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

Atlas A&D Opportunity Fund III LLC ABS-15G

Exhibit 99.4

Rating Agency Grades Detail Report
2025_ADMT-NQM3_Final
Run Date - 7/21/2025 16:00:00 PM

Loan ID

Seller Loan ID

Investor Loan ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

XXXXXX-2025-NQM3-1

Closed

FVAL9739

2024-05-13 16:42

2024-05-14 08:56

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-No SSR for Freddie. CU score is low, value confirmed. Allow as is. Page 242 - Due Diligence Vendor-05/13/2024

No credit events past 40 months, No mortgage late payments in last 24 months, No consumer late payments in the last 24 months.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

1680878

XXXXXX-2025-NQM3-2

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-3

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-4

Closed

FCOM1227

2024-06-28 13:22

2024-07-29 12:40

Resolved

1 - Information

Compliance

Missing Doc

PUD Rider is Missing

Resolved- - Due Diligence Vendor-07/29/2024

Ready for Review-Document Uploaded. please find attached - Buyer-07/29/2024

Counter-unable to open - Due Diligence Vendor-07/29/2024

Ready for Review-Document Uploaded. Please find revised Mortgage w/ PUD Rider attached - Buyer-07/29/2024

Open-PUD Rider is Missing - Appraisal indicates property is a PUD and 1008 shows HOA monthly payment of$453 month - Due Diligence Vendor-06/28/2024

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

1907064

XXXXXX-2025-NQM3-4

Closed

FVAL9739

2024-06-28 13:31

2024-06-28 13:33

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Exception requested for Leasehold property - Due Diligence Vendor-06/28/2024

No credit events past 40 months, LTV 10% below maximum, and Credit score > 20 points than minimum required.

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

1907158

XXXXXX-2025-NQM3-5

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-6

Closed

FCRE1964

2024-07-05 14:35

2024-07-11 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-CPA letter is in the file and is not missing. While the actual % owned is missing, the CPA does state both borrowers are only owners. Underwriter assumed t is reasonable to assume a 50/50% ownership interest. Explanation is acceptable no waiver required. - Due Diligence Vendor-07/21/2025

Open-As per CPA letter on page #629 of 725, both the borrowers are the only owners of the business. However need supporting document to verify each borrower ownership % in the business. - Due Diligence Vendor-07/05/2024

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

1940017

XXXXXX-2025-NQM3-6

Closed

FCRE1228

2024-07-04 14:06

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-As per guide, Maximum of 3 NSFs occurrences in the most recent 12-month period are allowed.
*Exception form is provided to allow 8 NSFs.
*Approved Conditions: +0.25 in price, [Redacted] max.
*Exception form is on page #667 of 725 - Due Diligence Vendor-07/04/2024

Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

1933893

XXXXXX-2025-NQM3-7

Closed

FCRE1995

2024-07-10 11:22

2024-07-11 11:59

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD backed out - Due Diligence Vendor-07/11/2024

Ready for Review-Yes, EMD was backed out, please disregard - Buyer-07/11/2024

Open-Earnest Money Deposit is Missing in the file, I Received Letter of explanation page no 325 Regarding EMD. - Due Diligence Vendor-07/10/2024

Resolved-EMD backed out - Due Diligence Vendor-07/11/2024

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

1962616

XXXXXX-2025-NQM3-7

Closed

FCRE9991

2024-07-10 12:12

2024-07-11 11:58

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-dscr is now matching - Due Diligence Vendor-07/11/2024

Ready for Review-Document Uploaded. 1008 with PITIA of $2,266.66 was sent previously, please see attached for your reference. $2,750/$2,266.66=1.213 - Buyer-07/11/2024

Open-There is Variance 0.063 , PITIA matches 1008 at $2155.78, used Rent amount $2750 From 1007 Document, Which gives the Final DSCR 1.276. Versus Ordinator DSCR Of 1.213. - Due Diligence Vendor-07/10/2024

Resolved-dscr is now matching - Due Diligence Vendor-07/11/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

1963137

XXXXXX-2025-NQM3-8

Closed

FVAL5524

2024-07-05 13:03

Waived

2 - Non-Material

Property

Ineligible Property

Waived- - lender granted exception for Condotel with Kitchenette - page 249 - Due Diligence Vendor-07/05/2024

No credit events past 40 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

1939155

XXXXXX-2025-NQM3-9

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-10

Closed

FCRE8860

2024-08-01 16:16

2024-08-06 10:12

Resolved

1 - Information

Credit

Income/Employment

Audited DSCR does not meet guidelines requirements

Resolved-Agree. Lock was before changes. - Due Diligence Vendor-08/06/2024

Ready for Review-According to Rate sheet actual on lock date (06/07/2024) for loan with DSCR ratio <0.75 max allowed [Redacted] and minimum required FICO is 680. Loan meets those requirements. - Buyer-08/06/2024

Open-DSCR score is 0.67 and per guideline DSCR score <0.75 is not allowed. - Due Diligence Vendor-08/01/2024

Resolved-Agree. Lock was before changes. - Due Diligence Vendor-08/06/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2106650

XXXXXX-2025-NQM3-11

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-12

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-13

Closed

FCOM4028

2024-08-27 08:36

2024-08-29 07:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-08/29/2024

Ready for Review-ok - Buyer-08/29/2024

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-08/27/2024

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2260235

XXXXXX-2025-NQM3-13

Closed

FCRE8611

2024-08-27 12:12

2024-08-28 08:13

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-Does not meet rental income requirements for program
Used Rental Income for [Redacted], not on Sch E - Due Diligence Vendor-08/27/2024

DTI>=10% lower than loan program, Credit score >40 points than minimum required, and Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2262751

XXXXXX-2025-NQM3-14

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-15

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-16

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-17

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

XXXXXX-2025-NQM3-18

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-19

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-20

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-21

Closed

FCRE1995

2024-09-16 05:35

2024-10-02 10:16

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-Resolved 10/2/2024- Lender backed out EMD
Ready To review: 10/2/2024 Document Uploaded. UW response provided. EMD was backed out of available funds. Verification is not required.
Open 9/16/2024- Evidence of Earnest Money Deposit is Partial or Missing - Due Diligence Vendor-09/16/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2378887

XXXXXX-2025-NQM3-22

Closed

FCRE1995

2024-09-17 07:32

2024-09-18 09:12

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-proof EMD sent now present - Due Diligence Vendor-09/18/2024
Ready for Review-Document Uploaded. EMD wire confirmation is attached.
- Buyer-09/18/2024
Open-No EMD amount per Final CD in Page #18 Closing Pkg but Subject property is Arm length sale per Appraisal Report in Page #4 Credit Pkg that reflects EMD of [Redacted]. Please provide supporting documentation to verify the same. - Due Diligence Vendor-09/17/2024

Resolved-proof EMD sent now present - Due Diligence Vendor-09/18/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2388099

XXXXXX-2025-NQM3-23

Closed

FCRE9802

2024-09-17 06:31

2024-09-17 08:48

Waived

2 - Non-Material

Credit

Eligibility

Borrower is First Time Homebuyer and Program Does Not Allow This

Waived-Borrower cannot be first time homebuyer for this program Borrower is First Time Home Buyer. Borrower previously had ownership for 12 years per Final 1003 Page #74 Signed Closing Pkg whereas related documents missing in File. Hence, Proceeded file as First Time Home Buyer. Related Exception Form in the File page no #296- Credit Package. - Due Diligence Vendor-09/17/2024

1. No consumer late payments in the last 24 months: There is no Late payments last 24 months per CBR Page #375 Credit pkg
2. 2+ borrowers on the loan : This loan type is Joint,
3. Credit score >40 points than minimum required: Guideline Min Fico is 660, Qualifying FICO is 715 with difference 55 which is >40

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2387513

XXXXXX-2025-NQM3-24

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-25

Closed

FVAL5385

2024-09-18 04:04

2024-09-18 05:18

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Property listed for sale between 02/12/2024 and 08/23/2024 for $[Redacted]which is within last 6 months. However, Exception Form in the file page no #448 - Due Diligence Vendor-09/18/2024

Waived-Property listed for sale between 02/12/2024 and 08/23/2024 for $349,900 which is within last 6 months. However, Exception Form in the file page no #448 - Due Diligence Vendor-09/18/2024

1. No mortgage late payments in the last 24 months : No late payments per Credit Report page #535
2. 5+ years credit history : Oldest Tradeline date is 01/31/2012 which is > 5 years from closing date
3. No consumer late payments in the last 24 months : No late payments per Credit Report page #535
4. No credit events past 40 months : No Credit Events per Credit Report page #535

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2396602

XXXXXX-2025-NQM3-26

Closed

FVAL5474

2024-09-19 10:10

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived- - lender granted exception for condo reserves and repairs - page 693 - Due Diligence Vendor-09/19/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2410449

XXXXXX-2025-NQM3-27

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-28

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-29

Closed

FCRE9991

2024-09-20 08:00

2024-10-24 07:40

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-[Redacted] provided and score now updated. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. Please find [Redacted] report, revised Lock form and Tape. As per Credit committee, we are able to have guidelines loosing for actual files, please apply the recent GL for this loan. - Buyer-10/23/2024

Open-DSCR score is off by 0.397. Lender's score: 1.282
-Document in file 1007 Pg. no 181 of 329 with rent $0 and Lease on Pg. no 68 of 329 with rent $1000. 1008 reads $1,450
-No other rent document in file to support lender's income. PITIA matches.
-DSCR score should be Rent $1000/ PITI $1,130.38= 0.885 - Due Diligence Vendor-09/20/2024

Resolved-[Redacted] provided and score now updated. - Due Diligence Vendor-10/24/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2417145

XXXXXX-2025-NQM3-29

Closed

FCRE1491

2024-09-20 07:16

2024-09-20 07:20

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Asset Qualification Does Not Meet Guideline Requirements -As per guide at least most recent 2 months of bank statement required for refinance cash-out transaction .
-Exception form provided to allow letter provided by borrower instead of 2 months bank statement
-Exception form on Pg. no 80 of 329
-Approved Condition - 0.25 to price - Due Diligence Vendor-09/20/2024

No credit events past 40 months, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2416679

XXXXXX-2025-NQM3-30

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-31

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-32

Closed

FCRE1161

2024-09-23 13:52

2024-09-25 13:19

Resolved

1 - Information

Credit

Missing Doc

Flood Certificate Missing

Resolved-Flood Certificate is fully present - Due Diligence Vendor-09/25/2024

Ready for Review-Document Uploaded. Please review uploaded flood certificate - Buyer-09/25/2024

Open-Missing Flood Certificate Flood Certificate missing in file - Due Diligence Vendor-09/23/2024

Resolved-Flood Certificate is fully present - Due Diligence Vendor-09/25/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2438936

XXXXXX-2025-NQM3-32

Closed

FCRE1194

2024-09-23 14:44

2024-09-24 10:15

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-LTV - As per Guide New construction PUD [Redacted] max [Redacted]
Exception form provided to allow [Redacted]
Exception form page #398
Approved Conditions: +0.25 to price, DSCR must be higher than 1 - Due Diligence Vendor-09/23/2024

No mortgage late payments in the last 24 months, 5+ years credit history, min borrower contribution exceeds requirement of 20%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2439633

XXXXXX-2025-NQM3-33

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-34

Closed

FCRE1995

2024-09-25 02:32

2024-09-26 08:03

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-lender backed out EMD - Due Diligence Vendor-09/26/2024
Ready for Review-Document Uploaded. Earnest money deposit was backed out - Buyer-09/26/2024
Open-Please provide supporting documentation to verify EMD of [Redacted] reflecting in Final CD Page #3 Signed Closing Pkg - Due Diligence Vendor-09/25/2024

Resolved-lender backed out EMD - Due Diligence Vendor-09/26/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2450403

XXXXXX-2025-NQM3-34

Closed

FCRE1158

2024-09-25 01:01

2024-09-25 02:20

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived-Condo requires owners to carry hazard/wind home policy. However, Related exception document in page # 2,3, 110 of [Redacted].pdf - Due Diligence Vendor-09/25/2024

No credit events past 40 months, - No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-no late payments for Mortgage tradelines in CBR page # 96 of Delgado2.pdf for last 2 years
5+ years credit history-verified with oldest tradeline date in CBR page # 96 of Delgado2.pdf is 09/21/2001

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2450114

XXXXXX-2025-NQM3-35

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-36

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-37

Closed

FCRE5116

2024-09-24 05:25

2024-09-25 13:35

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-document now present - Due Diligence Vendor-09/25/2024
Ready for Review-Document Uploaded. Please review uploaded Note .The first payment is due in November 1st, 2024 - Buyer-09/25/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted] with balance $[Redacted]" - Due Diligence Vendor-09/24/2024

Resolved-document now present - Due Diligence Vendor-09/25/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2442185

XXXXXX-2025-NQM3-37

Closed

FCRE1174

2024-09-24 04:46

2024-09-24 08:20

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Master Condo Insurance Policy Partially Provided Master policy doesn't cover building ordinance and law. However exception document in page 317 of [Redacted] credit package.pdf - Due Diligence Vendor-09/24/2024

1. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
2. 5+ years credit history- Oldest tradeline date in CBR page # 101 of Credit Package.pdf is 04/01/2005
3. Borrower contribution exceeds requirement >=5%- Borrower contribution is nearly 35.77%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2442007

XXXXXX-2025-NQM3-38

Closed

FCRE3876

2024-09-28 09:57

2024-10-02 12:49

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E&O Now present - Due Diligence Vendor-10/02/2024

Ready for Review-Document Uploaded. Please review uploaded title E&O policy - Buyer-10/02/2024

Open-Title O&E Policy is Missing or Expired - missing - Due Diligence Vendor-09/28/2024

Resolved-E&O Now present - Due Diligence Vendor-10/02/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2478724

XXXXXX-2025-NQM3-39

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-40

Closed

FCRE9991

2024-10-04 02:48

2024-10-10 15:23

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DSCR score is now 1 - Due Diligence Vendor-10/10/2024

Ready for Review-Document Uploaded. added HOA amount of $481 for DSCR calculation. Please find attached updated tape and lock - Buyer-10/10/2024

Open-Lender did not consider HOA amount of $481 for DSCR calculation. HOA verified from Page #8_[Redacted].pdf
calculation as follows
Originator DSCR Is 1.264 and the Calculated DSCR is 1.00, the Variance is 0.264. Calculated Rent amount from Appraisal Report in page #15 of [Redacted] [Redacted].pdf. DSCR calculation : Rent amount $2,300 / PITIA $2299.86+ = 1.00 - Due Diligence Vendor-10/04/2024

Resolved-DSCR score is now 1 - Due Diligence Vendor-10/10/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2523066

XXXXXX-2025-NQM3-41

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-42

Closed

FCRE8002

2024-10-07 07:51

2024-10-14 10:27

Resolved

1 - Information

Credit

Closing

Note Incomplete - Missing Signature(s)

Resolved-lender has accepted signatures as is - Due Diligence Vendor-10/14/2024
Ready for Review-Borrower [Redacted] is the only owner on LLC that's why she signs as a member, but co-borrower is her spouse without ownership in LLC they closed. That is why in this case the hybrid is okay - Buyer-10/11/2024
Open-Bwr 2 signed as an individual while the llc member signed as business - please confirm the hybrid is okay. - Due Diligence Vendor-10/07/2024

Resolved-lender has accepted signatures as is - Due Diligence Vendor-10/14/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2540232

XXXXXX-2025-NQM3-42

Closed

FCRE1964

2024-10-09 15:53

2024-10-11 06:57

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-transcripts now present - Due Diligence Vendor-10/11/2024

Ready for Review-Document Uploaded. Please see both borrowers' IRS Transcripts in the attachment - Buyer-10/10/2024

Open-Missing irs transcripts - Due Diligence Vendor-10/09/2024

Resolved-transcripts now present - Due Diligence Vendor-10/11/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2564598

XXXXXX-2025-NQM3-43

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-44

Closed

FCRE5116

2024-10-06 03:04

2024-10-10 09:49

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-notes and CDs for new loans now present - Due Diligence Vendor-10/10/2024
Ready for Review-Document Uploaded. Requested documents provided - Buyer-10/10/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO " [Redacted] with balance 1[Redacted]" and and "[Redacted] with balance amount [Redacted]" - Due Diligence Vendor-10/06/2024

Resolved-notes and CDs for new loans now present - Due Diligence Vendor-10/10/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2535911

XXXXXX-2025-NQM3-45

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-46

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-47

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-48

Closed

FVAL4940

2024-10-07 04:31

2024-10-10 10:58

Resolved

1 - Information

Property

Missing Doc

Missing Homeowner's Association Questionnaire

Resolved-lender confirmed PUD so no questionnaire needed - Due Diligence Vendor-10/10/2024

Ready for Review-Document Uploaded. Specific zoning clarification is PUD, so we should treat it as a PUD. Condominium Questionnaire is n/a. - Buyer-10/09/2024

Open-Please provide Condominium Questionnaire as it is missing in the file - Subject Property type yet to confirm - finding added accordingly - Due Diligence Vendor-10/07/2024

Resolved-lender confirmed PUD so no questionnaire needed - Due Diligence Vendor-10/10/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2538619

XXXXXX-2025-NQM3-48

Closed

FVAL9739

2024-10-07 07:14

2024-10-10 10:57

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-zoned PUD and closed as one. Appraisal form is condo. lender is accepting docs as is - Due Diligence Vendor-10/10/2024

Ready for Review-Document Uploaded. Specific zoning clarification is PUD, so we should treat it as a PUD. - Buyer-10/09/2024

Open-Provided DOT in Page #28 Signed Closing Pkg indicates PUD rider, but subject property is Condo per Appraisal Report in Page #8 Credit pkg.
Provided 1008 & Approval document also reflects subject property as PUD.
Please provide supporting documentation to confirm subject property type - Due Diligence Vendor-10/07/2024

Resolved-zoned PUD and closed as one. Appraisal form is condo. lender is accepting docs as is - Due Diligence Vendor-10/10/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2539746

XXXXXX-2025-NQM3-49

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-50

Closed

FPRO1250

2024-10-08 23:31

2024-10-09 07:59

Waived

2 - Non-Material

Property

Property Condition Rating Does Not Meet Program Requirements

Waived-Primary Value Valuation Property Condition Rating Does Not Meet Program Requirements Guidelines do not allow if Appraisal condition is above C4 whereas per Appraisal Report in Page #16 - Subject property condition is C5, however exception document in page # 446 of 595 - Due Diligence Vendor-10/09/2024

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-no late payments for Mortgage tradelines in CBR page # 581 of 595 for last 2 years
5+ years credit history-Oldest tradeline date in CBR page # 581 of Credit Package.pdf is 10/01/1990
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #581 of 595
Borrower contribution exceeds requirement >=5%-Borrower contribution is nearly 34.03%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2556731

XXXXXX-2025-NQM3-51

Closed

FVAL4940

2024-10-09 03:06

2024-10-11 07:16

Resolved

1 - Information

Property

Missing Doc

Missing Homeowner's Association Questionnaire

Resolved-lender provided proof this project is lender approved - Due Diligence Vendor-10/11/2024

Ready for Review-Document Uploaded. Please see the approval for condo project. - Buyer-10/10/2024

Counter-Need waiver since 5 owners own 45 units each - Due Diligence Vendor-10/10/2024

Ready for Review-Document Uploaded. Condominium Questionnaire is attached. - Buyer-10/10/2024

Open-Please provide Condominium Questionnaire as it is missing in the file - Due Diligence Vendor-10/09/2024

Resolved-lender provided proof this project is lender approved - Due Diligence Vendor-10/11/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2557221

XXXXXX-2025-NQM3-51

Closed

FCRE1172

2024-10-10 11:08

2024-10-10 11:09

Resolved

1 - Information

Credit

Insurance

Flood Insurance Minimum Coverage Not Met

Resolved-flood ins provided - Due Diligence Vendor-10/10/2024

Open-Flood Insurance Coverage Amount does not meet minimum required coverage amount - Due Diligence Vendor-10/10/2024

Resolved-flood ins provided - Due Diligence Vendor-10/10/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2570132

XXXXXX-2025-NQM3-51

Closed

FCRE1164

2024-10-09 05:06

2024-10-10 11:08

Resolved

1 - Information

Credit

Missing Doc

Flood Insurance Policy Missing

Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-10/10/2024
Ready for Review-Document Uploaded. Flood Insurance is included in Master Policy, p.2. Flood Zone type usually is not specified in [Redacted].
- Buyer-10/10/2024
Open-Missing Flood Insurance Policy Subject property is in Flood Zone AE per Flood Certificate in Page #308 Credit Pkg but related Flood Insurance missing in File. - Due Diligence Vendor-10/09/2024

Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-10/10/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2557608

XXXXXX-2025-NQM3-51

Closed

FVAL5472

2024-10-09 03:13

2024-10-09 05:36

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-Condo is less than 500 sq feet, however we have exception in page#278 & 279_Credit Package.pdf - Due Diligence Vendor-10/09/2024

No credit events past 40 months - No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No consumer late payments in the last 24 months - No Consumer late payments in CBR Page #151_Credit Package.pdf
LTV 10% below maximum - Guideline LTV is 80% and Qualifying LTV is 47.9%, variance is 32.1%

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2557235

XXXXXX-2025-NQM3-52

Closed

FCRE1148

2024-10-10 00:48

2024-10-14 14:15

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-title coverage updated - Due Diligence Vendor-10/14/2024
Ready for Review-Document Uploaded. Updated document provided - Buyer-10/14/2024
Open-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $[Redacted] Please provide updated Title Report or Supplemental Title Report as the Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $[Redacted] - Due Diligence Vendor-10/10/2024

Resolved-title coverage updated - Due Diligence Vendor-10/14/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2566008

XXXXXX-2025-NQM3-53

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-54

Closed

FVAL1039

2024-10-10 08:39

2024-10-14 15:03

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-avm now present - Due Diligence Vendor-10/14/2024

Ready for Review-Document Uploaded. - Buyer-10/14/2024

Open-Please provide valid Secondary Valuation since CU score is 4 Pages #228 & 230 - Due Diligence Vendor-10/11/2024

Resolved-avm now present - Due Diligence Vendor-10/14/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2568133

XXXXXX-2025-NQM3-55

Closed

FCRE1335

2024-10-15 18:51

2024-10-23 06:09

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-10/23/2024

Resolved-Received IRS transcripts - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. Please find attached - Buyer-10/22/2024

Open-Borrower 1 IRS Transcripts Missing - Due Diligence Vendor-10/16/2024

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-10/23/2024

Resolved-Received IRS transcripts - Due Diligence Vendor-10/23/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2606917

XXXXXX-2025-NQM3-55

Closed

FVAL5524

2024-10-14 13:56

Waived

2 - Non-Material

Property

Ineligible Property

Waived- -lender granted exception for having only one HUD plate. The HUD plate on this manufactured home is not attached on all sections of the exterior. - page 98
- Due Diligence Vendor-10/14/2024

No credit events past 40 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2594134

XXXXXX-2025-NQM3-55

Closed

FCRE1158

2024-10-14 13:55

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived- - lender granted exception for cash value ins policy. Due to the age of the manufactured home, the ins said that only [Redacted] is available for insurance. - page 97 - Due Diligence Vendor-10/14/2024

No credit events past 40 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2594103

XXXXXX-2025-NQM3-56

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-57

Closed

FPRO116

2024-10-16 10:55

2024-10-29 13:18

Resolved

1 - Information

Property

Other Property/Value Finding

Resolved-lender adjusted CLTV and value as didnt have improvements documented. - Due Diligence Vendor-10/29/2024
Ready for Review-Document Uploaded. We received some receipts, but the total sum was not sufficient, so we have updated AV to previous sale price $[Redacted]
Please find attached
updated tape - Buyer-10/29/2024
Open-missing proof of documented improvements. guidelines say If the property was acquired less than or equal to twelve (12) months from the note date, the lesser of the current appraised value or purchase price plus documented improvements (if any) will be used to determine LTV/CLTV. - Due Diligence Vendor-10/16/2024

Resolved-lender adjusted CLTV and value as didnt have improvements documented. - Due Diligence Vendor-10/29/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

2613061

XXXXXX-2025-NQM3-57

Closed

FCRE9991

2024-10-16 10:50

2024-10-18 15:28

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender updated DTI - Due Diligence Vendor-10/18/2024
Ready for Review-Document Uploaded. SUW: There was a system glitch and I have now fixed it.

Kindly see attached tape and lock with DTI reflected: 15.198 - Buyer-10/18/2024
Open-DTI should be 15.20%. Lender counted the primary housing of $[Redacted] twice. - Due Diligence Vendor-10/16/2024

Resolved-lender updated DTI - Due Diligence Vendor-10/18/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

2612993

XXXXXX-2025-NQM3-57

Closed

FCRE1156

2024-10-16 10:40

2024-10-18 15:26

Resolved

1 - Information

Credit

Insurance

Named Insured on Hazard Insurance does not match Borrower(s) Name(s)

Resolved-Lender has reviewed and accepted only 1 borrower name while there are 2 borrower on title - Due Diligence Vendor-10/18/2024

Ready for Review- we only need 1 borrower there - Buyer-10/18/2024

Open-Named Insured does not match Borrower(s) Name(s) b2 name missing - Due Diligence Vendor-10/16/2024

Resolved-Lender has reviewed and accepted only 1 borrower name while there are 2 borrower on title - Due Diligence Vendor-10/18/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

2612824

XXXXXX-2025-NQM3-58

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-59

Closed

FCRE9806

2024-10-21 18:07

2024-10-22 08:00

Resolved

1 - Information

Credit

Eligibility

Other Credit Finding

Resolved-payments present - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. - Buyer-10/22/2024

Open- missing payment info for other 2 investment properties. - Due Diligence Vendor-10/22/2024

Resolved-payments present - Due Diligence Vendor-10/22/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2652027

XXXXXX-2025-NQM3-60

Closed

FCRE9806

2024-10-18 08:52

2024-10-23 06:44

Resolved

1 - Information

Credit

Eligibility

Other Credit Finding

Resolved-Notes on other properties received, too new to rate. Clears findings - Due Diligence Vendor-10/23/2024
Ready for Review-Document Uploaded. Please review uploaded Notes for both REO's - Buyer-10/22/2024
Open-File is missing verification of the two other concurrent refinances with lender - each reflect $[Redacted] negative rent. (amt used in DTI calc) REO are [Redacted] and [Redacted]. - Due Diligence Vendor-10/18/2024

Resolved-Notes on other properties received, too new to rate. Clears findings - Due Diligence Vendor-10/23/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2631579

XXXXXX-2025-NQM3-61

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-62

Closed

FCRE1253

2024-10-17 04:31

2024-10-23 12:48

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-Received proof of tax - Due Diligence Vendor-10/23/2024

Ready for Review-We use [Redacted] cert as a tax cert. We're not requiring actual tax cert if [Redacted] cert is in the file. - Buyer-10/23/2024

Ready for Review-Document Uploaded. UW1: I believe that we do not need tax certificate in that case. We proceed with projected taxes as the highest amount.

Current taxes are reflected on p.6 of prelim title at the amount of $2,585.46. - Buyer-10/23/2024

Open-Missing Property Tax Cert Please provide Tax Certificate as it is missing in File. As of now, Considered tax amount from Page #225 [Redacted].pdf to avoid DSCR discrepancy - Due Diligence Vendor-10/17/2024

Resolved-Received proof of tax - Due Diligence Vendor-10/23/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2618953

XXXXXX-2025-NQM3-63

Closed

FCRE1148

2024-10-18 10:08

2024-10-24 07:45

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-corrected title commitment now present - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. - Buyer-10/24/2024
Open-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $[Redacted]- Due Diligence Vendor-10/18/2024

Resolved-corrected title commitment now present - Due Diligence Vendor-10/24/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2632754

XXXXXX-2025-NQM3-63

Closed

FCRE5116

2024-10-18 05:58

2024-10-22 07:38

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-Received statements showing no lates - Due Diligence Vendor-10/22/2024
Ready for Review-Document Uploaded. - Buyer-10/22/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. missing VOM for [Redacted] (another loan with lender) - Due Diligence Vendor-10/18/2024

Resolved-Received statements showing no lates - Due Diligence Vendor-10/22/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2629692

XXXXXX-2025-NQM3-63

Closed

FVAL7502

2024-10-18 05:59

2024-10-22 07:36

Resolved

1 - Information

Property

Subject property was listed for sale within a time period not allowed per guidelines

Resolved-Received corrected appraisal with new information that property has not been sold in last 6 months - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. we have the correct appraisal report that shows no listing for the property. - Buyer-10/22/2024

Open-loan app taken on 08/24 and listing was cancelled on 8/28, does not meet guidelines To be eligible for a Rate/Term refinance, the subject property must be taken off the market on or before the application date - Due Diligence Vendor-10/18/2024

Resolved-Received corrected appraisal with new information that property has not been sold in last 6 months - Due Diligence Vendor-10/22/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2629700

XXXXXX-2025-NQM3-64

Closed

FCRE1253

2024-10-18 00:26

2024-10-23 06:26

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-Property Tax Cert Provided - Due Diligence Vendor-10/23/2024

Resolved-Received proof of taxes - Due Diligence Vendor-10/23/2024

Ready for Review-Please refer to page 181 of the credit package uploaded to the portal. Property tax amount is $3,931.26/12=$327.61. Final 1008 reflects $327.61. Property tax amount and tax cert are correct. - Buyer-10/22/2024

Open-Missing Property Tax Cert Property Tax amount not matching with Tax Cert in Page #698-Credit Pkg, Please Provide Valid Property Tax Document. As of now, Considered from Page #181 Credit Pkg to avoid DSCR discrepancy - Due Diligence Vendor-10/18/2024

Resolved-Property Tax Cert Provided - Due Diligence Vendor-10/23/2024

Resolved-Received proof of taxes - Due Diligence Vendor-10/23/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2628445

XXXXXX-2025-NQM3-65

Closed

FCRE6019

2024-10-21 05:29

2024-10-28 07:56

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-10/28/2024
Resolved-corrected citizenship on app now present - Due Diligence Vendor-10/28/2024
Ready for Review-Document Uploaded. Please see updated 1003. - Buyer-10/25/2024
Counter-need corrected 1003 to show [Redacted] - Due Diligence Vendor-10/25/2024
Ready for Review-Document Uploaded. Borrower is the [Redacted] passport holder. - Buyer-10/25/2024
Open-Please provide the citizenship documentation as it is missing in the file Borrower is Permanent Resident Alien and Permanent Resident Card missing in File - Due Diligence Vendor-10/21/2024

Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-10/28/2024

Resolved-corrected citizenship on app now present - Due Diligence Vendor-10/28/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2644497

XXXXXX-2025-NQM3-65

Closed

FCRE3876

2024-10-21 04:28

2024-10-28 07:53

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-now present - Due Diligence Vendor-10/28/2024

Ready for Review-Document Uploaded. Please see E&O Policy attached. - Buyer-10/25/2024

Open-Title O&E Policy is Missing or Expired Please provide title agency document as the provided document has been expired #349_Credit Package.pdf - Due Diligence Vendor-10/21/2024

Resolved-now present - Due Diligence Vendor-10/28/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2644144

XXXXXX-2025-NQM3-66

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-67

Closed

FCRE9802

2024-10-28 07:02

2024-10-31 06:55

Resolved

1 - Information

Credit

Eligibility

Borrower is First Time Homebuyer and Program Does Not Allow This

Resolved-fraud guard reveals prior ownership - Due Diligence Vendor-10/31/2024
Ready for Review-Document Uploaded. Borrower is not FTHB. Fraud guard report verified that property "[Redacted]" was owned by borrower from 12/9/2009 to 2/14/2022. - Buyer-10/30/2024
Open-Borrower cannot be first time homebuyer for this program Borrower is First Time Home Buyer whereas the same not allowed in DSCR loans. Please provide exception for the same - Due Diligence Vendor-10/28/2024

Resolved-fraud guard reveals prior ownership - Due Diligence Vendor-10/31/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2693072

XXXXXX-2025-NQM3-68

Closed

FCRE1200

2024-10-28 08:50

2024-10-29 11:22

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Current loan amount [Redacted] is less than minimum Guideline Loan amount $[Redacted] - Due Diligence Vendor-10/28/2024

Waived-Current loan amount [Redacted] is less than minimum Guideline Loan amount $100,000 - Due Diligence Vendor-10/28/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months,
DSCR 1.4

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2694346

XXXXXX-2025-NQM3-68

Closed

FVAL5524

2024-10-28 05:19

2024-10-28 08:47

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Manufactured rural, missing HUD plate, however exception document in page# 132 of Credit Package.pdf - Due Diligence Vendor-10/28/2024

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Consumer late payments in CBR Page #397 of credit package.pdf
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #397 of credit package.pdf
DSCR 1.4 -calculated DSCR is >1.4 which is 1.73

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2692367

XXXXXX-2025-NQM3-69

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-70

Closed

FCRE9991

2024-11-05 06:10

2024-11-08 08:00

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender addressed they are using updated guides that allow for [Redacted] on a refi - Due Diligence Vendor-11/08/2024
Ready for Review-On a refinance transaction we are allowed to use [Redacted] results as well for DSCR calculations, if current rent is not disclosed - Buyer-11/07/2024
Open-DSCR is of by 0.061 Lender score 1.153 Rent income considered by lender $[Redacted] form [Redacted] but the verified document $1900.00 From 1007. Calculation : $1,900.00/$1,739.63 = 1.092 should be the actual score.
Note: Refinance loan hence [Redacted] not use - Due Diligence Vendor-11/05/2024

Resolved-lender addressed they are using updated guides that allow for [Redacted] on a refi - Due Diligence Vendor-11/08/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

2743343

XXXXXX-2025-NQM3-70

Closed

FCRE1492

2024-11-04 15:01

2024-11-05 08:08

Waived

2 - Non-Material

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Waived-*As per guide If the property was acquired less than or equal to twelve (12) months from the note date, the lesser of the current appraised value or purchase price plus documented improvements (if any) will be used to determine LTV/CLTV.
*Exception provided to allow to use Appraised value to determine LTV/CLTV
*Exception Pg.#494
*Approved With Conditions: 0.25 to price
- Due Diligence Vendor-11/04/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

2740917

XXXXXX-2025-NQM3-70

Closed

FVAL6465

2024-11-04 15:12

2024-11-05 08:05

Waived

2 - Non-Material

Property

Property is listed for sale

Waived-*Per Guide: To be eligible for a Rate/Term refinance, the subject property must be taken off the market on or before the application date.
*Exception provided for listing is removed after the application
*Exception pg.#493
*Approved with Condition: min 3Y PPP - Due Diligence Vendor-11/04/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

2741005

XXXXXX-2025-NQM3-71

Closed

FCRE3876

2024-11-04 12:53

2024-11-08 08:00

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-now present - Due Diligence Vendor-11/08/2024

Ready for Review-Document Uploaded. Please see Title O&E Policy. - Buyer-11/07/2024

Open-Title O&E Policy is Missing or Expired - missing - Due Diligence Vendor-11/04/2024

Resolved-now present - Due Diligence Vendor-11/08/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2739542

XXXXXX-2025-NQM3-71

Closed

FCRE5275

2024-11-04 12:53

2024-11-07 08:04

Resolved

1 - Information

Credit

Eligibility

Asset do not meet guidelines

Resolved-gift letter now present - Due Diligence Vendor-11/07/2024
Ready for Review-Document Uploaded. Please see the Gift letter attached. - Buyer-11/07/2024
Open- - $[Redacted] gift funds reflected on the CD. The wire is present but the gift letter is missing. - Due Diligence Vendor-11/04/2024

Resolved-gift letter now present - Due Diligence Vendor-11/07/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2739538

XXXXXX-2025-NQM3-71

Closed

FCRE9994

2024-11-04 12:51

Waived

2 - Non-Material

Credit

Eligibility

Original LTV (OLTV) does not meet eligibility requirement(s)

Waived- - lender granted exception for [Redacted] Investor PUD New Construction in [Redacted] -page 292 - Due Diligence Vendor-11/04/2024

No credit events past 40 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2739530

XXXXXX-2025-NQM3-72

Closed

FVAL1310

2024-11-08 03:27

2024-11-19 10:04

Resolved

1 - Information

Property

Missing Doc

Missing HOA/Condo Certification

Resolved-updated DSCR to match monthly HOA not annual - Due Diligence Vendor-11/19/2024

Ready for Review-Document Uploaded. HOA was updated to monthly 332, PCCD was issued. - Buyer-11/19/2024

Open-Provided Appraisal Report States Monthly HOA Assessment as $332 per Page #6 & 8 Credit Pkg whereas monthly HOA per 1008 & Final CD Page #16 Signed Closing Pkg is $27.67. Lender considered monthly HOA in Appraisal as Yearly HOA. DSCR matching if we consider HOA of $27.67. - Due Diligence Vendor-11/08/2024

Resolved-updated DSCR to match monthly HOA not annual - Due Diligence Vendor-11/19/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2769375

XXXXXX-2025-NQM3-73

Closed

FVAL5385

2024-11-07 23:37

2024-11-08 00:23

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Property was listed for sale within 6 months- Exception Form in the File page no #16- [Redacted].pdf
- Due Diligence Vendor-11/08/2024

1. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File,
2. 5+ years credit history- Oldest tradeline date in CBR page # 77 of Guimaraes2.pdf is 11/01/2003
3. No consumer late payments in the last 24 months-  No Consumer late payments in CBR Page #77 of Guimaraes2.pdf,
4.  No mortgage late payments in the last 24 months- No Mortgage late payments in CBR Page #77 of Guimaraes2.pdf,
5. LTV 10% below maximum)- Audited LTV Is 56.58% & Maximum LTV is 80.00% With difference 23.42% Which is Greater than  10%,
6.  Credit score >40 points than minimum required- Audited FICO score is 708 & Guideline Maximum FICO score is 660  With difference 48 Which is Greater than  40%.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2768871

XXXXXX-2025-NQM3-74

Closed

FCRE9580

2024-11-08 05:07

2024-11-11 08:08

Resolved

1 - Information

Credit

Eligibility

Bankruptcy History does not meet guidelines

Resolved-per credit bk discharged in 2018 and since over 48 months not concerned. Did not put in credit page as no info provided by lender - Due Diligence Vendor-11/11/2024

Ready for Review-Document Uploaded. According to GLs, we are only concerned with the discharge date not being within the 48 months of the closing date; file date and case number are not required. Credit supplement and email from credit agency confirm Bankruptcy discharge on 09/25/2018. - Buyer-11/08/2024

Open-Bankruptcy shown on an account on credit #236 Credit Pkg whereas unable to verify Bankruptcy File date & Case Number even from Supporting documentation in Page #233-235. need case number, open and discharge dates - Due Diligence Vendor-11/08/2024

Resolved-per credit bk discharged in 2018 and since over 48 months not concerned. Did not put in credit page as no info provided by lender - Due Diligence Vendor-11/11/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2769756

XXXXXX-2025-NQM3-75

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-76

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

XXXXXX-2025-NQM3-77

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-78

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-79

Closed

FCRE1174

2024-11-08 13:42

2024-11-08 13:51

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Exception form provided for Master insurance does not include equipment or ordinance/law
Exception form page#386 of 512
Approved With Conditions : +0.5 to price - Due Diligence Vendor-11/08/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2775074

XXXXXX-2025-NQM3-80

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-81

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-82

Closed

FVAL9739

2024-11-14 12:24

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived- - lender granted exception for Comps in the appraisal - comps outside the minimum distance of the subject (no comps within 1 mile and only 2 within 4 miles. All others 7 or more away) - page 13
- Due Diligence Vendor-11/14/2024

No credit events past 40 months, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

2813523

XXXXXX-2025-NQM3-82

Closed

FCRE1440

2024-11-13 08:02

2024-11-13 08:19

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Housing History Does Not Meet Guideline Requirements lender granted exception for MORTGAGE LATE in March 2024, 30 days - page 203 - Due Diligence Vendor-11/13/2024

No credit events past 40 months, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

2799768

XXXXXX-2025-NQM3-83

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-84

Closed

FCRE1212

2024-11-15 07:52

2024-11-20 12:50

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-now fully signed copy present - Due Diligence Vendor-11/20/2024

Ready for Review-Document Uploaded. Please find attached - Buyer-11/20/2024

Open-Purchase contract has not been fully provided Buyer & Seller signature is missing on purchase contract - Due Diligence Vendor-11/15/2024

Resolved-now fully signed copy present - Due Diligence Vendor-11/20/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2818915

XXXXXX-2025-NQM3-85

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-86

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-87

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-88

Closed

FCRE1491

2024-11-15 12:25

2024-11-20 12:53

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-11/20/2024

Ready for Review-No business assets were used for subject transaction. Borrower was receiving cash at closing , it's a refinance cash-out loan. - Buyer-11/20/2024

Open-Asset Qualification Does Not Meet Guideline Requirements 100% Fund Access letter is missing in file for other business partner. Refer pg. no 390. - Due Diligence Vendor-11/15/2024

Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-11/20/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2822638

XXXXXX-2025-NQM3-89

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-90

Closed

FCRE5116

2024-11-18 03:04

2024-11-21 07:34

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-not closed yet - Due Diligence Vendor-11/21/2024
Ready for Review-Document Uploaded. Loan estimate provided. Please note, that the loan is not closed yet - Buyer-11/21/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted] with balance $[Redacted]" - Due Diligence Vendor-11/18/2024

Resolved-not closed yet - Due Diligence Vendor-11/21/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

2827450

XXXXXX-2025-NQM3-91

Closed

FCOM9610

2024-11-15 15:23

2024-11-21 13:32

Resolved

1 - Information

Compliance

Missing Doc

Missing Power of Attorney

Resolved-now present - Due Diligence Vendor-11/21/2024

Ready for Review-Document Uploaded. Please review uploaded POA - Buyer-11/21/2024

Open-POA document is missing as Non-borrower Title holder signed as POA - Due Diligence Vendor-11/15/2024

Resolved-now present - Due Diligence Vendor-11/21/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

2824205

XXXXXX-2025-NQM3-91

Closed

FCRE1146

2024-11-18 09:26

2024-11-20 13:22

Resolved

1 - Information

Credit

Missing Doc

Title Document is Partially Present

Resolved-lender ok with vesting - Due Diligence Vendor-11/20/2024

Ready for Review-Title and Note are on borrower's name [Redacted] ,her spouse signed the mortgage only ,but he is not on title - Buyer-11/20/2024

Open-Title Document is incomplete or only partially present Need deed to verify when NBS is added on Title as only Borrower name is reflecting in vesting Refer Pg. no 2870 - Due Diligence Vendor-11/18/2024

Resolved-lender ok with vesting - Due Diligence Vendor-11/20/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

2830830

XXXXXX-2025-NQM3-92

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-93

Closed

FCRE6019

2024-11-19 08:30

2024-11-21 09:10

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Borrower 1 Citizenship Documentation Is Missing Now present - Due Diligence Vendor-11/21/2024

Open-Borrower 1 Citizenship Documentation Is Missing - Due Diligence Vendor-11/21/2024

Ready for Review-Document Uploaded. Bprrower is from [Redacted] - Buyer-11/21/2024

Open-Borrower 1 Citizenship Documentation Is Missing country name missing - Due Diligence Vendor-11/19/2024

Resolved-Borrower 1 Citizenship Documentation Is Missing Now present - Due Diligence Vendor-11/21/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2839766

XXXXXX-2025-NQM3-93

Closed

FCRE1205

2024-11-19 09:11

2024-11-21 08:27

Resolved

1 - Information

Credit

Eligibility

OFAC Check Not Completed and/or Cleared

Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-11/21/2024

Ready for Review-Document Uploaded. - Buyer-11/21/2024

Open-OFAC Check Not Completed and/or Cleared missing - Due Diligence Vendor-11/19/2024

Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-11/21/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2840462

XXXXXX-2025-NQM3-93

Closed

FCRE1201

2024-11-19 09:11

2024-11-21 08:27

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-11/21/2024

Ready for Review-Document Uploaded. - Seller-11/21/2024

Open-Missing Third Party Fraud Report missing - Due Diligence Vendor-11/19/2024

Ready for Review-Document Uploaded. - Seller-11/21/2024

Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-11/21/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2840464

XXXXXX-2025-NQM3-94

Closed

FVAL9739

2024-11-19 01:37

2024-11-19 03:35

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Condo must have full size Kitchen and Separate Bedroom whereas Subject property has No bedrooms. however, exception document is in page # 93 of Transaction Report - Due Diligence Vendor-11/19/2024

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2837285

XXXXXX-2025-NQM3-95

Closed

FCRE9802

2024-11-18 12:52

Waived

2 - Non-Material

Credit

Eligibility

Borrower is First Time Homebuyer and Program Does Not Allow This

Waived-Borrower cannot be first time homebuyer for this program *FTHB is not allowed on DSCR Loan.
*Exception Form provided for Borrower FTHB No home ownership last 3 years
*Exception Pg.#112 of 198
*Approved with condition: 0.5 to price, [Redacted] max
- Due Diligence Vendor-11/18/2024

No consumer late payments in the last 24 months, LTV 10% below maximum, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2833697

XXXXXX-2025-NQM3-96

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-97

Closed

FVAL1039

2024-11-18 10:52

2024-12-03 05:54

Cured

1 - Information

Property

Value

Appraised value unsupported

Cured-CDA now present - Due Diligence Vendor-12/03/2024

Ready for Review-Document Uploaded. Please find CDA report attached - Buyer-12/03/2024

Open- - AVM (page 238) value is more than 10% lower than the appraised value. - Due Diligence Vendor-11/18/2024

Cured-CDA now present - Due Diligence Vendor-12/03/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2832048

XXXXXX-2025-NQM3-97

Closed

FCRE9650

2024-11-18 10:19

2024-11-22 11:34

Resolved

1 - Information

Credit

Missing Doc

Missing Lead Paint Disclosure on properties built before January 1, 1978.

Resolved-now present - Due Diligence Vendor-11/22/2024

Ready for Review-Document Uploaded. Please find attached - Buyer-11/22/2024

Open-Lead Based Paint Disclosure is 'Missing'. Missing Lead Paint Disclosure on properties built on or before December 31, 19767. - Due Diligence Vendor-11/18/2024

Resolved-now present - Due Diligence Vendor-11/22/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2831570

XXXXXX-2025-NQM3-98

Closed

FCRE1995

2024-11-19 05:59

2024-11-21 09:14

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-backed out - Due Diligence Vendor-11/21/2024

Ready for Review-Please disregard, this EMD was back out - Buyer-11/21/2024

Open-Please provide supporting document to verify earnest money deposit of $5000 which is reflecting in final CD in page#18_Signed closing pkg.pdf - Due Diligence Vendor-11/19/2024

Resolved-backed out - Due Diligence Vendor-11/21/2024

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2838214

XXXXXX-2025-NQM3-99

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-100

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-101

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-102

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-103

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-104

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-105

Closed

FCRE9991

2024-11-21 05:37

2024-11-25 09:01

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated 1008  and dscr score now present - Due Diligence Vendor-11/25/2024
Ready for Review-Document Uploaded.  - Buyer-11/25/2024
Open-Originator DSCR Is 0.932 and the Calculated DSCR is 0.895, the Variance 0.037. Calculated Rent amount from [Redacted] in page #9 of closing docs.pdf ([Redacted]). DSCR calculation: Rent amount[Redacted]. Lender considered Rent amount of $[Redacted].  - Due Diligence Vendor-11/21/2024

Resolved-updated 1008 and dscr score now present - Due Diligence Vendor-11/25/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2854919

XXXXXX-2025-NQM3-105

Closed

FCRE1995

2024-11-21 05:32

2024-11-25 08:59

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-backed out - Due Diligence Vendor-11/25/2024
Ready for Review-Backed out - Buyer-11/25/2024
Open-earnest deposit of $ [Redacted]is reflecting in final 1003(page #56 of [Redacted]) and Final CD (page # 3 of [Redacted]), supporting documents are missing in file - Due Diligence Vendor-11/21/2024

Resolved-backed out - Due Diligence Vendor-11/25/2024

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2854891

XXXXXX-2025-NQM3-106

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-107

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-108

Closed

FPRO2828

2024-11-21 08:22

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived- - lender granted exception for to order CDA on transferred appraisal - page 1

(Rxception to order CDA on a transferred appraisal. Ordered AVM and the value is over our appraised and purchase price but the AVM shows 83% confidence. Looking to order CDA instead of new appraisal) - Due Diligence Vendor-11/21/2024

DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2856368

XXXXXX-2025-NQM3-109

Closed

FCRE8201

2024-11-22 00:47

2024-11-22 04:10

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Exception document in page# 428 of 533 to Allow Separate Flood Policy Coverage on a Condominium - Due Diligence Vendor-11/22/2024

No mortgage late payments in the last 24 months-No Consumer late payments in CBR Page #519 of 533
5+ years credit history-Oldest tradeline date in CBR page # 519 of 533 is 11/18/2003
Credit score >40 points than minimum required-Audited FICO 800 and Guideline maximum FICO 680 with difference 120 which is greater than 40

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2862697

XXXXXX-2025-NQM3-110

Closed

FCRE1995

2024-11-22 00:35

2024-11-26 07:23

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD proof now present - Due Diligence Vendor-11/26/2024
Ready for Review-Document Uploaded. Please see attached documents verifying $[Redacted]of EMD - Buyer-11/25/2024
Open-Total EMD per Final CD page #7 - Signed Closing Package is $[Redacted]. $[Redacted] verified from page #40- [Redacted].pdf. Please provide Supporting document to verify another $[Redacted]. - Due Diligence Vendor-11/22/2024

Resolved-EMD proof now present - Due Diligence Vendor-11/26/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2862667

XXXXXX-2025-NQM3-111

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-112

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-113

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-114

Closed

FCRE9994

2024-11-22 10:33

Waived

2 - Non-Material

Credit

Eligibility

Original LTV (OLTV) does not meet eligibility requirement(s)

Waived- - lender granted exception for Allow [Redacted] Investor PUD New Construction ([Redacted]) - page 31 - Due Diligence Vendor-11/22/2024

5 years on current job, 5+ years credit history, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2867562

XXXXXX-2025-NQM3-115

Closed

FCRE1995

2024-11-25 00:49

2024-11-26 08:25

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-emd present - Due Diligence Vendor-11/26/2024

Ready for Review-Document Uploaded. Please see the evidence of 10,000 EMD. - Buyer-11/25/2024

Open-Earnest Deposit of $10,000 is reflecting in Final 1003(page # 99 of signed closing pkg) and final CD(page # 29 of signed closing pkg) supporting documents are missing for the Earnest Deposit amount - Due Diligence Vendor-11/25/2024

Resolved-emd present - Due Diligence Vendor-11/26/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2873998

XXXXXX-2025-NQM3-116

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-117

Closed

FCRE3599

2024-11-26 04:09

2024-11-26 09:46

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-More than 5 Financed Properties with same lender in 6 months not allowed per Guidelines for same Borrower, however exception document in page 87 of [Redacted]2.pdf - Due Diligence Vendor-11/26/2024

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months- No Consumer late payments in CBR Page #137 of [Redacted]2.pdf
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #137 of [Redacted]2.pdf. Latest last payment is on 07/22

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2883663

XXXXXX-2025-NQM3-118

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-119

Closed

FCRE1228

2024-11-27 09:08

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-6 NSFs in 12 months
Pg 528 - Due Diligence Vendor-11/27/2024

DTI >=10% lower than loan program, No consumer late payments in the last 24 months, LTV 10% below maximum
Credit Decision
Status & Date of Decision Approved With Conditions 10/22/2024 71 CLTV max, 0.25 to price, no other exceptions allowed

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

2895461

XXXXXX-2025-NQM3-120

Closed

FCRE1995

2024-11-27 09:08

2024-12-04 13:02

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-backed out - Due Diligence Vendor-12/04/2024

Ready for Review-Document Uploaded. UW response provided - Buyer-12/04/2024

Open- - missing - Due Diligence Vendor-11/27/2024

Resolved-backed out - Due Diligence Vendor-12/04/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2895459

XXXXXX-2025-NQM3-121

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-122

Closed

FCRE9802

2024-12-02 07:08

Waived

2 - Non-Material

Credit

Eligibility

Borrower is First Time Homebuyer and Program Does Not Allow This

Waived-Borrower cannot be first time homebuyer for this program Per Guide: First-time homebuyer is not allowed on DSCR
Exception form provided for FTHB DSCR, pls allow at 30% down
Exception form page#126 of 187
Approved With Conditions: 0.5 to price, DSCR>1 required, explanation on why not listed for sale is required (Sr UW to assess)
- Due Diligence Vendor-12/02/2024

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2905267

XXXXXX-2025-NQM3-123

Closed

FCOM8972

2024-12-03 00:53

2024-12-09 08:08

Resolved

1 - Information

Compliance

Missing Doc

Missing Deed of Trust Riders

Resolved-corrected doc now present - Due Diligence Vendor-12/09/2024
Ready for Review-Document Uploaded. Please see attached mortgage with correct 2nd page along with riders - Buyer-12/06/2024
Open-In DOT document (page # 38 of signed closing package) there is check mark for condominium rider in (E section) but Provided PUD Rider in page # 59 of Signed closing pkg, however property is mixed use per Appraisal Report Page #41_[Redacted].pdf and unit riders are missing in file - Due Diligence Vendor-12/03/2024

Resolved-corrected doc now present - Due Diligence Vendor-12/09/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

2915664

XXXXXX-2025-NQM3-123

Closed

FVAL5524

2024-12-03 00:32

2024-12-03 02:50

Waived

2 - Non-Material

Property

Ineligible Property

Waived-All units are vacant, however exception document in page # 6 of [Redacted].pdf - Due Diligence Vendor-12/03/2024

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
5+ years credit history-Oldest tradeline date in CBR page # 145 of Zhang2.pdf is 02/01/2015
No consumer late payments in the last 24 months-- No Consumer late payments in CBR Page #145 of Zhang2.pdf
LTV 10% below maximum-Audited LTV 38.72% & Maximum LTV 70% with difference 31.28% which is greater than 10%
Credit score >40 points than minimum required-Audited FICO 797 and Guideline maximum FICO 680 with difference 117 which is greater than 40
Borrower contribution exceeds requirement >=5%-Borrower contribution is nearly 41.91%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2915619

XXXXXX-2025-NQM3-123

Closed

FVAL5472

2024-12-03 00:44

2024-12-03 02:49

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-1 of the units in Subject Property is 484 sq ft Gross living area, however exception document in page # 7 of [Redacted].pdf - Due Diligence Vendor-12/03/2024

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2915643

XXXXXX-2025-NQM3-124

Closed

FCRE7532

2024-12-03 03:56

2024-12-03 05:52

Waived

2 - Non-Material

Credit

Eligibility

Qualifying Credit Score does not meet eligibility requirement(s)

Waived-Co borrower Only has 1 Fico score Reporting, however exception document is in page 314 of Credit Package.pdf - Due Diligence Vendor-12/03/2024

Revolving debt is under 30%-Revolving debt of $140 is within 30% of Total debts $4310
No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
5+ years credit history-Oldest tradeline date in CBR page # 194 of creditpackage.pdf is 12/01/2010,
Credit score >40 points than minimum required-Audited FICO 794 and Guideline maximum FICO 680 with difference 114 which is greater than 40
No Mortgage late payments for last 24 months - No Mortgage late payments per CBR page # 194 of creditpackage.pdf
2+ borrowers on the loan - File is Joint credit with 2 Borrowers

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

2916044

XXXXXX-2025-NQM3-125

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-126

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-127

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-128

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-129

Closed

FCRE1441

2024-12-11 07:03

2024-12-11 07:08

Waived

2 - Non-Material

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Waived-File has Collection account which was reported recently per Credit Report Page #211 Closing docs.pdf. However, Related exception in Page #145 & 146 Closing docs.pdf - Due Diligence Vendor-12/11/2024

1. Revolving debt is under 30% - Revolving debt of 1.79% is within 30% of overall payments
2. 5+ years credit history - Oldest Tradeline date is 11/01/1975 which is 5 years prior from Closing date per Credit Report Page #205 Closing docs.pdf
3. LTV 10% below maximum - Calculated LTV is 39.73% and Maximum LTV is 80% with variance 40.27%

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

2979886

XXXXXX-2025-NQM3-130

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-131

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-132

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-133

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-134

Closed

FCRE1995

2024-12-19 03:14

2024-12-23 09:14

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-backed out - Due Diligence Vendor-12/23/2024
Ready for Review-Document Uploaded. EMD was backed out of net proceeds from sale of property [Redacted] - Buyer-12/20/2024
Open-Please Provide supporting documentation to verify Earnest Money Deposit of $10,000 reflecting in Final CD Page #10_Signed Closing Pkg - Due Diligence Vendor-12/19/2024

Resolved-backed out - Due Diligence Vendor-12/23/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3041009

XXXXXX-2025-NQM3-135

Closed

FCRE1253

2024-12-20 05:19

2024-12-27 07:00

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-tax calc provided - Due Diligence Vendor-12/27/2024

Ready for Review-Document Uploaded. Please see attached response from the Broker - Buyer-12/26/2024

Open-Missing Property Tax Cert Please Provide Updated Tax Certificate or LOE as Tax amount is $0 per 1008 and Final CD in Page #125_Signed Closing Pkg. Lender not considered Tax amount for DSCR calculation.
Tax amount is $7,537.67 Annually per Tax Sheet in Page #76_Signed closing Pkg
- Due Diligence Vendor-12/20/2024

Resolved-tax calc provided - Due Diligence Vendor-12/27/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3052381

XXXXXX-2025-NQM3-135

Closed

FCRE5116

2024-12-20 04:35

2024-12-23 15:32

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-new loan - Due Diligence Vendor-12/23/2024
Ready for Review-Document Uploaded. Please see the attachment showing that this mortgage was issued in [Redacted] Mortgage under loan number [Redacted] - Buyer-12/23/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted] with balance $[Redacted]" - Due Diligence Vendor-12/20/2024

Resolved-new loan - Due Diligence Vendor-12/23/2024

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3052218

XXXXXX-2025-NQM3-136

Closed

FCRE9991

2024-12-19 12:13

2024-12-30 08:49

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated DTI now matches - Due Diligence Vendor-12/30/2024
Ready for Review-Document Uploaded. DTI updated. Please see attached Approval letter, Lock, tape and 1008. - Buyer-12/30/2024
Open- - DTI should be 17.73%. Approval is 21.85%. PITIA is $5,002.11 + Debts from Credit report of $[Redacted] / Income of $[Redacted]= 17.73% (DTI is off due to balance monthly [Redacted] payment being included in the DTI.) - Due Diligence Vendor-12/19/2024

Resolved-updated DTI now matches - Due Diligence Vendor-12/30/2024

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3047226

XXXXXX-2025-NQM3-136

Closed

FCRE1440

2024-12-19 11:54

2024-12-19 12:11

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Housing History Does Not Meet Guideline Requirements - lender granted exception for 1 late payment on primary - page 138 (The mortgage servicer was changed, borrower did pay to the wrong provider) - Due Diligence Vendor-12/19/2024

Several income sources and DTI below 45%, 5 years on current job, No credit events past 40 months, 5+ years credit history, LTV 10% below maximum

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3046933

XXXXXX-2025-NQM3-137

Closed

FVAL5524

2024-12-27 13:09

Waived

2 - Non-Material

Property

Ineligible Property

Waived- - lender granted exception for garage conversion to 2 apartment units (no permit) - page 379 - Due Diligence Vendor-12/27/2024

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3095772

XXXXXX-2025-NQM3-138

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-139

Closed

FCRE9991

2024-12-31 10:36

2025-01-13 16:37

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender updated DTI - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. Taxes and insurance had been added for the primary, DTI corrected to 32.35%. - Buyer-01/13/2025

Counter-this is not acceptable without page number and section of guide as DTI calc always includes taxes and ins on other REO / primary owned if disclosed - Due Diligence Vendor-01/08/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1. - Buyer-01/07/2025

Open- - DTI should be 32.355%. Approval is 36.624%. PITIA is $3,989.71 + Debts from Credit report of $121.00 + negative rents used of $5,678.00 + primary residence $1,248.73 / Income of $21,785.69 = 32.35% DTI difference due to taxes and insurance on the primary. Mortgage on the primary is being paid off but the taxes and insurance were not included in the DTI. - Due Diligence Vendor-12/31/2024

Resolved-lender updated DTI - Due Diligence Vendor-01/13/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3114252

XXXXXX-2025-NQM3-140

Closed

FCRE8611

2025-01-02 15:31

2025-01-14 13:22

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-corrected CPA letter now present - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. Please see attached CPA letter. - Buyer-01/14/2025

Counter-this does not meet guidelines. we need accountant/cpa letter to specifically state : Sole Proprietor borrower must provide a CPA Letter. It must indicate self-employed history and that the borrower is a Sole Proprietor - Due Diligence Vendor-01/09/2025

Ready for Review-The letter states that the borrower is a real estate agent. Almost all real estate agents are sole proprietors and the business name on the 1003 and P&L is just the borrower's name. - Buyer-01/09/2025

Open-accountant letter does not specify sole proprietor - Due Diligence Vendor-01/02/2025

Resolved-corrected CPA letter now present - Due Diligence Vendor-01/14/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3127700

XXXXXX-2025-NQM3-141

Closed

FCRE6101

2025-01-08 08:12

2025-05-27 07:04

Resolved

1 - Information

Credit

Insurance

Named Insured on Flood Insurance does not match Borrower(s) Name(s)

Resolved-Flood now has one borrower and mortgagee clause is now present - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached Flood Insurance - Seller-05/23/2025

Counter-Name of Insured does not match Flood Insurance Borrowers Names. this is not the flood policy. wrong policy - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. Please see attached HO3 - Seller-05/05/2025

Counter-mortgagee clause missing ISAOA and ATIMA still - Due Diligence Vendor-01/16/2025

Ready for Review-Please be informed that per our requirements least one borrower should be provided on policy, so we are ok with co-borrower as insured. - Seller-01/16/2025

Open-Name of Insured does not match Flood Insurance Borrowers Names. 1. missing B1 name on flood policy and 2. missing Mortgagee clause of ISAOA and ATIMA - Due Diligence Vendor-01/08/2025

Ready for Review-Document Uploaded. Please see attached Flood Insurance - Seller-05/23/2025

Ready for Review-Document Uploaded. Please see attached HO3 - Seller-05/05/2025

Ready for Review-Please be informed that per our requirements least one borrower should be provided on policy, so we are ok with co-borrower as insured. - Seller-01/16/2025

Resolved-Flood now has one borrower and mortgagee clause is now present - Due Diligence Vendor-05/27/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3162400

XXXXXX-2025-NQM3-141

Closed

FCRE1158

2025-01-08 08:12

2025-05-05 14:01

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-renewed policy now present. Expiration dates are over 30 days after closing. - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. Please see attached updated policy - Buyer-05/05/2025

Open-Hazard Insurance Policy Partially Provided missing renewal policy- If HOI is expiring withing less than 30 days from the closing date, the updated policy must be provided to be paid at closing. - Due Diligence Vendor-01/08/2025

Resolved-renewed policy now present. Expiration dates are over 30 days after closing. - Due Diligence Vendor-05/05/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3162398

XXXXXX-2025-NQM3-141

Closed

FCRE8902

2025-01-08 08:05

2025-03-31 06:08

Resolved

1 - Information

Credit

Title

Title Policy Issue - Delinquent taxes on Policy

Resolved-lender sent proof taxes due were paid - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. The taxes for first half was already paid as per records, for second half due dates were 5/1/23 so not required as first payment date for loan was 3/1/25 - Buyer-03/28/2025

Open-page 70 and title commitment say taxes were to be paid and collected for 1st half. Not on CD , need proof taxes were paid current - Due Diligence Vendor-01/08/2025

Resolved-lender sent proof taxes due were paid - Due Diligence Vendor-03/31/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3162298

XXXXXX-2025-NQM3-142

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

XXXXXX-2025-NQM3-143

Closed

63490-76280

2025-01-09 12:59

2025-01-21 11:00

Acknowledged

2 - Non-Material

Compliance

Payment:1stPayment

New Jersey - Days to First Payment (RMLA)(Junior Lien)

Acknowledged-Lender used funding date as loan consummation date which is within 30 day requirement. the [Redacted] code is not clear as to which date constitutes consummation. Finding is acknowledged as a compliance caution grade B EV2 - Due Diligence Vendor-01/21/2025
Ready for Review-Disbursement date is on 01/06/2025 - Buyer-01/13/2025
Open-The first payment date of (2025-03-01) is greater than 60 days from the Consummation Date of (2024-12-30). Under the [Redacted] Residential Mortgage Lending Act, the number of days to first payment may not exceed 60 days on subordinate lien loans. ([Redacted]. Rev. Stat. 17:11C-78) - Due Diligence Vendor-01/09/2025

Acknowledged-Lender used funding date as loan consummation date which is within 30 day requirement. the NJ code is not clear as to which date constitutes consummation. Finding is acknowledged as a compliance caution grade B EV2 - Due Diligence Vendor-01/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3175518

XXXXXX-2025-NQM3-144

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-145

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-146

Closed

2000000-Fees-Prohibited-Title Document Preparation-998-NY-Borrower

2025-01-10 10:27

2025-01-21 13:01

Resolved

1 - Information

Compliance

Mavent

NY Fee Not Allowed- Title Document Preparation (Fee ID: 998)

Resolved-fee was not a fee charged by the lender but to a third party. Statute states specifically lender cannot charge this fee and lender did not - Due Diligence Vendor-01/21/2025
Ready for Review-This fee was charge by Title company, it's not prohibited - Buyer-01/17/2025
Open-The[Redacted]Banking Board Regulation - Part 80 (3 [Redacted] ADC 80.8) does not allow Title Document Preparation (Fee ID: 998) to be charged to the Borrower in [Redacted]. - Due Diligence Vendor-01/10/2025

Resolved-fee was not a fee charged by the lender but to a third party. Statute states specifically lender cannot charge this fee and lender did not - Due Diligence Vendor-01/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3183236

XXXXXX-2025-NQM3-147

Closed

2000000-Fees-Prohibited-Title-Pick-up Fee-998-NY-Borrower

2025-01-10 10:02

2025-01-15 15:16

Cured

2 - Non-Material

Compliance

Mavent

NY Fee Not Allowed- Title-Pick-up Fee (Fee ID: 998)

Cured-PCCD non numerical provided - Due Diligence Vendor-01/15/2025
Resolved- - Due Diligence Vendor-01/15/2025
Ready for Review-Replied to the other condition with
LOX and PCCD, was also sent to the borrower - Buyer-01/15/2025
Open-The [Redacted] Banking Board Regulation - Part 80 (3 [Redacted] ADC 80.8) does not allow Title-Pick-up Fee (Fee ID: 998) to be charged to the Borrower in [Redacted]. - Due Diligence Vendor-01/10/2025

Cured-PCCD non numerical provided - Due Diligence Vendor-01/15/2025

Resolved- - Due Diligence Vendor-01/15/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3182596

XXXXXX-2025-NQM3-147

Closed

2000000-Fees-Prohibited-Title Document Preparation-998-NY-Borrower

2025-01-10 10:29

2025-01-15 15:15

Resolved

1 - Information

Compliance

Mavent

NY Fee Not Allowed- Title Document Preparation (Fee ID: 998)

Resolved- - Due Diligence Vendor-01/15/2025
Ready for Review-Document Uploaded. Please find attached
LOX and PCCD, was also sent to the borrower - Buyer-01/15/2025
Open-The [Redacted] Banking Board Regulation - Part 80 (3 [Redacted] ADC 80.8) does not allow Title Document Preparation (Fee ID: 998) to be charged to the Borrower in . - Due Diligence Vendor-01/10/2025

Resolved- - Due Diligence Vendor-01/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3183264

XXXXXX-2025-NQM3-148

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-149

Closed

FCRE1173

2025-01-13 05:34

2025-03-21 05:02

Resolved

1 - Information

Credit

Missing Doc

Master Condo Insurance Policy is Missing

Resolved-condo ins for building now present - Due Diligence Vendor-02/13/2025

Resolved-HO-6 Master Insurance Policy is fully present - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. Please see attached Master policy and Ordinance & Law info - Buyer-02/13/2025

Open-Missing Master Condo Insurance Policy master policy page 450 is missing the building coverage - Due Diligence Vendor-01/13/2025

Resolved-condo ins for building now present - Due Diligence Vendor-02/13/2025

Resolved-HO-6 Master Insurance Policy is fully present - Due Diligence Vendor-02/13/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3189896

XXXXXX-2025-NQM3-149

Closed

FCRE4963

2025-01-13 05:25

2025-01-15 08:04

Resolved

1 - Information

Credit

Debt

No evidence of required debt payoff

Resolved-payoff statement now present - Due Diligence Vendor-01/15/2025

Ready for Review-Document Uploaded. Please see attached payoff statement - Buyer-01/14/2025

Open-there was a debt paid at close but not clear what it was for. provide copy of pay off statement - Due Diligence Vendor-01/13/2025

Resolved-payoff statement now present - Due Diligence Vendor-01/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3189866

XXXXXX-2025-NQM3-150

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-151

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-152

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-153

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-154

Closed

FCRE6546

2025-01-16 10:19

2025-01-21 13:09

Resolved

1 - Information

Credit

Missing Doc

Missing legal documents for senior or subordinate lien

Resolved-copy of note now present - Due Diligence Vendor-01/21/2025

Ready for Review-Document Uploaded. Please see attached documents. - Buyer-01/21/2025

Open-missing copy of mortgage on first - Due Diligence Vendor-01/16/2025

Resolved-copy of note now present - Due Diligence Vendor-01/21/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3221916

XXXXXX-2025-NQM3-154

Closed

FCRE9991

2025-01-16 10:17

2025-01-21 13:08

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DTI is now updated - Due Diligence Vendor-01/21/2025
Ready for Review-Document Uploaded. Fixed. Please see attached tape, 1008, lock and approval letter. - Buyer-01/21/2025
Open-DTI is incorrect on tape. PITIA (incl 1st and 2nd) is [Redacted]. ALl figures match 1008 and final 1003 but the DTI Is off on tape
- Due Diligence Vendor-01/16/2025

Resolved-DTI is now updated - Due Diligence Vendor-01/21/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3221878

XXXXXX-2025-NQM3-155

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-156

Closed

FCRE9991

2025-01-17 11:57

2025-01-22 12:43

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated 1008 now present DTI is within 1% - Due Diligence Vendor-01/22/2025

Ready for Review-Document Uploaded. Please see attached revised Lock confirmation, 1008 and tape - Buyer-01/22/2025

Open-DTI should be 26.42. PITIA is 2485.70 (Lender didnt include the $167.46 / mo for taxes. This was added into 1008 for PITIA) - Due Diligence Vendor-01/17/2025

Resolved-updated 1008 now present DTI is within 1% - Due Diligence Vendor-01/22/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3232798

XXXXXX-2025-NQM3-156

Closed

FCRE1228

2025-01-17 12:00

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Pg 108
9 nsfs total
Comments Hi Team, NSFs are on business account
- Due Diligence Vendor-01/17/2025

Compensating Factors
Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last
24 months, No consumer late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 12/19/2024 75% CLTV MAX & 0.25 to price

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3232836

XXXXXX-2025-NQM3-157

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-158

Closed

FCRE1228

2025-01-22 08:35

2025-01-22 10:44

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived--As per guide only 3 NSF is allowed in 12 Months of Bank Statement.
-Exception form provided to Allow Proceeding with Loan as borrower have 6 NSFs Account in 12 Months statement.
-Exception form on Pg. no 358 of 438
-Approved condition :- 0.25 to price - Due Diligence Vendor-01/22/2025

5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3253081

XXXXXX-2025-NQM3-159

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-160

Closed

2000000-Fees-Prohibited-Title-Doc Prep Fee-998-NY-Borrower

2025-01-22 14:04

2025-02-03 14:48

Resolved

1 - Information

Compliance

Mavent

NY Fee Not Allowed- Title-Doc Prep Fee (Fee ID: 998)

Resolved- - Due Diligence Vendor-02/03/2025
Ready for Review- - Due Diligence Vendor-02/03/2025
Ready for Review-Document Uploaded. Please see attached PCCD and LOX - Buyer-02/03/2025
Counter-[Redacted] Comp Codes Rules and Regs § 80.8, (c) fees or premiums for a title examination, an abstract of title, title insurance or similar purposes are the only fees that may be charged for title. The fact that it was charged by a title company is not required. the intent of th ecode is to limit charges to borrower. Finding stands Title-Doc Prep Fee in not allowed. Fee can be refunded and a PCCD issued. - Due Diligence Vendor-01/30/2025
Ready for Review-This fee was charged by Title company, it's not prohibited. - Buyer-01/27/2025
Open-The [Redacted] Banking Board Regulation - Part 80 (3 [Redacted] ADC 80.8) does not allow Title-Doc Prep Fee (Fee ID: 998) to be charged to the Borrower in [Redacted]. - Due Diligence Vendor-01/22/2025

Resolved- - Due Diligence Vendor-02/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3258170

XXXXXX-2025-NQM3-160

Closed

FCRE2828

2025-01-23 07:47

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-*Exception form is provided for Loan modification 3-4 years ago (4/1/21)
*Approved as is.
*Exception form is on page #47 of 200 - Due Diligence Vendor-01/23/2025

No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, Residual income >= 3000$

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3265590

XXXXXX-2025-NQM3-161

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-162

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-163

Closed

FCRE9991

2025-01-23 13:18

2025-01-30 08:59

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-tape updated and DTI adjusted to use lender income - Due Diligence Vendor-01/30/2025
Ready for Review-Document Uploaded. - Due Diligence Vendor-01/30/2025
Ready for Review-We are keeping at 50% to be conservative - Buyer-01/30/2025
Open-1) DTI is off by 12.73%: Lender's DTI: 38.18% and Verified doc DTI: 25.45%
> Reason: Lender considered expense ratio 50% but per verified doc pg.#523,506 of 542 is 25%.
Income Cal: Income calculation: 642086.15 /12= 53507.1792*75% (25% expense ratio excluded)= 40130.38 should be the income
DTI Cal: PITIA $8,756.61+ Negative Cash Flow $375.64+ Other Debts $1,082 / Income $40,130.38 = DTI should be 25.45%.

2) Tape LTV to be updated from [Redacted]% to [Redacted]% & CLTV to be updated from [Redacted]% to [Redacted]%, lender has incorrectly calculated LTV using CDA value of $[Redacted] instead of Appraisal value of $[Redacted]. - Due Diligence Vendor-01/23/2025

Resolved-tape updated and DTI adjusted to use lender income - Due Diligence Vendor-01/30/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3270555

XXXXXX-2025-NQM3-164

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-165

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-166

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-167

Closed

FCRE1964

2025-01-30 06:43

2025-01-31 13:30

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-expense ratio documented - Due Diligence Vendor-01/31/2025

Ready for Review-Document Uploaded. Please review uploaded explanation - Buyer-01/31/2025

Open-Business Bank statement program and Expense Factor considered by the lender is 88% but supporting doc is missing in file. - Due Diligence Vendor-01/30/2025

Resolved-expense ratio documented - Due Diligence Vendor-01/31/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3314906

XXXXXX-2025-NQM3-168

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-169

Closed

FCOM9175

2025-02-03 06:56

2025-02-05 11:55

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure not received by the borrower 3 days prior to consummation

Resolved-proof sent now present - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. Please review uploaded proof that all CD's were sent to the borrower electonically. - Buyer-02/04/2025

Open-Provide evidence that Revised Closing Disclosure issued on 01/21/25; 01/22/25 & 01/23/25 were sent electronically to the borrower - Due Diligence Vendor-02/03/2025

Resolved-proof sent now present - Due Diligence Vendor-02/05/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3334225

XXXXXX-2025-NQM3-170

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-171

Closed

FCRE7347

2025-02-03 14:57

2025-02-10 13:01

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-lender removed rental income. Borrower still qualfies with no rents from this unit. DTI updated - Due Diligence Vendor-02/10/2025
Ready for Review-Document Uploaded. We removed the $550 of rental income from[Redacted]. Please see attached updated 1008, Approval letter, lock and tape. - Buyer-02/10/2025
Open-Lease agreement for property #45 available on page #129 of 154 is for the year 2015, hence need a recent one. - Due Diligence Vendor-02/03/2025

Resolved-lender removed rental income. Borrower still qualfies with no rents from this unit. DTI updated - Due Diligence Vendor-02/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3340950

XXXXXX-2025-NQM3-171

Closed

FCRE1326

2025-02-04 11:52

2025-02-10 12:57

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 YTD Profit & Loss Missing

Resolved-Borrower 1 YTD Profit & Loss Provided - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded. All pages of the P&L are signed. The cover letter indicates that the document package was prepared on 1/14/25. We are okay to proceed. - Buyer-02/10/2025

Open-P&L signature date is missing on provided P&L statement - Due Diligence Vendor-02/04/2025

Resolved-Borrower 1 YTD Profit & Loss Provided - Due Diligence Vendor-02/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3348128

XXXXXX-2025-NQM3-172

Closed

1910-1003925

2025-02-05 11:58

2025-03-03 08:53

Acknowledged

2 - Non-Material

Compliance

Mavent

Interest: DaysInYear

Acknowledged-Lender used a standard FNMA 30 day note. Finding is acknowledged as a compliance caution. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. Please see attached FedEx label, check refund, LOE and PCCD - Buyer-02/26/2025
Open-The interest days in year used to calculate the interest (Periodic 360) is less than 365 days. The Washington Interest and Usury provisions require the number of days used for the interest rate calculation to equal 365. (RCW 19.52.020; [Redacted], Inc., 90 [Redacted]. 2d 680, 586 P. 2d 830 (1978)) - Due Diligence Vendor-02/05/2025

Acknowledged-Lender used a standard FNMA 30 day note. Finding is acknowledged as a compliance caution. - Due Diligence Vendor-03/03/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3358253

XXXXXX-2025-NQM3-172

Closed

FCRE2109

2025-02-05 11:15

2025-02-10 09:41

Resolved

1 - Information

Credit

Missing Doc

Missing Lender Income Calculation Worksheet

Resolved-Explanation validated and clears finding - Due Diligence Vendor-02/10/2025
Ready for Review-For income calculation were used ten bank statements for [Redacted], as this account was closed and funds transferred to [Redacted]were used two bank statements for this account. - Buyer-02/07/2025
Open-One on page 129 is not thru Nov and statements are thru Nov. need updated worksheet. - Due Diligence Vendor-02/05/2025

Resolved-Explanation validated and clears finding - Due Diligence Vendor-02/10/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3357554

XXXXXX-2025-NQM3-172

Closed

FCRE1228

2025-02-05 11:27

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-8 NSF
Pg 188 - Due Diligence Vendor-02/05/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage
late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 01/02/2025 0.25 to price, 50k LA max

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3357730

XXXXXX-2025-NQM3-173

Closed

FCRE1158

2025-02-06 06:38

2025-03-21 01:34

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-02/12/2025

Ready for Review-Document Uploaded. Please see attached updated 1008 and Lock confirmation. Insurance Premium amount was corrected according to information in Insurance policy. - Buyer-02/11/2025

Open-Hazard Insurance Policy Partially Provided As per 1008 Lender considered Monthly HOI premium as $80.00 where document reads $166.92 Monthly Need Supporting document to verify Annual Premium amount refer Pg. no 1 of 645 - Due Diligence Vendor-02/06/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-02/12/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3363645

XXXXXX-2025-NQM3-173

Closed

2000000-Fees-Prohibited-Document Preparation Fee-104-NY-Borrower

2025-02-06 06:18

2025-02-27 04:53

Cured

2 - Non-Material

Compliance

Mavent

NY Fee Not Allowed- Document Preparation Fee (Fee ID: 104)

Cured-PCCD and proof of fee violation refund present - Due Diligence Vendor-02/27/2025
Resolved- - Due Diligence Vendor-02/27/2025
Ready for Review-Document Uploaded. Please see attached check refund along with PCCD and Letter of explanation - Buyer-02/26/2025
Open-The [Redacted] Banking Board Regulation - Part 80 (3 [Redacted] ADC 80.8) does not allow Document Preparation Fee (Fee ID: 104) to be charged to the Borrower in [Redacted]. - Due Diligence Vendor-02/06/2025

Cured-PCCD and proof of fee violation refund present - Due Diligence Vendor-02/27/2025

Resolved- - Due Diligence Vendor-02/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3363515

XXXXXX-2025-NQM3-174

Closed

FCRE0409

2025-02-07 08:09

Waived

2 - Non-Material

Credit

Eligibility

Subject loan Junior Lien program not qualified under guidelines - Ineligible First Lien program

Waived- - lender granted exception for IO 1st mtg - page 84 - Due Diligence Vendor-02/07/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3374811

XXXXXX-2025-NQM3-175

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-176

Closed

FCRE7805

2025-02-13 09:13

2025-02-19 08:55

Resolved

1 - Information

Credit

Missing Doc

Missing Income - Bank Statements

Resolved- - Due Diligence Vendor-02/19/2025

Ready for Review-Document Uploaded. Please review uploaded Sept. & October statements - Buyer-02/18/2025

Open- - Only have pages 1&2 of 34 for 9/2024 and page 1 of 32 for 10/2024 [Redacted] statements. Please provide full statements. - Due Diligence Vendor-02/13/2025

all pages of asset statements now present - 02/19/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3416465

XXXXXX-2025-NQM3-176

Closed

FCOM5814

2025-02-13 09:36

2025-02-18 11:24

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-proof of electronic delivery now present - Due Diligence Vendor-02/18/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-02/14/2025

Open-Provide evidence CD 02/03/2025 was electronically sent. - Due Diligence Vendor-02/13/2025

Resolved-proof of electronic delivery now present - Due Diligence Vendor-02/18/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3416890

XXXXXX-2025-NQM3-177

Closed

FCOM3605

2025-02-14 15:43

2025-02-20 11:17

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-confirmation that doc was sent electronically now present - Due Diligence Vendor-02/20/2025

Ready for Review-Document Uploaded. Please see attached confirmation that doc was sent electronically - Buyer-02/20/2025

Open-Provide evidence that Initial Closing Disclosure issued on 02/06/25 was sent electronically to the borrower - Due Diligence Vendor-02/14/2025

Resolved-confirmation that doc was sent electronically now present - Due Diligence Vendor-02/20/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3429727

XXXXXX-2025-NQM3-177

Closed

FCRE3978

2025-02-18 10:12

2025-02-20 11:17

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Credit)

Resolved-lender provided updated tape and included omitted debt since no proof of omission present. DTI now within 1% - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. Please see attached revised tape, Lock Confirmation and 1008 - Buyer-02/20/2025
Open-[Redacted](page #108 of 286) is excluded from DTI. Need most recent payments proof as paid by the business account.
Note: This account is excluded from DTI and one proof found is dated Dec 2023 on pg.#18 of 211 . - Due Diligence Vendor-02/18/2025

Resolved-lender provided updated tape and included omitted debt since no proof of omission present. DTI now within 1% - Due Diligence Vendor-02/20/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3439644

XXXXXX-2025-NQM3-178

Closed

FCOM4028

2025-02-24 12:54

2025-02-26 08:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3471853

XXXXXX-2025-NQM3-179

Closed

FCOM4028

2025-02-25 08:28

2025-02-25 15:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3476128

XXXXXX-2025-NQM3-180

Closed

FCOM4028

2025-02-25 06:14

2025-02-27 08:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-02/27/2025

Ready for Review- N/A. File was recently closed ,recorded mortgage is not available yet. - Buyer-02/26/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-02/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3474957

XXXXXX-2025-NQM3-180

Closed

FCRE1437

2025-02-25 06:48

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Page 721 - Bank stmt income qualification with non bwr spouse on statements - Due Diligence Vendor-02/25/2025

No credit events past 40 months, No mortgage lates in the last 24 months, No Consumer lates in last 24 months, LTV 10% below maximum, Credit Score > 40 points above program minimum, Reserves > 6 months.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3475151

XXXXXX-2025-NQM3-181

Closed

1000609-1001960

2025-02-25 11:55

2025-02-26 13:27

Resolved

1 - Information

Compliance

Tolerance:Disclosure

Federal - Closing Disclosure and Consummation Date

Resolved-This is acceptable. - Due Diligence Vendor-02/26/2025

Resolved- - Due Diligence Vendor-02/26/2025

Ready for Review-Document Uploaded. - Buyer-02/26/2025

Open-The Initial Closing Disclosure Received Date of (2025-02-14) is not three business days before the consummation date of (2025-02-18). Three business days before the consummation date is (20250213). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) * Need initial CD disclosed prior 3 business days of closing
The Initial Closing Disclosure Received Date of (2025-02-14) is not three business days before the consummation date of (2025-02-18). Three business days before the consummation date is (20250213). - Due Diligence Vendor-02/25/2025

Resolved-This is acceptable. - Due Diligence Vendor-02/26/2025

Resolved- - Due Diligence Vendor-02/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3478900

XXXXXX-2025-NQM3-181

Closed

FCOM4028

2025-02-25 08:56

2025-02-26 08:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3476461

XXXXXX-2025-NQM3-181

Closed

FVAL5524

2025-02-25 11:28

2025-02-25 15:03

Waived

2 - Non-Material

Property

Ineligible Property

Waived-*Per Guide Rural property is Ineligible
*Exception provided for Rural property checked on appraisal
*Exception Pg.#523 of 656
*Approved with Condition: [Redacted] max, rural pricing - Due Diligence Vendor-02/25/2025

Revolving debt is under 30%, 5 years on current job, Residential income >=3000$, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3478530

XXXXXX-2025-NQM3-182

Closed

FCOM1233

2025-02-26 13:23

2025-03-03 14:46

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-lender updated 1003 asset balance - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. This was updated to $339.40
- Buyer-03/03/2025
Open-update assets to fix balance. Balance is $[Redacted] on Dec Bank statement. 1003 says $[Redacted] - Due Diligence Vendor-02/26/2025

Resolved-lender updated 1003 asset balance - Due Diligence Vendor-03/03/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3487552

XXXXXX-2025-NQM3-182

Closed

FCOM4028

2025-02-26 10:25

2025-02-27 14:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3485658

XXXXXX-2025-NQM3-183

Closed

FCOM3605

2025-02-26 08:45

2025-02-28 12:23

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-electronic proof now present for CD - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Please find attached
evidence that Revised Closing Disclosure issued on 02/12/2025 was sent electronically to the borrower
Closing Disclosure issued on 02/13/2025 is a CD draft - Buyer-02/28/2025

Open-Provide evidence that Revised Closing Disclosure issued on 02/12/2025 & 02/13/25 was sent electronically to the borrower - Due Diligence Vendor-02/26/2025

Resolved-electronic proof now present for CD - Due Diligence Vendor-02/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3484277

XXXXXX-2025-NQM3-183

Closed

FCOM4028

2025-02-26 06:49

2025-02-27 08:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3482983

XXXXXX-2025-NQM3-184

Closed

FCOM3605

2025-02-27 09:38

2025-03-03 11:17

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-evidence that Initial Closing Disclosure issued on 02/18/25 was sent electronically to the borrower now present - Due Diligence Vendor-03/03/2025

Ready for Review-Document Uploaded. Please review uploaded proof of delivery - Buyer-02/28/2025

Open-Provide evidence that Initial Closing Disclosure issued on 02/18/25 was sent electronically to the borrower - Due Diligence Vendor-02/27/2025

Resolved-evidence that Initial Closing Disclosure issued on 02/18/25 was sent electronically to the borrower now present - Due Diligence Vendor-03/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3493588

XXXXXX-2025-NQM3-184

Closed

FCOM4438

2025-02-27 09:15

2025-03-03 11:16

Resolved

1 - Information

Compliance

TRID

Final CD: Closing Date is missing or inaccurate

Resolved-resolved with lender comments. - Due Diligence Vendor-03/03/2025

Ready for Review-Borrowers signed final CD as individually ,since co-borrowerr spouse is on the Trust ,but she is not actually on the loan . - Buyer-02/28/2025

Open-Final CD pg.#153 and sign page#157: Trustee details are missing. Note: refer pg.# 158 of NOTE doc for Trustee details.
- Due Diligence Vendor-02/27/2025

Resolved-resolved with lender comments. - Due Diligence Vendor-03/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3492694

XXXXXX-2025-NQM3-184

Closed

FCOM4028

2025-02-27 06:43

2025-02-28 06:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3490949

XXXXXX-2025-NQM3-185

Closed

FCOM4028

2025-02-27 07:33

2025-03-03 05:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/03/2025

Ready for Review-N/A. File was recently closed,recorded mortgage is not available yet. - Buyer-02/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-02/27/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3491417

XXXXXX-2025-NQM3-185

Closed

FCRE1437

2025-02-27 07:54

2025-02-27 07:55

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Page 854 - Bank stmt program allows a max of 3 NSF's in a 12 month period. Exception for 14. - Due Diligence Vendor-02/27/2025

Revolving debt under 30%, Residual income > $3,000, DTI > 10% below program max, No mortgage lates last 24 months, 5+ yrs credit history.

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3491631

XXXXXX-2025-NQM3-186

Closed

FCOM4028

2025-02-28 08:20

2025-03-03 15:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3501359

XXXXXX-2025-NQM3-187

Closed

FCOM4028

2025-03-03 15:58

2025-03-04 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3517749

XXXXXX-2025-NQM3-188

Closed

FCRE1325

2025-03-04 15:23

2025-05-01 11:58

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-CPA letter is now dated - Due Diligence Vendor-05/01/2025

Ready for Review-Document Uploaded. Please see attached dated CPA letter - Buyer-05/01/2025

Open-accountant letter pg 269 is not dated - Due Diligence Vendor-03/04/2025

Resolved-CPA letter is now dated - Due Diligence Vendor-05/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3527559

XXXXXX-2025-NQM3-188

Closed

FCOM4028

2025-03-04 13:59

2025-03-06 05:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/06/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-03/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3526788

XXXXXX-2025-NQM3-189

Closed

FCRE9991

2025-03-05 15:13

2025-04-04 06:15

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lien position is not affected, as subject lien is on title.  However, TPR CLTV is correct as UCCS are recorded - Due Diligence Vendor-04/04/2025
Ready for Review-Document Uploaded.  - Seller-04/04/2025
Counter-waiver or final policy confirming second lien position required - Due Diligence Vendor-04/03/2025
Ready for Review-Document Uploaded. The title confirmed that we are second lien position and with the items that were provided we were confirmed second lien position we should be okay  - Buyer-04/03/2025
Counter-since lien-ed on title and guides require them paid need waiver  • All Solar Panel loans and leases must be paid off. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. For this one we had previously received confirmation that this was a non-issue if the solar panels were only a collateral against themselves. Neither of these are an official lien item against the property. UCC collateral is solely the Solar panel equipment - Buyer-03/07/2025
Open-LTV is [Redacted] because of the 2 unpaid UCC liens on title. - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. - Seller-04/04/2025

Resolved-lien position is not affected, as subject lien is on title. However, TPR CLTV is correct as UCCS are recorded - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3538110

XXXXXX-2025-NQM3-189

Closed

FCRE1254

2025-03-05 15:06

2025-04-04 06:14

Resolved

1 - Information

Credit

Title

Property Title Issue

Resolved-title provided confirmation that subject lien is in 2nd lien position - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. we have confirmation from title, that is sufficient  - Buyer-04/04/2025

Counter-we either need  a waiver or a final title policy showing lien position of subject lien is second.  what was provided does not suffice or verify second lien - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. The title confirmed that we are second lien position and with the items that were provided we were confirmed second lien position we should be okay  - Buyer-04/03/2025

Counter-finding is valid.  Per guides 4.2 • All Solar Panel loans and leases must be paid off. - Due Diligence Vendor-03/07/2025

Ready for Review-UCC collateral is solely the Solar panel equipment - Seller-03/07/2025

Open-Property Title Issue 2 open UCC liens for $75902 left open on title.  Per guides- All existing subordinate liens must be satisfied. - Due Diligence Vendor-03/05/2025

Ready for Review-UCC collateral is solely the Solar panel equipment - Seller-03/07/2025

Resolved-title provided confirmation that subject lien is in 2nd lien position - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3538080

XXXXXX-2025-NQM3-189

Closed

FCOM4028

2025-03-05 14:39

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/06/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/05/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/06/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3537824

XXXXXX-2025-NQM3-190

Closed

FCOM4028

2025-03-07 06:34

2025-03-10 10:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3553697

XXXXXX-2025-NQM3-191

Closed

FCRE1440

2025-03-07 08:16

2025-03-10 07:39

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-lender provided explanation on mtg history and no mtg listed. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. There is no mortgage on property Crandon Blvd -we had title on file along with LOX from the borrower.The [Redacted] is reported as mortgage with [Redacted] on credit report and mortgage statement was on file .Docs are re-uploaded for your reference. - Buyer-03/07/2025
Open-Housing History Does Not Meet Guideline Requirements There is no accurate sch of REO in file nor a lease for [Redacted]. There is no disposition of the departing property ([Redacted]) in the file - sold, rented - mortgaged or not? - Due Diligence Vendor-03/07/2025

Resolved-lender provided explanation on mtg history and no mtg listed. - Due Diligence Vendor-03/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3554812

XXXXXX-2025-NQM3-191

Closed

FCRE9991

2025-03-07 08:33

2025-03-10 07:38

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender provided corrected 1003 with mortgage payments and correct rents showing.  DTI now matches - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. There was no rental income used from property [Redacted] ,the mortgage payment was added to the liabilities as it's reported on credit report monthly $3,272.00
[Redacted] -marked as own on 1003and  is free and clear. Title document was uploaded to the conditon above, no rental income was used from this property for qualification.
DTI is 24.7820%.Calculations are  5747.139999999999 * 100 / 23191.14 - Buyer-03/07/2025
Open-Lender's approval DTI is 24.78% . Review is 29.82%. Lender used $9,238.98 in additional rental income - however - There is no accurate sch of REO in file nor a lease for [Redacted].  Further, there is no disposition of the departing property ([Redacted]-marked as own on 1003) in the file. Cannot determine if sold, rented - mortgaged or?  With the information provided in the file,  the net rental income is $5,319.30. All other numbers match.  $5,090.14 PITI + $657 debts = $5,747.14 /  $19,271.46 Total qualifying Income ( $13,952.16 Base Income + $5,319.30 Rental Income) = 29.82% - Due Diligence Vendor-03/07/2025

Resolved-lender provided corrected 1003 with mortgage payments and correct rents showing. DTI now matches - Due Diligence Vendor-03/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3555127

XXXXXX-2025-NQM3-191

Closed

FCOM4028

2025-03-07 07:08

2025-03-07 09:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3554014

XXXXXX-2025-NQM3-192

Closed

FCRE8902

2025-03-11 12:03

2025-03-17 08:06

Resolved

1 - Information

Credit

Title

Title Policy Issue - Delinquent taxes on Policy

Resolved-proof delinquent tax now current. - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. - Buyer-03/14/2025

Counter-still need proof taxes are current. - Due Diligence Vendor-03/13/2025

Ready for Review-We add only delinquent taxes - Buyer-03/13/2025

Open-taxes not paid and there is a penalty pg 44- need proof paid - Due Diligence Vendor-03/11/2025

Resolved-proof delinquent tax now current. - Due Diligence Vendor-03/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3583572

XXXXXX-2025-NQM3-192

Closed

FCOM5814

2025-03-11 12:16

2025-03-13 08:06

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-proof electronic delivery of CD now present - Due Diligence Vendor-03/13/2025

Ready for Review-Document Uploaded. - Buyer-03/13/2025

Open-Provide evidence CD 02/27/2025 was electronically sent. - Due Diligence Vendor-03/11/2025

Resolved-proof electronic delivery of CD now present - Due Diligence Vendor-03/13/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3583748

XXXXXX-2025-NQM3-192

Closed

FCOM4028

2025-03-11 10:06

2025-03-13 06:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/13/2025

Ready for Review-Less than 60 days - Buyer-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/11/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3581989

XXXXXX-2025-NQM3-192

Closed

FCRE6389

2025-03-11 11:54

Waived

2 - Non-Material

Credit

Eligibility

Credit score not provided

Waived-credit score does not meet minimum for program pg 3 - Due Diligence Vendor-03/11/2025

Several income sources and DTI below 45%, 5 years on current job, 10 years or more in the same line of employment, No credit events
past 40 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3583483

XXXXXX-2025-NQM3-193

Closed

FCOM4028

2025-03-10 14:02

2025-03-13 09:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan Closed in less than 60 days. - Due Diligence Vendor-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/10/2025

Resolved-Loan Closed in less than 60 days. - Due Diligence Vendor-03/13/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3574599

XXXXXX-2025-NQM3-194

Closed

FCOM4028

2025-03-11 07:44

2025-03-13 06:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/13/2025

Ready for Review-Less tahn 60 days - Buyer-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/11/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3579771

XXXXXX-2025-NQM3-195

Closed

FCRE1158

2025-03-11 09:03

2025-03-19 08:43

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/19/2025

Resolved-Policy number now present on policy - Due Diligence Vendor-03/19/2025

Ready for Review-Document Uploaded. - Buyer-03/19/2025

Open-Hazard Insurance Policy Partially Provided Policy number on HOI policy available on page #496 of 537 is missing reflecting as pending. - Due Diligence Vendor-03/11/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/19/2025

Resolved-Policy number now present on policy - Due Diligence Vendor-03/19/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3580935

XXXXXX-2025-NQM3-195

Closed

FCOM3605

2025-03-11 09:39

2025-03-17 09:01

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-Proof CD sent electronically to the borrower now present - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. - Buyer-03/14/2025

Open-Provide evidence that Initial Closing Disclosure issued on 02/26/25 was sent electronically to the borrower - Due Diligence Vendor-03/11/2025

Resolved-Proof CD sent electronically to the borrower now present - Due Diligence Vendor-03/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3581569

XXXXXX-2025-NQM3-195

Closed

FCRE6763

2025-03-11 09:20

2025-03-17 09:01

Resolved

1 - Information

Credit

Income/Employment

Income documentation does not meet guidelines

Resolved-corrected 1008 with updated income. DTI is now 49.61% and TPR matches lenders updated 1008 - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. fixed - Buyer-03/14/2025
Open-*Lender has considered expense ratio of 20% for all the 3 employment(s), however as per CPA on page #508 only [Redacted] expense ratio is 20%
Note: Expense ratio Supporting doc for Employer [Redacted] & for income #3 is missing in file.
- Due Diligence Vendor-03/11/2025

Resolved-corrected 1008 with updated income. DTI is now 49.61% and TPR matches lenders updated 1008 - Due Diligence Vendor-03/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3581288

XXXXXX-2025-NQM3-195

Closed

FCOM4028

2025-03-10 16:07

2025-03-13 10:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/10/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-03/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3575813

XXXXXX-2025-NQM3-196

Closed

FCRE1201

2025-03-11 09:33

2025-03-17 12:57

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-03/17/2025

Resolved-fraud report now present - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. Please see attached Fraud Report - Buyer-03/17/2025

Open-Missing Third Party Fraud Report Third Party Fraud Report is missing - Due Diligence Vendor-03/11/2025

Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-03/17/2025

Resolved-fraud report now present - Due Diligence Vendor-03/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3581462

XXXXXX-2025-NQM3-196

Closed

FCRE3876

2025-03-11 09:50

2025-03-17 12:57

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E&O now present - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-03/17/2025

Open-Title O&E Policy is Missing or Expired Title O&E Policy is Missing in file. - Due Diligence Vendor-03/11/2025

Resolved-E&O now present - Due Diligence Vendor-03/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3581758

XXXXXX-2025-NQM3-196

Closed

FCOM4028

2025-03-11 07:49

2025-03-13 10:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/11/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-03/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3579863

XXXXXX-2025-NQM3-197

Closed

FCOM4028

2025-03-11 09:28

2025-03-13 06:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

Cash Out - Other

N/A

3581401

XXXXXX-2025-NQM3-197

Closed

FCRE1254

2025-03-11 10:59

Waived

2 - Non-Material

Credit

Title

Property Title Issue

Waived- - lender granted exception to add non-borrower to title ([Redacted] owns property [Redacted] will be Quit claimed at closing) - page 575 - Due Diligence Vendor-03/11/2025

DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3582692

XXXXXX-2025-NQM3-197

Closed

FPRO2828

2025-03-11 10:57

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived- - lender granted exception for Appraisal Transfer 90 days old - page 574 ***exception states ok to proceed with out exception*** - Due Diligence Vendor-03/11/2025

DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3582681

XXXXXX-2025-NQM3-198

Closed

FCRE1437

2025-03-13 13:34

2025-04-04 06:17

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Lender corrected income and DTI now exceeds guides.  Lender provided a waiver as DTI exceeds 50% - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please see attached waiver for DTI - Buyer-04/03/2025

Counter-need waiver for DTI.  With corrected income, DTI is now over 50% and cannot exceeds 50% for FTHB - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. Income and Employment information was updated. Please see attached updated 1003, 1008, Approval letter, lock and tape. - Buyer-03/17/2025

Open-Income and Employment Do Not Meet Guidelines income worksheets  on pages 203 and 202 dont support income used - Due Diligence Vendor-03/13/2025

Waived-Lender corrected income and DTI now exceeds guides. Lender provided a waiver as DTI exceeds 50% - Due Diligence Vendor-04/04/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months, Credit score >40 points than minimum required

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

3607057

XXXXXX-2025-NQM3-198

Closed

FCOM4028

2025-03-13 13:12

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/13/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3606703

XXXXXX-2025-NQM3-198

Closed

FCRE1995

2025-03-13 14:04

2025-03-17 13:27

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comment s, EMD backed out - Due Diligence Vendor-03/17/2025
Ready for Review-Please disregard. Earnest Money Deposit was back out of [Redacted] instead of sourcing it - Buyer-03/17/2025
Open-missing 5k emd - Due Diligence Vendor-03/13/2025

Resolved-resolved with lender comment s, EMD backed out - Due Diligence Vendor-03/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3607431

XXXXXX-2025-NQM3-199

Closed

FCOM4028

2025-03-13 11:29

2025-03-13 15:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3605144

XXXXXX-2025-NQM3-200

Closed

FCOM4028

2025-03-13 12:46

2025-03-17 15:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3606347

XXXXXX-2025-NQM3-201

Closed

FCOM4028

2025-03-17 09:31

2025-03-18 09:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-03/18/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/17/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3626134

XXXXXX-2025-NQM3-202

Closed

FCOM4028

2025-03-14 09:56

2025-03-17 15:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3614368

XXXXXX-2025-NQM3-202

Closed

FCRE1226

2025-03-14 12:01

2025-03-14 15:01

Waived

2 - Non-Material

Credit

Missing Doc

Appraisal document is incomplete or partial

Waived-As per guide, Any projects with significant repairs due to unsafe conditions are not eligible.
*Exception is provided to allow that building is going through the minor structural repairs (no safety issues)
*Approved Conditions : [Redacted] max, 0.5 to price
*Exception is on page #505 of 528 - Due Diligence Vendor-03/14/2025

Revolving debt is under 30%, 5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3616079

XXXXXX-2025-NQM3-202

Closed

FVAL5474

2025-03-14 11:54

2025-03-14 15:01

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, Projects in which a single entity owns more than 10% units must be disclosed.
*Exception form is provided to allow a few owners have multiple units. HOA can't tell how many.
*Approved Conditions: [Redacted] max, 0.5 to price
*Exception form is on page #505 of 528
- Due Diligence Vendor-03/14/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3615975

XXXXXX-2025-NQM3-202

Closed

FVAL9739

2025-03-14 12:04

2025-03-14 12:06

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-As per guide, Projects in which the HOA is named as a party to pending litigation are allowed only in special case-by-case circumstances
*Exception form is provided to allow Condo litigations: The first case is being defended by the associations prior general counsel, not HOA insurance
*Approved Conditions:+0.5 to price
*Exception form is on page #506 of 528 - Due Diligence Vendor-03/14/2025

Revolving debt is under 30%, 5 years on current job, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3616132

XXXXXX-2025-NQM3-203

Closed

FCOM4028

2025-03-15 04:00

2025-03-18 12:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Ready for Review-File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Buyer-03/18/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/15/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3620108

XXXXXX-2025-NQM3-204

Closed

FCRE1440

2025-03-17 08:52

2025-04-02 13:00

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-resolved with lender comments and letter from original mtg pay off, they did not consider Feb late since they were aware of it closing - Due Diligence Vendor-04/02/2025

Ready for Review-The letter clearly states there was no mortgage late reported. No need for a waiver. - Seller-04/02/2025

Counter-need waiver for 1x 30 since Feb was made regardless if they collected at close it was 30 days late. - Due Diligence Vendor-04/02/2025

Ready for Review-Document Uploaded. Please review uploaded LOE - Seller-04/01/2025

Counter-disagree. Feb payment was not made when VOM was completed. VOM says next payment due is Feb. Finding is valid. Waiver is required. - Due Diligence Vendor-03/20/2025

Ready for Review-As per VOM on file,no late payments were reported plus payoff doesn't reflect any additional charges (late fees for February ).The payoff included principal balance,March and Feb amounts plus preparation and recording fees - Buyer-03/20/2025

Counter-issue is not march payment, it is the Feb Payment. Pay off includes Feb payment which reflects it was not paid on time. - Due Diligence Vendor-03/19/2025

Ready for Review-N/A ,payoff was on file,borrower was not supposed to complete March payment since the closing was 03/04/2025 - Buyer-03/18/2025

Open-Housing History Does Not Meet Guideline Requirements No evidence bwr made 02/2025 pmt on time. CD (page 317) and demand (page 429 , VOM page 431) reflect amounts that indicate the 02/2025 and 03/2025 pmts were due/included in payoff. Loan disbursed 03/04/2025. Mtg appears 1x30 at close. - Due Diligence Vendor-03/17/2025

Ready for Review-The letter clearly states there was no mortgage late reported. No need for a waiver. - Seller-04/02/2025

Ready for Review-Document Uploaded. Please review uploaded LOE - Seller-04/01/2025

Resolved-resolved with lender comments and letter from original mtg pay off, they did not consider Feb late since they were aware of it closing - Due Diligence Vendor-04/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3625425

XXXXXX-2025-NQM3-204

Closed

FCRE1254

2025-03-17 09:00

2025-03-24 12:53

Resolved

1 - Information

Credit

Title

Property Title Issue

Resolved-resolved with lender comments.  They have reviewed the articles and most recent filing. While they dont specify member names, the lender is accepting the articles for proof of ownership. - Due Diligence Vendor-03/24/2025
Ready for Review-Articles shows only one member plus we had most recent filing-this should be acceptable as per guide lines 6.6 - Seller-03/24/2025
Counter-articles do not state Single Member or we would accept.  This finding is valid. - Due Diligence Vendor-03/21/2025
Ready for Review-As for the [Redacted] we had articleas with most recent filing.Per our guidelines, we can accept Articles and Most Recent Filing (for single member LLCs) in lieu of Operating Agreement. CPA letter was not needed for ownership % - Buyer-03/21/2025
Counter-this letter does not state business name for vesting. need updated letter to confirm % owned of business that property was vested in- finding is valid - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. We had CPA letter on file stating that borrower is sole proprietor and owns 100% of the business - Buyer-03/20/2025
Counter-the QCD is not the issue.  we need to verify what % of the LLC the borrower owns to be able to determine seasoning. See page 16 of guidelines. - Due Diligence Vendor-03/19/2025
Ready for Review-QCD on file states that borrower is the only Grantor and Grantee - Buyer-03/18/2025
Open-Property Title Issue FYI - Property was vested in [Redacted] - No operating agreement in file to confirm 100% ownership to verify title chain. Unexecuted Qc page 555.  articles page 507 do not state sole member or validate no other members.  Need CPA letter to confirm % owned - Due Diligence Vendor-03/18/2025

Ready for Review-Articles shows only one member plus we had most recent filing-this should be acceptable as per guide lines 6.6 - Seller-03/24/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3625541

XXXXXX-2025-NQM3-204

Closed

FCOM4028

2025-03-17 08:24

2025-03-20 13:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/17/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3624920

XXXXXX-2025-NQM3-205

Closed

FCRE9991

2025-03-18 08:14

2025-03-25 08:34

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-CLTV is now updated with correct first lien balance - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded. I updated from statement. That is not something we typically are required to do though. We normally go with whatever is on credit.

Uploaded updated tape, 1008, approval letter , lock form
- Buyer-03/24/2025
Open-CLTV is[Redacted] as current first line balance is [Redacted] (pg 393) - Due Diligence Vendor-03/18/2025

Resolved-CLTV is now updated with correct first lien balance - Due Diligence Vendor-03/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3635316

XXXXXX-2025-NQM3-205

Closed

FCRE8902

2025-03-18 08:08

2025-03-25 08:33

Resolved

1 - Information

Credit

Title

Title Policy Issue - Delinquent taxes on Policy

Resolved-proof first lien holder paid taxes now present - Due Diligence Vendor-03/25/2025

Ready for Review-the most recent mortgage statement from the 1st lien holder showing the city tax payment was disbursed.
- Buyer-03/24/2025

Ready for Review-Document Uploaded. Please see the attached. - Buyer-03/24/2025

Open-need proof Feb 2025 taxes were paid (pg 393 says open and due) - Due Diligence Vendor-03/18/2025

Resolved-proof first lien holder paid taxes now present - Due Diligence Vendor-03/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3635204

XXXXXX-2025-NQM3-205

Closed

FCOM4028

2025-03-18 07:07

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/18/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3634501

XXXXXX-2025-NQM3-206

Closed

FCOM4028

2025-03-18 13:51

2025-03-19 15:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3640448

XXXXXX-2025-NQM3-207

Closed

FCOM4028

2025-03-17 09:32

2025-03-18 12:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3626161

XXXXXX-2025-NQM3-208

Closed

FPRO1228

2025-03-18 15:57

2025-03-21 12:27

Resolved

1 - Information

Property

Data

Property Insurance Does Not State Correct Mortgagee

Resolved-mortgagee clause has been corrected on insurance - Due Diligence Vendor-03/21/2025

Ready for Review-Document Uploaded. Please review uploaded updated insurance policy - Buyer-03/21/2025

Open-ISAOA ATIMA missing from mtg clause - Due Diligence Vendor-03/18/2025

Resolved-mortgagee clause has been corrected on insurance - Due Diligence Vendor-03/21/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3641771

XXXXXX-2025-NQM3-208

Closed

FCOM4028

2025-03-18 15:27

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/19/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/18/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3641474

XXXXXX-2025-NQM3-208

Closed

FCRE1228

2025-03-18 15:56

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-exceeds max NSFs for bank account- 17 NSFs on closed account
Pg 542 - Due Diligence Vendor-03/18/2025

10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 03/07/2025 +0.5 to price, 50% CLTV max

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3641769

XXXXXX-2025-NQM3-209

Closed

FCOM4028

2025-03-19 09:27

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3647350

XXXXXX-2025-NQM3-210

Closed

FCOM4028

2025-03-18 09:24

2025-03-19 15:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/19/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/18/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3636700

XXXXXX-2025-NQM3-210

Closed

FCRE1200

2025-03-19 15:11

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-loan amount does not meet minimum amount - Due Diligence Vendor-03/19/2025

5 years on current job, no credit events past 40 months, and 5+ years credit history.

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3651885

XXXXXX-2025-NQM3-211

Closed

FCOM4028

2025-03-18 12:56

2025-03-19 15:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/19/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3639805

XXXXXX-2025-NQM3-212

Closed

FCOM4028

2025-03-20 11:10

2025-03-21 14:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/21/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-03/21/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/20/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3659564

XXXXXX-2025-NQM3-212

Closed

FPRO1251

2025-03-20 17:58

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived- - lender granted exception for Legal non conforming zoning - page 253 - Due Diligence Vendor-03/20/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3664083

XXXXXX-2025-NQM3-213

Closed

FCOM4028

2025-03-19 07:43

2025-03-20 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/20/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-03/20/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/19/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3645557

XXXXXX-2025-NQM3-213

Closed

FCRE6763

2025-03-19 09:30

Waived

2 - Non-Material

Credit

Income/Employment

Income documentation does not meet guidelines

Waived-Guidelines require proof of 6 months payments for Alimony/Child Support and it was not provided. - Due Diligence Vendor-03/19/2025

No Credit events past 40 months, 5+ years credit history, and borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3647400

XXXXXX-2025-NQM3-214

Closed

FCOM4028

2025-03-20 14:20

2025-03-21 14:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3662664

XXXXXX-2025-NQM3-215

Closed

FCOM1621

2025-03-20 09:34

2025-03-24 13:42

Resolved

1 - Information

Compliance

Missing Doc

Missing Initial Escrow Disclosure

Resolved-now present - Due Diligence Vendor-03/24/2025

Ready for Review-Document Uploaded. Please see attached escrow disclosure - Buyer-03/24/2025

Open-Initial Escrow Account Disclosure is Missing - Due Diligence Vendor-03/20/2025

Resolved-now present - Due Diligence Vendor-03/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3658104

XXXXXX-2025-NQM3-215

Closed

FCRE9651

2025-03-20 09:34

2025-03-24 13:29

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-now present - Due Diligence Vendor-03/24/2025

Ready for Review-Document Uploaded. Please see attached Amortization schedule - Buyer-03/24/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. - Due Diligence Vendor-03/20/2025

Resolved-now present - Due Diligence Vendor-03/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3658105

XXXXXX-2025-NQM3-215

Closed

FCOM4028

2025-03-20 09:27

2025-03-20 13:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3658002

XXXXXX-2025-NQM3-216

Closed

FCOM4028

2025-03-21 07:15

2025-03-24 14:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/24/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt. - Buyer-03/24/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3666684

XXXXXX-2025-NQM3-216

Closed

FVAL5474

2025-03-21 10:12

2025-03-24 09:15

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Condo Budget: not enough reserves. Must be at least $[Redacted], but it's only $[Redacted]. - exception not provided. Short Description condo budget: not enough reserves
Pg. 377 - Due Diligence Vendor-03/21/2025

Waived-Condo Budget: not enough reserves. Must be at least [Redacted], but it's only $[Redacted]. - exception not provided. Short Description condo budget: not enough reserves
Pg. 377 - Due Diligence Vendor-03/21/2025

Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history,
No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower
contribution exceeds requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 02/27/2025 75 LTV max

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3669165

XXXXXX-2025-NQM3-216

Closed

FCRE1437

2025-03-21 08:40

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Exception for another person on personal bank statement program but not on loan
Pg 376
Per guidelines, all parties listed on personal bank statements being used for income calculation
must also be borrowers on the loan. [Redacted] (joint owner of [Redacted] account being used for
income calculation) to be added to the loan as a borrower - Due Diligence Vendor-03/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3667712

XXXXXX-2025-NQM3-217

Closed

FCOM4028

2025-03-20 16:28

2025-03-21 14:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/21/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/20/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3663798

XXXXXX-2025-NQM3-218

Closed

FCOM4028

2025-03-20 16:56

2025-03-25 14:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

3663930

XXXXXX-2025-NQM3-218

Closed

FCRE1228

2025-03-21 11:51

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-*Per Guide: Maximum of 3 NSFs occurrences in the most recent 12-month period are allowed.
*Exception provided for 4 NSF's in the last 12 months
*Exception pg.#426 of 468
*Approved with condition: 0.125 to price
- Due Diligence Vendor-03/21/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

Originator Pre-Close

Yes

3670327

XXXXXX-2025-NQM3-219

Closed

FCOM4028

2025-03-24 06:53

2025-03-25 14:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3677861

XXXXXX-2025-NQM3-220

Closed

FCRE1148

2025-03-21 13:35

2025-05-12 08:17

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-final title matches loan amount. now cleared - Due Diligence Vendor-05/12/2025
Ready for Review-Document Uploaded. Please see attached - Buyer-05/08/2025
Open- - Due Diligence Vendor-03/25/2025
Rescinded-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of [Redacted] - Due Diligence Vendor-03/21/2025

Resolved-final title matches loan amount. now cleared - Due Diligence Vendor-05/12/2025
Rescinded-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of [Redacted] - Due Diligence Vendor-03/21/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3671733

XXXXXX-2025-NQM3-220

Closed

FCOM4028

2025-03-21 12:35

2025-03-25 14:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3670994

XXXXXX-2025-NQM3-221

Closed

FCRE1437

2025-03-21 17:01

2025-04-01 12:39

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-P/L now dated - Due Diligence Vendor-04/01/2025

Ready for Review-Document Uploaded. Please review uploaded dated P&L - Seller-04/01/2025

Open-As per guide P&L must be signed and include the preparation date. However P&L available on page #386, 387 is not dated. - Due Diligence Vendor-03/21/2025

Ready for Review-Document Uploaded. Please review uploaded dated P&L - Seller-04/01/2025

Resolved-P/L now dated - Due Diligence Vendor-04/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3673127

XXXXXX-2025-NQM3-221

Closed

FCRE6101

2025-03-21 16:20

2025-03-26 13:21

Resolved

1 - Information

Credit

Insurance

Named Insured on Flood Insurance does not match Borrower(s) Name(s)

Resolved-resolved with lender comments. - Due Diligence Vendor-03/26/2025

Ready for Review-Borrower's name is listed on the policy,the additional name is allowed - Seller-03/26/2025

Open-Name of Insured does not match Flood Insurance Borrowers Names. As per flood insurance on page #388 apart from borrower's name there is one more name under insured name who is not on the loan. - Due Diligence Vendor-03/21/2025

Ready for Review-Borrower's name is listed on the policy,the additional name is allowed - Seller-03/26/2025

Resolved-resolved with lender comments. - Due Diligence Vendor-03/26/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3673022

XXXXXX-2025-NQM3-221

Closed

FCRE1964

2025-03-21 17:02

2025-03-26 13:20

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-bank statements to support income are now present - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Please review uploaded banks tatements - Buyer-03/26/2025
Open-As per guide, For loans with CLTV greater than [Redacted]%, 2 months of consecutive personal or business bank statements, are required for the business being used for P&L qualification purposes, must support at least [Redacted]% of the gross income reflected on the P&L, which is missing in file - Due Diligence Vendor-03/21/2025

Resolved-bank statements to support income are now present - Due Diligence Vendor-03/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3673128

XXXXXX-2025-NQM3-221

Closed

FCRE1481

2025-03-21 16:48

2025-03-26 13:20

Resolved

1 - Information

Credit

Assets

Asset 3 Does Not Meet Guideline Requirements

Resolved-missing bank st. now present - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Please review uploaded FEbruary bank statement - Seller-03/26/2025
Open-Asset Record 3 Does Not Meet G/L Requirements As per final 1003 on page #185 [Redacted] with a balance of $[Redacted] statement is missing in file.
- Due Diligence Vendor-03/21/2025

Ready for Review-Document Uploaded. Please review uploaded FEbruary bank statement - Seller-03/26/2025

Resolved-missing bank st. now present - Due Diligence Vendor-03/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3673101

XXXXXX-2025-NQM3-221

Closed

FCOM4028

2025-03-21 15:14

2025-03-25 15:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3672665

XXXXXX-2025-NQM3-222

Closed

FCOM5814

2025-03-25 08:32

2025-03-26 13:50

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-CD sent electronically now present - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-03/26/2025

Open-Provide evidence CD 03/18/2025 was electronically sent. - Due Diligence Vendor-03/25/2025

Resolved-CD sent electronically now present - Due Diligence Vendor-03/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3688608

XXXXXX-2025-NQM3-222

Closed

FCOM4028

2025-03-25 07:20

2025-03-25 15:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3687705

XXXXXX-2025-NQM3-223

Closed

FCRE1964

2025-03-25 11:13

2025-03-31 07:51

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-account access letter for bus funds now present - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please find the account access letter attached. - Buyer-03/28/2025

Open-missing account access letter for business funds used. Borrower is only 95% owner - Due Diligence Vendor-03/25/2025

Resolved-account access letter for bus funds now present - Due Diligence Vendor-03/31/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3690671

XXXXXX-2025-NQM3-223

Closed

FCRE1479

2025-03-25 11:11

2025-03-28 05:38

Resolved

1 - Information

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Resolved-lender provided explanation on why balance on statement is not matching final docs. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Acc #[Redacted] was backed out with large deposits of [Redacted]. - Buyer-03/27/2025
Open-Asset Record 1 Does Not Meet G/L Requirements missing updated asset statement to show balance from 1003 of $[Redacted] balance from statement is over [Redacted] from 2/28 - Due Diligence Vendor-03/25/2025

Resolved-lender provided explanation on why balance on statement is not matching final docs. - Due Diligence Vendor-03/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3690649

XXXXXX-2025-NQM3-223

Closed

FCRE1995

2025-03-25 11:28

2025-03-27 05:46

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-lender provided all transfers of EMD - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. 100,000 EMD was cleared from [Redacted]. - Buyer-03/26/2025
Open-missing proof it cleared bank - Due Diligence Vendor-03/25/2025

Resolved-lender provided all transfers of EMD - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3690902

XXXXXX-2025-NQM3-223

Closed

FCOM4028

2025-03-25 08:57

2025-03-26 11:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3688894

XXXXXX-2025-NQM3-223

Closed

FCRE1228

2025-03-25 11:28

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-7 NSF Pg. 514
Comments 7 NSFs in the last 12 month period.
- Due Diligence Vendor-03/25/2025

Compensating Factors
5 years on current job, 5+ years credit history, No consumer late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 03/03/2025 +0.25 to price, 50% LTV max

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3690899

XXXXXX-2025-NQM3-224

Closed

FCOM4028

2025-03-25 13:59

2025-03-26 11:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3692873

XXXXXX-2025-NQM3-224

Closed

FCRE1228

2025-03-25 15:57

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-11 NSFs some of which are recurring payment duplicates (Sept 2024). Borrower is a [Redacted]
in [Redacted] 4 years, 2 mos. 724 Fico. DTI very low 18.9%.
Comments Converting current primary to rental, counting all payments in DTI, soon he'll have that rental income to
further offset that payment. Regarding 10/23 [Redacted] loan LOX can be provided, per borrower he put a
pool in, didn't realize payments were due before pool complete, once he learned this, he paid it
current/ahead, that late is isolated for this reason. $[Redacted] own funds down ($[Redacted]+) plus closing costs, 4%
seller concession. Credit back to 2012. Pg. 626
- Due Diligence Vendor-03/25/2025

Compensating Factors
Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40
months, 5+ years credit history, No consumer late payments in the last 24 months, Borrower contribution exceeds requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 03/13/2025 +0.25 to price, 85% LTV max

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3693735

XXXXXX-2025-NQM3-225

Closed

FCRE1491

2025-03-25 16:12

2025-03-27 13:37

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-donor funds translated now present - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please review uploaded source of gift funds-donor's statement - Seller-03/27/2025
Open-Asset Qualification Does Not Meet Guideline Requirements Need Gift Donor source of $6,885.00 Deposited on 02/11 Page #118 Acct #[Redacted]
Note :- Gift letter Page #68 - Due Diligence Vendor-03/25/2025

Ready for Review-Document Uploaded. Please review uploaded source of gift funds-donor's statement - Seller-03/27/2025

Resolved-donor funds translated now present - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3693788

XXXXXX-2025-NQM3-225

Closed

FCRE6019

2025-03-25 14:53

2025-03-27 13:36

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-lender has addressed the citizenship docs and has used a print out of I94 info from [Redacted] website instead of actual I94 form.  Accepted in lieu of form. - Due Diligence Vendor-03/27/2025

Ready for Review-As per guidelines, I-94 form and I-797 forms are acceptable  as alternative documentation. I-94 form was on page 119 and I-797 on page 121-122 - Seller-03/27/2025

Counter-1797 is an accompany document.  per guides we must have copy of visa or the I-94  form also.  need either one.   Guides say Copies of the borrower’s passport and unexpired visa must be obtained., Acceptable alternative documentation to verify visa classification is an I-797 form (Notice of Action) with valid extension dates and an I-94 form (Arrival/Departure Record). - Due Diligence Vendor-03/27/2025

Ready for Review-We  I-797 A form on file(page 121-122). - Seller-03/26/2025

Open-Borrower 1 Citizenship Documentation Is Missing Borrower is Non PRA. Per page 119 borrower is here on a visa - need a copy of the visa. - Due Diligence Vendor-03/26/2025

Ready for Review-As per guidelines, I-94 form and I-797 forms are acceptable as alternative documentation. I-94 form was on page 119 and I-797 on page 121-122 - Seller-03/27/2025

Ready for Review-We I-797 A form on file(page 121-122). - Seller-03/26/2025

Resolved-lender has addressed the citizenship docs and has used a print out of I94 info from [Redacted] website instead of actual I94 form. Accepted in lieu of form. - Due Diligence Vendor-03/27/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3693295

XXXXXX-2025-NQM3-225

Closed

FCOM1477

2025-03-25 10:24

2025-03-27 06:06

Resolved

1 - Information

Compliance

Missing Doc

Missing evidence of rate lock

Resolved-lock corrected and property type is now correct. - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Please revie wuploaded lock confirmation - Seller-03/26/2025

Open-Rate Lock pg.#468: below details are not matching :-
1) Subject property type is PUD but is reflecting SFR - Due Diligence Vendor-03/25/2025

Ready for Review-Document Uploaded. Please revie wuploaded lock confirmation - Seller-03/26/2025

Resolved-lock corrected and property type is now correct. - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3690056

XXXXXX-2025-NQM3-225

Closed

FCOM4028

2025-03-24 15:02

2025-03-26 15:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3683911

XXXXXX-2025-NQM3-226

Closed

FCOM3605

2025-03-25 17:06

2025-04-07 05:50

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof cd sent on 3/13 present - Due Diligence Vendor-04/07/2025

Ready for Review-Document Uploaded. signed 3 day cd is uploaded - Buyer-04/04/2025

Open-For Initial CD: provide evidence that Initial Closing Disclosure issues on 03/13/2025 was sent electronically - Due Diligence Vendor-03/25/2025

Resolved-proof cd sent on 3/13 present - Due Diligence Vendor-04/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3694126

XXXXXX-2025-NQM3-226

Closed

FCOM4028

2025-03-25 13:50

2025-03-26 15:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3692748

XXXXXX-2025-NQM3-227

Closed

FCRE5116

2025-03-26 13:36

2025-03-31 09:04

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-CD and note to show mtg is brand new and no pay history now present - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached Signed Note and Final CD for loan 1098122. - Buyer-03/28/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. missing CD and HUD signed on property for reo [Redacted] - Due Diligence Vendor-03/26/2025

Resolved-CD and note to show mtg is brand new and no pay history now present - Due Diligence Vendor-03/31/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3702654

XXXXXX-2025-NQM3-227

Closed

FCRE1480

2025-03-26 13:43

2025-03-31 09:04

Resolved

1 - Information

Credit

Assets

Asset 2 Does Not Meet Guideline Requirements

Resolved-CD for proceeds now present - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-03/28/2025

Open-Asset Record 2 Does Not Meet G/L Requirements missing fully executed CD from proceeds to show $152642.46 - Due Diligence Vendor-03/26/2025

Resolved-CD for proceeds now present - Due Diligence Vendor-03/31/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3702770

XXXXXX-2025-NQM3-228

Closed

FCOM4028

2025-03-26 07:42

2025-03-28 14:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved- - Due Diligence Vendor-03/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/26/2025

Loan closed in less than 60 days

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3697450

XXXXXX-2025-NQM3-229

Closed

FCOM4028

2025-03-25 16:13

2025-03-26 15:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/26/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3693796

XXXXXX-2025-NQM3-230

Closed

50001251-Fees-Limited

2025-03-26 09:34

2025-03-27 08:36

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That Cannot Increase Test (50001251)

Resolved-This is acceptable. - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Please review uploaded locked LE 03/17 with COC - Buyer-03/26/2025

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – City/County, Condo/Hoa Questionnaire. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Transfer Taxes increased from $924.00 on LE 01/17/2025 to $983.30 on CD 03/18/2025 and Condo/Hoa Questionnaire Fe was added to CD 03/18/2025 without a Change of Circumstance. - Due Diligence Vendor-03/26/2025

Resolved-This is acceptable. - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3699316

XXXXXX-2025-NQM3-230

Closed

50001252-Fees-Limited

2025-03-26 09:34

2025-03-27 08:35

Resolved

1 - Information

Compliance

TRID Tolerance

Insufficient Change of Circumstance (50001252)

Resolved-This is acceptable. - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Pleaase review uploaded locked LE 03/17 with COC. - Buyer-03/26/2025

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – City/County, Condo/Hoa Questionnaire. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Transfer Taxes increased from $924.00 on LE 01/17/2025 to $983.30 on CD 03/18/2025 and Condo/Hoa Questionnaire Fe was added to CD 03/18/2025 without a Change of Circumstance. - Due Diligence Vendor-03/26/2025

Resolved-This is acceptable. - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3699314

XXXXXX-2025-NQM3-230

Closed

FCOM4028

2025-03-26 07:52

2025-03-27 06:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/27/2025

Ready for Review-N/A. File was recently closed,recorded mortgage is not available yet - Buyer-03/26/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/26/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3697574

XXXXXX-2025-NQM3-230

Closed

FCRE1437

2025-03-26 08:12

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Page 512 - Bank stmt program with 14 NSFs in one year - GL maximum is 3 - Due Diligence Vendor-03/26/2025

5 years current job, No mortgage lates last 24 months, 5+ years credit history, LTV 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3697865

XXXXXX-2025-NQM3-231

Closed

FCRE1500

2025-03-26 10:15

2025-03-31 13:36

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than $0

Resolved- - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please review uploaded bank statement with wire from sale of property  - Seller-03/31/2025
Counter-still missing wire confirmation ,wire confirmation was part of original finding.  Need proof borrower received donor funds. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please review uploaded signed HUD  - Seller-03/28/2025
Counter-this is not the CD from the sale of a property.  This is the CD on the subject property.  need CD From sale of property for assets to use as source of funds on this loan - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please review uploaded final CD - Seller-03/27/2025
Open-Liquid Funds Post Close are less than $0 cd missing -  need to input.  Hud from sale of Spouse REO (departing residence) on page 60 -reflecting $[Redacted] to her -(the Source of the Gift). Gift Letter page 64 states a gift amount of $[Redacted] - however I dont have the CD to confirm, nor is there a wire confirmation present or updated bank balance with gift deposited to match gift to letter or HUD amount. - Due Diligence Vendor-03/26/2025

proof wire was sent to title for gift funds now present - 03/31/2025

Ready for Review-Document Uploaded. Please review uploaded bank statement with wire from sale of property - Seller-03/31/2025

Ready for Review-Document Uploaded. Please review uploaded signed HUD - Seller-03/28/2025

Ready for Review-Document Uploaded. Please review uploaded final CD - Seller-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3699763

XXXXXX-2025-NQM3-231

Closed

FCOM5814

2025-03-26 11:42

2025-03-27 13:44

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-CD signed on subject property now present - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Please review uploaded final CD - Buyer-03/27/2025

Open-Provide the Final CD signed at closing. - Due Diligence Vendor-03/26/2025

Resolved-CD signed on subject property now present - Due Diligence Vendor-03/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3701203

XXXXXX-2025-NQM3-231

Closed

FCRE1491

2025-03-26 10:15

2025-07-24 09:07

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Exception granted permitting gift from spouse. - Due Diligence Vendor-07/24/2025

Open-Asset Qualification Does Not Meet Guideline Requirements Exception FTHB page 460 to permit a gift for all assets from spouse. - Due Diligence Vendor-03/26/2025

Waived-Exception granted permitting gift from spouse. - Due Diligence Vendor-07/24/2025

5 yrs current job, No credit event spast 40 months, 5+ yrs credit history, Credit score >40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3699762

XXXXXX-2025-NQM3-232

Closed

FCOM4028

2025-03-27 08:31

2025-03-27 14:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

3708498

XXXXXX-2025-NQM3-233

Closed

FCRE6206

2025-03-26 12:01

2025-05-12 08:19

Resolved

1 - Information

Credit

Title

Mortgagee Clauses is missing or incorrect on Title Commitment or Final Policy

Resolved-final title now present and contains the appropriate mortgagee clause. - Due Diligence Vendor-05/12/2025

Ready for Review-Document Uploaded. Please see attached updated policy provided by UW 1 - Buyer-05/09/2025

Open-Mortgagee Clause is 'No'. Mortgagee Clause is missing or incorrect on Title Commitment or Final Policy. Mortgagee Clause is incomplete on Title Commitment page #412 of 436.
Verbiage: ISAOA/ATIMA is missing - Due Diligence Vendor-03/26/2025

Resolved-final title now present and contains the appropriate mortgagee clause. - Due Diligence Vendor-05/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3701503

XXXXXX-2025-NQM3-233

Closed

FCOM4028

2025-03-26 10:02

2025-03-31 05:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/31/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-03/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/26/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3699655

XXXXXX-2025-NQM3-234

Closed

FCOM4028

2025-03-26 13:20

2025-03-31 05:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3702486

XXXXXX-2025-NQM3-235

Closed

FCOM4028

2025-03-27 11:46

2025-03-27 14:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3711454

XXXXXX-2025-NQM3-235

Closed

FCRE5275

2025-03-27 13:17

Waived

2 - Non-Material

Credit

Eligibility

Asset do not meet guidelines

Waived-Looking for exception on Assets
Comments This loan is a delayed finance and the borrower and his wife sold a home and used those funds to purchase
the subject property cash. In sourcing the funds, The CD from the sale of the home shows the borrower's
name and the spouse but the funds were transferred to the wife's account then with those funds, the
subject property was purchased. the papertrail shows the funds were for the borrower and wife but the
funds were deposited into the wife's account. Good credit borrower.
Pg. 2
- Due Diligence Vendor-03/27/2025

Compensating Factors
No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3712939

XXXXXX-2025-NQM3-236

Closed

FCOM4028

2025-03-26 12:39

2025-03-27 15:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-03/27/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-03/26/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3702027

XXXXXX-2025-NQM3-237

Closed

FCOM4028

2025-03-27 02:32

2025-03-27 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3705914

XXXXXX-2025-NQM3-238

Closed

FCRE1254

2025-03-31 08:05

2025-06-17 07:34

Waived

2 - Non-Material

Credit

Title

Property Title Issue

Waived-Loan was closed as second lien with UCC lien for [Redacted] on Preliminary Title policy. UCC was not
released but moved to 3rd position. Please allow to proceed with such Title policy.
Lien positions max are 2.  Exceeds that due to solar lien - Due Diligence Vendor-06/17/2025
Ready for Review-Document Uploaded. Please see attached exception from and confirmation from Title - Seller-06/17/2025
Counter-per second lien guides this is required.  need proof released or proof that UCC liens are in 3rd position - Due Diligence Vendor-04/08/2025
Ready for Review-This is not a conforming loan; it does not need to be paid off. - Buyer-04/07/2025
Open-Property Title Issue title has open UCC lien for[Redacted] that was not released.  guides say it has to be released - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see attached exception from and confirmation from Title - Seller-06/17/2025

Compensating Factors
5 years on current job, Residual income >=3000$, 10 years or more in the same line of employment, No mortgage late payments in the
last 24 months, No consumer late payments in the last 24 months, Reserves >6 months

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3729636

XXXXXX-2025-NQM3-238

Closed

FCRE5116

2025-03-31 07:56

2025-04-15 15:26

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-more recent mtg statement provided and no late charges found. reasonable to assume Feb was paid on time as all other months and most recent are - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please review uploaded mortgage statementns as of 04/01 ,no late payments were reported. - Buyer-04/15/2025

Counter-this is a credit card statement. Need proof mtg payment for Feb was made - Due Diligence Vendor-04/01/2025

Ready for Review-Document Uploaded. Please see attached VOM - Buyer-04/01/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. missing proof Feb first mtg payment was made - Due Diligence Vendor-03/31/2025

Resolved-more recent mtg statement provided and no late charges found. reasonable to assume Feb was paid on time as all other months and most recent are - Due Diligence Vendor-04/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3729523

XXXXXX-2025-NQM3-238

Closed

FCOM4028

2025-03-31 07:00

2025-03-31 14:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3728916

XXXXXX-2025-NQM3-239

Closed

FCOM4028

2025-03-28 04:18

2025-03-31 14:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3716633

XXXXXX-2025-NQM3-240

Closed

FCRE5275

2025-03-28 12:55

2025-04-01 13:55

Resolved

1 - Information

Credit

Eligibility

Asset do not meet guidelines

Resolved-gift fund transfer now present - Due Diligence Vendor-04/01/2025

Ready for Review-Document Uploaded. Please review uploaded wire - Buyer-04/01/2025

Open- - missing transfer of gift funds to title. - Due Diligence Vendor-03/28/2025

Resolved-gift fund transfer now present - Due Diligence Vendor-04/01/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3722617

XXXXXX-2025-NQM3-240

Closed

FCOM4028

2025-03-28 10:46

2025-03-31 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3720779

XXXXXX-2025-NQM3-241

Closed

FCOM4028

2025-03-28 07:48

2025-03-28 12:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-03/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-03/28/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3718070

XXXXXX-2025-NQM3-242

Closed

FCRE9549

2025-03-28 18:31

2025-04-08 05:16

Resolved

1 - Information

Credit

Missing Doc

Missing Credit Report Supplement

Resolved-proof paid from acct now present - Due Diligence Vendor-04/08/2025
Ready for Review-Document Uploaded. This account was paid by the borrower, please see attached card payment. - Buyer-04/07/2025
Open-*As per Final 1003 on page #47 of 138[Redacted] is getting paid off, however as per Final CD on page #12 of 138 that account is not reflecting, also lender has not considered that account in DTI. Need paid off proof for the same. - Due Diligence Vendor-03/29/2025

Resolved-proof paid from acct now present - Due Diligence Vendor-04/08/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3725006

XXXXXX-2025-NQM3-242

Closed

FCRE6737

2025-03-28 18:33

2025-04-03 13:47

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Income)

Resolved-lender explained income is parsonage - WVOE is accepted and lender explanation - Due Diligence Vendor-04/03/2025

Ready for Review-According to FNMA guideline for parsonage the VOE and the income is supported and follows the guidelines. No additional documentation required. - Buyer-04/03/2025

Open-For Borrower #1, as per WVOE on page #135 of 185 borrower is receiving income from past 12 months only. Employment start date is 2018, position is marked as student & for past 2yrs borrower is receiving income of $18K, need confirmation on the same as this is a 2yr FD loan. - Due Diligence Vendor-03/29/2025

Resolved-lender explained income is parsonage - WVOE is accepted and lender explanation - Due Diligence Vendor-04/03/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3725007

XXXXXX-2025-NQM3-242

Closed

FCOM4028

2025-03-28 15:47

2025-04-01 07:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3724546

XXXXXX-2025-NQM3-243

Closed

FCRE1480

2025-04-01 12:34

2025-04-04 06:19

Resolved

1 - Information

Credit

Assets

Asset 2 Does Not Meet Guideline Requirements

Resolved-lender is using the original date the CD was opened. TPR is accepting as they can see based on docs provided it is still open and no large deposits. - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. A VOD form shows the details. - Buyer-04/03/2025

Counter-this is already present but updated balance print out was used to qualify and is not dated. need page 53 document dated - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. Please find the complete CD x5058 account. - Buyer-04/03/2025

Open-Asset Record 2 Does Not Meet G/L Requirements CD statement for proceeds pg 53 is not dated - Due Diligence Vendor-04/01/2025

Resolved-lender is using the original date the CD was opened. TPR is accepting as they can see based on docs provided it is still open and no large deposits. - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3744466

XXXXXX-2025-NQM3-243

Closed

FCOM4028

2025-04-01 10:41

2025-04-02 15:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3742700

XXXXXX-2025-NQM3-244

Closed

FCOM4028

2025-03-31 12:46

2025-04-01 11:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3733638

XXXXXX-2025-NQM3-245

Closed

FCOM4028

2025-03-31 08:11

2025-04-01 11:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3729712

XXXXXX-2025-NQM3-246

Closed

FCRE1995

2025-04-01 13:01

2025-04-03 13:54

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-emd now present - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. - Buyer-04/03/2025

Open- - missing - Due Diligence Vendor-04/01/2025

Resolved-emd now present - Due Diligence Vendor-04/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3744866

XXXXXX-2025-NQM3-246

Closed

FCOM4028

2025-04-01 12:15

2025-04-02 15:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3744189

XXXXXX-2025-NQM3-247

Closed

FCRE1995

2025-04-01 10:34

2025-04-02 13:58

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD was backed out per lender - Due Diligence Vendor-04/02/2025

Ready for Review-EMD was backed out - Buyer-04/02/2025

Open- - missing - Due Diligence Vendor-04/01/2025

Resolved-EMD was backed out per lender - Due Diligence Vendor-04/02/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3742585

XXXXXX-2025-NQM3-247

Closed

FCOM4028

2025-04-01 09:48

2025-04-01 13:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3742060

XXXXXX-2025-NQM3-247

Closed

FCRE7805

2025-04-01 10:33

Waived

2 - Non-Material

Credit

Missing Doc

Missing Income - Bank Statements

Waived- - lender granted exception for "to not add a person on the loan from the personal statements" (see the confirmation from CPA that [Redacted] is not a part of the business and is on the account for emergency purpose only) - page 811 - Due Diligence Vendor-04/01/2025

5 years on current job, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3742539

XXXXXX-2025-NQM3-248

Closed

FCOM4028

2025-04-02 07:14

2025-04-03 13:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3750194

XXXXXX-2025-NQM3-249

Closed

FCRE1437

2025-04-01 10:22

2025-04-04 06:22

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-04/04/2025

Resolved-missing paystub now present - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please review uploaded paystub - Buyer-04/03/2025

Open-2yr FD loan: For borrower #2 recent paystub for the year 2025 (reflecting 30 days of pay and YTD earnings) is missing in file.
Note: LOX in file on page #167 says additional paystub is attached, however no paystubs in file. - Due Diligence Vendor-04/01/2025

Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-04/04/2025

Resolved-missing paystub now present - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

3742441

XXXXXX-2025-NQM3-249

Closed

FCOM4028

2025-04-01 07:33

2025-04-03 13:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/01/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

3739994

XXXXXX-2025-NQM3-250

Closed

FCRE1151

2025-04-02 11:43

2025-04-08 05:19

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-satisfactory chain now present, no seasoning issues - Due Diligence Vendor-04/08/2025

Ready for Review-Document Uploaded. Please find the previous DoT. - Buyer-04/07/2025

Counter-this is still not a date.  This only provides official records page.  Unable to determine seasoning.  need date took title or copy of deeds - Due Diligence Vendor-04/07/2025

Ready for Review-Document Uploaded. TC has a note on schedule B  that deed affecting the land described in schedule A hereof cover a minimum 24 month period prior to the effective date of this commitment. - Buyer-04/04/2025

Counter-that is not a chain, that is current vesting and a legal.  Need dates to show 12 months chain - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. The chain of title is reflected on Item no. 4 and 5 of Schedule A of the Preliminary Title. - Buyer-04/04/2025

Open-Unsatisfactory Chain of Title provided missing - Due Diligence Vendor-04/02/2025

Resolved-satisfactory chain now present, no seasoning issues - Due Diligence Vendor-04/08/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3754056

XXXXXX-2025-NQM3-250

Closed

FCOM4028

2025-04-02 09:16

2025-04-03 13:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3752015

XXXXXX-2025-NQM3-250

Closed

FCRE1437

2025-04-02 11:55

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Not adding all account holders to loan
Comments The borrower has been SE for over 35Y. The borrower's wife was added to the account as POD and the
stepson as he is on the will. We are proceeding with personal account statements with 5 NSFs.
Pg. 400
- Due Diligence Vendor-04/02/2025

Compensating Factors
Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 03/20/2025 80 LTV max

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3754248

XXXXXX-2025-NQM3-250

Closed

FCRE1228

2025-04-02 11:54

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-5 NSFs and not adding all account holders to loan
Comments The borrower has been SE for over 35Y. The borrower's wife was added to the account as POD and the
stepson as he is on the will. We are proceeding with personal account statements with 5 NSFs. Please team
allow us to proceed.
- Due Diligence Vendor-04/02/2025

Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 03/20/2025 80 LTV max

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3754231

XXXXXX-2025-NQM3-251

Closed

FCOM4028

2025-04-01 10:39

2025-04-03 13:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/01/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3742657

XXXXXX-2025-NQM3-251

Closed

FCRE1197

2025-04-01 13:07

2025-04-02 14:05

Waived

2 - Non-Material

Credit

Eligibility

Audited FICO is less than Guideline FICO

Waived-As per guide Minimum FICO is 680
Exception form provided for 676 score when 680 is needed
Exception form page#382 of 457
Approved With Conditions: [Redacted] MAX & 0.25 to price - Due Diligence Vendor-04/01/2025

Revolving debt is under 30%, 5 years on current job, Residential income >=3000$, 10 years or more in the same line of employment, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3744920

XXXXXX-2025-NQM3-252

Closed

FCOM3605

2025-04-01 14:01

2025-04-10 06:47

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof of CD delivery now present - Due Diligence Vendor-04/10/2025

Ready for Review-Document Uploaded. Please see attached CD issued on 03/21/25 with eSign Certificate showing that it was sent to the borrower - Buyer-04/09/2025

Open-Provide evidence that Revised Closing Disclosure issued on 03/21/25 was sent electronically to the borrower - Due Diligence Vendor-04/01/2025

Resolved-proof of CD delivery now present - Due Diligence Vendor-04/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3745690

XXXXXX-2025-NQM3-252

Closed

FCOM4028

2025-04-01 11:50

2025-04-03 14:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3743818

XXXXXX-2025-NQM3-253

Closed

FCOM4028

2025-04-02 12:55

2025-04-03 14:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3755175

XXXXXX-2025-NQM3-254

Closed

FCOM4028

2025-04-02 08:08

2025-04-03 14:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3750883

XXXXXX-2025-NQM3-255

Closed

FCOM4028

2025-04-03 07:45

2025-04-04 09:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

3771763

XXXXXX-2025-NQM3-256

Closed

FCOM4028

2025-04-01 09:36

2025-04-02 12:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3741857

XXXXXX-2025-NQM3-257

Closed

FCRE9991

2025-04-02 16:30

2025-05-02 07:36

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender agrees this is PUD and PUD rider sent - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-property is a PUD - Due Diligence Vendor-04/02/2025

Resolved-lender agrees this is PUD and PUD rider sent - Due Diligence Vendor-05/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3758230

XXXXXX-2025-NQM3-257

Closed

FCOM1227

2025-04-02 16:29

2025-05-02 07:34

Resolved

1 - Information

Compliance

Missing Doc

PUD Rider is Missing

Resolved-PUD rider now present - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-PUD Rider is Missing missing - Due Diligence Vendor-04/02/2025

Resolved-PUD rider now present - Due Diligence Vendor-05/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3758229

XXXXXX-2025-NQM3-257

Closed

FCOM4028

2025-04-02 15:52

2025-04-03 13:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3757063

XXXXXX-2025-NQM3-257

Closed

FCRE1228

2025-04-02 16:33

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-4 NSF's -exceeds max allowed non sufficient funds for program
Pg. 505 - Due Diligence Vendor-05/02/2025

5 years on current job, Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months,
5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3758254

XXXXXX-2025-NQM3-258

Closed

FCOM4028

2025-04-01 13:48

2025-04-03 12:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3745520

XXXXXX-2025-NQM3-259

Closed

FCOM4028

2025-04-02 10:03

2025-04-03 11:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3752670

XXXXXX-2025-NQM3-260

Closed

FCRE1501

2025-04-02 12:29

2025-04-09 12:01

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Resolved-lender has verified that while not of retirement age, borrower can withdraw via roll over and use 70% - Due Diligence Vendor-04/09/2025
Ready for Review-According to paragraph 6.8.4 of our GL 70% of the vested value of funds from a retirement account may be used for down payment, closing costs, and reserves. - Buyer-04/09/2025
Counter-we cannot use the retirement account since borrower cannot access it unless they retire or quit. Need another asset or waiver for short reserves - Due Diligence Vendor-04/08/2025
Ready for Review-Cash to close from the final CD is [Redacted]; Required reserves $[Redacted]; Total funds required = [Redacted]; Liquid funds are [Redacted]; Non-liquid funds [Redacted]; Total funds available = [Redacted]. Loan not short to close and have enough reserves. - Buyer-04/08/2025
Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $11236.32 6 months reserves $11,236.32, available $0 = Shortage $11,236.32. Need additional 1 months of asset statements as unable to use Retirement account since cannot withdraw only upon termination per docs in file
- Due Diligence Vendor-04/02/2025

Resolved-lender has verified that while not of retirement age, borrower can withdraw via roll over and use 70% - Due Diligence Vendor-04/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3754755

XXXXXX-2025-NQM3-260

Closed

FCRE1500

2025-04-02 12:53

2025-04-09 12:01

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than $0

Resolved-lender has verified that while not of retirement age, borrower can withdraw via roll over and use 70% - Due Diligence Vendor-04/09/2025
Ready for Review-According to paragraph 6.8.4 of our GL 70% of the vested value of funds from a retirement account may be used for down payment, closing costs, and reserves. - Seller-04/09/2025
Counter-we cannot use the retirement account since borrower cannot access it unless they retire or quit. Need another asset or waiver for short reserves - Due Diligence Vendor-04/08/2025
Ready for Review-Cash to close from the final CD is [Redacted]; Required reserves [Redacted]; Total funds required = [Redacted]; Liquid funds are [Redacted]; Non-liquid funds [Redacted]; Total funds available = [Redacted]. Loan not short to close and have enough reserves. - Buyer-04/08/2025
Open-Liquid Funds Post Close are less than $0 Total Assets available $[Redacted], Required funds to close is $[Redacted] = shortage $-300.74. Need additional 1 months of liquid asset statements. Cannot use retirement assets as a- no proof liquidated and b- cannot withdraw funds unless terminated or retired. We are short liquid verified cash to close funds - Due Diligence Vendor-04/02/2025

Ready for Review-According to paragraph 6.8.4 of our GL 70% of the vested value of funds from a retirement account may be used for down payment, closing costs, and reserves. - Seller-04/09/2025

Resolved-lender has verified that while not of retirement age, borrower can withdraw via roll over and use 70% - Due Diligence Vendor-04/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3755122

XXXXXX-2025-NQM3-260

Closed

FVAL4940

2025-04-02 13:16

2025-04-08 05:20

Resolved

1 - Information

Property

Missing Doc

Missing Homeowner's Association Questionnaire

Resolved-lender verified what the additional $91.14 is, it is the leasehold fee - Due Diligence Vendor-04/08/2025

Ready for Review-$91.14 is leasehold payment - Seller-04/07/2025

Open-Lender has considered an additional amount in the PITIA of $91.14, no proof in file. There is not additional insurance or assessments. HOA dues are $634 per contract and cert. Please verify this additional amount. - Due Diligence Vendor-04/02/2025

Ready for Review-$91.14 is leasehold payment - Seller-04/07/2025

Resolved-lender verified what the additional $91.14 is, it is the leasehold fee - Due Diligence Vendor-04/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3755434

XXXXXX-2025-NQM3-260

Closed

FCOM4028

2025-04-02 09:52

2025-04-04 10:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3752511

XXXXXX-2025-NQM3-260

Closed

FVAL9739

2025-04-02 13:09

2025-04-03 12:58

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-*Exception form is provided to allow to proceed with land lease property rights.
*Approved Conditions: 0.25 to price
*Exception form is on page #136 of 189 - Due Diligence Vendor-04/02/2025

Several income sources and DTI below 45%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3755355

XXXXXX-2025-NQM3-261

Closed

FCRE9991

2025-04-03 00:45

2025-04-25 08:15

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender provided the missing HOA dues and now DTI is matching. - Due Diligence Vendor-04/25/2025

Ready for Review-We have verified with underwriter. All fees in the system are correct and PITIA $1,875.12 is correct. HOA is $900:12 =$75 per month - Seller-04/24/2025

Counter-DSCR is 1.484 and need tape updated $2672/ $1,800.12 - Due Diligence Vendor-04/17/2025

Ready for Review-addressed with the other condition - Buyer-04/16/2025

Open-Originator DSCR Is 1.424 and the TPR is unable to Calculated DSCR is 0, the Variance is 1.424.
DSCR calculation: Rent amount $0 / PITIA $1,800.12 = 0
Discrepancy in DSCR as we are unable to determine rent amount and HOA Amount. Appraisal Report missing in file - Finding added accordingly requesting the same - Due Diligence Vendor-04/03/2025

Ready for Review-We have verified with underwriter. All fees in the system are correct and PITIA $1,875.12 is correct. HOA is $900:12 =$75 per month - Seller-04/24/2025

Resolved-lender provided the missing HOA dues and now DTI is matching. - Due Diligence Vendor-04/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3759868

XXXXXX-2025-NQM3-261

Closed

FPRO1242

2025-04-02 23:28

2025-04-25 08:04

Resolved

1 - Information

Property

Missing Doc

Appraisal is Missing

Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-04/17/2025

Ready for Review-Document Uploaded. - Seller-04/16/2025

Ready for Review-Document Uploaded. Correct appraisal package is uploaded to the file. - Seller-04/16/2025

Open-Appraisal is Missing Primary and Secondary Valuation Missing in File
AVM is in page# 190 of 603 but confidence score is 50 which is less than 90 - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. - Seller-04/16/2025

Ready for Review-Document Uploaded. Correct appraisal package is uploaded to the file. - Seller-04/16/2025

Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-04/17/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3759633

XXXXXX-2025-NQM3-261

Closed

FCOM4028

2025-04-02 13:09

2025-04-03 14:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-04/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3755356

XXXXXX-2025-NQM3-262

Closed

FCRE1193

2025-04-03 07:36

2025-04-08 05:29

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-lender provided updated rate sheet and DTI is allowed at 46% - Due Diligence Vendor-04/08/2025
Ready for Review-Document Uploaded. To clarify, screenshot provided by Sr. UW and information displayed there is relevant to Full documentation income files, but this loan is 12 MBS, so these regulations do not apply here. Also per the rate sheet 2nd page, 50% DTI is allowed, we have 46%, so we should be good here - Buyer-04/07/2025
Counter-disagree. this screenshot support max DTI up to [Redacted] is 50% but LTV is over [Redacted] so caps at 45% Also see page 2 of rate sheet for second liens- [Redacted] section - Due Diligence Vendor-04/07/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW. For the 12 MBS there is not a DTI cap per the Matrix this is only on Full Documentation income files - Buyer-04/05/2025
Open-Loan DTI is [Redacted] but as per Primary> Refinance > Second lien max DTI allowed is 45% for [Redacted], not meeting guide - Due Diligence Vendor-04/03/2025

Resolved-lender provided updated rate sheet and DTI is allowed at 46% - Due Diligence Vendor-04/08/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3771664

XXXXXX-2025-NQM3-262

Closed

FCOM4028

2025-04-02 16:46

2025-04-04 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3758320

XXXXXX-2025-NQM3-263

Closed

FCRE9549

2025-04-03 14:48

2025-04-16 07:29

Resolved

1 - Information

Credit

Missing Doc

Missing Credit Report Supplement

Resolved-debts were not paid and lender updated DTI. now matches at 43.81 - Due Diligence Vendor-04/16/2025
Ready for Review-Document Uploaded. Accounts were treated as not paid off, which was reflected in increased DTI. - Buyer-04/15/2025
Counter-need proof paid, as they were not paid on CD at close - Due Diligence Vendor-04/08/2025
Ready for Review-Document Uploaded. These accounts are marked as to be paid. Сredit supplements are not requested before CTC since they are paying it off at closing. - Buyer-04/07/2025
Open-As per 1003 [Redacted] is paid off. Payoff statement available in file. Need credit supplement reflecting account is paid off.
Note :- Payoff statement page #271 & 289. - Due Diligence Vendor-04/03/2025

Resolved-debts were not paid and lender updated DTI. now matches at 43.81 - Due Diligence Vendor-04/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3778546

XXXXXX-2025-NQM3-263

Closed

FCOM4028

2025-04-02 10:58

2025-04-04 05:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3753407

XXXXXX-2025-NQM3-264

Closed

FCRE1501

2025-04-03 08:28

2025-05-02 07:37

Waived

2 - Non-Material

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Waived-Waiver provided as borrower short on reserves. - Due Diligence Vendor-05/02/2025
Ready for Review-Document Uploaded. Please see attached approved PC exception for this loan - Buyer-05/01/2025
Open-Total Qualified Assets for Reserves Post-Close of [Redacted] is less than Total Required Reserve Amount of [Redacted] Please provide additional assets for reserves.Total Requirement $[Redacted] ([Redacted]) ,Available $ [Redacted], shortage is $525.28 - Due Diligence Vendor-04/03/2025

Waived-Waiver provided as borrower short on reserves. - Due Diligence Vendor-05/02/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Post-Close

Yes

3772379

XXXXXX-2025-NQM3-264

Closed

FCRE1482

2025-04-03 08:28

2025-04-09 05:14

Resolved

1 - Information

Credit

Assets

Asset 4 Does Not Meet Guideline Requirements

Resolved-gift letter now present. Wires have donor name on them for source - Due Diligence Vendor-04/09/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW along with the Gift Letter. - Buyer-04/09/2025
Open-Asset 4 Does Not Meet Guideline Requirements Need Donor Source for Gift amount of $[Redacted] which is deposited into [Redacted].refer Pg. no 102,103.
Note gift amount transferred party Amount of [Redacted]. - Due Diligence Vendor-04/03/2025

Resolved-gift letter now present. Wires have donor name on them for source - Due Diligence Vendor-04/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3772378

XXXXXX-2025-NQM3-264

Closed

FCOM4028

2025-04-02 16:35

2025-04-07 14:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3758263

XXXXXX-2025-NQM3-265

Closed

FCOM4028

2025-04-03 14:55

2025-04-04 12:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3778605

XXXXXX-2025-NQM3-265

Closed

FCRE1228

2025-04-03 15:30

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-max NSF allowed exceeded - 24 NSF
P. 437 - Due Diligence Vendor-04/03/2025

Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last
24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points
than minimum required, Borrower contribution exceeds requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 02/07/2025 +0.5 to price, 75% CLTV max, ok with LA<50k

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3778951

XXXXXX-2025-NQM3-265

Closed

FCRE1200

2025-04-03 15:29

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-minimum loan amount not met P. 437 - Due Diligence Vendor-04/03/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3778943

XXXXXX-2025-NQM3-266

Closed

FCRE1501

2025-04-02 10:39

2025-04-04 12:18

Waived

2 - Non-Material

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Waived-does not meet FTHB reserves, wavier provided - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please find Exception attached - Buyer-04/04/2025

Open-Total Qualified Assets for Reserves Post-Close of $7051.62 is less than Total Required Reserve Amount of $11112.6 - Verified assets $29,645.30, cash to close is $22,593.68, 6 months reserves required equal to $11,112.60, borrower is short $4,060.98 for reserves. - Due Diligence Vendor-04/02/2025

Waived-does not meet FTHB reserves, wavier provided - Due Diligence Vendor-04/04/2025

Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40 months

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

3753142

XXXXXX-2025-NQM3-266

Closed

FCOM4028

2025-04-02 10:02

2025-04-03 05:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3752668

XXXXXX-2025-NQM3-267

Closed

123ABJ

2025-04-03 06:26

2025-04-09 05:22

Resolved

1 - Information

Credit

Missing Doc

Missing VVOE dated within 10 days consummation

Resolved-bank print out provided shows payroll deposit and is the deposit that immediately precedes note date. - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. We used the bank statement with the visible salary deposit dated 3/21/25 as VOE for this file. According to our guidelines, we can use bank statements for employment verification on NonQM files. - Buyer-04/08/2025

Counter-this direct deposit is not within 10 days of Note required for wage earners - Due Diligence Vendor-04/07/2025

Ready for Review-Document Uploaded. - Buyer-04/07/2025

Open-None in file, paystubs dated over 30 days prior - Due Diligence Vendor-04/03/2025

Resolved-bank print out provided shows payroll deposit and is the deposit that immediately precedes note date. - Due Diligence Vendor-04/09/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3762677

XXXXXX-2025-NQM3-267

Closed

FCOM4028

2025-04-03 05:53

2025-04-04 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3761419

XXXXXX-2025-NQM3-268

Closed

FCOM4028

2025-04-03 12:22

2025-04-04 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3776439

XXXXXX-2025-NQM3-268

Closed

FCRE1174

2025-04-03 14:04

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Exception on page 328

Looking for exception as Master Policy doesn't have Building Ordinance or Law coverage. Excellent credit
borrower putting 25% down

Approved with conditions of 0.25 to price - Due Diligence Vendor-04/03/2025

No credit events past 40 months, 5+ years credit history, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3778054

XXXXXX-2025-NQM3-269

Closed

63910-76940

2025-04-04 09:08

2025-07-25 09:55

Acknowledged

2 - Non-Material

Compliance

HigherPriced:APR

New York - Subprime Home Loan (Junior Lien)(02/10)

Acknowledged-Lender acknowledged loan as originated as sub prime  - Due Diligence Vendor-07/25/2025

Resolved-resolved with lender comments.  They are approving as subprime - Due Diligence Vendor-04/08/2025

Ready for Review-APR  threshold was met ,we had disclosed ,approved and closed as subprime loan. - Buyer-04/08/2025

Open-This is a New York "subprime home loan." The loan's current APR (11.287%) exceeds the New York Subprime Home Loan threshold of (10.38%) by (0.907). The threshold is determined by adding 3.75 points to the comparable Freddie Mac PMMS rate. (NY Bank 6-m(1)(c)) - Due Diligence Vendor-04/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

3784248

XXXXXX-2025-NQM3-269

Closed

FCOM4028

2025-04-04 08:19

2025-04-07 14:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/04/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3783416

XXXXXX-2025-NQM3-270

Closed

FCOM4028

2025-04-03 13:39

2025-04-07 14:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3777703

XXXXXX-2025-NQM3-270

Closed

FCRE1198

2025-04-03 15:59

2025-04-03 16:02

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Per Guide: First time Home buyer reserve 6
Exception form provided for Allow 3 months reserves first time home buyer
Exception form page#540
Approved With Conditions: +0.25 to price, [Redacted] max - Due Diligence Vendor-04/03/2025

No credit events past 40 months, 5+ years credit history, Borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3779166

XXXXXX-2025-NQM3-271

Closed

FCOM3605

2025-04-03 17:03

2025-04-08 05:32

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof that Revised Closing Disclosure issued on 03/26/25 & 03/27/25 was sent electronically to the borrower now present - Due Diligence Vendor-04/08/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-04/07/2025

Open-Provide evidence that Revised Closing Disclosure issued on 03/26/25 & 03/27/25 was sent electronically to the borrower - Due Diligence Vendor-04/03/2025

Resolved-proof that Revised Closing Disclosure issued on 03/26/25 & 03/27/25 was sent electronically to the borrower now present - Due Diligence Vendor-04/08/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3779571

XXXXXX-2025-NQM3-271

Closed

FCRE1161

2025-04-03 16:07

2025-04-08 05:31

Resolved

1 - Information

Credit

Missing Doc

Flood Certificate Missing

Resolved-flood cert now present - Due Diligence Vendor-04/08/2025

Ready for Review-Document Uploaded. Please revie wuploaded flood ceetificate - Buyer-04/07/2025

Open-Missing Flood Certificate Flood Cert and attached Notice of Flood Hazards disclosure is missing in file.
Note: Flood Insurance doc is present and proeprty reads AE zone. Pg.# 439 - Due Diligence Vendor-04/03/2025

Resolved-flood cert now present - Due Diligence Vendor-04/08/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3779219

XXXXXX-2025-NQM3-271

Closed

FCOM4028

2025-04-03 15:20

2025-04-07 07:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3778864

XXXXXX-2025-NQM3-272

Closed

FCOM4028

2025-04-03 22:30

2025-04-07 11:08

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved- - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-04/04/2025

Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3780376

XXXXXX-2025-NQM3-273

Closed

FCRE9991

2025-04-04 02:08

2025-04-09 05:24

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender corrected score and now matches at 1.104 - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. Rent amount was adjusted according to Appraisal Report. Correct DSCR is 1.104. Please see attached updated Lock confirmation - Buyer-04/08/2025

Open-Loan Originator DSCR is 1.065 and Calculated DSCR is 1.104 the variance is 0.039,
Calculated Rent Amount from Appraisal Report #46- Credit pkg.pdf and Supporting documentation for Rent Income is in Page #46, 537, 55_Credit Pkg
DSCR Calculation Rent Amount $12,830/ PITIA $11,617.60 =1.104 (Lender considered Rent Amount is $12,380 whereas Appraisal Report reflects $12,830). - Due Diligence Vendor-04/04/2025

Resolved-lender corrected score and now matches at 1.104 - Due Diligence Vendor-04/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3781235

XXXXXX-2025-NQM3-273

Closed

FCOM4028

2025-04-04 00:23

2025-04-07 17:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-04/04/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3780889

XXXXXX-2025-NQM3-273

Closed

FCRE8860

2025-04-04 02:16

2025-04-06 23:37

Waived

2 - Non-Material

Credit

Income/Employment

Audited DSCR does not meet guidelines requirements

Waived-Minimum DSCR for Multi Family per Guidelines is 1.1 whereas Originated DSCR ratio is 1.065% which is less than 1.1, Exception Form in the file page no #453- Credit pkg.pdf
Calculated DSCR 1.104 is within Guideline requirements but not matching with Originated DSCR - Finding added on the same - Due Diligence Vendor-04/04/2025

1. Revolving Payment $296 within 30% of all other Monthly Total Payments is $4,703,
2. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File,
3. No mortgage late payments in the last 24 months- No mortgage late payments in past 24 months per CBR Page #2- Credit pkg.pdf,
4. No Consumer late payments in the last 24 months- No Consumer late payments in past 24 months, per CBR Page #2- Credit pkg.pdf,
5. 5+ years credit history- Oldest tradeline date in CBR page #2- Credit pkg.pdf is 06/01/2004,
6. Credit score >40 points than minimum required- Audited FICO Score is 761, Guideline Maximum FICO Score is 680 difference is 81, Which is Greater than 40.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3781259

XXXXXX-2025-NQM3-274

Closed

50001251-Fees-Limited

2025-04-03 10:29

2025-04-04 12:50

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That Cannot Increase Test (50001251)

Resolved-This is acceptable. - Due Diligence Vendor-04/04/2025

Ready for Review-Provided to another condition - Seller-04/04/2025

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Credit Report increased from $106.00 on L E 01/28/2025 to $112.00 on CD 03/27/2025 without a Change of Circumstance. - Due Diligence Vendor-04/03/2025

Ready for Review-Provided to another condition - Seller-04/04/2025

Resolved-This is acceptable. - Due Diligence Vendor-04/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3774546

XXXXXX-2025-NQM3-274

Closed

50001252-Fees-Limited

2025-04-03 10:29

2025-04-04 12:49

Resolved

1 - Information

Compliance

TRID Tolerance

Insufficient Change of Circumstance (50001252)

Resolved-This is acceptable. - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please find LE 3/25 with COC attached - Seller-04/04/2025

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Credit Report increased from $106.00 on L E 01/28/2025 to $112.00 on CD 03/27/2025 without a Change of Circumstance. - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. Please find LE 3/25 with COC attached - Seller-04/04/2025

Resolved-This is acceptable. - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3774544

XXXXXX-2025-NQM3-274

Closed

FCOM5814

2025-04-03 10:22

2025-04-04 12:20

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-proof CD sent was provided - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please find signed 3d CD attached - Buyer-04/04/2025

Open-Provide evidence CD 03/27/2025 was electronically sent. - Due Diligence Vendor-04/03/2025

Resolved-proof CD sent was provided - Due Diligence Vendor-04/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3774473

XXXXXX-2025-NQM3-274

Closed

FCOM4028

2025-04-03 09:19

2025-04-04 05:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3773533

XXXXXX-2025-NQM3-274

Closed

FVAL5474

2025-04-03 10:00

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived- - lender granted exception for Litigation not defended or covered by insurance company - page 278

(Litigation (rejected application) not defended or covered by insurance company the HOA is defended by its general counsel) - Due Diligence Vendor-04/03/2025

5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3774170

XXXXXX-2025-NQM3-274

Closed

FVAL4188

2025-04-03 09:59

Waived

2 - Non-Material

Property

Property Marketability Issues

Waived- - lender granted exception for Declining Market - page 277 - Due Diligence Vendor-04/03/2025

No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3774151

XXXXXX-2025-NQM3-275

Closed

FCOM4028

2025-04-03 11:45

2025-04-04 05:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3775745

XXXXXX-2025-NQM3-276

Closed

FCOM4028

2025-04-04 11:25

2025-04-08 13:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3786557

XXXXXX-2025-NQM3-277

Closed

FCOM4028

2025-04-04 06:09

2025-04-07 15:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/07/2025

Open-Missing evidence of Mortgage recording Evidence of mortgage recording is missing - Due Diligence Vendor-04/04/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3782060

XXXXXX-2025-NQM3-278

Closed

FCOM4227

2025-04-04 16:29

2025-04-09 05:29

Resolved

1 - Information

Compliance

Missing Doc

TRID: Missing Closing Disclosure

Resolved-verification of e-sending CD to the Borrower now present - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. Please find verification of e-sending CD to the Borrower. - Buyer-04/09/2025

Open-Need evidence that revised CD dated 03-31-25 was sent electronically to the borrower. - Due Diligence Vendor-04/04/2025

Resolved-verification of e-sending CD to the Borrower now present - Due Diligence Vendor-04/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3789968

XXXXXX-2025-NQM3-278

Closed

FCRE1158

2025-04-04 15:51

2025-04-09 05:28

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. Policy number is indicated in the invoice. - Buyer-04/09/2025

Open-Policy number is missing in HO6 Policy refer pg. no 474 of 622 - Due Diligence Vendor-04/04/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3789747

XXXXXX-2025-NQM3-278

Closed

FCOM4028

2025-04-04 13:24

2025-04-08 14:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3788235

XXXXXX-2025-NQM3-278

Closed

FCRE6763

2025-04-04 15:46

Waived

2 - Non-Material

Credit

Income/Employment

Income documentation does not meet guidelines

Waived-- The Program is Assets Utilization and Income is calculated using CD which is in the business name.
-Exception from provided to proceed with loan as Income is not calculated using borrower personal Account in Assets utilization
program.
-Approved condition :- 0.25 to Price
-Exception form on pg. no 536 of 622
- Due Diligence Vendor-04/04/2025

Residential income >=3000$, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3789712

XXXXXX-2025-NQM3-279

Closed

FPRO2828

2025-04-07 07:52

2025-04-23 05:33

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived-Appraisal transfer letter did not contain lender name and does not meet guidelines. waiver provided - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. Please see attached approved PC exception - Buyer-04/22/2025

Counter-waiver needed as does not meet guidelines - Due Diligence Vendor-04/10/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1 - Buyer-04/09/2025

Open-transfer letter page 66 does not have lender name for who transferred to and is not signed. Need signed and add lender name on it. - Due Diligence Vendor-04/07/2025

Waived-Appraisal transfer letter did not contain lender name and does not meet guidelines. waiver provided - Due Diligence Vendor-04/23/2025

Revolving debt is under 30%, 10 years or more in the same line of employment, 5+ years credit history

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Post-Close

Yes

3794244

XXXXXX-2025-NQM3-279

Closed

FCOM4028

2025-04-07 06:46

2025-04-08 10:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3793642

XXXXXX-2025-NQM3-280

Closed

FCOM4028

2025-04-07 06:44

2025-04-08 10:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3793618

XXXXXX-2025-NQM3-281

Closed

FCOM1159

2025-04-07 10:02

2025-04-09 13:22

Resolved

1 - Information

Compliance

TRID

TRID: Loan Estimate not received by the borrower at least 4 days prior to consummation

Resolved-proof cd sent electronically now present - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-04/09/2025

Open-Provide evidence that Revised Loan Estimate issues on 03/24/2025 was sent electronically - Due Diligence Vendor-04/07/2025

Resolved-proof cd sent electronically now present - Due Diligence Vendor-04/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3796412

XXXXXX-2025-NQM3-281

Closed

FCOM3605

2025-04-07 10:01

2025-04-09 13:14

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-CD sent electronically now present - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-04/09/2025

Open-Provide evidence that Initial Closing Disclosure issues on 03/27/2025 was sent electronically - Due Diligence Vendor-04/07/2025

Resolved-CD sent electronically now present - Due Diligence Vendor-04/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3796402

XXXXXX-2025-NQM3-281

Closed

FCOM4028

2025-04-04 15:32

2025-04-08 14:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3789586

XXXXXX-2025-NQM3-282

Closed

FCOM1233

2025-04-07 10:43

2025-04-09 13:27

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-corrected 1003 with subject address on REO section now present - Due Diligence Vendor-04/09/2025
Ready for Review-Document Uploaded. fixed - Buyer-04/09/2025
Open-The Final 1003 is Incomplete Subject Property address '[Redacted]' which Borrower currently Refinancing not reflecting in REO Section of Final 1003 document. - Due Diligence Vendor-04/07/2025

Resolved-corrected 1003 with subject address on REO section now present - Due Diligence Vendor-04/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3796913

XXXXXX-2025-NQM3-282

Closed

FCOM4028

2025-04-06 10:57

2025-04-08 14:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3791746

XXXXXX-2025-NQM3-282

Closed

FVAL5385

2025-04-06 23:46

2025-04-07 10:56

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Subject property listed for Sale on 09/11/2024 to 10/07/2024 for [Redacted] per Appraisal Report in Page #65_Closing docs.pdf which is within 6 months of closing date, however exception document is in page # 258 of Closing docs.pdf - Due Diligence Vendor-04/07/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #29 of Closing docs.pdf
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #29 of Closing docs.pdf

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3792283

XXXXXX-2025-NQM3-283

Closed

FCOM4028

2025-04-07 05:06

2025-04-08 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/08/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3793050

XXXXXX-2025-NQM3-284

Closed

FCRE9991

2025-04-05 05:15

2025-04-10 11:24

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender addresses docs and items used to verify 2 years, 2 yr full doc type accepted - Due Diligence Vendor-04/10/2025

Ready for Review-We had W-2 for 2023 and Year-end paystub for 2024 .As per guidelines ,Year-end paystubs can be accepted in lieu of W-2 forms to document annual earnings if needed.
Final 1003 is reflecting prior employment from 2020,we met the 2 years employment requirements. - Buyer-04/09/2025

Open-* Program should be 1 FD. Below is the observation:-
Post 10/2022 borrower was in internship and pursuing his master's . 2 FD program borrower :No complete 2023 and 2024 W2 . Only 2023 tax return < 12 months employed.
* 2024: Jan 2024 to May 2024: unemployed was completing studies and doing internship: pg.132, 135 . Current employment < 12 months.
* 2023 : Jan 2023 to Dec : borrower was pursuing master degree: pg.# 132. pg.# 445 & 447 W2 : <12 months again (2 +3 = 5 months that is also part time/internship). Pg.# 131 & 132.
The total W2/Employment is <24 months. - Due Diligence Vendor-04/05/2025

Resolved-lender addresses docs and items used to verify 2 years, 2 yr full doc type accepted - Due Diligence Vendor-04/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3790990

XXXXXX-2025-NQM3-284

Closed

FCOM4028

2025-04-04 16:24

2025-04-09 04:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3789950

XXXXXX-2025-NQM3-285

Closed

FCOM4028

2025-04-06 02:30

2025-04-08 11:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/08/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-04/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3791623

XXXXXX-2025-NQM3-286

Closed

FCRE9991

2025-04-05 07:44

2025-04-15 15:24

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-tape updated with loan program to show 2 yr full doc - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please find attached - Buyer-04/15/2025

Open-1 YR FD program, however income is calculated for more than 24 months. Also 2yr YTD paystub & 2025 paystub in file. Tape program to be updated to 2yr FD - Due Diligence Vendor-04/05/2025

Resolved-tape updated with loan program to show 2 yr full doc - Due Diligence Vendor-04/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3791072

XXXXXX-2025-NQM3-286

Closed

FCOM4028

2025-04-05 05:47

2025-04-08 12:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3791001

XXXXXX-2025-NQM3-287

Closed

FCRE1480

2025-04-05 06:21

2025-04-15 15:35

Resolved

1 - Information

Credit

Assets

Asset 2 Does Not Meet Guideline Requirements

Resolved-lender has explained the gift paper trail and it was withdrawn after deposit so in essence not given. TPR accepts this explanation and we are now not short funds. (TPR originally reduced asset by gift but ok to add back since it was already withdrawn) - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please review uploaded explanation from SUW - Buyer-04/15/2025

Counter-letter states one time gift not to be counted in income. if we remove gift we are short funds. please provide further clarification on how gift should be counted. - Due Diligence Vendor-04/09/2025

Ready for Review-The LOX on page 517 explains that gift 20K was not used for income purposes. - Buyer-04/09/2025

Open-Asset Record 2 Does Not Meet G/L Requirements Need Donor Source and Gift letter for amount $20,000
-As per LOX on pg. no 517 borrower have received the gift of $20K in Business Account refer pg. no 527. - Due Diligence Vendor-04/05/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3791016

XXXXXX-2025-NQM3-287

Closed

FCOM4028

2025-04-05 04:29

2025-04-08 12:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3790976

XXXXXX-2025-NQM3-288

Closed

FCOM4028

2025-04-08 10:51

2025-04-09 07:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3808285

XXXXXX-2025-NQM3-289

Closed

FCOM4028

2025-04-08 12:18

2025-04-09 08:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3809572

XXXXXX-2025-NQM3-290

Closed

FCOM4028

2025-04-07 11:10

2025-04-08 15:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/08/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-04/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3797423

XXXXXX-2025-NQM3-291

Closed

FCOM4028

2025-04-07 21:07

2025-04-08 15:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/08/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-04/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3802061

XXXXXX-2025-NQM3-292

Closed

FCOM4028

2025-04-07 07:39

2025-04-09 07:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3794136

XXXXXX-2025-NQM3-293

Closed

2260

2025-04-09 09:58

2025-04-10 11:39

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/10/2025

Ready for Review-no PPP - Buyer-04/10/2025

Open-confirm none - Due Diligence Vendor-04/09/2025

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3818177

XXXXXX-2025-NQM3-293

Closed

FCOM4028

2025-04-07 09:19

2025-04-09 10:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3795742

XXXXXX-2025-NQM3-294

Closed

FCRE1193

2025-04-09 10:34

2025-05-22 13:07

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-lender provided updated income calculation and DTI is now within line. - Due Diligence Vendor-05/22/2025
Ready for Review-Document Uploaded.  - Seller-05/22/2025
Counter-lender is working on finding.   - Due Diligence Vendor-04/15/2025
Ready for Review-Could you please close this finding as it is duplicate. We are working on it - Seller-04/15/2025
Ready for Review- The DTI calc is as follows: [Redacted] in income, [Redacted] in monthly debt from credit + -[Redacted] in net rental for the REO property + [Redacted] PITIA =[Redacted]= [Redacted]% DTI for the file. We are not using rental income currently for the REO property. Please reach out to the broker to see if they can provide the lease for the REO property [Redacted] (please be aware that the unit number we are requesting is unit [Redacted]) to offset some of the expense for the property and lower DTI back down below 50%. - Seller-04/15/2025
Counter-Subject is a primary refi.  *Subject property PITIA is $[Redacted] + $[Redacted] debts on credit report + Rental property on 1003 of $[Redacted]= $[Redacted]/ income of $ [Redacted] =[Redacted]%.  As you can see by this calculation, the rental property the borrower owns is not included in DTI.  Please see manual calculation provided in finding. - Due Diligence Vendor-04/11/2025
Ready for Review-Document Uploaded. Please see SUW comment: All mortgage related liabilities are taken into account with the file. I'm not sure what DD is asking for on this as the payment is included with the DTI of the file. - Seller-04/11/2025
Counter-disagree that must be counted in DTI - Due Diligence Vendor-04/10/2025
Ready for Review-Both properties are listed as retained in the system and all expenses are held to both properties including the subject. Marking the property as "held for rental income" does not change the DTI for the file. DTI should be what is listed in the system 33.098%. - Seller-04/10/2025
Open-max DTI on cash out is 50%.  Exceeds 50 % because a rental property payment of $[Redacted] was not included in DTI.   - Due Diligence Vendor-04/09/2025

Ready for Review-Document Uploaded. - Seller-05/22/2025
Ready for Review-Could you please close this finding as it is duplicate. We are working on it - Seller-04/15/2025
Ready for Review- The DTI calc is as follows: [Redacted] in income, [Redacted] in monthly debt from credit + -[Redacted] in net rental for the REO property + [Redacted] PITIA = [Redacted]/[Redacted] = [Redacted]% DTI for the file. We are not using rental income currently for the REO property. Please reach out to the broker to see if they can provide the lease for the REO property [Redacted] (please be aware that the unit number we are requesting is unit [Redacted]) to offset some of the expense for the property and lower DTI back down below 50%. - Seller-04/15/2025
Ready for Review-Document Uploaded. Please see SUW comment: All mortgage related liabilities are taken into account with the file. I'm not sure what DD is asking for on this as the payment is included with the DTI of the file. - Seller-04/11/2025
Ready for Review-Both properties are listed as retained in the system and all expenses are held to both properties including the subject. Marking the property as "held for rental income" does not change the DTI for the file. DTI should be what is listed in the system 33.098%. - Seller-04/10/2025

Resolved-lender provided updated income calculation and DTI is now within line. - Due Diligence Vendor-05/22/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3818683

XXXXXX-2025-NQM3-294

Closed

FCOM4028

2025-04-08 07:21

2025-04-09 10:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3804621

XXXXXX-2025-NQM3-294

Closed

FCRE1304

2025-04-08 08:46

Waived

2 - Non-Material

Credit

Income/Employment

Income 1 Income Trend is Decreasing

Waived- - lender granted exception for Inconsistent income deposits (borrower is a realtor) - page 341 - Due Diligence Vendor-04/08/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3805938

XXXXXX-2025-NQM3-295

Closed

FCOM4028

2025-04-07 13:14

2025-04-09 09:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3799200

XXXXXX-2025-NQM3-296

Closed

FCRE1148

2025-04-08 23:35

2025-04-10 14:12

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Title Coverage Amount of $[Redacted] is equal to or greater than Total Amount of Subject Lien(s) $[Redacted]- Due Diligence Vendor-04/10/2025
Resolved-title commitment updated - Due Diligence Vendor-04/10/2025
Ready for Review-Document Uploaded. Please review uploaded updated TC - Buyer-04/10/2025
Open-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $1[Redacted] Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $[Redacted], Please Provide Supplemental report with coverage amount that covers loan amount - Due Diligence Vendor-04/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3813868

XXXXXX-2025-NQM3-296

Closed

FCOM4028

2025-04-08 22:27

2025-04-09 11:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3813738

XXXXXX-2025-NQM3-296

Closed

FCRE2828

2025-04-09 00:26

2025-04-09 03:40

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-Loan modification within 12 months and related exception document is in page 421 - Due Diligence Vendor-04/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

Originator Pre-Close

Yes

3813968

XXXXXX-2025-NQM3-296

Closed

FVAL5472

2025-04-09 00:21

2025-04-09 03:33

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-Subject property Gross Living Area is 411 Sq Ft which is less than 500 Sq Ft. however exception document is in page #420 - Due Diligence Vendor-04/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

Originator Pre-Close

Yes

3813962

XXXXXX-2025-NQM3-297

Closed

FCRE9991

2025-04-09 02:18

2025-04-10 11:40

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-dscr score now updated - Due Diligence Vendor-04/10/2025
Ready for Review-Document Uploaded. Please review uploaded updaetd 1008 - Buyer-04/09/2025
Open-Originator DSCR Is 1.203 and the Calculated DSCR is 1.218, the Variance is 0.015.
Calculated Rent amount from 1007 in page #22
DSCR calculation: Rent amount [Redacted]. Lender considered HOA amount of $29 but there is no supporting document to verify the same.
No HOA Fee per Appraisal Addendum in Page #43 - Due Diligence Vendor-04/09/2025

Resolved-dscr score now updated - Due Diligence Vendor-04/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3814276

XXXXXX-2025-NQM3-297

Closed

FCOM4028

2025-04-09 01:01

2025-04-09 12:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/09/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3814074

XXXXXX-2025-NQM3-298

Closed

FCRE1995

2025-04-09 10:24

2025-04-15 09:44

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW. EMD was backed out - Buyer-04/14/2025

Counter-no wire to title located on doc provided. still missing - Due Diligence Vendor-04/11/2025

Ready for Review-Document Uploaded. Please see attached evidence of EMD - Buyer-04/10/2025

Open-missing - Due Diligence Vendor-04/09/2025

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-04/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3818506

XXXXXX-2025-NQM3-298

Closed

FCOM4028

2025-04-09 09:14

2025-04-09 14:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3817504

XXXXXX-2025-NQM3-299

Closed

FCOM4028

2025-04-08 07:43

2025-04-09 10:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3804955

XXXXXX-2025-NQM3-300

Closed

FCOM4028

2025-04-08 09:24

2025-04-09 11:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3806916

XXXXXX-2025-NQM3-301

Closed

FCOM4028

2025-04-08 08:02

2025-04-09 11:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3805211

XXXXXX-2025-NQM3-302

Closed

FCOM4028

2025-04-08 09:22

2025-04-09 14:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3806890

XXXXXX-2025-NQM3-303

Closed

FCOM4028

2025-04-09 13:55

2025-04-10 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3821559

XXXXXX-2025-NQM3-304

Closed

FCRE1157

2025-04-08 12:09

2025-04-10 14:14

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Missing

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/10/2025

Ready for Review-Document Uploaded. Please see attached insurance - Buyer-04/10/2025

Open-Missing Hazard Insurance Policy - Due Diligence Vendor-04/08/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3809378

XXXXXX-2025-NQM3-304

Closed

FCOM4028

2025-04-08 11:28

2025-04-09 14:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3808820

XXXXXX-2025-NQM3-305

Closed

FCOM4028

2025-04-10 00:26

2025-04-10 11:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3824590

XXXXXX-2025-NQM3-306

Closed

FCOM4028

2025-04-10 02:05

2025-04-10 11:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing

- Due Diligence Vendor-04/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3824825

XXXXXX-2025-NQM3-307

Closed

FCRE1491

2025-04-09 08:02

2025-04-10 14:18

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-gift receipt now present - Due Diligence Vendor-04/10/2025

Ready for Review-Document Uploaded. Please review uploaded gift receipt. - Buyer-04/10/2025

Open-Asset Qualification Does Not Meet Guideline Requirements Missing evidence of wire from Donor to Title at closing -$97,000. (Bwr's Mother). - Due Diligence Vendor-04/09/2025

Resolved-gift receipt now present - Due Diligence Vendor-04/10/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3816167

XXXXXX-2025-NQM3-307

Closed

FCOM4028

2025-04-09 07:10

2025-04-10 08:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3815526

XXXXXX-2025-NQM3-308

Closed

FCOM4028

2025-04-10 03:22

2025-04-10 11:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3825018

XXXXXX-2025-NQM3-309

Closed

FCOM4028

2025-04-09 08:35

2025-04-09 13:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3816646

XXXXXX-2025-NQM3-310

Closed

FCOM4028

2025-04-10 07:10

2025-04-10 12:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3826360

XXXXXX-2025-NQM3-310

Closed

FVAL9739

2025-04-10 08:05

2025-04-10 11:57

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Page 435 - Exception to Master Policy as coverages do not meet guides - Insured at agreed value and not replacement cost - Due Diligence Vendor-04/10/2025

No credit events past 40 months, 5+ yrs credit history, No mortgage lates last 24 months, Credit Score > 40 points above program minimum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3827016

XXXXXX-2025-NQM3-311

Closed

FCOM4028

2025-04-10 06:37

2025-04-11 08:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3826066

XXXXXX-2025-NQM3-312

Closed

FCOM4028

2025-04-10 09:02

2025-04-11 08:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3827763

XXXXXX-2025-NQM3-313

Closed

FCRE1335

2025-04-10 08:15

2025-04-15 15:38

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-04/15/2025

Resolved-transcript now present - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please find attached - Buyer-04/15/2025

Open-Borrower 1 IRS Transcripts Missing - 2023 tax returns provided but no transcript. - Due Diligence Vendor-04/10/2025

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-04/15/2025

Resolved-transcript now present - Due Diligence Vendor-04/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3827136

XXXXXX-2025-NQM3-313

Closed

FCOM4028

2025-04-10 07:24

2025-04-11 07:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3826501

XXXXXX-2025-NQM3-314

Closed

FVAL4036

2025-04-10 13:25

2025-06-10 12:08

Waived

2 - Non-Material

Property

Flip or Rapid Resale of Property

Waived-waiver provided for not meeting value documentation for a purchase where seller acquired home less than 12 months ago and lesser or sale price or purchase plus improvements was not used
There is rapid resale of property with increase from sale price at 09/2024 to appraised value without docs for improvements

- Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please see attached exception - Buyer-06/10/2025
Open-seller Opendoor took title in sept 2024 for $[Redacted] and no documented improvements to found for using appraisal value - Due Diligence Vendor-04/10/2025

Compensating Factors
Residual income >=3000$, No credit events past 40 months, No consumer late payments in the last 24 months, Credit score >40 points
than minimum required, Reserves >6 months
Credit Decision
Status & Date of Decision Approved 06/10/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

3832060

XXXXXX-2025-NQM3-314

Closed

FCOM4028

2025-04-10 11:55

2025-04-14 08:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/14/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-04/11/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/10/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3830643

XXXXXX-2025-NQM3-315

Closed

FCOM4028

2025-04-09 15:09

2025-04-11 07:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3822442

XXXXXX-2025-NQM3-316

Closed

FCOM4028

2025-04-10 09:37

2025-04-11 10:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3828392

XXXXXX-2025-NQM3-317

Closed

FCRE8201

2025-04-11 05:34

2025-04-14 14:40

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-master policy provided and borrower has an additional private policy - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. We had master flood on file plus individual flood - Buyer-04/14/2025

Open-Subject property is Condo and we have separate flood Insurance in File - Premium amount used for DSCR calculation.
Per Guidelines, Stand-alone flood insurance dwelling policies for an attached individual condo unit are not acceptable. - Due Diligence Vendor-04/11/2025

Resolved-master policy provided and borrower has an additional private policy - Due Diligence Vendor-04/14/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3837822

XXXXXX-2025-NQM3-317

Closed

2260

2025-04-11 10:04

2025-04-14 14:40

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/14/2025

Ready for Review-As per lock ,no PPP - Buyer-04/14/2025

Open-confirm none - Due Diligence Vendor-04/11/2025

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/14/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3841125

XXXXXX-2025-NQM3-317

Closed

FCOM4028

2025-04-11 01:16

2025-04-11 11:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/11/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3836438

XXXXXX-2025-NQM3-318

Closed

FCRE1995

2025-04-11 05:33

2025-04-15 09:46

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, EMD Backed out - Due Diligence Vendor-04/15/2025
Ready for Review-Document Uploaded. 29,200 EMD was backed out of [Redacted] *[Redacted]. - Buyer-04/14/2025
Open-Please provide supporting document to verify EMD of $29,200 which is reflecting in final CD #29_Signed Closing Package.pdf - Due Diligence Vendor-04/11/2025

Resolved-resolved with lender comments, EMD Backed out - Due Diligence Vendor-04/15/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3837821

XXXXXX-2025-NQM3-318

Closed

FCOM4028

2025-04-11 04:33

2025-04-14 09:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/14/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3837558

XXXXXX-2025-NQM3-318

Closed

FCRE1174

2025-04-11 05:45

2025-04-11 06:43

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Master Condo Insurance Policy Partially Provided Ordinance and law coverage not included in master policy per Master Insurance in Page #293_Credit Pkg. however we have exception in page#307_Credit Package.pdf - Due Diligence Vendor-04/11/2025

No credit events past 40 months - No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months -No Mortgage late payments in CBR Page #450_Credit Package.pdf
5+ years credit history- Oldest tradeline date in CBR page #450_Credit Package.pdf is 03/01/2005
No consumer late payments in the last 24 months - No Consumer late payments in CBR Page #450_Credit Package.pdf
Credit score >40 points than minimum required-Guideline Min FICO is 640 and Qualifying FICO is 814 variance is 174 which is greater than 40 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3837869

XXXXXX-2025-NQM3-318

Closed

FVAL5472

2025-04-11 05:45

2025-04-11 06:41

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-Subject property Gross Living Area is 466 Sq Ft whereas minimum Gross living area per Guidelines is 500 Sq Ft. However, we have exception in page#308_Credit Package.pdf - Due Diligence Vendor-04/11/2025

No credit events past 40 months - No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months -No Mortgage late payments in CBR Page #450_Credit Package.pdf
5+ years credit history- Oldest tradeline date in CBR page #450_Credit Package.pdf is 03/01/2005
No consumer late payments in the last 24 months - No Consumer late payments in CBR Page #450_Credit Package.pdf
Credit score >40 points than minimum required-Guideline Min FICO is 640 and Qualifying FICO is 814 variance is 174 which is greater than 40 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3837875

XXXXXX-2025-NQM3-319

Closed

FCOM4028

2025-04-11 06:13

2025-04-14 10:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/14/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3838067

XXXXXX-2025-NQM3-320

Closed

FCOM4028

2025-04-10 12:03

2025-04-11 07:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3830774

XXXXXX-2025-NQM3-321

Closed

FCOM4028

2025-04-10 12:22

2025-04-11 07:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3831072

XXXXXX-2025-NQM3-321

Closed

FPRO1251

2025-04-10 13:24

2025-04-11 07:32

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-*Exception form is provided to allow Subject legal non conforming zoning: If destroyed greater than 60% property must revert to One Family Residential.
*Approved Conditions: Max [Redacted], DSCR>1.5 required ; ok with LA<$[Redacted]
*Exception form is on page #107 of 210 - Due Diligence Vendor-04/10/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3832038

XXXXXX-2025-NQM3-321

Closed

FCRE1200

2025-04-10 13:26

2025-04-10 13:30

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Guideline Minimum Loan Amount is [Redacted]
*Exception form is provided to allow [Redacted]
*Approved Conditions: max [Redacted], DSCR>1.5 required ; ok with [Redacted]
*Exception form is on page #107 of 210 - Due Diligence Vendor-04/10/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3832069

XXXXXX-2025-NQM3-322

Closed

FCOM4028

2025-04-10 15:02

2025-04-14 05:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3833494

XXXXXX-2025-NQM3-323

Closed

FCRE3876

2025-04-11 07:41

2025-04-15 09:59

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E&O now present - Due Diligence Vendor-04/15/2025
Ready for Review-Document Uploaded. According to Fraud report p.15, Title Insurance Company is [Redacted] Title O&E Policy Professional Liability (Errors and Omissions) effective till 04/19/2025. - Buyer-04/14/2025
Open-Title O&E Policy is Missing or Expired Policies provided pages 126 and 313 expired 03/26/2025 (General Liability) + cannot determine if PC Law & Associates(settlement agent) is one and same as the insured on policy. (Client First title) - Due Diligence Vendor-04/11/2025

Resolved-E&O now present - Due Diligence Vendor-04/15/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3838799

XXXXXX-2025-NQM3-323

Closed

FCOM4028

2025-04-11 07:18

2025-04-14 11:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3838564

XXXXXX-2025-NQM3-324

Closed

FCRE1212

2025-04-11 09:45

2025-04-15 10:00

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-seller signed contract now present - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please see the signed Contract attached. - Buyer-04/14/2025

Open-Purchase contract has not been fully provided Purchase Contract Seller Signature is missing refer page#317-327 of 426 - Due Diligence Vendor-04/11/2025

Resolved-seller signed contract now present - Due Diligence Vendor-04/15/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3840858

XXXXXX-2025-NQM3-324

Closed

FCOM4028

2025-04-11 07:37

2025-04-14 10:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3838760

XXXXXX-2025-NQM3-325

Closed

FCOM4028

2025-04-11 09:45

2025-04-14 11:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3840855

XXXXXX-2025-NQM3-326

Closed

FCOM4028

2025-04-11 08:33

2025-04-14 09:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3839438

XXXXXX-2025-NQM3-327

Closed

FCOM4028

2025-04-14 14:11

2025-04-15 09:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/14/2025

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3860062

XXXXXX-2025-NQM3-328

Closed

FCOM4028

2025-04-14 11:23

2025-04-15 10:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3857401

XXXXXX-2025-NQM3-329

Closed

FCOM4028

2025-04-14 07:48

2025-04-15 12:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3854304

XXXXXX-2025-NQM3-330

Closed

FCOM4028

2025-04-14 21:01

2025-04-15 10:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-04/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3863128

XXXXXX-2025-NQM3-331

Closed

FCOM4028

2025-04-15 00:46

2025-04-15 12:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3863656

XXXXXX-2025-NQM3-332

Closed

FCOM4028

2025-04-14 07:19

2025-04-15 12:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3853868

XXXXXX-2025-NQM3-333

Closed

FCOM4028

2025-04-15 09:29

2025-04-16 14:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3867646

XXXXXX-2025-NQM3-334

Closed

FVAL1310

2025-04-15 13:44

2025-05-01 11:07

Resolved

1 - Information

Property

Missing Doc

Missing HOA/Condo Certification

Resolved-lender provided proof HOA Dues were paid at closing. This satisfies the info that was missing from the original HOA cert about dues owed - Due Diligence Vendor-05/01/2025

Ready for Review-Document Uploaded. Per Final CD section H dues were paid by the borrower. Please see attached - Buyer-05/01/2025

Open-pg 202 says there is an assessment due. Unable to verify it was paid at close. - Due Diligence Vendor-04/15/2025

Resolved-lender provided proof HOA Dues were paid at closing. This satisfies the info that was missing from the original HOA cert about dues owed - Due Diligence Vendor-05/01/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3871649

XXXXXX-2025-NQM3-334

Closed

FCRE3876

2025-04-15 12:34

2025-04-18 08:08

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E&O now present - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Please see attached E&O Insurance - Buyer-04/18/2025

Open-Title O&E Policy is Missing or Expired missing - Due Diligence Vendor-04/15/2025

Resolved-E&O now present - Due Diligence Vendor-04/18/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3870509

XXXXXX-2025-NQM3-334

Closed

FCOM4028

2025-04-15 11:25

2025-04-16 14:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3869385

XXXXXX-2025-NQM3-335

Closed

FCOM4028

2025-04-14 07:36

2025-04-15 11:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3854116

XXXXXX-2025-NQM3-336

Closed

FCRE1480

2025-04-14 12:15

2025-04-18 11:44

Resolved

1 - Information

Credit

Assets

Asset 2 Does Not Meet Guideline Requirements

Resolved-LLC docs provided show 2 officers.  LOE from second officer now present.  this clears requirement to have acct access letter from other owner - Due Diligence Vendor-04/18/2025
Ready for Review-Document Uploaded.  - Buyer-04/18/2025
Counter-borrower is not 100% owner.  Need LOE signed by other 2 owners allowing access - Due Diligence Vendor-04/16/2025
Ready for Review-Document Uploaded.  - Buyer-04/16/2025
Open-Asset Record 2 Does Not Meet G/L Requirements Business account#[Redacted] on pg.#219 is considered but ownership details is missing in file.
Note: pg.#425 the business search only reads the  business is active but the owner / ownership details are missing. - Due Diligence Vendor-04/14/2025

Resolved-LLC docs provided show 2 officers. LOE from second officer now present. this clears requirement to have acct access letter from other owner - Due Diligence Vendor-04/18/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3858101

XXXXXX-2025-NQM3-336

Closed

FCOM4028

2025-04-14 09:12

2025-04-15 13:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3855528

XXXXXX-2025-NQM3-337

Closed

FCOM4028

2025-04-14 12:32

2025-04-15 14:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3858419

XXXXXX-2025-NQM3-338

Closed

FCOM4028

2025-04-14 11:17

2025-04-14 14:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3857316

XXXXXX-2025-NQM3-339

Closed

FCRE1995

2025-04-14 13:11

2025-04-15 15:40

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender screen shot. EMD backed out - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. It was backed out - Buyer-04/15/2025

Open- - missing - Due Diligence Vendor-04/14/2025

Resolved-resolved with lender screen shot. EMD backed out - Due Diligence Vendor-04/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3859106

XXXXXX-2025-NQM3-339

Closed

FCOM4028

2025-04-14 12:36

2025-04-14 14:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3858473

XXXXXX-2025-NQM3-340

Closed

FCOM4028

2025-04-14 13:42

2025-04-15 05:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3859670

XXXXXX-2025-NQM3-341

Closed

FCRE1199

2025-04-15 11:46

2025-04-18 08:10

Resolved

1 - Information

Credit

Eligibility

Audited Loan Amount is greater than Guideline Maximum Loan Amount

Resolved-updated credit now present and score meets program - Due Diligence Vendor-04/18/2025
Ready for Review-Document Uploaded. - Buyer-04/17/2025
Open- - Max loan amount for a cash out refinance with a [Redacted] FICO is $[Redacted]. This loan closed with a loan amount of $[Redacted]. Per the lock (page 506) the FICO used was [Redacted] which is B1 middle score. However, the guidelines state to use the lowest applicable score from all of borrowers which is [Redacted]. - Due Diligence Vendor-04/15/2025

Resolved-updated credit now present and score meets program - Due Diligence Vendor-04/18/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3869795

XXXXXX-2025-NQM3-341

Closed

FCOM4028

2025-04-15 10:50

2025-04-16 15:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3868868

XXXXXX-2025-NQM3-342

Closed

FCOM4028

2025-04-14 14:10

2025-04-15 09:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor-File was closed within last 60 days. Mortgage was sent for recording and Final title policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3860049

XXXXXX-2025-NQM3-343

Closed

FCRE9991

2025-04-15 08:33

2025-04-22 12:53

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DSCR score fixed and now correct - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. The correct amount is $540, and I filled out this amount.
Uploaded updated tape, 1008, approval letter , lock form
- Buyer-04/22/2025

Open-* DSCR is off by 0.009 Lender score 1.174
Rent income considered by lender : $1450. PITA matches but Lender Considered Insurance Premium $54 and as per Document Insurance Premium $45, refer page#357
Calculation : Rent 1450 /PITIA 1225.93 = 1.183 should be the actual score. - Due Diligence Vendor-04/15/2025

Resolved-DSCR score fixed and now correct - Due Diligence Vendor-04/22/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3866523

XXXXXX-2025-NQM3-343

Closed

FCOM4028

2025-04-15 07:10

2025-04-17 04:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3865451

XXXXXX-2025-NQM3-344

Closed

FCOM4028

2025-04-15 10:01

2025-04-17 04:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3868123

XXXXXX-2025-NQM3-345

Closed

FCRE1995

2025-04-16 05:04

2025-04-17 13:25

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD backed out per lender comments. resolved with lender comments. - Due Diligence Vendor-04/17/2025
Ready for Review-EMD was backed out from account [Redacted] - Buyer-04/17/2025
Open-Please provide supporting document to verify EMD of $1,000 which is reflecting in final CD#[Redacted] - Due Diligence Vendor-04/16/2025

Resolved-EMD backed out per lender comments. resolved with lender comments. - Due Diligence Vendor-04/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3875986

XXXXXX-2025-NQM3-345

Closed

FCOM4028

2025-04-16 02:53

2025-04-17 07:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-04/16/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3875601

XXXXXX-2025-NQM3-346

Closed

FCRE5116

2025-04-16 01:18

2025-04-18 08:11

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-no pay history available. NOTE and CD now present to show it was a new loan - Due Diligence Vendor-04/18/2025
Ready for Review-Document Uploaded. [Redacted] is another [Redacted] loan [Redacted], please find CD and Note. - Buyer-04/17/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted]with balance $[Redacted]" - Due Diligence Vendor-04/16/2025

Resolved-no pay history available. NOTE and CD now present to show it was a new loan - Due Diligence Vendor-04/18/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3875344

XXXXXX-2025-NQM3-346

Closed

FCOM4028

2025-04-15 23:44

2025-04-17 07:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-04/16/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3875066

XXXXXX-2025-NQM3-346

Closed

FCRE8201

2025-04-16 02:34

2025-04-16 05:33

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Per Guidelines Page #71, Actual Cash in value policy type is not acceptable whereas provided Insurance document in Page #300 of Credit Package.pdf reflects current policy type as 'Actual Cash in Value Landlords' without Replacement Cost per document in Page #304_Credit Pkg. However, Exception is in Page #339 of Credit Package.pdf - Due Diligence Vendor-04/16/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Consumer Mortgage late payments in CBR Page #160, 172 of Credit Package.pdf
5+ years credit history-Oldest tradeline date in CBR page # 160, 172 of Credit Package.pdf is 01/01/2006
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #160, 172 of Credit Package.pdf
2+ borrowers on the loan-File is joint credit with 2 borrowers

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

3875552

XXXXXX-2025-NQM3-347

Closed

FCRE1326

2025-04-16 11:43

2025-04-23 09:08

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 YTD Profit & Loss Missing

Resolved-updated support doc to show expenses itemized now present - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. additional documentation provided that itemizes the expenses.  - Buyer-04/22/2025

Counter-waiver required as guidelines state expenses must be itemized.  If borrower had expenses, which PL states they do, they must be itemized. - Due Diligence Vendor-04/21/2025

Ready for Review-With this one and the nature of the business it doesn’t seem necessary as the borrowers business is for real estate

The borrower is an agent and these are standard licensing items based on the state.

  - Buyer-04/18/2025

Open-P&L page 346 does not meet guidelines.  Expenses are not itemized (required in guides pg 52) - Due Diligence Vendor-04/16/2025

Resolved-updated support doc to show expenses itemized now present - Due Diligence Vendor-04/23/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3881027

XXXXXX-2025-NQM3-347

Closed

FCOM4028

2025-04-16 09:29

2025-04-17 08:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3879178

XXXXXX-2025-NQM3-347

Closed

FCRE6763

2025-04-16 11:42

Waived

2 - Non-Material

Credit

Income/Employment

Income documentation does not meet guidelines

Waived-YTD wages from SE can't be supported
Comments Borrower is realtor and had some health issues, Jan-Feb weren't there with income. The same trend in the
previous years.
Pg. 379 - Due Diligence Vendor-04/16/2025

Compensating Factors
5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of employment, No credit events past 40
months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV
10% below maximum, Credit score >40 points than minimum required
Credit Decision
Status & Date of Decision Approved With Conditions 03/31/2025 +0.375 to price, 16% LTV max. LTV cannot be increased

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3881020

XXXXXX-2025-NQM3-348

Closed

FCOM4028

2025-04-16 07:14

2025-04-17 09:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3876878

XXXXXX-2025-NQM3-349

Closed

FCRE8012

2025-04-15 07:36

2025-04-17 07:26

Resolved

1 - Information

Credit

Missing Doc

Missing Purchase Contract

Resolved-contract now present - Due Diligence Vendor-04/17/2025

Ready for Review-Document Uploaded. Please see attached Purchase Contract for this loan - Buyer-04/16/2025

Open-Only lead disclosure and LLC amendment name change present -page 333-335 - Due Diligence Vendor-04/15/2025

Resolved-contract now present - Due Diligence Vendor-04/17/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3865743

XXXXXX-2025-NQM3-349

Closed

FCOM4028

2025-04-15 07:02

2025-04-16 12:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3865365

XXXXXX-2025-NQM3-350

Closed

FCOM4028

2025-04-15 07:51

2025-04-16 12:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3865940

XXXXXX-2025-NQM3-351

Closed

FVAL9739

2025-04-15 11:05

2025-04-18 11:03

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-does not meet condo eligibility for a single investor concentration. Waiver provided.

- Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Please see attached comment provided by CUW - Buyer-04/17/2025

Open-At least 75% of the total units in the subject property must be sold. As per appraisal report page #23 of 487 sold % is <75%(Total unit 8286 and sold 3536). Guide not meeting - Due Diligence Vendor-04/15/2025

Waived-does not meet condo eligibility for a single investor concentration. Waiver provided.

- Due Diligence Vendor-04/18/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3869117

XXXXXX-2025-NQM3-351

Closed

FCOM4028

2025-04-15 08:54

2025-04-16 11:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3866859

XXXXXX-2025-NQM3-351

Closed

FVAL5474

2025-04-15 10:52

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Single entity ownership - As per guide projects with 21 or more units – Single entity can own 25% unit
Exception form provided to allow Single entity ownership 57%
Exception form page #342 of 487
Approved Conditions :- 0.25 to price, [Redacted] max - Due Diligence Vendor-04/15/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3868922

XXXXXX-2025-NQM3-352

Closed

FCRE1325

2025-04-16 15:51

2025-04-22 07:07

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-lender obtain an additional letter stating when CPA letter was written. this is acceptable for missing date confirmation - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. Please find the email where CPA confirms the date of the latest letter he wrote for the Borrower (4/1/25). - Buyer-04/21/2025

Open-pg 312 and 313 letter not dated - Due Diligence Vendor-04/16/2025

Resolved-lender obtain an additional letter stating when CPA letter was written. this is acceptable for missing date confirmation - Due Diligence Vendor-04/22/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3884324

XXXXXX-2025-NQM3-352

Closed

FCRE1158

2025-04-16 15:42

2025-04-18 11:05

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-policy number provided. - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Policy number can be found on the Insurance invoice. - Buyer-04/17/2025

Open-Hazard Insurance Policy Partially Provided binder or policy # missing - Due Diligence Vendor-04/16/2025

Resolved-policy number provided. - Due Diligence Vendor-04/18/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3884241

XXXXXX-2025-NQM3-352

Closed

FCRE1228

2025-04-16 15:51

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-9 NSFs total - original exception request listed 8, but asset review shows 9
Comments Hi Team, Business bank statements, explanation is the following: the gas company is supposed to draft the
money 7 days after receiving the order. However, there was no consistency to when the money was coming
out and was drawn on unexpected days. Two of the eight times he said he was out of the Country and his
phone service was not working, so he did not have access to his account. ( duplicate file, removed co
borrower, [Redacted])
Pg. 319 - Due Diligence Vendor-04/16/2025

Compensating Factors
Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last
24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required,
Borrower contribution exceeds requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 01/31/2025 0.25 to price, CUW review required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3884317

XXXXXX-2025-NQM3-353

Closed

FCOM4028

2025-04-15 08:07

2025-04-16 13:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3866187

XXXXXX-2025-NQM3-354

Closed

FCOM4028

2025-04-15 12:27

2025-04-17 07:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3870346

XXXXXX-2025-NQM3-355

Closed

FCOM1159

2025-04-15 13:59

2025-04-17 13:27

Resolved

1 - Information

Compliance

TRID

TRID: Loan Estimate not received by the borrower at least 4 days prior to consummation

Resolved-proof LE was sent on 4/4 now present - Due Diligence Vendor-04/17/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-04/17/2025

Open-Need Evidence that Revised loan estimate delivered to the borrower on 4-4-2025. - Due Diligence Vendor-04/15/2025

Resolved-proof LE was sent on 4/4 now present - Due Diligence Vendor-04/17/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3871877

XXXXXX-2025-NQM3-355

Closed

FCOM4028

2025-04-15 10:55

2025-04-17 07:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/17/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3868982

XXXXXX-2025-NQM3-355

Closed

FPRO2828

2025-04-15 13:13

2025-04-16 09:54

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived--As per guide if Appraisal is getting transferred to [Redacted] from Other lender we need AVM with Score above 90
-Exception form Provided to allow proceed with loan as AVM is missing in file but per this form the score is low with higher value.
-Approved condition :- +0.25 to Price, [Redacted] max
-Exception form on pg. no 206 of 239 - Due Diligence Vendor-04/15/2025

Revolving debt is under 30%, Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Experienced investor

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3871169

XXXXXX-2025-NQM3-356

Closed

FCOM4028

2025-04-15 10:55

2025-04-16 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3868978

XXXXXX-2025-NQM3-357

Closed

FCOM4028

2025-04-15 12:15

2025-04-16 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3870196

XXXXXX-2025-NQM3-358

Closed

FCOM4028

2025-04-17 04:55

2025-04-18 11:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/18/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-04/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3887555

XXXXXX-2025-NQM3-359

Closed

FCRE1335

2025-04-17 12:02

2025-05-05 07:10

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/05/2025

Resolved-IRS tax transcripts are now present - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. Please see the 2023 and 2024 1040 transcripts. - Seller-05/03/2025

Counter-please provide a waiver, returns were needed to verify no ownership and since required we need transcripts.  If none available, we need a waiver - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. Per SUW, 2 years tax returns required as the borrower is employed by a family member, no income had been used from 1040. Borrower is W2 employee, and we have W2 tax transcripts. - Seller-04/24/2025

Counter-we dont need tax returns, we need the IRS tax return transcripts.  Please provide the tax transcript that validates the returns provided - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. Please see the TAX Return. - Seller-04/22/2025

Counter-this is not a tax transcript, we need TAX Return transcript - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. Please find the IRS Transcripts. - Seller-04/18/2025

Open-Borrower 1 IRS Transcripts Missing 2 years tax returns in file. missing IRS TAX RETURN transcripts  - Due Diligence Vendor-04/17/2025

Ready for Review-Document Uploaded. Please see the 2023 and 2024 1040 transcripts. - Seller-05/03/2025

Ready for Review-Document Uploaded. Per SUW, 2 years tax returns required as the borrower is employed by a family member, no income had been used from 1040. Borrower is W2 employee, and we have W2 tax transcripts. - Seller-04/24/2025

Ready for Review-Document Uploaded. Please see the TAX Return. - Seller-04/22/2025

Ready for Review-Document Uploaded. Please find the IRS Transcripts. - Seller-04/18/2025

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/05/2025

Resolved-IRS tax transcripts are now present - Due Diligence Vendor-05/05/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3892739

XXXXXX-2025-NQM3-359

Closed

FCOM4028

2025-04-17 10:31

2025-04-18 11:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3891578

XXXXXX-2025-NQM3-360

Closed

FCOM4028

2025-04-16 07:36

2025-04-17 12:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3877150

XXXXXX-2025-NQM3-361

Closed

FCRE1995

2025-04-17 14:44

2025-04-22 07:51

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-escrow receipt now present - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. Please see attached Evidence of Earnest Money deposit - Buyer-04/21/2025

Open-missing - Due Diligence Vendor-04/17/2025

Resolved-escrow receipt now present - Due Diligence Vendor-04/22/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3895071

XXXXXX-2025-NQM3-361

Closed

FCOM4028

2025-04-17 12:47

2025-04-18 12:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3893559

XXXXXX-2025-NQM3-362

Closed

FCOM4028

2025-04-16 07:06

2025-04-17 12:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3876814

XXXXXX-2025-NQM3-363

Closed

FCOM4028

2025-04-17 07:07

2025-04-18 12:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3888641

XXXXXX-2025-NQM3-364

Closed

FCRE1437

2025-04-16 09:10

2025-04-22 08:45

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-UW provided an explanation as to why they accepted a [Redacted] and prior was a [Redacted]. They updated their system to show correct employer type for current and offered further clarification to state since they have experience in general running a business they accept switch in line of work - Due Diligence Vendor-04/22/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-04/21/2025
Open-Income and Employment Do Not Meet Guidelines Bwrs business originated in 05/2023 = 23 months or < 2 years. Final 1003 states business as [Redacted], however, per docs in file, business is in [Redacted]. Previous employment was [Redacted] per the name [Redacted] and initial 1003. Bwrs LOE on page 224 just states owner of [Redacted] but not business type. CPA letter only confirms current business of auto sales. Need exception for self employment less than 2 yrs and also need clarification on work history as information conflicts (auto vs [Redacted]) - Due Diligence Vendor-04/16/2025

Resolved-UW provided an explanation as to why they accepted a automotive bus and prior was a [Redacted]. They updated their system to show correct employer type for current and offered further clarification to state since they have experience in general running a business they accept switch in line of work - Due Diligence Vendor-04/22/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3878580

XXXXXX-2025-NQM3-364

Closed

FCRE9651

2025-04-16 08:45

2025-04-18 11:52

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-am sch now present - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Please see attached Amortization Schedule - Buyer-04/17/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. Not present - Due Diligence Vendor-04/16/2025

Resolved-am sch now present - Due Diligence Vendor-04/18/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3878188

XXXXXX-2025-NQM3-364

Closed

FCOM4028

2025-04-16 08:14

2025-04-17 12:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3877726

XXXXXX-2025-NQM3-364

Closed

FCRE8611

2025-04-16 09:12

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-Page 538 - Exception to bank stmt loan as $0 in deposits for 02/2025 period - [Redacted] business account. - Due Diligence Vendor-04/16/2025

NO credit events past 40 months, No mortgage lates last 24 months, Credit score > 40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3878809

XXXXXX-2025-NQM3-365

Closed

FCOM4028

2025-04-17 07:12

2025-04-18 12:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

3888693

XXXXXX-2025-NQM3-366

Closed

FCRE1193

2025-04-16 10:45

2025-04-18 05:33

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-Lender updated income and fixed HOA dues.  asset was lowered to add to income.  DTI now matches at 52.30 - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. HOA was corrected as per Appraisal report. UW also added in a bank account for income that we were using for funds to close. It was removed from the funds to close and income was updated. Please find attached revised 1008, Approval, Tape and income calculation  - Buyer-04/17/2025

Open- - please confirm the HOA due on the subject property.  Per the Appraisal, the monthly dues are $917.  There is a payment history (page 407) for the borrower's other property in the same neighborhood stating the HOA dues are $741.  With the lower dues, the DTI is 54.70%.  With the higher dues, the DTI is 55.35% which exceeds guidelines.  - Due Diligence Vendor-04/16/2025

Resolved-Lender updated income and fixed HOA dues. asset was lowered to add to income. DTI now matches at 52.30 - Due Diligence Vendor-04/18/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3880188

XXXXXX-2025-NQM3-366

Closed

FCOM4028

2025-04-16 09:39

2025-04-17 04:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3879332

XXXXXX-2025-NQM3-367

Closed

FPRO1249

2025-04-16 12:54

2025-04-25 12:52

Resolved

1 - Information

Property

Neighborhood Location Not Allowed for Program

Resolved-lender addressed with credit committee memo and is allowed to waive new construction requirements outlined in the NQM guidelines and proceed with no exception
provided that a collateral underwriter deems the property value to be highly reliable - Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. Please review uploaded MEMO - Buyer-04/25/2025

Open-New Construction Per Guide over supply not allowed
Supply of Properties in the Subject Neighborhood: check mark Over-supply refer page#39 - Due Diligence Vendor-04/16/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3882156

XXXXXX-2025-NQM3-367

Closed

FCOM4028

2025-04-16 10:18

2025-04-18 11:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3879849

XXXXXX-2025-NQM3-368

Closed

FCRE9991

2025-04-16 13:56

2025-04-22 13:06

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender corrected error in DTI from duplicate debts DTI Now matches. - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. - Buyer-04/22/2025

Open-*DTI is off by 13.00% Lender DTI is 47.42%
-Lender considered Income is matching.
-DTI is off as lender consider PHE $4,372.61 Twice while calculating Debts.
-DTI should be subject negative PITI + Other debt + PHE / Income $255.20+$6,944.91 + 4,372.61/$33,623.90 = 34.42%
- Due Diligence Vendor-04/16/2025

Resolved-lender corrected error in DTI from duplicate debts DTI Now matches. - Due Diligence Vendor-04/22/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3883140

XXXXXX-2025-NQM3-368

Closed

FCOM1477

2025-04-17 07:34

2025-04-21 13:55

Resolved

1 - Information

Compliance

Missing Doc

Missing evidence of rate lock

Resolved-lock now present - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. - Buyer-04/21/2025

Open-Rate lock document is missing - Due Diligence Vendor-04/17/2025

Resolved-lock now present - Due Diligence Vendor-04/21/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3888956

XXXXXX-2025-NQM3-368

Closed

FCOM4028

2025-04-16 11:01

2025-04-18 12:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3880433

XXXXXX-2025-NQM3-369

Closed

FCOM4028

2025-04-16 13:49

2025-04-17 13:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3883073

XXXXXX-2025-NQM3-370

Closed

FCOM4028

2025-04-16 15:09

2025-04-18 08:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3883888

XXXXXX-2025-NQM3-371

Closed

FCOM4028

2025-04-17 02:23

2025-04-18 13:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3886969

XXXXXX-2025-NQM3-372

Closed

FCOM4028

2025-04-17 07:34

2025-04-18 12:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3888959

XXXXXX-2025-NQM3-373

Closed

FCOM4028

2025-04-17 10:06

2025-04-18 13:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3891288

XXXXXX-2025-NQM3-374

Closed

FCRE1226

2025-04-17 09:40

2025-04-24 07:53

Resolved

1 - Information

Credit

Missing Doc

Appraisal document is incomplete or partial

Resolved-lender removed the HOA dues from 1008 and DSCR score is now updated - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. $200 HOA was removed. Added incorrectly, there's no HOA fee on the property. Please see the updated 1008. - Buyer-04/23/2025

Open-As per Appraisal on page #28 pdf, there is no HOA. Lender has considered monthly $200 under HOA, however no supporting doc in file. Need supporting doc to verify the same. - Due Diligence Vendor-04/17/2025

Resolved-lender removed the HOA dues from 1008 and DSCR score is now updated - Due Diligence Vendor-04/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3890928

XXXXXX-2025-NQM3-374

Closed

2260

2025-04-18 13:47

2025-04-21 05:55

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. The loan closed with no prepayment penalty. - Buyer-04/19/2025

Open-confirm none - Due Diligence Vendor-04/18/2025

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-04/21/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3905502

XXXXXX-2025-NQM3-374

Closed

FCOM4028

2025-04-17 07:35

2025-04-18 13:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3888967

XXXXXX-2025-NQM3-375

Closed

FVAL5524

2025-04-17 08:35

2025-04-21 05:56

Waived

2 - Non-Material

Property

Ineligible Property

Waived- - lender granted exception for living area less that 500 sq ft. - page 241 - Due Diligence Vendor-04/17/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history; revolving debt under 30%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3889761

XXXXXX-2025-NQM3-375

Closed

FCRE8800

2025-04-17 08:36

2025-04-21 05:56

Resolved

1 - Information

Credit

Eligibility

Compensating Factors are insufficient to approve Exception Waiver

Resolved-additional factors provided - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. 5+ years credit history; revolving debt under 30% can be used as additional compensating factors. - Buyer-04/19/2025

Open- - only 2 compensating factors listed on exception (page 241) - Due Diligence Vendor-04/17/2025

Resolved-additional factors provided - Due Diligence Vendor-04/21/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3889771

XXXXXX-2025-NQM3-375

Closed

FCOM4028

2025-04-17 08:09

2025-04-18 13:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3889372

XXXXXX-2025-NQM3-376

Closed

FCOM4028

2025-04-18 06:42

2025-04-21 07:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3899320

XXXXXX-2025-NQM3-377

Closed

FCRE1172

2025-04-18 08:46

2025-04-22 10:02

Resolved

1 - Information

Credit

Insurance

Flood Insurance Minimum Coverage Not Met

Resolved-replacement cost coverage now present - Due Diligence Vendor-04/22/2025
Ready for Review-Document Uploaded. Email confirmation that 100% replacement cost is covered (for flood and hazard) - Buyer-04/22/2025
Open-Flood Insurance Coverage Amount does not meet minimum required coverage amount The minimum amount of flood insurance required is 100% of the replacement cost or the unpaid principal balance of the mortgage or the maximum coverage amount available from the NFIP, which is currently $[Redacted] - Due Diligence Vendor-04/18/2025

Resolved-replacement cost coverage now present - Due Diligence Vendor-04/22/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3901030

XXXXXX-2025-NQM3-377

Closed

FCOM4028

2025-04-17 15:08

2025-04-21 10:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3895315

XXXXXX-2025-NQM3-377

Closed

FPRO1245

2025-04-18 09:13

2025-04-21 08:24

Acknowledged

2 - Non-Material

Property

Appraisal

Appraisal is Expired

Acknowledged-Primary Value Appraisal is Expired Second appraisal in file on page #54 of 509. First appraisal was one month expired. Second appraisal was conducted post-close and supports value of first appraisal. Finding is acknowledged. - Due Diligence Vendor-04/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

3901636

XXXXXX-2025-NQM3-377

Closed

FVAL2242

2025-04-18 10:17

Waived

2 - Non-Material

Property

Property is Manufactured Housing

Waived-*Exception is provided to allow manufactured for not highest and best use due to unpermitted shed converted to guest house.
*Approved Conditions: [Redacted] max, rural + mfr pricing
*Exception form is on page #103 of 192 - Due Diligence Vendor-04/18/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

3902508

XXXXXX-2025-NQM3-377

Closed

FPRO1251

2025-04-18 10:15

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-As per guide, a manufactured home cannot be rural.
*Exception form is provided to allow manufactured rural.
*Approved Conditions: [Redacted] max, rural + mfr pricing
*Exception form is on page #103 of 192 - Due Diligence Vendor-04/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

3902479

XXXXXX-2025-NQM3-378

Closed

FCOM4028

2025-04-18 07:10

2025-04-21 11:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3899576

XXXXXX-2025-NQM3-379

Closed

FCOM4028

2025-04-18 07:54

2025-04-21 11:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Refinance

Cash Out - Other

N/A

3900239

XXXXXX-2025-NQM3-380

Closed

FCRE1441

2025-04-21 08:37

2025-04-22 13:11

Resolved

1 - Information

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Resolved-lender accepted letter stating victim of identity theft and that account wasn't theirs. not requiring to be paid. finding is resolved. - Due Diligence Vendor-04/22/2025
Ready for Review-Document Uploaded. - Buyer-04/22/2025
Open- - [Redacted] charge off (page 414) for $[Redacted] - missing proof account paid in full - Due Diligence Vendor-04/21/2025

Resolved-lender accepted letter stating victim of identity theft and that account wasn't theirs. not requiring to be paid. finding is resolved. - Due Diligence Vendor-04/22/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3914098

XXXXXX-2025-NQM3-380

Closed

FCOM4028

2025-04-21 07:46

2025-04-21 12:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3913351

XXXXXX-2025-NQM3-381

Closed

FCRE9991

2025-04-22 10:15

2025-04-23 09:32

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-corrected 1008 provided and now DTI matches. - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. Please see attached updated 1008, Lock, tape and approval letter - Buyer-04/22/2025

Open-DTI is 28.40%. Neg subject rents are $5239.33 + Primary housing $8662 =$ 18800 for other REO + $3652 credit debt = $36353.33/ 38930.66 = 28.40% - Due Diligence Vendor-04/22/2025

Resolved-corrected 1008 provided and now DTI matches. - Due Diligence Vendor-04/23/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3927087

XXXXXX-2025-NQM3-381

Closed

FCOM4028

2025-04-21 08:13

2025-04-22 10:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3913738

XXXXXX-2025-NQM3-382

Closed

FCOM1159

2025-04-18 15:34

2025-04-23 13:28

Resolved

1 - Information

Compliance

TRID

TRID: Loan Estimate not received by the borrower at least 4 days prior to consummation

Resolved-proof disclosure delivered on 4/14 now present - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-04/23/2025

Open-The Revised Loan Estimate Received Date of (2025-04-15) is not 4 business days before the consummation date of (2025-04-18). Need Evidence that Revised loan estimate was delivered to the borrower on 4-14-2025. - Due Diligence Vendor-04/18/2025

Resolved-proof disclosure delivered on 4/14 now present - Due Diligence Vendor-04/23/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3906684

XXXXXX-2025-NQM3-382

Closed

FCRE3978

2025-04-21 08:53

2025-04-23 13:27

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Credit)

Resolved-Lender provided detailed explanation that this mtg is paid by someone else. The payment is escrowed so other party is responsible for payment. Finding is resolved with this info - Due Diligence Vendor-04/23/2025
Ready for Review-Document Uploaded. For the property, "[Redacted]", Our borrower is not obligate to pay mortgage payment. As per the received note mortgage is paid by [Redacted].

Provided mortgage statement show mortgage on name of only Jaun Ernesto Leon. Also, mortgage payment is escrowed. So tax and insurance is already covered in the payment hence not required to be included in DTI of our borrower as it is paid by [Redacted] while making monthly payments. Hence neither rent not debt is considered for qualification. Property listed on 1003 just because borrower is owner of the same. He has just provided this information to avoid FTHB guideline as he owns one property.
- Buyer-04/23/2025
Open-REO property [Redacted] reflects on page #53 of 129. 1003 did not reflects on TIA. as per Tax cert page #271 borrower reflects owner of the property. Need LOE reflecting no expenses on the property and copy of lease or what income used to omit this debt. lender didnt account for any debt on this property and didnt provide any leases to offset taxes. - Due Diligence Vendor-04/21/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3914370

XXXXXX-2025-NQM3-382

Closed

FCOM4028

2025-04-18 12:54

2025-04-22 07:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3904663

XXXXXX-2025-NQM3-383

Closed

FCOM4028

2025-04-21 09:13

2025-05-08 13:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3914738

XXXXXX-2025-NQM3-383

Closed

FPRO6999

2025-04-21 13:11

Waived

2 - Non-Material

Property

Appraisal

Wrong appraisal form for Residential/Commercial Mixed-use property

Waived- - lender granted exception for Property type mixed used and appraisal 1025 received - page 273 - Due Diligence Vendor-04/21/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3918464

XXXXXX-2025-NQM3-384

Closed

FCRE9580

2025-04-22 08:36

2025-04-29 10:56

Waived

2 - Non-Material

Credit

Eligibility

Bankruptcy History does not meet guidelines

Waived-lender is waiving the seasoning requirement for a credit event. BK under 1 year. - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. PC Exception granted. - Buyer-04/28/2025

Counter-correct this is less than 1 yr and not allowed on Super Prime - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. According to Credit report, bankruptcy discharged in April 2024. No data found in Fraud Report. - Buyer-04/23/2025

Open-BK discharged under 1 yr ago. Discharged 4/24/2025 and note is 4/18. no exception in file - Due Diligence Vendor-04/22/2025

Waived-lender is waiving the seasoning requirement for a credit event. BK under 1 year. - Due Diligence Vendor-04/29/2025

Revolving debt is under 30%, Residential income >=3000$, 5+ years credit history

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

3925326

XXXXXX-2025-NQM3-384

Closed

FCOM4028

2025-04-22 07:26

2025-04-23 06:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3924274

XXXXXX-2025-NQM3-385

Closed

FCOM4028

2025-04-22 10:49

2025-04-23 08:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3927585

XXXXXX-2025-NQM3-385

Closed

FCRE1248

2025-04-22 12:22

Waived

2 - Non-Material

Credit

Eligibility

Purchase is not considered to be an Arm's Length Transaction

Waived-Purchase is not considered to be an Arm's Length Transaction non-Arm's length transaction
Comments The borrower is buying the property from his aunt at the market value. No concessions or gift of equity.
Pg 679 - Due Diligence Vendor-04/22/2025

Compensating Factors
Residential income >=3000$, DTI >=10% lower than loan program, Credit score >40 points than minimum required, Reserves >6 months
Credit Decision
Status & Date of Decision Approved With Conditions 04/15/2025 75% cltv, 0.5 to price

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3929128

XXXXXX-2025-NQM3-386

Closed

FCOM4028

2025-04-21 07:08

2025-04-22 11:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3912893

XXXXXX-2025-NQM3-386

Closed

FVAL9739

2025-04-21 08:11

2025-04-21 08:14

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Page 592 - Exception for HOA Violation - Leaks not repaired - Due Diligence Vendor-04/21/2025

No consumer lates last 24 months, Bwr contribution exceeds requirement > 5%. Revolving debt under 30 % ( added in lieu of all other factors as they are null). Cannot use No mortgage lates last 24 months - bwr is a FTHB or Credit score > 40 points, which is incorrect and 5+ yr credit history is also incorrect - Bwr credit dated 07/2022.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3913701

XXXXXX-2025-NQM3-387

Closed

FCOM4028

2025-04-21 07:45

2025-04-22 11:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3913345

XXXXXX-2025-NQM3-387

Closed

FVAL5981

2025-04-21 14:17

2025-04-21 14:18

Waived

2 - Non-Material

Property

Property Type does not meet eligibility requirement(s)

Waived-Per Guide : The manufactured home with one-unit dwelling which is a unique type of property is not allowed.
Exception provided to allow property type which is SFR with Manufactured ADU.
Exception form page#365 of 636
Approved With Conditions: 0.25 to price, CLTV [Redacted] - Due Diligence Vendor-04/21/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3919414

XXXXXX-2025-NQM3-388

Closed

FCRE9991

2025-04-22 01:00

2025-04-28 12:44

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender fixed DSCR score. - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-04/28/2025

Open-Calculated DSCR 0.759 not matching with Originator DSCR 0.761 with variance 0.002,
Rent amount $6000/PITIA $7882.24= 0.761
Lender Considered HOA amount as $63 whereas Appraisal Report HOA monthly amount showing $83.33. - Due Diligence Vendor-04/22/2025

Resolved-lender fixed DSCR score. - Due Diligence Vendor-04/28/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3922309

XXXXXX-2025-NQM3-388

Closed

FCOM4028

2025-04-21 21:32

2025-04-23 10:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/23/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-04/22/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3921835

XXXXXX-2025-NQM3-389

Closed

FCOM4028

2025-04-21 07:35

2025-04-22 12:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3913231

XXXXXX-2025-NQM3-390

Closed

FCRE1158

2025-04-21 13:50

2025-04-29 12:07

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-corrected mortgagee clause for insurance is now present - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. updated HO-6 - Buyer-04/29/2025

Open-Mortgagee clause is incomplete on HO6 policy available on page #496. The Verbiage "ISAOA/ATIMA" is missing. - Due Diligence Vendor-04/21/2025

Resolved-corrected mortgagee clause for insurance is now present - Due Diligence Vendor-04/29/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3919079

XXXXXX-2025-NQM3-390

Closed

FCRE1212

2025-04-21 13:53

2025-04-28 11:17

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-resolved with lender comments. -Vesting on the title, it is verified that "[Redacted]" is trustee and authorized to signed for the respective trust - Due Diligence Vendor-04/28/2025
Ready for Review-Per Vesting on the title, it is verified that "[Redacted]" is trustee and authorized to signed for the respective trust. - Buyer-04/25/2025
Open-Purchase contract has not been fully provided As per title commitment on page #621 Seller is vested in the name of Trust. However on purchase contract page #536-541 seller have signed docs in individual only. - Due Diligence Vendor-04/21/2025

Resolved-resolved with lender comments. -Vesting on the title, it is verified that "[Redacted]" is trustee and authorized to signed for the respective trust - Due Diligence Vendor-04/28/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3919127

XXXXXX-2025-NQM3-390

Closed

FCOM4028

2025-04-21 10:57

2025-04-22 13:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3916200

XXXXXX-2025-NQM3-391

Closed

FCOM4028

2025-04-21 13:09

2025-04-23 10:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3918439

XXXXXX-2025-NQM3-392

Closed

FCOM4028

2025-04-21 11:25

2025-04-22 13:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3916626

XXXXXX-2025-NQM3-393

Closed

FVAL9739

2025-04-22 08:08

2025-05-06 07:37

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-completed transfer letter now present - Due Diligence Vendor-05/06/2025

Ready for Review-Document Uploaded. Please review uploaded transfer letter - Buyer-05/05/2025

Counter-incomplete form New lender name for appraisal transferred to is missing - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. Please review uploaded signed appraisal transfer letter - Buyer-04/23/2025

Open-As per guide for Appraisal transfer need signed transfer letter. As per page #1 email supporting appraisal transfer letter is missing in file. - Due Diligence Vendor-04/22/2025

Resolved-completed transfer letter now present - Due Diligence Vendor-05/06/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3924817

XXXXXX-2025-NQM3-393

Closed

FCOM4028

2025-04-21 13:53

2025-04-23 12:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3919136

XXXXXX-2025-NQM3-394

Closed

FCOM1896

2025-04-22 08:15

2025-04-24 14:38

Resolved

1 - Information

Compliance

Disclosure

ROR issued on incorrect form.

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/24/2025
Acknowledged-Acknowledged-The federal appeals courts are divided over whether a creditor's use of the wrong model rescission form allows a borrower to exercise the right of rescission for up to three years after consummation. The Seventh Circuit (covering the states of [Redacted]) holds that it does (see [Redacted]., 464 F.3d 760 (7th Cir. 2006)), while the First Circuit ([Redacted]), Eleventh Circuit ([Redacted]), and now the Fourth Circuit ([Redacted]) hold that it does not. See [Redacted] v. [Redacted]., 485 F.3d 12, 18 (1st Cir. 2007), [Redacted] v. [Redacted], 85 F.3d 577, 580 (11th Cir. 1996), and [Redacted]. The finding is acknowledge as a compliance caution. - Due Diligence Vendor-04/24/2025
Ready for Review-Those are exactly the same forms. And all our package contains H-8, not H-9. We good to procced with H-8 - Buyer-04/24/2025
Open-Pay off of same lender, need H-9 form - Due Diligence Vendor-04/23/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/24/2025
Acknowledged-Acknowledged-The federal appeals courts are divided over whether a creditor's use of the wrong model rescission form allows a borrower to exercise the right of rescission for up to three years after consummation. The Seventh Circuit (covering the states of [Redacted]) holds that it does (see [Redacted] v. [Redacted]., 464 F.3d 760 (7th Cir. 2006)), while the First Circuit ([Redacted]), Eleventh Circuit ([Redacted]), and now the Fourth Circuit ([Redacted]) hold that it does not. See [Redacted] v. [Redacted]., 485 F.3d 12, 18 (1st Cir. 2007), [Redacted] v. [Redacted], 85 F.3d 577, 580 (11th Cir. 1996), and [Redacted]. The finding is acknowledge as a compliance caution. - Due Diligence Vendor-04/24/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3924901

XXXXXX-2025-NQM3-394

Closed

FCOM4028

2025-04-22 07:37

2025-04-23 11:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3924413

XXXXXX-2025-NQM3-394

Closed

FCRE1501

2025-04-22 08:09

2025-04-22 08:14

Waived

2 - Non-Material

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Waived-Total Qualified Assets for Reserves Post-Close of $13791.02 is less than Total Required Reserve Amount of $17499.96 - lender granted exception for short reserves - page 64 - Due Diligence Vendor-04/22/2025

5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3924819

XXXXXX-2025-NQM3-395

Closed

FCOM4028

2025-04-21 14:33

2025-04-23 12:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3919614

XXXXXX-2025-NQM3-396

Closed

FCOM4028

2025-04-21 14:54

2025-04-23 12:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3919954

XXXXXX-2025-NQM3-396

Closed

FCRE1158

2025-04-21 16:14

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived-As per guide, Roof claims to be settled on a replacement cost basis.
*Exception form is provided to allow no RCE for roofs 15 years or older.
*Approved Conditions: +0.25 to price, [Redacted] max
*Exception form is on page #430
- Due Diligence Vendor-04/21/2025

Revolving debt is under 30%, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3920818

XXXXXX-2025-NQM3-397

Closed

FCOM4028

2025-04-22 10:52

2025-04-23 12:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3927616

XXXXXX-2025-NQM3-398

Closed

FCRE1151

2025-04-22 13:19

2025-04-29 11:02

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-satisfactory chain for over 12 months now present - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. - Buyer-04/28/2025

Open-Unsatisfactory Chain of Title provided missing chain - Due Diligence Vendor-04/22/2025

Resolved-satisfactory chain for over 12 months now present - Due Diligence Vendor-04/29/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3930119

XXXXXX-2025-NQM3-398

Closed

FCOM4028

2025-04-22 13:01

2025-04-23 13:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3929777

XXXXXX-2025-NQM3-399

Closed

FCOM4028

2025-04-22 09:25

2025-04-23 10:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3926272

XXXXXX-2025-NQM3-400

Closed

123ABH

2025-04-22 06:43

2025-04-23 13:29

Resolved

1 - Information

Compliance

Missing Doc

Missing Toolkit Disclosure/Booklet

Resolved-tool kit now present - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. Please review uploaded toolkit - Buyer-04/23/2025

Open-Homeowner Toolkit is missing Not in file - Due Diligence Vendor-04/22/2025

Resolved-tool kit now present - Due Diligence Vendor-04/23/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3923802

XXXXXX-2025-NQM3-400

Closed

FCOM4028

2025-04-22 06:23

2025-04-23 04:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3923655

XXXXXX-2025-NQM3-400

Closed

FVAL9739

2025-04-22 07:32

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Exception page 283 - 16 unit project with one owner at 4 units or 25%. - Due Diligence Vendor-04/22/2025

DTI > 10% below program maximum, No mortgage lates last 24 months, LTV > 10% below program maximum, Credit Score > 40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3924362

XXXXXX-2025-NQM3-401

Closed

FCOM4028

2025-04-22 08:31

2025-04-23 13:08

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3925221

XXXXXX-2025-NQM3-402

Closed

FCRE9991

2025-04-22 09:45

2025-04-24 13:40

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-dscr now updated and matches - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. - Buyer-04/24/2025

Open-DSCR is off by 0.913. Lender's score 1.977
Lender 1008 indicates a rent of $3600. Docs in file, 1007 page #77 of 333 reflect $3600. PITI Matches. No lease or other indicator to support any other rent per Lender if any.
>Calculation: $3600/$3382.86= 1.064 should be the actual score. - Due Diligence Vendor-04/22/2025

Resolved-dscr now updated and matches - Due Diligence Vendor-04/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3926588

XXXXXX-2025-NQM3-402

Closed

FCOM4028

2025-04-22 07:28

2025-04-23 13:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3924294

XXXXXX-2025-NQM3-402

Closed

FCRE8201

2025-04-22 09:49

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-As per guide, For R/T refinance If the property was acquired less than or equal to 12 months, the lesser of the current appraised value or purchase price plus documented improvements will be used to determine LTV.
*Exception is provided to use current appraised value to determine LTV
*Approved Conditions: 0.25 to price
*Exception form is on page #280 of 333 - Due Diligence Vendor-04/22/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

3926701

XXXXXX-2025-NQM3-403

Closed

FCOM5814

2025-04-23 08:49

2025-04-28 15:15

Cured

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Cured-This is acceptable. - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. Please see revised cd with payoff proc fee as APR fee - Buyer-04/28/2025

Counter-we need proof of why you are not considering this APR, we feel it should be APR. please explain what reg states this should not be an APR fee. - Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. not APR - Buyer-04/25/2025

Open-Provide proof the Title-Payoff Processing Fee is not an APR fee. - Due Diligence Vendor-04/23/2025

Cured-This is acceptable. - Due Diligence Vendor-04/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3937706

XXXXXX-2025-NQM3-403

Closed

FCOM4028

2025-04-23 07:02

2025-04-24 10:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3936131

XXXXXX-2025-NQM3-404

Closed

FCOM4028

2025-04-22 13:17

2025-04-24 12:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3930089

XXXXXX-2025-NQM3-405

Closed

FCOM4028

2025-04-23 10:25

2025-04-24 12:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3939667

XXXXXX-2025-NQM3-406

Closed

FCOM4028

2025-04-24 08:26

2025-04-25 09:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3950440

XXXXXX-2025-NQM3-407

Closed

FCOM4028

2025-04-23 08:10

2025-04-24 13:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3937073

XXXXXX-2025-NQM3-407

Closed

FCRE6843

2025-04-23 09:22

2025-04-24 13:43

Waived

2 - Non-Material

Credit

Assets

Asset General

Waived-Page 521 - EMD was paid directly to Builder and guides state must be paid to seller or title - Due Diligence Vendor-04/23/2025

Revolving debt under 30%, Residual income > $3,000, DTI > 10% below program maximum, 5+ years credit history, No mortgage lates last 24 months, Credit score > 40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3938662

XXXXXX-2025-NQM3-408

Closed

FCOM4028

2025-04-23 08:12

2025-04-24 14:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3937094

XXXXXX-2025-NQM3-409

Closed

FCRE1481

2025-04-24 11:44

2025-04-29 11:03

Resolved

1 - Information

Credit

Assets

Asset 3 Does Not Meet Guideline Requirements

Resolved-gift funds now fully documented  - Due Diligence Vendor-04/29/2025
Ready for Review-Document Uploaded. Please see the gift letter. - Buyer-04/28/2025
Counter-gift letter and gift on CD is for [Redacted] but $[Redacted] was transferred.  need revised gift letter. - Due Diligence Vendor-04/28/2025
Ready for Review-Document Uploaded. Please see the gift transfer confirmation.  - Buyer-04/25/2025
Open-Asset Record 3 Does Not Meet G/L Requirements gift missing donor wire transfer to title 50k - Due Diligence Vendor-04/24/2025

Resolved-gift funds now fully documented - Due Diligence Vendor-04/29/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3953552

XXXXXX-2025-NQM3-409

Closed

FCOM4028

2025-04-24 10:11

2025-04-28 11:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/28/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-04/25/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/24/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3952324

XXXXXX-2025-NQM3-410

Closed

FVAL1039

2025-04-24 14:51

2025-04-30 09:25

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-AVM now present - Due Diligence Vendor-04/30/2025
Ready for Review-Document Uploaded. Please see attached AVM with confidence score 90% supporting the property value - Buyer-04/29/2025
Counter-we have appraisal, we are missing support. CU's both do not support at 2.7 - Due Diligence Vendor-04/28/2025
Ready for Review-Document Uploaded. Please see attached Appraisal Report, FNMA SSR form and AVM supporting property value of $[Redacted] - Buyer-04/25/2025
Open-missing - Due Diligence Vendor-04/24/2025

Resolved-AVM now present - Due Diligence Vendor-04/30/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3956667

XXXXXX-2025-NQM3-410

Closed

FCOM4028

2025-04-24 12:57

2025-04-25 10:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3954861

XXXXXX-2025-NQM3-411

Closed

FCRE1226

2025-04-23 09:46

2025-05-02 07:43

Resolved

1 - Information

Credit

Missing Doc

Appraisal document is incomplete or partial

Resolved-updated appraisal now present and states non arms length - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached updated Appraisal Report. It shows Non-arm length transaction. - Buyer-05/01/2025

Open-Appraisal pg.# 27 : If this is a Arm's length or Non arm's transaction is not reflecting. - Due Diligence Vendor-04/23/2025

Resolved-updated appraisal now present and states non arms length - Due Diligence Vendor-05/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3939080

XXXXXX-2025-NQM3-411

Closed

FCOM4028

2025-04-23 07:56

2025-04-24 14:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3936884

XXXXXX-2025-NQM3-412

Closed

FCRE8800

2025-04-23 09:59

2025-04-28 13:48

Resolved

1 - Information

Credit

Eligibility

Compensating Factors are insufficient to approve Exception Waiver

Resolved-missing document to validate zoning now present - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. - Buyer-04/28/2025

Open-Exception form page on 417 of 515 mentioned Old appraisal uploaded for reference on Rural zoning but is missing in file to verify. - Due Diligence Vendor-04/23/2025

Resolved-missing document to validate zoning now present - Due Diligence Vendor-04/28/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3939300

XXXXXX-2025-NQM3-412

Closed

FCOM4028

2025-04-23 07:52

2025-04-24 15:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3936810

XXXXXX-2025-NQM3-412

Closed

FPRO1251

2025-04-23 09:36

2025-04-23 09:56

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-Exception form provided to allow Zoning on loan we currently are servicing, The subject is zoned K, SR (Recreation and Visitor-Serving Commercial District) by the County of [Redacted]
Exception form page#417 of 515
Approved With Conditions: +1 to Price, $[Redacted] LA max - Due Diligence Vendor-04/23/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3938916

XXXXXX-2025-NQM3-413

Closed

FCOM4028

2025-04-23 12:12

2025-04-24 14:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3941258

XXXXXX-2025-NQM3-414

Closed

FCRE9991

2025-04-23 15:05

2025-04-29 11:10

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DSCR score was updated. now matches at 1.005 - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-04/28/2025

Open-* DSCR is off by 0.016 Lender score 1.021
Rent income considered by lender : $1600: matches. PITI $1541.56 matches
> Reason: Lender Consider HOA $25 but per Document HOA $50, refer page#114 of 272
Calculation : Rent 1600 /PITIA 1591.56 = 1.005 should be the actual score - Due Diligence Vendor-04/23/2025

Resolved-DSCR score was updated. now matches at 1.005 - Due Diligence Vendor-04/29/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3944267

XXXXXX-2025-NQM3-414

Closed

FCOM4028

2025-04-23 11:34

2025-04-25 11:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3940610

XXXXXX-2025-NQM3-415

Closed

FVAL9739

2025-04-23 14:36

2025-05-01 11:42

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-signed transfer letter now present - Due Diligence Vendor-05/01/2025

Ready for Review-Document Uploaded. - Buyer-04/30/2025

Open-missing signed appraisal transfer letter - Due Diligence Vendor-04/23/2025

Resolved-signed transfer letter now present - Due Diligence Vendor-05/01/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3943940

XXXXXX-2025-NQM3-415

Closed

FCOM4028

2025-04-23 12:05

2025-04-25 11:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3941147

XXXXXX-2025-NQM3-416

Closed

FCOM4028

2025-04-23 11:58

2025-04-24 15:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/24/2025

Open-Missing evidence of Mortgage recording -Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/23/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3941000

XXXXXX-2025-NQM3-416

Closed

FCRE1228

2025-04-24 15:14

2025-07-24 09:10

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Exception to # of NSF - Due Diligence Vendor-07/24/2025

Waived-exceeds max NSF charges for program - Due Diligence Vendor-04/24/2025

Revolving debt is under 30%, No credit events past 40 months, and no mortgage late payments in the last 24 months. - 07/24/2025

Waived-Exception to # of NSF - Due Diligence Vendor-07/24/2025

Waived-exceeds max NSF charges for program - Due Diligence Vendor-04/24/2025

Revolving debt is under 30%, No credit events past 40 months, and no mortgage late payments in the last 24 months.

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3956934

XXXXXX-2025-NQM3-417

Closed

FCOM4028

2025-04-24 07:32

2025-04-25 12:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3949621

XXXXXX-2025-NQM3-417

Closed

FCRE0626

2025-04-24 08:49

Waived

2 - Non-Material

Credit

Closing

Borrower Minimum Contribution Towards Purchase Not Met

Waived-Exception on page 531

10% borrower contribution not met, please accept 7% contribution

Approved with conditions of 0.5 to price - Due Diligence Vendor-04/24/2025

DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3950884

XXXXXX-2025-NQM3-418

Closed

FCRE1479

2025-04-25 11:47

2025-05-01 12:10

Resolved

1 - Information

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Resolved-proof borrower is on account used for assets is now present - Due Diligence Vendor-05/01/2025
Ready for Review-Document Uploaded. Borrowers name is on document in file. - Buyer-04/30/2025
Open-[Redacted] account does not have borrower name - Due Diligence Vendor-04/25/2025

Resolved-proof borrower is on account used for assets is now present - Due Diligence Vendor-05/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3965911

XXXXXX-2025-NQM3-418

Closed

FCOM4028

2025-04-25 10:23

2025-04-28 11:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3964645

XXXXXX-2025-NQM3-418

Closed

FCRE1174

2025-04-25 11:46

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Individual flood insurance
Comments The HOA has master policy, the flood insurance must be covered by each unit owner individually by their
policy. All applicable documents attached.
Pg 826 - Due Diligence Vendor-04/25/2025

Compensating Factors
Several income sources and DTI below 45%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, 10
years or more in the same line of employment, No credit events past 40 months, 5+ years credit history, LTV 10% below maximum,
Residual income is around $5K. 20-year credit history.
Credit Decision
Status & Date of Decision Approved With Conditions 03/31/2025 0.25 to price, coverage of LA is required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3965889

XXXXXX-2025-NQM3-419

Closed

2260

2025-04-25 12:56

2025-04-28 11:38

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-no prepay per lender comments - Due Diligence Vendor-04/28/2025

Ready for Review- confirmed.

suw: 0 prepayment penalty and lock desk also confirmed: we are showing no Prepayment Penalty - Buyer-04/25/2025

Open-confirm none - Due Diligence Vendor-04/25/2025

Resolved-no prepay per lender comments - Due Diligence Vendor-04/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3967048

XXXXXX-2025-NQM3-419

Closed

FCOM4028

2025-04-24 07:25

2025-04-25 12:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3949486

XXXXXX-2025-NQM3-420

Closed

FCOM4028

2025-04-24 09:31

2025-04-28 13:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3951720

XXXXXX-2025-NQM3-421

Closed

FCRE1441

2025-04-25 08:21

2025-04-30 13:34

Resolved

1 - Information

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Resolved-lender provided proof that collections exceed statute of limits and the remaining can remain open since over 24 months and doesnt exceed max allowed. finding is resolved - Due Diligence Vendor-04/30/2025
Ready for Review-Document Uploaded. Collection and charge-off accounts [Redacted]; [Redacted]; [Redacted]; [Redacted]; [Redacted] exceeded the statute of limitations. Statute of limitations for GA is 6 years. Collection and charge-off accounts that can remain open: [Redacted]. - Buyer-04/29/2025
Open- - there are a total of 5 charge offs and 1 collection that need to be paid off. Charge Offs: [Redacted], [Redacted], [Redacted], [Redacted], [Redacted] and Collection: [Redacted]

There is documentation that both Portfolio tradelines have been paid off (pages 232 and 252) and [Redacted] judgement (page 250) was paid off at closing. - Due Diligence Vendor-04/25/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3962600

XXXXXX-2025-NQM3-421

Closed

FCOM4028

2025-04-24 13:06

2025-04-28 12:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3955035

XXXXXX-2025-NQM3-422

Closed

FCOM4028

2025-04-24 07:45

2025-04-25 13:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3949816

XXXXXX-2025-NQM3-423

Closed

FCRE1159

2025-04-24 09:45

2025-04-28 11:39

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Hazard Insurance Effective Date of 04-23-2025 is prior to or equal to the Note Date of 04-23-2025 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-04/28/2025

Resolved-HOI effective date has been corrected - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. Hazard application states effective from 04/23/2025. - Buyer-04/26/2025

Open-Hazard Insurance Effective Date of 04-28-2025 is after the Note Date of 04-23-2025 - Hazard Dec page states the Effective date is 4/28/2025. The hazard application (signed by the borrower and insurance agent) states the effective date is 4/23/2025 (page 237) - please confirm the effective date of hazard insurance. - Due Diligence Vendor-04/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3951938

XXXXXX-2025-NQM3-423

Closed

FCOM4028

2025-04-24 09:29

2025-04-25 13:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3951670

XXXXXX-2025-NQM3-424

Closed

FCRE1995

2025-04-24 08:36

2025-04-28 11:46

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved wit lender comments- emd backed out - Due Diligence Vendor-04/28/2025
Ready for Review-Document Uploaded. 3,000 EMD was backed out of [Redacted]. - Buyer-04/26/2025
Open- - missing - Due Diligence Vendor-04/24/2025

Resolved-resolved wit lender comments- emd backed out - Due Diligence Vendor-04/28/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3950589

XXXXXX-2025-NQM3-424

Closed

FCOM4028

2025-04-24 07:56

2025-04-25 13:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3949978

XXXXXX-2025-NQM3-425

Closed

50001251-Fees-Limited

2025-04-24 12:11

2025-04-28 14:34

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That Cannot Increase Test (50001251)

Resolved-This is acceptable. - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. - Buyer-04/28/2025

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Loan Discount fee increased on Initial CD from $17,280 to $23,616 without a COC. - Due Diligence Vendor-04/24/2025

Resolved-This is acceptable. - Due Diligence Vendor-04/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3953930

XXXXXX-2025-NQM3-425

Closed

50001252-Fees-Limited

2025-04-24 12:11

2025-04-28 14:34

Resolved

1 - Information

Compliance

TRID Tolerance

Insufficient Change of Circumstance (50001252)

Resolved-This is acceptable. - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. - Buyer-04/28/2025

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Missing COC showing Discount fee increasing to $23,616. - Due Diligence Vendor-04/24/2025

Resolved-This is acceptable. - Due Diligence Vendor-04/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3953928

XXXXXX-2025-NQM3-425

Closed

FCOM4028

2025-04-24 10:03

2025-04-25 06:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/25/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/24/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3952224

XXXXXX-2025-NQM3-426

Closed

FCOM4028

2025-04-24 09:57

2025-04-28 14:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3952123

XXXXXX-2025-NQM3-427

Closed

FCOM4028

2025-04-24 10:26

2025-04-28 15:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/24/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3952532

XXXXXX-2025-NQM3-428

Closed

2260

2025-04-25 13:44

2025-04-28 13:55

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments no prepay - Due Diligence Vendor-04/28/2025

Ready for Review-As per lock, there is an adjustment for PPP 0 - Buyer-04/28/2025

Open-confirm no prepayment - Due Diligence Vendor-04/25/2025

Resolved-resolved with lender comments no prepay - Due Diligence Vendor-04/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3967681

XXXXXX-2025-NQM3-428

Closed

FCOM4028

2025-04-24 11:14

2025-04-28 13:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/28/2025

Ready for Review-File was recently closed,recorded mortgage is not available yet - Buyer-04/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/24/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3953129

XXXXXX-2025-NQM3-428

Closed

FCOM3075

2025-04-24 11:36

2025-04-28 13:54

Resolved

1 - Information

Compliance

Missing Doc

Missing US Patriot Act Disclosure or the document is incomplete

Resolved-form now present and signed - Due Diligence Vendor-04/28/2025
Ready for Review-Document Uploaded. Please review uploaded [Redacted] acct. - Buyer-04/28/2025
Open-Patriot Act Disclosure is 'Partial (Not Signed)'. Missing US Patriot Act Disclosure or the document is incomplete. Provided Patriot Act Disclosure on page #341 is incomplete & Not Signed - Due Diligence Vendor-04/24/2025

Resolved-form now present and signed - Due Diligence Vendor-04/28/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3953450

XXXXXX-2025-NQM3-429

Closed

FCRE0360

2025-04-24 12:37

2025-04-29 12:15

Resolved

1 - Information

Credit

Borrower

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Resolved-fully executed and dated form now present (date preparer completed VOM is now filled in ) - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. Please review uploaded VOM - Buyer-04/29/2025

Counter-not the date requested, that is good. we need the date it was completed at bottom of form by Landlord/Lender - Due Diligence Vendor-04/28/2025

Ready for Review-The VOM is dated 03/18/2025 (refer to top right corner of the page 287) - Buyer-04/28/2025

Open- - VOM (page 287) is not dated. - Due Diligence Vendor-04/24/2025

Resolved-fully executed and dated form now present (date preparer completed VOM is now filled in ) - Due Diligence Vendor-04/29/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3954414

XXXXXX-2025-NQM3-429

Closed

FCOM4028

2025-04-24 12:04

2025-04-25 13:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3953865

XXXXXX-2025-NQM3-429

Closed

FVAL5524

2025-04-24 12:37

Waived

2 - Non-Material

Property

Ineligible Property

Waived- - lender granted exception for Property is manufactured and Location is rural - page 392 - Due Diligence Vendor-04/24/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3954402

XXXXXX-2025-NQM3-430

Closed

FCOM4028

2025-04-25 14:03

2025-04-28 14:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3967933

XXXXXX-2025-NQM3-430

Closed

FCRE3742

2025-04-25 14:47

Waived

2 - Non-Material

Credit

Eligibility

Loan Amount does not meet eligibility requirement(s)

Waived-$[Redacted] loan amount.
Pg. 369
- Due Diligence Vendor-04/25/2025

Compensating Factors
DTI >=10% lower than loan program, 10 years or more in the same line of employment, No consumer late payments in the last 24 months,
Reserves >6 months
Credit Decision
Status & Date of Decision Approved With Conditions 01/29/2025 0.25 to price, 75% LTV max

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3968639

XXXXXX-2025-NQM3-431

Closed

FCOM2340

2025-04-25 08:02

2025-05-01 12:15

Resolved

1 - Information

Compliance

TRID

CD: General Form Requirements Not Met

Resolved-legible copy of CD now present - Due Diligence Vendor-05/01/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-05/01/2025

Open-Page 15 - Loan calculations table is illegible in file (blank) - Due Diligence Vendor-04/25/2025

Resolved-legible copy of CD now present - Due Diligence Vendor-05/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3962355

XXXXXX-2025-NQM3-431

Closed

FCOM4028

2025-04-25 07:42

2025-04-28 14:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3962121

XXXXXX-2025-NQM3-432

Closed

FCRE7347

2025-04-25 12:14

2025-05-23 06:02

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-leases now present - Due Diligence Vendor-05/23/2025
Ready for Review-Document Uploaded. - Buyer-05/22/2025
Open- - missing lease agreements for [Redacted] . - Due Diligence Vendor-04/25/2025

Resolved-leases now present - Due Diligence Vendor-05/23/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3966301

XXXXXX-2025-NQM3-432

Closed

FCOM4028

2025-04-25 11:06

2025-04-28 14:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3965284

XXXXXX-2025-NQM3-433

Closed

FCOM4028

2025-04-25 06:29

2025-04-28 14:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3961274

XXXXXX-2025-NQM3-433

Closed

FCRE9806

2025-04-25 07:25

Waived

2 - Non-Material

Credit

Eligibility

Other Credit Finding

Waived-Page 723 - Exception to permit close in [Redacted] which is a wholly owned subsidiary of [Redacted]. - Due Diligence Vendor-04/25/2025

Revolving debt under 30%, No credit events past 40 months, No mortgag elates last 24 months, 5+ yrs credit history,LTV > 10% below program maximum, Credit Score > 40 points above program minimum, Reserves > 6 months.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3961850

XXXXXX-2025-NQM3-433

Closed

FVAL7199

2025-04-25 07:23

Waived

2 - Non-Material

Property

Appraisal

Appraisal Expired

Waived-Page 722 - permit expired appraisal with update in lieu of getting additional URAR. - Due Diligence Vendor-04/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3961829

XXXXXX-2025-NQM3-433

Closed

FVAL9739

2025-04-25 07:22

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Exception page 721 - >25% of units owned by single entity - Due Diligence Vendor-04/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3961809

XXXXXX-2025-NQM3-434

Closed

FCOM4028

2025-04-25 09:12

2025-04-25 14:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3963397

XXXXXX-2025-NQM3-435

Closed

FCOM3605

2025-04-24 17:17

2025-04-30 09:27

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof CD sent electronically now present - Due Diligence Vendor-04/30/2025

Ready for Review-Document Uploaded. Please see attached Revised CD with eSign Certificate on the last page confirming that CD was sent electronically to the borrower - Buyer-04/29/2025

Open-Provide evidence that Revised Closing Disclosure issued on 04/18/25 was sent electronically to the borrower - Due Diligence Vendor-04/24/2025

Resolved-proof CD sent electronically now present - Due Diligence Vendor-04/30/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3958007

XXXXXX-2025-NQM3-435

Closed

FCOM4028

2025-04-24 15:23

2025-04-28 15:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/24/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3957048

XXXXXX-2025-NQM3-435

Closed

FCRE1200

2025-04-24 16:57

2025-04-25 11:20

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Minimum Loan Amount is [Redacted]
*Exception form is provided to allow Loan Amount $[Redacted]
*Approved Conditions : 0.25 to price
*Exception form is on page #344 of 468 - Due Diligence Vendor-04/24/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3957925

XXXXXX-2025-NQM3-436

Closed

FCOM4028

2025-04-25 07:15

2025-04-28 15:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3961748

XXXXXX-2025-NQM3-437

Closed

FCOM4028

2025-04-25 09:13

2025-04-28 15:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/25/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-04/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3963499

XXXXXX-2025-NQM3-437

Closed

FVAL5474

2025-04-25 11:03

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived--As per guide if property type is condotel then full Separate bedroom is compulsory.
-Exception from provided to proceed with loan as Subject property does not have any separate bedroom
-Approved Condition :- [Redacted] Max & 0.25 to price
-Exception form on pg. no 269 of 381 - Due Diligence Vendor-04/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3965238

XXXXXX-2025-NQM3-438

Closed

FPRO1249

2025-04-25 15:07

2025-05-13 07:31

Waived

2 - Non-Material

Property

Neighborhood Location Not Allowed for Program

Waived-Does not meet build up characteristics required for rural area, waiver provided - Neighborhood area built-up under 25%

- Due Diligence Vendor-05/13/2025

Ready for Review-Document Uploaded. Please see attached PC Exception - Seller-05/12/2025

Counter-disagree. Guidelines clearly state: Mortgage originate rural and agricultural properties with the following limitations: • The neighborhood area must be at least 25% built-up - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached clarification provided by UW 1 - Seller-05/01/2025

Open-As per SFR rural guide, the neighborhood area must be at least 25% built-up. As per appraisal on page #12 of 332 the neighborhood area built-up is under 25%- Not meeting guide. - Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. Please see attached PC Exception - Seller-05/12/2025

Ready for Review-Document Uploaded. Please see attached clarification provided by UW 1 - Seller-05/01/2025

Waived-Does not meet build up characteristics required for rural area, waiver provided - Neighborhood area built-up under 25%

- Due Diligence Vendor-05/13/2025

Revolving debt is under 30%, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Post-Close

Yes

3968851

XXXXXX-2025-NQM3-438

Closed

FCRE1500

2025-04-25 14:40

2025-05-02 07:56

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than $0

Resolved-Liquid Funds Post Close are $248556.09 - Due Diligence Vendor-05/02/2025
Ready for Review-Document Uploaded. Please see attached Bank statement - Buyer-05/01/2025
Open-Liquid Funds Post Close are less than $0 Total Assets available $0, Required $41,016.46= shortage $41,016.46. Need additional 1 month of liquid asset statement.
NOTE: Not Considered [Redacted] statement available on page #50 of 332 as the statement end date is of Jan 2024. - Due Diligence Vendor-04/25/2025

Resolved-Liquid Funds Post Close are $248556.09 - Due Diligence Vendor-05/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3968572

XXXXXX-2025-NQM3-438

Closed

FCRE1501

2025-04-25 14:40

2025-05-02 07:56

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Resolved-Total Qualified Assets for Reserves Post-Close of $248556.09 is equal to or greater than Total Required Reserve Amount of $3233.94 - Due Diligence Vendor-05/02/2025
Ready for Review-Document Uploaded. Please see attached bank statement - Buyer-05/01/2025
Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $3233.94 3 months reserves $3,233.94 ($1,077.98*3), Available $0 = Shortage $3,233.94. Need additional 1 month of asset statement.
NOTE: Not Considered [Redacted] statement available on page #50 of 332 as the statement end date is of Jan 2024.
- Due Diligence Vendor-04/25/2025

Resolved-Total Qualified Assets for Reserves Post-Close of $248556.09 is equal to or greater than Total Required Reserve Amount of $3233.94 - Due Diligence Vendor-05/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3968573

XXXXXX-2025-NQM3-438

Closed

FCRE1995

2025-04-25 15:05

2025-05-01 12:16

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, lender backed out EMD - Due Diligence Vendor-05/01/2025
Ready for Review-Document Uploaded. $10,000 EMD was backed out - Seller-04/30/2025
Open-EMD $10,000 withdrawal and receipt proof both are missing in file.
NOTE: Lender had backed out EMD from [Redacted] statement available on page #50 of 332 not considered as the statement date is of Jan 2024.
- Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. $10,000 EMD was backed out - Seller-04/30/2025

Resolved-resolved with lender comments, lender backed out EMD - Due Diligence Vendor-05/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3968835

XXXXXX-2025-NQM3-438

Closed

FCOM4028

2025-04-25 13:19

2025-04-29 14:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3967346

XXXXXX-2025-NQM3-439

Closed

FCRE6843

2025-04-28 09:55

2025-05-09 08:43

Resolved

1 - Information

Credit

Assets

Asset General

Resolved-Wire confirm received. - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. Please see attached docs provided by the Settlement agent as confirmation of donor gift transfer - Buyer-05/08/2025

Open-missing proof donor gift transferred to title, need wire copy - Due Diligence Vendor-04/28/2025

Resolved-Wire confirm received. - Due Diligence Vendor-05/09/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3980605

XXXXXX-2025-NQM3-439

Closed

FCOM4028

2025-04-28 06:57

2025-04-29 10:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3977564

XXXXXX-2025-NQM3-440

Closed

FCRE5116

2025-04-28 11:27

2025-05-06 05:32

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-lender is using the most recent statement along with the bank statements to show paid on time.  This finding is considered resolved. - Due Diligence Vendor-05/06/2025
Ready for Review-Document Uploaded. Borrower purchased the primary property on 11/27/2024 with LA $[Redacted], please see the notice of ownership of mortgage, along with Bank statement verifying payment. Please see also February and March Mortgage Statements showing the same amount as well. - Seller-05/06/2025
Counter-need pay history.  this statement shows that YTD principle, that 3 payments would have been made.  We only have proof 1 payment made.  Need either a pay history or a VOM as again more than 1 payment has been made but no pay history - Due Diligence Vendor-05/05/2025
Ready for Review-Document Uploaded. Primary is a new Mortage of 03/2025. One Mortgage statement is on file. - Buyer-05/02/2025
Counter-please review credit report.  You will see there is only 1 mtg history reporting.  Borrower has 2 open mtgs. The one for the primary residence doesnt appear to be reported.  we need both mortgage histories.  if in file, please advise where the other 12 months is reported. - Due Diligence Vendor-05/01/2025
Ready for Review-Document Uploaded. Please see the Mortgage Statement for investment [Redacted]. - Buyer-05/01/2025
Counter-if this is the primary then the investment property is the VOM missing.  Borrower has 2 financed properties but only  1 mtg reported on credit.  need other VOM - Due Diligence Vendor-04/30/2025
Ready for Review-Document Uploaded. Please find LOX from Borrower, Mortgage Statement, taxes and insurance. - Buyer-04/29/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. missing VOM for primary mtg of $3752/ mon - Due Diligence Vendor-04/28/2025

Ready for Review-Document Uploaded. Borrower purchased the primary property on 11/27/2024 with LA $[Redacted], please see the notice of ownership of mortgage, along with Bank statement verifying payment. Please see also February and March Mortgage Statements showing the same amount as well. - Seller-05/06/2025

Resolved-lender is using the most recent statement along with the bank statements to show paid on time. This finding is considered resolved. - Due Diligence Vendor-05/06/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3981966

XXXXXX-2025-NQM3-440

Closed

FCOM4028

2025-04-28 10:45

2025-04-29 11:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3981317

XXXXXX-2025-NQM3-440

Closed

FVAL5524

2025-04-28 11:47

Waived

2 - Non-Material

Property

Ineligible Property

Waived-GLA under 500 sq and fair condition. See comments.
Comments Per underwriting: Subject property Guideline Minimum Loan Amount isGLA is less then 500 sq. ft. and Subject property condition is Fair
Low LTV and great credit.
- Due Diligence Vendor-04/28/2025

Waived-GLA under 500 sq and fair condition. See comments.
Comments Per underwriting: Subject property Unit 2 GLA is less then 500 sq. ft. and Subject property condition is Fair
Low LTV and great credit.
- Due Diligence Vendor-04/28/2025

Revolving debt is under 30%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, 10 years or more in
the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history,
No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required
Pg. 361

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3982318

XXXXXX-2025-NQM3-441

Closed

FCOM4028

2025-04-25 08:45

2025-04-29 11:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3962945

XXXXXX-2025-NQM3-442

Closed

FCOM4028

2025-04-25 12:45

2025-04-29 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3966826

XXXXXX-2025-NQM3-443

Closed

FCOM4028

2025-04-28 14:37

2025-04-29 11:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3985097

XXXXXX-2025-NQM3-444

Closed

FCOM4028

2025-04-26 07:13

2025-04-29 13:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3971687

XXXXXX-2025-NQM3-445

Closed

FCOM4028

2025-04-25 10:15

2025-04-29 13:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3964522

XXXXXX-2025-NQM3-445

Closed

FCRE1228

2025-04-25 11:28

2025-04-29 12:20

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Exception on page 13

8 NSF within 12 month period- this exceeds max NSF charges allowed for program. 5+ years credit history, no credit events, requesting to proceed please.

Approved with conditions of [Redacted] max, 0.25 to price - Due Diligence Vendor-04/25/2025

DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3965616

XXXXXX-2025-NQM3-446

Closed

FCOM4028

2025-04-25 14:19

2025-04-29 12:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3968183

XXXXXX-2025-NQM3-447

Closed

FCOM4028

2025-04-28 08:29

2025-04-29 12:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3978841

XXXXXX-2025-NQM3-448

Closed

FCOM4028

2025-04-28 07:39

2025-04-29 11:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3978102

XXXXXX-2025-NQM3-448

Closed

FVAL9739

2025-04-28 09:07

2025-04-29 11:44

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-waiver for ineligible use of property (commercial use is not allowed)
daycare by the tenant

Approved with conditions of [Redacted] max and 0.25 to price - Due Diligence Vendor-04/28/2025

No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3979489

XXXXXX-2025-NQM3-449

Closed

FCOM4028

2025-04-27 08:10

2025-04-29 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3974076

XXXXXX-2025-NQM3-450

Closed

FCOM4028

2025-04-25 15:39

2025-04-30 16:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3969257

XXXXXX-2025-NQM3-451

Closed

FCRE9991

2025-04-28 14:15

2025-05-09 08:37

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-With debts removed due to payoff, dti in line. - Due Diligence Vendor-05/09/2025
Ready for Review-Three of account reflected in section 2c. of 1003 marked as "To be paid off at closing". Amounts to paid off those acc reflected in addendum to final CD (page 6 of 6 of final CD). So, non-mortgage debt is $651, and DTI was calculated from our side correctly. - Buyer-05/09/2025
Counter-All other debts total $1893 and this matches final 1003, not $651. Finding is valid. - Due Diligence Vendor-05/01/2025
Ready for Review- The system is correct. Income is $[Redacted]. Debts are $3,616.42 for subject mortgage, $1,228 for REO second home mortgage and $651 for all other debts. $5,495.42 total debt/$[Redacted]=[Redacted]% DTI which is what the system has.

In your calculation total debts are wrong. - Buyer-04/30/2025
Open-DTI is 60.67 which does not meet. Lender didnt include the second home payment of $1228 (11105.84 income / 3616.41 pitia+ $3121 (debts from credit including the $1228 mtg)= 60.67% - Due Diligence Vendor-04/28/2025

Resolved-With debts removed due to payoff, dti in line. - Due Diligence Vendor-05/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3984819

XXXXXX-2025-NQM3-451

Closed

FCOM4028

2025-04-28 12:46

2025-04-29 13:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3983411

XXXXXX-2025-NQM3-452

Closed

FCOM4028

2025-04-26 08:23

2025-04-29 14:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3971882

XXXXXX-2025-NQM3-453

Closed

FCRE1212

2025-04-28 14:12

2025-05-09 08:28

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-Received lead base paint disclosure - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. the signed form lead paint disclosure attached - Buyer-05/08/2025

Open-Purchase contract has not been fully provided Borrower signature is missing on provided lead based paint disclosure on page #650.
Note :- Borrower signed on seller's section instead of Purchaser section - Due Diligence Vendor-04/28/2025

Resolved-Received lead base paint disclosure - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3984792

XXXXXX-2025-NQM3-453

Closed

FCOM4028

2025-04-28 12:15

2025-04-30 15:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3982900

XXXXXX-2025-NQM3-453

Closed

FVAL5474

2025-04-28 14:16

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Single entity ownership - As per Guide projects with 21 or more units – Single entity can own 25%
Exception form provided to allow Single entity ownership 40%
Exception form page #620
Approved Conditions : [Redacted] Max & 0.25 to price - Due Diligence Vendor-04/28/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3984830

XXXXXX-2025-NQM3-454

Closed

FCOM4028

2025-04-28 10:06

2025-04-29 14:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3980784

XXXXXX-2025-NQM3-455

Closed

FCRE1437

2025-04-28 08:06

2025-05-05 07:42

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-resolved with lender comments. Borrower history is acceptable as she is recent immigrant. - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. The borrower is a recent immigrant, and according to the CPA letter she started to work on 4/16/24. Per the 1099 program, only 1 year of 1099 is required. - Buyer-05/02/2025

Open-Income and Employment Do Not Meet Guidelines B2 only has a 1 year work history. - Due Diligence Vendor-04/28/2025

Resolved-resolved with lender comments. Borrower history is acceptable as she is recent immigrant. - Due Diligence Vendor-05/05/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3978480

XXXXXX-2025-NQM3-455

Closed

FCOM4028

2025-04-28 07:27

2025-04-30 15:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3977932

XXXXXX-2025-NQM3-456

Closed

FCOM4028

2025-04-28 12:23

2025-04-29 14:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/29/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

3983028

XXXXXX-2025-NQM3-456

Closed

FCRE1228

2025-04-28 13:42

2025-04-29 14:02

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Borrower had 4 nsf which does not meet guidelines. Lender provided and Exception on page 433 to allow the NSF

Looking for exception on 4 NSF

Approved with conditions of 0.25 to price - Due Diligence Vendor-04/29/2025

5 years on current job, No credit events past 40 months, 5+ years credit history, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3984302

XXXXXX-2025-NQM3-457

Closed

FCOM4028

2025-04-28 15:20

2025-05-01 11:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3985553

XXXXXX-2025-NQM3-457

Closed

FCRE1158

2025-04-29 07:54

2025-04-30 09:03

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived-Insurance - As per Guide policies written on an actual cash value basis are not acceptable.
Exception form provided to allow allow ACV coverage
Exception form page #337 of 460
Approved Conditions : 0.25 to price, [Redacted] max - Due Diligence Vendor-04/29/2025

5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3991453

XXXXXX-2025-NQM3-458

Closed

FCOM4028

2025-04-28 08:47

2025-04-30 14:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3979167

XXXXXX-2025-NQM3-459

Closed

FCOM4028

2025-04-28 10:01

2025-04-30 15:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3980696

XXXXXX-2025-NQM3-460

Closed

FCOM4028

2025-04-28 12:38

2025-04-30 15:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3983309

XXXXXX-2025-NQM3-461

Closed

FCOM4028

2025-04-28 07:33

2025-04-30 16:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

3978024

XXXXXX-2025-NQM3-462

Closed

FCRE1964

2025-04-28 12:18

2025-05-14 04:16

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-all pages of statement are now present and missing page is present - Due Diligence Vendor-05/14/2025
Ready for Review-Document Uploaded. Please see full [Redacted]statement provided by the Broker - Buyer-05/14/2025
Open-Asset [Redacted] considered for income, available on page#65 of 539 pages are missing.
Note: From pg.#5 to Pg.#24 all pages needed. - Due Diligence Vendor-04/28/2025

Resolved-all pages of statement are now present and missing page is present - Due Diligence Vendor-05/14/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3982956

XXXXXX-2025-NQM3-462

Closed

FCRE7805

2025-04-29 10:28

2025-05-05 07:58

Resolved

1 - Information

Credit

Missing Doc

Missing Income - Bank Statements

Resolved-Dec statement for asset calculation is now present - Due Diligence Vendor-05/05/2025
Ready for Review-Document Uploaded. Please see attached Bank statement - Buyer-05/02/2025
Open-[Redacted] need bank statement for the month of 12/25 to complete 4 month seasoning as only 3 months assets are provided, refer page #107,145,81 of 539. - Due Diligence Vendor-04/29/2025

Resolved-Dec statement for asset calculation is now present - Due Diligence Vendor-05/05/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3993974

XXXXXX-2025-NQM3-462

Closed

FCOM4028

2025-04-28 09:43

2025-04-30 16:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/28/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-04/30/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3980409

XXXXXX-2025-NQM3-462

Closed

FVAL5474

2025-04-28 12:17

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, At least 75% of the total units in the subject property must be sold.
*Exception form is provided to allow only 55 of 382 units are sold.
*Approved Conditions: 0.125 to price
*Exception form is on page #450 of 539 - Due Diligence Vendor-04/28/2025

Revolving debt is under 30%, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3982933

XXXXXX-2025-NQM3-463

Closed

27830-33820

2025-04-29 10:15

2025-05-14 07:08

Resolved

1 - Information

Compliance

Broker:LimitFees

Tennessee - Max Broker Fees (RLBSA)

Resolved-Lenders fees are consistent and reasonable therefore finding is not applicable. - Due Diligence Vendor-05/14/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Compliance. This is a first lien federally related residential mortgage loan, and our fees are consistent fair and reasonable. Even though the code states that 2% is reasonable it does not limit to it. Also state limitations are not applicable per DIDMCA ([Redacted] has not opted out). - Due Diligence Vendor-05/14/2025
Open-The total of all fees paid by the borrower to the broker ([Redacted]) exceeds 2% of the loan amount ($[Redacted]). The [Redacted] Residential Lending, Brokerage, and Servicing Act limits the brokerage commission to 2% of the loan amount. Brokerage commissions include all fees paid to parties for services performed in the origination and placement of mortgage loans with third party lenders, whether the loans are closed directly in the name of the lender or in the name of another party with the intention to sell and transfer the loan; provided such sale or transfer is completed within one year from closing. ([Redacted]. Code Ann. 47-14-113(c); [Redacted] ADC 0180-17-.07(2)) The total of all fees paid by the borrower to the broker ([Redacted]) exceeds 2% of the loan amount ($[Redacted]). Lender credit of $500.00 was applied to the Mortgage Broker Fee and is not enough to cover the difference to pass the State of [Redacted] 2% max Broker fee testing. - Due Diligence Vendor-04/29/2025

Resolved-Lenders fees are consistent and reasonable therefore finding is not applicable. - Due Diligence Vendor-05/14/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3993834

XXXXXX-2025-NQM3-463

Closed

FCOM4028

2025-04-29 06:49

2025-04-30 15:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3990634

XXXXXX-2025-NQM3-464

Closed

FCRE9991

2025-04-29 07:24

2025-04-30 14:26

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DSCR score now matches - Due Diligence Vendor-04/30/2025

Ready for Review-Document Uploaded. - Buyer-04/30/2025

Open-Lenders DSCR is 0.74 (using the 1007 Rent of $2,700), However, this does not meet minimum 0.75 required for a FTHB. Should be 0.818 using [Redacted] short term rent. 47,600 x 75% = $35,700 / 12 = $2,975 Rent. PITI matches at $3,634.73. Adjusted rent $2,975 / PITI of $3,634.73 = .818%. - Due Diligence Vendor-04/29/2025

Resolved-DSCR score now matches - Due Diligence Vendor-04/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3990959

XXXXXX-2025-NQM3-464

Closed

FCOM4028

2025-04-29 06:35

2025-04-29 14:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3990476

XXXXXX-2025-NQM3-465

Closed

FCOM4028

2025-04-28 14:24

2025-04-30 13:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

3984937

XXXXXX-2025-NQM3-466

Closed

FCRE5275

2025-04-28 15:32

2025-05-02 08:10

Resolved

1 - Information

Credit

Eligibility

Asset do not meet guidelines

Resolved-Gift is now fully documented.  - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded.  - Buyer-05/02/2025

Open- - missing gift funds wire/check for $13,000 received at title.  - Due Diligence Vendor-04/28/2025

Resolved-Gift is now fully documented. - Due Diligence Vendor-05/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3985654

XXXXXX-2025-NQM3-466

Closed

123ABH

2025-04-28 14:07

2025-05-02 08:10

Resolved

1 - Information

Compliance

Missing Doc

Missing Toolkit Disclosure/Booklet

Resolved-Tool kit is now present - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-Homeowner Toolkit is missing - Due Diligence Vendor-04/28/2025

Resolved-Tool kit is now present - Due Diligence Vendor-05/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3984718

XXXXXX-2025-NQM3-466

Closed

FCOM4028

2025-04-28 14:01

2025-04-29 05:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3984594

XXXXXX-2025-NQM3-466

Closed

FCRE7805

2025-04-28 15:33

Waived

2 - Non-Material

Credit

Missing Doc

Missing Income - Bank Statements

Waived- - lender granted exception for non-borrower on bank statements - page 424 - Due Diligence Vendor-04/28/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, 5 years on current job

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

3985664

XXXXXX-2025-NQM3-467

Closed

FCRE9650

2025-04-29 14:48

2025-05-09 08:24

Resolved

1 - Information

Credit

Missing Doc

Missing Lead Paint Disclosure on properties built before January 1, 1978.

Resolved-Lead base paint disclosure received - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. Please see attached Lead Based Paint Disclosure - Buyer-05/08/2025

Open-Lead Based Paint Disclosure is 'Missing'. Missing Lead Paint Disclosure on properties built on or before December 31, 19767. Lead Based Paint Disclosure is 'Missing' in File
Note: Built year [Redacted] , refer pg.# 45 of 381 and per guide on Purchase home this document is mandate. - Due Diligence Vendor-04/29/2025

Resolved-Lead base paint disclosure received - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3998216

XXXXXX-2025-NQM3-467

Closed

FCOM4028

2025-04-29 14:36

2025-05-01 06:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

3998086

XXXXXX-2025-NQM3-467

Closed

FVAL5524

2025-04-29 16:13

Waived

2 - Non-Material

Property

Ineligible Property

Waived-As per guide, Gross living area < 500 square feet is an Ineligible Property type.
*Exception is provided to allow gross living area of unit #2 is less than 500 sq ft.
*Approved Conditions: 0.5 to price, DSCR>1.4 required
*Exception form is on page #73 of 108 - Due Diligence Vendor-04/29/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, DSCR is over 1.5. BPO supports the value.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3998926

XXXXXX-2025-NQM3-467

Closed

FVAL3867

2025-04-29 16:11

Waived

2 - Non-Material

Property

Property is Mixed Use

Waived-As per guide, For Mixed use property More than 2 vacancies not allowed.
*Exception form is provided to allow more than 2 vacant units in Mixed-Use property
*Approved Conditions: 0.5 to price, DSCR>1.4 required
*Exception form is on page #73 of 108
- Due Diligence Vendor-04/29/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, DSCR is over 1.5. BPO supports the value.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

3998918

XXXXXX-2025-NQM3-468

Closed

50001251-Fees-Limited

2025-04-29 09:30

2025-05-02 11:52

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That Cannot Increase Test (50001251)

Resolved- - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Points - Loan Discount Fee in the amount of $8,262 was added to the Final CD dated 04-25-2025.COC is missing in file. - Due Diligence Vendor-04/29/2025

Resolved- - Due Diligence Vendor-05/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3993100

XXXXXX-2025-NQM3-468

Closed

FCOM4028

2025-04-28 16:02

2025-05-01 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3985972

XXXXXX-2025-NQM3-469

Closed

FCRE1158

2025-04-29 08:27

2025-05-09 08:26

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received insurance policy - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. Please see attached revised HO3 with deductibles - Buyer-05/08/2025

Counter-do not see all perils deductible - please advise where its located or provide - Due Diligence Vendor-05/06/2025

Ready for Review-Document Uploaded. Please see attached policy declarations - Buyer-05/05/2025

Open-Hazard Insurance Policy Partially Provided Insurance deductible amount is missing refer page #401 - Due Diligence Vendor-04/29/2025

Resolved-Received insurance policy - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3991937

XXXXXX-2025-NQM3-469

Closed

FCOM4028

2025-04-28 16:10

2025-05-01 13:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/01/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3986059

XXXXXX-2025-NQM3-470

Closed

FCOM4028

2025-04-29 06:16

2025-04-30 14:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/29/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3990327

XXXXXX-2025-NQM3-471

Closed

FCOM4028

2025-04-29 07:50

2025-04-30 15:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

3991399

XXXXXX-2025-NQM3-472

Closed

FCOM4028

2025-04-29 09:02

2025-05-01 11:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3992407

XXXXXX-2025-NQM3-472

Closed

FVAL2242

2025-04-29 12:12

2025-05-01 11:44

Waived

2 - Non-Material

Property

Property is Manufactured Housing

Waived-Manufactured home - As per Guide The manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit.
Exception form provided to allow MFR + ADU mfr as well
Exception form page #16 of 204
Approved Conditions : max LA [Redacted], 0.25 to price - Due Diligence Vendor-04/29/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, LTV 10% below maximum

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

3995698

XXXXXX-2025-NQM3-473

Closed

FCOM4028

2025-04-30 08:27

2025-05-01 12:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4003349

XXXXXX-2025-NQM3-474

Closed

FCOM4028

2025-04-30 11:08

2025-05-01 12:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4006404

XXXXXX-2025-NQM3-475

Closed

FCOM4028

2025-04-29 12:19

2025-04-30 15:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-04/30/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/29/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

3995852

XXXXXX-2025-NQM3-476

Closed

FCRE1479

2025-04-30 15:48

2025-05-06 10:03

Resolved

1 - Information

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Resolved-lender provided proof that borrower is on joint account. - Due Diligence Vendor-05/06/2025
Ready for Review-Document Uploaded. Please see attached exception allowed to us assets from joint account [Redacted] Acc# [Redacted] also husband and wife both are on title vesting and wife (borrower) recently added on bank account so new statement not available yet. EMD paid from [Redacted] Acc #[Redacted] account owner [Redacted] (Husband) on Title. - Buyer-05/05/2025
Open-Asset Record 1 Does Not Meet G/L Requirements Account does not have borrower name listed. Borrower has to be listed as asset owner, once proof borrower is on account is provided, exception on page 396 for joint acct is no longer needed - Due Diligence Vendor-04/30/2025

Resolved-lender provided proof that borrower is on joint account. - Due Diligence Vendor-05/06/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4009951

XXXXXX-2025-NQM3-476

Closed

FCOM4028

2025-04-30 13:47

2025-05-06 10:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/06/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-05/05/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4008818

XXXXXX-2025-NQM3-476

Closed

FCRE1168

2025-04-30 16:00

Waived

2 - Non-Material

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Waived-exception because insurance does not have replacement cost, its on cash value of home
Insurance Dwelling is on ACV
Comments Please provide approved exception insurance dwelling is on the base of ACV instead of RCE
Pg 397 - Due Diligence Vendor-04/30/2025

Compensating Factors
No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months
Credit Decision
Status & Date of Decision Approved With Conditions 04/25/2025 75% cltv, 0.25 to price

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4009989

XXXXXX-2025-NQM3-476

Closed

FCRE1491

2025-04-30 15:48

2025-04-30 15:50

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Asset Qualification Does Not Meet Guideline Requirements exception because EMD didnt come from borrower account. Borrower’s Assets
Short Description Assets using from joint account & EMD paid husband account
Comments Please provide approved exception we are using assets from joint account [Redacted] also
husband and wife both are on title vesting and wife (borrower) recently added on bank account so new
statement not available yet. EMD paid from [Redacted] account owner [Redacted] (Husband)
on Title.
Pg. 396 - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4009952

XXXXXX-2025-NQM3-477

Closed

FCRE9991

2025-04-29 14:28

2025-05-05 09:06

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated DSCR score present and now matches - Due Diligence Vendor-05/05/2025

Ready for Review-Rent is $1,635 from contract and 1007. $1,635/$1,122.45 = 1.456 - Buyer-05/05/2025

Counter-DSCR still does not match.  TPR has 1.529 using $1716.75 from lease and PITIA matches lender.  need tape fixed.  Unclear how lender calculated DSCR of 1.456  - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded.  - Buyer-05/02/2025

Open-DSCR score is off by 0.579%. Lender's score: 2.138
-Document in file 1007 & lease Pg. no 67,253 of 304 rent $1,750 & $ 1716.75.00 (1635*5%).  1008 reads $2,400.
-No other rent document in file to support lender's income. PITIA matches.
-DSCR score should be Rent $1,750/ PITI $1,122.45 = 1.559
Note: per lease term sheet Rent $1635*5% per term clause above is considered $1716.75. Considered the highest rent still not matching. - Due Diligence Vendor-04/29/2025

Resolved-updated DSCR score present and now matches - Due Diligence Vendor-05/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3998005

XXXXXX-2025-NQM3-477

Closed

FCRE8459

2025-04-29 15:15

2025-05-02 08:18

Resolved

1 - Information

Credit

Eligibility

Borrower Entity Ownership does not meet guidelines

Resolved-proof borrower owns LLC that is in title is now present. seasoning met. - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-Need Article of incorporation or Operating agreement to verify business entity ownership considered for vesting. - Due Diligence Vendor-04/29/2025

Resolved-proof borrower owns LLC that is in title is now present. seasoning met. - Due Diligence Vendor-05/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3998521

XXXXXX-2025-NQM3-477

Closed

FCOM4028

2025-04-29 12:07

2025-05-01 15:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

3995602

XXXXXX-2025-NQM3-478

Closed

FCOM4028

2025-04-30 10:24

2025-05-01 13:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4005738

XXXXXX-2025-NQM3-479

Closed

FCOM4028

2025-04-30 07:50

2025-05-01 11:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4002811

XXXXXX-2025-NQM3-480

Closed

FCOM4028

2025-04-30 07:21

2025-05-01 12:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4002388

XXXXXX-2025-NQM3-480

Closed

FCRE1437

2025-04-30 08:08

2025-05-01 11:51

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Guideline requires all parties on personal accounts to be on loan. This does not meet guides. 11 bank statements from a joint account (borrower and co-borrower). 1 bank statement from a joint account (borrower and his mother). The income on bank statements is only from [Redacted]. Cannot wait for 12 months from the same account available due to expiring purchase contract - Due Diligence Vendor-04/30/2025

5 yrs current job, Residual income > $3,000, DTI > 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4003070

XXXXXX-2025-NQM3-481

Closed

FCRE1174

2025-05-01 16:05

2025-05-06 10:05

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Waiver for excessive flood deductible. - Due Diligence Vendor-05/06/2025

Ready for Review-Document Uploaded. Please see attached exception form for this issue - Buyer-05/05/2025

Open-exception because flood deductible exceeds max allowed. Need exception as flood deductible for Master exceeds $25,000. Pg 371 - Due Diligence Vendor-05/01/2025

Waived-Waiver for excessive flood deductible. - Due Diligence Vendor-05/06/2025

Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the
last 24 months

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4022007

XXXXXX-2025-NQM3-481

Closed

FCOM4028

2025-05-01 14:50

2025-05-02 14:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4021256

XXXXXX-2025-NQM3-482

Closed

FCRE1212

2025-05-01 11:31

2025-05-09 08:20

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-Accept Lender explanation of seller concessions. - Due Diligence Vendor-05/09/2025

Ready for Review-For this one, there is a seller concession for $9000.00 and an additional seller concession for $7500.00. They used $14800.00 of the seller concessions as that was the IPC limit. - Buyer-05/08/2025

Open-Purchase contract has not been fully provided need addendum for seller concession of $14800 - Due Diligence Vendor-05/01/2025

Resolved-Accept Lender explanation of seller concessions. - Due Diligence Vendor-05/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4017959

XXXXXX-2025-NQM3-482

Closed

FCOM4028

2025-05-01 08:51

2025-05-02 14:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4015200

XXXXXX-2025-NQM3-482

Closed

FCRE1491

2025-05-01 11:35

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-does not meet minimum contribution for borrower as FTHB . Condition: Fully executed gift letter and acceptable evidence of transfer from the donor AND receipt of the gift funds.
Short Description Allow the rest of the money to be coming from the wife
Comments Gift letter uploaded to the doc manager. Wife will be occupying the property & will be on the title. - Due Diligence Vendor-05/01/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of
employment, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40
points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4018053

XXXXXX-2025-NQM3-482

Closed

FCRE7532

2025-05-01 11:33

Waived

2 - Non-Material

Credit

Eligibility

Qualifying Credit Score does not meet eligibility requirement(s)

Waived-exception to number of scores not met -minimum of 2 score. ITIN with 1 credit score
Pg 548 - Due Diligence Vendor-05/01/2025

Compensating Factors
Revolving debt is under 30%, DTI >=10% lower than loan program, 10 years or more in the same line of employment, No credit events
past 40 months, 5+ years credit history, No consumer late pay

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4018020

XXXXXX-2025-NQM3-483

Closed

FCOM4028

2025-04-30 12:44

2025-05-01 13:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/01/2025

Ready for Review-Condition was not rescinded by DD. Loan was made in less than 60 days - Buyer-05/01/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4008005

XXXXXX-2025-NQM3-484

Closed

FCOM3605

2025-04-30 13:33

2025-05-05 09:19

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof cd electronically sent is now present - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. - Buyer-05/02/2025

Open-Provide evidence that Initial Closing Disclosure issued on 04/18/25 was sent electronically to the borrower - Due Diligence Vendor-04/30/2025

Resolved-proof cd electronically sent is now present - Due Diligence Vendor-05/05/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4008632

XXXXXX-2025-NQM3-484

Closed

FCOM4028

2025-04-30 10:51

2025-05-01 14:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in the last 60 days - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/30/2025

Resolved-Loan closed in the last 60 days - Due Diligence Vendor-05/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4006141

XXXXXX-2025-NQM3-485

Closed

FCRE9991

2025-05-01 14:06

2025-05-05 09:20

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated score on Tape now present and DSCR score is correct - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. HOA dues added as per appraisal report
Uploaded updated tape, 1008, approval letter, lock form
- Buyer-05/02/2025

Open-DSCR score is 1.029. Lender didnt count $10/ month HOA dues. - Due Diligence Vendor-05/01/2025

Resolved-updated score on Tape now present and DSCR score is correct - Due Diligence Vendor-05/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4020678

XXXXXX-2025-NQM3-485

Closed

FCOM4028

2025-04-30 12:46

2025-05-01 14:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4008030

XXXXXX-2025-NQM3-486

Closed

FCRE1600

2025-05-01 16:31

2025-06-16 12:05

Cured

1 - Information

Credit

Title

Deed Vesting incorrect - does not properly reflect Vesting in note or other closing docs

Cured-Mortgage sciveners now present to cure vesting - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. - Buyer-06/16/2025

Counter-agree but need deed adding spouse. vesting on deed of trust is husband and wife, not a joinder. Need copy of executed deed adding spouse. - Due Diligence Vendor-05/06/2025

Ready for Review-This is an o/o [Redacted] property. - Buyer-05/06/2025

Open-Deed vesting incorrect - does not match Deed of Trust. missing deed adding spouse to title - Due Diligence Vendor-05/01/2025

Cured-Mortgage sciveners now present to cure vesting - Due Diligence Vendor-06/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4022247

XXXXXX-2025-NQM3-486

Closed

FCRE1437

2025-05-01 16:35

2025-05-05 14:29

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-resolved with lender explanation. They accept the articles of incorporation to represent 100% ownership since we do not have a CPA letter and no other names were listed as incorporator. TPR accepts this explanation and finding is resolved. - Due Diligence Vendor-05/05/2025
Ready for Review-CPA letter should not be needed here. In this case the articles list the owners, single member [Redacted] on page 2 of the articles of incorporation. Most recent filing indicates still only 1 owner. Per our guidelines this is all that is needed for ownership of the business. - Buyer-05/05/2025
Open-Income and Employment Do Not Meet Guidelines missing CPA letter to tell what % of corporation owned. Articles of incorp pg 658 only state stock issued but not how many borrower owns - Due Diligence Vendor-05/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4022297

XXXXXX-2025-NQM3-486

Closed

FCOM4028

2025-05-01 16:13

2025-05-02 14:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4022096

XXXXXX-2025-NQM3-487

Closed

FCRE1964

2025-05-01 08:15

2025-05-07 12:08

Resolved

1 - Information

Credit

Missing Doc

Missing income documentation

Resolved-CPA letter to refence borrower % owned is now present - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached revised CPA letter - Buyer-05/07/2025

Open-Per Pg.#103 there are 2 members on the business doc pg.# 103. But no ownership proof and also on CPA pg.#92 not declared. - Due Diligence Vendor-05/01/2025

Resolved-CPA letter to refence borrower % owned is now present - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4014564

XXXXXX-2025-NQM3-487

Closed

FCOM4028

2025-04-30 15:07

2025-05-02 15:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4009750

XXXXXX-2025-NQM3-488

Closed

FCOM6034

2025-05-01 10:25

2025-05-13 13:32

Cured

1 - Information

Compliance

TRID

Final CD: Estimated Taxes, Insurance, & Assessments "In escrow? is incomplete or inaccurate "

Cured-This is acceptable. - Due Diligence Vendor-05/13/2025

Ready for Review-Document Uploaded. Please find PCCD along with LOX attached - Buyer-05/13/2025

Open-Final CD pg.# 10 of 128 : Property Tax is checked as Yes instead of NA. There is Other Property Tax section added.
Note: CD pg.# 11 also Property tax is blank and Other Property escrow is updated. Matches with IEAD form too: pg.# 92 mentioned other property tax only.. - Due Diligence Vendor-05/01/2025

Cured-This is acceptable. - Due Diligence Vendor-05/13/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4016848

XXXXXX-2025-NQM3-488

Closed

FCOM4028

2025-04-30 14:11

2025-05-01 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-04/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/01/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4009205

XXXXXX-2025-NQM3-489

Closed

FCOM4028

2025-05-01 10:26

2025-05-02 15:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4016868

XXXXXX-2025-NQM3-490

Closed

FCOM4028

2025-04-30 17:46

2025-05-01 11:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/01/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-04/30/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4010333

XXXXXX-2025-NQM3-491

Closed

FCOM4028

2025-05-01 06:39

2025-05-05 09:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/05/2025

Ready for Review-less thaan 60 - Buyer-05/05/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4013499

XXXXXX-2025-NQM3-492

Closed

FCOM4028

2025-05-01 08:55

2025-05-02 13:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor Verified (V SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4015301

XXXXXX-2025-NQM3-493

Closed

FCOM4028

2025-05-01 07:35

2025-05-05 15:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4014105

XXXXXX-2025-NQM3-494

Closed

FCOM4028

2025-05-02 08:13

2025-05-05 15:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4026897

XXXXXX-2025-NQM3-495

Closed

FCRE1336

2025-05-05 09:01

2025-05-16 10:03

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Award Letter Missing

Resolved-Accept underwriter description and acknowledgement of no award letter. - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. we do not need an award letter. We are using bank statement and grossing up by 3.75 as evidenced by the income worksheet. - Buyer-05/08/2025

Open-Borrower 1 Award Letter Missing - missing documentation of SSI. Bank statements do not support amount used. - Due Diligence Vendor-05/05/2025

Resolved-Accept underwriter description and acknowledgement of no award letter. - Due Diligence Vendor-05/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4042995

XXXXXX-2025-NQM3-496

Closed

FCOM4028

2025-05-01 19:22

2025-05-02 11:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/02/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/02/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4022938

XXXXXX-2025-NQM3-497

Closed

FCRE8860

2025-05-02 10:37

2025-05-29 06:10

Waived

2 - Non-Material

Credit

Income/Employment

Audited DSCR does not meet guidelines requirements

Waived-waiver for not meeting the minimum DSCR score of 1.1 for property type - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. PC exception for DSCR less than 1.1 - Buyer-05/28/2025

Open-As per guide multifamily min DSCR should be 1.1. Verified DSCR is 1.099
Note :- Lender considered 100% rental income for vacant unit instead of 75% - Due Diligence Vendor-05/02/2025

Waived-waiver for not meeting the minimum DSCR score of 1.1 for property type - Due Diligence Vendor-05/29/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

4029272

XXXXXX-2025-NQM3-497

Closed

FCRE9991

2025-05-02 10:35

2025-05-29 06:08

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-Corrected DSCR calc is now present at 1.099 - Due Diligence Vendor-05/29/2025
Ready for Review-Document Uploaded. Yes, you are correct. We will consider the 75% rent for the vacant unit in multi-family property. So, as per your below calculation for the rent, total rent should be [Redacted]
Please see attached updated tape with an updated DSCR. - Buyer-05/28/2025
Open-DSCR is of by 0.061 Lender score 1.160
Rent income considered by lender [Redacted] but the verified document $[Redacted]
As per provided lease agreement on page # 561,575,589,603,617,631 rental income is [Redacted]
Calculation from rent sch page #180 : 9,375.00/8,529.69 = 1.099 should be the actual score
(Leased property rental income 1,800.00 + 1,800.00 + 1,800.00 + 2,400.00 = 7,800.00 Vacant property 2,100.00 *75% = 1,575.00 Total $9,375.00)
Lender considered 100% rental income for vacant unit. - Due Diligence Vendor-05/02/2025

Resolved-Corrected DSCR calc is now present at 1.099 - Due Diligence Vendor-05/29/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4029237

XXXXXX-2025-NQM3-497

Closed

FCOM4028

2025-05-01 09:45

2025-05-05 15:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4016151

XXXXXX-2025-NQM3-498

Closed

FCOM4028

2025-05-01 06:54

2025-05-02 13:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/02/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4013624

XXXXXX-2025-NQM3-499

Closed

FCOM4028

2025-05-02 11:19

2025-05-05 16:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4029886

XXXXXX-2025-NQM3-500

Closed

FCOM4028

2025-05-01 13:32

2025-05-05 15:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4020090

XXXXXX-2025-NQM3-501

Closed

FCOM4028

2025-05-01 09:27

2025-05-02 12:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/02/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4015915

XXXXXX-2025-NQM3-502

Closed

FCOM4028

2025-05-02 13:29

2025-05-05 15:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4031948

XXXXXX-2025-NQM3-503

Closed

FCRE6843

2025-05-02 16:46

2025-05-06 13:20

Resolved

1 - Information

Credit

Assets

Asset General

Resolved-donor wire now present - Due Diligence Vendor-05/06/2025

Ready for Review-Document Uploaded. - Buyer-05/06/2025

Open-missing proof donor gift funds transfer - Due Diligence Vendor-05/02/2025

Resolved-donor wire now present - Due Diligence Vendor-05/06/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4034157

XXXXXX-2025-NQM3-503

Closed

FCOM4028

2025-05-02 15:57

2025-05-05 14:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4033832

XXXXXX-2025-NQM3-503

Closed

FCRE1228

2025-05-02 16:45

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-exception for non sufficient funds charges exceeds max allowed for program . 5 NSFs
Pg. 374 - Due Diligence Vendor-05/02/2025

Revolving debt is under 30%, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No
mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4034153

XXXXXX-2025-NQM3-504

Closed

FCRE6737

2025-05-01 08:10

2025-05-19 12:46

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Income)

Resolved-resolved with lender comments on confirming % owned of business- lender states: As we can see from the K-1 the borrower has been increasing their ownership percentage . Went from 50% to 95% in 2024. Increasing from 95% to 100% seems to be in line. CPA is a licensed professional who we verbally confirmed the information with. We also pulled the license to show they are qualified to give this information and review returns. - Due Diligence Vendor-05/19/2025

Ready for Review-As we can see from the K-1 the borrower has been increasing their ownership percentage . Went from 50% to 95% in 2024. Increasing from 95% to 100% seems to be in line. CPA is a licensed professional who we verbally confirmed the information with. We also pulled the license to show they are qualified to give this information and review returns. - Buyer-05/19/2025

Open-Ownership% Discrepancy - CPA letter page 818 states Bwr with 100% ownership, however, 2024 K1 on page 209 states 95%. - Due Diligence Vendor-05/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4014497

XXXXXX-2025-NQM3-504

Closed

FCRE8705

2025-05-01 08:41

2025-05-02 11:36

Waived

2 - Non-Material

Credit

Eligibility

Excessive Seller Contributions

Waived-Exception page 822 - Exceeds max allowed IPC for LTV exceeds and waiver present to permit 6% on [Redacted] - Due Diligence Vendor-05/02/2025

5+ yrs credit history, No credit events past 40 months, Credit Score > 40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4015015

XXXXXX-2025-NQM3-504

Closed

FCOM4028

2025-05-01 07:29

2025-05-02 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4014010

XXXXXX-2025-NQM3-505

Closed

FCRE1212

2025-05-02 09:52

2025-05-07 12:11

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-resolved with lender comments. - The signed counteroffer that will automatically bind the contract and exhibits. - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached clarification from broker - Buyer-05/07/2025

Open-Purchase contract has not been fully provided Seller initials is missing on Purchase Contract refer page#150 of 201 - Due Diligence Vendor-05/02/2025

Resolved-resolved with lender comments. - The signed counteroffer that will automatically bind the contract and exhibits. - Due Diligence Vendor-05/07/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4028699

XXXXXX-2025-NQM3-505

Closed

FCOM4028

2025-05-02 07:23

2025-05-05 14:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4026259

XXXXXX-2025-NQM3-506

Closed

FCOM4028

2025-05-02 08:10

2025-05-06 10:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days. - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4026844

XXXXXX-2025-NQM3-507

Closed

FCRE1491

2025-05-05 09:43

2025-05-09 08:39

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Received wire proof - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. Please see copy of donor wire of gift for 60k on pages 130-132 of "[Redacted]_Signed closing pkg" and separately in attachment. - Buyer-05/08/2025

Open-Asset Qualification Does Not Meet Guideline Requirements missing copy of donor wire of gift for 60k - Due Diligence Vendor-05/05/2025

Resolved-Received wire proof - Due Diligence Vendor-05/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4044112

XXXXXX-2025-NQM3-507

Closed

FCOM4028

2025-05-05 07:26

2025-05-06 14:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4041500

XXXXXX-2025-NQM3-507

Closed

FCRE1444

2025-05-05 09:50

2025-05-05 09:51

Waived

2 - Non-Material

Credit

Borrower

Credit report incomplete

Waived-liability not counted in DTI and dont have 12 months cancelled checks to omit. exception given for this. Remove auto payment from liabilities
Comments Hello, the borrower's husband opened a car loan on his wife's name in November of 2024. He made the first payments by cash, withdrawing the money from his account and making the payment. Payments made in
January, Feb and March were made by transfer. We're asking to use the last 3 months of payments to omit the auto loan from the DTI payments. Borrower is ready to drop to [Redacted].
pg 156
- Due Diligence Vendor-05/05/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4044284

XXXXXX-2025-NQM3-508

Closed

FCOM4028

2025-05-02 10:34

2025-05-06 10:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4029234

XXXXXX-2025-NQM3-509

Closed

FCRE1335

2025-05-02 14:05

2025-05-15 11:00

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/07/2025

Resolved-tax transcripts now present - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached IRS transcripts - Buyer-05/06/2025

Open-Borrower 1 IRS Transcripts Missing - Due Diligence Vendor-05/02/2025

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/07/2025

Resolved-tax transcripts now present - Due Diligence Vendor-05/07/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4032474

XXXXXX-2025-NQM3-509

Closed

FCOM4028

2025-05-02 13:29

2025-05-05 19:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4031950

XXXXXX-2025-NQM3-510

Closed

FCOM4028

2025-05-02 10:28

2025-05-06 15:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4029171

XXXXXX-2025-NQM3-511

Closed

123ABJ

2025-05-02 09:10

2025-05-08 07:45

Resolved

1 - Information

Credit

Missing Doc

Missing VVOE dated within 10 days consummation

Resolved-Receipt of Articles and recent filing documentation clears finding - Due Diligence Vendor-05/08/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW, along with the docs mentioned - Seller-05/08/2025

Open-Self employed 1120s - missing 3rd party verification for current and active- Articles, SOS, Sunbiz, etc indicating active and history. - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW, along with the docs mentioned - Seller-05/08/2025

Resolved-Receipt of Articles and recent filing documentation clears finding - Due Diligence Vendor-05/08/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4027934

XXXXXX-2025-NQM3-511

Closed

FCRE1437

2025-05-02 09:09

2025-05-08 07:45

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved- - Due Diligence Vendor-05/08/2025

Ready for Review-Accept Underwriter calc on 2 years of employment - Due Diligence Vendor-05/08/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/08/2025

Open-Income and Employment Do Not Meet Guidelines No evidence of two year work history in file - missing 3rd party verification - Articles, SOS, Sunbiz, etc - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/08/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4027819

XXXXXX-2025-NQM3-511

Closed

FPRO1244

2025-05-02 09:27

2025-05-07 05:30

Resolved

1 - Information

Property

Missing Doc

3rd Party Valuation Product is Required and Missing

Resolved-value support product is now present for Non Arms length UW guideline, not needed for actual value support just to clear guideline. TPR accepts - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached AVM provided for this loan - Buyer-05/07/2025

Open-Bwr is Realtor acting on behalf and using commission towards concessions - GL permitted - however GL requires another value product for NAL transactions. - Due Diligence Vendor-05/02/2025

Resolved-value support product is now present for Non Arms length UW guideline, not needed for actual value support just to clear guideline. TPR accepts - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4028344

XXXXXX-2025-NQM3-511

Closed

FCRE1335

2025-05-02 09:09

2025-05-07 05:29

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-1 yr tax transcript is now present for borrower - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached borrower's IRS transcript - Seller-05/07/2025

Open-Borrower 1 IRS Transcripts Missing None in file - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached borrower's IRS transcript - Seller-05/07/2025

Resolved-1 yr tax transcript is now present for borrower - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4027818

XXXXXX-2025-NQM3-511

Closed

FCOM4028

2025-05-02 08:43

2025-05-05 19:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4027360

XXXXXX-2025-NQM3-512

Closed

FCOM4028

2025-05-02 07:30

2025-05-05 19:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4026349

XXXXXX-2025-NQM3-513

Closed

FCRE1212

2025-05-02 15:54

2025-05-09 08:30

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-Purchase contract received. - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. - Seller-05/08/2025

Open-Purchase contract has not been fully provided Borrower #2 name & Signature is missing on purchase contract page #1-15 of 576 - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. - Seller-05/08/2025

Resolved-Purchase contract received. - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4033813

XXXXXX-2025-NQM3-513

Closed

FCRE1165

2025-05-02 14:25

2025-05-09 08:29

Resolved

1 - Information

Credit

Missing Doc

Flood Insurance Policy Partially Provided

Resolved-Received Flood info - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. - Buyer-05/08/2025

Counter-The flood in file is an application only and does not state bound or loan closing no wait, need proof bound or policy number - Due Diligence Vendor-05/07/2025

Ready for Review-There is no policy number on this application, but it is not in guidelines. - Buyer-05/07/2025

Open-Flood Insurance Policy Partially Provided Flood policy number is missing on flood policy page #566 of 576 - Due Diligence Vendor-05/02/2025

Resolved-Received Flood info - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4032753

XXXXXX-2025-NQM3-513

Closed

FPRO1140

2025-05-02 15:08

2025-05-07 12:14

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Secondary Value)

Resolved-resolved with lender comments. Second appr has as is and lender used that to support property does not have any needed repairs - Due Diligence Vendor-05/07/2025

Ready for Review-We only need 1004D form if subject to appraisal is the one that we're using to qualify, but we are using the second one. - Seller-05/07/2025

Open-Secondary Value for Subject Property Appraisal is not on an As-Is Basis 1st appraisal in file is subject too (Pg.# 106) and 2nd appraisal is as is. (Pg.#149)
Note: Per Subject to page these details yet not confirmed if fixed/1004D is missing too: INSTALL A/C UNIT. INSPECTION FOR ROOF DAMAGE AND REAR UPPER WINDOW TO ASSESS IF ROOF IS A SAFETY ISSUE, REPLACE MISSING DOWNSPOUT, REPLACE MISSING CRAWLSPACE VENT. (pg.#108: pictures missing for the same.) - Due Diligence Vendor-05/02/2025

Ready for Review-We only need 1004D form if subject to appraisal is the one that we're using to qualify, but we are using the second one. - Seller-05/07/2025

Resolved-resolved with lender comments. Second appr has as is and lender used that to support property does not have any needed repairs - Due Diligence Vendor-05/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4033297

XXXXXX-2025-NQM3-513

Closed

FCOM4028

2025-05-02 12:56

2025-05-06 15:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4031423

XXXXXX-2025-NQM3-514

Closed

FCOM4028

2025-05-02 13:24

2025-05-05 19:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4031863

XXXXXX-2025-NQM3-515

Closed

FCOM4028

2025-05-05 10:48

2025-05-06 14:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4045169

XXXXXX-2025-NQM3-516

Closed

1000704-1002118

2025-05-05 10:54

2025-05-07 12:29

Cured

2 - Non-Material

Compliance

Tolerance:FinanceCharge

Federal - Finance Charge Disclosure Tolerance (Closed End)

Cured-This is acceptable. - Due Diligence Vendor-05/07/2025
Ready for Review-Document Uploaded. - Buyer-05/07/2025
Open-The disclosed finance charge ($[Redacted]) is ($252.96) below the actual finance charge($[Redacted]). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) APR should include Title-Admin processing Fee. This is an APR fee. - Due Diligence Vendor-05/05/2025

Cured-This is acceptable. - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4045272

XXXXXX-2025-NQM3-516

Closed

FCOM4028

2025-05-05 09:35

2025-05-06 14:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4043963

XXXXXX-2025-NQM3-517

Closed

FCOM4028

2025-05-05 10:34

2025-05-06 14:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4044915

XXXXXX-2025-NQM3-517

Closed

FVAL5524

2025-05-05 11:02

Waived

2 - Non-Material

Property

Ineligible Property

Waived- - lender granted exception for less than 500 square feet - page 35 - Due Diligence Vendor-05/05/2025

Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4045348

XXXXXX-2025-NQM3-518

Closed

FCOM4028

2025-05-02 13:37

2025-05-06 14:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4032083

XXXXXX-2025-NQM3-519

Closed

FCOM4028

2025-05-03 01:18

2025-05-06 10:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4034996

XXXXXX-2025-NQM3-520

Closed

FCOM4028

2025-05-05 14:35

2025-05-06 12:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4049213

XXXXXX-2025-NQM3-520

Closed

FCRE9580

2025-05-05 16:15

Waived

2 - Non-Material

Credit

Eligibility

Bankruptcy History does not meet guidelines

Waived-does not meet credit event seasoning so exception in file Bankruptcy was dismissed 3y ago

pg 483 - Due Diligence Vendor-05/05/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No mortgage late payments in the last 24
months, 5+ years credit history, No consumer late payments in the last 24 months
60 LTV max

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4050870

XXXXXX-2025-NQM3-521

Closed

FCOM4028

2025-05-05 09:09

2025-05-06 13:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4043221

XXXXXX-2025-NQM3-522

Closed

FCOM4028

2025-05-03 06:53

2025-05-06 09:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4036132

XXXXXX-2025-NQM3-523

Closed

FCOM4028

2025-05-03 09:09

2025-05-06 09:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4036452

XXXXXX-2025-NQM3-523

Closed

FCRE2828

2025-05-03 10:39

2025-05-03 11:01

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-As per guide, Loan Modification is not allowed in the last 48 months.
*Exception form is provided to allow Modification for repairs in last 48 months. Modification docs are on page #229 of 373; 23 of 53.
*Approved Conditions: 0.25 to price, [Redacted] max
*Exception form is on page #46 of 53 - Due Diligence Vendor-05/03/2025

10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4036700

XXXXXX-2025-NQM3-524

Closed

FCOM4028

2025-05-04 08:46

2025-05-05 19:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/04/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4038146

XXXXXX-2025-NQM3-525

Closed

123ABJ

2025-05-04 07:53

2025-05-07 12:16

Resolved

1 - Information

Credit

Missing Doc

Missing VVOE dated within 10 days consummation

Resolved-VVOE now present - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Please see attached Certificate of Status - Buyer-05/07/2025

Open-SOS business search pages 86 and 87 in file dated 04/15/2025, however the document is blank - only dated header is visible in scanned package. - Due Diligence Vendor-05/04/2025

Resolved-VVOE now present - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4038019

XXXXXX-2025-NQM3-525

Closed

FCOM4028

2025-05-04 07:24

2025-05-05 19:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/04/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4037965

XXXXXX-2025-NQM3-526

Closed

FCOM4028

2025-05-03 11:13

2025-05-05 19:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4036750

XXXXXX-2025-NQM3-527

Closed

FCOM4028

2025-05-05 07:33

2025-05-06 09:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/05/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4041589

XXXXXX-2025-NQM3-527

Closed

FCRE6854

2025-05-05 16:19

2025-05-05 16:21

Waived

2 - Non-Material

Credit

Title

Title Policy Issue - Unpaid Liens

Waived-Exception form provided To allow violations on title to be paid at closing, or allow escrow holdback. See uploaded Word doc with details.
Exception form page#678
Approved With Conditions: +0.25 to price, [Redacted] max - Due Diligence Vendor-05/05/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4050895

XXXXXX-2025-NQM3-528

Closed

FCOM4028

2025-05-05 07:50

2025-05-07 16:08

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/05/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4041795

XXXXXX-2025-NQM3-529

Closed

FCOM4028

2025-05-06 12:49

2025-05-08 14:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/06/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4060560

XXXXXX-2025-NQM3-530

Closed

FCRE1212

2025-05-05 11:15

2025-05-12 08:21

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-resolved with lender comments. lender reviewed and accepts signatures as is. - Due Diligence Vendor-05/12/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW. The seller name [Redacted], is the same person who had signed the original purchase contract, there is not truly a second seller. This is the sellers name but just written differently as last name, first name rather than first name, last name. Title also confirms the only property owner is [Redacted]. - Buyer-05/10/2025
Open-Purchase contract has not been fully provided As per Purchase Contract on page #270, 266 of 339. There are 2 sellers on the loan. However seller #1 signature is missing on the Purchase Contract page 270 of 339 - Due Diligence Vendor-05/05/2025

Resolved-resolved with lender comments. lender reviewed and accepts signatures as is. - Due Diligence Vendor-05/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4045585

XXXXXX-2025-NQM3-530

Closed

FCOM4028

2025-05-05 09:30

2025-05-07 16:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/05/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4043885

XXXXXX-2025-NQM3-531

Closed

FCOM4028

2025-05-05 10:42

2025-05-07 16:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/05/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4045022

XXXXXX-2025-NQM3-532

Closed

FVAL9739

2025-05-06 13:55

2025-05-07 16:12

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-Accept lenders proof of Appraisal identifying that the combining of land and manu home is legal per code - Due Diligence Vendor-05/07/2025

Ready for Review-Document Uploaded. Appraisal p.2 has a Note "Combining of conventional and manufactured construction does not require any permission per local code". - Buyer-05/07/2025

Open-appraiser says subject is a partial manufactured home and no HUD plates found. no exception in file - Due Diligence Vendor-05/06/2025

Resolved-Accept lenders proof of Appraisal identifying that the combining of land and manu home is legal per code - Due Diligence Vendor-05/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4061776

XXXXXX-2025-NQM3-532

Closed

FCOM4028

2025-05-06 11:45

2025-05-07 10:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4059348

XXXXXX-2025-NQM3-533

Closed

FCRE1491

2025-05-07 02:54

2025-05-12 08:22

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Borrower didnt meet minimum investment for a FTHB. Waiver provided. - Due Diligence Vendor-05/12/2025

Ready for Review-Document Uploaded. Please see the PC Exception. - Buyer-05/09/2025

Open-Asset Qualification Does Not Meet Guideline Requirements FTHB requires 5% own contribution - All down + partial reserves were gifted. - Due Diligence Vendor-05/07/2025

Waived-Borrower didnt meet minimum investment for a FTHB. Waiver provided. - Due Diligence Vendor-05/12/2025

Residual income >=3000$, No credit events past 40 months, LTV 10% below maximum

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

4065894

XXXXXX-2025-NQM3-533

Closed

FCOM4028

2025-05-05 08:07

2025-05-07 04:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4042092

XXXXXX-2025-NQM3-534

Closed

FCOM4028

2025-05-06 03:56

2025-05-07 10:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4053121

XXXXXX-2025-NQM3-535

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-536

Closed

FCOM4028

2025-05-05 09:16

2025-05-06 12:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4043588

XXXXXX-2025-NQM3-537

Closed

FCRE1166

2025-05-06 09:44

2025-05-07 12:17

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Coverage is less than all Subject Lien(s)

Resolved-RCE located with appraisal info. finding is resolved. - Due Diligence Vendor-05/07/2025
Ready for Review-RCE can be found on p. 2 of credit pkg - Buyer-05/07/2025
Open-Hazard Insurance Coverage Amount of $[Redacted] is less than Total Amount of Subject Lien(s) of $[Redacted] need cost estimator since no replacement cost words on ins - Due Diligence Vendor-05/06/2025

Resolved-RCE located with appraisal info. finding is resolved. - Due Diligence Vendor-05/07/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4057299

XXXXXX-2025-NQM3-537

Closed

FCOM4028

2025-05-06 07:30

2025-05-06 12:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4054772

XXXXXX-2025-NQM3-538

Closed

FCOM4028

2025-05-06 09:11

2025-05-07 10:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4056617

XXXXXX-2025-NQM3-539

Closed

FCRE1325

2025-05-08 07:58

2025-05-15 11:04

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-05/08/2025

Open-Profit and Loss statements were borrower prepared there is no CPA letter in file - Due Diligence Vendor-05/08/2025

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4080630

XXXXXX-2025-NQM3-539

Closed

FCOM4028

2025-05-06 07:03

2025-05-07 13:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/07/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4054418

XXXXXX-2025-NQM3-539

Closed

FCRE3466

2025-05-06 10:13

2025-05-07 10:55

Waived

2 - Non-Material

Credit

Missing Doc

Missing evidence of sufficient insurance for condo project

Waived-UW Exception located on page 21 as master policy does not include all required coverage: Ordinance or Law endorsement in not included into Master HOA Insurance Policy. - Due Diligence Vendor-05/06/2025

Revolving debt is under 30%, Credit score >40 points than minimum required, and borrower contribution exceeds requirement >=5%.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4057729

XXXXXX-2025-NQM3-539

Closed

FVAL9739

2025-05-06 10:18

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-UW Exception located on page 20 states the following: HOA confirmed [Redacted] permanent electrical repairs are scheduled to begin in April. No safety or habitability issues reported, and the rest of the project is in good standing. An Email confirmation from HOA is uploaded. Given the limited scope and planned start date, we respectfully request an exception to allow approval despite non-warrantable status. - Due Diligence Vendor-05/06/2025

No credit events past 40 months, Credit score >40 points than minimum required, and borrower contribution exceeds requirement >=5%.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4057785

XXXXXX-2025-NQM3-540

Closed

FCOM4028

2025-05-06 07:28

2025-05-07 15:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/06/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4054754

XXXXXX-2025-NQM3-541

Closed

FCOM4028

2025-05-06 11:07

2025-05-07 11:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4058737

XXXXXX-2025-NQM3-542

Closed

FCRE1252

2025-05-07 05:49

2025-05-12 08:24

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-signed deed now present - Due Diligence Vendor-05/12/2025

Ready for Review-Document Uploaded. Please see the Grant Deed attached. - Buyer-05/09/2025

Open-Title Document is Incomplete Need executed copy on grant deed available on page #871.
Not:- B2 added on title at closing. - Due Diligence Vendor-05/07/2025

Resolved-signed deed now present - Due Diligence Vendor-05/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4066797

XXXXXX-2025-NQM3-542

Closed

FCOM4028

2025-05-06 12:54

2025-05-08 15:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/06/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4060638

XXXXXX-2025-NQM3-543

Closed

FCOM4028

2025-05-06 12:30

2025-05-07 11:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4060217

XXXXXX-2025-NQM3-544

Closed

FCOM4028

2025-05-07 05:16

2025-05-08 08:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4066432

XXXXXX-2025-NQM3-545

Closed

FCRE9991

2025-05-07 07:16

2025-05-09 08:06

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-New tape loaded up matches TPR calc. - Due Diligence Vendor-05/09/2025

Ready for Review-Document Uploaded. Please see attached updated tape. Correct DSCR is 0.98 - Buyer-05/09/2025

Open-* DSCR is of by 0.173. Lender score 0.807
> Rent income considered by lender $2,300 from 1007 (Pg.# 26 of 385) but the verified document $2793.75 from [Redacted] doc (Pg.#7 of 385)
Calculation : Rent/PITIA = 2793.75/2849.68 = 0.980 should be the actual score (Rate Lock pg.#284 also reads considered short term rental and score is 0.980) - Due Diligence Vendor-05/07/2025

Resolved-New tape loaded up matches TPR calc. - Due Diligence Vendor-05/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4067741

XXXXXX-2025-NQM3-545

Closed

FCOM4028

2025-05-06 13:28

2025-05-08 10:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/06/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4061361

XXXXXX-2025-NQM3-546

Closed

FCOM4028

2025-05-07 10:41

2025-05-08 09:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4070995

XXXXXX-2025-NQM3-547

Closed

FCOM4028

2025-05-06 08:48

2025-05-07 05:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4056029

XXXXXX-2025-NQM3-547

Closed

FCRE1437

2025-05-06 09:26

2025-05-07 05:07

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Page 415 - Exception to bank stmt program as nonsufficient funds exceeds max allowed for program. Maximum allowable NSF's are 3 in a 12 month period. Bwr has 11. Lender comments only 2 are true as remainder were service fees based in account requirements. - Due Diligence Vendor-05/06/2025

Revolving debt under 30%, No credit events past 40 months, 2+ bwrs on loan, No consumer lates last 24 months, DTI > 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4056870

XXXXXX-2025-NQM3-548

Closed

FCOM4028

2025-05-06 10:33

2025-05-07 11:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

4058063

XXXXXX-2025-NQM3-549

Closed

FCOM4028

2025-05-07 08:04

2025-05-08 09:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan close d in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan close d in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4068477

XXXXXX-2025-NQM3-550

Closed

FCOM4028

2025-05-07 06:37

2025-05-08 14:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4067268

XXXXXX-2025-NQM3-551

Closed

FCOM4028

2025-05-06 13:16

2025-05-07 13:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4061102

XXXXXX-2025-NQM3-552

Closed

FCOM4028

2025-05-07 07:50

2025-05-08 09:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4068244

XXXXXX-2025-NQM3-553

Closed

FCOM4028

2025-05-07 06:08

2025-05-08 09:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4066952

XXXXXX-2025-NQM3-554

Closed

FCOM4028

2025-05-07 11:22

2025-05-08 14:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4071648

XXXXXX-2025-NQM3-555

Closed

FCRE6911

2025-05-08 09:02

2025-05-12 08:25

Resolved

1 - Information

Credit

Eligibility

Audited DTI exceeds 3% difference from Originator DTI

Resolved-lender confirmed correct HOA dues and DTI Matches - Due Diligence Vendor-05/12/2025

Ready for Review-Document Uploaded. UW used HOA from 2nd report (722/month) - Buyer-05/10/2025

Open- - please confirm the HOA dues. There are 2 appraisals in the file with different HOA dues - $601 and $722. The Questionnaire states monthly dues are $1,139.98 monthly. Original UW used dues of $722 with a final DIT of 34.53%. Using the higher dues, the DTI is 42.98%. - Due Diligence Vendor-05/08/2025

Resolved-lender confirmed correct HOA dues and DTI Matches - Due Diligence Vendor-05/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4081676

XXXXXX-2025-NQM3-555

Closed

FCOM4028

2025-05-08 08:07

2025-05-09 13:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/08/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4080772

XXXXXX-2025-NQM3-555

Closed

FVAL5474

2025-05-08 08:58

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived- - lender granted exception for one entity owns more than 25% total units - page 378 - Due Diligence Vendor-05/08/2025

Revolving debt is under 30%, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4081614

XXXXXX-2025-NQM3-556

Closed

FCOM4028

2025-05-07 11:04

2025-05-08 08:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/07/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4071345

XXXXXX-2025-NQM3-556

Closed

FVAL5385

2025-05-07 13:42

2025-05-08 08:15

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Exception on page 259 allowing waiver of guidelines and allow property to be listed for sale within the last month. - Due Diligence Vendor-05/08/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, DSCR ratio is at 1.284

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4074284

XXXXXX-2025-NQM3-557

Closed

FCOM4028

2025-05-08 07:04

2025-05-09 13:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/08/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4079940

XXXXXX-2025-NQM3-557

Closed

FVAL9739

2025-05-08 08:55

2025-05-09 13:36

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-UW Exception located on page 2 is required per guidelines can't be listed in past 6 months. Property has being listed for sale in past 6 months. - Due Diligence Vendor-05/09/2025

DTI>=10% lower than loan program, No credit events past 40 months, and LTV 10% below maximum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4081576

XXXXXX-2025-NQM3-557

Closed

FCRE1254

2025-05-08 09:02

2025-05-09 13:35

Waived

2 - Non-Material

Credit

Title

Property Title Issue

Waived-UW Exception located on page 4 is required because guidelines don't allow hoa litigation. Waiver is due to HOA Plaintiff suing Construction defects of property for No Safety issues. - Due Diligence Vendor-05/09/2025

DTI>=10% lower than loan program, No credit events past 40 months, and LTV 10% below maximum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4081668

XXXXXX-2025-NQM3-557

Closed

FCRE1479

2025-05-08 08:59

Waived

2 - Non-Material

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Waived-UW Exception located on page 3 is required due to NSF/Overdrafts shown in Business Bank Statements provided for Income qualifying and required reserves. However, requesting AS IS since this account doesn't effect the transaction. Borrower received Cash Out funds that cover reserve requirement. - Due Diligence Vendor-05/08/2025

DTI>=10% lower than loan program, No credit events past 40 months, and LTV 10% below maximum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4081642

XXXXXX-2025-NQM3-558

Closed

FCOM4028

2025-05-08 11:07

2025-05-09 13:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4083672

XXXXXX-2025-NQM3-559

Closed

FCOM4028

2025-05-08 10:20

2025-05-12 15:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/08/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4083116

XXXXXX-2025-NQM3-559

Closed

FVAL5385

2025-05-08 11:38

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived--As per guide the property should not be listed for sale with 6 months if the transaction type is refinance cash-out
-Exception form provided to allow proceed with loan as property was listed on 3-17-25 and delisted on 4-2-25 as per Zillow google search
-Approved Condition :- +0.25 to price, [Redacted] max, ok with [Redacted]
-Exception form :- pg. no -203 of 275. - Due Diligence Vendor-05/08/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4084221

XXXXXX-2025-NQM3-560

Closed

FCOM4028

2025-05-08 10:24

2025-05-09 13:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/08/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4083180

XXXXXX-2025-NQM3-561

Closed

FCOM4028

2025-05-08 12:38

2025-05-09 13:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4085115

XXXXXX-2025-NQM3-562

Closed

FCOM4028

2025-05-09 10:57

2025-05-13 04:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/13/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-05/13/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4096909

XXXXXX-2025-NQM3-562

Closed

FVAL5524

2025-05-09 11:42

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Waived-As per guide, Commercial Space must not exceed 49% of building area
*Exception form is provided to allow commercial space of 65%
*Approved Conditions: max LTV [Redacted], 0.25 and dscr>1.2
*Exception form is on page # 282 of 356 - Due Diligence Vendor-05/09/2025 - Due Diligence Vendor-05/09/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4097612

XXXXXX-2025-NQM3-562

Closed

FPRO6999

2025-05-09 11:40

Waived

2 - Non-Material

Property

Appraisal

Wrong appraisal form for Residential/Commercial Mixed-use property

Waived-Waived-As per guide, Multifamily property/mixed use requirements to use FHLMC 71A or 71B, FNMA 1050
*Exception form is provided to allow use of 1025 instead of 71B. Appraisal is on page 15 of 356. (**Appraisal is on form 71B**)
*Approved Conditions: max [Redacted], 0.25 to price
*Exception form is on page # 281 of 356 - Due Diligence Vendor-05/09/2025 - Due Diligence Vendor-05/09/2025

5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4097565

XXXXXX-2025-NQM3-563

Closed

FCOM4028

2025-05-08 13:17

2025-05-14 06:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Unable to Resolve-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/14/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4085796

XXXXXX-2025-NQM3-564

Closed

FCOM4028

2025-05-09 09:31

2025-05-12 13:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/09/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4095504

XXXXXX-2025-NQM3-565

Closed

FCOM4028

2025-05-09 08:30

2025-05-12 12:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/09/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4093832

XXXXXX-2025-NQM3-566

Closed

FCOM4028

2025-05-09 21:17

2025-05-14 04:08

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4103220

XXXXXX-2025-NQM3-566

Closed

FPRO6999

2025-05-09 23:24

Waived

2 - Non-Material

Property

Appraisal

Wrong appraisal form for Residential/Commercial Mixed-use property

Waived--The appraisal form should match with the property type
-Exception form provided to proceed with loan as for mixed use property 1025 Appraisal form is provide for 2 appraisal
-Approved condition :- 0.5 to price, good with 1025 form
-Exception from on Pg. no :- 454 of 500 - Due Diligence Vendor-05/10/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4103517

XXXXXX-2025-NQM3-567

Closed

FCRE6914

2025-05-12 08:41

2025-06-13 12:59

Cured

1 - Information

Credit

Missing Doc

Borrower 2 Citizenship Documentation Not Provided

Cured-Corrected Note now present for only 1 borrower - Due Diligence Vendor-06/13/2025

Ready for Review-replied to the first condition - Buyer-06/13/2025

Open-Borrower 2 Citizenship Documentation Is Missing Borrower 2 Citizenship Documentation Not Provided - Due Diligence Vendor-05/12/2025

Cured-Corrected Note now present for only 1 borrower - Due Diligence Vendor-06/13/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4112923

XXXXXX-2025-NQM3-567

Closed

FCOM1232

2025-05-12 08:42

2025-06-13 12:59

Cured

1 - Information

Compliance

Missing Doc

The Final 1003 is Missing

Cured-Corrected Note now present for only 1 borrower - Due Diligence Vendor-06/13/2025

Ready for Review-replied to the first condition - Buyer-06/13/2025

Open-B2 final 1003 is missing
Note : Pg. 64 1003 is filled jointly but only B1 details is declared. - Due Diligence Vendor-05/12/2025

Cured-Corrected Note now present for only 1 borrower - Due Diligence Vendor-06/13/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4112934

XXXXXX-2025-NQM3-567

Closed

FCRE5771

2025-05-09 12:50

2025-07-24 09:14

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Credit Report is Missing

Resolved-Lender removed co borrower ,all new documents received showing only one borrower. - Due Diligence Vendor-07/24/2025
Ready for Review-Document Uploaded. SUW: It supposed to be only one borrower for sure – [Redacted], We don’t have 1003, ID, credit for another person. [Redacted] is on vesting, but not the borrower.

PC requested documents to be resigned, title provided resigned Note , 1003, Initial escrow, AND FIRST PAYMENT LETTER with only one borrower - Buyer-06/13/2025
Open-Borrower 2 Credit Report is Missing. - Due Diligence Vendor-05/09/2025

Resolved-Lender removed co borrower ,all new documents received showing only one borrower. - Due Diligence Vendor-07/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4098861

XXXXXX-2025-NQM3-567

Closed

FCOM4028

2025-05-09 11:27

2025-05-13 14:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4097378

XXXXXX-2025-NQM3-568

Closed

FCOM4028

2025-05-09 08:31

2025-05-12 15:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/09/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4093851

XXXXXX-2025-NQM3-568

Closed

FVAL5474

2025-05-09 11:26

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Single entity - As per Guide projects with 21 or more units – Single entity can own 25% units
Exception form provided to allow one entity owns 40 % of total units
Exception form page #346
Approved Conditions - 0.5 to price and [Redacted] max - Due Diligence Vendor-05/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4097361

XXXXXX-2025-NQM3-569

Closed

FCOM4028

2025-05-10 00:32

2025-05-13 14:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4103711

XXXXXX-2025-NQM3-570

Closed

FCOM4028

2025-05-10 06:17

2025-05-13 13:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4104827

XXXXXX-2025-NQM3-571

Closed

FCOM4028

2025-05-10 07:11

2025-05-12 13:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/10/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4105025

XXXXXX-2025-NQM3-572

Closed

FCOM4028

2025-05-11 07:19

2025-05-12 13:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/11/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/12/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4107826

XXXXXX-2025-NQM3-573

Closed

FCOM4028

2025-05-12 09:22

2025-05-12 14:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4114152

XXXXXX-2025-NQM3-573

Closed

FCRE1491

2025-05-12 10:53

2025-05-12 14:26

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Waived-As per guide, Gift Funds used for initial purchase, this is a delayed purchase and gifts not allowed
*Exception form is provided to allow initial down as gift from mother - HUD from purchase page 61 of 487, Letter from escrow page 62 of 487, Trust page 55 of 487
*Approved Conditions: +0.375 to price, [Redacted] max
*Exception form is on page # 426 of 487 - Due Diligence Vendor-05/12/2025

***The borrowers were going to get a loan on the property but then needed to close fast. Mom had sold her property and escrow gave her funds in her name. She then gifted that money to her daughter for this transaction and the borrower bought in her moms trust, where borrower is the trustee and beneficiary and mom is the trustor.*** - Due Diligence Vendor-05/12/2025

Revolving debt is under 30%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4115715

XXXXXX-2025-NQM3-574

Closed

FCOM4028

2025-05-12 06:46

2025-05-13 15:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4111139

XXXXXX-2025-NQM3-575

Closed

FCOM4028

2025-05-12 15:16

2025-05-13 16:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4120424

XXXXXX-2025-NQM3-576

Closed

FCRE1158

2025-05-12 15:19

2025-05-19 07:43

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-mortgagee clause now corrected containing ISAOA ATIMA - Due Diligence Vendor-05/19/2025

Ready for Review-Document Uploaded. Please find the updated HO3. - Buyer-05/16/2025

Counter-Lender requires ISAOA and ATIMA in the mortgagee clause this is lender requirement. this is valid - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Insurance policy indicates the Mortgagee name, address and LN. - Buyer-05/14/2025

Open-Hazard Insurance Policy Partially Provided ISAOA/ATIMA is missing in Mortgage clause Refer Pg. no 355 of 440. - Due Diligence Vendor-05/12/2025

Resolved-mortgagee clause now corrected containing ISAOA ATIMA - Due Diligence Vendor-05/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4120452

XXXXXX-2025-NQM3-576

Closed

FCOM4028

2025-05-12 14:07

2025-05-14 05:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4119533

XXXXXX-2025-NQM3-577

Closed

FCOM4028

2025-05-13 10:04

2025-05-14 05:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4128289

XXXXXX-2025-NQM3-578

Closed

FCOM4028

2025-05-13 11:38

2025-05-14 13:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/14/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4129572

XXXXXX-2025-NQM3-579

Closed

FCOM4028

2025-05-13 12:06

2025-05-14 14:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4129959

XXXXXX-2025-NQM3-579

Closed

FVAL5474

2025-05-13 12:38

2025-05-14 13:57

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Waived-As per guide, The budget provides for the funding of replacement reserves for capital expenditures and deferred maintenance that is at least 8% of the budget.
*Exception form is provided to allow Condo reserves less than 8%
*Approved Conditions: 0.25 to price
*Exception form is on page # 366 of 498 - Due Diligence Vendor-05/13/2025 - Due Diligence Vendor-05/13/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4130520

XXXXXX-2025-NQM3-579

Closed

FCRE1200

2025-05-13 12:39

2025-05-14 13:55

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Waived-As per guide, Guideline Minimum Loan Amount is [Redacted]
*Exception form is provided to allow with [Redacted]
*Approved Conditions: 0.25 to price
*Exception form is on page # 367 of 498 - Due Diligence Vendor-05/13/2025 - Due Diligence Vendor-05/13/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4130537

XXXXXX-2025-NQM3-580

Closed

FCOM4028

2025-05-13 12:52

2025-05-16 05:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4130733

XXXXXX-2025-NQM3-581

Closed

FCRE1491

2025-05-13 14:43

2025-06-02 06:00

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-proof of wire donor transfer now present - Due Diligence Vendor-06/02/2025
Ready for Review-Document Uploaded. Please see attached Receipt and Wire confirmation for gift funds - Buyer-05/30/2025
Open-Asset Qualification Does Not Meet Guideline Requirements Gift on CD $[Redacted], Letter on page 85 of 293 Source Document for $[Redacted] is missing - Due Diligence Vendor-05/13/2025

Resolved-proof of wire donor transfer now present - Due Diligence Vendor-06/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4132315

XXXXXX-2025-NQM3-581

Closed

FCOM4028

2025-05-13 12:54

2025-05-15 12:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4130788

XXXXXX-2025-NQM3-582

Closed

FCOM4028

2025-05-12 13:21

2025-05-13 04:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4118806

XXXXXX-2025-NQM3-583

Closed

FCRE1491

2025-05-13 18:39

2025-05-19 13:01

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-escrow checks present now - Due Diligence Vendor-05/19/2025
Ready for Review-Document Uploaded. - Buyer-05/19/2025
Open-Asset Qualification Does Not Meet Guideline Requirements - Escrow provided an email on pages 117-120, and 114 stating $[Redacted] EMD was being held in Escrow toward purchase. LPG dated 10/21/2024, pg59 accepts this along with proof of where the funds came from. There is proof of gift funds totaling [Redacted] via gift letters and checks. However, borrower's [Redacted] bank statements provided do not show withdrawls from these banking accounts for the remaining funds held in Escrow. Please provide proof via a copy of a cleared written check or wire to escrow showing were remaining EMD funds in Escrow came from. - Due Diligence Vendor-05/14/2025

Resolved-escrow checks present now - Due Diligence Vendor-05/19/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4133901

XXXXXX-2025-NQM3-583

Closed

FCRE1197

2025-05-13 18:49

2025-05-16 12:47

Resolved

1 - Information

Credit

Eligibility

Audited FICO is less than Guideline FICO

Resolved-lender provided proof not a FTHB and ok on reserves  - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. The borrower is not a first time homebuyer. Their deposit held with title is coming from the sale of an REO that was previously owned by the borrower within the last 3 years. Please see the following deed that I pulled from public records and uploaded to the file - Seller-05/16/2025

Counter-the issue is the First Time Home Buyer requires a higher minimum please see your guidelines. - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded.  - Seller-05/15/2025

Open-LPG requires minimum 660 FICO for first time homebuyer. Buyer's FICO is 641. Missing Underwriting Exception for lower than guideline FICO score.  - Due Diligence Vendor-05/14/2025

Ready for Review-Document Uploaded. The borrower is not a first time homebuyer. Their deposit held with title is coming from the sale of an REO that was previously owned by the borrower within the last 3 years. Please see the following deed that I pulled from public records and uploaded to the file - Seller-05/16/2025

Ready for Review-Document Uploaded. - Seller-05/15/2025

Resolved-lender provided proof not a FTHB and ok on reserves - Due Diligence Vendor-05/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4133920

XXXXXX-2025-NQM3-583

Closed

FCRE1201

2025-05-13 18:41

2025-05-15 07:00

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-fraud guard now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. - Buyer-05/15/2025

Open-Missing Third Party Fraud Report - Due Diligence Vendor-05/14/2025

Resolved-fraud guard now present - Due Diligence Vendor-05/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4133905

XXXXXX-2025-NQM3-583

Closed

FCOM4028

2025-05-13 15:52

2025-05-14 12:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/14/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4133148

XXXXXX-2025-NQM3-583

Closed

FVAL9739

2025-05-13 19:03

2025-05-14 11:07

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived- As per guide, A single entity can not own more than 25% of the units in Condo projects with 21 or more units.
*Exception form is provided to allow a single entity to own 57.51% of the total units.
*Approved Conditions: [Redacted] max
*Exception form is on page #405 of 441 - Guideline Minimum Loan Amount is 5/13/2025 - Due Diligence Vendor-05/14/2025

Revolving debt is under 30%, No credit events past 40 months, and 5+ years credit history.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4133976

XXXXXX-2025-NQM3-584

Closed

FCOM4028

2025-05-13 20:03

2025-05-14 12:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/14/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/14/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4134257

XXXXXX-2025-NQM3-585

Closed

FPRO1228

2025-05-13 13:12

2025-06-02 11:52

Resolved

1 - Information

Property

Data

Property Insurance Does Not State Correct Mortgagee

Resolved-mortgagee now present on insurance - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. - Buyer-06/02/2025

Open-missing ISAOA ATIMA - Due Diligence Vendor-05/13/2025

Resolved-mortgagee now present on insurance - Due Diligence Vendor-06/02/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4131061

XXXXXX-2025-NQM3-585

Closed

FCOM1233

2025-05-13 13:13

2025-05-16 07:09

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-The Final 1003 is Present - Due Diligence Vendor-05/16/2025

Resolved-correct info on final 1003 now present - Due Diligence Vendor-05/16/2025

Ready for Review-not sure why, but i tried to reupload document to this condition - but it was with the same issue. Ive uploaded 1003 to the loan, pls check - Buyer-05/16/2025

Counter-unable to open doc.   - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded.  - Buyer-05/15/2025

Open-B1 employment date is wrong.  states only self employed since 2025 - Due Diligence Vendor-05/13/2025

Resolved-The Final 1003 is Present - Due Diligence Vendor-05/16/2025

Resolved-correct info on final 1003 now present - Due Diligence Vendor-05/16/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4131065

XXXXXX-2025-NQM3-585

Closed

FCOM4028

2025-05-13 08:58

2025-05-14 05:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4126860

XXXXXX-2025-NQM3-586

Closed

FCOM4028

2025-05-13 12:56

2025-05-14 14:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4130814

XXXXXX-2025-NQM3-587

Closed

FCOM1231

2025-05-13 06:36

2025-05-15 18:36

Resolved

1 - Information

Compliance

Missing Doc

The Initial 1003 is Missing

Resolved-This is acceptable. - Due Diligence Vendor-05/16/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Please review uploaded initial disclosure package - Buyer-05/15/2025

Open-The Initial 1003 is Missing and the 1003 Page Occupancy Status is 'Primary Residence'. No initial disclosures present - Due Diligence Vendor-05/13/2025

Resolved-This is acceptable. - Due Diligence Vendor-05/16/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4124834

XXXXXX-2025-NQM3-587

Closed

FCOM9970

2025-05-13 09:17

2025-05-15 18:35

Resolved

1 - Information

Compliance

Missing Doc

Missing Compliance Documentation Unable to Test Compliance

Resolved-This is acceptable. - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. Please review uploaded initial disclosure - Buyer-05/15/2025

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Unable to complete Compliance testing without the missing initial documents. - Due Diligence Vendor-05/13/2025

Resolved-This is acceptable. - Due Diligence Vendor-05/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4127139

XXXXXX-2025-NQM3-587

Closed

FCOM1266

2025-05-13 06:41

2025-05-15 14:50

Resolved

1 - Information

Compliance

Missing Doc

Homeownership Counseling Disclosure Is Missing

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-05/15/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Please review uploaded initial disclosure package - Buyer-05/15/2025

Open-Homeownership Counseling Disclosure Is Missing missing initial disclosure package - Due Diligence Vendor-05/13/2025

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-05/15/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4124881

XXXXXX-2025-NQM3-587

Closed

FCOM1252

2025-05-13 09:16

2025-05-15 14:48

Resolved

1 - Information

Compliance

Missing Doc

TRID: Missing Loan Estimate

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. please review uploaded initial disclosure - Seller-05/15/2025

Open-Provide the missing initial Loan Estimate. - Due Diligence Vendor-05/13/2025

Ready for Review-Document Uploaded. please review uploaded initial disclosure - Seller-05/15/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4127123

XXXXXX-2025-NQM3-587

Closed

FCOM1797

2025-05-13 09:16

2025-05-15 14:48

Resolved

1 - Information

Compliance

Missing Doc

Missing Service Provider List

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. please review uploaded initial disclosure - Seller-05/15/2025

Open-Provide the missing Service Provider List. - Due Diligence Vendor-05/13/2025

Ready for Review-Document Uploaded. please review uploaded initial disclosure - Seller-05/15/2025

Resolved-initial app package now present - Due Diligence Vendor-05/15/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4127133

XXXXXX-2025-NQM3-587

Closed

FCOM4028

2025-05-13 06:24

2025-05-14 12:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4124720

XXXXXX-2025-NQM3-587

Closed

FVAL9739

2025-05-13 07:28

2025-05-13 07:29

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived-As per guide, Guideline requires 12 month seasoning to use appraised value. (Bwr purchased 09/2024)
*Exception form is provided to allow current appraised value of $[Redacted].
*Approved Conditions: 0.25 to price.
*Exception form is on page # 401 of 551 - Due Diligence Vendor-05/13/2025 - Due Diligence Vendor-05/13/2025

5yrs current job, DTI > 10% below program maximum, No credit events past 40 months, No mortgage lates last 24 months, 5+ yrs credit history.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4125461

XXXXXX-2025-NQM3-588

Closed

FCOM4028

2025-05-13 14:21

2025-05-14 13:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4132039

XXXXXX-2025-NQM3-589

Closed

FCOM4028

2025-05-14 08:12

2025-05-15 11:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4137820

XXXXXX-2025-NQM3-590

Closed

FCOM4028

2025-05-13 14:39

2025-05-15 11:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4132276

XXXXXX-2025-NQM3-591

Closed

FCOM1231

2025-05-13 08:16

2025-05-14 15:06

Resolved

1 - Information

Compliance

Missing Doc

The Initial 1003 is Missing

Resolved-initial 1003 now provided. - Due Diligence Vendor-05/14/2025

Ready for Review-Document Uploaded. Please find attached - Buyer-05/14/2025

Open- - Due Diligence Vendor-05/13/2025

Resolved-initial 1003 now provided. - Due Diligence Vendor-05/14/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4126149

XXXXXX-2025-NQM3-591

Closed

FCOM4028

2025-05-13 07:37

2025-05-13 13:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4125587

XXXXXX-2025-NQM3-592

Closed

FCOM4028

2025-05-13 10:46

2025-05-14 12:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4128876

XXXXXX-2025-NQM3-593

Closed

FCOM4028

2025-05-13 08:51

2025-05-14 12:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4126757

XXXXXX-2025-NQM3-593

Closed

FVAL5524

2025-05-13 10:09

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Exception form provided for Maximum acreage for agricultural properties is 10 acres & A manufactured home cannot be rural or be located on agricultural zoning.

Approved conditions of rural + mfr pricing, [Redacted] max

Exception form is on page # 213 of 388 - Due Diligence Vendor-05/13/2025 - Due Diligence Vendor-05/13/2025

Residential income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late
payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum requir

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4128350

XXXXXX-2025-NQM3-594

Closed

FCOM4028

2025-05-13 14:41

2025-05-15 11:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4132296

XXXXXX-2025-NQM3-594

Closed

FCRE1441

2025-05-14 14:41

2025-05-15 10:46

Waived

2 - Non-Material

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Waived--Child Support delinquency s in Oct 2021
-Exception from provide to proceed with loan as borrower was having delinquency child support for more than 150 days during Covid and does not meet open collection guidelines
-Approved condition :- +0.25 to price, [Redacted] max
-Exception form on pg. no 490 - Due Diligence Vendor-05/14/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4143796

XXXXXX-2025-NQM3-595

Closed

FCOM4028

2025-05-14 07:48

2025-05-20 07:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/14/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4137381

XXXXXX-2025-NQM3-595

Closed

123ABCF

2025-05-14 09:37

Waived

2 - Non-Material

Credit

Income/Employment

FICO does not meet minimum program requirement

Waived--AS per guide the minimum FICO should be 680 for SFR rural Property
-Exception from provided to proceed with loan as Borrower FICO is 661.
-Approved Condition :- Rural pricing, [Redacted]
-Exception form on Pg. no 273 of 334
- Due Diligence Vendor-05/14/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4139352

XXXXXX-2025-NQM3-595

Closed

FVAL5385

2025-05-14 09:33

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived--As per guide the property should not be listed for sale within 6 months of application date if transaction type is cash-out refinance
-Exception form provided tp proceed with loan as property was listed till 1-6-25
-Approved Condition :- +0.25 to price, [Redacted] max
-Exception form on pg. no :- 272 of 334 - Due Diligence Vendor-05/14/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4139284

XXXXXX-2025-NQM3-596

Closed

FCRE1995

2025-05-14 10:44

2025-05-16 07:11

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD backed out. - Due Diligence Vendor-05/16/2025
Ready for Review-Document Uploaded. 1,700 EMD and 150.00 option fee were backed out of [Redacted]. - Buyer-05/16/2025
Open- - missing - Due Diligence Vendor-05/14/2025

Resolved-resolved with lender comments. EMD backed out. - Due Diligence Vendor-05/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4140204

XXXXXX-2025-NQM3-596

Closed

FCOM4028

2025-05-14 09:25

2025-05-15 10:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4139183

XXXXXX-2025-NQM3-597

Closed

FCOM4028

2025-05-14 08:53

2025-05-15 13:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/14/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4138402

XXXXXX-2025-NQM3-598

Closed

FCOM4028

2025-05-14 09:39

2025-05-16 08:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/16/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/14/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

4139459

XXXXXX-2025-NQM3-598

Closed

FVAL9739

2025-05-14 10:38

2025-05-14 10:44

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived - As per guide, Rural Property cannot generate income.
*Exception form is provided to allow generation of income.
*Approved Conditions: [Redacted] max, 680 minimum FICO for Rural
*Exception form is on page #296 of 413 - [Redacted] 5/14/2025 - Due Diligence Vendor-05/14/2025

No credit events past 40 months, 5+ years credit history, and No consumer late payments in the last 24 months.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

Originator Pre-Close

Yes

4140127

XXXXXX-2025-NQM3-599

Closed

1910-1003925

2025-05-14 09:34

2025-05-19 08:05

Acknowledged

2 - Non-Material

Compliance

Mavent

Interest: DaysInYear

Acknowledged-Lender used a standard FNMA 360 day note. This is acceptable to lender. - Due Diligence Vendor-05/19/2025
Ready for Review-[Redacted] state law is unclear as to the requirement for a 365 day note for a second lien. The [Redacted] case law would suggest that a 365 day note is required but only to the extent that APR does not exceed 12% usuary limit. In this case it does not. - Buyer-05/16/2025
Open-The interest days in year used to calculate the interest (Periodic 360) is less than 365 days. The [Redacted] Interest and Usury provisions require the number of days used for the interest rate calculation to equal 365. (RCW 19.52.020; [Redacted] v. [Redacted], 90 [Redacted]. 2d 680, 586 P. 2d 830 (1978)) - Due Diligence Vendor-05/14/2025

Acknowledged-Lender used a standard FNMA 360 day note. This is acceptable to lender. - Due Diligence Vendor-05/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

4139296

XXXXXX-2025-NQM3-599

Closed

FCOM3075

2025-05-14 07:07

2025-05-16 07:15

Resolved

1 - Information

Compliance

Missing Doc

Missing US Patriot Act Disclosure or the document is incomplete

Resolved-lender is accepting a name affidavit for last name missing on Note and Deed. - Due Diligence Vendor-05/16/2025
Ready for Review-According to Signature Affidavit and AKA statement, [Redacted] is one of name variations of the Borrower. - Buyer-05/16/2025
Open-Borrower name is missing last name - Due Diligence Vendor-05/14/2025

Resolved-lender is accepting a name affidavit for last name missing on Note and Deed. - Due Diligence Vendor-05/16/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4136889

XXXXXX-2025-NQM3-599

Closed

FCOM6472

2025-05-14 04:43

2025-05-16 07:15

Resolved

1 - Information

Compliance

Missing Doc

Missing Note data

Resolved-lender is accepting a name affidavit for last name missing on Note and Deed. - Due Diligence Vendor-05/16/2025
Ready for Review-According to Signature Affidavit and AKA statement, [Redacted] is one of name variations of the Borrower. - Buyer-05/16/2025
Open-Borrower last name is missing from Note and Deed of Trust. - Due Diligence Vendor-05/14/2025

Resolved-lender is accepting a name affidavit for last name missing on Note and Deed. - Due Diligence Vendor-05/16/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4135849

XXXXXX-2025-NQM3-599

Closed

FCOM4028

2025-05-14 04:43

2025-05-15 10:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4135847

XXXXXX-2025-NQM3-600

Closed

FCRE1253

2025-05-14 10:13

2025-05-20 05:07

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-lender used a percentage to calculate taxes which is actually more conservative than tax bill. TPR accepts this - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1 - Buyer-05/19/2025

Open-Missing Property Tax Cert need tax cert for $4770. Smart fee and calc in file show 3072/ yr not $4770 - Due Diligence Vendor-05/14/2025

Resolved-lender used a percentage to calculate taxes which is actually more conservative than tax bill. TPR accepts this - Due Diligence Vendor-05/20/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4139860

XXXXXX-2025-NQM3-600

Closed

FCOM2276

2025-05-14 09:56

2025-05-20 05:06

Resolved

1 - Information

Compliance

TRID

Final CD: Disbursement Date is missing or inaccurate

Resolved-corrected CD with closing date provided. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see updated Final CD with correct date - Buyer-05/19/2025

Open-closing date is 3 days after Note - Due Diligence Vendor-05/14/2025

Resolved-corrected CD with closing date provided. - Due Diligence Vendor-05/20/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4139668

XXXXXX-2025-NQM3-600

Closed

FCOM1233

2025-05-14 09:33

2025-05-20 05:05

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-corrected application listing subject property as REO is now present. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see attached updated 1003 - Buyer-05/19/2025

Open-The Final 1003 is Incomplete subject property not listed as REO - Due Diligence Vendor-05/14/2025

Resolved-corrected application listing subject property as REO is now present. - Due Diligence Vendor-05/20/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4139283

XXXXXX-2025-NQM3-600

Closed

FCOM4028

2025-05-14 09:04

2025-05-15 13:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4138603

XXXXXX-2025-NQM3-601

Closed

FCOM4028

2025-05-14 11:43

2025-05-15 10:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/14/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4140914

XXXXXX-2025-NQM3-602

Closed

FCRE9163

2025-05-14 11:49

2025-05-16 12:53

Resolved

1 - Information

Credit

Missing Doc

Missing Updated Credit Report Supplement

Resolved-Lender has reviewed pay history and accepted that it does not have any lates. - Due Diligence Vendor-05/16/2025
Ready for Review-As per the credit supplement yes the DLA was last active 2/25 however, if the full item is reviewed it does confirm next payment due date is 4/1/2025. Following guidelines we do not break any of the rules for the mortgage payment history for this loan casefile. - Buyer-05/16/2025
Open-Most recent payment proof is missing for Mortgage Ac "[Redacted]" #[Redacted]
Note :- As per available credit supplement in file DLA is 2-25 refer pg. no 212 of 348. - Due Diligence Vendor-05/14/2025

Resolved-Lender has reviewed pay history and accepted that it does not have any lates. - Due Diligence Vendor-05/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4141000

XXXXXX-2025-NQM3-602

Closed

FCOM4028

2025-05-14 10:22

2025-05-15 14:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/14/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4139942

XXXXXX-2025-NQM3-602

Closed

FCRE1200

2025-05-14 11:47

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived--As per rate sheet minimum loan amount should be $[Redacted]
-Exception from provided to proceed with loan as file loan amount is $[Redacted]
-Approved Condition :- 0.25 to price
-Exception form on Pg. no 297 of 348 - Due Diligence Vendor-05/14/2025

No credit events past 40 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4140958

XXXXXX-2025-NQM3-603

Closed

FCRE8087

2025-05-14 12:02

2025-05-19 13:03

Resolved

1 - Information

Credit

Closing

Guaranty Agreement Incomplete - Missing Page(s)

Resolved-guaranty now present - Due Diligence Vendor-05/19/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-05/19/2025

Open-Guaranty document 3rd page is missing refer page#100 of 156 - Due Diligence Vendor-05/14/2025

Resolved-guaranty now present - Due Diligence Vendor-05/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4141206

XXXXXX-2025-NQM3-603

Closed

FCOM4028

2025-05-14 11:34

2025-05-16 10:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4140801

XXXXXX-2025-NQM3-604

Closed

FCOM4028

2025-05-15 05:00

2025-05-16 11:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4147516

XXXXXX-2025-NQM3-605

Closed

FVAL3525

2025-05-14 07:36

2025-05-16 12:54

Resolved

1 - Information

Property

Appraisal

Valuation product is deficient

Resolved-1004d is used to also update CU per lender. resolved with lender comments - Due Diligence Vendor-05/16/2025

Ready for Review-pages 541-548 - Buyer-05/16/2025

Counter-unable to locate please provide page number - Due Diligence Vendor-05/15/2025

Ready for Review-We had 1004D on file dated 04/10/2025 - Buyer-05/15/2025

Open-Page 505 - SSR / CU in file is stale dated -12/11/2024 > 120 days old. Note date is 05/08/2025. - Due Diligence Vendor-05/14/2025

Resolved-1004d is used to also update CU per lender. resolved with lender comments - Due Diligence Vendor-05/16/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4137237

XXXXXX-2025-NQM3-605

Closed

FCRE3876

2025-05-14 06:56

2025-05-15 14:54

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E&O now present - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Please review uploaded E&O - Buyer-05/15/2025

Open-Title O&E Policy is Missing or Expired Policy, page 22, Expired 05/01/2025 - Note date is 05/08/2025 - Due Diligence Vendor-05/14/2025

Resolved-E&O now present - Due Diligence Vendor-05/15/2025

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4136778

XXXXXX-2025-NQM3-605

Closed

FCOM4028

2025-05-14 06:48

2025-05-14 11:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4136698

XXXXXX-2025-NQM3-605

Closed

FCRE1437

2025-05-14 07:11

2025-05-14 07:43

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Waived-As per guide, Bank stmt program allows a maximum of 3 NSF's in 12 months.
*Exception form is provided to allow 5 in last 12 months
*Approved Conditions: 0.25 to price
*Exception form is on page # 64 - Due Diligence Vendor-05/14/2025 - Due Diligence Vendor-05/14/2025

10 yrs same line of employment, 5+ yrs credit history, No mortgage lates last 24 months, 5+ yrs credit history, No consumer lates last 24 months.

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4136920

XXXXXX-2025-NQM3-606

Closed

FCRE6019

2025-05-15 01:07

2025-05-19 08:26

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-missing information provided - Due Diligence Vendor-05/19/2025
Ready for Review-Document Uploaded. Please see attached, per our system borrower's citizenship country is [Redacted] - Buyer-05/16/2025
Open-Borrower 1 Citizenship Documentation Is Missing Please provide Supporting ID proof to verify citizenship as borrower is non permanent resident alien - Due Diligence Vendor-05/15/2025

Resolved-missing information provided - Due Diligence Vendor-05/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4146684

XXXXXX-2025-NQM3-606

Closed

FCOM4028

2025-05-14 23:49

2025-05-15 15:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-05/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4146148

XXXXXX-2025-NQM3-607

Closed

FCOM4028

2025-05-15 08:29

2025-05-16 11:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4149799

XXXXXX-2025-NQM3-608

Closed

FCRE1252

2025-05-14 10:14

2025-05-16 07:28

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-Title Document is Provided And Complete - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. Plese see the preliminary title. - Buyer-05/16/2025

Open-Title Document is Incomplete Only Sch A is present -page 307 - Due Diligence Vendor-05/14/2025

Resolved-Title Document is Provided And Complete - Due Diligence Vendor-05/16/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4139867

XXXXXX-2025-NQM3-608

Closed

FCOM4028

2025-05-14 09:49

2025-05-15 13:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4139577

XXXXXX-2025-NQM3-609

Closed

FCOM4028

2025-05-15 11:18

2025-05-16 11:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4153099

XXXXXX-2025-NQM3-610

Closed

FCOM4028

2025-05-14 13:43

2025-05-15 15:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4142887

XXXXXX-2025-NQM3-611

Closed

2260

2025-05-16 12:14

2025-05-19 08:28

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments. no prepayment - Due Diligence Vendor-05/19/2025

Ready for Review-Document Uploaded. Per our system and Lock form, there is no prepayment penalty for this loan. Please see attached - Buyer-05/17/2025

Open-confirm none - Due Diligence Vendor-05/16/2025

Resolved-resolved with lender comments. no prepayment - Due Diligence Vendor-05/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4166714

XXXXXX-2025-NQM3-611

Closed

FCOM4028

2025-05-14 13:01

2025-05-16 12:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4142139

XXXXXX-2025-NQM3-612

Closed

FCRE1226

2025-05-14 15:17

2025-05-20 05:14

Resolved

1 - Information

Credit

Missing Doc

Appraisal document is incomplete or partial

Resolved-based on lender comments, they reviewed alternative docs in file such as fraudguard to make the determination this is not a non-arms length transaction. Resolved by lender comments. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. please see attached comments provided by UW 1 and Sr. UW - Buyer-05/20/2025

Open-Information regarding transaction is Arm length or not is missing on both the appraisals available on page #30, 79 of 394 - Due Diligence Vendor-05/14/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4144311

XXXXXX-2025-NQM3-612

Closed

FCOM4028

2025-05-14 13:39

2025-05-16 12:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4142840

XXXXXX-2025-NQM3-613

Closed

FCOM1233

2025-05-14 15:36

2025-05-20 13:08

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-final 1003 now present - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please review uploaded updated final 1003 - Buyer-05/20/2025

Counter-disagree. please look at each data field. None of the data is filled on final 1003's - Due Diligence Vendor-05/19/2025

Ready for Review-The final 1003 starts on page 407 and ends on page 422 it's complete and signed by borrowers. - Buyer-05/19/2025

Open-The Final 1003 is Incomplete Final 1003 for B1 & B2 only signature provided rest all the information is missing refer page# 407,414 - Due Diligence Vendor-05/14/2025

Resolved-final 1003 now present - Due Diligence Vendor-05/20/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

No Cash Out - Borrower Initiated

N/A

4144463

XXXXXX-2025-NQM3-613

Closed

FCOM4028

2025-05-14 15:07

2025-05-16 13:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

No Cash Out - Borrower Initiated

N/A

4144176

XXXXXX-2025-NQM3-614

Closed

FCOM4028

2025-05-15 04:04

2025-05-15 15:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-05/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

4147329

XXXXXX-2025-NQM3-615

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-616

Closed

FCOM4028

2025-05-14 15:31

2025-05-15 09:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4144420

XXXXXX-2025-NQM3-617

Closed

FCOM4028

2025-05-14 19:17

2025-05-15 07:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/15/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4145611

XXXXXX-2025-NQM3-618

Closed

FCRE1205

2025-05-15 05:03

2025-05-16 13:08

Resolved

1 - Information

Credit

Eligibility

OFAC Check Not Completed and/or Cleared

Resolved-lender reviewed and no OFAC hit on borower. - Due Diligence Vendor-05/16/2025

Ready for Review-None of the callouts in FG are for a watchlist item so it wasn't called out by FG. This is okay to proceed. - Buyer-05/16/2025

Open-OFAC Check Not Completed and/or Cleared OFAC not cleared in fraud report in page#61_Credit_pkg_1.pdf. Pending for Appraiser 1 per Page 99_Credit_pkg_1.pdf. - Due Diligence Vendor-05/15/2025

Resolved-lender reviewed and no OFAC hit on borower. - Due Diligence Vendor-05/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4147526

XXXXXX-2025-NQM3-618

Closed

FCOM4028

2025-05-15 03:36

2025-05-15 15:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-05/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4147227

XXXXXX-2025-NQM3-619

Closed

FCOM4028

2025-05-15 07:22

2025-05-16 08:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4148983

XXXXXX-2025-NQM3-620

Closed

FCOM4028

2025-05-15 03:14

2025-05-15 15:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in file - Due Diligence Vendor-05/15/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4147177

XXXXXX-2025-NQM3-621

Closed

FCOM4028

2025-05-14 15:55

2025-05-19 08:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4144678

XXXXXX-2025-NQM3-621

Closed

FCRE8611

2025-05-15 08:10

2025-05-19 08:27

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-*Exception form is provided to allow there are some inconsistent deposits into business account, but consistent deposits into one of the personal accounts we are using. Guides call for consistent level of deposits and this does not meet guideline.
*Approved Conditions: [Redacted] max 0.25 to price
*Exception form is on page #39 of 104 - Due Diligence Vendor-05/15/2025

Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, Borrower contribution exceeds requirement >=5%

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4149529

XXXXXX-2025-NQM3-622

Closed

FCOM4028

2025-05-15 09:06

2025-05-19 09:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4150338

XXXXXX-2025-NQM3-622

Closed

FVAL5472

2025-05-16 08:37

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-As per guide, Gross living area < 500 square feet is an Ineligible Property
*Exception form is provided to allow Unit #[Redacted] GLA under 500 sq ft
*Approved Conditions : [Redacted] Max & Rural Pricing
*Exception form is on page #93 of 346 - Due Diligence Vendor-05/16/2025

Waived-As per guide, Gross living area < 500 square feet is an Ineligible Property
*Exception form is provided to allow Unit #v GLA under 500 sq ft
*Approved Conditions : [Redacted] Max & Rural Pricing
*Exception form is on page #93 of 346 - Due Diligence Vendor-05/16/2025

No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4163186

XXXXXX-2025-NQM3-622

Closed

FPRO1251

2025-05-15 10:27

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-As per guide, A multifamily property cannot be located on rural or agricultural zoning
*Exception form is provided to allow rural or agricultural zoning
*Approved Conditions : [Redacted] Max & Rural Pricing
*Exception form is on page #93 of 346 - Due Diligence Vendor-05/15/2025

No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4152214

XXXXXX-2025-NQM3-623

Closed

FPRO1136

2025-05-15 11:12

2025-05-21 13:16

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Resolved-lender has reviewed value and deemed acceptable. resolved with lender comments. - Due Diligence Vendor-05/21/2025

Ready for Review-1004D is not always ordered based on Subject to notion. Here, the appraiser states that the value is based on the remodeling completion and will not change.
Aso "Subject improvements have been partially remodeled and are in good condition, overall". "The Subject Property conforms to the neighborhood with respect to its functional utility, style, condition, use, and construction"

Reason why it states to be remodeled is that it is built [Redacted], and the economic life is 90 years.

There is no evidence of evidence of infestation, dampness, or settlement, and a full description is provided.
- Buyer-05/21/2025

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis 1004 D Document is missing - Due Diligence Vendor-05/15/2025

Resolved-lender has reviewed value and deemed acceptable. resolved with lender comments. - Due Diligence Vendor-05/21/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4152980

XXXXXX-2025-NQM3-623

Closed

FCOM4028

2025-05-15 09:44

2025-05-19 13:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4151215

XXXXXX-2025-NQM3-624

Closed

FCRE1335

2025-05-15 08:16

2025-05-16 13:11

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/16/2025

Resolved-transcripts now present - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. Please find attached - Buyer-05/16/2025

Open-Borrower 1 IRS Transcripts Missing None in file - Due Diligence Vendor-05/15/2025

Resolved-Borrower 1 IRS Transcripts Provided - Due Diligence Vendor-05/16/2025

Resolved-transcripts now present - Due Diligence Vendor-05/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4149594

XXXXXX-2025-NQM3-624

Closed

FCOM4028

2025-05-15 07:40

2025-05-15 10:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4149173

XXXXXX-2025-NQM3-624

Closed

FCRE1501

2025-05-15 08:37

Waived

2 - Non-Material

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Waived-Total Qualified Assets for Reserves Post-Close of $12144.33 is less than Total Required Reserve Amount of $20937.36 Waived-As per guide, FTHB Guideline requires 6 months PITI Reserves
*Exception form is provided to allow 3 months - which Bwr meets.
*Approved Conditions: [Redacted] max,0.5 to price
*Exception form is on page # 318 of 560 - Due Diligence Vendor-05/15/2025 - Due Diligence Vendor-05/15/2025

Revolving debt under 30%, No consumer late payments last 24 months, No credit events past 40 months, LTV 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4149916

XXXXXX-2025-NQM3-625

Closed

FCRE1501

2025-05-15 11:47

2025-06-13 13:01

Waived

2 - Non-Material

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Waived-wavier provided for reserves shortage - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. PC exception for the shortage - Buyer-06/13/2025

Open-Total Qualified Assets for Reserves Post-Close of $10254.61 is less than Total Required Reserve Amount of $10334.04 Please provide additional assets for reserves. Total Requirement $10,334.04 (6*$1,722.34 amount) ,Available $ 54,367.50, shortage is $79.43. - Due Diligence Vendor-05/15/2025

Waived-wavier provided for reserves shortage - Due Diligence Vendor-06/13/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

4153579

XXXXXX-2025-NQM3-625

Closed

FCOM4028

2025-05-15 09:29

2025-05-19 14:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4150971

XXXXXX-2025-NQM3-625

Closed

FCRE1348

2025-05-15 11:59

Waived

2 - Non-Material

Credit

Income/Employment

Borrower 2 Total Years Employment Verified is Less Than 24 Months

Waived--As per guide minimum 2 years of employment history is required
-Exception from provided to proceed with loan as Borrower 2 Employment history is less than 2 Years.
-Approved Condition :- 0.25 to price
-Exception form on pg. no 75 of 174. - Due Diligence Vendor-05/15/2025

Several income sources and DTI below 45%, Residual income >=3000$, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4153759

XXXXXX-2025-NQM3-626

Closed

FVAL5524

2025-05-19 00:07

2025-05-20 13:11

Waived

2 - Non-Material

Property

Ineligible Property

Waived-The basement is unfinished used for storage and supplemental by the laundromat per appraisal in page #22 [Redacted] credit package.pdf (13% of subject Property utilized for commercial purpose) however exception document is in page # 455 of [Redacted] credit package.pdf - Due Diligence Vendor-05/19/2025

LTV 10% below maximum-Calculated LTV 21.65% is below 10% from Maximum Guideline LTV 70%, Reserves >6 months; 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4174933

XXXXXX-2025-NQM3-626

Closed

FCRE8800

2025-05-19 00:08

2025-05-20 13:11

Resolved

1 - Information

Credit

Eligibility

Compensating Factors are insufficient to approve Exception Waiver

Resolved-sufficient 3rd comp factor now present - Due Diligence Vendor-05/20/2025
Ready for Review-Document Uploaded. Please review uploaded updated exception form - Buyer-05/20/2025
Open-Compensating factors are insufficient. we have only 2 valid Compensating Factors in Exception Report page #455 of [Redacted] Credit Pkg. Below is the invalid Compensating factors -
1. Residual Income - Subject Transaction is Investment DSCR loan. Hence, Residual Income neither calculated nor required - Due Diligence Vendor-05/19/2025

Resolved-sufficient 3rd comp factor now present - Due Diligence Vendor-05/20/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4174936

XXXXXX-2025-NQM3-626

Closed

FCOM4028

2025-05-17 11:25

2025-05-19 14:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4172608

XXXXXX-2025-NQM3-627

Closed

FCOM4028

2025-05-16 05:36

2025-05-19 14:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

4161383

XXXXXX-2025-NQM3-628

Closed

FCOM4028

2025-05-15 11:46

2025-05-16 08:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4153571

XXXXXX-2025-NQM3-628

Closed

FCRE5658

2025-05-15 12:32

Waived

2 - Non-Material

Credit

Eligibility

Non-occupant co-borrowers not allowed per guidelines

Waived-Waived-As per guide, non-occupant borrowers cannot be the primary income earners
*Exception form is provided to allow non-occupant as the primary income earners
*Approved Conditions: [Redacted]% max and 0.25 to price
*Exception form is on page # 427 of 494 - Due Diligence Vendor-05/03/2025 - Due Diligence Vendor-05/15/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4154337

XXXXXX-2025-NQM3-629

Closed

FCOM4028

2025-05-16 02:44

2025-05-19 14:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage Recoding missing in File - Due Diligence Vendor-05/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4160727

XXXXXX-2025-NQM3-630

Closed

FCOM4028

2025-05-15 09:01

2025-05-16 08:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4150298

XXXXXX-2025-NQM3-630

Closed

FCRE1437

2025-05-15 09:54

2025-05-15 10:16

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Waived-As per guide, 1099 program requires 1 yr 1099. Lender obtained primary employment 1099 but it was not in borrower's name (not in file but [Redacted] are and there is no primary 1099 income listed on xscripts-page 342). Other 1099s are present for SSA and retirement income.
*Exception form is provided to allow loan to proceed without primary income on Transcript - Lender obtained a WVOE and Operating agreement from which the borrower operates under - Realtors who are under an umbrella LLC but are independent -page 391.
*Approved Conditions: [Redacted] max, 0.25 to price.
*Exception form is on page #400 of 500 - Due Diligence Vendor-05/15/2025 - Due Diligence Vendor-05/15/2025

5+ year credit history, No consumer late payments last 24 months, LTV> 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4151425

XXXXXX-2025-NQM3-631

Closed

FCOM4028

2025-05-15 11:27

2025-05-19 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4153220

XXXXXX-2025-NQM3-632

Closed

FCOM4028

2025-05-15 13:02

2025-05-19 13:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4154792

XXXXXX-2025-NQM3-633

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-634

Closed

FCRE4104

2025-05-15 11:35

2025-05-23 06:27

Resolved

1 - Information

Credit

Missing Doc

Missing explanation and supporting documentation for large deposit(s)

Resolved-resolved with lender comments.  Average balance is slightly under 50% of current balance and therefore lender is ok with no sourcing. - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/23/2025

Counter-we agree with assessment and that is reason for finding  The average balance is more than half current balance and large increased undocumented or explained.  Need large deposits sourced/explained - Due Diligence Vendor-05/21/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-05/21/2025

Open-Page 48 - Only  Asset stmt in file ( VOD type from Bank) . However average balance for last 3 months is $12,448.33. Current balance os $26,346 - no other supporting documentation or full asset statements in file to determine source of 100% plus increase.  - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/23/2025

Resolved-resolved with lender comments. Average balance is slightly under 50% of current balance and therefore lender is ok with no sourcing. - Due Diligence Vendor-05/23/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4153384

XXXXXX-2025-NQM3-634

Closed

FCRE1437

2025-05-15 11:10

2025-05-22 06:31

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-lender provided WVOE and income calculation used to qualify, finding is resolved - Due Diligence Vendor-05/22/2025

Ready for Review-Document Uploaded. Please see attached Income Calculation provided for this loan - Buyer-05/22/2025

Counter-Income used to qualify was $9500/ mo. This WVOE only supports $7000/mo and a bonus that averages $2403 YTD. Also the YTD base salary does not support 7k/ month. Need income calculator to show support of $9500/ month - Due Diligence Vendor-05/21/2025

Ready for Review-Document Uploaded. Please see attached WVOE - Buyer-05/21/2025

Open-Income and Employment Do Not Meet Guidelines WVOE program but document is not in file -missing WVOE - Due Diligence Vendor-05/15/2025

Resolved-lender provided WVOE and income calculation used to qualify, finding is resolved - Due Diligence Vendor-05/22/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4152934

XXXXXX-2025-NQM3-634

Closed

FCOM4028

2025-05-15 10:42

2025-05-15 14:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4152531

XXXXXX-2025-NQM3-634

Closed

FCRE1491

2025-05-15 11:33

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Asset Qualification Does Not Meet Guideline Requirements Waived-As per guide, WVOE Guideline requires a 20% O/O contribution when Gift Funds are present.
*Exception form is provided to allow $80,000 in gift funds from Bwr's Spouse (also on title) Bwr is a FTHB with a contribution of approx 5%.
*Approved Conditions: [Redacted] max, 0.5 to price
*Exception form is on page # 331 of 442- Due Diligence Vendor-05/15/2025 - Due Diligence Vendor-05/15/2025

DTI > 10% below program maximum, No credit events past 40 months, 5+ years credit history,No consumer lates last 24 months, LTV 10% below maximum, Credit Score > 40 points above program minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4153277

XXXXXX-2025-NQM3-635

Closed

FCOM4028

2025-05-15 13:34

2025-05-19 13:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4155376

XXXXXX-2025-NQM3-635

Closed

FCRE1200

2025-05-15 15:09

2025-05-19 12:45

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived--As per rate sheet Minimum Loan Amount is [Redacted]
-Exception form provided to proceed with loan as file loan amount is $[Redacted]
-Approved condition :- $[Redacted] LA MAX & 0.25 to price
-Exception form on pg. no 265 of 320.
- Due Diligence Vendor-05/15/2025

Revolving debt is under 30%, 5 years on current job, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4157043

XXXXXX-2025-NQM3-636

Closed

FCOM4028

2025-05-16 02:23

2025-05-19 12:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4160631

XXXXXX-2025-NQM3-637

Closed

FCOM1221

2025-05-16 14:55

2025-06-05 08:41

Resolved

1 - Information

Compliance

Missing Doc

The Deed of Trust is Incomplete

Resolved-corrected Deed of Trust now present and riders are marked - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. - Buyer-06/04/2025

Open-The Deed of Trust is Incomplete Deed of Trust reflecting other required Riders : page #30 of 171 but riders name is missing.
Note :- Prepayment Rider to Sec/Int. & Short-Term Rental Rider available in file on page #56 & 58 of 171 - Due Diligence Vendor-05/16/2025

Resolved-corrected Deed of Trust now present and riders are marked - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4169165

XXXXXX-2025-NQM3-637

Closed

FCOM4028

2025-05-15 15:03

2025-05-19 12:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4156970

XXXXXX-2025-NQM3-637

Closed

FPRO1251

2025-05-15 16:42

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-*Exception form is provided to allow commercial zoning
*Approved Conditions: +0.25 to price, [Redacted] max
*Exception form is on page #383 of 405 - Due Diligence Vendor-05/15/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4158052

XXXXXX-2025-NQM3-637

Closed

FVAL5474

2025-05-15 16:40

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, The unit must have a full-size kitchen and a separate bedroom. Units with kitchenettes are considered on a case-by-case basis.
*Exception form is provided to allow condotel unit with kitchenette and no separate bedroom
*Approved Conditions: +0.25 to price, [Redacted] max
*Exception form is on page #383 of 405 - Due Diligence Vendor-05/15/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4158045

XXXXXX-2025-NQM3-638

Closed

FCOM4028

2025-05-16 05:36

2025-05-16 11:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/16/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage Recoding missing in File - Due Diligence Vendor-05/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4161382

XXXXXX-2025-NQM3-639

Closed

FCRE9991

2025-05-16 11:03

2025-06-16 12:09

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-Data tape updated for corrected DTI - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. DTI updated. Please see attached updated tape, Al, 1008 and lock/ - Buyer-06/16/2025

Open- - DTI should be 46.82%. Approval is 40.26%. DTI off because non-occupant co borrower's primary residence payment was not included in the DTI. - Due Diligence Vendor-05/16/2025

Resolved-Data tape updated for corrected DTI - Due Diligence Vendor-06/16/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4165498

XXXXXX-2025-NQM3-639

Closed

FCOM4028

2025-05-16 09:55

2025-05-19 12:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4164633

XXXXXX-2025-NQM3-639

Closed

FCRE5658

2025-05-16 11:05

2025-05-19 12:01

Waived

2 - Non-Material

Credit

Eligibility

Non-occupant co-borrowers not allowed per guidelines

Waived-Waived-As per guide, non-occupant borrowers cannot be the primary income earners
*Exception form is provided to allow non-occupant borrowers to be the primary income earners
*Approved Conditions: 0.5 to price, [Redacted] max
*Exception form is on page # 70 of 201 - Due Diligence Vendor-05/16/2025 - Due Diligence Vendor-05/16/2025

DTI below 45%, 5 years on current job, Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4165522

XXXXXX-2025-NQM3-640

Closed

FCOM4028

2025-05-16 08:46

2025-05-19 09:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4163343

XXXXXX-2025-NQM3-641

Closed

FCOM4028

2025-05-15 15:59

2025-05-19 11:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4157732

XXXXXX-2025-NQM3-642

Closed

50001257-Fees-Limited

2025-05-15 18:04

2025-05-20 13:37

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That In Total Cannot Increase More Than 10% Test (50001257)

Resolved-This is acceptable. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please review uploaded COC - Buyer-05/20/2025

Open-The total amount of the 10% category fees ($506.00) has increased by more than 10% over the current baseline value of ($450.00). The total amount of fees in the 10% category cannot exceed ($495.00). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). Mortgage/Deed Recording Fee increased from $450.00 on LE 04/11/2025 to $506.00 on CD 05/05/2025 without a Change of Circumstance. - Due Diligence Vendor-05/16/2025

Resolved-This is acceptable. - Due Diligence Vendor-05/20/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4158322

XXXXXX-2025-NQM3-642

Closed

FCRE1995

2025-05-15 14:01

2025-05-19 13:21

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, they backed out EMD - Due Diligence Vendor-05/19/2025

Ready for Review-EMD was backed out - Buyer-05/19/2025

Open- - missing - Due Diligence Vendor-05/15/2025

Resolved-resolved with lender comments, they backed out EMD - Due Diligence Vendor-05/19/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4155924

XXXXXX-2025-NQM3-642

Closed

FCOM4028

2025-05-15 13:28

2025-05-16 05:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4155251

XXXXXX-2025-NQM3-643

Closed

FCOM4028

2025-05-16 07:24

2025-05-20 09:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4162282

XXXXXX-2025-NQM3-643

Closed

FCRE1200

2025-05-16 08:23

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Guideline Minimum Loan Amount is [Redacted]
*Exception form is provided to allow loan amount of $[Redacted]
*Approved Conditions: 0.25 to price
*Exception form is on page #258 of 287 - Due Diligence Vendor-05/16/2025

Revolving debt is under 30%, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4163041

XXXXXX-2025-NQM3-644

Closed

FCOM4028

2025-05-16 07:16

2025-05-16 09:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4162186

XXXXXX-2025-NQM3-645

Closed

FCOM4028

2025-05-16 08:33

2025-05-19 13:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4163158

XXXXXX-2025-NQM3-645

Closed

FCRE6389

2025-05-16 09:48

2025-05-19 12:57

Waived

2 - Non-Material

Credit

Eligibility

Credit score not provided

Waived-Waived-As per guide, Program Guideline Minimum requires at least two credit scores.
*Exception form is provided to allow Borrower 2 with one score (755). Credit history from 08/2018 but just limited use.
*Approved Conditions: ok -0.25 to price
*Exception form is on page # 445 of 570 - Due Diligence Vendor-05/15/2025
- Due Diligence Vendor-05/16/2025

5+ yr credit history, No consumer late payments in last 24 months, 2+ bwrs on loan, Reserves > 12 months.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4164551

XXXXXX-2025-NQM3-646

Closed

FCOM4028

2025-05-18 23:20

2025-05-19 11:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage Recoding missing in File - Due Diligence Vendor-05/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4174835

XXXXXX-2025-NQM3-647

Closed

FPRO1242

2025-05-19 07:01

2025-05-21 06:49

Resolved

1 - Information

Property

Missing Doc

Appraisal is Missing

Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-05/21/2025

Ready for Review-Document Uploaded. Please see attached Appraisal Report provided for this loan - Buyer-05/21/2025

Open-Appraisal is Missing - Due Diligence Vendor-05/19/2025

Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-05/21/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4176543

XXXXXX-2025-NQM3-647

Closed

FCOM4028

2025-05-16 13:34

2025-05-20 12:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4168036

XXXXXX-2025-NQM3-648

Closed

FCOM4028

2025-05-19 08:20

2025-05-20 15:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4177503

XXXXXX-2025-NQM3-649

Closed

FCOM4028

2025-05-19 06:59

2025-05-20 12:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4176525

XXXXXX-2025-NQM3-649

Closed

FCRE1228

2025-05-19 07:18

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Non sufficient funds exceeds max allowed for bank statement program- 5 negative balances in 12mo
Comments No NSFs & overdrafts happened, only negative balances took place.
pg 328 - Due Diligence Vendor-05/19/2025

Compensating Factors
Revolving debt is under 30%, 5 years on current job, 10 years or more in the same line of employment, No credit events past 40 months,
5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than
minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months
Credit Decision
Status & Date of Decision Approved With Conditions 04/22/2025 0.25 to price

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4176707

XXXXXX-2025-NQM3-650

Closed

FCOM4028

2025-05-18 00:01

2025-05-20 10:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4173410

XXXXXX-2025-NQM3-650

Closed

FVAL5524

2025-05-18 23:14

2025-05-19 11:28

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Subject property is Manufacture home which is in Rural Area. however exception document is in page #333 of credit pkg.pdf - Due Diligence Vendor-05/19/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #2 of credit pkg.pdf
5+ years credit history-Oldest tradeline date in CBR page # 2 of Credit Package.pdf is 03/01/2003
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #2 of credit pkg.pdf
Credit score >40 points than minimum required-Audited FICO 768 and Guideline maximum FICO 680 with difference 88 which is greater than 40

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4174823

XXXXXX-2025-NQM3-651

Closed

FCOM4028

2025-05-19 08:47

2025-05-20 12:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4177905

XXXXXX-2025-NQM3-652

Closed

FCOM4028

2025-05-16 12:26

2025-05-20 10:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4166912

XXXXXX-2025-NQM3-653

Closed

FCOM4028

2025-05-16 12:09

2025-05-20 15:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4166641

XXXXXX-2025-NQM3-654

Closed

FCOM4028

2025-05-16 13:19

2025-05-19 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4167764

XXXXXX-2025-NQM3-655

Closed

FCOM4028

2025-05-17 07:56

2025-05-19 10:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4172137

XXXXXX-2025-NQM3-655

Closed

FCRE8201

2025-05-17 08:52

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Waived-As per guide, Guidelines do not permit Gift of Equity transactions.
*Exception form is provided to allow the gift of equity - Family sale.
*Approved Conditions: [Redacted] max, ok with 0.5 to price
*Exception form is on page # 12 of 109 - Due Diligence Vendor-05/17/2025 - Due Diligence Vendor-05/17/2025

DTI > 10% below program maximum, No credit events past 40 months, No consumer lates last 24 months, 2+ bwrs on loan.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4172301

XXXXXX-2025-NQM3-656

Closed

FCRE1356

2025-05-19 08:11

2025-05-22 13:19

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 YTD Profit & Loss Missing

Resolved-Borrower 2 YTD Profit & Loss Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-05/22/2025

Ready for Review-Document Uploaded. - Buyer-05/22/2025

Open-Borrower 2 YTD Profit & Loss Missing Profit & Loss statement is missing for borrower 2 - Due Diligence Vendor-05/19/2025

Resolved-Borrower 2 YTD Profit & Loss Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-05/22/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4177385

XXXXXX-2025-NQM3-656

Closed

FCOM4028

2025-05-16 15:02

2025-05-21 18:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/22/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/16/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/22/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4169261

XXXXXX-2025-NQM3-657

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-658

Closed

63850-76790

2025-05-19 07:53

2025-06-25 10:22

Resolved

1 - Information

Compliance

Fees:Prohibited

Washington - Fees Allowed (Lender)(01/10)

Resolved-Lender is correct. WAC 208-620-560 (6) an Underwriting Fee is allowed on 1st lien mortgage loans. Finding is resolved. - Due Diligence Vendor-06/25/2025
Ready for Review-According to our guidelines and [Redacted] state regulations all fees on the disclosures are correct and allowed at the time of closing. - Buyer-05/21/2025
Open-The [Redacted] Consumer Loan Act prohibits any fee other than a Loan Origination Fee, Loan Discount, or Commitment (Rate Lock) Fee to be paid by the Borrower to the Lender. (RCW 31.04.105(2); WAC 208-620-555; WAC 208-620-560(6)) - Due Diligence Vendor-05/19/2025

WAC 208-620-560 (7) Underwriting fees. On nonmortgage and junior lien mortgage loans you must not collect an underwriting fee. As [Redacted] Mortgage is a creditor we assumed that this section does not apply to first liens. - 06/25/2025

Resolved-Lender is correct. WAC 208-620-560 (6) an Underwriting Fee is allowed on 1st lien mortgage loans. Finding is resolved. - Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4177111

XXXXXX-2025-NQM3-659

Closed

FCOM4028

2025-05-20 06:42

2025-05-21 09:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4189414

XXXXXX-2025-NQM3-660

Closed

FCOM4028

2025-05-19 05:27

2025-05-20 10:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4175831

XXXXXX-2025-NQM3-661

Closed

FCOM4028

2025-05-19 07:32

2025-05-21 12:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4176889

XXXXXX-2025-NQM3-661

Closed

FVAL5474

2025-05-19 09:24

2025-05-21 12:05

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Per Guide : Single entity ownership for projects with 21 or more units = 25%
Exception form provided for Single entity ownership 40%
Exception form page#279 of 382
Approved With Conditions: +0.25 to price, [Redacted] max - Due Diligence Vendor-05/19/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4178729

XXXXXX-2025-NQM3-662

Closed

FCOM4028

2025-05-19 08:24

2025-05-20 07:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4177561

XXXXXX-2025-NQM3-662

Closed

FVAL5981

2025-05-19 09:13

Waived

2 - Non-Material

Property

Property Type does not meet eligibility requirement(s)

Waived-Waived-As per guide, Guidelines only permit financing for SFR's in Rural locations
*Exception form is provided to allow a 2 unit / Duplex
*Approved Conditions: [Redacted] max, ok with 0.25 to price
*Exception form is on page # 270 of 360 - Due Diligence Vendor-05/19/2025 - Due Diligence Vendor-05/19/2025

Revolving debt under 30%, No mortgage lates last 24 months, 5+ yrs credit history, 2+ bwrs on loan, Credit Score > 40 points aboee program minimum, DSCR > 1.25, Reserves > 6 months (prior to cash out).

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4178297

XXXXXX-2025-NQM3-663

Closed

FCOM4028

2025-05-19 10:15

2025-05-21 13:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4179443

XXXXXX-2025-NQM3-664

Closed

FCOM4028

2025-05-19 10:29

2025-05-20 15:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4179646

XXXXXX-2025-NQM3-665

Closed

FCOM4028

2025-05-19 14:04

2025-05-20 12:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4183457

XXXXXX-2025-NQM3-666

Closed

FCOM4028

2025-05-21 06:41

2025-05-22 14:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4202004

XXXXXX-2025-NQM3-667

Closed

FCOM4028

2025-05-21 10:53

2025-05-22 14:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4206380

XXXXXX-2025-NQM3-668

Closed

FCOM4028

2025-05-20 09:39

2025-05-21 08:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4192382

XXXXXX-2025-NQM3-669

Closed

FCOM4028

2025-05-20 08:59

2025-05-21 10:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4191368

XXXXXX-2025-NQM3-670

Closed

FCRE5771

2025-05-20 08:32

2025-06-05 08:52

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Credit Report is Missing

Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-06/05/2025

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. Please see the corrected Note. - Seller-06/04/2025

Counter-see page 20 of closing docs. You have 2 borrowers who signed note. If only 1 borrower, need corrected Note - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/24/2025

Open-Borrower 2 Credit Report is Missing. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see the corrected Note. - Seller-06/04/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/24/2025

Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-06/05/2025

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4190933

XXXXXX-2025-NQM3-670

Closed

FCOM1233

2025-05-20 07:57

2025-06-05 08:49

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. Please see the corrected Note. - Buyer-06/04/2025

Counter-see page 20 of closing docs. You have 2 borrowers who signed note. If only 1 borrower, need corrected Note - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/24/2025

Open-The Final 1003 is Incomplete B2 final 1003 is missing, refer page#60 of 133
- Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Seller-05/24/2025

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4190450

XXXXXX-2025-NQM3-670

Closed

FCRE6914

2025-05-20 09:21

2025-06-05 08:49

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Citizenship Documentation Not Provided

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. Please see the corrected Note. - Seller-06/04/2025

Counter-see page 20 of closing docs. You have 2 borrowers who signed note. If only 1 borrower, need corrected Note - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-05/24/2025

Open-Borrower 2 Citizenship Documentation Not Provided - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see the corrected Note. - Seller-06/04/2025

Resolved-corrected Note now present and has 1 borrower only - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4192121

XXXXXX-2025-NQM3-670

Closed

FCOM4028

2025-05-20 07:29

2025-05-21 19:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/22/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/20/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/22/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4189977

XXXXXX-2025-NQM3-671

Closed

FCOM4028

2025-05-20 07:17

2025-05-22 09:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/22/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/20/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4189800

XXXXXX-2025-NQM3-672

Closed

FCOM4028

2025-05-20 08:06

2025-05-21 14:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4190571

XXXXXX-2025-NQM3-673

Closed

FCOM4028

2025-05-21 08:58

2025-05-22 14:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4203835

XXXXXX-2025-NQM3-673

Closed

FCRE3742

2025-05-21 10:27

Waived

2 - Non-Material

Credit

Eligibility

Loan Amount does not meet eligibility requirement(s)

Waived-Purchase price $[Redacted] (contract uploaded) - requesting to proceed with [Redacted] ($[Redacted]) please to keep
as limited review. 5+ years credit history, no credit events, thank you.
- Due Diligence Vendor-05/21/2025

DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history
Pg. 1

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4205888

XXXXXX-2025-NQM3-674

Closed

FCOM3605

2025-05-20 15:02

2025-05-27 07:51

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof CD sent now present - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. - Buyer-05/23/2025

Open-Provide evidence that Initial Closing Disclosure issued on 05/12/2025 was sent electronically to the borrower - Due Diligence Vendor-05/20/2025

Resolved-proof CD sent now present - Due Diligence Vendor-05/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4197627

XXXXXX-2025-NQM3-674

Closed

FCOM4028

2025-05-20 12:32

2025-05-22 13:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4195036

XXXXXX-2025-NQM3-674

Closed

FCRE8611

2025-05-20 14:46

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-As per guide, non-occupant borrowers cannot be the primary income earners
*Exception form is provided to allow Occupant borrower is not the primary wage earner on file
*Approved Conditions: 0.5 to price, [Redacted] max
*Exception form is on page #2 of 497 - Due Diligence Vendor-05/20/2025

DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, 2+ borrowers on the loan, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4197239

XXXXXX-2025-NQM3-675

Closed

FCOM1942

2025-05-21 06:57

2025-05-23 06:48

Resolved

1 - Information

Compliance

Missing Doc

Missing Form 4506T

Resolved-form now present - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. Please see attached 4506-C. Since May 1, 2021 it is used instead 4506-T. - Buyer-05/22/2025

Open- - Due Diligence Vendor-05/21/2025

Resolved-form now present - Due Diligence Vendor-05/23/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4202152

XXXXXX-2025-NQM3-675

Closed

FCOM4028

2025-05-20 13:16

2025-05-21 07:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4195726

XXXXXX-2025-NQM3-675

Closed

FVAL5524

2025-05-20 13:46

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Waived-As per guide, A manufactured home cannot be rural or be located on agricultural zoning.
*Exception form is provided to allow a manufactured home to be rural and be located on agricultural zoning.
*Approved Conditions: [Redacted] max, rural + mfr pricing, income should be full doc
*Exception form is on page # 153 of 201 - Due Diligence Vendor-05/20/2025 - Due Diligence Vendor-05/20/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4196230

XXXXXX-2025-NQM3-676

Closed

FCOM4028

2025-05-21 07:46

2025-05-22 14:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4202839

XXXXXX-2025-NQM3-676

Closed

FCRE6026

2025-05-21 08:45

Waived

2 - Non-Material

Credit

Income/Employment

Potential Employment/income Issues identified in the file

Waived-Waived-As per guide, Bank Statements must support stable and generally predictable deposits.
*Exception form is provided to allow unstable income
*Approved Conditions: +0.5 to price
*Exception form is on page # 24 of 133 - Due Diligence Vendor-05/21/2025
(Borrower is a Attorney that's currently in Active case for the past 2 months. which explains why there hasn't been a change in the borrowers income in the past 3 months) - Due Diligence Vendor-05/21/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4203644

XXXXXX-2025-NQM3-677

Closed

FCOM4028

2025-05-20 12:56

2025-05-22 13:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4195358

XXXXXX-2025-NQM3-677

Closed

FCRE1492

2025-05-20 14:49

2025-05-20 15:06

Waived

2 - Non-Material

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Waived-Per Guide: Maximum CLTV ratio for the cash out transaction is based up on the lower of the current appraised value or the borrower’s initial investment in the purchase price plus documented improvements
Exception form provided for Property was acquired within the last 12 months
Exception form page#322 of 353
Approved With Conditions: [Redacted] MAX & 0.25 to price
- Due Diligence Vendor-05/20/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4197339

XXXXXX-2025-NQM3-678

Closed

FCOM4028

2025-05-21 07:35

2025-05-22 05:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4202650

XXXXXX-2025-NQM3-679

Closed

FCRE6206

2025-05-22 12:56

2025-05-29 07:12

Resolved

1 - Information

Credit

Title

Mortgagee Clauses is missing or incorrect on Title Commitment or Final Policy

Resolved-mortgagee clause is updated to be accurate for lender now - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. an endorsement with mortgagee clause correction uploaded - Buyer-05/28/2025

Open-Mortgagee Clause is 'No'. Mortgagee Clause is missing or incorrect on Title Commitment or Final Policy. Mortgagee Clause is incorrect on Title Commitment page #831. Instead of Mortgage it is updated as Northgage - Due Diligence Vendor-05/22/2025

Resolved-mortgagee clause is updated to be accurate for lender now - Due Diligence Vendor-05/29/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4218732

XXXXXX-2025-NQM3-679

Closed

FCRE1335

2025-05-22 13:06

2025-05-27 07:35

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-proof of filing now present - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. The validation is in the file. - Buyer-05/23/2025

Open-since borrower filed return and not able to validate yet guidelines call for the following: Validation of prior tax year’s income (income for current year must be in line with prior years). Please provide - Due Diligence Vendor-05/22/2025

Resolved-proof of filing now present - Due Diligence Vendor-05/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4218846

XXXXXX-2025-NQM3-679

Closed

FCOM4028

2025-05-21 07:40

2025-05-27 07:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/27/2025

Ready for Review-- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Buyer-05/23/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4202730

XXXXXX-2025-NQM3-679

Closed

FVAL5474

2025-05-21 10:40

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, Condo projects may not have mandatory upfront or periodic membership fees.
*Exception form is provided to allow mandatory 3rd party membership fees for the condo project.
*Approved Conditions:[Redacted] max, 0.5 to price
*Exception form is on page #713 - Due Diligence Vendor-05/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

Originator Pre-Close

Yes

4206124

XXXXXX-2025-NQM3-679

Closed

FVAL9739

2025-05-21 10:38

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-*Exception form is provided to allow lease hold property rights.
*Approved Conditions: [Redacted] max, 0.5 to price
*Exception form is on page #713 - Due Diligence Vendor-05/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

Originator Pre-Close

Yes

4206110

XXXXXX-2025-NQM3-680

Closed

FCOM4028

2025-05-22 05:58

2025-05-23 10:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4212749

XXXXXX-2025-NQM3-681

Closed

FCOM4028

2025-05-21 07:54

2025-05-22 11:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4202937

XXXXXX-2025-NQM3-682

Closed

FCOM4028

2025-05-22 08:18

2025-05-23 10:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4214270

XXXXXX-2025-NQM3-683

Closed

FCOM4028

2025-05-22 11:03

2025-05-23 10:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4216829

XXXXXX-2025-NQM3-684

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

XXXXXX-2025-NQM3-685

Closed

FCOM4028

2025-05-21 09:35

2025-05-22 14:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4204877

XXXXXX-2025-NQM3-686

Closed

FCRE9650

2025-05-21 10:18

2025-05-27 07:12

Resolved

1 - Information

Credit

Missing Doc

Missing Lead Paint Disclosure on properties built before January 1, 1978.

Resolved-lead paint now present - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. page 25 - Buyer-05/23/2025

Open-Lead Based Paint Disclosure is 'Missing'. Missing Lead Paint Disclosure on properties built on or before December 31, 19767. - Due Diligence Vendor-05/21/2025

Resolved-lead paint now present - Due Diligence Vendor-05/27/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4205742

XXXXXX-2025-NQM3-686

Closed

FCOM4028

2025-05-21 09:54

2025-05-22 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-05/22/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-05/21/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4205307

XXXXXX-2025-NQM3-687

Closed

FCOM4028

2025-05-21 11:32

2025-05-23 09:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4206943

XXXXXX-2025-NQM3-688

Closed

FCOM4028

2025-05-21 13:12

2025-05-22 14:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4208508

XXXXXX-2025-NQM3-688

Closed

FVAL5474

2025-05-21 14:30

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Waiver provided for projects may not have mandatory upfront or periodic membership fees for the use of
recreational amenities, such as country club facilities and golf courses, owned by an outside party

Approved with condittions of 0.25 to price and " Fannie Mae guidelines must be followed

Exception found on page 43 of 160 - Due Diligence Vendor-05/21/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4209310

XXXXXX-2025-NQM3-688

Closed

FPRO2828

2025-05-21 14:16

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived-Waiver for a transferred appraisal without an AMC

Exception approved with conditions of max [Redacted], 0.25 to price

Waiver found on page 44 of 160 - Due Diligence Vendor-05/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4209183

XXXXXX-2025-NQM3-689

Closed

FCOM4028

2025-05-22 21:18

2025-05-23 12:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/23/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-05/23/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/23/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4223573

XXXXXX-2025-NQM3-689

Closed

FCRE1158

2025-05-22 23:01

2025-05-23 12:46

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived-Hazard Insurance Policy Partially Provided Hazard Insurance document in Page #476 reflects Roof is covered for Actual Cash Value, We have exception in page#496 - Due Diligence Vendor-05/23/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4223780

XXXXXX-2025-NQM3-690

Closed

1000704-1002118

2025-05-23 10:25

2025-06-13 13:35

Cured

2 - Non-Material

Compliance

Tolerance:FinanceCharge

Federal - Finance Charge Disclosure Tolerance (Closed End)

Cured-This is acceptable. - Due Diligence Vendor-06/13/2025
Resolved- - Due Diligence Vendor-06/13/2025
Ready for Review-Document Uploaded. Fixed the APR fees to include Processing & Closing Fee. PCCD and LOX was emailed to the borrower. - Seller-06/13/2025
Open-The disclosed finance charge ($[Redacted]) is ($349.50) below the actual finance charge($[Redacted]). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) APR should include Title - Processing & Closing Fee. This is an APR Fee. - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. Fixed the APR fees to include Processing & Closing Fee. PCCD and LOX was emailed to the borrower. - Seller-06/13/2025

Cured-This is acceptable. - Due Diligence Vendor-06/13/2025

Resolved- - Due Diligence Vendor-06/13/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4229686

XXXXXX-2025-NQM3-690

Closed

FCRE9991

2025-05-23 09:22

2025-06-04 06:41

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-proof this mtg is in business name and is escrowed now present.  DTI does not need to include bc is a business mtg not personal - Due Diligence Vendor-06/04/2025
Ready for Review-Document Uploaded. Taxes are escrowed, please refer to the mortgage statement: - Seller-06/03/2025
Counter-there is no proof that the taxes and ins of $476.33 is paid by business.  the final 1003 shows taxes and ins that werent included and no proof that business is paying found.  please provide proof that business pays these  - Due Diligence Vendor-06/02/2025
Ready for Review-The property [Redacted] is paid by business, 12 months proof of payments by business had been provided. - Seller-05/30/2025
Open-DTI is 41.86%.  PITIA is 9729.50 + $1229 debt from credit + $476.33 other REO / 9729.50.  Lender didnt count the REO payment listed on final 1003 - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. Taxes are escrowed, please refer to the mortgage statement: - Seller-06/03/2025
Ready for Review-The property [Redacted] is paid by business, 12 months proof of payments by business had been provided. - Seller-05/30/2025

Resolved-proof this mtg is in business name and is escrowed now present. DTI does not need to include bc is a business mtg not personal - Due Diligence Vendor-06/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4228566

XXXXXX-2025-NQM3-690

Closed

FCRE1174

2025-05-23 09:19

2025-06-02 07:02

Resolved

1 - Information

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Resolved-lender is not requiring as they are using limited review for ins requirements - Due Diligence Vendor-06/02/2025

Ready for Review-Per the guidelines this file is limited review, there is no need in Master Liability insurance. - Seller-05/30/2025

Open-missing liability ins for common areas. - Due Diligence Vendor-05/23/2025

Ready for Review-Per the guidelines this file is limited review, there is no need in Master Liability insurance. - Seller-05/30/2025

Resolved-lender is not requiring as they are using limited review for ins requirements - Due Diligence Vendor-06/02/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4228488

XXXXXX-2025-NQM3-690

Closed

FCOM4028

2025-05-23 06:01

2025-05-27 09:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4225700

XXXXXX-2025-NQM3-691

Closed

FCRE1174

2025-05-23 11:21

2025-05-28 13:01

Resolved

1 - Information

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Resolved-resolved with lender comments. Lender approved condo on a limited review. - Due Diligence Vendor-05/28/2025

Ready for Review-N/A for condo with limited review. - Buyer-05/28/2025

Open-missing general liability for common areas for project - Due Diligence Vendor-05/23/2025

Resolved-resolved with lender comments. Lender approved condo on a limited review. - Due Diligence Vendor-05/28/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4230408

XXXXXX-2025-NQM3-691

Closed

FCOM4028

2025-05-23 10:36

2025-05-27 09:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4229830

XXXXXX-2025-NQM3-691

Closed

FPRO1149

2025-05-23 11:10

2025-05-23 11:12

Waived

2 - Non-Material

Property

Property is Lease Hold

Waived-Property Rights are Lease Hold exception for a condo on a lease hold property. Not allowed in guides. max [Redacted]
Pg. 547 - Due Diligence Vendor-05/23/2025

Revolving debt is under 30%, Residential income >= $3000, DTI lower than 10%, no credit events past 40 months, 5+ years credit history, no consumer late payments in last 24 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4230288

XXXXXX-2025-NQM3-692

Closed

FCOM4028

2025-05-22 08:24

2025-05-23 10:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4214375

XXXXXX-2025-NQM3-693

Closed

FCRE1437

2025-05-22 08:36

2025-06-03 12:44

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-all borrowers on personal acct bk statement program must be on loan, waiver provided as does not meet - Due Diligence Vendor-06/03/2025
Ready for Review-Document Uploaded. Please see attached PC Exception - Buyer-06/03/2025
Open-Income and Employment Do Not Meet Guidelines 12 months [Redacted] bank stmts used contain a non borrower on statements - (Spouse) pg 320 - No exception noted. - Due Diligence Vendor-05/22/2025

Waived-all borrowers on personal acct bk statement program must be on loan, waiver provided as does not meet - Due Diligence Vendor-06/03/2025

Revolving debt is under 30%, Residual income >=3000$, No credit events past 40 months, 5+ years credit history

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Post-Close

Yes

4214608

XXXXXX-2025-NQM3-693

Closed

FCOM4028

2025-05-22 07:30

2025-05-23 11:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4213661

XXXXXX-2025-NQM3-694

Closed

FCRE6019

2025-05-22 08:18

2025-05-30 05:18

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-citizenship docs and corrected app now present - Due Diligence Vendor-05/30/2025

Ready for Review-Document Uploaded. Please see attached updated 1003 - Buyer-05/30/2025

Counter-missing corrected 1003 to reflect non perm - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW along with the docs mentioned - Buyer-05/27/2025

Open-Borrower 1 Citizenship Documentation Is Missing PRA Supporting document is missing - Due Diligence Vendor-05/22/2025

Resolved-citizenship docs and corrected app now present - Due Diligence Vendor-05/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4214262

XXXXXX-2025-NQM3-694

Closed

FCRE9991

2025-05-22 10:48

2025-05-28 07:37

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-corrected DTI now present at 41.95 - Due Diligence Vendor-05/28/2025
Ready for Review-Document Uploaded. Please see attached Lock confirmation with correct DTI - Buyer-05/27/2025
Open-*DTI is off by 0.44% Lender DTI is 42.39%
-Income and PITI matches.
-DTI is off as lender consider Liability [Redacted] and [Redacted] twice while calculation DTI refer Pg. no 103 of 149.
-DTI should be = Negative PITI + Other EXP/ Income = $745.50+$4928.18 / $13,525.56 = 41.95% - Due Diligence Vendor-05/22/2025

Resolved-corrected DTI now present at 41.95 - Due Diligence Vendor-05/28/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4216660

XXXXXX-2025-NQM3-694

Closed

FCOM4028

2025-05-22 08:06

2025-05-23 12:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/23/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/22/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/23/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4214086

XXXXXX-2025-NQM3-695

Closed

FPRO1136

2025-05-22 13:33

2025-06-02 07:32

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Resolved-lender has provided an alternative form of proof that repairs were done. since minor they are not requiring a 1004D - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Per our guidelines, 1004D can be waived if the health and safety issue is minor. UW1 job is to determine whether or not the hazard is serious, and after consulting with team lead, they proceeded with the attestation letter.

The loan has the attestation letter in the system and has all the photos showing the work has been completed: - Buyer-05/30/2025

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis Subject to the following repairs or alterations , missing proof they have been completed addenda under the Subject Condition section refer pg#58 of 277 Subject Condition pg#67 of 277
Lox on Page#2-19 of 277(SA) - Due Diligence Vendor-05/22/2025

Resolved-lender has provided an alternative form of proof that repairs were done. since minor they are not requiring a 1004D - Due Diligence Vendor-06/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4219372

XXXXXX-2025-NQM3-695

Closed

FCOM4028

2025-05-22 11:19

2025-05-27 08:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4217094

XXXXXX-2025-NQM3-696

Closed

FCOM4028

2025-05-22 12:41

2025-05-27 08:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4218428

XXXXXX-2025-NQM3-697

Closed

FCOM4028

2025-05-22 12:19

2025-05-23 11:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4218112

XXXXXX-2025-NQM3-697

Closed

FCRE8459

2025-05-22 13:12

2025-05-23 10:55

Waived

2 - Non-Material

Credit

Eligibility

Borrower Entity Ownership does not meet guidelines

Waived-Waived-As per guide, Owners (not more than 4) must be individual borrowers and guarantors on the transaction, meet credit requirements and sign a note as members/authorized persons of a company.
*Exception form is provided to allow only one borrower and exclude the 2 other owners with more than 25% ownership
*Approved Conditions: Confirmation from other owners that they are ok with this transaction and not being added to the loan is required
*Exception form is on page # 410 of 425, Authorization is on page 33 of 425 - Due Diligence Vendor-05/22/2025 - Due Diligence Vendor-05/22/2025

No mortgage late payments in the last 24 months, 5+ years credit history, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4218946

XXXXXX-2025-NQM3-697

Closed

FCRE3742

2025-05-22 13:05

Waived

2 - Non-Material

Credit

Eligibility

Loan Amount does not meet eligibility requirement(s)

Waived-Waived-As per guide, Minimum loan amount of [Redacted] for Multi Unit
*Exception form is provided to allow with loan amount
*Approved Conditions:
*Exception form is on page # 409 of 425 - Due Diligence Vendor-05/22/2025 - Due Diligence Vendor-05/22/2025

Waived-Waived-As per guide, Minimum loan amount of $[Redacted] for Multi Unit
*Exception form is provided to allow with loan amount
*Approved Conditions:
*Exception form is on page # 409 of 425 - Due Diligence Vendor-05/22/2025 - Due Diligence Vendor-05/22/2025

No credit events past 40 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4218828

XXXXXX-2025-NQM3-698

Closed

FCOM4028

2025-05-23 10:33

2025-05-27 09:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4229782

XXXXXX-2025-NQM3-699

Closed

FCOM4028

2025-05-23 08:24

2025-05-27 09:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4227464

XXXXXX-2025-NQM3-699

Closed

FPRO116

2025-05-23 09:17

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, If the property was acquired less than or equal to twelve (12) months from the note date, the lesser of the current appraised value or purchase price plus documented improvements (if any) will be used to determine LTV/CLTV.
*Exception form is provided to allow appraised value
*Approved Conditions: 0.25 to price
*Exception form is on page # 294 of 375 - Due Diligence Vendor-05/23/2025 - Due Diligence Vendor-05/23/2025

Several income sources and DTI below 45%, 5 years on current job, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4228444

XXXXXX-2025-NQM3-699

Closed

123ABCF

2025-05-23 09:12

Waived

2 - Non-Material

Credit

Income/Employment

FICO does not meet minimum program requirement

Waived-Waived-As per guide, Minimum 680 FICO for rural cash out of primary - (Per appraisal property is suburban but there is no zoning - No zoning is a common characteristic of suburban neighborhoods throughout unincorporated areas in [Redacted], [Redacted])
*Exception form is provided to allow 678 FICO
*Approved Conditions: [Redacted] MAX & 0.25 to price
*Exception form is on page # 293 of 375 - Due Diligence Vendor-05/23/2025 - Due Diligence Vendor-05/23/2025

Several income sources and DTI below 45%, 5 years on current job, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4228350

XXXXXX-2025-NQM3-700

Closed

FCOM4028

2025-05-27 04:32

2025-05-27 13:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4241070

XXXXXX-2025-NQM3-701

Closed

FPRO1136

2025-05-23 07:44

2025-06-02 07:59

Cured

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Cured-post close 1004D now present - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please see attached 1004D form and the docs related - Buyer-05/31/2025

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis URAR is subject to Wood Fence installation - No 442 in file. - Due Diligence Vendor-05/23/2025

Cured-post close 1004D now present - Due Diligence Vendor-06/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4226767

XXXXXX-2025-NQM3-701

Closed

FCOM4028

2025-05-23 05:42

2025-05-27 09:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4225536

XXXXXX-2025-NQM3-702

Closed

FCOM4028

2025-05-23 07:25

2025-05-27 08:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4226508

XXXXXX-2025-NQM3-702

Closed

FVAL2242

2025-05-23 11:17

2025-05-23 12:41

Waived

2 - Non-Material

Property

Property is Manufactured Housing

Waived-As per guide, A manufactured home cannot be rural.
*Exception is provided to allow manufactured home in rural
*Approved Conditions: [Redacted] max, 0.5 to price
*Exception form is on page #281 of 387 - Due Diligence Vendor-05/23/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4230378

XXXXXX-2025-NQM3-702

Closed

FPRO1251

2025-05-23 09:53

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-As per guide, Rural property can be of one unit only.
*Exception is provided to allow rural for 2-4 unit property.
*Approved Conditions: [Redacted] max, 0.5 to price
*Exception form is on page #281 of 387 - Due Diligence Vendor-05/23/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4229090

XXXXXX-2025-NQM3-703

Closed

FCOM4028

2025-05-23 07:31

2025-05-27 09:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4226579

XXXXXX-2025-NQM3-704

Closed

FCOM4028

2025-05-23 07:29

2025-05-27 08:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4226553

XXXXXX-2025-NQM3-705

Closed

FCRE1479

2025-05-23 15:36

2025-05-28 13:08

Resolved

1 - Information

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Resolved-lender removed account. No longer being used to qualify. - Due Diligence Vendor-05/28/2025
Ready for Review-We have enough on another personal account. The statement has been junked. - Buyer-05/28/2025
Open-Asset Record 1 Does Not Meet G/L Requirements Need business ownership document for [Redacted]- Due Diligence Vendor-05/23/2025

Resolved-lender removed account. No longer being used to qualify. - Due Diligence Vendor-05/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4235472

XXXXXX-2025-NQM3-705

Closed

FCOM4028

2025-05-23 12:14

2025-05-27 08:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4231529

XXXXXX-2025-NQM3-706

Closed

FCRE9991

2025-05-23 15:11

2025-05-29 07:21

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated score on tape now present and matches Lender DSCR - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. The HOA dues have been added. Please see attached an updated tape. - Buyer-05/28/2025

Open-*DSCR is off by 0.033. Lender's score 1.294
Lender 1008 indicates a rent of $2,000. Docs in file, 1007 page #180 reflect $2,000. PITI Mismatches. No lease or other indicator to support any other rent per Lender if any.
>Calculation: 2,000/1,586.09 = 1.261 should be the actual score.
Reason: PUD property: Lender has not considered HOA in the amount of $41.67 monthly ($500 Annually). Verified doc on page #152 and considered HOA accordingly - Due Diligence Vendor-05/23/2025

Resolved-updated score on tape now present and matches Lender DSCR - Due Diligence Vendor-05/29/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4235267

XXXXXX-2025-NQM3-706

Closed

FCOM4028

2025-05-23 14:02

2025-05-27 13:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4234323

XXXXXX-2025-NQM3-707

Closed

FCOM4028

2025-05-28 07:11

2025-05-28 13:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4254730

XXXXXX-2025-NQM3-708

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

XXXXXX-2025-NQM3-709

Closed

FCOM4028

2025-05-27 06:20

2025-05-28 14:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4241770

XXXXXX-2025-NQM3-710

Closed

FCOM4028

2025-05-27 11:09

2025-05-28 13:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4246141

XXXXXX-2025-NQM3-711

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-712

Closed

FCOM4028

2025-05-27 12:26

2025-05-28 14:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4247415

XXXXXX-2025-NQM3-713

Closed

FCOM4028

2025-05-27 14:13

2025-05-28 13:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4249155

XXXXXX-2025-NQM3-714

Closed

FCOM3605

2025-05-28 07:39

2025-06-02 08:14

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-electronic proof now present - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. - Buyer-05/30/2025

Open-Provide evidence that Initial Closing Disclosure issued on 05/13/2025 was sent electronically to the borrower - Due Diligence Vendor-05/28/2025

Resolved-electronic proof now present - Due Diligence Vendor-06/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4255059

XXXXXX-2025-NQM3-714

Closed

FCOM4028

2025-05-27 14:40

2025-05-28 13:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4249495

XXXXXX-2025-NQM3-715

Closed

63850-76790

2025-05-28 10:37

2025-06-13 08:15

Cured

1 - Information

Compliance

Fees:Prohibited

Washington - Fees Allowed (Lender)(01/10)

Cured-This is acceptable. Lender provided proof of clerical error  with disclosure. - Due Diligence Vendor-06/13/2025
Resolved-Initial documents and Final CD provided are acceptable. - Due Diligence Vendor-06/13/2025
Cured-Final CD and correct initial documents sent in are acceptable. - Due Diligence Vendor-06/13/2025
Ready for Review-Document Uploaded. Please review uploaded final CD - Buyer-06/12/2025
Counter-final CD with fee name correction is missing. Need final CD from closing redisclosed as well - Due Diligence Vendor-06/12/2025
Ready for Review-Document Uploaded. Please review uploaded PCCD along eith LOX to the borrower ,LE's and initial CD's  - Buyer-06/12/2025
Open-The [Redacted] Consumer Loan Act prohibits any fee other than a Loan Origination Fee, Loan Discount, or Commitment (Rate Lock) Fee to be paid by the Borrower to the Lender. (RCW 31.04.105(2); WAC 208-620-555; WAC 208-620-560(6))   - Due Diligence Vendor-05/28/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4258129

XXXXXX-2025-NQM3-715

Closed

5000500-License-Loan Originator

2025-05-28 10:37

2025-06-13 07:01

Cured

2 - Non-Material

Compliance

Mavent

License: Loan Originator

Cured- - Due Diligence Vendor-06/13/2025

Cured-scriveners affidavit now present to correct NMLS - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Please review uploaded scrivener's affidavit. The mortgage was recorded already . - Seller-06/11/2025

Counter-need NMLS corrected on closing docs so they are not the same - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. Please review uploaded print out - Buyer-05/29/2025

Open-The NMLS ID (50132) of the loan originator does not exist. On Note, DOT, Final 1003 and Final CD the Loan originator NMLS reflects the same as Loan organization. Refer Pg. no 293,316,329,345 - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. Please review uploaded scrivener's affidavit. The mortgage was recorded already . - Seller-06/11/2025

Cured-scriveners affidavit now present to correct NMLS - Due Diligence Vendor-06/12/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4258130

XXXXXX-2025-NQM3-715

Closed

FCRE6206

2025-05-28 11:03

2025-06-11 11:40

Resolved

1 - Information

Credit

Title

Mortgagee Clauses is missing or incorrect on Title Commitment or Final Policy

Resolved-final title with correct mortgagee now present - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. Please review uploaded explanation from title agent and final title policy - Buyer-06/11/2025

Open-Mortgagee Clause is 'No'. Mortgagee Clause is missing or incorrect on Title Commitment or Final Policy. "ATIMA" is missing in Mortgage clause refer pg. no 69 - Due Diligence Vendor-05/28/2025

Resolved-final title with correct mortgagee now present - Due Diligence Vendor-06/11/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4258481

XXXXXX-2025-NQM3-715

Closed

FCOM4028

2025-05-28 08:19

2025-05-28 13:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4255557

XXXXXX-2025-NQM3-716

Closed

FCRE1995

2025-05-29 07:14

2025-06-02 08:15

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD backed out . resolved with lender comments. - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW. EMD was backed out - Buyer-05/31/2025

Open-missing - Due Diligence Vendor-05/29/2025

Resolved-EMD backed out . resolved with lender comments. - Due Diligence Vendor-06/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4267971

XXXXXX-2025-NQM3-716

Closed

FCRE1253

2025-05-29 07:06

2025-06-02 08:14

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-tax cert now present - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1 - Buyer-05/31/2025

Open-Missing Property Tax Cert missing tax calculator. Pg 332 shows $7166.01 and lender used $12682/ yr - Due Diligence Vendor-05/29/2025

Resolved-tax cert now present - Due Diligence Vendor-06/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4267879

XXXXXX-2025-NQM3-716

Closed

FCOM4028

2025-05-29 05:41

2025-05-29 12:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4267060

XXXXXX-2025-NQM3-717

Closed

FCOM4028

2025-05-28 08:17

2025-05-28 13:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4255531

XXXXXX-2025-NQM3-717

Closed

FVAL5472

2025-05-28 09:40

2025-05-28 11:26

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-As per guide, gross living area of unit #[Redacted] & #[Redacted] is < 500 sq ft
*Exception form is provided to allow units with < 500 sq ft
*Approved Conditions; Max LA $[Redacted] & 0.5 to price
*Exception form is on page #273 of 326 - Due Diligence Vendor-05/28/2025

5 years on current job, 10 years or more in the same line of employment, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4257295

XXXXXX-2025-NQM3-717

Closed

FCRE1200

2025-05-28 09:37

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Minimum loan amount for multi family property is $[Redacted]
*Exception form is provided to allow Loan amount of $[Redacted] .
*Approved Conditions; Max LA $[Redacted] & 0.5 to price
*Exception form is on page #273 of 326 - Due Diligence Vendor-05/28/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4257238

XXXXXX-2025-NQM3-718

Closed

FCOM4028

2025-05-28 10:28

2025-05-29 11:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4258016

XXXXXX-2025-NQM3-719

Closed

FCOM4028

2025-05-28 07:46

2025-05-29 12:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4255140

XXXXXX-2025-NQM3-719

Closed

FCRE5116

2025-05-28 14:17

Waived

2 - Non-Material

Credit

Missing Doc

Missing VOM or VOR

Waived-Waiver for not providing a VOM. Husband passed away last year, borrower provided 12 months statements showing payments on time for both mortgages. Creditor is unwilling to do a VOM for our borrower since it wasn't on her name.

Approved with conditions of [Redacted] max, 0.25 to price

Exception waiver on page 22 of 94 - Due Diligence Vendor-05/28/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum,
Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4262058

XXXXXX-2025-NQM3-720

Closed

FCOM4028

2025-05-28 09:50

2025-05-28 14:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4257522

XXXXXX-2025-NQM3-721

Closed

FCOM4028

2025-05-28 12:09

2025-05-29 12:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4259654

XXXXXX-2025-NQM3-722

Closed

FCOM4028

2025-05-29 07:57

2025-06-02 08:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/02/2025

Ready for Review-less than 60 days - Buyer-06/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4268618

XXXXXX-2025-NQM3-722

Closed

FPRO116

2025-05-29 09:15

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Garage used as living space and not permitted. This does not meet completed properties requirement.
Condition: Please contact your AE to submit for an Exception Approval for the following: The subject's one-
car built-in garage had been converted into a finished and heated space. The garage door was not functional
Short Description Garage is being used as storage space
Comments Hi Team, need an exception on garage being converted to heated space. Appraisal as is, no issues.
Pg. 365 - Due Diligence Vendor-05/29/2025

Compensating Factors
Residential income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, LTV 10% below maximum, Credit
score >40 points than minimum required, Borrower contribution exceeds requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 03/31/2025 0.25 to price, 65 LTV max

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4270261

XXXXXX-2025-NQM3-723

Closed

FCOM4028

2025-05-29 09:21

2025-05-29 13:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4270441

XXXXXX-2025-NQM3-724

Closed

FCRE1165

2025-05-29 07:13

2025-06-06 12:47

Resolved

1 - Information

Credit

Missing Doc

Flood Insurance Policy Partially Provided

Resolved-correct mortgagee clause now present - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. The revised individual flood policy is uploaded. - Buyer-06/06/2025

Open-Flood Insurance Policy Partially Provided "ATIMA" verbiage is missing in mortgage Clause refer Pg. no 670. - Due Diligence Vendor-05/29/2025

Resolved-correct mortgagee clause now present - Due Diligence Vendor-06/06/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4267957

XXXXXX-2025-NQM3-724

Closed

FCRE9991

2025-05-29 07:52

2025-06-03 09:05

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved- lender confirmed debts were not verified paid so is included in final DTI. DTI now matches - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. The following liabilities are reported on the borrower’s credit report and had not been paid off; it must be included in the DTI - Buyer-06/02/2025

Open-*DTI is off by 0.81%. Lender DTI is 48.44%
-Income and subject property PITIA matches
-DTI is off due to other liabilities as borrower 1 Liabilities for $70 is getting paid off however lender considered it in to DTI calculation refer pg. no 79
-DTI should be - PITIA+ Other EXP/ Income = $3,652.32 + $456.82/ $8626.89 = 47.63% - Due Diligence Vendor-05/29/2025

Resolved- lender confirmed debts were not verified paid so is included in final DTI. DTI now matches - Due Diligence Vendor-06/03/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4268545

XXXXXX-2025-NQM3-724

Closed

FCOM4028

2025-05-28 14:46

2025-05-29 12:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4262466

XXXXXX-2025-NQM3-724

Closed

FCRE1174

2025-05-29 07:13

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Master Condo Insurance Policy Partially Provided -If property is in flood zone the flood coverage should include in master policy
-Exception form provided to proceed with loan as we have separate flood insurance as property is in flood zone
-Approved Condition :- As is
-Exception form on pg. no 875. - Due Diligence Vendor-05/29/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4267958

XXXXXX-2025-NQM3-725

Closed

FCOM4028

2025-05-29 12:05

2025-05-30 09:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4273160

XXXXXX-2025-NQM3-726

Closed

FCOM4028

2025-05-29 10:36

2025-05-30 11:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4271642

XXXXXX-2025-NQM3-727

Closed

FCRE9991

2025-05-29 14:20

2025-06-06 07:30

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender updated DTI and is now matching TPR - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW along with Lock form - Buyer-06/06/2025

Counter-there is more than 10 months remaining. payment at $317/ mo x 10 months = $3170 and balance is higher - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/03/2025

Open-DTI is 46.16. Lender omitted Affirm but do not have 12 months cancelled check to show paid by business. please provide proof of omission or add to DTI - Due Diligence Vendor-05/29/2025

Resolved-lender updated DTI and is now matching TPR - Due Diligence Vendor-06/06/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4275102

XXXXXX-2025-NQM3-727

Closed

FCRE1437

2025-05-29 07:49

2025-06-03 13:17

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-resolved with lender comments - lender is aware of shorter employment that 2 yrs and accepts - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/03/2025

Open-Income and Employment Do Not Meet Guidelines Bwr was a 1099 Employee prior to wage (W2) switch in 10/2023 - LOE page 135 + VVOE agrees. However, there is no income documentation (2023 1099) to complete the 24 month income verification - 2023 W2 only reflects wages form 10/2023 -12/2023. Therefore, the income verification in present file only covers 10/2023 -05/2025, or 20 months. - Due Diligence Vendor-05/29/2025

Resolved-resolved with lender comments - lender is aware of shorter employment that 2 yrs and accepts - Due Diligence Vendor-06/03/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4268507

XXXXXX-2025-NQM3-727

Closed

FCOM4028

2025-05-29 07:17

2025-05-29 14:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4268010

XXXXXX-2025-NQM3-728

Closed

FCRE1180

2025-05-29 16:02

2025-06-04 07:03

Resolved

1 - Information

Credit

Missing Doc

HO-6 Insurance Policy is Missing

Resolved-invoice provided for missing premium now present - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached comment provided by CUW along with Insurance Invoice - Buyer-06/04/2025

Open-Premium amount is missing on provided HO-6 policy on page #522 - Due Diligence Vendor-05/29/2025

Resolved-invoice provided for missing premium now present - Due Diligence Vendor-06/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4276401

XXXXXX-2025-NQM3-728

Closed

FCRE9991

2025-05-29 14:14

2025-06-04 07:02

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-corrected 1003 provided and DTI now matches at 27.04 - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached 1003 - Buyer-06/04/2025

Counter-updated 1003 to show all correct figures is required. Updated DTI is now more than 7% different than TPR. Unable to determine what you used for rent loss- need an updated 1003 - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW along with updated Lock Form. DTI is 27.044% now - Buyer-06/03/2025

Open-*DTI is off by 1.72% Lender DTI is 18.54%
- Subject PITI $1,776.10 and Other Debt $75 matches
- Income $9,983.69 - matches. However rent loss $848.91 (Pg. no 50 of 132) was not considered by lender. By adding this rent loss the income got adjusted to $9,134.78
-DTI should be PITI + Other EXP / Income = $1,776.10+75/$9,134.78 = 20.26% - Due Diligence Vendor-05/29/2025

Resolved-corrected 1003 provided and DTI now matches at 27.04 - Due Diligence Vendor-06/04/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4275008

XXXXXX-2025-NQM3-728

Closed

FCOM4028

2025-05-29 10:55

2025-05-30 11:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4271917

XXXXXX-2025-NQM3-729

Closed

FCRE9991

2025-05-29 15:32

2025-06-02 11:55

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated tape with correct score now present - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please see attached updated Tape - Buyer-06/02/2025

Open-
*DSCR is off by 0.113. Lender's score 0.858
Lender 1008 indicates a rent of $3,766.67. Docs in file, 1007 page #195 of 209 reflect $2500 & [Redacted] on page #160 of 209 reflects rent of $2825 . PITI Matches. No lease or other indicator to support any other rent per Lender if any.
> Calculation: 2825/ 2,910.71= 0.971 should be the actual score.
Reason is that higher [Redacted] was used in qualifying - Due Diligence Vendor-05/29/2025

Resolved-updated tape with correct score now present - Due Diligence Vendor-06/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4275969

XXXXXX-2025-NQM3-729

Closed

FCOM4028

2025-05-29 13:32

2025-05-30 11:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4274438

XXXXXX-2025-NQM3-730

Closed

FCRE9651

2025-05-29 16:08

2025-06-03 13:54

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-am schedule now present - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-06/03/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. Amortization Schedule is 'Missing' from the Closing Package. - Due Diligence Vendor-05/29/2025

Resolved-am schedule now present - Due Diligence Vendor-06/03/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4276497

XXXXXX-2025-NQM3-730

Closed

FCRE9991

2025-05-30 08:13

2025-06-03 13:48

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-score updated and matches TPR - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please see attached tape, lock confirmation. 1008 and approval letter. - Buyer-06/03/2025

Open-*DSCR is off by  0.011. Lender's score 1.055
Lender 1008 indicates a rent of $1875. Docs in file, 1007 page #14 of 207 reflect $1875. PITI Mismatches. No lease or other indicator to support any other rent per Lender if any.
> Calculation: $1875/$1,759.08 =  1.066 should be the actual score.
Reason: Lender has incorrectly considered HOI premium of $184.25 monthly, however no supporting docs in file to verify the same. Verified HOI policy on page #1 of 78 HOI premium is $167.67 monthly. Hence considered accordingly  - Due Diligence Vendor-05/30/2025

Resolved-score updated and matches TPR - Due Diligence Vendor-06/03/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4282434

XXXXXX-2025-NQM3-730

Closed

FCOM4028

2025-05-29 15:57

2025-06-02 11:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4276358

XXXXXX-2025-NQM3-731

Closed

FCOM4028

2025-05-30 09:52

2025-06-02 11:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4284317

XXXXXX-2025-NQM3-732

Closed

FCOM4028

2025-05-29 13:32

2025-05-30 09:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-05/29/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-05/30/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4274447

XXXXXX-2025-NQM3-733

Closed

FCOM4028

2025-05-30 13:25

2025-06-02 11:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4287858

XXXXXX-2025-NQM3-733

Closed

FCRE1200

2025-05-30 14:55

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived--As per rate sheet Minimum Loan Amount is [Redacted]
-Exception form provided to proceed with loan as File Loan amount is $[Redacted]
-Approved Condition :- [Redacted], 0.25 to price
-Exception form on Pg. no 396 of 486. - Due Diligence Vendor-05/30/2025

Waived--As per rate sheet Minimum Loan Amount is [Redacted]
-Exception form provided to proceed with loan as File Loan amount is [Redacted]
-Approved Condition :- [Redacted], 0.25 to price
-Exception form on Pg. no 396 of 486. - Due Diligence Vendor-05/30/2025

Revolving debt is under 30%, 5+ years credit history, Reserves >6 months.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4289342

XXXXXX-2025-NQM3-734

Closed

FCRE9991

2025-05-30 08:51

2025-06-05 08:57

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender corrected DTI and now matches at 29.78 - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. This has been corrected, it looks like the rent was being hit somehow & our system had the borrower at two current residences but everything is all set now including the HOA. - Buyer-06/04/2025

Open- - DTI should be 29.78%. Approval is 44.56%. PITIA is $4,216.05 + Debts from the credit report of $1,120 / Income of $17,916.66 - Borrower purchase property in Aug 2024. It appears broker used the same 1003 as a template for this refinance - see page 361 for LOE. Due to this, the borrower's rent ($3,100) from prior residence was included in the DTI. Additionally, the HOA dues are higher, per the Condo Questionnaire ($489) than is reflected on the 1008 ($36.08). - Due Diligence Vendor-05/30/2025

Resolved-lender corrected DTI and now matches at 29.78 - Due Diligence Vendor-06/05/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4283073

XXXXXX-2025-NQM3-734

Closed

FCOM4028

2025-05-30 07:26

2025-06-02 11:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4281695

XXXXXX-2025-NQM3-734

Closed

FPRO116

2025-05-30 08:56

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Trend of Property Values: "Declining" Markets allowed with maximum of [Redacted]
*Exception form is provided to allow with declining value
*Approved Conditions: 0.25 to price, [Redacted] max
*Exception form is on page # 811 of 811, Appraisal page 213 of 811, Appraisal Update page 186 of 811 - Due Diligence Vendor-05/30/2025 - Due Diligence Vendor-05/30/2025

5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4283179

XXXXXX-2025-NQM3-735

Closed

FCOM4028

2025-05-30 09:36

2025-06-02 10:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4284099

XXXXXX-2025-NQM3-736

Closed

FCOM4028

2025-06-02 05:43

2025-06-03 11:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4296272

XXXXXX-2025-NQM3-736

Closed

FVAL5385

2025-06-02 08:54

2025-06-03 11:39

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-listed for sale in last 6 months. delisted in Dec 2024. Cannot be listed within last 12 months per guides
Page 530
- Due Diligence Vendor-06/02/2025

Residual income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late
payments in the last 24 months, Credit score >40 points than minimum required
Credit Decision
Status & Date of Decision Approved With Conditions 05/05/2025 +0.25 to price, 70% CLTV max

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4298323

XXXXXX-2025-NQM3-737

Closed

FCRE7347

2025-05-31 10:21

2025-06-03 09:15

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-departure lease now present - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. Please review uploaded lease - Buyer-06/02/2025

Open- - missing lease agreement for departure residence. - Due Diligence Vendor-05/31/2025

Resolved-departure lease now present - Due Diligence Vendor-06/03/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4291451

XXXXXX-2025-NQM3-738

Closed

FCRE1995

2025-06-02 10:48

2025-06-04 12:28

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. Backed out EMD - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. $10k EMD was backed out. Please see attached - Buyer-06/04/2025

Open-need proof the 10K of the 50k cleared borrower account. need this to support borrowers 5% into deal as first time home owner - Due Diligence Vendor-06/02/2025

Resolved-resolved with lender comments. Backed out EMD - Due Diligence Vendor-06/04/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4300759

XXXXXX-2025-NQM3-738

Closed

FCOM4028

2025-06-02 09:23

2025-06-03 11:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4299173

XXXXXX-2025-NQM3-739

Closed

FCOM4028

2025-06-02 07:07

2025-06-03 12:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4296881

XXXXXX-2025-NQM3-740

Closed

FCRE1212

2025-06-02 12:41

2025-06-06 08:01

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-contract proof of updated sale price is now present - Due Diligence Vendor-06/06/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/06/2025
Open-Purchase contract has not been fully provided - missing addendum raising purchase price to $[Redacted] - Due Diligence Vendor-06/02/2025

Resolved-contract proof of updated sale price is now present - Due Diligence Vendor-06/06/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4302668

XXXXXX-2025-NQM3-740

Closed

FCOM4028

2025-06-02 12:10

2025-06-03 12:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4302203

XXXXXX-2025-NQM3-741

Closed

FCOM4028

2025-06-02 09:10

2025-06-03 11:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4298608

XXXXXX-2025-NQM3-741

Closed

FCRE3599

2025-06-02 13:01

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-As per guide, maximum of 5 loans with our lender, for each borrower in 6 months span is allowed.
*Exception form is provided to allow 5+ loans for the same borrower with our lender.
*Exception form is on page #95 of 314
*Approved Conditions: [Redacted] max, 3Y PPP - Due Diligence Vendor-06/02/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4303042

XXXXXX-2025-NQM3-742

Closed

FCOM4028

2025-06-03 00:15

2025-06-03 10:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/03/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4308766

XXXXXX-2025-NQM3-742

Closed

FCRE3599

2025-06-03 02:54

2025-06-03 09:51

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Same Borrowers owns more than 5 loans and we have exception in page#14_Credit_pkg_2.pdf. This exceeds guides line for max loans per borrower - Due Diligence Vendor-06/03/2025

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months - No mortgage late payments in CBR Page #216_Credit_pkg_2.pdf
5+ years credit history - Oldest tradeline date in CBR page #216_Credit_pkg_2.pdf is 07/01/2008
No consumer late payments in the last 24 months - No Consumer late payments in past 24 months per CBR Page #216_Credit_pkg_2.pdf. Existing late payments till 12/2021
Credit score >40 points than minimum required - Guideline Min FICO is 620 and Qualifying FICO is 782 variance is 162 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4309264

XXXXXX-2025-NQM3-743

Closed

FCOM4028

2025-06-03 06:27

2025-06-04 07:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/04/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4310397

XXXXXX-2025-NQM3-744

Closed

FCOM4028

2025-06-03 04:22

2025-06-04 11:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/04/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4309507

XXXXXX-2025-NQM3-744

Closed

FCRE3599

2025-06-03 06:13

2025-06-03 13:56

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Borrower have 20 loans which is greater than maximum Guideline requirement of 5 loans. However, we have exception in page#624 - Due Diligence Vendor-06/03/2025

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months - No mortgage late payments in CBR Page #917
5+ years credit history - Oldest tradeline date in CBR page #917 is 07/01/2008
No consumer late payments in the last 24 months - No Consumer late payments in past 24 months per CBR Page #917. Existing late payments till 12/2021
Credit score >40 points than minimum required - Guideline Min FICO is 620 and Qualifying FICO is 782 variance is 162 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4310278

XXXXXX-2025-NQM3-745

Closed

FCRE1248

2025-06-03 08:26

2025-06-06 13:04

Resolved

1 - Information

Credit

Eligibility

Purchase is not considered to be an Arm's Length Transaction

Resolved-lender accepts not having the pay history since not purchasing from relative. it is just a tenant landlord sale. accepted and clears finding - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. SUW: While the appraisal does technically say non arms length, this is only due to the fact that the buyer is the current tenant of the property. There is no other relationship. The tenant/landlord relationship is not considered a non arms length relationship per the guidelines. This has also been confirmed w/ Fannie Mae in the past.
SUW teamlead: Can confirm that Non-QM loans do not consider a tenant/landlord relationship as non-arm’s length. - Buyer-06/06/2025

Open-Purchase is not considered to be an Arm's Length Transaction missing 12 month pay history for the seller as this is a arms length transaction per appraiser - Due Diligence Vendor-06/03/2025

Resolved-lender accepts not having the pay history since not purchasing from relative. it is just a tenant landlord sale. accepted and clears finding - Due Diligence Vendor-06/06/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4311848

XXXXXX-2025-NQM3-745

Closed

FCOM4028

2025-06-03 05:32

2025-06-04 14:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4309918

XXXXXX-2025-NQM3-746

Closed

FCOM4028

2025-06-03 09:27

2025-06-04 12:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4312932

XXXXXX-2025-NQM3-746

Closed

FCRE1174

2025-06-03 11:15

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Waived-As per guide, Building Ordinance coverage required on condos
*Exception form is provided to allow no Building Ordinance coverage
*Approved Conditions: +0.375 to price
*Exception form is on page # 689 of 813 - Due Diligence Vendor-06/03/2025 - Due Diligence Vendor-06/03/2025

Residual income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4316039

XXXXXX-2025-NQM3-747

Closed

FCOM7379

2025-06-03 09:16

2025-06-06 13:09

Resolved

1 - Information

Compliance

TRID

Final CD: Calculating Cash to Close Seller Credit discrepancy

Resolved-concessions addendum now present - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. Attached is the addendum for realtor credits.

- Buyer-06/06/2025

Open-Please provide supporting document to verify realtor credit amount of $6,179.80 reflecting in Final CD Page #25 - Due Diligence Vendor-06/03/2025

Resolved-concessions addendum now present - Due Diligence Vendor-06/06/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4312675

XXXXXX-2025-NQM3-747

Closed

FCOM4028

2025-06-03 07:02

2025-06-04 14:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/04/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4310722

XXXXXX-2025-NQM3-747

Closed

FCRE3599

2025-06-03 08:46

2025-06-03 10:52

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Maximum 5 loans per Guidelines whereas Borrower owns 20 loans. However, we have exception in page#597 - Due Diligence Vendor-06/03/2025

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months - No mortgage late payments in CBR Page #785
5+ years credit history - Oldest tradeline date in CBR page #785 is 07/01/2008
No consumer late payments in the last 24 months - No Consumer late payments in past 24 months per CBR Page #785. Existing late payments till 12/2021
Credit score >40 points than minimum required - Guideline Min FICO is 620 and Qualifying FICO is 782 variance is 162 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4312174

XXXXXX-2025-NQM3-748

Closed

FCRE9651

2025-06-02 09:20

2025-06-05 13:32

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-now present - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. Please review uploaded amortization schedule - Buyer-06/05/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. - Due Diligence Vendor-06/02/2025

Resolved-now present - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4299134

XXXXXX-2025-NQM3-748

Closed

FCOM1621

2025-06-02 09:20

2025-06-05 13:31

Resolved

1 - Information

Compliance

Missing Doc

Missing Initial Escrow Disclosure

Resolved-now present. - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. Please review uploaded IEAD - Buyer-06/05/2025

Open-Initial Escrow Account Disclosure is Missing - Due Diligence Vendor-06/02/2025

Resolved-now present. - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4299133

XXXXXX-2025-NQM3-748

Closed

FCOM4028

2025-06-02 09:13

2025-06-02 12:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4298782

XXXXXX-2025-NQM3-748

Closed

FVAL5524

2025-06-02 10:07

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Waived-As per guide,Kitchenettes in condotels are considered on a case-by case basis.
*Exception form is provided to allow a kitchette
*Approved Conditions:0.25 to price
*Exception form is on page # 133 of 802 - Due Diligence Vendor-06/02/2025 - Due Diligence Vendor-06/02/2025

No mortgage late payments in the last 24 months, Borrower contribution exceeds requirement >=5%, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4300087

XXXXXX-2025-NQM3-749

Closed

FCOM4028

2025-06-02 15:55

2025-06-03 09:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4306116

XXXXXX-2025-NQM3-749

Closed

FCRE6843

2025-06-02 15:23

Waived

2 - Non-Material

Credit

Assets

Asset General

Waived-*As per Guide all documents must be translated by a certified translator.
*Exception provided to Accept documents with google translate for Asset documents pg.#196
*Exception Pg.#440
*Approved with Condition: 0.25 to Price
- Due Diligence Vendor-06/02/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4305709

XXXXXX-2025-NQM3-750

Closed

FCOM4028

2025-06-02 09:12

2025-06-03 11:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4298641

XXXXXX-2025-NQM3-751

Closed

FCRE9991

2025-06-03 13:48

2025-07-08 08:16

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender provided the lease and recalculated DTI>  DTI is now within .05% - Due Diligence Vendor-07/08/2025

Ready for Review-Document Uploaded. Please see attached comment from SUW along with Lease agreement provided by the Broker and updated Lock form. DTI is now 32.86%  - Buyer-07/07/2025

Open-DTI is 72.67%.  Lender didnt include the retained mortgage payment of $4025.27 in DTI.  this makes DTI 72.67% - Due Diligence Vendor-06/03/2025

Resolved-lender provided the lease and recalculated DTI> DTI is now within .05% - Due Diligence Vendor-07/08/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4319290

XXXXXX-2025-NQM3-751

Closed

FCOM1233

2025-06-03 13:49

2025-06-16 06:58

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-occupancy intended use corrected on final 1003 - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. Please see the 1003 fixed. - Buyer-06/14/2025

Counter-still need 1003 corrected. REO section asks what is the INTENDED use. if converting to a rental it should be marked investment. please fix - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Please see the updated 1003. [Redacted]s was Borrower`s OO home, subject property is a new home. - Buyer-06/11/2025

Open-final 1003 says this is a primary purchase and retained property will also be used for primary - Due Diligence Vendor-06/03/2025

Resolved-occupancy intended use corrected on final 1003 - Due Diligence Vendor-06/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4319306

XXXXXX-2025-NQM3-751

Closed

FCOM4028

2025-06-03 12:06

2025-06-04 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4316986

XXXXXX-2025-NQM3-751

Closed

FCRE1228

2025-06-03 13:51

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-exceeds max Nonsufficient funds allowed for a bank statement income program
6 NSF's Last 12 Months
Comments Low LTV low DTI
Compensating Factors
No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months, LTV [Redacted]% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds
requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 05/05/2025 0.25 to price subject to full value review
Pg 377 - Due Diligence Vendor-06/03/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds
requirement >=5%
Credit Decision
Status & Date of Decision Approved With Conditions 05/05/2025 0.25 to price subject to full value review

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4319324

XXXXXX-2025-NQM3-752

Closed

FCRE3978

2025-06-02 15:20

2025-06-09 07:08

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Credit)

Resolved-resolved with lender comments. Lender has reviewe4d and determined box was checked in error - Due Diligence Vendor-06/09/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/07/2025
Open-Final 1003 page #63 of 131, section 5 Declaration pointer C is marked as Yes and amount disclosed is $[Redacted]. However no supporting docs in file to verify the amount.
- Due Diligence Vendor-06/02/2025

Resolved-resolved with lender comments. Lender has reviewe4d and determined box was checked in error - Due Diligence Vendor-06/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4305680

XXXXXX-2025-NQM3-752

Closed

FCOM4028

2025-06-02 13:40

2025-06-04 14:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4303936

XXXXXX-2025-NQM3-752

Closed

FPRO2525

2025-06-02 15:05

Waived

2 - Non-Material

Property

Insurance Deductible is Outside of Program Allowance

Waived-As per guide, The maximum allowable deductible for windstorms is 10%
*Exception form is provided to allow Storm deductible is 15%
*Approved Conditions: 0.25 to price
*Exception form is on page #424 of 509 - Due Diligence Vendor-06/02/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4305439

XXXXXX-2025-NQM3-753

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

XXXXXX-2025-NQM3-754

Closed

FCRE9991

2025-06-03 11:34

2025-06-06 08:09

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender is using the award letters issue date for the 2 year full doc program for Other types of income. This resolves this finding - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/06/2025

Open-program is 2 yr full docs but only 1 year 1009s present. need 2023 1099s or change program to 1 yr - Due Diligence Vendor-06/03/2025

Resolved-lender is using the award letters issue date for the 2 year full doc program for Other types of income. This resolves this finding - Due Diligence Vendor-06/06/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4316400

XXXXXX-2025-NQM3-754

Closed

FCOM4028

2025-06-03 06:37

2025-06-03 11:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4310480

XXXXXX-2025-NQM3-754

Closed

FVAL5474

2025-06-03 07:54

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Waived-As per guide, Condo projects may not have mandatory upfront or periodic membership fees and must be held in Fee Simple.
*Exception form is provided to allow mandatory 3rd party membership fees for the condo project with Leasehold
*Approved Conditions: [Redacted] max, with 0.375 to price
*Exception form is on page # 353 of 456 - Due Diligence Vendor-06/03/2025 - Due Diligence Vendor-06/03/2025

DTI below 45%, Residual income > $3,000, DTI > 10% below program maximum, No mortgage lates last 24 months, 5+ yrs credit history, Credit Score > 40 points above program minimum, Reserves > 6 months, Bwr contribution exceeds 5% over minimum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4311391

XXXXXX-2025-NQM3-755

Closed

2260

2025-06-04 13:33

2025-06-06 13:38

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments - Due Diligence Vendor-06/06/2025

Ready for Review-Confirmed,

There is no PPP on the file - Buyer-06/06/2025

Open-confirm none - Due Diligence Vendor-06/04/2025

Resolved-resolved with lender comments - Due Diligence Vendor-06/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4336116

XXXXXX-2025-NQM3-755

Closed

FCOM4028

2025-06-03 07:34

2025-06-04 13:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4311057

XXXXXX-2025-NQM3-756

Closed

FCRE7375

2025-06-03 12:56

2025-06-05 13:50

Resolved

1 - Information

Credit

Borrower

Citizenship Does Not Meet Guideline Requirements

Resolved-legible copy of I 94 now present - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. page 3 of the uploaded document - there is i-94 - Buyer-06/05/2025

Open- - B2 Permanent Resident Card is expired. - Due Diligence Vendor-06/03/2025

Resolved-legible copy of I 94 now present - Due Diligence Vendor-06/05/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4317966

XXXXXX-2025-NQM3-756

Closed

FCOM4028

2025-06-03 11:57

2025-06-04 15:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4316796

XXXXXX-2025-NQM3-756

Closed

FCRE1228

2025-06-03 13:08

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Waived-As per guide, Maximum of 3 NSFs occurrences in the most recent 12-month period are allowed.
*Exception form is provided to allow 4 NSFs
*Approved Conditions: [Redacted]% MAX & 0.125 to price
*Exception form is on page # 629 of 707 - Due Diligence Vendor-06/03/2025 - Due Diligence Vendor-06/03/2025

5 years on current job, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, 2+ borrowers on the loan, LTV 10% below maximum, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4318308

XXXXXX-2025-NQM3-756

Closed

FPRO2828

2025-06-03 13:05

Waived

2 - Non-Material

Property

Appraisal Transfer Not Allowed For Loan Program

Waived-Waived-As per guide, Copy of SSR’s (FNMA/FHLMC Portal Results) is requested even if CU score is unavailable (no CU score). Regardless of SSR CU score, an eligible form of secondary valuation ([Redacted]-pulled AVM with confidence score of 90%+ and value not more than 10% less than the appraised value) is required for each transferred appraisal.
*Exception form is provided to allow Transferred appraisal
*Approved Conditions: 0.25 to price & valid form of secondary valuation is required
*Exception form is on page # 628 of 707, Appraisal page 201 of 707, Appraisal Review page 172 of 707 - Due Diligence Vendor-06/02/2025 - Due Diligence Vendor-06/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4318278

XXXXXX-2025-NQM3-756

Closed

FCRE1437

2025-06-03 13:00

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Waived-As per guide, Statements must support stable and generally predictable deposits.
*Exception form is provided to allow Inconsistent income deposits
*Approved Conditions: 0.125 to price
*Exception form is on page # 627 of 707- Due Diligence Vendor-06/03/2025 - Due Diligence Vendor-06/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4318065

XXXXXX-2025-NQM3-757

Closed

FCOM4028

2025-06-03 14:19

2025-06-05 07:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4321475

XXXXXX-2025-NQM3-758

Closed

FCRE1491

2025-06-04 01:46

2025-06-12 05:59

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-gift wire to closing now present - Due Diligence Vendor-06/12/2025
Ready for Review-Document Uploaded. closing gift wire to title of $21K from [Redacted] uploaded - Buyer-06/11/2025
Open-Asset Qualification Does Not Meet Guideline Requirements missing closing gift wire to title of $21K from [Redacted]. - Due Diligence Vendor-06/04/2025

Resolved-gift wire to closing now present - Due Diligence Vendor-06/12/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

4327555

XXXXXX-2025-NQM3-758

Closed

FCOM4028

2025-06-03 10:35

2025-06-05 11:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

4315381

XXXXXX-2025-NQM3-759

Closed

FCRE9650

2025-06-03 14:26

2025-06-05 09:04

Resolved

1 - Information

Credit

Missing Doc

Missing Lead Paint Disclosure on properties built before January 1, 1978.

Resolved-disclosure now present - Due Diligence Vendor-06/05/2025

Ready for Review-Document Uploaded. - Buyer-06/04/2025

Open-Lead Based Paint Disclosure is 'Missing'. Missing Lead Paint Disclosure on properties built on or before December 31, 19767. missing - Due Diligence Vendor-06/03/2025

Resolved-disclosure now present - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4323185

XXXXXX-2025-NQM3-759

Closed

FCOM4028

2025-06-03 14:07

2025-06-03 14:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4319641

XXXXXX-2025-NQM3-760

Closed

FCOM3605

2025-06-04 13:57

2025-06-13 08:04

Resolved

1 - Information

Compliance

TRID

TRID: CD not delivered at least 3 days prior to consummation

Resolved-proof of delivery now present - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. Please see the evidence. - Buyer-06/13/2025

Open-Need evidence that revised closing disclosure dated 5-29-25 was sent electronically to the borrower. - Due Diligence Vendor-06/04/2025

Resolved-proof of delivery now present - Due Diligence Vendor-06/13/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4336872

XXXXXX-2025-NQM3-760

Closed

FCOM4028

2025-06-04 10:00

2025-06-05 07:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4332300

XXXXXX-2025-NQM3-760

Closed

FCRE8611

2025-06-04 13:18

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived--IRS amount Owned is reflecting in Personal tax return
-Exception form Provided to proceed with loan as IRS approved instalment agreement is missing
-Approved Condition :- 0.25 to price
-Exception form on pg. no 546 of 626. - Due Diligence Vendor-06/04/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4335817

XXXXXX-2025-NQM3-761

Closed

FCRE8728

2025-06-04 10:19

2025-06-11 06:33

Resolved

1 - Information

Credit

Missing Doc

Missing Payment History

Resolved-resolved with lender comments. the loan in question has not closed yet and therefore no docs to provide. included to be conservative - Due Diligence Vendor-06/11/2025

Ready for Review-The loan has not closed yet, so there is no CD or the Note in the file. - Buyer-06/11/2025

Open-- missing payment info for new [Redacted] mortgage on investment property. Need copy of signed note and HUD - Due Diligence Vendor-06/05/2025

Resolved-resolved with lender comments. the loan in question has not closed yet and therefore no docs to provide. included to be conservative - Due Diligence Vendor-06/11/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4332604

XXXXXX-2025-NQM3-761

Closed

FCRE9991

2025-06-04 10:18

2025-06-11 06:32

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender corrected DTI and now matches - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. DTI is 29.439%, $2,632 liability is included. - Buyer-06/11/2025

Open- - DTI should be 29.44% Approval is 25.57% - difference is due to $2,632 payment for 3273 E Main investment property not being included in the DTI. - Due Diligence Vendor-06/04/2025

Resolved-lender corrected DTI and now matches - Due Diligence Vendor-06/11/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4332593

XXXXXX-2025-NQM3-761

Closed

FCOM4028

2025-06-04 08:46

2025-06-05 13:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4330808

XXXXXX-2025-NQM3-762

Closed

5000650-License-Loan Originator

2025-06-04 10:37

2025-06-13 08:05

Resolved

1 - Information

Compliance

Mavent

License: Loan Originator

Resolved-lender has investigated and determined validity of NLMS - Due Diligence Vendor-06/13/2025
Ready for Review-Document Uploaded. [Redacted] is licensed in [Redacted] and works in the broker’s company. - Buyer-06/13/2025
Open-A relationship between [Redacted] (NMLS ID: [Redacted]) and the company (Company NMLS ID: [Redacted]) does not exist in the NMLS Consumer Access as of 2025-05-30. - Due Diligence Vendor-06/04/2025

Resolved-lender has investigated and determined validity of NLMS - Due Diligence Vendor-06/13/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4332892

XXXXXX-2025-NQM3-762

Closed

FCOM4028

2025-06-04 09:07

2025-06-05 14:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4331195

XXXXXX-2025-NQM3-762

Closed

FPRO116

2025-06-04 09:57

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Guideline prohibits more than 10% ownership of units by a single entity within a condo project.
*Exception form is provided to allow single entity ownership of 78% of units in project.
*Approved Conditions: [Redacted] max, ok with 0.5 to price
*Exception form is on page # 307 of 494 Due Diligence Vendor-06/04/2025 - Due Diligence Vendor-06/04/2025

Revolving debt under 30%, 5 yrs current job, Residual income > $3,000, 10 years same line of employment, No credit events past 40 months, 5+ yrs credit history, Credit Score >40 points above program minimum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4332238

XXXXXX-2025-NQM3-763

Closed

FCOM4028

2025-06-04 06:49

2025-06-05 14:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4329057

XXXXXX-2025-NQM3-764

Closed

FCOM4028

2025-06-04 10:53

2025-06-05 14:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

4333067

XXXXXX-2025-NQM3-765

Closed

FCRE1440

2025-06-04 16:02

2025-06-12 06:01

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-mortgage history now present thru application date showing no recent lates - Due Diligence Vendor-06/12/2025
Ready for Review-Document Uploaded. Please see the most recent payment as of application date (2/5/2025). - Buyer-06/11/2025
Open-Housing History Does Not Meet Guideline Requirements Need recent payment proof for mortgage [Redacted]reflected on page #3 & 404 - Due Diligence Vendor-06/04/2025

Resolved-mortgage history now present thru application date showing no recent lates - Due Diligence Vendor-06/12/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4338684

XXXXXX-2025-NQM3-765

Closed

FCOM1159

2025-06-04 14:18

2025-06-09 07:30

Resolved

1 - Information

Compliance

TRID

TRID: Loan Estimate not received by the borrower at least 4 days prior to consummation

Resolved-proof of electronic delivery now present - Due Diligence Vendor-06/09/2025

Ready for Review-Document Uploaded. Please see attached Loan Estimate with eSign Certificate - Buyer-06/07/2025

Open-Provide evidence that Revised Loan Estimate issues on 05/14/2025 was sent electronically - Due Diligence Vendor-06/04/2025

Resolved-proof of electronic delivery now present - Due Diligence Vendor-06/09/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4337229

XXXXXX-2025-NQM3-765

Closed

FCOM4028

2025-06-04 09:55

2025-06-05 10:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4332215

XXXXXX-2025-NQM3-765

Closed

FVAL4940

2025-06-04 16:46

2025-06-04 16:49

Waived

2 - Non-Material

Property

Missing Doc

Missing Homeowner's Association Questionnaire

Waived-Exception form provided for No HOA (sale is in progress, not determined yet )
Exception form Page#355 OF 460
Approved With Conditions: max [Redacted], 0.25 to price - Due Diligence Vendor-06/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4339278

XXXXXX-2025-NQM3-766

Closed

FCOM4028

2025-06-04 12:27

2025-06-05 13:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4334942

XXXXXX-2025-NQM3-766

Closed

FVAL5474

2025-06-04 14:27

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-pg 513
condo single investor ownership exceeded. Condo issues. 3/17 units single entity ownership, common elements repairs required
Comments Our subject property is one of those 3 units, which our borrower is buying so soon it will only be 2 units
owned by the same entity which is allowed based on the total units. Please find attached condo
questionnaire

- Due Diligence Vendor-06/04/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage
late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum,
Credit score >40 points than minimum required
Credit Decision
Status & Date of Decision Approved With Conditions 05/08/2025 0.25 to price

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4337427

XXXXXX-2025-NQM3-766

Closed

FCRE3466

2025-06-04 14:27

Waived

2 - Non-Material

Credit

Missing Doc

Missing evidence of sufficient insurance for condo project

Waived-Minimum coverages for condo ordinance not present.

Ordinance and Law Coverage not obtainable
Comments Please allow Ord and Law Coverage not being obtainable. It is available on the insurance marker but not
obtainable for the HOA
Pg. 514 - Due Diligence Vendor-06/04/2025

Compensating Factors
Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage
late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum,
Credit score >40 points than minimum required
Credit Decision
Status & Date of Decision Approved With Conditions 05/19/2025 75% LTV max, 0.25 to price

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4337403

XXXXXX-2025-NQM3-767

Closed

FCOM4028

2025-06-04 05:12

2025-06-05 14:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/05/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/04/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/05/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4328309

XXXXXX-2025-NQM3-768

Closed

2000003-Fees-Prohibited-MERS® Registration Fee-128-IA-Borrower, Seller, Originator, Lender or Other-Lender, Originator, Affiliate or Provider

2025-06-04 08:25

2025-06-20 07:23

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- MERS® Registration Fee (Fee ID: 128)

Cured- - Due Diligence Vendor-06/20/2025
Cured-This is acceptable. - Due Diligence Vendor-06/20/2025
Resolved- - Due Diligence Vendor-06/20/2025
Open- - Due Diligence Vendor-06/20/2025
Open- - Due Diligence Vendor-06/20/2025
Ready for Review-Document Uploaded. Please see attached PCCD, Letter of explanation and check refund - Seller-06/19/2025
Open-MERS® Registration Fee (Fee ID: 128) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in [Redacted] under the [Redacted] Money and Interest Provisions. Only fees specified under [Redacted] Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. ([Redacted] Code 535.8(4)(b)(1)). - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached PCCD, Letter of explanation and check refund - Seller-06/19/2025

Cured-This is acceptable. - Due Diligence Vendor-06/20/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330458

XXXXXX-2025-NQM3-768

Closed

2000003-Fees-Prohibited-Electronic Recording Fee-108-IA-Borrower, Seller, Originator, Lender or Other-Lender, Originator, Affiliate or Provider

2025-06-04 08:25

2025-06-20 07:23

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- Electronic Recording Fee (Fee ID: 108)

Cured- - Due Diligence Vendor-06/20/2025
Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025
Resolved- - Due Diligence Vendor-06/20/2025
Open- - Due Diligence Vendor-06/20/2025
Open- - Due Diligence Vendor-06/20/2025
Rescinded-Electronic Recording Fee (Fee ID: 108) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in [Redacted] under the [Redacted] Money and Interest Provisions. Only fees specified under [Redacted] Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. ([Redacted] Code 535.8(4)(b)(1)). Duplicate - Due Diligence Vendor-06/04/2025

Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025
Rescinded-Electronic Recording Fee (Fee ID: 108) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in [Redacted] under the [Redacted] Money and Interest Provisions. Only fees specified under [Redacted] Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. ([Redacted] Code 535.8(4)(b)(1)). Duplicate - Due Diligence Vendor-06/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330451

XXXXXX-2025-NQM3-768

Closed

2000000-Fees-Prohibited-Tax Related Service Fee-107-IA-Borrower

2025-06-04 08:25

2025-06-20 07:23

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- Tax Related Service Fee (Fee ID: 107)

Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025

Rescinded-Subsection 535.8(a) of the [Redacted] Money and Interest Provisions does not allow Tax Related Service Fee (Fee ID: 107) to be charged to the Borrower in IA. Duplicate - Due Diligence Vendor-06/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330455

XXXXXX-2025-NQM3-768

Closed

2000003-Fees-Prohibited-Tax Related Service Fee-107-IA-Borrower, Seller, Originator, Lender or Other-Lender, Originator, Affiliate or Provider

2025-06-04 08:25

2025-06-20 07:22

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- Tax Related Service Fee (Fee ID: 107)

Cured- - Due Diligence Vendor-06/20/2025

Cured-This is acceptable. - Due Diligence Vendor-06/20/2025

Resolved- - Due Diligence Vendor-06/20/2025

Resolved- - Due Diligence Vendor-06/20/2025

Open- - Due Diligence Vendor-06/20/2025

Open- - Due Diligence Vendor-06/20/2025

Ready for Review-Document Uploaded. Please see attached PCCD, Letter of explanation and check refund - Seller-06/19/2025

Open-Tax Related Service Fee (Fee ID: 107) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in[Redacted]under the [Redacted] Money and Interest Provisions. Only fees specified under [Redacted] Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. ([Redacted] Code 535.8(4)(b)(1)). - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached PCCD, Letter of explanation and check refund - Seller-06/19/2025

Cured-This is acceptable. - Due Diligence Vendor-06/20/2025

Resolved- - Due Diligence Vendor-06/20/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330454

XXXXXX-2025-NQM3-768

Closed

2000000-Fees-Prohibited-MERS® Registration Fee-128-IA-Borrower

2025-06-04 08:25

2025-06-20 07:22

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- MERS® Registration Fee (Fee ID: 128)

Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025

Rescinded-Subsection 535.8(a) of the [Redacted] Money and Interest Provisions does not allow MERS® Registration Fee (Fee ID: 128) to be charged to the Borrower in IA. Duplicate - Due Diligence Vendor-06/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330453

XXXXXX-2025-NQM3-768

Closed

2000000-Fees-Prohibited-Electronic Recording Fee-108-IA-Borrower

2025-06-04 08:25

2025-06-20 07:21

Cured

2 - Non-Material

Compliance

Mavent

IA Fee Not Allowed- Electronic Recording Fee (Fee ID: 108)

Cured- - Due Diligence Vendor-06/20/2025

Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025

Resolved- - Due Diligence Vendor-06/20/2025

Open- - Due Diligence Vendor-06/20/2025

Open- - Due Diligence Vendor-06/20/2025

Ready for Review-Document Uploaded. Please see attached PCCD, Letter of explanation and check refund - Buyer-06/19/2025

Open-Subsection 535.8(a) of the [Redacted] Money and Interest Provisions does not allow Electronic Recording Fee (Fee ID: 108) to be charged to the Borrower in IA. - Due Diligence Vendor-06/04/2025

Cured-PCCD provided is acceptable. - Due Diligence Vendor-06/20/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4330457

XXXXXX-2025-NQM3-768

Closed

FCOM4028

2025-06-03 23:06

2025-06-06 08:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/06/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-06/06/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/04/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4327134

XXXXXX-2025-NQM3-769

Closed

FCOM4028

2025-06-04 08:21

2025-06-09 08:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/09/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-06/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/04/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4330391

XXXXXX-2025-NQM3-770

Closed

FCRE1995

2025-06-04 03:21

2025-06-04 13:09

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-06/04/2025

Ready for Review-Please disregard, EMD was back out - Buyer-06/04/2025

Open-Please provide supporting document to verify EMD amount of $2,500 reflecting in Final CD Page #31_Signed closing pkg.pdf - Due Diligence Vendor-06/04/2025

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-06/04/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4327768

XXXXXX-2025-NQM3-770

Closed

FCOM4028

2025-06-04 01:39

2025-06-04 07:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/04/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/04/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4327539

XXXXXX-2025-NQM3-770

Closed

FCRE3599

2025-06-04 03:22

2025-06-04 04:35

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Maximum 5 loans per Guidelines whereas Borrower owns 20 loans. However, we have exception in page#7-document - Due Diligence Vendor-06/04/2025

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months - No mortgage late payments in CBR Page #719document
5+ years credit history - Oldest tradeline date in CBR page #719documentis 07/01/2008
No consumer late payments in the last 24 months - No Consumer late payments in past 24 months per CBR Page #719-document. Existing late payments till 12/2021
Credit score >40 points than minimum required - Guideline Min FICO is 620 and Qualifying FICO is 782 variance is 162 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4327771

XXXXXX-2025-NQM3-771

Closed

FCOM4028

2025-06-05 09:44

2025-06-06 11:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4347133

XXXXXX-2025-NQM3-772

Closed

FCRE1319

2025-06-06 10:19

2025-06-13 08:14

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Personal Tax Returns Missing

Resolved-lender confirms tax liability used is less than 25%.  Explanation accepted to not have tax returns since less than 25% - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. FNMA guidance was used to gross up 25% using alternative documentation like award letters and account statements. The income was updated and grossed by 15% since there are no tax returns or transcripts.  - Buyer-06/13/2025

Counter-your guidelines state:  Social security (can be grossed up 25% if qualified by Full Documentation with Tax Returns).  Need actual return, or transcripts for tax returns or waiver - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. The deposit amount on bank statements matches the amount on the borrowers award letters, the process of grossing up SSI by 25% is followed up.  - Buyer-06/12/2025

Counter-tax returns are not in these items attached.  - Due Diligence Vendor-06/09/2025

Ready for Review-Document Uploaded. Please see attached Tax Returns provided for this loan - Buyer-06/07/2025

Open-need tax returns as borrowers incomes for SS were grossed up 25% - Due Diligence Vendor-06/06/2025

Resolved-lender confirms tax liability used is less than 25%. Explanation accepted to not have tax returns since less than 25% - Due Diligence Vendor-06/13/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4362676

XXXXXX-2025-NQM3-772

Closed

FCOM4028

2025-06-04 13:53

2025-06-06 10:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4336788

XXXXXX-2025-NQM3-773

Closed

FCOM4028

2025-06-04 06:54

2025-06-05 10:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4329116

XXXXXX-2025-NQM3-774

Closed

FCOM4028

2025-06-06 12:08

2025-06-06 12:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Missing evidence of Mortgage recording

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4364488

XXXXXX-2025-NQM3-775

Closed

FCOM4028

2025-06-04 12:42

2025-06-05 11:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4335235

XXXXXX-2025-NQM3-776

Closed

FCRE1491

2025-06-05 09:15

2025-06-12 06:07

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-business bank statement and proof owned (pg 456) now present - Due Diligence Vendor-06/12/2025

Resolved-Asset Qualification Does Not Meet Guideline Requirements - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Asset document uploaded. SUW confirming that the borrower had ownership of the business on the statement. - Buyer-06/11/2025

Open-Asset Qualification Does Not Meet Guideline Requirements Need 1 Months Bank statement to verify assets - Due Diligence Vendor-06/05/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4346600

XXXXXX-2025-NQM3-776

Closed

FCOM4028

2025-06-05 07:47

2025-06-06 12:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4344001

XXXXXX-2025-NQM3-776

Closed

FPRO1251

2025-06-05 09:25

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived--Asper guide the property zoning should be Legal
-Exception form provided to proceed with loan as in Appraisal report Zoning compliance is mentioned as Legal Nonconforming
-Approved condition :- [Redacted] Max & 0.125 to price & good with LA <$[Redacted]
-Exception form on Pg. no 462. - Due Diligence Vendor-06/05/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4346803

XXXXXX-2025-NQM3-776

Closed

FCRE1200

2025-06-05 09:23

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived--As per Rate sheet Minimum Loan Amount is [Redacted]
-Exception form provided to proceed with loan as File loan amount is $[Redacted]
-Approved condition :- [Redacted] Max & 0.125 to price & good with [Redacted]
-Exception form on Pg. no 462. - Due Diligence Vendor-06/05/2025

Waived--As per Rate sheet Minimum Loan Amount is [Redacted]
-Exception form provided to proceed with loan as File loan amount is $97,500
-Approved condition :- [Redacted] Max & 0.125 to price & good with [Redacted]
-Exception form on Pg. no 462. - Due Diligence Vendor-06/05/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4346773

XXXXXX-2025-NQM3-777

Closed

FCRE9991

2025-06-05 10:51

2025-06-11 06:46

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender sent corrected lock to reflect correct score of 775 - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. Updated the tape and lock to reflect 775 - Buyer-06/10/2025

Open-FICO on credit on page 344 is 775. Tape has credit score at 768 - Due Diligence Vendor-06/05/2025

Resolved-lender sent corrected lock to reflect correct score of 775 - Due Diligence Vendor-06/11/2025

[Redacted]

ATR/QM: Not Applicable

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4348198

XXXXXX-2025-NQM3-777

Closed

FCOM4028

2025-06-04 14:56

2025-06-05 10:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Not Applicable

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4337839

XXXXXX-2025-NQM3-778

Closed

FCRE1995

2025-06-05 05:17

2025-06-10 12:20

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, backed out - Due Diligence Vendor-06/10/2025

Ready for Review-Document Uploaded. EMD has been backed out from assets account balance,

No need to verify: - Buyer-06/10/2025

Open-Please Provide Evidence of Earnest Money Deposit of $2,000 as it is missing in the File. - Due Diligence Vendor-06/05/2025

Resolved-resolved with lender comments, backed out - Due Diligence Vendor-06/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4342477

XXXXXX-2025-NQM3-778

Closed

FCOM4028

2025-06-05 03:58

2025-06-06 09:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/06/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/05/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4341986

XXXXXX-2025-NQM3-779

Closed

FCRE1501

2025-06-04 14:05

2025-06-05 14:21

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Resolved-Total Qualified Assets for Reserves Post-Close of $4111.31 is equal to or greater than Total Required Reserve Amount of $3824.04 - Due Diligence Vendor-06/05/2025
Ready for Review-Total assets post close were $4,328.53 -that covers reserves requiremnts.Accounts reference used [Redacted] with balance $968.81 ;[Redacted] savings 3757-00 with balance $3061.56 ,[Redacted] checking [Redacted]with balance $298.16 - Buyer-06/05/2025
Open-Total Qualified Assets for Reserves Post-Close of $3262.71 is less than Total Required Reserve Amount of $3824.04 - Verified assets $244,134.28, cash to close $240,871.57, 3 months reserves required equal to $3,824.04, borrower is short $561.32 for reserves. - Due Diligence Vendor-06/04/2025

Resolved-Total Qualified Assets for Reserves Post-Close of $4111.31 is equal to or greater than Total Required Reserve Amount of $3824.04 - Due Diligence Vendor-06/05/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4337004

XXXXXX-2025-NQM3-779

Closed

FCOM4028

2025-06-04 12:26

2025-06-05 05:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4334914

XXXXXX-2025-NQM3-779

Closed

FCRE7805

2025-06-04 14:15

Waived

2 - Non-Material

Credit

Missing Doc

Missing Income - Bank Statements

Waived-Waived-As per guide, All parties listed on each bank account must also be borrowers on the loan (personal bank statements)
*Exception form is provided to allow non-borrower listed on personal BS using for income
*Approved Conditions:+0.25 to price, [Redacted] max
*Exception form is on page # 724 of 821 - Due Diligence Vendor-06/04/2025 - Due Diligence Vendor-06/04/2025

Several income sources and DTI below 45%, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

Originator Pre-Close

Yes

4337166

XXXXXX-2025-NQM3-780

Closed

FCOM4028

2025-06-05 06:50

2025-06-06 12:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4343173

XXXXXX-2025-NQM3-781

Closed

FCOM4028

2025-06-05 06:38

2025-06-06 13:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-closed within 60 days - Due Diligence Vendor-06/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/05/2025

Resolved-closed within 60 days - Due Diligence Vendor-06/06/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4343054

XXXXXX-2025-NQM3-782

Closed

FCOM4028

2025-06-05 07:45

2025-06-06 13:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4343951

XXXXXX-2025-NQM3-783

Closed

FCOM4028

2025-06-05 06:41

2025-06-06 09:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4343092

XXXXXX-2025-NQM3-784

Closed

FCOM4028

2025-06-05 11:31

2025-06-06 13:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-loan closed with in 60 days - Due Diligence Vendor-06/06/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/05/2025

Resolved-loan closed with in 60 days - Due Diligence Vendor-06/06/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4348878

XXXXXX-2025-NQM3-784

Closed

FCRE1228

2025-06-05 13:11

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-1 NSF more than allowed- exceeds max allowed non sufficient funds for income program
Comments willing to pay off all debt at closing if needed. Appraisal came in 100k over expected.
Pg 553 - Due Diligence Vendor-06/05/2025

Compensating Factors
Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, 10 years or more in the same line of employment, No
credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum,
Reserves >6 months,
Credit Decision
Status & Date of Decision Approved With Conditions 05/20/2025 64 CLTV Max

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4350589

XXXXXX-2025-NQM3-785

Closed

FCOM4028

2025-06-09 04:08

2025-06-10 06:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4376783

XXXXXX-2025-NQM3-786

Closed

FCRE1995

2025-06-08 09:26

2025-06-13 13:18

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD was backed out - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. EMD was backed out of one of the borrower's accounts at initial underwrite so documentation was not needed. - Buyer-06/13/2025

Open-Earnest Deposit of $25,000 is reflecting in final 1003(Page # 71 of 513) & final CD(Page # 16 of 513) whereas supporting documents are missing in file - Due Diligence Vendor-06/08/2025

Resolved-resolved with lender comments. EMD was backed out - Due Diligence Vendor-06/13/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4374174

XXXXXX-2025-NQM3-786

Closed

FCOM3075

2025-06-08 23:37

2025-06-13 08:15

Resolved

1 - Information

Compliance

Missing Doc

Missing US Patriot Act Disclosure or the document is incomplete

Resolved-missing doc now present - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. - Buyer-06/12/2025

Open-Patriot Act Disclosure is 'Missing'. Missing US Patriot Act Disclosure or the document is incomplete. borrowers Patriot Act Disclosure document is missing in file. - Due Diligence Vendor-06/09/2025

Resolved-missing doc now present - Due Diligence Vendor-06/13/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4376096

XXXXXX-2025-NQM3-786

Closed

FCOM4028

2025-06-08 06:23

2025-06-10 11:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4373795

XXXXXX-2025-NQM3-787

Closed

FVAL5981

2025-06-09 10:02

2025-06-09 12:06

Waived

2 - Non-Material

Property

Property Type does not meet eligibility requirement(s)

Waived-Subject property type is 2-4 unit whereas we have additional Dwelling unit as well per Appraisal Report Page #18 & 25 with 840 Sq Ft. However, Exception form is in Page #273 - Due Diligence Vendor-06/09/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months- No Mortgage late payments in CBR Page #447 of Credit Package.pdf
5+ years credit history-Oldest tradeline date in CBR page # 447 of Credit Package.pdf is 04/01/1987
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #447 of Credit package.pdf. Last late payment is on 04/23
LTV 10% below maximum-Audited LTV 42.86% & Maximum LTV 55% with difference 12.14%
Credit score >40 points than minimum required-40 Points than minimum required: Audited FICO 797 and Guideline maximum FICO 660 with difference 137 which is greater than 40

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4381670

XXXXXX-2025-NQM3-788

Closed

FVAL4940

2025-06-05 12:02

2025-06-25 06:44

Resolved

1 - Information

Property

Missing Doc

Missing Homeowner's Association Questionnaire

Resolved-HOA condo qt now present - Due Diligence Vendor-06/25/2025

Ready for Review-Document Uploaded. The updated questionnaire is uploaded. - Buyer-06/24/2025

Open-Full review condo Questionnaire available on page #366, however questions of page #367 are not marked (blank) - Due Diligence Vendor-06/05/2025

Resolved-HOA condo qt now present - Due Diligence Vendor-06/25/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4349369

XXXXXX-2025-NQM3-788

Closed

FCOM4028

2025-06-05 09:46

2025-06-09 07:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved- - Due Diligence Vendor-06/09/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/05/2025

Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - 06/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4347144

XXXXXX-2025-NQM3-788

Closed

FVAL5474

2025-06-05 12:01

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-*Exception form is provided to allow Commercial Zoning per Appraisal
*Exception form is on page #540
*Approved Conditions : 0.25 to price - Due Diligence Vendor-06/05/2025

Revolving debt is under 30%, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4349351

XXXXXX-2025-NQM3-789

Closed

FCRE6019

2025-06-06 01:06

2025-06-10 12:38

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-ITIN now present - Due Diligence Vendor-06/10/2025

Ready for Review-Document Uploaded. Please see attached citizenship documentation - Buyer-06/10/2025

Open-Borrower 1 Citizenship Documentation Is Missing Borrower is Non-Permanent Resident Alien and Citizenship Document Is Missing in file to verify the same - Due Diligence Vendor-06/06/2025

Resolved-ITIN now present - Due Diligence Vendor-06/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4355537

XXXXXX-2025-NQM3-789

Closed

FCRE5116

2025-06-05 23:45

2025-06-10 12:37

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-newly originated loan so pay history not available yet. Note now present - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please see attached Note and Final CD for property [Redacted] - Buyer-06/10/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted]with balance $[Redacted]" - Due Diligence Vendor-06/06/2025

Resolved-newly originated loan so pay history not available yet. Note now present - Due Diligence Vendor-06/10/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4355075

XXXXXX-2025-NQM3-789

Closed

FCOM4028

2025-06-05 22:12

2025-06-09 08:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4354791

XXXXXX-2025-NQM3-790

Closed

FVAL1039

2025-06-06 08:19

2025-06-10 12:43

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-AVM now present - Due Diligence Vendor-06/10/2025

Ready for Review-Document Uploaded. Please see attached AVM - Buyer-06/10/2025

Open-*CU Score is 0. Need supporting valuation to support the appraised value - Due Diligence Vendor-06/06/2025

Resolved-AVM now present - Due Diligence Vendor-06/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4359908

XXXXXX-2025-NQM3-790

Closed

FCOM4028

2025-06-06 06:26

2025-06-09 09:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4358379

XXXXXX-2025-NQM3-791

Closed

FCOM4028

2025-06-09 00:05

2025-06-10 11:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/09/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4376186

XXXXXX-2025-NQM3-792

Closed

FCOM4028

2025-06-06 06:41

2025-06-09 14:40

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4358529

XXXXXX-2025-NQM3-793

Closed

FCOM4028

2025-06-06 08:32

2025-06-10 11:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4360156

XXXXXX-2025-NQM3-793

Closed

FVAL5474

2025-06-06 10:30

2025-06-09 06:51

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Per Guide : Projects with 21 or more units – more than 25% are not allowed
Exception form provided to allow 40% single entity ownership
Exception form page#634
Approved With Conditions: 0.25 to price, [Redacted] max - Due Diligence Vendor-06/09/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4362794

XXXXXX-2025-NQM3-794

Closed

FCOM4028

2025-06-06 07:54

2025-06-09 14:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4359473

XXXXXX-2025-NQM3-794

Closed

FPRO116

2025-06-06 09:11

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Guidelines prohibit single entity ownership of more than 10% of units in a single condo project. Project has minor litigation as well.
*Exception form is provided to allow single entity with ownership of 40%. Litigation letter page 185.
*Approved Conditions: [Redacted] max, ok with 0.25 to price
*Exception form is on page # 399 of 568 - Due Diligence Vendor-06/06/2025 - Due Diligence Vendor-06/06/2025

No credit events past 40 months, 5+ yrs credit history, No consumer lates last 24 months, 2+ bwrs on loan.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4361233

XXXXXX-2025-NQM3-795

Closed

FCRE8728

2025-06-06 15:09

2025-06-10 06:55

Resolved

1 - Information

Credit

Missing Doc

Missing Payment History

Resolved-resolved with lender comments. New loan no pay history available, notes now present - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. 34-09 [Redacted] (primary residence) is a new [Redacted] loan closed 6/4/25, 109-07 [Redacted] (Investment) closed 4/30/25 with payments starting on 6/1/25. - Buyer-06/10/2025
Open- - missing payment on other 2 [Redacted] loans. - Due Diligence Vendor-06/06/2025

Resolved-resolved with lender comments. New loan no pay history available, notes now present - Due Diligence Vendor-06/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4367636

XXXXXX-2025-NQM3-795

Closed

FCOM1233

2025-06-06 15:08

2025-06-10 06:54

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-corrected application for primary residence address now present - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. 34-09 [Redacted] marked in REO is a new Borrower`s primary residence, a new [Redacted] loan closed 6/4/25, same as the subject property. - Buyer-06/10/2025
Open- - please correct the borrower's primary residence. page 1 address does not match the Primary home marked on REO - Due Diligence Vendor-06/06/2025

Resolved-corrected application for primary residence address now present - Due Diligence Vendor-06/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4367626

XXXXXX-2025-NQM3-795

Closed

FCOM4028

2025-06-06 14:18

2025-06-09 14:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4366696

XXXXXX-2025-NQM3-796

Closed

FCOM4028

2025-06-09 06:16

2025-06-10 12:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4377780

XXXXXX-2025-NQM3-797

Closed

FCRE1212

2025-06-09 11:01

2025-06-11 06:56

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Partial

Resolved-addendum for additional closing costs now present - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. Please see the addendum for extra 1,630 seller credit. - Buyer-06/10/2025

Open-Purchase contract has not been fully provided addendum for seller contributions as page 334 says 2.5% but total contributions are 2.72% - Due Diligence Vendor-06/09/2025

Resolved-addendum for additional closing costs now present - Due Diligence Vendor-06/11/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4382473

XXXXXX-2025-NQM3-797

Closed

FCRE1173

2025-06-09 10:41

2025-06-11 06:55

Resolved

1 - Information

Credit

Missing Doc

Master Condo Insurance Policy is Missing

Resolved-lender has reviewed insurance and determined the coverage mentioned is for building. - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. Policy mentions flood (if applicable), property is not in a flood zone. Policy says Building (100% replacement cost) and the limit is covered to the building value above. - Buyer-06/10/2025

Open-Missing Master Condo Insurance Policy missing building coverage for master policy. page 296 says for flood - Due Diligence Vendor-06/09/2025

Resolved-lender has reviewed insurance and determined the coverage mentioned is for building. - Due Diligence Vendor-06/11/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4382202

XXXXXX-2025-NQM3-797

Closed

FCOM4028

2025-06-09 09:21

2025-06-10 12:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4380486

XXXXXX-2025-NQM3-798

Closed

FCOM4028

2025-06-09 12:14

2025-06-10 12:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4383987

XXXXXX-2025-NQM3-799

Closed

FCOM4028

2025-06-06 09:55

2025-06-11 06:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/11/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-06/10/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/06/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4362375

XXXXXX-2025-NQM3-800

Closed

FCOM4028

2025-06-09 11:05

2025-06-10 12:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4382554

XXXXXX-2025-NQM3-801

Closed

FCOM4028

2025-06-06 11:32

2025-06-10 09:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4363751

XXXXXX-2025-NQM3-802

Closed

FCOM4028

2025-06-07 04:35

2025-06-09 06:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Second Home

Purchase

N/A

4371031

XXXXXX-2025-NQM3-803

Closed

FCOM4028

2025-06-07 15:01

2025-06-09 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4373187

XXXXXX-2025-NQM3-804

Closed

FCRE9651

2025-06-06 14:38

2025-06-10 12:43

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-now present - Due Diligence Vendor-06/10/2025

Ready for Review-Document Uploaded. Please review uploaded amortization schedule - Buyer-06/10/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. *Amortization Schedule is 'Missing' from the Closing Package. - Due Diligence Vendor-06/06/2025

Resolved-now present - Due Diligence Vendor-06/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4367045

XXXXXX-2025-NQM3-804

Closed

FCOM4028

2025-06-06 13:33

2025-06-10 07:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4366039

XXXXXX-2025-NQM3-804

Closed

FPRO1251

2025-06-06 15:32

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-*As per Guide2-4 unit property cannot be Zoned as Rural
*Exception provided to proceed with a rural 4-unit property
*Exception pg.#466
*Approved with Condition: 0.25 to price, LTV must be within the matrix - Due Diligence Vendor-06/06/2025

5 years on current job, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4368017

XXXXXX-2025-NQM3-804

Closed

FVAL5472

2025-06-06 15:29

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-*As per Guide Gross Living Area less than 500 Sq.ft is not allowed
*Exception provided to allow 3rd Unit with GLA 411 sq.ft., which is below the 500 sq.ft.
*Exception Pg.#466
*Approved with Condition: 0.25 to price, LTV must be within the matrix - Due Diligence Vendor-06/06/2025

5 years on current job, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4367950

XXXXXX-2025-NQM3-805

Closed

FCRE8450

2025-06-06 16:22

2025-06-11 12:40

Resolved

1 - Information

Credit

Income/Employment

Rental Income not supported

Resolved-[Redacted] used for DSCR is now present. DSCR updated and now matches - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. On loan was used short-term rental income. Please see attached [Redacted], revised lock conformation and revised tape. - Buyer-06/11/2025

Open-Need Supporting Rent document to verify rent income of $2,200 as per 1008
Note :- DSCR score is calculated using $2200 Rent - Due Diligence Vendor-06/06/2025

Resolved-[Redacted] used for DSCR is now present. DSCR updated and now matches - Due Diligence Vendor-06/11/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4368517

XXXXXX-2025-NQM3-805

Closed

FCOM4028

2025-06-06 14:59

2025-06-10 09:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4367461

XXXXXX-2025-NQM3-806

Closed

FCRE1995

2025-06-10 00:37

2025-06-13 13:21

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD backed out per lender - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. The EMD was not sourced, the $20,000.00 was backed out of available assets. - Buyer-06/13/2025

Open-Please Provide Evidence of Earnest Money Deposit of $20,000 as it is missing in the File. Verified amount from Final CD Page #6 - Due Diligence Vendor-06/10/2025

Resolved-EMD backed out per lender - Due Diligence Vendor-06/13/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4391159

XXXXXX-2025-NQM3-806

Closed

FCOM4028

2025-06-09 22:12

2025-06-10 07:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4390835

XXXXXX-2025-NQM3-807

Closed

FCOM4028

2025-06-09 08:14

2025-06-11 10:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4379279

XXXXXX-2025-NQM3-807

Closed

FVAL5385

2025-06-10 08:59

2025-06-10 09:00

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Property : Per guide On a Cash out loan , the subject property must not be listed for sale in the past 6-months.
Exception form provided to allow Property listed for sale
Exception form page#477 of 588
Approved With Conditions: 0.25 to price - Due Diligence Vendor-06/10/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4394827

XXXXXX-2025-NQM3-807

Closed

FCRE1492

2025-06-09 11:39

2025-06-09 15:16

Waived

2 - Non-Material

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Waived-Per Guide: If the most recent first mortgage transaction on the property was a cash-out refinance within the last 6 months, the new mortgage is not eligible.
Exception form provided to allow Existing lien under 6 months
Exception form page#478 of 588
Approved With Conditions: [Redacted] max, 0.5 to price, no more exceptions allowed - Due Diligence Vendor-06/09/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4383413

XXXXXX-2025-NQM3-807

Closed

FPRO1251

2025-06-09 11:35

2025-06-09 15:12

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-Per Guide: Properties designated as "rural" to be considered on a case-by-case basis.
Exception form provided to allow New construction in rural zoning
Exception form page#478 of 588
Approved With Conditions: [Redacted] max, 0.5 to price, no more exceptions allowed - Due Diligence Vendor-06/09/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4383295

XXXXXX-2025-NQM3-808

Closed

FCRE3091

2025-06-09 16:23

2025-06-13 08:21

Resolved

1 - Information

Credit

Insurance

Master Policy Expiration Date is Prior To the Transaction Date

Resolved-Master Policy Expiration Date of 05-31-2026 is Equal to or After the Transaction Date of 06-02-2025 Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-06/13/2025
Ready for Review-Document Uploaded. Please see the updated policy attached. - Buyer-06/12/2025
Counter-this is the liability not the building coverage, need renewal for building policy - Due Diligence Vendor-06/11/2025
Ready for Review-Document Uploaded. Please see the renewed master insurance. - Buyer-06/11/2025
Open-Master Policy Expiration Date of 05-31-2025 is Prior To the Transaction Date of 06-02-2025 Need updated Master policy with [Redacted]as provided policy is expire on 05/31/2025.
- Due Diligence Vendor-06/09/2025

Resolved-Master Policy Expiration Date of 05-31-2026 is Equal to or After the Transaction Date of 06-02-2025 Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-06/13/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4388268

XXXXXX-2025-NQM3-808

Closed

FCOM4028

2025-06-09 08:19

2025-06-10 08:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4379386

XXXXXX-2025-NQM3-808

Closed

FVAL5474

2025-06-09 11:58

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, Condo projects with structural integrity is not allowed.
*Exception form is provided to allow HOA with a structural issue with their balconies, refer LOX on page #454 of 812
*Approved Conditions: [Redacted] max, 0.75 to price
*Exception form is on page #63 of 812 - Due Diligence Vendor-06/09/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4383779

XXXXXX-2025-NQM3-809

Closed

FCOM4028

2025-06-09 08:47

2025-06-11 09:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4379899

XXXXXX-2025-NQM3-809

Closed

FVAL2242

2025-06-09 11:39

2025-06-10 08:05

Waived

2 - Non-Material

Property

Property is Manufactured Housing

Waived-*As per Guide: A manufactured home is any dwelling unit built on a permanent chassis that is attached to a permanent foundation system and evidenced by a HUD Data Plate and HUD Certification Label(s).
*Exception provided for missing HUD Label and HUD tag
*Exception pg.#546
*Approved with Condition: 0.25 to price & [Redacted] Max, and for appraisal need to follow FNMA expired appraisal requirements - Due Diligence Vendor-06/09/2025

5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, Credit score >40 points than minimum required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4383415

XXXXXX-2025-NQM3-809

Closed

FVAL9739

2025-06-09 11:43

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-*As per Guide The manufactured home must be built in compliance with: The Federal Manufactured Home Construction and Safety Standards that were established June15, 1976.
*Exception provided for Manufactured Home built in 1973
*Exception pg.#544
*Approved with Condition: 0.25 to price & [Redacted] Max, and for appraisal need to follow FNMA expired appraisal requirements - Due Diligence Vendor-06/09/2025

5 years on current job, No credit events past 40 months, No mortgage late payments in the last 24 months, Credit score >40 points than minimum required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4383452

XXXXXX-2025-NQM3-810

Closed

FCOM4028

2025-06-10 06:15

2025-06-11 11:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4392531

XXXXXX-2025-NQM3-810

Closed

FCRE7532

2025-06-10 09:04

Waived

2 - Non-Material

Credit

Eligibility

Qualifying Credit Score does not meet eligibility requirement(s)

Waived-Does not meet requirement for 2 ficos scores. 1 Bureau reporting
Comments Please allow to proceed with this Credit Report, I pulled credit with the Loan Officer with multiple Credit
Providers and all of them had just one bureau reporting
Pg 502
- Due Diligence Vendor-06/10/2025

Compensating Factors
5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of employment, No mortgage late
payments in the last 24 months, No consumer late payments in the last 24 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4394912

XXXXXX-2025-NQM3-811

Closed

FCOM4028

2025-06-09 12:26

2025-06-10 09:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4384259

XXXXXX-2025-NQM3-812

Closed

FCOM4028

2025-06-10 14:53

2025-06-11 06:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/11/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/10/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Purchase

N/A

4403162

XXXXXX-2025-NQM3-813

Closed

FCRE1158

2025-06-09 15:26

2025-06-12 06:23

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-full mortgagee now present - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Please see the verbiage ISAOA/ATIMA included. - Buyer-06/11/2025

Open-Hazard Insurance Policy Partially Provided Mortgagee Clause is incorrect on Insurance. Mortgagee Clause "ISAOA/ATIMA" is missing on Insurance pg.#420 of 548 - Due Diligence Vendor-06/09/2025

Resolved-full mortgagee now present - Due Diligence Vendor-06/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4387630

XXXXXX-2025-NQM3-813

Closed

FCOM4028

2025-06-09 12:49

2025-06-11 09:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4384539

XXXXXX-2025-NQM3-813

Closed

FVAL5385

2025-06-10 09:01

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Property : Per guide On a Cash out loan , the subject property must not be listed for sale in the past 6-months.
Exception form provided for Property being listed for sale, will be removed asap
Exception form page#460 of 548
Approved With Conditions: 0.25 to price - Due Diligence Vendor-06/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4394853

XXXXXX-2025-NQM3-813

Closed

FCRE1492

2025-06-09 15:15

Waived

2 - Non-Material

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Waived-Per Guide: If the most recent first mortgage transaction on the property was a cash-out refinance within the last 6 months, the new mortgage is not eligible.
Exception form provided to allow Existing lien under 6 months
Exception form page#458 of 548
Approved With Conditions: [Redacted] max, 0.5 to price, no more exceptions allowed - Due Diligence Vendor-06/09/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4387474

XXXXXX-2025-NQM3-813

Closed

FPRO1251

2025-06-09 15:11

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-Per Guide: Properties designated as "rural" to be considered on a case-by-case basis.
Exception form provided to allow New construction in rural zoning
Exception form page#458 of 548
Approved With Conditions: [Redacted] max, 0.5 to price, no more exceptions allowed - Due Diligence Vendor-06/09/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, DTI >=10% lower than loan program, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4387424

XXXXXX-2025-NQM3-814

Closed

FCOM4028

2025-06-10 00:25

2025-06-10 08:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4391141

XXXXXX-2025-NQM3-815

Closed

FCOM4028

2025-06-10 02:37

2025-06-10 08:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-
Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/10/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4391413

XXXXXX-2025-NQM3-816

Closed

FCOM4028

2025-06-10 09:43

2025-06-11 11:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4395842

XXXXXX-2025-NQM3-817

Closed

FCOM4028

2025-06-10 07:34

2025-06-11 11:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

4393512

XXXXXX-2025-NQM3-818

Closed

FCRE1157

2025-06-10 06:10

2025-06-12 12:30

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Missing

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Please see attached HO3 with RCE - Buyer-06/12/2025

Open-Missing Hazard Insurance Policy Please Provide Hazard Insurance Policy as it is missing in the File - Due Diligence Vendor-06/10/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-06/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4392502

XXXXXX-2025-NQM3-818

Closed

FCOM4028

2025-06-10 05:01

2025-06-11 10:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/11/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/10/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4391971

XXXXXX-2025-NQM3-818

Closed

FVAL9739

2025-06-10 09:51

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Per Guidelines Commercial use only limited to Retail or office space whereas property is with [Redacted]. Total 3 units in which 2 for residential and 1 for commercial purpose per appraisal report in Page #49_Credit Pkg1.pdf, However Exception Form in the file page no #28- Credit pkg part 2.pdf. - Due Diligence Vendor-06/10/2025

1. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
2. 5+ years credit history- Oldest tradeline date in CBR page # 91 of Credit pkg part 2.pdf is 06/01/2014,
3. No mortgage late payments in the last 24 months- No mortgage late payments in past 24 months per CBR Page #91 of Credit pkg part 2.pdf.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4395991

XXXXXX-2025-NQM3-818

Closed

FCRE8201

2025-06-10 06:44

2025-06-10 09:44

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Loan does not confirm to Refinance Seasoning requirements as Borrower is 50/50% owner of vested LLC with no majority of ownership per documents in Page #75 & 1 (100% LLC ownership per Page #24_Credit Pkg.pdf). However, Exception Form in the file page no #27- Credit pkg part 2.pdf. - Due Diligence Vendor-06/10/2025

1. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
2. 5+ years credit history- Oldest tradeline date in CBR page # 91 of Credit pkg part 2.pdf is 06/01/2014,
3. No mortgage late payments in the last 24 months- No mortgage late payments in past 24 months per CBR Page #91 of Credit pkg part 2.pdf.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4392828

XXXXXX-2025-NQM3-819

Closed

1001289-1003551

2025-06-10 12:52

2025-06-17 07:32

Resolved

1 - Information

Compliance

Interest:Accrual

Indiana - Periodic/360 (30/360) Accrual Method Prohibited (UCCC)

Resolved-IN DFI Advisory Letter 2020-01 does allow for 360 day method to be used. Lender used standard FNMA 360 day note. Finding is resolved. - Due Diligence Vendor-06/17/2025
Ready for Review-According to regulation you are referring to there are two acceptable methods: "360 days method" and "365 days method". - Buyer-06/12/2025
Open-Please adjust the accrual method. Effective July 1, 2020, Indiana DFI prohibits the 30/360 interest accrual method for Junior Lien Loans. ([Redacted] Code 24-4.5-2-201(4)(a)(ii); 24-4.5-3-201(3)(b)(ii); [Redacted] DFI Advisory Letter 2020-01) Please adjust the accrual method. Effective July 1, 2020, [Redacted] DFI prohibits the 30/360 interest accrual method for Junior Lien Loans. ([Redacted] Code 24-4.5-2-201(4)(a)(ii); 24-4.5-3-201(3)(b)(ii); [Redacted] DFI Advisory Letter 2020-01) - Due Diligence Vendor-06/10/2025

Resolved-[Redacted] DFI Advisory Letter 2020-01 does allow for 360 day method to be used. Lender used standard FNMA 360 day note. Finding is resolved. - Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4400009

XXXXXX-2025-NQM3-819

Closed

54000-56190

2025-06-10 12:52

2025-06-13 08:19

Resolved

1 - Information

Compliance

Late:Amount

Indiana - Maximum Late Fee (UCCC)

Resolved-paragraph 5 allows for reduction due to state max. this is accepted - Due Diligence Vendor-06/13/2025
Ready for Review-According to paragraph 5 of Original Note: "If applicable law sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then (a) any such loan charge will be reduced by the amount necessary to reduce the charge to the permitted limit, and (b) any sums already collected from me that exceeded permitted limits will be refunded to me." - Buyer-06/12/2025
Open-Under the [Redacted] UCCC, the late charge must be less than or equal to ($25.00). ([Redacted]. Code 24-4.5-3-203.5; 750 IAC 1-1-1) Note does not state max late Fee as $25.00. It calculates to $28.24 max amount. Under the [Redacted] UCCC, the late charge must be less than or equal to ($25.00). ([Redacted]. Code 24-4.5-3-203.5; 750 IAC 1-1-1)
The Final CD does differ from the Note and states a max late fee of $25.00 - Due Diligence Vendor-06/10/2025

Resolved-paragraph 5 allows for reduction due to state max. this is accepted - Due Diligence Vendor-06/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4400008

XXXXXX-2025-NQM3-819

Closed

FCRE1158

2025-06-10 12:35

2025-06-12 12:59

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-proof renewed via paid receipt now present. this is acceptable proof that ins was renewed - Due Diligence Vendor-06/12/2025

Ready for Review-Please see attached insurance documents - Buyer-06/12/2025

Open-missing paid renewal policy as policy expires within 30 days from note - Due Diligence Vendor-06/10/2025

Resolved-proof renewed via paid receipt now present. this is acceptable proof that ins was renewed - Due Diligence Vendor-06/12/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4399594

XXXXXX-2025-NQM3-819

Closed

FCOM4028

2025-06-10 11:41

2025-06-11 08:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4398194

XXXXXX-2025-NQM3-820

Closed

FCOM4028

2025-06-11 00:01

2025-06-11 09:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/11/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4406825

XXXXXX-2025-NQM3-821

Closed

FCOM4028

2025-06-10 06:48

2025-06-11 12:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4392885

XXXXXX-2025-NQM3-822

Closed

FCRE9991

2025-06-10 14:10

2025-06-12 13:07

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-TPR doc type will remain at retirement income - Due Diligence Vendor-06/12/2025

Ready for Review-We had Benefit verification Letter on file from Social security Administration - Buyer-06/12/2025

Open-Loan was originally UW as 2 yr Full Doc however, missing 2 yrs 1099 for SSI. - Due Diligence Vendor-06/10/2025

Resolved-TPR doc type will remain at retirement income - Due Diligence Vendor-06/12/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4402415

XXXXXX-2025-NQM3-822

Closed

FCOM4028

2025-06-10 09:52

2025-06-11 12:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/11/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/10/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4396014

XXXXXX-2025-NQM3-823

Closed

1000704-1002118

2025-06-11 11:38

2025-06-17 08:47

Cured

2 - Non-Material

Compliance

Tolerance:FinanceCharge

Federal - Finance Charge Disclosure Tolerance (Closed End)

Cured-This is acceptable. - Due Diligence Vendor-06/17/2025
Ready for Review-Document Uploaded. PCCD to correct the APR fees to include Title-Admin Processing Fee was issued and sent to the Borrower. - Seller-06/16/2025
Open-The disclosed finance charge ($[Redacted]) is ($220.00) below the actual finance charge($[Redacted]). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) APR should include Title-Admin Processing Fee. This is an APR Fee. - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. PCCD to correct the APR fees to include Title-Admin Processing Fee was issued and sent to the Borrower. - Seller-06/16/2025

Cured-This is acceptable. - Due Diligence Vendor-06/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4413269

XXXXXX-2025-NQM3-823

Closed

FCRE1339

2025-06-11 11:05

2025-06-16 07:54

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Personal Bank Statements Missing

Resolved-Borrower 1 Personal Bank Statements Provided - Due Diligence Vendor-06/16/2025
Resolved-missing statements now present for income asset depletion program - Due Diligence Vendor-06/16/2025
Ready for Review-Document Uploaded. Please see other 3 BSs. - Buyer-06/13/2025
Counter-4 months needed for Asset Depletion income program. need missing 3. this is not for cash out purposes - Due Diligence Vendor-06/12/2025
Ready for Review-Document Uploaded. According to GLs, most recent 1 month bank statement must be provided prior to closing where funds will be disbursed. - Seller-06/12/2025
Open-Borrower 1 Personal Bank Statements Missing asset utilization requires 4 months seasoning missing 3 months statements only 1 in file - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. According to GLs, most recent 1 month bank statement must be provided prior to closing where funds will be disbursed. - Seller-06/12/2025

Resolved-Borrower 1 Personal Bank Statements Provided - Due Diligence Vendor-06/16/2025

Resolved-missing statements now present for income asset depletion program - Due Diligence Vendor-06/16/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4412618

XXXXXX-2025-NQM3-823

Closed

FCRE1151

2025-06-11 11:14

2025-06-13 08:23

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-satisfactory chain now present - Due Diligence Vendor-06/13/2025

Ready for Review-Document Uploaded. Please see the Chain of Title attached. - Seller-06/12/2025

Open-Unsatisfactory Chain of Title provided missing - Due Diligence Vendor-06/11/2025

Ready for Review-Document Uploaded. Please see the Chain of Title attached. - Seller-06/12/2025

Resolved-satisfactory chain now present - Due Diligence Vendor-06/13/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4412779

XXXXXX-2025-NQM3-823

Closed

FCOM4028

2025-06-11 10:23

2025-06-11 14:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4412014

XXXXXX-2025-NQM3-824

Closed

FCOM4028

2025-06-10 22:42

2025-06-11 08:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4406564

XXXXXX-2025-NQM3-825

Closed

FCOM4028

2025-06-10 21:55

2025-06-12 07:11

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/12/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4406396

XXXXXX-2025-NQM3-826

Closed

FCOM4028

2025-06-10 10:10

2025-06-12 06:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/12/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-06/11/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/10/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4396374

XXXXXX-2025-NQM3-827

Closed

FCOM4028

2025-06-10 08:49

2025-06-11 12:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

4394647

XXXXXX-2025-NQM3-827

Closed

FCRE1200

2025-06-10 11:16

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Guideline Minimum Loan Amount is [Redacted]
*Exception form is provided to allow the loan amount of $[Redacted] at [Redacted]
*Exception form is on page #626
*Approved Conditions: 0.25 to price - Due Diligence Vendor-06/10/2025

Residual income >=3000$, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

Originator Pre-Close

Yes

4397640

XXXXXX-2025-NQM3-828

Closed

FCOM4028

2025-06-11 03:45

2025-06-12 11:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/12/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/11/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4407469

XXXXXX-2025-NQM3-829

Closed

FCOM4028

2025-06-11 12:25

2025-06-12 12:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4414119

XXXXXX-2025-NQM3-829

Closed

FVAL5474

2025-06-11 13:21

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-Exception in file since the condo investor concentration exceeds allowable amount - [Redacted] see comments
Comments [Redacted].One entity owns 40 % total units. Minor litigtion. We have all info in collateral dept .
Pg. 498
- Due Diligence Vendor-06/11/2025

Compensating Factors
Revolving debt is under 30%, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months,
Credit score >40 points than minimum required
Credit Decision
Status & Date of Decision Approved With Conditions 05/05/2025 70% LTV max, 0.25 to price

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4415299

XXXXXX-2025-NQM3-830

Closed

FCOM0362

2025-06-11 07:11

2025-06-12 13:29

Resolved

1 - Information

Compliance

Missing Doc

Final HUD-1 Document is Missing

Resolved-legible HUD now present - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. Please review uploaded a better copy of final HUD - Buyer-06/12/2025

Open-missing a LEGIBLE copy - Due Diligence Vendor-06/11/2025

Resolved-legible HUD now present - Due Diligence Vendor-06/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4408836

XXXXXX-2025-NQM3-830

Closed

FCOM4028

2025-06-11 06:12

2025-06-11 08:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4408198

XXXXXX-2025-NQM3-831

Closed

FCOM4028

2025-06-12 08:08

2025-06-12 11:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4423945

XXXXXX-2025-NQM3-832

Closed

FCRE6618

2025-06-11 09:31

2025-06-13 08:32

Resolved

1 - Information

Credit

Borrower

Borrower information on 1003 is incomplete

Resolved-other means used to validate not a FTHB and 1003 was completed correctly - Due Diligence Vendor-06/13/2025

Ready for Review-Information if borrower has had an ownership interest in another property in the last three years, according to the verbiage in 1003, needs to be filled in if borrower answered to the previous question that he or she intend to occupy the property as primary residence. - Buyer-06/13/2025

Open-Need updated final 1003 reflecting borrower had an ownership interest in last three years.
Note - As per Seller CD page #133 of 152 borrower recently sold 1 property. Hence borrower is not FTHB - Due Diligence Vendor-06/11/2025

Resolved-other means used to validate not a FTHB and 1003 was completed correctly - Due Diligence Vendor-06/13/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4411109

XXXXXX-2025-NQM3-832

Closed

FCOM4028

2025-06-10 14:43

2025-06-12 12:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4403024

XXXXXX-2025-NQM3-833

Closed

FCRE9991

2025-06-10 16:27

2025-06-12 13:39

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-tape updated and DSCR matches - Due Diligence Vendor-06/12/2025

Ready for Review-Document Uploaded. DSCR is accurate 1.083 - Buyer-06/12/2025

Open-Need updated Tape reflecting DSCR score - Due Diligence Vendor-06/10/2025

Resolved-tape updated and DSCR matches - Due Diligence Vendor-06/12/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4404308

XXXXXX-2025-NQM3-833

Closed

FCOM4028

2025-06-10 14:42

2025-06-12 10:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4402998

XXXXXX-2025-NQM3-834

Closed

FCOM4028

2025-06-10 14:39

2025-06-12 10:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4402948

XXXXXX-2025-NQM3-835

Closed

FCRE1995

2025-06-12 07:40

2025-06-16 12:35

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, EMD backed out - Due Diligence Vendor-06/16/2025

Ready for Review-Please disregard, EMD was beck out. - Buyer-06/16/2025

Open-Please provide supporting document to verify EMD of$2,500 which is reflecting in final CD in page#290 - Due Diligence Vendor-06/12/2025

Resolved-resolved with lender comments, EMD backed out - Due Diligence Vendor-06/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4423426

XXXXXX-2025-NQM3-835

Closed

FCOM4028

2025-06-12 04:37

2025-06-13 11:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing - Due Diligence Vendor-06/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4421651

XXXXXX-2025-NQM3-835

Closed

FCRE3599

2025-06-12 07:45

2025-06-12 09:28

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Maximum 5 loans allowed per Guidelines whereas Borrower owns 19 loans per Final 1003 Page #310. However, we have exception in page#569 - Due Diligence Vendor-06/12/2025

No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months - No mortgage late payments in CBR Page #793
5+ years credit history - Oldest tradeline date in CBR page #793 is 07/01/2008
No consumer late payments in the last 24 months - No Consumer late payments in past 24 months per CBR Page #793. Existing late payments till 12/2021
Credit score >40 points than minimum required - Guideline Min FICO is 620 and Qualifying FICO is 782 variance is 162 points

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4423481

XXXXXX-2025-NQM3-836

Closed

FCOM4028

2025-06-11 23:08

2025-06-12 10:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4419705

XXXXXX-2025-NQM3-836

Closed

FVAL5524

2025-06-12 00:53

2025-06-12 03:16

Waived

2 - Non-Material

Property

Ineligible Property

Waived- A manufactured home cannot be rural or be located on agricultural zoning per Guidelines Page #95 whereas subject property is in rural area as per appraisal report Page #202, however exception document is in page #594 of 684 - Due Diligence Vendor-06/12/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #395 of 684
5+ years credit history-Oldest tradeline date in CBR page # 395 of 684 is 04/01/1993
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #395 of 684
LTV 10% below maximum-Audited LTV 25% & Maximum LTV 70% with difference 45%
Credit score >40 points than minimum required-Audited FICO 785 and Guideline maximum FICO 680 with difference 105 which is greater than 40

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4419991

XXXXXX-2025-NQM3-837

Closed

FCOM4028

2025-06-11 21:36

2025-06-13 07:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/12/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4419473

XXXXXX-2025-NQM3-838

Closed

FCRE9991

2025-06-13 12:40

2025-06-19 06:34

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated lock with corrected FICO now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Credit score was updated to 676, please see the lock confirmation. - Buyer-06/18/2025

Open-credit score does not match FICO on credit in file. File has 676. Tape shows 665 Credit page 340 - Due Diligence Vendor-06/13/2025

Resolved-updated lock with corrected FICO now present - Due Diligence Vendor-06/19/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4444364

XXXXXX-2025-NQM3-838

Closed

FCRE4104

2025-06-12 12:20

2025-06-17 08:36

Resolved

1 - Information

Credit

Missing Doc

Missing explanation and supporting documentation for large deposit(s)

Resolved-resolved with lender comments, they backed out EMD as borrower has sufficient funds without - Due Diligence Vendor-06/17/2025
Ready for Review-Document Uploaded. [Redacted] LD was backed out of [Redacted]. - Buyer-06/16/2025
Open-need 60k deposit sourced pg 207 - Due Diligence Vendor-06/12/2025

Resolved-resolved with lender comments, they backed out EMD as borrower has sufficient funds without - Due Diligence Vendor-06/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4428753

XXXXXX-2025-NQM3-838

Closed

FCOM4028

2025-06-12 10:08

2025-06-13 12:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4426319

XXXXXX-2025-NQM3-839

Closed

FCOM4028

2025-06-11 14:47

2025-06-12 12:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/12/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/11/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

4416769

XXXXXX-2025-NQM3-839

Closed

FVAL9739

2025-06-11 17:11

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived - As per guide, Projects with 5-20 units can't own more than 2 units.
*Exception form is provided to allow one entity to own 1 Residential and 5 store front units
*Approved Condition: [Redacted] max
*Exception form is on page #387 of 512 - [Redacted] 6/11/2025 - Due Diligence Vendor-06/11/2025

Revolving debt is under 30%, Residual Income >=$3,000, and DTI>=10% lower than loan program.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

Originator Pre-Close

Yes

4418379

XXXXXX-2025-NQM3-840

Closed

FCRE9991

2025-06-11 15:00

2025-06-13 09:22

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-TPR will consider as WVOE as minimum ASF requirements not met for Full Doc - Due Diligence Vendor-06/13/2025

Ready for Review-A paystub is not necessary when the WVOE is dated within the acceptable timeframe. It is an equivalent alternative. Additionally, tax returns are not required on full document files when the borrower is not self-employed. - Buyer-06/12/2025

Open-Lender has called this a 2 yr full doc but only WVOE and W2s present. Missing paystub with at least 30 days YTD earnings and 2 yr tax returns to consider full doc. at this point TPR has considered this WVOE program - Due Diligence Vendor-06/11/2025

Resolved-TPR will consider as WVOE as minimum ASF requirements not met for Full Doc - Due Diligence Vendor-06/13/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4416921

XXXXXX-2025-NQM3-840

Closed

FCOM4028

2025-06-11 07:39

2025-06-12 06:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/12/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-06/12/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/11/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4409195

XXXXXX-2025-NQM3-840

Closed

FPRO116

2025-06-11 08:42

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Guideline prohibits single entity ownership of more than 10% of units in a single Condo project.
*Exception form is provided to allow single entity ownership of 64.7% in project.
*Approved Conditions: [Redacted] max, ok with 0.25 to price
*Exception form is on page # 336 of 415 - Due Diligence Vendor-06/11/2025 - Due Diligence Vendor-06/11/2025

5+ years current job, Residual income > $3,000, DTI > 10% below program maximum, No credit events past 40 months, 5+ yrs credit history, No consumer lates last 24 months, Credit Score > 40 points above program minimum, LTV > 10% below program maximum.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4410100

XXXXXX-2025-NQM3-841

Closed

FCOM4028

2025-06-12 12:48

2025-06-13 13:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4429343

XXXXXX-2025-NQM3-842

Closed

FCOM4028

2025-06-11 08:06

2025-06-11 14:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4409561

XXXXXX-2025-NQM3-843

Closed

FCOM4028

2025-06-12 08:38

2025-06-13 13:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4424472

XXXXXX-2025-NQM3-843

Closed

FVAL9739

2025-06-12 11:05

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived- As per guide, Multi family properties allow no more than 2 unit vacancies.
*Exception form is provided to allow subject 6 unit Multi family property with 4 unit vacancies.
*Approved Conditions: [Redacted] max
*Exception form is on page #688 of 789 - [Redacted] 6/12/2025 - Due Diligence Vendor-06/12/2025

5 years on current job, No credit events past 40 months, and No Mortgage late payments in the last 24 months.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4427283

XXXXXX-2025-NQM3-844

Closed

FCOM4028

2025-06-11 13:33

2025-06-12 10:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4415551

XXXXXX-2025-NQM3-845

Closed

FCOM4028

2025-06-12 09:19

2025-06-13 07:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/12/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4425411

XXXXXX-2025-NQM3-846

Closed

FCOM4028

2025-06-12 07:54

2025-06-13 13:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4423668

XXXXXX-2025-NQM3-847

Closed

FCOM4028

2025-06-11 15:57

2025-06-13 11:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4417666

XXXXXX-2025-NQM3-848

Closed

FCOM4028

2025-06-12 06:40

2025-06-13 12:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4422533

XXXXXX-2025-NQM3-849

Closed

FCOM4028

2025-06-12 05:08

2025-06-13 12:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4421814

XXXXXX-2025-NQM3-850

Closed

FCOM1228

2025-06-13 02:01

2025-06-17 08:42

Resolved

1 - Information

Compliance

Missing Doc

Other Rider is Missing

Resolved-all riders now present - Due Diligence Vendor-06/17/2025

Ready for Review-Document Uploaded. Please see attached Mortgage with all riders - Buyer-06/17/2025

Open-Addendum for Renewal and Extension marked in DOT page #229 whereas Borrower sign missing in Rider Page #398 and Cross mark in signed rider page #268 - Due Diligence Vendor-06/13/2025

Resolved-all riders now present - Due Diligence Vendor-06/17/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4436016

XXXXXX-2025-NQM3-850

Closed

FCOM4028

2025-06-12 22:00

2025-06-13 11:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/13/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Limited Cash Out - <1% of Loan Amount or $2000

N/A

4434624

XXXXXX-2025-NQM3-851

Closed

FCOM4028

2025-06-13 00:02

2025-06-13 11:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/13/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4434964

XXXXXX-2025-NQM3-852

Closed

FCRE2109

2025-06-13 08:20

2025-06-17 08:45

Resolved

1 - Information

Credit

Missing Doc

Missing Lender Income Calculation Worksheet

Resolved-calculator now present - Due Diligence Vendor-06/17/2025

Ready for Review-Document Uploaded. Please find the income worksheet attached. - Buyer-06/16/2025

Open-missing - Due Diligence Vendor-06/13/2025

Resolved-calculator now present - Due Diligence Vendor-06/17/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4439296

XXXXXX-2025-NQM3-852

Closed

FCOM4028

2025-06-13 06:12

2025-06-16 11:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4437624

XXXXXX-2025-NQM3-853

Closed

FCOM4028

2025-06-12 10:02

2025-06-13 13:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4426195

XXXXXX-2025-NQM3-854

Closed

FCOM4028

2025-06-12 12:27

2025-06-17 09:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt. - Buyer-06/16/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/12/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4428926

XXXXXX-2025-NQM3-854

Closed

FCRE8611

2025-06-12 15:29

2025-06-13 13:51

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-Waived - As per guide, Most recent 1 year 1099s are required for 2nd income.
*Exception form is provided to allow 2nd income qualification from 1065 to 1099 effective 1/1/2025.
*Approved Conditions: [Redacted] max
*Exception form is on page 405 of 483, [Redacted] 6/12/2025 - Due Diligence Vendor-06/12/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in
the last 24 months, LTV 10% below maximum

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4432325

XXXXXX-2025-NQM3-855

Closed

FCOM4028

2025-06-12 16:34

2025-06-13 14:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/13/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/12/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4433253

XXXXXX-2025-NQM3-855

Closed

FVAL9739

2025-06-12 18:04

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Waived - As per guide, A single entity in over a 21 unit property can't own more than 25% of the total number of units.
* Exception form is provided to allow a single entity to own over 40% of the total units.
* Approved Conditions: [Redacted]% CLTV max
* Exception form is on page # 271 of 403 - [Redacted] 6/12/2025 - Due Diligence Vendor-06/13/2025

Revolving debt is under 30%, DTI>= 10% lower than loan program, and No credit events past 40 months.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4433855

XXXXXX-2025-NQM3-856

Closed

FCRE1317

2025-06-13 13:13

2025-06-19 06:39

Resolved

1 - Information

Credit

Income/Employment

Borrower 1 Total Years Employment Verified is Less Than 24 Months

Resolved-lender confirmed borrower was a sole proprietor for over 2 years and business was prior was his. 2 years business open for borrower guideline now met - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Borrower`s business was established on [Redacted] as sole proprietorship. If it was a sole proprietor then it would be solely owned by our borrower. Business became LLC on 4/30/2024. Please see the Verification the CPA/Tax Preparer worked with the Borrower for 3 years and for 2 years for LLC. - Buyer-06/18/2025

Open-CPA letter states business was a sole proprietor before but does not say that borrower owned it. Corporation started less than 2 yrs ago and borrower only owns 25% . Dont know who owned before. - Due Diligence Vendor-06/13/2025

Resolved-lender confirmed borrower was a sole proprietor for over 2 years and business was prior was his. 2 years business open for borrower guideline now met - Due Diligence Vendor-06/19/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4444942

XXXXXX-2025-NQM3-856

Closed

FCOM4028

2025-06-13 11:52

2025-06-17 09:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved
- Due Diligence Vendor-06/17/2025

Ready for Review-File was recently closed, recorded mortgage not available, it will be provided upon the receipt.
- Buyer-06/16/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/13/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved
- Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4443472

XXXXXX-2025-NQM3-857

Closed

FCRE1252

2025-06-12 14:03

2025-06-18 08:43

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-resolved with lender comments. Final title will be on correct form - Due Diligence Vendor-06/18/2025
Ready for Review-Document Uploaded. we have confirmation from the title company that the final title policy will be issued with ALTA 2021standars form.

Please see below snip - - Buyer-06/17/2025
Open-Title Document is Incomplete *Need Title Document written one 2021 or 2024 American Land Title Association (ALTA) standard form - Due Diligence Vendor-06/12/2025

Resolved-resolved with lender comments. Final title will be on correct form - Due Diligence Vendor-06/18/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4430952

XXXXXX-2025-NQM3-857

Closed

FCOM4028

2025-06-12 11:20

2025-06-16 11:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4427570

XXXXXX-2025-NQM3-858

Closed

FCOM4028

2025-06-13 07:16

2025-06-16 08:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4438201

XXXXXX-2025-NQM3-858

Closed

FVAL5472

2025-06-13 09:20

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-Waived-As per guide, Guideline requires units/homes to be a minimum 500 square feet.
*Exception form is provided to allow subject, 5 units, that has one unit below 500 square feet - 448.
*Approved Conditions: 0.25 to price
*Exception form is on page # 356 of 509- Due Diligence Vendor-06/13/2025 - Due Diligence Vendor-06/13/2025

No credit events past 40 months, 5+ yrs credit history, No consumer lates last 24 months, Credit Score > 40 points above program minimum, Bwr Contribution exceeds >5% requirement.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4440792

XXXXXX-2025-NQM3-859

Closed

FCOM4028

2025-06-15 21:40

2025-06-16 12:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/16/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4453022

XXXXXX-2025-NQM3-860

Closed

FCOM4028

2025-06-13 08:05

2025-06-16 12:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4439078

XXXXXX-2025-NQM3-861

Closed

FCOM4028

2025-06-16 09:33

2025-06-17 10:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-loan closed within 60 days - Due Diligence Vendor-06/17/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/16/2025

Resolved-loan closed within 60 days - Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4458003

XXXXXX-2025-NQM3-862

Closed

FCOM4028

2025-06-13 07:58

2025-06-16 10:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4438950

XXXXXX-2025-NQM3-863

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

XXXXXX-2025-NQM3-864

Closed

FCRE3876

2025-06-13 12:26

2025-06-23 07:37

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-title O&E now present - Due Diligence Vendor-06/23/2025

Ready for Review-Document Uploaded. - Buyer-06/23/2025

Open-Title O&E Policy is Missing or Expired *Title O&E Policy is Missing - Due Diligence Vendor-06/13/2025

Resolved-title O&E now present - Due Diligence Vendor-06/23/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4444116

XXXXXX-2025-NQM3-864

Closed

FCOM4028

2025-06-13 12:00

2025-06-17 12:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4443588

XXXXXX-2025-NQM3-865

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-866

Closed

FCOM4028

2025-06-15 05:26

2025-06-17 12:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved
- Due Diligence Vendor-06/17/2025

Ready for Review-Loan was made in less than 60 days - Buyer-06/17/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/15/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved
- Due Diligence Vendor-06/17/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4451484

XXXXXX-2025-NQM3-867

Closed

FCOM4028

2025-06-17 03:36

2025-06-18 07:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4468088

XXXXXX-2025-NQM3-868

Closed

FCRE1501

2025-06-17 07:11

2025-06-27 07:45

Resolved

1 - Information

Credit

Assets

Liquid Funds Post-Close is less than Total Required Reserve Amount

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025

Ready for Review-Replied to a previous condition
- Seller-06/26/2025

Counter-need revised HUD or CD showing 81k gift was applied to borrower or proof that title refunded the difference not used - Due Diligence Vendor-06/24/2025

Ready for Review-replied to the other condition - Buyer-06/24/2025

Counter-missing proof of borrower receiving 81k gift or being applied at close. need proof of borrower receiving 81k to apply - Due Diligence Vendor-06/20/2025

Ready for Review-replied to another condition - Seller-06/20/2025

Open-Total Qualified Assets for Reserves Post-Close of $6326.62 is less than Total Required Reserve Amount of $7846.29 please provide additional asset documents to covers minimum requirement of Liquid Funds Post-Close, if you can show EMD cleared borrower account we will not be short. Currently only 3k of EMD is verified. - Due Diligence Vendor-06/17/2025

Ready for Review-Replied to a previous condition
- Seller-06/26/2025

Ready for Review-replied to another condition - Seller-06/20/2025

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4469528

XXXXXX-2025-NQM3-868

Closed

FCRE1198

2025-06-17 07:12

2025-06-27 07:45

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025
Ready for Review-Replied to a previous condition
- Seller-06/26/2025
Counter-need revised HUD or CD showing 81k gift was applied to borrower or proof that title refunded the difference not used - Due Diligence Vendor-06/24/2025
Ready for Review-Document Uploaded. gift funds in the amount $81,000 have been deposited to the title company from [Redacted].

gift, it was transferred at close and was verified by funding.

please find attached. - Seller-06/24/2025
Counter-missing proof of borrower receiving 81k gift or being applied at close. need proof of borrower receiving 81k to apply - Due Diligence Vendor-06/20/2025
Ready for Review-Document Uploaded. With the borrower's MBC, assets and gift from the donor we do meet all requirements. - Seller-06/20/2025
Open-please provide additional asset documents to covers minimum requirement of Reserves. Currently 2.42 months Reserves calculated in file, but minimum requirement is 3 months - Due Diligence Vendor-06/17/2025

Ready for Review-Replied to a previous condition
- Seller-06/26/2025
Ready for Review-Document Uploaded. gift funds in the amount $81,000 have been deposited to the title company from [Redacted].

gift, it was transferred at close and was verified by funding.

please find attached. - Seller-06/24/2025
Ready for Review-Document Uploaded. With the borrower's MBC, assets and gift from the donor we do meet all requirements. - Seller-06/20/2025

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4469560

XXXXXX-2025-NQM3-868

Closed

FCRE1995

2025-06-17 08:18

2025-06-27 07:45

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025

Ready for Review-Document Uploaded. Please see the 3 wires that the borrower sent.

SUW: These are the documents we were looking for. Shows the EMD sent from the borrower and 2 additional deposits that add up to the amount listed in the system. I have added all 3 documents to the file and listed them as asset documents. The account the funds are leaving from matches the account we have on file and shows the transfers coming from the borrower. We should be all set now - Seller-06/26/2025

Counter-it is listed as an EMD on the CD and we need proof it cleared account in order to meet minimum contribution requirements. please provide what page number shows proof borrower sent the funds of $26954 to title so we can give credit - Due Diligence Vendor-06/23/2025

Ready for Review-apologies, $26,954.54 is the Borrower's MBC and is not an EMD and the asset document verifying the deposit uploaded to the condition about Purchase contract. - Seller-06/20/2025

Ready for Review-$29,954.54 is the Borrower's MBC and is not an EMD - Buyer-06/20/2025

Open-Earnest Deposit of $29,954.54 is reflecting in final CD (page # 52) and Final 1003(page# 70), we can verify only $3,000 as per document in page #207, please provide supporting document to verify $26,954.54. - Due Diligence Vendor-06/17/2025

Ready for Review-Document Uploaded. Please see the 3 wires that the borrower sent.

SUW: These are the documents we were looking for. Shows the EMD sent from the borrower and 2 additional deposits that add up to the amount listed in the system. I have added all 3 documents to the file and listed them as asset documents. The account the funds are leaving from matches the account we have on file and shows the transfers coming from the borrower. We should be all set now - Seller-06/26/2025

Ready for Review-apologies, $26,954.54 is the Borrower's MBC and is not an EMD and the asset document verifying the deposit uploaded to the condition about Purchase contract. - Seller-06/20/2025

Resolved-borrower now has sufficient funds documented for reserves and cash to close - Due Diligence Vendor-06/27/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4470654

XXXXXX-2025-NQM3-868

Closed

FCOM4028

2025-06-17 05:38

2025-06-18 07:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4468678

XXXXXX-2025-NQM3-869

Closed

FCOM4028

2025-06-17 07:33

2025-06-18 10:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4469901

XXXXXX-2025-NQM3-870

Closed

FCOM4028

2025-06-16 08:08

2025-06-17 12:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4456284

XXXXXX-2025-NQM3-871

Closed

FCOM4028

2025-06-16 09:12

2025-06-17 12:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4457556

XXXXXX-2025-NQM3-871

Closed

FCRE2828

2025-06-16 10:16

2025-06-17 12:05

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-Waiver for Loan modification to REO 11/22/2024 and does not meet seasoning requirements

Approved with conditions of [Redacted] MAX & 0.25 to price

Waiver on page 262 of 350 - Due Diligence Vendor-06/16/2025

Revolving debt is under 30%, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4458801

XXXXXX-2025-NQM3-872

Closed

FCRE9991

2025-06-16 11:03

2025-06-18 08:47

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender DTI is within 1%- this is reasonable and accepted - Due Diligence Vendor-06/18/2025

Ready for Review-Document Uploaded. Please find final 1008 attached - Buyer-06/18/2025

Open-DTI should be 49.81% Approval 49.18% 1008 48.518% Difference in income ($92.15), PITI ($9.75) and other debt ($27) from 1008. Final 1003 matches audited amounts. PITIA is $2,097.88 + Debts from credit report $1,049 / Income $6,317.58 - Due Diligence Vendor-06/16/2025

Resolved-lender DTI is within 1%- this is reasonable and accepted - Due Diligence Vendor-06/18/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4459533

XXXXXX-2025-NQM3-872

Closed

FCOM4028

2025-06-16 09:54

2025-06-17 06:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4458372

XXXXXX-2025-NQM3-873

Closed

FCOM4028

2025-06-16 09:16

2025-06-17 12:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4457710

XXXXXX-2025-NQM3-874

Closed

FCOM4028

2025-06-16 11:26

2025-06-17 12:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4459868

XXXXXX-2025-NQM3-874

Closed

FVAL5524

2025-06-16 12:10

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Exception for inelligible property. Property is an Assisted Living Facility.

Approved with conditions of [Redacted] max

Exception on page 7 of 346 - Due Diligence Vendor-06/16/2025

No credit events past 40 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, 3 years of PPP, over 198k in assets between checking, savings and IRA accounts

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4460857

XXXXXX-2025-NQM3-875

Closed

FCRE1158

2025-06-17 10:38

2025-06-19 06:43

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-corrected mortgagee clause now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-06/19/2025

Open-Hazard Insurance Policy Partially Provided Mortgagee clause is incomplete. ISAOA/ATIMA is missing - Due Diligence Vendor-06/17/2025

Resolved-corrected mortgagee clause now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4473880

XXXXXX-2025-NQM3-875

Closed

FCOM4028

2025-06-16 13:26

2025-06-18 08:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4462364

XXXXXX-2025-NQM3-875

Closed

FCRE3599

2025-06-16 16:09

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-*As per guide, maximum of 5 loans with our lender, for each borrower in 6 months span is allowed.
*Exception form is provided to allow 5+ loans for the same borrower with our lender.
*Exception form is on page #10 of 236
*Approved Conditions: [Redacted] max, 3Y PPP - Due Diligence Vendor-06/16/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4465029

XXXXXX-2025-NQM3-876

Closed

FCRE1145

2025-06-17 07:13

2025-06-19 11:45

Resolved

1 - Information

Credit

Missing Doc

Title Document Missing

Resolved-Title Document is fully Present - Due Diligence Vendor-06/19/2025

Resolved-title now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-06/19/2025

Open-Title Document is missing Prelim or any title is missing - only attorney insurance, tax info. - Due Diligence Vendor-06/17/2025

Resolved-Title Document is fully Present - Due Diligence Vendor-06/19/2025

Resolved-title now present - Due Diligence Vendor-06/19/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4469562

XXXXXX-2025-NQM3-876

Closed

FCOM4028

2025-06-17 06:46

2025-06-18 12:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4469257

XXXXXX-2025-NQM3-877

Closed

FCRE1161

2025-06-16 14:23

2025-06-19 12:50

Resolved

1 - Information

Credit

Missing Doc

Flood Certificate Missing

Resolved-Flood Certificate is fully present - Due Diligence Vendor-06/19/2025

Resolved-missing flood cert now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached flood certificate - Seller-06/19/2025

Open-Missing Flood Certificate Flood Certificate document is missing in file. - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. Please see attached flood certificate - Seller-06/19/2025

Resolved-Flood Certificate is fully present - Due Diligence Vendor-06/19/2025

Resolved-missing flood cert now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4463437

XXXXXX-2025-NQM3-877

Closed

FCOM1477

2025-06-17 09:53

2025-06-19 12:34

Resolved

1 - Information

Compliance

Missing Doc

Missing evidence of rate lock

Resolved-missing rate lock now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached Lock confirmation - Seller-06/19/2025

Open-Rate lock missing in file - Due Diligence Vendor-06/17/2025

Ready for Review-Document Uploaded. Please see attached Lock confirmation - Seller-06/19/2025

Resolved-missing rate lock now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4472988

XXXXXX-2025-NQM3-877

Closed

FCRE3876

2025-06-16 14:55

2025-06-19 12:34

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-E& O ins now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached Title O&E policy - Seller-06/19/2025

Open-Title O&E Policy is Missing or Expired Title Error & Omission Document is missing - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. Please see attached Title O&E policy - Seller-06/19/2025

Resolved-E& O ins now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4463918

XXXXXX-2025-NQM3-877

Closed

FCRE8012

2025-06-16 14:53

2025-06-19 12:34

Resolved

1 - Information

Credit

Missing Doc

Missing Purchase Contract

Resolved-missing contract now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached Purchase contrac - Seller-06/19/2025

Open-Purchase contract agreement is missing - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. Please see attached Purchase contrac - Seller-06/19/2025

Resolved-missing contract now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4463890

XXXXXX-2025-NQM3-877

Closed

FCRE1145

2025-06-16 14:10

2025-06-19 11:56

Resolved

1 - Information

Credit

Missing Doc

Title Document Missing

Resolved-Title Document is fully Present - Due Diligence Vendor-06/19/2025

Resolved-title commitment now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached Title docs - Seller-06/19/2025

Open-Title Document is missing Title document is missing in file. - Due Diligence Vendor-06/16/2025

Ready for Review-Document Uploaded. Please see attached Title docs - Seller-06/19/2025

Resolved-Title Document is fully Present - Due Diligence Vendor-06/19/2025

Resolved-title commitment now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4463166

XXXXXX-2025-NQM3-877

Closed

FCRE9650

2025-06-16 13:44

2025-06-19 11:53

Resolved

1 - Information

Credit

Missing Doc

Missing Lead Paint Disclosure on properties built before January 1, 1978.

Resolved-now present - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please see attached Lead Based Paint Disclosure - Buyer-06/19/2025

Open-Lead Based Paint Disclosure is 'Missing'. Missing Lead Paint Disclosure on properties built on or before December 31, 19767. Lead Based Paint Disclosure is missing - Due Diligence Vendor-06/16/2025

Resolved-now present - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4462674

XXXXXX-2025-NQM3-877

Closed

FCOM4028

2025-06-16 13:24

2025-06-18 07:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4462344

XXXXXX-2025-NQM3-878

Closed

FCRE9991

2025-06-18 05:41

2025-06-24 13:25

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-Lender provided calculation. $6917 is the rents used after a 25% hair cut.  DSCR now matches lender  - Due Diligence Vendor-06/24/2025

Counter-need tape updated to reflect 1.61  $8233-5099= 1.61 not 1.21) - Due Diligence Vendor-06/24/2025

Ready for Review-Airbnb is short term rental income; monthly payment needs to be reduced for 25% for DSCR calculation. - Buyer-06/23/2025

Counter-using AirBnB DSCR is 1.61 not 1.21.  need updated tape - Due Diligence Vendor-06/20/2025

Ready for Review-On this loan we take 12m average income per our procedure. Income for 2024 (06-12) is = 54,092.13 current year income is (01-05) 44,707.16 average 12m income = $8,233.27. There's 25% haircut due to additional expenses applicable to the nature of rental income (It's a short-term rent (Airbnb). Only 75% of the income will be considered. $8,233.27 *0.75/5099.14 = 1.21 - Buyer-06/19/2025

Open-Calculated DSCR 1.334 not matching with Originator DSCR 1.210 with difference 0.124.
DSCR calculation: Rent amount $6,800 / PITIA $5,099.14 = 1.33
Rent amount in 1008 not matching with provided Appraisal Report Page #197 & 305.
1008 reflects rent amount of $8,233.27 but Tape DSCR does not match if calculated with the same. - Due Diligence Vendor-06/18/2025

Resolved-Lender provided calculation. $6917 is the rents used after a 25% hair cut. DSCR now matches lender - Due Diligence Vendor-06/24/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4483434

XXXXXX-2025-NQM3-878

Closed

FCOM4028

2025-06-17 22:30

2025-06-18 08:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4481753

XXXXXX-2025-NQM3-879

Closed

FCOM4028

2025-06-18 07:25

2025-06-19 09:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-06/18/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4484514

XXXXXX-2025-NQM3-880

Closed

FCOM4028

2025-06-17 21:51

2025-06-19 06:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4481670

XXXXXX-2025-NQM3-881

Closed

FCRE1167

2025-06-18 08:47

2025-06-20 12:56

Resolved

1 - Information

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s)and Replacement Cost Estimator by Insurer was not Provided

Resolved-replacement cost info provided - Due Diligence Vendor-06/20/2025
Ready for Review-Document Uploaded. POLICY IS 100% REPLACEMENT COST. - Buyer-06/20/2025
Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage of $[Redacted] is less than all Subject Lien(s), and Guaranteed Replacement Coverage is provided but Replacement Cost Estimator by Insurer was not Provided - Due Diligence Vendor-06/18/2025

Resolved-replacement cost info provided - Due Diligence Vendor-06/20/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4486128

XXXXXX-2025-NQM3-881

Closed

FCOM4028

2025-06-18 07:20

2025-06-19 12:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4484441

XXXXXX-2025-NQM3-882

Closed

FCOM4028

2025-06-18 04:36

2025-06-19 06:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4483053

XXXXXX-2025-NQM3-883

Closed

FCOM4028

2025-06-18 01:19

2025-06-19 09:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Recorded Mortgage missing in file - Due Diligence Vendor-06/18/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4482431

XXXXXX-2025-NQM3-883

Closed

FCRE3599

2025-06-18 04:43

2025-06-18 10:57

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-Maximum 5 loans for a Borrower per Guidelines whereas Borrower currently owns 20 loans per Final 1003 page #58, however we have exception in page # 645 - Due Diligence Vendor-06/18/2025

No credit events past 40 months-- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #1053
5+ years credit history-Oldest tradeline date in CBR page # 1053 is 07/01/2008
No consumer late payments in the last 24 months-No Consumer late payments in CBR Page #1053. Last late payment is on 12/21
Credit score >40 points than minimum required-Audited FICO 782 and Guideline maximum FICO 620 with difference 162 which is greater than 40

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4483086

XXXXXX-2025-NQM3-884

Closed

FCOM4028

2025-06-18 09:44

2025-06-19 13:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4487500

XXXXXX-2025-NQM3-885

Closed

FVAL1039

2025-06-19 07:31

2025-06-23 08:14

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-avm provided - Due Diligence Vendor-06/23/2025

Ready for Review-Document Uploaded. Since it’s a several units property, collateral uploaded HC AVM for each unit and it supports now

- Buyer-06/20/2025

Open-No CU , AVM or any other value support provided in file - Due Diligence Vendor-06/19/2025

Resolved-avm provided - Due Diligence Vendor-06/23/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4497609

XXXXXX-2025-NQM3-885

Closed

FCOM4028

2025-06-17 11:45

2025-06-19 08:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4475241

XXXXXX-2025-NQM3-886

Closed

FCRE3876

2025-06-17 09:23

2025-06-24 11:57

Resolved

1 - Information

Credit

Missing Doc

Title E&O Policy Missing or Expired

Resolved-now present - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. Please see attached. renewed policy - Buyer-06/24/2025

Open-Title O&E Policy is Missing or Expired Page 622 - expired 06/01/2025 - Note Date 06/12/2025 - Due Diligence Vendor-06/17/2025

Resolved-now present - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4472306

XXXXXX-2025-NQM3-886

Closed

FCOM4028

2025-06-17 09:13

2025-06-18 12:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4471660

XXXXXX-2025-NQM3-886

Closed

FCRE6763

2025-06-17 10:06

Waived

2 - Non-Material

Credit

Income/Employment

Income documentation does not meet guidelines

Waived-Waived-As per guide, Guideline prohibits use of ADU/Guest House rental income on SFR.
*Exception form is provided to allow ADU rental income on property ( noted at 432 square feet) S/P is log cabin type.
*Approved Conditions: [Redacted] max.
*Exception form is on page #589 of 687 - Due Diligence Vendor-06/17/2025
- Due Diligence Vendor-06/17/2025

Revolving debt under 30%, No credit events past 40 months, No consumer late payments, LTV 10% below standard program maximum.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4473216

XXXXXX-2025-NQM3-887

Closed

FCOM4028

2025-06-17 08:31

2025-06-18 13:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/17/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4470871

XXXXXX-2025-NQM3-888

Closed

FCOM4028

2025-06-17 08:18

2025-06-19 08:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4470657

XXXXXX-2025-NQM3-889

Closed

FCOM4028

2025-06-17 07:47

2025-06-18 10:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4470106

XXXXXX-2025-NQM3-890

Closed

FCOM4028

2025-06-17 13:36

2025-06-19 07:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4477512

XXXXXX-2025-NQM3-890

Closed

FPRO1250

2025-06-17 15:28

Waived

2 - Non-Material

Property

Property Condition Rating Does Not Meet Program Requirements

Waived--As per guide is property is new construction Q5 Quality is not acceptable
-Exception form provided to proceed with loan as subject property is new construction with Q5 quality
-Approved Condition :- [Redacted] & 0.5 to price
-Exception form on pg. no 298 of 387 - Due Diligence Vendor-06/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4479527

XXXXXX-2025-NQM3-891

Closed

FCOM4028

2025-06-17 13:49

2025-06-19 09:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/17/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4477742

XXXXXX-2025-NQM3-891

Closed

FPRO1251

2025-06-17 15:12

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-As per guide, Legal Non-Conforming Zoning, If destroyed it must be rebuilt as is.
*Exception form is provided to allow property cannot be fully rebuilt to its current non-conformity.
*Exception form is on page #344 of 352
*Approved Conditions: [Redacted] max - Due Diligence Vendor-06/17/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4479306

XXXXXX-2025-NQM3-892

Closed

FCOM4028

2025-06-17 14:29

2025-06-18 08:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/17/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4478541

XXXXXX-2025-NQM3-893

Closed

FCOM4028

2025-06-17 07:46

2025-06-18 09:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4470088

XXXXXX-2025-NQM3-894

Closed

FCRE3653

2025-06-17 11:20

2025-06-30 12:04

Resolved

1 - Information

Credit

Missing Doc

Missing letter of explanation

Resolved-processor addressed that declaration question answering yes was an error - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. - Buyer-06/30/2025

Open-Final 1003 Section 5b F Checked mark yes, Need Letter of explanation for the same - Due Diligence Vendor-06/17/2025

Resolved-processor addressed that declaration question answering yes was an error - Due Diligence Vendor-06/30/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4474777

XXXXXX-2025-NQM3-894

Closed

FCRE1437

2025-06-17 08:51

2025-06-19 06:46

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-lender provided W2s and a WVOE. since does not contain paystub with 30 days earnings TPR considers as WVOE - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. - Buyer-06/19/2025

Open-Income and Employment Do Not Meet Guidelines Originator stated 2 YR Full Doc however file only contained WVOE. - Due Diligence Vendor-06/17/2025

Resolved-lender provided W2s and a WVOE. since does not contain paystub with 30 days earnings TPR considers as WVOE - Due Diligence Vendor-06/19/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4471230

XXXXXX-2025-NQM3-894

Closed

FCOM4028

2025-06-17 07:43

2025-06-18 09:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4470039

XXXXXX-2025-NQM3-895

Closed

FCOM4028

2025-06-17 07:37

2025-06-18 09:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4469959

XXXXXX-2025-NQM3-896

Closed

FCRE6618

2025-06-17 11:01

2025-06-25 06:45

Resolved

1 - Information

Credit

Borrower

Borrower information on 1003 is incomplete

Resolved-corrected app showing not a FTHB now present - Due Diligence Vendor-06/25/2025

Ready for Review-Document Uploaded. Please see attached updated 1003 - Buyer-06/24/2025

Open-Need updated final 1003 reflecting borrower had an ownership interest in last three years. Note - As per Seller CD page #157of 321 borrower recently sold 1 property. Hence borrower is not FTHB - Due Diligence Vendor-06/17/2025

Resolved-corrected app showing not a FTHB now present - Due Diligence Vendor-06/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4474290

XXXXXX-2025-NQM3-896

Closed

FCRE9991

2025-06-17 11:50

2025-06-20 09:28

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-resolved with lender comments. They do not agree with 1 yr full doc verification however TPR is classifying as 1 year since 2 years are not present - Due Diligence Vendor-06/20/2025

Ready for Review-Document Uploaded. We follow standard Fannie Mae documentation requirements on full doc loans for pension and social security. - Buyer-06/20/2025

Open-*As per Tap Loan program is a NQM: 2Y Full Doc SuperPrime NonQM 30YF however Income calculation and Doc provided for 1 year, Need to change program to NQM: 1Y Full Doc SuperPrime NonQM 30YF - Due Diligence Vendor-06/17/2025

Resolved-resolved with lender comments. They do not agree with 1 yr full doc verification however TPR is classifying as 1 year since 2 years are not present - Due Diligence Vendor-06/20/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4475372

XXXXXX-2025-NQM3-896

Closed

FCOM4028

2025-06-17 07:54

2025-06-18 09:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4470254

XXXXXX-2025-NQM3-896

Closed

FCRE1200

2025-06-17 10:54

2025-06-18 09:22

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-*As per Guide loan amount should be more than $[Redacted]
*Exception provided for loan amount less than $[Redacted]
*Exception pg.#23 of 117
*Approved with condition: As Is - Due Diligence Vendor-06/17/2025

Several income sources and DTI below 45%, Revolving debt is under 30%, Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4474198

XXXXXX-2025-NQM3-896

Closed

FVAL9739

2025-06-17 10:52

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-*Leasehold property
*Exception Form provided to allow lease hold property rights
*Exception: pg.#22 of 117
*Approved with Condition: LA $[Redacted], 0.5 to Price, FNMA guidelines Must be met - Due Diligence Vendor-06/17/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4474180

XXXXXX-2025-NQM3-897

Closed

FCOM4028

2025-06-17 07:54

2025-06-18 10:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4470251

XXXXXX-2025-NQM3-898

Closed

FCRE8728

2025-06-18 09:11

2025-06-30 07:19

Resolved

1 - Information

Credit

Missing Doc

Missing Payment History

Resolved-proof that other property was a newly financed loan now present - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. - Buyer-06/30/2025

Open- - missing payment history for new [Redacted] laon - Due Diligence Vendor-06/18/2025

Resolved-proof that other property was a newly financed loan now present - Due Diligence Vendor-06/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4486641

XXXXXX-2025-NQM3-898

Closed

FCOM4028

2025-06-18 08:11

2025-06-19 13:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4485294

XXXXXX-2025-NQM3-898

Closed

FCRE7810

2025-06-18 09:10

2025-06-18 09:58

Waived

2 - Non-Material

Credit

Title

Title issue

Waived-Waived-As per guide, The borrower is not the majority owner. Time vested in LLC is not applied to seasoning.
*Exception form is provided to allow Borrower Vest Individual Vested throug LLC
*Approved Conditions: +0.25 to price, [Redacted] max
*Exception form is on page # 412 of 601, Title page 568 of 601, Entity Docs page 363 and 367 of 601 - Due Diligence Vendor-06/18/2025 - Due Diligence Vendor-06/18/2025

5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late in the last 24 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4486638

XXXXXX-2025-NQM3-899

Closed

FCOM4028

2025-06-17 15:01

2025-06-19 09:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/17/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4479163

XXXXXX-2025-NQM3-900

Closed

FCOM4028

2025-06-18 06:31

2025-06-19 15:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4483912

XXXXXX-2025-NQM3-901

Closed

FCOM4028

2025-06-17 14:16

2025-06-19 14:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4478252

XXXXXX-2025-NQM3-901

Closed

FCRE3742

2025-06-19 14:31

Waived

2 - Non-Material

Credit

Eligibility

Loan Amount does not meet eligibility requirement(s)

Waived-loan amount does not meet minimum requirements - Due Diligence Vendor-06/19/2025

Revolving debt is under 30%, No credit events past 40 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4503944

XXXXXX-2025-NQM3-901

Closed

FPRO116

2025-06-17 15:04

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Exception for refinance before 12 months of title seasoning. Please allow appraised value for title seasoning of 11 months.

Approved with conditions of max [Redacted], 0.25 to price, ok to proceed with loan amount<[Redacted]

Exception on page 508 - Due Diligence Vendor-06/17/2025

Revolving debt is under 30%, No credit events past 40 months, 5+ years credit history

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4479222

XXXXXX-2025-NQM3-902

Closed

FCOM4028

2025-06-17 15:40

2025-06-18 09:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/18/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4479647

XXXXXX-2025-NQM3-903

Closed

FCRE9651

2025-06-18 14:02

2025-06-30 07:58

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-am schedule now present - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. - Buyer-06/30/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. - Due Diligence Vendor-06/18/2025

Resolved-am schedule now present - Due Diligence Vendor-06/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4492538

XXXXXX-2025-NQM3-903

Closed

FCOM4028

2025-06-18 12:00

2025-06-19 10:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4489987

XXXXXX-2025-NQM3-904

Closed

FCRE1335

2025-06-18 13:54

2025-06-24 09:32

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-lender provided 2024 transcript and proof of filing for 2023 (see pg 352) - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. transcripts uploaded.

Please note that for 2023, we accepted proof of filing in lieu of transcripts which is in alignment with our guidelines. All of this documentation is present in the file.
- Buyer-06/23/2025

Open-Borrower 1 IRS Transcripts Missing IRS Transcripts for 2023, 2024 is missing - Due Diligence Vendor-06/18/2025

Resolved-lender provided 2024 transcript and proof of filing for 2023 (see pg 352) - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4492439

XXXXXX-2025-NQM3-904

Closed

FCOM1221

2025-06-18 11:06

2025-06-24 09:23

Resolved

1 - Information

Compliance

Missing Doc

The Deed of Trust is Incomplete

Resolved-legible copy of all notary info on deed of trust now present - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. apologies, please find attached recorded mortgage - Buyer-06/24/2025

Counter-we need legible copy of notary info, not final title - Due Diligence Vendor-06/20/2025

Ready for Review-- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Buyer-06/20/2025

Open-The Deed of Trust is Incomplete In Deed of trust, Family rider, Condominium rider, Short term rental rider Signature and Notary date is not clearly visible - Due Diligence Vendor-06/18/2025

Resolved-legible copy of all notary info on deed of trust now present - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4488930

XXXXXX-2025-NQM3-904

Closed

FCOM4028

2025-06-18 11:00

2025-06-20 07:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4488791

XXXXXX-2025-NQM3-905

Closed

FCOM4028

2025-06-18 09:37

2025-06-20 07:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4487423

XXXXXX-2025-NQM3-906

Closed

FCOM4028

2025-06-19 00:01

2025-06-20 08:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4495484

XXXXXX-2025-NQM3-907

Closed

FCOM2340

2025-06-19 06:05

2025-06-24 11:58

Resolved

1 - Information

Compliance

TRID

CD: General Form Requirements Not Met

Resolved-missing page now present - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. uploaded final CD with page 5 - Buyer-06/24/2025

Open-file is missing page 5 to CD - - Due Diligence Vendor-06/19/2025

Resolved-missing page now present - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4496780

XXXXXX-2025-NQM3-907

Closed

FCOM4028

2025-06-18 10:12

2025-06-20 10:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4488047

XXXXXX-2025-NQM3-908

Closed

FCOM4028

2025-06-18 21:30

2025-06-19 10:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/19/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4495243

XXXXXX-2025-NQM3-909

Closed

FCRE9500

2025-06-19 03:42

2025-06-24 09:40

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Assets)

Resolved-resolved with lender comments. Since other owners of asset are minors, no need to obtain loe for access - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. [Redacted], page 15 - ownership structure in the document "Articles of Incorporation".
– 2 owners except borrowers are their children, birth certificates provided,

They are under 18 age, no need to obtain confirmation to use assets
- Buyer-06/23/2025

Open-Assets in Page #525 held in Business but B1 & B2 owns only 94% (Both owns 47% each). Access letter missing from other Partners. 2% of Business vested in the name of same business itself per Operating statement in Page #907 and the rest 4% owned by Borrower's children who are minors per Birth Certificates in Page #522, 523 & 625.
Access letter required per Guidelines page #101 if borrower does not own 100% business - Due Diligence Vendor-06/19/2025

Resolved-resolved with lender comments. Since other owners of asset are minors, no need to obtain loe for access - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4496236

XXXXXX-2025-NQM3-909

Closed

FCOM4028

2025-06-18 23:15

2025-06-19 09:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4495356

XXXXXX-2025-NQM3-910

Closed

FCOM4028

2025-06-18 14:18

2025-06-19 15:27

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4492761

XXXXXX-2025-NQM3-910

Closed

FCRE2828

2025-06-18 15:05

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-Waived-As per guide, Loan Modification considered a prior Credit Event. Super Prime requires 48 months Credit Event Seasoning
*Exception form is provided to allow refinance with modification on 5/26/2022
*Approved Conditions: 0.375 to price
*Exception form is on page # 396 of 518, Modification page 214 of 518 - Due Diligence Vendor-6/18/2025 - Due Diligence Vendor-06/18/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, 10 years or more in the same line of employment, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4493443

XXXXXX-2025-NQM3-911

Closed

FCOM4028

2025-06-19 07:09

2025-06-20 08:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/20/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4497377

XXXXXX-2025-NQM3-912

Closed

FCOM4028

2025-06-18 10:47

2025-06-20 08:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4488554

XXXXXX-2025-NQM3-913

Closed

FCOM4028

2025-06-19 05:46

2025-06-20 09:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4496633

XXXXXX-2025-NQM3-914

Closed

FCRE1253

2025-06-19 07:04

2025-07-07 08:31

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-tax cert now present - Due Diligence Vendor-07/07/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1 - Buyer-07/04/2025

Open-Missing Property Tax Cert Please provide updated Tax certificate as Tax amount in current tax documents in page #307 & 398_Credit Pkg and 162_Signed closing pkg not matching with Other tax amount in First payment letter in Page #Page #160- Signed Closing Pkg. - Due Diligence Vendor-06/19/2025

Resolved-tax cert now present - Due Diligence Vendor-07/07/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4497314

XXXXXX-2025-NQM3-914

Closed

FCOM4028

2025-06-19 00:58

2025-06-20 14:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/20/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4495871

XXXXXX-2025-NQM3-915

Closed

FCOM4028

2025-06-19 09:07

2025-06-20 10:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/20/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/19/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4498949

XXXXXX-2025-NQM3-916

Closed

FCOM4028

2025-06-18 10:46

2025-06-20 10:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4488529

XXXXXX-2025-NQM3-916

Closed

FVAL5385

2025-06-18 12:07

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-*As per Guide a cash-out refinance ,the subject property must not be listed for sale in the past 6-months prior to application date.
*Exception provided for Listed for sale within 6 months
*Exception pg.#211 of 273
*Approved with Condition: 0.25 to price, [Redacted] max
- Due Diligence Vendor-06/18/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum,Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4490103

XXXXXX-2025-NQM3-917

Closed

FCOM4028

2025-06-18 11:55

2025-06-19 10:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/18/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4489842

XXXXXX-2025-NQM3-918

Closed

FCOM4028

2025-06-18 07:44

2025-06-19 10:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4484830

XXXXXX-2025-NQM3-919

Closed

FCOM4028

2025-06-18 16:44

2025-06-19 09:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/18/2025

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved - Due Diligence Vendor-06/19/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4494338

XXXXXX-2025-NQM3-920

Closed

FCOM4028

2025-06-18 13:17

2025-06-20 09:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4491336

XXXXXX-2025-NQM3-920

Closed

FVAL5472

2025-06-18 15:05

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-*As per Guide Gross Living Area less than 500 Sq.ft is Ineligible
*Exception provided for Property square footage for 2 unit Gross living area of 490 sq.ft
*Exception pg.#57 of 120
*Approved with Condition: [Redacted] max, 0.25 to price - Due Diligence Vendor-06/18/2025

Several income sources and DTI below 45%, Residual income >=3000$, DTI >=10% lower than loan program

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4493438

XXXXXX-2025-NQM3-921

Closed

FCRE4989

2025-06-18 15:44

2025-06-25 08:41

Resolved

1 - Information

Credit

Closing

Collections, liens or judgments not paid at closing

Resolved-resolved with lender comments. Charge offs exceeds state limits per lender research - Due Diligence Vendor-06/25/2025
Ready for Review-[Redacted] and [Redacted] charge offs outside of [Redacted] statute of limitations, don't have to be paid off. This charge off has a date of last activity in 2018. It is outside the statute of limitations for [Redacted]. This does not need to be paid off. - Buyer-06/24/2025
Open-*Per guide for DSCR Investment Program: Charge off amount above the limit should be paid at close. Per Page #26 of 153 the total open charge off amount is $3378 >24 months.
- Due Diligence Vendor-06/18/2025

Resolved-resolved with lender comments. Charge offs exceeds state limits per lender research - Due Diligence Vendor-06/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4493870

XXXXXX-2025-NQM3-921

Closed

FCRE9991

2025-06-18 15:41

2025-06-23 08:45

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated tape now present - Due Diligence Vendor-06/23/2025

Ready for Review-Document Uploaded. Please see updated tape - Buyer-06/23/2025

Open-*DSCR is off by more than 0.185%
> Lender considered 1007 (pg.#119 of 271) Rent $1810. Lender's score is 0.759
> This is a Purchase Loan: [Redacted] in file (pg #96 of 271) with compensating factor 53% and appraisal not reading tenant occupied.
>Verified doc considered is [Redacted] rent $2250/ PITIA $2,384.22 = 0.944 should be the actual score - Due Diligence Vendor-06/18/2025

Resolved-updated tape now present - Due Diligence Vendor-06/23/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4493843

XXXXXX-2025-NQM3-921

Closed

FCOM4028

2025-06-18 13:33

2025-06-20 09:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4491887

XXXXXX-2025-NQM3-922

Closed

FCOM4028

2025-06-20 03:08

2025-06-23 09:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/23/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/20/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4507655

XXXXXX-2025-NQM3-923

Closed

FCOM4028

2025-06-20 02:48

2025-06-23 06:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4507600

XXXXXX-2025-NQM3-924

Closed

FCOM4028

2025-06-20 05:23

2025-06-23 06:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/23/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/20/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4508196

XXXXXX-2025-NQM3-925

Closed

FCOM4028

2025-06-20 00:22

2025-06-23 06:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/23/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/20/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4506451

XXXXXX-2025-NQM3-926

Closed

FCRE1440

2025-06-20 10:30

2025-06-25 08:47

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Lender has hit payment against borrower and they are not obligated on Note. TPR accepts this lender explanation for no Mtg history - Due Diligence Vendor-06/25/2025
Ready for Review-we should be all set with how I currently have it all set up in file without additional docs.

I received the mortgage & note to show our borrower is not obligated BUT I am still hitting the mortgages into the DTI as we are using rental income for both properties; in this case if anything, we want to hit for the DTI if we saw the borrower making a payment which is already being done. - Buyer-06/24/2025
Open-Housing History Does Not Meet Guideline Requirements Need 12 months payment for [Redacted] Attached to Property [Redacted]
Note:- As per Note page #490 & Mortgage statement Page #824. Loan belongs to [Redacted] however as per bank statement Page #261 borrower make payment of mortgage - Due Diligence Vendor-06/20/2025

Resolved-Borrower not obligated on the note and the payments do not show on credit. They do however show up on bank statements as borrower is making payment. Since borrower is not obligated no housing history is required no housing but underwrter went on to comment that they did include in DTI calculation. Finding is resolved an no waiver required. TPR accepts this lender explanation for no Mtg history - Due Diligence Vendor-07/21/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4513094

XXXXXX-2025-NQM3-926

Closed

FCOM4028

2025-06-19 07:46

2025-06-23 07:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497803

XXXXXX-2025-NQM3-927

Closed

FCOM1233

2025-06-20 10:45

2025-06-25 08:48

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-corrected 1003 now present with correct intended occupancy for exit home - Due Diligence Vendor-06/25/2025

Ready for Review-Document Uploaded. corrected final 1003 uploaded - Buyer-06/24/2025

Open-final 1003 is showing incorrect occupancy for exit property. need corrected final 1003 showing exit house is investment - Due Diligence Vendor-06/20/2025

Resolved-corrected 1003 now present with correct intended occupancy for exit home - Due Diligence Vendor-06/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4513363

XXXXXX-2025-NQM3-927

Closed

FCOM4028

2025-06-20 10:08

2025-06-23 11:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4512365

XXXXXX-2025-NQM3-928

Closed

FCRE1995

2025-06-19 10:47

2025-06-24 12:08

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments, EMD backed out - Due Diligence Vendor-06/24/2025
Ready for Review-Document Uploaded. The EMDs were backed out of the [Redacted] account as seen in the comments below.
- Buyer-06/24/2025
Open- - missing - Due Diligence Vendor-06/19/2025

Resolved-resolved with lender comments, EMD backed out - Due Diligence Vendor-06/24/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4500314

XXXXXX-2025-NQM3-928

Closed

FCOM4028

2025-06-19 09:44

2025-06-20 11:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4499511

XXXXXX-2025-NQM3-929

Closed

FCRE1335

2025-06-19 11:54

2025-06-25 10:13

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 IRS Transcripts Missing

Resolved-resolved with lender comments. lender only provided tax returns to show no ownership in a business not used to qualify income - Due Diligence Vendor-06/25/2025
Ready for Review-Document Uploaded. The borrower is not self-employed. [Redacted] called the borrower potentially being self-employed therefore 1040 transcripts were asked to confirm. They confirmed no Schedule C or Schedule E therefore transcripts are not needed. Transcripts are requested when we are using positive self-employment income to qualify a borrower (and we are not).
- Buyer-06/24/2025
Counter-this is not a tax returns transcript. need actual tax return transcripts not W2 transcripts - Due Diligence Vendor-06/23/2025
Ready for Review-Document Uploaded. Please find the IRS Tax transcripts. - Buyer-06/20/2025
Open- - missing 2 years - Due Diligence Vendor-06/19/2025

Resolved-resolved with lender comments. lender only provided tax returns to show no ownership in a business not used to qualify income - Due Diligence Vendor-06/25/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4501236

XXXXXX-2025-NQM3-929

Closed

FCOM4028

2025-06-19 11:16

2025-06-20 11:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4500661

XXXXXX-2025-NQM3-929

Closed

FVAL8946

2025-06-19 12:08

Waived

2 - Non-Material

Property

Missing Doc

Missing Appraisal

Waived-Waived-As per guide,
*Exception form is provided to allow without 2nd appraisal
*Approved Conditions: [Redacted] max, 0.25 to price
*Exception form is on page # 336 of 436 - Due Diligence Vendor-06/19/2025

*Exception states: Condition: Second Appraisal is required with SSR's for FNMA and FHLMC. Appraisal must be from a different company than the first appraisal.
* There are two CU scores in the file (page 36) 2.5 and (page 40) 1.6 and an AVM (page 2) with a value of $228,000 and a confidence score of 95. - Due Diligence Vendor-06/19/2025

Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4501465

XXXXXX-2025-NQM3-930

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-931

Closed

FCOM4028

2025-06-19 13:39

2025-06-20 13:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/20/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/19/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4503304

XXXXXX-2025-NQM3-931

Closed

FCRE6843

2025-06-19 15:16

2025-06-19 15:18

Waived

2 - Non-Material

Credit

Assets

Asset General

Waived-Waived - As per guide, borrower must contribute at least 20% of own funds for 1 yr P&L loan.
*Exception form is provided allowing less than 20% borrower contribution
*Approved Conditions: [Redacted] max
*Exception form is on page #280 of 397 - [Redacted] 6/19/2025 - Due Diligence Vendor-06/19/2025

Revolving Debt is unde 30%, Residual Income >= $3,000, and 5+ years credit history.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4504585

XXXXXX-2025-NQM3-932

Closed

FCOM4028

2025-06-19 10:27

2025-06-23 07:28

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4500055

XXXXXX-2025-NQM3-933

Closed

123ABJ

2025-06-19 07:56

2025-06-26 12:30

Resolved

1 - Information

Credit

Missing Doc

Missing VVOE dated within 10 days consummation

Resolved-lender provided bank statement with payroll deposits from her own business to show current activity - Due Diligence Vendor-06/26/2025

Ready for Review-Document Uploaded. Please find attached - Seller-06/26/2025

Counter-still need proof active. Bank statements in file are not for business listed on app - Due Diligence Vendor-06/25/2025

Ready for Review-Borrower is Self-Employed. Verification of Employment is within 120 days - Buyer-06/24/2025

Open-Not in file - last paystub - 05/15/2025 - Note date 06/13/2025 - Due Diligence Vendor-06/19/2025

Ready for Review-Document Uploaded. Please find attached - Seller-06/26/2025

Resolved-lender provided bank statement with payroll deposits from her own business to show current activity - Due Diligence Vendor-06/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497956

XXXXXX-2025-NQM3-933

Closed

FCOM1797

2025-06-19 08:37

2025-06-25 11:00

Resolved

1 - Information

Compliance

Missing Doc

Missing Service Provider List

Resolved-This is acceptable. - Due Diligence Vendor-06/25/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 12 - Seller-06/24/2025

Open-Provide the missing initial Service Provider List. - Due Diligence Vendor-06/19/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 12 - Seller-06/24/2025

Resolved-This is acceptable. - Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4498533

XXXXXX-2025-NQM3-933

Closed

FCOM9970

2025-06-19 08:52

2025-06-25 10:59

Resolved

1 - Information

Compliance

Missing Doc

Missing Compliance Documentation Unable to Test Compliance

Resolved-This is acceptable. - Due Diligence Vendor-06/25/2025

Open- - Due Diligence Vendor-06/25/2025

Ready for Review-Document Uploaded. Please find Initial package attached - Buyer-06/24/2025

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Unable to complete Compliance Testing without the missing initial Service Provider List, etc. - Due Diligence Vendor-06/19/2025

Resolved-This is acceptable. - Due Diligence Vendor-06/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4498739

XXXXXX-2025-NQM3-933

Closed

FCOM1266

2025-06-19 07:45

2025-06-25 10:17

Resolved

1 - Information

Compliance

Missing Doc

Homeownership Counseling Disclosure Is Missing

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/25/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 39 - Buyer-06/24/2025

Open-Homeownership Counseling Disclosure Is Missing Initial Disclosures package missing from file - Due Diligence Vendor-06/19/2025

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497781

XXXXXX-2025-NQM3-933

Closed

123ABH

2025-06-19 07:45

2025-06-25 10:17

Resolved

1 - Information

Compliance

Missing Doc

Missing Toolkit Disclosure/Booklet

Resolved-Homeowner Toolkit is fully Present - Due Diligence Vendor-06/25/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 76 - Buyer-06/24/2025

Open-Homeowner Toolkit is missing - Due Diligence Vendor-06/19/2025

Resolved-Homeowner Toolkit is fully Present - Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497782

XXXXXX-2025-NQM3-933

Closed

FCOM1231

2025-06-19 07:41

2025-06-25 10:15

Resolved

1 - Information

Compliance

Missing Doc

The Initial 1003 is Missing

Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-06/25/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 1 - Seller-06/24/2025

Open-The Initial 1003 is Missing and the 1003 Page Occupancy Status is 'Primary Residence'. Missing initial disclosure package - App date taken from MAvent - Due Diligence Vendor-06/19/2025

Ready for Review-Initial package was uploaded to another condition. It can be found on p. 1 - Seller-06/24/2025

Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497738

XXXXXX-2025-NQM3-933

Closed

FCOM4028

2025-06-19 07:28

2025-06-23 06:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4497568

XXXXXX-2025-NQM3-934

Closed

FCRE1481

2025-06-19 09:40

2025-06-26 07:59

Resolved

1 - Information

Credit

Assets

Asset 3 Does Not Meet Guideline Requirements

Resolved-resolved with lender comments and assessment. By info present, they have determined that there was no activity prior to dates provided that would have affected loan - Due Diligence Vendor-06/26/2025
Ready for Review-Document Uploaded. We should be okay with the [Redacted] transaction summary from account [Redacted]. You can note the YTD interest earned and previous year are both $0. Please see attached transaction history. In addition we can imply that there was a $0 balance prior to 5/12 because the current balance after the $50 deposit is $50. A full account statement would show us the exact same info. In our opinion this is clearly a newly opened account and we should not need further documentation.
Additionally, the purpose of the guideline sourcing deposits on bank accounts less than 30 days seasoned is to provide the source account that evidences at least 30 days of seasoning which allows us to be comfortable with the use of the account. In this case it was a gift, however we have the source account of the deposit and should have no concerns with the use of the funds. - Buyer-06/25/2025
Counter-this is not 30 days. - Due Diligence Vendor-06/24/2025
Ready for Review-Document Uploaded. Please see account [Redacted] # [Redacted] history for the period 05/15/2025-06/09/2025 - Buyer-06/23/2025
Open-Asset Record 3 Does Not Meet G/L Requirements [Redacted] #[Redacted] - date range is 05/12/2025 - 06/082025 - < 30 days. Page 70. - Due Diligence Vendor-06/19/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4499474

XXXXXX-2025-NQM3-934

Closed

FCRE9651

2025-06-19 09:00

2025-06-24 10:04

Resolved

1 - Information

Credit

Missing Doc

Amortization Schedule missing from Closing Package.

Resolved-present now - Due Diligence Vendor-06/24/2025

Ready for Review-Document Uploaded. Please see attached amortization schedule - Buyer-06/24/2025

Open-Amortization Schedule is 'Missing'from the Closing Package. true - Due Diligence Vendor-06/19/2025

Resolved-present now - Due Diligence Vendor-06/24/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4498848

XXXXXX-2025-NQM3-934

Closed

FCOM4028

2025-06-19 08:44

2025-06-23 06:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4498630

XXXXXX-2025-NQM3-935

Closed

FVAL9739

2025-06-20 10:52

2025-06-26 08:20

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-purpose type corrected to reflect REFI on appraisal now present - Due Diligence Vendor-06/26/2025

Ready for Review-Document Uploaded. Please see updated appraisal report - Buyer-06/25/2025

Open-Subject property appraisal report Assignment Type needs to be corrected to 'Refinance' as it's currently reading as 'other - Due Diligence Vendor-06/20/2025

Resolved-purpose type corrected to reflect REFI on appraisal now present - Due Diligence Vendor-06/26/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4513484

XXXXXX-2025-NQM3-935

Closed

FCOM4028

2025-06-20 08:48

2025-06-23 07:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4510676

XXXXXX-2025-NQM3-936

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-937

Closed

FCOM4028

2025-06-23 07:49

2025-06-23 12:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4525791

XXXXXX-2025-NQM3-938

Closed

FCOM4028

2025-06-23 07:44

2025-06-23 12:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4525712

XXXXXX-2025-NQM3-939

Closed

FCOM4028

2025-06-23 09:24

2025-06-24 11:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4527476

XXXXXX-2025-NQM3-940

Closed

FCOM4028

2025-06-23 11:43

2025-06-24 11:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4530669

XXXXXX-2025-NQM3-940

Closed

FCRE1228

2025-06-23 13:14

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Non Sufficient funds exceeds max allowed for bank statement program
6 NSF
pg 664 - Due Diligence Vendor-06/23/2025

Revolving debt is under 30%, Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No
mortgage late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower
contribution exceeds requirement >=5%

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4532477

XXXXXX-2025-NQM3-941

Closed

FCRE4678

2025-06-23 07:44

2025-06-26 08:40

Resolved

1 - Information

Credit

Eligibility

Payment shock exceeds guideline

Resolved-lender used [Redacted] rent estimator and pay shock does not exceed - Due Diligence Vendor-06/26/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/25/2025
Counter-this does not determine payment shock alone. need current rent payment to determine - Due Diligence Vendor-06/25/2025
Ready for Review-Document Uploaded. Please see attached Zillow rent estimate provided by Sr. UW - Buyer-06/24/2025
Open-Bwr indicates Rent on 1003 but no amount is provided nor verified. Cannot determine Bwr's Payment shock. - Due Diligence Vendor-06/23/2025

Resolved-lender used [Redacted] rent estimator and pay shock does not exceed - Due Diligence Vendor-06/26/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4525714

XXXXXX-2025-NQM3-941

Closed

FCOM4028

2025-06-23 06:49

2025-06-23 12:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4524949

XXXXXX-2025-NQM3-941

Closed

FCRE1200

2025-06-23 07:43

2025-06-23 07:52

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Waived-As per guide, Guideline requires a minimum loan amount of $[Redacted]
*Exception form is provided to permit loan amount under $[Redacted]
*Approved Conditions: [Redacted] max, 0.25 to price.
*Exception form is on page #306 of 411 - Due Diligence Vendor-06/23/2025 - Due Diligence Vendor-06/23/2025

No credit event spast 40 months, Credit Score > 40 points above program minimum, Bwr contribution exceeds requirement >= 10%.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4525694

XXXXXX-2025-NQM3-941

Closed

FPRO116

2025-06-23 07:50

2025-06-23 07:51

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Guideline requires a Master insurance policy to provide Replacement Cost Value.
*Exception form is provided to subject condo project that provides an Actual Cost Replacement Value for roofs over 15 years old.
*Approved Conditions: [Redacted] max, 0.25 to price.
*Exception form is on page #306 of 411 - Due Diligence Vendor-06/23/2025 - Due Diligence Vendor-06/23/2025

No credit event spast 40 months, Credit Score > 40 points above program minimum, Bwr contribution exceeds requirement >= 10%.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4525806

XXXXXX-2025-NQM3-942

Closed

FCRE1995

2025-06-24 05:59

2025-06-25 13:01

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-06/25/2025

Ready for Review-Document Uploaded. emd backed out of available assets - Buyer-06/25/2025

Open-Earnest Deposit of $2,500 is reflecting in final CD(Page #12) and Final 1003(page #60) whereas supporting documents are missing in file to verify the same. - Due Diligence Vendor-06/24/2025

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-06/25/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4538454

XXXXXX-2025-NQM3-942

Closed

FCOM4028

2025-06-24 04:35

2025-06-24 10:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4537779

XXXXXX-2025-NQM3-943

Closed

FCOM4028

2025-06-24 10:12

2025-06-25 15:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/25/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/24/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4543491

XXXXXX-2025-NQM3-944

Closed

FCOM4028

2025-06-23 08:00

2025-06-24 13:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4525937

XXXXXX-2025-NQM3-945

Closed

FCOM4028

2025-06-23 07:51

2025-06-24 13:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4525818

XXXXXX-2025-NQM3-946

Closed

FCRE1440

2025-06-23 11:32

2025-06-27 08:18

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-lender confirmed no lien on property - Due Diligence Vendor-06/27/2025
Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW - Buyer-06/26/2025
Open-Housing History Does Not Meet Guideline Requirements Need 12 months Payment history for Property#[Redacted] for [Redacted]- Due Diligence Vendor-06/23/2025

Resolved-lender confirmed no lien on property - Due Diligence Vendor-06/27/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4530372

XXXXXX-2025-NQM3-946

Closed

FVAL1039

2025-06-23 11:42

2025-06-26 08:47

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-desk review is now present and supports value. - Due Diligence Vendor-06/26/2025

Ready for Review-Document Uploaded. Please see attached CDA Report - Buyer-06/25/2025

Open-CU score is 0 Refer pg.# 67 & 69 Appraisal Supporting doc is missing in file. - Due Diligence Vendor-06/23/2025

Resolved-desk review is now present and supports value. - Due Diligence Vendor-06/26/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4530624

XXXXXX-2025-NQM3-946

Closed

FCOM4028

2025-06-23 08:01

2025-06-24 13:05

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4525967

XXXXXX-2025-NQM3-946

Closed

FVAL2242

2025-06-23 11:03

2025-06-23 11:43

Waived

2 - Non-Material

Property

Property is Manufactured Housing

Waived-Per Guide: A manufactured home cannot be rural or be located on agricultural zoning.
Exception form provided to allow Rural Manufactured
Exception form page#477
Approved With Conditions: [Redacted] max, rural + mfr pricing
- Due Diligence Vendor-06/23/2025

5+ years credit history, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4529656

XXXXXX-2025-NQM3-947

Closed

FCOM4028

2025-06-23 07:31

2025-06-23 12:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4525503

XXXXXX-2025-NQM3-947

Closed

FVAL5385

2025-06-23 08:21

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Exception for property being listed for sale within the last 6 months

Approved with conditions of [Redacted] max, 0.25 to price

Waiver on page 282 of 384 - Due Diligence Vendor-06/23/2025

No mortgage late payments in the last 24 months, 5+ years credit history, Reserves >6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4526284

XXXXXX-2025-NQM3-948

Closed

FCOM4028

2025-06-23 08:24

2025-06-23 12:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4526320

XXXXXX-2025-NQM3-949

Closed

FCRE1226

2025-06-23 13:11

2025-06-30 08:08

Resolved

1 - Information

Credit

Missing Doc

Appraisal document is incomplete or partial

Resolved-arms length verified now by appraiser - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. Transaction is Arm's length sale. Please see the updated Appraisal on p.9 of 45. - Buyer-06/27/2025

Open-Arm's Transaction information is missing in appraisal report refer Pg. no 24 of 448. - Due Diligence Vendor-06/23/2025

Resolved-arms length verified now by appraiser - Due Diligence Vendor-06/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4532417

XXXXXX-2025-NQM3-949

Closed

FCOM4028

2025-06-23 10:23

2025-06-24 13:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4528958

XXXXXX-2025-NQM3-949

Closed

FPRO1251

2025-06-23 13:06

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived--As per guide Rural Zoning is not allowed for Multi Unit property
-Exception form Provided to proceed with loan as Property zoning is Rural
-Approved Condition :- +0.25 to price
-Exception form on pg. no 333 of 448. - Due Diligence Vendor-06/23/2025

No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4532349

XXXXXX-2025-NQM3-949

Closed

FCRE1200

2025-06-23 13:03

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived--As per Rate Sheet minimum Loan amount is $[Redacted] for Multi Unit property
-Exception from Provided to proceed with loan as file loan amount is [Redacted] which is not meeting minimum loan amount criteria
-Approved Condition :- 0.25 to price & Max LA $[Redacted]
-Exception form on Pg. no :- 332 of 448. - Due Diligence Vendor-06/23/2025

Waived--As per Rate Sheet minimum Loan amount is $[Redacted] for Multi Unit property
-Exception from Provided to proceed with loan as file loan amount is $[Redacted] which is not meeting minimum loan amount criteria
-Approved Condition :- 0.25 to price & Max LA $[Redacted]
-Exception form on Pg. no :- 332 of 448. - Due Diligence Vendor-06/23/2025

No mortgage late payments in the last 24 months, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4532297

XXXXXX-2025-NQM3-950

Closed

FCRE1158

2025-06-23 14:34

2025-06-30 08:11

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-corrected deductible now present - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. Please see attached policy. Deductible is 15000, it was a typo. - Buyer-06/28/2025

Open-Hazard Insurance Policy Partially Provided 10% deductible guide not meeting, As per Insurance page#257 of 338 Deductible is 60% - Due Diligence Vendor-06/23/2025

Resolved-corrected deductible now present - Due Diligence Vendor-06/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4533778

XXXXXX-2025-NQM3-950

Closed

FCOM4028

2025-06-23 13:08

2025-06-24 13:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4532366

XXXXXX-2025-NQM3-951

Closed

FCRE1253

2025-06-24 08:48

2025-06-27 08:54

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-lender provided tax cert - Due Diligence Vendor-06/27/2025

Ready for Review-Document Uploaded. Please see attached comment provided by UW 1 - Buyer-06/26/2025

Open-Missing Property Tax Cert need tax cert to support taxes used. page 313 is less - Due Diligence Vendor-06/24/2025

Resolved-lender provided tax cert - Due Diligence Vendor-06/27/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4541403

XXXXXX-2025-NQM3-951

Closed

FCOM4028

2025-06-24 08:25

2025-06-24 12:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4540919

XXXXXX-2025-NQM3-952

Closed

FCRE2515

2025-06-23 13:55

2025-07-24 09:22

Waived

2 - Non-Material

Credit

Eligibility

Credit history does not meet guidelines

Waived-Exception to allow insufficient credit history - Due Diligence Vendor-07/24/2025
Waived-Waived-As per guide, Borrowers with 1 available credit score reviewed on a case-by-case basis.
*Exception form is provided to allow for insufficient credit history
*Approved Conditions: +0.25 to price, [Redacted] LTV max, no other exceptions allowed
*Exception form is on page # 597 of 666, Alternative credit page 440 of 666 - Due Diligence Vendor-06/23/2025 - Due Diligence Vendor-06/23/2025

5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of employment

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4533185

XXXXXX-2025-NQM3-952

Closed

FCRE2515

2025-06-23 13:55

Waived

2 - Non-Material

Credit

Eligibility

Credit history does not meet guidelines

Waived-Waived-As per guide, Borrowers with 1 available credit score reviewed on a case-by-case basis.
*Exception form is provided to allow for insufficient credit history
*Approved Conditions: +0.25 to price, [Redacted] max, no other exceptions allowed
*Exception form is on page # 597 of 666, Alternative credit page 440 of 666 - Due Diligence Vendor-06/23/2025 - Due Diligence Vendor-06/23/2025

5 years on current job, DTI >=10% lower than loan program, 10 years or more in the same line of employment

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

4533185

XXXXXX-2025-NQM3-953

Closed

FCOM4028

2025-06-23 08:18

2025-06-23 13:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4526232

XXXXXX-2025-NQM3-953

Closed

FVAL5524

2025-06-23 09:16

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Waived-As per guide, Guideline only permits SFR's in Rural areas.
*Exception form is provided to allow Rural Manufactured Home
*Approved Conditions: [Redacted] max, with rural + mfr pricing
*Exception form is on page #307 of 416 - Due Diligence Vendor-06/23/2025 - Due Diligence Vendor-06/23/2025

No mortgage lates last 24 months, 5+ years credit history, No consumer lates last 24 months, Bwr contribution exceeds requirement > 5%.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4527323

XXXXXX-2025-NQM3-954

Closed

FCOM4028

2025-06-23 11:01

2025-06-24 14:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4529549

XXXXXX-2025-NQM3-954

Closed

FCRE2828

2025-06-23 14:17

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-*As per Guide Balloon loan should be paid off within Maturity
*Exception provided for Balloon Due 03/24/2025 and also Extension Document is Missing in file
*Exception pg.#421
*Approved with Condition: 0.25 to price, [Redacted] max - Due Diligence Vendor-06/23/2025

Several income sources and DTI below 45%, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Reserves >6months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4533508

XXXXXX-2025-NQM3-955

Closed

FCOM4028

2025-06-24 09:41

2025-06-25 13:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4542834

XXXXXX-2025-NQM3-956

Closed

FCOM4028

2025-06-24 12:08

2025-06-25 12:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4545742

XXXXXX-2025-NQM3-957

Closed

FCOM4028

2025-06-24 06:47

2025-06-25 16:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4538920

XXXXXX-2025-NQM3-957

Closed

FCRE1158

2025-06-24 08:31

2025-06-24 10:39

Waived

2 - Non-Material

Credit

Missing Doc

Hazard Insurance Policy is Partial

Waived-Hazard Insurance Policy Partially Provided Roof Insurance Replacement cost for 16 years per documents in Page #7 & 1_Credit Pkg 2.pdf which is not in Guideline requirements, However, exception document is in page #9 of Credit_pkg_2.pdf - Due Diligence Vendor-06/24/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
Credit score >40 points than minimum required-Audited FICO 787 and Guideline maximum FICO 660 with difference 127 which is greater than 40
Borrower contribution exceeds requirement >=5%-Borrower contribution is nearly 33.73%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4541014

XXXXXX-2025-NQM3-958

Closed

FCOM4028

2025-06-25 06:44

2025-06-26 11:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4553449

XXXXXX-2025-NQM3-959

Closed

FVAL5472

2025-06-24 10:10

2025-07-01 12:47

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-exceeds Lender guideline for acreage size. But does not violate [Redacted] A6 -Rural Homesteads: Can exceed 10 acres but are subject to a maximum of 100 acres for a single person and 200 acres for a family.
Property determined to be ‘SFR Rural’ may not exceed 10 acres. Subject property's size is 10.27 ac as per
appraisal - Due Diligence Vendor-07/01/2025
Ready for Review-Document Uploaded. please see attached PC exception - Buyer-07/01/2025
Open-As per guide, Property determined to be ‘SFR Rural’ may not exceed 10 acres. Verified Appraisal on page #193, size exceeds 10 acres. Does not meet [Redacted] home equity refinance guide - Due Diligence Vendor-06/25/2025

Compensating Factors
DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit
history, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

[Redacted]

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

4543430

XXXXXX-2025-NQM3-959

Closed

FCOM4028

2025-06-24 07:51

2025-06-25 10:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4540281

XXXXXX-2025-NQM3-959

Closed

FCRE1228

2025-06-24 10:08

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-As per guide, Maximum of 3 NSFs occurrences in the most recent 12-month period are allowed.
*Exception form is provided to allow 7 NSF in 12 months.
*Approved Conditions: $[Redacted] LA MAX & 0.25 to price
*Exception form is on page #644 - Due Diligence Vendor-06/24/2025

DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4543400

XXXXXX-2025-NQM3-960

Closed

FCOM4028

2025-06-25 10:21

2025-06-26 11:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4558626

XXXXXX-2025-NQM3-961

Closed

FCRE3464

2025-06-24 14:46

2025-06-26 11:24

Resolved

1 - Information

Credit

Missing Doc

Missing Closing/Final Verbal VOE

Resolved-resolved with lender comments. VVOE not needed since only counted losses against borrower - Due Diligence Vendor-06/26/2025
Ready for Review-borrower has negative income from [Redacted]. VOE is not needed. - Buyer-06/26/2025
Open-VVOE is missing in file for schedule F income - Due Diligence Vendor-06/24/2025

Resolved-resolved with lender comments. VVOE not needed since only counted losses against borrower - Due Diligence Vendor-06/26/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4548513

XXXXXX-2025-NQM3-961

Closed

FCOM4028

2025-06-24 08:00

2025-06-25 16:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4540429

XXXXXX-2025-NQM3-961

Closed

FVAL5472

2025-06-24 11:17

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived--As per guide when the property type is rural the property size should not be more than 10 acres
-Exception form provided to proceed with loans as property size is 13.96 Aces
-Approved condition :- 0.25 to price
-Exception form on pg. no 583. - Due Diligence Vendor-06/24/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4544556

XXXXXX-2025-NQM3-962

Closed

FCRE6019

2025-06-24 15:44

2025-06-25 16:41

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4549240

XXXXXX-2025-NQM3-963

Closed

FCRE3464

2025-06-25 14:20

2025-06-27 11:14

Resolved

1 - Information

Credit

Missing Doc

Missing Closing/Final Verbal VOE

Resolved-VVOE now in file - Due Diligence Vendor-06/27/2025

Ready for Review-Document Uploaded. exp 9/4/2025 - Buyer-06/27/2025

Open-need proof of self employment within last 120 days. Bank statement does not show any business deposits to use for proof of business existence - Due Diligence Vendor-06/25/2025

Resolved-VVOE now in file - Due Diligence Vendor-06/27/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4562880

XXXXXX-2025-NQM3-963

Closed

FCOM4028

2025-06-25 13:29

2025-06-26 11:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4561997

XXXXXX-2025-NQM3-964

Closed

FCOM4028

2025-06-24 22:52

2025-06-26 13:22

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4551341

XXXXXX-2025-NQM3-965

Closed

FCOM9842

2025-06-25 08:20

2025-07-02 08:40

Resolved

1 - Information

Compliance

TRID

Final CD: File # is missing

Resolved-corrected CD now present - Due Diligence Vendor-07/02/2025

Ready for Review-Document Uploaded. - Buyer-07/01/2025

Open-B1 signed on 2020 in Final CD Page #129_Signed closing pkg whereas closing date is on 2025. Please provide updated Final CD sign page - Due Diligence Vendor-06/25/2025

Resolved-corrected CD now present - Due Diligence Vendor-07/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4555120

XXXXXX-2025-NQM3-965

Closed

FCOM4028

2025-06-25 02:37

2025-06-27 00:02

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4551999

XXXXXX-2025-NQM3-966

Closed

FCOM4028

2025-06-24 07:09

2025-06-25 12:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4539564

XXXXXX-2025-NQM3-967

Closed

FCOM4028

2025-06-24 09:51

2025-06-25 13:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4543050

XXXXXX-2025-NQM3-968

Closed

FCOM4028

2025-06-24 07:52

2025-06-25 12:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4540304

XXXXXX-2025-NQM3-969

Closed

FCOM4028

2025-06-24 07:56

2025-06-25 16:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4540361

XXXXXX-2025-NQM3-969

Closed

FCRE1197

2025-06-24 09:52

2025-06-24 16:41

Waived

2 - Non-Material

Credit

Eligibility

Audited FICO is less than Guideline FICO

Waived-Per Guide: For DSCR cash out refinance minimum FICO is 660
Exception form provided to allow 649 score on DSCR cash out
Exception form page#294 of 413
Approved With Conditions: 0.5 to price and max CLTV [Redacted] - Due Diligence Vendor-06/24/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, LTV 10% below maximum

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4543060

XXXXXX-2025-NQM3-970

Closed

FCOM4028

2025-06-24 08:48

2025-06-25 11:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/25/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/24/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4541406

XXXXXX-2025-NQM3-971

Closed

FCOM4028

2025-06-24 08:25

2025-06-25 13:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4540917

XXXXXX-2025-NQM3-972

Closed

FCOM4028

2025-06-24 13:30

2025-06-25 11:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/25/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/24/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4547315

XXXXXX-2025-NQM3-972

Closed

FCRE1228

2025-06-24 16:24

2025-06-24 16:25

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Waived-As per Guide, Guideline allows 3 NSFs occurences max in the most recent 12-month period.
*Exception form is provided to allow 7 NSFs occurences in past 12 months.
*Approved Conditions: [Redacted] max
*Exception form is on page #445 of 520 - [Redacted] 6/24/2025 - Due Diligence Vendor-06/24/2025

DTI below 45%, Revolving debt is under 30%, and LTV is 10% below maximum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4549567

XXXXXX-2025-NQM3-973

Closed

50001251-Fees-Limited

2025-06-25 09:04

2025-07-08 09:13

Resolved

1 - Information

Compliance

TRID Tolerance

Charges That Cannot Increase Test (50001251)

Resolved- - Due Diligence Vendor-07/08/2025

Rescinded-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Inspection Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Duplicate - Due Diligence Vendor-06/25/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4556229

XXXXXX-2025-NQM3-973

Closed

50001252-Fees-Limited

2025-06-25 09:04

2025-07-08 09:13

Resolved

1 - Information

Compliance

TRID Tolerance

Insufficient Change of Circumstance (50001252)

Resolved- - Due Diligence Vendor-07/08/2025

Resolved- - Due Diligence Vendor-07/08/2025

Ready for Review-Document Uploaded. Please see attached COC dated 6/16/2025 - Buyer-07/07/2025

Counter-Zero tolerance Inspection Fee was $0.00/Not included on CD 06/04/2025 and $200.00 on Final CD 06/17/2025. PCCD 06/17/2025 provided a credit for $16.10. out of the $200.00 total for the inspection fee. The credit is not sufficient. - Due Diligence Vendor-07/07/2025

Open- - Due Diligence Vendor-07/07/2025

Ready for Review-Document Uploaded. Please see attached PCCD, LOX and check refund - Buyer-07/02/2025

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Inspection Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Final Inspection Fee for $200.00 was added to Final CD 06/17/2025 without a Change of Circumstance. The only COC provided referencing the inspection Fee increase is dated 06/24/2025 which is after closing. - Due Diligence Vendor-06/25/2025

Open- - Due Diligence Vendor-06/25/2025

Resolved- - Due Diligence Vendor-07/08/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4556230

XXXXXX-2025-NQM3-973

Closed

FCOM4028

2025-06-25 03:51

2025-06-27 00:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/25/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4552207

XXXXXX-2025-NQM3-974

Closed

FCOM4028

2025-06-24 09:38

2025-06-25 14:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4542774

XXXXXX-2025-NQM3-975

Closed

FCOM4028

2025-06-24 11:27

2025-06-25 11:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4544813

XXXXXX-2025-NQM3-976

Closed

FCRE9549

2025-06-24 16:02

2025-07-01 06:57

Resolved

1 - Information

Credit

Missing Doc

Missing Credit Report Supplement

Resolved-DTI matches. lender sent updated 1008 including [Redacted] in DTI - Due Diligence Vendor-07/01/2025
Ready for Review-Document Uploaded. [Redacted] included in DTI. Please see updated tape, Al, 1008 and lock. - Buyer-06/30/2025
Open-* Need Credit supplement for Liability [Redacted] reflecting zero balance as lender did not considered in DTI. Refer Credit report pg.#3 of 251 - Due Diligence Vendor-06/24/2025

Resolved-DTI matches. lender sent updated 1008 including [Redacted] in DTI - Due Diligence Vendor-07/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4549367

XXXXXX-2025-NQM3-976

Closed

FCOM4028

2025-06-24 13:33

2025-06-25 16:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4547416

XXXXXX-2025-NQM3-977

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-978

Closed

FCOM4028

2025-06-25 07:59

2025-06-26 12:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4554724

XXXXXX-2025-NQM3-978

Closed

FCRE1174

2025-06-25 09:05

2025-07-24 09:17

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Waived-As per guide, Master property insurance policies are required for the common elements and residential structures for each loan that [Redacted] originates in a condo project
*Exception form is provided to allow non warrantable condo and HO3 insurance
*Approved Conditions: +0.25 to price, [Redacted] LTV max
*Exception form is on page # 1083 of 1253, Master Condo Insurance page 674-678 of 1253, HO3 Insurance page 1062 of 1253 - Due Diligence Vendor-06/25/2025 - Due Diligence Vendor-06/25/2025

DTI >=10% lower than loan program, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24
months, 2+ borrowers on the loan, LTV 10% below maximum

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4556247

XXXXXX-2025-NQM3-979

Closed

FCRE9991

2025-06-25 23:29

2025-06-30 08:30

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-lender provided calculation to arrive at DSCR score. Score now matches - Due Diligence Vendor-06/30/2025

Ready for Review-Rental income calculation used: 2,900 from appraisal *75% +$3,400 from lease agreement = 5,575. - Buyer-06/28/2025

Open-Originator DSCR Is 1.170 and the Calculated DSCR is 1.197, the Variance is 0.027.
DSCR Calculation: Rent amount $5,700/ PITIA $4,762.11= 1.197
Considered Rent amount$5,700 from Appraisal Narrative and Lease Agreement in Page #39&289- Credit pkg.pdf whereas Lender considered rent amount of $5.575. - Due Diligence Vendor-06/26/2025

Resolved-lender provided calculation to arrive at DSCR score. Score now matches - Due Diligence Vendor-06/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4566390

XXXXXX-2025-NQM3-979

Closed

FCOM4028

2025-06-25 21:05

2025-06-27 00:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording missing in File - Due Diligence Vendor-06/26/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4565940

XXXXXX-2025-NQM3-979

Closed

FVAL5524

2025-06-25 23:13

2025-06-26 05:03

Waived

2 - Non-Material

Property

Ineligible Property

Waived-Commercial space is exactly 50% which is out of Guideline requirements, However Exception Form in the file page no #298- Credit Package.pdf - Due Diligence Vendor-06/26/2025

1. No credit events past 40 months- No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File,
2. No Mortgage late payments in the last 24 months- No mortgage late payments in past 24 months per CBR Page #419- Credit Package,
3. Credit score >40 points than minimum required- Audited FICO Score is 814, Guideline Maximum FICO Score is 680 difference is 134, Which is Greater than 40,
4. Borrower contribution exceeds requirement >=5%- Borrower contribution is nearly 35.76%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4566353

XXXXXX-2025-NQM3-980

Closed

FCRE1253

2025-06-26 15:17

2025-07-01 07:46

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-lender provided tax certs - Due Diligence Vendor-07/01/2025
Ready for Review-Document Uploaded. Taxes are 13,102.34: 12,875.84 (from Tax Bill [Redacted]) + 226,50 (water and sewer taxes from tax bill). - Buyer-06/30/2025
Open-Missing Property Tax Cert need tax cert to support 13174.44 smart fees and calc are less - Due Diligence Vendor-06/26/2025

Resolved-lender provided tax certs - Due Diligence Vendor-07/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4578653

XXXXXX-2025-NQM3-980

Closed

FCOM4028

2025-06-26 14:31

2025-06-27 10:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4577844

XXXXXX-2025-NQM3-981

Closed

FCOM4028

2025-06-25 11:05

2025-06-27 01:07

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4559357

XXXXXX-2025-NQM3-982

Closed

FCOM4028

2025-06-25 11:41

2025-06-27 13:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4560075

XXXXXX-2025-NQM3-983

Closed

FCOM4028

2025-06-25 08:08

2025-06-26 12:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4554919

XXXXXX-2025-NQM3-983

Closed

FCRE4369

2025-06-25 08:57

Waived

2 - Non-Material

Credit

Eligibility

Mortgage/Rental lates exceed guidelines

Waived-Exception for 1 30 day late

Approved with conditions of [Redacted] MAX & 0.5 to price

Waiver on page 297 of 367 - Due Diligence Vendor-06/25/2025

No credit events past 40 months, LTV 10% below maximum, Borrower contribution exceeds requirement >=5%

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4556111

XXXXXX-2025-NQM3-984

Closed

FCOM4028

2025-06-25 08:00

2025-06-27 00:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4554736

XXXXXX-2025-NQM3-985

Closed

FVAL5474

2025-06-25 13:00

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, Any projects with significant deferred maintenance or repairs due to unsafe conditions are not eligible.
*Exception is provided to allow Electrical repairs being conducted & it is safe to occupy while the repairs are being completed. Letter is on page #278,280 of 299
*Approved Conditions : [Redacted] and 0.25 to price
*Exception form is on page #2 of 109 - Due Diligence Vendor-06/25/2025

DTI >=10% lower than loan program, No credit events past 40 months, No consumer late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4561493

XXXXXX-2025-NQM3-986

Closed

FCOM4028

2025-06-25 12:07

2025-06-27 09:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-06/25/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4560530

XXXXXX-2025-NQM3-987

Closed

FCOM5814

2025-06-26 14:39

2025-07-01 08:24

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-proof electronic delivery now present - Due Diligence Vendor-07/01/2025

Ready for Review-Document Uploaded. provided proof and a signed 3-day cd - Buyer-06/30/2025

Open-Provide evidence CD 06/18/2025 was electronically sent. - Due Diligence Vendor-06/26/2025

Resolved-proof electronic delivery now present - Due Diligence Vendor-07/01/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4578015

XXXXXX-2025-NQM3-987

Closed

FCOM4028

2025-06-26 12:34

2025-06-27 10:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4575750

XXXXXX-2025-NQM3-988

Closed

FCOM4028

2025-06-25 11:48

2025-06-26 12:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4560207

XXXXXX-2025-NQM3-989

Closed

FCOM4028

2025-06-25 12:47

2025-06-27 13:57

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4561244

XXXXXX-2025-NQM3-989

Closed

FCRE1491

2025-06-25 16:47

2025-06-25 16:48

Waived

2 - Non-Material

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Waived-Asset Qualification Does Not Meet Guideline Requirements Per guide: Gift funds are not allowed to be used for reserves.
Exception form provided to allow Borrower has 5% down, reserves gifted
Exception form page#34 of 137
Approved With Conditions: 0.25 to price - Due Diligence Vendor-06/25/2025

Residual income >=3000$, No mortgage late payments in the last 24 months, 5+ years credit history

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4564376

XXXXXX-2025-NQM3-990

Closed

FCRE5116

2025-06-26 08:01

2025-06-30 08:42

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-lender included as a conservative figure but was not a closed loan. resolved with lender comment - Due Diligence Vendor-06/30/2025
Ready for Review-Mortgage for REO "[Redacted] with balance $[Redacted]" Loan [Redacted] was denied. - Buyer-06/30/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide supporting documentation to verify Mortgage for REO "[Redacted] with balance $[Redacted]" - Due Diligence Vendor-06/26/2025

Resolved-lender included as a conservative figure but was not a closed loan. resolved with lender comment - Due Diligence Vendor-06/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4569710

XXXXXX-2025-NQM3-990

Closed

FCOM4028

2025-06-26 06:57

2025-06-27 10:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording Evidence of Mortgage recording is missing
- Due Diligence Vendor-06/26/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4568601

XXXXXX-2025-NQM3-991

Closed

FCOM4028

2025-06-25 14:19

2025-06-27 13:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/25/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-06/27/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4562862

XXXXXX-2025-NQM3-991

Closed

FCRE6763

2025-06-25 16:58

Waived

2 - Non-Material

Credit

Income/Employment

Income documentation does not meet guidelines

Waived-*Exception provided for unstable income deposits, $0 deposits in 3 months
*Exception Pg.#113
*Approved with condition: [Redacted] max, 0.25 to price - Due Diligence Vendor-06/25/2025

Revolving debt is under 30%, Residual income >=3000$, 10 years or more in the same line of employment, No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum, Reserves >6 months

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4564447

XXXXXX-2025-NQM3-992

Closed

FPRO1244

2025-06-26 08:30

2025-06-30 08:43

Resolved

1 - Information

Property

Missing Doc

3rd Party Valuation Product is Required and Missing

Resolved-UW Guideline met for value support on a non arm length - Due Diligence Vendor-06/30/2025

Ready for Review-Document Uploaded. Please find attached - Buyer-06/30/2025

Open-Subejct is a NAL transaction. GL requires another value product. - Due Diligence Vendor-06/26/2025

Resolved-UW Guideline met for value support on a non arm length - Due Diligence Vendor-06/30/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4570337

XXXXXX-2025-NQM3-992

Closed

FCOM4028

2025-06-26 07:14

2025-06-26 10:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4568875

XXXXXX-2025-NQM3-992

Closed

FCRE1248

2025-06-26 08:29

2025-06-26 08:53

Waived

2 - Non-Material

Credit

Eligibility

Purchase is not considered to be an Arm's Length Transaction

Waived-Purchase is not considered to be an Arm's Length Transaction Waived-As per guide, Guideline permits a maximum [Redacted] for NAL transactions. Seller and buyer are friends - page 235 in file. FSBO transaction - no purchase agreement or realtors.
*Exception form is provided to allow [Redacted] based on purchase price.
*Approved Conditions: [Redacted] max, with 0.5 to price.
*Exception form is on page # 453 of 673 - Due Diligence Vendor-06/26/2025 - Due Diligence Vendor-06/26/2025

No credit events past 40 months, No mortgage lates last 24 months, 5+ yrs credit history, No consumer lates last 24 months, Credit Score > 40 points above program minimum.

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4570322

XXXXXX-2025-NQM3-993

Closed

FCOM4028

2025-06-26 08:10

2025-06-27 11:15

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4569889

XXXXXX-2025-NQM3-994

Closed

FCOM4028

2025-06-25 15:14

2025-06-26 13:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4563607

XXXXXX-2025-NQM3-994

Closed

FCRE1228

2025-06-25 16:16

2025-06-26 13:41

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Exception for 4 NSFs in the last 12 months and exceeds max NSF charges allowed for income program

Approved with conditions of [Redacted] max, proof that the business is active required (LLC is forfeited according to SOS)

Waiver on page 967 of 1193 - Due Diligence Vendor-06/25/2025

DTI below 45%, Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4564141

XXXXXX-2025-NQM3-995

Closed

FCOM4028

2025-06-26 08:18

2025-06-27 12:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4570103

XXXXXX-2025-NQM3-995

Closed

FVAL5474

2025-06-26 16:05

2025-06-26 16:07

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-*As per Guide projects with 5 to 20 units single entity can own 2 units
*Exception provided for Single entity ownership 78.5% (11 out of 14)
*Exception Pg.#722
*Approved with Condition: +0.25 to price, [Redacted] max - Due Diligence Vendor-06/26/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4579303

XXXXXX-2025-NQM3-996

Closed

FCRE4866

2025-06-27 03:57

2025-07-03 15:06

Resolved

1 - Information

Credit

Eligibility

Audited CLTV exceeds difference from Originator CLTV

Resolved-Support for improvements uploaded and clears finding - Due Diligence Vendor-07/03/2025
Ready for Review-Document Uploaded. Please see all screenshots below  (please note there are many documented improvements documents, each one lists out the amount in the comments of the document).

Please see attached pdf with all the documents in screenshots, totaling $[Redacted]. - Seller-07/02/2025
Counter-cost for improvement and documents to support were not uploaded.   - Due Diligence Vendor-07/01/2025
Ready for Review-Document Uploaded. For this loan there was no settlement statement for the borrower as it was claimed there was never a settlement statement or CD for the borrower, and therefore the document did not exist. For properties being sold it is not always a required document to have a settlement statement/CD. We have provided a google search to show it is not always required

Iin lieu of a settlement statement We have provided equivalent documentation in relation to this. We have a purchase contract, a 1031 exchange for the borrower, and documented improvements.

We have uploaded the purchase contract which shows that the sales price of the property is $[Redacted], along with Documented improvements which add up to a total of $[Redacted] (purchase price + documented improvements)

The 1031 documentation also supports the price that the property was purchased for. - Seller-07/01/2025
Open-Date property acquired is 03/14/2025 verified from Fraud Report page #376 which is less than 12 months but still CLTV qualified with Appraisal Value $[Redacted]. No supporting document to validate Prior Purchase price $[Redacted] reflecting in 1008.
Invoices in Page #908 - 925 & 975 - 995 but Settlement statement missing to validate prior purchase price. - Due Diligence Vendor-06/27/2025

Ready for Review-Document Uploaded. Please see all screenshots below (please note there are many documented improvements documents, each one lists out the amount in the comments of the document).

Please see attached pdf with all the documents in screenshots, totaling $[Redacted]. - Seller-07/02/2025
Ready for Review-Document Uploaded. For this loan there was no settlement statement for the borrower as it was claimed there was never a settlement statement or CD for the borrower, and therefore the document did not exist. For properties being sold it is not always a required document to have a settlement statement/CD. We have provided a google search to show it is not always required

Iin lieu of a settlement statement We have provided equivalent documentation in relation to this. We have a purchase contract, a 1031 exchange for the borrower, and documented improvements.

We have uploaded the purchase contract which shows that the sales price of the property is $[Redacted], along with Documented improvements which add up to a total of $[Redacted](purchase price + documented improvements)

The 1031 documentation also supports the price that the property was purchased for. - Seller-07/01/2025

Resolved-Support for improvements uploaded and clears finding - Due Diligence Vendor-07/03/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4582223

XXXXXX-2025-NQM3-996

Closed

FCRE1152

2025-06-27 03:56

2025-07-01 13:11

Resolved

1 - Information

Credit

Missing Doc

Evidence of Property Tax Missing

Resolved-tax calculation present - Due Diligence Vendor-07/01/2025
Ready for Review-Document Uploaded. The property is new construction, 1.5% of appraised value used $ [Redacted] - Seller-07/01/2025
Open-Missing Evidence of Property Tax Tax certificate is missing in file, tax certificate is present is in file in page #94, 844, 847, 1118, 1121 but Tax amount is not matching with final 1003, final CD & 1008. As of now, Considered Tax amount from 1008 to avoid DSCR discrepancy. - Due Diligence Vendor-06/27/2025

Ready for Review-Document Uploaded. The property is new construction, 1.5% of appraised value used $ [Redacted] - Seller-07/01/2025

Resolved-tax calculation present - Due Diligence Vendor-07/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4582217

XXXXXX-2025-NQM3-996

Closed

FCOM4028

2025-06-27 00:12

2025-07-01 06:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4581361

XXXXXX-2025-NQM3-996

Closed

FVAL5474

2025-06-27 03:15

2025-06-27 10:07

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-The developer may not retain any ownership interest in any of the facilities related to the project per Guidelines page #65 whereas Developer owns 10 units out of 11 per Appraisal Report Page #192, however exception document is in page #962 - Due Diligence Vendor-06/27/2025

No credit events past 40 months-No Credit Events such as Bankruptcy, Foreclosure, Short-Sale, Deed-in-Lieu and Loan Modification in File
5+ years credit history-Oldest tradeline date in CBR page #507 is 10/01/2000
Credit score >40 points than minimum required-Audited FICO 745 and Guideline maximum FICO 700 with difference 153 which is greater than 45

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4582042

XXXXXX-2025-NQM3-996

Closed

FVAL5385

2025-06-27 03:11

2025-06-27 10:05

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Property listed for sale within the last 6 months as per appraisal report page #192, However exception document is in page # 960 - Due Diligence Vendor-06/27/2025

No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #507
Credit score >40 points than minimum required-Audited FICO 745 and Guideline maximum FICO 700 with difference 153 which is greater than 45
Reserves >6 months-Calculated reserves in File is 110.25 months which is > 6 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4582033

XXXXXX-2025-NQM3-997

Closed

FCOM4028

2025-06-27 05:26

2025-06-30 14:38

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4582706

XXXXXX-2025-NQM3-998

Closed

FCRE9991

2025-06-27 11:37

2025-07-01 08:41

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-updated taxes and DSCR is within .05% - Due Diligence Vendor-07/01/2025

Ready for Review-Document Uploaded. Tax amount is 2,098.82/year per Tax Bill Core Logic. - Buyer-06/30/2025

Open-dscr is off bc lender taxes are incorrect. Taxes are $222.97/ mo. DSCR should be 1.204 - Due Diligence Vendor-06/27/2025

Resolved-updated taxes and DSCR is within .05% - Due Diligence Vendor-07/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4588736

XXXXXX-2025-NQM3-998

Closed

FCOM4028

2025-06-26 11:10

2025-06-27 11:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4574173

XXXXXX-2025-NQM3-999

Closed

FCOM4028

2025-06-26 09:12

2025-06-27 10:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4571923

XXXXXX-2025-NQM3-1000

Closed

FCOM4028

2025-06-27 11:16

2025-06-30 09:19

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4588408

XXXXXX-2025-NQM3-1001

Closed

FCOM4028

2025-06-26 07:42

2025-06-27 12:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4569355

XXXXXX-2025-NQM3-1002

Closed

34540-40730

2025-06-27 11:29

2025-07-07 09:06

Resolved

1 - Information

Compliance

Fees:Limited

Indiana - Maximum TIEF Fee

Resolved-resolved with lender explanation. There is an owners and lenders policy of $5 each. this is acceptable. - Due Diligence Vendor-07/07/2025

Ready for Review-Document Uploaded. Please see attached comments provided by Closer and Closing TL - Buyer-07/03/2025

Counter-this is not a PCCD and proof of refund. this does not cure violation - Due Diligence Vendor-07/01/2025

Ready for Review-Document Uploaded. Please see attached updated Final CD provided by the Closer - Buyer-06/30/2025

Open-The Title Insurance Enforcement Fund Fee (TIEFF) under the Indiana Insurance Code must equal $5.00. (Ind. Code 27-7-3.6) Final CD shows Title Insurance Enforcement Fund Fee as $10.00. The Title Insurance Enforcement Fund Fee (TIEFF) under the Indiana Insurance Code must equal $5.00. (Ind. Code 27-7-3.6) - Due Diligence Vendor-06/27/2025

Open- - Due Diligence Vendor-06/27/2025

Resolved-resolved with lender explanation. There is an owners and lenders policy of $5 each. this is acceptable. - Due Diligence Vendor-07/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4588587

XXXXXX-2025-NQM3-1002

Closed

FCOM4028

2025-06-27 10:10

2025-06-27 12:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4587337

XXXXXX-2025-NQM3-1003

Closed

FCOM1208

2025-06-27 11:31

2025-07-01 13:29

Resolved

1 - Information

Compliance

Missing Doc

The Note is Incomplete

Resolved-The Note is Present - Due Diligence Vendor-07/01/2025

Resolved-default rate now present - Due Diligence Vendor-07/01/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-07/01/2025

Open-The Note is Incomplete Default rate Interest addendum to note is missing in file - Due Diligence Vendor-06/27/2025

Resolved-The Note is Present - Due Diligence Vendor-07/01/2025

Resolved-default rate now present - Due Diligence Vendor-07/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4588639

XXXXXX-2025-NQM3-1003

Closed

FCOM4028

2025-06-26 12:33

2025-06-30 14:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4575745

XXXXXX-2025-NQM3-1004

Closed

FCOM4028

2025-06-26 11:30

2025-06-27 10:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4574509

XXXXXX-2025-NQM3-1005

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

XXXXXX-2025-NQM3-1006

Closed

FCOM4028

2025-06-26 13:27

2025-06-30 14:18

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4576768

XXXXXX-2025-NQM3-1006

Closed

FVAL9739

2025-06-26 16:10

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-- As Appraiser comment Floor condition is Fair
- Exception form provided to proceed with loan as floor need repair and condition is fair
-Approved Condition :- [Redacted] and 0.25 to price
-Exception form on pg. no 4 of 156 - Due Diligence Vendor-06/26/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history, No consumer late payments in the last 24 months, Credit score >40 points than minimum required, Experienced investor

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4579345

XXXXXX-2025-NQM3-1007

Closed

FCOM4028

2025-06-29 23:31

2025-06-30 11:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4598079

XXXXXX-2025-NQM3-1008

Closed

FCOM4028

2025-06-28 22:20

2025-06-30 09:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4596007

XXXXXX-2025-NQM3-1009

Closed

FCRE1226

2025-06-27 09:15

2025-07-08 09:28

Resolved

1 - Information

Credit

Missing Doc

Appraisal document is incomplete or partial

Resolved-resolved with revised appr and lender review to confirm is arms length - Due Diligence Vendor-07/08/2025

Ready for Review-Document Uploaded. Please see attached updated appraisal. Revised appraisal verifies that it’s an arm’s length transaction - Buyer-07/08/2025

Open-Information about the transaction is Arm length or not is missing on page #271 of 301 - Due Diligence Vendor-06/27/2025

Resolved-resolved with revised appr and lender review to confirm is arms length - Due Diligence Vendor-07/08/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4586263

XXXXXX-2025-NQM3-1009

Closed

FCOM4028

2025-06-27 07:40

2025-06-30 09:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4584159

XXXXXX-2025-NQM3-1010

Closed

FCOM4028

2025-06-30 02:31

2025-07-03 15:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Ready for Review-- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Buyer-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4598531

XXXXXX-2025-NQM3-1011

Closed

FCOM4028

2025-06-27 07:58

2025-07-01 14:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4584391

XXXXXX-2025-NQM3-1012

Closed

FCOM4028

2025-06-27 07:22

2025-06-30 09:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/30/2025

Open-Missing evidence of Mortgage recording copy in closing pfd is missing page 4 - full copy on page 648. - Due Diligence Vendor-06/27/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4583909

XXXXXX-2025-NQM3-1013

Closed

FCOM4028

2025-06-27 09:11

2025-07-01 12:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4585977

XXXXXX-2025-NQM3-1014

Closed

FCOM4028

2025-06-27 08:40

2025-06-30 13:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4585092

XXXXXX-2025-NQM3-1014

Closed

FCRE8201

2025-06-27 10:32

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-*As per Guide: If the property was acquired less than or equal to twelve (12) months from the note date, the lesser of the current appraised value or purchase price plus documented improvements (if any) will be used to determine LTV/CLTV.
*Exception Provided for to proceed with the appraised value (9 months seasoning)
*Exception pg.#454
*Approved with Condition: 0.5 to price, [Redacted] max, valid form of secondary valuation is required - Due Diligence Vendor-06/27/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, 2+ borrowers on the loan, Credit score >40 points than minimum required

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4587718

XXXXXX-2025-NQM3-1015

Closed

FCOM4028

2025-06-27 13:00

2025-07-01 14:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4590245

XXXXXX-2025-NQM3-1016

Closed

FCRE4678

2025-06-30 11:58

2025-07-09 06:42

Resolved

1 - Information

Credit

Eligibility

Payment shock exceeds guideline

Resolved-rent provided and payment shock within guidelines. - Due Diligence Vendor-07/09/2025

Ready for Review-Document Uploaded. Please see attached comment provided by Sr. UW. The rent payment was added back in our system - Buyer-07/08/2025

Open-unable to test since no rent figure on application - Due Diligence Vendor-06/30/2025

Resolved-rent provided and payment shock within guidelines. - Due Diligence Vendor-07/09/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4605515

XXXXXX-2025-NQM3-1016

Closed

FCOM4028

2025-06-30 09:49

2025-07-01 12:50

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4603132

XXXXXX-2025-NQM3-1017

Closed

123ABJ

2025-06-27 14:07

2025-07-03 15:11

Resolved

1 - Information

Credit

Missing Doc

Missing VVOE dated within 10 days consummation

Resolved-Received VOE - Due Diligence Vendor-07/03/2025

Ready for Review-Document Uploaded. The file was closed on 6/26, the VOE was completed on 6/12, we count 10 business days (Monday through Friday, no weekends and major holidays) thus this VOE was valid thru 6/26. - Buyer-07/03/2025

Open-VVOE for borrower #2 available on page #22 of 161 is not within 10 days of note date.
- Due Diligence Vendor-06/27/2025

Resolved-Received VOE - Due Diligence Vendor-07/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4591474

XXXXXX-2025-NQM3-1017

Closed

FCOM4028

2025-06-27 12:00

2025-07-02 14:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4589074

XXXXXX-2025-NQM3-1018

Closed

FCOM4028

2025-06-27 11:40

2025-07-02 14:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4588779

XXXXXX-2025-NQM3-1019

Closed

FCOM4028

2025-06-30 07:41

2025-07-01 14:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

4600478

XXXXXX-2025-NQM3-1020

Closed

FCOM4028

2025-06-27 14:24

2025-07-02 15:00

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4591645

XXXXXX-2025-NQM3-1020

Closed

FCRE1200

2025-06-27 16:47

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-*As per Guide Loan amount should be more than [Redacted]
*Exception provided for Loan amount less than [Redacted]
*Exception pg.#522
*Approved with Condition: [Redacted] MAX & 0.25 to price - Due Diligence Vendor-06/27/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4593036

XXXXXX-2025-NQM3-1021

ATR/QM: Exempt

[Redacted]

Investment

Purchase

XXXXXX-2025-NQM3-1022

Closed

FCOM4028

2025-06-30 15:03

2025-07-01 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4608372

XXXXXX-2025-NQM3-1023

Closed

FCOM4028

2025-06-29 22:07

2025-07-01 22:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4597864

XXXXXX-2025-NQM3-1024

Closed

FCOM4028

2025-06-30 07:01

2025-07-01 22:13

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4599912

XXXXXX-2025-NQM3-1025

Closed

FCOM1223

2025-06-30 12:12

2025-07-03 15:17

Resolved

1 - Information

Compliance

Closing

The Deed of Trust is Not Executed

Resolved-Received signature of Deed of Trust - Due Diligence Vendor-07/03/2025

Ready for Review-Document Uploaded. The attached PDF wet singed document - mortgage. The mortgage deed has all of its pages. Signature page 17 is there , it is signed, but the page number at the bottom did not copy when scanned. - Buyer-07/03/2025

Open-The Deed of Trust is Not Executed DOT Sign page #17 is missing in file. Unable to verify Borrower Signature in DOT - Due Diligence Vendor-06/30/2025

Resolved-Received signature of Deed of Trust - Due Diligence Vendor-07/03/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4605729

XXXXXX-2025-NQM3-1025

Closed

FCOM4028

2025-06-30 07:08

2025-07-03 15:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4600018

XXXXXX-2025-NQM3-1026

Closed

FCOM4028

2025-06-30 05:13

2025-07-08 06:30

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Unable to Resolve-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/08/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4599007

XXXXXX-2025-NQM3-1027

Closed

FCOM4028

2025-06-30 08:27

2025-07-01 22:20

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4601258

XXXXXX-2025-NQM3-1028

Closed

FCRE1995

2025-06-30 02:10

2025-07-01 13:32

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-07/01/2025

Ready for Review-Document Uploaded. EMD was backed out - Buyer-07/01/2025

Open-Please Provide Earnest Money Deposit verification of $10,000 as it is missing in the File. - Due Diligence Vendor-06/30/2025

Resolved-resolved with lender comments. EMD backed out - Due Diligence Vendor-07/01/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4598495

XXXXXX-2025-NQM3-1028

Closed

FCOM4028

2025-06-30 01:01

2025-06-30 09:21

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4598312

XXXXXX-2025-NQM3-1029

Closed

FCRE9991

2025-06-30 09:53

2025-07-09 07:09

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-tape updated and DTI now matches 14.86 - Due Diligence Vendor-07/09/2025
Ready for Review-Document Uploaded. Updated HOA and DTI - Buyer-07/08/2025
Open-*DTI is off by 2.28%
DTI should be 14.86%. Approval is 12.58%. PITIA is $34,920.99 + Debts from Credit report of $4,289.00 + negative rents used of $2,075.70 / Income of [Redacted]= 14.86%
Reason: Lender has incorrectly considered monthly HOA of $574.27, verified doc on page #359, monthly HOA is $6891.18 - Due Diligence Vendor-06/30/2025

Resolved-tape updated and DTI now matches 14.86 - Due Diligence Vendor-07/09/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4603205

XXXXXX-2025-NQM3-1029

Closed

FCOM4028

2025-06-30 07:27

2025-07-01 22:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4600233

XXXXXX-2025-NQM3-1029

Closed

FCRE2828

2025-06-30 09:43

Waived

2 - Non-Material

Credit

Eligibility

Loan Modification and Program Does Not Allow This

Waived-As per guide, Credit Event in past 48 months not allowed.
*Exception form is provided for Modification for extension of 4/2025
*Approved as is.
*Exception form is on page #529 - Due Diligence Vendor-06/30/2025

Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No consumer late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4603036

XXXXXX-2025-NQM3-1029

Closed

FCRE8611

2025-06-30 09:38

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-As per guide, income must be stable.
*Exception form is provided to allow income unstable due to business large income.
*Exception form is on page #528
*Approved Conditions: 0.25 to price
- Due Diligence Vendor-06/30/2025

5 years on current Job, DTI>=10% lower than loan program; 10 years or more in the same line of employment; No credit events past 40 months; LTV 10% below minimum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

4602907

XXXXXX-2025-NQM3-1030

Closed

FCOM4028

2025-06-30 08:10

2025-07-01 22:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/30/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/02/2025

QM: Higher Priced APOR (APOR HP)

[Redacted]

Primary Residence

Purchase

N/A

4600971

XXXXXX-2025-NQM3-1031

Closed

FCOM4028

2025-06-30 07:45

2025-07-02 15:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4600546

XXXXXX-2025-NQM3-1031

Closed

FCRE1437

2025-06-30 11:16

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Income and Employment Do Not Meet Guidelines Per Guide: All parties listed on each bank account must also be borrowers on the loan
Exception form provided to allow Our borrower is the only income earner
Exception form page#498
Approved With Conditions: 0.25 to price, [Redacted] max - Due Diligence Vendor-06/30/2025

Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, No mortgage late payments in the last 24 months, No consumer late payments in the last 24 months, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves >6 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4604656

XXXXXX-2025-NQM3-1032

Closed

FCRE1316

2025-06-30 11:13

2025-07-10 07:07

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-proof of recent business existence now present - Due Diligence Vendor-07/10/2025
Ready for Review-Document Uploaded. All VOE’s have been uploaded. [Redacted] is not required as it is negative income. - Buyer-07/09/2025
Open- - missing VOE's for [Redacted], [Redacted], [Redacted] and [Redacted]. - Due Diligence Vendor-06/30/2025

Resolved-proof of recent business existence now present - Due Diligence Vendor-07/10/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4604601

XXXXXX-2025-NQM3-1032

Closed

FCOM1233

2025-07-02 07:07

2025-07-03 15:22

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-1003 uploaded with corrections - Due Diligence Vendor-07/03/2025
Ready for Review-Document Uploaded. That is when the business was incorporated - Buyer-07/02/2025
Open-Final 1003 Employment start date is showing [Redacted] which is prior to Borrowers birthdate of [Redacted]. Please update - Due Diligence Vendor-07/02/2025

Resolved-1003 uploaded with corrections - Due Diligence Vendor-07/03/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4628513

XXXXXX-2025-NQM3-1032

Closed

FCOM4028

2025-06-30 09:44

2025-07-01 11:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4603049

XXXXXX-2025-NQM3-1033

Closed

FCOM4028

2025-06-30 08:26

2025-07-01 11:36

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4601226

XXXXXX-2025-NQM3-1034

Closed

FCOM4028

2025-07-01 07:15

2025-07-02 10:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4613616

XXXXXX-2025-NQM3-1035

Closed

FCOM4028

2025-06-30 07:07

2025-07-01 09:55

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4600005

XXXXXX-2025-NQM3-1036

Closed

FCOM4028

2025-06-30 09:51

2025-07-01 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4603167

XXXXXX-2025-NQM3-1037

Closed

FCOM4028

2025-06-30 12:22

2025-07-02 15:12

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4605877

XXXXXX-2025-NQM3-1037

Closed

FCRE3599

2025-06-30 15:13

2025-06-30 15:15

Waived

2 - Non-Material

Credit

Eligibility

Borrower owns more financed properties than allowed per guidelines

Waived-As per guide, maximum of 5 loans with our lender, for each borrower in 6 months span is allowed.
Exception form is provided to allow 5+ loans for the same borrower with our lender.
Exception form is on page #352 of 757
Approved Conditions: [Redacted] max, 3Y PPP
- Due Diligence Vendor-06/30/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

Originator Pre-Close

Yes

4608487

XXXXXX-2025-NQM3-1038

Closed

FCOM4028

2025-06-30 12:03

2025-07-01 14:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Second Home

Refinance

Cash Out - Other

N/A

4605580

XXXXXX-2025-NQM3-1039

Closed

FCOM4028

2025-06-30 10:58

2025-07-02 20:16

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4604358

XXXXXX-2025-NQM3-1040

Closed

FCOM4028

2025-06-30 13:36

2025-07-01 15:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4607087

XXXXXX-2025-NQM3-1041

Closed

2260

2025-07-01 09:51

2025-07-02 09:19

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments. - Due Diligence Vendor-07/02/2025

Ready for Review-Document Uploaded. According to our system, there is no prepayment penalty for this loan. Please see attached Lock form - Buyer-07/01/2025

Open-confirm none - Due Diligence Vendor-07/01/2025

Resolved-resolved with lender comments. - Due Diligence Vendor-07/02/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4617152

XXXXXX-2025-NQM3-1041

Closed

FCOM4028

2025-06-30 09:59

2025-07-01 09:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4603303

XXXXXX-2025-NQM3-1042

Closed

FCOM4028

2025-06-30 10:46

2025-07-02 11:01

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4604102

XXXXXX-2025-NQM3-1043

Closed

FCRE1995

2025-07-01 05:40

2025-07-07 13:26

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comments emd backed out - Due Diligence Vendor-07/07/2025

Ready for Review-The EMD was backed out of the available funds - Buyer-07/07/2025

Open-Earnest Deposit of $1,000 is reflecting in final CD(page #25 of signed closing pkg) and Final 1003(page #32 of signed closing pkg) supporting documents are missing in file - Due Diligence Vendor-07/01/2025

Resolved-resolved with lender comments emd backed out - Due Diligence Vendor-07/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4612782

XXXXXX-2025-NQM3-1043

Closed

FCOM4028

2025-07-01 04:08

2025-07-03 07:58

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4612263

XXXXXX-2025-NQM3-1044

Closed

FCOM4028

2025-07-01 10:10

2025-07-02 11:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4617528

XXXXXX-2025-NQM3-1045

Closed

FCOM4028

2025-06-30 16:02

2025-07-02 10:04

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4608924

XXXXXX-2025-NQM3-1046

Closed

FCRE1491

2025-06-30 15:43

2025-07-07 13:27

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-proof gift was sent now present - Due Diligence Vendor-07/07/2025

Ready for Review-Document Uploaded. - Buyer-07/07/2025

Open-Asset Qualification Does Not Meet Guideline Requirements Gift Deposited to Escrow: $9400, only gift letter is on page #134, 135 of 473, Donor source is missing in file - Due Diligence Vendor-06/30/2025

Resolved-proof gift was sent now present - Due Diligence Vendor-07/07/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4608815

XXXXXX-2025-NQM3-1046

Closed

FCRE1252

2025-06-30 14:54

2025-07-03 15:21

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-Title Document is Provided And Complete - Due Diligence Vendor-07/03/2025

Resolved-Full title commitment received - Due Diligence Vendor-07/03/2025

Ready for Review-Document Uploaded. - Buyer-07/03/2025

Open-Title Document is Incomplete Only schedule A is available on page #77 of 473, rest of the schedules are missing. - Due Diligence Vendor-06/30/2025

Resolved-Title Document is Provided And Complete - Due Diligence Vendor-07/03/2025

Resolved-Full title commitment received - Due Diligence Vendor-07/03/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4608236

XXXXXX-2025-NQM3-1046

Closed

FCOM4028

2025-06-30 13:42

2025-07-02 20:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4607200

XXXXXX-2025-NQM3-1046

Closed

FCRE1200

2025-06-30 16:04

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-As per guide, Guideline Minimum Loan Amount is [Redacted]
*Exception form is provided to allow ok with [Redacted].
*Approved Conditions: 0.5 to price, [Redacted] max, ok with [Redacted]
*Exception form is on page #23 of 473 - Due Diligence Vendor-06/30/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4608941

XXXXXX-2025-NQM3-1046

Closed

FVAL9739

2025-06-30 16:03

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-As per guide, Any projects with significant deferred maintenance to mark repairs due to unsafe conditions are not eligible.
*Exception form is provided to allow Currently 65 units are 60+ days late; . Deferred maintenance is projected to be completed this year.
*Approved Conditions: 0.5 to price, [Redacted] max, ok with [Redacted]
*Exception form is on page #23 of 473 - Due Diligence Vendor-06/30/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4608930

XXXXXX-2025-NQM3-1046

Closed

FVAL5474

2025-06-30 15:56

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-As per guide, HOA is not party to an active or pending litigation that would disqualify the property from a limited review.
*Exception form is provided to allow Litigation is related to a small $[Redacted]claim, the Association has enough in their budget to cover this.
*Approved Conditions: 0.5 to price, [Redacted] max, ok with [Redacted]
*Exception form is on page #23 of 473 - Due Diligence Vendor-06/30/2025

Waived-As per guide, HOA is not party to an active or pending litigation that would disqualify the property from a limited review.
*Exception form is provided to allow Litigation is related to a small $30,000 claim, the Association has enough in their budget to cover this.
*Approved Conditions: 0.5 to price, [Redacted] max, ok with [Redacted]
*Exception form is on page #23 of 473 - Due Diligence Vendor-06/30/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, No mortgage late payments in the last 24 months, 5+ years credit history

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4608878

XXXXXX-2025-NQM3-1047

Closed

FCOM4028

2025-07-01 11:38

2025-07-02 05:54

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/02/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-07/01/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4619205

XXXXXX-2025-NQM3-1048

Closed

FCOM4028

2025-07-01 07:13

2025-07-02 11:48

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4613600

XXXXXX-2025-NQM3-1048

Closed

FPRO116

2025-07-01 08:35

Waived

2 - Non-Material

Property

Other Property/Value Finding

Waived-Waived-As per guide, Guideline requires critical repairs be completed.
*Exception form is provided to allow subject condo complex, managed by FNMA, to have outstanding critical repairs related to elevator modernization, garage waterproofing, parking deck waterproofing, 40 yr concrete recertification for balconys,fire equipment replacement. Some info on page 399. Also minor litigation regarding plumbing failures.
*Approved Conditions: ok to proceed with limited review.
*Exception form is on page # 634 of 716 - Due Diligence Vendor-07/01/2025. - Due Diligence Vendor-07/01/2025

Credit Score > 40 points above program minimum, Bwr contribution exceeds requirement >=5%, LTV 10% below Full review maximum. No consumer lates last 24 months.

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4615101

XXXXXX-2025-NQM3-1049

Closed

FCOM4028

2025-07-01 13:17

2025-07-02 11:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4621159

XXXXXX-2025-NQM3-1049

Closed

FCRE1174

2025-07-01 15:04

Waived

2 - Non-Material

Credit

Missing Doc

Master Condo Insurance Policy is Partial

Waived-Master doesn't include Building Ordinance or Law endorsement as required by guidelines
pg 475
- Due Diligence Vendor-07/01/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4623211

XXXXXX-2025-NQM3-1050

Closed

FCOM4028

2025-07-02 00:30

2025-07-03 08:31

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4626743

XXXXXX-2025-NQM3-1051

Closed

FCOM4028

2025-07-01 09:02

2025-07-02 12:06

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4615676

XXXXXX-2025-NQM3-1052

Closed

FCOM4028

2025-07-02 08:54

2025-07-03 14:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4630223

XXXXXX-2025-NQM3-1052

Closed

FVAL5474

2025-07-02 10:23

Waived

2 - Non-Material

Property

Condo project is ineligible

Waived-420 sq ft unit- does not meet minimum sq ft requirement
Comments Hello Team, that's extremely good loan, with amazing full doc income, credit and value. It's been structured
perfectly even before the application, and when we checked the [Redacted] approval - there were no exceptions
required. This partner is really close to me, and this loan is completely clean besides the issue with the sq
ft. If there is anything we can do to help, I'd really appreciate it. Thank you! - Due Diligence Vendor-07/02/2025

Revolving debt is under 30%, 5 years on current job, Residual income >=3000$, DTI >=10% lower than loan program, 10 years or more in
the same line of employment, No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24
months, LTV 10% below maximum, Credit score >40 points than minimum required
Pg. 70

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4633308

XXXXXX-2025-NQM3-1053

Closed

FCRE9488

2025-07-02 11:28

2025-07-07 13:32

Resolved

1 - Information

Credit

Borrower

Potential Occupancy/Current Address Issues identified in the file

Resolved-resolved with lender comments - Due Diligence Vendor-07/07/2025

Ready for Review-Document Uploaded. The mailing address is matching the subject property address, all required perils are covered, HOI is 100% RC. Those are the things we’ve in the guidelines for non QM and they all have been addressed. - Buyer-07/07/2025

Open-confirm occupancy reviewed and accepted. Insurance is a landlord policy. - Due Diligence Vendor-07/02/2025

Resolved-resolved with lender comments - Due Diligence Vendor-07/07/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4634301

XXXXXX-2025-NQM3-1053

Closed

FCOM4028

2025-07-02 10:41

2025-07-03 13:56

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4633571

XXXXXX-2025-NQM3-1053

Closed

FCRE1228

2025-07-02 11:27

Waived

2 - Non-Material

Credit

Debt

Non-Sufficient Fund (NSF) Occurrences Higher Than Program Allowance

Waived-Daily negative balance instances > 3. exceeds max NSF charges allowed for income bank statement program
Comments 3 instances of overdrafts and 4 instances of daily negative balance. 5+ years credit history, no credit events
or mortgage lates, requesting to proceed please. Thank you - Due Diligence Vendor-07/02/2025

No credit events past 40 months, No mortgage late payments in the last 24 months, 5+ years credit history
Pg. 403

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4634290

XXXXXX-2025-NQM3-1054

Closed

FCOM4028

2025-07-01 09:27

2025-07-02 12:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4616703

XXXXXX-2025-NQM3-1055

Closed

FCOM4028

2025-07-01 10:48

2025-07-02 12:52

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4618260

XXXXXX-2025-NQM3-1056

Closed

FCOM1159

2025-07-01 13:00

2025-07-03 15:10

Resolved

1 - Information

Compliance

TRID

TRID: Loan Estimate not received by the borrower at least 4 days prior to consummation

Resolved-Evidence received of electronic delivery - Due Diligence Vendor-07/03/2025

Ready for Review-Document Uploaded. - Buyer-07/03/2025

Open-Provide evidence that Revised Loan Estimate issues on 06/24/2025 was sent electronically - Due Diligence Vendor-07/01/2025

Resolved-Evidence received of electronic delivery - Due Diligence Vendor-07/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4620868

XXXXXX-2025-NQM3-1056

Closed

FCOM4028

2025-07-01 09:36

2025-07-03 07:59

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4616904

XXXXXX-2025-NQM3-1056

Closed

FVAL5472

2025-07-01 12:57

Waived

2 - Non-Material

Property

Property or house size is outside of guidelines

Waived-Per Guide: Maximum acreage is 10 acres
Exception form provided to allow 10.15 acres
Exception form page#407 of 463
Approved With Conditions: 0.125 to price - Due Diligence Vendor-07/01/2025

Residual income >=3000$, DTI >=10% lower than loan program, No credit events past 40 months, LTV 10% below maximum

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4620797

XXXXXX-2025-NQM3-1057

Closed

FCOM4028

2025-07-01 11:10

2025-07-03 14:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/01/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4618678

XXXXXX-2025-NQM3-1058

Closed

FCOM4028

2025-07-01 22:25

2025-07-03 08:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4626425

XXXXXX-2025-NQM3-1059

Closed

FCOM4028

2025-07-02 05:39

2025-07-03 09:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4627721

XXXXXX-2025-NQM3-1060

Closed

FCOM4028

2025-07-02 08:29

2025-07-03 13:23

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4629714

XXXXXX-2025-NQM3-1061

Closed

FCOM4028

2025-07-02 08:50

2025-07-07 13:33

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/07/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-07/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4630164

XXXXXX-2025-NQM3-1062

Closed

FCOM4028

2025-07-01 14:28

2025-07-03 13:26

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Second Home

Purchase

N/A

4622618

XXXXXX-2025-NQM3-1063

Closed

FCRE1491

2025-07-01 15:51

2025-07-10 07:08

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-proof 15k gift received now present - Due Diligence Vendor-07/10/2025

Ready for Review-Document Uploaded. Please see attached - Buyer-07/09/2025

Open-Asset Qualification Does Not Meet Guideline Requirements Gift deposited to escrow $15,000 refer page#22, Source Document of $15,000 is missing - Due Diligence Vendor-07/01/2025

Resolved-proof 15k gift received now present - Due Diligence Vendor-07/10/2025

[Redacted]

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4623721

XXXXXX-2025-NQM3-1063

Closed

FCOM4028

2025-07-01 14:01

2025-07-03 13:35

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4622016

XXXXXX-2025-NQM3-1064

Closed

2260

2025-07-07 10:28

2025-07-08 10:01

Resolved

1 - Information

Compliance

Mavent

Prepayment: Penalty

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-07/08/2025

Ready for Review-As per lock confirmation -no PPP. - Buyer-07/07/2025

Open-confirm none - Due Diligence Vendor-07/07/2025

Resolved-resolved with lender comments, no prepay - Due Diligence Vendor-07/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4690823

XXXXXX-2025-NQM3-1064

Closed

FCOM4028

2025-07-03 01:12

2025-07-07 10:53

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4646719

XXXXXX-2025-NQM3-1065

Closed

FCRE1437

2025-07-06 09:48

2025-07-08 12:19

Resolved

1 - Information

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Resolved-self employment narrative from lender was signed by CPA so accepted as proof - Due Diligence Vendor-07/08/2025

Ready for Review-We had CPA letter on file stating that borrower is SE from 2017.(page 561 of uploaded credit package)SChedule C is not required since doc type is 12 M bank statement - Buyer-07/08/2025

Open-Income and Employment Do Not Meet Guidelines missing proof of sch C and 2 years in same line of work. Need CPA letter to state sch C and how long employed ( at least 2 years) or EIN letter and most recent filing and proof when business was opened. - Due Diligence Vendor-07/06/2025

Resolved-self employment narrative from lender was signed by CPA so accepted as proof - Due Diligence Vendor-07/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4671497

XXXXXX-2025-NQM3-1065

Closed

FCOM4028

2025-07-06 09:16

2025-07-07 16:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4671485

XXXXXX-2025-NQM3-1066

Closed

FVAL1039

2025-07-07 12:40

2025-07-09 09:03

Resolved

1 - Information

Property

Value

Appraised value unsupported

Resolved-lender provided a desk review for further support and value is supported. - Due Diligence Vendor-07/09/2025
Ready for Review-Document Uploaded. Please disregard Second appraisal.
Uploaded first appraisal and CDA for a second valuation product. - Buyer-07/08/2025
Open-Missing supporting value for $[Redacted]. Second appraisal in file is showing different square footage for each unit. - Due Diligence Vendor-07/07/2025

Resolved-lender provided a desk review for further support and value is supported. - Due Diligence Vendor-07/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4693876

XXXXXX-2025-NQM3-1066

Closed

FPRO1251

2025-07-03 01:52

2025-07-08 12:26

Waived

2 - Non-Material

Property

Property Zoning Does Not Meet Program Requirements

Waived-Subject property is in Commercial Improvement Zoning per Appraisal Report in Page #218 which is not allowed per Guidelines, however exception document is in page #522 - Due Diligence Vendor-07/03/2025

No mortgage late payments in the last 24 months-No Mortgage late payments in CBR Page #619. Last mortgage late payment is on 11/2018.
5+ years credit history-Oldest tradeline date in CBR page #619 is 12/01/2006
No credit events in past 40 months

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4646850

XXXXXX-2025-NQM3-1066

Closed

FCRE8800

2025-07-03 14:40

2025-07-08 12:26

Resolved

1 - Information

Credit

Eligibility

Compensating Factors are insufficient to approve Exception Waiver

Resolved-valid 3rd comp factor now provided - Due Diligence Vendor-07/08/2025
Ready for Review-Document Uploaded. Exception form has been updated.

removed compensating factor - LTV [Redacted]% below maximum

replaced with - No credit events in past 40 months - Buyer-07/08/2025
Open-Exception in Page #522 has only 2 valid compensating factors that are in line with file. Please provide additional valid Compensating factors to consider the Exception document. Below are invalid Comp Factors -
1. LTV 10% below maximum - Calculated CLTV and Maximum CLTV is same with Guideline Minimum Loan Amount is - Due Diligence Vendor-07/03/2025

Resolved-valid 3rd comp factor now provided - Due Diligence Vendor-07/08/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4661803

XXXXXX-2025-NQM3-1066

Closed

FCOM4028

2025-07-02 22:50

2025-07-07 12:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4646285

XXXXXX-2025-NQM3-1067

Closed

FCOM4028

2025-07-02 12:03

2025-07-08 10:03

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-loan closed with in 60 days not available yet - Due Diligence Vendor-07/08/2025

Ready for Review-- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Buyer-07/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-loan closed with in 60 days not available yet - Due Diligence Vendor-07/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4635003

XXXXXX-2025-NQM3-1068

Closed

FCRE1995

2025-07-03 05:00

2025-07-09 09:07

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-resolved with lender comment, EMD backed out - Due Diligence Vendor-07/09/2025

Ready for Review-Document Uploaded. EMD $2,000 had been backed out from the ending balance WF acc 1533:

- Buyer-07/08/2025

Open-Please Provide Earnest Money Deposit of $2,000 as it is missing in the File. - Due Diligence Vendor-07/03/2025

Resolved-resolved with lender comment, EMD backed out - Due Diligence Vendor-07/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4647549

XXXXXX-2025-NQM3-1068

Closed

FCOM4028

2025-07-03 03:45

2025-07-07 12:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4647120

XXXXXX-2025-NQM3-1069

Closed

FCRE1148

2025-07-03 04:03

2025-07-09 12:52

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Title Coverage Amount of $[Redacted] is equal to or greater than Total Amount of Subject Lien(s) $[Redacted]- Due Diligence Vendor-07/09/2025
Resolved-corrected title coverage now present - Due Diligence Vendor-07/09/2025
Ready for Review-Document Uploaded. uploaded title with an appropriate coverage amount. - Buyer-07/09/2025
Open-Title Coverage Amount of $[Redacted] is Less than Total Amount of Subject Lien(s) of $[Redacted]- Due Diligence Vendor-07/03/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4647217

XXXXXX-2025-NQM3-1069

Closed

FCOM4028

2025-07-03 02:35

2025-07-07 13:41

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4646953

XXXXXX-2025-NQM3-1070

Closed

FCOM4028

2025-07-03 05:37

2025-07-07 16:43

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/07/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4647811

XXXXXX-2025-NQM3-1071

Closed

FCOM9970

2025-07-02 10:00

2025-07-08 10:37

Resolved

1 - Information

Compliance

Missing Doc

Missing Compliance Documentation Unable to Test Compliance

Resolved-This is acceptable. - Due Diligence Vendor-07/08/2025

Ready for Review-uploaded to the other condition - Buyer-07/07/2025

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Unable to test Compliance without the Final Closing Disclosure. - Due Diligence Vendor-07/02/2025

Resolved-This is acceptable. - Due Diligence Vendor-07/08/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4633001

XXXXXX-2025-NQM3-1071

Closed

FCOM1544

2025-07-02 09:07

2025-07-08 10:36

Resolved

1 - Information

Compliance

Missing Doc

TRID: Missing Closing Disclosure

Resolved-This is acceptable. - Due Diligence Vendor-07/08/2025

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-07/08/2025

Resolved-final CD now present - Due Diligence Vendor-07/08/2025

Ready for Review-Document Uploaded. uploaded - Buyer-07/07/2025

Open-TRID: Missing Final Closing Disclosure Missing CD from file - inputted 1008 amt to get cash to close. - Due Diligence Vendor-07/02/2025

[Redacted]

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4630457

XXXXXX-2025-NQM3-1071

Closed

FCOM4028

2025-07-02 08:53

2025-07-03 14:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4630222

XXXXXX-2025-NQM3-1072

Closed

FCRE9991

2025-07-07 05:10

2025-07-09 09:12

Resolved

1 - Information

Credit

Data

Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data

Resolved-DSCR now matches as updated tape provided - Due Diligence Vendor-07/09/2025

Ready for Review-Document Uploaded. updated tape uploaded - Buyer-07/08/2025

Open-Originator DSCR 1.365 not matching with calculated DSCR 1.363 with variance 0.002
Calculated rent amount from [Redacted] document in Page 547.
Rent amount $3,862.50 / PITIA $2834.58= 1.363 - Due Diligence Vendor-07/07/2025

Resolved-DSCR now matches as updated tape provided - Due Diligence Vendor-07/09/2025

[Redacted]

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4673700

XXXXXX-2025-NQM3-1072

Closed

FCOM4028

2025-07-07 00:42

2025-07-07 13:51

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4672962

XXXXXX-2025-NQM3-1073

Closed

FCOM4028

2025-07-02 08:09

2025-07-03 14:29

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4629395

XXXXXX-2025-NQM3-1074

Closed

FCOM4028

2025-07-02 07:11

2025-07-03 14:32

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4628554

XXXXXX-2025-NQM3-1074

Closed

FVAL3954

2025-07-02 08:28

Waived

2 - Non-Material

Property

Property Damage

Waived-Waived-As per guide, Guideline requires property / structural damage to be repaired prior to closing.
*Exception form is provided to allow some structural damage to the condo project - Units area not affected. Page 252/253.
*Approved Conditions: [Redacted] max, 0.25 to price.
*Exception form is on page # 645 of 799 - Due Diligence Vendor-07/02/2025 - Due Diligence Vendor-07/02/2025

No credit events past 40 months, No mortgage lates last 24 months, No consumer lates last 24 months, LTV 10% below program maximum.

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4629703

XXXXXX-2025-NQM3-1075

Closed

FCOM4028

2025-07-02 10:17

2025-07-03 14:37

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4633244

XXXXXX-2025-NQM3-1076

Closed

FCOM4028

2025-07-02 11:10

2025-07-03 14:39

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4633935

XXXXXX-2025-NQM3-1077

Closed

FCOM4028

2025-07-03 00:06

2025-07-07 13:45

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Cash Out - Other

N/A

4646535

XXXXXX-2025-NQM3-1078

Closed

FCOM4028

2025-07-02 12:23

2025-07-03 14:42

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/02/2025

Resolved-Loan closed in less 60 days - Due Diligence Vendor-07/03/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4635477

XXXXXX-2025-NQM3-1079

Closed

FCOM4028

2025-07-06 10:41

2025-07-07 14:10

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4671561

XXXXXX-2025-NQM3-1080

Closed

FCOM4028

2025-07-03 04:30

2025-07-03 14:46

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/03/2025

Resolved-Loan closed in less than 60 days - Due Diligence Vendor-07/03/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4647409

XXXXXX-2025-NQM3-1081

Closed

FCRE1995

2025-07-03 14:33

2025-07-09 10:02

Resolved

1 - Information

Credit

Assets

Evidence of Earnest Money Deposit is Partial or Missing

Resolved-EMD backed out - resolved with lender comments - Due Diligence Vendor-07/09/2025

Ready for Review-Please disregard, EMD was back out - Buyer-07/08/2025

Open-Please provide supporting document to verify EMD of $2,000 which is reflecting in final CD#19_Signed closing pkg.pdf - Due Diligence Vendor-07/03/2025

Resolved-EMD backed out - resolved with lender comments - Due Diligence Vendor-07/09/2025

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4661708

XXXXXX-2025-NQM3-1081

Closed

FCOM4028

2025-07-03 12:53

2025-07-07 14:14

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4656039

XXXXXX-2025-NQM3-1082

Closed

FCOM4028

2025-07-06 09:17

2025-07-07 14:34

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4671486

XXXXXX-2025-NQM3-1083

Closed

FCOM4028

2025-07-06 11:28

2025-07-07 14:47

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Purchase

N/A

4671599

XXXXXX-2025-NQM3-1084

Bank of America, N.A.

Closed

FCOM4028

2025-07-06 11:12

2025-07-10 07:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/10/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-07/10/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2025

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

N/A

4671589

XXXXXX-2025-NQM3-1084

Bank of America, N.A.

Closed

FCRE9387

2025-07-06 11:58

Waived

2 - Non-Material

Credit

Eligibility

Loan amount exceeds maximum allowed per program guidelines

Waived-Waived-As per guide, FTHB Max Loan Amount = $[Redacted]
*Exception form is provided to allow loan amount of $[Redacted]
*Approved Conditions: 0.25 to price
*Exception form is on page # 401 of 505 - Due Diligence Vendor-07/06/2025 - Due Diligence Vendor-07/06/2025

DTI >=10% lower than loan program, No credit events past 40 months, No consumer late payments in the last 24 months

QM: Safe Harbor APOR (APOR SH)

[Redacted]

Primary Residence

Purchase

Originator Pre-Close

Yes

4671631

XXXXXX-2025-NQM3-1085

Closed

FCOM4028

2025-07-07 10:05

2025-07-08 09:24

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Purchase

N/A

4690449

XXXXXX-2025-NQM3-1086

Closed

FCOM4028

2025-07-07 07:55

2025-07-10 07:09

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/10/2025

Ready for Review-The mortgage has not been recorded yet. The recorded mortgage will be sent upon the receipt. - Buyer-07/10/2025

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/07/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4676264

XXXXXX-2025-NQM3-1086

Closed

FVAL5385

2025-07-07 09:02

Waived

2 - Non-Material

Property

Property has been listed for sale in the past 6 months

Waived-Waiver for property being listed within the last 6 months

Approved with conditions of +0.25 to price, [Redacted] max

Waiver on page 260 of 337 - Due Diligence Vendor-07/07/2025

No credit events past 40 months, 5+ years credit history, No consumer late payments in the last 24 months, LTV 10% below maximum,
DSCR >1.25, AVM 97% confidence

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4688169

XXXXXX-2025-NQM3-1087

Closed

FCOM4028

2025-07-03 13:21

2025-07-07 14:49

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Non-QM: Lender documented all ATR UW factors

[Redacted]

Primary Residence

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

N/A

4656489

XXXXXX-2025-NQM3-1088

Closed

FCOM4028

2025-07-06 09:20

2025-07-07 11:44

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4671488

XXXXXX-2025-NQM3-1088

Closed

FCRE1200

2025-07-06 10:10

2025-07-06 10:16

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Waived-As per guide, Guideline minimum loan amount for program is [Redacted]
*Exception form is provided to allow [Redacted] at [Redacted]
*Approved Conditions: [Redacted] max, .025 to price
*Exception form is on page # 466 of 532 - Due Diligence Vendor-07/06/2025 - Due Diligence Vendor-07/06/2025

No credit events past 40 months, 5+ yrs credit history, Credit Score > 40 points above program minimum, No mortgage lates last 24 months.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4671526

XXXXXX-2025-NQM3-1088

Closed

FCRE7009

2025-07-06 10:14

2025-07-06 10:16

Waived

2 - Non-Material

Credit

Insurance

Hazard insurance dwelling coverage is not sufficient

Waived-Waived-As per guide, Guideline requires Hazard insurance provide loss replacement coverage.
*Exception form is provided to allow policy with Repair Cost coverage in lieu of RCV.
*Approved Conditions: [Redacted] max, ok with [Redacted], .025 to price
*Exception form is on page # 466 of 532 - Due Diligence Vendor-07/06/2025 - Due Diligence Vendor-07/06/2025

No credit events past 40 months, 5+ yrs credit history, Credit Score > 40 points above program minimum, No mortgage lates last 24 months.

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

Originator Pre-Close

Yes

4671528

XXXXXX-2025-NQM3-1089

Closed

FCOM4028

2025-07-08 10:26

2025-07-09 13:25

Resolved

1 - Information

Credit

Missing Doc

Missing evidence Mortgage/Deed of Trust will be recorded

Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-07/09/2025

Open-Missing evidence of Mortgage recording - Creditor File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. - Due Diligence Vendor-07/08/2025

ATR/QM: Exempt

[Redacted]

Investment

Refinance

Cash Out - Other

N/A

4733128