to the [redacted] as Section [redacted] confirms creating a series is not a general amendment to this agreement. All terms under the original operating agreement would still apply to the series.


Reviewer Comment (2025-03-07): Provided Operating Agreement document reflects entity name as [redacted] is mismatches with the business entity name reflects on security instrument. Require Operating Agreement with correct business entity name ([redacted]), Exceptions Remains.


Buyer Comment (2025-03-06): Please see pg [redacted]-[redacted]-, series [redacted] is included under [redacted]


Reviewer Comment (2025-03-06): Require Operating Agreement for [redacted] Series[redacted], [redacted]. Exception Remains.


Buyer Comment (2025-03-05): Please see vesting documentation uploaded today
 03/18/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted] Error: Birth Date  was not provided - Missing [redacted] for both guarantors       Reviewer Comment (2025-03-11): 1003 is not required for member [redacted]. Exception Cleared.


Buyer Comment (2025-03-11): DOB for guarantor is not required, [redacted] is not on the application.
 03/11/2025     1 B A B A B A B A B A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Missing asset documentation       Reviewer Comment (2025-03-19): Cleared. Added cash enhanced [redacted] account listed on the [redacted] financial statements. Sufficient funds to close verified.
 03/19/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final [redacted]   [redacted] for both guarantors is missing from the loan file       Reviewer Comment (2025-03-05): Initial package Final [redacted]is present. Exception Cleared.


Buyer Comment (2025-03-03): Please cancel this condition, [redacted]is final [redacted]
 03/05/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
222958449 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Missing documentation establishing the Series as dictated by Section [redacted] of the Operating Agreement       Reviewer Comment (2025-03-18): [redacted] has authority to create series [redacted]


Buyer Comment (2025-03-14): Please clear- The Series AOI confirms [redacted] Series [redacted] is an established Series under [redacted]. The Articles of Incorporation meets all of the requirements in the [redacted] Operating Agreement under section [redacted] page[redacted] Additional Documents should not be needed, as the [redacted] would only be needed for [redacted], vis basically a subsidiary of [redacted]and it's not considered it's own entity. Please see the documents provided in section [redacted]pages [redacted] provided [redacted] confirming the establishment of the series.
 03/18/2025     1   A   A   A   A   A   OH Investment Purchase   D A D A     A A   N/A No
222960183 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requested which was approved to unacceptable property type (multi-Family with illegal ADU & no similar comparable). Exception request if subject property. The subject is legally zoned [redacted]-unit multi-family with an illegal ADU (basement ADU). One unit is [redacted]bd/[redacted] ba, and the basement ADU is [redacted] ba. Subject is located in an urban area with <[redacted]acre and public utilities. The appraiser has provided a couple of comparable with similar finished basement; however, it is unknown whether they are also illegal. The stove in the basement was removed with the gas line capped; however this does not change FNMA's consideration of being considered an ADU. Lender exception was approved with Maximum LTV [redacted]% The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC		 Reviewer Comment (2025-02-28): Lender approved exception with comp factors.
     02/28/2025 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222960183 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-03): Updated rentals on each unit. [redacted] now stands at [redacted] Condition cleared.


Buyer Comment (2025-04-02): **UPDATE** - Please provide your approved rental income amount for each of the subject units. It appears there may be a mix up between the unit #'s and lease agreements in file and the appraisal data when determining the [redacted] info on the [redacted] side.


Buyer Comment (2025-04-01): Can you please provide what is needed to cure
 04/03/2025     1   A   A   A   A   A   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of[redacted].       Reviewer Comment (2025-03-20): Received lender exception form with comp factors to waive [redacted] month reserve requirement. [redacted] months reserves allowed per lender exception approval.


Buyer Comment (2025-03-19): see attached


Reviewer Comment (2025-03-17): Please provide the exception the request form that lists the compensating factors to waive the exception for reserves based on the approval provided.


Buyer Comment (2025-03-14): Please email confirmation regarding exception


Reviewer Comment (2025-03-10): Provide full pages of bank statement with [redacted] accounts mentioned in updated [redacted] . Provided [redacted] page show only ending balance no withdrawals, credit and debits transactions or month statement. Exception remains


Buyer Comment (2025-03-07): Please see assets along with revised 1003.


Buyer Comment (2025-03-07): Assets


Buyer Comment (2025-03-07): Revised 1003
 03/20/2025     1 B A C A B A C A B A   PA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]e Tolerance exceeded for Extension Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. File does not contain a valid COC for this fee, cure not provided at closing.       Reviewer Comment (2025-03-06): [redacted] received a valid COC.


Buyer Comment (2025-03-05): COC


Buyer Comment (2025-03-05): Title email confirmation
 03/06/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted]is over disclosed by [redacted]compared to the calculated Amount Financed of[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]
 ).		 Final Closing Disclosure provided on [redacted] disclosed a finance charge of [redacted]. calculated finance charge is $[redacted], resulting in a variance of -$[redacted]       Reviewer Comment (2025-03-07): Upon further review amount financed was correctly disclosed to consumer


Buyer Comment (2025-03-06): Please clear as COC was provided
 03/07/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C A A A Non QM Non QM Yes
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]
  disclosed an inaccurate Finance Charge on page[redacted]
   that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted]
  is under disclosed by $[redacted]
 compared to the calculated Finance Charge of $[redacted]
  which exceeds the [redacted]
  threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]
 ).		 Final Closing Disclosure provided on[redacted] disclosed a finance charge of $[redacted]. calculated finance charge is $[redacted], resulting in a variance of -$[redacted]       Reviewer Comment (2025-03-07): Upon further review, consumer was allowed to shop for service and fee bound by [redacted] tolerance


Buyer Comment (2025-03-06): COC was provided
 03/07/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C A A A Non QM Non QM Yes
222962068 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Calculated PITIA months reserves of[redacted] is less than Guideline PITIA months reserves of [redacted] Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has long term employment, greater than [redacted] years. Borrower has been employed with current employer for [redacted] years.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-20): Client elects to waive with compensating factors.


Buyer Comment (2025-03-19): see attached


Reviewer Comment (2025-03-17): EXCEPTION HISTORY - Exception Explanation was updated on [redacted]  PRIOR Exception Explanation: Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]


Reviewer Comment (2025-03-17): Please provide the exception the request form that lists the compensating factors to waive the exception for reserves based on the approval provided.


Buyer Comment (2025-03-14): Please waive as it is invalid see attached email confirmation


Buyer Comment (2025-03-14): Exception email provided


Reviewer Comment (2025-03-13): Cash back received is [redacted] appraisal fees paid before closing[redacted] is not included under cashback, please provide invoice receipt or payment proof to be included under asset.  Bank statement provided with asset of [redacted] is included however, statement does not confirm account start and end date. This will clear the shortage. Exception Remains.


Buyer Comment (2025-03-11): Please advise how assets of [redacted] was verified and why the assets docs provided does not cure the condition. Our calculations show that the borrower received [redacted]cash back. We provided additional assets of [redacted] giving total assets of  [redacted]
[redacted] months requires reserves are [redacted]. We have total verified assets of [redacted]. How are the assets insufficient?


Reviewer Comment (2025-03-11): Exception remains, after updated bank statements Verified liquid assets in the amount of [redacted]  are insufficient to meet reserve requirements of[redacted]  is less than guideline month reserves of [redacted] months and Provided[redacted] statement does not have Statement Start date and end date, Additional assets required to meet reserves and [redacted] months verified Bank Statements.


Buyer Comment (2025-03-10): 1003


Buyer Comment (2025-03-10): assets


Buyer Comment (2025-03-10): Reserves are [redacted]
Cash back to brw [redacted]
[redacted](short reserves)
We now have addtl reserves of [redacted]
     03/20/2025 2 C B C B C B C B C B   PA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]
 ): Based on the loan failing one or more guideline components, the loan is at ATR risk.		 Waterfall due to Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of[redacted].       Reviewer Comment (2025-03-20): Received lender exception form with comp factors to waive [redacted] month reserve requirement. [redacted] months reserves allowed per lender exception approval.


Reviewer Comment (2025-03-13): Cash back received is [redacted], appraisal fees paid before closing [redacted] is not included under cashback, please provide invoice receipt or payment proof to be included under asset.  Bank statement provided with asset of [redacted] is included however, statement does not confirm account start and end date. This will clear the shortage. Exception Remains.


Buyer Comment (2025-03-11): Please advise how assets of [redacted] was verified and why the assets docs provided does not cure the condition. Our calculations show that the borrower received [redacted] cash back. We provided additional assets of [redacted] giving total assets of  [redacted]  
[redacted] months requires reserves are [redacted] We have total verified assets of [redacted]. How are the assets insufficient?


Reviewer Comment (2025-03-11): Exception remains, after updated bank statements Verified liquid assets in the amount of [redacted] are insufficient to meet reserve requirements of [redacted] is less than guideline month reserves of [redacted] months and Provided [redacted] statement does not have Statement Start date and end date, Additional assets required to meet reserves and [redacted]months verified Bank Statements.


Buyer Comment (2025-03-10): Reserves are [redacted]
Cash back to brw [redacted]
[redacted](short reserves)
We now have addtl reserves of [redacted]
 03/20/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222962068 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Verified assets were not sufficient to meet the required [redacted] mo reserve requirement. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has long term employment, greater than [redacted] years. Borrower has been employed with current employer for [redacted] years.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-20): Client elects to waive with compensating factors.


Reviewer Comment (2025-03-13): Cash back received is [redacted] appraisal fees paid before closing [redacted] is not included under cashback, please provide invoice receipt or payment proof to be included under asset.  Bank statement provided with asset of [redacted] is included however, statement does not confirm account start and end date. This will clear the shortage. Exception Remains.


Buyer Comment (2025-03-11): Please advise how assets of [redacted] was verified and why the assets docs provided does not cure the condition. Our calculations show that the borrower received [redacted] cash back. We provided additional assets of [redacted]  giving total assets of  [redacted]
[redacted] months requires reserves are [redacted] We have total verified assets of [redacted] How are the assets insufficient?


Reviewer Comment (2025-03-11): Exception remains, after updated bank statements Verified liquid assets in the amount of [redacted] are insufficient to meet reserve requirements of [redacted] is less than guideline month reserves of [redacted] months and Provided [redacted] statement does not have Statement Start date and end date, Additional assets required to meet reserves and [redacted] months verified Bank Statements.


Buyer Comment (2025-03-10): Reserves are [redacted]
Cash back to brw [redacted]
[redacted](short reserves)
We now have addtl reserves of [redacted]
     03/20/2025 2 C B C B C B C B C B   PA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222962068 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank[redacted]
 ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)		 Waterfall due to Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted].       Reviewer Comment (2025-03-20): Received lender exception form with comp factors to waive [redacted] month reserve requirement. [redacted] months reserves allowed per lender exception approval.


Reviewer Comment (2025-03-13): Cash back received is [redacted] appraisal fees paid before closing [redacted] is not included under cashback, please provide invoice receipt or payment proof to be included under asset.  Bank statement provided with asset of [redacted] is included however, statement does not confirm account start and end date. This will clear the shortage. Exception Remains.


Buyer Comment (2025-03-11): Please advise how assets of [redacted]  was verified and why the assets docs provided does not cure the condition. Our calculations show that the borrower received [redacted] cash back. We provided additional assets of [redacted] giving total assets of  [redacted]
[redacted] months requires reserves are [redacted]  We have total verified assets of [redacted] How are the assets insufficient?


Reviewer Comment (2025-03-11): Exception remains, after updated bank statements Verified liquid assets in the amount of [redacted] are insufficient to meet reserve requirements o[redacted]is less than guideline month reserves of [redacted] months and Provided [redacted] statement does not have Statement Start date and end date, Additional assets required to meet reserves and [redacted] months verified Bank Statements.


Buyer Comment (2025-03-10): Reserves are [redacted]
Cash back to brw [redacted]
[redacted](short reserves)
We now have addtl reserves of [redacted]
 03/20/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222962159 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided           Reviewer Comment (2025-03-05): Guarantor Agreement received and associated. Exception cleared.


Buyer Comment (2025-03-04): Agreement
 03/05/2025     1 D A D A D A D A D A   NJ Investment Purchase   D A D A A A A A N/A Exempt from ATR No
222968849 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Closing statement provided for pending sale is not executed by the borrower. Require executed copy of the closing statement.       Reviewer Comment (2025-03-20): Received executed copy of the closing statement for the sold property in the file. Exception Cleared.


Buyer Comment (2025-03-19): Executed Copy


Reviewer Comment (2025-03-14): Provided closing statements and seller closing disclosure of subject transaction along with wire transfer receipt. Provide executed closing statement of sold property ([redacted]) as available closing statement ([redacted]) is not executed by the borrower. Exception remains.


Buyer Comment (2025-03-13): Seller CD


Buyer Comment (2025-03-13): Please see attached


Buyer Comment (2025-03-13): Final settlement stateament


Buyer Comment (2025-03-13): Wire
 03/20/2025     1 C A C A C A C A C A   AZ Investment Purchase   C B C B     A A   N/A No
222968849 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender request exception to use market rents from appraisal rather than current rents from current tenants (without confirmation tenants are vacating) ([redacted] using current rents is too low at .[redacted]). Borrower info: Borrower purchasing [redacted]-unit investment property. Appraisal came in with tenants occupying currently. UW asked for evidence tenants were vacating and branch asked for exception to be requested to use market rents. Funds/reserves pending. Borrower owns primary residence and four additional investment properties. Compensating factors FICO [redacted] points or more above requirement. Exception conditions Minimum [redacted] [redacted], Minimum FICO [redacted], Maximum [redacted]% LTV, Minimum [redacted] Year PPP, Document and source additional [redacted] months reserves (PITIA), Document evidence most recent [redacted] - month mortgage payment history evidencing [redacted]*[redacted]*[redacted] on all applicable mortgages, provide documentation to support [redacted] tenancy law restrictions precluding the increase in rents, Provide fully executed LOE from Borrower confirming intent to increase rents to market for both units. The rental figure utilized may not be more than [redacted]% above the amount of lease in place at time of closing and Subject to meeting all [redacted] guidelines requirements. The representative FICO score exceeds the guideline minimum by at least [redacted] points. FICO [redacted] points or more above requirement Aggregator,SitusAMC Reviewer Comment (2025-03-04): Lender granted exception approval with compensating factors in loan file.
     03/04/2025 2 B B B B B B B B B B   AZ Investment Purchase   C B C B     A A   N/A No
222968966 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Lender Exception in the file approving Borrower without a [redacted] Month Verification of Rent documentation and without full recent [redacted] mo history of payments on IRS debt. Compensating factors include Total debt is more than [redacted]% below requirement, Residual income is $[redacted] or more and Reduction in housing/Mortgage payment. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly mortgage payment has decreased by at least [redacted]%.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Lender exception approved with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-04): Lender exception approved with comp factors.
     03/04/2025 2 B B B B B B B B B B   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Gift letter missing in loan file.       Reviewer Comment (2025-03-07): Gift letter received and verified. Exception cleared


Buyer Comment (2025-03-06): Gift Letter
 03/07/2025     1 C A C A C A C A C A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall finding due to the missing gift letter, resulting in a loan designation discrepancy.       Reviewer Comment (2025-03-07): Gift letter received and verified. Exception cleared


Buyer Comment (2025-03-06): Please see gift letter uploaded today
 03/07/2025     1 B A C A B A C A B A   IL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall finding due to missing gift letter.       Reviewer Comment (2025-03-07): Gift letter received and verified. Exception cleared


Buyer Comment (2025-03-06): Please see gift letter uploaded today
 03/07/2025     1 C A C A C A C A C A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall finding due to missing gift letter.       Reviewer Comment (2025-03-07): Gift letter received and verified. Exception cleared


Buyer Comment (2025-03-06): Please see gift letter uploaded today
 03/07/2025     1 C A C A C A C A C A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. In Affiliated Business Arrangement Disclosure borrower signature missing.       Reviewer Comment (2025-03-10): Exception Cleared, Executed copy of Affiliated Business arrangement disclosure is received.


Buyer Comment (2025-03-06): Signed
 03/10/2025     1 B A B A B A B A B A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by[redacted] compared to the calculated Amount Financed of[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]
).		 Final Closing Disclosure provided on[redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted].  The issue appears to have been corrected with the [redacted] Post-Close CD; however, to cure the finding the letter of explanation provided to the borrower and proof of delivery are still required.       Reviewer Comment (2025-03-21): [redacted] received final CD.


Buyer Comment (2025-03-20): Rebuttal


Reviewer Comment (2025-03-11): The issue results from the Finance Charge disclosed on the final CD at or before consummation ([redacted]) is [redacted] which is under disclosed compared to the actual finance charge.  The compliance report on the rebuttal screenshot provided shows calculated Finance Charge Amount to be [redacted] while [redacted] CD disclosed [redacted]  which is under disclosed.  LOE notifying borrower of under disclosure, refund check in the amount of [redacted], [redacted], and proof of delivery required to cure


Buyer Comment (2025-03-10): Finance Charges Rebuttal
 03/21/2025     1 C A C A C A C A C A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan.         Reviewer Comment (2025-03-12): Corrected CD prior to reporting.


Buyer Comment (2025-03-10): Please see memo uploaded today, thank you!
   03/12/2025   2 C B C B C B C B C B   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of[redacted] is under disclosed by[redacted] compared to the calculated Finance Charge of[redacted]which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page[redacted]that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted].  The issue appears to have been corrected with the[redacted] Post-Close CD; however, to cure the finding the letter of explanation provided to the borrower, a copy of the refund check for the underdisclosed amount and proof of delivery are still required.       Reviewer Comment (2025-03-21): [redacted] received final CD.


Reviewer Comment (2025-03-11): The issue results from the Finance Charge disclosed on the final CD at or before consummation [redacted] is [redacted] which is under disclosed compared to the actual finance charge.  The compliance report on the rebuttal screenshot provided shows calculated Finance Charge Amount to be [redacted] while [redacted] CD disclosed [redacted] which is under disclosed.  LOE notifying borrower of under disclosure, refund check in the amount of [redacted], [redacted], and proof of delivery required to cure


Buyer Comment (2025-03-10): Please see documentation uploaded today, thank you!
 03/21/2025     1 C A C A C A C A C A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted].  The disclosed Total of Payments in the amount of $[redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted]which exceeds the [redacted] threshold. The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted]threshold. The issue appears to have been corrected with the [redacted] Post-Close CD; however, to cure the finding the letter of explanation provided to the borrower, a copy of the refund check for the underdisclose amount and proof of delivery are still required.       Reviewer Comment (2025-03-21): [redacted] received final CD.


Reviewer Comment (2025-03-12): [redacted] received rebuttal re: finance charges, nothing noted on TOP calculation rebuttal.  However, the issue is related to the [redacted] issued [redacted] which reflected higher Section D fees (less lower prepaid interest) than disclosed on the Final CD which results in a higher TOP calculation that was over tolerance and underdisclosed over that tolerance at closing for which cure would be due to borrower. TOP was underdisclosed [redacted] which is the difference in Section D totals and the prepaid interst totals.  Cure with Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure of [redacted] and proof of mailing.


Buyer Comment (2025-03-10): Memo
 03/21/2025     1 C A C A C A C A C A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. File shows a discrepancy between the total Escrow amount collected on the Final CD dated Doc [redacted] ($[redacted]) and the PCCD which shows $[redacted]. which matches the HOI policy we have in the file.       Reviewer Comment (2025-03-12): Corrected CD prior to reporting.


Buyer Comment (2025-03-10): Rebuttal Memo
   03/12/2025   2 C B C B C B C B C B   IL Primary Purchase Provide the following: Letter of Explanation notifying borrower or error and Corrected CD C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. Seller's Closing Disclosure shows $[redacted] in seller paid closing costs, borrower's final Closing Disclosure shows $[redacted]       Reviewer Comment (2025-03-21): [redacted]  received Seller CD.
 03/21/2025     1 A A A A A A A A A A   IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided   Gift letter missing in loan file.       Reviewer Comment (2025-03-07): Gift letter received and verified. Exception cleared


Buyer Comment (2025-03-06): Please see gift letter uploaded today
 03/07/2025     1 C A C A C A C A C A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [ewdacted] Cure TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of $[redacted] plus [redacted] or $[redacted].  Sufficient or excess cure was provided to the borrower.         Reviewer Comment (2025-03-03): Sufficient Cure Provided within [redacted] Days of Closing
   03/03/2025   1 A A A A A A A A A A   IL Primary Purchase Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Attorney's Fee (Closing Agent Only).  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Fee added on initial CD with no VCC showing reason for new fee.       Reviewer Comment (2025-03-26): [redacted] received Post CD and LOX by moving fee to section H.


Buyer Comment (2025-03-25): [redacted]
 03/26/2025     1   A   A   A   A   A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of [redacted] plus [redacted]or [redacted].  Insufficient or no cure was provided to the borrower. sufficient cure provided at closing       Reviewer Comment (2025-03-21): Sufficient cure provided at closing.
   03/21/2025   2   B   B   B   B   B   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222968966 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1   A   A   A   A   A   IL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
222969473 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document ACH was missing from file.   Primary borrower is a [redacted], ACH not provided in file.,       Reviewer Comment (2025-03-07): Received ACH Verification. Exception Cleared.


Buyer Comment (2025-03-06): ACH form
 03/07/2025     1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Articles of Organization/Formation is missing for borrowing business entity.       Reviewer Comment (2025-03-10): Articles of Organization/Formation is provided for [redacted]. Exception cleared.


Buyer Comment (2025-03-10): Articles of Organization
 03/10/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing for borrowing business entity.       Reviewer Comment (2025-03-10): Certificate of Good Standing is provided for [redacted]. Exception Cleared.


Buyer Comment (2025-03-10): Certificate of Good Standing
 03/10/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing for borrowing business entity.       Reviewer Comment (2025-03-19): Received unanimous Consent and Resolution document. Exception Cleared.


Buyer Comment (2025-03-18): Unanimous Consent


Reviewer Comment (2025-03-10): Provided corporate resolution has loan amount of [redacted] however, note document is reflecting loan amount of [redacted] Require updated corporate resolution with correct loan amount [redacted]


Buyer Comment (2025-03-10): Unanimous Consent & Resolution to Borrower
 03/19/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) is missing for borrowing business entity.       Reviewer Comment (2025-03-10): Employer Identification Number (EIN) is provided for [redacted] Exception Cleared.


Buyer Comment (2025-03-10): EIN
 03/10/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing for borrowing business entity.       Reviewer Comment (2025-03-10): Operating Agreement is provided for [redacted]. Exception Cleared.


Buyer Comment (2025-03-10): Operating Agreement


Buyer Comment (2025-03-10): EIN
 03/10/2025     1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222974135 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request due to lack of management. experience and borrower not owning his own primary home, with a [redacted] under [redacted]%. Per Guides, under a [redacted]% LTV with over [redacted] Mid score, there is no minimum [redacted] requirement at origination for lack of management. experience and borrower not owing his own primary home, with a [redacted] under [redacted]%. Lender exception with COUNTEROFFER [redacted]% LTV Max, Minimum [redacted] [redacted], Borrower to acknowledge the property is subject to a post closing inspection to be tenant occupied not by any family members, UW to review a LOE from borrowed to giving an explanation on how they will manage the property while living in another country Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-18): Client elects to waive with comp factors.


Buyer Comment (2025-03-14): Please see pg [redacted]. "[redacted]"


Reviewer Comment (2025-03-12): Exception form provided as well as exception email however email reflects lender exception is not approved.


Buyer Comment (2025-03-10): Please see Exception [redacted] or advise what you are needing. Exception was approved.
     03/18/2025 2 C B C B C B C B C B   MA Investment Purchase   C B C B     A A   N/A No
222976416 [redacted] [redacted]   XXXX     Credit 1003 Document Error 1003 Borrower(s) is not a [redacted], and the guideline required documentation was not provided. - Lender requested an exception for [redacted] - lack of Visa. Borrower is a tech student and provided an [redacted]Certificate of Eligibility for non-immigration student status that ends on [redacted] which shows his permission to work in the [redacted]. This confirms he is an international student that has been accepted into a study program and is eligible to apply for an [redacted] student VISA however he does not have a Visa. This does not meet the guideline requirement of holding an eligible visa, so we are looking for an exception to proceed in using the [redacted] and to advise on any other applicable documentation requirements. CPA letter confirms he has been self-employed for [redacted] years and we have [redacted] months of bank statement used to calculate income. Residual income is $[redacted], he has [redacted] months of post-closing reserves, using all own funds for closing which incudes the sale of a home sold in[redacted] confirmed with copy of settlement statement.
Compensating factors:
FICO [redacted] points or more above requirement.
Residual Income $[redacted]k or more.
Long term Employment (>[redacted] years)
Minimal Consumer Debt.
Provided [redacted] months bank statements.

The exception was approved with -[redacted] exception LLPA.
Exception conditions:
Max [redacted]% LTV/CLTV.
Subject to meeting all other signature expanded guideline requirements.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-05): Lender approved exception with comp factors
     03/05/2025 2 B B B B B B B B B B   CA Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222976416 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   [redacted] and Approval are missing.       Reviewer Comment (2025-03-10): Exception Cleared; Approval document is received.


Buyer Comment (2025-03-07): Approval
 03/10/2025     1 C A C A C A C A C A   CA Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222976416 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Passport not provided   Guidelines require Valid passport and Visa. Exception is in file for the lack of a VISA; however, a valid passport is still required.       Reviewer Comment (2025-03-18): Passport received. Details verified and associated. Exception cleared.


Buyer Comment (2025-03-17): Passport
 03/18/2025     1 C A C A C A C A C A   CA Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222976783 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Missing Document: Mortgage Insurance Certificate (MIC) not provided   Mortgage Insurance Certificate is missing.       Reviewer Comment (2025-03-18): Mortgage Insurance is not required as per the guidelines exception cleared.


Buyer Comment (2025-03-17): See Docs


Reviewer Comment (2025-03-13): Unable to clear. First payment letter reflects an amount of [redacted] for mortgage insurance. Loan file also contains documents and disclosures for PMI.


Buyer Comment (2025-03-11): Please cancel. Per [redacted] guides [redacted]) - mortgage insurance is NOT required.
 03/18/2025     1 C A C A C A C A C A   WA Second Home Purchase   C B C A C B A A Non QM Non QM No
222976783 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   The Hazard Insurance Policy Effective Date is after the later of the disbursement date.       Reviewer Comment (2025-03-17): Cleared. Loan disbursed[redacted]


Buyer Comment (2025-03-17): Please see email confirmation from title. Funds disbursed on [redacted]


Reviewer Comment (2025-03-11): Exception Remains - As per the final CD the disbursement date is [redacted] and effective date is post disbursement date. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation.


Buyer Comment (2025-03-10): Please see [redacted] with Disbursement date of [redacted] which matches effective date.
 03/17/2025     1 C A C A C A C A C A   WA Second Home Purchase   C B C A C B A A Non QM Non QM No
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. Mortgage insurance verification is missing to verify the payment.       Reviewer Comment (2025-03-21): Upon further review escrow is acceptable.


Buyer Comment (2025-03-20): First Payment Letter


Reviewer Comment (2025-03-19): Loan file is missing Private Mortgage Insurance Certificate.  Please supply the certificate for review.


Buyer Comment (2025-03-18): IEAD [redcated]


Reviewer Comment (2025-03-14): [redacted] received Correctd CD & LOE.  However, loan file documentation did not include a Mortgage Insurance Certficate.  IEAD also reflects MI being escrowed but missing MI Cert.


Buyer Comment (2025-03-13): Please see attached
 03/21/2025     1 C A C A C A C A C A   WA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C A C B A A Non QM Non QM Yes
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. Mortgage insurance verification is missing to verify the payment.       Reviewer Comment (2025-03-21): Upon further review escrow is acceptable.


Buyer Comment (2025-03-20): Initial Escrow Account Disclosure Statement


Reviewer Comment (2025-03-19): Loan file is missing Private Mortgage Insurance Certificate.  Please supply the certificate for review.


Buyer Comment (2025-03-18): FPL [redcated]


Reviewer Comment (2025-03-14): [redacted] received Correctd CD & LOE.  However, loan file documentation did not include a Mortgage Insurance Certficate.  IEAD also reflects MI being escrowed but missing MI Cert.


Buyer Comment (2025-03-13): Please see attached
 03/21/2025     1 C A C A C A C A C A   WA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C A C B A A Non QM Non QM Yes
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Mortgage Insurance Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted]disclosed a mortgage insurance payment for payment stream [redacted] that does not match the actual payment for the loan. Mortgage insurance verification is missing to verify the payment.       Reviewer Comment (2025-03-21): [redacted]  received [redacted] , LOE, Copy of Refund Check and Proof of Mailing.


Buyer Comment (2025-03-20): See uploads there is not MI.


Reviewer Comment (2025-03-19): Loan file is missing Private Mortgage Insurance Certificate.  Please supply the certificate for review.


Buyer Comment (2025-03-18): See upload


Reviewer Comment (2025-03-14): [redacted] received Correctd CD & LOE.  However, loan file documentation did not include a Mortgage Insurance Certficate.  IEAD also reflects MI being escrowed but missing MI Cert.


Buyer Comment (2025-03-13): Please see attached
   03/21/2025   2 C B C B C B C B C B   WA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Fixed Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan. Mortgage insurance verification is missing to verify the payment.       Reviewer Comment (2025-03-21): [redacted] received [redacted] , LOE, Copy of Refund Check and Proof of Mailing.


Buyer Comment (2025-03-20): See uploads there is no MI.


Reviewer Comment (2025-03-19): Loan file is missing Private Mortgage Insurance Certificate.  Please supply the certificate for review.


Buyer Comment (2025-03-18): See upload


Reviewer Comment (2025-03-14): [redacted] received Correctd CD & LOE.  However, loan file documentation did not include a Mortgage Insurance Certficate.  IEAD also reflects MI being escrowed but missing MI Cert.


Buyer Comment (2025-03-13): Please see attached
   03/21/2025   2 C B C B C B C B C B   WA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]t Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Settlement / Closing / Escrow Fee on closing disclosure is $[redacted]and on loan estimate $[redacted]. No Valid Change circumstance in file.       Reviewer Comment (2025-03-21): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-20): Cure Docs


Reviewer Comment (2025-03-14): [redacted] received [redacted] and LOE updating recording fee. But the inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As all the title fee was included in section B of the most recent LE, the consumer was not allowed to shop, a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-13): Please see attached
   03/21/2025   2 C B C B C B C B C B   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222976783 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Recording Service Fee on closing disclosure is $[redacted] and on loan estimate $[redacted]. No Valid Change circumstance in file.       Reviewer Comment (2025-03-21): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-20): See Upload


Reviewer Comment (2025-03-14): [redacted] received [redacted] and LOE updating recording fee. But the inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As all the title fee was included in section B of the most recent LE, the consumer was not allowed to shop, a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-13): Please see attached
   03/21/2025   2 C B C B C B C B C B   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222976939 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exceptions requested for use of short-term rental income of $[redacted] in appraiser provided document as basis for calculation of [redacted].

[redacted] Lender Exception approved with conditions: [redacted]) Max [redacted]% LTV, [redacted]) Min [redacted] [redacted], [redacted]) Min [redacted] Yr [redacted], [redacted]) Subject to meeting all other Signature Expanded guideline requirements.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-03-05): Preapproved exception
     03/05/2025 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222976939 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested to permit multiple mortgage currently in forbearance.

[redacted] Lender Exception approved with conditions: [redacted]) Max [redacted]% LTV, [redacted]) Min [redacted] [redacted], [redacted]) Min [redacted] Yr [redacted], [redacted]) Subject to meeting all other Signature Expanded guideline requirements.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-03-05): preapproved exception
     03/05/2025 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222976939 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of access to funds is missing to include qualifying assets from a business account. CPA/EA/licensed tax preparer's letter stating that the use of the funds in the transaction will not have a material adverse impact or a Cash Flow Analysis showing positive cash flow for the last [redacted] months is required.       Reviewer Comment (2025-03-26): Received joint account access letter from the business owner confirming borrower has [redacted] access for use of funds for account [redacted]. Exception cleared.


Buyer Comment (2025-03-25): Please see Doc ID [redacted]; Page [redacted]; Uploaded on [redacted] (Revised Access Letter).


Buyer Comment (2025-03-21): Joint access


Reviewer Comment (2025-03-20): The provided Joint account access letter is not for account [redacted]. Exception remains.


Buyer Comment (2025-03-18): Joint Access LOX


Reviewer Comment (2025-03-17): Unable to clear. Per guidelines, The other business owners must provide a joint access letter. A joint access letter is not located in the file.


Buyer Comment (2025-03-13): joint


Reviewer Comment (2025-03-11): As per available operating agreement borrower[redacted] has [redacted] ownership in business [redacted] Require letter of explanation or other evidence to verify [redacted] has [redacted] access to the business account ending [redacted] . Exception Remains.


Buyer Comment (2025-03-10): LOE
 03/26/2025     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222977079 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD (Asset) not provided   File is missing the Closing Disclosure or other documentation to evidence the bridge loan proceeds from the current residence and the terms associated with it.       Reviewer Comment (2025-03-19): [redacted] Closing disclosure received, [redacted] is simultaneously disbursed on [redacted], exception cleared.


Buyer Comment (2025-03-18): see [redacted] that shows the bridge loan proceeds on page [redacted]  and the bridge loan CD see [redacted]---all these documents were in your loan package. please waive all conditions. everything matches up. the [redacted] proceeds were applied to this purchase loan.


Reviewer Comment (2025-03-11): [redacted] closing disclosure received and associated , We would still require source of funds deposited . Exception remains


Buyer Comment (2025-03-10): uploaded HUD for bridge loan
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
222977079 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall finding due missing Closing Disclosure or other documentation to evidence the bridge loan proceeds from the current residence and the terms associated with it.       Reviewer Comment (2025-03-19): [redacted] Closing disclosure received, [redacted] is simultaneously disbursed on [redacted], exception cleared.


Buyer Comment (2025-03-18): see [redacted] that shows the [redacted] proceeds on page [redacted] and the bridge loan CD see [redacted]---all these documents were in your loan package. please waive all conditions. everything matches up. the [redacted] proceeds were applied to this purchase loan.


Reviewer Comment (2025-03-11): [redacted] closing disclosure received and associated , We would still require source of funds deposited . Exception remains


Buyer Comment (2025-03-10): see uploaded HUD for bridge loan
 03/19/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
222977079 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall finding due missing Closing Disclosure or other documentation to evidence the bridge loan proceeds from the current residence and the terms associated with it.       Reviewer Comment (2025-03-19): [redacted] Closing disclosure received, [redacted] is simultaneously disbursed on [redacted], exception cleared.


Buyer Comment (2025-03-18): see [redacted] that shows the [redacted] proceeds on page[redacted] and the bridge loan CD see [redacted]---all these documents were in your loan package. please waive all conditions. everything matches up. the [redacted] proceeds were applied to this purchase loan.


Reviewer Comment (2025-03-11): [redacted] closing disclosure received and associated , We would still require source of funds deposited . Exception remains


Buyer Comment (2025-03-10): see uploaded HUD for bridge loan
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
222977079 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   File is missing the Closing Disclosure or other documentation to evidence the bridge loan proceeds from the current residence and the terms associated with it.       Reviewer Comment (2025-03-19): [redacted] Closing disclosure received, [redacted] is simultaneously disbursed on [redacted], exception cleared.


Buyer Comment (2025-03-18): see [redacted] that shows the[redacted] proceeds on page [redacted] and the[redacted]CD see [redacted]---all these documents were in your loan package. please waive all conditions. everything matches up. the[redacted]proceeds were applied to this purchase loan.


Reviewer Comment (2025-03-11): [redacted] closing disclosure received and associated , We would still require source of funds deposited . Exception remains


Buyer Comment (2025-03-10): see uploaded HUD for bridge loan
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
222977079 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall finding due missing Closing Disclosure or other documentation to evidence the bridge loan proceeds from the current residence and the terms associated with it.       Reviewer Comment (2025-03-19): [redacted]  Closing disclosure received, [redacted]  is simultaneously disbursed on [redacted], exception cleared.


Buyer Comment (2025-03-18): see [redacted] that shows the [redacted] proceeds on page [redacted] and the [redacted] CD see [redacted]---all these documents were in your loan package. please waive all conditions. everything matches up. the [redacted] proceeds were applied to this purchase loan.


Reviewer Comment (2025-03-11): [redacted] closing disclosure received and associated , We would still require source of funds deposited . Exception remains


Buyer Comment (2025-03-10): see uploaded HUD for bridge loan
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
222977215 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Coverage amount not provided on preliminary title.       Reviewer Comment (2025-03-07): Received title supplement document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-03-06): title supplement
 03/07/2025     1 B A B A B A B A B A   CA Investment Purchase   C B C B     A A   N/A No
222977215 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for rental payments made in cash is approved. Please provide the Signature Expanded Exception Request Form reflecting compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-19): Client elects to waive with compensating factors.


Buyer Comment (2025-03-17): exception


Reviewer Comment (2025-03-17): Received the exception request form provided for unacceptable property type and Borrower pays rent by cash directly to landlords bank account however compensating factors are not selected. Please provide form with compensating factors.


Buyer Comment (2025-03-13): exception


Reviewer Comment (2025-03-10): Lender exception form not provided. Exception remains.


Buyer Comment (2025-03-10): Approval


Reviewer Comment (2025-03-10): The Signature Expanded Exception Request Form reflecting compensating factors was not provided and is not located in the file.


Buyer Comment (2025-03-06): Exception
     03/19/2025 2 C B C B C B C B C B   CA Investment Purchase   C B C B     A A   N/A No
222977215 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for gift funds to be used as reserves and[redacted] exchange to be used as down payment is approved.  Please provide the Signature Expanded Exception Request Form reflecting compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-17): Client elects to waive with compensating factors.
     03/17/2025 2 C B C B C B C B C B   CA Investment Purchase   C B C B     A A   N/A No
222977215 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for unique property is approved. Please provide the Signature Expanded Exception Request Form reflecting compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-19): Client elects to waive with compensating factors.
     03/19/2025 2 C B C B C B C B C B   CA Investment Purchase   C B C B     A A   N/A No
222977423 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]t Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. [redacted] Percent Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-18): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-03-17): LOX, PCCD, Fed Ex, Ck Copy
   03/18/2025   2 C B C B C B C B C B   MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222977423 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]t Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted] Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-18): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-03-17): LOX, PCCD, Fed Ex, Ck Copy uploaded
   03/18/2025   2 C B C B C B C B C B   MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222977423 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]t Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted]  Insufficient or no cure was provided to the borrower. Survey Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-12): [redacted]received email confirmation from the seller, and it was confirmed that the Survey fee service was required by Title company and shopped by the borrower and not selected the provider from the list.


Buyer Comment (2025-03-12): Email from Title Agent
 03/12/2025     1 C A C A C A C A C A   MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222978646 [redacted] [redacted]   XXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - No lease agreement in the file.       Reviewer Comment (2025-03-20): Purchase transaction and market rent has been utilized. Lease agreement is not required. Exception cleared.


Buyer Comment (2025-03-18): Please cancel condition; Lease not required as rental income appears on the [redacted]Appraisal (Doc ID [redacted], Page [redacted]); Rent Schedule on file (Appraisal Page[redacted] of [redacted]) was separated from Appraisal (Doc ID[redacted]) when it was sorted in your system.
 03/20/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222978646 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Article of Organization is missing.       Reviewer Comment (2025-03-11): Received


Buyer Comment (2025-03-10): cert of organization
 03/11/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222978646 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of good standing is missing.       Reviewer Comment (2025-03-11): Received


Buyer Comment (2025-03-10): Good standing
 03/11/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222978646 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate resolution is missing.       Reviewer Comment (2025-03-11): Received


Buyer Comment (2025-03-10): Resolution
 03/11/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222978646 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing.       Reviewer Comment (2025-03-11): Received


Buyer Comment (2025-03-10): operating agreement
 03/11/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222978646 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   EIN is missing.       Reviewer Comment (2025-03-11): Received


Buyer Comment (2025-03-10): EIN
 03/11/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222979123 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance coverage of $[redacted] is less than the loan amount and replacement cost.       Reviewer Comment (2025-03-11): Cleared. The policy reflects coverage for both primary dwelling and additional structures. Updated coverage amount to include both.


Reviewer Comment (2025-03-11): Exception Remains - HOI coverage is insufficient by [redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount.


Buyer Comment (2025-03-07): Replacement cost [redacted] insurance dwelling and other structure and farm building is [redacted] which is over the replacement cost
 03/11/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Waterfall due to missing required CPA letter in file. The CPA letter in file is not dated.       Reviewer Comment (2025-03-21): Received CPA letter dated [redacted]. Exception cleared.


Buyer Comment (2025-03-19): CPA letter with date included
 03/21/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Credit Loan Eligibility Guideline Issue Loan Eligibility Housing history reflects lates that do not meet guidelines. - Housing history reflects a total of ___ reported late payments. Lender requested an exception for more than [redacted] on mortgages in last [redacted]months. Borrower has owned his home for [redacted] years and has owned his business for [redacted] years[redacted]different mortgages were[redacted] days past due at different times in the last[redacted] months. All mortgages are current and have never [redacted] days past due per letter from lender. [redacted] year credit history with no other lates but what mentioned already. Assets: $[redacted] - Cash out -[redacted] months for reserves.
Compensating factors:
FICO [redacted] points or more above requirement.
Reserves [redacted]+ months more than requirement.
Long term Employment (>[redacted] years)
Minimal Consumer Debt.
The exception was approved with -[redacted] exception LLPA.
Exception conditions:
Max [redacted]% LTV.
Max DTI [redacted]
[redacted] months Post closing reserves.
UW to request and review an acceptable LOE to explain the lates on the mortgages.
Subject to the loan to be required to sign and agree to use an ACH for our loan payments.
Subject to meeting all other signature closed end second guideline requirements.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-06): Lender approved exception with comp factors.
     03/06/2025 2 B B B B B B B B B B   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing.   [redacted]       Reviewer Comment (2025-04-10): Cleared. Received lender correspondence regarding liability for [redacted]property. Updated taxes and insurance.


Reviewer Comment (2025-04-10): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Address: [redacted], Address: [redacted]
EXCEPTION HISTORY - Exception Explanation was updated on[redacted] PRIOR Exception Explanation: Statement
Statement


Buyer Comment (2025-04-08): The P&I for these properties have been validated with the credit report in file[redacted], along with the letter from CB&S[redacted] identifying which mortgages are tied to which property.


Reviewer Comment (2025-04-08): Required document to verify the P&I for [redacted]. Exception remains.


Buyer Comment (2025-04-07): Please find the attached REO docs along with the updated 1008/1003 to reflect the accurate PITI figures.


Reviewer Comment (2025-04-07): Required document to verify the P&I for [redacted] Exception remains.


Buyer Comment (2025-04-04): This is a Land only Property no HOI required.
 04/10/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing Mortgage statement for REO - [redacted]Ruth Cir, [redacted]Lincoln Rd, CPA letter is not dated.       Reviewer Comment (2025-03-21): Received signed and dated CPA letter.


Reviewer Comment (2025-03-21): Received CPA Letter. Please provide Mortgage statement for [redacted] as unable to verify if tax and insurance are escrowed. Exception remains.


Buyer Comment (2025-03-19): CPA letter with date included has been uploaded
 03/21/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to missing required CPA letter in file. The CPA letter in file is not dated.       Reviewer Comment (2025-03-21): Received signed and dated CPA letter.


Buyer Comment (2025-03-19): CPA letter with date included has been uploaded.
 03/21/2025     1 B A C A B A C A B A   AL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing required CPA letter in file. The CPA letter in file is not dated.       Reviewer Comment (2025-03-21): Received signed/dated CPA letter


Buyer Comment (2025-03-19): CPA letter with date included has been uploaded.
 03/21/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of [redacted] exceeds tolerance of $[redacted] No valid Change of Circumstance in file and the tolerance cure provided at closing was not sufficient to cure all tolerance issues.       Reviewer Comment (2025-03-14): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-13): Rebuttal


Reviewer Comment (2025-03-12): [redacted] No New Document received for increased fee. Also, provided corresponding COC does not give sufficient information on why the fee was increased on final CD. Moreover, Cure provided at closing is insufficient to cure for all the citing [redacted] exception. Provide valid COC for the fee was increased or provide additional cure of [redacted] with cure documents to clear this exception.


Buyer Comment (2025-03-10): Rebuttal
 03/14/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of $[redacted] exceeds tolerance of $[redacted] No valid Change of Circumstance found in the file and the cure provided at closing was not sufficient to cure all tolerance issues.       Reviewer Comment (2025-03-14): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-13): Rebuttal


Reviewer Comment (2025-03-12): [redacted] No New Document received for increased fee. Also, provided corresponding COC does not give sufficient information on why the fee was increased on final CD. Moreover, Cure provided at closing is insufficient to cure for all the citing [redacted] exception. Provide valid COC for the fee was increased or provide additional cure of[redacted] with cure documents to clear this exception.


Buyer Comment (2025-03-10): Rebuttal
 03/14/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing required CPA letter in file. The CPA letter in file is not dated.       Reviewer Comment (2025-03-21): Received signed and dated CPA letter.


Buyer Comment (2025-03-19): CPA letter with date included has been uploaded.
 03/21/2025     1 C A C A C A C A C A   AL Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-14): Sufficient Cure Provided At Closing
   03/14/2025   1   A   A   A   A   A   AL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
222979123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-14): Sufficient Cure Provided At Closing
   03/14/2025   1   A   A   A   A   A   AL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
222979174 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of[redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees of $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%).  Non-Compliant High Cost Loan.         Reviewer Comment (2025-03-26): Corrected data entry for Title co fees paid to lender affiliate instead of third party.


Buyer Comment (2025-03-24): HPML Rebuttal
 03/26/2025     1 C A C A C A C A C A   IN Primary Refinance - Cash-out - Other (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B B B C B A A Non QM Non QM Yes
222979174 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: LTV . Max [redacted] LTV
[redacted] only primary cash out. Borrower owns no additional properties. Borrower has owned the primary/subject for [redacted] years. BK seasoned is greater than[redacted]years as of application date. Borrower paying personal debt to qualify. Proceeds from cash out are the equivalent of [redacted] months reserves. Exception is requested to continue with an LTV is greater [redacted]%.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.		 Exception approved with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-06): Exception approved with comp factors.
     03/06/2025 2 B B B B B B B B B B   IN Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
222979174 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. File does not contain a valid Change of Circumstance for the increased fee and there was no evidence of a tolerance cure.       Reviewer Comment (2025-03-24): [redacted] received a valid COC.


Buyer Comment (2025-03-21): Rebuttal


Buyer Comment (2025-03-21): COC
 03/24/2025     1 C A C A C A C A C A   IN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
222979174 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Compliance High Cost Indicator Test Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file.         Reviewer Comment (2025-03-28): Client elects to waive.
     03/28/2025 2   B   B   B   B   B   IN Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
222979216 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ Hazard Insurance Policy Effective Date [redacted]which is after the note date of[redacted]       Reviewer Comment (2025-03-20): Cleared. Received PCCD and escrow disclosure reflecting correct insurance premium.


Buyer Comment (2025-03-19): PCCD, LOX, First Payment Letter & Escrow Disclosure due to HOI Change.


Buyer Comment (2025-03-18): Updated 1008 and 1003 with correct HOI


Reviewer Comment (2025-03-14): Provided hazard insurance document covering the note date but premium amount[redacted] not matching with lender value. Exception remains.


Buyer Comment (2025-03-13): Binder


Reviewer Comment (2025-03-07): Funding date as per final closing disclosure is dated [redacted] which is prior to effective date. Exception remains


Buyer Comment (2025-03-06): Funding date is after the [redacted] so its valid.
 03/20/2025     1 C A C A C A C A C A   NJ Primary Purchase   C B C A C B A A Non QM Non QM No
222979216 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted] due to Loan Discount Points. No valid COC provided.       Reviewer Comment (2025-03-19): [redacted] Received Valid COC dated[redacted] for pricing change.


Buyer Comment (2025-03-18): COC + Pricing Email


Reviewer Comment (2025-03-18): [redacted] received cure for[redacted], however no cure for loan discount point increase provided. Please provide valid COC for increase or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-03-17): PCCD/LOX/CURE/FEDEX
 03/19/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222979216 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by [redacted]due to Appraisal Review Fee. No valid COC provided.       Reviewer Comment (2025-03-18): [redacted] received PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-03-17): PCCD/LOX/CURE/FEDEX uploaded for review.
   03/18/2025   2 C B C B C B C B C B   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222979216 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted] due to Credit Report Fee. No valid COC provided.       Reviewer Comment (2025-03-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-13): **Invalid Stip -[redacted] LC is on Final CD/Sec J
 03/17/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Disclosed Finance Charges are $[redacted]. Due Diligence Finance Charges are $[redacted]. There is a variance of $[redacted]       Reviewer Comment (2025-03-21): Upon further the Amount Financed was correctly disclosed to consumer


Buyer Comment (2025-03-20): Explanation


Reviewer Comment (2025-03-19): [redacted] received rebuttal and explanation on fee.  Please provide confirmation that the service noted is service related to clear up "title or encumbrance" issues required to clear title or issue title insurance.
 Per lender information it appears that related to services to monitor that the liens (on the private lender) have been discharged prior to closing. [redacted] can then review to confirm would be excluded from finance charge.


Buyer Comment (2025-03-17): TRID Rebuttal


Reviewer Comment (2025-03-10): [redacted] reviewed lender commpliance report.  It appears lender did not include the [redacted] Title-Discharge Tracking Fee.  Underdisclosure was [redacted].  Cure with Corrected CD, LOE to borrower, copy of cure refund for[redacted], proof of mailing and proof of reopening of rescission to all consumers.


Buyer Comment (2025-03-07): The amount financed on the Final Mavent on Page [redacted][redacted]and Final CD Match Pg [redacted][redacted]


Buyer Comment (2025-03-07): The finance charge on the Final Mavent on Page [redacted][redacted]and Final CD Match Pg [redacted] [redacted]
 03/21/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Disclosed Finance Charges are $[redacted]. Due Diligence Finance Charges are $[redacted] There is a variance of $[redacted]       Reviewer Comment (2025-03-21): Upon further review finance charge was correctly disclosed to consumer


Buyer Comment (2025-03-20): The email provided from the title states that it's to track the discharges of private mortgages that will clear those encumbrances from title.  Please see email uploaded


Reviewer Comment (2025-03-19): [redacted] received rebuttal and explanation on fee.  Please provide confirmation that the service noted is service related to clear up "title or encumbrance" issues required to clear title or issue title insurance.
 Per lender information it appears that related to services to monitor that the liens (on the private lender) have been discharged prior to closing. [redacted]can then review to confirm would be excluded from finance charge.


Buyer Comment (2025-03-17): See upload


Reviewer Comment (2025-03-10): [redacted]reviewed lender commpliance report.  It appears lender did not include the [redacted] Title-Discharge Tracking Fee.  Underdisclosure was [redacted].  Cure with Corrected CD, LOE to borrower, copy of cure refund for [redacted], proof of mailing and proof of reopening of rescission to all consumers.


Buyer Comment (2025-03-07): The finance charge on the Final Mavent on Page [redacted][redacted]and Final CD Match Pg [redacted][redacted]
 03/21/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four [redacted] business days prior to closing. No documentation in file to evidence receipt of the revised Loan Estimate and the presumed receipt date would not have been at least [redacted] business days prior to closing.       Reviewer Comment (2025-03-10): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-03-07): Proof revised LE sent to borrower.
 03/10/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus[redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             03/04/2025   1 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             03/04/2025   1 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
222979261 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             03/04/2025   1 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
222979267 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Provide the third party verification from CPA/EA/licensed tax preparer letter or operating agreement must be provided validating the ownership interest in the business within [redacted] days of the note date. The current documentation in the file does not verify the borrower's ownership percentage.       Reviewer Comment (2025-03-18): The required documentation provided in loan file.  Exception cleared.


Reviewer Comment (2025-03-14): The available third-party verification document in file does not reflect ownership percentage we would require documentation reflecting ownership percentage within [redacted]days of the note date. Exception remains


Buyer Comment (2025-03-13): The same information was provided with the shipping package, please see page [redacted]/ [redacted], online [redcated]rd party verification from [redacted] (data was pulled from the [redacted]Dept of State, as seen on top of page). The bottom of the page confirms only one Articles of Organization on file, from [redacted], with the inception of the business.


Reviewer Comment (2025-03-13): Entity information from department of state received but dated after the note of [redacted]. Verification document should be within [redacted]days prior to the note date. Exception remains.


Buyer Comment (2025-03-12): Please see the [redacted]Dept of State Business Entity details that were provided with the previous rebuttal (now under [redacted]). It shows that the only Articles of Organization are from the inception of the business back in [redacted]. Meaning, there have been no changes since, and thus, the borrower is still the sole member / owner.


Reviewer Comment (2025-03-12): Employer identification document received shows Sole member , But the document received is of year [redacted]. We would require ownership percentage in business document within [redacted]days prior to the note date. Exception remains


Buyer Comment (2025-03-11): Attached is a rebuttal for the conditions surrounding the evidence of borrower ownership percentage in the business - [redacted] and waterfall [redacted]
 03/18/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
222979267 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Provide the third party verification from CPA/EA/licensed tax preparer letter or operating agreement must be provided validating the ownership interest in the business within [redacted] days of the note date.       Reviewer Comment (2025-03-18): The required documentation provided in loan file.  Exception cleared.


Reviewer Comment (2025-03-14): The available third-party verification document in file does not reflect ownership percentage we would require documentation reflecting ownership percentage within [redacted]days of the note date. Exception remains


Buyer Comment (2025-03-13): The same information was provided with the shipping package, please see page [redacted]/ [redacted], online [redcated]rd party verification from[redacted] (data was pulled from the [redacted]Dept of State, as seen on top of page). The bottom of the page confirms only one Articles of Organization on file, from [redacted], with the inception of the business.


Reviewer Comment (2025-03-13): Entity information from department of state received but dated after the note of [redacted] Verification document should be within [redacted]days prior to the note date. Exception remains.


Buyer Comment (2025-03-12): Please see the [redacted]Dept of State Business Entity details that were provided with the previous rebuttal (now under [redacted]). It shows that the only Articles of Organization are from the inception of the business back in [redacted]. Meaning, there have been no changes since, and thus, the borrower is still the sole member / owner.


Reviewer Comment (2025-03-12): Employer identification document received shows Sole member , But the document received is of year [redacted]. We would require ownership percentage in business document within [redacted]days prior to the note date. Exception remains


Buyer Comment (2025-03-11): see the uploaded rebuttal for the conditions surrounding the evidence of borrower ownership percentage in the business -[redacted] and waterfall[redacted]
 03/18/2025     1 B A C A B A C A B A   NJ Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
222979267 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Provide the third party verification from CPA/EA/licensed tax preparer letter or operating agreement must be provided validating the ownership interest in the business within [redacted] days of the note date.       Reviewer Comment (2025-03-18): The required documentation provided in loan file.  Exception cleared.


Reviewer Comment (2025-03-14): The available third-party verification document in file does not reflect ownership percentage we would require documentation reflecting ownership percentage within [redacted]days of the note date. Exception remains


Buyer Comment (2025-03-13): The same information was provided with the shipping package, please see page [redacted]/ [redacted], online [redcated]rd party verification from [redacted] (data was pulled from the [redcated] Dept of State, as seen on top of page). The bottom of the page confirms only one Articles of Organization on file, from [redacted], with the inception of the business.


Reviewer Comment (2025-03-13): Entity information from department of state received but dated after the note of[redacted] Verification document should be within [redacted]days prior to the note date. Exception remains.


Buyer Comment (2025-03-12): Please see the [redacted]Dept of State Business Entity details that were provided with the previous rebuttal (now under [redacted]). It shows that the only Articles of Organization are from the inception of the business back in [redacted]. Meaning, there have been no changes since, and thus, the borrower is still the sole member / owner.


Reviewer Comment (2025-03-12): Employer identification document received shows Sole member , But the document received is of year [redacted]. We would require ownership percentage in business document within [redacted]days prior to the note date. Exception remains


Buyer Comment (2025-03-11): see the uploaded rebuttal for the conditions surrounding the evidence of borrower ownership percentage in the business - [redacted] and waterfall[redacted].
 03/18/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
222979267 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted] business days prior to closing. No documentation in file to evidence receipt by the borrower and the presumed receipt date would not have been at least [redacted] business days prior to closing.       Reviewer Comment (2025-03-11): Delivery receipt provided. Exception cleared.


Buyer Comment (2025-03-10): uploaded LE [redacted]delivery
 03/11/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
222979267 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Cure provided and no valid COC provided.       Reviewer Comment (2025-03-04): Sufficient Cure Provided At Closing
   03/04/2025   1 A A A A A A A A A A   NJ Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
222979267 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Provide the third party verification from [redacted]/licensed tax preparer letter or operating agreement must be provided validating the ownership interest in the business within[redacted] days of the note date.       Reviewer Comment (2025-03-18): The required documentation provided in loan file.  Exception cleared.


Reviewer Comment (2025-03-14): The available third-party verification document in file does not reflect ownership percentage we would require documentation reflecting ownership percentage within [redacted]days of the note date. Exception remains


Buyer Comment (2025-03-13): The same information was provided with the shipping package, please see page [redacted]/ [redacted], online 3rd party verification from [redacted] (data was pulled from the [redacted]Dept of State, as seen on top of page). The bottom of the page confirms only one Articles of Organization on file, from [redacted], with the inception of the business.


Reviewer Comment (2025-03-13): Entity information from department of state received but dated after the note of [redacted]. Verification document should be within [redacted]days prior to the note date. Exception remains.


Buyer Comment (2025-03-12): Please see the [redacted]Dept of State Business Entity details that were provided with the previous rebuttal (now under [redacted]). It shows that the only Articles of Organization are from the inception of the business back in [redacted]. Meaning, there have been no changes since, and thus, the borrower is still the sole member / owner.


Reviewer Comment (2025-03-12): Employer identification document received shows Sole member , But the document received is of year [redacted]. We would require ownership percentage in business document within [redacted]days prior to the note date. Exception remains


Buyer Comment (2025-03-11): see the uploaded rebuttal for the conditions surrounding the evidence of borrower ownership percentage in the business - [redacted] and waterfal[redacted]
 03/18/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
222979270 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing Evidence of Access to funds for Borrower.       Reviewer Comment (2025-03-14): Evidence of Access to funds received for Account # [redacted]. Exception cleared


Buyer Comment (2025-03-13): Access Letter
 03/14/2025     1 C A C A C A C A C A   CO Investment Purchase   C A C A A A A A N/A Exempt from ATR No
222979270 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Waterfall due to Missing required Evidence of Access to business funds for Borrower.       Reviewer Comment (2025-03-21): Evidence of Access to Funds document received and associated. Exception Cleared.


Buyer Comment (2025-03-20): Access Letter


Reviewer Comment (2025-03-17): Exception History [redacted] - Evidence of Access to funds is required for Account #[redacted]and #[redacted]- Exception Remains.


Buyer Comment (2025-03-14): Please clear, letter provided with condition ID [redacted]


Reviewer Comment (2025-03-14): Evidence of Access to funds received for Account # [redacted]. However, Evidence of Access to funds for Account # [redacted]and [redacted]is still missing . Exception remains
 03/21/2025     1 C A C A C A C A C A   CO Investment Purchase   C A C A A A A A N/A Exempt from ATR No
222979270 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Waterfall due to Missing required Evidence of Access to business funds for Borrower.       Reviewer Comment (2025-03-21): Evidence of Access to Funds document received and associated. Exception Cleared.


Buyer Comment (2025-03-20): Access Letter


Reviewer Comment (2025-03-14): Evidence of Access to funds received for Account # [redacted]. However, Evidence of Access to funds for Account # [redacted]and [redacted]is still missing . Exception remains
 03/21/2025     1 C A C A C A C A C A   CO Investment Purchase   C A C A A A A A N/A Exempt from ATR No
222979270 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Waterfall due to Missing required Evidence of Access to business funds for Borrower.       Reviewer Comment (2025-03-21): Evidence of Access to Funds document received and associated for all these accounts. Exception Cleared.


Reviewer Comment (2025-03-14): Evidence of Access to funds received for Account # [redacted]. However, Evidence of Access to funds for Account # [redacted]and [redacted]is still missing . Exception remains
 03/21/2025     1 C A C A C A C A C A   CO Investment Purchase   C A C A A A A A N/A Exempt from ATR No
222979351 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Tax verification is missing in the file.       Reviewer Comment (2025-03-11): Tax Certificate is already provided in file. Exception cleared.


Buyer Comment (2025-03-10): Please review Document ID [redacted]for Tax Bill [redacted]
 03/11/2025     1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
222979351 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   DTI > [redacted]%       Reviewer Comment (2025-03-19): Exception cleared - The Rental income calculation has been corrected and updated [redacted] as required.


Buyer Comment (2025-03-19): Rebuttal and revised docs
 03/19/2025     1   A   A   A   A   A   NJ Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
222979354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]  Insufficient or no cure was provided to the borrower. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-19): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.


Buyer Comment (2025-03-18): check


Reviewer Comment (2025-03-18): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Final Settlement statement. However, copy of refund check to borrower was not located in trailing documents. Also, Final SS does not reflect the lender credit amount. Copy of refund check is required to borrower to complete remediation.


Buyer Comment (2025-03-14): PCCD
   03/19/2025   2 C B C B C B C B C B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222980526 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of access to fund is missing in file.       Reviewer Comment (2025-03-11): not needed as borrower used funds from [redacted]and [redacted]


Buyer Comment (2025-03-10): Rebuttal
 03/11/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
222980526 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Due to insufficient funds PITIA is [redacted]       Reviewer Comment (2025-03-11): Received rebuttal, borrower wired [redacted] to escrow for EM, but also it originally came from their checking and into their savings for a paper trail


Buyer Comment (2025-03-10): Rebuttal
 03/11/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
222980526 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-04): Updated data input for STR. Condition cleared.


Buyer Comment (2025-04-02): Please update/correct the subject rental income to match with the short term rental market rents supported by the appraisal and appraiser's comments[redacted] /mo, as to correct the [redcated]. The loan summary is showing subject rental income of only[redacted] /mo and not sure where that figure is coming from. Thank you!
 04/04/2025     1   A   A   A   A   A   NJ Investment Purchase   C A C A     A A   N/A No
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-03-11): Appraisal delivery confirmation provided. Exception cleared.


Buyer Comment (2025-03-11): [redacted] Appraisal Delivery Confirmation
 03/11/2025     1 B A B A B A B A B A   NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]  Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]  exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee increased to [redacted] without a valid change of circumstance, cure was provided.       Reviewer Comment (2025-03-19): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-03-18): PCCD with Cure
   03/19/2025   2 C B C B C B C B C B   NJ Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Fee increased to [redacted] without a valid change of circumstance, cure was provided.       Reviewer Comment (2025-03-19): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.
 03/19/2025     1 C A C A C A C A C A   NJ Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222981388 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The Calculated investor qualifying total debt ratio is [redacted] getting higher, The reason for other debt increasing [redacted]       Reviewer Comment (2025-03-13): Received revised 1003 and 1008 and Asset utilization worksheet, as per these documents borrower is also using passive asset utilization income for qualifying purpose, information validated accordingly DTI Discrepancy resolved. Exception Cleared.


Buyer Comment (2025-03-12): Passive income
 03/13/2025     1 C A C A C A C A C A   NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay [redacted]: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) The Calculated investor qualifying total debt ratio is [redacted] getting higher, The reason for other debt increasing [redacted]       Reviewer Comment (2025-03-13): Received revised 1003 and 1008 and Asset utilization worksheet, as per these documents borrower is also using passive asset utilization income for qualifying purpose, information validated accordingly DTI Discrepancy resolved. Exception Cleared.
 03/13/2025     1 C A C A C A C A C A   NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. The Calculated investor qualifying total debt ratio is [redacted] getting higher, The reason for other debt increasing [redacted]       Reviewer Comment (2025-03-13): Received revised 1003 and 1008 and Asset utilization worksheet, as per these documents borrower is also using passive asset utilization income for qualifying purpose, information validated accordingly DTI Discrepancy resolved. Exception Cleared.
 03/13/2025     1 C A C A C A C A C A   NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
222981388 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception for loan amount of [redacted]. The max loan amount for this program is[redacted]

Compensating factors:
FICO [redacted] points or more above requirement. FICO score [redacted]
Reserves[redacted]months more than requirement- [redacted] months documented above program guide.
[redacted] below the matrix		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-14): Client elects to waive with compensating factors.


Buyer Comment (2025-03-12): Statements


Buyer Comment (2025-03-12): 1003


Buyer Comment (2025-03-12): 1008


Buyer Comment (2025-03-12): Exception
     03/14/2025 2 C B C B C B C B C B   NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
222981388 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. [redacted] due to DTI       Reviewer Comment (2025-03-13): Received revised 1003 and 1008 and Asset utilization worksheet, as per these documents borrower is also using passive asset utilization income for qualifying purpose, information validated accordingly DTI Discrepancy resolved. Exception Cleared.
 03/13/2025     1 B A C A B A C A B A   NJ Second Home Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
222981399 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception at origination for non warrantable [redacted] project due to investor concentration. Lender exception was approved with [redacted] subject to [redacted]  price adjustment The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Same industry for more than [redacted] years.

Disposable Income: $[redacted]

Same position for more than [redacted] years.

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-18): Client elects to waive with comp factors.


Buyer Comment (2025-03-14): Please advise if documentation is needed
     03/18/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222981399 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Evidence of [redacted] for the property [redacted]       Reviewer Comment (2025-03-12): HOA Verification received and associated. Exception cleared.


Buyer Comment (2025-03-12): HOA
 03/12/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222981399 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Evidence of [redacted]for the property [redacted]       Reviewer Comment (2025-03-17): Hazard Insurance verification document received. Exception Cleared.


Buyer Comment (2025-03-14): REO docs for [redacted]
 03/17/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B A A A A N/A Exempt from ATR No
222981408 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by [redacted] Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2025-04-21): Hazard insurance policy received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-18): updated HOI with coverage of [redacted]


Reviewer Comment (2025-03-11): RCE reflects total cost new as [redacted].  Coverage is only [redacted] Coverage amount is insufficient by [redacted]


Buyer Comment (2025-03-11): see [redacted]that is the replacement cost estimator
 04/21/2025     1 C A C A C A C A C A   MA Investment Purchase   C A C A C A A A N/A Exempt from ATR No
222981408 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-11): Appraisal delivery confirmation provided. Exception cleared.


Buyer Comment (2025-03-11): uploaded appraisal delivery receipt
 03/11/2025     1 B A B A B A B A B A   MA Investment Purchase   C A C A C A A A N/A Exempt from ATR No
222981408 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment).  Determination has not been made as to whether the loan would be High Cost and/or [redacted] if ran as a Primary Residence. The initial loan application for [redacted] of the borrowers indicates they will owner occupy.       Reviewer Comment (2025-03-24): Cleared. Received lender and borrower correspondence, dated prior to closing, reflecting that neither borrower intends to occupy the property.


Buyer Comment (2025-03-20): see response from loan processor as well


Buyer Comment (2025-03-20): confirmation from borrowers not occupying property


Reviewer Comment (2025-03-13): Exception remains, provided 1003's are final copy however required initial 1003 for coborrower as consumer intends to occupy the property as primary marked as Yes.


Buyer Comment (2025-03-12): Final URLA


Buyer Comment (2025-03-12): attestation
 03/24/2025     1 C A C A C A C A C A   MA Investment Purchase   C A C A C A A A N/A Exempt from ATR No
222981414 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-03-26): Received Business Purpose Certificate document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-03-26): Business Cert
 03/26/2025     1 C A C A C A C A C A   IL Investment Purchase   C A C A     A A   N/A No
222981414 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   The subject is in a [redacted]  per the appraisal; [redacted] reflects subject is not in a [redacted]. [redacted] was not attached to the mortgage. Please confirm if the subject is in a voluntary PUD.       Reviewer Comment (2025-03-27): Received PUD rider document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-03-27): Corrected mortgage with PUD Rider


Reviewer Comment (2025-03-26): Please provide updated security instrument which shows PUD rider tix box checked, Exception remains.


Buyer Comment (2025-03-26): Mortgage with LOI to confirm re-recording with signed PUD Rider
 03/27/2025     1 C A C A C A C A C A   IL Investment Purchase   C A C A     A A   N/A No
222981414 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-04): Removed lease amount. Condition cleared.


Buyer Comment (2025-04-02): Per the loan summary, the old lease data from Sept[redacted] ([redacted]/mo) is being used to determine [redcated]for the subject property. It should be calculated based on using [redacted]/mo per appraisal market rents, which is supported by the agent LOE/email in file confirming the property is vacant (which the appraisal also supports/confirms). Please update/correct the current rental income. Thank you.
 04/04/2025     1   A   A   A   A   A   IL Investment Purchase   C A C A     A A   N/A No
222981453 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. [redacted]           Reviewer Comment (2025-03-21): CDA Appraisal document received, and Information updated. Exception Cleared.


Buyer Comment (2025-03-20): CDA


Reviewer Comment (2025-03-12): Exception Remains - On the loan CU score is more than [redacted]. Provide the [redcated] or Consolidated Analytics CCA or AVM supporting value.


Buyer Comment (2025-03-11): the condition for a secondary appraisal is not valid.  We only need one full appraisal per guides for this loan amount.  Please push back
 03/21/2025     1 D A D A D A D A D A   CT Primary Refinance - Rate/Term   D A A A A A D A Non QM Non QM No
222981453 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-05): Sufficient Cure Provided At Closing
   03/05/2025   1 A A A A A A A A A A   CT Primary Refinance - Rate/Term Final CD evidences Cure D A A A A A D A Non QM Non QM Yes
222981453 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure:[redacted] Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Title - Abstract / Title Search was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-05): Sufficient Cure Provided At Closing
   03/05/2025   1 A A A A A A A A A A   CT Primary Refinance - Rate/Term Final CD evidences Cure D A A A A A D A Non QM Non QM Yes
222981813 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. [redacted] proceeds are not sufficient to meet reserve requirement of [redacted] months. Additional assets were not provided. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-03-19): Client elects to waive with comp factors.


Buyer Comment (2025-03-17): Exception


Reviewer Comment (2025-03-12): Investor cash flow section[redacted] Reserve requirement of [redacted]months is required. Exception remains.


Buyer Comment (2025-03-10): *NEW COMMENT* - Please cancel. Per the Signature Expanded guides, [redacted], section [redacted] (Reserves), top of page [redacted] of [redacted], "Reserves are not required for the Investor Cash Flow product."


Buyer Comment (2025-03-10): Please disregard the prior message from [redacted]pm on[redacted], it was submitted in error.


Buyer Comment (2025-03-10): Please cancel. Per Onslow guidelines [redacted], only [redacted] months of subject PITIA is required as reserves when the loan amount is[redacted]. In which case, our subject loan amount is only [redacted] and the borrower closed with [redacted] months of reserves, utilizing the cash-out proceeds - which is also allowable.
     03/19/2025 2 C B C B C B C B C B   OH Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222985674 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing HOA Verification for REO Property [redacted]       Reviewer Comment (2025-03-21): [redacted] Verification received. Exception Cleared.


Buyer Comment (2025-03-19): See [redacted] from sale. [redacted]page shows that the [redacted]fee is [redacted] a month.


Reviewer Comment (2025-03-18): [redacted] [redacted]" is primary residence of the borrower and [redacted] expenses of[redacted]causing [redacted] of [redacted], property may not be on borrower's name, but it seems borrower is handling the expenses. Require [redacted] document to verify the fees. Exception Remains.


Buyer Comment (2025-03-17): Please see [redacted]or [redacted] Property Address at [redacted]is in spouses name only on the note; Debts not included in DTI for this transaction.


Reviewer Comment (2025-03-12): Exception Remains - Required recent document prior to note date to verify [redacted] payment for [redacted] property[redacted] [redacted], Provided document is prior to application dated which is not acceptable.


Buyer Comment (2025-03-11): [redacted]
 03/21/2025     1 C A C A C A C A C A   CO Second Home Purchase   C B C B B A A A Non QM Non QM No
222985674 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-03-14): Appraisal delivery received for all appraisal and [redacted].Exception cleared


Buyer Comment (2025-03-13): [redacted] delivery


Reviewer Comment (2025-03-12): Exception Remains - Provided CDA delivery receipt which is post note dated however it mentioned as[redacted]months ago but date is not mentioned on it to verify.


Buyer Comment (2025-03-11): appraisal delivery
 03/14/2025     1 B A B A B A B A B A   CO Second Home Purchase   C B C B B A A A Non QM Non QM No
222985674 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-03-12): Appraisal delivery receipt of preliminary appraisal received & associated. Exception cleared.


Buyer Comment (2025-03-11): appraisal delivery
 03/12/2025     1 B A B A B A B A B A   CO Second Home Purchase   C B C B B A A A Non QM Non QM No
222985674 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception-[redacted] leasehold on the signature agency program.

Formal exception form was not in file and no compensation Factors were provided.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly mortgage payment has decreased by at least [redacted]%.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The qualifying DTI on the loan is less than or equal to [redacted]%.

The representative FICO score is above [redacted].		 Lender approved exception. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-19): Client elects to waive with comp factors.


Buyer Comment (2025-03-17): exception


Reviewer Comment (2025-03-13): Unable to clear. A lender exception is noted on doc[redacted]however the required Signature Expanded Request form with compensating factors is not located in the file.


Buyer Comment (2025-03-11): Approval
     03/19/2025 2 C B C B C B C B C B   CO Second Home Purchase   C B C B B A A A Non QM Non QM No
222985674 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]  Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2025-03-14): Proof of secondary Valuation delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-13): [redacted] delivery provided


Reviewer Comment (2025-03-12): Received delivery receipt doesn't confirm the date of delivery of the [redacted] Report. Exception remains.


Buyer Comment (2025-03-11): [redacted] delivery
 03/14/2025     1 B A B A B A B A B A   CO Second Home Purchase   C B C B B A A A Non QM Non QM No
222985689 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-25): [redacted] received corrected [redacted] and [redacted] correcting section J cure amount.


Buyer Comment (2025-03-21): Please see attached


Reviewer Comment (2025-03-18): [redacted] received[redacted], however we also require corrected [redacted]and true & certified copy of final settlement statement.


Buyer Comment (2025-03-14): Please see attached


Reviewer Comment (2025-03-13): [redacted]received rebuttal comment that cure was provided on[redacted]. However, the lender credit under section J does not reflect amount under inner column to show [redacted]was provided to offset the under-disclosed fee. Please provide corrected [redacted]showing [redacted] provided for cure along with the [redacted].


Buyer Comment (2025-03-12): The Appraisal Fee variance was included in the increased Lender Credit on [redacted]. Please cancel this condition
   03/25/2025   2 C B C B C B C B C B   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222989872 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Lender's Title Insurance disclosed as [redacted] on Loan Estimate dated [redacted] but disclosed as [redacted] on Final Closing Disclosure. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-19): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected[redacted]


Buyer Comment (2025-03-18): [redacted], [redacted], [redacted], [redacted] Copy
   03/19/2025   2 C B C B C B C B C B   DE Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
222998971 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-03-18): Non-QM Business Purpose Certificate is provided. Exception cleared.


Buyer Comment (2025-03-17): Business Purpose Cert
 03/18/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
222999200 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - The guidelines require [redacted] days of statements to verify assets on a purchase transaction and only [redacted] full month and a partial month was provided in the loan file.       Reviewer Comment (2025-03-20): Additional month statement received.


Buyer Comment (2025-03-19): [redacted]asset
 03/20/2025     1 C A C A C A C A C A   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999200 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   The guidelines require [redacted] days of statements to verify assets on a purchase transaction and only [redacted] full month and a partial month was provided in the loan file.       Reviewer Comment (2025-03-20): Additional month statement received.


Buyer Comment (2025-03-19): [redacted] asset
 03/20/2025     1 C A C A C A C A C A   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted] Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. [redacted] due to missing [redacted]months required bank statement in file. Only [redacted] month was provided.       Reviewer Comment (2025-03-20): Additional month statement received.


Buyer Comment (2025-03-19): [redacted] asset
 03/20/2025     1 B A C A B A C A B A   RI Second Home Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
222999200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay [redacted] There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] due to missing [redacted] months required bank statement in file. Only [redacted] month was provided.       Reviewer Comment (2025-03-20): Additional month statement received.


Buyer Comment (2025-03-19): [redacted] assets
 03/20/2025     1 C A C A C A C A C A   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. No cure and no valid COC provided.       Reviewer Comment (2025-03-21): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-03-20): [redacted] with cure


Reviewer Comment (2025-03-17): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the fee was increased and which additional unanticipated documents needs to be recorded.  In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of [redacted], [redacted]LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-03-13): "Please waive - The fee was increased on the [redacted] [redacted] due to additional unanticipated docs needing recording.  The [redacted]was provided in the initial loan file [redacted]
   03/21/2025   2 C B C B C B C B C B   RI Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
222999200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted] Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted]  business days to closing.       Reviewer Comment (2025-03-13): Client elects to waive.
     03/13/2025 2 B B B B B B B B B B   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted] Based on the loan failing [redacted] or [redacted] guideline components, the loan is at ATR risk. [redacted] due to missing [redacted] months required bank statement in file. Only [redacted] month was provided.       Reviewer Comment (2025-03-20): Additional month statement received.


Buyer Comment (2025-03-19): [redacted] month assets
 03/20/2025     1 C A C A C A C A C A   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999200 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approval to allow non-warrantable [redacted] due to a single entity owner that owns [redacted] out of the [redacted]units in the subject [redacted] project.  Compensating factors of LTV, FICO, long term employment and long term homeownership.  Condition of approval includes max LTV of [redacted] The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 LTV [redacted]% or more under requirement

Long term employment over [redacted] years

Long term employment over [redacted] years

FICO [redacted] points or more above requirement		 Aggregator

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-11): Lender granted exception approval with compensating factors in loan file.
     03/11/2025 2 B B B B B B B B B B   RI Second Home Purchase   C B C B C B A A Non QM Non QM No
222999201 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure:[redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted]  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-06): Sufficient Cure Provided At Closing
   03/06/2025   1 A A A A A A A A A A   NJ Second Home Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223002536 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The file is missing the most recent[redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from [redacted] to [redacted]. The last [redacted]year's [redacted] are provided. Borrower is in the same role in a contractor position as he was as a [redacted]employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment. Meets lender guideline requirements for Recent Conversion from [redacted] to [redacted]


Buyer Comment (2025-03-13): [redacted] IRS tax forms not applicable for this [redacted] app date.
 03/14/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay [redacted] Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. [redacted] due to Missing required most recent [redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from[redacted] to [redacted]. The last [redacted] year's[redacted]are provided. Borrower is in the same role in a contractor position as he was as a [redacted] employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment.


Buyer Comment (2025-03-13): [redacted] IRS tax forms not applicable for this[redacted]app date.
 03/14/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Schedule C Ability to Repay [redacted] Unable to verify Sole Proprietorship income using reasonably reliable third-party records. [redacted] due to Missing required most recent [redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from [redacted]to [redacted]. The last [redacted] year's[redacted]are provided. Borrower is in the same role in a contractor position as he was as a [redacted] employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment.


Buyer Comment (2025-03-13): [redacted] IRS tax forms not applicable for this[redacted]app date.
 03/14/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay [redacted] There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] due to Missing required most recent [redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from [redacted] to [redacted] The last [redcated]year's [redacted] are provided. Borrower is in the same role in a contractor position as he was as a [redacted] employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment. Meets lender guideline requirements for Recent Conversion from[redacted]to [redacted]


Buyer Comment (2025-03-13): [redacted] IRS tax forms not applicable for this[redacted]app date.
 03/14/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay [redacted]: General Ability-to-Repay requirements not satisfied. [redacted] due to Missing required most recent [redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from [redacted]. The last [redcated]year's[redacted] are provided. Borrower is in the same role in a contractor position as he was as a [redacted] employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment.
 03/14/2025     1 A A A A A A A A A A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Revised Loan Estimate Timing Before Closing [redacted] Integrated Disclosure: Revised Loan Estimate provided on[redacted] not received by borrower at least [redacted] business days prior to closing. Loan Estimate provided on [redacted] was not signed and dated.       Reviewer Comment (2025-03-14): [redacted]received proof of receipt.


Buyer Comment (2025-03-13): [redacted]
 03/14/2025     1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223002536 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted] Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. [redacted] due to Missing required most recent [redacted]       Reviewer Comment (2025-03-14): Cleared. Borrower recently converted from [redacted] to [redacted]. The last[redacted] year's [redacted]are provided. Borrower is in the same role in a contractor position as he was as a [redacted]employee.  An independent contract agreement is provided with terms that are customary to their industry and states new terms of employment. Meets lender guideline requirements for Recent Conversion from [redacted]to [redacted].[redacted]years employment in the same line of work prior to the conversion has been verified.


Buyer Comment (2025-03-13): [redacted] IRS tax forms not applicable for this [redacted]app date.
 03/14/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223002548 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved to allow for Title seasoning less than [redacted] months. FICO is [redacted] points over min [redacted] vs [redacted] , DTI is [redacted] vs [redacted] . Residual income is well over [redacted] more than liabilities [redacted]. Borrower purchased property less than [redacted] months ago. The exception was approved with[redacted]exception [redacted]
Exception conditions: [redacted], Verify Primary Residence occupancy and have appraisal and HOI corrected. Lesser of appraised value or purchase price with documented improvements must be used. Unable to waive and regrade based on the file missing the documented improvement, resulting in using the purchase price to calculate [redacted]		       Reviewer Comment (2025-03-21): Cleared. Received lender correspondence documentation confirming that the exception was cancelled.


Buyer Comment (2025-03-19): Please see the exception was cancelled that I uploaded
 03/21/2025     1 C A C A C A C A C A   OH Primary Refinance - Rate/Term   D A C A C A D A Non QM Non QM No
223002548 [redacted] [redacted]   XXXX     Credit Credit General Credit Initial Rate Lock rate date is not documented in file.   File is missing the Initial [redacted] Rate Lock when loan was initially lock on [redacted] with [redacted] Note Rate.       Reviewer Comment (2025-03-18): Received Initial Rate lock document & associated. Exception cleared.


Buyer Comment (2025-03-17): lock form
 03/18/2025     1 C A C A C A C A C A   OH Primary Refinance - Rate/Term   D A C A C A D A Non QM Non QM No
223002548 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure:[redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]   Insufficient or no cure was provided to the borrower. [redacted] Cure was provided for Credit report fee. But it is less than the total cure requirement of [redacted] for Credit Report Fee+ Transfer Tax.       Reviewer Comment (2025-03-18): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-17): **Invalid Stip [redacted] [redacted] already listed on Final CD.
 03/18/2025     1 C A C A C A C A C A   OH Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A C A C A D A Non QM Non QM Yes
223002548 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]  exceeds tolerance of[redacted]  Insufficient or no cure was provided to the borrower. Transfer Tax of [redacted] was added without any valid changed circumstances. Initial disclosures did not disclose any transfer tax and changed circumstances dated [redacted] did not disclose any reason for addition of transfer tax. Sufficient cure was not provided.       Reviewer Comment (2025-03-18): [redacted] received [redacted]


Reviewer Comment (2025-03-18): [redacted] Received [redacted] dated [redacted] stating loan amount increased is not a valid reason to add transfer taxes. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required.  Cure consists of Corrected [redacted], [redacted] to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-17): revised coc[redacted] uploaded
 03/18/2025     1 C A C A C A C A C A   OH Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A C A C A D A Non QM Non QM Yes
223002548 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. [redacted]   CU Score is more than[redacted]and Secondary valuation is not provided.       Reviewer Comment (2025-03-18): Exception cleared. Received [redacted]A report and updated correctly.


Buyer Comment (2025-03-17): cda uploaded
 03/18/2025     1 D A D A D A D A D A   OH Primary Refinance - Rate/Term   D A C A C A D A Non QM Non QM No
223002548 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing [redacted]  Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-18): Sufficient Cure Provided At Closing
   03/18/2025   1   A   A   A   A   A   OH Primary Refinance - Rate/Term Final CD evidences Cure D A C A C A D A Non QM Non QM Yes
223002572 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated total DTI of [redacted] exceeds guideline maximum allowed DTI of [redacted] due to discrepancy in qualifying P&I for subject property. Subject loan is an ARM loan and [redacted] reflects rate of [redacted] P&I of [redacted]  instead of guideline required fully amortized payment of [redacted]       Reviewer Comment (2025-03-20): Income updated as per updated [redacted] and [redacted], exception cleared.


Buyer Comment (2025-03-19): Income docs
 03/20/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223002572 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted] Originator Loan Designation of Non QM does not match [redacted] Loan Designation of ATR Risk. Calculated total DTI of [redacted] exceeds guideline maximum allowed DTI of [redacted] due to discrepancy in qualifying P&I for subject property. Subject loan is an ARM loan and [redacted] reflects rate of [redacted], P&I of [redacted] instead of guideline required fully amortized payment of [redacted], causing an ATR failure.       Reviewer Comment (2025-03-20): Income updated as per updated[redacted] and [redacted] exception cleared.


Buyer Comment (2025-03-19): Income docs
 03/20/2025     1 B A C A B A C A B A   FL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223002572 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted] Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. Calculated total DTI of [redacted] exceeds guideline maximum allowed DTI of [redacted] due to discrepancy in qualifying P&I for subject property. Subject loan is an ARM loan and [redacted] reflects rate of[redacted], P&I of [redacted] instead of guideline required fully amortized payment of [redacted] causing an ATR failure, causing an ATR failure, resulting in a Loan Designation discrepancy.       Reviewer Comment (2025-03-20): Income updated as per updated [redacted]and [redacted], exception cleared.


Buyer Comment (2025-03-19): Income docs
 03/20/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223002572 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay [redacted] The DTI calculated in accordance with the Lenders Guidelines and [redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to [redacted].) Calculated total DTI of [redacted] exceeds guideline maximum allowed DTI of [redacted] due to discrepancy in qualifying P&I for subject property. Subject loan is an ARM loan and [redacted] reflects rate of [redacted] P&I of [redacted]instead of guideline required fully amortized payment of [redacted] causing an ATR failure, causing an ATR failure.       Reviewer Comment (2025-03-20): Income updated as per updated [redacted]and [redacted], exception cleared.


Buyer Comment (2025-03-19): Income docs
 03/20/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223002572 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Revised Loan Estimate Timing Before Closing [redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least[redacted]business days prior to closing. File is missing evidence Loan Estimate dated [redacted] was received by borrower at least [redacted] business days prior to closing.       Reviewer Comment (2025-03-17): [redacted] received proof of receipt.


Buyer Comment (2025-03-14): Disclosure tracking


Reviewer Comment (2025-03-14): [redacted] receive[redacted] [redacted] and proof of electronic receipt.  However, the exception relates to the[redacted]  Please provide any proof of earlier receipt to meet timing requirementrs.


Buyer Comment (2025-03-12): [redacted] RLE with signature receipt
 03/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
223002572 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-07): Sufficient Cure Provided At Closing
   03/07/2025   1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Insurance Verification       Reviewer Comment (2025-04-02): Received updated [redacted] with no expense for the property [redacted]Exception cleared.


Buyer Comment (2025-04-01): Please advise, Corrected [redacted] was uploaded on [redacted]


Buyer Comment (2025-03-24): Corrected [redacted]


Reviewer Comment (2025-03-21): Property [redacted] is updated, final [redacted] and mortgage statement shows no mortgage on borrower's name, however other expenses of [redacted]s taken under DTI ratio, please confirm if property has HOA and it is paid by the borrower or any other expenses paid by the borrower. Exception Remains.


Buyer Comment (2025-03-19): [redacted] with correct Address. Statement and [redacted] still reflect borrower NOT on mortgage but on title.


Reviewer Comment (2025-03-18): Condition remains: As per Final [redacted], REO property ([redacted]) is free and clear, the available mortgage statement is for property [redacted] which is different than what is reported in Final[redacted]. Provide Insurance verification for Property[redacted]


Buyer Comment (2025-03-17): The attached [redacted] docs were included with original delivery. Mortgage statement confirms Taxes and Insurance are escrowed. In addition Tax docs were provided. This confirms that a portion of the escrows are for both taxes and insurance. Please WAIVE conditions
 04/02/2025     1 C A C A C A C A C A   MI Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate [redacted]: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. [redacted] CD indicates a total in section G for the initial escrow payment at closing of [redacted] however, the Initial Escrow Account Disclosure reflects an initial deposit of [redacted]       Reviewer Comment (2025-03-17): Received final CD


Buyer Comment (2025-03-13): CD and [redacted] match. Please advise
 03/17/2025     1 B A B A B A B A B A   MI Primary Refinance - Cash-out - Other If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test [redacted] Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan.       Reviewer Comment (2025-03-17): Received final CD
 03/17/2025     1 A A A A A A A A A A   MI Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Overdisclosed Test [redacted] Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.       Reviewer Comment (2025-03-17): Received final CD
 03/17/2025     1 A A A A A A A A A A   MI Primary Refinance - Cash-out - Other Provide the following: Letter of Explanation notifying borrower or error and Corrected CD C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date [redacted]:  Subject loan transaction disbursed on [redacted] prior to [redacted] [redacted] business days from transaction date of [redacted] Subject loan transaction disbursed on [redacted]  and loan closed [redacted]       Reviewer Comment (2025-03-17): Received final CD


Buyer Comment (2025-03-14): Please provide confirmation. Per the final CD, loan closed on[redacted] and disbursed on [redacted]
 03/17/2025     1 C A C A C A C A C A   MI Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date [redacted]:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). Notice of Right to Cancel occurs [redacted] which is prior to the note date of [redacted]       Reviewer Comment (2025-03-17): Received final CD
 03/17/2025     1 C A C A C A C A C A   MI Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
223005120 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted] tolerance was exceeded by [redacted] due to Appraisal Review Fee. No valid COC provided.       Reviewer Comment (2025-03-17): Received final CD
 03/17/2025     1 C A C A C A C A C A   MI Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223005321 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match [redacted] Loan Designation of ATR Risk. [redacted] due to DTI of [redacted] exceeds the maximum allowed of [redacted]       Reviewer Comment (2025-03-17): AVM and explanation letter received to exclude the PITIA of the departing property, exception cleared.
 03/17/2025     1 B A C A B A C A B A   VA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223005321 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay [redacted] The DTI calculated in accordance with the Lenders Guidelines and [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) The DTI of [redacted] the result of the PITIA in the amount of [redacted] for the property at [redacted] [redacted] reflects pending sale. The loan file does not contain a copy of the purchase contract and/or estimated closing statement to reflect the property is under contract. The full housing payment added into the overall debt       Reviewer Comment (2025-03-17): AVM and explanation letter received to exclude the PITIA of the departing property, exception cleared.
 03/17/2025     1 C A C A C A C A C A   VA Primary Purchase   C A C A C A A A Non QM Non QM No
223005321 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The DTI of [redacted]is the result of the PITIA in the amount of[redacted] for the property at [redacted] reflects pending sale. The loan file does not contain a copy of the purchase contract and/or estimated closing statement to reflect the property is under contract. The full housing payment added into the overall debt       Reviewer Comment (2025-03-17): AVM and explanation letter received to exclude the PITIA of the departing property, exception cleared.


Buyer Comment (2025-03-14): AVM


Buyer Comment (2025-03-14): The property [redacted]is being considered as a departing residence and should not be considered in the ratios.
 03/17/2025     1 C A C A C A C A C A   VA Primary Purchase   C A C A C A A A Non QM Non QM No
223005321 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted] Based on the loan failing one or more guideline components, the loan is at ATR risk. Due to the DTI exceeding the max [redacted]allowed.       Reviewer Comment (2025-03-17): AVM and explanation letter received to exclude the PITIA of the departing property, exception cleared.
 03/17/2025     1 C A C A C A C A C A   VA Primary Purchase   C A C A C A A A Non QM Non QM No
223005346 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-04): Received updated information. Condition cleared.


Buyer Comment (2025-04-03): Please review the HOA dues.  Document in file shows the HOA annual dues for [redacted] annually (as opposed to the inaccurate figure on the appraisal of [redacted].)  Please adjust the PITI which should be [redacted] making the [redacted] [redacted] - Thank you
 04/04/2025     1   A   A   A   A   A   GA Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
223005474 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved to allow use of current appraisesd value to calculate LTV in lieu of recent purchase price.  Compensating factors of FICO and long term homehownership.  Conditions of approval include Minimum[redacted][redacted] and [redacted] year [redacted] required. Unable to downgrade and waive due to missing valid lender compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves [redacted]+ months more than requirement Aggregator,SitusAMC Reviewer Comment (2025-03-18): Lender granted exception approval with compensating factors in loan file.


Buyer Comment (2025-03-14): Compensating Factors- [redacted]. FICO [redacted] points or more above requirement [redacted]. Long Term Homeownership at over [redacted]years. [redacted]. Reserves [redacted]months more than requirement. [redacted]. Excellent payment history since[redacted]. [redacted]. Excellent mortgage payment history since [redacted]
     03/18/2025 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223005474 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2025-03-17): Received Title Commitment with policy amount [redacted] same as loan amount. Exception cleared.


Buyer Comment (2025-03-14): Please see attached
 03/17/2025     1 B A B A B A B A B A   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223005474 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved to allow cash-out refinance of a property owned less than [redacted] months.  Compensating factors of FICO and long term homehownership.  Conditions of approval include Minimum [redacted] and [redacted] required. Unable to downgrade and waive due to missing valid lender compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves [redacted]+ months more than requirement Aggregator,SitusAMC Reviewer Comment (2025-03-18): Lender granted exception approval with compensating factors in loan file.


Buyer Comment (2025-03-14): Compensating Factors- [redacted]
. FICO [redacted]points or more above requirement [redacted]. Long Term Homeownership at over [redacted] years. [redacted]. Reserves [redacted]months more than requirement. [redacted]. Excellent payment history since [redacted]. [redacted]. Excellent mortgage payment history since[redacted]
     03/18/2025 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223005474 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved to allow [redacted] LTV on a vacant property which is normally restricted to [redacted] maximum LTV.  Compensating factors of FICO and long term homehownership.  Conditions of approval include Minimum [redacted] and [redacted] required. Unable to downgrade and waive due to missing valid lender compensating factors. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves [redacted]+ months more than requirement Aggregator,SitusAMC Reviewer Comment (2025-03-18): Lender granted exception approval with compensating factors in loan file.


Buyer Comment (2025-03-14): Compensating Factors- [redacted]
. FICO [redacted] points or more above requirement[redacted]. Long Term Homeownership at over[redacted]years. [redacted]
. Reserves[redacted]months more than requirement. [redacted]
. Excellent payment history since [redacted]. [redacted]
. Excellent mortgage payment history since[redacted]
     03/18/2025 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223005493 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-31): Cleared. Received complete/all pages of  blend report.


Buyer Comment (2025-03-27): Attached delivery tracking confirms that the[redacted] was delivered to the borrower on [redacted]as required.


Buyer Comment (2025-03-20): Compliance report


Reviewer Comment (2025-03-18): Provided Blend report only shows pages [redacted], please provide the full document with [redacted]pages and econsent accepted date.


Buyer Comment (2025-03-17): [redacted]
 03/31/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
223005493 [redacted] [redacted]   XXXX     Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - Lender requested an exception for borrowers have work permits with[redacted] Category and don't expire until [redacted]. Borrowers have excellent credit. Not first-time home buyers. Have owner their current home for [redacted] years. [redacted] DTI, LTV [redacted] under max and significant residual income.
Compensating factors:
Loan to Value [redacted] or more under requirement.
FICO [redacted] points or more above requirement.
Total Debt [redacted] or more under requirements.
Residual Income [redacted] or more.
Long term Homeownership [redacted]
The exception was approved with [redacted] exception [redacted].
Exception conditions:
Immigration attorney letter to comment on status of cancellation of removal and confirming borrower's likelihood of remaining in the US.
Subject to meeting all other signature expanded guideline requirements.		 The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI [redacted]% or more under requirement

Residual Income $[redacted]k or more

FICO [redacted] points or more above requirement		 SitusAMC,Aggregator

SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-12): Lender granted exception approval with compensating factors in loan file.
     03/12/2025 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
223005493 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Evidence of receipt is missing for [redacted] CDA.       Reviewer Comment (2025-03-24): Client elects to waive.


Reviewer Comment (2025-03-18): This is exception requires evidence of delivery for the [redacted] [redacted]. Received confirmation for the primary appraisal reports. Please provide delivery confirmation for the [redacted]


Buyer Comment (2025-03-17): Confirmation appraisal sent to brwr


Reviewer Comment (2025-03-17): Required proof of appraisal delivery sent to borrower for Secondary Valuation -[redacted].Exception remains.


Buyer Comment (2025-03-14): [redacted] Appraisal Delivery
     03/24/2025 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
223005493 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted] Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Evidence of receipt is missing for Preliminary appraisal report dated [redacted]       Reviewer Comment (2025-03-18): Preliminary Appraisal sent on [redacted].


Buyer Comment (2025-03-17): [redacted]Delivery


Reviewer Comment (2025-03-17): Required proof of appraisal delivery was sent to borrower for Primary Valuation - [redacted].Exception remains.


Buyer Comment (2025-03-14): See upload from loan exception ID  [redacted]
 03/18/2025     1 B A B A B A B A B A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
223006045 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request:
Borrower's business is based out of [redacted] : [redacted] unable to find this business on the [redacted] state Website and the website for the business states that they are a sticker Manufacturing business based out of [redacted], [redacted].*** Compensating factor include: strong FICO: borrower provided [redacted]months bank statements for calculation; residual income is over [redacted] borrower has been self employed for [redacted] years and has lived in their current primary for the last [redacted]years; DTI is low; borrower has at least [redacted] months reserves above and beyond what is required [redacted] Condition of approval includes max LTV of [redacted].		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 FICO [redacted] points or more above requirement

Long term employment over [redacted] years

Residual Income $[redacted]k or more

Long term employment over [redacted] years

Reserves [redacted]+ months more than requirement

DTI [redacted]% or more under requirement		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-12): Lender granted exception approval with compensating factors in loan file.
     03/12/2025 2 B B B B B B B B B B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223006045 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The file is missing the [redacted] [redacted] bank statement used to verify the [redacted] month bank statement qualifying income.       Reviewer Comment (2025-03-27): Received the [redacted] bank statement.  Exception cleared.


Buyer Comment (2025-03-26): Missing statement
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223006045 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match [redacted] Loan Designation of ATR Risk. The file is missing the [redacted] bank statement used to verify the [redacted] month bank statement qualifying income.       Reviewer Comment (2025-03-27): Received the [redacted] bank statement.  Exception cleared.


Buyer Comment (2025-03-26): Missing statement
 03/27/2025     1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223006045 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay [redacted] There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The file is missing the [redacted] bank statement used to verify the [redacted] month bank statement qualifying income.       Reviewer Comment (2025-03-27): Received the [redacted] bank statement.  Exception cleared.


Buyer Comment (2025-03-26): Missing statement
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223006045 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]  Based on the loan failing one or more guideline components, the loan is at ATR risk. The file is missing the [redacted] bank statement used to verify the [redacted] month bank statement qualifying income.       Reviewer Comment (2025-03-27): Received the [redacted] bank statement.  Exception cleared.


Buyer Comment (2025-03-26): Missing statement
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223008482 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Appraisal Re-inspection Fee was last disclosed as [redacted]  on the Loan Estimate but disclosed as [redacted]  on Final Closing Disclosure. File does not contain a Valid change of circumstance for this fee, nor evidence of cure in file       Reviewer Comment (2025-03-19): [redacted] received VCC.


Buyer Comment (2025-03-19): [redacted]


Reviewer Comment (2025-03-18): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the appraisal re-inspection fee was added.  In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of[redacted],[redacted], proof of mailing & copy of refund check.


Buyer Comment (2025-03-14): [redacted] with[redacted]
 03/19/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
223008482 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Final Closing Disclosure Amount Financed Test [redacted] Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted]  and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Finance Charge disclosed on Final Closing Disclosure is [redacted]. Due Diligence Finance Charge is[redacted] There is a variance of[redacted]       Reviewer Comment (2025-03-21): [redacted] received attestation that tax cert was not life of loan and one time search


Buyer Comment (2025-03-20): Update


Reviewer Comment (2025-03-19): Tax Cert is being included as a finance charge.  If the Tax Cert fee is a one time fee please provide fee purpose documentation via [redacted].  If Tax Cert fee is a "Life of Loan," service fee it should be included in finance charge calculations and a cure is required.


Buyer Comment (2025-03-18): see uploaded lox and email from title
 03/21/2025     1 C A C A C A C A C A   NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
223008482 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Final Closing Disclosure Finance Charge [redacted] Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted]  compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] Finance Charge disclosed on Final Closing Disclosure is [redacted]. Due Diligence Finance Charge is [redacted] There is a variance of [redacted]       Reviewer Comment (2025-03-21): [redacted] received attestation that tax cert was not life of loan and one time search


Buyer Comment (2025-03-20): Update


Reviewer Comment (2025-03-19): Tax Cert is being included as a finance charge.  If the Tax Cert fee is a one time fee please provide fee purpose documentation via [redacted].  If Tax Cert fee is a "Life of Loan," service fee it should be included in finance charge calculations and a cure is required.


Buyer Comment (2025-03-18): see uploaded lox and email from title
 03/21/2025     1 C A C A C A C A C A   NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
223008485 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for: Requesting an [redacted] LTV-[redacted]
Our borrower is requesting to purchase a [redacted] as a primary residence utilizing full documentation to qualify at an [redacted] LTV. Section[redacted]caps the LTV at [redacted] for a purchase of a [redacted].***Comments from the LO: [redacted] max on a [redacted] , looking for [redacted]. Thanks for your help. Please let me know if I can provided additional info.

Exception has-been approved with compensating factor:
FICO [redacted] points or more above requirement.
Total Debt [redacted] or more under requirement.
Residual Income [redacted] or more.		 Borrower has verified disposable income of at least $[redacted].

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-24): Client elects to waive with comp factors.
     03/24/2025 2 C B C B C B C B C B   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Co-Op Lease Assignment not provided   Co-Op Lease Assignment not provided in file.       Reviewer Comment (2025-03-19): Exception Cleared; Co-Op Lease assignment document is received.


Buyer Comment (2025-03-17): Assignment of Lease.
 03/19/2025     1 C A C A C A C A C A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Co-Op Recognition Agreement not provided   Co-Op Recognition Agreement not provided in file.       Reviewer Comment (2025-03-21): Co-Op Recognition Agreement received and verified. Exception cleared


Buyer Comment (2025-03-20): Missing COOP docs
 03/21/2025     1 C A C A C A C A C A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Co-Op Stock Certificate not provided   Co-Op Stock Certificate not provided in file.       Reviewer Comment (2025-03-21): Co-Op Stock Certificate received and verified. Exception cleared
 03/21/2025     1 C A C A C A C A C A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Co-Op Stock Power not provided   Co-Op Stock Power not provided in file.       Reviewer Comment (2025-03-19): Exception Cleared; Co-Op Stock Power document is received.


Buyer Comment (2025-03-17): Stock Power
 03/19/2025     1 C A C A C A C A C A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   Security Instrument - Subject Lien not provided in file.       Reviewer Comment (2025-03-20): Security Instrument received.


Buyer Comment (2025-03-19): Security Agreement
 03/20/2025     1 D A D A D A D A D A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML [redacted] Higher Priced Mortgage Loan Safe Harbor Test [redacted] appraisal Rule [redacted]: [redacted] requirements not satisfied. [redacted] due to [redacted] [redacted]Non Compliant       Reviewer Comment (2025-03-24): Appraisal transfer letter provided.
 03/24/2025     1 B A B A B A B A B A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. [redacted] Subprime Counseling Disclosure not provided.       Reviewer Comment (2025-03-17): Client elects to waive.
     03/17/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) [redacted] Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. [redacted] Subprime Disclosure not provided.       Reviewer Comment (2025-03-17): Client elects to waive.
     03/17/2025 2 B B B B B B B B B B   NY Primary Purchase Provide the following:  Letter of Explanation,  corrected Mortgage (with required Legend), and proof of mailing.  Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage.). D B D B C B A A Non QM Non QM Yes
223008485 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Provision) New York Subprime Loan (Escrow Not Established) [redacted] Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan.  It also does not apply if the borrower can demonstrate a record of [redacted] months of timely payments of taxes and insurance on a previous home loan.) [redacted] Subprime Escrow Account not provided.       Reviewer Comment (2025-03-17): Client elects to waive.
     03/17/2025 2 B B B B B B B B B B   NY Primary Purchase   D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than [redacted] Year ARM Non-Compliant [redacted] Subprime Loan: [redacted] on subject loan of [redacted] is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]Non-Compliant SubPrime Loan.         Reviewer Comment (2025-03-17): Client elects to waive.
     03/17/2025 2 B B B B B B B B B B   NY Primary Purchase (Limited Use Bona Fide Errors - Compliance and Client Approval Required)  With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier).  Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. D B D B C B A A Non QM Non QM Yes
223008485 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) [redacted]  Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on [redacted], subprime loan. [redacted] Subprime Tax Disclosure not provided.       Reviewer Comment (2025-03-17): Client elects to waive.
     03/17/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure D B D B C B A A Non QM Non QM No
223008485 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Initial CD Issued less than [redacted] days prior to closing       Reviewer Comment (2025-03-18): [redacted]received disclosure tracking for the [redacted] CD.


Buyer Comment (2025-03-17): Initial CD Docs
 03/18/2025     1 C A C A C A C A C A   NY Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
223008495 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   W-[redacted] provided is not signed.       Reviewer Comment (2025-03-28): Provided signed & dated form [redacted]. Exception cleared.


Buyer Comment (2025-03-27): Completed and signed


Reviewer Comment (2025-03-24): Provided Form [redacted] is incomplete. Borrower's details are blank. Exception Remains.


Buyer Comment (2025-03-21): Completed W-[redacted]with Signed [redacted]


Reviewer Comment (2025-03-17): Provided signed Form [redacted] is not filled with all the details of the borrower [redacted] (if applicable) etc. Exception remains.


Buyer Comment (2025-03-14): Signed
 03/28/2025     1 C A C A C A C A D A   NJ Investment Purchase   D A D A     A A   N/A No
223008495 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC search is required for borrowing business entity.       Reviewer Comment (2025-03-17): Received OFAC search result for borrowing business entity. Exception cleared.


Buyer Comment (2025-03-14): OFAC
 03/17/2025     1 C A C A C A C A C A   NJ Investment Purchase   D A D A     A A   N/A No
223008543 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-24): E-sign consent received. Details verified and updated. Exception cleared


Buyer Comment (2025-03-20): Full compliance report. E consent dates page [redacted]


Reviewer Comment (2025-03-18): E-Sign consent date is [redacted] and Loan estimate signed date is [redacted].Provide updated E-Sign document. Exception remains


Buyer Comment (2025-03-17): Please see attached highlighted areas that reflect E-consent dates on original upload


Reviewer Comment (2025-03-17): Provided E-sign agreement doesn't reflect the e-sign date. Exception remains.


Buyer Comment (2025-03-14): E Consent tracking
 03/24/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223008543 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. No COC in file.       Reviewer Comment (2025-03-21): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-20): [redacted]
 03/21/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223008543 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. [redacted]Percent Fee Tolerance exceeded for Survey Fee. No COC in file.       Reviewer Comment (2025-03-21): [redacted] received corrected [redacted]and [redacted]moving the survey fee from section C to H.
 03/21/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223008543 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.       Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1   A   A   A   A   A   FL Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223008543 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for FICO       Reviewer Comment (2025-04-03): Updated qualifying [redacted] score. Condition cleared.


Buyer Comment (2025-04-01): Please update [redacted]to [redacted]
 04/03/2025     1   A   A   A   A   A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223008556 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing for the [redacted] in the file.       Reviewer Comment (2025-03-19): Corporate Resolution received for [redacted] exception cleared


Buyer Comment (2025-03-19): Corporate Resolution
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) is missing for the [redacted] in the file.       Reviewer Comment (2025-03-19): EIN number provided by [redacted] .Exception cleared


Buyer Comment (2025-03-19): EIN Verification
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2025-03-19): PDI provided.


Buyer Comment (2025-03-18): [redacted]D
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2025-03-19): Final title policy is received. Coverage is provided. Exception cleared.
 03/19/2025     1 A A A A A A A A A A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   File is missing Title Preliminary or Title Final report with coverage amount.       Reviewer Comment (2025-03-19): Final title policy is received. Coverage is provided. Exception cleared.


Buyer Comment (2025-03-19): Final Title Policy
 03/19/2025     1 B A B A B A B A B A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Only [redacted]month bank statement provided. As per the guidelines require additional [redacted]month statement.       Reviewer Comment (2025-03-19): Received prior month bank statement in the file. Exception Cleared.


Buyer Comment (2025-03-18): [redacted]
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Only [redacted]month bank statement provided. As per the guidelines require additional [redacted]month statement.       Reviewer Comment (2025-03-19): Received prior month bank statement in the file. Exception Cleared.


Buyer Comment (2025-03-18): [redacted]
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008556 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Only [redacted]month bank statement provided. As per the guidelines require additional [redacted]month statement.       Reviewer Comment (2025-03-19): Received prior month bank statement in the file. Exception Cleared.


Buyer Comment (2025-03-18): Please see combined [redacted]statement uploaded today.
 03/19/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223008561 [redacted] [redacted]   XXXX     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   Appraisal was dated as of[redacted], however Field Review states it's as of [redacted].       Reviewer Comment (2025-03-24): cleared. received updated field review.


Buyer Comment (2025-03-20): Field Review
 03/24/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A A A C A C A Non QM Non QM No
223008561 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least[redacted] business days prior to closing. Missing evidence of [redacted] Loan Estimate receipt, using mailbox method results in late delivery       Reviewer Comment (2025-03-17): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-03-14): Disclosure Tracking
 03/17/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A C A Non QM Non QM No
223008561 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-18): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-17): $[redacted]LC Listed in Sec J Final CD
 03/18/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A C A Non QM Non QM Yes
223008561 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted]exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Attorney Review Fee was last disclosed as [redacted] on Loan Estimate but disclosed as[redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-18): [redacted] received corrected PCCD and LOE moving the fees from section B to C borrower did shop for.


Buyer Comment (2025-03-17): LOX, PCCD
 03/18/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A C A Non QM Non QM Yes
223008561 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-18): Sufficient Cure Provided At Closing
   03/18/2025   1   A   A   A   A   A   NJ Primary Purchase Final CD evidences Cure C A A A C A C A Non QM Non QM Yes
223008579 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-18): E-sign Consent Agreement received and associated. Exception Cleared.


Buyer Comment (2025-03-17): E-Sign Consent Agreement
 03/18/2025     1 C A C A C A C A C A   NV Primary Purchase   C A C A A A A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted] Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-03-31): Client elects to waive.


Buyer Comment (2025-03-18): Please see [redacted]st Appraisal ([redacted] delivered on [redacted]) and [redacted]nd Appraisal ([redacted] delivered on [redacted]).


Buyer Comment (2025-03-18): Please see [redacted] Appraisal ([redacted] delivered on [redacted][redacted]) and [redacted] and Appraisal ([redacted] delivered on [redacted]).


Buyer Comment (2025-03-18): Please see [redacted]st Appraisal ([redacted] delivered on[redacted] ) and [redacted]nd Appraisal ([redacted] delivered on[redacted]).


Buyer Comment (2025-03-18): Please see [redacted]st Appraisal ([redacted] delivered on [redacted]) and [redacted]nd Appraisal ([redacted] delivered on[redacted]).


Reviewer Comment (2025-03-18): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to closing. Provided Appraisal receipt is not sufficient document. Exception remains


Buyer Comment (2025-03-14): appraisal delivery
     03/31/2025 2 B B B B B B B B B B   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted]Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] +[redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].       Reviewer Comment (2025-03-31): Appraisal receipt provided.


Reviewer Comment (2025-03-25): Appraisal provided date of[redacted] with a mailbox receive date of [redacted] is not [redacted] days prior to close. Please provide evidence of earlier receipt.


Buyer Comment (2025-03-21): [redacted] Delivery.


Reviewer Comment (2025-03-21): Reached out to [redacted]via email.


Buyer Comment (2025-03-19): There are [redacted] versions of the[redacted]and Appraisal (Doc ID [redacted], Page [redacted] for[redacted] report and Page [redacted] for [redacted] report). [redacted]nd Appraisal was delivered on [redacted], Please see Doc ID [redacted], Page [redacted].
 03/31/2025     1 C A C A C A C A C A   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-03-19): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.
 03/19/2025     1 C A C A C A C A C A   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-03-21): Appraisal receipt provided.


Reviewer Comment (2025-03-21): Reached out to [redacted] via email.


Buyer Comment (2025-03-19): There are [redacted] versions of the [redacted]nd Appraisal (Doc ID [redacted], Page [redacted]for [redacted] report and Page [redacted]for [redacted]report). [redacted]nd Appraisal was delivered on [redacted], Please see Doc ID [redacted], Page [redacted].
 03/21/2025     1 C A C A C A C A C A   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] tolerance was exceeded by[redacted] due to Appraisal Fee. No valid COC provided, Specific credit of [redacted] has been provided as cure at closing.       Reviewer Comment (2025-03-11): Sufficient Cure Provided At Closing
   03/11/2025   1 A A A A A A A A A A   NC Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Secondary appraisal       Reviewer Comment (2025-03-31): Client elects to waive.


Reviewer Comment (2025-03-31): Appraisal not received by borrower at least [redacted] days prior to close.


Buyer Comment (2025-03-27): Additional proof of Appraisal delivery; Confirmed via borrower response.


Reviewer Comment (2025-03-21): Reached out to [redacted]via email.


Buyer Comment (2025-03-19): There are [redacted] versions of the [redacted]nd Appraisal (Doc ID [redacted], Page [redacted] for [redacted] report and Page [redacted]for[redacted] report). [redacted]nd Appraisal was delivered on [redacted], Please see Doc ID [redacted], Page [redacted].
     03/31/2025 2 B B B B B B B B B B   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.         Reviewer Comment (2025-03-21): Appraisal delivery receipt date updated correctly as per the Appraisal Notice. Exception cleared.


Buyer Comment (2025-03-19): There are [redacted] versions of the [redacted] and Appraisal (Doc ID [redacted], Page [redacted] for [redacted] report and Page [redacted] for [redacted] report). [redacted] and Appraisal was delivered on[redacted], Please see Doc ID [redacted], Page [redacted].
 03/21/2025     1   A   A   A   A   A   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. Proof of appraisal delivery not provided to borrower prior to [redacted] business days of Note date.       Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2   B   B   B   B   B   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Proof of appraisal delivery not provided to borrower prior to [redacted] business days of Note date.       Reviewer Comment (2025-03-31): Appraisal receipt provided.
 03/31/2025     1   A   A   A   A   A   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. Proof of appraisal delivery not provided to borrower prior to[redacted] business days of Note date.       Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2   B   B   B   B   B   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223008582 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation.         Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2   B   B   B   B   B   NC Primary Purchase   C B A A C B A A Non QM Non QM No
223009118 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for: LTV - Requesting up to [redacted] LTV, Max is [redacted]
Borrower lives rent free-will obtain rent free letter, no derogatory credit, minimal usage of debt, all own funds for transaction, months reserves, have P&L and letter from EA, low DTI.

Exception has-been approved with compensating factor:
FICO [redacted]points or more above requirement.
Total Debt [redacted] or more under requirement.
Residual income [redacted] or more
Long Term Employment >[redacted] years
Minimal Consumer Debt.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Same industry for more than [redacted] years.

Disposable Income: $[redacted]

Same position for more than [redacted] years.

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-18): Client elects to waive with comp factors.


Buyer Comment (2025-03-14): See pages [redacted] & [redacted]. Credit exception approval already provided.
     03/18/2025 2 C B C B C B C B C B   TX Primary Purchase   C B C B A A A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted] business days to closing.       Reviewer Comment (2025-03-19): Proof of appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-18): [redacted] Delivery
 03/19/2025     1 B A B A B A B A B A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted] business days to closing.       Reviewer Comment (2025-03-25): Appraisal receipt provided.


Buyer Comment (2025-03-21): Appraisal Delivery


Reviewer Comment (2025-03-21): Received Appraisal notice. On Appraisal notice it is mentioned as appraisal will be emailed to borrower on [redacted]. Required evidence of proof of appraisal delivery sent to borrower. Exception remains.


Buyer Comment (2025-03-20): Appraisal was delivered to borrower via email, as referenced on Doc ID [redacted]/Page [redacted].


Reviewer Comment (2025-03-19): Copy of completed appraisal e-mailed to borrower is not provided in provided document doc id ([redacted]) for preliminary appraisal report date-[redacted].Required evidence of proof of appraisal delivery sent to borrower. Exception remains.


Buyer Comment (2025-03-18): [redacted] Appraisal + [redacted] Delivery
 03/25/2025     1 B A B A B A B A B A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted] or Final Disclosure APR of[redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].       Reviewer Comment (2025-03-25): Appraisal receipt provided.


Buyer Comment (2025-03-21): appraisal delivery
 03/25/2025     1 C A C A C A C A C A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.         Reviewer Comment (2025-03-19): Proof of appraisal delivery received. Details verified and updated. Exception cleared.
 03/19/2025     1 C A C A C A C A C A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-25): Appraisal receipt provided.


Buyer Comment (2025-03-21): Delivery


Reviewer Comment (2025-03-21): Received Appraisal notice. On Appraisal notice it is mentioned as appraisal will be emailed to borrower on [redacted]. Required evidence of proof of appraisal delivery sent to borrower. Exception remains.


Buyer Comment (2025-03-20): Appraisal was delivered to borrower via email, as referenced on Doc ID [redacted]/Page [redacted].
 03/25/2025     1 C A C A C A C A C A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower.         Reviewer Comment (2025-03-18): Client elects to waive.
     03/18/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
223009122 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) [redacted] Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section[redacted]-m of the Banking Law.         Reviewer Comment (2025-03-18): Client elects to waive.
     03/18/2025 2 B B B B B B B B B B   NY Primary Purchase Provide the following:  Letter of Explanation,  corrected Mortgage (with required Legend), and proof of mailing.  Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage.). C B A A C B A A Non QM Non QM Yes
223009122 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Non-Compliant [redacted] Subprime Loan: APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of Prime Mortgage Market Rate[redacted] +[redacted], or [redacted].  Non-Compliant SubPrime Loan.         Reviewer Comment (2025-03-18): Client elects to waive.
     03/18/2025 2 B B B B B B B B B B   NY Primary Purchase (Limited Use Bona Fide Errors - Compliance and Client Approval Required)  With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier).  Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. C B A A C B A A Non QM Non QM Yes
223009122 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) [redacted]Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on [redacted]st lien, subprime loan.         Reviewer Comment (2025-03-18): Client elects to waive.
     03/18/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
223009123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. Appraisal report dated[redacted] missing evidence of receipt.       Reviewer Comment (2025-03-17): Proof of appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-14): There is no appraisal dated [redacted]. Uploaded proof [redacted] appraisal was sent to borrower.
 03/17/2025     1 B A B A B A B A B A   FL Second Home Purchase   C B A A C B A A Non QM Non QM No
223009123 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted]tolerance was exceeded by [redacted] due to Increase of Transfer Tax Fee.  No valid COC provided, nor evidence of cure in file.       Reviewer Comment (2025-04-02): [redacted] received PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-04-01): Cure Docs


Reviewer Comment (2025-03-26): [redacted] received Post CD,[redacted],Copy of refund check and proof of mailing. FedEx tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.


Buyer Comment (2025-03-25): [redacted]PCCD
   04/02/2025   2 C B C B C B C B C B   FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223009188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Pest Inspection Fee Amount of [redacted] was disclosed on final CD in incorrect section C and was not previously disclosed. No valid COC provided. Cure of [redacted]disclosed on the Final Closing Disclosure is insufficient to cover [redacted] tolerance violations totaling [redacted].       Reviewer Comment (2025-03-21): [redacted]Received Corrected PCCD, LOE and Email Confirmation moving fee to section H.


Buyer Comment (2025-03-20): Email from Title


Reviewer Comment (2025-03-19): [redacted] is unable to determine from the file whether the lender or title company requried the Pest Inspection. If the lender required the Pest Inspection then a cure is due to the borrower.  If the borrower-chosen service provider further outsourced the Pest Inspection, an attestation or comment on exception from the seller is needed.  The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected.


Buyer Comment (2025-03-18): [redacted], PCCD
 03/21/2025     1 C A C A C A C A C A   AL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223009188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax increased from [redacted]to [redacted]with no valid COC provided for increase. Cure of [redacted] disclosed on the Final Closing Disclosure is insufficient to cover [redacted] tolerance violations totaling [redacted]       Reviewer Comment (2025-03-19): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-18): [redacted], PCCD
 03/19/2025     1 C A C A C A C A C A   AL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223009188 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1   A   A   A   A   A   AL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223009892 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception- Non-warrantable condo due to master insurance unaffiliated entities/replacement coverage.

Compensating Factors:
Loan to Value [redacted] or more under requirement
FICO [redacted]points or more above requirement.
Total Debt [redacted] or more under requirement.
Residual Income [redacted] or more
Long Term Employment > [redacted] years		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has been employed in the Same industry for more than [redacted] years.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-03-13): Client elects to waive with compensating factors.
     03/13/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223010000 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. Subject property Refinance by different creditor and provided RTC is H-[redacted] form instead of H-[redacted].       Reviewer Comment (2025-03-20): Corrected RTC delivered to borrower on[redacted]


Buyer Comment (2025-03-19): RTC, [redacted]& FedEx (Delivered today[redacted]).
 03/20/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
223010000 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. Corrected RTC delivered to borrower on [redacted]. Exception can be cleared after Midnight [redacted].       Reviewer Comment (2025-03-24): RTC Period expired after Midnight [redacted]. Exception cleared


Buyer Comment (2025-03-21): Right to Cancel
 03/24/2025     1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
223012462 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing lease for new acquired investment property.  [redacted]listed[redacted] gross rent used to qualify.       Reviewer Comment (2025-03-21): Rental income removed, exception cleared.


Buyer Comment (2025-03-20): [redacted]


Buyer Comment (2025-03-20): took out rental income


Reviewer Comment (2025-03-18): Lease agreement is missing for - [redacted][redacted] property. - Exception Remains.


Buyer Comment (2025-03-17): Please see attached [redacted]rent schedule from purchase of property. Property was purchased less than a month ago
 03/21/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223012462 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2025-03-21): Final Title policy received. Exception cleared.
 03/21/2025     1 A A A A A A A A A A   CA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223012462 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file did not disclose the coverage amount.       Reviewer Comment (2025-03-21): Title policy amount updated from Final title policy. Exception cleared.


Buyer Comment (2025-03-19): Please see attached
 03/21/2025     1 B A B A B A B A B A   CA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223012465 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Loan Estimate not delivered to Borrower(s) within[redacted]business days of application.       Reviewer Comment (2025-03-18): [redacted] received e-consent dated [redacted]


Buyer Comment (2025-03-17): Proof Initial LE  Sent To Borrower
 03/18/2025     1 C A C A C A C A C A   FL Primary Purchase   C B B B C A A A Non QM Non QM No
223012465 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-12): Sufficient Cure Provided At Closing
   03/12/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223012465 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: P&L prepared by PTIN not CPA.
Borrower is FTHB purchasing primary home on Expanded Profit and Loss program. The borrower provided P&L prepared by a PTIN, as she does not have a CPA. Borrower has established employment, SE since [redacted]. Borrower is[redacted] owner. Credit profile is excellent. Established tradelines with all debts paid timely. Borrower has residual income of [redacted]/month. Liquid funds, after closing costs. of [redacted] providing borrower with [redacted]months subject PITIA. Borrower is currently renting condo * Pending receipt of VOR*.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-14): Client elects to waive with comp factors.
     03/14/2025 2 B B B B B B B B B B   FL Primary Purchase   C B B B C A A A Non QM Non QM No
223012467 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed   Title vesting does not concur with Deed. No supporting document is provided for change in vesting.       Reviewer Comment (2025-03-20): Deed received, exception cleared.


Buyer Comment (2025-03-19): Warranty Deed


Reviewer Comment (2025-03-19): Title Commitment vested is showing in name of [redacted] and [redacted] and security instrument reflects only in name of [redacted]. Required Deed to verify Vesting name. Exception remains.


Buyer Comment (2025-03-17): Can you please clarify which documentation shows the discrepancy? Thank you!
 03/20/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C A C A B A A A Non QM Non QM No
223012467 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Evidence of appraisal receipt not provided.       Reviewer Comment (2025-03-19): Details updated from Appraisal notice available in file. Exception cleared.


Buyer Comment (2025-03-17): Please see [redacted] as proof of appraisal delivery.
 03/19/2025     1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C A C A B A A A Non QM Non QM No
223012532 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   Hazard Insurance Policy Effective Date is after the note date.       Reviewer Comment (2025-03-24): Received Hazard Insurance Policy. Exception Cleared.


Buyer Comment (2025-03-21): Please see attached
 03/24/2025     1 C A C A C A C A C A   MA Investment Purchase   C A C A     A A   N/A No
223012567 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title Commitment does not reflect Coverage Policy amount.       Reviewer Comment (2025-03-19): Cleared. Received final title


Buyer Comment (2025-03-18): Title Supplement
 03/19/2025     1 B A B A B A B A B A   CA Second Home Purchase   D A B A A A D A Non QM Non QM No
223012567 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]   The file is missing a copy of the secondary valuation required for securitization purposes.       Reviewer Comment (2025-03-19): Cleared. CDA located in the file.


Buyer Comment (2025-03-17): Appraisal on file [redacted]; CDA on file [redacted].
 03/19/2025     1 D A D A D A D A D A   CA Second Home Purchase   D A B A A A D A Non QM Non QM No
223013259 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-Sign Consent Agreement is missing in the file.       Reviewer Comment (2025-03-19): Received E-Sign Consent Agreement document, information validated. Exception Cleared.


Buyer Comment (2025-03-18): eConsent
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223013259 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Compliance Closing Disclosure Missing Issue Date Material Closing Disclosure with an estimated issue date of[redacted] did not disclose an issue date.  Unable to conclusively determine Final Closing Disclosure to use for fees due to missing Issue Date.  Any applicable Federal, State or Local compliance testing may be unreliable.  Closing Disclosure dated [redacted] used to source fees for testing. CD dated [redacted] is missing issued date.       Reviewer Comment (2025-03-20): Issue date confirmed from disclosure summary.


Buyer Comment (2025-03-18): Evidence of CD Issue Date
 03/20/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223013259 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.       Reviewer Comment (2025-03-19): Received Affiliated Business Arrangement Disclosure, information validated. Exception Cleared.


Buyer Comment (2025-03-18): ABDS
 03/19/2025     1 B A B A B A B A B A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223013259 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. Closing Disclosure estimated to be provided on[redacted] did not disclose the actual Date Issued.       Reviewer Comment (2025-03-20): Issue date confirmed from disclosure summary.


Buyer Comment (2025-03-18): Please see proof of disclosure uploaded today.
 03/20/2025     1 C A C A C A C A C A   FL Primary Purchase Good Faith Redisclosure C A C A C A A A Non QM Non QM Yes
223013259 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within[redacted] days of application. ARM Disclosure not provided to the borrower within [redacted]days.       Reviewer Comment (2025-03-20): Loan program was changed to ARM on [redacted]


Buyer Comment (2025-03-19): Disclosure
 03/20/2025     1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223013269 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure amount provided on final CD, file does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2025-03-24): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-20): TRID Explanation + Title Email
 03/24/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223013269 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure amount provided on final CD, file does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2025-04-09): [redacted] received LOE for CD issue date and as per provided [redacted].


Buyer Comment (2025-04-08): Attestation


Reviewer Comment (2025-04-07): [redacted] received email conversation with highlighted issue date on Doc ID [redacted] is clerical error and the date at bottom time stamped and acknowledged by borrower on [redacted]. In order to correct testing of the CD issue date, we would require a lender attestation stating the actual issue date of the LE and explanation on error on disclosure or Cure would be due to borrower.


Buyer Comment (2025-04-03): LOX


Reviewer Comment (2025-04-01): [redacted] received LOX for rebuttal response that transfer taxes not added until [redacted] However, please see Doc ID v CD dated [redacted] page [redacted] section E disclosed city/county tax/stamps in the amount of [redacted] and acknowledged by borrower on [redacted]. Any CD signed by borrowers must be included in testing, as they were disclosed to borrower. If there was an additional reason the fee was added, we will need the additional information otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure.


Buyer Comment (2025-03-28): lox


Reviewer Comment (2025-03-27): [redacted] received email log to confirm the receipt of new information that required transfer tax, but the transfer taxes were added on CD dated [redacted] which is prior to the information was received. Please provide a COC for CD dated [redacted] for remediations.


Buyer Comment (2025-03-25): Rebuttal


Reviewer Comment (2025-03-24): [redacted] received [redacted]for rebuttal response. but we also required additional information on why the fee was added on the revised CD and was not known prior to and at initial application disclosure and to provide information supporting documentation of timeline for lender's knowledge of when they became aware of the fee or Cure is due to borrower.


Buyer Comment (2025-03-20): TRID Explanation + Title Email uploaded for review.
 04/09/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223013269 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1   A   A   A   A   A   NV Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223013287 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for to use Credit report showing additional SSN in the profile. ITIN borrower - number verified via IRS ITIN issue letter and CPA letter for current and active. Provided statements for all credit accounts on credit report to support that credit accounts belong to the borrower.
Compensating factors:
Total Debt [redacted] or more under requirements.
Residual Income [redacted] or more.
Provided[redacted] months bank statements.
The exception was approved with[redacted] exception LLPA.
Exception conditions:
Reserve requirements to be met.
Provide VOR supporting [redacted] and landlord confirming tenants pay in cash.
Copy of fully executed lease.
Subject to meeting all other Voltage guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-14): Client elects to waive with compensating factors.
     03/14/2025 2 B B B B B B B B B B   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for private VOR. Borrower pays cash to landlord. Unable to locate cancelled checks.
Compensating factors:
Total Debt[redacted] or more under requirements.
Residual Income [redacted] or more.
Provided [redacted]months bank statements.
The exception was approved with [redacted] exception LLPA.
Exception conditions:
Reserve requirements to be met.
Provide VOR supporting [redacted] and landlord confirming tenants pay in cash.
Copy of fully executed lease.
Subject to meeting all other Voltage guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-14): Client elects to waive with compensating factors.
     03/14/2025 2 B B B B B B B B B B   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   File is missing IRS ITIN issue letter.       Reviewer Comment (2025-03-21): Cleared. Received CPA letter confirming ITIN status.


Buyer Comment (2025-03-19): CPA Letter
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing CPA letter / Operating Agreement or equivalent document confirming borrower's ownership percentage and a third-party verification / CPA letter within [redacted]days of note date.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): Please see CPA letter uploaded today.
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage of [redacted] is not enough to cover the loan amount [redacted]. No replacement cost estimator was provided       Reviewer Comment (2025-03-21): Replacement cost estimator received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): RCE
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-21): E-sign Consent Agreement received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): eConsent
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   File is missing VOR supporting[redacted] and landlord confirming tenants pay in cash, copy of fully executed lease.       Reviewer Comment (2025-03-21): Verification of Rent and lease agreement received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): [redacted]
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy.       Reviewer Comment (2025-03-24): Received Final Title policy with correct policy amount, information validated. Exception Cleared.
 03/24/2025     1 A A A A A A A A A A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of[redacted]in Title Commitment is less than the note amount of[redacted]       Reviewer Comment (2025-03-24): Received Final Title policy with correct policy amount, information validated. Exception Cleared.


Buyer Comment (2025-03-21): Commitment
 03/24/2025     1 B A B A B A B A B A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay [redacted]: Unable to verify current employment status using reasonably reliable third-party records. Waterfall due to missing income documents confirming borrower's ownership and third party verification.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing document received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): Please see CPA letter uploaded today
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Affiliated Business Arrangement Disclosure is not signed by borrower.       Reviewer Comment (2025-03-21): Affiliated Business Arrangement disclosure received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-19): Signed Disclosure
 03/21/2025     1 B A B A B A B A B A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus[redacted] or [redacted].  Insufficient or no cure was provided to the borrower. [redacted] Tolerance exceeded for Title Fees in Section B and recording Fee. Provided cure of [redacted] is less than the cure requirement of [redacted]       Reviewer Comment (2025-04-04): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-03): Please cure, [redacted] was cured on [redacted] under Section J.


Reviewer Comment (2025-04-03): [redacted] received cure documents for [redacted], however cure required is for [redacted]. Please provide additional cure of [redacted]. Cure documents consist of [redacted] , LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-04-01): [redacted] Cure
   04/04/2025   2 C B C B C B C B C B   MD Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
223013287 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) [redacted]Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Loan is identified as a Higher-Priced Mortgage Loan. File is missing a written disclosure provided to borrower informing about non-higher priced loans otherwise qualified for.       Reviewer Comment (2025-03-19): Client elects to waive.
     03/19/2025 2 B B B B B B B B B B   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted]HPML Threshold Test Non-Compliant [redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR[redacted] + [redacted] or [redacted].  Non-Compliant Higher Priced Loan. Loan is identified as a Higher-Priced Mortgage Loan. File is missing a written disclosure provided to borrower informing about non-higher priced loans otherwise qualified for.       Reviewer Comment (2025-03-19): Client elects to waive.
     03/19/2025 2 B B B B B B B B B B   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to missing required CPA/EA/licensed tax preparer letter.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing received. Details verified and updated. Exception cleared.
 03/21/2025     1 B A C A B A C A B A   MD Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay[redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing required CPA/EA/licensed tax preparer letter.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing document received. Details verified and updated. Exception cleared.
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay[redacted]: General Ability-to-Repay requirements not satisfied. Waterfall due to missing required CPA/EA/licensed tax preparer letter.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing received. Details verified and updated. Exception cleared.
 03/21/2025     1 A A A A A A A A A A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing required CPA/EA/licensed tax preparer letter.       Reviewer Comment (2025-03-21): CPA Letter and Business entity listing received. Details verified and updated. Exception cleared.
 03/21/2025     1 C A C A C A C A C A   MD Primary Purchase   C B C B C B A A Non QM Non QM No
223013291 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee on closing disclosure is [redacted] and on loan estimate [redacted]. No Valid Change circumstance in file.       Reviewer Comment (2025-03-18): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.
 03/18/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223013291 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-18): Sufficient Cure Provided At Closing
   03/18/2025   1   A   A   A   A   A   FL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223013354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID ECOA Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]days of the loan application date. The file is missing documentation verifying the borrowers received a copy of the appraisal within [redacted] business days of closing.       Reviewer Comment (2025-03-19): Exception Cleared, updated Initial 1003 application date.


Buyer Comment (2025-03-17): Appraisal Delivery
 03/19/2025     1 B A B A B A B A B A   IA Primary Purchase   C A A A C A A A Non QM Non QM No
223013354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule [redacted]: List of Homeownership Counseling Organizations not provided to applicant within[redacted] business days of application. List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application.       Reviewer Comment (2025-03-19): Exception Cleared, updated Initial 1003 application date.


Buyer Comment (2025-03-17): Housing confirmation
 03/19/2025     1 B A B A B A B A B A   IA Primary Purchase   C A A A C A A A Non QM Non QM No
223013354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted] business days of application. Loan Estimate dated [redacted] was not signed and dated.       Reviewer Comment (2025-03-24): [redacted] received additional information that supports application date and further supported by[redacted] final sales contract acceptance date.


Buyer Comment (2025-03-21): LE and Application


Reviewer Comment (2025-03-21): [redacted] received disclosure tracking.  However as previously noted: LE issued [redacted], Application dated [redacted].  LE not disclosed within [redacted] business days of the application date.  The application does have a TBD for property address, however, to support actual application date, must provide supporting file documentation that supports when all [redacted] pieces of information were received by lender.  Provide supporting documentation if application date is later than [redacted].


Buyer Comment (2025-03-19): Audit Trail


Reviewer Comment (2025-03-18): Exception relates to the Initial LE not being issued within [redacted] business days of application.  LE issued [redacted], Application dated [redacted].  LE not disclosed within [redacted] business days of the application date.  The application does have a TBD for property address, however, to support actual application date, must provide supporting file documentation that supports when all[redacted] pieces of information were received by lender.  Provide supporting documentation if application date is later than [redacted].


Buyer Comment (2025-03-17): That LE does not require a signature on it
 03/24/2025     1 C A C A C A C A C A   IA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223013362 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance Verification missing on file       Reviewer Comment (2025-03-19): Hazard insurance policy received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-18): [redacted]
 03/19/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
223013362 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal receipt missing on file       Reviewer Comment (2025-03-18): Proof of Appraisal delivery received. Exception cleared.


Buyer Comment (2025-03-17): Appraisal Delivery
 03/18/2025     1 B A B A B A B A B A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
223013362 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of[redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. [redacted]Percent Fee was last disclosed as [redacted] on Loan Estimate but disclosed as[redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-03-24): [redacted] Received True and certified final [redacted] along with [redacted]and LOE.


Buyer Comment (2025-03-21): FSS


Reviewer Comment (2025-03-20): [redacted] Received Corrected [redacted] and LOE reducing recording fee; however, require True and Certified Final SS in order to verify the loan is closed as per Final settlement statement.


Buyer Comment (2025-03-20): [redacted]
 03/24/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223013362 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted]on Loan Estimate but disclosed as[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-03-20): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-20): Please see[redacted] package uploaded today
 03/20/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223013362 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Courier / Express Mail / Messenger Fee was last disclosed as[redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-03-27): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-26): [redacted] Cure Pkg


Reviewer Comment (2025-03-20): [redacted] received Corrected [redacted] and LOE reducing Title - Courier fee. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the Title - Courier fee was included in section [redacted]of the most recent LE, the consumer was not allowed to shop and a cure is required.  Provide Corrected CD,  LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-20): Please see[redacted] package uploaded today
   03/27/2025   2 C B C B C B C B C B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223013362 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Title - Notary Fee. was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-03-24): [redacted] Received True and certified final [redacted] along with [redacted] and LOE.


Reviewer Comment (2025-03-20): [redacted] Received Corrected [redacted] and LOE removing Title - Notary Fee; however, require True and Certified Final SS in order to verify the loan is closed as per Final settlement statement.


Buyer Comment (2025-03-20): Please see[redacted] package uploaded today
 03/24/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223013369 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-03-19): Exception Cleared; E-sign Consent Agreement document is received.


Buyer Comment (2025-03-18): E-Sign Consent Agreement
 03/19/2025     1 C A C A C A C A C A   GA Primary Purchase   C A C A A A A A Non QM Non QM No
223013369 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-12): Sufficient Cure Provided At Closing
   03/12/2025   1 A A A A A A A A A A   GA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
223013440 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request- our borrower is requesting to purchase an investment property utilizing ICF to qualify at a [redacted] loan amount. Section [redacted] requires a minimum loan amount of[redacted]. comments from [redacted] : our buyer is under contract for [redacted] and putting down [redacted] so loan amount is currently at[redacted] min is a [redacted] score, and our borrower has a[redacted] FICO. we have assets verified of [redacted]which gives us more than [redacted]months of the required reserves. our buyer has owned her him since [redacted] and purchases an investment property w/s  us as well back in may [redacted]. the rent schedule on the appraisal is [redacted] and the current estimate payments is [redacted]. This is a loan we currently have floated w/the requirements to float and would like to be able to lock it since we have the appraisal back and submit it to underwriting so we can get it conditionally approved and processed for a closing date on [redacted]. Lender exception was approved with Max[redacted] LTV
 
Compensating factors noted:
Loan To Value[redacted] or more under requirement
FICO [redacted] points or more above requirement.
Reserves [redacted] months more than requirement.
Long term Homeownership[redacted]
 [redacted] or greater.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-14): client elects to waive with compensating factors.
     03/14/2025 2 B B B B B B B B B B   PA Investment Purchase   B B B B     A A   N/A No
223013803 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Miising Insurance verification for[redacted] [redacted] St [redacted]       Reviewer Comment (2025-03-18): Hazard insurance document received - Exception Cleared


Buyer Comment (2025-03-17): Insurance
 03/18/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223013803 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted] Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-19): Received proof/receipt which confirms copy of appraisal report deliver to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.


Buyer Comment (2025-03-17): Proof of Delivery
 03/19/2025     1 B A B A B A B A B A   FL Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223014337 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Policy amount is missing.       Reviewer Comment (2025-03-18): Title supplement is received. Coverage amount is mentioned. Exception cleared.


Buyer Comment (2025-03-17): Title Supplement
 03/18/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A B A A A Non QM Non QM No
223014337 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) [redacted] Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. No evidence that borrower received a copy of appraisal at least[redacted] business days to closing.       Reviewer Comment (2025-03-18): Proof of appraisal delivery is received. Exception cleared.


Buyer Comment (2025-03-17): Borrower waived timing requirement on [redacted]


Buyer Comment (2025-03-17): Proof appraisal sent to borrower
 03/18/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A B A A A Non QM Non QM No
223014337 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. No [redacted] in file.       Reviewer Comment (2025-03-12): Sufficient Cure Provided At Closing
   03/12/2025   1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B A B A B A A A Non QM Non QM Yes
223015146 [redacted] [redacted]   XXXX     Credit Credit General Credit Initial Rate Lock rate date is not documented in file.   File is missing the [redacted] Rate Lock as required by the client's guidance.       Reviewer Comment (2025-03-19): Initial Rate lock document received. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-18): Initial Rate Lock
 03/19/2025     1 C A C A C A C A C A   FL Second Home Purchase   C A C A A A A A Non QM Non QM No
223015785 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request provided for [redacted] LTV with [redacted]credit score.  comp factors are DTI [redacted] or more under requirement, residual income [redacted] or more, and reserves [redacted] months more than requirement. Exception approval provided at [redacted]LTV. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The qualifying DTI on the loan is less than or equal to [redacted]%.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-17): Client elects to waive with comp factors.
     03/17/2025 2 B B B B B B B B B B   VA Primary Purchase   B B B B A A A A Non QM Non QM No
223015786 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-03-19): Received [redacted] Business Purpose Certificate is received in the file. Exception Cleared.


Buyer Comment (2025-03-18): Business Purpose Cert
 03/19/2025     1 C A C A C A C A C A   SC Investment Purchase   C A C A     A A   N/A No
223015797 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redac): Creditor did not pr[redacted]ovide a copy of each valuation to applicant [redacted] business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted]business days to closing.       Reviewer Comment (2025-03-17): Located in the file
 03/17/2025     1 B A B A B A B A B A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
223015797 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted] is equal to or greater than the threshold of APOR[redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted] or Final Disclosure APR of[redacted]s equal to or greater than the threshold of APOR [redacted] + [redacted], or[redacted]       Reviewer Comment (2025-03-17): Located in the file.
 03/17/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
223015797 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted] business days to closing.       Reviewer Comment (2025-03-17): Located in the file
 03/17/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
223015797 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Verification of rent is not in file.       Reviewer Comment (2025-03-24): Per guides: this is required at the underwriters discretion. Clearing exception.


Reviewer Comment (2025-03-24): Unable to clear. The 1003 indicates that the borrower is renting primary residence. Per guidelines, a [redacted]/[redacted]month housing history is required.


Buyer Comment (2025-03-20): No rental income is being used to qualify. The borrowers own a [redacted] home in [redacted]. No rental income can be used on a [redacted] home. There is already a mortgage statement for that property in the file. Please waive this condition.
 03/24/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
223015797 [redacted] [redacted]   XXXX     Credit Credit General Credit Initial Rate Lock rate date is not documented in file.   Please provide the initial [redacted] rate lock.       Reviewer Comment (2025-03-21): Received Rate Lock document. Exception cleared.


Buyer Comment (2025-03-19): See attached
 03/21/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
223015858 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-03-20): Escrow instructions show the loan amount.


Buyer Comment (2025-03-19): Please see [redacted]pg [redacted] Amended Escrow Instructions showing policy amount at loan amount.
 03/20/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A B A A A N/A Exempt from ATR No
223015858 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted]business days prior to closing, and appraisal was not provided at or before closing. No evidence that borrower received a copy of appraisal at leas[redacted] business days to closing.       Reviewer Comment (2025-03-24): Proof of Appraisal delivery report document received, and information updated. Exception Cleared.


Buyer Comment (2025-03-24): Sent [redacted], proceeded using mailbox rile
 03/24/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A B A A A N/A Exempt from ATR No
223015863 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted]       Reviewer Comment (2025-04-03): Cleared. Current lease amount allowed for [redacted] per guidelines. Verified lease will continue for at least [redacted] months and [redacted] months of rents  received.


Buyer Comment (2025-04-03): If the property is leased for more than the appraiser's opinion of market rents, the lease amount may be used
provided the lease will continue for at least [redacted] months after the note date and the [redacted] months of rents due prior
to the application date are documented as received timely.


Reviewer Comment (2025-04-02): No new document received. To calculated [redacted], lesser of the market rents or the current rents was utilized. Actual rent is [redacted] and market rent is [redacted]. Lower amount of [redacted] was used. Exception remains.


Buyer Comment (2025-04-01): Please update rental income to [redacted]
 04/03/2025     1   A   A   A   A   A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
223015864 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   [redacted] search for borrowing business entity is missing.       Reviewer Comment (2025-03-19): Received [redacted] for borrowing business entity. Exception Cleared.


Buyer Comment (2025-03-18): uploaded [redacted] report
 03/19/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223016155 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-19): E-sign Consent Agreement is provided exception cleared.


Buyer Comment (2025-03-19): E-Consent
 03/19/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223016183 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[redacted] not received by borrower at least [redacted]business days prior to closing. Loan Estimated date [redacted] is provided to Borrowers at least[redacted]business days prior to closing is missing in file.       Reviewer Comment (2025-03-19): [redacted] received proof of receipt.


Buyer Comment (2025-03-18): [redacted] Loan Estimate shows date/time viewed by borrower top left corner  ([redacted]).  Please cancel condition.
 03/19/2025     1 C A C A C A C A C A   FL Second Home Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223016185 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   [redacted] coverage is insufficient by [redacted]. Provide verification of policy with sufficient coverage [redacted] provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2025-03-18): Replacement cost estimator received. Exception Cleared.


Buyer Comment (2025-03-17): [redacted]RC
 03/18/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
223016692 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Title Commitment does not have policy amount, and the Final Title policy is missing.       Reviewer Comment (2025-03-21): Title policy amount updated from Supplemental Report. Exception cleared.


Buyer Comment (2025-03-19): Supplemental
 03/21/2025     1 C A C A C A C A C A   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223016692 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - [redacted] is missing.       Reviewer Comment (2025-03-25): Cleared. Document not required.


Buyer Comment (2025-03-21): Please cancel this condition, as loan is [redacted] and there is no tax information necessary to validate.
 03/25/2025     1 C A C A C A C A C A   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223016692 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect District of [redacted] Prepayment Penalty District of [redacted] Prepayment Penalty: Loan prepay term of [redacted] months exceeds state maximum of[redacted] months. Prepay language states prepay will not exceed maximum permitted by applicable law.         Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2 B B B B B B B B B B   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223016692 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   [redacted] due to missing [redacted]       Reviewer Comment (2025-03-25): Cleared. Documentation requirements met.


Buyer Comment (2025-03-21): Please cancel this condition, as loan is [redacted] and there is no tax information necessary to validate.
 03/25/2025     1 C A C A C A C A C A   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223016692 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided for FICO that is [redacted]instead of [redacted] for [redacted] only program. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-17): Client elects to waive with compensating factors.
     03/17/2025 2 B B B B B B B B B B   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223016692 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided for [redacted] letter and[redacted]to be completed by a tax prepared with a PTIN. The tax prepared is not a [redacted],[redacted] or Enrolled as Agent as guidelines require. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-17): Client elects to waive with compensating factors.
     03/17/2025 2 B B B B B B B B B B   DC Investment Refinance - Cash-out - Other   C B C B B B A A N/A Exempt from ATR No
223018142 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] tolerance was exceeded by [redacted]due to Credit Report Fee. Specific credit of [redacted] has been provided as cure at closing.       Reviewer Comment (2025-03-13): Sufficient Cure Provided At Closing
   03/13/2025   1 A A A A A A A A A A   NJ Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223018254 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]  Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-03-21): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-20): [redacted] Cure
   03/21/2025   2 C B C B C B C B C B   TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
223018254 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Approved Lender Exception for Loan-to-Value [redacted] over the maximum.

Borrowers had[redacted] discharged[redacted], max loan-to-Value is[redacted], loan team is seeking [redacted] loan-to-Value exception. Borrowers sold prior primary last week (was owned over[redacted]yrs, they have been renting for [redacted] months), net proceeds are being used for funds to close and reserves. The mortgage w/PennyMac was reaffirmed and has [redacted] months reported paid as agreed. Borrower has established new credit since BK, oldest established[redacted] months. Borrowers are retired, [redacted], Pension & [redacted] distributions are being used for qualifying, [redacted] is pending for determination of grossing up, currently [redacted]is grossed up [redacted]. Currently they have [redacted]months reserves.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 [redacted] months reserves SitusAMC,Originator

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-13): Lender exception approval in file
     03/13/2025 2 B B B B B B B B B B   TN Primary Purchase   C B B B C B A A Non QM Non QM No
223018410 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling is insufficient to cover the loan amount. Shortfall of [redacted] Required updated Hazard Policy or Replacement Cost Estimator.       Reviewer Comment (2025-03-20): [redacted] received.


Buyer Comment (2025-03-19): [redacted]
 03/20/2025     1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
223018410 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID[redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-13): Sufficient Cure Provided At Closing
   03/13/2025   1 A A A A A A A A A A   NJ Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
223022343 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee was last disclosed as[redacted] on the Loan Estimate but disclosed as[redacted] on Final Closing Disclosure. File does not contain a Valid change of circumstance for this fee, nor evidence of cure in file       Reviewer Comment (2025-03-13): Sufficient Cure Provided At Closing
   03/13/2025   1 A A A A A A A A A A   CO Second Home Refinance - Cash-out - Other Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
223022343 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to waive the requirement for the prior VOR/Lease. Compensating Factors: [redacted]points or more above requirement, Long Term Employment, and Provided[redacted]months bank statements. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has been employed in the Same industry for more than [redacted] years.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-03-17): Client elects to waive with compensating factors.
     03/17/2025 2 B B B B B B B B B B   CO Second Home Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
223023830 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted]  Insufficient or no cure was provided to the borrower. Appraisal fee in loan estimate is [redacted]and closing disclosure reflects [redacted]. No Valid change circumstance in file.       Reviewer Comment (2025-03-28): [redacted] received [redacted] dated [redacted] for program change.


Buyer Comment (2025-03-26): [redacted] for [redacted] / email from branch/notification


Reviewer Comment (2025-03-24): [redacted] Exception is cited for Appraisal Review fee [redacted] and not Appraisal fee. Appraisal review fee added on LE dated [redacted] without valid [redacted]. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, [redacted] to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-21): We are not going to cure an over disclosed appraisal fee, when it was initially disclosed at [redacted], then reduced at final CD to [redacted]. A decrease in fee does not require a [redacted]. Its not a negative impact or charge passed to borrower. PLEASE WAIVE CONDITION
 03/28/2025     1 C A C A C A C A C A   MA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223024816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-21): Received Appraisal delivery receipt dated [redacted]. Exception cleared.


Buyer Comment (2025-03-19): Proof appraisal sent to borrower
 03/21/2025     1 B A B A B A B A B A   TX Primary Purchase   C B C B C A A A Non QM Non QM No
223024816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. No evidence that borrower received a copy of secondary appraisal at least [redacted]business days to closing.       Reviewer Comment (2025-03-21): Received Appraisal delivery receipt dated [redacted]. Exception cleared.


Buyer Comment (2025-03-19): Proof Appraisal Sent to Borrower [redacted]
 03/21/2025     1 B A B A B A B A B A   TX Primary Purchase   C B C B C A A A Non QM Non QM No
223024816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. [redacted] tolerance was exceeded by[redacted] due to Second Appraisal Fee. No valid [redacted] provided.       Reviewer Comment (2025-03-21): [redacted] received COC is sufficient to clear.


Buyer Comment (2025-03-20): It appears that the fees were initially disclosed lumped together. On the Revised CD, it was separated, but no additional fees were passed to the borrower. The borrower did NOT accrue additional costs and there for should not be considered a violation


Buyer Comment (2025-03-20): [redacted] [redacted]
 03/21/2025     1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
223024816 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception : requesting a [redacted]mm loan amount. Section[redacted] requires an exception when the loan amount exceeds [redacted] Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-21): Client elects to waive with comp factors.


Buyer Comment (2025-03-19): See page [redacted] [redacted]
     03/21/2025 2 C B C B C B C B C B   TX Primary Purchase   C B C B C A A A Non QM Non QM No
223024816 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception: Borrowers have a shortage of [redacted] [redacted] in asset for qualification using Method [redacted] Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-21): Client elects to waive with comp factors.
     03/21/2025 2   B   B   B   B   B   TX Primary Purchase   C B C B C A A A Non QM Non QM No
223024817 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing in loan file.       Reviewer Comment (2025-03-21): E-sign Consent Agreement document received - Exception Cleared.


Buyer Comment (2025-03-20): See attached
 03/21/2025     1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223024817 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   File did not contain an estimated cost to replace from insurer.  Calculations are based on [redacted] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods.  Coverage is insufficient by [redacted]       Reviewer Comment (2025-03-27): Cleared. [redacted] reflects sufficient coverage per guidelines.


Buyer Comment (2025-03-25): Please see attached
 03/27/2025     1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223024817 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule[redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.         Reviewer Comment (2025-03-27): Received appraisal notice for the evidence of appraisal delivery. Exception cleared.


Buyer Comment (2025-03-25): Please see attached proof appraisal dated [redacted] was sent to the borrower.


Reviewer Comment (2025-03-24): The recent appraisal pulled is of [redacted] and delivery receipt is not provided. Please provide the delivery receipt of this appraisal. Exception Remains.


Buyer Comment (2025-03-20): That appraisal was the revision. Please see attached
 03/27/2025     1 B A B A B A B A B A   NJ Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223025764 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Deeds / Warranty / Grant / Quit-Claim is missing in the file.       Reviewer Comment (2025-03-20): Received Deeds / Warranty / Grant / Quit-Claim. Exception Cleared.


Buyer Comment (2025-03-19): DEED
 03/20/2025     1 D A D A D A D A D A   PA Investment Purchase   D A D A     A A   N/A No
223025764 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC search for borrowing business entity is missing in the file.       Reviewer Comment (2025-03-21): Provided [redacted] shows possible match and watchlist attached confirms matches for different real estate companies and not same as [redacted] Real Estate. Exception cleared.


Buyer Comment (2025-03-20): watchlist


Buyer Comment (2025-03-20): updated ofac


Buyer Comment (2025-03-20): response from post closing
 03/21/2025     1 C A C A C A C A C A   PA Investment Purchase   D A D A     A A   N/A No
223025764 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   The LLC is located in the state of [redacted] and the property is located in [redacted]and the file is missing the Certificate of Good Standing for the state of [redacted]       Reviewer Comment (2025-03-20): Received Certificate of Good Standing for the state of [redacted]. Exception Cleared.


Buyer Comment (2025-03-19): FOR [redacted]
 03/20/2025     1 C A C A C A C A C A   PA Investment Purchase   D A D A     A A   N/A No
223025765 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception is present in file :

Borrower has been with employer for[redacted] years receivin[redacted] salary (Base & Bonus). Borrower was recently converted to Partner ([redacted]ownership) with income structure change to [redacted] receiving [redacted]draw per month along with Distributions as of[redacted]. Requesting exception to allow using [redacted] month average of [redacted]income per [redacted] paystub & employer confirmation of recent change to partner with [redacted] years of this type of receipt. Underwriter calculated distribution from [redacted] YE paystub ([redacted] = [redacted]).[redacted] [redacted]and tax returns are not yet available. Fully documented in file outlining pay structure change from employer. Underwriter requested updated paystub for[redacted] thru [redacted] to support qualifying income. ***COMPENSATING FACTORS - LTV [redacted]lower than max allowed [redacted]); Low DTI of [redacted]; Borrower has history of receiving additional pay types of Bonus prior to becoming partner per WVOE with stable employment history at company ([redacted] years); Borrower has acceptable credit meeting program guidelines, verified[redacted] open/active tradelines with [redacted] month rating...Satisfactory mtg history supporting [redacted] months on departing residence (pending sale). FICO exception needed at [redacted]M loan with [redacted] [redacted]		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): preapproved exception
     03/18/2025 2 B B B B B B B B B B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223025765 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Missing Document: Note - Subordinate Lien not provided   File is missing note document for subordinate lien.       Reviewer Comment (2025-03-24): Subordinate Lien note document received. Exception Cleared.


Buyer Comment (2025-03-21): Please see attached
 03/24/2025     1 C A C A C A C A C A   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223025765 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted] business days of the Note. - Borrower has been with employer for[redacted] years receiving W2 salary (Base & Bonus). Borrower was recently converted to Partner ([redacted] ownership) with income structure change to K1, receiving [redacted] draw per month along with Distributions as of [redacted]       Reviewer Comment (2025-03-28): Borrower's employment is active confirmation document was provided, Exception Cleared.


Buyer Comment (2025-03-27): Please see internal document v confirming borrower is active as of [redacted] which is [redacted] days prior to closing. Please cancel this condition as it is invalid due to documentation already being provided.


Reviewer Comment (2025-03-25): Please provide Verification of employment document within [redacted] business days, Exception remains.


Buyer Comment (2025-03-24): Please clarify what else would be needed. There is a [redacted] in file, doc [redacted] dated [redacted] and the loan closed [redacted].
 03/28/2025     1 C A C A C A C A C A   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223025765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation.         Reviewer Comment (2025-03-27): Client elects to waive.


Reviewer Comment (2025-03-27): The communication log provided dated [redacted], does not identify that it was the secondary valuation that was provided.  Please provide evidence this was in fact for this item.  Exception remains.


Buyer Comment (2025-03-26): See attached


Reviewer Comment (2025-03-24): [redacted] delivery receipt is already updated; Appraisal receipt of secondary appraisal is pending dated [redacted], please send the receipt. Exception Remains.


Buyer Comment (2025-03-20): Please see internal document [redacted], borrower downloaded appraisal report
     03/27/2025 2 B B B B B B B B B B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223025768 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted]business days to closing.       Reviewer Comment (2025-03-24): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-03-21): See upload
 03/24/2025     1 B A B A B A B A B A   FL Second Home Purchase   B A A A B A A A Non QM Non QM No
223025774 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business purpose certificate is missing in file.       Reviewer Comment (2025-03-19): Business Purpose Certificate is received. Exception cleared.


Buyer Comment (2025-03-19): [redacted]
 03/19/2025     1 C A C A C A C A C A   AL Investment Purchase   C A C A     A A   N/A No
223025784 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - [redacted]due to missing required[redacted]. for borrower [redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted]
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted] business days of the Note. - [redacted]due to missing required [redacted]for borrower[redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay[redacted]: Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. [redacted] due to missing required [redacted]. for borrower [redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay[redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. [redacted] due to missing required [redacted]. for borrower [redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 B A C A B A C A B A   CO Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223025784 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay [redacted]: General Ability-to-Repay requirements not satisfied. [redacted] due to missing required [redacted]. for borrower [redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.
 03/24/2025     1 A A A A A A A A A A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay[redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted]due to missing required [redacted]. for borrower[redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   [redacted]due to missing required [redacted]. for borrower[redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025784 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at [redacted]risk. [redacted] due to missing required [redacted]. for borrower [redacted]       Reviewer Comment (2025-03-24): Received verbal verification of employment within [redacted] business days prior closing. Exception cleared.


Buyer Comment (2025-03-21): [redacted] uploaded
 03/24/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223025791 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Asked for exception to allow the exclusion of [redacted] auto loans with [redacted]months proof the business makes the payments and use of business assets without proper docs.
Exception Approved.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than or equal to [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score is above [redacted].		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): Preapproved exception
     03/18/2025 2 B B B B B B B B B B   NJ Primary Refinance - Rate/Term   B B B B A A A A Non QM Non QM No
223034172 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Post close CD shows different in Escrow amount as per final CD and initial escrow disclosure       Reviewer Comment (2025-03-21): Updated Initial Escrow Account Disclosure received and verified. Exception cleared


Buyer Comment (2025-03-20): NEW CORRECTED IEAD TO MATCH PCCD ISSUED ON [redacted]
 03/21/2025     1 B A B A B A B A B A   OR Primary Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 B A A A B A A A Non QM Non QM Yes
223035162 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided           Reviewer Comment (2025-03-21): Wire confirmation received.


Buyer Comment (2025-03-20): Gift wire
 03/21/2025     1 C A C A C A C A C A   SC Primary Purchase   C A C A A A A A Non QM Non QM No
223035462 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-04-07): [redacted] received corrected PCCD and LOE with correction in fee.


Buyer Comment (2025-04-04): [redacted]


Reviewer Comment (2025-04-02): [redacted] received [redacted]and closing statement, however there is no negative sign in final CD dated [redacted]for appraisal fee. Please provide corrected [redacted] and [redacted] to remediate.


Buyer Comment (2025-03-31): see uploaded [redacted] rebuttal & final settlement stmt


Buyer Comment (2025-03-31): see uploaded [redacted]rebuttal & final settlement stmt


Reviewer Comment (2025-03-28): [redacted] received [redacted] however, the final CD in file [redacted]shows the positive amount under borrower paid at closing while the total of section B does not include the [redacted]Please provide a corrected [redacted] and [redacted] with corrected amount under section [redacted] to cure this [redacted]


Buyer Comment (2025-03-26): see [redacted]rebuttal uploaded, condition is invalid.


Reviewer Comment (2025-03-24): [redacted]On CD dated [redacted]there is no Credit for Appraisal fee as[redacted] shows fee as [redacted]at closing and [redacted] before closing.  In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD,[redacted] to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-21): uploaded lox rebuttal please waive
 04/07/2025     1 C A C A C A C A C A   AL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223036545 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Required [redacted] months consecutive bank statement for Bank of America account number [redacted]       Reviewer Comment (2025-03-21): [redacted]Month consecutive bank statement received and updated .Exception cleared


Buyer Comment (2025-03-20): please waive/cancel cond, [redacted]statement is in trailing docs on [redacted] pages[redacted]


Reviewer Comment (2025-03-19): [redacted] consecutive bank statement is required, and the file is missing recent bank statement for [redacted] account number [redacted] dated[redacted]to [redacted]. Exception remains


Buyer Comment (2025-03-19): please waive/cancel cond; boa statements are in trailing docs[redacted]
 03/21/2025     1 C A C A C A C A C A   MA Primary Purchase   C B C B B B A A Non QM Non QM No
223036545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation.         Reviewer Comment (2025-03-19): Client elects to waive.
     03/19/2025 2 B B B B B B B B B B   MA Primary Purchase   C B C B B B A A Non QM Non QM No
223036545 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested and approved for ARM margin of [redacted] vs [redacted] margin of [redacted] The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score is above [redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Disposable Income: $[redacted]		 SitusAMC,Aggregator

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): Client elects to waive with comp factors.
     03/18/2025 2 B B B B B B B B B B   MA Primary Purchase   C B C B B B A A Non QM Non QM No
223036547 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the initial [redacted] Rate Lock.       Reviewer Comment (2025-03-18): Received Initial Rate Lock. Exception Cleared.


Buyer Comment (2025-03-17): Initial Rate Lock
 03/18/2025     1 C A C A C A C A D A   NV Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223036623 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.           Reviewer Comment (2025-03-24): Hazard Insurance Policy received and updated. Exception cleared


Buyer Comment (2025-03-21): Hazard
 03/24/2025     1 C A C A C A C A C A   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Risk Ability to Repay[redacted]: Originator Loan Designation of Non [redacted] does not match Due Diligence Loan Designation of [redacted] Risk. Loan Designation discrepancy is due to excess calculated DTI. Calculated DTI of [redacted] exceeds maximum allowed DTI. [redacted] does not include [redacted] Auto loans totaling[redacted] in DTI calculation and is reflecting a total DTI of[redacted]. Lender exception in file allows DTI to [redacted]. Documentation to exclude these auto payments not found in file.       Reviewer Comment (2025-03-27): Cleared. Received update income documentation.


Buyer Comment (2025-03-25): Updated income docs
 03/27/2025     1 B A C A B A C A B A   AL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223036623 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General [redacted]Provision Investor and Non[redacted] DTIs match and both significantly exceed Guidelines Ability to Repay[redacted]): The DTI calculated in accordance with the Lenders Guidelines and[redacted] of [redacted] significantly exceeds the guideline maximum of [redacted]. [redacted]Exception requires compelling compensating factors to consider regrading to[redacted].) ATR failure is due to excess calculated DTI. Calculated DTI of [redacted] exceeds maximum allowed DTI. [redacted] does not include [redacted]Auto loans totaling [redacted]in DTI calculation and is reflecting a total DTI of [redacted]. Lender exception in file allows DTI to [redacted]. Documentation to exclude these auto payments not found in file.       Reviewer Comment (2025-03-27): Received updated income document


Buyer Comment (2025-03-25): Updated income
 03/27/2025     1 C A C A C A C A C A   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated DTI of[redacted] exceeds maximum allowed DTI. [redacted] does not include [redacted]Auto loans totaling [redacted] in DTI calculation and is reflecting a total DTI of [redacted]. Lender exception in file allows DTI to [redacted]. Documentation to exclude these auto payments not found in file.       Reviewer Comment (2025-03-27): Cleared. Received update income documentation.


Buyer Comment (2025-03-25): Updated income
 03/27/2025     1 C A C A C A C A C A   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted]risk. ATR failure is due to excess calculated DTI. Calculated DTI of [redacted] exceeds maximum allowed DTI. [redacted]does not include [redacted]Auto loans totaling[redacted] in DTI calculation and is reflecting a total DTI of [redacted]. Lender exception in file allows DTI to [redacted]. Documentation to exclude these auto payments not found in file.       Reviewer Comment (2025-03-27): Cleared. Received update income documentation.


Buyer Comment (2025-03-25): Updated income
 03/27/2025     1 C A C A C A C A C A   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested to allow [redacted] LTV with max allowed of [redacted] for FTHB. [redacted]Lender Exceptions approved with conditions: 1) LTV not to exceed [redacted], 2) Occupant borrower must have [redacted] of PP contributed to the transaction from own funds, 3) Provide third party verification B2 will maintain their visa status with relocation, 4) Verify reserves in the amount not less than program requirements. Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): Preapproved Exception
     03/18/2025 2 B B B B B B B B B B   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested for [redacted] LTV using Foreign Income.

[redacted] Lender Exceptions approved with conditions: 1) LTV not to exceed [redacted], 2) Occupant borrower must have [redacted] of PP contributed to the transaction from own funds, 3) Provide third party verification B2 will maintain their visa status with relocation, 4) Verify reserves in the amount not less than program requirements.		 Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): Preapproved exception
     03/18/2025 2 B B B B B B B B B B   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested for Occupant [redacted]% own funds.

[redacted]Lender Exceptions approved with conditions: [redacted]) LTV not to exceed [redacted]%, [redacted]) Occupant borrower must have [redacted]% of PP contributed to the transaction from own funds, [redacted]) Provide third party verification B[redacted] will maintain their visa status with relocation, [redacted]) Verify reserves in the amount not less than program requirements.		 Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): preapproved exception
     03/18/2025 2 B B B B B B B B B B   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036623 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested for Occupant max DTI of [redacted]%.

[redacted] Lender Exceptions approved with conditions: [redacted]) LTV not to exceed [redacted]%, [redacted]) Occupant borrower must have [redacted]% of PP contributed to the transaction from own funds, [redacted]) Provide third party verification [redacted][redacted] will maintain their visa status with relocation, [redacted]) Verify reserves in the amount not less than program requirements.		 Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-18): Preapproved exception
     03/18/2025 2 B B B B B B B B B B   AL Primary Purchase   C B C B C A A A Non QM Non QM No
223036638 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender requested an exception which was approved for a cash out refinance of an [redacted]property utilizing ICF to qualify at a [redacted]% LTV and [redacted]credit score. [redacted] requires a minimum score of [redacted]to qualify for a [redacted]% LTV.
We're requesting a [redacted]%LTV exception for a cash out refinance to [redacted]% LTV. The borrower has several years of investment experience. $[redacted]cash out = [redacted]months reserves. Pulling borrower out of private ballon note at [redacted]% Fico now [redacted]requesting exception to LTV [redacted], which is [redacted]% over max per guides.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower's Experience/Track Record		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Experience/Track Record. The borrower has: [redacted] of Experience.		 Aggregator,SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-03-21): Client elects to waive with compensating factors.


Buyer Comment (2025-03-19): [redacted] Month Rent and Security uploaded
     03/21/2025 2 C B C B C B C B C B   MA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223036638 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Lender requested an exception which was approved for a cash out refinance of an [redacted]property utilizing [redacted] to qualify at a [redacted]% LTV and [redacted]credit score. [redacted] requires a minimum score of [redacted]to qualify for a [redacted]% [redacted].
We're requesting a [redacted]%LTV exception for a cash out refinance to [redacted]% LTV. The borrower has several years of investment experience. $[redacted]cash out = [redacted]months reserves. Pulling borrower out of private ballon note at [redacted]% Fico now [redacted]requesting exception to LTV [redacted], which is [redacted]% over max per guides.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower's Experience/Track Record		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Experience/Track Record. The borrower has: [redacted] of Experience.		 Aggregator,SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-03-21): Client elects to waive with compensating factors.


Buyer Comment (2025-03-19): [redacted] Month Rent and Security uploaded
     03/21/2025 2 C B C B C B C B C B   MA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223036638 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for our borrower is requesting a cash out refinance of an investment property utilizing [redacted] to qualify at a [redacted]% LTV and [redacted]credit score. [redacted] requires a minimum score of [redacted]to qualify for a [redacted]% LTV. Comments from LO: We've  requesting a [redacted]% LTV exception for a cash out refence to [redacted]% LTV. The borrower has several years of investment experience . $[redacted]cash out= [redacted]month s reserves. Pulling borrower out of private balloon note at [redacted]%... Updated [redacted]: FICO now [redacted]Requesting exception to [redacted]%, which is [redacted]% over over max per guiled ([redacted]) Rents not received for [redacted] months but s but both units will be occupied starting [redacted]. Documented via leases and [redacted]st month/security deposit for both.  Lender exception with COUNTEROFFER [redacted]% LTV Max, Minimum [redacted] [redacted], Minimum [redacted]years PPP. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower's Experience/Track Record		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Experience/Track Record. The borrower has: [redacted] of Experience.		 Aggregator,SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-03-21): Client elects to waive with compensating factors.


Buyer Comment (2025-03-19): [redacted] Months Rent and Security
     03/21/2025 2 C B C B C B C B C B   MA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223036638 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-02): Lease agreement is already available in the file. Exception Cleared.


Buyer Comment (2025-04-01): Please update rental income to [redacted]month per leases in file
 04/02/2025     1   A   A   A   A   A   MA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223038902 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing       Reviewer Comment (2025-03-21): E-Sign Consent Agreement received and updated. Exception cleared


Buyer Comment (2025-03-21): Updated Compliance Report
 03/21/2025     1 C A C A C A C A C A   OH Primary Purchase   C B C A C B A A Non QM Non QM No
223038902 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal fee increased from $[redacted]to $[redacted]without any valid changed circumstances, no cure was provided.       Reviewer Comment (2025-04-09): [redacted] received corrected PCCD and LOE.


Buyer Comment (2025-04-08): Updated PCCD


Reviewer Comment (2025-04-07): [redacted] received PCCD and LOE adding the fee under inner column cure of section [redacted], but the updated CD is showing total credit of[redacted] and[redacted]as cure which is increased from actual credit provided. Please provide CD with credit and cure is [redacted] under section J.


Buyer Comment (2025-04-04): Updated PCCD


Reviewer Comment (2025-04-02): [redacted] received rebuttal that cure was already provided on final CD but on final CD the credit provided of [redacted]is general lender credit and it was not updated under inner column of section J with verbiage "Credit for increase in closing cost above legal limit". Please provide corrected [redacted] with cure amount updated under section J of the CD along with th[redacted] explaining why it was not updated on final CD.


Buyer Comment (2025-03-31): This cure is listed at the bottom of page [redacted] of the CD as a lender credit. Cure was provided at closing.


Reviewer Comment (2025-03-31): [redacted] received PCCD and LOE, however no cure documents or valid [redacted] for increase of appraisal fee. A valid Changed Circumstance or cure is required.  Cure documents consist o[redacted], proof of mailing & copy of refund check.


Buyer Comment (2025-03-27): PCCD
   04/09/2025   2 C B C B C B C B C B   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223038902 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Survey fee of $[redacted]was added without any valid changed circumstances, no cure was provided.       Reviewer Comment (2025-04-07): [redacted] received updated PCCD and email confirmation that fee not required by lender.


Buyer Comment (2025-04-04): Title Attestation


Reviewer Comment (2025-03-31): [redacted] received PCCD and[redacted] moving the fee to sec H, however we also require attestation confirming whether title or lender required the survey.
 04/07/2025     1 C A C A C A C A C A   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223038904 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Non-QM Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-09): Business Purpose Certificate is provided. Exception Cleared.


Buyer Comment (2025-04-09): Business Purpose Cert
 04/09/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223038904 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   The loan file does not document the Borrower's ownership percentage in the business funds that were used for closing reserves (accounts ending [redacted]and [redacted]-[redacted]). CPA letter for[redacted] Holding does not state the Borrower's ownership percentage.       Reviewer Comment (2025-03-24): Initial package had CPA letter. Exception cleared.


Buyer Comment (2025-03-21): Please reference page [redacted] which states[redacted]ownership and cancel/waive the condition.
 03/24/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223039151 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception approved to allow for [redacted]. Borrower's home was on the market and a rolling [redacted]day late turned into a [redacted]day late due to the timing of the sale and payoff. We have the final CD showing the home has been sold [redacted].  Compensating factor: Minimal Consumer Debt.  Approval conditions of maximum [redacted] LTV, Maximum DTI [redacted], Minimum Fico [redacted], [redacted]*[redacted] per the rate sheet, Document and source [redacted]months post- closing reserves, ACH from [redacted] account must be set up at closing, Credit Supplement to evidence [redacted] #[redacted]paid in full and closed, Subject to meeting all [redacted] guidelines requirements.  Unable to downgrade and waive due to missing lender compensating factors. Miscellaneous

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Loan to Value (LTV) on the loan is less than or equal to [redacted]%.		 Minimal Consumer debt

Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator

Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-27): Client elects to waive with compensating factors.


Buyer Comment (2025-03-25): See attached
     03/27/2025 2 C B C B C B C B C B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223039151 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect [redacted]  Security Instrument Provided on a [redacted] Non-Home Equity Loan [redacted] Security Instrument provided on a transaction determined not to be eligible for [redacted]. Potential contractual issue         Reviewer Comment (2025-03-26): Client elects to waive.
     03/26/2025 2 B B B B B B B B B B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
223041200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted]compared to the calculated Amount Financed of[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]. Final closing disclosure dated [redacted] disclosed a Total of payments of $[redacted] .  The calculated finance charge is $[redacted] creating a variance of $[redacted].       Reviewer Comment (2025-03-25): [redacted] received LOA.


Buyer Comment (2025-03-24): [redacted]Rebuttal & Title Attestation uploaded
 03/25/2025     1 C A C A C A C A C A   PA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223041200 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page[redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by[redacted] compared to the calculated Finance Charge of [redacted]which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]. Final closing disclosure dated [redacted] disclosed a Total of payments of $[redacted].  The calculated finance charge is $[redacted]creating a variance of $[redacted].       Reviewer Comment (2025-03-25): [redacted] received LOA.


Buyer Comment (2025-03-24): see the [redacted]Rebuttal & Title Attestation that was uploaded today
 03/25/2025     1 C A C A C A C A C A   PA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223041200 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   The Permanent resident alien card for the borrower is missing from the loan file.       Reviewer Comment (2025-03-28): Exception cleared. Received revised [redacted]correcting the citizenship of borrower and updated correctly.


Buyer Comment (2025-03-27): [redacted]


Reviewer Comment (2025-03-27): Unable to clear. Received email from borrower however both the initial and final[redacted]ndicate permanent resident alien.


Buyer Comment (2025-03-25): see email response from borrower
 03/28/2025     1 C A C A C A C A C A   PA Second Home Purchase   C A C A C A A A Non QM Non QM No
223041215 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of [redacted] of the loan amount or [redacted] Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___ Refi Purpose reflects Rate/Term and cash out greater than the lesser of [redacted]% of the loan amount or $[redacted].       Reviewer Comment (2025-03-25): Cleared. Borrower received the lesser of[redacted]r [redacted] of the new mortgage loan balance.


Buyer Comment (2025-03-21): Per Expanded guides: The maximum cash out cannot exceed the greater o[redacted] of the balance of the new refinance mortgage loan or[redacted]
 03/25/2025     1 C A C A C A C A C A   AZ Primary Refinance - Rate/Term   C A C A A A A A Non QM Non QM No
223041218 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]   [redacted] score is more than [redacted] and secondary valuation is missing.       Reviewer Comment (2025-03-24): Exception Cleared - Received secondary valuation [redacted] associated the same and data updated as per provided documents.


Buyer Comment (2025-03-24): [redacted]
 03/24/2025     1 D A D A D A D A D A   GA Primary Purchase   D B A A C B D A Non QM Non QM No
223041218 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal fee increased from $[redacted]to $[redacted]without any valid changed circumstances, $[redacted]Cure provided is insufficient.       Reviewer Comment (2025-03-26): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-25): [redacted] PCCD, Fed Ex, [redacted]Copy
   03/26/2025   2 C B C B C B C B C B   GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A C B D A Non QM Non QM Yes
223041218 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Credit report fee increased from $[redacted]to $[redacted]without any valid changed circumstances, $[redacted]Cure provided is insufficient.       Reviewer Comment (2025-03-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-21): [redacted] given on final cd, please cancel
   03/24/2025   2 C B C B C B C B C B   GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A C B D A Non QM Non QM Yes
223041221 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Insurance Policy Expiration Date is less than [redacted] days of the Note Date and does not have automatic renewal.   Renew Master Policy is required as current is expiring on [redacted].       Reviewer Comment (2025-03-27): In initial package[redacted] policy provided covering the note date. Exception Cleared.


Buyer Comment (2025-03-26): Please see attached, COA insurance agent has confirmed association is renewing
 03/27/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
223041221 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception in file approving the Non Warrantable [redacted] with investor concentration being greater than [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Combined Loan to Value: [redacted]%
Guideline Maximum Combined Loan to Value: [redacted]%

Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-19): Waived with compensating factors per lender exception approval at origination.
     03/19/2025 2 B B B B B B B B B B   FL Investment Purchase   C B C B     A A   N/A No
223041223 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number is missing in loan file.       Reviewer Comment (2025-03-21): Received Employer Identification Number. Exception cleared.


Buyer Comment (2025-03-20): [redacted]
 03/21/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223041223 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing in loan file.       Reviewer Comment (2025-03-21): Received Certificate of Good Standing. Exception cleared.


Buyer Comment (2025-03-20): Please see [redacted]documentation uploaded today
 03/21/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223041223 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Articles of Organization/ Formation is missing in loan file.       Reviewer Comment (2025-03-21): Received Articles of Organization/ Formation. Exception cleared.


Buyer Comment (2025-03-20): Please see [redacted]documentation uploaded today
 03/21/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223041223 [redacted] [redacted]   XXXX     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Per guideline loan amount greater than [redacted], Required [redacted] full appraisal. Provided only one full appraisal.       Reviewer Comment (2025-03-21): Received [redacted]full appraisal. Exception cleared.


Buyer Comment (2025-03-20): [redacted] Appraisal
 03/21/2025     1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-04-03): Client elects to waive.


Reviewer Comment (2025-03-31): Not received by borrower at leas[redacted] business days prior to close.


Buyer Comment (2025-03-27): Confirm all versions of appraisal to downgrade to [redacted]


Reviewer Comment (2025-03-25): Please provide borrower's acknowledgement of receiving the Appraisal Report on the same day[redacted]as Appraisal/Valuation download date is [redacted] which is not within [redacted]business days prior to consummation. Exception remains.


Buyer Comment (2025-03-24): Proof Revised appraisal sent to the borrower.
     04/03/2025 2 B B B B B B B B B B   FL Primary Purchase   D B D A C B A A Non QM Non QM No
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted]% or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.       Reviewer Comment (2025-03-31): Preliminary appraisal provided.


Buyer Comment (2025-03-27): Confirm all versions of appraisal to downgrade to[redacted]


Buyer Comment (2025-03-27): Confirm all versions of appraisal to downgrade to [redacted]


Reviewer Comment (2025-03-25): Please provide borrower's acknowledgement of receiving the Appraisal Report on the same day [redacted] as Appraisal/Valuation download date is [redacted] which is not within [redacted]business days prior to consummation. Exception remains.


Buyer Comment (2025-03-24): See upload
 03/31/2025     1 C A C A C A C A C A   FL Primary Purchase   D B D A C B A A Non QM Non QM No
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted]business days to closing.       Reviewer Comment (2025-03-31): Preliminary appraisal provided.


Buyer Comment (2025-03-27): Confirm all versions of appraisal to downgrade to[redacted]


Reviewer Comment (2025-03-25): Please provide borrower's acknowledgement of receiving the Appraisal Report on the same day [redacted]as Appraisal/Valuation download date is [redacted] which is not within [redacted]business days prior to consummation. Exception remains.


Buyer Comment (2025-03-24): See upload
 03/31/2025     1 C A C A C A C A C A   FL Primary Purchase   D B D A C B A A Non QM Non QM No
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. No [redacted] in file.       Reviewer Comment (2025-04-08): [redacted] received rate lock dated[redacted] for change in pricing due to change in rate.


Buyer Comment (2025-04-07): [redacted]


Reviewer Comment (2025-04-03): [redacted] received cure docs, but the cure provided is not sufficient to cure this exception. The discount points were increased on[redacted]dated[redacted] but no valid [redacted]is provided for increase in fee. Please provide a valid [redacted] or need cure.


Buyer Comment (2025-04-02): Cure Docs
 04/08/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure  Percent Fee [redacted]
 Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance o[redacted] Insufficient or no cure was provided to the borrower.		 [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. No COC in file.       Reviewer Comment (2025-04-03): [redacted]eceived Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-02): Cure Docs
   04/03/2025   2 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
223041300 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the initial [redacted] Rate Lock as required by the client's guidance.       Reviewer Comment (2025-03-25): Received Initial [redacted] Initial Rate Lock. Exception cleared.


Buyer Comment (2025-03-24): Initial Rate Lock
 03/25/2025     1 C A C A C A C A D A   FL Primary Purchase   D B D A C B A A Non QM Non QM No
223041300 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule ([redacted]): Creditor did not provide a copy of revised valuation to applicant [redacted] ([redacted]) business days prior to consummation. Not received by borrower at least [redacted]business days prior to close.       Reviewer Comment (2025-04-03): Client elects to waive.
     04/03/2025 2   B   B   B   B   B   FL Primary Purchase   D B D A C B A A Non QM Non QM No
223041316 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. The Appraisal receipt was not provided to the borrower with in [redacted]business days to the note date.       Reviewer Comment (2025-03-25): Client elects to waive.


Reviewer Comment (2025-03-24): Document provided does not specify [redacted]was sent.  Exception remains.


Buyer Comment (2025-03-20): [redacted]Communication Log for [redacted] sent to borrower. Please cancel
     03/25/2025 2 B B B B B B B B B B   MT Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
223041333 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: [redacted] Verification not provided           Reviewer Comment (2025-03-21): [redacted] provided. Exception cleared.


Buyer Comment (2025-03-20): [redacted]
 03/21/2025     1 C A C A C A C A C A   AZ Investment Purchase   C B C B     A A   N/A No
223041333 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset [redacted]Report is not on file.   Lender exception request -[redacted] is requesting to purchase an investment property utilizing [redacted]to qualify with an[redacted] market Score of [redacted] and Occupancy Rate of [redacted]%. Section [redacted]requires a minimum Market score and Occupancy Rate of [redacted].. Comment from the [redacted]: Use [redacted]less than [redacted]%. [redacted]below [redacted]greater than [redacted]% if we can use [redacted]calculation. Try not to have a [redacted]or the borrower will not proceed. Lender exception was approved with [redacted]% [redacted]max, Minimum [redacted][redacted], [redacted]No-PPP price adjustment applies Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted]. SitusAMC

SitusAMC

Originator		 Reviewer Comment (2025-03-19): Lender exception with compensating factors.
     03/19/2025 2 B B B B B B B B B B   AZ Investment Purchase   C B C B     A A   N/A No
223041354 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception-our borrower is requesting to purchase an investment property utilizing [redacted] to qualify and does not own their current residence. Section [redacted] requires the borrower to own current residence to be eligible for a Landlord History [redacted]. Comments from the [redacted]: Borrower has landlord history<[redacted]mo. Borrower purchases an investment home with us earlier in [redacted], we brokered it through [redacted] lending. This is a past client of [redacted]and has improved their credit score since their first purchase. The property is the same sq footage, bed/bath, and same neighborhood as the other investment home they own. Their other property rents for $[redacted]/mo and has an active lease agreement , which will give them a+[redacted] [redacted]. The borrower also has +[redacted]/mo of reserves. We've also helped their mother finance investment properties in years past ( [redacted], Loan #[redacted]). Lender exception approved with Max [redacted]% L[redacted]TV, Min [redacted]year PPP, Subject to VOR supporting [redacted], Borrower to meet minimum reserve requirement


Lender exception at origination to purchase an investment for utilizing [redacted] to qualify and does not own their current residence. Section [redacted]requires the borrower to own their own current residence to be eligible for a Landlord History Waiver.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The qualifying [redacted] on the loan is greater than the guideline minimum.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		 Reserves [redacted]+ more than requirement.

The [redacted] of [redacted]

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		 Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC,Originator

SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-03-19): Lender exception with compensating factors.
     03/19/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
223041513 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $ [redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-21): [redacted]
 03/24/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223041513 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted] .  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-24): Sufficient Cure Provided At Closing
   03/24/2025   1   A   A   A   A   A   CA Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223049763 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline The subject property closed as investment property, non-warrantable condo with a LTV > [redacted]%, which is not permitted by guides. LTV: ___ Lender exception approved to allow non-warrantable condo due to insurance written on basic form with actual cash value. Insurance is written on Basic Form with an Actual Cash Valuation in lieu of guidelines, special or broad form and written on Replacement Cost Valuation. Compensating factors of LTV, FICO, DTI, residual income and long term employment. Condition of the counteroffer is a maximum of [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI [redacted]% or more under requirement

Long term employment over [redacted] years

Residual Income $[redacted]k or more

Long term employment over [redacted] years

FICO [redacted] points or more above requirement		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-20): Lender granted exception approval with compensating factors in loan file.
     03/20/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223049764 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC for the business entity is missing.       Reviewer Comment (2025-03-28): Provided [redacted]search result of borrowing business entity. Exception cleared.


Buyer Comment (2025-03-27): see attached


Buyer Comment (2025-03-27): Please see attached
 03/28/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
223049764 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-03-24): Business Purpose Certificate is provided. Exception Cleared.


Buyer Comment (2025-03-21): Please see attached
 03/24/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
223049764 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   The borrowing entity was formed in [redacted] and the property is located in the state of [redacted].  The file is missing the Certificate of Good Standing from the state of [redacted].       Reviewer Comment (2025-03-26): Certificate of Good Standing is required. Exception Remains.


Buyer Comment (2025-03-25): Please see attached
 03/26/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
223049765 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement not provided.       Reviewer Comment (2025-03-24): Received E-sign consent agreement, Exception cleared.


Buyer Comment (2025-03-21): E-Sign Consent
 03/24/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
223049765 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee disclosed as $[redacted]on LE dated [redacted], but disclosed as $[redacted]on Final Closing Disclosure. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-09): [redacted]received corrected CCD and LOE reconciled with final [redacted]


Buyer Comment (2025-04-08): Hello, Please review the final settlement statement that was uploaded on [redacted] We are currently in balance with the title company.

 

The credit shown as [redacted] in section J reflects adjustments made to the Title Fees, as well as the reduction in the recording fee. These changes brought us into balance with the final figures provided by the title company.


Reviewer Comment (2025-04-08): [redacted] received[redacted] and LOE. The PCCD provided shows complete [redacted] as cure however, as per previous comments the cure amount provided at closing is[redacted]. Please provide corrected PCCD to re-evaluate the exception.


Buyer Comment (2025-04-07): [redacted] PCCD


Buyer Comment (2025-04-04): [redacted]


Reviewer Comment (2025-04-03): [redacted] received PCCD and [redacted] with reduced recording fee and increased lender credit from[redacted]to [redacted]. But the cure provided is still not updated under inner column of section J as "Credit provided for exceeding the fee from legal limit" also, provide[redacted]final SS to finalize the fee and validating the fees charged at closing.


Buyer Comment (2025-04-01): [redacted] PCCD


Reviewer Comment (2025-03-25): [redacted] Lender Credit and Lender Cure are different amounts. Provided lender Credit[redacted]cannot be consider as lender cure as Cure amount is not mentioned under section J inner column. If Lender credit[redacted] is provided for exceeding Appraisal fee than provide Corrected Pccd and[redacted]updated with [redacted] under section J inner column.


Buyer Comment (2025-03-24): [redacted]
   04/09/2025   2 C B C B C B C B C B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
223049765 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requested and counteroffered for [redacted]months PITIA reserves to be documented and Gift funds may not be used for reserves. Unable to downgrade and waive due to missing lender compensating factors. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-09): Client elects to waive with compensating factors.


Buyer Comment (2025-04-07): [redacted]


Reviewer Comment (2025-03-26): The exception request form provided is not related to the exception request approval for [redacted]months reserves in lieu of[redacted]months.


Buyer Comment (2025-03-21): See page[redacted] and attached
     04/09/2025 2 C B C B C B C B C B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
223049884 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Appraisal transfer letter is missing.       Reviewer Comment (2025-03-26): cleared. appraisal transfer letter is located in the file.


Buyer Comment (2025-03-24): Please cancel condition


Buyer Comment (2025-03-24): Please see [redacted] pgs [redacted] for appraisal transfer letter.
 03/26/2025     1 B A B A B A B A B A   TX Investment Purchase   B A A A A A B A N/A Exempt from ATR No
223052924 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was requested for landlord history waiver as subject property property is vacant. Borrowers are requesting for cash out refinance of a vacant property. Our borrower is requesting exception a cash out refinance of a vacant investment property utilizing [redacted] to qualify while not being able to meet the requirement for a Landlord History  Waiver. Section [redacted] requires at least [redacted]consecutive months of rent receipt to qualify for a waiver. Borrowers DO meet LTV reduction requirements for vacant property. They do not have landlord history. Borrower are refinancing this property to get cash out  and complete the renovations requirement to rent this property out. Comment from the LO [redacted] requires of rental management. This is an extremely strong loan and the LTV is [redacted]% . They only need  about [redacted]K to do the updates needed to rent out the home. They already have a tenant lines up and willing to pay $[redacted]per month with a - year lease. Lender exception was approved with [redacted]% LTV Max, Min [redacted] [redacted], minimum [redacted]years PPP, Subject to a minimum [redacted]months or longer lease with Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The qualifying [redacted] on the loan is greater than the guideline minimum.

Miscellaneous		 The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The [redacted] of [redacted] or greater

Long term homeownership > [redacted].		 SitusAMC

Originator,SitusAMC

Originator,SitusAMC

Originator

Originator		 Reviewer Comment (2025-03-20): Lender exception with compensating factors.
     03/20/2025 2 B B B B B B B B B B   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223052924 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The loan file does not document that the judgements attached to the subject property were paid at or prior to closing.       Reviewer Comment (2025-03-25): Cleared. Received borrower affidavit.


Buyer Comment (2025-03-21): Not Me Affidavit
 03/25/2025     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223052926 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document ACH was missing from file.   ACH Verification is missing in file.       Reviewer Comment (2025-03-24): [redacted]s required for foreign national and borrower in loan is a non permanent resident alien residing in the [redacted]. [redacted]is not required. Exception Cleared


Buyer Comment (2025-03-21): ACH Verification is not a requirement under the Signature Expanded Investor Cash Flow [redacted]guidelines; Please waive condition
 03/24/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223052937 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-25): [redacted]) resulting in a cleared exception.


Buyer Comment (2025-03-24): Rebut
 03/25/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223052937 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. The personal tax returns provided is not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted].       Reviewer Comment (2025-03-26): Client elects to waive.


Buyer Comment (2025-03-24): Income. The p&l as well as the balance sheet are in the portal[redacted]
     03/26/2025 2 B B B B B B B B B B   NJ Primary Purchase   C B A A C B A A Non QM Non QM No
223052937 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-27): [redacted] Received LOE stating Survey required by title.


Buyer Comment (2025-03-26): title docs


Buyer Comment (2025-03-25): The [redacted] is a survey endorsement not the survey fee, so essentially the survey fee doesn't apply in this circumstance.


Reviewer Comment (2025-03-25): [redacted] is unable to determine from the file whether the lender or title company requried the survey.  If the lender required the survey fee then a cure is due to the borrower.  If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed.  The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected.


Buyer Comment (2025-03-24): Rebut
 03/27/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223052937 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing
   03/27/2025   1   A   A   A   A   A   NJ Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
223053816 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Note - Subject Lien is missing in file.       Reviewer Comment (2025-03-25): Received executed Note - Subject Lien in the file. Exception Cleared.


Buyer Comment (2025-03-24): Disregard previous note. Read the condition wrong. See Note uploaded.


Buyer Comment (2025-03-24): Please advise on this condition. The subject is a purchase. The borrower doesn't have a 2nd lien.
 03/25/2025     1 D A D A D A D A D A   FL Investment Purchase   D A D A     A A   N/A No
223053816 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment is missing in file.       Reviewer Comment (2025-03-25): Received Note Addendum - Prepayment in the file. Exception Cleared.


Buyer Comment (2025-03-24): Note Addendum
 03/25/2025     1 C A C A C A C A C A   FL Investment Purchase   D A D A     A A   N/A Yes
223053816 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider [redacted] Family not provided   Rider - [redacted] Family is missing in file.       Reviewer Comment (2025-03-25): Received Rider - [redacted]Family in the file. Exception Cleared.


Buyer Comment (2025-03-24): [redacted] Family Rider
 03/25/2025     1 C A C A C A C A C A   FL Investment Purchase   D A D A     A A   N/A No
223053816 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - ARM not provided   Rider - ARM is missing in file.       Reviewer Comment (2025-03-25): Received ARM rider in the file. Exception Cleared.


Buyer Comment (2025-03-24): Arm Rider
 03/25/2025     1 C A C A C A C A C A   FL Investment Purchase   D A D A     A A   N/A No
223053816 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   Rider - PUD is missing in file.       Reviewer Comment (2025-03-25): Received PUD rider in the file. Exception Cleared.


Buyer Comment (2025-03-24): PUD Rider
 03/25/2025     1 C A C A C A C A C A   FL Investment Purchase   D A D A     A A   N/A No
223054144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. Revised Appraisal report dated [redacted] is missing evidence of receipt.       Reviewer Comment (2025-03-25): Delivery evidence received.


Buyer Comment (2025-03-21): Appraisal sent
 03/25/2025     1 B A B A B A B A B A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
223054144 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. [redacted] Subprime Loan: Counseling Disclosure is missing.       Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other No obvious cure B B A A B B A A Non QM Non QM No
223054144 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than [redacted] Year ARM Non-Compliant [redacted]  Subprime Loan: APR on subject loan of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant SubPrime Loan. [redacted]       Reviewer Comment (2025-03-21): Client elects to waive.
     03/21/2025 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other (Limited Use Bona Fide Errors - Compliance and Client Approval Required)  With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier).  Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. B B A A B B A A Non QM Non QM Yes
223054144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-18): Sufficient Cure Provided At Closing
   03/18/2025   1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
223054164 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the [redacted] Rate Lock as required by the client's guidance.       Reviewer Comment (2025-03-24): Received[redacted]Rate lock document, information validated. Exception Cleared.


Buyer Comment (2025-03-21): Initial Rate Lock
 03/24/2025     1 C A C A C A C A D A   NV Primary Purchase   D A D A A A A A Non QM Non QM No
223056332 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted]Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Discount Points Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-25): [redacted] received a valid COC.


Buyer Comment (2025-03-24): See attached
 03/25/2025     1 C A C A C A C A C A   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223056332 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception has been raised for Rural property >[redacted]% LTV. Exception requested for eligibility of subject property. The subject is a legally zoned [redacted]bd/[redacted] ba SFR located in a rural area with [redacted] acres, well water, and septic sewer.
Exception has been approved
1. [redacted]% LTV max
2. [redacted]DTI Max
3. Subject to meeting all other [redacted] guideline requirements.		 Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Residual Income $[redacted]k or more SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-21): Lender granted exception approval with compensating factors in loan file.
     03/21/2025 2 B B B B B B B B B B   OH Primary Purchase   C B B B C A A A Non QM Non QM No
223056332 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception has been raised for borrower has deferred student loans. Branch want to use [redacted]% for monthly payments instead of [redacted]% of payment per guidelines. Lender exception request Borrower is purchasing a primary ,owns primary-pending sale, has deferred student loans and guidelines require [redacted]% of balance, branch requesting to use .[redacted]% of balance for payments. Residual income is [redacted]K, minimal consumer debt, [redacted]months reserves. Lender exception was approved  [redacted]% LTV max , [redacted] DTI max, Subject to meeting all other [redacted] guideline requirements. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Residual Income $[redacted]k or more SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-21): Lender granted exception approval with compensating factors in loan file.
     03/21/2025 2 B B B B B B B B B B   OH Primary Purchase   C B B B C A A A Non QM Non QM No
223056367 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception to permit self-employment less than [redacted]months. Borrower is requesting a cash out refinance of primary residence utilizing bank statements to qualify including income from self-employment [redacted]months. Section [redacted]requires an exception when self-employed less than [redacted]months in the same business. Borrower's credit score may have increased due to paying some accounts down and off by following [redacted]. Requesting [redacted] enrollment/[redacted] business income to be included. Borrowers are self-employed business owners. They sell insurance policies to various corporations through Benefits for [redacted]. They also sell wellness plans to these some companies through [redacted] Enrollment/[redacted]. Borrower's started [redacted] Enrollment DBA business in [redacted]. Due to continued growth in the company, they incorporated their business in [redacted] [redacted]and changed the name to [redacted] the same time.
Compensating factors:
Loan to Value [redacted]% or more under requirement.
FICO [redacted]points or more above requirement.
Residual Income $[redacted]k or more.
Long term Employment (>[redacted]years)
Long term Homeownership (>[redacted]years)

The exception was approved with -[redacted]exception LLPA.
Exception conditions:
Maximum [redacted]% LTV.
Document additional six months PITIA reserves.
Provide satisfactory supporting documentation [redacted] previous years employment in the same line of work, with no gap before commencing self-employment. The deposit trend must be stable.
Provide a CPA, EA or licensed tax preparer with a letter and/or third-party documentation constituting an equivalent verifying self-employment.
Subject to meeting all other [redacted] guideline requirements.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 FICO [redacted] points or more above requirement

Long term employment over [redacted] years

Long term homeownership over [redacted] years

Residual Income $[redacted]k or more

Long term employment over [redacted] years		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-21): Lender granted exception approval with compensating factors in loan file.
     03/21/2025 2 B B B B B B B B B B   AL Primary Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
223056367 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-19): Sufficient Cure Provided At Closing
   03/19/2025   1 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
223056383 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Appraisal Transfer Letter is missing.       Reviewer Comment (2025-03-26): Appraisal Transfer Letter received, Exception Cleared.


Buyer Comment (2025-03-25): appraisal transfer letter
 03/26/2025     1 B A B A B A B A B A   PA Primary Refinance - Cash-out - Other   C A A A C A B A Non QM Non QM No
223056383 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-03-25): Appraisal delivery confirmation document was provided, Exception Cleared.


Buyer Comment (2025-03-23): see [redacted] in your file for proof of delivery already given --please cancel condition
 03/25/2025     1 B A B A B A B A B A   PA Primary Refinance - Cash-out - Other   C A A A C A B A Non QM Non QM No
223056383 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate.       Reviewer Comment (2025-03-25): [redacted]received LOA


Buyer Comment (2025-03-24): Title Email for Tax Cert Fee uploaded
 03/25/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A A A C A B A Non QM Non QM Yes
223056383 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance charge disclosed on Final Closing Disclosure as $[redacted]Calculated Finance Charge is $[redacted]for an over disclosed amount of $[redacted]. Reason for Finance Charge over disclosure is unknown       Reviewer Comment (2025-03-25): [redacted] received LOA


Buyer Comment (2025-03-24): see Title Email for Tax Cert Fee uploaded today
 03/25/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A A A C A B A Non QM Non QM Yes
223056392 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted] business days prior to consummation. Copy of appraisal is required to be delivered to borrower within [redacted] business days prior to closing.       Reviewer Comment (2025-03-24): [redacted]elects to waive.
     03/24/2025 2 B B B B B B B B B B   NY Investment Purchase   C B C B B B A A N/A Exempt from ATR No
223056392 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request -Borrower has [redacted] rentals with new leases started recently. We have cash deposits for rents [redacted]. Borrower has owned primary residence for over [redacted] years. she has good landlord history. Good credit pay history with no mortgage lates. Will have strong reserves verified and strong residual income. Lender exception was approved with maximum [redacted] [redacted], Maximum DTI [redacted], Document and source as within [redacted] guidelines requirements, Minimum [redacted] year PPP. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has verified disposable income of at least $[redacted]. SitusAMC

Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-21): [redacted]exception with compensating factors.
     03/21/2025 2 B B B B B B B B B B   NY Investment Purchase   C B C B B B A A N/A Exempt from ATR No
223056392 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum provided not executed       Reviewer Comment (2025-03-26): Received [redacted]addendum-[redacted][redacted], Exception cleared.


Buyer Comment (2025-03-25): Prepay
 03/26/2025     1 C A C A C A C A C A   NY Investment Purchase   C B C B B B A A N/A Exempt from ATR Yes
223056393 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Business Bank Statement for the month of [redacted] [redacted]       Reviewer Comment (2025-04-01): Business Bank Statement of [redacted] month received and associated. Exception Cleared.


Buyer Comment (2025-04-01): [redacted]  Bank Statement provided.


Buyer Comment (2025-04-01): [redacted] Bank Statement


Reviewer Comment (2025-03-26): Unable to clear. Verification of most recent [redacted]months of business bank statements from application date is required.


Buyer Comment (2025-03-24): Please cancel, the bank statement dated [redacted]is not required, as the statement provided dated[redacted] is within [redacted]days of the note date, per guidelines requirements.
 04/01/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223056393 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing Business Bank Statement covering a [redacted] -month period from [redacted] to [redacted].       Reviewer Comment (2025-04-01): Business Bank Statement of [redacted]  month received and associated. Exception Cleared.


Reviewer Comment (2025-03-26): Unable to clear. Verification of most recent [redacted]months of business bank statements from application date is required.


Buyer Comment (2025-03-24): Please cancel, the bank statement dated[redacted] not required, as the statement provided dated [redacted] within [redacted] days of the note date, per guidelines requirements.
 04/01/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223056393 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted]Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of [redacted] Risk. Loan designation discrepancy due to missing Business Bank Statement covering a [redacted] -month period from [redacted] to [redacted].       Reviewer Comment (2025-04-01): Business Bank Statement of [redacted]  month received and associated. Exception Cleared.


Buyer Comment (2025-04-01): [redacted]  Bank Statement provided.
 04/01/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223056393 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted] Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Missing Business Bank Statement covering a [redacted] -month period from [redacted] to [redacted].       Reviewer Comment (2025-04-01): Business Bank Statement of[redacted] month received and associated. Exception Cleared.


Buyer Comment (2025-04-01): [redacted]  Bank Statement provided.
 04/01/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223056393 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted] risk. Missing Business Bank Statement covering a [redacted] -month period from [redacted] to [redacted]       Reviewer Comment (2025-04-01): Business Bank Statement of [redacted]  month received and associated. Exception Cleared.


Buyer Comment (2025-04-01): [redacted]  Bank Statement provided.
 04/01/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223056591 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-03-25): Delivery evidence received.


Buyer Comment (2025-03-24): [redacted]Conf
 03/25/2025     1 B A B A B A B A B A   NC Primary Purchase   B A A A B A A A Non QM Non QM No
223056803 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of the CDA (value difference from the appraisal) to applicant [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-03-26): [redacted]delivery confirmation document received, Exception Cleared.


Buyer Comment (2025-03-25): See attached, you have the document in your received files. This was sent a month ago, well before[redacted]days prior to closing on the [redacted]
 03/26/2025     1 B A B A B A B A B A   NY Primary Purchase   C A A A C A A A Non QM Non QM No
223056803 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] ([redacted]) days of application. ARM loan program disclosure not provided to the borrower within [redacted] ([redacted]) days of application.       Reviewer Comment (2025-04-01): [redacted]disclosure provided date updated correctly. Exception cleared.


Buyer Comment (2025-03-28): Please see attached, document was sent o[redacted]


Reviewer Comment (2025-03-27): The earliest Arm Disclosure in file has an electronic transmission header reflected the date of[redacted]and was signed by the borrower's the same date.  Please provide evidence the borrower's received an Arm Disclosure within [redacted]business days of the[redacted]tial application date.


Buyer Comment (2025-03-25): Please review your internal documents [redacted]([redacted][redacted]Disclosure) and [redacted]-[redacted]([redacted]disclosure). Please cancel this condition as it is invalid, the documents needed have already been provided.
 04/01/2025     1 C A C A C A C A C A   NY Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223057081 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Lender's Title Insurance disclosed as [redacted] on LE dated [redacted], but disclosed as [redacted] on Final Closing Disclosure. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-03-28): Upon further review the title insurance disclosure is acceptable.


Buyer Comment (2025-03-26): TRID [redacted]
 03/28/2025     1 C A C A C A C A C A   WI Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223057082 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-24): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-03-21): econsent uploaded
 03/24/2025     1 C A C A C A C A C A   WA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223062361 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are underdisclosed. Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are under disclosed due to the [redacted] reflecting a monthly [redacted] HOA fee.       Reviewer Comment (2025-03-27): [redacted]received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2025-03-26): [redacted]& [redacted]UPDATED


Reviewer Comment (2025-03-26): [redacted]the [redacted]dated [redacted] that was provided in the trailing images was also provided in the original loan package. Provide updated [redacted]with Non escrow property costs to reevaluate this exception.


Buyer Comment (2025-03-25): [redacted]& pccd uploaded
   03/27/2025   2 C B C B C B C B C B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
223062361 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of [redacted] Risk. The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The [redacted]from the sale of real estate has been used and fully executed Seller Closing Disclosure has been [redacted]in file.


Buyer Comment (2025-03-25): cd for sale of departing residence uploaded
 03/26/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
223062361 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted] Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The [redacted]from the sale of real estate has been used and fully executed [redacted]Closing Disclosure has been [redacted]in file.


Buyer Comment (2025-03-25): [redacted] --cd for sale of departing residence uploaded
 03/26/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
223062361 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted] risk. The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The Proceeds from the sale of real estate has been used and fully executed Seller Closing Disclosure has been [redacted]in file.


Buyer Comment (2025-03-25): [redacted] --cd for sale of departing residence uploaded
 03/26/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
223062361 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The [redacted]from the sale of real estate has been used and fully executed Seller [redacted] Disclosure has been [redacted]in file.


Buyer Comment (2025-03-25): [redacted] --cd for sale of departing residence uploaded
 03/26/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
223062361 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: [redacted] reserves months discrepancy.   The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The Proceeds from the sale of real estate has been used and fully executed Seller Closing Disclosure has been associated in file.


Buyer Comment (2025-03-25): [redacted] --cd for sale of departing residence uploaded
 03/26/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
223062361 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   The loan file does not contain a final, executed copy of the final settlement statement for the sale of the borrower's departing residence.       Reviewer Comment (2025-03-26): Exception cleared - The Proceeds from the sale of real estate has been used and fully executed Seller Closing Disclosure has been associated in file.


Buyer Comment (2025-03-25): [redacted] --cd for sale of departing residence uploaded
 03/26/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
223062363 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-Sign Consent Agreement is missing.       Reviewer Comment (2025-03-26): [redacted] Consent Agreement received & associated. Exception cleared.


Buyer Comment (2025-03-24): Please see attached
 03/26/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223062364 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Insufficient assets documentation.       Reviewer Comment (2025-03-25): [redacted] ([redacted]) is considered [redacted]% as per [redacted], and the reserves requirements have been met. Exception Cleared.


Buyer Comment (2025-03-25): Reserves are $$[redacted]+ [redacted]of $[redacted]= $[redacted].This is the amount we have in verified assets. Why is this insufficient? Please waive as invalid.
 03/25/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223062393 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-25): [redacted]cleared. Received document and updated correctly.


Buyer Comment (2025-03-24): [redacted] Consent
 03/25/2025     1 C A C A C A C A C A   NC Primary Purchase   C A C A A A A A Non QM Non QM No
223062512 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.         Reviewer Comment (2025-03-24): [redacted]elects to waive.
     03/24/2025 2 B B B B B B B B B B   TX Primary Purchase   C B B B C B A A Non QM Non QM No
223062512 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. cure was provided to the borrower however COC required for the same       Reviewer Comment (2025-03-27): [redacted]cure provided. Full cure amount for tolerance violation was provided at or before closing (on final [redacted]) resulting in a cleared exception.


Buyer Comment (2025-03-26): Please see [redacted]pg [redacted]. The variance was cured on the Final Closing Disclosure in [redacted][redacted] for $[redacted].  Please be advised that the [redacted]rounds figures up, whereas the Closing Disclosure does not. Therefore, the tolerance cure shown in [redacted]of the Closing Disclosure is accurate, and no changes are needed.
 03/27/2025     1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
223062512 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request is needed due to Section 9.9:Rural Property >[redacted]. Exception request for eligibility of subject property. The Subject is a [redacted] bd/6.2 ba PUD located in a rural area with <[redacted] acre, well water, ans septic sewer The subject has no zoning ([redacted]), and the appraiser confirmed the subject can be rebuilt. Lender exception was approved Max [redacted].  Compensating factors of FICO, DTI, residual income, long term employment and long term homeownership. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI [redacted]% or more under requirement

Long term employment over [redacted] years

Residual Income $[redacted]k or more

Long term employment over [redacted] years

FICO [redacted] points or more above requirement		 SitusAMC,Aggregator

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-21): [redacted]granted exception approval with compensating factors in loan file.
     03/21/2025 2 B B B B B B B B B B   TX Primary Purchase   C B B B C B A A Non QM Non QM No
223062512 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing
   03/27/2025   1   A   A   A   A   A   TX Primary Purchase Final CD evidences Cure C B B B C B A A Non QM Non QM Yes
223062536 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception is needed due to Section 9.8: [redacted] (>[redacted] acres & >[redacted] LTV). Exception required for eligibility of subject property. The subject is legally zoned  3bd/2.1 ba SFR located in a rural area with [redacted] acres, well water, and septic sewer. The appraiser provided a couple of comparables that are similar to or bracketing of the subject's site size. The appraiser confirmed there is no agricultural or income producing activity. Compensating factors: FICO [redacted] points or more above requirement. Total debt [redacted] or more under requirement. Residual income [redacted] or more. Long term employment (>[redacted] years). Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves exceed guidelines by at least [redacted] months.

DTI is at least [redacted]% < the guideline maximum.

FICO exceeds guideline minimum by at least [redacted] points.		 SitusAMC

Originator,SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-03-21): Lender exception with compensating factors.
     03/21/2025 2 B B B B B B B B B B   VA Primary Purchase   B B B B A A A A Non QM Non QM No
223062545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence in file showing borrower received copy of appraisal.       Reviewer Comment (2025-03-25): Delivery evidence received.


Buyer Comment (2025-03-24): Conf appraisal sent to borrower
 03/25/2025     1 B A B A B A B A B A   PA Primary Purchase   B A A A B A A A Non QM Non QM No
223062741 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] [redacted] TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are underdisclosed. HOA dues of $[redacted], or $[redacted], not disclosed under the Non Escrowed Property Costs over Year [redacted]       Reviewer Comment (2025-04-02): [redacted]received Letter of Explanation & Corrected [redacted]Disclosure.


Buyer Comment (2025-03-31): [redacted]
   04/02/2025   2 C B C B C B C B C B   SC Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
223062741 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete   Final signed 1003 in the file reflects "other" income of [redacted] that cannot be sourced. Corrected final signed 1003 is required.       Reviewer Comment (2025-03-27): Updated [redacted]received and associated. Exception cleared.


Buyer Comment (2025-03-26): Corrected [redacted]
 03/27/2025     1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
223062741 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   Final 1008 in the file reflects [redacted] in "other" income that is not sourced. Corrected final 1008 with this "other" income removed with updated DTI figures is required.       Reviewer Comment (2025-03-27): Updated [redacted]received and associated. Exception cleared.


Buyer Comment (2025-03-26): Corrected [redacted]
 03/27/2025     1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
223062784 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   The retirement assets can only be considered at [redacted] the vesting value based on the borrower not being of retirement age.  Additionally, notes in the file indicate the borrower is a [redacted] and guidelines require [redacted] months of reserves.  The borrower only has [redacted] months of reserves.       Reviewer Comment (2025-03-31): Provided updated [redacted]loan application with correct information of mutual funds and savings account. Updated assets screen. Exception cleared.


Buyer Comment (2025-03-27): updated URLA


Reviewer Comment (2025-03-27): Provided amended [redacted]application. Per new [redacted], Account ending with #[redacted](incorrect account number mentioned) is savings account and account number ending with #[redacted]is mutual funds. Provide corrected [redacted]application, Tax Free Savings Account ([redacted]) ending with [redacted]is a savings account and account ending with #[redacted]is mutual funds. Exception remains.


Buyer Comment (2025-03-26): Updated [redacted]and verification the [redacted]account is not a retirement account attached.


Buyer Comment (2025-03-26): Updated [redacted] and verification the [redacted]account is not a retirement account attached.


Reviewer Comment (2025-03-26): Provided [redacted]in the initial package shows account ending with [redacted]as a retirement account. Provide corrected [redacted]. Exception remains.


Buyer Comment (2025-03-25): [redacted]you please adjust account ending [redacted]. This is not a retirement account.
 03/31/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223062809 [redacted] [redacted]   XXXX     Credit Income Document Error Income Bank statement page number is blank. - File is missing [redacted] [redacted] [redacted] Bank statement #[redacted] used for income calculation.       Reviewer Comment (2025-03-27): [redacted][redacted] statement #[redacted] provided. Exception cleared


Buyer Comment (2025-03-26): [redacted]stmnt
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062809 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing [redacted] [redacted] [redacted] Bank statement #[redacted] used for income calculation.       Reviewer Comment (2025-03-27): [redacted[redacted] statement #[redacted]provided. Exception cleared


Buyer Comment (2025-03-26): [redacted]STMT UPLOADED
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062809 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of [redacted] Risk. Loan Designation mismatch due to missing Bank statement for income calculation.       Reviewer Comment (2025-03-27): [redacted][redacted] statement #[redacted]provided. Exception cleared


Buyer Comment (2025-03-26): [redacted]STMT UPLOADED
 03/27/2025     1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223062809 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted] Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing Bank statement for income calculation.       Reviewer Comment (2025-03-27): [redacted[redacted]statement #[redacted]provided. Exception cleared


Buyer Comment (2025-03-26): [redacted]STMT UPLOADED
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062809 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing Bank statement for income calculation.       Reviewer Comment (2025-03-27): [redacted[redacted] statement #[redacted]provided. Exception cleared


Buyer Comment (2025-03-26): [redacted]STMT UPLOADED
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062813 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   The loan program type is a [redacted]-month bank statement. However, there are only [redacted]-month account statements that have been provided, account numbers #[redacted] and #[redacted]. Provide account statements for the months of [redacted] and [redacted] for both bank statements #[redacted] and #[redacted].       Reviewer Comment (2025-04-02): Most Recent [redacted]months statement received for business account, Exception Cleared.


Buyer Comment (2025-04-01): Stmts


Reviewer Comment (2025-03-25): As per UW worksheet [redacted] and [redacted] account statements for account number #[redacted]and #[redacted]has been considered for income qualification and the same is missing in file. Exception remains.


Buyer Comment (2025-03-24): Please see [redacted]pgs [redacted]-[redacted]for [redacted][redacted] and [redacted]pgs [redacted]-[redacted]for [redacted][redacted]; [redacted] mo bank stmts provided, please cancel cond
 04/02/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C B C A B B A A N/A Exempt from ATR No
223062813 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The loan program type is a [redacted]-month bank statement. However, there are only [redacted]-month account statements that have been provided, account numbers #[redacted] and #[redacted]. Provide account statements for the months of [redacted] and [redacted] for both bank statements #[redacted] and #[redacted].       Reviewer Comment (2025-04-02): Most Recent[redacted]months statement received for business account, Exception Cleared.


Buyer Comment (2025-04-01): Please see statements uploaded today


Reviewer Comment (2025-03-25): As per UW worksheet[redacted] and [redacted] account statements for account number #[redacted]and #[redacted]has been considered for income qualification and the same is missing in file. Exception remains.


Buyer Comment (2025-03-24): Please see [redacted] pgs [redacted]-[redacted] for [redacted][redacted]and [redacted]pgs [redacted]-[redacted]for [redacted][redacted]; [redacted]mo bank stmts provided, please cancel cond
 04/02/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C B C A B B A A N/A Exempt from ATR No
223062813 [redacted] [redacted]   XXXX     Credit Income Document Error Income Bank statement page number is blank. - The loan program type is a [redacted]-month bank statement. However, there are only [redacted]-month account statements that have been provided, account numbers #[redacted] and #[redacted]. Provide account statements for the months of [redacted] and [redacted] for both bank statements #[redacted] and #[redacted].       Reviewer Comment (2025-04-02): Most Recent [redacted] months statement received for business account, Exception Cleared.


Buyer Comment (2025-04-01): Please see statements uploaded today


Reviewer Comment (2025-03-25): As per UW worksheet [redacted] and[redacted] account statements for account number #[redacted]and #[redacted]has been considered for income qualification and the same is missing in file. Exception remains.


Buyer Comment (2025-03-24): Please see [redacted]pgs [redacted]-[redacted]for [redacted][redacted]and [redacted]pgs [redacted]-[redacted]for [redacted][redacted]; [redacted]mo bank stmts provided, please cancel cond
 04/02/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C B C A B B A A N/A Exempt from ATR No
223062813 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-24): Client elects to waive.
     03/24/2025 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   C B C A B B A A N/A Exempt from ATR No
223062813 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall due to missing required income bank statement.       Reviewer Comment (2025-04-02): Most Recent[redacted]months statement received for business account, Exception Cleared.


Buyer Comment (2025-04-01): Please see statements uploaded today


Reviewer Comment (2025-03-25): As per UW worksheet[redacted] and [redacted] account statements for account number #[redacted]and #[redacted]has been considered for income qualification and the same is missing in file. Exception remains.


Buyer Comment (2025-03-24): Please see [redacted]pgs [redacted]-[redacted]for [redacted][redacted]and [redacted]pgs [redacted]-[redacted]for [redacted][redacted]; [redacted] mo bank stmts provided, please cancel cond
 04/02/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C B C A B B A A N/A Exempt from ATR No
223062814 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Document is missing to verify [redacted] vesting.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of [redacted] Fail. Document is missing to verify [redacted] vesting.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 B A C A B A C A B A   AZ Second Home Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Restricted Stock Units ([redacted]) Income Ability to Repay (Dodd-Frank [redacted]): Use of Restricted Stock Units ([redacted]) income requirements not met. Document is missing to verify [redacted] vesting.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted] Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Document is missing to verify [redacted] vesting.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM [redacted] Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Document is missing to verify [redacted] vesting.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 A A A A A A A A A A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Document is required for verifying the vesting for RSU.       Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient Cure Provided At Closing       Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   AZ Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223062814 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of [redacted] Risk.         Reviewer Comment (2025-03-26): Cleared. Located retirement account in the file that reflects vesting for rsu income.
 03/26/2025     1   A   A   A   A   A   AZ Second Home Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223062816 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing CPA letter/Operating agreement or equivalent document confirming borrower's business ownership percentage.       Reviewer Comment (2025-04-04): Received required documentation. Condition cleared.


Buyer Comment (2025-04-02): uploaded lox on percentage of ownership


Reviewer Comment (2025-03-26): Articles of Incorporation do not show who [redacted]owns the company. Just shows officers names. Could you provide the corporation bylaws?
 04/04/2025     1 C A C A C A C A C A   TN Primary Purchase   C A C A C A A A Non QM Non QM No
223062816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted]does not match Due Diligence Loan Designation of [redacted]Risk. Loan designation mismatch due to missing CPA letter/Operating agreement or equivalent document confirming borrower's business ownership percentage.       Reviewer Comment (2025-04-04): Received required documentation. Condition cleared.


Buyer Comment (2025-04-02): see uploaded lox on percentage of ownership
 04/04/2025     1 B A C A B A C A B A   TN Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223062816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted] Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing CPA letter/Operating agreement or equivalent document confirming borrower's business ownership percentage.       Reviewer Comment (2025-04-04): Received required documentation. Condition cleared.


Buyer Comment (2025-04-02): see uploaded lox on percentage of ownership
 04/04/2025     1 C A C A C A C A C A   TN Primary Purchase   C A C A C A A A Non QM Non QM No
223062816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing CPA letter/Operating agreement or equivalent document confirming borrower's business ownership percentage.       Reviewer Comment (2025-04-04): Received required documentation. Condition cleared.


Buyer Comment (2025-04-02): see uploaded lox on percentage of ownership
 04/04/2025     1 C A C A C A C A C A   TN Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified Assets $[redacted] is less than the asset requirement of $[redacted]for closing. File is missing most recent Bank of [redacted] #[redacted], Bank statement and verification of Earnest Money Deposit.       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Assets
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Rent free letter is missing.       Reviewer Comment (2025-03-26): Rent free letter received


Buyer Comment (2025-03-25): Rent free letters
 03/26/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship Source Documentation  was not provided - File is missing a valid Visa/Employment Authorization Document for both borrowers.       Reviewer Comment (2025-03-26): [redacted]document, [redacted] and unexpired photo [redacted]received.


Buyer Comment (2025-03-25): [redacted]
 03/26/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   File is missing a valid Visa/Employment Authorization Document for both borrowers.       Reviewer Comment (2025-03-26): [redacted]document, [redacted]letter and unexpired photo [redacted]received.


Buyer Comment (2025-03-25): Please see documentation uploaded today.
 03/26/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Verified Assets $[redacted]is less than the asset requirement of $[redacted]for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted]Bank statement and verification of Earnest money deposit.       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Please see assets uploaded today
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Verified Assets $[redacted]is less than the asset requirement of $[redacted] for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Please see assets uploaded today
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing
1. CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.		       Reviewer Comment (2025-03-26): [redacted]letter received.


Buyer Comment (2025-03-25): Please see [redacted]letter uploaded today
 03/26/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. File is missing evidence of receipt for revised appraisal report dated [redacted].       Reviewer Comment (2025-03-27): Appraisal delivery receipt document provided which confirms appraisal report was received to the borrower on[redacted] Exception cleared


Buyer Comment (2025-03-27): Proof Sent
 03/27/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Compliance Closing Disclosure Missing Issue Date Material Closing Disclosure with an estimated issue date of [redacted] did not disclose an issue date.  Unable to conclusively determine Final Closing Disclosure to use for fees due to missing Issue Date.  Any applicable Federal, State or Local compliance testing may be unreliable.  Closing Disclosure dated [redacted] used to source fees for testing. Closing Disclosure was provided without an issue date. Issue date is considered as the print date of [redacted] for testing.       Reviewer Comment (2025-03-28): Incomplete/blank CDs not provided to consumer excluded from testing. Attestation provided


Buyer Comment (2025-03-28): [redacted]


Reviewer Comment (2025-03-26): The [redacted]provided prior to final [redacted] does not have a [redacted]" entry.


Buyer Comment (2025-03-24): Please see [redacted]which is the Final [redacted].
 03/28/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of [redacted] Fail. File is missing 1. CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.
2. Verified Assets [redacted] is less than the asset requirement of [redacted]for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.		       Reviewer Comment (2025-03-26): [redacted]letter received. Exception cleared. Separate exception - Check Loan [redacted]Match - [redacted]Risk added for pending asset requirement
 03/26/2025     1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current employment status using reasonably reliable third-party records. File is missing CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.       Reviewer Comment (2025-03-26): [redacted]letter received.


Buyer Comment (2025-03-25): Please see [redacted]letter uploaded today
 03/26/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank [redacted]):  Unable to verity Bank Statement income due to, bank statement provided was dated more than [redacted] days prior to closing. File is missing CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.       Reviewer Comment (2025-03-26): [redacted]letter received.


Buyer Comment (2025-03-25): Please see [redacted]letter uploaded today
 03/26/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted]risk. File is missing 1. CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.
2. Verified Assets [redacted]is less than the asset requirement of [redacted] for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.		       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Please see assets uploaded today
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) File is missing 1. CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.
2. Verified Assets [redacted]is less than the asset requirement of [redacted] for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.		       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Please see assets uploaded today
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM [redacted] Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. File is missing 1. CPA letter/Operating or Equivalent document confirming borrower's business ownership percentage and business existence.
2. Verified Assets [redacted]is less than the asset requirement of [redacted] for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.		       Reviewer Comment (2025-03-26): [redacted]letter received.
 03/26/2025     1 A A A A A A A A A A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. Closing Disclosure was provided without an issue date. Issue date is considered as the print date of [redacted] for testing.       Reviewer Comment (2025-03-28): [redacted]/blank [redacted]not provided to consumer excluded from testing. Attestation provided


Buyer Comment (2025-03-28): Please see CD Exclusion Attestation uploaded today.


Reviewer Comment (2025-03-26): The [redacted]provided prior to final [redacted]does not have a "[redacted]entry.


Buyer Comment (2025-03-25): [redacted]is [redacted]dated [redacted]at [redacted]:[redacted]pm with cash to close at $[redacted]| [redacted]is the [redacted], signed at closing, has [redacted]issue date, and is dated [redacted] pm with cash to close at $[redacted]. [redacted]should be used for testing as it is the [redacted]Please cancel this [redacted].


Reviewer Comment (2025-03-25): [redacted]reviewed the final [redacted]doc ID [redacted].  Howeverm, there is another CD, [redacted][redacted][redacted], that is missing an Issue Date.  Page [redacted]reflects cash to close of $[redacted].  Please provide lender attestation as to issue date.  Tested as [redacted][redacted]due to date/time stamp on bottom o[redacted]


Buyer Comment (2025-03-24): Please see [redacted]which is the Final [redacted].
 03/28/2025     1 C A C A C A C A C A   CA Primary Purchase Good Faith Redisclosure C A C A C A A A Non QM Non QM Yes
223062819 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Aged document: Asset Account date is more than [redacted]days prior to Closing. - Bank of [redacted] Account Number Ending [redacted] and [redacted] (most recent statement provided ending [redacted]): Asset Document date is more than [redacted] days prior to the Note date or notary date.       Reviewer Comment (2025-03-27): Bank statements received.


Buyer Comment (2025-03-26): Please see assets uploaded today
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223062819 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Verified Assets $[redacted] is less than the asset requirement of [redacted] for closing and [redacted] months reserves. File is missing most recent Bank of [redacted] #[redacted] Bank statement and verification of Earnest money deposit.       Reviewer Comment (2025-03-27): Bank statements received.
 03/27/2025     1   A   A   A   A   A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223062820 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   NJ Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223065134 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to missing verbal verification of income of [redacted] of [redacted]       Reviewer Comment (2025-03-27): Exception cleared - Received Verification of employment and updated [redacted] as required.


Buyer Comment (2025-03-26): [redacted]
 03/27/2025     1 B A C A B A C A B A   NY Primary Purchase Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM Yes
223065134 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Waterfall due to missing verbal verification of income of [redacted] of [redacted]       Reviewer Comment (2025-03-27): Exception cleared - Received Verification of employment and updated [redacted] as required.


Buyer Comment (2025-03-27): [redacted]
 03/27/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223065134 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM [redacted] Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Waterfall due to missing verbal verification of income of [redacted] of [redacted]       Reviewer Comment (2025-03-27): Exception cleared - Received Verification of employment and updated [redacted] as required.
 03/27/2025     1 A A A A A A A A A A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223065134 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - The verification of employment not found in file.       Reviewer Comment (2025-03-27): Exception cleared - Received Verification of employment and updated [redacted] as required.


Buyer Comment (2025-03-26): [redacted]
 03/27/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223065134 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted] business days of the Note. - The verification of employment not found in file.       Reviewer Comment (2025-03-27): Exception cleared - Received Verification of employment and updated [redacted] as required.


Buyer Comment (2025-03-26): [redacted]
 03/27/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223065134 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request - full Document Primary purchase . First time homebuyers. Personal assets used to qualify and will be the equivalent of [redacted] months reserves. Borrower [redacted] qualifying with salary/OT . Borrower [redacted] schedule [redacted] and [redacted]S losses included. Borrower [redacted] recently converted to [redacted] from W-2 in same line of work  ( [redacted]) and has [redacted] previous years documented in the same field . Borrower is holding [redacted] new [redacted] jobs. employment contract is available for only one of these jobs. Subject is a multi-unit and rental income( less vacancy)used on the second unit. Exception is requested to used new [redacted] employment income with a contract .  In Lieu of contract we are request a P & L , Evidence of deposits for income and a full VVOE from both employers. Lender exception was approved with Maximum [redacted] LTV, Maximum DTI [redacted], [redacted]-utilize the lesser of W2 income from [redacted] and [redacted]through end of employment [redacted] OR net income from the P &L to be used to qualify, Provided fully executed VVOE from [redacted]to document income on the P& L is supported, Provide signed LOE from [redacted] confirming no independent Contract agreement is available AND comment on the borrower's term s of employment, Provide fully executed VVOE from [redacted] to document income on [redacted] income is supported Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points. SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-03-21): [redacted]elects to waive with compensating factors.
     03/21/2025 2 B B B B B B B B B B   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  [redacted] Documents are missing. - Tax and Insurance verification for [redacted] [redacted] not provided.       Reviewer Comment (2025-03-27): Received evidence of [redacted], Property Taxes and [redacted]for the indicated property.  Exception cleared.


Buyer Comment (2025-03-26): Verification for [redacted][redacted][redacted][redacted]
 03/27/2025     1 C A C A C A C A C A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include [redacted] , a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-02): [redacted]Received Valid [redacted]dated [redacted]


Buyer Comment (2025-04-01): [redacted]


Reviewer Comment (2025-03-31): [redacted]received a changed circumstance dated [redacted] for a Rate lock extended. but there is no [redacted]dated within that time frame. Provide any missing [redacted]to associate with the changed [redacted]or provide [redacted]circumstance for the final [redacted]dated [redacted]or cure is required.


Buyer Comment (2025-03-27): [redacted]
 04/02/2025     1 C A C A C A C A C A   FL Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223067698 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Tax and Insurance verification for [redacted] [redacted] not provided.       Reviewer Comment (2025-03-27): Received evidence of [redacted], Property Taxes and [redacted]for the indicated property.  Exception cleared.


Buyer Comment (2025-03-26): Please see [redacted]documentation uploaded today
 03/27/2025     1 C A C A C A C A C A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Risk. Tax and Insurance verification for [redacted] [redacted] not provided.       Reviewer Comment (2025-03-27): Received evidence of [redacted], Property [redacted]and [redacted]for the indicated property.  Exception cleared.


Buyer Comment (2025-03-26): Please see [redacted]documentation uploaded today
 03/27/2025     1 B A C A B A C A B A   FL Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Tax and Insurance verification for [redacted] [redacted] not provided.       Reviewer Comment (2025-03-27): Received evidence of [redacted], Property Taxes and [redacted]for the indicated property.  Exception cleared.


Buyer Comment (2025-03-26): Please see [redacted]documentation uploaded today
 03/27/2025     1 C A C A C A C A C A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Tax and Insurance verification for [redacted] [redacted] not provided.       Reviewer Comment (2025-03-27): Received evidence of [redacted], Property [redacted]and [redacted]for the indicated property.  Exception cleared.


Buyer Comment (2025-03-26): Please see [redacted]documentation uploaded today
 03/27/2025     1 C A C A C A C A C A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-03-31): Delivery evidence received.


Buyer Comment (2025-03-28): Proof of [redacted]
 03/31/2025     1 B A B A B A B A B A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067698 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.         Reviewer Comment (2025-03-27): Received signed [redacted].  Exception cleared.


Buyer Comment (2025-03-26): [redacted]
 03/27/2025     1 B A B A B A B A B A   FL Second Home Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223067720 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The title commitment provided does not reflect a policy amount. Please provide updated commitment or supplement with coverage amount.       Reviewer Comment (2025-03-27): Exception cleared. Received Supplemental Title Report and updated correctly.


Buyer Comment (2025-03-26): Please see attached
 03/27/2025     1 B A B A B A B A B A   CA Second Home Purchase   B A B A A A A A Non QM Non QM No
223067723 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   Hazard insurance policy effective date is [redacted] which is after the note date of [redacted].       Reviewer Comment (2025-03-31): Exception cleared. Received revised Hazard Insurance Policy and updated correctly.


Buyer Comment (2025-03-28): Please see attached
 03/31/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A B A A A Non QM Non QM No
223067723 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-03-27): Received evidence of receipt of the final appraisal within timing requirements.  Exception cleared.


Buyer Comment (2025-03-26): [redacted]appraisal sent [redacted]/[redacted], [redacted]completed [redacted]for revisions which was sent [redacted]/[redacted], see attached
 03/27/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A B A A A Non QM Non QM No
223067868 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   Exception fired for missing Secondary Appraisal. CU score is [redacted]       Reviewer Comment (2025-04-03): [redacted]provided. Exception cleared.


Buyer Comment (2025-04-02): [redacted]
 04/03/2025     1 D A D A D A D A D A   OH Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
223067921 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception on borrower not meeting landlord history requirement in the last [redacted]years. We do have a lease showing he has landlord history from [redacted] . also does not meet the option of landlord waiver as he does not own his primary ( only in wife's name). compensating factors include : Low LTV of [redacted], High FICO of [redacted], minimal debt, and an abundance of reserves. Borrower needs [redacted] Months reserves=[redacted]. Borrower has $[redacted]K in reserves =[redacted] month's reserves. Lender exception was approved with Max [redacted], Min [redacted] [redacted], Minimum [redacted]Year PPP if property is closing in the name of an entity approved by underwriting , otherwise, no PPP allowed. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-24): [redacted]elects to waive with comp factors.
     03/24/2025 2 B B B B B B B B B B   NJ Investment Purchase   B B B B     A A   N/A No
223067927 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations:   I. Are you a party to a lawsuit in which you potentially have any personal financial liability? reflects Yes.  Missing  documented and/or does not meet guideline requirements. - Lawsuit noted on 1003 declarations, documentation not provided.       Reviewer Comment (2025-03-27): Received updated [redacted]& [redacted]. Exception [redacted].


Buyer Comment (2025-03-26): [redacted]
 03/27/2025     1 C A C A C A C A C A   DE Primary Purchase   C A C A A A A A Non QM Non QM No
223067929 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] [redacted] days of application. ARM loan program disclosure not provided to the borrower within[redacted] days of application.       Reviewer Comment (2025-03-27): [redacted]disclosure dated [redacted] located in file.


Reviewer Comment (2025-03-27): [redacted]disclosure located in file date[redacted], not within[redacted]business days of application date [redacted]


Buyer Comment (2025-03-25): [redacted]Disclosure signed [redacted]([redacted]-[redacted]  [redacted]) Please cancel
 03/27/2025     1 C A C A C A C A C A   AL Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223067929 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA Loan Product Switched From Fixed to ARM Unable to determine when loan switched from a fixed rate to an adjustable rate due to missing information.         Reviewer Comment (2025-03-27): [redacted]disclosure dated[redacted] located in file.
 03/27/2025     1   A   A   A   A   A   AL Primary Purchase   C A A A C A A A Non QM Non QM No
223067978 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance policy shows a coverage amount of[redacted] Coverage shortfall is [redacted]       Reviewer Comment (2025-03-27): No [redacted]document [redacted]. Subject property is [redacted]and master policy was [redacted]with initial package. [redacted]Insurance screen. [redacted]cleared.


Buyer Comment (2025-03-26): [redacted]property is condo, [redacted], [redacted], and [redacted]are the master policy.
 03/27/2025     1 C A C A C A C A C A   NC Investment Purchase   C A C A     A A   N/A No
223067981 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide Valid Change of Circumstance for the increase in Appraisal Fee with evidence to support change and amounts affected, or cure to the borrower with a Post-close Closing Disclosure and evidence it was sent to the borrower with an explanation of changes. COC form stated what changed, but not a valid explanation for the increase.       Reviewer Comment (2025-04-02): [redacted]received Letter of Explanation, Proof of [redacted]of[redacted], and [redacted]


Buyer Comment (2025-04-01): Please check the tracking number. It has shipped.


Reviewer Comment (2025-03-31): [redacted]received corrected [redacted], [redacted], copy of [redacted][redacted]and proof of mailing. [redacted]tracking [redacted]label has been created, but [redacted]has not been [redacted]. Proof of mailing required to cure.


Buyer Comment (2025-03-28): Please see attached
   04/02/2025   2 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223068122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] [redacted] TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are underdisclosed. Non-Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted]are under disclosed.       Reviewer Comment (2025-03-31): [redacted]received Letter of [redacted]& Corrected Closing [redacted].


Buyer Comment (2025-03-27): [redacted]and [redacted]
   03/31/2025   2 C B C B C B C B C B   ME Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
223068124 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Policy Amount of [redacted]s less than the note [redacted]       Reviewer Comment (2025-03-31): [redacted]Title [redacted]with the updated policy amount. Exception Cleared.


Buyer Comment (2025-03-27): Title
 03/31/2025     1 B A B A B A B A B A   TX Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223068128 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The provided CPA letters do not reflect document dates. In addition, the CPA letter related to the[redacted] expense factor does not specify which business this applies to.       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): See uploads


Reviewer Comment (2025-03-27): CPA letter does not reflect the document date. The date [redacted] on the page Doc [redacted] Page [redacted] is annual report date when it was filed and also, the document page [redacted] does not specify the expense ratio [redacted]% belong to which business. Exception remains.


Buyer Comment (2025-03-26): Please see page [redacted] which has a date and percentage with businesses.
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Credit Income Income Error Income Income document is missing the document date and/or tax year.   CPA letters do not reflect document dates       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): See uploads


Reviewer Comment (2025-03-27): CPA letter does not reflect the document date. The date [redacted]  on the page Doc [redacted] Page [redacted] is annual report date when it was filed and also, the document page [redacted] does not specify the expense ratio [redacted]% belong to which business. Exception remains.


Buyer Comment (2025-03-26): Please see page [redacted] which mentions as of [redacted] and percentage with businesses.
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]Declarations:  F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes.  Missing  documented and/or does not meet guideline requirements.   File did not contain any additional information relative to this declaration being answered "yes".       Reviewer Comment (2025-04-01): Corrected [redacted] document provided and associated. Exception cleared


Buyer Comment (2025-03-31): [redacted]
 04/01/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing.           Reviewer Comment (2025-04-03): Common Insurance Verification document received. Exception Cleared.


Buyer Comment (2025-04-02): This satisfies the suspense condition. Please clear as all properties are on one policy


Reviewer Comment (2025-04-01): Insurance verification document for property [redacted] and [redacted] are not provided. Exception remains


Buyer Comment (2025-03-31): Docs
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The provided CPA letters do not reflect document dates.       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): CPA Letters


Reviewer Comment (2025-03-27): CPA letter does not reflect the document date. The date [redacted] on the page Doc [redacted] Page [redacted] is annual report date when it was filed and also, the document page [redacted] does not specify the expense ratio [redacted]% belong to which business. Exception remains.


Buyer Comment (2025-03-26): Please see page [redacted] which mentions as of [redacted] and percentage with businesses.
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. The provided CPA letters do not reflect document dates.       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): See uploads


Reviewer Comment (2025-03-27): CPA letter does not reflect the document date. The date [redacted] on the page Doc [redacted] Page [redacted] is annual report date when it was filed and also, the document page [redacted] does not specify the expense ratio [redacted]% belong to which business. Exception remains.


Buyer Comment (2025-03-26): Please see page [redacted] which mentions as of [redacted] and percentage with businesses.
 04/03/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223068128 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The provided[redacted] letters do not reflect document dates.       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): See uploads


Reviewer Comment (2025-03-27): CPA letter does not reflect the document date. The date [redacted] on the page Doc [redacted] Page [redacted] is annual report date when it was filed and also, the document page [redacted] does not specify the expense ratio [redacted]% belong to which business. Exception remains.


Buyer Comment (2025-03-26): Please see page [redacted] which mentions as of [redacted] and percentage with businesses.
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068128 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. The provided CPA letters do not reflect document dates.       Reviewer Comment (2025-04-03): CPA letter received and associated. Exception Cleared.


Buyer Comment (2025-04-02): See uploads
 04/03/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223068362 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___ File is missing a copy of the final title policy       Reviewer Comment (2025-04-22): rent amount from [redacted] needed correction
 04/22/2025     1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223068362 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient.       Reviewer Comment (2025-03-27): Replacement cost estimator provided. Exception cleared.


Buyer Comment (2025-03-26): RCE
 03/27/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223068362 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the [redacted] Rate Lock as required by the client's guidance       Reviewer Comment (2025-03-27): Rate lock document provided. Exception cleared.


Buyer Comment (2025-03-26): Original and final lock
 03/27/2025     1 C A C A C A C A D A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223068370 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   Final Title policy is missing.       Reviewer Comment (2025-03-28): Exception Cleared, received Final Title Policy.
 03/28/2025     1 A A A A A A A A A A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223068370 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified liquid assets in the amount of [redacted] are insufficient to meet cash to close of [redacted]  Final [redacted]reflects [redacted] verified, however additional documents needed to confirm asset verified.       Reviewer Comment (2025-03-28): Exception Cleared, updated asset requirement as [redacted] from [redacted] account no [redacted]  used as [redacted]% ration provided in Final [redacted] cleared the condition.


Buyer Comment (2025-03-27): see signed CD from [redacted] with $[redacted]additional reserves
 03/28/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223068370 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated Available for Reserves of[redacted] is less than Guideline Available for Reserves of  [redacted]       Reviewer Comment (2025-04-02): Wire details confirmation provided confirming gift amount paid to the title company. Exception Cleared.


Buyer Comment (2025-04-01): see gift wire at closing


Buyer Comment (2025-04-01): see final statement showing gift received


Reviewer Comment (2025-03-28): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted].
 04/02/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223068370 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within[redacted] or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-03-28): Exception Cleared, received Final Title Policy.


Buyer Comment (2025-03-27): Please see attached
 03/28/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223068381 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request - provided for [redacted] of[redacted] with minimum[redacted] for mixed property and for waiver of required landlord history.

Excellent payment history as no lates on credit report including primary mortgage[redacted]. B1 has [redacted]mos. reserves. Using renewed leases per guilds [redacted] for [redacted] units / market re t per appraisal is [redacted]-old file is[redacted], which already had an exception on it. Lender exception was approved Max [redacted] LTV, Min[redacted] [redacted], Borrower to meet minimum reserve requirement.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-24): Client elects to waive to compensating factors.
     03/24/2025 2 B B B B B B B B B B   NJ Investment Purchase   B B B B     A A   N/A No
223068830 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided           Reviewer Comment (2025-03-27): Note is signed as an individual and borrower has [redacted]% ownership in borrowing business. Guarantor agreement is not required. Exception cleared.


Buyer Comment (2025-03-26): borrower signed note both signature lines and also the borrower is [redacted]% owner in business
 03/27/2025     1 D A D A D A D A D A   MA Investment Purchase   D A D A     A A   N/A No
223068830 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: [redacted]not provided   Missing [redacted] for the borrowing entity.       Reviewer Comment (2025-04-01): Received OFAC for the borrowing business entity in the file. Exception Cleared.


Buyer Comment (2025-03-31): OFAC


Reviewer Comment (2025-03-27): Provided OFAC search result is of [redacted] which is not matching with borrowing business entity name as [redacted]. Exception remains.


Buyer Comment (2025-03-26): OFAC
 04/01/2025     1 C A C A C A C A C A   MA Investment Purchase   D A D A     A A   N/A No
223068832 [redacted] [redacted]   XXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines.   Provided Lease agreement is expired. Provide a updated lease agreement with effective date active at that time of closing       Reviewer Comment (2025-03-31): Provided executed lease agreement which was in effect at the time of closing. Exception cleared.


Buyer Comment (2025-03-27): Lease Extension
 03/31/2025     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
223068833 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-03): Received Business Purpose Certificate document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-02): Business
 04/03/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223068833 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Policy Amount of[redacted] is less than the note amount of [redacted] based on the Commitment in file.       Reviewer Comment (2025-03-28): Title commitment shows coverage amount is $[redacted], Exception cleared.


Buyer Comment (2025-03-27): Loan amount shows [redacted]
 03/28/2025     1 B A B A B A B A B A   NJ Investment Purchase   C A C A     A A   N/A No
223068833 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation.   As per provided guidelines require[redacted] months bank statement.       Reviewer Comment (2025-03-31): Cleared. Updated dates to reflect policy issuance dates.


Buyer Comment (2025-03-27): Rebuttal
 03/31/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223068833 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation.   As per provided guidelines require[redacted]months bank statement.       Reviewer Comment (2025-03-31): Cleared. Updated dates to reflect policy issuance dates


Buyer Comment (2025-03-27): Rebuttal
 03/31/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223068852 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-03-27): Supplement to the Title Commitment provided verifying sufficient coverage.  Exception cleared.


Buyer Comment (2025-03-26): Title Supp


Buyer Comment (2025-03-26): FSS
 03/27/2025     1 B A B A B A B A B A   CA Primary Purchase   C B B A C B A A Non QM Non QM No
223068852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least[redacted] business days to closing.       Reviewer Comment (2025-03-27): Evidence of receipt of the appraisal provided.  Exception cleared.


Buyer Comment (2025-03-26): Proof appraisal sent
 03/27/2025     1 B A B A B A B A B A   CA Primary Purchase   C B B A C B A A Non QM Non QM No
223068852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of[redacted]exceeds tolerance of [redacted] No COC in file.       Reviewer Comment (2025-03-28): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-03-27): LOX and [redacted]
 03/28/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
223068852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]Insufficient or no cure was provided to the borrower. [redacted] Percent Fee Tolerance exceeded for Title - Notary Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]  No COC in file.       Reviewer Comment (2025-04-14): [redacted] Received Corrected Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-04-11): Cure Docs


Reviewer Comment (2025-04-07): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. ([redacted])


Reviewer Comment (2025-04-03): [redacted] received same PCCD and LOE provided earlier. However, the Title fees are included under section B of the last disclosed LE. The inclusion of a fee within [redacted] of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the title fee was included in section B of the most recent LE, the consumer was not allowed to shop title fees, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-04-02): LOX PCCD


Reviewer Comment (2025-03-31): [redacted] received corrected PCCD reconciled with final SS. However, the Title fees are included under [redacted] of the last disclosed LE. The inclusion of a fee within [redacted] of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the title fee was included in section B of the most recent LE, the consumer was not allowed to shop title fees, and a cure is required.  Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-03-27): [redacted] Per Diem Docs
   04/14/2025   2 C B C B C B C B C B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
223068866 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for: Documentation- Exclude consumer debt payment using credit supp (Cannot document funds for payoff)
Asset/Reserves - To Meet guidelines for bridge loan, [redacted] months on subject required plus [redacted]months on departure residence.
Borrower put[redacted] down for EMD. Borrower will meet [redacted] months reserves on subject property and[redacted] months reserves for departure residence. Borrower used home savings to payoff auto loan and [redacted] revolving accounts never deposited the money/cannot source the fund used. Bridge loan to cover down payment of nearly [redacted]. Both borrowers are on fixed retirement incomes. They owned to cover down payment of their departure residence for more than [redacted] years. Strong credit pay history.

Exception has-been approved with compensating factor:
Loan to value[redacted]or more under requirement.
FICO [redacted] points or more above requirement.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-24): Lender approved exception with comp factors.
     03/24/2025 2 B B B B B B B B B B   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address.   Valuation address ([redacted]e) does not match Note address.       Reviewer Comment (2025-04-07): Received updated note & address updated. Exception cleared.


Buyer Comment (2025-04-04): Note


Reviewer Comment (2025-03-26): Please provide note document with correct city name "[redacted]" so all the documents will have same city name. Exception Remains.


Buyer Comment (2025-03-25): Email from Title regarding City
 04/07/2025     1 C A C A C A C A C A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Credit System General System Flood Certificate Subject Address does not match Note address.   Flood Certificate [redacted]does not match Note address.       Reviewer Comment (2025-04-07): Received updated note & address updated. Exception cleared.


Buyer Comment (2025-04-04): Note uploaded


Reviewer Comment (2025-03-26): Please provide note document with correct city name "[redacted]" so all the documents will have same city name. Exception Remains.


Buyer Comment (2025-03-25): Email from Title regarding City uploaded
 04/07/2025     1 C A C A C A C A C A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   Insurance address ([redacted]) does not match Note address.       Reviewer Comment (2025-04-07): Received updated note & address updated. Exception cleared.


Buyer Comment (2025-04-04): Note uploaded


Reviewer Comment (2025-03-26): Please provide note document with correct city name "[redacted]" so all the documents will have same city name. Exception Remains.


Buyer Comment (2025-03-25): Email from Title regarding City uploaded
 04/07/2025     1 C A C A C A C A C A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address.   Valuation address(City name) does not match Note address.       Reviewer Comment (2025-04-07): Received updated note & address updated. Exception cleared.


Buyer Comment (2025-04-04): Note uploaded


Reviewer Comment (2025-03-26): Please provide note document with correct city name "[redacted]" so all the documents will have same city name. Exception Remains.


Buyer Comment (2025-03-25): Email from Title regarding City uploaded
 04/07/2025     1 C A C A C A C A C A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing [redacted]: Initial escrow account statement was not provided to the borrower. File does not contain an Initial Escrow Account Disclosure.       Reviewer Comment (2025-03-26): Initial escrow account statement received. Exception Cleared.


Buyer Comment (2025-03-25): IEADS
 03/26/2025     1 B A B A B A B A B A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]exceeds tolerance of [redacted]  Sufficient or excess cure was provided to the borrower at Closing. Transfer Tax in loan estimate is [redacted] and closing disclosure reflects [redacted] No Valid change circumstance in file.       Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   VA Primary Purchase Final CD evidences Cure C B C B B A A A Non QM Non QM Yes
223068866 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on [redacted]l Closing Disclosure. Initial escrow account statement amount [redacted] does not match charges on [redacted]Final Closing Disclosure.       Reviewer Comment (2025-04-03): Initial escrow account disclosure statement received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-02): IEADS
 04/03/2025     1   A   A   A   A   A   VA Primary Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 C B C B B A A A Non QM Non QM Yes
223068866 [redacted] [redacted]   XXXX     Credit System General System Security Instrument address does not match Note address.   Security Instrument address (City name) does not match Note address.       Reviewer Comment (2025-04-15): Received corrected SI along with attestation of re-recording. Condition cleared.


Buyer Comment (2025-04-11): LOI


Buyer Comment (2025-04-11): DOT


Reviewer Comment (2025-04-11): Documentation in the file reflects the city as [redacted] however security instrument reflects the city as [redacted]. File would require a corrected security instrument and evidence of re-recording.


Buyer Comment (2025-04-09): DOT


Reviewer Comment (2025-04-08): Exception remains, Security Instrument provided shows subject property address City name as [redacted] and Note document shows city name as [redacted] .


Buyer Comment (2025-04-07): DOT
 04/15/2025     1   A   A   A   A   A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068866 [redacted] [redacted]   XXXX     Credit System General System [redacted] Subject Address does not match Note address.   [redacted] Subject address (City name) does not match Note address.       Reviewer Comment (2025-04-07): Corrected final [redacted] provided and updated .Exception cleared


Buyer Comment (2025-04-07): [redacted]
 04/07/2025     1   A   A   A   A   A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223068867 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted] business days of the Note.   Waterfall due to missing Verification of employment within [redacted] business days to the note date.       Reviewer Comment (2025-03-27): Third party verification received. Exception Cleared.


Buyer Comment (2025-03-26): Please see [redacted] as verification of employment
 03/27/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223068867 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to missing Verification of employment within [redacted]business days to the note date.       Reviewer Comment (2025-03-27): Third party verification received. Exception Cleared.


Buyer Comment (2025-03-26): Please see [redacted] as verification of employment
 03/27/2025     1 B A C A B A C A B A   NJ Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223068867 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing Verification of employment within [redacted] business days to the note date.       Reviewer Comment (2025-03-27): Third party verification received. Exception Cleared.


Buyer Comment (2025-03-26): Please see [redacted] as verification of employment
 03/27/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223068867 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall due to missing Verification of employment within[redacted] business days to the note date.       Reviewer Comment (2025-03-27): Third party verification received. Exception Cleared.


Buyer Comment (2025-03-26): Please see [redacted] as verification of employment
 03/27/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223068867 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to missing Verification of employment within [redacted] business days to the note date.       Reviewer Comment (2025-03-27): Third party verification received. Exception Cleared.


Buyer Comment (2025-03-26): Please see [redacted] as verification of employment
 03/27/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223068867 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Loan file missing[redacted]housing payment history.       Reviewer Comment (2025-03-28): Exception Cleared, received payment history for rental property.


Buyer Comment (2025-03-27): Please cancel this condition- The Rental payment ledger signed by the property manager is located in section [redacted].
 03/28/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223068879 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]  Insufficient or no cure was provided to the borrower. [redacted] Percent Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of [redacted]plus[redacted]or[redacted] No COC in file.       Reviewer Comment (2025-04-01): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-03-31): Please see attached
   04/01/2025   2 C B C B C B C B C B   NC Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223068880 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing.   E-sign Consent Agreement is missing.       Reviewer Comment (2025-03-27): E-sign Consent date received, exception cleared.


Buyer Comment (2025-03-26): Please see [redacted]
 03/27/2025     1 C A C A C A C A C A   SC Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223068880 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule ([redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Verification appraisal was delivered to borrower was not provided prior to [redacted]  business days of closing.       Reviewer Comment (2025-03-27): Proof of appraisal delivery received, exception cleared.


Buyer Comment (2025-03-26): Receipt
 03/27/2025     1 B A B A B A B A B A   SC Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223068880 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lenders [redacted]reflects the taxes, insurance and HOA dues on the borrower's primary. Please provide clarification and documentation for these expenses as the debt ratio per due diligence review is much lower than lenders calculated debt ratio.       Reviewer Comment (2025-04-08): Received updated [redacted], condition cleared.


Buyer Comment (2025-04-04): Updated [redacted] and [redacted]
 04/08/2025     1   A   A   A   A   A   SC Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223068882 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-02): Provided final title policy with correct loan amount and other details. Exception cleared.
 04/02/2025     1 A A A A A A A A A A   VA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223068882 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Policy Amount of[redacted] is less than the note amount of[redacted] based on the Commitment in file.       Reviewer Comment (2025-04-02): Provided final title policy with correct loan amount and other details. Exception cleared.


Buyer Comment (2025-04-01): Title Commitment
 04/02/2025     1 B A B A B A B A B A   VA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223068908 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted]business days to closing.       Reviewer Comment (2025-03-27): Proof of appraisal delivery already in the file, exception cleared.


Buyer Comment (2025-03-26): Please see [redacted] pg [redacted]
 03/27/2025     1 B A B A B A B A B A   NJ Primary Purchase   C A A A C A A A Non QM Non QM No
223068908 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower for [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. No COC in file.       Reviewer Comment (2025-04-01): Upon further review consumer within [redacted]% tolerance requirements.


Buyer Comment (2025-03-31): Discount Points COC
 04/01/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223068908 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of[redacted]exceeds tolerance o[redacted]  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower for [redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee. No COC in file.       Reviewer Comment (2025-04-01): [redacted]received detailed  and email conversation for adding the fee.


Buyer Comment (2025-03-31): COC
 04/01/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223076258 [redacted] [redacted]   XXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines.   Lease agreement is not provided.       Reviewer Comment (2025-03-31): Cleared. Property is unleased, transaction meets guideline requirements.


Buyer Comment (2025-03-27): Please waive: Per guides: If vacant, [redacted]% market rents may be utilized, however, there is a [redacted]% [redacted] reduction with max [redacted] on a
rate/term refinance and a [redacted] reduction for a cash out refinance.
 03/31/2025     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223076467 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception request to "[redacted] Borrower has over [redacted] in marketable [redacted] assets with [redacted]and[redacted]. [redacted]letters in file verifying businesses". Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-26): Client elected to waive exceptions with compensating factors.
     03/26/2025 2 B B B B B B B B B B   NV Investment Purchase   D B D B     A A   N/A No
223076467 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Purchase contract need to be amended, only showing Destiny; however, borrower is the trust - missing trust and[redacted]       Reviewer Comment (2025-04-03): Purchase contract addendum provided.


Buyer Comment (2025-04-03): Purchase contract
 04/03/2025     1 D A D A D A D A D A   NV Investment Purchase   D B D B     A A   N/A No
223076469 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted] Disaster Issue: The most recent valuation inspection is dated prior to the most recent [redacted] disaster.           Reviewer Comment (2025-03-28): Inspection provided.


Buyer Comment (2025-03-27): [redacted] completion report in file shows no damage, please cancel this condition.
 03/28/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223076469 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requested for active [redacted] Borrower owned land and obtained a hard money loan for new construction in [redacted]. Builder delays because of hurricanes caused the loan to mature in [redacted]Borrower was given a [redacted]month extension. When it was not paid they filed the [redacted]Current lender files a [redacted] to protect themselves but no other legal action was taken. [redacted] will be removed after payment. Lender exception was approved with Max[redacted][redacted], Min [redacted] years [redacted], Min[redacted] [redacted], borrower to copy of signed lease and proof of first months rent/security deposit Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Miscellaneous		 Minimal Consumer debt. SitusAMC

Originator		 Reviewer Comment (2025-03-25): Lender Exception with Compensating Factors provided.
     03/25/2025 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223076469 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Loan file missing borrower's receipt of Security Deposit and First Month's rent on the subject as required per Lender Exception.       Reviewer Comment (2025-04-16): Received evidence of security deposit and [redacted] rent. Condition cleared.


Buyer Comment (2025-04-14): Please see attached
 04/16/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223076470 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]Disaster Issue: The most recent valuation inspection is dated prior to the most recent [redacted] disaster.           Reviewer Comment (2025-03-28): Inspection provided.


Buyer Comment (2025-03-27): [redacted]


Buyer Comment (2025-03-27): [redacted] dated [redacted]
 03/28/2025     1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
223076470 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception at origination is provided to close cash out refinance with an active [redacted] The representative FICO score exceeds the guideline minimum by at least [redacted] points. Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.


Buyer Comment (2025-04-01): Exception request


Reviewer Comment (2025-03-31): The only comp factor provided for the lender exception is minimal consumer debt. This exception is not available to due diligence. The only comp factor available is the fico score. Please provide updated comp factors.


Buyer Comment (2025-03-27): Please review exception [redacted] and [redacted].


Reviewer Comment (2025-03-25): Unable to waive and downgrade as comp factor listed in not on list of approved comp factors. Please provide additional comp factors.
     04/03/2025 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
223076477 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for borrower is requesting to purchase an investment property utilizing [redacted] to qualify using an [redacted] report with a[redacted] occupancy rate. Section [redacted]requires a minimum occupancy rate of [redacted]. ***Comments from the [redacted] works to cover the[redacted]ratio if we can get an exception to allow it at[redacted] occupancy rather than [redacted] report is attached. Borrower has a lot of reserves and is very capable as a property manager. Requesting second exception for seller to be occupying property for approximately [redacted] days. This is a fast closing and seller is using time to clear out property, etc. it is currently owner occupied. Borrower owns many REO and seasoned landlord. No concerns for occupancy issues. [redacted] guidelines state property must be delivered vacant. Compensating factors are Requesting to use[redacted] with a [redacted]occupancy rate Seller is going to be occupying for approximately[redacted]days.  Lender exception was approved Max [redacted] [redacted], Min[redacted], Min [redacted] year PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-25): Client elected to waive exceptions with compensating factors.
     03/25/2025 2 B B B B B B B B B B   TN Investment Purchase   B B B B     A A   N/A No
223076477 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved for Our borrower is requesting to purchase an investment property utilizing[redacted]to qualify using an [redacted]report with a[redacted] occupancy rate. Section[redacted]requires a minimum occupancy rate of [redacted]. ***Comments from the [redacted] works to cover the [redacted] ratio if we can get an exception to allow it at [redacted]occupancy rather than [redacted][redacted] report is attached. Borrower has a lot of reserves and is very capable as a property manager. Lender exception was approved Max[redacted] LTV, Min[redacted], Min[redacted] year PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-25): Client elected to waive exceptions with compensating factors.
     03/25/2025 2 B B B B B B B B B B   TN Investment Purchase   B B B B     A A   N/A No
223076478 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of[redacted] Sufficient or excess cure was provided to the borrower at Closing. Transfer Tax was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223076478 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to [redacted] failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.
Unable to verify borrower is a co-signer and is being paid by [redacted]party.		       Reviewer Comment (2025-03-28): Received Required documentation. Exception cleared.


Buyer Comment (2025-03-27): We provided bank statement from borrowers daughter, [redacted], showing that that car payment for $[redacted]are being paid to [redacted]  and should be excluded from the dti.

 

Please waive the condition as invalid.
 03/28/2025     1 B A C A B A C A B A   FL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223076478 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted]) of[redacted]% moderately exceeds the guideline maximum of[redacted] (DTI Exception is eligible to be regraded with compensating factors.) DTI exceeds due to inclusion of [redacted]. Unable to verify borrower is a co-signer and is being paid by[redacted]party.       Reviewer Comment (2025-03-28): Received Required documentation. Exception cleared.


Buyer Comment (2025-03-27): We provided bank statement from borrowers daughter, [redacted], showing that that car payment for $[redacted] are being paid to [redacted] and should be excluded from the dti.

 

Please waive the condition as invalid.
 03/28/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223076478 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Loan designation failure due to [redacted] failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.
Unable to verify borrower is a co-signer and is being paid by [redacted] party.		       Reviewer Comment (2025-03-28): Received Required documentation. Exception cleared.


Buyer Comment (2025-03-27): We provided bank statement from borrowers daughter, [redacted], showing that that car payment for $[redacted]are being paid to [redacted] and should be excluded from the dti.

 

Please waive the condition as invalid.
 03/28/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223076478 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. DTI exceeds due to inclusion of [redacted]Unable to verify borrower is a co-signer and is being paid by [redacted] party.       Reviewer Comment (2025-03-28): Received Required documentation. Exception cleared.


Buyer Comment (2025-03-27): We provided bank statement from borrowers daughter, [redacted] , showing that that car payment for $[redacted] are being paid to [redacted]  and should be excluded from the dti.

 

Please waive the condition as invalid.
 03/28/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223076478 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The closing disclosure indicates payoff for a [redacted] however a close out letter that is signed and dated by borrower is not located in the file.       Reviewer Comment (2025-04-02): Signed paid off notice received, Exception Cleared.


Buyer Comment (2025-03-31): signed
 04/02/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223076479 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   Missing Final Title.       Reviewer Comment (2025-03-28): Received Final Title Policy with correct amount. Exception cleared.
 03/28/2025     1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
223076479 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee was last disclosed as [redacted]. on LE but disclosed as [redacted]on Final Closing Disclosure.  Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B B A A A Non QM Non QM Yes
223076479 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request : Our Borrowers are requesting a cash out refinance of a primary residence utilizing bank statements to qualify at an [redacted] LTV and approximately [redacted] cash out. Section[redacted]limits the amount of cash out to [redacted]when the LTV exceeds[redacted]. *** Comments from the LO: Extremely well qualified on bank statement program, they are looking to get more than [redacted]cash out up to an[redacted] CLTV. *** Borrowers currently shows [redacted]in reserves via cash, retirement, annuities and stocks. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-25): Client elects to waive based upon compensating.
     03/25/2025 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
223076479 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-01): CDA receipt provided.


Buyer Comment (2025-03-31): receipt showing borrower received it


Reviewer Comment (2025-03-28): Document ID [redacted] does not specify document name Desk Review (CDA). Exception remains.


Buyer Comment (2025-03-27): Receipt for CDA


Reviewer Comment (2025-03-27): Missing receipt for the desk review. Exception remains.


Buyer Comment (2025-03-26): receipt
 04/01/2025     1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
223076479 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within[redacted]or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-03-28): Received Final Title Policy with correct amount. Exception cleared.


Buyer Comment (2025-03-27): Lender Policy
 03/28/2025     1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
223076479 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Close-out statement for Heloc being paid was not provided.       Reviewer Comment (2025-03-28): Cleared. Per client verbiage on doc payoff statement (doc id#[redacted]) is sufficient to accept for close-out.


Buyer Comment (2025-03-27): Please see the payoff stmt located in section [redacted] page [redacted], this payoff stmt is signed by the customers. Condition is not valid.


Buyer Comment (2025-03-27): Please cancel this condition, the payoff statement confirmed upon processing of the payoff statement, the Equity Line will be frozen. Additional documentation is not required.


Buyer Comment (2025-03-26): Close out Letter
 03/28/2025     1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
223076482 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted]exceeds tolerance of [redacted] plus [redacted] or [redacted]  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   MA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223076483 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) [redacted]Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. [redacted]HPML Disclosure is missing.       Reviewer Comment (2025-03-26): Client elects to waive.
     03/26/2025 2 B B B B B B B B B B   MD Primary Purchase   C B A A C B A A Non QM Non QM No
223076483 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted]Threshold Test Non-Compliant [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted].  Non-Compliant Higher Priced Loan. [redacted]HPML [redacted][redacted]due to missing [redacted][redacted]Disclosure.       Reviewer Comment (2025-03-26): Client elects to waive.
     03/26/2025 2 B B B B B B B B B B   MD Primary Purchase   C B A A C B A A Non QM Non QM No
223076483 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[redacted] not received by borrower at least [redacted] business days prior to closing. [redacted]Loan Estimate issued [redacted] was received by borrower at least [redacted]([redacted]) business days prior to closing is [redacted].       Reviewer Comment (2025-03-27): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-03-26): RLE
 03/27/2025     1 C A C A C A C A C A   MD Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
223076483 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   MD Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
223076485 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing
   03/21/2025   1 A A A A A A A A A A   IN Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223076519 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   [redacted]requested an exception to allow private [redacted]. Both [redacted]and landlord are [redacted]to provide the lease. We do ha[redacted]e [redacted]months cancelled checks.
[redacted]factors:
[redacted][redacted]points or more above [redacted].
Total Debt [redacted]% or more under requirements.
Reserves [redacted]+ [redacted]more than [redacted].
Residual Income $[redacted]or more.
[redacted]term Employment (>[redacted]years)
[redacted]Consumer [redacted].
The exception was [redacted]with -[redacted]exception [redacted].
Exception [redacted]:
Max [redacted]% [redacted].
[redacted]must confirm there is no lease.
Subject to meeting all other [redacted]expanded guideline [redacted].		 The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Lender approved exception with comp factors.

Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC,Originator

SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-25): Lender approved exception with comp factors.
     03/25/2025 2 B B B B B B B B B B   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223076519 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for unable to verify [redacted][redacted]% in his business via [redacted]letter or operating agreement. Borrower does not have a [redacted]and states he does not have an [redacted]agreement. Exception was declined with directive that [redacted]-[redacted]verification was to meet guides. There is no [redacted]letter or operating agreement in file to [redacted]the [redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Lender approved exception with comp factors.

Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC,Originator

SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.


Buyer Comment (2025-03-31): Please see attached
     04/03/2025 2 C B C B C B C B C B   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223076519 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to [redacted].         Reviewer Comment (2025-03-31): Waiver provided


Buyer Comment (2025-03-27): See attached


Buyer Comment (2025-03-27): Please see attached, borrower also waived [redacted] day timeline
 03/31/2025     1 B A B A B A B A B A   VA Primary Purchase   C B C B B A A A Non QM Non QM No
223076520 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: [redacted]insurance coverage amount is [redacted].   [redacted]Insurance [redacted]Amount is insufficient. Using hazard insurance [redacted]provided, there is a shortfall of $[redacted].       Reviewer Comment (2025-04-04): Replacement cost updated & exception cleared.


Buyer Comment (2025-04-03): [redacted] pg [redacted] is checklist of coverage for policy no. [redacted], which corresponds to [redacted].  Please cancel condition


Buyer Comment (2025-04-03): Please review the HOI document, it clearly shows that it is replacement cost.


Reviewer Comment (2025-04-02): There is no evidence provided to verify replacement coverage. Please provide replacement cost estimator. Exception remains.


Buyer Comment (2025-04-01): HOI is a full replacement coverage policy - please review and clear
 04/04/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223076520 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure [redacted] TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the [redacted]. Appraisal fee in loan estimate is $[redacted]and closing disclosure reflects $[redacted]. No valid change [redacted]in file.       Reviewer Comment (2025-04-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-01): Please cancel condition as [redacted] lender credit listed on Final CD Section J.
 04/02/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223076520 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance [redacted]Without Sufficient Cure [redacted] TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - [redacted].  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]in loan estimate is $[redacted]and closing disclosure reflects $[redacted]. No valid change circumstance in file.       Reviewer Comment (2025-04-04): [redacted] received Post CD and LOX.


Buyer Comment (2025-04-03): PCCD


Reviewer Comment (2025-04-02): [redacted] received rebuttal. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the title fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required.  Provide Corrected CD,  LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-04-01): Please cancel condition.
 04/04/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223076520 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure[redacted] TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing.         Reviewer Comment (2025-04-04): Sufficient Cure Provided At Closing
   04/04/2025   1   A   A   A   A   A   FL Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. File is missing evidence appraisal was delivered to borrower [redacted]([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-02): Appraisal receipt provided.


Buyer Comment (2025-04-02): See attached


Reviewer Comment (2025-04-01): Receipt provided is for the preliminary appraisal. Missing receipt for appraisal with report date of [redacted].


Buyer Comment (2025-03-31): Please see internal document [redacted]. Please cancel this condition as it is invalid.
 04/02/2025     1 B A B A B A B A B A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML [redacted]HPML [redacted]Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure [redacted]of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced [redacted]Loan. [redacted][redacted] due to missing evidence appraisal was delivered to borrower [redacted]([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-02): Appraisal receipt provided.
 04/02/2025     1 C A C A C A C A C A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. [redacted]Non- Compliant due to missing evidence appraisal was delivered to borrower [redacted]([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-02): Appraisal receipt provided.
 04/02/2025     1 C A C A C A C A C A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
223076522 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) [redacted] [redacted] Loan: File does not contain evidence that analysis of [redacted]ability to [redacted]was performed based on [redacted][redacted], obligations, assets, and/or employment using [redacted]payment based on[redacted]rate with fully-amortizing payment and taking into account  payments on any [redacted]-[redacted]loans. File does not contain evidence that analysis of borrower's ability to repay was performed based on verified [redacted], [redacted], assets, and/or [redacted]using [redacted]payment based on fully-[redacted]rate with fully-amortizing payment and taking into account [redacted]on any [redacted[redacted]s.       Reviewer Comment (2025-04-01): Client elects to waive.
     04/01/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
223076522 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) [redacted]:  [redacted]does not contain a legend stating that the subprime loan is subject to[redacted]-m of the [redacted] [redacted]does not contain a legend stating that the subprime loan is subject to [redacted]m of the[redacted]       Reviewer Comment (2025-04-01): Client elects to waive.
     04/01/2025 2 B B B B B B B B B B   NY Primary Purchase Provide the following:  Letter of Explanation,  corrected Mortgage (with required Legend), and proof of mailing.  Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage.). C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] [redacted] Threshold Greater than [redacted]Year [redacted]Non-Compliant [redacted] Subprime Loan: APR on subject loan of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]% + [redacted]%, or [redacted]%.  [redacted]. [redacted]on subject loan of [redacted]% is in excess of allowable threshold of Prime [redacted]Market Rate [redacted]% + [redacted]%, or [redacted]%.       Reviewer Comment (2025-04-01): Client elects to waive.
     04/01/2025 2 B B B B B B B B B B   NY Primary Purchase (Limited Use Bona Fide Errors - Compliance and Client Approval Required)  With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier).  Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) [redacted]n: Borrower not provided with Notice of [redacted]and Insurance on[redacted] [redacted]of [redacted]and Insurance on[redacted], subprime loan is missing.       Reviewer Comment (2025-04-01): Client elects to waive.
     04/01/2025 2 B B B B B B B B B B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the [redacted]. [redacted]Report increased from $[redacted]to $[redacted]with no valid [redacted]provided. Cure of $[redacted]disclosed on the Final Closing Disclosure is insufficient to cover [redacted]tolerance violations totaling $[redacted].       Reviewer Comment (2025-04-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-01): Please see attached, Lender Credit already listed in section J for the credit report, this condition should be cancelled
 04/02/2025     1 C A C A C A C A C A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was [redacted]to the borrower. [redacted]% tolerance violation is due to increase of Recording Fees from $[redacted]to $[redacted]with no valid [redacted] provided. Cure of $[redacted]disclosed on the Final Closing Disclosure is insufficient to cove[redacted] tolerance violations totaling $[redacted].       Reviewer Comment (2025-04-15): [redacted] received corrected PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-04-11): see attached.


Reviewer Comment (2025-04-11): [redacted] received copy of final CD which is already in file from which we are unable to identify the fees paid towards Recording fee and Transfer taxes. Please provide ALTA final SS that can show actual charges paid for fees in question at closing.


Buyer Comment (2025-04-10): See attached


Reviewer Comment (2025-04-09): [redacted] received copy of final CD but no final SS. True and Certified copy of the Final Settlement Statement to verify the specific fees charged at closing to re-evaluate the exception.


Buyer Comment (2025-04-08): Please see attached


Reviewer Comment (2025-04-07): [redacted] received PCCD dated [redacted] with Recording fee reduced and Transfer Taxes for [redacted] moved from line [redacted] to line [redacted] in section E on page [redacted] of the disclosure. Hence, we also required True and Certified copy of the Final Settlement Statement to verify the specific fee applied the same and reevaluate this exception.


Buyer Comment (2025-04-03): Please see attached
   04/15/2025   2 C B C B C B C B C B   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final [redacted]Disclosure Amount Financed [redacted] TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted][redacted]to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for [redacted]Financed to be considered [redacted](fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]. Final Closing Disclosure provided o[redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for [redacted]Financed to be considered accurate       Reviewer Comment (2025-04-07): [redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing.


Buyer Comment (2025-04-03): Please see attached
   04/07/2025   2 C B C B C B C B C B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final [redacted]Disclosure Finance [redacted] TILA-RESPA Integrated Disclosure - Loan [redacted]: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted] Finance charge disclosed on Final Closing Disclosure as $[redacted]Calculated Finance Charge is $[redacted]for an over disclosed amount of $[redacted]. Reason for Finance Charge over disclosure is [redacted]       Reviewer Comment (2025-04-07): [redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing.


Buyer Comment (2025-04-03): Please see attached
   04/07/2025   2 C B C B C B C B C B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
223076522 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure [redacted] TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was [redacted]to the [redacted]at Closing. Sufficient cure provided at closing       Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing
   04/15/2025   1   A   A   A   A   A   NY Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
223078900 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves [redacted].   [redacted]assets are not sufficient to cover guideline requirement reserves. $[redacted]reserves verified and guidelines require of $[redacted].       Reviewer Comment (2025-04-08): Received Bank Statements, information validated reserve requirement suffice. Exception Cleared.


Buyer Comment (2025-04-07): [redacted] retirement stmt for[redacted]k


Reviewer Comment (2025-04-04): Updated reserve requirements per lenders rebuttal per AUS, however the reserves remain short by [redacted]. Evidence of the EMD for [redacted] was not sourced. Please provide the source for the EMD


Buyer Comment (2025-04-02): see uploaded lox rebuttal please cancel condition
 04/08/2025     1 C A C A C A C A C A   NC Second Home Purchase   C A C A A A A A Non QM Non QM No
223078913 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The [redacted]Insurance Policy [redacted] is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ Provide [redacted]Insurance policy effective date active at that time of note date or closing date.       Reviewer Comment (2025-04-01): Letter of no loss received which confirms there is no loss or damage to the property from note date to policy effective date. Exception cleared.


Buyer Comment (2025-03-31): No Loss Letters
 04/01/2025     1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
223078914 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. No [redacted]that [redacted]received a copy of appraisal at least [redacted]business days to closing.       Reviewer Comment (2025-03-27): Client elects to waive
     03/27/2025 2 B B B B B B B B B B   MD Investment Purchase   B B A A B B A A Non QM Exempt from ATR No
223078948 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for[redacted]r is requesting a cash out refinance of an investment property utilizing [redacted]to qualify at an [redacted]% [redacted].[redacted] does not provide an option for an [redacted]%[redacted]n. ***Comments from the [redacted]: I am [redacted]an [redacted]exception for this file at [redacted]%[redacted]. [redacted]is for [redacted]%[redacted]for cash out refinance on [redacted]-unit investment property. [redacted]is long term successful realtor with [redacted]plus [redacted]in the industry. Customer has rental/ landlord history. Strong credit history with [redacted]middle score. Reserves in file about $[redacted]liquid. Leases in file showing rent of $[redacted]per month. Customer is key referral partner. Lender exception was approved [redacted]% [redacted]Max, [redacted]minimum [redacted], Subject to [redacted] to be rented and tenant occupied, [redacted]calculation per guidelines, All reserve funds to come come from [redacted]own funds , [redacted]Years [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-03-25): Client elected to waive exceptions with compensating factors.


Reviewer Comment (2025-03-25): Unable to waive and downgrade as comp factor listed in not on list of approved comp factors. Please provide additional comp factors.
     03/25/2025 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223081683 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: [redacted]not provided   [redacted]search for borrowing business entity is missing.       Reviewer Comment (2025-04-02): Received OFAC search document for business entity. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-01): OFAC
 04/02/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223082299 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The[redacted]of [redacted]([redacted]) /[redacted] ([redacted]) is required and was not found in file.   File is missing [redacted]supporting [redacted]and landlord confirming tenants pay in [redacted]copy of fully executed [redacted].       Reviewer Comment (2025-04-01): Exception Cleared, received AUS LP Finding and as per LP VOR is not required.


Buyer Comment (2025-03-31): see attached
 04/01/2025     1 C A C A C A C A C A   TX Investment Purchase   D A D A A A A A N/A Exempt from ATR No
223082299 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: [redacted] not provided   [redacted]Initial rate lock document not provided.       Reviewer Comment (2025-03-28): Initial rate lock received and updated. Exception cleared.


Buyer Comment (2025-03-27): Initial Rate lock
 03/28/2025     1 C A C A C A C A D A   TX Investment Purchase   D A D A A A A A N/A Exempt from ATR No
223082375 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. [redacted]of final appraisal appraisal receipt not [redacted].       Reviewer Comment (2025-04-01): Appraisal receipt provided.


Buyer Comment (2025-03-31): Appraisal sent
 04/01/2025     1 B A B A B A B A B A   FL Primary Purchase   B B B B B A A A Non QM Non QM No
223082375 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance [redacted]With Sufficient Cure Provided [redacted]Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing.         Reviewer Comment (2025-03-24): Sufficient Cure Provided At Closing
   03/24/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure B B B B B A A A Non QM Non QM Yes
223082375 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested to allow borrower to close in multi-layered entity, owned solely by an [redacted]which is held in a [redacted].

Exception approved with conditions:[redacted]esolution to borrower for [redacted]Overseas [redacted][redacted]to be [redacted][redacted][redacted]d [redacted][redacted], by [redacted] as [redacted]and Trustee of the [redacted][redacted]and Restated [redacted], [redacted][redacted][redacted][redacted][redacted], [redacted]as member. [redacted]) [redacted]to [redacted]for [redacted] to be executed by [redacted][redacted[redacted]y [redacted] as manager and Trustee of the [redacted]Amendment and Restated [redacted], Revocable [redacted]Trus[redacted] [redacted][redacted], [redacted]as member. [redacted]) [redacted]for [redacted][redacted][redacted][redacted]. Compensating factors: no mortgage lates, self employed since [redacted], residual income $[redacted]/[redacted], [redacted]is low, [redacted]over [redacted].		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Borrower has verified disposable income of at least $[redacted].		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-25): Lender exception approved with compensating factors.
     03/25/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B B A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted]does not match Due Diligence Loan Designation of[redacted]Fail. The loan is missing [redacted][redacted]to verify borrower's self employment, causing the loan to waterfall through the [redacted]Testing, resulting in a [redacted]Designation discrepancy.       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): CPA Letter
 03/31/2025     1 B A C A B A C A B A   TX Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To[redacted]-[redacted] Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current employment status using reasonably reliable [redacted] The loan is missing [redacted][redacted]to verify borrower's self employment, causing the loan to waterfall through the [redacted]       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): Please see CPA letter uploaded today
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To [redacted] - [redacted] Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify [redacted]employment status using reasonably reliable [redacted]. The loan is missing [redacted] to verify [redacted]s[redacted]edacted], causing the loan to waterfall through the QM Testing.       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): Please see CPA letter uploaded today
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect [redacted]/[redacted]Guideline Deficiency -[redacted]t Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to [redacted]and/or [redacted]doc requirements which could result in a risk to the [redacted]y.  (Exception is eligible to be regraded with compensating factors.) The loan is missing [redacted]Letter to verify [redacted][redacted] causing the loan to waterfall through the [redacted]       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): Please see CPA letter uploaded today
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM [redacted]ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. The loan is missing [redacted]Letter to [redacted][redacted]self [redacted], causing the loan to waterfall through the [redacted]Testing.       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.
 03/31/2025     1 A A A A A A A A A A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial[redacted] Timing [redacted]Provided TILA-RESPA Integrated Disclosure:[redacted] not delivered to Borrower(s) within [redacted]([redacted]) business days of application. Initial Loan Estimate dated [redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the[redacted] and failure to provide good faith estimate of fees timely may result in additional fee [redacted]violations. Loan Estimate not delivered to Borrowers within [redacted]business days of application. Initial [redacted]Estimate dated [redacted] was [redacted]provided without or prior to [redacted]consent to receive [redacted]disclosures       Reviewer Comment (2025-04-07): [redacted] received LOS snip of LE sent via [redacted].


Buyer Comment (2025-04-04): Proof mailed


Reviewer Comment (2025-04-04): [redacted] received rebuttal and e-consent, however the consumer went through the consent process on [redacted] as the e-consent was over [redacted] business days and acknowledged over [redacted] business days.  The LE would not have been provided electronically if borrower had not e-consented with the [redacted] business days after application. Provide proof borrower was sent Initial LE via other means than electronic delivery,


Buyer Comment (2025-04-03): *and didn't view until econsented.


Buyer Comment (2025-04-03): Please see attached doc history showing initial disclosures were sent [redacted] which was in the required timeframe.  They're not required to sign, but can, and confirmed eConsent prior to signing.


Reviewer Comment (2025-04-02): The consumer went through the eConsent process on [redacted] the consumer acknowledged the receipt of the LE on [redacted]. But the loan application date was [redacted]. In the event the consumer had not provided eConsent by [redacted], then the lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment [redacted](e)([redacted])(iv)-[redacted]. Provide proof borrower was sent Initial LE via other means than electronic delivery, as the e-consent was over [redacted] business days and acknowledged over [redacted] business days. The LE would not have been provided electronically if borrower had not e-consented with the [redacted] business days after application.


Buyer Comment (2025-03-31): Please see top of page that showing EFFECTIVE DATE: This E-Consent Agreement is Effective as of [redacted], [redacted].


Reviewer Comment (2025-03-31): The consumer went through the eConsent process on [redacted], the consumer acknowledged the receipt of the LE on [redacted]. But the loan application date was [redacted]. In the event the consumer had not provided eConsent by [redacted], then the lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment [redacted](e)([redacted])(iv)-[redacted]. Provide proof borrower was sent Initial LE via other means than electronic delivery, as the e-consent was over [redacted] business days and acknowledged over [redacted] business days.  The LE would not have been provided electronically if borrower had not e-consented with the [redacted] business days after application.


Buyer Comment (2025-03-28): Please see eConsent effective
 04/07/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA [redacted]Disclosure Timing Test TIL variable rate disclosure: [redacted]loan program disclosure not provided to the borrower within [redacted]([redacted]) days of application. [redacted]loan program disclosure not provided to the [redacted]within [redacted]([redacted]) days of application.       Reviewer Comment (2025-03-31): Disclosure tracking received for ARM disclosure, Exception Cleared.


Buyer Comment (2025-03-28): Disclosure Tracking
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at[redacted] The loan is missing [redacted]Letter to verify [redacted][redacted] [redacted]the loan to waterfall through the QM Testing.       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): Please see CPA letter uploaded today
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment [redacted]documentation [redacted]not met.   [redacted] due to missing [redacted] letter in file.       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.


Buyer Comment (2025-03-28): Please see CPA letter uploaded today
 03/31/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223089103 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted]Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of[redacted] [redacted]letter received, Exception [redacted]       Reviewer Comment (2025-03-31): CPA letter received, Exception Cleared.
 03/31/2025     1   A   A   A   A   A   TX Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223089489 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the [redacted]. Transfer Tax Fee disclosed as $[redacted]on Loan Estimate dated[redacted] but disclosed as $[redacted]on Final Closing Disclosure.[redacted]cure was provided to the [redacted]and a valid change of circumstance was not [redacted].       Reviewer Comment (2025-04-07): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-04): Documents Shipped via [redacted] [redacted], to be delivered today by [redacted] EST.


Reviewer Comment (2025-04-02): [redacted] received PCCD, LOE, Refund Check and Proof of Mailing. FedEx tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.


Buyer Comment (2025-04-01): TRID Documentation
   04/07/2025   2 C B C B C B C B C B   FL Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223089497 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]Disaster Issue: The most recent [redacted]inspection is dated prior to the most recent [redacted]disaster.           Reviewer Comment (2025-03-28): Received Property Inspection Report (PDI). Exception cleared.


Buyer Comment (2025-03-28): Please cancel condition as Disaster Report was previously provided under.


Buyer Comment (2025-03-28): Disaster Report
 03/28/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223089499 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on[redacted][redacted] Initial [redacted]account statement reflects initial deposit of $[redacted]and final [redacted]reflects initial deposit collected in the amount of $[redacted].       Reviewer Comment (2025-04-01): Received Initial escrow account disclosure & updated correctly. Exception cleared.


Buyer Comment (2025-03-31): IEADS
 04/01/2025     1 B A B A B A B A B A   GA Primary Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 C A A A C A A A Non QM Non QM Yes
223089499 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure [redacted]without [redacted] TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to [redacted](s) at least [redacted]([redacted]) business days prior to closing. Initial [redacted] closing disclosure was signed on [redacted], missing evidence of earlier receipt.       Reviewer Comment (2025-04-03): [redacted] received disclosure summary for initial CD.


Buyer Comment (2025-04-02): Proof Delivered


Reviewer Comment (2025-04-02): [redacted] received disclosure summary however unable to identify provided disclosure summary is associated with CD dated [redacted]. Kindly provide evidence that the borrower received initial CD [redacted] days prior to closing date.


Buyer Comment (2025-03-31): CD Dated [redacted] [redacted] top of page shows recvd by bwr [redacted].


Reviewer Comment (2025-03-31): [redacted] received Disclosure tracking indicates that [redacted] document request status viewed on [redacted] instead of Closing disclosure receipt information. Please provide documentation if the CD dated [redacted] was received [redacted] (day [redacted]) or earlier for review.


Buyer Comment (2025-03-28): Document Receipt Date
 04/03/2025     1 C A C A C A C A C A   GA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223089555 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted] business days prior to consummation. No evidence that [redacted]received a copy of appraisal at least[redacted] [redacted]days to closing.       Reviewer Comment (2025-03-27): Evidence of appraisal receipt provided.  Exception cleared.


Buyer Comment (2025-03-26): Receipts
 03/27/2025     1 B A B A B A B A B A   WA Second Home Purchase   B A A A B A A A Non QM Non QM No
223089822 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   [redacted] Purpose [redacted]is missing in file.       Reviewer Comment (2025-04-02): Business purpose certificate provided , Exception cleared


Buyer Comment (2025-04-01): Business Purpose Cert
 04/02/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223090339 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: [redacted]Purpose Certificate not provided   Business Purpose Certificate is missing       Reviewer Comment (2025-03-28): Business Purpose Certificate is provided. Exception Cleared.


Buyer Comment (2025-03-27): Please see attached
 03/28/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223090339 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document[redacted] Utilization not provided   [redacted] Utilization letter is missing       Reviewer Comment (2025-04-01): Business purpose letter was provided with initial package. Exception cleared.


Buyer Comment (2025-03-31): Please see business purpose cert previously uploaded, there is no need for a separate cashout LOE
 04/01/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223090370 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is [redacted]or [redacted], and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-24): Received Title Final. Exception Cleared.
 04/24/2025     1 A A A A A A A A A A   CA Investment Purchase   B A B A     A A   N/A No
223090370 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Please provide updated Title Commitment or Title Final with [redacted]amount.       Reviewer Comment (2025-04-24): Received Title Final. Exception Cleared.


Buyer Comment (2025-04-23): Final Title


Buyer Comment (2025-04-22): Supplemental Report
 04/24/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A     A A   N/A No
223090416 [redacted] [redacted]   XXXX     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative [redacted]score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender exception available in file for [redacted]of [redacted]which is less than the required [redacted]of [redacted][redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-03-26): Client elects to waive with comp factors.
     03/26/2025 2 C B C B C B C B C B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223090416 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request [redacted]is [redacted]which is almost to [redacted], reserves with the cash out roughly [redacted]VS required of [redacted]months ($[redacted]), currently owns property free and clear. exception request for minimum [redacted][redacted]does not met [redacted]. Lender exception with [redacted][redacted][redacted]% [redacted]Max, [redacted][redacted][redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-03-26): Client elected to waive exceptions with compensating factors.
     03/26/2025 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223092001 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to [redacted]. [redacted]did not provide a copy of each valuation to applicant [redacted]business days prior to consummation.       Reviewer Comment (2025-03-28): Appraisal delivery confirmation document received, Exception Cleared.


Buyer Comment (2025-03-26): receipt
 03/28/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223092001 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. [redacted]did not provide a copy of each valuation to applicant [redacted]business days prior to consummation.       Reviewer Comment (2025-03-28): Appraisal delivery confirmation document received, Exception Cleared.


Buyer Comment (2025-03-26): [redacted]th receipt
 03/28/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223092001 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted]([redacted]) business days prior to closing. [redacted]of borrower receipt was not found in file.       Reviewer Comment (2025-03-27): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-03-26): Loan Estimate
 03/27/2025     1 C A C A C A C A C A   CA Primary Purchase No Defined Cure C A B A C A A A Non QM Non QM No
223092001 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if [redacted]   The [redacted]title report in file did not disclose the [redacted]of title [redacted]coverage. Provide a copy of the final title policy or an addendum to the [redacted]report verifying title [redacted]of at [redacted]the loan amount.       Reviewer Comment (2025-04-08): Exception Cleared; updated Title Supplemental Policy is received.


Buyer Comment (2025-04-07): title Supp.
 04/08/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223092202 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure [redacted]Consent Agreement is missing. - [redacted] Consent Agreement is missing.       Reviewer Comment (2025-03-27): Provided e-sign consent agreement. Exception cleared.


Buyer Comment (2025-03-26): E Consent
 03/27/2025     1 C A C A C A C A C A   MA Primary Purchase   C A C A A A A A Non QM Non QM No
223095190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. [redacted]did not provide a copy of each valuation to applicant [redacted][redacted]days prior to [redacted].       Reviewer Comment (2025-03-31): Appraisal receipt received and verified. Exception cleared


Buyer Comment (2025-03-27): Proof appraisal sent
 03/31/2025     1 B A B A B A B A B A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223095190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted]Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted][redacted]does not match Due Diligence Loan Designation of [redacted]Risk. [redacted]of [redacted]required business bank statements are missing for the month of [redacted], [redacted]and [redacted][redacted]for income qualifying account ending in [redacted].       Reviewer Comment (2025-04-03): Exception cleared - Received letter of explanation from the lender and considered the conservative income. Doc ID [redacted] & [redacted]


Buyer Comment (2025-04-02): Rebuttal
 04/03/2025     1 B A C A B A C A B A   NY Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223095190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect [redacted]/[redacted]Guideline Deficiency - [redacted]Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a [redacted]to the [redacted]ability to repay.  (Exception is eligible to be regraded with [redacted]factors.) [redacted]of [redacted]required business bank statements are missing for the month of [redacted], [redacted]and [redacted][redacted] for income qualifying account ending in [redacted].       Reviewer Comment (2025-04-03): Exception cleared - Received letter of explanation from the lender and considered the conservative income. Doc ID [redacted] & [redacted]


Buyer Comment (2025-04-03): Rebuttal
 04/03/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223095190 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment [redacted]documentation requirements not met.   [redacted]of [redacted]required business bank statements are missing for the [redacted]of [redacted], [redacted]and [redacted][redacted]for [redacted]qualifying [redacted]ending in [redacted].       Reviewer Comment (2025-04-03): Exception cleared - Received letter of explanation from the lender and considered the conservative income. Doc ID [redacted] & [redacted]


Buyer Comment (2025-04-02): Rebuttal
 04/03/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223095190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or [redacted]guideline components, the loan is at [redacted] risk. [redacted]of [redacted]required business bank statements are missing for the month of [redacted], [redacted]and [redacted][redacted]for income qualifying [redacted]ending in [redacted].       Reviewer Comment (2025-04-03): Exception cleared - Received letter of explanation from the lender and considered the conservative income. Doc ID [redacted] & [redacted]


Buyer Comment (2025-04-02): Rebuttal
 04/03/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223095190 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   [redacted]Exception approved to allow [redacted][redacted]Authorization [redacted][redacted]and [redacted][redacted]is a [redacted]. Borrower has verified disposable income of at least $[redacted].

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-26): Lender approved exception with comp factors.
     03/26/2025 2 B B B B B B B B B B   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223111589 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not [redacted]   [redacted]confirmation that usage of business funds will not impact business [redacted].       Reviewer Comment (2025-04-02): Cleared. Business asset used for funds to close are not the owned by the same business used for in-come qualification. Confirmation from CPA and/or Cash Flow Analysis indicating that withdrawal of funds won't have an impact on the additional business is not required and aligns with [redacted] guidance on use of business assets.


Reviewer Comment (2025-04-01): The CPA letter provided does not state that use of the business funds in the [redacted] account #[redacted], that is used in the transaction for reserve requirement, will not have a material adverse impact on the business' operations and is required.


Buyer Comment (2025-03-28): Please cancel condition. The assets being utilized for funds to close are from one of the borrower's secondary businesses from which the income calculation is NOT being derived from. Since no additional income is being used to qualify from this source, the withdrawal of the funds having a material impact on the business would not have a material impact on our transaction and the borrower's ability to repay. Additionally, the CPA letter and VOE documents in file confirm the borrower is [redacted] owner of ALL businesses and as such, validates the borrower has full access to the funds.
 04/02/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223111589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure [redacted]Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted][redacted] The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]       Reviewer Comment (2025-04-04): [redacted] received LOA


Buyer Comment (2025-04-02): Rebuttal


Reviewer Comment (2025-03-31): [redacted] included the following prepaid finance charges: [redacted] CPL, [redacted] tax service, [redacted] extension, [redacted] flood, [redacted] discount points, [redacted] prepaid interest, [redacted] processing, [redacted] tax service, [redacted] settlement/closing, and [redacted] underwriting, for a total of [redacted]. If lender disagrees with a fee that is included in [redacted] calculation, then additional supporting documentation may be provided for further review. Alternatively, the exception may be cured with Corrected CD, LOE to borrower, copy of cure refund for the total underdisclosure of [redacted], proof of mailing and the proof of reopening of rescission to all parties.


Buyer Comment (2025-03-27): Final Mavent pg [redacted] D[redacted] and Final CD pg [redacted] [redacted]amount financed matches. Please waive.
 04/04/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223111589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final [redacted]Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated 0[redacted]). The [redacted]Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]       Reviewer Comment (2025-04-04): [redacted] received LOA


Buyer Comment (2025-04-02): Rebuttal uploaded


Reviewer Comment (2025-03-31): [redacted] included the following prepaid finance charges: [redacted] CPL, [redacted] tax service, [redacted] extension, [redacted] flood, [redacted] discount points, [redacted] prepaid interest, [redacted] processing, [redacted] tax service,[redacted] settlement/closing, and [redacted] underwriting, for a total of [redacted]. If lender disagrees with a fee that is included in [redacted] calculation, then additional supporting documentation may be provided for further review. Alternatively, the exception may be cured with Corrected CD, LOE to borrower, copy of cure refund for the total underdisclosure of [redacted], proof of mailing and the proof of reopening of rescission to all parties.


Buyer Comment (2025-03-27): Final Mavent pg [redacted] D[redacted] and Final CD pg [redacted] [redacted] finance charge matches. Please waive.
 04/04/2025     1 C A C A C A C A C A   PA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223111589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing
   03/25/2025   1 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223111589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing.         Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing
   03/25/2025   1 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223111589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing.         Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing
   03/25/2025   1 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223111607 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Late Charge [redacted][redacted] Grace Period Testing [redacted]Late Charge: Note grace period of [redacted]days is less than the state minimum of [redacted]days. [redacted]grace period of [redacted]days is less than the state minimum of [redacted]days.       Reviewer Comment (2025-04-02): Exception Cleared; Corrected Late charge percent and days on Note screen per Note document.


Buyer Comment (2025-04-01): Please advise. The note states [redacted] day grace period on page [redacted] D[redacted]
 04/02/2025     1 B A B A B A B A B A   VA Primary Purchase   B A A A B A A A Non QM Non QM No
223111607 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Late Charge [redacted][redacted] Percent Testing [redacted][redacted] Note late charge percent of [redacted]% exceeds the state maximum of [redacted]%. [redacted]late charge percent of [redacted]% exceeds the state maximum of [redacted]%.       Reviewer Comment (2025-04-02): Exception Cleared; Corrected Late charge percent and days on Note screen per Note document.


Buyer Comment (2025-04-01): Please Waive. The note states [redacted] late charge and not [redacted] on page [redacted] D[redacted]
 04/02/2025     1 B A B A B A B A B A   VA Primary Purchase   B A A A B A A A Non QM Non QM No
223114172 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   [redacted]exception request for the use of the property as a [redacted][redacted]is Approved-the prior exception to [redacted]requirement to require all members to be present to [redacted]the [redacted]declined. Any [redacted]to ensure all members have signed which are located to [redacted]state may be made in accordance with allowable options for these type Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.


Buyer Comment (2025-04-01): Please clarify the requirement for this condition and/or what is required to clear.
     04/03/2025 2 C B C B C B C B C B   AZ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223114173 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for Unacceptable Property Type ([redacted]with [redacted][redacted]and [redacted]Comparables). Exception request for eligibility of subject property. The subject is a legally zoned [redacted][redacted]a [redacted]with [redacted][redacted]new construction property. The appraiser has also provided comparable [redacted], which similarly has [redacted]. [redacted]. Compensating Factors are [redacted]: [redacted]Property Type ([redacted]with [redacted][redacted]and Similar Comparable). Lender exception was approved with Max [redacted][redacted][redacted][redacted]Min [redacted][redacted], Min [redacted]Year [redacted] The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2025-03-28): Client elects to waive with comp factors.
     03/28/2025 2 C B C B C B C B C B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223114173 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not [redacted]with deed           Reviewer Comment (2025-03-31): Provided supplemental title report with corrected vested in. Exception cleared.


Buyer Comment (2025-03-27): Supplement
 03/31/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223114174 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   There are [redacted][redacted], A trust and natural persons involved in the current business entity that is the [redacted]vested owner of the [redacted]. The [redacted]is the manager of all [redacted]and he is one of the [redacted]of the trust involved. The [redacted][redacted]score is great at [redacted]and he has minimal [redacted]debt. He also has long term [redacted]as he has owned his primary residence since [redacted]with compensating factors [redacted]is [redacted]Points more or above requirement, [redacted][redacted]home ownership, minimum [redacted]debt. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.


Buyer Comment (2025-04-01): Please clarify or clear.
     04/03/2025 2 C B C B C B C B C B   AZ Investment Purchase   C B C B     A A   N/A No
223114178 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing. Cure amount provided on final [redacted], file does not contain a valid [redacted]for this fee, nor evidence of cure in file.       Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
223114178 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Credit History. [redacted]
Requesting exception for [redacted]payment history of [redacted].-[redacted]from [redacted] is divorced and has to refinance to pay [redacted]off. [redacted]was lte on mortgage this year when he lost his [redacted]. Applicant is not on current mortgage. Borrower getting $[redacted][redacted][redacted], cash out to be reserves and [redacted]does not have the [redacted]months required (only gives [redacted]month [redacted]). [redacted]only has $[redacted]in their checking account. Borrower has approx. residual income of $[redacted]a month . [redacted]is from base salary. [redacted][redacted] - Branch added additional non-occupying [redacted][redacted]([redacted]) to file. Meeting method [redacted]of the [redacted]-[redacted] guidelines. Updated from reflects current [redacted]/[redacted]/[redacted].
Borrowers now have additional reserves of $[redacted]([redacted]mo [redacted]).		 Borrower has verified disposable income of at least $[redacted].

Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.		 Disposable Income: $[redacted]

Borrower has owned the subject property for at least [redacted] years.		 SitusAMC,Aggregator

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-27): Client elects to waive with comp factors.
     03/27/2025 2 C B C B C B C B C B   FL Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
223114299 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is [redacted]or [redacted], and not a Final Title Policy.           Reviewer Comment (2025-04-02): Received final Title report. Verified and updated details. Exception Cleared.
 04/02/2025     1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223114299 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-04-02): Received final Title report document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-01): Title
 04/02/2025     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223114306 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not [redacted]   Fraud Report to verify background is missing in file.       Reviewer Comment (2025-04-01): Fraud Report received in the file. Exception Cleared.


Buyer Comment (2025-03-31): fraud report
 04/01/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223114314 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing.         Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing
   03/25/2025   1 A A A A A A A A A A   MA Investment Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A N/A Non QM Yes
223114315 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the [redacted]at Closing. [redacted]Percent Fee Tolerance exceeded for [redacted]Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the [redacted]at Closing.       Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223114324 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The [redacted]Insurance Policy effective date is after the funds disbursed.   [redacted]Insurance Policy Effective Date[redacted] Disbursement Date: [redacted]; Note Date: [redacted]; Transaction Date:[redacted]       Reviewer Comment (2025-04-07): Received correct disbursement date. Condition cleared.


Buyer Comment (2025-04-03): FSS


Buyer Comment (2025-04-03): See [redacted]. This is a [redacted] file and the file didn't disburse funds until [redacted] so there really is no gap. Also, the insurance company /broker wouldn't sign a document if they didn't have a policy or access to that policy to confirm. The account numbers match and its the insurance broker the borrower went through for this policy.


Reviewer Comment (2025-04-03): The letter of no claims reflects an insurance provider of [redacted], however the insurance policy appears to be issued by [redacted], [redacted] and [redacted] Unable to connect the entity on the no claims letter with the insurers.


Buyer Comment (2025-04-01): No loss letter as insurance company will not change effective dates
 04/07/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223114324 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the [redacted]. [redacted]Percent Fee was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee,  Insufficient or no cure was provided to the [redacted]       Reviewer Comment (2025-04-02): [redacted] received PCCD and LOE


Buyer Comment (2025-04-01): PCCD
 04/02/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223114324 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]/[redacted]Questionnaire.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the [redacted]. [redacted]/[redacted]Questionnaire  was last disclosed as $[redacted]on Loan [redacted]but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this [redacted], Insufficient or no cure was provided to the [redacted].       Reviewer Comment (2025-04-02): [redacted] received PCCD and LOE


Buyer Comment (2025-04-01): PCCD
 04/02/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223114324 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Initial E-sign agreement missing on file       Reviewer Comment (2025-04-02): [redacted] received e-consent dated [redacted].


Buyer Comment (2025-03-31): Disc tracking


Buyer Comment (2025-03-31): Esign
 04/02/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223114329 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Verified liquid assets in the amount of $[redacted] are insufficient to meet reserve requirements of $[redacted].       Reviewer Comment (2025-03-31): Cleared. AUS provided indicates no reserves required.


Buyer Comment (2025-03-27): Please cancel this condition- This program is a [redacted]file- per reserves guidelines located in section [redacted]- Loans which utilize flexibilities afforded by AUS findings may follow those findings for reserve requirements. This program follows AUS guidance for reserves.
 03/31/2025     1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
223114332 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of $[redacted] has a coverage shortfall of $[redacted].       Reviewer Comment (2025-04-02): Dwelling coverage provided in replacement cost basis, Exception Cleared.


Buyer Comment (2025-03-31): Please see attached


Reviewer Comment (2025-03-28): Replacement cost estimator required. Exception remains


Buyer Comment (2025-03-27): Please see attached, policy has replacement endorsement
 04/02/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223114333 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Commitment reflects an ALTA Loan Policy amount of $[redacted], which is insufficient to cover the subject loan amount of $[redacted]. Final Title Policy was not provided to verify sufficient title coverage was obtained.       Reviewer Comment (2025-03-31): Received Title Commitment with the updated policy amount. Exception Cleared.


Buyer Comment (2025-03-28): Updated
 03/31/2025     1 B A B A B A B A B A   NJ Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223114335 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   IL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223114335 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] days of application.         Reviewer Comment (2025-04-07): [redacted]received Initial LE dated [redacted].


Buyer Comment (2025-04-04): Please see attached


Reviewer Comment (2025-04-04): [redacted]received rebuttal, however there is no LE dated [redacted] is available in file. Please provide LE to re-evaluate the exception.


Buyer Comment (2025-04-02): Please review your internal document [redacted], page [redacted]which shows the initial LE was sent on [redacted] which is within [redacted]business days of date of application[redacted]. This condition is invalid.


Reviewer Comment (2025-04-02): The timing for the LE under § [redacted](e)([redacted])(iii) is [redacted] business days from application.  Initial LE issued[redacted]. On this loan, the LE should have been issued within [redacted]business days of the broker application date of [redacted].


Buyer Comment (2025-04-01): Please see internal document [redacted], electronic consent was obtained [redacted].


Reviewer Comment (2025-03-31): [redacted]received Loan Summary with Loan disclosure History.  However, the document provided does not reflect the actual Electronic Consent Agreement Authorization by borrower and only reflects the history of a disclosure sent to borrower that was signed.  No entry states "electronic consent approved/authorized.  Provide actual E-consent agreement with borrower.


Buyer Comment (2025-03-27): Please see the top of internal document [redacted]-there is an electronic timestamp dated [redacted] showing the borrower received the document. Please cancel this condition as it is invalid.
 04/07/2025     1 C A C A C A C A C A   IL Primary Purchase   C A A A C A A A Non QM Non QM No
223114339 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-03-31): Appraisal Receipt received and verified. Exception cleared


Buyer Comment (2025-03-28): Conf
 03/31/2025     1 B A B A B A B A B A   CA Primary Purchase   C A A A C A A A Non QM Non QM No
223114339 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-03-31): Appraisal Receipt received and verified. Exception cleared


Buyer Comment (2025-03-28): Conf
 03/31/2025     1 B A B A B A B A B A   CA Primary Purchase   C A A A C A A A Non QM Non QM No
223114339 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] days prior to closing. Revised Loan Estimate dated [redacted] was not signed by borrowers.       Reviewer Comment (2025-03-28): Disclosure tracking provided


Buyer Comment (2025-03-28): Disclosure Tracking
 03/28/2025     1 C A C A C A C A C A   CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223114340 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Homeowner's Dues not provided in loan estimate and no valid change circumstance in file.       Reviewer Comment (2025-04-02): [redacted]received corrected PCCD and LOE moving the non-lender required fee from section C to H.


Buyer Comment (2025-04-01): Proof sent to borrower


Buyer Comment (2025-04-01): LOX PCCD
 04/02/2025     1 C A C A C A C A C A   NV Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223114340 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Title - Lender's Title Insurance fee in loan estimate is $[redacted] and closing disclosure reflects $[redacted].no valid change circumstance in file.       Reviewer Comment (2025-04-02): [redacted]received LOE and upon further review the title insurance disclosure is acceptable.


Buyer Comment (2025-04-01): Cure Docs
 04/02/2025     1 C A C A C A C A C A   NV Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223114343 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Trust Agreement not provided   Trust Agreement is not provided in file.       Reviewer Comment (2025-03-31): Provided Trust agreement of borrowing entity. Exception cleared.


Buyer Comment (2025-03-28): Trust Agreement
 03/31/2025     1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
223114343 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) not provided in file.       Reviewer Comment (2025-04-03): EIN provided.


Reviewer Comment (2025-03-31): CPA letter has EIN of [redacted], [redacted] which is not the borrowing entity. Exception remains.


Buyer Comment (2025-03-28): Please see [redacted]for CPA letter with EIN
 04/03/2025     1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
223114343 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to close in a [redacted] with compensating d=factors: Long term homeownership and extra reserves. Borrower needs [redacted] months reserves at closing =$[redacted]. Borrower has $[redacted]in reserves= [redacted]month's of reserves. Lender exception was approved minimum [redacted], minimum [redacted] Year PPP, Signature Requirements Note: [redacted], individually,[redacted] dated [redacted], by [redacted], its trustee, by [redacted], Its sole and managing member. Unable to downgrade/waive. Approval requires [redacted] however the calculated [redacted] is .[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-04-01): client elects to waive with comp factors.


Reviewer Comment (2025-04-01): [redacted] requirement met. Updated rental income to amount per guidelines. The lease may be used to calculate the [redacted].  The lease will continue for at least [redacted]months after the note date and [redacted]months of rents are located in the file.


Buyer Comment (2025-03-28): Please clarify or cancel as other exception related to [redacted] < [redacted]was cancelled
     04/01/2025 2   B   B   B   B   B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
223115040 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request : Credit Score. [redacted] - needs [redacted] for product/ LTV.
Parameters for primary res, cash out refi, L/A $[redacted]requires min [redacted]. Borrower's FICO is [redacted] point short at [redacted]. Borrower has [redacted] years credit depth with [redacted] isolated [redacted] day late on auto lease in [redacted] and [redacted] years mortgage depth with no derog. Borrower has owned boutique pet store for [redacted] years. Net proceeds are being used for reserves = [redacted] months. Borrower has owned the subject for [redacted] years		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-26): preapproved exception
     03/26/2025 2 B B B B B B B B B B   FL Primary Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
223115051 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. [redacted]           Reviewer Comment (2025-04-03): Received CDA report. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-02): CDA
 04/03/2025     1 D A D A D A D A D A   PA Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
223115055 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - [redacted]months bank statement required but only [redacted] month bank statement was provided for account ending in [redacted] and [redacted].       Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the [redacted] [redacted] product and required to follow AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted][redacted] product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 C A C A C A C A C A   MA Second Home Purchase   C A C A C A A A Non QM Non QM No
223115055 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. -         Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the [redacted] [redacted]y product and required to follow AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted] [redacted] product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 C A C A C A C A C A   MA Second Home Purchase   C A C A C A A A Non QM Non QM No
223115055 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to [redacted]months bank statement required but only [redacted] month bank statement was provided for account ending in [redacted] and [redacted] .       Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the [redacted] [redacted]product and required to consider AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted] [redacted] product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 B A C A B A C A B A   MA Second Home Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223115055 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to [redacted]months bank statement required but only [redacted]month bank statement was provided for account ending in [redacted] and [redacted].       Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the [redacted] [redacted] product and required to consider AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted] [redacted]product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 C A C A C A C A C A   MA Second Home Purchase   C A C A C A A A Non QM Non QM No
223115055 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to [redacted]months bank statement required but only [redacted] month bank statement was provided for account ending in [redacted] and [redacted].       Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the v [redacted] product and required to consider AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted] [redacted] product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 C A C A C A C A C A   MA Second Home Purchase   C A C A C A A A Non QM Non QM No
223115055 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Waterfall due to [redacted]months bank statement required but only [redacted] month bank statement was provided for account ending in [redacted] and [redacted].       Reviewer Comment (2025-03-31): [redacted]Month Bank statement is acceptable for account number ending with [redacted]and [redacted]as Loan was approved and locked under the [redacted] [redacted]product and required to consider AUS (LP) recommendations. Exception cleared.


Buyer Comment (2025-03-28): Loan was approved and locked under the [redacted] [redacted]product. We are required to follow the aus recommendations. Only [redacted]months bank statement is required.
 03/31/2025     1 C A C A C A C A C A   MA Second Home Purchase   C A C A C A A A Non QM Non QM No
223115553 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated Available for Reserves of [redacted] is less than Guideline Available for Reserves of  [redacted]       Reviewer Comment (2025-04-02): Received bank statements. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-01): Assets
 04/02/2025     1 C A C A C A C A C A   MD Investment Purchase   C A C A     A A   N/A No
223115553 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified liquid assets in the amount of $[redacted]are insufficient to meet cash to close of $[redacted]..  Final [redacted] reflects $[redacted] verified, however documentation to support qualifying asset was not provided.       Reviewer Comment (2025-04-02): Received bank statements. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-01): Please see assets uploaded today.
 04/02/2025     1 C A C A C A C A C A   MD Investment Purchase   C A C A     A A   N/A No
223115559 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing [redacted] ([redacted]), [redacted] for [redacted] Borrower.       Reviewer Comment (2025-04-15): [redacted]C received, exception cleared.


Buyer Comment (2025-04-11): [redacted]


Reviewer Comment (2025-04-10): DD is unable to clear this exception. Lender may, at their discretion, choose to downgrade and waive.


Buyer Comment (2025-04-08): [redacted]dated post closing are acceptable, please clear or escalate.


Reviewer Comment (2025-04-08): Lender obtained transcripts for the third borrower on [redacted]. The [redacted]prior to closing to enable to collection of these transcripts would be required.


Reviewer Comment (2025-04-02): Provided [redacted]-C is postdated, require document prior or of[redacted]. Exception Remains.


Buyer Comment (2025-04-01): [redacted]
 04/15/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of $[redacted] is less than the note amount of $[redacted]based on the Commitment in file.       Reviewer Comment (2025-03-31): Title Commitment received and associated. Exception cleared.


Buyer Comment (2025-03-31): Updated Commitment
 03/31/2025     1 B A B A B A B A B A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final [redacted]   Missing [redacted] document.       Reviewer Comment (2025-03-28): Final [redacted]document verified - Exception Cleared.


Buyer Comment (2025-03-28): [redacted]pg[redacted], [redacted]pgs [redacted], and [redacted]pgs[redacted] are all pages of the Final 1003, note that the page numbers on the bottom of the document go from page [redacted]of [redacted]on bottom of [redacted]pg [redacted]to page [redacted]of [redacted]on bottom of [redacted]pg [redacted].
 03/28/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Waterfall issue due to Co-mtgs amount of $[redacted] is not verified in loan, Final figures for [redacted] calculations cannot be confirmed due to missing [redacted].       Reviewer Comment (2025-04-10): Per lender rebuttal, taxes/insurance were supported by prior mortgage statement. Using higher amount. Condition cleared.


Buyer Comment (2025-04-09): Please see FUW commentary uploaded today


Reviewer Comment (2025-04-08): Per lenders rebuttal the [redacted] mortgage was paid off. Evidence of the taxes and insurance for the property located at [redacted]is missing.


Buyer Comment (2025-04-07): Documentation to support


Reviewer Comment (2025-04-01): The [redacted]reflects an amount of $[redacted]for "Co-Mtgs" however there is no reference for this amount on the final loan applications and there is no documentation located in the file to verify the liability.


Reviewer Comment (2025-03-31): Required document for Co-Mortgage amount of $[redacted]. Exception remains.


Buyer Comment (2025-03-28): Please see [redacted]pg [redacted], [redacted]pgs [redacted], and [redacted]pgs [redacted]are all pages of the Final [redacted], note that the page numbers on the bottom of the document go from page [redacted]of [redacted]on bottom of [redacted]pg [redacted]to page [redacted]of [redacted]on bottom of [redacted]pg [redacted].
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted] Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Risk. Waterfall issue due to Co-mtgs amount of $[redacted]is not verified in loan, Final figures for [redacted] calculations cannot be confirmed due to missing [redacted].       Reviewer Comment (2025-04-10): Per lender rebuttal, taxes/insurance were supported by prior mortgage statement. Using higher amount. Condition cleared.


Buyer Comment (2025-04-09): Please see FUW commentary uploaded today


Reviewer Comment (2025-04-08): Per lenders rebuttal the [redacted] mortgage was paid off. Evidence of the taxes and insurance for the property located at [redacted] is missing.


Buyer Comment (2025-04-07): Please see documentation uploaded today


Reviewer Comment (2025-04-01): The [redacted]reflects an amount of $[redacted]for "Co-Mtgs" however there is no reference for this amount on the final loan applications and there is no documentation located in the file to verify the liability.


Buyer Comment (2025-03-28): Please see [redacted]pg [redacted], [redacted] pgs [redacted], and [redacted]pgs [redacted] are all pages of the Final [redacted], note that the page numbers on the bottom of the document go from page [redacted]of [redacted]on bottom of [redacted]pg [redacted]to page [redacted]of [redacted]on bottom of [redacted]pg [redacted].
 04/10/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223115559 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall issue due to Co-mtgs amount of $[redacted]is not verified in loan, Final figures for [redacted] calculations cannot be confirmed due to missing [redacted].       Reviewer Comment (2025-04-10): Per lender rebuttal, taxes/insurance were supported by prior mortgage statement. Using higher amount. Condition cleared.


Buyer Comment (2025-04-09): Please see FUW commentary uploaded today


Reviewer Comment (2025-04-08): Per lenders rebuttal the [redacted] mortgage was paid off. Evidence of the taxes and insurance for the property located at [redacted] is missing.


Buyer Comment (2025-04-07): Please see documentation uploaded today


Reviewer Comment (2025-04-01): The [redacted]reflects an amount of $[redacted]for "Co-Mtgs" however there is no reference for this amount on the final loan applications and there is no documentation located in the file to verify the liability.


Buyer Comment (2025-03-28): Please see [redacted]pg [redacted], [redacted] pgs [redacted], and [redacted]pgs [redacted] are all pages of the Final [redacted], note that the page numbers on the bottom of the document go from page [redacted]of [redacted]on bottom of [redacted]pg [redacted]to page [redacted]of [redacted]on bottom of [redacted]pg [redacted].
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall issue due to Co-mtgs amount of $[redacted] is not verified in loan, Final figures for [redacted] calculations cannot be confirmed due to missing [redacted].       Reviewer Comment (2025-04-10): Per lender rebuttal, taxes/insurance were supported by prior mortgage statement. Using higher amount. Condition cleared.


Buyer Comment (2025-04-09): Please see FUW commentary uploaded today


Reviewer Comment (2025-04-08): Per lenders rebuttal the [redacted] mortgage was paid off. Evidence of the taxes and insurance for the property located at [redacted] is missing.


Buyer Comment (2025-04-07): Please see documentation uploaded today


Reviewer Comment (2025-04-01): The [redacted]reflects an amount of $[redacted]for "Co-Mtgs" however there is no reference for this amount on the final loan applications and there is no documentation located in the file to verify the liability.


Buyer Comment (2025-03-28): Please see [redacted]pg[redacted], [redacted]pgs [redacted], and [redacted]pgs[redacted] are all pages of the Final[redacted], note that the page numbers on the bottom of the document go from page [redacted] of [redacted]on bottom of [redacted]pg [redacted]to page [redacted]of [redacted]on bottom of [redacted]pg [redacted].
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115559 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Per lenders rebuttal, the first mortgage was paid off on this property. Evidence of the taxes and insurance expenses on this property are missing from the file.       Reviewer Comment (2025-04-10): Per lender rebuttal, taxes/insurance were supported by prior mortgage statement. Using higher amount. Condition cleared.


Buyer Comment (2025-04-09): FUW Commentary
 04/10/2025     1   A   A   A   A   A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223115561 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception request for Non-Warrantable condo due to single entity ownership.
Non-Warrantable Characteristic [redacted] ) [redacted]% single entity ownership - [redacted] out of [redacted] units owned by Investor.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-26): Client elected to waive exceptions with compensating factors.
     03/26/2025 2 B B B B B B B B B B   MA Primary Purchase   B B B B A A A A Non QM Non QM No
223115670 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Collateral Security Instrument is not signed by borrower(s).   Security Instrument document is not signed by Borrower. Notary and Stamp is also missing on document.       Reviewer Comment (2025-04-01): Exception cleared. Received revised Security Instrument and updated correctly.


Buyer Comment (2025-03-31): Note and Deed
 04/01/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   D B C A D B A A N/A Exempt from ATR No
223115670 [redacted] [redacted]   XXXX     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Note document is not signed by Borrower.       Reviewer Comment (2025-04-01): Exception cleared. Received Note document and updated correctly.


Buyer Comment (2025-03-31): Note and Deed
 04/01/2025     1 D A D A D A D A D A   NY Investment Refinance - Cash-out - Other   D B C A D B A A N/A Exempt from ATR No
223115670 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal delivery report document is not provided [redacted] business days prior to Note date.       Reviewer Comment (2025-04-03): Client elects to waive.


Reviewer Comment (2025-04-01): Appraisal was delivered to borrower [redacted] which was not ([redacted]) business days prior to consummation ([redacted]). Exception remains.


Buyer Comment (2025-03-31): Appraisal sent
     04/03/2025 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   D B C A D B A A N/A Exempt from ATR No
223115702 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223115702 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223115716 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Business Bank Statement (#[redacted]) for the month of [redacted].       Reviewer Comment (2025-03-28): [redacted][redacted]Business Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]
 03/28/2025     1 C A C A C A C A C A   NY Primary Purchase   C A C A C A A A Non QM Non QM No
223115716 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Missing Business Bank Statement (#[redacted]) for the month of [redacted].       Reviewer Comment (2025-03-28): [redacted]vBusiness Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]
 03/28/2025     1 C A C A C A C A C A   NY Primary Purchase   C A C A C A A A Non QM Non QM No
223115716 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to Missing Business Bank Statement (#[redacted]) for the month of [redacted].       Reviewer Comment (2025-03-28): [redacted][redacted]Business Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]
 03/28/2025     1 B A C A B A C A B A   NY Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223115716 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] due to Missing Business Bank Statement (#[redacted]) for the month of [redacted].       Reviewer Comment (2025-03-28): [redacted][redacted]Business Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]uploaded
 03/28/2025     1 C A C A C A C A C A   NY Primary Purchase   C A C A C A A A Non QM Non QM No
223115716 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted] due to Attorney Review Fee. No COC in file.       Reviewer Comment (2025-04-02): [redacted]received corrected PCCD and LOE moving the non-lender required fee from section C to H.


Buyer Comment (2025-03-31): LOX, PCCD
 04/02/2025     1 C A C A C A C A C A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223115716 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   [redacted] due to Missing Business Bank Statement (#[redacted]) for the month of [redacted].       Reviewer Comment (2025-03-28): [redacted][redacted]Business Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]uploaded
 03/28/2025     1 C A C A C A C A C A   NY Primary Purchase   C A C A C A A A Non QM Non QM No
223115716 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. [redacted] due to Missing Business Bank Statement (#[redacted] ) for the month of [redacted] .       Reviewer Comment (2025-03-28): [redacted][redacted]Business Bank Statement received and updated .Exception cleared


Buyer Comment (2025-03-28): [redacted]uploaded
 03/28/2025     1 C A C A C A C A C A   NY Primary Purchase   C A C A C A A A Non QM Non QM No
223115732 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-04): [redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-02): PCCD Cure
   04/04/2025   2 C B C B C B C B C B   NV Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223115732 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2025-04-02): [redacted]received valid COC dated [redacted]


Buyer Comment (2025-03-31): COC
 04/02/2025     1 C A C A C A C A C A   NV Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223115849 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Homeowners Insurance coverage is insufficient by $[redacted]. Require verification of policy with sufficient coverage or copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2025-04-02): Received Replacement Cost Estimator in the file. Exception Cleared.


Buyer Comment (2025-04-01): RCE
 04/02/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223116699 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-03): Received final Title report. Verified and updated details. Exception Cleared.
 04/03/2025     1 A A A A A A A A A A   CA Investment Purchase   B A B A     A A   N/A No
223116699 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary title policy amount is missing.       Reviewer Comment (2025-04-03): Received final Title report. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-02): Commitment
 04/03/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A     A A   N/A No
223116795 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance The Flood Insurance Policy effective date is after the Note Date. Flood Insurance Policy Effective Date ___, Note Date ___ Effective Date [redacted] is active on disbursement date       Reviewer Comment (2025-04-01): Flood insurance effective date is same as the disbursement date of the loan. Exception cleared.


Buyer Comment (2025-03-31): For the flood policy condition  review the signed mortgage.  The loan closed[redacted]
 04/01/2025     1 C A C A C A C A C A   WA Primary Purchase   C B C A B B A A Non QM Non QM No
223116795 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on [redacted]/Final Closing Disclosure. Initial escrow account statement does not match charges on [redacted]/Final Closing Disclosure.       Reviewer Comment (2025-04-08): [redacted]received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2025-04-04): PCCD and LOX
   04/08/2025   2 B B B B B B B B B B   WA Primary Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 C B C A B B A A Non QM Non QM Yes
223116795 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. Issue was cured by [redacted].       Reviewer Comment (2025-04-08): [redacted]received Letter of Explanation & Corrected Closing Disclosure.
   04/08/2025   2   B   B   B   B   B   WA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C A B B A A Non QM Non QM Yes
223116795 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. Issue was cured by [redacted].       Reviewer Comment (2025-04-08): [redacted]received Letter of Explanation & Corrected Closing Disclosure.
   04/08/2025   2   B   B   B   B   B   WA Primary Purchase Provide the following: Letter of Explanation notifying borrower or error and Corrected CD C B C A B B A A Non QM Non QM Yes
223116799 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Additional [redacted]-month consecutive bank statement is required for [redacted] account number ending with [redacted].       Reviewer Comment (2025-04-07): Received updated information. Condition cleared.


Buyer Comment (2025-04-03): updated the principal acct balance and uploaded the revised [redacted]


Reviewer Comment (2025-04-02): Provided bank statement is from [redacted] to [redacted] and the bank statement which is already available in the file is from [redacted] to [redacted]. So, require [redacted]months consecutive bank statements. Exception remains.


Buyer Comment (2025-04-02): [redacted]
 04/07/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
223116799 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Additional [redacted]-month consecutive bank statement is required for Principal bank account number ending with [redacted]. Required reserves of [redacted] months PITIA and available reserve is for [redacted].       Reviewer Comment (2025-04-07): Received updated documentation. Condition cleared.
 04/07/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
223116816 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Verification of [redacted] Citizen document is missing       Reviewer Comment (2025-04-01): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-03-31): Please review internal document [redacted]
 04/01/2025     1 C A C A C A C A C A   CO Primary Purchase   C B C A B B A A Non QM Non QM No
223116816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Verification appraisal was delivered to borrower [redacted] days prior to closing was not provided.       Reviewer Comment (2025-04-01): Client elects to waive.
     04/01/2025 2 B B B B B B B B B B   CO Primary Purchase   C B C A B B A A Non QM Non QM No
223116816 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2025-04-02): Preliminary appraisal report sent on [redacted].


Buyer Comment (2025-03-31): Please also review internal document [redacted].


Buyer Comment (2025-03-31): Please see attached
 04/02/2025     1 B A B A B A B A B A   CO Primary Purchase   C B C A B B A A Non QM Non QM No
223116916 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2025-04-09): COGS was provided


Buyer Comment (2025-04-07): please waive/cancel condition as the COGS was provided in your package [redacted]and in the upper right corner the date it was paid [redacted] is sufficiently within the [redacted]days and It's good for [redacted]year, it's good thru [redacted], They only pay the fee [redacted]a year


Reviewer Comment (2025-04-03): Provided document does not have document date mentioned to calculate [redacted]days from Note date. Certificate of Good Standing from the applicable Secretary of State's office, dated within [redacted]days of the note date is required. Exception remains.


Buyer Comment (2025-04-02): COGS uploaded


Reviewer Comment (2025-04-01): Available document is not Certificate of Good Standing. Exception remains.


Buyer Comment (2025-03-31): see [redacted]already uploaded in your file. please cancel condition. thanks!
 04/09/2025     1 C A C A C A C A C A   KY Investment Refinance - Rate/Term   C B C B     A A   N/A No
223116916 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for our borrowers requesting a cash out refinance of an investment property utilizing [redacted] to qualify with a title seasoned for less than [redacted]. Section [redacted] requires a least [redacted] borrower must have been on title for [redacted] as of the loan's application date. Comment from LO: [redacted] Investor Cash Flow requires [redacted] seasoning. He purchase the property [redacted] for [redacted], completed renovations and now the property should be worth around [redacted]. Purchase was made with hard money loan not cash sale. Borrower wants to see if we can give waive [redacted] seasoning requirement now that the property has made renovations and added value. let me know if i have to set the file up differently , we haven't triggered due to trying to look at multiple options/routes. Lender exception was approved with conditions as follows [redacted] Max, [redacted] minimum [redacted], [redacted] Minimum [redacted], subject to the lesser of the sales price when purchase in [redacted] with documented improvement or the appraised value, Signature to updating the program to[redacted] [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.   SitusAMC Reviewer Comment (2025-03-27): preapproved exception
     03/27/2025 2 B B B B B B B B B B   KY Investment Refinance - Rate/Term   C B C B     A A   N/A No
223116921 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided.       Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A N/A Exempt from ATR Yes
223116921 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided.       Reviewer Comment (2025-03-26): Sufficient Cure Provided At Closing
   03/26/2025   1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A N/A Exempt from ATR Yes
223116927 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-02): Appraisal receipt provided.


Buyer Comment (2025-04-02): Please see [redacted]for appraisal delivery receipt.
 04/02/2025     1 B A B A B A B A B A   NJ Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
223116927 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2025-04-03): Signed Affiliated Business Arrangement Disclosure received, exception cleared.


Buyer Comment (2025-04-02): Signed Disclosure
 04/03/2025     1 B A B A B A B A B A   NJ Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
223117259 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) [redacted]: Acceptable [redacted] title insurance endorsements not obtained for home equity loan.  Although the loan file contains the [redacted], there is no evidence the Title Policy includes the [redacted]. (The loan is a [redacted]) The loan file contains the [redacted], there is no evidence the Title Policy includes the [redacted] [redacted].       Reviewer Comment (2025-04-01): Confirmation received from title.


Buyer Comment (2025-03-31): (B) CD & T-[redacted]


Buyer Comment (2025-03-31): Email from Title
 04/01/2025     1 B A B A B A B A B A   TX Primary Refinance - Cash-out - Other The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B A A C B A A Non QM Non QM No
223117259 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for [redacted].  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]Guaranty fee not disclosed on initial LE. No valid change in circumstance or cure for borrower provided.       Reviewer Comment (2025-04-04): [redacted]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2025-04-03): lox pccd shipping label & cure check
   04/04/2025   2 C B C B C B C B C B   TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223117275 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Tax certificate and insurance document for investment property not provided.       Reviewer Comment (2025-04-03): Tax certificate received. Exception cleared.


Buyer Comment (2025-04-03): Tax Bill


Reviewer Comment (2025-04-02): Exception remains. Received Letter of Explanation for No Insurance, still Tax Certificate is missing for REO property at [redacted]W Parkview Ln.


Buyer Comment (2025-04-02): LOX confirming no HOI
 04/03/2025     1 C A C A C A C A C A   AZ Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223117275 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] days prior to consummation. No evidence in file showing borrower received copy of appraisal.       Reviewer Comment (2025-04-03): Proof of appraisal delivery received, exception cleared.


Buyer Comment (2025-04-02): App Conf
 04/03/2025     1 B A B A B A B A B A   AZ Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223117275 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted] .  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-28): Sufficient Cure Provided At Closing
   03/28/2025   1 A A A A A A A A A A   AZ Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
223117295 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on[redacted]/Final Closing Disclosure.         Reviewer Comment (2025-04-03): Initial Escrow account disclosure & PCCD received. Exception Cleared.


Buyer Comment (2025-04-02): IEAD


Buyer Comment (2025-04-02): see uploaded lox & pccd
 04/03/2025     1 B A B A B A B A B A   CA Primary Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 B A A A B A A A Non QM Non QM Yes
223117296 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] days prior to consummation.         Reviewer Comment (2025-04-02): Appraisal receipt provided using esigned timestamp on top of appraisal.


Buyer Comment (2025-03-31): Please review the top of [redacted], borrower e-signature shows receipt on [redacted]. Please cancel this condition as the document was received.
 04/02/2025     1 B A B A B A B A B A   FL Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223117297 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Received gift letter for the amount of $[redacted] which states Fund will be wired directly to  title for closing. Provide the proof of payment made to title company.       Reviewer Comment (2025-04-04): Wire Confirmation received, Exception Cleared.


Buyer Comment (2025-04-03): Gift letter and Gift Wire
 04/04/2025     1 C A C A C A C A C A   MD Primary Purchase   C A C A C A A A Non QM Non QM No
223117297 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Risk. Received gift letter for the amount of $[redacted] which states Fund will be wired directly to  title for closing. Provide the proof of payment made to title company.       Reviewer Comment (2025-04-04): Wire Confirmation received, Exception Cleared.


Buyer Comment (2025-04-03): Gift letter and Gift Wire
 04/04/2025     1 B A C A B A C A B A   MD Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223117297 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Received gift letter for the amount of $[redacted] which states Fund will be wired directly to  title for closing. Provide the proof of payment made to title company.       Reviewer Comment (2025-04-04): Wire Confirmation received, Exception Cleared.


Buyer Comment (2025-04-03): Gift letter and Gift Wire
 04/04/2025     1 C A C A C A C A C A   MD Primary Purchase   C A C A C A A A Non QM Non QM No
223117297 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Received gift letter for the amount of $[redacted] which states Fund will be wired directly to  title for closing. Provide the proof of payment made to title company.       Reviewer Comment (2025-04-04): Wire Confirmation received, Exception Cleared.


Buyer Comment (2025-04-03): Gift letter and Gift Wire
 04/04/2025     1 C A C A C A C A C A   MD Primary Purchase   C A C A C A A A Non QM Non QM No
223117299 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]  and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title policy amount not provided in preliminary title policy.       Reviewer Comment (2025-04-02): Supplement report received with policy amount and updated . Exception cleared


Buyer Comment (2025-04-02): title supplement
 04/02/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223117299 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient by $[redacted]. Please provide hazard insurance with expended replacement cost or replacement cost estimator document.       Reviewer Comment (2025-04-02): Dwelling coverage amount and RCE amount covers loan amount which is sufficient . Exception cleared


Buyer Comment (2025-04-02): please see [redacted]page [redacted]-[redacted]
 04/02/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223117300 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request for borrower is a non-perm from [redacted], has eligible [redacted], has owned business since[redacted]-prior to that owned business in [redacted] but when he moved to [redacted] had to wait [redacted] to work start business LOE's provided, minimal usage of debt, residual income is[redacted], more than [redacted] months reserves in [redacted] -all CD's . Lender exception was approved with following condition [redacted] party verification of prior employment with [redacted] & self- employment with [redacted] [redacted] (dba [redacted]) Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-28): Preapproved exception
     03/28/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B A A A A Non QM Non QM No
223117301 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Finance Charge disclosed as[redacted]. vs calculated finance charge of [redacted]. Variance of [redacted].       Reviewer Comment (2025-04-16): [redacted]received corrected CD and fee name.


Buyer Comment (2025-04-14): PCCD correcting fee name


Reviewer Comment (2025-04-10): As previously noted, the fee name on the Final CD & the PCCD is disclosed as Title-Tax Service Fee for $[redacted].  Settlement statement disclosed as Title Service Fee and further email from title company clarified that the Title Service Fee of $[redacted]is it's Title Abstract Exam service fee.  As a Title-Tax Service fee is substantially different fee type than a Title-Abstract Exam fee, borrower should be provided with a Corrected CD and LOE to borrower correcting the fee name to match to title companies attestation of the fee name as Title-Abstract/Exam fee or at least to match the settlement statement as Title Service Fee.  Upon receipt, fee will then be tested as the Abstract exam fee.


Buyer Comment (2025-04-09): Complete email from title


Reviewer Comment (2025-04-07): [redacted]received lender rebuttal that the Title Service fee is the Title Abstract Exam service fee.  However, the Final CD and the PCCD have a different fee name as Title-Tax Service fee, which would differ from a Title Service fee or a Title-Abstract Exam service fee.  If the correct fee name is Title-Abstract/Exam, then a Corrected CD and LOE to borrower should be provided updating fee name.  However, if the fee is actually a Title-Tax Service fee, then it could be a finance charge. Please confirm tax certificate fee is for [redacted]time upfront tax determination and does not include life of loan services to determine if excludable from finance charges. While we acknowledge that a [redacted]-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [redacted](c)([redacted]), any portion of a charge for life of loan tax service is considered a finance charge.  Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [redacted]([redacted])(c)([redacted])-[redacted]which provides: For example, a fee for [redacted] or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge.


Buyer Comment (2025-04-04): Rebuttal and title memo
 04/16/2025     1 C A C A C A C A C A   MO Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
223117301 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed as [redacted]. vs actual calculated finance charge of [redacted]. Variance of [redacted].       Reviewer Comment (2025-04-16): [redacted]received corrected CD and fee name.
 04/16/2025     1 C A C A C A C A C A   MO Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
223117302 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Policy amount is missing.       Reviewer Comment (2025-04-02): Title preliminary already in file and showing insured at loan amount, Exception cleared.


Buyer Comment (2025-04-01): Please see [redacted]supplemental report showing loan policy amount at loan amount
 04/02/2025     1 B A B A B A B A B A   CA Investment Purchase   B B B A B B A A N/A Exempt from ATR No
223117302 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Copy of appraisal is required to be delivered to borrower within [redacted] business days prior to closing.       Reviewer Comment (2025-04-03): Client elects to waive.


Reviewer Comment (2025-04-03): Exception remains: Requirement not met, [redacted]business days prior to closing would be [redacted]. Appraisal delivery date is [redacted].


Buyer Comment (2025-04-01): Please see [redacted]and [redacted]as appraisal delivery receipts.
     04/03/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B A B B A A N/A Exempt from ATR No
223117304 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception is needed due to Section [redacted]: Unacceptable property type (Unique Property). Exception request for eligibility of subject property. The subject is a legally zoned [redacted] bd/[redacted] ba SFR with an ADU ([redacted] bd/[redacted] ba) located in an urban area with <[redacted] acre, and public utilities. The appraiser was unable to provide any comparables that are similar to or bracketing of the subject's bedroom count, meaning the subject is unique. The first appraisal was deemed flawed/deficient by ATR management, so a new appraisal was authorized (attached to submission). The initial appraiser advised that the subject is utilized as a short-term rental facility with most of the rooms and ADU being leased, while the second appraiser confirmed the subject is not a rooming/boarding home.  Exception Conditions Max [redacted] LTV , Min [redacted] [redacted] based on the lesser of actual rents received for the last [redacted] months or appraiser's opinion of market rents, Min [redacted]-year PPP, Appraiser to confirm no modifications made to the Subject property that would preclude its use or marketability as an SFR, Subject to meeting all other [redacted] guideline requirements, Borrower to provide a signed statement attesting that [redacted])no medical care will take place at the facility, and [redacted])acknowledging that they are subject to a post-closing inspection to verify no medical care is being administered at the facility and All other [redacted] Criteria to be met. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.


Buyer Comment (2025-04-01): Please see attached
     04/03/2025 2 C B C B C B C B C B   IL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223117775 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-01): Email confirmation received for appraisal delivery. Details verified and updated. Exception cleared.


Buyer Comment (2025-03-31): Email Confirmation
 04/01/2025     1 B A B A B A B A B A   NJ Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223117777 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was requested for loan closing in [redacted] where [redacted] member will not be on the loan even though his ownership was =/>[redacted] during the [redacted] months preceding the application date. [redacted] rate/term refi of [redacted] vested property fully buying out other member's [redacted] ownership interest. Subject borrower has had [redacted]ownership interest in the vested entity [redacted]/subject property since it was formed and subject property purchased in[redacted]. Purchase money mortgage that financed the purchase of the subject property is a [redacted] loan in the name of the [redacted] member that's being bought out. Lender exception was approved with the following conditions: [redacted] to be formally removed as a member of [redacted] through closing using the process and documents applicable to the [redacted], Final [redacted] must be > [redacted], Minimum [redacted] PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.   SitusAMC Reviewer Comment (2025-03-27): Preapproved exception
     03/27/2025 2 B B B B B B B B B B   NY Investment Refinance - Rate/Term   B B B B     A A   N/A No
223117850 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for additional investment properties. There are no lates on credit. Retirement account provided is the equivalent of [redacted] reserves. Funds to close are still pending. The appraisal confirms the property is rented on a short term basis, but the area is typically long term rentals. No analysis was completed as a short term rental. "This appraiser is neither confirming or disputing the subjects ability to be legally used for short term rentals per local zoning and code enforcement". Market rent ([redacted]) results in a [redacted] of [redacted]. Exception is requested to use the attached rent receipt summary in lieu of [redacted] or the market rents. ([redacted]*[redacted])/[redacted]=[redacted]/mo with a [redacted][redacted]. Additional exception to remain at [redacted]LTV using, short term rents to qualify. Lender exception was approved with following conditions: Max [redacted] minimum [redacted] [redacted], minimum [redacted] PPP, [redacted] income calculation to be used for calculation of [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		   SitusAMC

SitusAMC		 Reviewer Comment (2025-03-27): preapproved exception
     03/27/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
223127701 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request is needed due to Section [redacted] Rural Investment Property. The subject is a [redacted] bd/[redacted] ba SFR located in a rural with <[redacted] acre, public water, and septic sewer. The subject is zoned legal nonconforming , but the appraiser has confirm the subject can be rebuilt Lender exception was approved with the following conditions :[redacted]Max LTV, Minimum [redacted] [redacted], subject to new lease ( min [redacted]months) to show 1st month rent and security deposit received by borrower, must use the lease of the lease or market rent to calculate [redacted], subject to meeting all other Landlord History Waiver requirement, subject to a minimum [redacted] year PPP. Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%		 SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-31): Client elected to waive exceptions with compensating factors.


Reviewer Comment (2025-03-31): Client elected to waive exceptions with compensating factors. Final Exception Approval from [redacted].
     03/31/2025 2 B B B B B B B B B B   OR Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223127701 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request is needed due to Section [redacted] Rural Investment Property. The subject is a [redacted] bd/[redacted] ba SFR located in a rural with <[redacted] acre, public water, and septic sewer. The subject is zoned legal nonconforming , but the appraiser has confirm the subject can be rebuilt Lender exception was approved with the following conditions :[redacted] Max LTV, Minimum [redacted] [redacted], subject to new lease ( min [redacted]months) to show [redacted] rent and security deposit received by borrower, must use the lease of the lease or market rent to calculate [redacted], subject to meeting all other Landlord History Waiver requirement, subject to a minimum [redacted] year PPP. Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%		 SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-31): Client elected to waive exceptions with compensating factors.
     03/31/2025 2 B B B B B B B B B B   OR Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223127702 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing
   03/27/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
223127702 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request Condo/HOA are only contributing [redacted] to reserves. Lender exception was approved with following conditions Maximum [redacted] LTV, Maximum DTI [redacted] Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-03-31): Client elects to waive with comp factors.
     03/31/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B A A A A Non QM Non QM No
223127704 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted]business days of the Note. - Borrower VVOE provided is not within [redacted] business days of Note. VVOE date [redacted] while Note Date [redacted]       Reviewer Comment (2025-04-09): PC VVOE meets guides.


Buyer Comment (2025-04-08): Please see snip if [redacted] guidelines


Reviewer Comment (2025-04-07): VVOE is post dated please provide VOE within days from the note date, Exception remains.


Buyer Comment (2025-04-04): VOE
 04/09/2025     1 C A C A C A C A C A   NH Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223127710 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was approved at origination to use of business assets with [redacted] ownership. Per CPA Letter in file, borrower holds [redacted] ownership in the [redacted] assets are held under, seeking to utilize [redacted]across [redacted] transactions which represents [redacted]% of the documented assets ([redacted] are personal checking), with [redacted]months reserves on this transaction. Contract was originally drawn with the [redacted] as the purchaser, but this [redacted] was previously declined by [redacted] for vesting due to the complexity of ownership, contract has been amended for borrower to be the purchaser. The credit report currently in the file expired[redacted], loan team wants to determine if exception will be approved prior to repull and lock under [redacted] program; as of [redacted] borrower FICO was [redacted], borrower has [redacted] year credit and [redacted] years mortgage depth with no derogatory. Compensating factors are FICO of [redacted] is [redacted] points or more above requirement and reserves of [redacted] months are [redacted] + months more than requirement. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with compensating factors.


Buyer Comment (2025-04-02): email about approval
     04/04/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
223128010 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least  ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2025-04-01): Proof of appraisal delivery received and details updated. Exception cleared


Buyer Comment (2025-03-31): Appraisal delivery
 04/01/2025     1 B A B A B A B A B A   PA Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223128044 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - [redacted]-month consecutive bank statement is required.       Reviewer Comment (2025-04-07): Updated [redacted] received which doesn't reflect Bank statement account number ending with [redacted]-[redacted]and [redacted]-[redacted]. Usability considered [redacted]. Exception cleared.


Buyer Comment (2025-04-04): removed the assets


Reviewer Comment (2025-04-04): Condition remains: Bank statement covering a [redacted] month period is required.


Buyer Comment (2025-04-03): Please see D[redacted] pages [redacted]-[redacted]for this account
 04/07/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223128044 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ The Hazard Insurance Policy Effective Date is after the later of the note or transaction date.       Reviewer Comment (2025-04-18): Received verification from insurance company no claims filed. Condition cleared.


Buyer Comment (2025-04-16): [redacted]


Buyer Comment (2025-04-16): Email from Agent


Reviewer Comment (2025-04-08): Provided Letter of explanation is not acceptable. Require Hazard insurance policy effective start date prior to the note date. Exception remains


Buyer Comment (2025-04-08): Email from Agent
 04/18/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223128049 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of [redacted] in Title Commitment is less than the note amount of [redacted].       Reviewer Comment (2025-04-03): Confirmation received from title company with policy amount of [redacted]. Exception Cleared.


Buyer Comment (2025-04-02): Title confirmation
 04/03/2025     1 B A B A B A B A B A   SC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223128049 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Third party verification of business existence is not dated.       Reviewer Comment (2025-04-16): Received required documentation. Condition cleared.


Buyer Comment (2025-04-14): Please see attached


Reviewer Comment (2025-04-08): Provided business verification from Secretary of state is not dated. Unable to determine if this obtained within [redacted]days prior to the Note date. Exception remains.


Buyer Comment (2025-04-07): Business verification


Reviewer Comment (2025-04-03): The third party verification in [redacted] is not dated, therefore does not meet lender guides.


Buyer Comment (2025-04-01): Please see D[redacted] page [redacted]-[redacted]signed and dated
 04/16/2025     1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223128049 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted] ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to undated Third party verification.       Reviewer Comment (2025-04-16): Received required documentation. Condition cleared.
 04/16/2025     1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223128049 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to undated Third party verification.       Reviewer Comment (2025-04-16): Received required documentation. Condition cleared.
 04/16/2025     1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223128049 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2025-04-16): Received required documentation. Condition cleared.
 04/16/2025     1 B A C A B A C A B A   SC Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223128054 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The provided hazard insurance coverage amount is shortage of [redacted] required sufficient coverage document.       Reviewer Comment (2025-04-07): Extended replacement coverage updated as per policy. Exception cleared.


Buyer Comment (2025-04-07): Please review the policy it clearly states RCE coverage which indicated as included on EOI


Reviewer Comment (2025-04-04): Provided hazard insurance document not covering the loan amount. Required replacement cost estimator. Exception remains.


Buyer Comment (2025-04-03): Policy


Reviewer Comment (2025-04-01): Replacement Cost Estimator is required to clear this condition. - Exception Remains.


Buyer Comment (2025-04-01): Please see D[redacted] page [redacted]-[redacted]showing RCE coverage
 04/07/2025     1 C A C A C A C A C A   NC Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223128054 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Appraisal receipt was not provided to the borrower with in [redacted]business days to the note date for the secondary appraisal.       Reviewer Comment (2025-04-02): Proof of delivery received, exception cleared.


Buyer Comment (2025-04-01): CDA delivery
 04/02/2025     1 B A B A B A B A B A   NC Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223128058 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Guideline Issue:  non-occupant co-borrower. - (Require user to enter explanation) Co-borrower does not occupy subject however [redacted]and AUS reflect both borrowers as occupants.       Reviewer Comment (2025-04-03): Final [redacted] confirms [redacted]/[redacted] is not occupying the property. Exception Cleared.


Buyer Comment (2025-04-02): B2/B3 have indicated on both the Initial and Final [redacted] "NO" for occupying this property as primary address as they are cosigners only; File was manually underwritten and no AUS is on file. Please cancel this condition.
 04/03/2025     1 C A C A C A C A C A   OH Primary Purchase   C B C B B A A A Non QM Non QM No
223128058 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Guideline Issue:  non-occupant co-borrower. - (Require user to enter explanation) Co-borrower does not occupy subject however [redacted]and AUS reflect both borrowers as occupants.       Reviewer Comment (2025-04-03): Final [redacted] confirms [redacted]/[redacted] is not occupying the property. Exception Cleared.


Buyer Comment (2025-04-02): B2/B3 have indicated on both the Initial and Final [redacted] "NO" for occupying this property as primary address as they are cosigners only; File was manually underwritten and no AUS is on file. Please cancel this condition.
 04/03/2025     1 C A C A C A C A C A   OH Primary Purchase   C B C B B A A A Non QM Non QM No
223128058 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided Timely) [redacted] Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure at Closing. Right Not to Close Disclosure is not provided within [redacted] business days of closing.       Reviewer Comment (2025-04-08): Signed and dated disclosure provided.


Buyer Comment (2025-04-04): [redacted] disclosure


Reviewer Comment (2025-04-04): Condition remains: Provide executed Right Not to Close Disclosure for our review.


Buyer Comment (2025-04-03): Please see [redacted] disclosure
 04/08/2025     1 B A B A B A B A B A   OH Primary Purchase   C B C B B A A A Non QM Non QM No
223128058 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   lender exception request Rep FICO is >[redacted] required. By using Income in [redacted]stubs instead of [redacted] [redacted]-[redacted], DTIA is at [redacted] which is still below the max of [redacted] . Verified asset, which are personal funds, are enough to cover funds to close and [redacted]+ [redacted]of reserves when only [redacted] months are required. Mortgage on [redacted] and [redacted]'s primary residence has rating of [redacted]. Timely payments on all tradelines with minimal credit utilization. No disputed not derogatory account. Lender exception was COUNTEROFFER with the followings Income from [redacted] to be calculated using a [redacted]month average of the net income (after expense) from [redacted] Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-03-31): Preapproved exception
     03/31/2025 2 B B B B B B B B B B   OH Primary Purchase   C B C B B A A A Non QM Non QM No
223128067 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted]([redacted]) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Loan Estimate not delivered to borrower within [redacted]([redacted]) business days of application.       Reviewer Comment (2025-04-04): [redacted] received e-consent .


Buyer Comment (2025-04-03): Econsent date [redacted]/[redacted]
 04/04/2025     1 C A C A C A C A C A   OH Primary Purchase   C A A A C A A A Non QM Non QM No
223128067 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] [redacted]Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Survey Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-04): [redacted] received attestation stating survey was ordered by title.


Buyer Comment (2025-04-03): Title Attestation
 04/04/2025     1 C A C A C A C A C A   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223128069 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requesting due to borrower does not not own his primary residence and does not have [redacted] months landlord history. Borrower is not [redacted] as he recently purchase another investment property( [redacted]), Per letter in file, borrower live at son's home and borrower wants to start investment properties portfolio Borrower has good credit score. Borrower is receiving a gift but dies have [redacted] of his funds + Reserves. Lender exception was approved with following conditions: Max [redacted] LTV, Minimum [redacted] [redacted], minimum [redacted] of borrowers own funds + reserves- gift funds may not be used for reserves, [redacted] on all applicable mortgage , Borrower to provide signed & dated letter of explanation regarding mailing address on purchase  contract does not match with URLA application , Borrower to execute affidavit acknowledging borrower is subject to a post-closing occupancy inspection to verify the subject is tenant and not owner occupied . the residential unit may not be occupied by the applicant , titleholder or any family member Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-03-31): Client elected to waive exceptions with compensating factors.
     03/31/2025 2 B B B B B B B B B B   PA Investment Purchase   B B B B     A A   N/A No
223128321 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for use of business assets with [redacted] ownership is approved. Per CPA letter in file, borrower holds [redacted] ownership in the [redacted] assets are held under, seeking to utilize [redacted] across [redacted] transactions which represents [redacted] of the documented assets ([redacted] are personal checking) with [redacted] reserves. Contract was originally drawn with the [redacted] as the purchaser, but this [redacted] was previously declined by [redacted] for Vesting due to the complexity of ownership, contract has been amended for borrower to be the purchaser. The credit report currently in the file expired [redacted], loan team wants to determine if exception will be approved prior to re-pull and lock under [redacted] program; as of [redacted] borrower FICO was [redacted], borrower has [redacted] credit and [redacted] mortgage depth.

**Exception cannot be waived as the file is missing the joint access letter from all business owners authorizing the full use of the funds in the business account as required by the exception approval		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Borrower's qualifying FICO score of [redacted] exceeds the guideline minimum of [redacted ]by [redacted] points.

Verified reserves of [redacted] months exceed the [redacted] guideline minimum reserves of [redacted] months.		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-02): Client elects to waive with comp factors.


Buyer Comment (2025-04-02): Exception form
     04/02/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
223128321 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Explanation Letter not provided   Loan was approved with an exception to allow full access to the funds in the business account when the borrower's ownership is [redacted]. File is missing the joint access letter from all business owners authorizing the full use of the funds in the business account. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Borrower's qualifying FICO score of [redacted] exceeds the guideline minimum of [redacted ]by [redacted] points.

Verified reserves of [redacted] months exceed the [redacted] guideline minimum reserves of [redacted] months.		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-02): Client elects to waive with comp factors.
     04/02/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
223128483 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-04): Final Title Policy received, exception cleared.
 04/04/2025     1 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
223128483 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   Reflecting Judgment on [redacted] or [redacted]       Reviewer Comment (2025-04-04): Final Title Policy received, no active judgments, exception cleared.


Buyer Comment (2025-04-03): Please see attached
 04/04/2025     1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
223128483 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) [redacted] Constitution Section [redacted](a)([redacted]): Acceptable [redacted] title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the [redacted] T-[redacted] endorsement or the T-[redacted] endorsement. (The loan is a [redacted] Section [redacted] (a)([redacted]) home equity loan.)         Reviewer Comment (2025-04-04): Final Title Policy received with endorsement covered, exception cleared.


Buyer Comment (2025-04-03): Please see attached, endorsement present
 04/04/2025     1 B A B A B A B A B A   TX Primary Refinance - Cash-out - Other The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B C A C B A A Non QM Non QM No
223128483 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Fannie Mae forms not used for closing of home equity loan) [redacted] Constitution Section [redacted](a)([redacted]): [redacted] forms not used for closing of home equity loan.         Reviewer Comment (2025-04-03): Client elects to waive.
     04/03/2025 2 B B B B B B B B B B   TX Primary Refinance - Cash-out - Other The failure to use FNMA Documents does not present a clear remediation path. C B C A C B A A Non QM Non QM No
223128483 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) [redacted] Constitution Section [redacted] (a)([redacted]): Final itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted] ([redacted]) business day prior to closing without a waiver.         Reviewer Comment (2025-04-04): Final CD and acknowledgment document already in the file, exception cleared.


Buyer Comment (2025-04-03): Please see internal document D[redacted] sighed [redacted]/[redacted] well before the fund date of [redacted]/[redacted]. Please cancel this condition.
 04/04/2025     1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2025-04-04): Appraisal was e-signed confirming receipt of appraisal report, Exception Cleared.


Buyer Comment (2025-04-03): Please see D[redacted] pg [redacted]as borrower signed copy of appraisal showing proof of receipt.
 04/04/2025     1 B A B A B A B A B A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-04): Appraisal was e-signed confirming receipt of appraisal report, Exception Cleared.


Buyer Comment (2025-04-03): Please see D[redacted] pg [redacted]as borrower signed copy of appraisal showing proof of receipt.
 04/04/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2025-04-07): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-04-04): Proof of Receipt
 04/07/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other No Defined Cure C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted] or Final Disclosure [redacted] of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2025-04-04): Appraisal was e-signed confirming receipt of appraisal report, Exception Cleared.
 04/04/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   [redacted] months Business Bank Statements are missing for [redacted] accounts [redacted] and [redacted], both accounts were used as qualifying income and [redacted] month statements is required for each account.       Reviewer Comment (2025-04-08): Received [redacted]months bank statements, [redacted]used till [redacted], [redacted]used from [redacted] to [redacted].


Buyer Comment (2025-04-07): Please see account statements uploaded today.
 04/08/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of [redacted] Citizen Status not provided   Borrower is [redacted]. [redacted] or [redacted] or Verification of [redacted]  Status document are not available in file for borrower. However, per lender guides for ITIN/DACA applicants, file must contain an unexpired photo ID. This is missing from the file.       Reviewer Comment (2025-04-15): Passport document provided and associated. Exception cleared


Buyer Comment (2025-04-15): Passport


Reviewer Comment (2025-04-09): Required ITIN document is missing, exception remains.


Buyer Comment (2025-04-07): That is part of the exception. Borrower does not have a visa


Reviewer Comment (2025-04-07): Exception remains. Received Driving License. Still Visa or Passport or Verification of Non-US Citizen Status document are missing in file.


Buyer Comment (2025-04-04): DL
 04/15/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Requested for ITIN borrower that does not have a [redacted]. Borrower has decided to retain current residence as primary residence and take out money to fix up property would like to see if can get exception for [redacted] or MAX allowed for [redacted] Refinance. Borrower requesting cash out to use funds to purchase a new primary residence Has multiple tradelines with excellent payment history does not meet the [redacted]  history. [redacted] acct rating for [redacted] , [redacted] accounts rating for [redacted], Current mortgage rating for [redacted]  [redacted] acct rating for [redacted]  No lates all accounts are paid as agreed. Borrower does not have a [redacted] he does have a Social Security card issued for work authorization in [redacted]. Borrower has been in current residence since [redacted]. Borrower has low DTI Pending verification of assets for reserves. Unable to downgrade and waive due to missing lenders requirement for evidence of the termination of the purchase of investment property. Comp factor provided by lender is Homeownership. This is not an downgradable comp factor. Comp factors available are reserves, DTI and length of employment. Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-09): Client elects to waive with comp factors.


Buyer Comment (2025-04-07): exception
     04/09/2025 2 C B C B C B C B C B   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. [redacted] months Business Bank Statements are missing for [redacted] accounts [redacted] and [redacted], both accounts were used as qualifying income and [redacted] month statements is required for each account, causing loan to waterfall through QM testing, resulting in a Loan Designation discrepancy.       Reviewer Comment (2025-04-08): Received [redacted]months bank statements, [redacted] used till [redacted], [redacted]used from [redacted] to [redacted].


Buyer Comment (2025-04-07): bk stmnts
 04/08/2025     1 B A C A B A C A B A   NV Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] months Business Bank Statements are missing for [redacted] accounts [redacted] and [redacted], both accounts were used as qualifying income and [redacted] month statements is required for each account, causing an ATR failure.       Reviewer Comment (2025-04-08): Received [redacted] months bank statements, [redacted]used till [redacted], [redacted]used from [redacted] to [redacted].


Buyer Comment (2025-04-07): Please see statements uploaded today
 04/08/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Requested for not meeting tradeline requirement. Borrower has decided to retain current residence as primary residence and take out money to fix up property would like to see if can get exception for [redacted] or MAX allowed for [redacted] Refinance. Borrower requesting cash out to use funds to purchase a new primary residence Has multiple tradelines with excellent payment history does not meet the [redacted] history. [redacted] acct rating for [redacted] , [redacted] accounts rating for [redacted] , Current mortgage rating for [redacted]  [redacted] acct rating for [redacted]  No lates all accounts are paid as agreed. Borrower does not have a [redacted] he does have a Social Security card issued for work authorization in [redacted]. Borrower has been in current residence since [redacted]. Borrower has low DTI Pending verification of assets for reserves. Unable to downgrade and waive due to missing lenders requirement for evidence of the termination of the purchase of investment property. Comp factor provided by lender is Homeownership. This is not an downgradable comp factor. Comp factors available are reserves, DTI and length of employment. Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-09): Client elects to waive with comp factors.


Buyer Comment (2025-04-07): Please see documentation uploaded today.
     04/09/2025 2 C B C B C B C B C B   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. [redacted] months Business Bank Statements are missing for [redacted] accounts [redacted] and [redacted], both accounts were used as qualifying income and [redacted] month statements is required for each account, causing loan to waterfall through QM testing.       Reviewer Comment (2025-04-08): Received [redacted]months bank statements, [redacted] used till [redacted], [redacted]used from[redacted] to [redacted].


Buyer Comment (2025-04-07): Please see statements uploaded today.
 04/08/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Please provide documentation verifying purchase investment property was terminated per lender approval.       Reviewer Comment (2025-04-09): Application withdrawn documentation received, Exception cleared.


Buyer Comment (2025-04-07): cancellation
 04/09/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223128484 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Credit report was increased without valid COC.       Reviewer Comment (2025-04-16): [redacted] Received Supporting documents for round off amount on LE.


Buyer Comment (2025-04-15): Please see attached itemization of [redacted] disclosure.


Reviewer Comment (2025-04-10): [redacted] received rebuttal, however we require proof of round off amount on LE to re-evaluate the exception.


Buyer Comment (2025-04-09): Please review, cure is correct.  LE rounds figures, cure amount per regulation is to be calculated from actual variance not rounded figures.  Please cure as provided.


Reviewer Comment (2025-04-08): [redacted] received cure documents for [redacted] and cure required is [redacted]. Please provide additional cure of [redacted] with cure documents which consist of PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2025-04-07): PCCD Cure
 04/16/2025     1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
223128487 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing not provided.       Reviewer Comment (2025-04-04): Received Certificate of Good Standing of borrowing business entity dated [redacted]. Exception cleared.


Buyer Comment (2025-04-03): Cert of Good Standing
 04/04/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223128487 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for cash-out refi with less than [redacted] months seasoning is approved. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.   SitusAMC Reviewer Comment (2025-03-31): Preapproved exception
     03/31/2025 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223128487 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to use appraised value of [redacted] (property was last transferred on [redacted] for [redacted]) is approved. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.   SitusAMC Reviewer Comment (2025-03-31): Preapproved exception
     03/31/2025 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223128600 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing. The Initial Loan Estimate provided on [redacted] was not received by the borrower at least [redacted] business days prior to closing date of [redacted].       Reviewer Comment (2025-04-17): [redacted] received proof of earlier electronic receipt of sequence #[redacted] [redacted]-[redacted]-[redacted] LE


Reviewer Comment (2025-04-11): [redacted] received screen prints of LE sent date and received date.  However, unable to distinguish between the [redacted] different [redacted] LE's to match up specifically to the [redacted]st [redacted]-[redacted]LE issued at[redacted] PST per the bottom date/time stamp on the LE.  We were able to match up the [redacted]nd issued [redacted]-[redacted]-[redacted] LE that was issued [redacted]PST with the OneSpan Sign Eolectronic Evidence Summary (Doc ID [redacted]) which matched to the time issued with the date/time stamp.  Please provide more detailed disclosure evidence that matches the [redacted]-[redacted] LE issued [redacted] PST to a receipt date.


Buyer Comment (2025-04-10): Please see attached


Buyer Comment (2025-04-10): Please see attached, LE was disclosed.


Reviewer Comment (2025-04-09): This LE was created at [redacted] PST.  Please provide proof of receipt for this specific LE.


Buyer Comment (2025-04-08): Please see attached


Reviewer Comment (2025-04-04): Please provide documentation of receipt for both [redacted] LEs.


Buyer Comment (2025-04-03): Please see attached, LE sent to borrower [redacted]
 04/17/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
223128600 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. The Initial Loan Estimate provided on [redacted] was not received by the borrower at least [redacted] business days prior to closing date of [redacted].       Reviewer Comment (2025-04-09): [redacted] received proof of receipt.


Buyer Comment (2025-04-08): Please see attached


Reviewer Comment (2025-04-04): Please provide documentation of receipt for both [redacted] LEs.
 04/09/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
223128600 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.         Reviewer Comment (2025-04-10): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-04-08): Please see attached and refer to internal document D[redacted] confirming receipt of [redacted] appraisal.


Reviewer Comment (2025-04-07): The confirmation of receipt is dated [redacted] which is less than [redacted] business days prior to consummation on [redacted]. Exception remains.


Buyer Comment (2025-04-03): Please refer to internal document D[redacted], borrower stating they received all appraisals to date. Also refer to internal document D[redacted] confirming receipt of the CDA dated [redacted]. All valuations received [redacted] days or more prior to close, please cancel this condition.
 04/10/2025     1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C A A A C A A A Non QM Non QM No
223129945 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]           Reviewer Comment (2025-04-17): Received CDA. Exception Cleared.


Buyer Comment (2025-04-16): Corrected CDA


Reviewer Comment (2025-04-08): Exception remains. Provided CDA is not for subject property, required CDA for [redacted]South Camano Drive.


Buyer Comment (2025-04-07): CDA
 04/17/2025     1 D A D A D A D A D A   WA Investment Refinance - Rate/Term   D A A A     D A   N/A No
223130266 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage amount is [redacted] but loan amount is [redacted] due to which there is a shortfall of [redacted].       Reviewer Comment (2025-04-08): Lender sent checklist, associated as RCE.


Buyer Comment (2025-04-04): This is a FL property RCE please refer to Florida Statute [redacted]


Reviewer Comment (2025-04-03): Replacement cost estimator not received. Exception Remains.


Buyer Comment (2025-04-02): checklist
 04/08/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223130268 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Missing HO-[redacted] policy, blanket hazard insurance policy provided does not contain unit interior coverage.   File is missing the HO-[redacted] policy. Subject unit is located in a condo project and the master condo policy does not verify Walls-In coverage.       Reviewer Comment (2025-04-07): Received HO-[redacted] policy. Verified the address as per legal description. Exception Cleared.


Buyer Comment (2025-04-04): Please clear condition, per Legal description, building number is [redacted], unit [redacted]. Address is accurate as is.


Reviewer Comment (2025-04-04): Provided HO-[redacted] policy has Apt [redacted]-[redacted] and per Note, Apt is [redacted]. Provide policy with correct complete subject property address. Exception remains.


Buyer Comment (2025-04-03): Insurance
 04/07/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223130268 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of [redacted] Citizen Status not provided   Individual borrower is a [redacted] and file is missing the borrower's unexpired [redacted].       Reviewer Comment (2025-04-04): Provided copy of VISA. Exception cleared.


Buyer Comment (2025-04-03): Borrower ID docs
 04/04/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223130268 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: [redacted] Rent Comparison Schedule not provided   File is missing the [redacted] Rent Comparison Schedule to verify the market rent used for [redacted] qualification. Upon receipt of the missing [redacted], additional conditions may apply.       Reviewer Comment (2025-04-04): Received 1007 Comparison rent schedule. Exception cleared.


Buyer Comment (2025-04-03): 1007
 04/04/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223130268 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Lender requested an exception to allow [redacted] use of the [redacted] business account balance. [redacted] borrower is [redacted] owner of the [redacted], mother is [redacted] owner and father is [redacted] owner. Borrower does not have the required [redacted] ownership to use the [redacted] account. Compensating factors: LTV [redacted] below max, [redacted] is [redacted] pending HO[redacted] and [redacted].

Note: exception cannot be waived as the file is missing the joint access letter from the other business owners for [redacted] use of all business account funds as required by the exception approval.		       Reviewer Comment (2025-04-04): Letter of explanation provided. Exception cleared.


Buyer Comment (2025-04-03): Joint Access Letter
 04/04/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223132062 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Require insured value to be atleast cover loan amount, currently it is short from $[redacted]       Reviewer Comment (2025-04-04): Updated information provided. Coverage covers at least [redacted]of the estimated cost new. Condition cleared.


Reviewer Comment (2025-04-04): The issue is the coverage of [redacted] is insufficient to cover the RCE of [redacted] or loan amount of [redacted].


Buyer Comment (2025-04-02): Please clarify how there is a shortfall in coverage as the Cost of New [redacted] (per appraisal) x [redacted] = [redacted]; Current Dwelling coverage is [redacted] before the additional [redacted] coverage on top of that.


Reviewer Comment (2025-04-02): Condition remains: Coverage is short by [redacted], below is the calculation.

Estimated cost : [redacted] (Appraisal)
Dwelling coverage: [redacted] + [redacted] [redacted] = [redacted]
[redacted] - [redacted] = [redacted] (Shortfall)


Buyer Comment (2025-04-01): Please see D[redacted] page [redacted]showing replacement cost included please clear
 04/04/2025     1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223132062 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. File is missing the [redacted] Rate Lock as required by the client's guidance.       Reviewer Comment (2025-04-02): Rate Lock received, exception cleared.


Buyer Comment (2025-04-01): Rate lock
 04/02/2025     1 B A B A B A B A B A   UT Primary Refinance - Cash-out - Other   C A C A B A A A Non QM Non QM No
223132144 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception is present in file :

Borrowers recently moved back to the [redacted] from [redacted] (about [redacted] months ago). Both were working in [redacted] and transferred to the [redacted].  [redacted] is a [redacted] citizen and [redacted] (wife) is a perm resident now. [redacted] has never filed [redacted] taxes.  [redacted] is the primary income earner, so using [redacted] as qualifying FICO. We have WVOE's from the employers in the file, but only have since they transferred to the [redacted] documented. (branch is working on prior ones from [redacted]). Borrowers are getting a [redacted] gift for closing that was already deposited to them. Per guidelines they need [redacted] mo reserves for the loan amount and additional [redacted] mo in place of a VOR on the no-FICO guidelines. Branch is asking to use vested RSU shares as reserves (they want to try and use use the [redacted] moving day stock price X the # of shares for our reserves). Since being in the [redacted] only about [redacted] mo [redacted] only has [redacted] alt tradelines with [redacted] months history on each. Borrowers will have approx. [redacted] K residual income.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   NJ Primary Purchase   C B B B C A A A Non QM Non QM No
223132144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Revised LE provided on [redacted] not received by borrower within [redacted] business days prior to closing.       Reviewer Comment (2025-04-04): [redacted] received proof of receipt.


Buyer Comment (2025-04-03): RLE
 04/04/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C B B B C A A A Non QM Non QM No
223132144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Review Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-04-08): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception."


Buyer Comment (2025-04-07): PCCD


Buyer Comment (2025-04-07): See bottom of page [redacted] of CD for [redacted] lender credit for this
 04/08/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223132144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Survey Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-04-10): [redacted] received corrected PCCD and LOE


Buyer Comment (2025-04-09): attestation


Reviewer Comment (2025-04-08): [redacted] received PCCD and LOE, however we also require attestation confirming lender did not required the survey.


Buyer Comment (2025-04-07): PCCD
 04/10/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223132144 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for [redacted] only has [redacted] alternative tradelines and each only has [redacted] months history. No Fico guidelines require [redacted] and [redacted] month history Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   NJ Primary Purchase   C B B B C A A A Non QM Non QM No
223132144 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   [redacted] does not have [redacted] or [redacted] tax returns/transcripts, exception to use WVOE and [redacted] version of [redacted]. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   NJ Primary Purchase   C B B B C A A A Non QM Non QM No
223132144 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing.       Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing
   04/10/2025   1   A   A   A   A   A   NJ Primary Purchase Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223132213 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception  requested for Non warrantable Condo due to insufficient HOI.  HOI coverage is [redacted] which is sufficient to cover entirety in event of total loss. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Residual income of $[redacted] exceeds $[redacted].		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Lender approved exception with compensating factors.
     04/01/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223132213 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested for borrower utilizing IRA distributions in the monthly amount of [redacted] from [redacted] from [redacted] and [redacted] from [redacted].  Borrower was originally taking out distributions for higher amounts, but re-adjusted them to be lower to meet continuance.  After receipt was provided for both IRA Distribution, borrower was left with a little over [redacted] month short for each account for continuance due to the original higher amount needed to be reduced from the borrower's balance.  Borrower has continuance of [redacted] for [redacted] and [redacted] months continuance for [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has verified disposable income of at least $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Residual income of $[redacted] exceeds $[redacted].		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Lender approved exception with compensating factors.
     04/01/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223132276 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request - PSA reflects a mandatory golf membership purchase. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Miscellaneous		 Lender Exception with Compensating Factors.

[redacted] FICO		 SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC

Originator		 Reviewer Comment (2025-04-01): Lender Exception with Compensating Factors.
     04/01/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
223132277 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   FTHB with no credit score is requesting to purchase a primary residence utilizing full documentation to qualify with the assistance of non-occupant co-borrowers at [redacted] LTV, [redacted] HIT. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   MT Primary Purchase   B B B B A A A A Non QM Non QM No
223132277 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Unable to document [redacted]-month rental payment history or non-traditional tradelines. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   MT Primary Purchase   B B B B A A A A Non QM Non QM No
223132278 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for borrower is utilizing IRA distributions for [redacted] in the amount of [redacted]/month. Borrower is short continuance by [redacted] months (Balance as of [redacted]=[redacted]*[redacted]=[redacted] [redacted]yr. continuance is [redacted] - [redacted]=[redacted]/[redacted]=[redacted] months). Compensating factors: residual income = [redacted]/month; borrower has lived at their current residence for the last [redacted] yrs and owns it; no mortgage lates on credit. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-02): Client elects to waive with compensating factors.
     04/02/2025 2 B B B B B B B B B B   TX Investment Purchase   B B B B A A A A N/A Non QM No
223132279 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Revised Loan Estimate dated [redacted] is missing evidence of receipt.       Reviewer Comment (2025-04-03): [redacted] received proof of receipt.


Buyer Comment (2025-04-01): LE disclosure tracking
 04/03/2025     1 C A C A C A C A C A   OH Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223132280 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing VVOE for the previous employment at [redacted] to verify [redacted] years of employment.       Reviewer Comment (2025-04-07): Co-borrower Previous employment "[redacted]" W-2 available in file. Information validated. Exception Cleared.


Buyer Comment (2025-04-04): Not required for this file. Per the DU we provided a current paystub and W2s for the last year and the final VVOE for current employer. Previous employer listed on [redacted]. This is all that's required.
 04/07/2025     1 C A C A C A C A C A   NC Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223132280 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-04): Client elects to waive.


Reviewer Comment (2025-04-03): Receipt provided was used for primary appraisal. Please provide receipt for AVM.


Buyer Comment (2025-04-03): Appraisal sent
     04/04/2025 2 B B B B B B B B B B   NC Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223132414 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit report fee amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-03-28): Sufficient Cure Provided At Closing
   03/28/2025   1 A A A A A A A A A A   AZ Primary Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
223132414 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to allow bank statement program with only [redacted]months self-employment is approved. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Reserves: [redacted]
Guideline Requirement: [redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Client elects to waive with comp factors.
     04/01/2025 2 B B B B B B B B B B   AZ Primary Purchase   C B C B A A A A Non QM Non QM No
223132414 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   The CPA letter provided does not state that the use of the business funds from the[redacted] #[redacted]will not have a material adverse impact on the business' operations.       Reviewer Comment (2025-04-08): Cash-flow analysis was provided, exception cleared.


Buyer Comment (2025-04-07): upld lox rebuttal & cash flow anaylsis
 04/08/2025     1 C A C A C A C A C A   AZ Primary Purchase   C B C B A A A A Non QM Non QM No
223132414 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request provided for [redacted]%LTV - self employed [redacted]months. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Reserves: [redacted]
Guideline Requirement: [redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-08): Client elected to waive exceptions with compensating factors.


Buyer Comment (2025-04-04): other credit exception condition was waived --is this condition going to be waived? no information requested. looks informational.
     04/08/2025 2 C B C B C B C B C B   AZ Primary Purchase   C B C B A A A A Non QM Non QM No
223132429 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   File is missing verification of mortgage (VOM)       Reviewer Comment (2025-04-07): HELOC Agreement confirming the housing history and associated the same. Exception cleared.


Buyer Comment (2025-04-04): HELOC stmts attached
 04/07/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223132429 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing CPA letter.       Reviewer Comment (2025-04-08): Operating agreement confirms borrower's ownership in business. Exception Cleared.


Buyer Comment (2025-04-04): Method [redacted] (Uniform Expense Ratio) was used.
 04/08/2025     1 B A C A B A C A B A   TX Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223132429 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current employment status using reasonably reliable third-party records. Missing CPA letter.       Reviewer Comment (2025-04-08): Operating agreement confirms borrower's ownership in business. Exception Cleared.


Buyer Comment (2025-04-04): Please see D[redacted] as current franchise tax account status dated closing date
 04/08/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223132429 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Missing CPA letter.       Reviewer Comment (2025-04-08): Operating agreement confirms borrower's ownership in business. Exception Cleared.
 04/08/2025     1 A A A A A A A A A A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223132437 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-04-09): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception."


Buyer Comment (2025-04-08): Please waive. LC listed on final CD.
 04/09/2025     1 C A C A C A C A C A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
223132437 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided: Our ITIN borrowers are requesting to purchase a primary residence utilizing full documentation to qualify while not being able to meet the requirements for Applicants with Insufficient Tradelines. Section [redacted] requires a housing history tradeline or [redacted]alternative tradelines and does not provide an option for no tradelines. ***Comments from the LO: Borrowers longest trade line is [redacted]year and [redacted]months. They have [redacted]tradelines with the same length. I have uploaded [redacted]months of a nontraditional tradeline to supplement the however he does not have an additional nontraditional line we may document, and he currently lives rent free so we cannot document [redacted] Product Suite-Exception Request Form Page [redacted] of [redacted]July [redacted]rent payment either. Borrowers have sufficient assets, enough for closing and reserves. They have sufficient employment history. They are eager to get under contract now and hoping to not wait another [redacted]months for the credit seasoning to be completed. Lender exception was approved with following conditions: Max [redacted]% LTV, document minimum [redacted]months reserves, subject to ITIN [redacted] hit per rate sheet, Borrower to provide signed rent free letter Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive exceptions with compensating factors.
     04/01/2025 2 B B B B B B B B B B   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223132437 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]
 Error: Citizenship Source Documentation  was not provided		 - Borrower is [redacted]. Source Documentation was not provided.       Reviewer Comment (2025-04-11): CPA letter within ITIN document received .Exception cleared


Buyer Comment (2025-04-10): see D[redacted] pg [redacted]---CPA letter in the file that confirms the numbers and confirms they are valid and active


Reviewer Comment (2025-04-08): Per lender guide "The ITIN must have been assigned to the Applicant prior to the loan's application date and must be unexpired as of the loan's note date." The ITIN documentation provided is from [redacted]for both borrowers. Updated ITIN document would be required.


Buyer Comment (2025-04-04): please waive--see D[redacted] and D[redacted]
 04/11/2025     1 B A B A B A B A B A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223132437 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - Missing electronic consent.       Reviewer Comment (2025-04-07): Exception Cleared; E-sign Consent Agreement document is received.


Buyer Comment (2025-04-04): econsent
 04/07/2025     1 C A C A C A C A C A   NY Primary Purchase   C B C B C A A A Non QM Non QM No
223132437 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-09): [redacted] received corrected PCCD and LOE


Buyer Comment (2025-04-08): LOX PCCD
 04/09/2025     1 C A C A C A C A C A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
223132437 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]
 Percent Tolerance Violation With Sufficient Cure Provided At Closing		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing       Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1   A   A   A   A   A   NY Primary Purchase Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
223132439 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing HOA Verification       Reviewer Comment (2025-04-07): Exception Cleared, HOA verification document for REO Property [redacted] is received.


Buyer Comment (2025-04-04): HOA  pg [redacted] - [redacted] please cancel
 04/07/2025     1 C A C A C A C A C A   AZ Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223132439 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing HOA verification for property # [redacted].       Reviewer Comment (2025-04-07): Exception Cleared, HOA verification document for REO Property [redacted] is received.


Buyer Comment (2025-04-04): HOA  pg [redacted] please cancel
 04/07/2025     1 C A C A C A C A C A   AZ Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223132439 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No documentation in the file to evidence borrower was provided with a copy of valuation [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-03): Appraisal receipt provided.


Buyer Comment (2025-04-03): Del Conf
 04/03/2025     1 B A B A B A B A B A   AZ Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223132441 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to "Exception is needed due to Section [redacted]: Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [redacted]bd/[redacted]be SFR located in a rural area with [redacted]acres, well water, and septic sewer. The appraiser has provided several comparable that are similar to and/or bracketing of the subject's site size. Lender exception was approved with the following conditions: Max [redacted]% LTV< Appraiser to comment on-No commercial activities were present, confirm that ADU is legal per city/county ordinances, Min [redacted]years PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Client elects to waive with comp factors.
     04/01/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
223132442 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation HOA Error: Subject is located in a project and HOA Information was not provided. -         Reviewer Comment (2025-04-08): Client states: the appraisal notates that there are [redacted] dues required as this is a [redacted] owner COA, and the absence of dues is common. Ok to clear.


Reviewer Comment (2025-04-07): Please provide document for HOA of subject property, Exception remains.


Buyer Comment (2025-04-04): Please refer to page [redacted] and [redacted] of the appraisal. There are no dues as it is typical of [redacted] on a lot [redacted] unit to forfeit [redacted] dues and often common expenses are shared by the [redacted] .


Reviewer Comment (2025-04-04): Property is part of condominium but no information for association/ Monthly [redacted] fees provided. Exception remains.


Buyer Comment (2025-04-03): Please specify which documents are missing.
 04/08/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223132442 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report does not reflect an ALTA Loan Policy amount. Final Title Policy was not provided to verify sufficient title coverage was obtained.       Reviewer Comment (2025-04-07): Title Policy received, Exception Cleared.


Buyer Comment (2025-04-04): Please see attached
 04/07/2025     1 B A B A B A B A B A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223132442 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2025-04-07): Title Policy received, Exception Cleared.
 04/07/2025     1 A A A A A A A A A A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223132442 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent Only).  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Attorney's Fee (Closing Agent Only) amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower       Reviewer Comment (2025-04-07): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-04): See attached
 04/07/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223132442 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-07): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-04): Please see attached
 04/07/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223132442 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]
  Percent Tolerance Violation With Sufficient Cure Provided At Closing		 TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent Only).  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-07): Sufficient Cure Provided At Closing
   04/07/2025   1   A   A   A   A   A   CA Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223132442 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]
 Percent Tolerance Violation With Sufficient Cure Provided At Closing		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-07): Sufficient Cure Provided At Closing
   04/07/2025   1   A   A   A   A   A   CA Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223132443 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Coverage amount not provided on preliminary title.       Reviewer Comment (2025-04-03): Received supplement report. Exception Cleared.


Buyer Comment (2025-04-02): title supplement
 04/03/2025     1 B A B A B A B A B A   CA Investment Purchase   B B B B     A A   N/A No
223132443 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Lender requested an exception to waive the [redacted] Certificate of Good Standing for the purchase of the subject property located in [redacted] when the borrowing entity was registered in [redacted]. Compensating factors: loan to value [redacted]% or more under requirement; reserves [redacted]+ months more than requirement; long term homeownership (>[redacted]years). Exception was not approved to waive the [redacted] Certificate of Good Standing but approval did allow the [redacted] Certificate of Good Standing to be provided prior to purchase and accepted a CPA letter to evidence the borrower's ownership interest in lieu of the share certificate. File also contains the approved [redacted] initial business filing for the borrowing entity. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.		 Final CLTV of [redacted]% is less than the [redacted] investment guideline maximum of [redacted]% by [redacted]%.

Final LTV of [redacted]% is less than the [redacted] investment guideline maximum of [redacted]% by [redacted]%.

Verified reserves of [redacted] months exceed the [redacted] guideline minimum reserves of [redacted] months.		 Originator,Aggregator,SitusAMC

Originator,Aggregator,SitusAMC

SitusAMC,Originator,Aggregator		 Reviewer Comment (2025-03-31): Lender approved the exception request with compensating factors to allow the [redacted] certificate of good standing to be provided prior to purchase. The borrowing entity was registered in [redacted] and the subject investment property is located in [redacted] . [redacted] letter to verify the entity transfer from [redacted] to [redacted]  and approved [redacted] initial filing for the borrowing entity were provided in the the file. All exception approval conditions have been met.
     03/31/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
223132449 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]% tolerance was exceeded by $[redacted]due to Increase of Loan discounts points Fee.  No valid COC provided, nor evidence of cure in file.       Reviewer Comment (2025-04-10): [redacted] received valid [redacted]  documents


Buyer Comment (2025-04-09): UPLOADED [redacted]/[redacted]
 04/10/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C A A A Non QM Non QM Yes
223132449 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for Non- warrantable condo due to critical repairs. HOA is in the process of completing balcony and stairway repairs. Lender exception was approved with the following conditions: Max [redacted]% LTV, HOA [redacted]confirm safety measures in place to ensure safety/soundness of unit occupants during repairs, Subject to NWC LLPA Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Loan to value [redacted]% or more under requirement

FICO [redacted] points or more above requirement		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive the condition with the following Compensating Factors:
Loan to Value [redacted] or more under requirement
[redacted] points or more above requirement
Long Term Homeownership ([redacted])
     04/01/2025 2 B B B B B B B B B B   CA Primary Purchase   D B D B C A A A Non QM Non QM No
223132449 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the [redacted] Rate Lock as required by the client's guidance       Reviewer Comment (2025-04-07): Rate Lock received and associated. Exception cleared.


Buyer Comment (2025-04-04): initial rate lock
 04/07/2025     1 C A C A C A C A D A   CA Primary Purchase   D B D B C A A A Non QM Non QM No
223132533 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2025-04-03): Hazard Insurance dwelling Amount [redacted]  + Replacement coverage amount [redacted] = [redacted]. Covering the loan amount [redacted] Exception cleared.


Buyer Comment (2025-04-02): we have the [redacted] and Coverage for it.
 04/03/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223132534 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]
 Percent Tolerance Violation With Sufficient Cure Provided At Closing		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-03-28): Sufficient Cure Provided At Closing
   03/28/2025   1 A A A A A A A A A A   NY Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223132540 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for Section[redacted] Cash-out Refinance Seasoning < [redacted]& Section [redacted]: Use of Appraised Value for LTV calculation. Exception request for eligibility of subject property. The subject is a legally zoned [redacted]bd/[redacted]ba SFR located in a suburban area. The subject was last transferred on [redacted]for $[redacted] and is now appraising for $[redacted]. The appraiser has confirmed that subject was renovated throughout, resulting in the increase in value . A CDA has been ordered, but has not been received yet. A CDA has been ordered, but not received yet. Compensating factors: Loan to Value [redacted]% or more under requirement; FICO [redacted]points or more above requirement, [redacted] [redacted]or greater. The qualifying [redacted] on the loan is greater than the guideline minimum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted].

Borrower's qualifying FICO score of [redacted] exceeds the guideline minimum of [redacted ]by [redacted] points.		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Lender approved the exception request with compensating factors to allow the subject cash-out refinance with less than [redacted] months seasoning and the use of the higher appraised value for the [redacted] calculation. All exception approval conditions have been met ([redacted], minimum [redacted]of [redacted], [redacted] from borrower for cash-out purpose provided as required, lease agreement for the subject property and security deposit and first month's rent verification were also provided as required).
     04/01/2025 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223132570 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Condo is non-warrantable due to critical repairs. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%		 Originator,SitusAMC

Originator,SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-04-01): Client elects to waive with compensating factors.
     04/01/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223134047 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception to waive the landlord history and [redacted] of <[redacted]. Borrower is purchasing investment property. [redacted] <[redacted]. Currently at .[redacted]. Borrower owns primary (on deed not mortgage). Did have previous history of owning a rental property but was in [redacted]. Compensating factors: Good FICO, no derogatory credit, minimal usage of debt, [redacted]months reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Verified reserves of [redacted] months exceeds the [redacted] guideline minimum reserves of [redacted] months.

Borrower's qualifying FICO score of [redacted] exceeds the guideline minimum of [redacted ]by [redacted] points.		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Lender approved the exception request with compensating factors to waive the required [redacted] history and a [redacted] of less than [redacted]. All exception approval conditions have been met (maximum [redacted], minimum [redacted], reserve requirement to be met, minimum [redacted] year PPP).
     04/01/2025 2 B B B B B B B B B B   GA Investment Purchase   C B C B     A A   N/A No
223134047 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-04-07): Business Purpose Certificate is provided. Exception Cleared.


Buyer Comment (2025-04-07): [redacted]
 04/07/2025     1 C A C A C A C A C A   GA Investment Purchase   C B C B     A A   N/A No
223134309 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-04-16): Received Business Purpose Certificate. Exception Cleared


Buyer Comment (2025-04-14): signed business purp cert
 04/16/2025     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223134832 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to allow use of [redacted]tradelines which does not meet Section [redacted]: Trade Line Requirement must have [redacted] trade lines and a credit history covering [redacted]months preceding the application date. Borrower has [redacted]credit cards rated [redacted]months and [redacted]months. He purchased primary residence with [redacted] on [redacted] (another duplex) and previously lived rent free, he cannot show a housing payment history and we are pending a prior rent free letter. We are also using a landlord history waiver subject to proof borrower is occupying the new primary since credit documents show prior residence. Funds for closing are coming from gift and stocks. Total reserves [redacted]months The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Borrower's qualifying FICO score of [redacted] exceeds the guideline minimum of [redacted ]by [redacted] points.

Verified reserves of [redacted] months exceeds the [redacted] guideline minimum reserves of [redacted] months.

Borrower paid $[redacted] to close the subject loan (includes unverified POC of $[redacted]). $[redacted] was withdrawn from the borrower's brokerage account. $[redacted]/  $[redacted] purchase price = [redacted]% down payment.		 SitusAMC,Originator,Aggregator

Originator,Aggregator,SitusAMC

Originator,Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Lender did not approve the exception request to waive the [redacted] vs [redacted] tradelines required at an [redacted]. Exception was approved with a counter offer for a [redacted], minimum [redacted]of [redacted], minimum [redacted] year PPP, minimum down payment of [redacted] plus reserves from borrower's own funds, both subject leases transferred to the borrower and proof the borrower is actually occupying the recently purchased primary residence. All exception approval conditions have been met (lease transfer is in the file, utility bill provided to verify occupancy and borrower down payment is [redacted] with [redacted] months required reserves from own account).
     04/01/2025 2 B B B B B B B B B B   AZ Investment Purchase   B B B B     A A   N/A No
223134834 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-04-03): Receipt provided


Buyer Comment (2025-04-03): appraisal delivery
 04/03/2025     1 B A B A B A B A B A   PA Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223134970 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.         Reviewer Comment (2025-04-07): CDA delivery confirmation received, Exception Cleared.


Buyer Comment (2025-04-03): Proof CDA sent to borrower
 04/07/2025     1 B A B A B A B A B A   NC Primary Purchase   C B B B C A A A Non QM Non QM No
223134970 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] ([redacted]) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. LE dated[redacted] E-signed by borrower on [redacted], but E-signature disclosure not provided until [redacted].       Reviewer Comment (2025-04-07): [redacted] received e-consent dated [redacted]


Buyer Comment (2025-04-03): Esign consent
 04/07/2025     1 C A C A C A C A C A   NC Primary Purchase   C B B B C A A A Non QM Non QM No
223134970 [redacted] [redacted]   XXXX     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender exception approved request for [redacted]FICO (lower than required [redacted]FICO for [redacted]% LTV) is approved. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrower has verified disposable income of at least $[redacted].		 Actual Reserves: $[redacted]
Required Reserves: $[redacted]

Documentation Type: [redacted]
Disposable Income: $[redacted]		 Originator,SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-04-01): Client elects to waive with compensating factors.
     04/01/2025 2 B B B B B B B B B B   NC Primary Purchase   C B B B C A A A Non QM Non QM No
223134976 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-10): [redacted] received COC dated [redacted]


Buyer Comment (2025-04-09): COC
 04/10/2025     1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A C A C A D A Non QM Non QM Yes
223134976 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]           Reviewer Comment (2025-04-10): Received CDA. Exception cleared.


Buyer Comment (2025-04-09): CDA
 04/10/2025     1 D A D A D A D A D A   TX Primary Refinance - Cash-out - Other   D A C A C A D A Non QM Non QM No
223134976 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title policy amount not provided in preliminary title policy.       Reviewer Comment (2025-04-07): Title Commitment received and policy amount updated. Exception cleared.


Buyer Comment (2025-04-04): Commitment
 04/07/2025     1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   D A C A C A D A Non QM Non QM No
223134977 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.         Reviewer Comment (2025-04-04): Received appraisal notice for the evidence of preliminary appraisal delivery. Exception cleared.


Buyer Comment (2025-04-02): Receipt
 04/04/2025     1 B A B A B A B A B A   GA Primary Purchase   C A A A C A A A Non QM Non QM No
223134977 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing       Reviewer Comment (2025-04-04): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-04-02): Disclosure tracking
 04/04/2025     1 C A C A C A C A C A   GA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223136869 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing.       Reviewer Comment (2025-04-08): Received business purpose certificate. Exception cleared.


Buyer Comment (2025-04-07): business purpose cert uploaded
 04/08/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223155719 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The subject property is a non-warrantable condo due to the attorney litigation letter having the verbiage "reservation of rights". Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 FICO [redacted] points or more above requirement SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-01): Client elected to waive the condition with the following Compensating Factors:
[redacted] points or more above requirement
Long Term Homeownership ([redacted])
     04/01/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B A A A A Non QM Non QM No
223163155 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   CPA letter is provided doesn't confirm withdrawals from account won't have negative impact please associate the CPA letter.       Reviewer Comment (2025-04-08): Cash flow analysis received, Exception cleared.


Buyer Comment (2025-04-07): Rebut
 04/08/2025     1 C A C A C A C A C A   NM Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223163155 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified liquid assets in the amount of $[redacted]are insufficient to meet cash to close of $[redacted]..  Final [redacted]reflects $[redacted] verified, however, additional documentation needed for use of business funds.       Reviewer Comment (2025-04-08): Cash flow analysis received, Exception cleared.


Buyer Comment (2025-04-07): Rebut
 04/08/2025     1 C A C A C A C A C A   NM Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223163155 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.   Calculated Available for Reserves of [redacted]is less than Guideline Available for Reserves of  $[redacted].       Reviewer Comment (2025-04-08): Cash flow analysis received, Exception cleared.


Buyer Comment (2025-04-07): Rebut
 04/08/2025     1 C A C A C A C A C A   NM Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223163327 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Reconveyance Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Title - Reconveyance Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-14): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-11): PCCD, [redacted], check & label


Reviewer Comment (2025-04-11): [redacted] received rebuttal that the fee was not under [redacted]  but from last disclosed LE the borrower was not provided option to shop for the title fees. The fee was disclosed on final CD under section C but is tested under[redacted]. A valid COC or cure will be required.


Buyer Comment (2025-04-09): rebuttal


Reviewer Comment (2025-04-08): [redacted] received SSPL. However, the inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the Title fees was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required.  Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-04-07): [redacted]


Reviewer Comment (2025-04-07): [redacted] The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop.  As the Title fees was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required.  Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Buyer Comment (2025-04-04): [redacted]
   04/14/2025   2 C B C B C B C B C B   MI Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223163332 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Missing rate lock.       Reviewer Comment (2025-04-04): Rate lock provided.


Buyer Comment (2025-04-03): Lock form
 04/04/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Article of Organization is missing in the file.       Reviewer Comment (2025-04-04): Received Article of Organization in the file. Exception Cleared.


Buyer Comment (2025-04-03): Articles
 04/04/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing in the file.       Reviewer Comment (2025-04-04): Received Certificate of Good Standing in the file. Exception Cleared.


Buyer Comment (2025-04-03): Good Standing
 04/04/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing in the file.       Reviewer Comment (2025-04-04): Received Corporate Resolution in the file. Exception Cleared.


Buyer Comment (2025-04-03): Corp res
 04/04/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) is missing in the file.       Reviewer Comment (2025-04-04): Received Employer Identification Number (EIN) in the file. Exception Cleared.


Buyer Comment (2025-04-03): [redacted]
 04/04/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing in the file.       Reviewer Comment (2025-04-04): Received Operating Agreement in the file. Exception Cleared.


Buyer Comment (2025-04-03): Operating
 04/04/2025     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163334 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing the initial [redacted] Rate Lock as required by the client's guidance       Reviewer Comment (2025-04-04): Received Rate Lock in the file. Exception Cleared.


Buyer Comment (2025-04-03): Original lock
 04/04/2025     1 C A C A C A C A D A   MA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223163335 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Receipt dated [redacted] however appraisal report dated [redacted].       Reviewer Comment (2025-04-07): Proof of appraisal delivery received. Exception cleared


Buyer Comment (2025-04-04): Proof Final Appraisal sent to borrower.
 04/07/2025     1 B A B A B A B A B A   FL Primary Purchase   B A A A B A A A Non QM Non QM No
223163336 [redacted] [redacted]   XXXX     Credit Loan Eligibility Guideline Issue Loan Eligibility Credit history reflects lates that do not meet guidelines. - Credit history reflects a total of ___ reported late payments. [redacted]day [redacted]mortgage late payments within [redacted]months are reported on credit report       Reviewer Comment (2025-04-07): Per lender rebuttal reference, delinquency is acceptable per guides. Condition cleared.


Buyer Comment (2025-04-03): Per guidelines this is ok:
[redacted]: Housing Payment History
The housing references provided or listed on credit may not exceed [redacted] in the aggregate in the [redacted]
months preceding the note date, however, note that [redacted] may have an associated pricing
adjustment and is limited to max [redacted]
In the event that an Applicant has a rolling [redacted] day housing late, the lates will be treated as one late
provided the period with the rolling lates does not exceed [redacted] months, nor does the delinquency reach [redacted]
days.
 04/07/2025     1 C A C A C A C A C A   GA Primary Purchase   C A C A A A A A Non QM Non QM No
223163336 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]
 Percent Tolerance Violation With Sufficient Cure Provided At Closing		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted]% tolerance was exceeded by $[redacted]due to Transfer Tax Fee. Specific credit of $[redacted]has been provided as cure at closing.       Reviewer Comment (2025-03-31): Sufficient Cure Provided At Closing
   03/31/2025   1 A A A A A A A A A A   GA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
223163382 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]
 Percent Tolerance Violation Without Sufficient Cure Provided		 TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Survey fee of $[redacted]not disclosed until final CD. No valid change in circumstance or cure for borrower provided.       Reviewer Comment (2025-04-10): [redacted] Received Corrected PCCD and Loe moving fee to section H.


Buyer Comment (2025-04-09): PCCD Pkg
 04/10/2025     1 C A C A C A C A C A   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223163404 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Provide Hazard Insurance policy for the property [redacted].       Reviewer Comment (2025-04-07): HOA verification received and associated. Exception cleared.


Buyer Comment (2025-04-04): HOA


Reviewer Comment (2025-04-04): Received Hazard Insurance and Flood Insurance, but evidence of HOA verification is missing. Exception remains.


Buyer Comment (2025-04-03): REO HOI & Flood
 04/07/2025     1 C A C A C A C A C A   TX Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223163438 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___ File is missing a copy of the final title policy.       Reviewer Comment (2025-04-09): Per client used AUS
 04/09/2025     1 A A A A A A A A A A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223163438 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   The Hazard Insurance Policy Effective Date is after the later of the note or transaction date. Hazard Insurance Policy Effective Date is [redacted] and Note Date is [redacted]       Reviewer Comment (2025-04-04): Hazard Insurance policy provided prior to the note date. Exception Cleared.


Buyer Comment (2025-04-03): Please see [redacted]Pg [redacted]for policy [redacted]-[redacted]
 04/04/2025     1 C A C A C A C A C A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223163438 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Required [redacted]months reserves not provided in file.       Reviewer Comment (2025-04-09): Per client used AUS reserve requirement


Buyer Comment (2025-04-08): Please note: the LP findings reflect Ineligible due to the [redacted] . This program allows for a higher [redacted] and therefore the findings will reflect ineligible.  Please escalate this for review as LP does not require reserves..


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided LPA reflects "Accept/Ineligible". Please provide AUS with "Accept/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-07): LP &[redacted]


Buyer Comment (2025-04-07): LP & [redacted]


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided DU reflects "Approve/Ineligible". Please provide AUS with "Approve/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-04): DU


Buyer Comment (2025-04-04): [redacted]
 04/09/2025     1 C A C A C A C A C A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223163438 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. ATR risk due to missing asset documentation: required [redacted]months reserves not provided in file.       Reviewer Comment (2025-04-09): Per client used Aus required reserve.


Buyer Comment (2025-04-07): See uploaded


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided DU reflects "Approve/Ineligible". Please provide AUS with "Approve/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-04): see uploaded
 04/09/2025     1 B A C A B A C A B A   OH Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223163438 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR risk due to missing asset documentation: required [redacted]months reserves not provided in file.       Reviewer Comment (2025-04-09): Per client used AUS


Buyer Comment (2025-04-08): Please note: the LP findings reflect Ineligible due to the [redacted] . This program allows for a higher [redacted] and therefore the findings will reflect ineligible.  Please escalate this for review as LP does not require reserves..


Buyer Comment (2025-04-07): See uploaded


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided DU reflects "Approve/Ineligible". Please provide AUS with "Approve/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-04): see uploaded
 04/09/2025     1 C A C A C A C A C A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223163438 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Required [redacted]months reserves not provided in file.       Reviewer Comment (2025-04-09): Lender used AUS, condition cleared.


Buyer Comment (2025-04-08): Please note: the LP findings reflect Ineligible due to the [redacted] . This program allows for a higher [redacted] and therefore the findings will reflect ineligible.  Please escalate this for review as LP does not require reserves..


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided LPA reflects "Accept/Ineligible". Please provide AUS with "Accept/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-07): See uploaded


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided DU reflects "Approve/Ineligible". Please provide AUS with "Approve/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-04): see uploaded
 04/09/2025     1 C A C A C A C A C A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223163438 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) ATR risk due to missing asset documentation: required [redacted]months reserves not provided in file.       Reviewer Comment (2025-04-09): Per client used AUS


Buyer Comment (2025-04-08): Please note: the LP findings reflect Ineligible due to the [redacted] . This program allows for a higher [redacted] and therefore the findings will reflect ineligible.  Please escalate this for review as LP does not require reserves..


Buyer Comment (2025-04-07): See uploaded


Reviewer Comment (2025-04-07): [redacted] reflects AUS Recommendation "Approve/Eligible" whereas provided DU reflects "Approve/Ineligible". Please provide AUS with "Approve/Eligible" Recommendation to verify correct reserves requirement. Exception remains.


Buyer Comment (2025-04-04): see uploaded
 04/09/2025     1 C A C A C A C A C A   OH Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223165927 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Title Policy Amount of $[redacted]is less than the note amount of $[redacted]based on the Commitment in file       Reviewer Comment (2025-04-08): Received updated Title Commitment in the file. Exception Cleared.


Buyer Comment (2025-04-07): Please see attached
 04/08/2025     1 B A B A B A B A B A   OH Investment Refinance - Cash-out - Home Improvement   B A B A     A A   N/A No
223165992 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]   The file is missing a copy of the secondary valuation required for securitization purposes.       Reviewer Comment (2025-04-14): Received CDA. Condition cleared.


Buyer Comment (2025-04-10): CDA
 04/14/2025     1 D A D A D A D A D A   GA Investment Purchase   D A A A A A D A N/A Exempt from ATR No
223166133 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - Borrower is earning wage income from Foley Insulation, file is missing verification of employment document.       Reviewer Comment (2025-04-09): Cleared. Borrower is qualified using [redacted] and [redacted] income from the same business for which he has [redacted]  ownership. Valid business search is located in the file.


Buyer Comment (2025-04-07): we are using self-employment income (in addition to [redacted] from the same company) Verification should be sufficient. Please review


Reviewer Comment (2025-04-04): Exception Remains - Required VVOE within [redacted] days of note date for borrower [redacted] who is wage earner from employer [redacted], Provided document is business search which is not acceptable.


Buyer Comment (2025-04-03): VVOE
 04/09/2025     1 C A C A C A C A C A   MD Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223166133 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted]
 business days of the Note.		 - This file was missing a copy of VVOE.  Per guidelines, Verbal Verification of Employment VVOE completed within [redacted]days of closing must be provided.       Reviewer Comment (2025-04-09): Cleared. Borrower is qualified using [redacted]and [redacted] income from the same business for which he has [redacted] ownership. Valid business search is located in the file.
 04/09/2025     1 C A C A C A C A C A   MD Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223166135 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test Compliant [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan. File is identified as Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2025-04-07): Client elects to waive.
     04/07/2025 2 B B B B B B B B B B   MA Primary Purchase No obvious cure C B C A B B A A Non QM Non QM No
223166135 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - On the Appraisal City name spells "[redacted]" however on the Note city spells "[redacted]".       Reviewer Comment (2025-04-15): Received clarification for city. Condition cleared.


Buyer Comment (2025-04-11): see uploaded email from title co regarding city name. please clear
 04/15/2025     1 C A C A C A C A C A   MA Primary Purchase   C B C A B B A A Non QM Non QM No
223166136 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for: Collateral - Non -Warrantable condo due to mandatory membership. Non -Warrantable condo - ([redacted][redacted] Condo Characteristic) - The residential unit owners are required to pay mandatory fees to a third party. The Amenities are not owned by the HOA Master Association. The portion of each unit owners' monthly dues goes toward the shared Amenities expense. Lender exception was approved with the following conditions LLPA on rate sheet for NWC applies as well as the exception LLPA listed , minimum [redacted]year PPP: Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elected to waive exceptions with compensating factors.
     04/03/2025 2 B B B B B B B B B B   GA Investment Purchase   C B C B A A A A N/A Exempt from ATR No
223166136 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]/Declarations:  D. [redacted]. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes.  Unable to determine qualification without this information. - [redacted]/Declarations: D. [redacted]. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application is marked as YEs in final [redacted].       Reviewer Comment (2025-04-11): Updated final [redacted] received and verified. Exception cleared


Buyer Comment (2025-04-10): Please see corrected[redacted]
 04/11/2025     1 C A C A C A C A C A   GA Investment Purchase   C B C B A A A A N/A Exempt from ATR No
223166156 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing.       Reviewer Comment (2025-04-11): Non-QM Business Purpose Certificate is provided. Exception cleared.


Buyer Comment (2025-04-10): BPC


Reviewer Comment (2025-04-07): Provided document is not Business Purpose Certificate. However, required Business Purpose Certificate. Exception Remains.


Buyer Comment (2025-04-07): BPC
 04/11/2025     1 C A C A C A C A C A   NJ Investment Purchase   C B C B     A A   N/A No
223166156 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Collateral. Non-warrantable condo due to no reserve allocation.
Project is a new construction project with no reserve allocation. Requesting to use Appraisal Short Term Rental income Analysis on the body of the report, in lieu of [redacted]. this purchase transaction, short term rental loan. Borrowers have over [redacted]months reserves documented in file. Both borrowers have good credit history.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): Preapproved exception
     04/03/2025 2 B B B B B B B B B B   NJ Investment Purchase   C B C B     A A   N/A No
223166156 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception request: Rental Income from short appraisal Short-Term/Seasonal Rental Projected Gross Income Analysis.
Project is a new construction project with no reserve allocation. Requesting to use Appraisal Short Term Rental income Analysis on the body of the report, in lieu of [redacted]. this purchase transaction, short term rental loan. Borrowers have over [redacted]months reserves documented in file. Both borrowers have good credit history.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): preapproved exception
     04/03/2025 2 B B B B B B B B B B   NJ Investment Purchase   C B C B     A A   N/A No
223166159 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing in the file.       Reviewer Comment (2025-04-08): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-04-07): E-Sign Consent
 04/08/2025     1 C A C A C A C A C A   CA Second Home Purchase   C A C A A A A A Non QM Non QM No
223166159 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Title Preliminary Report in the file doesn't disclose the total Policy coverage amount.  Provide evidence of title with sufficient policy coverage.       Reviewer Comment (2025-04-09): Title supplement report is received, coverage is updated. Exception cleared.


Buyer Comment (2025-04-08): See attached.
 04/09/2025     1 B A B A B A B A B A   CA Second Home Purchase   C A C A A A A A Non QM Non QM No
223166159 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] ([redacted]) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. E-sign consent date is dated [redacted] and earliest LE is e-signed on [redacted].       Reviewer Comment (2025-04-14): [redacted] received earliest e-consent dated [redacted]


Buyer Comment (2025-04-11): Please clear. The[redacted]  consent date is [redacted] is the intent to proceed and credit consent date
 04/14/2025     1   A   A   A   A   A   CA Second Home Purchase   C A C A A A A A Non QM Non QM No
223166161 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   lender requested an exception Refinance short term exceeds market rent and last [redacted] months greater than [redacted] change. which was approved for FICO is [redacted]vs min [redacted], Reserves are cash out are [redacted] mo ([redacted]) Vs required [redacted] mo [redacted] ( [redacted]mo), [redacted] when using the short rent [redacted] mo avg is [redacted] ([redacted]). Property is located in an area that is a known vacation area of [redacted] on a lake the rental leads to seasonality and we are heading into the busier part of the year. Change in short term rent is greater than [redacted] (last [redacted] mo [redacted] vs [redacted]mo [redacted]) Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The [redacted] ([redacted]) is greater than the guideline requirement by [redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 [redacted]: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-02): Client elects to waive with comp factors.
     04/02/2025 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223166163 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception request for [redacted] LTV for [redacted]. Borrower is requesting exceptions to use [redacted] with Occupancy of [redacted] and LTV to [redacted] for both [redacted] and Use of [redacted]. Property is in the [redacted] in [redacted]. It is a vacation spot and STR is the main use. Borrower owns his current primary in [redacted]. Assets: [redacted] leaving [redacted]-[redacted] Months for reserves. Unable to downgrade/waive due to no usable compensating factors. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted] SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): Please see attached
     04/18/2025 2 C B C B C B C B C B   PA Investment Purchase   C B C B     A A   N/A No
223166163 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Lender approved exception request for [redacted] LTV for [redacted]. Borrower is requesting exceptions to use [redacted] with Occupancy of [redacted] and LTV to [redacted] for both [redacted] and Use of [redacted]. Property is in the [redacted] in [redacted]. It is a vacation spot and STR is the main use. Borrower owns his current primary in [redacted]. Assets: [redacted] leaving [redacted]-[redacted] Months for reserves. Unable to downgrade/waive due to no usable compensating factors. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted] SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): See attached
     04/18/2025 2 C B C B C B C B C B   PA Investment Purchase   C B C B     A A   N/A No
223166163 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception request for [redacted] with Occupancy less than [redacted]. Unable to downgrade/waive due to no usable compensating factors. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted] SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): See attached
     04/18/2025 2 C B C B C B C B C B   PA Investment Purchase   C B C B     A A   N/A No
223166163 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception Request and approval provided for [redacted] LTV using [redacted]. Unable to downgrade/waive due to no usable compensating factors. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted] SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): See attached
     04/18/2025 2 C B C B C B C B C B   PA Investment Purchase   C B C B     A A   N/A No
223166166 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for P&L but completed by a PTIN. Verified PTIN is active. Low DTI, no recent derogatory credit, minimal usage debt, [redacted] months reserves, owns primary. Lender exception with COUNTEROFFER Max [redacted], Min [redacted] month reserves Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with comp factors.
     04/03/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B B A A A N/A Exempt from ATR No
223166166 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-09): Appraisal report e-signed by borrower confirming receipt of appraisal report, Exception Cleared.


Buyer Comment (2025-04-08): Doc ID [redacted] pg [redacted] is esigned [redacted] at top of page indicating receipt of appraisal within [redacted].


Reviewer Comment (2025-04-08): Require proof/receipt which confirms copy of appraisal deliver to borrower from [redacted] business days prior to closing date as per response [redacted] ([redacted]) is Driving License not a appraisal delivery receipt. Exception Remains.


Buyer Comment (2025-04-04): Please see [redacted] esigned by borrower [redacted] as confirmation of receipt.
 04/09/2025     1 B A B A B A B A B A   FL Investment Purchase   C B C B B A A A N/A Exempt from ATR No
223166166 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception and approval provided for Non-perm with [redacted] proceeding with P&L. Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with comp factors.
     04/03/2025 2   B   B   B   B   B   FL Investment Purchase   C B C B B A A A N/A Exempt from ATR No
223166171 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing supporting document to verify usage of business funds will not impact business negatively       Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.


Buyer Comment (2025-04-08): Please see attached
 04/10/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223166171 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing supporting document to verify usage of business funds will not impact business negatively       Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.


Buyer Comment (2025-04-08): See attached
 04/10/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223166171 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Missing evidence of [redacted] Loan Estimate receipt, using mailbox method results in late delivery.       Reviewer Comment (2025-04-08): [redacted] received proof of receipt.


Buyer Comment (2025-04-07): See attached


Buyer Comment (2025-04-07): Please see attached
 04/08/2025     1 C A C A C A C A C A   AZ Second Home Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223166171 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.
 04/10/2025     1 B A C A B A C A B A   AZ Second Home Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223166171 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)         Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.
 04/10/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223166171 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Missing CPA letter stating funds from business accounts will not affect business or cash flow analysis over most recent [redacted] months  for Business funds from [redacted] accounts.       Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.


Buyer Comment (2025-04-08): Please see attached
 04/10/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223166171 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. The file is missing Asset documentation, causing the loan to waterfall through the QM Testing.       Reviewer Comment (2025-04-10): Cash flow Analysis provided. Exception Cleared.
 04/10/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C A C A C A A A Non QM Non QM No
223166182 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal fee amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-04-01): Sufficient Cure Provided At Closing
   04/01/2025   1 A A A A A A A A A A   PA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223166189 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved and requested for this project has a few outstanding city violations related to fire/safety. [redacted]. Place a non-combustible [redacted] hour rating fire resistance material over spray foam in [redacted]. This will be completed in next [redacted] days. Cost to cure is roughly [redacted]. [redacted]. Trash Chutes do not self-close and latch. This has been completed. [redacted]. Elevator key needs to be placed in the Knox box by fire inspector when box is installed. This has been completed. [redacted]. Have open/closed with fire resistance material on [redacted]st floor. This has been completed. The loan is an investment, purchase, at [redacted] LTV. Marketing time is [redacted]-[redacted] months and property values are stable. Reserves contribution for [redacted] are at [redacted], The Project has been in existence since [redacted] and is Established Project. The project primary occupancy is [redacted]nd homes. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-02): Client elects to waive with comp factors.
     04/02/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
223166208 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Asset statements provided must cover at least [redacted]days on purchases, provide [redacted] more additional account statement of #[redacted].       Reviewer Comment (2025-04-11): Bank Statement received for one month and verified. Exception cleared.


Buyer Comment (2025-04-09): Please see attached
 04/11/2025     1 C A C A C A C A C A   IL Primary Purchase   C A C A A A A A Non QM Non QM No
223166209 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Provide verification of rent (VOR) to verify prior housing history       Reviewer Comment (2025-04-17): Based on the guides page [redacted] of the guides, the rental history is at the underwriters discretion. Condition cleared.


Reviewer Comment (2025-04-11): Based on the guidelines provided to DD dated [redacted], the reference to no rental history for [redacted] less than [redacted] is not provided. The guides provided to DD require a rental history


Buyer Comment (2025-04-09): Please waive. See attached.
 04/17/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223166211 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: LTV; MAX LTV FOR [redacted] IS [redacted]% REQUESTING [redacted]%.
Cash out refinance of investment property [redacted],[redacted] is only .[redacted]so max LTV is [redacted]%. Requesting LTV to [redacted]%, [redacted]months reserves with cash out, no derogatory credit, minimal usage of debt.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): preapproved exception
     04/03/2025 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223166212 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Verification of Non-US Citizen Status is missing in file.       Reviewer Comment (2025-04-08): Updated [redacted] Application received and associated. Exception cleared.


Buyer Comment (2025-04-07): Borrower is US Citizen . [redacted] checked in error. Corrected app attached
 04/08/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223166225 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Attorney Review Fee increased to [redacted] without a valid change of circumstance, no cure was provided.       Reviewer Comment (2025-04-11): [redacted] received corrected [redacted] and LOE


Buyer Comment (2025-04-09): [redacted] and [redacted]
 04/11/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223166225 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request for [redacted] non-[redacted] warrantable characteristics. Currently we do not meet presale, only [redacted] of [redacted] units at [redacted]% of presale, secondly , the developer is keeping [redacted] units to rent not affordable housing or rent controlled, currently the LTV is [redacted]% the branch confirmed they would would lower to [redacted]%. Lender exception with COUNTEROFFER Max  LTV of [redacted]-%, All signature Expanded criteria to be met Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Residual Income $[redacted]k or more

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 SitusAMC

Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with compensating factors.
     04/03/2025 2 B B B B B B B B B B   NJ Primary Purchase   C B B B C A A A Non QM Non QM No
223166238 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request: borrower has dispute for a late payment on credit report and does not want to remove it and does not want another hard re-pull of credit. Exception is approved. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Actual Reserves: $[redacted]
Required Reserves: $[redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): Client elected to waive exceptions with compensating factors.
     04/03/2025 2 B B B B B B B B B B   OR Investment Purchase   B B B B A A A A N/A Exempt from ATR No
223166245 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant[redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-08): Received appraisal notice for the evidence of appraisal delivery. Exception cleared.


Buyer Comment (2025-04-07): Appraisal sent
 04/08/2025     1 B A B A B A B A B A   FL Primary Purchase   B A A A B A A A Non QM Non QM No
223166245 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Cure provided but no valid COC provided.       Reviewer Comment (2025-04-01): Sufficient Cure Provided At Closing
   04/01/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
223166257 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Insurance Policy Expiration Date is less than [redacted]days of the Note Date and does not have automatic renewal.           Reviewer Comment (2025-04-07): Received Hazard Insurance Policy. Exception Cleared.


Buyer Comment (2025-04-04): HOI
 04/07/2025     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223166259 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Borrower is an ITIN borrower who owns free and clear his current primary residence and the subject property. This is a [redacted] cash out refi for an ITIN borrower and per section  pg #[redacted] of the [redacted] Signature Expanded guidelines this is now allowed with a max LTV of [redacted]% LTV. The borrower has only one credit score but meets the tradeline and minimum credit time frame requirements and per section [redacted] page #[redacted].  Unable to waive/downgrade due to missing exception request form and approval for the exception. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): Comp Factors


Reviewer Comment (2025-04-09): The lender exception provided list the LTV as the comp factor, however the calculated LTV is not [redacted]% or more under requirement as noted on the lender exception.


Buyer Comment (2025-04-07): Please see [redacted], and [redacted]as the exception request documentation.  Note pg [redacted]and pg [redacted] show exception as approved.
     04/18/2025 2 C B C B C B C B C B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223166259 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   Title commitment, schedule B, part I, #[redacted] indicates [redacted] judgments with comment [redacted] attached hereto.  No documents attached regarding the judgments.       Reviewer Comment (2025-04-08): Received attached [redacted] judgements. Exception cleared.


Buyer Comment (2025-04-07): Judgements
 04/08/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223166260 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception at origination for Borrower funds used in delayed financing on a [redacted] loan. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elects to waive with comp factors.
     04/03/2025 2 B B B B B B B B B B   NJ Investment Refinance - Rate/Term   B B B B     A A   N/A No
223166264 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception required due to section [redacted]: Rural Investment Property. Exception request for eligibility of subject property. The subject is legally zoned [redacted] bd/[redacted] Ba SFR located in a rural area with [redacted] acres, well water and septic sewer. Lender exception was approved with the following condition: LLPA [redacted], Max [redacted]% LTV Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-03): Client elected to waive exceptions with compensating factors.
     04/03/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A Exempt from ATR No
223166264 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-04-08): Received E-Sign Consent document. Exception cleared.


Buyer Comment (2025-04-07): Econsent and disc tracking


Reviewer Comment (2025-04-07): Condition remains: Provide complete set of the E-sign document to verify the consent date. The document provided is a broken set, only contains some pages.


Buyer Comment (2025-04-04): Esign
 04/08/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A Exempt from ATR No
223166264 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-07): Title Supplement already in the file, exception cleared.


Buyer Comment (2025-04-04): Supplement
 04/07/2025     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A Exempt from ATR No
223166265 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-04-11): Appraisal delivery confirmation received, Exception Cleared.


Buyer Comment (2025-04-10): Please apply mailbox rule
 04/11/2025     1 B A B A B A B A B A   MA Investment Refinance - Rate/Term   B A A A B A A A N/A Exempt from ATR No
223166444 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Requested:
Loan Officer is requesting exception to waive additional [redacted] months reserves for LTV >[redacted]% and loan amount above $[redacted]. Total funds verified: $[redacted] which includes a $[redacted] gift. Total required: $[redacted] w/additional [redacted] months reserves.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-03): Preapproved exception
     04/03/2025 2 B B B B B B B B B B   AZ Primary Purchase   B B B B A A A A Non QM Non QM No
223166448 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign disclosure not provided in file.       Reviewer Comment (2025-04-07): E-Sign Consent Agreement received and updated .Exception cleared


Buyer Comment (2025-04-04): Esign Consent
 04/07/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223166457 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-04-08): Supplemental report provided.


Buyer Comment (2025-04-08): Title
 04/08/2025     1 B A B A B A B A B A   CA Second Home Purchase   C B C A B B A A Non QM Non QM No
223166457 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. The file is missing documentation verifying the borrowers received a copy of the appraisal within [redacted] business days of closing.       Reviewer Comment (2025-04-08): Client elects to waive.
     04/08/2025 2 B B B B B B B B B B   CA Second Home Purchase   C B C A B B A A Non QM Non QM No
223166457 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-04-07): E-Sign Consent Agreement received and updated .Exception cleared


Buyer Comment (2025-04-07): EConsent
 04/07/2025     1 C A C A C A C A C A   CA Second Home Purchase   C B C A B B A A Non QM Non QM No
223166461 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-04-08): E-sign Consent Agreement is missing.


Buyer Comment (2025-04-07): Econsent
 04/08/2025     1 C A C A C A C A C A   AZ Primary Purchase   C A C A A A A A Non QM Non QM No
223166476 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Aged document: Asset Account date is more than [redacted]days prior to Closing. - CoreBridge Financial Life Insurance Statement is more than [redacted] days older than the Note date.       Reviewer Comment (2025-04-10): Only annual statement provided. Deemed acceptable by [redacted].


Reviewer Comment (2025-04-09): Required Account Statement within [redacted]days of Note date. Exception remains.


Buyer Comment (2025-04-08): Please note this is an annual statement from [redacted] and as such, should be acceptable as-is.
 04/10/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A A A A A Non QM Non QM No
223166476 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. HOA/Condo questionnaire fee amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-04-01): Sufficient Cure Provided At Closing
   04/01/2025   1 A A A A A A A A A A   WA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
223166546 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Amount Financed disclosed is $[redacted].  Calculated Amount Financed of $[redacted] . Variance of -$[redacted]. Based on the review discrepancy occurred due to addition of Verification Fee or APR variance of [redacted]%. Calculated APR [redacted]% however APR disclosed is [redacted]%.  TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable       Reviewer Comment (2025-04-11): [redacted] received lender attestation on title-tax cert fee is a one time fee & not life of loan


Buyer Comment (2025-04-09): attestation
 04/11/2025     1 C A C A C A C A C A   NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223166546 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed is $[redacted]. Calculated finance charge is $[redacted]. Variance of -$[redacted]. Based on the review discrepancy occurred due to addition of Verification Fee or APR variance of [redacted]%. Calculated APR [redacted]% however APR disclosed is [redacted]%.  TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable       Reviewer Comment (2025-04-11): [redacted] received lender attestation on title-tax cert fee is a one time fee & not life of loan


Buyer Comment (2025-04-09): attestation
 04/11/2025     1 C A C A C A C A C A   NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
223166546 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Please provide final [redacted]s and Underwriter Income Analysis indicating monthly income amounts used for qualification. Both final [redacted]s and UW income analysis provided do not indicate calculated monthly income.       Reviewer Comment (2025-04-11): This is a no Income, no ratio asset qualifier loan, residual income requirement is met, exception cleared


Buyer Comment (2025-04-09): [redacted]
 04/11/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A C A C A A A Non QM Non QM No
223166547 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Amount financed disclosed as  $[redacted] vs actual amount financed of $[redacted]. Variance of $[redacted].       Reviewer Comment (2025-04-09): Upon further review the Amount Financed was correctly disclosed to consumer


Buyer Comment (2025-04-08): Rebuttal from TRID team
 04/09/2025     1 C A C A C A C A C A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
223166547 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed as $[redacted] vs calculated finance charge is $[redacted]. Variance of [redacted].       Reviewer Comment (2025-04-09): Upon further review finance charge was correctly disclosed to consumer


Buyer Comment (2025-04-09): Rebuttal
 04/09/2025     1 C A C A C A C A C A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A A A C A A A Non QM Non QM Yes
223166595 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title Commitment does not reflect policy coverage amount.       Reviewer Comment (2025-04-11): Supplement report received, Exception Cleared.


Buyer Comment (2025-04-10): Supplemental Report
 04/11/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A A A A A N/A Exempt from ATR No
223168436 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2025-04-09): Appraisal delivery confirmation document received, Exception Cleared.


Buyer Comment (2025-04-07): [redacted] Delivery
 04/09/2025     1 B A B A B A B A B A   SC Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223168438 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed. Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___ Insurance policy effective date is after the disbursement date of [redacted].       Reviewer Comment (2025-04-08): Hazard Insurance Policy Effective Date is within the disbursement date. Exception cleared.


Buyer Comment (2025-04-07): Please see Final Settlement Statement, loan funds disbursed [redacted] policy was effective at disbursement.
 04/08/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
223168438 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data Discrepancy for [redacted]       Reviewer Comment (2025-04-22): Received updated instruction from client. Lease expires in less than a month. Market rents used. Condition cleared.


Buyer Comment (2025-04-18): Please update to align on [redacted]. - Per portal info, [redacted] using old lease[redacted]when there is a vacancy notice by [redacted]and appraisal market rents are $[redacted]/mo, which [redacted] used to qual. Once updated, we should [redacted] @ [redacted]
 04/22/2025     1   A   A   A   A   A   CA Investment Purchase   C A C A     A A   N/A No
223170597 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]   Secondary valuation is missing in file.       Reviewer Comment (2025-04-11): Provided Collateral Desk Review. Exception cleared.


Buyer Comment (2025-04-10): Please see attached
 04/11/2025     1 D A D A D A D A D A   MA Investment Purchase   D A A A     D A   N/A No
223170598 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] [redacted] business days prior to closing, and appraisal was not provided at or before closing. Copy of appraisal is required to be delivered to borrower within[redacted] business days prior to closing.       Reviewer Comment (2025-04-09): Received proof/receipt which confirms copy of appraisal e-mail to borrower from [redacted] business days prior to closing date.Exception Cleared.


Buyer Comment (2025-04-08): Confirmation appraisal was delivered and viewed on [redacted]
 04/09/2025     1 B A B A B A B A B A   TX Primary Purchase   B A A A B A A A Non QM Non QM No
223170599 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: [redacted] not provided   Available Bylaws is not signed by [redacted].       Reviewer Comment (2025-04-15): Received signed Bylaws in trailing docs. Exception cleared.


Buyer Comment (2025-04-15): signed bylaws
 04/15/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223170711 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage is short $[redacted] provide policy reflecting sufficient coverage or replacement cost estimator.       Reviewer Comment (2025-04-09): Received replacement cost estimator document, information validated. Exception Cleared.


Buyer Comment (2025-04-08): RCE
 04/09/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223170757 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-04-11): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-10): Please see attached
 04/11/2025     1 C A C A C A C A C A   MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223170757 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Documentation of listing or letter of intent to sell [redacted] Glenlan Rd was not provided to verify the property was listed for sale.       Reviewer Comment (2025-04-09): Document of listing received, exception cleared.


Buyer Comment (2025-04-07): Letter of intent to sell
 04/09/2025     1 C A C A C A C A C A   MA Primary Purchase   C A C A C A A A Non QM Non QM No
223170757 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four [redacted] business days prior to closing. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2025-04-08): [redacted] received proof of receipt.


Buyer Comment (2025-04-07): LE disclosure
 04/08/2025     1 C A C A C A C A C A   MA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223170757 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing
   04/11/2025   1   A   A   A   A   A   MA Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223170841 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final [redacted]   Final [redacted] application is missing in file.       Reviewer Comment (2025-04-09): Received final [redacted]application for [redacted]and [redacted]. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-08): Full final [redacted]
 04/09/2025     1 C A C A C A C A C A   TN Investment Purchase   C B C B     A A   N/A No
223170841 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved for subject is an intended STR purchase. LTV of [redacted]% is [redacted]% over max [redacted]%. Appraiser has advised he is unable to provide a [redacted]as there are no long term leases in the area and recent guidance from FNMA does not allow the appraiser to use [redacted] for market rents on STR. Requesting exception to allow use of the AMC's STR analysis form in lieu of [redacted]. Borrower has been at primary res for [redacted] yrs and landlord history of [redacted] yrs. Soft pull credit provided initial review reflects [redacted] credit depth of [redacted] years and [redacted] of [redacted] yrs, only derog is on store cc between [redacted]-[redacted] at which time it appears the account was paid and closed. Personal savings used for funds to close & reserves , at intial review borrower has [redacted] months reserves. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with compensating factors.
     04/04/2025 2 B B B B B B B B B B   TN Investment Purchase   C B C B     A A   N/A No
223170841 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to allow use of [redacted]st appraiser's STR analysis @[redacted]%. [redacted]st appraiser STR $[redacted] @[redacted]% = $[redacted]([redacted] [redacted]) and nd appraiser STR $[redacted] @[redacted]% = $[redacted] ([redacted] [redacted]). Hard pull credit has been provided & score increased. PP was increased from $[redacted]MM to $[redacted]MM and LTV reduced to [redacted]%, Verified reserves = [redacted]months Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-10): Client elects to waive with compensating factors.


Buyer Comment (2025-04-08): Please clarify request or clear as exception request and approval in index [redacted]and [redacted]
     04/10/2025 2 C B C B C B C B C B   TN Investment Purchase   C B C B     A A   N/A No
223170848 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test Compliant [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted] Compliant Higher Priced Loan. APR on  Final Disclosure APR of  [redacted]% is  greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.       Reviewer Comment (2025-04-08): Client elects to waive.
     04/08/2025 2 B B B B B B B B B B   MA Primary Refinance - Cash-out - Other No obvious cure B B A A B B A A Non QM Non QM No
223170852 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required. Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] SitusAMC Reviewer Comment (2025-04-09): Client elects to waive with inspection prior to end date.


Buyer Comment (2025-04-08): Please see [redacted]pg [redacted]where appraiser addresses disaster
     04/09/2025 2 C B C B C B C B C B   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223170852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of  [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or .[redacted]).  Non-Compliant High Cost Loan. Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount.       Reviewer Comment (2025-04-23): Received update documentation. Condition cleared.


Buyer Comment (2025-04-21): Lock Form + Email Explanation


Reviewer Comment (2025-04-16): Based on the information we have, the points paid relative to the reduction given results is a [redacted] rate reduction per discount point paid. The client's deal setting, however, is set to [redacted]to consider the discount points as bona fide and excludable.


Buyer Comment (2025-04-14): Undiscounted rate of [redacted]% with Mavent passing using APOR calculation. APOR was not exceeded by over [redacted]%, so points are bona fide up to two points.  [redacted]% bona fide points and not to be included in testing.


Reviewer Comment (2025-04-11): Unable to remove the discount points. Based on the compliance report, the undiscounted interest rate was [redacted]% with [redacted]points for the starting adjusted rate. If this is incorrect, please provide the correct undiscounted interest rate worksheet showing the correct undiscounted interest rate with any points included in starting adjusted rate.


Buyer Comment (2025-04-09): Please remove discount points from testing as they are bona fide. Re-testing without points should clear. Thank you!
 04/23/2025     1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B C B C A A A Non QM Non QM Yes
223170852 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Required asset document to meet the reserve requirement of [redacted] months.       Reviewer Comment (2025-04-09): Received bank statement for account ending [redacted] to cover reserve requirement. Exception cleared.


Buyer Comment (2025-04-08): Reserves
 04/09/2025     1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223170852 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception  provided for unique property type.:***[redacted]- just resubmitting with the loan number to add exception hit pricing*** Brwr lives in [redacted] unit property with ADU (appraisal attached for review) and submitting exception for unique property. Going to be on P&L only doc type. Brwr has been a realtor for over [redacted] years. Brwr has roughly [redacted]K in reserves. Brwr has a [redacted]x[redacted]x[redacted] due to not making mortgage payment during refinance that she thought was getting completed and guided by LO on closing date that never transpired. The emails regarding "closing" and payment late correspond with each other. Had no issues with payment for [redacted] years. Provided current mortgage history and emails from previous LO regarding guidance of closing date that never happened. Also provided explanation from broker/brwr regarding the [redacted] lates from COVID time period. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with comp factors.
     04/04/2025 2 C B C B C B C B C B   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223170852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. ATR failure due to required asset document to meet the reserve requirement of [redacted] months.       Reviewer Comment (2025-04-09): Received bank statement for account ending [redacted] to cover reserve requirement. Exception cleared.


Buyer Comment (2025-04-08): Please see reserves uploaded today
 04/09/2025     1 B A C A B A C A B A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223170852 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. ATR failure due to required asset document to meet the reserve requirement of [redacted] months.       Reviewer Comment (2025-04-09): Received bank statement for account ending [redacted] to cover reserve requirement. Exception cleared.


Buyer Comment (2025-04-08): Please see reserves uploaded today
 04/09/2025     1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223170852 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception  provided for delinquent housing payment.:***[redacted]- just resubmitting with the loan number to add exception hit pricing*** Brwr lives in [redacted] unit property with ADU (appraisal attached for review) and submitting exception for unique property. Going to be on P&L only doc type. Brwr has been a realtor for over [redacted] years. Brwr has roughly [redacted] in reserves. Brwr has a [redacted] due to not making mortgage payment during refinance that she thought was getting completed and guided by LO on closing date that never transpired. The emails regarding "closing" and payment late correspond with each other. Had no issues with payment for [redacted] years. Provided current mortgage history and emails from previous LO regarding guidance of closing date that never happened. Also provided explanation from broker/brwr regarding the [redacted] lates from COVID time period. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with comp factors.
     04/04/2025 2   B   B   B   B   B   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
223170854 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception noted:

Exception [redacted]: The borrower is requesting an exception for mortgage lates in last [redacted] months greater than [redacted]. The borrower had a forebearance ended in [redacted] which reported a [redacted] & [redacted] within the last [redacted] months. Per borrower explanation, borrower had health concerns which caused financial difficulties.
Compensating factors: [redacted] ; Qualifying [redacted] of primary wage earner (Co-borrower) is [redacted] points higher than guideline requirements; [redacted]; Co borrower's Residual Monthly Income = [redacted]; Post close reserves from cash out proceeds is [redacted] months [redacted] (no additional assets provided); Co-borrower has been employed for past [redacted] years at same company; Borrowers have lived in the subject property for [redacted] years.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elected to waive exceptions with compensating factors.
     04/04/2025 2 B B B B B B B B B B   TX Primary Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
223170857 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for [redacted] non-warrantable characteristics. Property is considered a condotel. Commercial space is [redacted] that consists of shops and restaurants. Lastly, the HOA does not meet presale. Please also note the project is not completed (there is a CO for subject unit's building). Lender exception was approved with following conditions: [redacted] LTV Max, [redacted]  DTI Max, Must meet all other condotel requirement, subject to LLPA price adjustment for [redacted] Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with comp factors.
     04/04/2025 2 B B B B B B B B B B   CO Second Home Purchase   C B B B C B A A Non QM Non QM No
223170857 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties [redacted]- Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. [redacted] of [redacted] has not been escrowed in the provided closing disclosure.       Reviewer Comment (2025-04-21): [redacted] received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2025-04-18): Cure Docs


Reviewer Comment (2025-04-11): [redacted]reviewed [redacted].  However, this did not cure this exception.  [redacted]has discussed this specific issue with outside counsel in the past.  We note that [redacted][Escrow Account on page [redacted]] basically refers to [redacted] [Section G on page [redacted]of CD]. In[redacted], the only total that is referenced is the borrower-paid total. Further, it makes sense that the [redacted] disclosure in the CD matches up with the borrower-paid total because we note that the (l)([redacted]) disclosure states "A cushion for the escrow account you [i.e., the borrower] pay for at closing." To permit a total that is both borrower- and non-borrower paid would appear misleading since that would then not be the amount that "you [i.e., the borrower]" is paying.  The exception is graded as an [redacted]instead of an [redacted]given the instructions in the [redacted] Small Entity Compliance Guide.   Page [redacted]of CD reflects seller paid costs in the Initial Escrow payment Section G.


Buyer Comment (2025-04-10): See page [redacted]dated [redacted]has the corrections made per the HOA not being escrowed. Page [redacted] and [redacted]should be correct and it matches the[redacted].
   04/21/2025   2 B B B B B B B B B B   CO Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
223170857 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID[redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no [redacted] was provided to the borrower. Transfer Tax was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file.       Reviewer Comment (2025-04-21): [redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-18): See upload


Reviewer Comment (2025-04-11): [redacted] received [redacted]dated [redacted] for increase but the reason provided is not valid. Please provide information as to what changed circumstance occurred (as defined under [redacted] that resulted in an increase in closing costs or cure is required.


Buyer Comment (2025-04-10): COC
   04/21/2025   2 C B C B C B C B C B   CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
223170859 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requesting exception for Borrower is doing cash-out refinance of investment property. [redacted] is .[redacted]  so max LTV is [redacted] and branch is requesting up to [redacted] Appraisal came in low. Owns multiple investment properties, [redacted] months reserves with cash out, minimal usage of debt, no derogatory credit. Compensating factor with [redacted] points or more above requirement, Reserve [redacted] months more than requirement and Minimal Consumer Debt. Exception Conditions [redacted] LTV Max, Minimum [redacted] .[redacted] , Minimum [redacted] Yr PPP and Subject to meeting all other Signature Expanded guidelines requirements. Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-04): Preapproved exception
     04/04/2025 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. Proof of Appraisal delivery not provided in file.       Reviewer Comment (2025-04-11): Appraisal delivery confirmation received, Exception Cleared.


Buyer Comment (2025-04-10): Proof appraisal delivery
 04/11/2025     1 B A B A B A B A B A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-16): [redacted] received a valid COC.


Buyer Comment (2025-04-15): COC with lock
 04/16/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223170860 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated debt ratio of [redacted] exceeds guideline requirement of total debt ratio of [redacted]  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.


Buyer Comment (2025-04-10): In addition a bridge loan was taken out for prior primary property that is listed for sale. Should not require payments to be included in DTI


Buyer Comment (2025-04-10): Appears the property is listed for sale.


Reviewer Comment (2025-04-09): Exception remains. DTI increased due to monthly payments on REO property at [redacted] [redacted] as no Lease Agreement / Schedule-E is present in file to calculate Rental Income.


Buyer Comment (2025-04-08): Please provide breakdown. DTI reflecting as[redacted] on 1008
 04/11/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to Calculated debt ratio of [redacted] exceeds guideline requirement of total debt ratio of [redacted].  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.
 04/11/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Do Not Address [redacted] ATR Factors Ability to Repay ([redacted]): Guidelines provided do not address all [redacted] factors of ATR. Waterfall due to Calculated debt ratio of [redacted] exceeds guideline requirement of total debt ratio of [redacted].  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.
 04/11/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] significantly exceeds the guideline maximum of [redacted] (DTI Exception requires compelling compensating factors to consider regrading to [redacted] [redacted] due to Calculated debt ratio of [redacted] exceeds guideline requirement of total debt ratio of [redacted].  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.
 04/11/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay ([redacted]): General Ability-to-Repay requirements not satisfied. [redacted] due to Calculated debt ratio of [redacted] exceeds guideline requirement of total debt ratio of [redacted].  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.
 04/11/2025     1 A A A A A A A A A A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170860 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. [redacted] due to Calculated debt ratio of[redacted] exceeds guideline requirement of total debt ratio of [redacted] .  Borrower owns an investment property and payment was excluded ([redacted]) however documentation to support excluding the property liability is not located in the file.       Reviewer Comment (2025-04-11): Property listed for sale listing page provided additional requirement also met to omit departing residence expenses, Exception Cleared.
 04/11/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223170862 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant[redacted]  business days prior to consummation. AVM delivery receipt is missing in file.       Reviewer Comment (2025-04-14): Appraisal delivery receipt received & updated. Exception cleared.


Buyer Comment (2025-04-10): proof of AVM delivery on [redacted]
 04/14/2025     1 B A B A B A B A B A   FL Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223170863 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation.         Reviewer Comment (2025-04-11): Client elects to waive.


Reviewer Comment (2025-04-11): The AVM was provided on [redacted], which is not [redacted]business days prior to closing, exception remains.


Buyer Comment (2025-04-09): appraisal delivery
     04/11/2025 2 B B B B B B B B B B   CT Primary Purchase   B B A A B B A A Non QM Non QM No
223170891 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Violation With Sufficient Cure Provided At Closing [redacted] Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-04): Sufficient Cure Provided At Closing
   04/04/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223171287 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Survey Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Survey Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-15): [redacted] received LOX stating the service was outsourced by the borrower-chosen provider.


Buyer Comment (2025-04-11): Memo, Email, FSS


Reviewer Comment (2025-04-09): [redacted] On all loan estimates fee reflecting as "Title - Survey" and on CD dated [redacted] fee reflecting as Survey. Kindly provide LOE if both the fees are same along with explanation why the fee name changed on CD's or provide Cure Docs. Cure Docs consists of PCCD, LOE, Proof of Mailing and Copy of check.


Buyer Comment (2025-04-08): Survey fee for $[redacted]shows on all Loan Estimates. Please cancel cond.[redacted]
 04/15/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223171366 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-09): Received Business Purpose Certificate document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-09): business cert
 04/09/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
223171366 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for [redacted]<[redacted] at[redacted]. Borrower has owned primary residence for[redacted] years and own  other rental. [redacted] credit score. No mortgage lates. More than [redacted] in asset verified. Exception conditions are Max [redacted], [redacted] [redacted], [redacted] and Subject to meeting all other Signature Expanded guideline requirements. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-04): Preapproved exception
     04/04/2025 2 B B B B B B B B B B   FL Investment Purchase   C B C B     A A   N/A No
223171378 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Title Preliminary Report in the file doesn't disclose the total Policy coverage amount.  Provide evidence of title with sufficient policy coverage.       Reviewer Comment (2025-04-14): Received Title Preliminary which confirmed the Proposed Insured amount. Exception cleared.


Buyer Comment (2025-04-10): Proposed Insured


Reviewer Comment (2025-04-09): Escrow instructions cannot be considered for this. Require updated title prelim with correct coverage amount or Final Title with correct coverage amount. Exception remains.


Buyer Comment (2025-04-08): Please see [redacted] pg [redacted]amended escrow instructions showing lender's loan amount at $[redacted]matching loan amount
 04/14/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A B A A A Non QM Non QM No
223171378 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted] Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant t[redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-04-10): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-04-08): Please see [redacted] pg [redacted]as proof of receipt of appraisal
 04/10/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A B A A A Non QM Non QM No
223171381 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for property being rural in nature.
 
Compensating factors noted:
Loan to Value [redacted] or more under requirement.
[redacted]points or more above requirement.
[redacted] or greater.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-04): preapproved exception
     04/04/2025 2 B B B B B B B B B B   MI Investment Purchase   B B B B     A A   N/A No
223171382 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Final Closing Disclosure Escrowed Property Costs Year [redacted] Underdisclosed - [redacted] [redacted] - Loan Disclosures: Escrowed Property Costs over Year [redacted] of[redacted] on Final Closing Disclosure provided on [redacted] are underdisclosed. Final Closing disclosure its reflecting Estimated Escrow on [redacted] as [redacted]. However, in Closing disclosure [redacted] Estimated Escrow is [redacted]       Reviewer Comment (2025-04-09): Cured on [redacted] prior to reporting


Buyer Comment (2025-04-08): LOX
   04/09/2025   2 C B C B C B C B C B   TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
223171382 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed Test [redacted] - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. Final CD seller fees: [redacted]. Seller CD seller fees: [redacted]       Reviewer Comment (2025-04-09): cured on [redacted]prior to reporting


Buyer Comment (2025-04-08): Please reach out to the [redacted] to get clarification on the condition below, the seller fee listed on the final CD and the seller CD match so its not clear what documents this information listed in the condition is being pulled from.   Thanks
   04/09/2025   2 C B C B C B C B C B   TX Primary Purchase Provide the following: Letter of Explanation notifying borrower or error and Corrected CD C B A A C B A A Non QM Non QM Yes
223171383 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for[redacted] vs [redacted], [redacted] Vs [redacted], Reserves [redacted] ([redacted][redacted]) Vs [redacted] ([redacted]) Required, The [redacted]is [redacted]. ****Exception Needed Borrower paid off Lien that was on title for subject in Cash. Lender exception was approved with the following conditions: [redacted] [redacted] [redacted] , [redacted] Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-04): Preapproved exception
     04/04/2025 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223171386 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-09): Exception Cleared, received Final Title Policy.
 04/09/2025     1 A A A A A A A A A A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-04-09): Exception Cleared, received Final Title Policy.


Buyer Comment (2025-04-08): Title policy
 04/09/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) [redacted]Valuations Rule ([redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2025-04-09): Exception Cleared; Proof of Appraisal delivery document is received.


Buyer Comment (2025-04-07): Appraisal Receipt
 04/09/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay ([redacted]): The Qualification Method used by the lender does not match the ATR payment calculation methods under [redacted]         Reviewer Comment (2025-04-10): Listing document updated correctly for REO property. Exception cleared.


Buyer Comment (2025-04-08): Please inquire with investor why does dti of [redacted]exceed guideline.
General Ability To Repay Provision Investor Qualification Method not Matching ATR.
*Check Loan Designation Match - ATR Risk
General Ability To Repay Provision Non QM DTI [redacted] Guidelines
 04/10/2025     1 B A B A B A B A B A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2025-04-10): Listing document updated correctly for REO property. Exception cleared.


Buyer Comment (2025-04-08): Please inquire with investor why does dti of [redacted]exceed guideline.

 

*General Ability To Repay Provision Investor Qualification Method not Matching ATR.

 

*Check Loan Designation Match - ATR Risk

 

*General Ability To Repay Provision Non QM DTI moderately exceeds Guidelines
 04/10/2025     1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A B A C A A A Non QM Non QM Yes
223171386 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Non QM DTI moderately exceeds Guidelines Ability to Repay ([redacted]): The DTI calculated in accordance with the [redacted]) of[redacted] moderately exceeds the guideline maximum of [redacted] ([redacted]Exception is eligible to be regraded with compensating factors.)         Reviewer Comment (2025-04-10): Listing document updated correctly for REO property. Exception cleared.


Buyer Comment (2025-04-08): Please inquire with investor why does dti of [redacted] exceed guideline.

 

*General Ability To Repay Provision Investor Qualification Method not Matching ATR.

 

*Check Loan Designation Match - ATR Risk

 

*General Ability To Repay Provision Non QM DTI [redacted] Guidelines


Buyer Comment (2025-04-08): Please inquire with investor why does dti of [redacted] exceed guideline.

 

*General Ability To Repay Provision Investor Qualification Method not Matching ATR.

 

*Check Loan Designation Match - ATR Risk

 

*General Ability To Repay Provision Non QM DTI moderately exceeds Guidelines
 04/10/2025     1 C A C A C A C A C A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data discrepancy for [redacted].       Reviewer Comment (2025-04-22): Cleared. FICO confirmed[redacted]


Buyer Comment (2025-04-21): FICO in our system matches with yours at [redacted].  Was updated last week, should clear the next data sweep.
 04/22/2025     1   A   A   A   A   A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data Discrepancy for [redacted].       Reviewer Comment (2025-04-22): Cleared. DTI confirmed to match.


Buyer Comment (2025-04-21): PITI adjusted in our system to reflect DTI of [redacted] using the fully amortizing payment after the end of the IO period per guides
 04/22/2025     1   A   A   A   A   A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171386 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Data Discrepancy for [redacted].       Reviewer Comment (2025-04-22): Cleared. DTI confirmed to match.


Buyer Comment (2025-04-21): updated 1008


Buyer Comment (2025-04-21): Not applicable
 04/22/2025     1   A   A   A   A   A   CA Primary Purchase   C A B A C A A A Non QM Non QM No
223171388 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Borrower pays cash for current residence rents in the amount of [redacted]. Pending fully executed copy of the lease. Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Residual Income $[redacted]k or more

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Originator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with compensating factors.
     04/04/2025 2 B B B B B B B B B B   AZ Primary Purchase   B B B B A A A A Non QM Non QM No
223171454 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The discount points increased due to a change in loan amount.  A valid change of circumstance or a sufficient cure to the borrower was not provided.       Reviewer Comment (2025-04-15): [redacted] received valid COC dated [redacted].


Buyer Comment (2025-04-11): COC and LOCK
 04/15/2025     1 C A C A C A C A C A   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223171459 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ The homeowner's insurance declarations page in the file verified an effective date of [redacted] which is after the consummation date of [redacted],  Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation.       Reviewer Comment (2025-04-09): Policy effective date & the disbursement date is same, exception cleared.


Buyer Comment (2025-04-07): The HO6 policy is effective [redacted]at [redacted] AM, the loan funded [redacted]. Why would that not be sufficient? Additionally, the master policy is walls-in coverage with an effective date of [redacted]. This condition is invalid, please cancel.
 04/09/2025     1 C A C A C A C A C A   FL Second Home Purchase   C B C A C B A A Non QM Non QM No
223171459 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Final Closing Disclosure Amount Financed Test [redacted] - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted]  is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Amount Financed disclosed is [redacted]  Calculated Amount Financed of[redacted] . Variance of [redacted]. Based on the review discrepancy occurred due to addition of Verification Fee or APR variance of [redacted]. Calculated [redacted] however APR disclosed is [redacted]  TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable       Reviewer Comment (2025-04-17): [redacted]received PCCD, LOE, Copy of Refund Check and Proof of Mailing.


Buyer Comment (2025-04-16): Please see attached


Reviewer Comment (2025-04-16): HOA transaction management fee in the amount of $[redacted]is still present in section C.  Please provide LOA explaining fee purpose, and corrected [redacted]for review.


Buyer Comment (2025-04-14): See attached
   04/17/2025   2 C B C B C B C B C B   FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
223171459 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Final Closing Disclosure Finance Charge [redacted] - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed is [redacted].  Calculated finance charge is [redacted]. Variance of [redacted]. Based on the review discrepancy occurred due to addition of Verification Fee or APR variance of [redacted]. Calculated [redacted] however APR disclosed is [redacted].  TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable       Reviewer Comment (2025-04-17): [redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing.


Reviewer Comment (2025-04-16): HOA transaction management fee in the amount of $[redacted]is still present in section C.  Please provide LOA explaining fee purpose, and corrected [redacted]for review.


Buyer Comment (2025-04-14): Please see attached
   04/17/2025   2 C B C B C B C B C B   FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
223171459 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Tolerance Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for [redacted]/[redacted] Questionnaire.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. [redacted]/[redacted] Questionnaire ([redacted]) was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-17): Fee moved to section H


Reviewer Comment (2025-04-15): [redacted] received [redacted]and LOE, but HOA transaction fee was not moved to section H. Please provide corrected [redacted]to re-valuate the exception.


Buyer Comment (2025-04-14): See attached


Reviewer Comment (2025-04-14): [redacted]received LOE. If fee was not required, it should be listed in section H instead of section C.  Corrected CD and LOE required to remediate.


Buyer Comment (2025-04-10): Please see attached
 04/17/2025     1 C A C A C A C A C A   FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223171459 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Administration Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Administration Fee was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted] a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-15): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-14): Please see attached
   04/15/2025   2 C B C B C B C B C B   FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
223171459 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate [redacted]: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. [redacted] does not match escrow amounts.       Reviewer Comment (2025-04-23): Initial Escrow Account Disclosure statement received, exception cleared.


Buyer Comment (2025-04-21): Please see attached
 04/23/2025     1   A   A   A   A   A   FL Second Home Purchase If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.		 C B C A C B A A Non QM Non QM Yes
223171502 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points. Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-16): [redacted] received a valid COC.


Buyer Comment (2025-04-15): [redacted] Cure
 04/16/2025     1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
223171502 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title - Courier / Express Mail / Messenger Fee Fee was last disclosed as [redacted] on Loan Estimate but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-16): [redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-15): COCs
   04/16/2025   2 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
223171502 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to waive requirement of [redacted] verification of rent. Borrower purchase primary home living in ([redacted]) [redacted]. So we have management history to [redacted] with no mortgage lates, though management statement reflects lates with no fees. meaning two payment are due each month but the past month payment is being paid just in time for not late to be required on account. prior to [redacted] through the remaining [redacted] months required , we have the [redacted]  from the borrower explaining cash being paid to mother in law. Lender exception was approved with the following conditions: [redacted], [redacted], Housing history from current mortgage [redacted] . ([redacted] through [redacted]) Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with comp factors.
     04/04/2025 2 B B B B B B B B B B   TX Primary Purchase   C B B B C B A A Non QM Non QM No
223171507 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2025-04-17): Cleared. Received lender correspondence confirming extending replacement coverage as noted on the [redacted][redacted].


Reviewer Comment (2025-04-15): Exception remains. Hazard Policy does not state '[redacted]'. Need Hazard Insurance Policy with sufficient coverage.


Buyer Comment (2025-04-14): See page [redacted]. HOI states extended replacement cost at [redacted]%. [redacted]*[redacted]= $[redacted]. See email upload as well.


Reviewer Comment (2025-04-09): As per [redacted] amount is $[redacted]and actual coverage as per hazard insurance is $[redacted]. So, there is shortfall of $[redacted]. Exception remains.


Buyer Comment (2025-04-08): Please waived. See RCE on page [redacted][redacted]
 04/17/2025     1 C A C A C A C A C A   ID Primary Purchase   C A C A A A A A Non QM Non QM No
223171508 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]  business days prior to consummation. Appraisal timing waiver not provided       Reviewer Comment (2025-04-10): Client elects to waive.


Reviewer Comment (2025-04-09): Exception remains: Requirement not met, [redacted]business days prior to closing would be [redacted] Appraisal delivery date is [redacted]


Buyer Comment (2025-04-07): Appraisal delivery
     04/10/2025 2 B B B B B B B B B B   FL Primary Purchase   B B A A B B A A Non QM Non QM No
223171512 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Violation Without Sufficient Cure Provided [redacted]: [redacted] Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Valid change of circumstance or sufficient cure is missing.       Reviewer Comment (2025-04-11): [redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-09): [redacted] for $[redacted]is already listed on the final CD in Sec [redacted].--see [redacted]page [redacted]---please cancel condition
 04/11/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223171512 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted] Violation With Sufficient Cure Provided At Closing [redacted]: [redacted] Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing
   04/11/2025   1   A   A   A   A   A   FL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223171568 [redacted] [redacted]   XXXX     Credit System General System Flood Certificate Subject Address does not match Note address.   Note reflects property address "[redacted]" and Flood Cert reflects "[redacted]".       Reviewer Comment (2025-04-11): Received flood cert with corrected address. Exception cleared.


Buyer Comment (2025-04-09): Flood Cert
 04/11/2025     1 C A C A C A C A C A   AR Investment Purchase   C B C B     A A   N/A No
223171568 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note reflects property address "[redacted]" and Appraisal Report and Desk Review reflect "[redacted]".       Reviewer Comment (2025-04-17): Received [redacted] and CDA with corrected property address. Exception cleared.


Buyer Comment (2025-04-15): Appraisal address updated.
 04/17/2025     1 C A C A C A C A C A   AR Investment Purchase   C B C B     A A   N/A No
223171568 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided at origination for borrower requesting to purchase an investment property utilizing [redacted] to qualify at an [redacted] loan amount. Lender exception was approved with the following [redacted], [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-04): preapproved exception
     04/04/2025 2 B B B B B B B B B B   AR Investment Purchase   C B C B     A A   N/A No
223171865 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception at origination for Unique property with large [redacted] and bed/bath count [redacted]-resubmitting with actual appraised value of [redacted] and [redacted] resubmitting for additional consideration for [redacted] reflected on credit***We have a [redacted] property in [redacted] that is highly sought after and regularly rented. The Dome aspect of its design is part of the [redacted] experience. Short Term rents accounted for over [redacted] in gross rents collected in [redacted]. The borrower owns rental properties in [redacted] (area),[redacted] and the subject in [redacted], as well as a primary residence in [redacted]. She has a solid history of owning and renting very popular properties in unique setting where people are interested in vacationing. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The [redacted] ([redacted]) is greater than the guideline requirement by [redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with compensating factors.
     04/04/2025 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223171868 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   File is missing a copy of the final title policy.       Reviewer Comment (2025-04-08): Title policy document received - Exception Cleared.


Buyer Comment (2025-04-08): Title
 04/08/2025     1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
223171875 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception to allow rental payment history with docs in file (Note: [redacted] from [redacted] will be signed). Borrower has been renting at [redacted], [redacted] for several years. No [redacted] in place. We have an [redacted] from [redacted] that states the arrangement and how he was paid. Jus received confirmation that past [redacted] months of rent payments were paid in cash. Lender exception was approved with the following conditions: The exception was approved with [redacted]LTV. Max [redacted], Provide supporting documentation [redacted] & [redacted] have ownership of the property located at [redacted] , [redacted] [redacted].,Subject to meeting all other Signature expanded guideline requirements. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has been employed in the Same industry for more than [redacted] years.

Residual Income $[redacted]k or more

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Originator,SitusAMC

Originator,SitusAMC

SitusAMC

Originator,SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-04-04): Client elects to waive with compensating factors.
     04/04/2025 2 B B B B B B B B B B   UT Primary Purchase   B B B B A A A A Non QM Non QM No
223171878 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-04-22): Received Title Supplemental report in the file. Exception Cleared.


Buyer Comment (2025-04-18): Supplemental


Reviewer Comment (2025-04-10): No new document received. Document on page number is an escrow instruction which has loan amount mentioned on it. Provide preliminary title policy with title coverage amount. Exception remains.


Buyer Comment (2025-04-09): Please see [redacted] pg [redacted] for amended escrow instructions showing loan policy amount matching loan amount
 04/22/2025     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
223171938 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower has a long history of owning rental property. The property was already purchased, and rehabbed. Loan is [redacted] to payoff original lender. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-04-04): Client elected to waive exceptions with compensating factors.
     04/04/2025 2 B B B B B B B B B B   WA Investment Refinance - Rate/Term   B B B B     A A   N/A No
223172434 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing in the file.       Reviewer Comment (2025-04-14): Received good standing for borrowing business entity. Exception cleared.


Buyer Comment (2025-04-10): Please see attached
 04/14/2025     1 C A C A C A C A C A   AL Investment Purchase   C A C A     A A   N/A No
223179413 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation   Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-04-09): Received proof/receipt which confirms copy of appraisal e-mail to borrower from [redacted] business days prior to closing date. Exception Cleared.


Buyer Comment (2025-04-08): Appraisal sent
 04/09/2025     1 B A B A B A B A B A   FL Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223179413 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  [redacted] Documents are missing. - The Mortgage Statement for the [redacted]  is not located in the file.       Reviewer Comment (2025-04-09): Received First payment letter, insurance, tax cert, for REO property "[redacted]", information validated. Exception Cleared.


Buyer Comment (2025-04-08): Property docs
 04/09/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223179695 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. [redacted] on subject loan of [redacted]  or Final Disclosure [redacted] of[redacted] is equal to or greater than the threshold of [redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan       Reviewer Comment (2025-04-15): Received original appraisal. Condition cleared.


Buyer Comment (2025-04-11): Original Appraisal and sure receipt. It looks like you are missing the original appraisal report. The one you have is the revised to add the [redacted] info on it.


Reviewer Comment (2025-04-11): Received evidence of the appraisal being sent to the borrower on [redacted], however the date the borrower received the report was not provided.


Buyer Comment (2025-04-09): Please refer to the appraisal waiver, the borrower waived their rights so the appraisal was provided the day of closing. See Doc[redacted]


Reviewer Comment (2025-04-09): Appraisal was not received ([redacted]) business days prior to consummation.


Buyer Comment (2025-04-08): This is a High Priced Transaction please cancel cond
 04/15/2025     1 C A C A C A C A C A   NJ Primary Purchase   C B A A C B A A Non QM Non QM No
223179695 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Revised Appraisal report dated [redacted] is missing evidence of receipt.       Reviewer Comment (2025-04-15): Received original appraisal. Condition cleared.


Reviewer Comment (2025-04-14): Received Preliminary appraisal receipt dated[redacted] which is already in file. Require evidence that the borrower received a copy of appraisal dated [redacted] at least [redacted] business days prior to closing. Exception remains


Buyer Comment (2025-04-11): see uploaded


Reviewer Comment (2025-04-11): Received evidence of the appraisal being sent to the borrower on [redacted], however the date the borrower received the report was not provided.


Buyer Comment (2025-04-09): Please refer to the appraisal waiver, the borrower waived their rights so the appraisal was provided the day of closing. See Doc [redacted]


Reviewer Comment (2025-04-09): Appraisal was not received ([redacted]) business days prior to consummation.


Buyer Comment (2025-04-08): Appraisal Delivery
 04/15/2025     1 C A C A C A C A C A   NJ Primary Purchase   C B A A C B A A Non QM Non QM No
223179695 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Revised Loan Estimate Timing Before Closing [redacted]: Revised Loan Estimate provided on [redacted]not received by borrower at least four [redacted] business days prior to closing. Revised Loan Estimate provided on [redacted] is missing evidence of receipt at least [redacted] business days prior to closing.       Reviewer Comment (2025-04-09): [redacted] received proof of receipt.


Buyer Comment (2025-04-08): LE Receipt
 04/09/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
223179695 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) [redacted] Valuations Rule ([redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-09): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-04-08): Please see uploaded doc
 04/09/2025     1 B A B A B A B A B A   NJ Primary Purchase   C B A A C B A A Non QM Non QM No
223179695 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) [redacted] Appraisal Rule ([redacted]): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation.         Reviewer Comment (2025-04-17): Client elects to waive without compensating factors.


Reviewer Comment (2025-04-17): The issue is the updated report was not provided to the borrower at least [redacted] business days prior to closing. This is an [redacted] exception and may be waived by client.


Buyer Comment (2025-04-15): This was already provided. See DOC ID [redacted] pg [redacted]
     04/17/2025 2   B   B   B   B   B   NJ Primary Purchase   C B A A C B A A Non QM Non QM No
223180070 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] business days prior to closing. Revised Loan Estimate provided on [redacted]  not received by borrower at least [redacted] business days prior to closing       Reviewer Comment (2025-04-09): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-04-08): LE delivery
 04/09/2025     1 C A C A C A C A C A   SD Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223180092 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception at origination for Expanded [redacted] - Borrowers meet credit requirements. The both own their primary residence. Plenty of funds to cover cash to [redacted]. [redacted] is [redacted] - we don't have the appraisal in yet, but [redacted] must be [redacted] at current [redacted]. Requesting an exception for loan amount being under [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-07): Client elects to waive with compensating factors.
     04/07/2025 2 B B B B B B B B B B   IL Investment Purchase   B B B B     A A   N/A No
223180192 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  [redacted] Documents are missing.   Unable to verify [redacted] for following [redacted]:       Reviewer Comment (2025-04-17): P&I amount verified and updated from Credit supplement. Exception cleared.


Buyer Comment (2025-04-16): Credit Sup


Reviewer Comment (2025-04-09): Received CD([redacted]) is showing[redacted]as "$[redacted]" however Final 1003 is showing [redacted] as "$[redacted]" for REO property as "[redacted]". Final CD is needed. Exception Remains.


Buyer Comment (2025-04-08): [redacted]
 04/17/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223180194 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Evidence of borrower receipt was not found in file.       Reviewer Comment (2025-04-09): Initial Escrow account disclosure received. Exception Cleared.


Buyer Comment (2025-04-08): Initial Escrow Account
 04/09/2025     1 B A B A B A B A B A   IL Second Home Purchase   B A A A B A A A Non QM Non QM No
223180195 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower has requested as exception for Seller Credit exceeding [redacted] on [redacted].
Exception conditions:
- Maximum [redacted]
- Minimum [redacted]
- Maximum [redacted]
- Subject to meeting all signature Expanded guideline requirements
Exception has been approved with compensating factor - Both applicants have a [redacted]  is required on a [redacted] full doc loan.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-07): Client elected to waive exceptions with compensating factors.
     04/07/2025 2 B B B B B B B B B B   NV Primary Purchase   C B B B C A A A Non QM Non QM No
223180195 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule ([redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]  business days prior to consummation. Appraisal delivery receipt is missing in file for Appraisal report dated [redacted]       Reviewer Comment (2025-04-09): Proof of Appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-08): Appraisal Delivery
 04/09/2025     1 B A B A B A B A B A   NV Primary Purchase   C B B B C A A A Non QM Non QM No
223180195 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Appraisal delivery receipt is missing in file       Reviewer Comment (2025-04-09): Proof of Appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-08): see uploaded
 04/09/2025     1 C A C A C A C A C A   NV Primary Purchase   C B B B C A A A Non QM Non QM No
223180195 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) [redacted] HPML Appraisal Rule[redacted] Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal delivery receipt is missing in file for Appraisal report dated [redacted]       Reviewer Comment (2025-04-09): Proof of Appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-08): see uploaded
 04/09/2025     1 C A C A C A C A C A   NV Primary Purchase   C B B B C A A A Non QM Non QM No
223180195 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception [redacted]: Maximum seller contribution [redacted]% - the total of financing contributions may not exceed the lesser of the total closing costs, required prepaids and escrows Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-07): Client elected to waive exceptions with compensating factors.
     04/07/2025 2 B B B B B B B B B B   NV Primary Purchase   C B B B C A A A Non QM Non QM No
223180197 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test Compliant [redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted] + [redacted%, or [redacted] Compliant Higher Priced Loan. APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan.       Reviewer Comment (2025-04-10): Client elects to waive.


Buyer Comment (2025-04-08): This is a high price loan please cancel cond
     04/10/2025 2 B B B B B B B B B B   MA Primary Refinance - Rate/Term No obvious cure B B A A B B A A Non QM Non QM No
223180197 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID  [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing       Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing
   04/03/2025   1 A A A A A A A A A A   MA Primary Refinance - Rate/Term Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted] Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation.         Reviewer Comment (2025-04-10): Client elects to waive.


Reviewer Comment (2025-04-10): Exception remains, Appraisal provided on [redacted] which is provided on Closing date [redacted], Please provide Borrower acknowledgment receipt of valuation [redacted]days prior to Closing.


Buyer Comment (2025-04-08): appraisal delivery
     04/10/2025 2 B B B B B B B B B B   TN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted], or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2025-04-09): Received Appraisal delivery receipt dated [redacted]. Exception cleared.
 04/09/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Title - Lender's Title Insurance was last disclosed as $[redacted] on LE but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-15): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-11): lox, check, label and [redacted]
   04/15/2025   2 C B C B C B C B C B   TN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID  [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Transfer Tax was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-11): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-10): ** Invalid [redacted] for $[redacted]listed on Final CD **
 04/11/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-09): Received Appraisal delivery receipt dated[redacted]. Exception cleared.


Buyer Comment (2025-04-08): see uploaded
 04/09/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
223180220 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. Exception remains, Appraisal provided on [redacted] which is provided on Closing date[redacted] Please provide Borrower acknowledgment receipt of valuation [redacted] days prior to Closing.       Reviewer Comment (2025-04-10): Client elects to waive.
     04/10/2025 2   B   B   B   B   B   TN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
223180245 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request Title has confirmed that the [redacted] restrict drilling for oil & Gas within the entire subdivision. UW has condition for Title endorsement to insure against losses due to surface entry. We are utilizing landlord history waiver on his one with passing results on [redacted]worksheet. Loan has [redacted] months of post-closing reserves, borrower owns primary residence for [redacted]years and it is superior to subject in value and size. Lender exception was approved with following conditions: Max [redacted] LTV, Min [redacted][redacted], No PPP, confirm that there is no active drilling, Title endorsement to insure against losses due to surface entry. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-07): Client elects to waive with compensating factors.
     04/07/2025 2 B B B B B B B B B B   TX Investment Purchase   B B B B     A A   N/A No
223180259 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception - NON-Warrantable due to single entity ([redacted]) still owns [redacted]of the [redacted]units. The single entity is current on all their HOA dues. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-10): Lender elected to waive.


Buyer Comment (2025-04-08): Please clarify what is required to clear or cancel condition
     04/10/2025 2 C B C B C B C B C B   AZ Second Home Purchase   C B C B A A A A Non QM Non QM No
223180259 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-04-08): E-Sign Consent Agreement document received - Exception Cleared.


Buyer Comment (2025-04-08): econsent confirmation
 04/08/2025     1 C A C A C A C A C A   AZ Second Home Purchase   C B C B A A A A Non QM Non QM No
223180269 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was approved at origination to use [redacted] with market score of [redacted], Occupancy of [redacted]%. Borrower owns [redacted]rental property. Does not own his current primary residence. He lives rent free for [redacted] years. He has a [redacted] -year mortgage history with no late payments. Current rental is serviced by [redacted] with a perfect [redacted] year perfect pay history. Has a [redacted]-year credit history with a perfect pay history. Assets: $[redacted] leaving $[redacted] and [redacted]months for reserves. Lender exception was approved with following conditions: Max [redacted]% LTV, minimum .[redacted], min [redacted]year PPP. Unable to downgrade and waive as the lender approval required a [redacted]year PPP, however only a [redacted] year PPP was issued. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-18): Client elects to waive with compensating factors.


Buyer Comment (2025-04-16): see uploaded exception and exception request removing PPP condition back on [redacted]


Reviewer Comment (2025-04-14): The lender approval for the requested exception reflects a [redacted]yr PPP is required. The loan only contains a [redacted]year PPP. Loan would either need an updated lender exception approval reflecting the [redacted]year PPP is acceptable for the lender exception or an updated [redacted]year PPP would need to be obtained on the loan.


Buyer Comment (2025-04-10): please clarify what is required or please clear condition
     04/18/2025 2 C B C B C B C B C B   VT Investment Purchase   C B C B     A A   N/A No
223180273 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for properties Recently Listed for Sale. Exception request for eligibility of subject property. The subject is a legally zoned [redacted]bd/[redacted]ba SFR located in an suburban area with public utilities. The subject was originally listed on [redacted] for [redacted], then reduced on [redacted] to [redacted]. Listing was removed on [redacted], and the application date is [redacted], so the subject was NOT delisted prior to application. A supportive CDA is on file. Compensating Factors: Properties Recently Listed for Sale Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-07): Client elected to waive exceptions with compensating factors.
     04/07/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223180273 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-14): Final title policy Provided Exception Cleared


Buyer Comment (2025-04-11): updated title
 04/14/2025     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223180274 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception Request: Debt Ratio. Requesting to permit a [redacted][redacted]% LTV.
Our borrower is requesting to purchase an investment property utilizing [redacted] to qualify at an [redacted]% LTV and [redacted][redacted]. Section [redacted]requires a minimum [redacted]of [redacted]for an LTV above [redacted]%.*** Comments from the LO: We are requesting an exception for this file regarding the [redacted]ratio, which is currently at [redacted], requiring an LTV of [redacted]%. If possible, we would like to keep the LTV at [redacted]%.		       Reviewer Comment (2025-04-07): Lender exception was not required. Borrower increased down payment to bring up [redacted].
 04/07/2025     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
223180277 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-04-10): Exception Cleared, Preliminary Appraisal report on [redacted] is received.


Buyer Comment (2025-04-08): appraisal delivery
 04/10/2025     1 B A B A B A B A B A   NV Primary Purchase   B A A A B A A A Non QM Non QM No
223180278 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-04-14): [redacted] Business Purpose Certificate is provided. Exception cleared.


Buyer Comment (2025-04-10): Business Cert
 04/14/2025     1 C A C A C A C A C A   NH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223180283 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Approval is missing.       Reviewer Comment (2025-04-09): [redacted]document received - Exception Cleared.


Buyer Comment (2025-04-08): approval
 04/09/2025     1 C A C A C A C A C A   MN Primary Purchase   C B C B B A A A Non QM Non QM No
223180283 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. Copy of appraisal is required to be delivered to borrower within [redacted]business days prior to closing.       Reviewer Comment (2025-04-14): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-04-10): appraisal delivery


Reviewer Comment (2025-04-10): Delivery proof provided is of Desk Review, require proof of primary appraisal [redacted]. Exception Remains.


Buyer Comment (2025-04-08): Proof appraisal delivery
 04/14/2025     1 B A B A B A B A B A   MN Primary Purchase   C B C B B A A A Non QM Non QM No
223180283 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided.       Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing
   04/03/2025   1 A A A A A A A A A A   MN Primary Purchase Final CD evidences Cure C B C B B A A A Non QM Non QM Yes
223180283 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request [redacted]month Banks statement Loan. Low DTI with no Consumer debt only mortgage rating for over [redacted]month with no Lates. Excellent credit history with high FICO of [redacted]. Appraisal has not been received used information from sales contract. Lender exception was approved with following counteroffered Max LTV of [redacted]%, Satisfactory appraisal confirming no income or agricultural use The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-07): Client elects to down grade and waive using compensating factors:
Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]
Representative DTI: [redacted]%
Guideline Maximum DTI: [redacted]%
     04/07/2025 2 B B B B B B B B B B   MN Primary Purchase   C B C B B A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted]& [redacted] [redacted].       Reviewer Comment (2025-04-11): Cleared. Transaction history on identifiable bank printout for the months of [redacted] is located in the file.


Buyer Comment (2025-04-10): Please see Doc ID [redacted]pg [redacted]


Reviewer Comment (2025-04-09): [redacted] months bank statement required to qualify income; [redacted] statement is still missing. Loan closed is [redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted]and [redacted]? The loan closed in [redacted]so there wouldn't have been a [redacted]statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted]or [redacted]months of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted]& [redacted] [redacted].       Reviewer Comment (2025-04-11): Cleared. Transaction history is located in the file.


Reviewer Comment (2025-04-11): [redacted] is transaction summary, Require complete monthly statement confirming deposits & withdrawals. Exception remains.


Buyer Comment (2025-04-10): Please see Doc ID [redacted]pg [redacted]


Reviewer Comment (2025-04-09): [redacted] months bank statement required to qualify income; [redacted] statement is still missing. Loan closed is[redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted] and [redacted] ? The loan closed in [redacted]so there wouldn't have been a [redacted] statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted]or [redacted]months of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted]& [redacted] [redacted].       Reviewer Comment (2025-04-11): Cleared. Transaction history is located in the file.


Reviewer Comment (2025-04-11): [redacted] is transaction summary, Require complete monthly statement confirming deposits & withdrawals. Exception remains.


Buyer Comment (2025-04-10): Please see Doc ID [redacted]


Reviewer Comment (2025-04-09): [redacted] months bank statement required to qualify income;[redacted] statement is still missing. Loan closed is [redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted] and [redacted] ? The loan closed in [redacted]so there wouldn't have been a [redacted]statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted] or vmonths of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. [redacted] exception due to missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted] & [redacted] [redacted].       Reviewer Comment (2025-04-11): Complete transaction history is located in the file.


Reviewer Comment (2025-04-11): [redacted] is transaction summary, Require complete monthly statement confirming deposits & withdrawals. Exception remains.


Buyer Comment (2025-04-10): Please see Doc ID [redacted]


Reviewer Comment (2025-04-09): [redacted]months bank statement required to qualify income;[redacted] statement is still missing. Loan closed is [redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted] and [redacted]? The loan closed in [redacted] so there wouldn't have been a [redacted] statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted]or [redacted]months of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 B A C A B A C A B A   NY Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223180290 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted] exception due to missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted]& [redacted] [redacted].       Reviewer Comment (2025-04-11): Transaction history located in the file.


Reviewer Comment (2025-04-11): [redacted]is transaction summary, Require complete monthly statement confirming deposits & withdrawals. Exception remains.


Buyer Comment (2025-04-10): Please see Doc ID [redacted]


Reviewer Comment (2025-04-09): [redacted] months bank statement required to qualify income; [redacted] statement is still missing. Loan closed is [redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted]and [redacted]? The loan closed in [redacted]so there wouldn't have been a [redacted]statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted]or [redacted]months of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[redacted] not received by borrower at least [redacted] business days prior to closing. Loan Estimate provided on [redacted] not received by borrower at least [redacted] business days prior to closing.       Reviewer Comment (2025-04-09): [redacted]received proof of receipt.


Buyer Comment (2025-04-08): [redacted]
 04/09/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
223180290 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-04): Sufficient Cure Provided At Closing
   04/04/2025   1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223180290 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. [redacted] exception due to missing business bank statement #[redacted]used for income qualification for the month of [redacted] [redacted]& [redacted] [redacted].       Reviewer Comment (2025-04-11): Complete transaction history is located in the file.


Reviewer Comment (2025-04-11): [redacted] is transaction summary, Require complete monthly statement confirming deposits & withdrawals. Exception remains.


Buyer Comment (2025-04-10): Please see Doc [redacted]


Reviewer Comment (2025-04-09): [redacted] months bank statement required to qualify income; [redacted] statement is still missing. Loan closed is [redacted]. Exception Remains.


Buyer Comment (2025-04-08): What is the need for [redacted]and [redacted]? The loan closed in [redacted]so there wouldn't have been a [redacted]statement prior to close. We have plenty of statements to meet the requirements: Business Bank Statements
Provide the most recent [redacted]or [redacted]months of business bank statements. Multiple accounts may be used however the
same calculation method must be applied across all accounts provided. The Applicant(s) combined must own [redacted]%
or more of the business to utilize business bank statements.
 04/11/2025     1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
223181354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] days of application.         Reviewer Comment (2025-04-16): Provided date verified from ARM disclosure and received document. Exception cleared.


Buyer Comment (2025-04-15): The document was sent on the [redacted], but borrowers didn't all sign or view until the [redacted].


Reviewer Comment (2025-04-14): Reviewed all trailing documentation lender provided. The application date was [redacted]. The earliest evidence of the arm disclosure being provided to the borrower is [redacted]. Evidence of borrower's earlier receipt was not located in the file.


Buyer Comment (2025-04-10): [redacted]


Reviewer Comment (2025-04-10): Missing evidence of date when Arm disclosure was provided to the borrower, not received by the borrower. Exception remains.


Buyer Comment (2025-04-08): Arm Disclosure
 04/16/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223181354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] business days prior to closing. Loan Estimate not signed & dated by borrower.       Reviewer Comment (2025-04-09): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-04-08): Audit Trail to show borrower received the LE's as they are not required to be signed since there is no signature line on the form
 04/09/2025     1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223181354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted][redacted]Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No valid COC provided, nor evidence of cure in file.       Reviewer Comment (2025-04-09): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-08): See page [redacted] of final CD there was a lender credit issued for the credit report
 04/09/2025     1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223181354 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing.       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1   A   A   A   A   A   NJ Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223182374 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Initial [redacted] Rate Lock is missing.       Reviewer Comment (2025-04-10): Provided initial[redacted] rate lock. Exception cleared.


Buyer Comment (2025-04-09): Initial lock
 04/10/2025     1 C A C A C A C A D A   PA Investment Purchase   D A D A     A A   N/A No
223182378 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: AUS not provided   AUS is missing on file       Reviewer Comment (2025-04-10): Per lender rebuttal, AUS was not utilized. Condition cleared.


Buyer Comment (2025-04-08): Please waive this is not an AUS product.
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223182378 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS/Guideline Findings: All conditions were not met   AUS is missing on file       Reviewer Comment (2025-04-10): Per lender rebuttal, AUS was not utilized. Condition cleared.


Buyer Comment (2025-04-08): Please waive this is not an AUS product.
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223182378 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] Percent Fee was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing
   04/03/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223182378 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four [redacted] business days prior to closing. Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] business days prior to closing.       Reviewer Comment (2025-04-10): Received disclosure tracking reflecting received date.


Buyer Comment (2025-04-09): Disclosure Tracking
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223182378 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Policy does not state [redacted]% Replacement Coverage as required for [redacted] properties.       Reviewer Comment (2025-04-10): Received lender attestation stating [redacted]% replacement cost. Condition cleared.


Buyer Comment (2025-04-09): [redacted] Attestation
 04/10/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223184141 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement is missing       Reviewer Comment (2025-04-09): Received operating agreement of borrowing business entity. Exception cleared.


Buyer Comment (2025-04-08): [redacted]
 04/09/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Initial rate lock is missing in the file.       Reviewer Comment (2025-04-10): Initial rate lock document received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-09): Initial lock
 04/10/2025     1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C B B B C A A A Non QM Non QM No
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely [redacted] Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.       Reviewer Comment (2025-04-11): Received earlier dated Flood disclosure.


Buyer Comment (2025-04-09): Flood Disclosure
 04/11/2025     1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C B B B C A A A Non QM Non QM No
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted][redacted]Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-14): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.".


Buyer Comment (2025-04-11): LE
 04/14/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted][redacted]Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-14): [redacted] received COC and sufficient cure provided at closing


Buyer Comment (2025-04-11): LE
 04/14/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223184190 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request borrower is [redacted]days short of [redacted] years seasoning of foreclosure between [redacted] - [redacted] . Borrower has $[redacted]in verified assets, $[redacted]of which is liquid . AQ assets over Post closing Needed is equivalent to [redacted] months reserves ( [redacted]% over). Borrower currently has private management on subject -Note & proof of payments is a pending. borrower has [redacted]years credit depth with no reported derog. WF mortgage on [redacted]him open [redacted]years w/no [redacted]. FICO is [redacted]points above min [redacted]required. per borrower the foreclosure was the end result of a bankruptcy filling [redacted]years ago which cause the foreclosure action to be delayed about [redacted]years supporting documentation has been requested. Residual income = $[redacted]. Lender exception was approved with following Condion: Max [redacted]% LTV< mortgage pay history on subject Borrower has verified disposable income of at least $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-07): preapproved exception
     04/07/2025 2 B B B B B B B B B B   FL Primary Refinance - Rate/Term   C B B B C A A A Non QM Non QM No
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1   A   A   A   A   A   FL Primary Refinance - Rate/Term Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223184190 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1   A   A   A   A   A   FL Primary Refinance - Rate/Term Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223184198 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Section [redacted]of Final [redacted]declaration page reflects point A - Will you Occupy as your [redacted] residence as Yes.       Reviewer Comment (2025-04-11): Updated final 1003 received and verified. Exception cleared


Buyer Comment (2025-04-09): 1003
 04/11/2025     1 C A C A C A C A C A   NC Second Home Purchase   C A C A A A A A Non QM Non QM No
223184198 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal fee in loan estimate is $[redacted]and closing disclosure reflects $[redacted]. No Valid change circumstance in file.       Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing
   04/03/2025   1 A A A A A A A A A A   NC Second Home Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
223185437 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for Exception is needed due to Section [redacted]: Rural [redacted] Property & Section [redacted]: Properties. Recently Listed for Sale. Exception request for eligibility of subject property. The subject is a legally zoned [redacted]bd/[redacted]ba SFR located in an rural area with public utilities. The subject was originally listed on [redacted] for $[redacted] Listing was removed on [redacted], and the application date is [redacted], so the subject was NOT delisted prior to application. A CDA is not required. Compensating Factors: Rural [redacted] Property & Section [redacted]: Properties Recently Listed for Sale Lender exception with COUNTEROFFER Max [redacted]% LTV, min [redacted], Min [redacted]Year [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-08): Client elects to waive with compensating factors.
     04/08/2025 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223185442 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___         Reviewer Comment (2025-04-08): LOE was provided. Borrower lived with his brother for [redacted] years.
 04/08/2025     1 A A A A A A A A A A   GA Primary Purchase   C B C B A A A A Non QM Non QM No
223185442 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requesting an exception to accept just LOE verifying borrower lived rent free without any other supporting document. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elects to waive with compensating factors.


Buyer Comment (2025-04-11): CPA Letter


Reviewer Comment (2025-04-11): The exception approval provided requires an updated CPA letter to specifically state that the borrower was operating as a sole proprietor since [redacted] . The updated CPA letter is not located in the file.


Buyer Comment (2025-04-09): Please clarify what is required or clear
     04/15/2025 2 C B C B C B C B C B   GA Primary Purchase   C B C B A A A A Non QM Non QM No
223185442 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception requested for business created less than [redacted] years ago. We have CPA letter verifying the borrower has been in the same line of work since [redacted].The Business was opened in September [redacted]and business is < [redacted] Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elects to waive with compensating factors.


Buyer Comment (2025-04-11): Please see updated CPA letter uploaded today.


Reviewer Comment (2025-04-11): The exception approval provided requires an updated CPA letter to specifically state that the borrower was operating as a sole proprietor since [redacted]. The updated CPA letter is not located in the file.


Buyer Comment (2025-04-09): Please clarify what is required or clear
     04/15/2025 2 C B C B C B C B C B   GA Primary Purchase   C B C B A A A A Non QM Non QM No
223185543 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC search for both borrowers are missing in the file.       Reviewer Comment (2025-04-14): OFAC report for both the borrowers is received. Exception cleared.


Buyer Comment (2025-04-11): Corrected DRIVE report
 04/14/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223185543 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud Report for borrower are missing in the file. Provided fraud report is for a different borrower and property address.       Reviewer Comment (2025-04-14): Fraud report for both the borrowers is received. Exception cleared.


Buyer Comment (2025-04-11): Corrected DRIVE report
 04/14/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223185543 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Discrepancy between lender's [redacted]and [redacted]review.       Reviewer Comment (2025-04-17): Cleared. Per client, the extension shows all the names and one that's redacted which I believe is [redacted][redacted].  The original lease notes "[redacted]additional roommates" to use premises for the sole use as a personal residence.


Reviewer Comment (2025-04-17): Received extension of lease, however the tenants are not the same tenants on the original lease. Please provide clarification and evidence the same tenants reside in the property or the updated original lease.


Buyer Comment (2025-04-15): Lease extension


Reviewer Comment (2025-04-15): Received drive report, however DD is unsure how this clears the [redacted] discrepancy.


Buyer Comment (2025-04-11): Correct DRIVE report
 04/17/2025     1   A   A   A   A   A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223185545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted][redacted]Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted]. on LE but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-14): [redacted]received [redacted]for rounding off the amount. Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final [redacted]) resulting in a cleared exception.


Buyer Comment (2025-04-11): [redacted]
 04/14/2025     1 C A C A C A C A C A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223185545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] days of application. ARM loan program disclosure not provided to the borrower within [redacted] days of application.       Reviewer Comment (2025-04-11): Disclosure tracking received, Exception Cleared.


Buyer Comment (2025-04-10): Tracking
 04/11/2025     1 C A C A C A C A C A   IL Primary Purchase No Defined Cure C B B B C A A A Non QM Non QM No
223185545 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request FTHB renting from private landlord in must recent [redacted]months: unable to document payments due to mix of cash payments. Borrower provided detailed breakdown of how payments were made and amounts but lease not provided and some were made cash or made for less than lease due agreement/landlord to do work i  exchange. VORs have been request. FICO is [redacted]above min. Assets comprised of Business Funds & Gift. $[redacted]EMD verified paid by business ; $[redacted]total gifts being provided at close, current, borrower's personal investment ([redacted] assets) is documented as [redacted] total; [redacted]months reserves verified Business has been in existence since [redacted]-started as Sched C, then in [redacted]changes to structure , and like a week later changed the name -CPA letter i file confirms [redacted]years history of self-employed and changes in [redacted]. Lender exception was approved with the following Conditions: Max [redacted]% LTV, Borrower to contribute minimum [redacted]% toward purchase, Gift funds not allowed to go toward reserves Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-08): Client elected to waive exceptions with compensating factors.
     04/08/2025 2 B B B B B B B B B B   IL Primary Purchase   C B B B C A A A Non QM Non QM No
223185545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted][redacted]Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1   A   A   A   A   A   IL Primary Purchase Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223185547 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure amount provided on final CD, file does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2025-04-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-16): rebuttal from TRID


Reviewer Comment (2025-04-13): [redacted]received rebuttal comment. The total transfer taxes (Transfer tax + State tax/Stamps) disclosed on [redacted]is $[redacted] but on final CD the total of transfer taxes is $[redacted]($[redacted]+ $[redacted]) for which there is no [redacted]provided in file. Please provide information as to what changed circumstance occurred (as defined under [redacted](e)([redacted])(A)-(F) that resulted in an increase in closing costs or cure will be required.


Buyer Comment (2025-04-10): Per doc ID [redacted]pg [redacted]the transfer tax amount is [redacted]on final cd. I am not seeing the amount of [redacted]. please cancel condition
 04/17/2025     1 C A C A C A C A C A   FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223185547 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-17): Sufficient Cure Provided At Closing
   04/17/2025   1   A   A   A   A   A   FL Second Home Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223185550 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1   A   A   A   A   A   NJ Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223185550 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1   A   A   A   A   A   NJ Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223185550 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1   A   A   A   A   A   NJ Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223186102 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Replacement cost estimator is missing.       Reviewer Comment (2025-04-15): Exception cleared - Received Replacement cost estimator and updated [redacted] as per new update.


Buyer Comment (2025-04-15): [redacted]
 04/15/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223186102 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance Verification, Statement, Tax Verification is missing.       Reviewer Comment (2025-04-10): Received CD from purchase. Condition cleared.


Buyer Comment (2025-04-10): CD
 04/10/2025     1 C A C A C A C A C A   CA Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223186140 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. -         Reviewer Comment (2025-04-21): Received evidence of no active leaks. Condition cleared.


Reviewer Comment (2025-04-16): Exception remains. [redacted]/[redacted]Home inspection report is missing in file.


Buyer Comment (2025-04-15): Please see attached


Reviewer Comment (2025-04-15): Form [redacted]/[redacted]images or inspection report is required exception remains.


Buyer Comment (2025-04-14): Please see attached appraisal and inspection report
 04/21/2025     1 C A C A C A C A C A   OR Investment Refinance - Cash-out - Other   C A A A A A C A N/A Exempt from ATR No
223186620 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Minimum of [redacted]square feet of gross living area required per company guidelines.   The [redacted] home must be at least [redacted]feet wide and have a minimum of [redacted]square feet of gross living area per guidelines Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-14): Client elects to waive with compensating factors.


Buyer Comment (2025-04-10): Exception
     04/14/2025 2 C B C B C B C B C B   AZ Second Home Refinance - Cash-out - Home Improvement   C B C B A A A A Non QM Non QM No
223186692 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Copy of appraisal is required to be delivered to borrower within [redacted]business days prior to closing.       Reviewer Comment (2025-04-11): Appraisal was delivered to borrower on [redacted] where note date is [redacted].  [redacted]business days prior to closing requirement not met.


Reviewer Comment (2025-04-11): Appraisal was delivered to borrower on [redacted]


Buyer Comment (2025-04-10): Appraisal was delivered [redacted] and Saturday is considered a business day. This is [redacted]days prior to close.
 04/11/2025     1 B A B A B A B A B A   TN Second Home Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
223186692 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Copy of appraisal is required to be delivered to borrower within [redacted]business days prior to closing.       Reviewer Comment (2025-04-16): .


Reviewer Comment (2025-04-16): Client elects to waive.


Reviewer Comment (2025-04-15): This is an[redacted] exception and lender may, at their discretion, choose to waive.


Buyer Comment (2025-04-11): Please advise, the rebuttal for condition [redacted]should have cleared remaining conditions
     04/16/2025 2 B B B B B B B B B B   TN Second Home Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
223186692 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.         Reviewer Comment (2025-04-16): Client elects to waive


Reviewer Comment (2025-04-15): This is an [redacted] exception and lender may, at their discretion, choose to waive.
     04/16/2025 2   B   B   B   B   B   TN Second Home Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
223187080 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requests [redacted]year [redacted] instead of [redacted]year [redacted]. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved Exception
     04/08/2025 2 B B B B B B B B B B   MA Investment Purchase   D B D B A A A A N/A Exempt from ATR No
223187080 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Final CD as determined by signature date and address on page [redacted]is missing [redacted]page. And seller CD missing rest of the pages only [redacted]page is provided.       Reviewer Comment (2025-04-15): Exception cleared - Received complete Seller Cd and Final CD and updated [redacted] as required.


Buyer Comment (2025-04-15): both final CD all Pages and Sellers CD only [redacted]pages


Reviewer Comment (2025-04-11): Provide Seller Closing Disclosure with complete pages. Provided one final closing Disclosure received. Exception remains


Buyer Comment (2025-04-09): CD
 04/15/2025     1 C A C A C A C A D A   MA Investment Purchase   D B D B A A A A N/A Exempt from ATR No
223187764 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-04-04): Sufficient Cure Provided At Closing
   04/04/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223187766 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Provide the additional asset for the account ending [redacted].       Reviewer Comment (2025-04-15): Additional account statement received for account ending [redacted]which suffice the asset documentation requirement. Exception cleared.


Buyer Comment (2025-04-15): uploaded [redacted] bank statement
 04/15/2025     1 C A C A C A C A C A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Provide the additional asset for the account ending [redacted] .       Reviewer Comment (2025-04-15): Additional account statement received for account ending [redacted]which suffice the asset documentation requirement. Exception cleared.


Buyer Comment (2025-04-15): see uploaded [redacted] bank statement
 04/15/2025     1 C A C A C A C A C A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.       Reviewer Comment (2025-04-14): Received appraisal receipt


Buyer Comment (2025-04-10): uploaded appraisal delivery
 04/14/2025     1 B A B A B A B A B A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Provide the additional asset for the account ending [redacted].       Reviewer Comment (2025-04-15): Additional account statement received for account ending [redacted]which suffice the asset documentation requirement. Exception cleared.


Buyer Comment (2025-04-15): see uploaded [redacted] bank statement
 04/15/2025     1 B A C A B A C A B A   GA Second Home Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank [redacted]): The Qualification Method used by the lender does not match the ATR payment calculation methods under [redacted] Provide the additional asset for the account ending [redacted].       Reviewer Comment (2025-04-17): Received required documentation. Condition cleared.


Buyer Comment (2025-04-15): see uploaded [redacted] bank statement
 04/17/2025     1 B A B A B A B A B A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Provide the additional asset for the account ending [redacted].       Reviewer Comment (2025-04-15): Additional account statement received for account ending [redacted]which suffice the asset documentation requirement. Exception cleared.


Buyer Comment (2025-04-15): see uploaded [redacted] bank statement
 04/15/2025     1 C A C A C A C A C A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Loan Estimate not delivered to Borrower(s) within [redacted] ([redacted]) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.       Reviewer Comment (2025-04-13): [redacted]received earliest consent dated [redacted].


Buyer Comment (2025-04-10): proof of LE delivery
 04/13/2025     1 C A C A C A C A C A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. insufficient cure provided and no valid COC provided.       Reviewer Comment (2025-04-13): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-11): ** Invalid Stip * LC Listed on Final CD **
 04/13/2025     1 C A C A C A C A C A   GA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure provided and no valid COC provided.       Reviewer Comment (2025-04-13): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-11): ** Invalid Stip * LC Listed on Final CD **
 04/13/2025     1 C A C A C A C A C A   GA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Provide the additional asset for the account ending [redacted].       Reviewer Comment (2025-04-15): Additional account statement received for account ending [redacted]which suffice the asset documentation requirement. Exception cleared.


Buyer Comment (2025-04-15): see uploaded [redacted] bank statement
 04/15/2025     1 C A C A C A C A C A   GA Second Home Purchase   C A C A C A A A Non QM Non QM No
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-13): Sufficient Cure Provided At Closing
   04/13/2025   1   A   A   A   A   A   GA Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223187766 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-13): Sufficient Cure Provided At Closing
   04/13/2025   1   A   A   A   A   A   GA Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
223187767 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requested Lender Exception in file for Unacceptable Property Type.  Property is [redacted] acres which exceeds the maximum [redacted] acre guideline.

Approved with -[redacted] LLPA, Maximum [redacted]% LTV.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-11): Client elects to waive with compensating factors.


Buyer Comment (2025-04-09): please clarify what is required or clear
     04/11/2025 2 C B C B C B C B C B   MT Primary Purchase   C B C B A A A A Non QM Non QM No
223187767 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requested Lender Exception in file for Unacceptable Property Type.  Property contains a detached ADU with 1bd/1ba that is legally permissable, however there are no comparables available.

Approved with -[redacted]LLPA, Maximum [redacted]% LTV.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-11): Client elects to waive with compensating factors.


Buyer Comment (2025-04-09): please clarify what is required or clear
     04/11/2025 2 C B C B C B C B C B   MT Primary Purchase   C B C B A A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Credit Income Income Error Income The total of Statement Period Months entered is less than the Qualifying Method entered of Most Recent [redacted] months. - Business account statement #[redacted]used for qualification is less than [redacted] months.       Reviewer Comment (2025-04-22): Lender exception for [redacted]months for the business account however borrower has [redacted]months personal account. This condition is cleared.


Buyer Comment (2025-04-17): Worksheet


Buyer Comment (2025-04-17): Exception


Buyer Comment (2025-04-17): Rebuttal


Reviewer Comment (2025-04-15): Unable to clear. The lender exception approval required "Subject to full [redacted]months complete bank statements of deposits of business revenue supporting income". The account ending [redacted]contains only [redacted]months statements.


Buyer Comment (2025-04-11): Exception


Buyer Comment (2025-04-11): Income Worksheet
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Gift letter provided but missing wire confirmation/deposit receipt to verify funds has been transferred       Reviewer Comment (2025-04-15): Received evidence of title companies receipt. Condition cleared.


Buyer Comment (2025-04-15): Updated [redacted]


Buyer Comment (2025-04-15): Gift Source


Buyer Comment (2025-04-15): Gift Letter
 04/15/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. ATR failure due to missing gift receipts confirmation and missing [redacted]months business account statement.       Reviewer Comment (2025-04-22): Lender exception for [redacted]months for the business account however borrower has [redacted]months personal account. This condition is cleared.


Buyer Comment (2025-04-17): Rebuttal, Exception, Income Worksheet uploaded


Reviewer Comment (2025-04-15): Unable to clear. The lender exception approval required "Subject to full [redacted]months complete bank statements of deposits of business revenue supporting income". The account ending [redacted] contains only [redacted]months statements.


Buyer Comment (2025-04-15): Gift Documentation and income worksheet/exception approval for business statements uploaded
 04/22/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
223188121 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) ATR failure due to missing gift receipts confirmation and missing [redacted]months business account statement.       Reviewer Comment (2025-04-15): Received evidence of title company receipt of the gift. Condition cleared.


Buyer Comment (2025-04-11): Income Worksheet/Exception uploaded
 04/15/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability to Repay - Bank Statement Guidelines Require Less than [redacted]Months Ability to Repay (Dodd-Frank [redacted]): Guidelines require less than [redacted]consecutive months bank statements. Business account statement #[redacted]used for qualification is less than [redacted]months.       Reviewer Comment (2025-04-22): Lender exception for [redacted]months for the business account however borrower has [redacted]months personal account. This condition is cleared.


Buyer Comment (2025-04-17): Rebuttal, Exception, Income Worksheet uploaded


Reviewer Comment (2025-04-15): Unable to clear. The lender exception approval required "Subject to full [redacted]months complete bank statements of deposits of business revenue supporting income". The account ending [redacted] contains only [redacted]months statements.


Buyer Comment (2025-04-11): Income Worksheet/Exception uploaded
 04/22/2025     1 B A B A B A B A B A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR failure due to missing gift receipts confirmation and missing [redacted]months business account statement.       Reviewer Comment (2025-04-22): Lender exception for [redacted]months for the business account however borrower has [redacted]months personal account. This condition is cleared.


Buyer Comment (2025-04-17): Rebuttal, Exception, Income Worksheet uploaded


Reviewer Comment (2025-04-15): Unable to clear. The lender exception approval required "Subject to full [redacted]months complete bank statements of deposits of business revenue supporting income". The account ending [redacted]contains only [redacted]months statements.


Buyer Comment (2025-04-15): Gift Documentation and income worksheet/exception approval for business statements uploaded
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188121 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requesting exception for Length of self-employment: Borrower self-employed [redacted]mons. Sect [redacted]states self-employment under [redacted]mos. considered on exception basis. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-22): Client elects to waive with compensating factors.


Buyer Comment (2025-04-17): Rebuttal, Exception, Income Worksheet uploaded


Reviewer Comment (2025-04-15): Unable to clear. The lender exception approval required "Subject to full [redacted] months complete bank statements of deposits of business revenue supporting income". The account ending [redacted]contains only [redacted]months statements.


Buyer Comment (2025-04-11): Income Worksheet/Exception uploaded
     04/22/2025 2 C B C B C B C B C B   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223188124 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee was  last disclosed as $[redacted]but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-16): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-15): rebuttal


Reviewer Comment (2025-04-15): [redacted]received rebuttal stating about the rounded off amount. However,we would require documentation for the same in order to clear the exception. Kindly provide supporting document evidencing that $[redacted]is rounded off on LE in order  to clear the exception.


Buyer Comment (2025-04-11): They were both cured at closing on the final CD in the amount of $[redacted].

the LE's fee amounts are rounded so the credit report fee of $[redacted]on the LE was actually $[redacted]rounded down to $[redacted].  (The rule is to round down if the digit in the tenth's place is [redacted] and round up if it is [redacted]. In this case, the [redacted] in the tenth's place makes it round down to $[redacted]).


Reviewer Comment (2025-04-10): [redacted]Final CD reflects Cure of $[redacted]and Cure required for Credit report fee and Appraisal fee is $[redacted]. Provide supporting document evidencing that $[redacted]is rounded off on LE or provide Additional cure docs for $[redacted].


Buyer Comment (2025-04-09): See attached POC invoice for appraisal fee
 04/16/2025     1 C A C A C A C A C A   CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM Yes
223188124 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-16): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-15): see uploaded


Reviewer Comment (2025-04-15): [redacted]received rebuttal stating about the rounded off amount. However,we would require documentation for the same in order to clear the exception. Kindly provide supporting document evidencing that $[redacted] is rounded off on LE in order  to clear the exception.


Buyer Comment (2025-04-11): They were both cured at closing on the final CD in the amount of $[redacted].

 the LE's fee amounts are rounded so the credit report fee of $[redacted]on the LE was actually $[redacted]rounded down to $[redacted].  (The rule is to round down if the digit in the tenth's place is [redacted] and round up if it is [redacted]. In this case, the [redacted] in the tenth's place makes it round down to [redacted]).
 04/16/2025     1 C A C A C A C A C A   CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM Yes
223188124 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-10): Received Appraisal delivery receipt dated [redacted]. Exception cleared.


Buyer Comment (2025-04-09): Appraisal Delivery
 04/10/2025     1 B A B A B A B A B A   CA Primary Refinance - Rate/Term   C A B A C A A A Non QM Non QM No
223188124 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-10): Received Supplemental Title report with loan amount on it. Exception cleared.


Buyer Comment (2025-04-09): Please see Doc ID [redacted]for supplemental report with loan amount on it, please cancel this cond
 04/10/2025     1 B A B A B A B A B A   CA Primary Refinance - Rate/Term   C A B A C A A A Non QM Non QM No
223188124 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1   A   A   A   A   A   CA Primary Refinance - Rate/Term Final CD evidences Cure C A B A C A A A Non QM Non QM Yes
223188124 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1   A   A   A   A   A   CA Primary Refinance - Rate/Term Final CD evidences Cure C A B A C A A A Non QM Non QM Yes
223189398 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requested unacceptable property type [redacted] with similar comparable). Exception request is for eligibility of subject property. The subject is a legally zoned [redacted]s. one ADU attached and the other is detached, but both have [redacted]. The appraiser has provided comparable [redacted]which similarly has [redacted]., but adjustments were still warranted due to the differences in total ADU counts. A supportive CDA is already on file. Strong comp Factor s borrower owns [redacted] [redacted]years, [redacted]months post-closing reserves, [redacted]years landlord history for a rental property owned in [redacted] since [redacted] per Data Verify. Primary is far superior to subject in value and size. Although the property is an SFR, UW completed it as [redacted]units since rental from the main house plus [redacted]ADUs is being used . we have the lease on primary house at $[redacted]which is lower than $[redacted]market rent. The [redacted]ADUs are currently vacant so using market rent on each of those. The $[redacted]figure is for all [redacted]units-see UW income worksheet in file for details. Lender exception with following conditions: LT/CLTV may not exceed [redacted]%, Minimum [redacted] of [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved exception
     04/08/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
223189711 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception as borrower took a loan advance from his [redacted] of $[redacted]. $[redacted]was used towards Earnest money [redacted]. Borrower have lived at their current residence for [redacted]+ years. They plan to sell the property once they move to their current residence. They are both self-employed [redacted]. They have a mortgage rating as agreed since [redacted]with a [redacted]-month amortization and mortgage is almost paid off. The full PITI is included in qualifying; Borrower's new loan also has one [redacted]-month amortization on fixed loan. This is new construction and EMD was paid in [redacted], and the [redacted] loan was paid off and closed [redacted] and rated on credit report. The remaining funds to close is savings and gift funds from family. Exception is for use of $[redacted]from unsecured funds from [redacted].

Compensating factors:
FICO [redacted]points or more above requirement.
Long term Employment [redacted].
Long term Homeownership[redacted].

There is no evidence of the exception being approved/rejected.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has been employed in the Same industry for more than [redacted] years.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-17): Client elects to waive with compensating factors.


Buyer Comment (2025-04-15): uploaded approved exception
     04/17/2025 2 C B C B C B C B C B   TX Primary Purchase   C B C B A A A A Non QM Non QM No
223189711 [redacted] [redacted]   XXXX     Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.   Hazard Insurance policy mortgagee clause does not reflect Lender ISAOA.       Reviewer Comment (2025-04-15): Updated HOI policy received, Exception Cleared.


Buyer Comment (2025-04-11): [redacted]
 04/15/2025     1 C A C A C A C A C A   TX Primary Purchase   C B C B A A A A Non QM Non QM No
223189711 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Personal bank account was used to verify "[redacted]' Per guideline "Provide [redacted] months of business statements to verify that income is coming from Applicant's business and the business is providing positive cash flow.  The requirement for [redacted] months of business statements may be waived at the discretion of underwriting" Please provide [redacted] months business statements or documentation to waive the required statements.       Reviewer Comment (2025-04-17): Received updated information on docs used. Condition cleared.


Buyer Comment (2025-04-15): We used the business asset calculation Method #[redacted]uniform expense ratio  ([redacted]% expenses) as per guidelines. Comingled accounts refer to Applicants who do not maintain separate business account. Comingled account will be treated as business accounts for purposes of determining income.
 04/17/2025     1 C A C A C A C A C A   TX Primary Purchase   C B C B A A A A Non QM Non QM No
223189819 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to purchase a primary residence utilizing bank statements to qualify while being self-employed for [redacted] months. Section[redacted] requires an exception when self-employment is less than [redacted]months. ***Comments from the LO: Client has great credit, plenty of money in the bank, [redacted]% down. Can also do [redacted]% down. Has only owned business for a year but we have [redacted]months of business bank statements with deposits increasing and able to use $[redacted]/month as qualifying income. Has been in same line of work for years. Compensating Factors: Requesting to permit [redacted]months of self-employment - bank statement loan Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-09): Preapproved exception
     04/09/2025 2 B B B B B B B B B B   NJ Primary Purchase   B B B B A A A A Non QM Non QM No
223189841 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for [redacted] is at [redacted]low LTV of [redacted]% cash out from subject for reserves on this loan and other loan closing concurrently. Compensating factors are Borrower does not have landlord history and does not qualify for the landlord waiver with no [redacted]month history of properties being rented, properties are currently vacant as they are new construction that were just completed. Borrower has owned the land for over [redacted]months, borrower is refinancing [redacted][redacted]unit properties that are both new builds and vacant. One cash out and one rate and term. This cash out will be used for reserves on both [redacted]units. Lender exception was approved with the following conditions: Max [redacted]% LTV, Min [redacted][redacted], Appraiser to provide [redacted], Min [redacted]Year PPPP The representative FICO score exceeds the guideline minimum by at least [redacted] points.   SitusAMC Reviewer Comment (2025-04-08): preapproved exception
     04/08/2025 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223189866 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   The note provided does not list, [redacted][redacted], as a borrower.       Reviewer Comment (2025-04-21): Received corrected note in the file. Exception Cleared.


Buyer Comment (2025-04-18): corrected note
 04/21/2025     1 D A D A D A D A D A   IL Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223189892 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception requesting a [redacted]exception for landlord history. borrower does Not have a Landlord history. And borrower does not meet the landlord waiver requirements since as you know, we have the exception for this being a vacant property-so he cannot show proof of rent receipt for prior [redacted] months. Borrower has provided the letter of explanation confirming property being renovated since purchase in[redacted], and evidence that the property is now being marketed for rent ( its was listed for rent yesterday [redacted]) in order to satisfy the previous exception requirements. Lender exception was approved with the following conditions: [redacted]% LTV Max, Minimum [redacted] [redacted], minimum [redacted]Year [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved exception
     04/08/2025 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     A A   N/A No
223189892 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requesting exception for LTV of [redacted]% on a vacant property( exceeding max [redacted]%) Borrower does not have a tenant or lease in place yet. Lender exception was approved with the following conditions: [redacted]% LTV Max, Minimum [redacted] [redacted], minimum [redacted]Year [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved exception
     04/08/2025 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     A A   N/A No
223189892 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender Requesting exception for loan amount under $[redacted]on a [redacted] rate-term refi. Loan amount currently $[redacted]. Lender exception was approved with the following conditions: [redacted]% LTV Max, Minimum [redacted] [redacted], minimum [redacted]Year [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved exception
     04/08/2025 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     A A   N/A No
223193028 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for borrower living rent free since [redacted]. He lived with family from [redacted] and then back with them in [redacted] to present. Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-11): Client elects to waive with compensating factors.


Buyer Comment (2025-04-09): This appears to have been delivered with the original docs.
     04/11/2025 2 C B C B C B C B C B   PA Primary Purchase   C B C B A A A A Non QM Non QM No
223193328 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Evidence of HOA verification is missing in file.       Reviewer Comment (2025-04-17): Exception cleared. Received updated [redacted]with [redacted]details and updated correctly.


Buyer Comment (2025-04-16): corrected [redacted]


Reviewer Comment (2025-04-14): Updated [redacted]required to verify other payments. Exception remains


Buyer Comment (2025-04-11): [redacted]
 04/17/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223193641 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-15): Received business purpose certificate. Exception cleared.


Buyer Comment (2025-04-11): business purpose


Reviewer Comment (2025-04-11): Provided document Doc ID [redacted], does not have the verbiage that this loan is being made for business purpose only. Exception remains.


Buyer Comment (2025-04-09): Please dee Doc ID [redacted]pg [redacted]& [redacted], please cancel cond
 04/15/2025     1 C A C A C A C A C A   SC Investment Purchase   D B D B     A A   N/A No
223193641 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided           Reviewer Comment (2025-04-11): Purchase agreement located in the initial package. Exception cleared.


Buyer Comment (2025-04-09): Please see Doc ID [redacted]pg [redacted]. please cancel this cond
 04/11/2025     1 D A D A D A D A D A   SC Investment Purchase   D B D B     A A   N/A No
223193641 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception requested for LTV [redacted]% vs max [redacted]% for first time waiver, FICO [redacted]vs min for waiver of [redacted], Reserves of $[redacted]([redacted]) vs required $[redacted]([redacted]mo.) *** Exception Needed: Borrower is first time investor as they do not have a full [redacted]-month history, but we have closed [redacted]loans with them since August. They rent there current primary. Borrower does own a property in [redacted]. Compensating Factor with FICO [redacted]points or more above requirement. exception Conditions Maximum [redacted]% LTV, Minimum [redacted] [redacted]*[redacted]on all applicable mortgages, Borrower to meet all reserve requirements, Min [redacted]-year PPP, Borrower to execute affidavit acknowledging borrower is subject to a post-closing occupancy inspection to verify the subject is tenant and not owner occupied. The residential unit may not be occupied by the Applicant, titleholders, or any family members and Subject to meeting all Signature Expanded guidelines requirements. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-08): Preapproved exception
     04/08/2025 2 B B B B B B B B B B   SC Investment Purchase   D B D B     A A   N/A No
223194708 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Survey fee was added without any valid change of circumstances, no cure was provided.       Reviewer Comment (2025-04-16): [redacted]received attestation is sufficient


Buyer Comment (2025-04-14): Title Attestation
 04/16/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223194710 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-08): Sufficient Cure Provided At Closing
   04/08/2025   1 A A A A A A A A A A   IN Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223194711 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for non-warrantable condo. Engineers report calls out rebar and hollow slab areas along with honeycombing and oxidated rebar in the structural shell of the [redacted]. [redacted] are leaking, waterproofing fail. Balconies also show areas of exposed rebar and concrete spalling. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Actual Reserves: $[redacted]
Required Reserves: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-16): Client elects to waive with compensating factors.


Buyer Comment (2025-04-14): Exception Approval
     04/16/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B B B A A N/A Exempt from ATR No
223194711 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-17): Client elects to waive without compensating factors.


Reviewer Comment (2025-04-15): Appraisal delivery receipt was sent to the borrower on[redacted] & the note date is [redacted], which is not [redacted]days prior to the closing. Exception remains.


Buyer Comment (2025-04-14): See uploads
     04/17/2025 2 B B B B B B B B B B   FL Investment Purchase   C B C B B B A A N/A Exempt from ATR No
223194713 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided   File is missing Closing agent's receipt / Wire confirmation for Gift Funds from Wife.       Reviewer Comment (2025-04-11): Wire Confirmation for gift funds received, exception cleared.


Buyer Comment (2025-04-10): Please see attached
 04/11/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
223194713 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Discount points increased from $[redacted]to $[redacted]without any valid changed circumstances. No cure was provided.       Reviewer Comment (2025-04-15): [redacted]
 received a valid [redacted]
 .


Buyer Comment (2025-04-11): The revised [redacted]CD sent on[redacted], included a detailed explanation of the change and met the disclosure requirements. The Initial CD sent on [redacted]
 , reflected a loan amount of $[redacted]
 . However, at the borrower's request the loan amount was increased to $[redacted]
 . This change was documented and reflected in the revised Change of Circumstance [redacted]
 CD sent to the borrower on[redacted]
 . Given that the borrower requested the loan amount adjustment, and the appropriate revised CD was sent in a timely manner, the Final CD accurately reflecting the [redacted]
 % discount points of $[redacted]
 is valid. Please cancel this condition.
 04/15/2025     1 C A C A C A C A C A   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223194731 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   Final 1003 provided with missing first page. Please provide a complete final 1003.       Reviewer Comment (2025-04-11): Final [redacted]
 received with all pages , Exception Cleared.


Buyer Comment (2025-04-10): [redacted]
 04/11/2025     1 C A C A C A C A C A   NC Primary Purchase   C A C A A A A A Non QM Non QM No
223194733 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing.       Reviewer Comment (2025-04-21): Received Business Purpose Certificate in the file. Exception Cleared.


Buyer Comment (2025-04-18): [redacted]
 04/21/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223194756 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   Title commitment reflects a mortgage of $[redacted]and seller's closing statement reflects a payoff from seller's proceeds in the amount of $[redacted]. Please provide evidence the entire mortgage has been satisfied and will not have a negative impact on final title policy.       Reviewer Comment (2025-04-15): Received required documentation. Condition cleared.


Buyer Comment (2025-04-11): Loan removed
 04/15/2025     1 C A C A C A C A C A   NC Investment Purchase   C A C A     A A   N/A No
223195044 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request approved for cash out with property recently listed for sale. Delisting agreement and LOX from borrower are in the file. Property is currently under lease since [redacted]. Borrower is requesting an exception to do cash out refinance with property listed for sale and delisted after application date. Delisted agreement and LOX from borrower are the file. Borrower listed it for sale because an investor was looking into buying his portfolio of real estate. The deal fell through and borrower is suing the equity in the purchase other investment properties. Property is currently under lease since [redacted]. Borrower as a [redacted]Year credit history with a [redacted]rev late [redacted]years ago Asser: $[redacted]-Cash out, [redacted]Month for reserves. Lender exception was approved with following conditions: Maximum [redacted]% LTV, minimum [redacted] [redacted], Document most recent consecutive [redacted]months mortgage payment for subject [redacted], [redacted]Year PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC Reviewer Comment (2025-04-17): Client elected to waive exceptions with compensating factors.


Buyer Comment (2025-04-15): Please consider the following compensating factors; [redacted]
 + months or more of required reserves, long term homeownership > [redacted]
 (@ [redacted]
 ) and minimum [redacted]
 of [redacted]
 (currently @ [redacted]
 ).


Reviewer Comment (2025-04-14): Lender provided insufficient compensating factors. The only compensating factor available to DD is sufficient reserves. Please provide undated comp factor to allow for downgrade and waiving of lender exception.


Buyer Comment (2025-04-10): Please clarify what is being requested or clear as exception request and approval were delivered with original package.
     04/17/2025 2 C B C B C B C B C B   TN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223195052 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee was last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.
It should be noted that the LE dated [redacted] has a Loan Level Pricing Adjustment in the same amount as the points, however it is not considered a discount point		       Reviewer Comment (2025-04-11): [redacted]
 received valid [redacted]
 and LE


Buyer Comment (2025-04-10): coc & LE
 04/11/2025     1 C A C A C A C A C A   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223195138 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for cash out refinance listed for sale prior to application date. Borrower purchased the home and was planning to flip it after it rehab. He listed it for sale in [redacted]. Delisted it [redacted], Listed it again [redacted] and de-listed it [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Client elects to waive with compensating factors.


Buyer Comment (2025-04-10): Please see internal document [redacted] for exception approval. Please cancel this condition as you have the documentation.
     04/14/2025 2 C B C B C B C B C B   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223195138 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to use current lease amount of $[redacted]with less than [redacted]months of rent received rather than market rent of $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Client elects to waive with compensating factors.


Buyer Comment (2025-04-10): Please see internal document [redacted] for exception approval. Please cancel this condition as you have the documentation.
     04/14/2025 2 C B C B C B C B C B   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223195169 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC search for borrowing business entity is missing.       Reviewer Comment (2025-04-11): Received [redacted]
 search for borrowing business entity. Exception cleared.


Buyer Comment (2025-04-09): [redacted]
 04/11/2025     1 C A C A C A C A C A   NC Investment Purchase   C B C B     A A   N/A No
223195169 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing from the applicable Secretary of State's office, dated within [redacted] days of the note date is required.       Reviewer Comment (2025-04-11): Received Certificate of Good Standing dated within [redacted]
 days of the note date. Exception cleared.


Buyer Comment (2025-04-09): [redacted]
 04/11/2025     1 C A C A C A C A C A   NC Investment Purchase   C B C B     A A   N/A No
223195169 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception is provided as borrowers are first time investors and are allowed provided that the [redacted] is > [redacted]credit score is > [redacted]and there are no exceptions on the file. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-16): Client elects to waive with compensating factors.


Buyer Comment (2025-04-14): Please see approved exception
     04/16/2025 2 C B C B C B C B C B   NC Investment Purchase   C B C B     A A   N/A No
223195209 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal provided on[redacted] prior to appraisal report date of [redacted]       Reviewer Comment (2025-04-14): Exception Cleared; Proof of Appraisal delivery document is received.


Buyer Comment (2025-04-10): appraisal delivery
 04/14/2025     1 B A B A B A B A B A   MT Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223195211 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-04-17): Business Purpose certificate provided , Exception cleared


Buyer Comment (2025-04-17): business cert
 04/17/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223195211 [redacted] [redacted]   XXXX     Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.   Insurance policy to reflect correct mortgagee clause to [redacted], its successors and/or assigns.       Reviewer Comment (2025-04-14): Insurance policy located in file reflects mortgagee clause of cross country. Exception cleared.


Buyer Comment (2025-04-10): Please see snip
 04/14/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223195212 [redacted] [redacted]   XXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form [redacted] was not provided. - Appraisal was made subject to and [redacted]is not in images.       Reviewer Comment (2025-04-21): Received paid contract reflecting work was completed. Condition cleared.


Buyer Comment (2025-04-17): Please see invoice regarding completion cert [redacted]
 is not needed


Reviewer Comment (2025-04-17): [redacted]was not provided. Exception Remains.


Buyer Comment (2025-04-16): Please see attached


Reviewer Comment (2025-04-14): Provided structural certification from contractor. Provide [redacted] completion report completed by appraiser with photos. Exception remains.


Buyer Comment (2025-04-10): Completion cert
 04/21/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     C A   N/A No
223195212 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   File is missing Operating Agreement for non borrowing entity, [redacted] associated with The [redacted] Guarantor's ownership percentage in the non borrowing entity must be verified. Additional conditions may apply.       Reviewer Comment (2025-04-14): Provided operating agreement with borrower as [redacted] % owner. Exception cleared.


Buyer Comment (2025-04-10): operating agreement
 04/14/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     C A   N/A No
223196116 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations:  F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes.  Missing  documented and/or does not meet guideline requirements. - 1003 Declaration F related to being a co-signer is answered "yes"; however, file does not contain any further documentation as to the co-signed obligation.       Reviewer Comment (2025-04-16): Updated Declarations page received and updated. Exception cleared


Buyer Comment (2025-04-15): [redacted]
 Pg [redacted]
 04/16/2025     1 C A C A C A C A C A   KY Second Home Purchase   C A C A A A A A Non QM Non QM No
223198000 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-14): Cleared. Received Business Purpose Certificate


Buyer Comment (2025-04-10): signed business purp cert
 04/14/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223198001 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2025-04-14): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-04-11): [redacted]
 04/14/2025     1 C A C A C A C A C A   ID Primary Purchase   C B C B A A A A Non QM Non QM No
223198001 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception in file for waiver of the VOR requirement and no lease provided due to fact that borrower only rents a room in a house with other guys. Compensating factors of FICO, residual and minimal consumer debt noted. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-10): Lender approved exception with comp factors.
     04/10/2025 2 B B B B B B B B B B   ID Primary Purchase   C B C B A A A A Non QM Non QM No
223198001 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.         Reviewer Comment (2025-04-21): Cleared. Received blend report that reflects e-consent date.


Reviewer Comment (2025-04-21): [redacted] received Loan Summary with Loan disclosure History.  However, the document provided does not reflect the actual Electronic Consent Agreement Authorization by borrower and only reflects the history of a disclosure sent to borrower that was signed.  No entry states "electronic consent approved/authorized.  Provide actual E-consent agreement with borrower.


Buyer Comment (2025-04-18): LE


Buyer Comment (2025-04-18): Econsent
 04/21/2025     1   A   A   A   A   A   ID Primary Purchase   C B C B A A A A Non QM Non QM No
223198014 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   FL Second Home Refinance - Cash-out - Other Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
223198014 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely [redacted]: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2025-04-16): Received signed and dated Notice of Special Flood Hazard Disclosure. Exception cleared.


Buyer Comment (2025-04-14): Disclosures
 04/16/2025     1 B A B A B A B A B A   FL Second Home Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
223198015 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary title policy amount is not provided.       Reviewer Comment (2025-04-17): Title supplement report is received. Exception cleared.


Buyer Comment (2025-04-16): [redacted] ALTA Supplemental Report
 04/17/2025     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223198015 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-04-23): Received Business Purpose Certificate. Exception Cleared.


Buyer Comment (2025-04-21): Business Purpose Cert
 04/23/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223198015 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Note - Subject Lien with Interest Only period is missing in file.       Reviewer Comment (2025-04-23): Received Note - Subject Lien with Interest Only period. Exception Cleared.


Buyer Comment (2025-04-21): Note


Reviewer Comment (2025-04-14): Calculated P&I for fixed rate is $[redacted] and note and final closing disclosure reflects P&I as $[redacted] which is [redacted] month I/O term. Exception remains.


Buyer Comment (2025-04-11): Loan is fixed rate loan. Please advise. Note provided on page [redacted]
 04/23/2025     1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
223198016 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower provided appraisal waiver less than [redacted] business days prior to consummation.         Reviewer Comment (2025-04-16): Client elects to waive.


Reviewer Comment (2025-04-16): Provided appraisal waiver ([redacted]) less than [redacted] business days prior to consummation. Exception Remains.


Buyer Comment (2025-04-15): Waiver
     04/16/2025 2 B B B B B B B B B B   WA Second Home Purchase   B B A A B B A A Non QM Non QM No
223198016 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   WA Second Home Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
223198112 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application [redacted] Disclosure Rule (Dodd-Frank [redacted]): List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application. List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application.       Reviewer Comment (2025-04-14): Received disclosure summary


Buyer Comment (2025-04-10): uploaded audit report to show proof of delivery for homeownership counseling disclosure
 04/14/2025     1 B A B A B A B A B A   WA Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
223198112 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points was disclosed on initial Loan estimate as $[redacted]but disclosed but final Closing Disclosure $[redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file.       Reviewer Comment (2025-04-13): [redacted] received valid COC document dated [redacted].


Buyer Comment (2025-04-11): uploaded COC's [redacted] and [redacted] for discount points increase
 04/13/2025     1 C A C A C A C A C A   WA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223198112 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance Misc. State Level Washington Residential Mortgage Loan (Disclosure of Material Terms Not Provided Timely) [redacted]: Mortgage loan file does not contain a disclosure summary of all material terms provided to borrower within[redacted] business days of  receipt of the loan application. Document not sent within [redacted] business days to borrower       Reviewer Comment (2025-04-14): Received disclosure summary
 04/14/2025     1 B A B A B A B A B A   WA Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
223198116 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Administration Fee was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-15): [redacted] received corrected PCCD and LOE moving the non-lender required fee from section C to H.


Buyer Comment (2025-04-14): Please see attached
 04/15/2025     1 C A C A C A C A C A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
223198116 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Per lender guides, evidence regarding the use of business funds will not affect the business operations or a recent [redacted] month cash flow analysis is required but is missing.       Reviewer Comment (2025-04-14): [redacted] month cash flow analysis verified. Exception cleared


Buyer Comment (2025-04-11): Please see internal document [redacted], cash flow analysis
 04/14/2025     1 C A C A C A C A C A   VA Primary Purchase   C A C A C A A A Non QM Non QM No
223198116 [redacted] [redacted]   XXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: - Evidence tax lien is paid off is missing.       Reviewer Comment (2025-04-24): Evidence from title company, not a lien. Condition cleared.


Buyer Comment (2025-04-22): Please see attached


Reviewer Comment (2025-04-16): Reviewed all trailing documents, however nothing was located to address this exception.


Buyer Comment (2025-04-14): Please see attached
 04/24/2025     1 B A B A B A B A B A   VA Primary Purchase   C A C A C A A A Non QM Non QM No
223198117 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-04-14): Business Purpose Certificate provided , Exception cleared


Buyer Comment (2025-04-11): uploaded signed business purp cert
 04/14/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223198118 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee increased to $[redacted]without a valid change of circumstance, cure was provided.       Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   WI Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223198121 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed [redacted]Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal provided on [redacted], prior to appraisal report date of [redacted].       Reviewer Comment (2025-04-15): Received appraisal notice for the evidence of appraisal delivery. Exception cleared.


Buyer Comment (2025-04-11): Appraisal delivery
 04/15/2025     1 B A B A B A B A B A   FL Second Home Refinance - Cash-out - Home Improvement   B A A A B A A A Non QM Non QM No
223198122 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Home Warranty Premium.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Home Warranty Premium fee not provided in loan estimate and no valid change circumstance in file and there was no evidence of a tolerance cure.       Reviewer Comment (2025-04-16): [redacted] received corrected PCCD and LOE moving the non-lender required fee from section [redacted]


Buyer Comment (2025-04-14): LOX, PCCD
 04/16/2025     1 C A C A C A C A C A   CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223198132 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] tolerance was exceeded by $[redacted]due to Transfer Tax Fee. Specific credit of $[redacted]has been provided as cure at closing.       Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   FL Second Home Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223198134 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Revised Loan Estimate Timing Before Closing [redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing. Loan Estimate dated[redacted]does not reflect a signature and the document tracking disclosure was not located.  [redacted]day mail method for delivery and receipt was used and loan is failing for timing.       Reviewer Comment (2025-04-17): [redacted] received proof of receipt.


Buyer Comment (2025-04-15): LE disclosure
 04/17/2025     1 C A C A C A C A C A   UT Second Home Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223198142 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing a copy of the final title policy       Reviewer Comment (2025-04-22): Received final title. Condition cleared.
 04/22/2025     1 A A A A A A A A A A   NJ Investment Purchase   C A C A     A A   N/A No
223198142 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2025-04-22): Received final title. Condition cleared.


Buyer Comment (2025-04-21): Please see attached
 04/22/2025     1 B A B A B A B A B A   NJ Investment Purchase   C A C A     A A   N/A No
223198142 [redacted] [redacted]   XXXX     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo is warrantable. -         Reviewer Comment (2025-04-22): Received confirmation from lender regarding review. Condition cleared.


Buyer Comment (2025-04-18): This is a [redacted] unit project.  A questionnaire would not have been required as the review is technically waived.  The only item reviewed for [redacted] unit projects is the master insurance.


Reviewer Comment (2025-04-16): Required HOA Questionnaire for Condo is non warrantable. Exception Remain.


Buyer Comment (2025-04-15): Please see internal document [redacted], condo approval. Please cancel this condition as it is invalid.
 04/22/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223198143 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing       Reviewer Comment (2025-04-16): Non-QM Business Purpose Certificate is provided. Exception cleared.


Buyer Comment (2025-04-15): Please see attached
 04/16/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223198145 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted] Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted] business days to closing.       Reviewer Comment (2025-04-15): Appraisal delivery receipt received & captured. Exception cleared.


Buyer Comment (2025-04-11): Please see attached
 04/15/2025     1 B A B A B A B A B A   NJ Second Home Purchase   B A A A B A A A Non QM Non QM No
223198147 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - File is missing additional month statement. Only [redacted]month statement provided dated[redacted] to [redacted] for Osaic account #[redacted].       Reviewer Comment (2025-04-21): received additional bank statement.


Buyer Comment (2025-04-18): [redacted] Statement


Reviewer Comment (2025-04-14): Exception Remains - The received transaction History is till [redacted] but there is no current balance provided. Provide the additional bank statement or transaction history with current balance.


Buyer Comment (2025-04-14): Transaction history provided Pg [redacted]- [redacted] [redacted] Please cancel
 04/21/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223198147 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   [redacted] months of statements must be provided for any account that will be utilized for asset qualification. [redacted]brokerage account does not meet [redacted]months requirement.       Reviewer Comment (2025-04-16): Exception cleared - Revised UW income worksheet received and account for [redacted] has been not considered for Asset qualification. Updated [redacted] as per the Revised UW income worksheet.


Buyer Comment (2025-04-16): Updated Asset Worksheet - Please Note: the [redacted] account was removed as it was not needed for program eligibility.
 04/16/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223198147 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted]Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non [redacted]does not match Due Diligence Loan Designation of [redacted]Risk. [redacted] months of statements must be provided for any account that will be utilized for asset qualification. [redacted]brokerage account does not meet [redacted]months requirement.       Reviewer Comment (2025-04-16): Exception cleared - Revised UW income worksheet received and account for [redacted] has been not considered for Asset qualification. Updated [redacted] as per the Revised UW income worksheet.


Buyer Comment (2025-04-16): Updated Asset Worksheet - Please Note: the [redacted] account was removed as it was not needed for program eligibility.
 04/16/2025     1 B A C A B A C A B A   TX Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223198147 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - [redacted]Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) [redacted]months of statements must be provided for any account that will be utilized for asset qualification. [redacted]brokerage account does not meet [redacted]months requirement.       Reviewer Comment (2025-04-16): Exception cleared - Revised UW income worksheet received and account for [redacted] has been not considered for Asset qualification. Updated [redacted] as per the Revised UW income worksheet.


Buyer Comment (2025-04-16): Updated Asset Worksheet - Please Note: the [redacted] account was removed as it was not needed for program eligibility.
 04/16/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223198147 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted]risk. [redacted] months of statements must be provided for any account that will be utilized for asset qualification. [redacted]brokerage account does not meet [redacted]months requirement.       Reviewer Comment (2025-04-16): Exception cleared - Revised UW income worksheet received and account for [redacted] has been not considered for Asset qualification. Updated [redacted] as per the Revised UW income worksheet.


Buyer Comment (2025-04-16): Updated Asset Worksheet - Please Note: the [redacted] account was removed as it was not needed for program eligibility.
 04/16/2025     1 C A C A C A C A C A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223198147 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - [redacted]Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of [redacted]Fail. The assets document is within [redacted] days of the note date.       Reviewer Comment (2025-04-21): Loan is Non-QM.


Buyer Comment (2025-04-17): The [redacted] acct being used for the asset qualifier program has the most recent quarterly statement in file from [redacted].  We should be good thru the end of [redacted], Please cancel cond
 04/21/2025     1   A   A   A   A   A   TX Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223198147 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank [redacted]):  Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted]days prior to closing. The assets document is within [redacted] days of the note date.       Reviewer Comment (2025-04-21): Age of documents meets lender guides. Condition cleared.


Buyer Comment (2025-04-17): The [redacted] acct being used for the asset qualifier program has the most recent quarterly statement in file from [redacted].  We should be good through the end of [redacted], Please cancel cond
 04/21/2025     1   A   A   A   A   A   TX Primary Purchase   C A C A C A A A Non QM Non QM No
223198155 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2025-04-17): Final title received.
 04/17/2025     1 A A A A A A A A A A   OH Primary Purchase   C A B A C A A A Non QM Non QM No
223198155 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal [redacted][redacted]Non Compliant Federal Higher-Priced Mortgage Loan: [redacted]on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of [redacted][redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. [redacted]on subject loan of [redacted]% or Final Disclosure [redacted]of [redacted]% is equal to or greater than the threshold of [redacted][redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2025-04-16): Received Appraisal delivery document which confirms appraisal report was sent to the borrower on [redacted]
 04/16/2025     1 C A C A C A C A C A   OH Primary Purchase   C A B A C A A A Non QM Non QM No
223198155 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) [redacted]Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-16): Received Appraisal delivery document which confirms appraisal report was sent to the borrower on [redacted]


Buyer Comment (2025-04-16): appraisal delivery [redacted]
 04/16/2025     1 C A C A C A C A C A   OH Primary Purchase   C A B A C A A A Non QM Non QM No
223198155 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than [redacted]Loan Amount.   The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-17): Final title received.


Buyer Comment (2025-04-16): uploaded updated title work
 04/17/2025     1 B A B A B A B A B A   OH Primary Purchase   C A B A C A A A Non QM Non QM No
223198182 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Provided [redacted]worksheet considered [redacted]% expense ratio which will increase the [redacted]. CPA letter states [redacted]% expense ratio. Please provided correct [redacted]income worksheet.       Reviewer Comment (2025-04-18): received updated income calculation worksheet.


Buyer Comment (2025-04-16): Total amount to use for underwriting is split [redacted]% for B-1 and [redacted]% for B-2 per CPA letter of ownership--see uploaded UW calc
 04/18/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223198183 [redacted] [redacted]   XXXX     Credit Credit Credit Documentation Credit Missing Document: [redacted]not provided   [redacted]search is required for borrowing business entity.       Reviewer Comment (2025-04-18): Received OFAC. Condition cleared.


Buyer Comment (2025-04-16): OFAC
 04/18/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
223198192 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Appraisal report dated[redacted] missing evidence of receipt.       Reviewer Comment (2025-04-16): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.


Buyer Comment (2025-04-15): Appraisal receipt showing appraisal emailed to borrower.
 04/16/2025     1 B A B A B A B A B A   NJ Primary Purchase   C A A A C A A A Non QM Non QM No
223198192 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted]Non Compliant Federal Higher-Priced Mortgage Loan: [redacted]on subject loan of [redacted]% or Final Disclosure [redacted]of [redacted]% is equal to or greater than the threshold of [redacted][redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. [redacted]on subject loan of [redacted]% or Final Disclosure [redacted]of [redacted]% is equal to or greater than the threshold of [redacted][redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2025-04-16): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.
 04/16/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A A A C A A A Non QM Non QM No
223198192 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) [redacted] Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Appraisal report dated[redacted] missing evidence of receipt.       Reviewer Comment (2025-04-16): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.


Buyer Comment (2025-04-15): receipt showing appraisal sent to borrower
 04/16/2025     1 C A C A C A C A C A   NJ Primary Purchase   C A A A C A A A Non QM Non QM No
223198242 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   lender exception:
- Requesting to use [redacted][redacted]Letters in file in lieu of standard [redacted]for current rent and most recent [redacted]months consecutive cancelled checks (front and back) along with a copy of the lease for prior rent
[redacted] excellent credit with [redacted] with [redacted] credit depth. [redacted] owns [redacted] mortgaged investment properties with clean history. [redacted] with currently employer [redacted] in same line of work. Reserve [redacted] [redacted] and [redacted] [redacted] will be own funds as well as funds to close. [redacted] currently rents from management company [redacted] however unwilling to provide only the [redacted] letter and [redacted] prior rented from individual for [redacted]and unable to provide most recent months consecutive cancelled checks (front and back) along with a copy of the lease.
Exception has been approved with compensating factors:
- Loan to Value [redacted]% or more under requirement
- [redacted][redacted]points or more above requirement
- Long term Employment (>[redacted]years)		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-11): Client elected to waive exceptions with compensating factors.
     04/11/2025 2 B B B B B B B B B B   FL Primary Purchase   C B B B C A A A Non QM Non QM No
223198242 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Revised [redacted] Timing Before Closing [redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted]not received by borrower at least [redacted] ([redacted]) business days prior to closing. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2025-04-17): [redacted] received proof of receipt.


Buyer Comment (2025-04-15): Proof of Delivery
 04/17/2025     1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C B B B C A A A Non QM Non QM No
223198244 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation [redacted]/Declarations:  F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes.  Missing  documented and/or does not meet guideline requirements. - Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application was entered as Yes on the final loan application.       Reviewer Comment (2025-04-21): Updated 1003 received confirming "NO" for declaration F. Exception Cleared.


Buyer Comment (2025-04-18): Corrected 1003
 04/21/2025     1 C A C A C A C A C A   FL Second Home Purchase   C A C A C A A A Non QM Non QM No
223198244 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Revised Loan Estimate Timing Before Closing [redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted]not received by borrower at least four ([redacted]) business days prior to closing. Evidence borrower received Loan estimate dated [redacted]at least [redacted] business days prior to closing is missing.       Reviewer Comment (2025-04-15): Disclosure tracking provided


Buyer Comment (2025-04-14): Proof of LE deliv
 04/15/2025     1 C A C A C A C A C A   FL Second Home Purchase No Defined Cure C A C A C A A A Non QM Non QM No
223198271 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Require additional asset to fulfill cash from borrower requirements.. Evidence of borrower's receipt of the secured funds was not located in the file. there is a Heloc statement in the file, however it does not evidence the funds are in the borrower's account and available for subject transaction.       Reviewer Comment (2025-04-21): Received closing disclosure showing cash out funds from a different property which meets cash from borrower requirement. Exception cleared.


Buyer Comment (2025-04-17): uploaded final cd & Note from [redacted] ln #[redacted]. Brw recvd over $[redacted] cash back from this transaction.
 04/21/2025     1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
223198271 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: [redacted]reserves months discrepancy.   Lender requested an exception which was approved for [redacted]is at [redacted]low [redacted]of [redacted]%. Pending verification of sufficient assets for reserves.       Reviewer Comment (2025-04-21): Received closing disclosure showing cash out funds from a different property which meets reserve requirement. Exception cleared.


Buyer Comment (2025-04-17): see uploaded final cd & Note from [redacted] ln #[redacted]. Brw recvd over $[redacted] cash back from this transaction;
 04/21/2025     1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
223198271 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request for [redacted]at [redacted]Low [redacted]of [redacted]%-Pending verification of Sufficient assets for reserves. Lender exception was approved with the following conditions: Max [redacted]% [redacted], Min [redacted][redacted], Appraiser to provide [redacted], Min [redacted] year [redacted].. Unable to downgrade and waive due to insufficient assets for closing and reserves. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-21): Client elects to waive with compensating factors.


Buyer Comment (2025-04-17): see uploaded final cd & Note from [redacted] ln #[redacted]. Brw recvd over $[redacted] cash back from this transaction;
     04/21/2025 2 C B C B C B C B C B   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
223198393 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. File is missing evidence final appraisal dated [redacted] was provided and received by borrower [redacted]days prior to closing.       Reviewer Comment (2025-04-15): Delivery evidence received.


Buyer Comment (2025-04-11): Appraisal delivery
 04/15/2025     1 B A B A B A B A B A   TX Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223198394 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided.       Reviewer Comment (2025-04-15): Client elects to waive.


Buyer Comment (2025-04-14): Proof Appraisal sent to borrower
     04/15/2025 2 B B B B B B B B B B   TX Investment Purchase   B B A A B B A A N/A Exempt from ATR No
223203609 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] [redacted]Threshold Test Compliant [redacted]Higher-Priced Mortgage Loan: [redacted]on subject loan of [redacted]% or Final Disclosure [redacted]of [redacted]% is equal to or greater than the threshold of [redacted][redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan.         Reviewer Comment (2025-04-15): Client elects to waive.
     04/15/2025 2 B B B B B B B B B B   MA Primary Refinance - Cash-out - Other No obvious cure C B A A C B A A Non QM Non QM No
223203609 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Final Closing Disclosure Amount Financed Test [redacted] Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Amount finance charge exception is due to Title- Tax Certification Fee of $[redacted].       Reviewer Comment (2025-04-17): [redacted] received LOA


Buyer Comment (2025-04-15): Rebut
 04/17/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
223203609 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Final Closing Disclosure Finance Charge [redacted]Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance charge exception is due to Title- Tax Certification Fee of $[redacted].       Reviewer Comment (2025-04-17): [redacted] received LOA


Buyer Comment (2025-04-15): Rebut
 04/17/2025     1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
223204215 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   NJ Second Home Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223204215 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing
   04/09/2025   1 A A A A A A A A A A   NJ Second Home Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223212314 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Please provided updated subject property address in appraisals.       Reviewer Comment (2025-04-18): Received corrected appraisal. Condition cleared.


Buyer Comment (2025-04-16): Please see attached
 04/18/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
223212314 [redacted] [redacted]   XXXX     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Please provided updated subject property address in appraisals.       Reviewer Comment (2025-04-18): Received corrected appraisal. Condition cleared.
 04/18/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
223212317 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The file is missing a copy of Final Title policy.       Reviewer Comment (2025-04-24): Exception Cleared, received Final Title Policy.
 04/24/2025     1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
223212317 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted][redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-24): Exception Cleared, received Final Title Policy.


Buyer Comment (2025-04-23): Final Title Policy
 04/24/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
223212318 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender approved exception at origination for "Our borrower is requesting to purchase an investment property utilizing [redacted]to qualify while not being able to meet the qualifications to obtain a Landlord History Waiver. Section [redacted]requires a [redacted][redacted] to obtain a [redacted]. ***Comments from the [redacted]: Exception for [redacted]ratio being less than [redacted]for a borrower with no landlord history." Lender exception was approved with following conditions: [redacted]% [redacted]Max, Minimum [redacted],Minimum [redacted] [redacted]. Unable to downgrade and waive due to insufficient [redacted] as required by lender exception approval. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-21): Client elects to waive with compensating factors.


Buyer Comment (2025-04-17): updated exception
     04/21/2025 2 C B C B C B C B C B   CA Investment Purchase   C B C B     A A   N/A No
223212318 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject [redacted]) discrepancy.   Minimum [redacted]to be .[redacted]per lender exception approval. The [redacted]is at .[redacted]. Rental income at $[redacted]. Property expenses at $[redacted].       Reviewer Comment (2025-04-21): Received updated exception approval. Condition cleared.


Buyer Comment (2025-04-18): exception
 04/21/2025     1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
223212319 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for Lack of [redacted]years seasoned trade and no housing tradeline. Borrower does not meet tradeline requirement and does not have primary housing tradeline. The borrower owns a rental property free and clear in [redacted].
Compensating factors:
Reserves [redacted]+ months more than requirement.
Residual Income $[redacted]or more.
Minimal Consumer Debt.
The exception was approved with [redacted] exception [redacted]
Conditions:
[redacted] [redacted] Max.
[redacted] [redacted] Max.
Subject to adding [redacted] Alt tradeline.
Subject to the evidence that the deal with [redacted] is in place.
Subject to [redacted]to determine that borrower's income is stable.
Subject to an immigration attorney letter to confirm the borrower is able to maintain self-employment income with a [redacted] Visa.
Subject to meeting all other signature expanded guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Preapproved exception
     04/14/2025 2 B B B B B B B B B B   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212319 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for Borrower owned a company out of the country prior to coming to the [redacted][redacted]but does not meet [redacted]years self employed in the [redacted]. (has [redacted]months).
Compensating factors:
Reserves [redacted]+ months more than requirement.
Residual Income $[redacted]or more.
Minimal Consumer Debt.
The exception was approved with [redacted]exception [redacted]
Conditions:
[redacted]% [redacted]Max.
[redacted]% [redacted]Max.
Subject to adding [redacted]Alt tradeline.
Subject to the evidence that the deal with [redacted]is in place.
Subject to [redacted]to determine that borrower's income is stable.
Subject to an immigration attorney letter to confirm the borrower is able to maintain self-employment income with a [redacted]Visa.
Subject to meeting all other signature expanded guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Preapproved exception
     04/14/2025 2 B B B B B B B B B B   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212319 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted]Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Sewer Repairs Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]l Fee was added without any valid changed circumstances, no cure was provided.       Reviewer Comment (2025-04-18): [redacted] received Letter of explanation and Corrected Closing disclosure.


Buyer Comment (2025-04-16): Please see attached
 04/18/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223212322 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation. Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided.       Reviewer Comment (2025-04-17): The proof of Appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-15): appraisal delivery [redacted] uploaded
 04/17/2025     1 B A B A B A B A B A   MA Investment Purchase   C A C A B A A A N/A Non QM No
223212322 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - Missing evidence of consent to receive electronic disclosures.       Reviewer Comment (2025-04-16): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-04-15): econsent uploaded
 04/16/2025     1 C A C A C A C A C A   MA Investment Purchase   C A C A B A A A N/A Non QM No
223212326 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary title policy amount is not provided on Preliminary title report.       Reviewer Comment (2025-04-16): Received Title Commitment document with valid policy amount, information validated accordingly. Exception Cleared.


Buyer Comment (2025-04-15): title supplement
 04/16/2025     1 B A B A B A B A B A   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212326 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation [redacted]Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. No evidence that borrower received a copy of appraisal at least [redacted]business days to closing.       Reviewer Comment (2025-04-16): Received proof/receipt which confirms copy of appraisal report e-mail to borrower from [redacted] business days prior to closing date, information validated. Exception cleared.


Buyer Comment (2025-04-15): appraisal delivery
 04/16/2025     1 B A B A B A B A B A   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212326 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application [redacted]Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted]) business days of application. Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]business days of application.       Reviewer Comment (2025-04-16): Received Disclosure Tracking details/document and it is showing Affiliated Business Arrangement Disclosure provided to borrower within [redacted] business days of application, information validated. Exception Cleared.


Buyer Comment (2025-04-15): Please see disclosure tracking showing disclosure was included in the package
 04/16/2025     1 B A B A B A B A B A   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212326 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Collateral exception request for a non-warrantable condo due to critical repairs. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than or equal to [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score is above [redacted].		 Lender approved exception with comp factors. SitusAMC,Originator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Lender approved exception with comp factors.
     04/14/2025 2 B B B B B B B B B B   CA Primary Purchase   C B B B C A A A Non QM Non QM No
223212326 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The fee for Loan Discount Points was added on the [redacted] Closing Disclosure. The file did not contain a valid Change of Circumstance for the added fee or evidence of a tolerance cure.       Reviewer Comment (2025-04-18): [redacted] received COC and supporting email log.


Buyer Comment (2025-04-17): COC
 04/18/2025     1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
223212341 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) [redacted]Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided.       Reviewer Comment (2025-04-16): Exception cleared. Received document and updated correctly.


Buyer Comment (2025-04-15): Proof of Appraisal Receipt and Appraisal/Valuation Acknowledgement
 04/16/2025     1 B A B A B A B A B A   CO Second Home Purchase   C A A A C A A A Non QM Non QM No
223212341 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. Total [redacted]% tolerance fees disclosed as $[redacted]on the initial Loan Estimate but disclosed as $[redacted]on the Final Closing Disclosure.  A valid change of circumstance is not provided for fee increase and no evidence of tolerance cure is provided.       Reviewer Comment (2025-04-21): [redacted] received Post CD along with LOX by moving fee to section C.


Buyer Comment (2025-04-18): PCCD


Reviewer Comment (2025-04-17): [redacted] In order to clear this exception kindly provide PCCD and  moving Title Lender title insurance and Title Closing Protection letter fee to section C as borrower shopped for services.


Buyer Comment (2025-04-16): [redacted] Memo
 04/21/2025     1 C A C A C A C A C A   CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212341 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]- Processing Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]- Processing Fee was not disclosed on the initial Loan Estimate.  A valid change of circumstance is not provided for disclosure of new fee and no evidence of tolerance cure provided.  Fee was disclosed in Section [redacted] of the final [redacted], thus, is subject to change tolerances.       Reviewer Comment (2025-04-17): [redacted] Received Corrected PCCD and LOE moving HOA fees to section H.


Buyer Comment (2025-04-16): PCCD
 04/17/2025     1 C A C A C A C A C A   CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212341 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Homeowner's Dues were not disclosed on the initial Loan Estimate.  A valid change of circumstance is not provided for disclosure of new fee and no evidence of tolerance cure provided.  Fee was disclosed in Section [redacted] of the final CD, thus, is subject to change tolerances.       Reviewer Comment (2025-04-17): [redacted] Received Corrected PCCD and LOE moving HOA fees to section H.


Buyer Comment (2025-04-16): Please see PCCD uploaded today
 04/17/2025     1 C A C A C A C A C A   CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212341 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted] Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]- Community Enhancement.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted]- Community Enhancement was not disclosed on the initial Loan Estimate.  A valid change of circumstance is not provided for disclosure of new fee and no evidence of tolerance cure provided.  Fee was disclosed in Section [redacted] of the final CD, thus, is subject to change tolerances.       Reviewer Comment (2025-04-17): [redacted] Received Corrected PCCD and LOE moving HOA fees to section H.


Buyer Comment (2025-04-16): Please see PCCD uploaded today
 04/17/2025     1 C A C A C A C A C A   CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212344 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  [redacted]Documents are missing. -         Reviewer Comment (2025-04-23): Received Closing Disclosure. Exception cleared.


Buyer Comment (2025-04-21): See attached. Note, both HOI and taxes are escrowed per the final signed/dated CD attached.


Reviewer Comment (2025-04-21): The closing disclosure in [redacted] is incomplete and does not reflect any payment. Please provide a complete signed Closing disclosure for this property to verify the total payment.


Buyer Comment (2025-04-17): Please see internal doc [redacted] for [redacted] premium, [redacted]st year's premium was paid at close. Attached is the tax cert
 04/23/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223212345 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) [redacted]Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2025-04-17): Appraisal delivery receipt received. Exception cleared


Buyer Comment (2025-04-16): Please see attached
 04/17/2025     1 B A B A B A B A B A   OH Second Home Purchase   C A C A B A A A Non QM Non QM No
223212345 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Final [redacted]provided indicates borrower will occupy subject property as primary.       Reviewer Comment (2025-04-18): Updated 1003 received and verified. Exception cleared


Buyer Comment (2025-04-16): Please see attached
 04/18/2025     1 C A C A C A C A C A   OH Second Home Purchase   C A C A B A A A Non QM Non QM No
223212345 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted]% tolerance was exceeded by $[redacted]due to increase of recording fee.  No valid [redacted]provided, nor evidence of cure in file. Provide a post-close [redacted]disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1 A A A A A A A A A A   OH Second Home Purchase Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
223212345 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee was  last disclosed as $[redacted]on [redacted]but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid [redacted]for this fee, nor evidence of cure in file.   Provide a post-close [redacted]disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1 A A A A A A A A A A   OH Second Home Purchase Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
223212545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted]Lender Credit Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. Lender credit added in Final closing disclosure [redacted] and no Valid change circumstance in file. The final [redacted]reflected the lender credit in the borrower-paid column without the negative sign that should have been there - it should have been reflected "-[redacted]" to properly account for the tolerance cure.       Reviewer Comment (2025-04-21): [redacted] received LOE


Buyer Comment (2025-04-18): Rebut
 04/21/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted][redacted]Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee in Loan estimate is $[redacted]and closing disclosure reflects $[redacted]. No Valid change circumstance in file.  The final [redacted]reflected the lender credit in the borrower-paid column without the negative sign that should have been there - it should have been reflected "-[redacted]" to properly account for the tolerance cure.       Reviewer Comment (2025-04-21): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception."


Buyer Comment (2025-04-18): Rebut
 04/21/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect [redacted] [redacted]Percent Tolerance Violation Without Sufficient Cure Provided [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee in Loan estimate is $[redacted]and closing disclosure reflects $[redacted]. No Valid change circumstance in file. The final [redacted]reflected the lender credit in the borrower-paid column without the negative sign that should have been there - it should have been reflected "-[redacted]" to properly account for the tolerance cure.       Reviewer Comment (2025-04-21): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception."


Buyer Comment (2025-04-18): Rebut
 04/21/2025     1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223212545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing.       Reviewer Comment (2025-04-21): Sufficient Cure Provided At Closing
   04/21/2025   1   A   A   A   A   A   TN Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223212545 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID [redacted][redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing.       Reviewer Comment (2025-04-21): Sufficient Cure Provided At Closing
   04/21/2025   1   A   A   A   A   A   TN Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223212547 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to [redacted]cash out, owned free and clear, loan amount is [redacted], professional investor-owns multiple [redacted], owns primary, no derogatory credit minimal usage of debt, [redacted]reserves-using cash out to qualify. [redacted]>[redacted]. Lender exception was approved with following with conditions: Max [redacted]% [redacted], Min [redacted][redacted], Any loan which is deemed to be high cost as defined by federal and state regulation is not allowed under signature expanded, [redacted]% point/free is applied to all signature expanded loans regardless of whether or not they are under the scope of high cost ( however defined) and regardless of consumer vs business purpose, No PPP due to state and loan amount Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Preapproved exception
     04/14/2025 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
223214256 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   File is missing a signed/dated close out letter for the Heloc paid at closing.       Reviewer Comment (2025-04-18): Received close out letter. Condition cleared.


Buyer Comment (2025-04-16): HELOC Closeout Letter
 04/18/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223214256 [redacted] [redacted]   XXXX     Credit Guideline Guideline Issue Guideline Verification of housing pay history is required.   File is missing the most recent [redacted]month pay history for the borrower's [redacted]mortgage on the primary residence.       Reviewer Comment (2025-04-17): [redacted] months payment history is received. Exception cleared.


Buyer Comment (2025-04-16): Payment History
 04/17/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223222567 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-04-16): E-sign Consent Agreement received, exception cleared.


Buyer Comment (2025-04-15): Please see attached
 04/16/2025     1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C A C A A A A A Non QM Non QM No
223222569 [redacted] [redacted]   XXXX     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec [redacted]     The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-23): Cleared. Received updated 1008 reflecting lower appraisal value used for LTV


Reviewer Comment (2025-04-22): Unable to downgrade and waive exception for property value. Per guidelines If the variance between the CDA and appraisal  is greater than [redacted]%, an additional appraisal review product must be completed.


Buyer Comment (2025-04-18): Exception approval for CDA variance.


Buyer Comment (2025-04-18): Exception request for CDA variance.


Buyer Comment (2025-04-18): Revised 1008
 04/23/2025     1 C A C A C A C A C A   AZ Investment Purchase   C B B B     C A   N/A No
223222569 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception at origination provided.  Exception is needed due to Section [redacted]: Acceptance of [redacted]Outside Variance. The subject is a legally zoned [redacted]bd/[redacted]ba [redacted] located in XXXX, [redacted] . The appraised value came in at $[redacted], which is higher than the purchase price of $[redacted]. Due to a [redacted][redacted] [redacted] , a [redacted]was required. However, the [redacted]returned with the value of $[redacted](covering purchase price), but is outside of the acceptable variance, at -[redacted]%.***PRIOR EXCEPTION: Borrower assets are just under an additional [redacted]months(on top of current required [redacted]months subject reserves) with current [redacted]but taxes/insurance have yet to be validated. Borrower credit score is [redacted]points over requirement (at any [redacted]per page [redacted]) and has minimal consumer debt of $[redacted]a month after the mortgages attached to rental properties. Lender exception was approved with following conditions: Minimum [redacted][redacted], [redacted]/[redacted], Minimum [redacted]-year PPP The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Lender approved exception with comp factors.
     04/14/2025 2 B B B B B B B B B B   AZ Investment Purchase   C B B B     C A   N/A No
223222569 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender exception at origination provided to exceed the [redacted]% max on short term rental on [redacted] loan. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-14): Lender approved exception with comp factors.
     04/14/2025 2 B B B B B B B B B B   AZ Investment Purchase   C B B B     C A   N/A No
223222569 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided for CDA with [redacted] % variance vs [redacted]% max per guideline. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-23): Client elects to waive with compensating factors.
     04/23/2025 2   B   B   B   B   B   AZ Investment Purchase   C B B B     C A   N/A No
223223856 [redacted] [redacted]   XXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The loan amount changed after issuance of title commitment. The final title policy is not provided for review.       Reviewer Comment (2025-04-24): Cleared. Received updated page title reflecting correct loan amount.


Buyer Comment (2025-04-24): title policy amount
 04/24/2025     1 B A B A B A B A B A   CA Primary Refinance - Rate/Term   B A B A A A A A Non QM Non QM No
223223953 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: -         Reviewer Comment (2025-04-22): Cleared. Received post-closing 4506 C.


Reviewer Comment (2025-04-17): Received 4506-C signed after the Note date. Exception remains.


Buyer Comment (2025-04-16): 4506c
 04/22/2025     1 C A C A C A C A C A   TN Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223223953 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Neither evidence of delivery of updated appraisal nor compliant acknowledgment of receipt signed at closing provided.       Reviewer Comment (2025-04-16): Received appraisal notice for the evidence of appraisal delivery. Exception cleared.


Buyer Comment (2025-04-15): appraisal delivery
 04/16/2025     1 B A B A B A B A B A   TN Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223223953 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Neither evidence of delivery of [redacted] nor compliant acknowledgment of receipt signed at closing provided.       Reviewer Comment (2025-04-16): Client elects to waive.
     04/16/2025 2 B B B B B B B B B B   TN Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223224236 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception request- Non warrantable condo due to insufficient insurance.
Compensating factors- Fico [redacted] points or more above requirement, Total Debt [redacted]% or more under requirement, Residual Income $[redacted]or more, long term employment (>[redacted] years) , Long term Homeownership ([redacted] Years),
Approved Exception: We are requesting an exception due to one non-warrantable characteristic- [redacted] coverage on [redacted] .		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-17): Client elects to waive with compensating factors.


Buyer Comment (2025-04-15): Please provide more detail regarding what is being requested or clear with the exception already in file.
     04/17/2025 2 C B C B C B C B C B   FL Second Home Purchase   C B C B A A A A Non QM Non QM No
223224240 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request for [redacted] non-warrantable characteristic. Please note we just received an exception on a previous review on [redacted]. Repair needed on the HOA's fire protection system and characteristics for a a condotel, ( unit owners can purchase a short term rental license) Lender exception was approved with the following conditions: Max LTV of [redacted]%, Rate sheet [redacted] for non-warrantable condo applies in addition to exception LLPA listed above, Minimum [redacted] -Year PPP.  *** Unable to waive/downgrade due to missing lender's compensating factors. *** Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-22): Client elected to waive exceptions with compensating factors.


Buyer Comment (2025-04-18): see uploaded lox and exception
     04/22/2025 2 C B C B C B C B C B   CO Investment Purchase   C B C B A A A A N/A Exempt from ATR No
223224325 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. - Final [redacted] section [redacted] shows occupancy is primary, but borrower declared property won't be occupied as primary residence in Section [redacted]: Declarations.       Reviewer Comment (2025-04-22): Updated [redacted] received, Exception Cleared.


Buyer Comment (2025-04-21): Rebuttal and URL
 04/22/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
223224333 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall finding due to the missing date on the CPA letter in file,  resulting in a loan designation discrepancy.       Reviewer Comment (2025-04-17): CPA letter date updated
 04/17/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
223224333 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Income documentation requirements not met  due to the missing date on the CPA letter in file,       Reviewer Comment (2025-04-17): doc was in file
 04/17/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223224333 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall finding due to the missing date on the [redacted]  letter in file.       Reviewer Comment (2025-04-17): CPA letter date was provided
 04/17/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Non QM No
223224342 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Assets for Closing of  $[redacted] is less than required Cash From Borrower of $[redacted].       Reviewer Comment (2025-04-22): Received Final Closing Disclosure with gift funds of $[redacted] and [redacted] including gift funds along with donor check. Exception cleared.
 04/22/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223224342 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated reserves of [redacted] is less than Guideline required reserves of [redacted].       Reviewer Comment (2025-04-22): Received Final Closing Disclosure with gift funds of $[redacted] and [redacted] including gift funds along with donor check. Exception cleared.


Buyer Comment (2025-04-18): Please see attached. The borrower has enough assets.
 04/22/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223224342 [redacted] [redacted]   XXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Source of Gift funds is missing in the file.       Reviewer Comment (2025-04-22): Received donor check of $[redacted] for gift funds which can be verified from Final closing disclosure and [redacted]. Exception cleared.


Reviewer Comment (2025-04-21): Received official checks do not reflect the gift amount $[redacted]. Exception remains.


Buyer Comment (2025-04-18): Donor Check
 04/22/2025     1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
223224358 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   File is missing a copy of the Title Commitment/ final title policy.       Reviewer Comment (2025-04-18): Title commitment received.


Buyer Comment (2025-04-17): Commitment
 04/18/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223224358 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML Federal [redacted] [redacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.       Reviewer Comment (2025-04-18): Evidence of appraisal revision receipt provided.


Buyer Comment (2025-04-17): Please see receipt of appraisal uploaded today.
 04/18/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223224358 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-04-18): Evidence of appraisal revision receipt provided.


Buyer Comment (2025-04-17): Appraisal received
 04/18/2025     1 B A B A B A B A B A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223224358 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide a copy of Appraisal acknowledgement disclosure with [redacted] business days prior to consummation.       Reviewer Comment (2025-04-18): Evidence of appraisal revision receipt provided.


Buyer Comment (2025-04-17): Please see appraisal delivery receipt uploaded today.
 04/18/2025     1 C A C A C A C A C A   CO Primary Purchase   C A C A C A A A Non QM Non QM No
223224895 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-04-16): E-sign Consent Agreement received, exception cleared.


Buyer Comment (2025-04-15): Consent
 04/16/2025     1 C A C A C A C A C A   WA Primary Purchase   C A C A A A A A Non QM Non QM No
223225795 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided - [redacted] [redacted] date birth is missing. (non-borrower)       Reviewer Comment (2025-04-17): [redacted] r is member in note .Birth Date is not required. Exception Cleared.


Buyer Comment (2025-04-16): this is an [redacted] and is not required. please cancel condition
 04/17/2025     1 B A B A B A B A B A   PA Investment Purchase   B A B A     A A   N/A No
223226163 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing
   04/11/2025   1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223226338 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt       Reviewer Comment (2025-04-17): Delivery evidence received.


Buyer Comment (2025-04-15): Receipt
 04/17/2025     1 B A B A B A B A B A   UT Second Home Purchase   C B C B B A A A Non QM Non QM No
223226338 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request [redacted]features and hazard coverage is not [redacted]% replacement Cost Value> Lender exception was approved with the follow conditions: Max [redacted] LTV, Subject to the  [redacted] per the rate sheet Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Documentation Type: [redacted]
Disposable Income: $[redacted]

DTI: [redacted]%
Guideline Maximum DTI: [redacted]%

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-21): Client elects to waive with compensating factors.


Buyer Comment (2025-04-17): We can ask for a clarification but, I am thinking since this is a bank statement loan they might mean the UW income bank statement calculation?
     04/21/2025 2 C B C B C B C B C B   UT Second Home Purchase   C B C B B A A A Non QM Non QM No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Articles of Organization/Formation is missing.       Reviewer Comment (2025-04-16): Received Articles of Organization/Formation document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-16): [redacted]
 04/16/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing.       Reviewer Comment (2025-04-21): Business Purpose Certificate provided and verified. Exception cleared.


Buyer Comment (2025-04-18): BPC
 04/21/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing.       Reviewer Comment (2025-04-16): Received Certificate of Good Standing document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-16): Good Standing
 04/16/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing.       Reviewer Comment (2025-04-16): Received Corporate Resolution document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-16): Resolution
 04/16/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Document to verify Employer Identification Number (EIN) is missing from the file.       Reviewer Comment (2025-04-16): Received Employer Identification Number (EIN) document. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-16): EIN
 04/16/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating agreement not provided.       Reviewer Comment (2025-04-16): Received Operating Agreement for the borrowing entity. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-16): Operating Agreement
 04/16/2025     1 C A C A C A C A C A   TN Investment Purchase   D A D A     A A   N/A No
223226920 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guarantor agreement not provided.       Reviewer Comment (2025-04-18): Guarantor agreement is not required as borrower signed note as a individual. Exception Cleared.


Buyer Comment (2025-04-17): unanimous consent
 04/18/2025     1 D A D A D A D A D A   TN Investment Purchase   D A D A     A A   N/A No
223234871 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). Amount financed disclosed as $[redacted] vs actual amount financed of $[redacted]. Variance of  $[redacted].       Reviewer Comment (2025-04-22): [redacted] received statement of fee purpose.


Buyer Comment (2025-04-21): Email Rebuttal


Reviewer Comment (2025-04-18): [redacted] reviewed lender's compliance report to [redacted] calculations and appears the Title-Tax Certification Fee $[redacted] was not included in lender calculations. While we acknowledge that a one-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under[redacted](c)([redacted]), any portion of a charge for life of loan tax service is considered a finance charge.  Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [redacted] ([redacted])(c)([redacted])-[redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge.


Buyer Comment (2025-04-17): Please see PG [redacted]D[redacted] Final Mavent and PG [redacted] D[redacted]Final CD. Amount Financed Matches.
 04/22/2025     1 C A C A C A C A C A   PA Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C A A A Non QM Non QM Yes
223234871 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed is $[redacted]. Calculated finance charge is $[redacted]. Variance of $[redacted]. Based on the review discrepancy occurred due to  APR variance of [redacted]%. Calculated APR [redacted]% however APR disclosed is [redacted]%.  TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable       Reviewer Comment (2025-04-22): [redacted] received statement of fee purpose.


Buyer Comment (2025-04-21): See upload


Reviewer Comment (2025-04-18): [redacted]  reviewed lender's compliance report to [redacted] calculations and appears the Title-Tax Certification Fee $[redacted] was not included in lender calculations. While we acknowledge that a one-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [redacted](c)([redacted]), any portion of a charge for life of loan tax service is considered a finance charge.  Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [redacted] ([redacted])(c)([redacted])-[redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge.


Buyer Comment (2025-04-17): Please see PG[redacted] D[redacted] Final Mavent and PG [redacted] D[redacted] Final CD. Finance Charge Matches.
 04/22/2025     1 C A C A C A C A C A   PA Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B B B C A A A Non QM Non QM Yes
223234871 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing
   04/14/2025   1 A A A A A A A A A A   PA Primary Refinance - Rate/Term Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
223234871 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to use [redacted]% if the K-1 income with ex-spouse listed as [redacted]% owner(borrower was awarded [redacted]% of business in the separation) is approved. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elected to waive exceptions with compensating factors.
     04/15/2025 2 B B B B B B B B B B   PA Primary Refinance - Rate/Term   C B B B C A A A Non QM Non QM No
223234871 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Loan is underwritten as Rate/Term instead of cash-out. $[redacted]K of the proceed is going to buyer's ex-spouse for business buyout. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elected to waive exceptions with compensating factors.
     04/15/2025 2 B B B B B B B B B B   PA Primary Refinance - Rate/Term   C B B B C A A A Non QM Non QM No
223234905 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.         Reviewer Comment (2025-04-18): Received appraisal notice for the evidence of appraisal delivery. Exception cleared.


Buyer Comment (2025-04-17): proof of appraisal delivery
 04/18/2025     1 B A B A B A B A B A   GA Primary Purchase   B A A A B A A A Non QM Non QM No
223234916 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal report dated [redacted] missing evidence of receipt.       Reviewer Comment (2025-04-18): Client elects to waive.
     04/18/2025 2 B B B B B B B B B B   IL Primary Purchase   B B A A B B A A Non QM Non QM No
223234967 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Appraisal Review Fee of $[redacted] was added as a charge on CD issued on [redacted] and COC reflecting the addition of this fee was not issued until [redacted]. Cure of $[redacted] disclosed on the Final Closing Disclosure is insufficient to cover [redacted] tolerance violations totaling $[redacted].       Reviewer Comment (2025-04-23): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-22): LOX, PCCD, [redacted]Ex, [redacted] Copy
   04/23/2025   2 C B C B C B C B C B   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223234967 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee. Cure of $[redacted] disclosed on the Final Closing Disclosure is insufficient to cover [redacted] tolerance violations totaling $[redacted].       Reviewer Comment (2025-04-21): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-18): Rebuttal
 04/21/2025     1 C A C A C A C A C A   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223234999 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in the file.       Reviewer Comment (2025-04-17): Business Purpose Certificate provided , Exception cleared


Buyer Comment (2025-04-17): Business Purpose
 04/17/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223234999 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided   Verification of Identification is missing in the file.       Reviewer Comment (2025-04-18): Received driver's license and passport. Verified and updated details. Exception Cleared.


Buyer Comment (2025-04-17): IDs
 04/18/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
223235012 [redacted] [redacted]   XXXX     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test Compliant [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan. APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%       Reviewer Comment (2025-04-17): Client elects to waive.
     04/17/2025 2 B B B B B B B B B B   MA Primary Purchase No obvious cure C B C A B B A A Non QM Non QM No
223235012 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception provided in file for [redacted]% LTV which requires a [redacted] month rental history.  Borrower has been renting < [redacted] years however not all payments are verifiable due to cash payments. Lease is provided in file.  

Approved with -[redacted]LLPA.		       Reviewer Comment (2025-04-18): Received Verification of Rent for the source of history. Exception cleared.


Buyer Comment (2025-04-17): VOR
 04/18/2025     1 C A C A C A C A C A   MA Primary Purchase   C B C A B B A A Non QM Non QM No
223236158 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID  [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided.       Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing
   04/15/2025   1 A A A A A A A A A A   PA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223236158 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided.       Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing
   04/15/2025   1 A A A A A A A A A A   PA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223236276 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Cash-out refi [redacted] investment loan. Requesting LTV [redacted]%, [redacted] [redacted] using market rents which is less than leases. Cash-out for business purpose. No derogatory credit, minimal usage of debt. Borrower has owned the subject property for at least [redacted] years.

The qualifying [redacted] on the loan is greater than the guideline minimum.		 The [redacted] of [redacted] is greater than the minimum required [redacted] of [redacted] SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-04-21): Client elects to waive with compensating factors.


Buyer Comment (2025-04-17): See D[redacted]and D[redacted]
     04/21/2025 2 C B C B C B C B C B   MA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.         Reviewer Comment (2025-04-21): [redacted] received e-consent dated [redacted].


Buyer Comment (2025-04-18): E Consent
 04/21/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank [redacted]): Unable to verify assets using reasonably reliable third-party records. Waterfall finding due to the missing bridge loan documentation to evidence receipt and repayment terms.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): Bridge loan info
 04/23/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Fail. Data updated correctly.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): bridge loan Info on CD
 04/23/2025     1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Data updated correctly.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.
 04/23/2025     1 A A A A A A A A A A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall finding due to the missing bridge loan documentation to evidence receipt and repayment terms.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): Bridge loan CD
 04/23/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236535 [redacted] [redacted]   XXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   File is missing bridge loan documentation to evidence receipt and repayment terms.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): Bridge loan CD
 04/23/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236535 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. Waterfall finding due to the missing bridge loan documentation to evidence receipt and repayment terms, resulting in a loan designation discrepancy.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): Bridge loan CD
 04/23/2025     1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
223236538 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-04-21): Title supplemental received.


Buyer Comment (2025-04-18): Title Sup
 04/21/2025     1 B A B A B A B A B A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
223236540 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for [redacted]% LTV/CLTV. Asset qualifier program with non-occupant co-borrower. Asset qualifier program with non occupant co-borrower.   Compensating factors include: Residual income of over $[redacted]/mo and over $[redacted]post closing assets verified. NO reserves required on this product .
The exception was approved with [redacted] exception LLPA.Conditions:[redacted]% LTV Max., Non-[redacted]  to provide LOX addressing details surrounding the large collection in dispute, Subject to meeting all other signature expanded guideline requirements.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points. Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Originator,SitusAMC Reviewer Comment (2025-04-16): Per client, downgrade and waive using comp factors.
     04/16/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B A A A A Non QM Non QM No
223236544 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within [redacted] days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Hazard Insurance Policy expires within [redacted] days of the Note Date.       Reviewer Comment (2025-04-22): Cleared. Received lender correspondence from insurance agent.   Policy meets guideline requirements.


Buyer Comment (2025-04-18): see lox from HOI agent
 04/22/2025     1 B A B A B A B A B A   MA Investment Refinance - Rate/Term   B B B B     A A   N/A No
223236544 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception which was approved to "Our [redacted] borrower is requesting a rate/term refinance of an investment property utilizing [redacted] to qualify while unable to meet the requirements to qualify for a Landlord History Waiver. Section [redacted] requires the borrower to own their current primary residence to obtain a [redacted]. ***Comments from the [redacted]: Investor Cash Flow [redacted]- He does not own primary residence and VOR paid cash. Borrower is [redacted] and does not ow a primary. He has been living as tenant at will at same address for [redacted] years and pays landlord in cash. He owns [redacted] investment multi-family properties and wants to do a rate and terms refinance on both simultaneously. Both are [redacted]% occupied and leased. Lots of positive factors - LTV, [redacted], Reserves, [redacted]-year PPP, and [redacted]% occupancy. Loan number for the other property is [redacted].  File is missing a copy of the final title policy Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The [redacted] ([redacted]) is greater than the guideline requirement by [redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elected to waive exceptions with compensating factors.
     04/15/2025 2 B B B B B B B B B B   MA Investment Refinance - Rate/Term   B B B B     A A   N/A No
223236544 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was approved with the following conditions: [redacted]% LTV Max, Minimum [redacted] [redacted], [redacted] on all housing tradelines, Minimum [redacted] year PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The [redacted] ([redacted]) is greater than the guideline requirement by [redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-15): Client elected to waive exceptions with compensating factors.
     04/15/2025 2 B B B B B B B B B B   MA Investment Refinance - Rate/Term   B B B B     A A   N/A No
223238552 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.       Reviewer Comment (2025-04-21): Client elects to waive.


Reviewer Comment (2025-04-21): Appraisal report delivered to the borrower as per delivery receipt is on [redacted] which is not[redacted] days prior to the note date [redacted]. Exception remains.


Buyer Comment (2025-04-17): appraisal delivery
     04/21/2025 2 B B B B B B B B B B   FL Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223238552 [redacted] [redacted]   XXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Flood insurance coverage amount is insufficient.           Reviewer Comment (2025-04-21): Cleared. Insurance meets fnma guideline requirements.


Buyer Comment (2025-04-17): Please see checklist
 04/21/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C A B B A A N/A Exempt from ATR No
223238555 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request : [redacted] Less than [redacted] with LTV of [redacted]%. Borrower has excellent credit history and excellent reserves verified . [redacted] qualifying credit score and over $[redacted] in reserves. Borrower has owned primary residence for [redacted] years and its free and clear. Borrower owns a rental as well. Lender exception was approved with the following conditions: Max [redacted]% LTV, Min .[redacted][redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Originator,SitusAMC		 Reviewer Comment (2025-04-16): Per client, downgrade and waive using comp factors.
     04/16/2025 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
223238570 [redacted] [redacted]   XXXX     Credit Credit General Credit Initial Rate Lock rate date is not documented in file.   File is missing the [redacted] Rate Lock as required by the client's guidance.       Reviewer Comment (2025-04-21): Rate lock received.


Buyer Comment (2025-04-18): Initial Rate Lock
 04/21/2025     1 C A C A C A C A C A   ME Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223238587 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requesting exception due to section [redacted]: Excess Acreage (>[redacted] acres without like in kind comparables). Exception request for eligibility of subject property. The subject is a legally zoned [redacted] ba (above grade) SFR located in a suburban area with [redacted] acres, and public utilities,. this is a [redacted] appraisal file, and both appraiser have provided comparables that are bracketing of the subject, however, neither appraiser was able to provide a truly "[redacted]" comparable. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-16): Client elected to waive exceptions with compensating factors.
     04/16/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223238587 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing
   04/15/2025   1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
223238587 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Environmental Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing
   04/15/2025   1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
223238589 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Verification Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No valid COC provided, nor evidence of cure in file.       Reviewer Comment (2025-04-23): [redacted]  received valid Changed circumstance and supporting VOE document.


Buyer Comment (2025-04-21): COCs + Supporting Doc
 04/23/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223238590 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2025-04-21): Received evidence of borrower's receipt. Condition cleared.


Buyer Comment (2025-04-17): appraisal delivery
 04/21/2025     1 B A B A B A B A B A   SC Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223238594 [redacted] [redacted]   XXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Provide the mortgage statement for the property [redacted] [redacted[redacted]       Reviewer Comment (2025-04-21): Closing Disclosure received and verified. Exception cleared


Buyer Comment (2025-04-18): final signed CD for property [redacted] w[redacted]th ct to show full payment
 04/21/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A Exempt from ATR No
223238630 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception at origination for  "Borrower is Requesting an exception for less than [redacted] month landlord history and not owning current primary. Borrower owned a property as his primary since [redacted]. He got engaged an moved in with his fiancé and started renting his former residence [redacted] so he doesn't have a [redacted] month history as a landlord He has a [redacted] Year mortgage history and a [redacted] year credit history with no late payments. Assets: $[redacted], $[redacted] coming from a HELOC advance-Closing [redacted] with ours leaving $[redacted]-[redacted] months for reserves. Lender exception was approved with the follow conditions: maximum [redacted]% LTV, Minimum [redacted] [redacted], Utilizing the lesser of market or actual rents, Reserve requirement to be met as within Expanded UW guidelines, Minimum [redacted] Year PPP Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-22): Client elects to waive with compensating factors.


Buyer Comment (2025-04-18): Please provide additional information regarding what is being requested or accept the exception document in file.
     04/22/2025 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
223238630 [redacted] [redacted]   XXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   We have verified the following account #[redacted] as of [redacted] with a balance of $[redacted], #[redacted]with a balance of $[redacted]. We have EMD of $[redacted]. File is missing verification of additional assets used for closing.       Reviewer Comment (2025-04-22): Received closing statement showing cash out funds from a different property which meets cash from borrower requirement. Exception cleared.


Buyer Comment (2025-04-18): Please see attached, you are not taking HELOC funds into account.
 04/22/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
223238630 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   We have verified the following account #[redacted] as of [redacted] with a balance of $[redacted], #[redacted] with a balance of $[redacted]. We have EMD of $[redacted]. File is missing verification of additional assets used for closing.       Reviewer Comment (2025-04-22): Received closing statement showing cash out funds from a different property which meets reserve requirement. Exception cleared.


Buyer Comment (2025-04-18): Please see attached, you are not taking HELOC into account.
 04/22/2025     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
223238636 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   Missing 1-4 Family Rider.       Reviewer Comment (2025-04-22): 1-4 Family Rider received, exception cleared.


Buyer Comment (2025-04-21): 1-4 Rider
 04/22/2025     1 C A C A C A C A C A   LA Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223238636 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Test Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of [redacted] used as disbursement date for compliance testing. Disbursement date is not provided in Final Closing disclosure.       Reviewer Comment (2025-04-24): Received required documentation. Condition cleared.


Buyer Comment (2025-04-22): Final CD


Reviewer Comment (2025-04-22): Doc [redacted] which is considered as a Final CD does not have a disbursement date, provide Final CD with the disbursement date. Condition remains.


Buyer Comment (2025-04-21): Disbursement Date  is listed on Final CD, please cancel
 04/24/2025     1 B A B A B A B A B A   LA Investment Purchase   C A C A B A A A N/A Exempt from ATR No
223238637 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-22): Appraisal report was e-signed confirming appraisal delivery, Exception cleared.


Buyer Comment (2025-04-18): See attached E-signed appraisal at top by borrower.
 04/22/2025     1 B A B A B A B A B A   GA Primary Purchase   B A A A B A A A Non QM Non QM No
223238640 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Revised Loan Estimate provided on [redacted] was received [redacted] which is more than [redacted] ([redacted]) business days prior to closing.       Reviewer Comment (2025-04-21): [redacted] received proof of receipt.


Buyer Comment (2025-04-18): Disclosure Tracking [redacted]
 04/21/2025     1 C A C A C A C A C A   OH Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
223238640 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing. Revised Loan Estimate provided on [redacted] was received [redacted] which is more than [redacted]([redacted]) business days prior to closing.       Reviewer Comment (2025-04-21): [redacted] received proof of receipt.


Buyer Comment (2025-04-18): Disclosure Tracking[redacted]
 04/21/2025     1 C A C A C A C A C A   OH Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
223238640 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Title - Settlement / Closing / Escrow Fee was last disclosed as $[redacted]
on Loan Estimate but disclosed as $[redacted]
 on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.		       Reviewer Comment (2025-04-23): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-22): LOX, PCCD, [redacted] x, Ck Copy
   04/23/2025   2 C B C B C B C B C B   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223238640 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Title - Lender's Title Insurance Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure.  File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-23): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2025-04-22): LOX, PCCD, [redacted]  Ck Copy uploaded
   04/23/2025   2 C B C B C B C B C B   OH Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
223238642 [redacted] [redacted]   XXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   Hazard insurance policy effective prior to the note date is missing.       Reviewer Comment (2025-04-21): Hazard Insurance document received and verified. Exception cleared


Buyer Comment (2025-04-18): Please see attached
 04/21/2025     1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall finding due to due to missing documentation supporting exclusion of car payment paid by another party, resulting in a loan designation discrepancy.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.
 04/21/2025     1 B A C A B A C A B A   NM Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Debt Ability-to-Repay (Dodd-Frank [redacted]): Creditor did not include alimony and/or child support in debt obligations. Waterfall finding due to due to missing documentation supporting exclusion of car payment paid by another party.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.
 04/21/2025     1 C A C A C A C A C A   NM Primary Purchase   C B C A C B A A Non QM Non QM No
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Loan designation failure due to ATR failure. Unable to exclude [redacted] from liability. Supporting documents not provided showing payment is made by third party. his exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.
 04/21/2025     1 C A C A C A C A C A   NM Primary Purchase   C B C A C B A A Non QM Non QM No
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) Unable to exclude [redacted] from liability. Supporting documents not provided showing payment is made by third party. ed.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.


Buyer Comment (2025-04-18): Please see bank statements from [redacted] - [redacted] showing payments made by other party; Liability was opened [redacted] and all payments made on time.
 04/21/2025     1 C A C A C A C A C A   NM Primary Purchase   C B C A C B A A Non QM Non QM No
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Loan designation failure due to ATR failure. Unable to exclude [redacted] from liability. Supporting documents not provided showing payment is made by third party. his exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.
 04/21/2025     1 A A A A A A A A A A   NM Primary Purchase   C B C A C B A A Non QM Non QM No
223238646 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts.         Reviewer Comment (2025-04-29): Client elects to waive.


Reviewer Comment (2025-04-25): We have discussed this specific issue with outside counsel. 1026.38(l)(7) [Escrow Account on page [redacted]] refers to 1026.38(g)(3) [Section G on page [redacted] of CD]. In (g)(3), the only total that is referenced is the borrower-paid total. Further, it makes sense that the (l)(7) disclosure in the CD matches up with the borrower-paid total because we note that the (l)(7) disclosure states "A cushion for the escrow account you [i.e., the borrower] pay for at closing." (Emphasis added). To permit a total that is both borrower- and non-borrower paid would appear misleading. While the fees were paid on behalf of the borrower by the seller, we must test the CD section G as only seller paid, per the document itself.


Reviewer Comment (2025-04-24): Escalated to compliance team for further review.


Buyer Comment (2025-04-23): Investor Rebuttal


Reviewer Comment (2025-04-22): With regard to the initial escrow payment, we have discussed this specific issue with outside counsel in the past. We note that 1026.38(l)(7) [Escrow Account on page [redacted]] basically refers to 1026.38(g)(3) [Section G on page [redacted] of CD]. In (g)(3), the only total that is referenced is the borrower-paid total. Further, it makes sense that the (l)(7) disclosure in the CD matches up with the borrower-paid total because we note that the (l)(7) disclosure states "A cushion for the escrow account you [i.e., the borrower] pay for at closing." (Emphasis added). To permit a total that is both borrower- and non-borrower paid would appear misleading since that would then not be the amount that "you [i.e., the borrower]" is paying.  Letter of Explanation & Corrected Closing Disclosure with only the borrower paid portion on page [redacted] is required to cure. The exception has been noted as an EV2.


Buyer Comment (2025-04-21): Can we please get an explanation of what you are requesting to get this corrected?
     04/29/2025 2 B B B B B B B B B B   NM Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
223238646 [redacted] [redacted]   XXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Unable to exclude [redacted] from liability. Supporting documents not provided showing payment is made by third party. ed.       Reviewer Comment (2025-04-21): [redacted] Months payment history received for [redacted] account, exception cleared.
 04/21/2025     1 C A C A C A C A C A   NM Primary Purchase   C B C A C B A A Non QM Non QM No
223238703 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted]on Final Closing Disclosure. A cure of $[redacted] was disclosed on final CD which is insufficient by $[redacted].       Reviewer Comment (2025-04-23): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2025-04-22): TRID Rebuttal
 04/23/2025     1 C A C A C A C A C A   FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223238703 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing
   04/23/2025   1   A   A   A   A   A   FL Second Home Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
223238705 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan estimate did not disclose the pest inspection fee but fee increased to $[redacted] on the final closing disclosure. No cure was provided to the borrower.       Reviewer Comment (2025-04-21): [redacted] received corrected PCCD and LOE


Buyer Comment (2025-04-18): PCCD
 04/21/2025     1 C A C A C A C A C A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223238735 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception request to purchase an investment property utilizing [redacted] to qualify while not being able to qualify for a Landlord History Waiver. Section [redacted] requires the borrower to own their current primary residence to obtain a [redacted]. Comments from the [redacted] : Borrower has not owned a home in the last [redacted] years. He owned a home [redacted] and does not have landlord history. i am guessing tis needs[redacted]exceptions. funds are his own . He is living rent free and will continue as he builds his rental portfolio. Needing exception for not owning a home in the [redacted] years . He  has owned a home before in [redacted]. ( See Credit) He does not have landlord history, there would need an additional exception.Lender exception was approved with the following Maximum [redacted]% LTV, Minimum [redacted][redacted], Document and Source [redacted] months reserves (PITIA) Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-16): Client elects to waive/downgrade with comp factors.
     04/16/2025 2 B B B B B B B B B B   OH Investment Purchase   B B B B     A A   N/A No
223248280 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception for requesting a cash out refinance of a primary residence utilizing bank statements to qualify at a $[redacted]mm loan amount. Section [redacted] requires an exception when the loan amount exceeds $[redacted] mm. The borrower is a seasoned business owner with over [redacted] years of self-employment experience and a strong financial track record, having never been late on any mortgage payments. The business is on an upward trajectory, with projected growth in [redacted], and the borrower demonstrates strong affordability with low debt and minimal liabilities. The cash out loan will enable the borrower to make significant home improvements, enhancing the property's value and strengthening the collateral. This exception represents a low-risk opportunity with clear benefits. Borrower is working with a different lender as well so would love to secure the deal. Borrower has common stock values more than [redacted] mm in value which provide extra strength to the reason this file should be approved for the increase in loan amount.
The exception was approved with -[redacted] exception [redacted] . Conditions:
[redacted]% LTV Max.
$[redacted] [redacted]max loan amount.
Subject to adding [redacted]Alt tradeline.
Min rate [redacted]%
[redacted] bps LLPA for large loan amount.
Subject to meeting all other signature expanded guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has owned the subject property for at least [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-17): Client elected to waive exceptions with compensating factors.
     04/17/2025 2 B B B B B B B B B B   TX Primary Refinance - Cash-out - Other   B B B B B A A A Non QM Non QM No
223248280 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower [redacted] business days prior to closing was not provided.       Reviewer Comment (2025-04-21): Appraisal delivery confirmation document received, Exception Cleared.


Buyer Comment (2025-04-17): Please see attached
 04/21/2025     1 B A B A B A B A B A   TX Primary Refinance - Cash-out - Other   B B B B B A A A Non QM Non QM No
223248705 [redacted] [redacted]   XXXX     Credit Property - Appraisal Appraisal Documentation Property - Appraisal HOA project is involved in litigation.   Provide full complete copy of HOA litigation.  Additional requirements may apply.       Reviewer Comment (2025-04-22): Required litigation document was in file


Buyer Comment (2025-04-18): Please see pages [redacted] - [redacted] D[redacted] In "Out of Scope"
 04/22/2025     1 C A C A C A C A C A   PA Primary Purchase   C A C A A A A A Non QM Non QM No
223251596 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. The file is missing documentation verifying the borrowers received a copy of the appraisal within [redacted] business days of closing.       Reviewer Comment (2025-04-21): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-04-17): AVM Delivery Receipt
 04/21/2025     1 B A B A B A B A B A   TX Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223251596 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.         Reviewer Comment (2025-04-21): Appraisal delivery receipt received. Exception Cleared.


Buyer Comment (2025-04-17): Proof of Delivery
 04/21/2025     1 B A B A B A B A B A   TX Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223251836 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] ([redacted]) business days of application. Initial Loan Estimate dated [redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the [redacted]  Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Lender issued disclosures electronically prior to receiving consent for electronic disclosure from borrower.       Reviewer Comment (2025-04-21): [redacted] received updated E-sign Consent agreement with eConsent accepted by borrower on [redacted].


Buyer Comment (2025-04-18): econsent
 04/21/2025     1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223251836 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to include passive asset income to qualify with funds coming from a business account. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-22): Client elected to waive exceptions with compensating factors.


Buyer Comment (2025-04-18): exception approval
     04/22/2025 2 C B C B C B C B C B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
223254528 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. File is missing closing disclosure and supporting documentation/evidence of borrower's receipt of the bridge funds.       Reviewer Comment (2025-04-22): Bridge loan Closing disclosure received. Details verified and updated. Exception cleared.
 04/22/2025     1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A A A C A A A Non QM Non QM Yes
223254528 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) File is missing closing disclosure and supporting documentation/evidence of borrower's receipt of the bridge funds.       Reviewer Comment (2025-04-22): Bridge Loan Closing disclosure received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-18): Bridge loans are showing on final CD, please see attached CD for bridge loan.
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
223254528 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower for [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted].       Reviewer Comment (2025-04-22): [redacted]  received a valid COC.


Buyer Comment (2025-04-21): Please see attached
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
223254528 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. File is missing closing disclosure and supporting documentation/evidence of borrower's receipt of the bridge funds.       Reviewer Comment (2025-04-22): Bridge loan Closing disclosure received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-18): Please see attached
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
223254529 [redacted] [redacted]   XXXX     Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided   Flood Insurance Policy is missing in file.       Reviewer Comment (2025-04-21): Flood Insurance Policy received and verified. Exception cleared


Buyer Comment (2025-04-18): flood insurance
 04/21/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
223259234 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing. Evidence of actual receipt date of revised Loan Estimate, issued on [redacted], is not provided.  Default receipt date is [redacted], which is less than[redacted] business days prior to the closing date [redacted].       Reviewer Comment (2025-04-21): [redacted] received proof of earlier electronic receipt


Buyer Comment (2025-04-18): LE Disclosure Tracking
 04/21/2025     1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
223260011 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved for Non-warrantable condo due to incomplete critical repairs and leased land. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-16): Client elects to waive/downgrade with comp factors.
     04/16/2025 2 B B B B B B B B B B   FL Primary Purchase   B B B B A A A A Non QM Non QM No
223260359 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Transfer Tax on closing disclosure is $[redacted] and on loan estimate $[redacted]. No Valid Change circumstance in file.       Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing
   04/16/2025   1 A A A A A A A A A A   NY Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223260360 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   Title commitment schedule B part [redacted] item #[redacted]  reflects mortgages with outstanding balances in the amount of $[redacted].  Seller's HUD [redacted] does not reflect payoff of mortgage lien.  Please provide evidence the lien have been released, paid and will not have negative impact on final title policy.       Reviewer Comment (2025-04-22): Cleared. The title commitment states that partial payment is required.


Buyer Comment (2025-04-18): #[redacted] specifies *partial* payment, there is a payoff in the amount of $[redacted]listed on the Seller's CD, B[redacted] internal doc [redacted]. Please cancel this condition as it is invalid.
 04/22/2025     1 C A C A C A C A C A   IN Primary Purchase   C A C A A A A A Non QM Non QM No
223260379 [redacted] [redacted]   XXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2025-04-22): Received E-Sign Consent document. Exception cleared.


Buyer Comment (2025-04-21): E Consent
 04/22/2025     1 C A C A C A C A C A   IN Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
223261232 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   [redacted] Rate lock document is missing.       Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-21): rate lock
 04/23/2025     1 C A C A C A C A D A   OH Investment Purchase   D A D A     A A   N/A No
223261232 [redacted] [redacted]   XXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-04-23): Received required documentation. Condition cleared.


Buyer Comment (2025-04-22): signed business purp cert
 04/23/2025     1 C A C A C A C A C A   OH Investment Purchase   D A D A     A A   N/A No
223262012 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2025-04-22): [redacted] received valid COC dated [redacted]


Buyer Comment (2025-04-21): Please see attached
 04/22/2025     1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
223262012 [redacted] [redacted]   XXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. LTV of  [redacted]% exceeds maximum LTV of [redacted]% with a FICO score above [redacted]. [redacted]references an exception for LTV, however, no Lender Exception found in file. Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-22): Client elects to waive with compensating factors.


Buyer Comment (2025-04-18): Please see attached
     04/22/2025 2 C B C B C B C B C B   FL Primary Purchase   C B C B C A A A Non QM Non QM No
223268069 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for rural investment property.  Subject is a legally zoned [redacted]bedroom/[redacted]bath SFR located in a rural are with <[redacted] acre, public water and septic sewer. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's Own Funds Percent: [redacted]%
Borrower's Own Funds Amount: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-17): Client elects to waive/downgrade with comp factors.
     04/17/2025 2 B B B B B B B B B B   WA Investment Purchase   B B B B     A A   N/A No
223268548 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approval for non-warrantable condotel due to critical repairs. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower has been employed in the Same industry for more than [redacted] years.

Documentation Type: [redacted]
Disposable Income: $[redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-21): Client elects to waive with compensating factors.
     04/21/2025 2 B B B B B B B B B B   FL Second Home Purchase   B B B B A A A A Non QM Non QM No
223268736 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower requested exception for: Credit Score- Requesting to permit a [redacted] credit score Credit History - Requesting to allow an erroneous collection to remain open. Our borrower is requesting a cash out refinance of a primary residence utilizing 1099 Only to qualify with a [redacted]-credit score and erroneous Collection account remaining open. Exhibit B requires a minimum credit score of [redacted]. Section 7.7 requires a collection account greater than $[redacted]k to be paid. *** Comments from LO: Please see attached letter and supporting documentation. Lender exception was approved with conditions: Max [redacted]%, Borrower to sign ACH agreement at closing Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.		 Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%		 SitusAMC

SitusAMC

SitusAMC

Aggregator		 Reviewer Comment (2025-04-24): Client elects to waive with comp factors.


Reviewer Comment (2025-04-21): Client elected to waive exceptions with compensating factors.
     04/24/2025 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
223268736 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary title policy amount is not provided.       Reviewer Comment (2025-04-28): Final title provided


Buyer Comment (2025-04-25): Please see attached
 04/28/2025     1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
223268736 [redacted] [redacted]   XXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   File is missing copy of Final Title Policy.       Reviewer Comment (2025-04-28): Final title provided
 04/28/2025     1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
223268736 [redacted] [redacted]   XXXX     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.   FICO score of [redacted] is less than Guideline representative FICO score of [redacted].       Reviewer Comment (2025-04-21): Client elected to waive exceptions with compensating factors.
 04/21/2025     1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
223270570 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Evidence of the borrower's receipt of the updated appraisals was not located in the file       Reviewer Comment (2025-04-28): Client elects to waive.


Reviewer Comment (2025-04-28): Primary appraisal was provided to borrower [redacted]. No evidence of actual delivery, therefore using the mailbox rule which puts delivery at [redacted] which is not  [redacted] business days prior to consummation. Exception remains.


Buyer Comment (2025-04-28): proof of [redacted] appraisal delivery for florida appraisal services


Reviewer Comment (2025-04-24): Missing evidence of appraisal delivery.


Buyer Comment (2025-04-23): uploaded proof of [redacted] appraisal delivery
     04/28/2025 2 B B B B B B B B B B   FL Primary Purchase   B B A A B B A A Non QM Non QM No
223270570 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Evidence of the borrower's receipt of the updated appraisals was not located in the file       Reviewer Comment (2025-04-28): Appraisal receipt provided.


Buyer Comment (2025-04-28): proof of appraisal delivery for secondary appraisal


Reviewer Comment (2025-04-24): Not a duplicate. This is for the secondary appraisal.


Buyer Comment (2025-04-23): APPEARS TO BE A DUPLICATE CONDITION--PLEASE CANCEL
 04/28/2025     1 B A B A B A B A B A   FL Primary Purchase   B B A A B B A A Non QM Non QM No
223271458 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus[redacted]% or $v.       Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing
   04/18/2025   1 A A A A A A A A A A   SC Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223271462 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exception has been requested to use a BPO in lieu of AVM/[redacted]/appraisal to support departing residence has[redacted]% equity for property exclusion from DTI ratios.
Compensating Factors:
1. Loan to value [redacted]% or more under requirement
2. FICO [redacted] points or more above requirement
3. Reserves[redacted]+ months more than requirement
4. Long term employment (>[redacted] years)
Exception approved
1.Max [redacted]% LTV
2. All other departing residence guidelines to be met
3. Subject to meeting all other Signature Expanded guideline requirements.		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-04-24): Client elects to waive with comp factors.


Buyer Comment (2025-04-23): can you clarify if anything is needed? per your comment it says waived. thank you!


Reviewer Comment (2025-04-21): Client elected to waive exceptions with compensating factors.
     04/24/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223271470 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted]  Sufficient or excess cure was provided to the borrower at Closing. [redacted]% tolerance was exceeded by $[redacted]due to Increase of Processing Fee.  No valid COC provided, nor evidence of cure in file.       Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing
   04/18/2025   1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223271475 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance TRID TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted]% tolerance was exceeded by $[redacted] due to Credit Report Fee. Specific credit of $[redacted] has been provided as cure at closing.       Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing
   04/18/2025   1 A A A A A A A A A A   TX Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
223271485 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was approved at origination for property is multi-unit and comparable are >[redacted] miles away. Compensating factors are Loan to Value of [redacted]% is [redacted]% or more under requirement, FICO of [redacted] is [redacted] points or more above requirement and [redacted] is[redacted] or greater. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-21): Preapproved exception
     04/21/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
223271485 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception was approved at origination for property is [redacted] investment. Compensating factors are Loan to Value of [redacted]% is [redacted]% or more under requirement, FICO of [redacted] is [redacted]points or more above requirement and [redacted] is [redacted]or greater. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-21): Preapproved exception
     04/21/2025 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
223271491 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception at origination for "FICO of [redacted] is greater than [redacted] minimum required. Borrower is experienced investor with multiple investment properties owned and managed. Mortgages on primary residence and other investment properties have rating of [redacted]. LTV reduction does not apply to this vacant property since property just completed renovations and is being newly exposed to the rental market as evidenced by the appraisal. Appraised value is $[redacted]. Using short-term gross rent of $[redacted] at[redacted]% LTV and [redacted]% occupancy, [redacted] is at [redacted]. Verified assets (personal funds) are enough to cover funds to close and[redacted]+ months of reserves when[redacted]months are required. Lender exception with COUNTEROFFER: Max [redacted]% LTV, Min [redacted][redacted], Min [redacted] Year PPP, No cash in hand back to borrower. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-04-21): Preapproved exception
     04/21/2025 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
223271493 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception provided at origination due to Section[redacted]: Rural Investment Property. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-21): Preapproved exception
     04/21/2025 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
223271493 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Credit A copy of Asset Verification Report is not on file.   Lender exception request needed due to Section[redacted] Rural Investment Property. Exception request for eligibility of subject property. The subject is a legally zoned [redacted] bd/[redacted]bd SFR located in a rural area with <[redacted]acre, public water, and septic sewer. Lender exception was approved with following conditions; Max [redacted]% LTV, Min [redacted] [redacted] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-21): Preapproved exceeption
     04/21/2025 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
223271524 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception. Unique Quality: [redacted] parcels. [redacted] are zoned R[redacted] (SFR) and [redacted] is zoned [redacted] (recreational open space). All parcels are being used according to the zoning guidelines, and nothing is out of compliance. Property is just over [redacted] acre. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-22): Preapproved exception
     04/22/2025 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
223272914 [redacted] [redacted]   XXXX     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-04-28): Client elects to waive.
     04/28/2025 2 A A A A A A A A B B   CA Primary Purchase   B B A A B B B B Non QM Non QM No
223272914 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Proof of Appraisal delivery not provided in file for Additional Valuation.       Reviewer Comment (2025-04-28): Client elects to waive.


Reviewer Comment (2025-04-28): Documentation provided does not reflect date appraisal was provided / received by borrower. Exception remains.


Buyer Comment (2025-04-25): Please see attachment, AVM sent
     04/28/2025 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B B B Non QM Non QM No
223288454 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. Tax Returns extension is available in file.       Reviewer Comment (2025-04-24): Client elects to waive.
     04/24/2025 2 B B B B B B B B B B   DC Second Home Purchase   B B B B B B A A Non QM Non QM No
223288454 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception requested for Non Warrantable Condo due to excessive commercial space.  Approval provided in file.

Subject to
  -[redacted] LLPA in addition to [redacted] Condo LLPA		 Borrower has been employed in the same industry for more than [redacted] years.

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-23): Preapproved exception
     04/23/2025 2 B B B B B B B B B B   DC Second Home Purchase   B B B B B B A A Non QM Non QM No
223288454 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2025-04-25): proof appraisal delivery provided


Buyer Comment (2025-04-24): Proof Appraisal sent to borrower
 04/25/2025     1 B A B A B A B A B A   DC Second Home Purchase   B B B B B B A A Non QM Non QM No
223288462 [redacted] [redacted]   XXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Proof of Appraisal delivery not provided in file.       Reviewer Comment (2025-04-25): Proof of appraisal delivery received. Details verified and updated. Exception cleared.


Buyer Comment (2025-04-24): Please see attached
 04/25/2025     1 B A B A B A B A B A   AZ Investment Purchase   B A A A B A A A N/A Exempt from ATR No
223290083 [redacted] [redacted]   XXXX     Credit Title Document Error Title The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2025-04-28): Supplemental report provided.


Buyer Comment (2025-04-25): Title Supplement
 04/28/2025     1 B A B A B A B A B A   CA Investment Purchase   B A B A A A A A N/A Exempt from ATR No
223294084 [redacted] [redacted]   XXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Requested to allow Subject Property Occupancy to proceed as a [redacted]nd Home vs Investment Property. Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-04-23): Preapproved exception
     04/23/2025 2 B B B B B B B B B B   WA Investment Purchase   B B B B A A A A N/A Exempt from ATR No