EX-99.3 13 ex99-3s1.htm SCHEDULE 1 - RATING AGENCY GRADES DETAIL REPORT

Exhibit 99.3 - Schedule 1

Loan ID

Redaction 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

XXXX

1121568

XXXX

Closed

FCRE1205

2024-09-30 17:05

2024-10-07 10:35

Resolved

1 - Information

Credit

Eligibility

OFAC Check Not Completed and/or Cleared

Resolved-XXXX Check Completed for the underwriter. - Due Diligence Vendor-10/07/2024
Ready for Review-Hello The Ofac we uploaded is for XXXX UW. and the processor is for the Broker. We don't have processors for wholesale channels. Cna we clear this condition? - Seller-10/04/2024
Counter-XXXX underwriter and processor. Missing for lender. - Due Diligence Vendor-10/03/2024
Ready for Review-Document Uploaded. XXXX FOR PROESSOR AND UW - Seller-10/01/2024
Open-XXXX Check Not Completed and/or Cleared for the lender, underwriter and processor. - Due Diligence Vendor-09/30/2024

Ready for Review-Hello The Ofac we uploaded is for XXXX UW. and the processor is for the Broker. We don't have processors for wholesale channels. Cna we clear this condition? - Seller-10/04/2024
Ready for Review-Document Uploaded. XXXX FOR PROESSOR AND UW - Seller-10/01/2024

Resolved-OFAC Check Completed for the underwriter. - Due Diligence Vendor-10/07/2024

Months Reserves exceed minimum required - 8 month reserves exceed 4 month minimum

Qualifying FICO score is at least 20 points above minimum for program - FICO of 804 is higher than 660 required minimum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2489679

XXXX

1121497

XXXX

Closed

FPRO1255

2024-11-12 10:37

2025-07-16 13:30

Resolved

1 - Information

Credit

Missing Doc - Credit

HOA Questionnaire Document is Missing

Resolved-The HOA Questionnaire Document is not missing or Not Applicable. - Due Diligence Vendor-12/05/2024
Ready for Review-The subject property is "Detached" Condo. Please waive this condition. - Seller-12/04/2024
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. - Due Diligence Vendor-11/12/2024

Ready for Review-The subject property is "Detached" Condo. Please waive this condition. - Seller-12/04/2024

Resolved-The HOA Questionnaire Document is not missing or Not Applicable. - Due Diligence Vendor-12/05/2024

LTV is less than guideline maximum - Max 80%, actual 75%

Months Reserves exceed minimum required - 0 required, actual 51.62 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum 660, actual 730

Qualifying DTI below maximum allowed - Max 49.99%, actual 36.32%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2790559

XXXX

1121497

XXXX

Closed

FCRE7497

2024-11-11 17:16

2024-12-16 16:29

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Documentation to support the property is free and clear which does not require HOI provided. - Due Diligence Vendor-12/16/2024
Ready for Review-For payment of XXXX for XXXX documents are already included in the closing package. Property tax XXXX and the HOA XXXX. Please review the page 99 and 100 and waive this condition. - Seller-12/13/2024
Counter-Taxes and HOA provided for XXXX. However please provide LOE verification from the borrower they do not have HOI policy on home. Provide a revised 1003 and 1008 with payment of XXXX for XXXX. - Due Diligence Vendor-12/11/2024
Ready for Review-Document Uploaded. no insurance for this free/clear property. - Seller-12/10/2024
Counter-Property is free and clear, however Insurance , taxes and HOA must still be provided and included in the total DTI ratio. - Due Diligence Vendor-12/05/2024
Ready for Review-Property detail report is already included in the closing package. This is a "Free and Clear" property, so the insurance is not needed. Can you please review and waive this condition? - Seller-12/04/2024
Open-No tax and insurance bill for borrower's investment property XXXX on Final 1003 - Due Diligence Vendor-11/12/2024

Ready for Review-For payment of XXXX for 3A documents are already included in the closing package. Property tax XXXX and the HOA XXXX. Please review the page 99 and 100 and waive this condition. - Seller-12/13/2024
Ready for Review-Document Uploaded. no insurance for this free/clear property. - Seller-12/10/2024
Ready for Review-Property detail report is already included in the closing package. This is a "Free and Clear" property, so the insurance is not needed. Can you please review and waive this condition? - Seller-12/04/2024

Resolved-Documentation to support the property is free and clear which does not require HOI provided. - Due Diligence Vendor-12/16/2024

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2786322

XXXX

1121497

XXXX

Closed

FCRE1159

2024-11-19 16:07

2024-12-05 13:30

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX , but prior to the PCCD disbursement date of XXXX. - Due Diligence Vendor-12/05/2024
Ready for Review-Document Uploaded. Please review the POST CD and clear this condition. - Seller-12/04/2024
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-11/19/2024

Ready for Review-Document Uploaded. Please review the POST CD and clear this condition. - Seller-12/04/2024

Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX , but prior to the PCCD disbursement date of XXXX. - Due Diligence Vendor-12/05/2024

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2843810

XXXX

1121497

XXXX

Closed

FPRO0008

2024-11-11 16:06

2024-12-05 13:27

Resolved

1 - Information

Property

Condo Project Warrantable is Unable to Determine

Resolved-Warrantability documentation is acceptable. Subject is detached. - Due Diligence Vendor-12/05/2024

Ready for Review-The subject property is "Detached" Condo. Please waive this condition. - Seller-12/04/2024

Open-The Condo Project Warrantability is Unable to Determined. No questionnaire/litigation - new construction - Due Diligence Vendor-11/11/2024

Ready for Review-The subject property is "Detached" Condo. Please waive this condition. - Seller-12/04/2024

Resolved-Warrantability documentation is acceptable. Subject is detached. - Due Diligence Vendor-12/05/2024

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2785708

XXXX

1121497

XXXX

Closed

FCRE1173

2024-11-11 17:10

2024-11-19 16:08

Resolved

1 - Information

Credit

Missing Doc

Condo Master Insurance Policy is Missing

Resolved-Condo Master Insurance Policy not required for a Detached Condo. Policy coverage amount is sufficient. - Due Diligence Vendor-11/19/2024

Ready for Review-The subject property is a detached-Condo, no master is necessary. Please waive this condition. - Seller-11/18/2024

Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-11/11/2024

Ready for Review-The subject property is a detached-Condo, no master is necessary. Please waive this condition. - Seller-11/18/2024

Resolved-Condo Master Insurance Policy not required for a Detached Condo. Policy coverage amount is sufficient. - Due Diligence Vendor-11/19/2024

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2786246

XXXX

1121180

XXXX

Closed

FCRE9996

2024-12-14 13:41

2025-02-14 15:51

Resolved

1 - Information

Credit

Eligibility

Condo does not meet requirements

Resolved-Received complete HOA questionnaire. - Due Diligence Vendor-02/14/2025
Ready for Review-Document Uploaded. please see attached - Seller-02/12/2025
Counter-Screen shot of New Construction Project reflects subject is complete provided.  Please provide the full signed HOA Questionnaire with the correction.  - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded.  - Seller-02/04/2025
Counter-1. Condo questionnaire notes that the HOA has not been turned over to the unit owners with no estimated date provided (noted as unknown). Per XXXX requirements, the developer or sponsor should provide for and promote the unit owners’ early participation in the management of the project. 2. Condo questionnaire notes that the project/subject legal phase is not substantially complete. (a Lender exception will have to be provided if box is not checked yes legal is fully completed). Per Fannie Mae requirements, “Substantially complete” means that a certificate of occupancy or other substantially similar document has been issued by the applicable governmental agency for the project or subject phase; and all the units and buildings in the legal phase in which the unit securing the mortgage is located are complete, subject to the installation of buyer selection items, such as appliances. - Due Diligence Vendor-01/14/2025
Ready for Review-Would you please waive the #2 condition?
The subject is completed rather than substantially completed. That's why HOA answered as below. - Seller-01/13/2025
Open-1.  Condo questionnaire notes that the HOA has not been turned over to the unit owners with no estimated date provided (noted as unknown).  Per Fannie Mae requirements, the developer or sponsor should provide for and promote the unit owners’ early participation in the management of the project.
2.  Condo questionnaire notes that the project/subject legal phase is not substantially complete.  Per XXXX requirements, “Substantially complete” means that a certificate of occupancy or other substantially similar document has been issued by the applicable governmental agency for the project or subject phase; and all the units and buildings in the legal phase in which the unit securing the mortgage is located are complete, subject to the installation of buyer selection items, such as appliances.
- Due Diligence Vendor-12/14/2024

Ready for Review-Document Uploaded. please see attached - Seller-02/12/2025

Ready for Review-Document Uploaded. - Seller-02/04/2025

Ready for Review-Would you please waive the #2 condition?
The subject is completed rather than substantially completed. That's why HOA answered as below. - Seller-01/13/2025

Resolved-Received complete HOA questionnaire. - Due Diligence Vendor-02/14/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3007851

XXXX

1121180

XXXX

Closed

FCRE5782

2024-12-14 14:06

2025-02-07 12:15

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Borrower 1 Gap Credit Report. - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. Soft pull - Seller-01/10/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-12/14/2024

Ready for Review-Document Uploaded. Soft pull - Seller-01/10/2025

Resolved-Received Borrower 1 Gap Credit Report. - Due Diligence Vendor-01/14/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3007873

XXXX

1121180

XXXX

Closed

FCRE5116

2024-12-15 12:39

2025-02-07 12:15

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-Received Rent free letter. - Due Diligence Vendor-01/23/2025

Ready for Review-Document Uploaded. - Seller-01/22/2025

Counter-The rent Free Letter is not attached. - Due Diligence Vendor-01/14/2025

Ready for Review-Please see attached - Seller-01/13/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing rent-free letter - Due Diligence Vendor-12/15/2024

Ready for Review-Document Uploaded. - Seller-01/22/2025

Ready for Review-Please see attached - Seller-01/13/2025

Resolved-Received Rent free letter. - Due Diligence Vendor-01/23/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3008524

XXXX

1121180

XXXX

Closed

FCRE5790

2025-01-14 15:30

2025-02-07 12:15

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received Gap Report. - Due Diligence Vendor-02/07/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/05/2025

Counter-Report provided is greater than 10 days. Finding remains. - Due Diligence Vendor-02/03/2025

Ready for Review-Document Uploaded. Please see soft pull - Seller-01/30/2025

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/05/2025

Ready for Review-Document Uploaded. Please see soft pull - Seller-01/30/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/07/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3205509

XXXX

1121180

XXXX

Closed

FCRE1176

2024-12-14 13:46

2025-02-07 12:11

Resolved

1 - Information

Credit

Insurance

HO6 Insurance Policy Effective Date is after the Note Date

Resolved-Received PCCD with a disbursement date of XXXX - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded. Please see pccd - Seller-02/05/2025
Open-HO-6 Insurance Policy Effective Date of XXXX is after the Note Date of XXXX Disbursement date per final CD in file is XXXX. - Due Diligence Vendor-12/14/2024

Ready for Review-Document Uploaded. Please see pccd - Seller-02/05/2025

Resolved-Received PCCD with a disbursement date of XXXX - Due Diligence Vendor-02/07/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3007856

XXXX

1121180

XXXX

Closed

FCRE1206

2024-12-14 14:11

2025-01-14 15:23

Resolved

1 - Information

Credit

Eligibility

All Interested Parties Not Checked with Exclusionary Lists

Resolved-Received All Interested Parties Checked against Exclusionary Lists. - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. Please see attached - Seller-01/13/2025

Open-All Interested Parties Not Checked with Exclusionary Lists Guidelines require third party review for all companies and individuals involved in the origination, underwriting or servicing process. Fraud report includes borrower, loan officer, lender, appraiser and escrow officer. Seller and other parties are missing (including processor/underwriter). - Due Diligence Vendor-12/14/2024

Ready for Review-Document Uploaded. Please see attached - Seller-01/13/2025

Resolved-Received All Interested Parties Checked against Exclusionary Lists. - Due Diligence Vendor-01/14/2025

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO exceeds 660 minimum required.

LTV is less than guideline maximum - 64.66% LTV is less than 80% maximum.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3007874

XXXX

1121256

XXXX

Closed

FCRE1198

2024-12-16 15:45

2025-01-07 14:16

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Received PCCD. - Due Diligence Vendor-01/07/2025
Ready for Review-Document Uploaded. Please see PCCD - Seller-01/04/2025
Open-Audited Reserves of 3.97 month(s) are less than Guideline Required Reserves of 4 month(s) Per guides, LTV greater than 75% requires 4 months of P&I reserves, totaling XXXX. The borrower's assets after closing totaled only XXXX, and as a result, the borrower was short XXXX of assets to cover the reserves requirement. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please see PCCD - Seller-01/04/2025

Resolved-Received PCCD. - Due Diligence Vendor-01/07/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3016820

XXXX

1121256

XXXX

Closed

FPRO1242

2024-12-16 13:47

2025-01-07 14:15

Resolved

1 - Information

Property

Missing Doc

Appraisal is Missing

Resolved-Received Primary Appraisal. - Due Diligence Vendor-01/07/2025
Ready for Review-Document Uploaded. Please see Appraisal report you requested - Seller-01/03/2025
Counter-Appraisal with an inspection date of XXXX provided. Please provide the Full Appraisal Report with an inspection date of XXXX. - Due Diligence Vendor-01/02/2025
Ready for Review-Document Uploaded. Please see the 2nd and Finals inspection and the Desk review as well, - Seller-12/31/2024
Open-Appraisal is Missing Per guides, Property Flips occur when a property is resold within 6 months (close of escrow to close of escrow) of the initial purchase and is up to underwriter’s discretion. The guides also state that for principal residences where the price reflected in the buyer’s purchase agreement is higher than the amount listed below compared to the seller’s acquisition price, a second appraisal will be required.
The amounts are as follows:
- More than a 10% increase if the seller acquired the property in the past 90 days;
- More than a 20% price increase if the seller acquired the property in the past 91 to 180 days.
Per the Collateral Desktop Analysis (CDA) and the Appraisal in file, the subject previously sold for XXXX on XXXX. The purchase agreement and closing disclosure reflect a final sales price of XXXX, which is an increase of 24.40% over the seller’s acquisition price. As a result, a second appraisal was required. The loan file is missing a second appraisal.
It should be noted the CDA, the Collateral Underwriter (CU), and the Collateral Loan Advisor (CLA) reports all reflect an appraisal was performed on XXXX by XXXX, with a reported fair market value of XXXX. However, the only appraisal in the loan file was performed on XXXX by XXXX.
It should also be noted that if the second appraisal from the loan file is utilized, then a new CDA, CU, and LCA will be required. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please see Appraisal report you requested - Seller-01/03/2025

Ready for Review-Document Uploaded. Please see the 2nd and Finals inspection and the Desk review as well, - Seller-12/31/2024

Resolved-Received Primary Appraisal. - Due Diligence Vendor-01/07/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3014985

XXXX

1121256

XXXX

Closed

FCRE6666

2025-01-02 14:05

2025-01-07 14:15

Resolved

1 - Information

Credit

Missing Doc

Secondary Valuation product is dated prior to the Appraisal date

Resolved-All Additional valuation products were completed on or after the Primary Valuation product date, or Not Applicable. - Due Diligence Vendor-01/02/2025

Open-One or more of the additional valuation products were completed prior to the Primary Valuation product date. - Due Diligence Vendor-01/02/2025

Resolved-All Additional valuation products were completed on or after the Primary Valuation product date, or Not Applicable. - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3124683

XXXX

1121256

XXXX

Closed

FCRE9488

2024-12-16 16:01

2025-01-07 14:08

Resolved

1 - Information

Credit

Borrower

Potential Occupancy/Current Address Issues identified in the file

Resolved-Received LOE from the borrower. - Due Diligence Vendor-01/07/2025
Ready for Review-Document Uploaded. Please see LOE - Seller-01/07/2025
Open-LOX required: Borrower who resides in XXXX and has a business in XXXX is purchasing a primary residence in XXXX over XXXX miles away. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please see LOE - Seller-01/07/2025

Resolved-Received LOE from the borrower. - Due Diligence Vendor-01/07/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3016974

XXXX

1121256

XXXX

Closed

FCRE8611

2024-12-16 16:45

2025-01-02 14:16

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-01/02/2025
Ready for Review-Document Uploaded. Please see XXXX Search - Seller-12/31/2024
Open-The guidelines for self-employment state the following requirement must also be satisfied: “Business phone number verification via XXXX Search, XXXX or internet is required. Otherwise, CPA must verify the borrower’s nature of business and confirm that the business phone number is not required for the type of business being operated by the borrower.” A business phone number verification via XXXX Search, XXXX or internet was missing from the loan file and the CPA did not confirm that the business phone number is not required for the type of business being operated by the borrower. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please see XXXX Search - Seller-12/31/2024

Resolved-Received Internet Search. - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3017440

XXXX

1121256

XXXX

Closed

FCRE5782

2024-12-16 14:37

2025-01-02 14:07

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap report. - Due Diligence Vendor-01/02/2025

Ready for Review-Document Uploaded. Please see Soft Pull - Seller-12/31/2024

Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please see Soft Pull - Seller-12/31/2024

Resolved-Received Gap report. - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 31.95% DTI, 49.99% max.

Qualifying FICO score is at least 20 points above minimum for program - 723 FICO, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3015822

XXXX

1121181

XXXX

Closed

FCRE1491

2025-02-07 15:35

2025-02-20 12:33

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Received Gift Letter. - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. PLease see attached - Seller-02/18/2025
Open-Asset Qualification Does Not Meet Guideline Requirements. "New" Missing copy of the Gift Letter for XXXX - Due Diligence Vendor-02/07/2025

Ready for Review-Document Uploaded. PLease see attached - Seller-02/18/2025

Resolved-Received Gift Letter. - Due Diligence Vendor-02/20/2025

LTV is less than guideline maximum - 75% LTV, 80% max.

Months Reserves exceed minimum required - Borrower has 5.13 months of P&I reserves.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3379107

XXXX

1121181

XXXX

Closed

FCRE5770

2024-12-17 09:06

2025-02-07 15:36

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Credit Report is Missing

Resolved-Received borrower Origination Credit Report. - Due Diligence Vendor-02/07/2025

Ready for Review-Document Uploaded. - Seller-02/05/2025

Counter-Gap report provided, please provide the Credit Report used for qualification. - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. Please see Credit report - Seller-01/11/2025

Open-Borrower 1 Credit Report is Missing. The credit report in file is for an unknown individual who is not associated with the subject transaction. The borrower's credit report is missing. - Due Diligence Vendor-12/17/2024

Ready for Review-Document Uploaded. - Seller-02/05/2025

Ready for Review-Document Uploaded. Please see Credit report - Seller-01/11/2025

Resolved-Received borrower Origination Credit Report. - Due Diligence Vendor-02/07/2025

LTV is less than guideline maximum - 75% LTV, 80% max.

Months Reserves exceed minimum required - Borrower has 5.13 months of P&I reserves.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3020783

XXXX

1121186

XXXX

Closed

FCRE5116

2024-12-12 09:22

2025-02-07 15:59

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-Borrower owned the subject property since XXXX. A mortgage statement in file reflects the borrower made the XXXX and XXXX payments. The subject loan closed XXXX. - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded. Please review the payoff demand for XXXX.  - Seller-02/06/2025
Counter-Rent Free letter provided, however we missing a payment history for the XXXX loan XXXX being paid at close.  - Due Diligence Vendor-02/05/2025
Ready for Review-Document Uploaded. Please review the Rent free letter. - Seller-02/03/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOM(subj prop)  - Due Diligence Vendor-12/12/2024

Ready for Review-Document Uploaded. Please review the payoff demand for XXXX. - Seller-02/06/2025
Ready for Review-Document Uploaded. Please review the Rent free letter. - Seller-02/03/2025

Resolved-Borrower owned the subject property since XXXX. A mortgage statement in file reflects the borrower made the XXXX payments. The subject loan closed XXXX. - Due Diligence Vendor-02/07/2025

Qualifying DTI below maximum allowed - DTI 39.93% is lower than the required program max allowed 49.99%

Qualifying FICO score is at least 20 points above minimum for program - FICO 702 is higher than the 660 program minimum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

2990283

XXXX

1121186

XXXX

Closed

FCRE1440

2024-12-12 09:22

2025-01-09 15:13

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received clarification the property has been purchased within 6 months guidelines allow this to be waived. - Due Diligence Vendor-01/09/2025

Ready for Review-As the guideline stated that if the the property is purchased within 6months, 6months seasoning may waived. Please advise if this condition can be cleared or not. - Seller-01/08/2025

Counter-Subject was only purchased within 3 months . Finding remains. - Due Diligence Vendor-01/06/2025

Ready for Review-Document Uploaded. Please review the guideline uploaded, and advise if this condition can be waived or not. Please let me know. - Seller-01/02/2025

Open-Housing History Does Not Meet Guideline Requirements Note: To qualify for a rate and term refinance the borrower must t have resided in the subject property for 6 or more months immediately preceding the application date (Guide pg. 13) - no documentation provided validating previous housing history/seasoning - Due Diligence Vendor-12/12/2024

Ready for Review-As the guideline stated that if the the property is purchased within 6months, 6months seasoning may waived. Please advise if this condition can be cleared or not. - Seller-01/08/2025

Ready for Review-Document Uploaded. Please review the guideline uploaded, and advise if this condition can be waived or not. Please let me know. - Seller-01/02/2025

Resolved-Received clarification the property has been purchased within 6 months guidelines allow this to be waived. - Due Diligence Vendor-01/09/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

2990282

XXXX

1121198

XXXX

Closed

finding-47

2024-12-27 16:17

2025-01-09 11:43

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Received PCCD XXXX with disbursement date of XXXX. - Due Diligence Vendor-01/09/2025
Ready for Review-Document Uploaded. please see PCCD - Seller-01/07/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Provide PCCD with disbursement date after the ROR expiration date of XXXX.
- Due Diligence Vendor-12/27/2024

Ready for Review-Document Uploaded. please see PCCD - Seller-01/07/2025

Resolved-Received PCCD XXXX with disbursement date of XXXX. - Due Diligence Vendor-01/09/2025

Qualifying FICO score is at least 20 points above minimum for program - 806 FICO higher than 660 minimum required

LTV is less than guideline maximum - LTV 66.26% is lower than 80%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3096462

XXXX

1121191

XXXX

Closed

FCRE5783

2025-01-13 21:37

2025-02-11 14:50

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Gap Credit Report is Missing

Resolved-Received the borrower 2 Gap Credit Report . - Due Diligence Vendor-02/11/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/10/2025

Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/10/2025

Resolved-Received the borrower 2 Gap Credit Report . - Due Diligence Vendor-02/11/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 801 is higher than the 720 credit score minimum

Months Reserves exceed minimum required - Reserves 13.43 is higher than the program minimum 0

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3198190

XXXX

1121191

XXXX

Closed

FCRE5782

2025-01-13 21:37

2025-02-11 14:50

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/11/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/10/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/10/2025

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/11/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3198189

XXXX

1121191

XXXX

Closed

FCOM5135

2025-01-07 09:35

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to material findings - Due Diligence Vendor-01/16/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3152661

XXXX

1121196

XXXX

Closed

FCRE1202

2025-01-10 12:48

2025-02-10 15:10

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-Received Management approval. - Due Diligence Vendor-02/10/2025
Ready for Review-Document Uploaded. please see attached - Seller-02/06/2025
Open-Third Party Fraud Report Partially Provided Issue: FraudGuard® scores above 800 from XXXX require management review and approval
Required: Please provide management review and approval by the Underwriting Manager in order to proceed with the loan. - Due Diligence Vendor-01/10/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/06/2025

Resolved-Received Management approval. - Due Diligence Vendor-02/10/2025

Months Reserves exceed minimum required - Reserves 13.75 is higher than 4 month minimum

Qualifying FICO score is at least 20 points above minimum for program - FICO 766 is higher than program minimum 660

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3183587

XXXX

1121196

XXXX

Closed

FCRE5782

2025-01-10 12:08

2025-02-10 15:09

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/06/2025

Open-Borrower 1 Gap Credit Report is Missing Missing GAP Report - Due Diligence Vendor-01/10/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/06/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/10/2025

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3182865

XXXX

1121196

XXXX

Closed

FCOM5135

2025-01-05 11:28

2025-01-16 13:30

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Originator waiver applied to non-material Findings.
- Due Diligence Vendor-01/16/2025

Open-Required Affiliated Business Disclosure Missing -----Missing Required Affiliated Business Disclosure. - Due Diligence Vendor-01/06/2025

Waived-Originator waiver applied to non-material Findings.
- Due Diligence Vendor-01/16/2025

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

3140037

XXXX

1121193

XXXX

Closed

FPRO9999

2025-01-13 16:11

2025-03-04 14:42

Resolved

1 - Information

Credit

Eligibility

Condo project has pending litigation

Resolved-Received documentation to support the claim has already been settled by the insurance. - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. - Seller-03/04/2025
Counter-The information provided is insufficient and does not meet XXXX requirements for litigation. Lender would need to provide a letter form the insurance Company or attorney attesting that the amount of the lawsuit will be 100% covered by insurance. - Due Diligence Vendor-02/05/2025
Ready for Review-Document Uploaded. Please review the email from the law firm. - Seller-02/02/2025
Counter-Received document from the attorneys office . Documents states that the lawsuit will be "no less" than XXXX. Document also states that the HOA is being sued for Health Issues as well as distress with no amount listed. Based on this, Lender would need to provide a letter form the insurance Company or attorney attesting that the amount of the lawsuit will be 100% covered by insurance. - Due Diligence Vendor-01/24/2025
Ready for Review-Document Uploaded. Subject unit is not related to the litigation and HOA insurance is covering the cost of litigation.
- Seller-01/22/2025
Open-*New* Please provide litigation documents and lenders approved exception in or for us to clear this finding. - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. - Seller-03/04/2025

Ready for Review-Document Uploaded. Please review the email from the law firm. - Seller-02/02/2025

Ready for Review-Document Uploaded. Subject unit is not related to the litigation and HOA insurance is covering the cost of litigation.
- Seller-01/22/2025

Resolved-Received documentation to support the claim has already been settled by the insurance. - Due Diligence Vendor-03/04/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 767 higher than 660 minimum

Credit history exceeds minimum required - Credit history exceeds minimum require

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3196618

XXXX

1121193

XXXX

Closed

FPRO1255

2024-12-31 16:04

2025-01-13 16:10

Resolved

1 - Information

Credit

Missing Doc - Credit

HOA Questionnaire Document is Missing

Resolved-Received questionnaire - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. Please review the Condo Questionnaire, and clear this condition. - Seller-01/10/2025

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing HOA Condo Questionnaire - Due Diligence Vendor-12/31/2024

Ready for Review-Document Uploaded. Please review the Condo Questionnaire, and clear this condition. - Seller-01/10/2025

Resolved-Received questionnaire - Due Diligence Vendor-01/13/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 767 higher than 660 minimum

Credit history exceeds minimum required - Credit history exceeds minimum require

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3116551

XXXX

1121193

XXXX

Closed

FPRO0008

2024-12-31 16:09

2025-01-13 16:10

Resolved

1 - Information

Property

Condo Project Warrantable is Unable to Determine

Resolved-Received questionnaire. - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. Please review the Condo Questionnaire, and clear this condition. - Seller-01/10/2025

Open-The Condo Project Warrantability is Unable to Determined. Missing HOA Condo Questionnaire - Due Diligence Vendor-12/31/2024

Ready for Review-Document Uploaded. Please review the Condo Questionnaire, and clear this condition. - Seller-01/10/2025

Resolved-Received questionnaire. - Due Diligence Vendor-01/13/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 767 higher than 660 minimum

Credit history exceeds minimum required - Credit history exceeds minimum require

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3116584

XXXX

1121202

XXXX

Closed

FCRE5782

2025-01-15 15:21

2025-01-22 15:40

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-01/22/2025

Ready for Review-Document Uploaded. - Seller-01/20/2025

Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-01/15/2025

Ready for Review-Document Uploaded. - Seller-01/20/2025

Resolved-Received Gap Report. - Due Diligence Vendor-01/22/2025

Qualifying DTI below maximum allowed - DTI of 18.97% is less than 49.99% maximum allowed

LTV is less than guideline maximum - 65% LTV is less than 75% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3214279

XXXX

1121202

XXXX

Closed

FCRE4805

2025-01-15 14:37

2025-01-22 15:38

Resolved

1 - Information

Credit

Eligibility

Trust/POA Does Not Meet Guideline Requirements

Resolved-Received Certification of Trust. - Due Diligence Vendor-01/22/2025

Ready for Review-Document Uploaded. - Seller-01/20/2025

Open-Trust/POA Does Not Meet Guideline Requirements Missing copy of Trust documents - Due Diligence Vendor-01/15/2025

Ready for Review-Document Uploaded. - Seller-01/20/2025

Resolved-Received Certification of Trust. - Due Diligence Vendor-01/22/2025

Qualifying DTI below maximum allowed - DTI of 18.97% is less than 49.99% maximum allowed

LTV is less than guideline maximum - 65% LTV is less than 75% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3213533

XXXX

1121194

XXXX

Closed

FCRE5782

2025-01-13 16:22

2025-02-13 14:42

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. soft pull - Seller-02/12/2025

Counter-Gap Report is not attached. - Due Diligence Vendor-02/11/2025

Ready for Review-Document Uploaded. LOX - Seller-02/10/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. soft pull - Seller-02/12/2025

Ready for Review-Document Uploaded. LOX - Seller-02/10/2025

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 765 is higher than 660 minimum

Credit history exceeds minimum required - Credit History exceed minimum allowed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3196748

XXXX

1121194

XXXX

Closed

FCRE1202

2025-01-13 16:26

2025-02-11 14:03

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-Received the Letter of approval by the Underwriting Manager. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. LOX - Seller-02/10/2025
Open-Third Party Fraud Report Partially Provided Required: Per guide pg. 34 XXXX scores above 800 from XXXX require management review and approval by the
Underwriting Manager in order to proceed with the loan.
Provide: Provide UW Cert with Manager approval as fraud score is 896 - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. LOX - Seller-02/10/2025

Resolved-Received the Letter of approval by the Underwriting Manager. - Due Diligence Vendor-02/11/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 765 is higher than 660 minimum

Credit history exceeds minimum required - Credit History exceed minimum allowed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3196797

XXXX

1121207

XXXX

Closed

FCRE7011

2025-01-10 09:24

2025-01-13 16:18

Resolved

1 - Information

Credit

Insurance

Rent Loss Coverage is Insufficient or Missing

Resolved-Received HOI w/sufficient rent loos coverage. - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. Please see rent loss coverage - Seller-01/10/2025

Open-Rent Loss Coverage is Insufficient or Missing. Rent Loss Coverage is Missing, amount is not listed on policy - Due Diligence Vendor-01/10/2025

Ready for Review-Document Uploaded. Please see rent loss coverage - Seller-01/10/2025

Resolved-Received HOI w/sufficient rent loos coverage. - Due Diligence Vendor-01/13/2025

DSCR % greater than 1.20 - DSCR is 1.33

LTV is less than guideline maximum - 50% LTV is less than 75% guideline maximum

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3180126

XXXX

1121210

XXXX

Closed

FCRE0044

2025-02-11 14:11

2025-02-13 13:49

Resolved

1 - Information

Credit

Eligibility

File does not contain LOX for credit inquiries

Resolved-Received LOX for credit inquiries. - Due Diligence Vendor-02/13/2025

Ready for Review-LOX - Seller-02/12/2025

Open-LOX for credit inquiries is missing. LOX for credit inquiries for the Gap Report is missing. - Due Diligence Vendor-02/11/2025

Ready for Review-LOX - Seller-02/12/2025

Resolved-Received LOX for credit inquiries. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - 682 FICO; 660 required

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3399968

XXXX

1121210

XXXX

Closed

FCRE1202

2025-01-13 13:34

2025-02-11 14:15

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-Received the Letter of Approval by UW Manager. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. XXXX and lox - Seller-02/10/2025
Open-Third Party Fraud Report Partially Provided - Risk Score above 800 – Lender Mgt. Review and Approval by UW Manager required.
- Missing XXXX search for loan officer - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded. XXXX.GOV and lox - Seller-02/10/2025

Resolved-Received the Letter of Approval by UW Manager. - Due Diligence Vendor-02/11/2025

Qualifying FICO score is at least 20 points above minimum for program - 682 FICO; 660 required

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3194285

XXXX

1121210

XXXX

Closed

FCRE5782

2025-01-13 13:30

2025-02-11 14:12

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/11/2025

Ready for Review-soft pull - Seller-02/10/2025

Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-01/13/2025

Ready for Review-soft pull - Seller-02/10/2025

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/11/2025

Qualifying FICO score is at least 20 points above minimum for program - 682 FICO; 660 required

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3194249

XXXX

1121210

XXXX

Closed

FCOM5135

2025-01-08 07:23

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/08/2025

Qualifying FICO score is at least 20 points above minimum for program - 682 FICO; 660 required

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3161008

XXXX

1121204

XXXX

Closed

FCRE5782

2025-01-16 10:30

2025-02-11 14:41

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Ready for Review-Document Uploaded. please see soft pull - Seller-02/10/2025

Resolved-Received the borrower 1 Gap Credit Report. - Due Diligence Vendor-02/11/2025

Qualifying FICO score is at least 20 points above minimum for program - 793 qualifying FICO score, 660 minimum required.

LTV is less than guideline maximum - 60% LTV, 80% maximum allowed.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3219429

XXXX

1121204

XXXX

Closed

FCOM5135

2025-01-10 10:36

2025-01-10 11:50

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing ----- Originator applied to non-material finding. - Due Diligence Vendor-01/10/2025

Qualifying FICO score is at least 20 points above minimum for program - 793 qualifying FICO score, 660 minimum required.

LTV is less than guideline maximum - 60% LTV, 80% maximum allowed.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3181183

XXXX

1121209

XXXX

Closed

FCRE9501

2025-01-16 14:59

2025-02-20 11:49

Resolved

1 - Information

Credit

Assets

Total Qualified Assets Post-Close is Less than $0

Resolved-Received statement for XXXX with sufficient assets.  Guidelines do not require source of large deposits. - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. According to our guideline, sourcing for the large deposit is not required. Please review and clear this condition. - Seller-02/18/2025
Counter-Please provide the source of deposits into XXXX on XXXX, XXXX, XXXX and XXXX. - Due Diligence Vendor-02/14/2025
Ready for Review-Document Uploaded. Please review the transaction history for XXXX. - Seller-02/13/2025
Counter-The XXXX account only had XXXX as of XXXX and does not support a XXXX wire transfer. Please provide updated account statement with current balance that supports the wire on XXXX. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. The wire receipts are included in the closing package. XXXX was transferred from the XXXX, and XXXX was transferred from the XXXX. Please waive this condition. - Seller-02/10/2025
Counter-Please provide the source of the additional deposits in the amount of XXXX. Loan file contains verified funds of XXXX. - Due Diligence Vendor-02/06/2025
Ready for Review-Can you please advise how did you calculate the short amount? Please advise. - Seller-02/05/2025
Open-Total Qualified Assets Post-Close amount is 'XXXX'.  Assets are Insufficient. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025
Open-Total Qualified Assets Post-Close amount is 'XXXX'.  Assets are Insufficient. Missing proof of sufficient assets - Due Diligence Vendor-01/16/2025

Ready for Review-Document Uploaded. According to our guideline, sourcing for the large deposit is not required. Please review and clear this condition. - Seller-02/18/2025
Ready for Review-Document Uploaded. Please review the transaction history for XXXX. - Seller-02/13/2025
Ready for Review-Document Uploaded. The wire receipts are included in the closing package. XXXX was transferred from the XXXX XXXX, and XXXX was transferred from the XXXX. Please waive this condition. - Seller-02/10/2025
Ready for Review-Can you please advise how did you calculate the short amount? Please advise. - Seller-02/05/2025
Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025

Resolved-Received statement for XXXX with sufficient assets. Guidelines do not require source of large deposits. - Due Diligence Vendor-02/20/2025

Qualifying DTI below maximum allowed - 26.6% DTI is below 49.99% maximum allowed

LTV is less than guideline maximum - 66.43% LTV is less than 90% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3224601

XXXX

1121209

XXXX

Closed

FCRE1491

2025-02-04 15:21

2025-02-20 11:49

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Received statement for XXXX with sufficient assets. Guidelines do not require source of large deposits. - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. According to our guideline, sourcing for the large deposit is not required. Please review and clear this condition. - Seller-02/18/2025
Counter-Please provide the source of deposits into XXXX on XXXX, XXXX, XXXX and XXXX. - Due Diligence Vendor-02/14/2025
Ready for Review-Document Uploaded. Please review the transaction history for XXXX. - Seller-02/13/2025
Counter-The XXXX account only had XXXX as of XXXX and does not support a XXXX wire transfer. Please provide updated account statement with current balance that supports the wire on XXXX. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. The wire receipts are included in the closing package. XXXX was transferred from the XXXX, and XXXX was transferred from the XXXX. Please waive this condition. - Seller-02/10/2025
Counter-Please provide the source of the additional deposits in the amount of XXXX. - Due Diligence Vendor-02/06/2025
Ready for Review-Document Uploaded. POST CD shows the borrower is actually get refunded of XXXX. Can you please advise if this condition can be waived? - Seller-02/05/2025
Open-Asset Qualification Does Not Meet Guideline Requirements *New* Per the PCCD borrower additional deposits in the total amount of XXXX. Borrowers verified funds are XXXX and is not sufficient to source the additional deposits. - Due Diligence Vendor-02/04/2025

Ready for Review-Document Uploaded. According to our guideline, sourcing for the large deposit is not required. Please review and clear this condition. - Seller-02/18/2025
Ready for Review-Document Uploaded. Please review the transaction history for XXXX. - Seller-02/13/2025
Ready for Review-Document Uploaded. The wire receipts are included in the closing package. XXXX was transferred from the XXXX XXXX, and XXXX was transferred from the XXXX. Please waive this condition. - Seller-02/10/2025
Ready for Review-Document Uploaded. POST CD shows the borrower is actually get refunded of XXXX. Can you please advise if this condition can be waived? - Seller-02/05/2025

Resolved-Received statement for XXXX with sufficient assets. Guidelines do not require source of large deposits. - Due Diligence Vendor-02/20/2025

Qualifying DTI below maximum allowed - 26.6% DTI is below 49.99% maximum allowed

LTV is less than guideline maximum - 66.43% LTV is less than 90% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3349222

XXXX

1121209

XXXX

Closed

FPRO0011

2025-01-16 15:07

2025-02-06 15:56

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/06/2025
Ready for Review-Document Uploaded. Please review the PDI. - Seller-02/05/2025
Open-XXXX
Incident Period: XXXX
Major Disaster Declaration declared on XXXX-Post disaster inspection required. - Due Diligence Vendor-01/16/2025

Ready for Review-Document Uploaded. Please review the PDI. - Seller-02/05/2025

Resolved-PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/06/2025

Qualifying DTI below maximum allowed - 26.6% DTI is below 49.99% maximum allowed

LTV is less than guideline maximum - 66.43% LTV is less than 90% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3224682

XXXX

1121209

XXXX

Closed

FCRE1159

2025-01-16 14:20

2025-02-04 15:02

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Received PCCD. Disbursement date is XXXX - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX, disbursement date of XXXX - Due Diligence Vendor-01/16/2025

Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025

Resolved-Received PCCD. Disbursement date is XXXX - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 26.6% DTI is below 49.99% maximum allowed

LTV is less than guideline maximum - 66.43% LTV is less than 90% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3224005

XXXX

1121209

XXXX

Closed

FCRE1178

2025-01-16 14:20

2025-02-04 15:01

Resolved

1 - Information

Credit

Insurance

Other Property Insurance Policy Effective Date is after the Note Date

Resolved-Received PCCD. Disbursement date is XXXX - Due Diligence Vendor-07/16/2025
Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025
Open-Other Property Insurance Policy Effective Date of XXXX is after the Note Date of XXXX, disbursement date of XXXX - Due Diligence Vendor-01/16/2025

Ready for Review-Document Uploaded. Please review the POST CD. - Seller-02/03/2025

Resolved-Received PCCD. Disbursement date is XXXX - Due Diligence Vendor-07/16/2025

Qualifying DTI below maximum allowed - 26.6% DTI is below 49.99% maximum allowed

LTV is less than guideline maximum - 66.43% LTV is less than 90% guideline maximum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3224006

XXXX

1025924

XXXX

Closed

FCRE6019

2025-01-15 12:29

2025-01-23 10:24

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Upon further review, the green card in file is sufficient (back is not required), nothing further required. - Due Diligence Vendor-01/23/2025

Open-Borrower Citizenship Documentation Is Missing Missing a copy of the back of the borrower's Permanent Resident card - Due Diligence Vendor-01/15/2025

Resolved-Upon further review, the green card in file is sufficient (back is not required), nothing further required. - Due Diligence Vendor-01/23/2025

Months Reserves exceed minimum required - 5.29 months of reserves; 2 months required.

LTV is less than guideline maximum - LTV of 60% is lower than maximum 75%.

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3211493

XXXX

1025924

XXXX

Closed

FCRE7347

2025-01-15 12:37

2025-01-23 10:20

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-Upon further review, Lower rent from 1007 was used to qualify , nothing further required. - Due Diligence Vendor-01/23/2025

Open-Missing lease agreement on subject property reflecting the correct address (lease provided is off by one number) - Due Diligence Vendor-01/15/2025

Resolved-Upon further review, Lower rent from 1007 was used to qualify , nothing further required. - Due Diligence Vendor-01/23/2025

Months Reserves exceed minimum required - 5.29 months of reserves; 2 months required.

LTV is less than guideline maximum - LTV of 60% is lower than maximum 75%.

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3211690

XXXX

1121211

XXXX

Closed

FCRE8611

2025-01-16 20:37

2025-01-20 14:50

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Upon further review, CPA letter verified borrower nature of business does not require a business number for this type of business, nothing further required. - Due Diligence Vendor-01/20/2025
Ready for Review-Document Uploaded. CPA letter stated that the business does not require a business license; therefore, the business phone number will also not required to be listed. - Seller-01/17/2025
Open-Goggle/Internet Telephone Business Search Missing. Per guidelines - Business phone number verification via XXXX Search, XXXX or internet is required. Otherwise, CPA must verify the borrower’s nature of business and confirm that the business phone number is not required for the type of business being operated by the borrower. - Due Diligence Vendor-01/17/2025

Ready for Review-Document Uploaded. CPA letter stated that the business does not require a business license; therefore, the business phone number will also not required to be listed. - Seller-01/17/2025

Resolved-Upon further review, CPA letter verified borrower nature of business does not require a business number for this type of business, nothing further required. - Due Diligence Vendor-01/20/2025

Qualifying DTI below maximum allowed - DTI 26.37% is lower than 49.99% max allowed DTI

LTV is less than guideline maximum - LTV 50% is lower than 80% max allowed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3226846

XXXX

1121211

XXXX

Closed

FCOM8972

2025-01-14 05:22

2025-01-20 14:44

Resolved

1 - Information

Credit

Missing Doc

Missing Deed of Trust Riders

Resolved-Missing copy of the Legal Description. - Due Diligence Vendor-01/20/2025

Ready for Review-Document Uploaded. please see complete deed of trust - Seller-01/17/2025

Open------Missing Legal Description - Due Diligence Vendor-01/14/2025

Ready for Review-Document Uploaded. please see complete deed of trust - Seller-01/17/2025

Resolved-Missing copy of the Legal Description. - Due Diligence Vendor-01/20/2025

Qualifying DTI below maximum allowed - DTI 26.37% is lower than 49.99% max allowed DTI

LTV is less than guideline maximum - LTV 50% is lower than 80% max allowed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3199272

XXXX

1121213

XXXX

Closed

FCRE1202

2025-01-27 16:47

2025-02-19 13:38

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-Received Approval Letter by the UW Manager. - Due Diligence Vendor-02/19/2025

Ready for Review-LOX LETTER - Seller-02/18/2025

Open-Third Party Fraud Report Partially Provided Risk Score above 800 – Lender Mgt. Review and Approval by UW Manager required. - Due Diligence Vendor-01/27/2025

Ready for Review-LOX LETTER - Seller-02/18/2025

Resolved-Received Approval Letter by the UW Manager. - Due Diligence Vendor-02/19/2025

Qualifying FICO score is at least 20 points above minimum for program - 802 FICO score is 20+ points above minimum 660 for program

Qualifying DTI below maximum allowed - 41.95% DTI is below 49.99% maximum allowed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3290783

XXXX

1121213

XXXX

Closed

FCRE5782

2025-01-27 16:45

2025-02-19 13:36

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received the Borrower 1 Gap Credit Report. - Due Diligence Vendor-02/19/2025

Ready for Review-Document Uploaded. SOFT PULL - Seller-02/18/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/27/2025

Ready for Review-Document Uploaded. SOFT PULL - Seller-02/18/2025

Resolved-Received the Borrower 1 Gap Credit Report. - Due Diligence Vendor-02/19/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3290758

XXXX

1121213

XXXX

Closed

FCOM5135

2025-01-24 12:14

2025-02-19 10:47

Resolved

1 - Information

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Resolved-Received attestation of no affiliates paid. Finding resolved. - Due Diligence Vendor-02/19/2025

Ready for Review-Document Uploaded. WSPL - Seller-02/18/2025

Open-Required Affiliated Business Disclosure Missing Missing affiliated business disclosure as required when title fees are present in Section B for proper fee testing. - Due Diligence Vendor-01/24/2025

Ready for Review-Document Uploaded. WSPL - Seller-02/18/2025

Resolved-Received attestation of no affiliates paid. Finding resolved. - Due Diligence Vendor-02/19/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3277291

XXXX

1121221

XXXX

Closed

finding-3635

2025-01-15 09:50

2025-02-04 10:04

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Received updated Service Provider list, finding resolved. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. For section C, If the fee is paid to a provider on the lender's list, there is a 10% tolerance. Please review the correct WSSPL.
- Seller-02/03/2025
Counter-Fees in Section C are not subject to tolerance limitations.  The only fees subject to the 10% would be Section B fees where borrower used Title Company on Service Provider list and recording fees.  Finding remains. - Due Diligence Vendor-01/27/2025
Ready for Review-The 10% tolerance is calculated on the combined total of fees in Section C and Section E.  If you compare the LLE's section C+E = XXXX, and FCD's section C+E= XXXX you can see that there has been no increase in the total amount. Please waive this condition.
- Seller-01/24/2025
Counter-Received COC for appraisal field review.  Finding is for increase in recording fees.  Ten (10%) tolerance fees (Recording Fee) increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. Unlike desk review fee, field review is not a program requirement, thus it may be added in the middle of the transaction with a valid COC . - Seller-01/21/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Ten (10%) tolerance fees (Recording Fee) increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX
- Due Diligence Vendor-01/15/2025

Ready for Review-Document Uploaded. For section C, If the fee is paid to a provider on the lender's list, there is a 10% tolerance. Please review the correct WSSPL.
- Seller-02/03/2025
Ready for Review-The 10% tolerance is calculated on the combined total of fees in Section C and Section E. If you compare the LLE's section C+E = XXXX, and FCD's section C+E= XXXX you can see that there has been no increase in the total amount. Please waive this condition.
- Seller-01/24/2025
Ready for Review-Document Uploaded. Unlike desk review fee, field review is not a program requirement, thus it may be added in the middle of the transaction with a valid COC . - Seller-01/21/2025

Resolved-Received updated Service Provider list, finding resolved. - Due Diligence Vendor-02/04/2025

LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Months Reserves exceed minimum required - 6.74 months reserves exceed 4 month minimum required

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3209427

XXXX

1121221

XXXX

Closed

FCRE8611

2025-01-22 16:22

2025-01-27 18:23

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received CPA letter with business number. - Due Diligence Vendor-01/27/2025

Ready for Review-Document Uploaded. The CPA letter confirming the biz phone# was already in the package. Please waive this condition. - Seller-01/24/2025

Open-Missing -self-employment income must be verified via a phone listing (telephone book, directory assistance or internet) or third party (licensing bureau, regulatory
agency, CPA, etc.). - Due Diligence Vendor-01/22/2025

Ready for Review-Document Uploaded. The CPA letter confirming the biz phone# was already in the package. Please waive this condition. - Seller-01/24/2025

Resolved-Received CPA letter with business number. - Due Diligence Vendor-01/27/2025

LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Months Reserves exceed minimum required - 6.74 months reserves exceed 4 month minimum required

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3258321

XXXX

1121221

XXXX

Closed

FCOM5135

2025-01-15 10:28

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-01/15/2025

LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Months Reserves exceed minimum required - 6.74 months reserves exceed 4 month minimum required

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3209877

XXXX

1121242

XXXX

Closed

FCRE5782

2025-01-30 14:27

2025-03-05 16:14

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Borrower 1 Gap Credit received dated 1/8/2025. - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. See attached Refresh report - Seller-03/05/2025

Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-01/30/2025

Ready for Review-Document Uploaded. See attached Refresh report - Seller-03/05/2025

Resolved-Borrower 1 Gap Credit received dated XXXX. - Due Diligence Vendor-03/05/2025

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

Qualifying FICO score is at least 20 points above minimum for program - 764 FICO score is 20+ points above 660 minimum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3319823

XXXX

1121242

XXXX

Closed

FCRE1202

2025-01-30 14:35

2025-01-30 16:32

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved--Not required - Due Diligence Vendor-01/30/2025
Open-Third Party Fraud Report Partially Provided Missing XXXX search for seller - Due Diligence Vendor-01/30/2025

Resolved--Not required - Due Diligence Vendor-01/30/2025

LTV is less than guideline maximum - 75% LTV is less than 80% guideline maximum

Qualifying FICO score is at least 20 points above minimum for program - 764 FICO score is 20+ points above 660 minimum

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3319922

XXXX

1121240

XXXX

Closed

FCOM5135

2025-01-30 08:04

2025-07-16 12:23

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing.-Originator waiver applied to material findings. - Due Diligence Vendor-07/16/2025

Verified employment history exceeds guidelines - 5 Years of Employment exceeds the 24 month requirement

Qualifying FICO score is at least 20 points above minimum for program - FICO 773 is higher than the 660 minimum score

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

3314583

XXXX

1121240

XXXX

Closed

FCRE1193

2025-02-20 13:20

2025-03-05 16:34

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-Upon review of Gap Credit, XXXX acct XXXX reflects higher balance than paid at closing. Payment of XXXX per Gap was added to DTI; DTI below 50%, Finding resolved. - Due Diligence Vendor-03/05/2025
Ready for Review-Hello, It will show on the gap report due to this loan was paid off on closing please waive this condition - Seller-03/03/2025
Counter-Caponeauto account XXXX was reported on the Gap Report and not included in the DTI. - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. XXXX XXXX has been paid off at closing. Please advise why it is included in debt - Seller-02/24/2025
Open-Audited DTI of 57.32% exceeds Guideline DTI of 49.99%. Due XXXX payment of XXXX balance XXXX refelcted on the Gap Report. - Due Diligence Vendor-02/20/2025

Ready for Review-Hello, It will show on the gap report due to this loan was paid off on closing please waive this condition - Seller-03/03/2025
Ready for Review-Document Uploaded. XXXX has been paid off at closing. Please advise why it is included in debt - Seller-02/24/2025

Resolved-Upon review of Gap Credit, Cap One acct XXXX reflects higher balance than paid at closing. Payment of XXXX per Gap was added to DTI; DTI below 50%, Finding resolved. - Due Diligence Vendor-03/05/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3455853

XXXX

1121240

XXXX

Closed

FCRE5782

2025-01-30 21:35

2025-03-05 16:31

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-02/20/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/19/2025

Open-Borrower 1 Gap Credit Report is Missing -Missing Borrower 1 Gap Credit Report - Due Diligence Vendor-01/31/2025

Ready for Review-Document Uploaded. please see soft pull - Seller-02/19/2025

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-02/20/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3322911

XXXX

1121227

XXXX

Closed

FCRE8611

2025-01-21 21:03

2025-01-31 15:32

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-01/31/2025
Ready for Review-Document Uploaded. XXXX, I must've forgotten to attach the file. Please review the attached. - Seller-01/29/2025
Counter-XXXX reviews not contained in the loan file or uploaded. - Due Diligence Vendor-01/28/2025
Ready for Review-XXXX search - Seller-01/23/2025
Open-A business phone number verification via XXXX Search, XXXX or internet was missing from the loan file for both of the borrower's businesses and the CPA did not confirm that the business phone numbers were not required for the type of business being operated by the borrower. - Due Diligence Vendor-01/22/2025

Ready for Review-Document Uploaded. My bad, I must've forgotten to attach the file. Please review the attached. - Seller-01/29/2025

Ready for Review-Yelp search - Seller-01/23/2025

Resolved-Received Internet Search. - Due Diligence Vendor-01/31/2025

LTV is less than guideline maximum - 80% LTV, 90% maximum LTV allowed.

Qualifying FICO score is at least 20 points above minimum for program - 753 qualifying FICO score, 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3249947

XXXX

1121227

XXXX

Closed

FCOM5135

2025-01-21 14:06

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.
- Due Diligence Vendor-01/21/2025

LTV is less than guideline maximum - 80% LTV, 90% maximum LTV allowed.

Qualifying FICO score is at least 20 points above minimum for program - 753 qualifying FICO score, 660 minimum required.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3247048

XXXX

1121237

XXXX

Closed

FCOM5135

2025-01-23 17:35

2025-02-03 08:14

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-01/29/2025
Ready for Review-Document Uploaded. Please see WSSPL - Seller-01/27/2025
Open-Required Affiliated Business Disclosure Missing -Missing Required Affiliated Business Disclosure - Due Diligence Vendor-01/27/2025

Ready for Review-Document Uploaded. Please see WSSPL - Seller-01/27/2025

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-01/29/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 785 is higher than 660 minimum

Credit history exceeds minimum required - Credit history exceed minimum required

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3271823

XXXX

1121228

XXXX

Closed

FCRE1506

2025-01-31 13:53

2025-03-11 14:26

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received correct P&L - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Please see attached - Seller-03/10/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. The lender calculated the income based on a 12 month P&L. P&L in the loan file covers a 24 month period (XXXX thru XXXX) which has caused the DTI to exceed program guidelines. - Due Diligence Vendor-01/31/2025

Ready for Review-Document Uploaded. Please see attached - Seller-03/10/2025

Resolved-Received correct P&L - Due Diligence Vendor-03/11/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 807 is higher than the program minimum 720

LTV is less than guideline maximum - Guidelines allow LTV to 80%. Subject loan LTV is 55%.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3328632

XXXX

1121228

XXXX

Closed

FCRE1193

2025-01-31 13:53

2025-03-11 14:24

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-Received corrected P&L - Audited DTI of 33.6% is less than or equal to Guideline DTI of 49.99% - Due Diligence Vendor-03/11/2025
Ready for Review-Please see attached - Seller-03/10/2025
Open-Audited DTI of 67.2% exceeds Guideline DTI of 49.99% The lender calculated the income based on a 12 month P&L. P&L in the loan file covers a 24 month period (XXXX thru XXXX) which has caused the DTI to exceed program guidelines. - Due Diligence Vendor-01/31/2025

Ready for Review-Please see attached - Seller-03/10/2025

Resolved-Received corrected P&L - Audited DTI of 33.6% is less than or equal to Guideline DTI of 49.99% - Due Diligence Vendor-03/11/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3328645

XXXX

1121228

XXXX

Closed

FCRE5782

2025-01-31 10:12

2025-03-11 14:23

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-02/21/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/20/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/31/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/20/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/21/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3325780

XXXX

1121228

XXXX

Closed

FCOM5135

2025-01-30 08:36

2025-01-30 09:16

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-01/30/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3314862

XXXX

1121243

XXXX

Closed

FCRE5790

2025-02-26 15:19

2025-02-28 14:34

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received Gap Report. - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. please see Credit Refresh_XXXX - Seller-02/27/2025
Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). *New* Gap report is not dated within 10 days. - Due Diligence Vendor-02/26/2025

Ready for Review-Document Uploaded. please see Credit Refresh_XXXX - Seller-02/27/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/28/2025

Months Reserves exceed minimum required - 4 months reserves exceed 0 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - 739 vs. 680 @ 70%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3487530

XXXX

1121243

XXXX

Closed

FCRE5782

2025-02-04 13:09

2025-02-28 14:34

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-02/26/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/24/2025

Open-Borrower 1 Gap Credit Report is Missing Missing gap Credit report - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/24/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/26/2025

Months Reserves exceed minimum required - 4 months reserves exceed 0 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - 739 vs. 680 @ 70%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3347537

XXXX

1121243

XXXX

Closed

FCRE1152

2025-02-05 14:39

2025-02-28 14:31

Resolved

1 - Information

Credit

Missing Doc

Evidence of Property Tax Missing

Resolved-Received Tax verification. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/27/2025

Open-Missing Evidence of Property Tax Tax bill in the file verifies lower amount than collected at closing. - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/27/2025

Resolved-Received Tax verification. - Due Diligence Vendor-02/28/2025

Months Reserves exceed minimum required - 4 months reserves exceed 0 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - 739 vs. 680 @ 70%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3358930

XXXX

1121243

XXXX

Closed

FCRE1159

2025-02-04 13:00

2025-02-28 14:30

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Received updated HOI policy. - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. Please see attached HOI - Seller-02/27/2025
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Loan funded XXXX / HOI Dated XXXX - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. Please see attached HOI - Seller-02/27/2025

Resolved-Received updated HOI policy. - Due Diligence Vendor-02/28/2025

Months Reserves exceed minimum required - 4 months reserves exceed 0 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - 739 vs. 680 @ 70%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3347412

XXXX

1121243

XXXX

Closed

FCOM5135

2025-02-03 13:44

2025-02-03 16:52

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-02/03/2025

Months Reserves exceed minimum required - 4 months reserves exceed 0 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - 739 vs. 680 @ 70%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3338219

XXXX

1121239

XXXX

Closed

FCOM5135

2025-01-24 14:44

2025-01-24 14:45

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-01/24/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 754 is higher than 660 minimum requirement

Credit history exceeds minimum required - Credit history of 3 reporting tradelines in 24 months w/activity in last 12- months - exceeds the minimum required of 0

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3279263

XXXX

1121253

XXXX

Closed

FCOM5135

2025-02-03 12:22

2025-03-07 08:36

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-02/03/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742 is more than 20 points higher than the guideline minimum 660.

Qualifying DTI below maximum allowed - Qualifying DTI 47.92 is lower than the guideline max of 49.99.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3336811

XXXX

1121253

XXXX

Closed

FCRE1198

2025-02-04 11:27

2025-03-05 15:43

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Upon further review, the loan file contained all required asset documentation. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Hello, Could you clarify why XXXX is required to meet the minimum 4 months reserves. per note monthly payment is XXXX, in 4 months reserve then that would be XXXX,

- Seller-03/04/2025
Counter-Reviewed assets - XXXX total assets - XXXX cash to close leave XXXX available for reserves. XXXX is required to meet the minimum 4 months reserves. - Due Diligence Vendor-02/26/2025
Ready for Review-We verified XXXX while required funds are XXXX (reserve XXXX + closing funds XXXX). Please advise how the asset is short? - Seller-02/24/2025
Open-Audited Reserves of 3.8 month(s) are less than Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-02/04/2025

Ready for Review-Document Uploaded. Hello, Could you clarify why XXXX is required to meet the minimum 4 months reserves. per note monthly payment is XXXX, in 4 months reserve then that would be XXXX,

- Seller-03/04/2025
Ready for Review-We verified XXXX while required funds are XXXX (reserve XXXX). Please advise how the asset is short? - Seller-02/24/2025

Resolved-Upon further review, the loan file contained all required asset documentation. - Due Diligence Vendor-03/05/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3346111

XXXX

1121253

XXXX

Closed

FCRE5782

2025-02-04 11:03

2025-02-25 14:25

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap report for both borrowers. - Due Diligence Vendor-02/25/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/21/2025

Open-Borrower 1 Gap Credit Report is Missing Borrower 1 and Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-02/04/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/21/2025

Resolved-Received Gap report for both borrowers. - Due Diligence Vendor-02/25/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3345671

XXXX

1121241

XXXX

Closed

FCRE1510

2025-02-05 08:05

2025-02-28 14:27

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received recorded Mortgage w/Legal. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/27/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing Legal Description. - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/27/2025

Resolved-Received recorded Mortgage w/Legal. - Due Diligence Vendor-02/28/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 766 is more than 20 points higher than the guideline minimum of 660.

Qualifying DTI below maximum allowed - Qualifying DTI 19.44 is lower than the guideline max of 49.99.

Months Reserves exceed minimum required - Guides require 4 months reserves and the borrower has 21.78 months.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3353397

XXXX

1121241

XXXX

Closed

FCRE5782

2025-02-06 14:45

2025-02-26 14:55

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Ready for Review-Document Uploaded. Soft pull - Seller-02/24/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/26/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3368814

XXXX

1121241

XXXX

Closed

FCOM5135

2025-02-04 18:16

2025-02-05 08:12

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-02/05/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3351249

XXXX

1121230

XXXX

Closed

FCRE1481

2025-01-30 13:56

2025-02-03 15:54

Resolved

1 - Information

Credit

Assets

Asset 3 Does Not Meet Guideline Requirements

Resolved-Received wire in the amount of XXXX and have the gift letter to match. Received wire for closing in the amount of XXXX. - Due Diligence Vendor-02/03/2025
Ready for Review-Document Uploaded. Please see wire confirmations from escrow - Seller-01/31/2025
Open-Asset Record 3 Does Not Meet G/L Requirements Gift letter provided. The loan file is missing receipt of the wire transfer of gift funds deposited to escrow at closing. Proof of receipt required to meet cash to close requirements. - Due Diligence Vendor-01/30/2025

Ready for Review-Document Uploaded. Please see wire confirmations from escrow - Seller-01/31/2025

Resolved-Received wire in the amount of XXXX and have the gift letter to match. Received wire for closing in the amount of XXXX. - Due Diligence Vendor-02/03/2025

Qualifying FICO score is at least 20 points above minimum for program - 747 qualifying FICO score, 660 minimum score required.

LTV is less than guideline maximum - Guidelines allow LTV to 80%. Subject loan LTV is 40%.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3319396

XXXX

1121230

XXXX

Closed

FCOM5135

2025-01-29 08:48

2025-02-03 10:26

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-02/03/2025

Ready for Review-Document Uploaded. please see WSSPL - Seller-01/31/2025

Open-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-01/29/2025

Ready for Review-Document Uploaded. please see WSSPL - Seller-01/31/2025

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-02/03/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3304492

XXXX

1121231

XXXX

Closed

FCRE1510

2025-02-10 11:39

2025-03-05 14:54

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received confirmation Security Deed executed acceptably. - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. Please see email confirmation from notary that witness and notary person are not the same - Seller-03/04/2025

Counter-Per Georgia state requirements, 1 witness and the notary cannot be the witness. - Due Diligence Vendor-02/28/2025

Ready for Review-Hello, Could you clarify why the notary cannot be the witness? - Seller-02/27/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Mortgage document does not appear to meet witness requirements. Witness cannot be the notary. - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded. Please see email confirmation from notary that witness and notary person are not the same - Seller-03/04/2025

Ready for Review-Hello, Could you clarify why the notary cannot be the witness? - Seller-02/27/2025

Resolved-Received confirmation Security Deed executed acceptably. - Due Diligence Vendor-03/05/2025

Qualifying DTI below maximum allowed - Qualifying DTI 32.37 is lower than the guideline max of 49.99.

Months Reserves exceed minimum required - Guides require 4 months reserves and the borrower has 6 months.

LTV is less than guideline maximum - Qualifying LTV 75 is lower than the guideline max of 80.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 725 is more than 20 points higher than the guideline min of 660.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3386624

XXXX

1121231

XXXX

Closed

FCRE5790

2025-02-10 11:18

2025-02-28 14:36

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received Gap Report. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/27/2025

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/27/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3386188

XXXX

1121231

XXXX

Closed

FCOM5135

2025-02-07 10:44

2025-02-07 10:45

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-02/07/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3375293

XXXX

1121272

XXXX

Closed

FCRE8611

2025-02-06 11:16

2025-02-10 15:56

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Upon further review, the CPA letter in file supports phone number is not public, nothing further required. - Due Diligence Vendor-02/10/2025
Ready for Review-Document Uploaded. Please review the CPA letter again and waive the condition. - Seller-02/07/2025
Open-Missing verification of business phone number. Per guidelines - Business phone number must be verifiable via XXXX Search, XXXX or internet. - Due Diligence Vendor-02/06/2025

Ready for Review-Document Uploaded. Please review the CPA letter again and waive the condition. - Seller-02/07/2025

Resolved-Upon further review, the CPA letter in file supports phone number is not public, nothing further required. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 711 is more than 20 points higher than the guideline minimum of 660.

LTV is less than guideline maximum - Qualifying LTV 80% is less than the guideline max of 90%.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3365890

XXXX

1121248

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1091882

XXXX

Closed

FCRE8700

2025-02-10 15:05

2025-02-12 15:58

Resolved

1 - Information

Credit

Missing Doc - Credit

Missing EIN Number for Business Entity

Resolved-Business Entity EIN was provided. - Due Diligence Vendor-02/12/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/10/2025

Open-No EIN # provided - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded. Please see attached - Seller-02/10/2025

Resolved-Business Entity EIN was provided. - Due Diligence Vendor-02/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Score is 756 vs program min of 700

LTV is less than guideline maximum - LTV is 60% vs program max of 75%

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3389807

XXXX

1091825

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1121282

XXXX

Closed

finding-47

2025-02-13 10:05

2025-02-19 12:47

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Received PCCD XXXX with correct disbursement date of XXXX. - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. Please review the PCCD. - Seller-02/19/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. Please review the PCCD. - Seller-02/19/2025

Resolved-Received PCCD XXXX with correct disbursement date of XXXX. - Due Diligence Vendor-02/19/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FCIO 694

Months Reserves exceed minimum required - 8.9 months reserves vs. 4 required

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3415458

XXXX

1121282

XXXX

Closed

FCOM5135

2025-02-13 09:27

2025-02-13 09:30

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/13/2025

Open-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-02/13/2025

Waived-Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FCIO 694

Months Reserves exceed minimum required - 8.9 months reserves vs. 4 required

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

3414963

XXXX

1121271

XXXX

Closed

FCOM5135

2025-02-12 16:43

2025-03-07 08:37

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Upon further review, finding waived. Originator waiver applied to non-material Findings - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/26/2025

Open-Required Affiliated Business Disclosure Missing Missing affiliated business disclosure as required when title fees are present in Section B for proper fee testing. - Due Diligence Vendor-02/12/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/26/2025

Waived-Upon further review, finding waived. Originator waiver applied to non-material Findings - Due Diligence Vendor-02/28/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 718 is more than 20 points higher than the guideline min of 680.

LTV is less than guideline maximum - Qualifying LTV 70 is less than the guideline max of 90.

Months Reserves exceed minimum required - No reserves required and the borrower has 9 months.

Qualifying DTI below maximum allowed - Qualifying DTI 29.27 is lower than the guideline max of 49.99.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3411508

XXXX

1121271

XXXX

Closed

FCRE1440

2025-02-13 15:32

2025-03-06 12:57

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Letter of explanation provided. - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. Please see Lender Cert - Seller-03/05/2025

Open-Housing History Does Not Meet Guideline Requirements Guidelines state that for a first time homebuyer, either a 12 month rental history or a rent free letter from a relative are required. The rent free letter provided is from the borrowers business partner. - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. Please see Lender Cert - Seller-03/05/2025

Resolved-Letter of explanation provided. - Due Diligence Vendor-03/06/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3419807

XXXX

1121271

XXXX

Closed

FPRO0011

2025-02-13 15:46

2025-03-03 14:15

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. PDI - Seller-02/28/2025
Open-XXXX
Incident Period: XXXX and continuing
Subject county impacted by recent XXXX event and no appraisal commentary noted to address.
PDI report required - Due Diligence Vendor-02/14/2025

Ready for Review-Document Uploaded. PDI - Seller-02/28/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/03/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3419954

XXXX

1121271

XXXX

Closed

FCOM2328

2025-02-13 07:51

2025-02-28 09:27

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Escrow Account

Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Hello, Loan is an impound account that is why this section was not checked, please have this waived - Seller-02/26/2025

Open------Final CD, page 4 is missing reason for no escrow account established, either declined or lender does not offer one box is not checked. Provide a PCCD with correction within 60 days of consummation. - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. Hello, Loan is an impound account that is why this section was not checked, please have this waived - Seller-02/26/2025

Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3414169

XXXX

1121271

XXXX

Closed

FCOM1621

2025-02-13 15:38

2025-02-28 09:26

Resolved

1 - Information

Compliance

Missing Doc

Missing Initial Escrow Disclosure

Resolved-Received Initial Escrow Account Disclosure, Finding Resolved - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/26/2025

Open-Initial Escrow Account Disclosure is Missing - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. please see attached - Seller-02/26/2025

Resolved-Received Initial Escrow Account Disclosure, Finding Resolved - Due Diligence Vendor-02/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3419895

XXXX

1121299

XXXX

Closed

FCOM5135

2025-02-13 07:37

2025-02-13 09:23

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-02/13/2025

Months Reserves exceed minimum required - No reserves required and the borrower has 144 months.

Qualifying DTI below maximum allowed - Qualifying DTI 35.81% is lower than the guideline max of 49.99%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 779 is more than 20 points higher than the guideline min of 660.

LTV is less than guideline maximum - Qualifying LTV 49.18% is lower than the guideline max of 75%.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3414098

XXXX

1121300

XXXX

Closed

FCOM5135

2025-02-13 12:33

2025-03-07 08:38

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-07/16/2025

Ready for Review-Document Uploaded. PLease see attached - Seller-02/26/2025

Open-Required Affiliated Business Disclosure Missing ---- Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-02/13/2025

Ready for Review-Document Uploaded. PLease see attached - Seller-02/26/2025

Waived-Originator waiver applied to non-material Findings - Due Diligence Vendor-07/16/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 734 is more than 20 points higher than the guideline min of 660.

LTV is less than guideline maximum - Qualifying LTV 70 is less than the guideline max of 80.

Qualifying DTI below maximum allowed - Qualifying DTI 34.09 is less than the guideline max of 49.99.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3417571

XXXX

1121300

XXXX

Closed

FCRE0044

2025-02-27 15:38

2025-03-06 12:58

Resolved

1 - Information

Credit

Eligibility

File does not contain LOX for credit inquiries

Resolved-Inquiry letter provided. - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Please see LOE - Seller-03/05/2025
Open-LOX for credit inquiries is missing. *New* Please provide an LOE for the inquiry on XXXX reporting on the Gap Report. - Due Diligence Vendor-02/27/2025

Ready for Review-Document Uploaded. Please see LOE - Seller-03/05/2025

Resolved-Inquiry letter provided. - Due Diligence Vendor-03/06/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3496606

XXXX

1121300

XXXX

Closed

FCRE5782

2025-02-18 13:12

2025-02-27 15:36

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-02/27/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/26/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-02/18/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/26/2025

Resolved-Received Gap Report. - Due Diligence Vendor-02/27/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3440249

XXXX

1121304

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1091881

XXXX

Closed

FCRE1506

2025-02-14 16:55

2025-02-24 16:16

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received lender approval form reflecting correct document type and program. - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. See corrected approval - Seller-02/21/2025
Counter-Received notes XXXX mos bank statement program is allowed for program however Matrix dated XXXX Income Requirements only reflect Asset Util/Dep/WVOE/P&L only. (Approval received in file reflects as Full Doc). - Due Diligence Vendor-02/20/2025
Ready for Review-Please note that per the XXXX guidelines, Bank Statement are allowed for the NonQM Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. income finding - Due Diligence Vendor-02/14/2025

Ready for Review-Document Uploaded. See corrected approval - Seller-02/21/2025
Ready for Review-Please note that per the XXXX guidelines, Bank Statement are allowed for the NonQM Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025

Resolved-Received lender approval form reflecting correct document type and program. - Due Diligence Vendor-02/24/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 742

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's FICO 742

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3429315

XXXX

1091881

XXXX

Closed

FCRE8201

2025-02-14 14:11

2025-02-24 16:13

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-Received approval confirming program and document type.  - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. Please see corrected approval form - Seller-02/21/2025
Counter-Received notes 12-24 mos bank statement program is allowed for program however Matrix dated XXXX XXXX Alt Doc Income Requirements only reflect Asset Util/Dep/WVOE/P&L only.  (Approval received in file reflects as Full Doc).   - Due Diligence Vendor-02/20/2025
Ready for Review-Please note that per the XXXX guidelines, Bank Statement are allowed for the XXXX. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025
Open-Based on the XXXX Matrix, it does not  allow for Bank Statement Program  - Due Diligence Vendor-02/14/2025

Ready for Review-Document Uploaded. Please see corrected approval form - Seller-02/21/2025
Ready for Review-Please note that per the XXXX guidelines, Bank Statement are allowed for the XXXX Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025

Resolved-Received approval confirming program and document type. - Due Diligence Vendor-02/24/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 742

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's FICO 742

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3427888

XXXX

1121337

XXXX

Closed

FCRE1193

2025-02-18 16:44

2025-03-11 14:20

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-Received updated balance of new debt and excluded debt paid at close. Audited DTI of 49.99% is less than or equal to Guideline DTI of 49.99% - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Please see attached - Seller-03/10/2025
Open-Audited DTI of 53.35% exceeds Guideline DTI of 49.99% Per credit inquiry letter, new credit card account was opened. Lender did not include in the DTI. XXXX XXXX. Total purchases XXXX not yet due and payable. Per guidelines, 5% of the outstanding balance to be added to the DTI. - Due Diligence Vendor-02/18/2025

Ready for Review-Document Uploaded. Please see attached - Seller-03/10/2025

Resolved-Received updated balance of new debt and excluded debt paid at close. Audited DTI of 49.99% is less than or equal to Guideline DTI of 49.99% - Due Diligence Vendor-03/11/2025

Months Reserves exceed minimum required - 24 mths reserves; 0 mths required.

LTV is less than guideline maximum - 57.95% VS. 75% max available

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3441969

XXXX

1121337

XXXX

Closed

FCRE5782

2025-02-18 16:23

2025-03-11 14:19

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received gap report. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/26/2025

Open-Borrower 1 Gap Credit Report is Missing No Gap Rep on file - Due Diligence Vendor-02/19/2025

Ready for Review-Document Uploaded. Soft pull - Seller-02/26/2025

Resolved-Received gap report. - Due Diligence Vendor-02/28/2025

Months Reserves exceed minimum required - 24 mths reserves; 0 mths required.

LTV is less than guideline maximum - 57.95% VS. 75% max available

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3441840

XXXX

1121337

XXXX

Closed

FCOM5135

2025-02-14 13:41

2025-02-14 13:57

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.

- Due Diligence Vendor-02/14/2025

Months Reserves exceed minimum required - 24 mths reserves; 0 mths required.

LTV is less than guideline maximum - 57.95% VS. 75% max available

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3427606

XXXX

1121335

XXXX

Closed

FCRE5782

2025-02-24 08:27

2025-03-05 14:59

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. Soft pull - Seller-03/04/2025

Open-Borrower 1 Gap Credit Report is Missing Missing Gap Cred - Due Diligence Vendor-02/24/2025

Ready for Review-Document Uploaded. Soft pull - Seller-03/04/2025

Resolved-Received Gap Report - Due Diligence Vendor-03/05/2025

LTV is less than guideline maximum - LTV of 43.75% is below the maximum of 80% allowed per guidelines.

Qualifying DTI below maximum allowed - DTI of 25.36% is less than the maximum allowed per guidelines of 49.99%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3467787

XXXX

1121335

XXXX

Closed

FCOM5135

2025-02-19 16:46

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing . Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/16/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3450480

XXXX

1121431

XXXX

Closed

finding-3635

2025-03-05 12:15

2025-03-14 09:05

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Received PCCD XXXX with corrected fee placement. Finding resolved. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. The fees listed in section C of the FCD should've been in section B, but they were misplaced due to a system glitch. Please review the attached corrected PCCD. - Seller-03/13/2025
Counter-Fees in Section C do not factor in the 10% Tolerance bucket when it is a Borrower's Selected vendor. - Due Diligence Vendor-03/12/2025
Ready for Review-Under TRID, fees subject to the 10% Cumulative Tolerance (C+E) category. The tolerance should be calculated cumulatively. Please review again.  - Seller-03/10/2025
Counter-Received copy of page 2 of intial LE and Final CD, stating that fees in Section C added to Recording fee in Section E decreased.  Fees in Section C are not subject to 10% tolerance and would not be included in this calculation.  Only title fees in Section B and recording fees are subject to the 10% tolerance fee.  Recording fee on inital LE, XXXX plus the 10% tolerance is XXXX.  This amount is exceeded by XXXX when compared to the final CD recording fee of XXXX.  Finding remains. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please review the LE and CD again. Nothing has been increased.  - Seller-03/06/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ...Ten (10%) tolerance fees (Recording Fee) increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. The fees listed in section C of the FCD should've been in section B, but they were misplaced due to a system glitch. Please review the attached corrected PCCD. - Seller-03/13/2025

Ready for Review-Under TRID, fees subject to the 10% Cumulative Tolerance (C+E) category. The tolerance should be calculated cumulatively. Please review again. - Seller-03/10/2025

Ready for Review-Document Uploaded. Please review the LE and CD again. Nothing has been increased. - Seller-03/06/2025

Resolved-Received PCCD XXXX with corrected fee placement. Finding resolved. - Due Diligence Vendor-03/14/2025

Qualifying DTI below maximum allowed - DTI 36.24% is lower than the 49.99%

Qualifying FICO score is at least 20 points above minimum for program - FICO 784 is higher than the 660 minimum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3533703

XXXX

1121431

XXXX

Closed

FCOM5135

2025-03-05 12:52

2025-03-05 12:53

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-03/05/2025

Qualifying DTI below maximum allowed - DTI 36.24% is lower than the 49.99%

Qualifying FICO score is at least 20 points above minimum for program - FICO 784 is higher than the 660 minimum

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3534467

XXXX

1120044

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1121255

XXXX

Closed

FPRO0021

2025-02-24 15:17

2025-02-27 14:31

Resolved

1 - Information

Property

FEMA disaster (Individual) after appraisal without a PDI or 1004D

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025
Ready for Review-Document Uploaded. Please find the attached PDI - Seller-02/25/2025
Open-California XXXX. PDI Required - Due Diligence Vendor-02/24/2025

Ready for Review-Document Uploaded. Please find the attached PDI - Seller-02/25/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025

Months Reserves exceed minimum required - Guides do not require any reserves and the borrower has 106 months.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline min of 660.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3472020

XXXX

1121349

XXXX

Closed

FCRE5782

2025-02-25 09:35

2025-03-07 14:14

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/07/2025

Ready for Review-Document Uploaded. soft pull - Seller-03/05/2025

Open-Borrower 1 Gap Credit Report is Missing B1 & B2 Gap Credit Report is Missing - Due Diligence Vendor-02/25/2025

Ready for Review-Document Uploaded. soft pull - Seller-03/05/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/07/2025

Months Reserves exceed minimum required - 59 months available vs. 0 required

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 810.

LTV is less than guideline maximum - 65% LTV vs. max LTV of 90%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3475563

XXXX

1121349

XXXX

Closed

FCRE8611

2025-02-25 11:23

2025-03-07 14:12

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Upon further review, tax preparer states phone number of the business is not required to be listed for the nature of the business. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please see attached print screen of cpa letter included in the closing package - Seller-03/05/2025
Open-Verification of business phone number required. Per guidelines - Business phone number must be verifiable via XXXX Search, XXXX or internet. - Due Diligence Vendor-02/25/2025

Ready for Review-Document Uploaded. Please see attached print screen of cpa letter included in the closing package - Seller-03/05/2025

Resolved-Upon further review, tax preparer states phone number of the business is not required to be listed for the nature of the business. - Due Diligence Vendor-03/07/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3477203

XXXX

1121349

XXXX

Closed

FCOM5135

2025-02-21 13:52

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/21/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3463893

XXXX

1121432

XXXX

Closed

FCOM5135

2025-02-21 10:54

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-02/21/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 761 is higher than the minimum required score of 660

On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 22 months

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3461360

XXXX

1121454

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1121434

XXXX

Closed

FCRE5782

2025-03-04 10:31

2025-03-07 13:59

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/07/2025

Ready for Review-Document Uploaded. soft pull - Seller-03/05/2025

Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report for B1. - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded. soft pull - Seller-03/05/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/07/2025

Qualifying DTI below maximum allowed - 39.43% vs. max DTI of 49.99%

Months Reserves exceed minimum required - 22.63 months available vs. 4 required

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3521916

XXXX

1121434

XXXX

Closed

FCOM5135

2025-03-03 13:53

2025-03-03 14:19

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.

- Due Diligence Vendor-03/03/2025

Qualifying DTI below maximum allowed - 39.43% vs. max DTI of 49.99%

Months Reserves exceed minimum required - 22.63 months available vs. 4 required

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3515060

XXXX

1121458

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121430

XXXX

Closed

FCOM5135

2025-02-25 10:55

2025-02-25 11:53

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings.
- Due Diligence Vendor-02/25/2025

Qualifying DTI below maximum allowed - The Borrowers DTI is 40.76%; guideline maximum is 49.99%

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 774; guideline minimum is 660.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3476435

XXXX

1121470

XXXX

Closed

FCRE7347

2025-03-10 09:25

2025-03-12 14:53

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-Received lease agreements. - Due Diligence Vendor-03/12/2025
Open-Missing Lease Agreements for XXXX properties listed under XXXX on Final CD: XXXX. Audit used lease figures reflect on Final CD. Lease amounts to be verified, Additional conditions may apply. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Please review the lease agreements - Seller-03/11/2025

Ready for Review-Document Uploaded. Please review the lease agreements - Seller-03/11/2025

Resolved-Received lease agreements. - Due Diligence Vendor-03/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Score is 725 and minimum allowed is 660.

Months Reserves exceed minimum required - Borrower has 19.38 months of reserves and minimum required is 6.

LTV is less than guideline maximum - LTV is 61.37% and max allowed is 80%.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3567967

XXXX

1121470

XXXX

Closed

FCRE8611

2025-03-10 14:30

2025-03-12 14:49

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please review the docu - Seller-03/11/2025
Open-Missing Verification on business phone number - Per guidelines Business phone number verification via XXXX Search, XXXX or internet is required. Otherwise, CPA must verify the borrower’s nature of business and confirm that the business phone number is not required for the type of business being operated by the borrower - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded. Please review the docu - Seller-03/11/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/12/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3572858

XXXX

1121471

XXXX

Closed

FCRE1205

2025-03-10 10:52

2025-03-27 09:30

Resolved

1 - Information

Credit

Eligibility

OFAC Check Not Completed and/or Cleared

Resolved-Received updated fraud report - Due Diligence Vendor-03/27/2025
Open-XXXX Check Not Completed and/or Cleared for the broker and the underwriter. Per guides Section 17.11 (PAGE 34) , if any of the companies or individuals involved in
the origination, UNDERWRITING , or servicing of the mortgage transaction are on any of the following lists: XXXX List. Regardless of the reason or the scope for the party being excluded, any party to the transaction included on either list will result in the loan being ineligible for delivery. - Due Diligence Vendor-03/10/2025

Resolved-Received updated fraud report - Due Diligence Vendor-03/27/2025

Qualifying FICO score is at least 20 points above minimum for program - Score is 725 and minimum allowed is 660.

LTV is less than guideline maximum - LTV is 60.99% and max allowed is 80%.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3569245

XXXX

1121471

XXXX

Closed

FCRE8611

2025-03-10 15:20

2025-03-12 14:30

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please find the attached verification of business phone search. - Seller-03/10/2025
Open-Missing verification of business phone search. Per guidelines Business phone number verification via XXXX Search, XXXX or internet is required. Otherwise, CPA must verify the borrower’s nature of business and confirm that the business phone number is not required for the type of business being operated by the borrower.” - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded. Please find the attached verification of business phone search. - Seller-03/10/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Score is 725 and minimum allowed is 660.

LTV is less than guideline maximum - LTV is 60.99% and max allowed is 80%.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3573779

XXXX

1121471

XXXX

Closed

FCRE7347

2025-03-10 11:02

2025-03-12 14:28

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-Received lease agreements. - Due Diligence Vendor-03/12/2025
Open-Missing Lease Agreements for XXXX REO's listed in Section XXXX on Final 1003: XXXX. Audit used rental income listed on Final 1003. Additional conditions may apply. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Please find the attached Lease Agreements for XXXX and XXXX, the one for 230 is in the package. - Seller-03/10/2025

Ready for Review-Document Uploaded. Please find the attached Lease Agreements for XXXX and XXXX, the one for XXXX is in the package. - Seller-03/10/2025

Resolved-Received lease agreements. - Due Diligence Vendor-03/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Score is 725 and minimum allowed is 660.

LTV is less than guideline maximum - LTV is 60.99% and max allowed is 80%.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3569367

XXXX

1121340

XXXX

Closed

FPRO0021

2025-02-25 13:12

2025-02-28 13:56

Resolved

1 - Information

Property

FEMA disaster (Individual) after appraisal without a PDI or 1004D

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. PDI attached - Seller-02/26/2025
Open-FEMA disaster after appraisal without a Individual PDI or 1004D. XXXX. No comment was noted by Appraiser - Due Diligence Vendor-02/25/2025

Ready for Review-Document Uploaded. PDI attached - Seller-02/26/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/28/2025

Qualifying DTI below maximum allowed - 30.05% vs. 49.99%

Months Reserves exceed minimum required - 12 months available vs. 4 required

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3478397

XXXX

1121340

XXXX

Closed

FPRO0022

2025-02-25 13:12

2025-02-25 14:25

Waived

2 - Non-Material

Property

FEMA disaster (Public) after appraisal without a PDI or 1004D

Waived-Originator waiver applied to non material finding with comp factors. - Due Diligence Vendor-02/25/2025
Open-FEMA disaster after appraisal without a Public PDI or 1004D. XXXX. No comment was noted by Appraiser - Due Diligence Vendor-02/25/2025

Waived-Originator waiver applied to non material finding with comp factors. - Due Diligence Vendor-02/25/2025

Qualifying DTI below maximum allowed - 30.05% vs. 49.99%

Months Reserves exceed minimum required - 12 months available vs. 4 required

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

3478398

XXXX

1121340

XXXX

Closed

FCOM5135

2025-02-24 10:00

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.
- Due Diligence Vendor-02/24/2025

Qualifying DTI below maximum allowed - 30.05% vs. 49.99%

Months Reserves exceed minimum required - 12 months available vs. 4 required

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

3468454

XXXX

1121363

XXXX

Closed

FCRE5782

2025-02-25 17:48

2025-02-28 13:40

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap credit report. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. soft pull - Seller-02/26/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-02/25/2025

Ready for Review-Document Uploaded. soft pull - Seller-02/26/2025

Resolved-Received Gap credit report. - Due Diligence Vendor-02/28/2025

Qualifying FICO score is at least 20 points above minimum for program - The Borrower credit score is 737; guideline minimum is 680.

LTV is less than guideline maximum - LTV is 70%; guideline maximum is 85%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3480809

XXXX

1121363

XXXX

Closed

FCRE1201

2025-02-25 17:49

2025-02-28 13:37

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Received complete Fraud Report. - Due Diligence Vendor-02/28/2025

Ready for Review-fraud guard - Seller-02/26/2025

Open-Missing Third Party Fraud Report - Due Diligence Vendor-02/25/2025

Ready for Review-fraud guard - Seller-02/26/2025

Resolved-Received complete Fraud Report. - Due Diligence Vendor-02/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3480897

XXXX

1121363

XXXX

Closed

FPRO0011

2025-02-25 18:00

2025-02-26 14:54

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-Appraisal completed after incident end date. Appraiser comments: There were no measurable areas of functional or external obsolescence observed - Due Diligence Vendor-02/26/2025
Open-XXXX
Incident Period: XXXX
Major Disaster Declaration declared on XXXX

Appraisal Completed XXXX No structural damage. - Due Diligence Vendor-02/25/2025

Resolved-Appraisal completed after incident end date. Appraiser comments: There were no measurable areas of functional or external obsolescence observed - Due Diligence Vendor-02/26/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3480947

XXXX

1121363

XXXX

Closed

FPRO0012

2025-02-25 18:00

2025-02-26 14:42

Resolved

1 - Information

Property

FEMA disaster declared PUBLIC ONLY

Resolved- - Due Diligence Vendor-02/26/2025
Open-XXXX)
Incident Period: XXXX
Major Disaster Declaration declared on XXXX

Appraisal Completed XXXX No structural damage. - Due Diligence Vendor-02/25/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3480948

XXXX

1121298

XXXX

Closed

FCRE1206

2025-02-27 12:44

2025-03-19 15:35

Resolved

1 - Information

Credit

Eligibility

All Interested Parties Not Checked with Exclusionary Lists

Resolved-Received Fraud report with cleared alerts. - Due Diligence Vendor-03/19/2025

Ready for Review-Document Uploaded. Please review the revised report. - Seller-03/18/2025

Counter-Fraud report with Realtor provided, however there are uncleared high alerts. Finding remains. - Due Diligence Vendor-03/07/2025

Ready for Review-Document Uploaded. Please review the report. - Seller-03/06/2025

Open-All Interested Parties Not Checked with Exclusionary Lists Realtor not included on Search. Appraiser is not listed, but file include a License. Appraiser not considered in defect. - Due Diligence Vendor-02/27/2025

Ready for Review-Document Uploaded. Please review the revised report. - Seller-03/18/2025

Ready for Review-Document Uploaded. Please review the report. - Seller-03/06/2025

Resolved-Received Fraud report with cleared alerts. - Due Diligence Vendor-03/19/2025

Months Reserves exceed minimum required - Over 300 months reserves; 6 months reserves required

Qualifying FICO score is at least 20 points above minimum for program - o Qualifying FICO score 803; guidelines require 680

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3494415

XXXX

1121424

XXXX

Closed

FPRO0011

2025-03-07 05:31

2025-03-21 16:35

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025
Counter-Appraiser inspection date is XXXX and the disaster end date is XXXX. Please provide a PDI. - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded. Please review the Lender certificate regarding XXXX disaster. Please advise if this one can waive this condition or not. - Seller-03/11/2025
Open-XXXX. Appraisal dated XXXX no commentary made by appraiser regarding XXXX disaster. - Due Diligence Vendor-03/07/2025

Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025
Ready for Review-Document Uploaded. Please review the Lender certificate regarding XXXX disaster. Please advise if this one can waive this condition or not. - Seller-03/11/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025

Months Reserves exceed minimum required - Guidelines require 0 months of reserves. Qualifying reserves are 5.89 months.

Qualifying FICO score is at least 20 points above minimum for program - FICO 721 is higher than 660 minimum requirement

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3552630

XXXX

1121428

XXXX

Closed

FCOM5135

2025-02-28 09:20

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/28/2025

Qualifying DTI below maximum allowed - 41.07% vs. 49.99% max allowed

Qualifying FICO score is at least 20 points above minimum for program - 776 vs. minimum FICO of 660

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

3500662

XXXX

1121429

XXXX

Closed

FCRE1201

2025-03-06 13:33

2025-03-17 15:28

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Received Fraud Report. - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. fraud guard - Seller-03/07/2025

Open-Missing Third Party Fraud Report Missing Fraud Rep - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. fraud guard - Seller-03/07/2025

Resolved-Received Fraud Report. - Due Diligence Vendor-03/11/2025

LTV is less than guideline maximum - 47.43% LTV vs. max of 80%

Qualifying FICO score is at least 20 points above minimum for program - 808 vs. 660 minimum FICO

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3547205

XXXX

1121429

XXXX

Closed

FCRE1204

2025-03-11 13:38

2025-03-17 15:28

Resolved

1 - Information

Credit

Eligibility

Fraud Report Shows Uncleared Alerts

Resolved-Received documentation to support Alerts have been cleared - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. RED ALERTS - Seller-03/14/2025

Counter-Document was not attached. Please re-upload. - Due Diligence Vendor-03/13/2025

Ready for Review-see red alert cleared - Seller-03/12/2025

Open-*New* Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. RED ALERTS - Seller-03/14/2025

Ready for Review-see red alert cleared - Seller-03/12/2025

Resolved-Received documentation to support Alerts have been cleared - Due Diligence Vendor-03/17/2025

LTV is less than guideline maximum - 47.43% LTV vs. max of 80%

Qualifying FICO score is at least 20 points above minimum for program - 808 vs. 660 minimum FICO

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3583227

XXXX

1121429

XXXX

Closed

FCRE5782

2025-03-06 13:32

2025-03-11 13:33

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. soft pulll - Seller-03/07/2025

Open-Borrower 1 Gap Credit Report is Missing Missing Gap Rep - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. soft pulll - Seller-03/07/2025

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/11/2025

LTV is less than guideline maximum - 47.43% LTV vs. max of 80%

Qualifying FICO score is at least 20 points above minimum for program - 808 vs. 660 minimum FICO

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3547190

XXXX

1121437

XXXX

Closed

FCRE5782

2025-03-10 12:59

2025-03-12 15:23

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/12/2025

Open-Borrower 1 Gap Credit Report is Missing . - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. Soft pull - Seller-03/10/2025

Ready for Review-Document Uploaded. Soft pull - Seller-03/10/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/12/2025

Qualifying DTI below maximum allowed - DTI is 39.08% and max allowed is 49.99%

Qualifying FICO score is at least 20 points above minimum for program - Score is 787 and minimum required is 660.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3571358

XXXX

1121437

XXXX

Closed

FCOM5135

2025-03-07 11:33

2025-03-07 11:34

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-03/07/2025

Qualifying DTI below maximum allowed - DTI is 39.08% and max allowed is 49.99%

Qualifying FICO score is at least 20 points above minimum for program - Score is 787 and minimum required is 660.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3556236

XXXX

1121435

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1091883

XXXX

Closed

FCRE7375

2025-02-28 12:53

2025-03-10 15:22

Resolved

1 - Information

Credit

Borrower

Citizenship Does Not Meet Guideline Requirements

Resolved-Received appointment letter. Package contained valid Passport from country of origin and is acceptable. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/07/2025
Open-The borrower's XXXX Passport expired prior to Note Date. Provide updated XXXX Visa. - Due Diligence Vendor-02/28/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-03/07/2025

Resolved-Received appointment letter. Package contained valid Passport from country of origin and is acceptable. - Due Diligence Vendor-03/10/2025

DSCR % greater than 1.20 - DSCR % greater than 1.20. Brw's DSCR % 1.25.

LTV is less than guideline maximum - Max LTV for FN is 70%- Brw's LTV 51.013%

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3503562

XXXX

1121427

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

XXXX

1121466

XXXX

Closed

FCRE5116

2025-03-06 09:38

2025-03-11 14:36

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-Received Payment History. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. please see 2nd page for payment history - Seller-03/10/2025
Counter-Verification of XXXX provided, Please provide the payment history for XXXX. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing for subject property and properties not listed on the 1003. - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. please see 2nd page for payment history - Seller-03/10/2025

Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025

Resolved-Received Payment History. - Due Diligence Vendor-03/11/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 769 is more than 20 points higher than the guideline min of 700.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 13 months.

Qualifying DTI below maximum allowed - Qualifying DTI 25.14 is lower than the guideline max of 49.99.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3543203

XXXX

1121466

XXXX

Closed

FCRE7497

2025-03-05 18:00

2025-03-11 14:35

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Received HOI and Mortgage Statement for the 2nd lien. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Please see HOI for XXXX and all mortgage statements for property XXXX - Seller-03/10/2025
Counter-REO documentation provided, however we are missing HOI for XXXX and 2nd lien for property XXXX. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025
Open-No documentation or statement provided to address any potential HOA dues for properties XXXX and XXXX. Additional properties appear to be owned that are not listed on the 1003 and documentation is not provided to support the expenses (XXXX). - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. Please see HOI for XXXX and all mortgage statements for property XXXX - Seller-03/10/2025
Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025

Resolved-Received HOI and Mortgage Statement for the 2nd lien. - Due Diligence Vendor-03/11/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3538475

XXXX

1121466

XXXX

Closed

FCRE8887

2025-03-05 18:01

2025-03-10 14:24

Resolved

1 - Information

Credit

Missing Doc

Missing or Incomplete 1003

Resolved-Received Updated 1003. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. please see post 1003 and all REOs. REO XXXX and XXXX are in page 10 of 1003 - Seller-03/06/2025
Open-Section 3 of the Final 1003 is incomplete and missing REO information for all properties owned. Additional conditions may apply - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. please see post 1003 and all REOs. REO 3d and 3e are in page 10 of 1003 - Seller-03/06/2025

Resolved-Received Updated 1003. - Due Diligence Vendor-03/10/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3538477

XXXX

1121466

XXXX

Closed

FCRE1152

2025-03-06 13:14

2025-03-10 14:15

Resolved

1 - Information

Credit

Missing Doc

Evidence of Property Tax Missing

Resolved-Received tax verification. - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025

Open-Missing Evidence of Property Tax - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. please see all REO documents - Seller-03/06/2025

Resolved-Received tax verification. - Due Diligence Vendor-03/10/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3546948

XXXX

1121466

XXXX

Closed

FCRE3464

2025-03-06 13:19

2025-03-10 14:13

Resolved

1 - Information

Credit

Missing Doc

Missing Closing/Final Verbal VOE

Resolved-Received Internet Search. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. please business phone number verification - Seller-03/06/2025
Open-Missing Business phone number verification via XXXX Search, XXXX or internet - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. please business phone number verification - Seller-03/06/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/10/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

3547032

XXXX

1121474

XXXX

Closed

FCRE6843

2025-03-11 12:30

2025-03-19 17:15

Resolved

1 - Information

Credit

Assets

Asset General

Resolved-Received EMD. - Due Diligence Vendor-03/19/2025

Ready for Review-Document Uploaded. Hello please see proof of EMD - Seller-03/18/2025

Open-Earnest Money Deposit: the source needs to be verified - as there is no borrower contribution - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. Hello please see proof of EMD - Seller-03/18/2025

Resolved-Received EMD. - Due Diligence Vendor-03/19/2025

Qualifying FICO score is at least 20 points above minimum for program - Fico 780 is higher than the minimum required 660

Qualifying DTI below maximum allowed - 32.77% DTI below max allowed of 49.99%

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3582294

XXXX

1121474

XXXX

Closed

FCRE8611

2025-03-11 12:21

2025-03-17 14:32

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received EA verification. - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. Hello please see CPA VERIFIED - Seller-03/14/2025

Open-Missing CPA Validation - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. Hello please see CPA VERIFIED - Seller-03/14/2025

Resolved-Received EA verification. - Due Diligence Vendor-03/17/2025

Qualifying FICO score is at least 20 points above minimum for program - Fico 780 is higher than the minimum required 660

Qualifying DTI below maximum allowed - 32.77% DTI below max allowed of 49.99%

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3582208

XXXX

1121474

XXXX

Closed

FCRE1157

2025-03-11 14:19

2025-03-17 14:30

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Missing

Resolved-Received corrected Post CD. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Hello please see post cd to correct the name of the HOI. - Seller-03/13/2025
Open-Missing Hazard Insurance Policy Missing policy with XXXX Security Insurance (per Final CD) - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. Hello please see post cd to correct the name of the HOI. - Seller-03/13/2025

Resolved-Received corrected Post CD. - Due Diligence Vendor-03/17/2025

Qualifying FICO score is at least 20 points above minimum for program - Fico 780 is higher than the minimum required 660

Qualifying DTI below maximum allowed - 32.77% DTI below max allowed of 49.99%

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3583833

XXXX

1121474

XXXX

Closed

FCRE5782

2025-03-11 12:08

2025-03-13 14:25

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/13/2025

Ready for Review-Document Uploaded. Please See Softpull - Seller-03/12/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. Please See Softpull - Seller-03/12/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Fico 780 is higher than the minimum required 660

Qualifying DTI below maximum allowed - 32.77% DTI below max allowed of 49.99%

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3582010

XXXX

1121280

XXXX

Closed

FCRE5782

2025-03-04 12:51

2025-03-10 13:53

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded. Please See Softpull - Seller-03/07/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-03/04/2025

Ready for Review-Document Uploaded. Please See Softpull - Seller-03/07/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/10/2025

Qualifying FICO score is at least 20 points above minimum for program - 728 vs. minimum FICO of 660

Qualifying DTI below maximum allowed - 43.70% vs. max DTI of 49.99%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3524202

XXXX

1121280

XXXX

Closed

FCOM5135

2025-03-04 08:43

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/04/2025

Qualifying FICO score is at least 20 points above minimum for program - 728 vs. minimum FICO of 660

Qualifying DTI below maximum allowed - 43.70% vs. max DTI of 49.99%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3520550

XXXX

1121457

XXXX

Closed

FCRE1440

2025-03-06 15:49

2025-03-11 09:03

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Note for the second lien indicates no payments and no interest. - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded. The second lien is a mortgage with no monthly payments, so the payment history has not been provided. Please reconsider and clear the condition - Seller-03/11/2025

Open-Housing History Does Not Meet Guideline Requirements Missing 12 month pay history for 2nd lien (private mortgage) that was paid off at closing. - Due Diligence Vendor-03/06/2025

Ready for Review-Document Uploaded. The second lien is a mortgage with no monthly payments, so the payment history has not been provided. Please reconsider and clear the condition - Seller-03/11/2025

Resolved-Note for the second lien indicates no payments and no interest. - Due Diligence Vendor-03/11/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 740 credit score. Qualifying credit score is 800.

Credit history exceeds minimum required - Over 10 years of credit history

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3549347

XXXX

1121457

XXXX

Closed

FCOM5135

2025-03-05 10:20

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/05/2025

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3531553

XXXX

1121460

XXXX

Closed

FCOM5135

2025-03-06 19:13

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025

Qualifying FICO score is at least 20 points above minimum for program - 744 vs. minimum 660

Months Reserves exceed minimum required - 3.59 available vs. 0 required

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3551134

XXXX

1121478

XXXX

Closed

FCRE8611

2025-03-12 12:04

2025-03-17 14:34

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please find the attached business phone number verification. - Seller-03/13/2025
Open-Missing business phone number verification via XXXX Search, XXXX.com or internet or CPA statement indicating a business number is not required. - Due Diligence Vendor-03/12/2025

Ready for Review-Document Uploaded. Please find the attached business phone number verification. - Seller-03/13/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/17/2025

Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 35.82%.

Months Reserves exceed minimum required - 115.94 months reserves are higher than the 9 month minimum required

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3592476

XXXX

1121348

XXXX

Closed

FPRO0011

2025-03-11 16:50

2025-03-21 16:47

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025
Counter-A PDI is required to clear this finding. - Due Diligence Vendor-03/14/2025
Ready for Review-Please review the Lender Certification and advise if this condition can be cleared or not. - Seller-03/13/2025
Open-XXXX No commentary noted by appraiser surrounding the FEMA disaster. - Due Diligence Vendor-03/12/2025

Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025

Ready for Review-Please review the Lender Certification and advise if this condition can be cleared or not. - Seller-03/13/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%. Qualifying DTI is 43.55%.

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score. Qualifying credit score is 772.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3585918

XXXX

1121348

XXXX

Closed

FCRE1198

2025-03-12 06:03

2025-03-12 06:12

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Originator waiver applied to non material finding with comp factors. Deemed non material less than 1 month short reserves. Asset 2 was expired and removed from audit. B1 is not a first time homebuyer. - Due Diligence Vendor-03/12/2025

Open-Audited Reserves of 3.09 month(s) are less than Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-03/12/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3588685

XXXX

1121348

XXXX

Closed

FCOM5135

2025-03-06 21:09

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3551435

XXXX

1121465

XXXX

Closed

finding-3634

2025-03-06 21:54

2025-03-14 08:59

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Received COC XXXX. Finding resolved. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded.  - Seller-03/13/2025
Open-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by XXXX (POA Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-03/07/2025

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

Months Reserves exceed minimum required - Guides require 4 months reserves and the borrower has over 5 months.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 757 is more than 20 points higher than the guideline min of 660.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3551474

XXXX

1121473

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1121477

XXXX

Closed

FCRE1159

2025-03-13 13:16

2025-03-19 15:41

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Received PCCD. Disbursement date was XXXX - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Please review the PCCD. - Seller-03/18/2025
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX and Disbursement Date is XXXX - Due Diligence Vendor-03/13/2025

Ready for Review-Document Uploaded. Please review the PCCD. - Seller-03/18/2025

Resolved-Received PCCD. Disbursement date was XXXX - Due Diligence Vendor-03/19/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 743 is more than 20 points higher than the guideline min of 700.

Qualifying DTI below maximum allowed - Qualifying DTI 24.03% is lower than the guideline max of 49.99%

Months Reserves exceed minimum required - Guides do not require reserves and the borrower has 12 months.

LTV is less than guideline maximum - Qualifying LTV 54.52% is lower than the guideline max of 70%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3604925

XXXX

1121477

XXXX

Closed

FCRE1163

2025-03-13 13:16

2025-03-19 15:41

Resolved

1 - Information

Credit

Insurance

Flood Certification Date is greater than Note Date

Resolved-Received Initial Flood Cert. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Please review the Flood Cert. - Seller-03/18/2025
Open-Flood Certification Date is greater than XXXX - Due Diligence Vendor-03/13/2025

Ready for Review-Document Uploaded. Please review the Flood Cert. - Seller-03/18/2025

Resolved-Received Initial Flood Cert. - Due Diligence Vendor-03/19/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3604926

XXXX

1121499

XXXX

Closed

FCRE6763

2025-03-14 10:40

2025-03-14 12:42

Resolved

1 - Information

Credit

Income/Employment

Income documentation does not meet guidelines

Resolved-The WVOE provided is an exact duplicate of XXXX for 1005, it's printed from XXXX. - Due Diligence Vendor-03/14/2025
Open-Income verified through WVOE. However, does not meet guideline as WVOE is an equivalent form and not Form 1005 as stated in the guideline. - Due Diligence Vendor-03/14/2025

Resolved-The WVOE provided is an exact duplicate of FNMA for 1005, it's printed from XXXX. - Due Diligence Vendor-03/14/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 806 is at least 20 points above minimum for program

LTV is less than guideline maximum - LTV 53.5% is less than guideline maximum 80%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3613194

XXXX

1121499

XXXX

Closed

FCOM5135

2025-03-12 09:19

2025-03-12 09:44

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/12/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3589963

XXXX

1121500

XXXX

Closed

FCRE1159

2025-03-14 16:02

2025-03-20 15:57

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Received PCCD with a disbursement date of XXXX. - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. Please review the PCCD. - Seller-03/19/2025
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX (Disb Date XXXX) - Due Diligence Vendor-03/17/2025

Ready for Review-Document Uploaded. Please review the PCCD. - Seller-03/19/2025

Resolved-Received PCCD with a disbursement date of XXXX. - Due Diligence Vendor-03/20/2025

Verified employment history exceeds guidelines - Verified employment history exceed 24 month minimum required.

Qualifying FICO score is at least 20 points above minimum for program - FICO 805 is higher than the 660 minimum required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3617775

XXXX

1121500

XXXX

Closed

FCOM5135

2025-03-13 10:17

2025-03-13 10:37

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/13/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3601935

XXXX

1121479

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1121476

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1121273

XXXX

Closed

FCRE5783

2025-03-14 10:26

2025-03-24 15:09

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-03/24/2025

Ready for Review-Document Uploaded. Please review the Borrower 2 Gap Credit Report. - Seller-03/20/2025

Open-Borrower 2 Gap Credit Report is Missing Missing gap credit report for B2. - Due Diligence Vendor-03/14/2025

Ready for Review-Document Uploaded. Please review the Borrower 2 Gap Credit Report. - Seller-03/20/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/24/2025

Qualifying FICO score is at least 20 points above minimum for program - 733 qualifying FICO score, 660 minimum required.

LTV is less than guideline maximum - 47.57% LTV ratio, 80% maximum allowed.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3612966

XXXX

1121273

XXXX

Closed

FPRO0021

2025-03-14 11:10

2025-03-21 16:54

Resolved

1 - Information

Property

FEMA disaster (Individual) after appraisal without a PDI or 1004D

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025
Open-XXXX disaster after appraisal without a Individual PDI or 1004D. XXXX; Individual Assistance. Post Disaster inspection Required.
- Due Diligence Vendor-03/14/2025

Ready for Review-Document Uploaded. Please review the PDI report. - Seller-03/20/2025

Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/21/2025

Qualifying FICO score is at least 20 points above minimum for program - 733 qualifying FICO score, 660 minimum required.

LTV is less than guideline maximum - 47.57% LTV ratio, 80% maximum allowed.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

3613563

XXXX

1121442

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1121550

XXXX

Closed

FCRE5782

2025-03-20 14:21

2025-03-27 15:21

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Borrower 1 Gap Credit Report received. - Due Diligence Vendor-07/16/2025

Ready for Review-Document Uploaded. Hello please see softpull. - Seller-03/26/2025

Open-Borrower 1 Gap Credit Report is Missing -Missing Borrower 1 Gap Credit Report - Due Diligence Vendor-03/20/2025

Ready for Review-Document Uploaded. Hello please see softpull. - Seller-03/26/2025

Resolved-Borrower 1 Gap Credit Report received. - Due Diligence Vendor-07/16/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 750 is higher than the 660 minimum score required

Verified employment history exceeds guidelines - Verified employment history 3+ years exceed minimum required of 24 monthsn

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3660750

XXXX

1121498

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121395

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1121508

XXXX

Closed

FCRE1316

2025-03-19 10:29

2025-03-25 13:42

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Received VVOE. - Due Diligence Vendor-03/25/2025

Ready for Review-Document Uploaded. please see VVOE - Seller-03/21/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing Per guides, income must be verbally verified within: 120 days prior to the note date (or the date a construction-to-permanent loan is converted to permanent financing) for self-employment income. The loan file is missing documentation to show the borrower's self-employment was verbally verified. - Due Diligence Vendor-03/19/2025

Ready for Review-Document Uploaded. please see VVOE - Seller-03/21/2025

Resolved-Received VVOE. - Due Diligence Vendor-03/25/2025

Qualifying FICO score is at least 20 points above minimum for program - 783 qualifying FICO score, 660 minimum score required.

LTV is less than guideline maximum - 75% LTV ratio, 80% maximum allowed.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3646209

XXXX

1121508

XXXX

Closed

FCRE1158

2025-03-19 10:04

2025-03-21 16:27

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received DBA verification. - Due Diligence Vendor-03/21/2025

Ready for Review-Document Uploaded. Mortgage Mac is our DBA and it is already reflected on the policy. Could you please waive the condition? - Seller-03/19/2025

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Subject transaction is a refinance; the current HOI policy, which has sufficient hazard coverage for the new loan, requires the "mortgagee" be updated to reflect the new lender. - Due Diligence Vendor-03/19/2025

Ready for Review-Document Uploaded. XXXX is our DBA and it is already reflected on the policy. Could you please waive the condition? - Seller-03/19/2025

Resolved-Received DBA verification. - Due Diligence Vendor-03/21/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3645840

XXXX

1121508

XXXX

Closed

FCOM5135

2025-03-17 18:01

2025-03-18 08:39

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-03/17/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3631222

XXXX

1121509

XXXX

Closed

FCRE1482

2025-03-21 14:53

2025-03-28 15:37

Resolved

1 - Information

Credit

Assets

Asset 4 Does Not Meet Guideline Requirements

Resolved-Upon further review, deposit meets the guideline requirements. - Due Diligence Vendor-03/28/2025
Ready for Review-The source is required only if a deposit if cash, ATM or check.
These are wired from bank in XXXX. Please review again and waive the condition. - Seller-03/27/2025
Counter-Account activity provided confirming the XXXX was wired.  Please provide source of the large deposits of XXXX - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Already in the file. Please review again.  - Seller-03/24/2025
Open-Asset 4 Does Not Meet Guideline Requirements Per guides, funds required to close the loan (down payment, closing costs, prepaids) and for reserves must meet requirements. Any cash deposits must be reduced by the amount of deposit, and the remaining funds must be sufficient for the down payment, closing costs and financial reserves. The loan file reflects an escrow receipt and wire transfer on XXXX, for XXXX from one of the borrower's financial accounts. However, the financial account in file, dated 3/3/2025, reflected a balance of only XXXX. Loan file is missing an updated financial statement with a balance (minus any cash deposits) that would support the wire transfer of XXXX.  - Due Diligence Vendor-03/21/2025

Ready for Review-The source is required only if a deposit if cash, ATM or check.
These are wired from bank in XXXX. Please review again and waive the condition. - Seller-03/27/2025
Ready for Review-Document Uploaded. Already in the file. Please review again. - Seller-03/24/2025

Resolved-Upon further review, deposit meets the guideline requirements. - Due Diligence Vendor-03/28/2025

LTV is less than guideline maximum - 55.03% LTV ratio, 80% maximum LTV ratio.

Qualifying FICO score is at least 20 points above minimum for program - 750 qualifying FICO score, 660 minimum score required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3671269

XXXX

1121440

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121370

XXXX

Closed

finding-3652

2025-03-18 17:57

2025-03-24 07:28

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received CDXXXX, COC XXXX. Finding resolved. - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. - Seller-03/21/2025
Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-03/18/2025

Ready for Review-Document Uploaded. - Seller-03/21/2025

Resolved-Received CD XXXX, COC XXXX. Finding resolved. - Due Diligence Vendor-03/24/2025

Qualifying DTI below maximum allowed - DTI = 18.99% - Max DTI = 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO = 762 Min FICO = 680

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3641772

XXXX

1121554

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121535

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121551

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1121546

XXXX

Closed

FCRE1440

2025-03-26 12:27

2025-04-03 09:41

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived--Originator exception granted due to borrower living rent free. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-04/03/2025
Counter-Received rent free letter, however a Rental history is required for a First Time Homebuyer. Borrower is not eligible. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Hello please see LOE stating borrower is living rent free since XXXX - Seller-03/26/2025
Open-Housing History Does Not Meet Guideline Requirements Borrower is a First Time Home buyer living rent free. First Time home buyers must have a rental history. - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Hello please see LOE stating borrower is living rent free since XXXX - Seller-03/26/2025

Waived--Originator exception granted due to borrower living rent free. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-04/03/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - -8+ times residual income.

LTV is less than guideline maximum - -70% LTV and max 75%

Qualifying DTI below maximum allowed - o Qualifying DTI 25.89%; max allowable 49.99 (NMSI)(NON-DSCR)%.

Months Reserves exceed minimum required - 23 months reserves; 4 months reserves required

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

3699904

XXXX

1121546

XXXX

Closed

FCRE5782

2025-03-25 15:23

2025-03-28 15:14

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/28/2025

Ready for Review-Document Uploaded. Soft pull attached - Seller-03/26/2025

Open-Borrower 1 Gap Credit Report is Missing Missing GAP Credit report - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Soft pull attached - Seller-03/26/2025

Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3692355

XXXX

1121546

XXXX

Closed

FCRE1325

2025-03-26 12:24

2025-03-28 15:09

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-Received Tax Preparer Verification. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Hello CPA letters and P&L are showing EA license number on pages 58-59, also attached is XXXX license verification search - Seller-03/26/2025
Open-Borrower 1 CPA Letter Missing Missing evidence of the EA license - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Hello CPA letters and P&L are showing EA license number on pages 58-59, also attached is XXXX license verification search - Seller-03/26/2025

Resolved-Received Tax Preparer Verification. - Due Diligence Vendor-03/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3699880

XXXX

1121561

XXXX

Closed

FCRE5790

2025-03-26 12:55

2025-03-28 14:46

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received Gap Report. - Due Diligence Vendor-03/28/2025

Ready for Review-Document Uploaded. soft pull attached - Seller-03/26/2025

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. soft pull attached - Seller-03/26/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/28/2025

Long term residence - Borrower has lived at the primary residence for 37 years.

Qualifying DTI below maximum allowed - Qualifying DTI 39.97 is lower than the guideline max of 49.99.

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3700342

XXXX

1121561

XXXX

Closed

FCOM5135

2025-03-25 20:37

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025

Long term residence - Borrower has lived at the primary residence for 37 years.

Qualifying DTI below maximum allowed - Qualifying DTI 39.97 is lower than the guideline max of 49.99.

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3694317

XXXX

1121560

XXXX

Closed

FCRE7806

2025-03-28 15:58

2025-04-03 15:07

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Bank Statement Summary/Lender Worksheet is Missing

Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-04/03/2025

Ready for Review-Document Uploaded. - Seller-04/02/2025

Counter-Worksheet provided, however it does not state the months reviewed, account number or expense factor. - Due Diligence Vendor-04/01/2025

Ready for Review-Document Uploaded. Please find the attached Borrower 1 Bank Statement Summary/Lender Worksheet - Seller-04/01/2025

Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-03/28/2025

Ready for Review-Document Uploaded. - Seller-04/02/2025

Ready for Review-Document Uploaded. Please find the attached Borrower 1 Bank Statement Summary/Lender Worksheet - Seller-04/01/2025

Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-04/03/2025

Months Reserves exceed minimum required - Reserves 23.91 months is higher than 4 month minimum

Qualifying FICO score is at least 20 points above minimum for program - FICO 714 is higher than 660 program minimum

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3723480

XXXX

1121560

XXXX

Closed

FCRE8611

2025-03-27 22:38

2025-04-01 13:57

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-Received Internet Search. - Due Diligence Vendor-04/01/2025

Ready for Review-Document Uploaded. Please find the attached internet search - Seller-03/31/2025

Open-Missing business number internet search - Due Diligence Vendor-03/28/2025

Ready for Review-Document Uploaded. Please find the attached internet search - Seller-03/31/2025

Resolved-Received Internet Search. - Due Diligence Vendor-04/01/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3715341

XXXX

1121560

XXXX

Closed

FCOM5135

2025-03-26 09:24

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3697196

XXXX

1121565

XXXX

Closed

FCOM5135

2025-03-26 09:03

2025-03-26 09:59

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - o Qualifying DTI 28.38%; max allowable 49.99

Qualifying FICO score is at least 20 points above minimum for program - 773 FICO; 680 required

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

3696976

XXXX

1121562

XXXX

Closed

FPRO1253

2025-04-01 19:38

2025-07-16 12:17

Resolved

1 - Information

Property

Missing Doc

Secondary Valuation or Additional Valuation has not been entered per securitization requirements

Resolved-Field review provided supporting value. - Due Diligence Vendor-04/02/2025

Open-Additional valuation product has not been provided. The desk review in file had no score. - Due Diligence Vendor-04/01/2025

Resolved-Field review provided supporting value. - Due Diligence Vendor-04/02/2025

LTV is less than guideline maximum - LTV 61.77% is less than the 80% max allowed

Qualifying FICO score is at least 20 points above minimum for program - FICO 761 is higher than 660 minim required

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3747077

XXXX

1121576

XXXX

Closed

FCRE5782

2025-04-01 22:11

2025-04-04 14:50

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received Gap Report. - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Soft pull attached - Seller-04/02/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-04/02/2025

Ready for Review-Document Uploaded. Soft pull attached - Seller-04/02/2025

Resolved-Received Gap Report. - Due Diligence Vendor-04/04/2025

Months Reserves exceed minimum required - 22 months reserves; 0 months reserves required

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 747; guidelines require 660

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3747721

XXXX

1121576

XXXX

Closed

FCOM5135

2025-03-29 13:02

2025-04-03 09:25

Resolved

1 - Information

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Resolved-Rec'd Additional Details for Services You Can Shop For showing XXXX Title Company designation for affiliate as N. Title fees in Section B are payable to XXXX. Finding Resolved. - Due Diligence Vendor-04/03/2025
Ready for Review-Document Uploaded. Please see attached - Seller-04/02/2025
Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt.
- Due Diligence Vendor-03/29/2025

Ready for Review-Document Uploaded. Please see attached - Seller-04/02/2025

Resolved-Rec'd Additional Details for Services You Can Shop For showing Chicago Title Company designation for affiliate as N. Title fees in Section B are payable to Chicago Title Company. Finding Resolved. - Due Diligence Vendor-04/03/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3725917

XXXX

1115831

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115869

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1115860

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115820

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115829

XXXX

Closed

FCRE9996

2025-04-11 14:55

2025-04-25 09:41

Resolved

1 - Information

Credit

Eligibility

Condo does not meet requirements

Resolved-1008 provided confirming the condo is warrantable. - Due Diligence Vendor-04/25/2025
Ready for Review-Document Uploaded. Please see attached 1008 showing project was Warrantable.  1008 also shows the Type of review that was completed. - Seller-04/25/2025
Counter-Please provide the UW attestation or documentation that clearly Stated the project review was completed.  - Due Diligence Vendor-04/18/2025
Ready for Review-Per comments below please clear finding "Underwriter attestation clearly stating whether the project review completed -confirming warrantable or non warrantable. 1008 to review warrantable, type XXXX review" - Seller-04/16/2025
Counter-Underwriter attestation clearly stating whether the project review completed -confirming warrantable or non warrantable. 1008 to review warrantable, type S review - Due Diligence Vendor-04/15/2025
Ready for Review-We respectfully disagree. The 1008 completed by the UW indicates the Condo is a XXXX "S Full Review - Established Project", which stipulates the condo is warrantable. An additional attestation is not required.  - Seller-04/14/2025
Open-UW Attestation and/or documentation clearly stating whether the project review completed resulted in condo being determined as warrantable or non-warrantable, is required and not in file. - Due Diligence Vendor-04/11/2025

Ready for Review-Document Uploaded. Please see attached 1008 showing project was Warrantable. 1008 also shows the Type of review that was completed. - Seller-04/25/2025
Ready for Review-Per comments below please clear finding "Underwriter attestation clearly stating whether the project review completed -confirming warrantable or non warrantable. 1008 to review warrantable, type S review" - Seller-04/16/2025
Ready for Review-We respectfully disagree. The 1008 completed by the UW indicates the Condo is a XXXX "S Full Review - Established Project", which stipulates the condo is warrantable. An additional attestation is not required. - Seller-04/14/2025

Resolved-1008 provided confirming the condo is warrantable. - Due Diligence Vendor-04/25/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.016, minimum .80

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, borrowers mid score is 793

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3843582

XXXX

1115829

XXXX

Closed

FCRE1158

2025-04-11 14:42

2025-04-17 15:02

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received HO6 - Due Diligence Vendor-04/17/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing policy number. - Due Diligence Vendor-04/11/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Resolved-Received HO6 - Due Diligence Vendor-04/17/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.016, minimum .80

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, borrowers mid score is 793

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3843385

XXXX

1115815

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115799

XXXX

Closed

FCRE7806

2025-04-14 09:29

2025-04-24 12:46

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Bank Statement Summary/Lender Worksheet is Missing

Resolved-1008 provided. - Due Diligence Vendor-04/24/2025
Ready for Review-Document Uploaded. See Attached - Seller-04/24/2025
Counter-Please provide calculation on pdf or 1008 - Due Diligence Vendor-04/16/2025
Ready for Review-Please note that this is an Asset Utilization loan which does not require an income worksheet; Income calculated as follows: One Wealth = (XXXX. We ask that this condition please be cleared - Seller-04/15/2025
Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. See Attached - Seller-04/24/2025
Ready for Review-Please note that this is an Asset Utilization loan which does not require an income worksheet; Income calculated as follows: XXXX = (XXXX. We ask that this condition please be cleared - Seller-04/15/2025

Resolved-1008 provided. - Due Diligence Vendor-04/24/2025

Months Reserves exceed minimum required - 46 mos reserves; 3 mos required

Qualifying FICO score is at least 20 points above minimum for program - 800 FICO; 700 required

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3854009

XXXX

1115799

XXXX

Closed

FCRE7497

2025-04-14 09:35

2025-04-16 17:10

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Received PITIA validaiton - Due Diligence Vendor-04/16/2025

Ready for Review-Please see attached. - Seller-04/14/2025

Open-Provide the PITI information for property 3d. - Due Diligence Vendor-04/14/2025

Ready for Review-Please see attached. - Seller-04/14/2025

Resolved-Received PITIA validaiton - Due Diligence Vendor-04/16/2025

Months Reserves exceed minimum required - 46 mos reserves; 3 mos required

Qualifying FICO score is at least 20 points above minimum for program - 800 FICO; 700 required

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3854089

XXXX

1115801

XXXX

Closed

FCRE1148

2025-04-15 09:35

2025-05-08 14:51

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Received Final title w/sufficient coverage. - Due Diligence Vendor-05/08/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-05/07/2025

Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide proof of sufficient Title Coverage. - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-05/07/2025

Resolved-Received Final title w/sufficient coverage. - Due Diligence Vendor-05/08/2025

Months Reserves exceed minimum required - Min Reserves req'd 3 mths- Borrower's reserves 8.9 mths

Qualifying FICO score is at least 20 points above minimum for program - MIn FICO 660- Borrower's FICO 698

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3865722

XXXX

1115856

XXXX

Closed

FVAL9739

2025-04-14 14:17

2025-04-16 17:02

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-Updated UCDP provided with updated value. - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Open-UCDP and LCA was not run again after the Sales Price change on the Appraisal. ReRun to meet guideline requirements - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Resolved-Updated UCDP provided with updated value. - Due Diligence Vendor-04/16/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, Borrowers mid score is 717

LTV is less than guideline maximum - Max LTV is 90%, borrowers LTV is 80%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3858151

XXXX

1115856

XXXX

Closed

FPRO1253

2025-04-14 12:26

2025-04-16 16:58

Resolved

1 - Information

Property

Missing Doc

Secondary Valuation or Additional Valuation has not been entered per securitization requirements

Resolved-Additional valuation product was provided. - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Open-Additional valuation product has not been provided. Missing secondary valuation - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/15/2025

Resolved-Additional valuation product was provided. - Due Diligence Vendor-04/16/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, Borrowers mid score is 717

LTV is less than guideline maximum - Max LTV is 90%, borrowers LTV is 80%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3856599

XXXX

1115863

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1115855

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115870

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

1115811

XXXX

Closed

FCRE9488

2025-04-14 16:22

2025-05-05 13:51

Resolved

1 - Information

Credit

Borrower

Potential Occupancy/Current Address Issues identified in the file

Resolved-Updated 1003 provided. - Due Diligence Vendor-05/05/2025

Ready for Review-Document Uploaded. Please see corrected 1003 - Seller-05/05/2025

Open-Loan submitted as an investment property, declarations indicate primary residence. - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. Please see corrected 1003 - Seller-05/05/2025

Resolved-Updated 1003 provided. - Due Diligence Vendor-05/05/2025

Qualifying DTI below maximum allowed - Max DTI is 50%, borrowers DTI is 6.64%

Months Reserves exceed minimum required - 3 month reserves required, borrower has 6.87 documented

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3860251

XXXX

1115811

XXXX

Closed

FCRE1317

2025-04-14 14:30

2025-05-05 13:50

Resolved

1 - Information

Credit

Income/Employment

Borrower 1 Total Years Employment Verified is Less Than 24 Months

Resolved-Confirmation the business was opened on XXXX provided. - Due Diligence Vendor-05/05/2025
Counter-Please have CPA correct business start date. - Due Diligence Vendor-04/17/2025
Ready for Review-Document Uploaded. Please see attached Business Search verification supporting the business was started in XXXX. The CPA letter appears to be an error. - Seller-04/15/2025
Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months 2 years SE is not verified, CPA confirms business started in XXXX - Due Diligence Vendor-04/14/2025

Ready for Review-Document Uploaded. Please see attached Business Search verification supporting the business was started in XXXX. The CPA letter appears to be an error. - Seller-04/15/2025

Resolved-Confirmation the business was opened on XXXX provided. - Due Diligence Vendor-05/05/2025

Qualifying DTI below maximum allowed - Max DTI is 50%, borrowers DTI is 6.64%

Months Reserves exceed minimum required - 3 month reserves required, borrower has 6.87 documented

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3858379

XXXX

1115847

XXXX

Closed

FCRE8126

2025-04-15 08:25

2025-05-29 08:19

Waived

2 - Non-Material

Credit

Eligibility

Minimum contribution amount not met

Waived-Originator waiver applied to non material finding with compensating factors.  waiving 5% min borrower contribution. - Due Diligence Vendor-05/29/2025
Ready for Review-Document Uploaded.  - Seller-05/28/2025
Open-Per guideline (Section 9.4.2 Gift Funds) overlay Minimum Borrower Contributions: Minimum 5% of the sales price for purchase transaction on owner occupied.  Majority of borrowers funds are gifts does not meet 5% contribution. - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. - Seller-05/28/2025

Waived-Originator waiver applied to non material finding with compensating factors. waiving 5% min borrower contribution. - Due Diligence Vendor-05/29/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 42.85%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 757

5+ years Verified employment history exceeds guidelines
Qualifying FICO score is at least 20 points above minimum for program
Qualifying DTI 5% below maximum allowed

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

3865069

XXXX

1115862

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

XXXX

1115864

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1115865

XXXX

Closed

FCRE5116

2025-04-15 16:14

2025-04-15 16:17

Waived

2 - Non-Material

Credit

Missing Doc

Missing VOM or VOR

Waived-Originator exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/24/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender Exception-"requesting exception on rent free borrower on investment property" - Due Diligence Vendor-04/15/2025

Waived-Originator exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/24/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 737

Months Reserves exceed minimum required - 9 months minimum reserve requirement, borrower has 50.29 months documented

Seasoned Investor
0x30 mortgage history
DTI is 5 points below max

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

3872150

XXXX

1115828

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115832

XXXX

Closed

FCRE1158

2025-04-15 07:52

2025-04-30 15:02

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received Final Policy. - Due Diligence Vendor-04/30/2025
Ready for Review-Document Uploaded. see attached - Seller-04/28/2025
Counter-Received liability coverage-please provide HOI reflecting policy number.  Premium XXXX, Lloyd's of London page 550 of package.   - Due Diligence Vendor-04/22/2025
Ready for Review-The policy number is included in the attachment. Please refer to the CERTIFICATE NUMBER XXXX in the top center of HOI.  - Seller-04/21/2025
Counter-Received Commercial Liability -please provide HOI policy reflecting policy number.   - Due Diligence Vendor-04/18/2025
Ready for Review-Please see attached.  - Seller-04/17/2025
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided HOI POLICY NUMBERS 'TBD'.  - Due Diligence Vendor-04/15/2025

Ready for Review-Document Uploaded. see attached - Seller-04/28/2025
Ready for Review-The policy number is included in the attachment. Please refer to the CERTIFICATE NUMBER XXXX in the top center of HOI. - Seller-04/21/2025
Ready for Review-Please see attached. - Seller-04/17/2025

Resolved-Received Final Policy. - Due Diligence Vendor-04/30/2025

Months Reserves exceed minimum required - 21mos reserves. Per guides, 6 reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.118. Per guides, minimum DSCR 0.75

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3864793

XXXX

1115817

XXXX

Closed

FCRE1194

2025-04-14 23:05

2025-07-16 12:39

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-07/16/2025
Open-Audited LTV of 75% exceeds Guideline LTV of 70% LENDER EXCEPTION: Min 660 FICO needed for 75% LTV on XXXX.
BORR QUALIFYING MID-SCORE 647. MAX LTV 70% FOR CREDIT SCORE < 660. - Due Diligence Vendor-04/15/2025

Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-07/16/2025

Long term residence - 4+ years in primary residence.

Months Reserves exceed minimum required - 15.75mos reserves. Per guides, 6 reserves required.

.3 + months reserves.
4+ years in primary residence.
24+ month credit history exceeds minimum required.
24+ month on time mortgage history exceeds guideline requirement.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

3863141

XXXX

1115823

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115827

XXXX

Closed

FCRE0970

2025-04-15 08:22

2025-07-16 12:35

Waived

2 - Non-Material

Credit

Eligibility

Appraisal has issues (credit)

Waived-Originator exception granted and in file, waiver applied. Deemed non material due to strong comp factors - Due Diligence Vendor-07/16/2025

Open-Appraisal transfer not allowed over 60 days. - Due Diligence Vendor-04/15/2025

Waived-Originator exception granted and in file, waiver applied. Deemed non material due to strong comp factors - Due Diligence Vendor-07/16/2025

Long term residence - Owned Occupied Primary 5 Years.

On time mortgage history exceeds guideline requirement - Mortgage History 0x30x36.

1. Mortgage History 0x30x36. 2. Owned Occupied Primary 5 Years.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

3865051

XXXX

1115835

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115842

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115816

XXXX

Closed

FCRE1492

2025-04-16 10:44

2025-04-16 10:46

Waived

2 - Non-Material

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Waived--Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025
Open--Exception Approved: Exception to exceed XXXX Max Cash in hand. Non-material, LTV is low. - Due Diligence Vendor-04/16/2025

Waived--Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 796

DSCR =/> 1.00 and minimum is 0.85 or Less - Min DSCR .75, borrowers DSCR is 1.052

-4+ years in primary,
-24+ months of clean credit,
-Qualifying fico is over 20+ points more than min required

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

3878178

XXXX

1115822

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115825

XXXX

Closed

FCRE1241

2025-04-16 12:01

2025-04-18 16:28

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Missing

Resolved-Received Escrow Instructions. (non-arms length - FSBO) - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Please note the transaction was a FSBO Sale. The executed Escrow Instructions have been uploaded; there was no contract. - Seller-04/17/2025

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Provide the executed Contract of Sale for the subject. - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please note the transaction was a FSBO Sale. The executed Escrow Instructions have been uploaded; there was no contract. - Seller-04/17/2025

Resolved-Received Escrow Instructions. (non-arms length - FSBO) - Due Diligence Vendor-04/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 721

Months Reserves exceed minimum required - Min reserves req'd 6 mths- Borrower has 55.28 mths in reserves

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3879626

XXXX

1115819

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1115834

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115798

XXXX

Closed

FCRE1198

2025-04-16 15:38

2025-04-25 15:06

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Originator waiver applied to non material finding with compensating factors.  Seeking exception to proceed with only 2.7 months in reserves. - Due Diligence Vendor-04/25/2025
Ready for Review-Document Uploaded. Please see corrected 1003 and 1008 along with the exception allowing to close with less than 3 months reserves - Seller-04/25/2025
Counter-Short reserves-gift received was only XXXX, EMD no validated.  Finding remains.   - Due Diligence Vendor-04/21/2025
Ready for Review-The loan file had verified borrower assets totaling XXXX as of XXXX, which met the 3 mo. PITIA reserve requirements of XXXX. The Borrower received a gift in the amount of XXXX towards the subject transaction and the total required funds for closing were XXXX. The verified assets were sufficient to meet the required remaining funds for closing and reserves.  - Seller-04/17/2025
Open-Audited Reserves of 2.9 month(s) are less than Guideline Required Reserves of 3 month(s)  Audited Reserves of 2.9 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please see corrected 1003 and 1008 along with the exception allowing to close with less than 3 months reserves - Seller-04/25/2025
Ready for Review-The loan file had verified borrower assets totaling XXXX as of XXXX, which met the 3 mo. PITIA reserve requirements of XXXX. The Borrower received a gift in the amount of XXXX towards the subject transaction and the total required funds for closing were XXXX. The verified assets were sufficient to meet the required remaining funds for closing and reserves. - Seller-04/17/2025

Waived-Originator waiver applied to non material finding with compensating factors. Seeking exception to proceed with only 2.7 months in reserves. - Due Diligence Vendor-04/25/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 33%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrowers' FICO 705

4+ years in primary residence
residual income
705 fico

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

3882900

XXXX

1115798

XXXX

Closed

FCRE1317

2025-04-16 15:18

2025-04-21 14:11

Resolved

1 - Information

Credit

Income/Employment

Borrower 1 Total Years Employment Verified is Less Than 24 Months

Resolved-Received tax preparer letter confirming years of ownership and percentage. - Due Diligence Vendor-04/21/2025
Ready for Review-Document Uploaded. According to the CPA letter and the attached documents, the business was started XXXX. An exception was not required. - Seller-04/17/2025
Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Missing 2 year employment history on 1003 - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. According to the CPA letter and the attached documents, the business was started XXXX. An exception was not required. - Seller-04/17/2025

Resolved-Received tax preparer letter confirming years of ownership and percentage. - Due Diligence Vendor-04/21/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 33%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrowers' FICO 705

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3882553

XXXX

1115798

XXXX

Closed

FCRE1316

2025-04-16 15:18

2025-04-21 14:10

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Received tax preparer letter confirming ownership. - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/17/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide the CPA/ CTEC Letter confirming the borrower's self-employment - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/17/2025

Resolved-Received tax preparer letter confirming ownership. - Due Diligence Vendor-04/21/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 33%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrowers' FICO 705

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3882552

XXXX

1115798

XXXX

Closed

FCRE6696

2025-04-16 16:59

2025-04-21 14:08

Resolved

1 - Information

Credit

Income/Employment

Employment Self-Employed Less Than 2 Years at Origination

Resolved-Received tax preparer confirmation of 24 months employment. - Due Diligence Vendor-04/21/2025
Ready for Review-Document Uploaded. According to the CPA letter and the attached documents, the business was started XXXX. An exception was not required. - Seller-04/17/2025
Open-Per business documents provided, business was started on XXXX. Oldest bank statement for business is from XXXX. Missing a 2 year work history/self-employment history. No exception found - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. According to the CPA letter and the attached documents, the business was started XXXX. An exception was not required. - Seller-04/17/2025

Resolved-Received tax preparer confirmation of 24 months employment. - Due Diligence Vendor-04/21/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 33%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrowers' FICO 705

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3883789

XXXX

1115853

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115854

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1115840

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120063

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

1115800

XXXX

Closed

FCRE0095

2025-04-16 18:58

2025-04-21 14:03

Waived

2 - Non-Material

Credit

Eligibility

Short Term Rental Income does not meet guidelines

Waived-Originator provided a waiver for < 12 month look back, applied to non material finding with reviewed comp factors - Due Diligence Vendor-04/21/2025

Ready for Review-Document Uploaded. Please see attached approved exception. - Seller-04/17/2025

Open-Min short term rental income lookback period is 12 mo's. - Due Diligence Vendor-04/16/2025

Ready for Review-Document Uploaded. Please see attached approved exception. - Seller-04/17/2025

Waived-Originator provided a waiver for < 12 month look back, applied to non material finding with reviewed comp factors - Due Diligence Vendor-04/21/2025

Months Reserves exceed minimum required - Reserves are 103 mo's vs program min required of 12 mo's.

LTV is less than guideline maximum - LTV is 67% vs program max allowed of 75%

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

3884832

XXXX

1115800

XXXX

Closed

FCRE1498

2025-04-16 18:48

2025-04-17 08:55

Waived

2 - Non-Material

Credit

Eligibility

Borrower Rental Experience Insufficient per Guidelines (DSCR)

Waived-Originator exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/24/2025
Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Lender Exception: First Time Investor is a borrower/guarantor not meeting the Experienced Investor definition. Borrower/guarantor must currently own a primary residence for at least one (1) year. Verified most recent 12 month mortgage history. Free and clear properties are automatically given consideration. Seeking an exception to allow XXXX. - Due Diligence Vendor-04/16/2025

Waived-Originator exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/24/2025

Months Reserves exceed minimum required - Reserves are 103 mo's vs program min required of 12 mo's.

LTV is less than guideline maximum - LTV is 67% vs program max allowed of 75%

LTV is > 5% below max allowed
0x30 rental history past 24 mo's.
4 years in current home.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

3884774

XXXX

1115866

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

XXXX

1115809

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115857

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1115807

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115821

XXXX

Closed

FCRE0082

2025-04-18 16:16

2025-04-22 15:54

Resolved

1 - Information

Credit

Title

Vested Owner Signature Requirement Not met

Resolved-Received warranty deed.   - Due Diligence Vendor-04/22/2025
Ready for Review-Please see attached.  - Seller-04/18/2025
Open-Vested Owner Signature Requirement Not met.  Missing executed Warranty Deed from XXXX - Due Diligence Vendor-04/18/2025

Ready for Review-Please see attached. - Seller-04/18/2025

Resolved-Received warranty deed. - Due Diligence Vendor-04/22/2025

LTV is less than guideline maximum - Max LTV is 60% per exception, borrowers LTV is 34.37%

Months Reserves exceed minimum required - 0.00 minimum reserves, borrower has 109.63 documented

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3905850

XXXX

1115821

XXXX

Closed

FCRE1197

2025-04-18 15:31

2025-04-22 15:53

Waived

2 - Non-Material

Credit

Eligibility

Audited FICO is less than Guideline FICO

Waived-Originator provided a waiver for no FICO applied to non material finding with comp factors  - Due Diligence Vendor-04/22/2025
Ready for Review-Please see attached.  - Seller-04/18/2025
Open-Audited FICO of  is less than Guideline FICO of 640 EXCEPTION in file to use no FICO. Client has no FICO....approved - subject to <60%ltv, full doc only, 12 month on time payment history
with state farm.  Missing payment history with State Farm - Due Diligence Vendor-04/18/2025

Ready for Review-Please see attached. - Seller-04/18/2025

Waived-Originator provided a waiver for no FICO applied to non material finding with comp factors - Due Diligence Vendor-04/22/2025

LTV is less than guideline maximum - Max LTV is 60% per exception, borrowers LTV is 34.37%

Months Reserves exceed minimum required - 0.00 minimum reserves, borrower has 109.63 documented

LTV less than 5% below minimum
4+ years in Primary

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

3905279

XXXX

1115821

XXXX

Closed

FCRE5790

2025-04-18 15:15

2025-04-22 15:46

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Upon further review, the loan file contained all required credit gap report documentation. - Due Diligence Vendor-04/22/2025

Ready for Review-Document Uploaded. Please see attached. The credit re-fresh was 10 days old, hence not expired. - Seller-04/18/2025

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Lender to upload Drive report w/in 10 days of Note date - Due Diligence Vendor-04/18/2025

Ready for Review-Document Uploaded. Please see attached. The credit re-fresh was 10 days old, hence not expired. - Seller-04/18/2025

Resolved-Upon further review, the loan file contained all required credit gap report documentation. - Due Diligence Vendor-04/22/2025

LTV is less than guideline maximum - Max LTV is 60% per exception, borrowers LTV is 34.37%

Months Reserves exceed minimum required - 0.00 minimum reserves, borrower has 109.63 documented

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3905052

XXXX

1115821

XXXX

Closed

FCRE1204

2025-04-18 15:17

2025-04-22 15:43

Resolved

1 - Information

Credit

Eligibility

Fraud Report Shows Uncleared Alerts

Resolved-Received updated fraud alert reflecting high and medium alerts resolved. - Due Diligence Vendor-04/22/2025

Ready for Review-Please see attached updated DV report. - Seller-04/18/2025

Open-Fraud Report Shows Uncleared Alerts Lender to clear all high and medium alerts - Due Diligence Vendor-04/18/2025

Ready for Review-Please see attached updated DV report. - Seller-04/18/2025

Resolved-Received updated fraud alert reflecting high and medium alerts resolved. - Due Diligence Vendor-04/22/2025

LTV is less than guideline maximum - Max LTV is 60% per exception, borrowers LTV is 34.37%

Months Reserves exceed minimum required - 0.00 minimum reserves, borrower has 109.63 documented

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3905073

XXXX

1115845

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115843

XXXX

Closed

FCOM1350

2025-04-19 11:00

2025-04-29 16:57

Resolved

1 - Information

Credit

Missing Doc

Missing Signed Loan Agreement or Term Sheet

Resolved-Received signed Loan Agreement - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. See attached - Seller-04/28/2025

Counter-Unable to open upload-please upload again. - Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. See attached - Seller-04/22/2025

Open-The Subject Loan is a Business Purpose Loan but the Loan Agreement/Term Sheet Doc is 'Partial'. Missing signature page. - Due Diligence Vendor-04/19/2025

Ready for Review-Document Uploaded. See attached - Seller-04/28/2025

Ready for Review-Document Uploaded. See attached - Seller-04/22/2025

Resolved-Received signed Loan Agreement - Due Diligence Vendor-04/29/2025

Months Reserves exceed minimum required - Reserves are 16 mo's vs program min of 6 mo's.

LTV is less than guideline maximum - 73.45% LTV; max 75% LTV

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3908617

XXXX

1115804

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1115871

XXXX

Closed

FCRE1348

2025-04-23 13:16

2025-04-23 13:39

Waived

2 - Non-Material

Credit

Income/Employment

Borrower 2 Total Years Employment Verified is Less Than 24 Months

Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material due to CPA stating B2 has 7 years prior experience in same line of work. - Due Diligence Vendor-04/23/2025

Open-Borrower 2 Total Years Employment Verified is Less Than 24 Months 11 months self employed with 11 bank statements used to qualify. Does not meet requirements of 12. - Due Diligence Vendor-04/23/2025

Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material due to CPA stating B2 has XXXX years prior experience in same line of work. - Due Diligence Vendor-04/23/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700, borrowers mid score is 803

Months Reserves exceed minimum required - 6 months reserves required, borrowers have 35.43 documented

41 months reserves
63 point higher than min credit score

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

3940331

XXXX

1115871

XXXX

Closed

FCRE8611

2025-04-23 13:13

2025-04-23 13:38

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived-Originator waiver applied deemed non material due to no bonus income used by audit, W2 and pay stub support income. WVOE not required. - Due Diligence Vendor-04/23/2025

Open-WVOE for B1 is not fully completed, missing applicants date of employment, Annual Salary(income reported on WVOE does not match W2's provided - Due Diligence Vendor-04/23/2025

Waived-Originator waiver applied deemed non material due to no bonus income used by audit, W2 and pay stub support income. WVOE not required. - Due Diligence Vendor-04/23/2025

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

3940289

XXXX

1115871

XXXX

Closed

finding-3634

2025-04-17 16:22

2025-04-23 13:37

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved------ Zero (0%) tolerance fees increased by XXXX Disaster Inspection Fee (valid COC in file)
Zero (0%) tolerance fees increased by XXXX (Credit Report Fee) without a valid COC in file. Lender credit of XXXX on final CD. Finding resolved
- Due Diligence Vendor-04/23/2025
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by XXXX Disaster Inspection Fee (valid COC in file)
Zero (0%) tolerance fees increased by XXXX (Credit Report Fee) without a valid COC in file. Lender credit of XXXX on final CD. Finding resolved - Due Diligence Vendor-04/17/2025

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3894833

XXXX

1115814

XXXX

Closed

FCRE8257

2025-04-22 21:09

2025-04-28 14:04

Resolved

1 - Information

Credit

Missing Doc

Missing Prepayment Rider-Credit

Resolved-Upon further review PPP on the Note, no additional documentation required. - Due Diligence Vendor-04/28/2025
Ready for Review-In this case the GoDocs Mortgage will not have terms or a rider for PPP but the Note reflects the terms of the PPP. Please refer to Page 1 Section A & Page 4 Section J6 - Seller-04/25/2025
Counter-The Note and the Mortgage do not disclose the terms of PPP. - Due Diligence Vendor-04/24/2025
Ready for Review-Subject is a XXXX, XXXX vesting loan. There is no PPP Rider, the language is built into the Note and Deed. - Seller-04/23/2025
Open-Missing Prepayment Rider to Promissory Note and/or Mortgage Prepayment Rider - Due Diligence Vendor-04/23/2025

Ready for Review-In this case the XXXX Mortgage will not have terms or a rider for PPP but the Note reflects the terms of the PPP. Please refer to Page 1 Section A & Page 4 Section J6 - Seller-04/25/2025
Ready for Review-Subject is a DSCR, LLC vesting loan. There is no PPP Rider, the language is built into the Note and Deed. - Seller-04/23/2025

Resolved-Upon further review PPP on the Note, no additional documentation required. - Due Diligence Vendor-04/28/2025

Months Reserves exceed minimum required - 276.21mos reserves. Per guides, 6 reserves required.

DSCR % greater than 1.20 - DSCR 1.531

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3932978

XXXX

1115836

XXXX

Closed

FCRE8700

2025-04-25 08:44

2025-05-06 14:58

Resolved

1 - Information

Credit

Missing Doc - Credit

Missing EIN Number for Business Entity

Resolved-Received EIN - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025

Open-Missing EIN # - Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025

Resolved-Received EIN - Due Diligence Vendor-04/29/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3961374

XXXX

1115836

XXXX

Closed

FCRE8701

2025-04-24 17:26

2025-05-06 14:58

Resolved

1 - Information

Credit

Borrower

Business Entity Formation Document is Missing

Resolved-Received Certificate of Authorization - Due Diligence Vendor-05/06/2025

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

Counter-Operating agreement provided.  Please provide Certificate of Authorization for the person executing all documents on behalf of the Entity and LLC Borrowing Certificate required when all owners/members are not on the loan. - Due Diligence Vendor-05/02/2025

Ready for Review-Document Uploaded. Please see attached.  - Seller-04/30/2025

Counter-Document was not attached. - Due Diligence Vendor-04/29/2025

Ready for Review-Please see attached. - Seller-04/25/2025

Open-The Business Entity Formation Document is Missing Provide the LLC docs.  - Due Diligence Vendor-04/24/2025

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

Ready for Review-Document Uploaded. Please see attached. - Seller-04/30/2025

Ready for Review-Please see attached. - Seller-04/25/2025

Resolved-Received Certificate of Authorization - Due Diligence Vendor-05/06/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3957064

XXXX

1115836

XXXX

Closed

FCRE0095

2025-04-25 08:47

2025-04-29 16:20

Resolved

1 - Information

Credit

Eligibility

Short Term Rental Income does not meet guidelines

Resolved-Received XXXX - Due Diligence Vendor-04/29/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-04/28/2025
Open-Missing XXXX docs to support income used on 1007. - Due Diligence Vendor-04/25/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/28/2025

Resolved-Received XXXX - Due Diligence Vendor-04/29/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3961407

XXXX

1115836

XXXX

Closed

FCRE6843

2025-04-24 18:51

2025-04-29 16:14

Resolved

1 - Information

Credit

Assets

Asset General

Resolved-Received conversion for all foreign funds. - Due Diligence Vendor-04/29/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025
Open-Provide asset conversions assets and the XXXX account on 1003. - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025

Resolved-Received conversion for all foreign funds. - Due Diligence Vendor-04/29/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3957874

XXXX

1115836

XXXX

Closed

FCRE1180

2025-04-24 18:13

2025-04-29 16:11

Resolved

1 - Information

Credit

Missing Doc

HO-6 Insurance Policy is Missing

Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-04/29/2025

Ready for Review-Document Uploaded. - Seller-04/25/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025

Open-HO-6 Insurance Policy is Missing Provide HO-6 Policy or proof borrower is on the Master Policy. - Due Diligence Vendor-04/24/2025

Ready for Review-Document Uploaded. - Seller-04/25/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-04/25/2025

Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-04/29/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

3957585

XXXX

1115836

XXXX

Closed

FCRE8201

2025-04-25 08:53

2025-04-25 08:57

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Valid Visa not provided. Originator exception provided and in file. Waiver applied with comp factors. Exception deemed non-material due to alternative docs provided to show under Visa Waiver program. - Due Diligence Vendor-04/25/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.014 and 0% is required

Months Reserves exceed minimum required - Min 6 mths reserves required- Borrower has 25.14mths

DSCR > 1.20

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

3961490

XXXX

1115803

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1115850

XXXX

Closed

finding-47

2025-04-23 09:30

2025-05-15 14:25

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Rec'd PCCD issued XXXX. Finding resolved. - Due Diligence Vendor-05/15/2025
Ready for Review-Document Uploaded. Please see attached PCCD - Seller-05/15/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date.
- Due Diligence Vendor-04/23/2025

Ready for Review-Document Uploaded. Please see attached PCCD - Seller-05/15/2025

Resolved-Rec'd PCCD issued XXXX. Finding resolved. - Due Diligence Vendor-05/15/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 689

Months Reserves exceed minimum required - Min reserves required 6 mths- Borrower's reserves 67 mths

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3936516

XXXX

1115830

XXXX

Closed

FCRE1194

2025-04-28 08:49

2025-04-28 15:20

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-04/28/2025
Open-Audited LTV of 85% exceeds Guideline LTV of 80% Exception in file for loan amount of XXXX at 85% LTV - Due Diligence Vendor-04/28/2025

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-04/28/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income =/> 1.5 times $3,500 monthly residual income

Qualifying FICO score is at least 20 points above minimum for program - Min 720, actual 793

0x30 housing
Fico is over 20 points higher than min required
DTI is over 5% below max allowed

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

3977500

XXXX

1120105

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120103

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120106

XXXX

Closed

FCRE1148

2025-05-13 07:27

2025-05-16 14:48

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Received Revised Schedule A. - Due Diligence Vendor-05/16/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-05/14/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide Title Supplement reflect title coverage that covers loan amount of XXXX - Due Diligence Vendor-05/13/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-05/14/2025

Resolved-Received Revised Schedule A. - Due Diligence Vendor-05/16/2025

LTV is less than guideline maximum - Max LTV is 75%, borrowers LTV is 57.14%

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 640 credit score. Qualifying credit score is 723.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4124222

XXXX

1120099

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120053

XXXX

Closed

FCRE1728

2025-05-13 09:48

2025-05-13 15:20

Waived

2 - Non-Material

Credit

Missing Doc

Missing rent comparable schedule form 1007

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/13/2025
Open-EXCEPTION REQUEST TO USE 20% OF 1007 AMOUNT OF XXXX APPROVED. - Due Diligence Vendor-05/13/2025

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/13/2025

Qualifying FICO score is at least 20 points above minimum for program - 686 FICO; 640 required

Long term residence - Borrower has been in primary residence for 40 years

ltv 5% below maximum
4+ years in home

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

Yes

4125746

XXXX

1120127

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120172

XXXX

Closed

FCRE1437

2025-05-14 10:21

2025-05-14 10:31

Waived

2 - Non-Material

Credit

Income/Employment

Income and Employment Do Not Meet Guidelines

Waived-Originator exception granted to allow change in bank statement, Non-material waiver applied with comp factors. non-material due to long term self-employment. - Due Diligence Vendor-05/14/2025

Open-Income and Employment Do Not Meet Guidelines Guideline requires 12 months consecutive bank statements for income calculations - Due Diligence Vendor-05/14/2025

Waived-Originator exception granted to allow change in bank statement, Non-material waiver applied with comp factors. non-material due to long term self-employment. - Due Diligence Vendor-05/14/2025

Months Reserves exceed minimum required - 6 month minimum reserves required, borrower has 7.05

Qualifying DTI below maximum allowed - Max DTI is 50%, borrower DTI is 44.66

24+ month credit history 0x30
5+ years of employment history for borrower

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

4137962

XXXX

1120048

XXXX

Closed

FCRE7569

2025-05-14 09:27

2025-05-14 10:38

Waived

2 - Non-Material

Credit

Debt

Mortgage history for primary residence less than 12 months

Waived-First Time Investor- must own their primary residence for 1 year. Borrower lives rent free.
Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to strong compensating factors and loan is non ATR. - Due Diligence Vendor-05/14/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20--- Borrower's DSCR is 1.628%

LTV is less than guideline maximum - Max LTV 75 vs Borrower's LTV 32.468%

LTV 33% lower than max allowed of 75%
DSCR ratio .25 higher than minimum

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

4137126

XXXX

1120092

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120054

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120139

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120157

XXXX

Closed

FCRE1510

2025-05-12 14:00

2025-05-19 15:40

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/19/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-05/15/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Exhibit A, Legal Description attached to deed of trust. - Due Diligence Vendor-05/12/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-05/15/2025

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/19/2025

Months Reserves exceed minimum required - Verified assets of 37.12 months exceeds the minimum required of 6 months

Qualifying DTI below maximum allowed - DTI of 22.98% is less than the maximum allowed per guidelines of 50%

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

4117356

XXXX

1120066

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120086

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120058

XXXX

Closed

FCRE1441

2025-05-16 10:49

2025-06-06 10:43

Waived

2 - Non-Material

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Waived-Originator waiver applied to non material finding with compensating factors.  Exception to allow an open collections an charge off reported within 24
months to remain unpaid as this is the same account that went from collection to charge off - Due Diligence Vendor-06/06/2025
Ready for Review-Document Uploaded.  - Seller-06/05/2025
Open-Delinquent Credit History Does Not Meet Guideline Requirements B2 has 1 collection reporting as of XXXX XXXX and 1 charge of reporting as of XXXX (both under 2 years).  Per guidelines Collections and charge-offs < 24 months old with a maximum cumulative balance of XXXX do not need to be paid.  Collections and charge-offs on B2 credit exceed guideline threshold.    - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. - Seller-06/05/2025

LTV is less than guideline maximum - Lender max LTV 65%, subject LTV 56.76%.

Months Reserves exceed minimum required - Guidelines require 0 months of reserves. Qualifying reserves are 12 months.

12 months of reserves
56.76% LTV

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

4163377

XXXX

1120132

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120073

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

1120065

XXXX

Closed

FCRE7497

2025-05-20 17:15

2025-06-06 10:39

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-XXXX Lexington is the borrower's primary and is a 2 family. The docs have been provided. - Due Diligence Vendor-06/06/2025
Open-Provide docs to verify whether primary home has any liens and docs to verify escrows. Final 1003 input shows a XXXX auto loan input as the 1st mortgage lien. There are no docs provided to verify whether primary home is free and clear and what escrows are. - Due Diligence Vendor-05/20/2025

Resolved-XXXX is the borrower's primary and is a 2 family. The docs have been provided. - Due Diligence Vendor-06/06/2025

Qualifying DTI below maximum allowed - Lender max DTI 50%, borrower DTI 35.83%.

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 241.77m.

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

4197804

XXXX

1120067

XXXX

Closed

FCRE1198

2025-05-16 12:28

2025-06-06 10:52

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Originator waiver applied to non material finding with compensating factors. Exception to allow 11.4 months reserves in lieu of 12. - Due Diligence Vendor-06/06/2025

Ready for Review-Document Uploaded. - Seller-06/06/2025

Open-Audited Reserves of 11.48 month(s) are less than Guideline Required Reserves of 12 month(s) Verified assets do not cover the minimum requirement for reserves of 12 months. - Due Diligence Vendor-05/16/2025

Ready for Review-Document Uploaded. - Seller-06/06/2025

Waived-Originator waiver applied to non material finding with compensating factors. Exception to allow 11.4 months reserves in lieu of 12. - Due Diligence Vendor-06/06/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO of 712 is higher than the minimum FICO required of 680

Qualifying DTI below maximum allowed - DTI of 22.79% is less than the maximum allowed per guidelines of 50%

Qualifying DTI 5% below maximum allowed
Qualifying FICO score is at least 20 points above minimum for program

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

4165036

XXXX

1120067

XXXX

Closed

FCRE8126

2025-05-16 13:59

2025-05-16 14:26

Waived

2 - Non-Material

Credit

Eligibility

Minimum contribution amount not met

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/16/2025

Open-EXCEPTION to allow the borrower to only show they have 5% contribution and not require those funds to be used for closing. 100%
gift funds for closing and down payment
- Due Diligence Vendor-05/16/2025

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/16/2025

-DTI more than 5% below maximum
-Residual income

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

4166440

XXXX

1120101

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120120

XXXX

Closed

FCRE1498

2025-05-16 16:20

2025-05-16 17:01

Waived

2 - Non-Material

Credit

Eligibility

Borrower Rental Experience Insufficient per Guidelines (DSCR)

Waived-Originator exception granted to allow first time investor, Non-material waiver applied with comp factors. non-material due to B1 living in primary with NBS spouse who owns primary since XXXX, credit profile is over 20 years old with 0 lates on all tradelines, B1 has additional REO owned for 8 months. - Due Diligence Vendor-05/16/2025
Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Lender exception for first time Investor. B1 rental experience for REO's is less than 1 year. Additional REO owned for 8 months.
- Due Diligence Vendor-05/16/2025

Months Reserves exceed minimum required - Reserves = 23 months – Required Reserves = 6 Months

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 700 credit score. Qualifying credit score is 725.

FICO score is at least 20 points above the minimum
24+ month credit history exceeds minimum required

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

4168780

XXXX

1120104

XXXX

Closed

FCRE1440

2025-05-19 09:16

2025-05-19 10:16

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Upon further review, primary recently purchased by another party and has not been there even a month. Prior home is subject converted to investment, was owned free and clear. - Due Diligence Vendor-05/19/2025

Open-Housing History Does Not Meet Guideline Requirements Missing rent free letter for primary residence (1 month) and mortgage history or rent free letter for former residence (12 years). 12 month history required to be documented. - Due Diligence Vendor-05/19/2025

LTV is less than guideline maximum - LTV 32.47% max LTV 75%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 711; minimum score 640.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4176678

XXXX

1120116

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1120175

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

1120121

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120095

XXXX

Closed

FCRE2244

2025-05-20 08:02

2025-06-20 13:49

Resolved

1 - Information

Credit

Eligibility

Property Does Not Meet Guidelines (credit)

Resolved-Upon further review, the variance is not material. - Due Diligence Vendor-06/20/2025

Ready for Review-Document Uploaded. Please see attached. Subject condo property is a non-warrantable condo. - Seller-06/18/2025

Open-Property Issues are identified for the property Appraisal answers regarding the Condo to match the Condo Questionnaire. - Due Diligence Vendor-05/20/2025

Ready for Review-Document Uploaded. Please see attached. Subject condo property is a non-warrantable condo. - Seller-06/18/2025

Resolved-Upon further review, the variance is not material. - Due Diligence Vendor-06/20/2025

Months Reserves exceed minimum required - Min reserves required 0 mths- Borrower's reserves 88.07 mths

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640- Borrower's FICO 738

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4189052

XXXX

1120095

XXXX

Closed

FCRE0108

2025-05-20 07:44

2025-05-22 16:16

Resolved

1 - Information

Credit

Insurance

Fidelity Coverage not met

Resolved-Upon further review, the loan file contained all required condo liability coverage documentation.  - Due Diligence Vendor-05/22/2025
Ready for Review-We respectfully note that per XXXX Selling Guided and DSCR guidelines, section 8.11.4 Condominium Insurance Requirements: Fidelity or Employee Dishonestly Insurance is for condominium projects consisting of more than XXXX units. The subject project is XXXX units.  - Seller-05/20/2025
Open-Fidelity Coverage not met.  Provide proof of acceptable Fidelity Coverage. - Due Diligence Vendor-05/20/2025

Ready for Review-We respectfully note that per XXXX Selling Guided and DSCR guidelines, section 8.11.4 Condominium Insurance Requirements: Fidelity or Employee Dishonestly Insurance is for condominium projects consisting of more than XXXX units. The subject project is XXXX units. - Seller-05/20/2025

Resolved-Upon further review, the loan file contained all required condo liability coverage documentation. - Due Diligence Vendor-05/22/2025

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4188908

XXXX

1120158

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120191

XXXX

Closed

FCRE1510

2025-05-15 14:07

2025-06-09 14:15

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/09/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/06/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description attached to deed of trust. - Due Diligence Vendor-05/15/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/06/2025

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/09/2025

DSCR % greater than 1.20 - Calculated DSCR of 1.672

Months Reserves exceed minimum required - Verified assets of 10.48 months exceeds the minimum required of 6 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4153936

XXXX

1120082

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

XXXX

1120069

XXXX

Closed

FCRE0116

2025-05-21 08:35

2025-05-27 15:56

Resolved

1 - Information

Credit

Eligibility

Missing Warrantability Documentation

Resolved-Received confirmation of condo warranty type. - Due Diligence Vendor-05/27/2025

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

Open-UW Attestation missing for Condo warrantability - Due Diligence Vendor-05/21/2025

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

Resolved-Received confirmation of condo warranty type. - Due Diligence Vendor-05/27/2025

DSCR % greater than 1.20 - DSCR 3.812%

Months Reserves exceed minimum required - 3 month minimum reserve requirement, borrower has 21.95 documented

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4201945

XXXX

1120110

XXXX

Closed

FCRE8201

2025-05-21 09:02

2025-05-21 09:50

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived--Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/21/2025

Open-Lender Exception Granted: To allow rent free with cousin vs spouse (as required per lender guides), due to borrower is single. Non-Material, Borrower meets FTHB Investment DSCR Guidelines. - Due Diligence Vendor-05/21/2025

Waived--Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/21/2025

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 660, borrower FICO 754.

Months Reserves exceed minimum required - Lender minimum reserves 0m PITIA, borrower reserves 26.76m.

1. FICO 754, > 20 pts above minimum.
2. Reserves > 3 months.

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

4202210

XXXX

1120195

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

1120162

XXXX

Closed

FCRE1467

2025-05-21 10:24

2025-06-20 13:52

Resolved

1 - Information

Credit

Missing Doc

Asset 1 Missing

Resolved-Received Gift Letter. - Due Diligence Vendor-06/20/2025
Ready for Review-Document Uploaded. Please see attached. Gift of XXXX is a gift of equity. - Seller-06/18/2025
Counter-Please provide a rent free letter stating repayment is not required. - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please note that the Gift of Equity is referenced on the Purchase Contract and there is a LOE explaining the relationship between the Buyer and seller. We ask that this condition be cleared. - Seller-06/06/2025
Open-Asset 1 Missing Provide a Gift Letter for the Gift of Equity given. - Due Diligence Vendor-05/21/2025

Ready for Review-Document Uploaded. Please see attached. Gift of XXXX is a gift of equity. - Seller-06/18/2025
Ready for Review-Document Uploaded. Please note that the Gift of Equity is referenced on the Purchase Contract and there is a LOE explaining the relationship between the Buyer and seller. We ask that this condition be cleared. - Seller-06/06/2025

Resolved-Received Gift Letter. - Due Diligence Vendor-06/20/2025

Long term residence - Borrower has rented at current residence for 5+ years.

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 39.5%

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

4203294

XXXX

1120142

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120173

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

1120046

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1120057

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

XXXX

1120112

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120052

XXXX

Closed

FCRE6019

2025-05-20 11:37

2025-05-30 08:51

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-As per new guidance from the Lender, XXXX is no longer required - Due Diligence Vendor-05/30/2025
Ready for Review-Please waive the finding as the file contains the appropriate documents as per the XXXX ITIN program requirements prescribed in section 4.1 of the XXXX DSCR guidelines. Proof of citizenship is documented by the IRS ITIN letter and state-issued photo ID. Additional proof of U.S. citizenship is not required. Thank you. - Seller-05/29/2025
Counter-Documentation in the loan file is insufficient.  Unable to very expiration dates, country of origin...etc. - Due Diligence Vendor-05/27/2025
Ready for Review-The uploaded loan file included the borrower's photo ID and ITIN on pages 517 & 547.  - Seller-05/22/2025
Open-Borrower Citizenship Documentation Is Missing Provide evidence of residency status by providing applicable USCIS documentation (Passport,  - Due Diligence Vendor-05/22/2025

Resolved-As per new guidance from the Lender, USCIS is no longer required - Due Diligence Vendor-05/30/2025

Months Reserves exceed minimum required - 0 mths reserves required- Borrower's reserves 101.43 mths

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 35%

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4192359

XXXX

1120163

XXXX

Closed

FCRE0969

2025-05-22 12:57

2025-05-27 15:32

Resolved

1 - Information

Credit

Closing

Prepayment Penalty Issue

Resolved-Upon further review, subject is in XXXX and closed in the Name of a LLC. PPP is allowed. - Due Diligence Vendor-05/27/2025
Ready for Review-We respectfully disagree. According to the administrative law, no interest rate restriction is placed upon loans subject to the XXXX. - Seller-05/22/2025
Open-Prepayment allowed on Fixed Rate when closing in LLC or as individual, permitted if interest rate is equal to or less than 6%. This loan does not meet the State Requirement for Prepayment Penalty - Due Diligence Vendor-05/22/2025

Ready for Review-We respectfully disagree. According to the administrative law, no interest rate restriction is placed upon loans subject to the XXXX Residential Mortgage Lending Act. - Seller-05/22/2025

Resolved-Upon further review, subject is in XXXX and closed in the Name of a LLC. PPP is allowed. - Due Diligence Vendor-05/27/2025

Months Reserves exceed minimum required - Min reserves req'd 3 mths- Borrower has 109.10 mths in reserves

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 770

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4216742

XXXX

1120197

XXXX

Closed

FCRE6696

2025-05-22 15:05

2025-05-27 15:55

Resolved

1 - Information

Credit

Income/Employment

Employment Self-Employed Less Than 2 Years at Origination

Resolved-Received Documentation to support 2+ years self employment. - Due Diligence Vendor-05/27/2025
Ready for Review-Document Uploaded. We kindly disagree, please see attached document, pulled from the state website, which confirms the borrower has been self employed since XXXX. Please note the 1003 is using income from a DBA for the business verified with the attached document. - Seller-05/22/2025
Open-CPA did not confirm years of SE - Due Diligence Vendor-05/22/2025

Ready for Review-Document Uploaded. We kindly disagree, please see attached document, pulled from the state website, which confirms the borrower has been self employed since XXXX. Please note the 1003 is using income from a DBA for the business verified with the attached document. - Seller-05/22/2025

Resolved-Received Documentation to support 2+ years self employment. - Due Diligence Vendor-05/27/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 680

Months Reserves exceed minimum required - 6 months reserves required, borrower has 10.81 documented

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

4218831

XXXX

1120129

XXXX

Closed

FCRE1440

2025-05-22 13:51

2025-05-22 15:03

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Originator exception granted to allow First time investor with no primary housing history. Non-material waiver applied with comp factors. - Due Diligence Vendor-07/18/2025

Open-Housing History Does Not Meet Guideline Requirements Exception Request: Borrower qualified as a First Time Investor does not own a primary 12 months. Seeking exception to move forward as First Time Investor borrower not on title to primary for 12 months and on mortgage.
- Due Diligence Vendor-05/22/2025

Waived-Originator exception granted to allow First time investor with no primary housing history. Non-material waiver applied with comp factors. - Due Diligence Vendor-07/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720- Borrower's FICO 782

Months Reserves exceed minimum required - Min reserves 3 mths- Borrower's reserves 9.33 mths.

- Fico score 20+ points above the minimum
- 24 month credit history 0X30

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

4217626

XXXX

1120166

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120117

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

1120131

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

XXXX

1120093

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120097

XXXX

Closed

FCRE6019

2025-05-22 16:21

2025-05-30 08:52

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-As per updated guidance from the Lender, the USCIS is no longer a requirement - Due Diligence Vendor-05/30/2025
Ready for Review-Please waive the finding as the file contains the appropriate documents as per the XXXX ITIN program requirements prescribed in section 4.1 of the XXXX guidelines. Proof of citizenship is documented by the IRS ITIN letter and state-issued photo ID. Additional proof of U.S. citizenship is not required. Thank you. - Seller-05/29/2025
Counter-Per guidelines, in addition to ITIN, and an unexpired government photo ID, the borrower(s) must evidence their residency status by providing applicable USCIS documentation. - Due Diligence Vendor-05/28/2025
Ready for Review-The uploaded loan file included the borrower's ID and ITIN on pages 531-532 as allowed per DSCR guidelines section 4.1: "ITIN (Individual Tax Identification Number) A XXXX without an SSN can qualify using ITIN (Individual Taxpayer Identification Number), The borrower(s) must possess a valid ITIN card or IRS ITIN letter, and an Unexpired Government Photo ID" - Seller-05/23/2025
Open-Borrower Citizenship Documentation Is Missing All Non-U.S. Citizen Borrower(s) must evidence their residency status by providing applicable USCIS documentation (Passport). Provide this documentation. - Due Diligence Vendor-05/23/2025

Ready for Review-Please waive the finding as the file contains the appropriate documents as per the XXXX ITIN program requirements prescribed in section 4.1 of the XXXX DSCR guidelines. Proof of citizenship is documented by the IRS ITIN letter and state-issued photo ID. Additional proof of U.S. citizenship is not required. Thank you. - Seller-05/29/2025
Ready for Review-The uploaded loan file included the borrower's ID and ITIN on pages 531-532 as allowed per DSCR guidelines section 4.1: "ITIN (Individual Tax Identification Number) A XXXX without an SSN can qualify using ITIN (Individual Taxpayer Identification Number), The borrower(s) must possess a valid ITIN card or IRS ITIN letter, and an Unexpired Government Photo ID" - Seller-05/23/2025

Resolved-As per updated guidance from the Lender, the USCIS is no longer a requirement - Due Diligence Vendor-05/30/2025

Months Reserves exceed minimum required - Min reserves 0 mths- Borrower has 11.24 mths in reserves

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640- Borrower's FICO 750

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4220365

XXXX

1120097

XXXX

Closed

FCRE0045

2025-05-23 06:21

2025-05-28 10:57

Resolved

1 - Information

Credit

Eligibility

Foreign National/Non Perm resident alien but ACH form is not in file

Resolved-Upon further review not required, borrower is not a XXXX. - Due Diligence Vendor-05/28/2025
Ready for Review-We respectfully disagree as an ACH is not required for an ITIN borrower. The uploaded loan file included the borrower's ITIN and Photo ID as allowed per guidelines. - Seller-05/23/2025
Open-Foreign National but the ACH form is Missing from file. Provide the ACH form. - Due Diligence Vendor-05/23/2025

Ready for Review-We respectfully disagree as an ACH is not required for an ITIN borrower. The uploaded loan file included the borrower's ITIN and Photo ID as allowed per guidelines. - Seller-05/23/2025

Resolved-Upon further review not required, borrower is not a XXXX. - Due Diligence Vendor-05/28/2025

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4224835

XXXX

1120185

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120098

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1120169

XXXX

Closed

FCOM1233

2025-05-23 15:17

2025-05-28 13:26

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-Corrected 1003 provided. - Due Diligence Vendor-05/28/2025

Counter-Received final 1003 with corrected borrower last name, missing borrower signature. - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. See attached - Seller-05/23/2025

Open-The Final 1003 is Incomplete -Borrower's Last name on 1003 is misspelled. - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. See attached - Seller-05/23/2025

Resolved-Corrected 1003 provided. - Due Diligence Vendor-05/28/2025

Qualifying DTI below maximum allowed - Max DTI 50%, borrowers DTI 34.46

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 720, borrowers mid score is 780

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

4233464

XXXX

1120169

XXXX

Closed

FCRE1509

2025-05-22 13:20

2025-05-28 13:24

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Corrected Note provided. - Due Diligence Vendor-05/28/2025
Ready for Review-Document Uploaded. Please see corrected Note - Seller-05/23/2025
Open-There are Issues Present on the Note that must be addressed. -----Borrower's last name is misspelled per SSC/Driver's License. Should read XXXX - Due Diligence Vendor-05/22/2025

Ready for Review-Document Uploaded. Please see corrected Note - Seller-05/23/2025

Resolved-Corrected Note provided. - Due Diligence Vendor-05/28/2025

Qualifying DTI below maximum allowed - Max DTI 50%, borrowers DTI 34.46

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 720, borrowers mid score is 780

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

4217126

XXXX

1120165

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

1120060

XXXX

Closed

finding-3634

2025-05-23 10:25

2025-06-18 07:37

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-PCCD XXXX lender credit for increase above legal limits, XXXX - Due Diligence Vendor-06/18/2025
Ready for Review-Document Uploaded. See attached - Seller-06/17/2025
Counter-No document attached. - Due Diligence Vendor-06/17/2025
Ready for Review-Please see attached PCCD showing a Final Seller Credit of XXXX confirming the XXXX refund was sent to the borrower - Seller-06/16/2025
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by XXXX (Appraisal and Credit Report fees) without a valid COC in file. There is a XXXX lender credit on final CD for closing costs above legal limit. Provide a valid and timely COC for increases OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXX. - Due Diligence Vendor-05/23/2025

Ready for Review-Document Uploaded. See attached - Seller-06/17/2025
Ready for Review-Please see attached PCCD showing a Final Seller Credit of XXXX confirming the XXXX refund was sent to the borrower - Seller-06/16/2025

Resolved-PCCD XXXX lender credit for increase above legal limits, XXXX - Due Diligence Vendor-06/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 781

Months Reserves exceed minimum required - Min reserves req'd 6 mths- Borrower has 83.91 mths in reserves

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

4227475

XXXX

1120060

XXXX

Closed

FCOM1353

2025-05-23 10:02

Waived

2 - Non-Material

Compliance

Disclosure

Incorrect ROR Form Type selected

Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/23/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

4227092

XXXX

1120199

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120193

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

1120198

XXXX

Closed

FCRE6019

2025-05-27 13:07

2025-05-30 08:52

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-As per updated guidance from the Lender, the USCIS is no longer a requirement - Due Diligence Vendor-05/30/2025
Ready for Review-We respectfully disagree. Both borrowers XXXX ID and ITIN documents were uploaded with the loan file, please refer to pages 33-37. - Seller-05/28/2025
Open-Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-05/27/2025

Ready for Review-We respectfully disagree. Both borrowers XXXX ID and ITIN documents were uploaded with the loan file, please refer to pages 33-37. - Seller-05/28/2025

Resolved-As per updated guidance from the Lender, the USCIS is no longer a requirement - Due Diligence Vendor-05/30/2025

Qualifying DTI below maximum allowed - Max DTI 50%- Borrowers DTI 21%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrowers FICO 808

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

4246114

XXXX

1120130

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

XXXX

1120170

XXXX

Closed

FCRE9501

2025-05-27 21:23

2025-05-30 15:31

Resolved

1 - Information

Credit

Assets

Total Qualified Assets Post-Close is Less than $0

Resolved-Received final CD from refi of other property confirming sufficient reserves. - Due Diligence Vendor-05/30/2025
Ready for Review-Document Uploaded. The funds for CTC were from the cash-out proceeds of a simultaneous refinance transaction for property address XXXX. Please see attached Final CD. - Seller-05/28/2025
Open-Total Qualified Assets Post-Close amount is 'XXXX'. Assets are Insufficient. Missing asset documentation to cover closing cost. - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. The funds for CTC were from the cash-out proceeds of a simultaneous refinance transaction for property address XXXX. Please see attached Final CD. - Seller-05/28/2025

Resolved-Received final CD from refi of other property confirming sufficient reserves. - Due Diligence Vendor-05/30/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO of 711 is higher than the minimum FICO required of 640

On time mortgage history exceeds guideline requirement - Credit report reflects on time mortgage history for last 50 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4251439

XXXX

1120194

XXXX

Closed

FCRE5116

2025-05-28 10:52

2025-06-03 15:33

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-Received rent free letter. - Due Diligence Vendor-06/03/2025
Ready for Review-Document Uploaded. There is a letter of explanation showing borrower lives rent free on page XXXX of Property Profile Report. - Seller-05/30/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOR or letter showing borrower lives rent free. - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. There is a letter of explanation showing borrower lives rent free on page 18 of Property Profile Report. - Seller-05/30/2025

Resolved-Received rent free letter. - Due Diligence Vendor-06/03/2025

Months Reserves exceed minimum required - Verified assets of 6.01 months exceeds the minimum required of 3 months

Qualifying DTI below maximum allowed - DTI of 42.64% is less than the maximum allowed per guidelines of 50%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

4256216

XXXX

1120194

XXXX

Closed

FCRE1148

2025-05-28 11:30

2025-06-03 15:32

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Upon further review, the loan file contained all required title coverage documentation.   - Due Diligence Vendor-06/03/2025
Ready for Review-Page 933 of closing package shows Title coverage amount of XXXX which matches our total loan amount. No issues.   - Seller-05/30/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title coverage is not sufficient  - Due Diligence Vendor-05/28/2025

Ready for Review-Page 933 of closing package shows Title coverage amount of XXXX which matches our total loan amount. No issues. - Seller-05/30/2025

Resolved-Upon further review, the loan file contained all required title coverage documentation. - Due Diligence Vendor-06/03/2025

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

4257129

XXXX

1120194

XXXX

Closed

FCRE1278

2025-05-28 11:06

2025-05-28 11:45

Waived

2 - Non-Material

Credit

Eligibility

Escrow waiver guidelines were not met

Waived-Originator exception granted to allow escrow waiver, Non-material waiver applied with comp factors. non-material due to waiving escrows. - Due Diligence Vendor-05/28/2025

Open-Exception in file to waive impounds with an LTV at 85% - Due Diligence Vendor-05/28/2025

Waived-Originator exception granted to allow escrow waiver, Non-material waiver applied with comp factors. non-material due to waiving escrows. - Due Diligence Vendor-05/28/2025

Borrower has been in the same line of work for over 10 years. DTI 5%
lower than max

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

4256507

XXXX

1120088

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120143

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

1120187

XXXX

Closed

FCRE1509

2025-05-27 14:37

2025-06-04 14:01

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Signed Note provided. - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Open-There are Issues Present on the Note that must be addressed. note is not signed - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Resolved-Signed Note provided. - Due Diligence Vendor-06/04/2025

DSCR % greater than 1.20 - DSCR 1.305

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, borrowers mid score is 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4247639

XXXX

1120187

XXXX

Closed

FCOM8972

2025-06-02 16:23

2025-06-04 14:00

Resolved

1 - Information

Credit

Missing Doc

Missing Deed of Trust Riders

Resolved-Security Instrument Date was provided with language in note. - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please note the information is included in the attached Mortgage. - Seller-06/03/2025

Open-Missing 1-4 rider - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please note the information is included in the attached Mortgage. - Seller-06/03/2025

Resolved-Security Instrument Date was provided with language in note. - Due Diligence Vendor-06/04/2025

DSCR % greater than 1.20 - DSCR 1.305

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, borrowers mid score is 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4304664

XXXX

1120187

XXXX

Closed

FCRE1116

2025-05-27 14:49

2025-06-04 13:58

Resolved

1 - Information

Credit

Closing

Security Instrument Date does not equal Note Date

Resolved-Security Instrument Date was provided. - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Open-Security Instrument Date does not match the Note Date - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Resolved-Security Instrument Date was provided. - Due Diligence Vendor-06/04/2025

DSCR % greater than 1.20 - DSCR 1.305

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, borrowers mid score is 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4247807

XXXX

1120187

XXXX

Closed

FCOM1220

2025-05-27 14:49

2025-06-04 13:58

Resolved

1 - Information

Credit

Missing Doc

The Deed of Trust is Missing

Resolved-Security Instrument Date (DOT) was provided. - Due Diligence Vendor-06/04/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Open-The Deed of Trust is Missing - Due Diligence Vendor-05/27/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Resolved-Security Instrument Date (DOT) was provided. - Due Diligence Vendor-06/04/2025

DSCR % greater than 1.20 - DSCR 1.305

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, borrowers mid score is 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4247808

XXXX

1120161

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

XXXX

1120074

XXXX

Closed

FCRE1148

2025-05-28 14:26

2025-06-04 14:06

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Title Coverage Amount of XXXX was provided. - Due Diligence Vendor-06/04/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide proof of sufficient Title Coverage. - Due Diligence Vendor-05/28/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2025

Resolved-Title Coverage Amount of XXXX was provided. - Due Diligence Vendor-06/04/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680- Borrower's FICO 784

Months Reserves exceed minimum required - Min reserves 6mths- Borrower has 43 mths in reserves

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

4259937

XXXX

1120075

XXXX

Closed

FCRE0110

2025-05-29 07:37

2025-05-29 08:44

Waived

2 - Non-Material

Credit

Eligibility

Missing or incomplete documentation for Solar Panels

Waived-Originator exception granted to allow without solar documents and with title clearance of UCC. Non-material waiver applied to finding with compensating factors.
Refinance transaction. Borrower does not have any outstanding solar obligation. UCC removed from title. - Due Diligence Vendor-05/29/2025

Open-Exception Request: If a previously filed UCC was temporarily removed from title through a UCC termination, evidence must be provided that the UCC was paid in full otherwise the financed balance must be included in LTV/CLTV. Exception to proceed without any solar documents and with title clearance of UCC. - Due Diligence Vendor-05/29/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 784

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR=/> 1.00 and minimum is 0.85 or Less--- Borrower's DSCR 1.011%- No minimum DSCR.

FICO is 84pts above minimum

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

4267022

XXXX

1120111

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120176

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

1120156

XXXX

Closed

FCRE1455

2025-06-02 09:21

2025-06-10 16:40

Resolved

1 - Information

Credit

Assets

Asset 1 Less Than 2 Months Verified

Resolved-Upon further review, 1 month of verification is required. - Due Diligence Vendor-06/10/2025
Ready for Review-Guideline for DSCR Assets do not require seasoning and 2 months average not required. - Seller-06/06/2025
Ready for Review-Document Uploaded. XXXXe Business Bank Statement XXXX is a new account opened on XXXX. An opening deposit of XXXX was made on XXXX to Chase XXXX which was sourced from a withdrawal made on XXXX from the Borrower's CFR Medical Transportation XXXX Business Bank Statement XXXX. - Seller-06/06/2025
Open-Asset 1 Less Than 2 Months Verified 30-day statement required - Due Diligence Vendor-06/02/2025

Ready for Review-Guideline for DSCR Assets do not require seasoning and 2 months average not required. - Seller-06/06/2025
Ready for Review-Document Uploaded. XXXX Business Bank Statement XXXX is a new account opened on XXXX. An opening deposit of XXXX was made on XXXX to XXXX XXXX which was sourced from a withdrawal made on XXXX from the Borrower's XXXX. - Seller-06/06/2025

Resolved-Upon further review, 1 month of verification is required. - Due Diligence Vendor-06/10/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20- Borrower's DSCR % is 1.303.

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 751

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4297047

XXXX

1120156

XXXX

Closed

FCRE1200

2025-05-29 10:26

2025-06-10 16:37

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator exception granted to allow loan amount < XXXX. Non-material waiver applied to finding with compensating factors. Non-Material as the variance is XXXX - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. - Seller-06/09/2025
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX The Loan Amount is less than the minimum amount allowed. - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. - Seller-06/09/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20- Borrower's DSCR % is 1.303.

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 751

DSCR ratio > 1.2

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

4269156

XXXX

1120156

XXXX

Closed

FCRE1491

2025-05-29 10:18

2025-06-02 09:21

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Assets were provided and met the applicable guidelines. - Due Diligence Vendor-06/02/2025
Ready for Review-Document Uploaded. Bank statement shows XXXX Checking XXXXdated td XXXX from XXXX shows a transfer of XXXX dated td XXXX to newly opened business account with Chase XXXX on XXXX for XXXX. - Seller-05/29/2025
Open-Asset Qualification Does Not Meet Guideline Requirements no assets provided - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. Bank statement shows XXXX dated td XXXX from XXXX shows a transfer of XXXX dated td XXXX to newly opened business account with XXXX on XXXX for XXXX. - Seller-05/29/2025

Resolved-Assets were provided and met the applicable guidelines. - Due Diligence Vendor-06/02/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20- Borrower's DSCR % is 1.303.

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 751

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4268987

XXXX

1120156

XXXX

Closed

FCRE8201

2025-05-29 11:20

2025-05-30 08:55

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-As per updated guidance from the Lender, USCIS is not longer a requirement - Due Diligence Vendor-05/30/2025
Ready for Review-Document Uploaded. We disagree, file contains a copy of the borrower's expired Perm Res Card and an XXXX form which extended the good through date to XXXX. - Seller-05/29/2025
Open-Valid legal residence documentation not provided. - Due Diligence Vendor-05/29/2025

Ready for Review-Document Uploaded. We disagree, file contains a copy of the borrower's expired Perm Res Card and an I797 form which extended the good through date to XXXX. - Seller-05/29/2025

Resolved-As per updated guidance from the Lender, USCIS is not longer a requirement - Due Diligence Vendor-05/30/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20- Borrower's DSCR % is 1.303.

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 751

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

4270411

XXXX

1120156

XXXX

Closed

FCRE1440

2025-05-29 10:10

2025-05-29 11:44

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Housing History Does Not Meet Guideline Requirements 75% LTV with no VOR
Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR loan and strong compensating factors. - Due Diligence Vendor-05/29/2025

Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-05/29/2025

DSCR % greater than 1.20 - DSCR% greater than 1.20- Borrower's DSCR % is 1.303.

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Borrower's FICO 751

DSCR Ratio is 1.20
Score 20+ points above minimum

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

4268851

XXXX

1120188

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

1120087

XXXX

Closed

FCRE1181

2025-05-30 10:24

2025-06-18 16:43

Resolved

1 - Information

Credit

Insurance

Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed

Resolved-Notice of Special Flood Hazard Disclosure provided. - Due Diligence Vendor-06/18/2025
Counter-Notice of Special Flood Hazard Disclosure is required.  Original finding remains. - Due Diligence Vendor-06/17/2025
Ready for Review-Please note that the Flood Determination is not required to be signed by the borrower; As the lender, we are required to complete a Flood Determination Search and provide the documentation to the borrower to advise the property is located within a Flood Zone.  We note that we met our obligation by obtaining the Flood Cert and providing it to the borrower on XXXX; well before our closing date of XXXX - Seller-06/16/2025
Counter-Documentation received is insufficient-original finding remains.   - Due Diligence Vendor-06/10/2025
Ready for Review-Please waive the finding as the flood determination was delivered to the borrower on XXXX, within 10 days of closing.  - Seller-06/09/2025
Open-Subject Property is in Flood Zone XXXX but Notice of Special Flood Hazard Disclosure was not provided Provide the signed and dated Notice of Special Flood Hazard Disclsoure. - Due Diligence Vendor-05/30/2025

Ready for Review-Please note that the Flood Determination is not required to be signed by the borrower; As the lender, we are required to complete a Flood Determination Search and provide the documentation to the borrower to advise the property is located within a Flood Zone. We note that we met our obligation by obtaining the Flood Cert and providing it to the borrower on XXXX; well before our closing date of XXXX - Seller-06/16/2025
Ready for Review-Please waive the finding as the flood determination was delivered to the borrower on XXXX, within 10 days of closing. - Seller-06/09/2025

Resolved-Notice of Special Flood Hazard Disclosure provided. - Due Diligence Vendor-06/18/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4282619

XXXX

1120087

XXXX

Closed

FCRE1500

2025-05-30 12:06

2025-06-18 16:43

Resolved

1 - Information

Credit

QM-ATR

ATR: Not All Liabilities, Including Alimony and Child Support, in DTI Ratio

Resolved-ATR: All Liabilities, Including Alimony and Child Support, are factored into DTI Ratio or Not Applicable - Due Diligence Vendor-06/10/2025

Ready for Review-Document Uploaded. - Seller-06/09/2025

Open-ATR: Not All Liabilities, Including Alimony and Child Support, in DTI Ratio Missing evidence of exclusion of debt - Due Diligence Vendor-05/30/2025

Ready for Review-Document Uploaded. - Seller-06/09/2025

Resolved-ATR: All Liabilities, Including Alimony and Child Support, are factored into DTI Ratio or Not Applicable - Due Diligence Vendor-06/10/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4284604

XXXX

1120087

XXXX

Closed

FCRE1506

2025-05-30 12:06

2025-06-18 16:43

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/10/2025
Ready for Review-Both the XXXX motor is paid by the business. See attached. Thank you. - Seller-06/09/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing evidence of exclusion of debt - Due Diligence Vendor-05/30/2025

Ready for Review-Both the XXXX motor is paid by the business. See attached. Thank you. - Seller-06/09/2025

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/10/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4284605

XXXX

1120087

XXXX

Closed

FCRE1324

2025-05-30 10:41

2025-06-17 14:39

Resolved

1 - Information

Credit

Income/Employment

Borrower 1 Tax Returns Not Signed

Resolved-Received electronic filing in lieu of signature and file contains transcripts.  - Due Diligence Vendor-06/17/2025
Ready for Review-Document Uploaded. Please waive the finding since XXXX guide states that a documentation confirming the tax returns were filed electronically is acceptable as a signature alternative. Please see attached.  - Seller-06/14/2025
Counter-Documentation received is insufficient-original finding remains.  - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please see attached IRS e-file Signature Authorization and XXXX 1040's. - Seller-06/06/2025
Open-Borrower 1 Tax Returns Not Signed Provide the XXXX 1040s signed by both borrowers.
- Due Diligence Vendor-05/30/2025

Ready for Review-Document Uploaded. Please waive the finding since XXXX guide states that a documentation confirming the tax returns were filed electronically is acceptable as a signature alternative. Please see attached. - Seller-06/14/2025
Ready for Review-Document Uploaded. Please see attached IRS e-file Signature Authorization and XXXX 1040's. - Seller-06/06/2025

Resolved-Received electronic filing in lieu of signature and file contains transcripts. - Due Diligence Vendor-06/17/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4282868

XXXX

1120087

XXXX

Closed

finding-3540

2025-05-29 11:13

2025-06-11 07:16

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Upon further review, finding resolved. - Due Diligence Vendor-06/11/2025
Ready for Review-Please waive this finding as it is invalid since TRID FAQ requires:

A creditor must ensure that a consumer receives an initial Closing Disclosure no later than three business days before consummation. 12 CFR § 1026.19(f)(1)(ii)(A). If the disclosed terms change after the creditor has provided the initial Closing Disclosure to the consumer, the creditor must provide a corrected Closing Disclosure to the consumer. Unless the change is one of the three types of changes discussed below, it is sufficient if the consumer receives the corrected Closing Disclosure at or before consummation. 12 CFR § 1026.19(f)(2)(i). This means that, for most types of changes, the creditor can consummate the loan without waiting three business days after the consumer receives the corrected Closing Disclosure.

So even if the borrower did not view this CD electronically, they received a copy of the CD with the changes reflected on it at closing within three business days of the change.
- Seller-06/09/2025
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. -----Due to increase in closing cost fees, please provide evidence that borrower's acknowledged CD XXXX. - Due Diligence Vendor-05/29/2025

Ready for Review-Please waive this finding as it is invalid since TRID FAQ requires:

A creditor must ensure that a consumer receives an initial Closing Disclosure no later than three business days before consummation. 12 CFR § 1026.19(f)(1)(ii)(A). If the disclosed terms change after the creditor has provided the initial Closing Disclosure to the consumer, the creditor must provide a corrected Closing Disclosure to the consumer. Unless the change is one of the three types of changes discussed below, it is sufficient if the consumer receives the corrected Closing Disclosure at or before consummation. 12 CFR § 1026.19(f)(2)(i). This means that, for most types of changes, the creditor can consummate the loan without waiting three business days after the consumer receives the corrected Closing Disclosure.

So even if the borrower did not view this CD electronically, they received a copy of the CD with the changes reflected on it at closing within three business days of the change.
- Seller-06/09/2025

Resolved-Upon further review, finding resolved. - Due Diligence Vendor-06/11/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4270115

XXXX

1120087

XXXX

Closed

FCRE1356

2025-05-30 11:56

2025-06-10 16:59

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 YTD Profit & Loss Missing

Resolved-Upon further review, the loan file contained all required income documentation. - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please waive the finding as the XXXX program does not require a 2025 ytd P&L, ytd P&L is a XXXX overlay. - Seller-06/09/2025
Open-Borrower 2 YTD Profit & Loss Missing Missing 2025 P&L - Due Diligence Vendor-05/30/2025

Ready for Review-Document Uploaded. Please waive the finding as the XXXX program does not require a XXXX ytd P&L, ytd P&L is a XXXX overlay. - Seller-06/09/2025

Resolved-Upon further review, the loan file contained all required income documentation. - Due Diligence Vendor-06/10/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4284359

XXXX

1120087

XXXX

Closed

FCRE4963

2025-05-30 12:04

2025-06-10 16:51

Resolved

1 - Information

Credit

Debt

No evidence of required debt payoff

Resolved-Received confirmation paid by business. - Due Diligence Vendor-06/10/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-06/06/2025
Open-Lender to provide evidence of the reason for excluding XXXX Finance company XXXX - Due Diligence Vendor-05/30/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/06/2025

Resolved-Received confirmation paid by business. - Due Diligence Vendor-06/10/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4284570

XXXX

1120087

XXXX

Closed

FCRE5778

2025-06-02 13:48

2025-06-02 13:49

Resolved

1 - Information

Credit

Eligibility

Borrower 1 Credit Report is Expired

Resolved-Credit Report date is after the Note Date please review. XXXX Score based on updated credit dated XXXX (pulled after closing); there is a prior credit report dated XXXX & expired XXXX. - Due Diligence Vendor-06/02/2025
Open-Credit Report date is after the Note Date please review. XXXX Score based on updated credit dated XXXX (pulled after closing). - Due Diligence Vendor-06/02/2025

Resolved-Credit Report date is after the Note Date please review. FICO Score based on updated credit dated XXXX (pulled after closing); there is a prior credit report dated XXXX & expired XXXX. - Due Diligence Vendor-06/02/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4301820

XXXX

1120087

XXXX

Closed

FCRE1197

2025-05-30 12:10

2025-05-30 12:12

Waived

2 - Non-Material

Credit

Eligibility

Audited FICO is less than Guideline FICO

Waived-Originator exception granted to allow XXXX of 645, Non-material waiver applied with comp factors. non-material due to full doc loan. - Due Diligence Vendor-07/16/2025
Open-Audited XXXX of 645 is less than Guideline XXXX of 660 660 required for LTV of 75% - Due Diligence Vendor-05/30/2025

Waived-Originator exception granted to allow FICO of 645, Non-material waiver applied with comp factors. non-material due to full doc loan. - Due Diligence Vendor-07/16/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

0x30x24
5+ years in primary residence

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

4284652

XXXX

1120087

XXXX

Closed

FCRE1194

2025-05-30 11:34

2025-05-30 12:11

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted to allow LTV of 75%, Non-material waiver applied with comp factors. non-material due to Full doc loan - Due Diligence Vendor-05/30/2025
Open-Audited LTV of 75% exceeds Guideline LTV of 65% Exception Request: Current Product Matrix requires a 660 min XXXX for Cash Out LTV of 75 for loan amounts up to 1.5m. Seeking exception to allow 645 XXXX for Cash Out LTV of 75% for loan amount up to 1.5m. - Due Diligence Vendor-05/30/2025

Waived-Originator exception granted to allow LTV of 75%, Non-material waiver applied with comp factors. non-material due to Full doc loan - Due Diligence Vendor-05/30/2025

Months Reserves exceed minimum required - Min reserves required 9 mths- Borrowers have 14.01 mths in reserves.

Long term residence - Borrowers have resided in primary residence for 5+ years.

- 0X 30 X 24
- 5+ years in primary residence
- years on job 2

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

4284069

XXXX

1120196

XXXX

Closed

FCRE1252

2025-06-03 07:38

2025-06-18 18:37

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-Received supplement with the correct Zip Code. - Due Diligence Vendor-06/18/2025

Ready for Review-Document Uploaded. We ask that this condition be waived as the zip code is just a Typo. Please note that the Legal Description is correct and is what holds weight. - Seller-06/17/2025

Open-Provide Title with the correct Zip Code. - Due Diligence Vendor-06/03/2025

Ready for Review-Document Uploaded. We ask that this condition be waived as the zip code is just a Typo. Please note that the Legal Description is correct and is what holds weight. - Seller-06/17/2025

Resolved-Received supplement with the correct Zip Code. - Due Diligence Vendor-06/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 711

Months Reserves exceed minimum required - 0 mths reserves req'd- Borrower has 83.15 mths in reserves

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

4309962

XXXX

1120049

XXXX

Closed

FCRE1254

2025-06-02 13:49

2025-06-19 15:18

Resolved

1 - Information

Credit

Title

Property Title Issue

Resolved-Received Final Title. - Due Diligence Vendor-06/19/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2025
Open-Property Title Issue Missing title correction: Sch B/Part 1/#5 on title is incorrect, should be XXXX recorded - Due Diligence Vendor-06/02/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2025

Resolved-Received Final Title. - Due Diligence Vendor-06/19/2025

Long term residence - Primary residence for over 25 years

Months Reserves exceed minimum required - 0 minimum reserves required, borrower has 97 documented

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

4301837

XXXX

1120070

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other