CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. ABS-15G

Exhibit 99.23

CSMC 2021 NQM5 Rebuttal Findings 07.13.2021
Seller:
Deal ID:
Total Loan Count: 75
		Loans by Grade in Population														Trade Summary
		Loan Grade					Count			Percentage						Loan Status				Count	Percentage
		1					75			100.00%						Review Complete				75	100.00%
						Finding Status						Final Finding Grade
	Initial Findings Grade		Count	Rebuttal Received	Responses Given	Open		Resolved	UpHeld		Void	3	4	2	1
	3		24	24	24	0		24	0		0	0	0	0	24
	4		5	5	5	0		5	0		0	0	0	0	5
	2		5	5	5	0		5	0		0	0	0	0	5
	1		201	0	0	200		1	0		0	0	0	0	201
													Initial Finding Grade				Final Finding Grade
	Exceptions											Count	3	4	2		3	4	2
	Compliance											8	4	1	3		0	0	0
	Compliance Finding - Other Documentation											2	0	0	2		0	0	0
	Security Instrument - Incomplete											2	2	0	0		0	0	0
	HUD1 - Illegible											1	1	0	0		0	0	0
	Note - Incomplete											1	1	0	0		0	0	0
	HMDA - Government Monitoring											1	0	0	1		0	0	0
	Note - Missing											1	0	1	0		0	0	0
	Credit											23	18	4	1		0	0	0
	Initial Application - Missing											5	1	4	0		0	0	0
	Program Parameters - Loan Amount											4	4	0	0		0	0	0
	Hazard Insurance - Missing/Insufficient											3	3	0	0		0	0	0
	Verification Documentation - VOE/Missing											3	3	0	0		0	0	0
	Flood Certificate - Missing											2	2	0	0		0	0	0
	Verification Documentation - VOE Self-Employed/Missing											2	2	0	0		0	0	0
	Contract - Missing											1	1	0	0		0	0	0
	Final Application - Missing											1	0	0	1		0	0	0
	DTI - Exceeds Guidelines - originator (not pcqc eligible)											1	1	0	0		0	0	0
	Assets - Minimum Reserves											1	1	0	0		0	0	0
	Valuation											3	2	0	1		0	0	0
	Appraisal - Other											2	1	0	1		0	0	0
	Appraisal - Value is not supported within 15% of original appraisal amount											1	1	0	0		0	0	0

Loan Number

Last Name

Note Date

Original Loan Amount

QM Status

ATR Status

Compliance Exceptions

Credit Exceptions

Property Valuation Exceptions

Compensating Factors

Initial Rating

Final Rating

Initial Credit Rating

Final Credit Rating

Initial Compliance Rating

Final Compliance Rating

Initial Property Valuation Rating

Final Property Valuation Rating

Initial Overall Grade(Moody's)

Final Overall Grade(Moody's)

Initial Credit Grade (Moody's)

Final Credit Grade (Moody's)

Initial Property Valuation Grade (Moody's)

Final Property Valuation Grade (Moody's)

Initial Compliance Grade (Moody's)

Final Compliance Grade (Moody's)

Initial Overall Grade (S&P)

Final Overall Grade (S&P)

Initial Credit Grade (S&P)

Final Credit Grade (S&P)

Initial Property Valuation Grade (S&P)

Final Property Valuation Grade (S&P)

Initial Compliance Grade (S&P)

Final Compliance Grade (S&P)

Initial Overall Grade (Fitch)

Final Overall Grade (Fitch)

Initial Credit Grade (Fitch)

Final Credit Grade (Fitch)

Initial Property Valuation Grade (Fitch)

Final Property Valuation Grade (Fitch)

Initial Compliance Grade (Fitch)

Final Compliance Grade (Fitch)

Initial Overall Loan Grade (DBRS Morningstar)

Final Overall Loan Grade (DBRS Morningstar)

Initial Credit Grade (DBRS Morningstar)

Final Credit Grade (DBRS Morningstar)

Initial Property Valuation Grade (DBRS Morningstar)

Final Property Valuation Grade (DBRS Morningstar)

Initial Compliance Grade(DBRS Morningstar)

Final Compliance Grade(DBRS Morningstar)

Initial Overall Loan Grade (KBRA)

Final Overall Loan Grade (KBRA)

Initial Credit Grade (KBRA)

Final Credit Grade (KBRA)

Initial Property Valuation Grade (KBRA)

Final Property Valuation Grade (KBRA)

Initial Compliance Grade(KBRA)

Final Compliance Grade(KBRA)

432709920

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283583

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Assets - Minimum Reserves- Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The borrower closed 2 loans within 30 days; therefore, the borrower is required to verify the qualifying reserves for each loan closed within 30 days in addition to required cash to close for all loans. The required cash to close, POC and EMD was $XXXX and the combined reserve requirements are $XXXX. The total required assets $XXXX. The total verified assets, inclusive of the wire transfer for the cash to close was $XXXX. Response 1 (XX/XX/XXXX 2:52PM) Documentation provided supports $XXXX reserve shortage. (Upheld) Response 2 (XX/XX/XXXX 6:01PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

432517874

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432517877

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432261461

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709924

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709925

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283584

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709926

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709927

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Other- The subject property's county was declared a disaster on XX/XX/XXX due to severe winter storms. The property appraisal, dated XX/XX/XXXX, was completed prior to the disaster. A disaster inspection is required. Response 1 (XX/XX/XXXX 8:06PM) Documentation received is sufficient. (Resolved) (Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

1

1

1

1

3

1

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

433283587

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432517883

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Initial Application - Missing- The Initial application is missing as required by guides. The initial application provided is not completely legible for review. Response 1 (XX/XX/XXXX 8:04AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

4

1

4

1

1

1

1

1

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

433283588

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709930

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709931

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709932

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709933

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709934

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Initial Application - Missing- The Initial application is missing as required by guides. The loan application is illegible. Response 1 (XX/XX/XXXX 9:58AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

432709935

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709936

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709937

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is not supported within 10% of original appraisal amount- The AVM did not support the value within a 10% variance. The loan file contains a CDA that doe not support the opinion of value in the origination appraisal report. Response 1 (XX/XX/XXXX 1:24PM) Explanation received is sufficient. (Resolved)

3

1

1

1

1

1

3

1

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

433283589

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283590

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709939

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283591

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283592

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Hazard Insurance - Missing/Insufficient- The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. Response 1 (XX/XX/XXXX 8:18AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283593

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709942

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Program Parameters - Loan Amount- The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the chain of title in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required. Response 1 (XX/XX/XXXX 8:20PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

432709943

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283594

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Program Parameters - Loan Amount- The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the exception form in the loan file, the subject property was purchased by the borrower in the later part of 2020 for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file only contain documentation supporting $XXXX in improvements. Response 1 (XX/XX/XXXX 4:42PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283595

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283596

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283598

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Verification Documentation - VOE/Missing- The subject loan was closed in the name of an LLC. The loan file did not contain documentation confirming the borrower had ownership interest in the LLC. Response 1 (XX/XX/XXXX 6:59AM) Documentation received is sufficient. (Resolved) (Clear) Program Parameters - Loan Amount- The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the appraisal in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required. Response 1 (XX/XX/XXXX 7:02AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283599

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709945

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Final Application - Missing- The Final application is missing as required by guides. Response 1 (XX/XX/XXXX 7:09PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

2

1

2

1

1

1

1

1

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

432709946

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283600

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709947

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709948

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283602

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709949

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Hazard Insurance - Missing/Insufficient- The loan was missing the rent loss coverage from the current hazard insurance policy on the subject property. Response 1 (XX/XX/XXXX 9:46AM) Documentation received is sufficient. (Resolved) (Clear) Program Parameters - Loan Amount- The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the chain of title in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required. Response 1 (XX/XX/XXXX 9:45AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283603

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Other- The subject property's county was declared a disaster on XX/XX/XXXX due to severe winter storms. The property appraisal, dated XX/XX/XXXX was completed prior to the disaster. A disaster inspection is required. Response 1 (XX/XX/XXXX 4:47PM) Documentation received is sufficient. (Resolved) (Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

2

1

1

1

1

1

2

1

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

B

A

A

A

432709951

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283604

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283605

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283607

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709952

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709953

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709954

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709955

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

432709956

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) Security Instrument - Incomplete- The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Missing Notary Signature Response 1 (XX/XX/XXXX 11:08AM) The documentation provided is sufficient to cure the finding. (Resolved) (Clear) Compliance Finding - Other Documentation- There were additional observations regarding the closing documentation. Business Purpose Affidavit does not reflect Notary stamp. Response 1 (XX/XX/XXXX 11:08AM) The documentation provided is sufficient to cure the finding. (Resolved)

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

1

1

3

1

1

1

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

432709958

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Flood Certificate - Missing- The flood certificate is missing. Response 1 (XX/XX/XXXX 4:55PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283610

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Verification Documentation - VOE/Missing- The subject loan was closed in the name of an LLC. The loan file does not contain documentation confirming the borrower had ownership interest in the LLC. Response 1 (XX/XX/XXXX 7:05AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283611

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Verification Documentation - VOE Self-Employed/Missing- The loan file does not contain documentation confirming the borrower has ownership interest in XXXX LLC. Response 1 (XX/XX/XXXX 8:21AM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

432709959

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283612

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283617

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Initial Application - Missing- The Initial application is missing as required by guides. The loan application is missing pages 3 and 4. Response 1 (XX/XX/XXXX 3:58PM) Documentation received is sufficient. (Resolved) (Clear) DTI - Exceeds Guidelines- The lender guidelines for a single family property under $XXXX is a minimum of 1.20 DSCR. The loan approval reflected a DSCR of 1.495. A review of the appraisal reflected a homeowner's associate fee of $XXXX per month which was not included in the qualifying DSCR. The actual DSCR is 1.098 which is below the minimum. Response 1 (XX/XX/XXXX 4:04PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283618

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283619

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283621

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) HMDA - Government Monitoring- The Government Monitoring Section on the application was not completed and acknowledged. Home Mortgage Disclosure Act (Regulation C)12 CFR 1003.4(b)Equal Credit Opportunity Act (Regulation B)12 CFR 1002.13 Response 1 (XX/XX/XXXX 2:45PM) The documentation provided is sufficient to cure the finding. (Resolved)

(Clear) Initial Application - Missing- The Initial application is missing as required by guides. The loan application is incomplete. Response 1 (XX/XX/XXXX 3:55PM) Documentation received is sufficient. (Resolved) (Clear) Verification Documentation - VOE Self-Employed/Missing- The loan file does not contain documentation confirming the borrower owns XXXX LLC, the name which the loan was closed in. Response 1 (XX/XX/XXXX 3:55PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

2

1

1

1

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

432709961

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) Note - Incomplete- The following section(s) of the Note is incomplete: The note is Illegible. Response 1 (XX/XX/XXXX 12:06PM) The documentation provided is sufficient to cure the finding. (Resolved) (Clear) Security Instrument - Incomplete- The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The security Instrument and 1-4 Family Rider is illegible. Response 1 (XX/XX/XXXX 12:06PM) The documentation provided is sufficient to cure the finding. (Resolved) (Clear) HUD1 - Illegible- The HUD-1 Settlement Statement provided in the loan file is illegible. As a result the following reviews could not be performed: TILA Accuracy, MDIA, Agency Points and Fees, QM Points and Fees, QM DTI Threshold, Federal Threshold, State Threshold, RESPA 2010 review, and final HUD-1 accuracy. Response 1 (XX/XX/XXXX 11:16AM) The documentation provided is sufficient to cure the finding. (Resolved) (Clear) Compliance Finding - Other Documentation- There were additional observations regarding the closing documentation. The Business Purpose Affidavit is illegible. Response 1 (XX/XX/XXXX 11:17AM) The documentation provided is sufficient to cure the finding. (Resolved)

(Clear) Contract - Missing- The file contained no evidence of a properly executed sales contract. There was only one page of an addendum to the contract available to be reviewed. Response 1 (XX/XX/XXXX 6:56PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

3

1

3

1

3

1

1

1

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

433283623

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283624

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283626

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan included an initial CDA dated XX/XX/XXXX with a value of $XXXX and variance exceeding 10%/High Risk. XXXX completed a CDA Reconciliation and found an additional comparable which sold for $XXXX The XXXX Recon dated XX/XX/XXXX supported the original appraised value of $XXXX.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283627

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Initial Application - Missing- The Initial application is missing as required by guides. The loan application is illegible. Response 1 (XX/XX/XXXX 2:31PM) XXXX application is required. (Upheld) Response 2 (XX/XX/XXXX 2:56PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

4

1

4

1

1

1

1

1

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

433283628

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) Note - Missing- The Note is missing. Response 1 (XX/XX/XXXX 3:05PM) The documentation provided is sufficient to cure the finding. (Resolved)

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

4

1

1

1

4

1

1

1

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

433283629

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283630

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283631

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Verification Documentation - VOE/Missing- The subject loan closed in the name of an LLC. The loan file did not contain documentation that the borrower had any ownership interest in the LLC. Response 1 (XX/XX/XXXX 6:18PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283632

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283633

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283634

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283635

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) No Credit Findings- The loan meets all applicable credit guidelines.

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

1

1

1

1

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

433283637

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Hazard Insurance - Missing/Insufficient- The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The hazard insurance policy does not include loss rent coverage. Response 1 (XX/XX/XXXX 2:10PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

433283638

XXXX

XX/XX/XXXX

$XXXX

QM Exempt

ATR Exempt

(Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.

(Clear) Flood Certificate - Missing- The flood certificate is missing for the following properties: XXXX, XXXX and XXXX. Response 1 (XX/XX/XXXX 4:35PM) Documentation received is sufficient. (Resolved)

(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

3

1

3

1

1

1

1

1

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Loan Number

Finding #

Last Name

Note Date

Audit Category

Audit Issue

Finding ID

Exception Finding

Remediation Status

Exception Rebuttal

Exception Response

Status Comment

Initial Findings Grade

Final Findings Grade

Initial Loan Grade

Final Loan Grade

432709920

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709920

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709920

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

433283583

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283583

2 of 3

XXXX

XX/XX/XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The borrower closed 2 loans within 30 days; therefore, the borrower is required to verify the qualifying reserves for each loan closed within 30 days in addition to required cash to close for all loans. The required cash to close, POC and EMD was $XXXX and the combined reserve requirements are $XXXX. The total required assets $XXXX. The total verified assets, inclusive of the wire transfer for the cash to close was $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX 9:36AM) Asset verification attached showing borrower had already paid cash to close by the time second loan closed. UW approval attached showing borrower was only required to have PITIA reserves for both closings. Rebuttal 2 (XX/XX/XXXX 6:00PM) Documentation uploaded.

Response 1 (XX/XX/XXXX 2:52PM) Documentation provided supports $XXXX reserve shortage. (Upheld) Response 2 (XX/XX/XXXX 6:01PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283583

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

432517874

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432517874

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432517874

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432517877

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432517877

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432517877

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

432261461

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432261461

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432261461

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709924

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709924

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709924

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

432709925

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709925

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709925

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283584

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283584

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283584

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709926

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709926

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709926

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709927

1 of 4

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709927

2 of 4

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

3

1

432709927

3 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Other

XXXX

The subject property's county was declared a disaster on XX/XX/XXXX due to severe winter storms. The property appraisal, dated XX/XX/XXXX, was completed prior to the disaster. A disaster inspection is required.

Resolved

Rebuttal 1 (XX/XX/XXXX 10:18PM) See attached CDAIR

Response 1 (XX/XX/XXXX 8:06PM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709927

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283587

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283587

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283587

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432517883

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

4

1

432517883

2 of 3

XXXX

XX/XX/XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing as required by guides. The initial application provided is not completely legible for review.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:04PM) See attached Loan App.

Response 1 (XX/XX/XXXX 8:04AM) Documentation received is sufficient. (Resolved)

4

1

4

1

432517883

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

4

1

433283588

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283588

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283588

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709930

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709930

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709930

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

432709931

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709931

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709931

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709932

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709932

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709932

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709933

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709933

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709933

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709934

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709934

2 of 3

XXXX

XX/XX/XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing as required by guides. The loan application is illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX 9:44AM) Loan application attached.

Response 1 (XX/XX/XXXX 9:58AM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709934

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

432709935

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709935

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709935

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709936

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709936

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709936

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709937

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709937

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

3

1

432709937

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The AVM did not support the value within a 10% variance. The loan file contains a CDA that doe not support the opinion of value in the origination appraisal report.

Resolved

Rebuttal 1 (XX/XX/XXXX 1:08PM) Agree the CDAIR was XX% below Appraised Value. When this occurs, our lending value is the lesser of the two values, and in this instance the Purchase Price. The Purchase Price is the lowest at $XXXX and that is our lending value. We are within our Guidelines and this should be moved to a 1 for valuation purposes.

Response 1 (XX/XX/XXXX 1:24PM) Explanation received is sufficient. (Resolved)

3

1

3

1

433283589

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283589

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283589

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

433283590

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283590

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283590

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709939

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709939

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709939

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283591

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283591

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283591

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283592

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283592

2 of 3

XXXX

XX/XX/XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost.

Resolved

Rebuttal 1 (XX/XX/XXXX 10:34AM) RCE and ER approving coverage at $XXXX attached

Response 1 (XX/XX/XXXX 8:18AM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283592

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283593

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283593

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283593

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709942

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709942

2 of 3

XXXX

XX/XX/XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the chain of title in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required.

Resolved

Rebuttal 1 (XX/XX/XXXX 10:11PM) See improvements attached.

Response 1 (XX/XX/XXXX 8:20PM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709942

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

Resolved

1

1

3

1

432709943

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709943

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709943

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

433283594

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283594

2 of 3

XXXX

XX/XX/XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the exception form in the loan file, the subject property was purchased by the borrower in the later part of 2020 for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file only contain documentation supporting $XXXX in improvements.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:03PM) Repairs and improvement list attached

Response 1 (XX/XX/XXXX 4:42PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283594

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283595

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283595

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283595

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283596

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283596

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283596

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283598

1 of 4

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283598

2 of 4

XXXX

XX/XX/XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the appraisal in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required.

Resolved

Rebuttal 1 (XX/XX/XXXX 6:02PM) Renovation receipts attached totaling $XXXX

Response 1 (XX/XX/XXXX 7:02AM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283598

3 of 4

XXXX

XX/XX/XXXX

Credit

Verification Documentation - VOE/Missing

XXXX

The subject loan was closed in the name of an LLC. The loan file did not contain documentation confirming the borrower had ownership interest in the LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:11PM) Incumbency Cert attached

Response 1 (XX/XX/XXXX 6:59AM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283598

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283599

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283599

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283599

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709945

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

2

1

432709945

2 of 3

XXXX

XX/XX/XXXX

Credit

Final Application - Missing

XXXX

The Final application is missing as required by guides.

Resolved

Rebuttal 1 (XX/XX/XXXX 8:52AM) Loan Application Attached

Response 1 (XX/XX/XXXX 7:09PM) Documentation received is sufficient. (Resolved)

2

1

2

1

432709945

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

2

1

432709946

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709946

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709946

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

1

1

1

1

433283600

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283600

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283600

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709947

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709947

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709947

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709948

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709948

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709948

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283602

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283602

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283602

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709949

1 of 4

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709949

2 of 4

XXXX

XX/XX/XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing the rent loss coverage from the current hazard insurance policy on the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:47PM) Hazard Insurance attached with Rent Loss coverage highlighted.

Response 1 (XX/XX/XXXX 9:46AM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709949

3 of 4

XXXX

XX/XX/XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount exceeds maximum allowable under the guidelines. The lender guidelines state that if the borrower owned the subject property for less than 12 months, the loan amount will be limited to 100% of the acquisition cost plus the costs of documented improvements. According to the chain of title in the loan file, the subject property was purchased by the borrower on XX/XX/XXXX for $XXXX. The loan-to-value was based on the appraised value of $XXXX and loan amount of $XXXX; however, the loan file did not contain documentation supporting the improvements and the increase in value as required.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:48PM) Detail of Rehab Costs attached.

Response 1 (XX/XX/XXXX 9:45AM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709949

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283603

1 of 4

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

2

1

433283603

2 of 4

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

2

1

433283603

3 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Other

XXXX

The subject property's county was declared a disaster on XX/XX/XXXX due to severe winter storms. The property appraisal, dated XX/XX/XXXX, was completed prior to the disaster. A disaster inspection is required.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:22PM) CDAIR Attached

Response 1 (XX/XX/XXXX 4:47PM) Documentation received is sufficient. (Resolved)

2

1

2

1

433283603

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

2

1

432709951

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709951

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709951

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283604

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283604

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283604

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283605

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283605

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283605

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283607

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283607

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283607

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709952

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709952

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709952

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709953

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709953

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709953

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

432709954

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709954

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709954

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

432709955

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709955

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709955

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

432709956

1 of 4

XXXX

XX/XX/XXXX

Compliance

Compliance Finding - Other Documentation

XXXX

There were additional observations regarding the closing documentation. Business Purpose Affidavit does not reflect Notary stamp.

Resolved

Rebuttal 1 (XX/XX/XXXX 3:20PM) Business Purpose Affidavit Attached

Response 1 (XX/XX/XXXX 11:08AM) The documentation provided is sufficient to cure the finding. (Resolved)

2

1

3

1

432709956

2 of 4

XXXX

XX/XX/XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Missing Notary Signature

Resolved

Rebuttal 1 (XX/XX/XXXX 3:16PM) Mortgage Attached

Response 1 (XX/XX/XXXX 11:08AM) The documentation provided is sufficient to cure the finding. (Resolved)

3

1

3

1

432709956

3 of 4

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

3

1

432709956

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

432709958

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

432709958

2 of 3

XXXX

XX/XX/XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX 7:02PM) Flood Certificate Attached

Response 1 (XX/XX/XXXX 4:55PM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709958

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

3

1

433283610

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283610

2 of 3

XXXX

XX/XX/XXXX

Credit

Verification Documentation - VOE/Missing

XXXX

The subject loan was closed in the name of an LLC. The loan file does not contain documentation confirming the borrower had ownership interest in the LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:13PM) Incumbency Cert attached

Response 1 (XX/XX/XXXX 7:05AM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283610

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283611

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283611

2 of 3

XXXX

XX/XX/XXXX

Credit

Verification Documentation - VOE Self-Employed/Missing

XXXX

The loan file does not contain documentation confirming the borrower has ownership interest in XXXX LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX 10:19AM) Incumbency Cert attached

Response 1 (XX/XX/XXXX 8:21AM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283611

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

432709959

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

432709959

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

432709959

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283612

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283612

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283612

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283617

1 of 4

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283617

2 of 4

XXXX

XX/XX/XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The lender guidelines for a single family property under $XXXX is a minimum of 1.20 DSCR. The loan approval reflected a DSCR of 1.495. A review of the appraisal reflected a homeowner's associate fee of $XXXX per month which was not included in the qualifying DSCR. The actual DSCR is 1.098 which is below the minimum.

Resolved

Rebuttal 1 (XX/XX/XXXX 9:43AM) HOA Estoppel attached showing dues are quarterly

Response 1 (XX/XX/XXXX 4:04PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283617

3 of 4

XXXX

XX/XX/XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing as required by guides. The loan application is missing pages 3 and 4.

Resolved

Rebuttal 1 (XX/XX/XXXX 4:36PM) Initial app attached

Response 1 (XX/XX/XXXX 3:58PM) Documentation received is sufficient. (Resolved)

4

1

3

1

433283617

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283618

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283618

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283618

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283619

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283619

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283619

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283621

1 of 4

XXXX

XX/XX/XXXX

Compliance

HMDA - Government Monitoring

XXXX

The Government Monitoring Section on the application was not completed and acknowledged. Home Mortgage Disclosure Act (Regulation C)12 CFR 1003.4(b)Equal Credit Opportunity Act (Regulation B)12 CFR 1002.13

Resolved

Rebuttal 1 (XX/XX/XXXX 12:15PM) Initial application attached

Response 1 (XX/XX/XXXX 2:45PM) The documentation provided is sufficient to cure the finding. (Resolved)

2

1

3

1

433283621

2 of 4

XXXX

XX/XX/XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing as required by guides. The loan application is incomplete.

Resolved

Rebuttal 1 (XX/XX/XXXX 9:57AM) Initial app attached

Response 1 (XX/XX/XXXX 3:55PM) Documentation received is sufficient. (Resolved)

4

1

3

1

433283621

3 of 4

XXXX

XX/XX/XXXX

Credit

Verification Documentation - VOE Self-Employed/Missing

XXXX

The loan file does not contain documentation confirming the borrower owns XXXX LLC, the name which the loan was closed in.

Resolved

Rebuttal 1 (XX/XX/XXXX 12:21PM) Incumbency Cert attached

Response 1 (XX/XX/XXXX 3:55PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283621

4 of 4

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

432709961

1 of 6

XXXX

XX/XX/XXXX

Compliance

Compliance Finding - Other Documentation

XXXX

There were additional observations regarding the closing documentation. The Business Purpose Affidavit is illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX 11:17AM) Documentation Provided.

Response 1 (XX/XX/XXXX 11:17AM) The documentation provided is sufficient to cure the finding. (Resolved)

2

1

3

1

432709961

2 of 6

XXXX

XX/XX/XXXX

Compliance

HUD1 - Illegible

XXXX

The HUD-1 Settlement Statement provided in the loan file is illegible. As a result the following reviews could not be performed: TILA Accuracy, MDIA, Agency Points and Fees, QM Points and Fees, QM DTI Threshold, Federal Threshold, State Threshold, RESPA 2010 review, and final HUD-1 accuracy.

Resolved

Rebuttal 1 (XX/XX/XXXX 11:16AM) Documentation Provided.

Response 1 (XX/XX/XXXX 11:16AM) The documentation provided is sufficient to cure the finding. (Resolved)

3

1

3

1

432709961

3 of 6

XXXX

XX/XX/XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The note is Illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX 8:48AM) Note Attached

Response 1 (XX/XX/XXXX 12:06PM) The documentation provided is sufficient to cure the finding. (Resolved)

3

1

3

1

432709961

4 of 6

XXXX

XX/XX/XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The security Instrument and 1-4 Family Rider is illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX 8:50AM) Mortgage Attached

Response 1 (XX/XX/XXXX 12:06PM) The documentation provided is sufficient to cure the finding. (Resolved)

3

1

3

1

432709961

5 of 6

XXXX

XX/XX/XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract. There was only one page of an addendum to the contract available to be reviewed.

Resolved

Rebuttal 1 (XX/XX/XXXX 8:46AM) Purchase Contract Attached

Response 1 (XX/XX/XXXX 6:56PM) Documentation received is sufficient. (Resolved)

3

1

3

1

432709961

6 of 6

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

3

1

433283623

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283623

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283623

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283624

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283624

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283624

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283626

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283626

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283626

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan included an initial CDA dated XX/XX/XXXX with a value of $XXXX and variance exceeding 10%/High Risk. XXX completed a CDA Reconciliation and found an additional comparable which sold for $XXXX. The XXXX Recon dated XX/XX/XXXX supported the original appraised value of $XXXX.

1

1

1

1

433283627

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

4

1

433283627

2 of 3

XXXX

XX/XX/XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing as required by guides. The loan application is illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX 8:19AM) Initial app attached Rebuttal 2 (XX/XX/XXXX 4:22PM) XXXXs application provided

Response 1 (XX/XX/XXXX 2:31PM) XXXX's application is required. (Upheld) Response 2 (XX/XX/XXXX 2:56PM) Documentation received is sufficient. (Resolved)

4

1

4

1

433283627

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

4

1

433283628

1 of 3

XXXX

XX/XX/XXXX

Compliance

Note - Missing

XXXX

The Note is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX 5:52PM) Note Attached

Response 1 (XX/XX/XXXX 3:05PM) The documentation provided is sufficient to cure the finding. (Resolved)

4

1

4

1

433283628

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

4

1

433283628

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

4

1

433283629

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283629

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283629

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

1

1

1

1

433283630

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283630

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283630

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283631

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283631

2 of 3

XXXX

XX/XX/XXXX

Credit

Verification Documentation - VOE/Missing

XXXX

The subject loan closed in the name of an LLC. The loan file did not contain documentation that the borrower had any ownership interest in the LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX 4:40PM) Incumbency cert attached

Response 1 (XX/XX/XXXX 6:18PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283631

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283632

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283632

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283632

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283633

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283633

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283633

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283634

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283634

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283634

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283635

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

1

1

433283635

2 of 3

XXXX

XX/XX/XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

1

1

1

1

433283635

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

1

1

433283637

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283637

2 of 3

XXXX

XX/XX/XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The hazard insurance policy does not include loss rent coverage.

Resolved

Rebuttal 1 (XX/XX/XXXX 6:22PM) Hazard policy attached. Per guidelines, XXX rent loss requires policy must show DP3 and "Policy includes Home Protector Coverage (25%)". Both requirements are met.

Response 1 (XX/XX/XXXX 2:10PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283637

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1

433283638

1 of 3

XXXX

XX/XX/XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

1

1

3

1

433283638

2 of 3

XXXX

XX/XX/XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing for the following properties: XXXX, XXXX, XXXX and XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX 4:59PM) Flood Certificates Uploaded

Response 1 (XX/XX/XXXX 4:35PM) Documentation received is sufficient. (Resolved)

3

1

3

1

433283638

3 of 3

XXXX

XX/XX/XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.

1

1

3

1