EX-99.27 28 ex99-27.htm CONSOLIDATED LOAN LEVEL EXCEPTIONS

Exhibit 99.27

Seller Loan ID

Client Loan Number

Borrower Last Name

Loan Amount

State

Note Date

Occupancy

Loan Purpose

ATR/QM Status

Overall Grade

Credit Grade

Compliance Grade

Property Grade

Credit Exception

Credit Rebuttal

Compliance Exception

Compliance Rebuttal

Property Exception

Property Rebuttal

Covered High Cost Loan

Compensating Factors

0020-477422

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/05/2021 - The loan meets all applicable credit guidelines.; [1] Transmittal Summary is Missing - 07/12/2021 - The transmittal summary is Missing; 07/12/2021 - The transmittal summary is Not Applicable;

08/13/2021 - Lender provided Transmittal Summary.; 08/13/2021 - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.

[1] Affiliated Business Disclosure is Missing - 08/04/2021 - The affiliate business disclosure is Not Applicable; 07/12/2021 - The affiliate business disclosure is Missing;

08/25/2021 - Condition resolved; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Attestation provided; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 80.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 80.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 5.25 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 5.25 years at job.

0020-483121

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Hazard Insurance Effective Date is after the Note Date - 07/30/2021 - The hazard insurance effective date of 10/5/2020 is after the note date and disbursement date of 10/1/2020.; [1] Fraud Report Missing - 07/30/2021 - Fraud report Missing.; [1] No Credit Findings - 08/02/2021 - The loan meets all applicable credit guidelines.;

08/11/2021 - Change status of 'Fraud Report Missing' from Active to Open Rebuttal.; 08/11/2021 - Lender provided Fraud Report.; 08/11/2021 - Lender provided updated disburement date.; 08/11/2021 - Change status of 'Hazard Insurance Effective Date is after the Note Date' from Active to Open Rebuttal.

[1] Affiliated Business Disclosure is Missing - 07/30/2021 - The affiliate business disclosure is Not Applicable; 07/13/2021 - The affiliate business disclosure is Missing;

08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/11/2021 - Condition resolved; 08/11/2021 - Exception Remains: Lender provided an Underwriter Certificate stating the lender had no affiliates in this transaction. The Underwriter Certificate is not acceptable to resolve this exception.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

0020-485496

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/06/2021 - The loan meets all applicable credit guidelines.; [1] Fraud Report Missing - 07/13/2021 - Fraud report Missing.;

08/13/2021 - Lender provided Fraud Report.; 08/13/2021 - Change status of 'Fraud Report Missing' from Active to Open Rebuttal.

[1] Affiliated Business Disclosure is Missing - 08/06/2021 - The affiliate business disclosure is Missing;

08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Attestation provided; 08/25/2021 - Condition resolved; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 49.99. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 70.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 70.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 640. ; Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 3.25 years at job.

0020-491956

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/28/2021 - The loan meets all applicable credit guidelines.;

[1] Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test - 07/28/2021 - No waiting period for the increase in interest rate from XXX% to XXX%. CD in file with updated loan terms was issued XX/XX/XXXX and loan closed XX/XX/XXXX.; [1] Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure - 07/27/2021 - Original PI Payment on Note matches Final CD; 07/27/2021 - Original PI Payment on Note matches Final CD
From Hard Coded form in template:
'Closing Disclosure' at XX/XX/XXXX; [1] Affiliated Business Disclosure is Missing - 07/27/2021 - The affiliate business disclosure is Not Applicable; 07/16/2021 - The affiliate business disclosure is Missing;

08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/11/2021 - Condition resolved; 08/11/2021 - Exception Remains: Lender provided an Underwriter Certificate stating the lender had no affiliates in this transaction. The Underwriter Certificate is not acceptable to resolve this exception.; 08/11/2021 - Change status of 'Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test' from Active to Open Rebuttal.; 08/11/2021 - Exception Remains: Lender provided CD's dated XX/XX/XXXX and XX/XX/XXXX and a Change of Circumstance dated XX/XX/XXXX. The Initial CD dated XX/XX/XXX discloses APR of XXX%, the Final CD dated XX/XX/XXXX discloses APR of XXX%. The COC dated XX/XX/XXXX discloses the change of Rate and APR, but since the APR increased by more than 0.125% an additional 3 day waiting period was to start from when borrower received the increased APR indicating earliest closing date of XX/XX/XXXX.

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 49.99. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 22.00 years ; Borrower has stable job time - Borrower has 3.67 years at job.

0021-586057

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Hazard Insurance Effective Date is after the Note Date - 07/22/2021 - The hazard insurance effective date of 5/13/2021 is after the note and loan disbursement date of 5/11/2021.; [1] No Credit Findings - 08/03/2021 - The loan meets all applicable credit guidelines.; [1] Condo Approval Missing - 07/22/2021 - Condo approval indicator is Missing. Missing verification of condo project approval. ;

08/11/2021 - Lender provided Condo Approval.; 08/11/2021 - Change status of 'Condo Approval Missing' from Active to Open Rebuttal.; 08/11/2021 - Lender provided updated/corrected disbursement date.; 08/11/2021 - Change status of 'Hazard Insurance Effective Date is after the Note Date' from Active to Open Rebuttal.

[1] Affiliated Business Disclosure is Missing - 08/03/2021 - The affiliate business disclosure is Missing;

08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/11/2021 - Condition resolved; 08/11/2021 - Exception Remains: Lender provided an Underwriter Certificate stating the lender had no affiliates in this transaction. The UW Certificate is not acceptable to resolve this exception.

0220-482484

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] HAZARD INSURANCE CERTIFICATE MISSING - 08/05/2021 - Received copy of hazard insurance certificate; 07/08/2021 - Missing copy of hazard insurance certificate;

08/13/2021 - Change status of 'HAZARD INSURANCE CERTIFICATE MISSING' from Active to Open Rebuttal.; 08/13/2021 - Lender provided Hazard Insurance Certificate.

[1] Affiliated Business Disclosure is Missing - 08/06/2021 - The affiliate business disclosure is Missing;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 5.08 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 2.42 years ; Borrower has stable job time - Borrower has 5.08 years at job.

0320-474491

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Property is located in a FEMA disaster area - 08/04/2021 - Property is located in a FEMA disaster area with no post disaster inpection; [1] Hazard Insurance Effective Date is after the Note Date - 08/03/2021 - The hazard insurance effective date of XX/XX/XXXX is after the note date of XX/XX/XXXX; [1] Insufficient cash to close. - 08/04/2021 - Cash to close in the amount of XXX is greater than the available asset amount of XXX.; 08/04/2021 - Final CD reflects funds to close of $XXX. Gift funds provided for $XXX. Provide sufficient assets for funds to close. Short -$XXX.; [1] Liquid Reserves are less than Guidelines Required - 08/04/2021 - Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; 08/04/2021 - No reserves required.; 08/04/2021 - The liquid reserves of XX.XX months or $XXX, are less than the Guidelines minimum required of 0.00 or $0.00.;

08/13/2021 - Change status of 'Hazard Insurance Effective Date is after the Note Date' from Active to Open Rebuttal.; 08/13/2021 - Lender provided updated disbursement date.; 08/16/2021 - Lender provided updated cash to close increasing reserves available.; 08/16/2021 - Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Open Rebuttal.; 08/16/2021 - Lender provided updated cash to close per PCCD.; 08/16/2021 - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal.

[1] TRID Initial Closing Disclosure Date and Funding Date Validation Test - 08/04/2021 - Disbursement date is 09/09/2020. Borrower signed final CD 09/14/2020.; [1] Written List of Service Providers Disclosure Date Test - 08/04/2021 - Disclosure is dated 08/18/2020. Missing disclosure dated within 3 days of the initial application date of 08/08/2020.;

Borrower has stable job time - Borrower has 3.00 years at job.

0320-477805

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/05/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 08/05/2021 - The affiliate business disclosure is Not Applicable; 07/13/2021 - The affiliate business disclosure is Missing; [1] No Compliance Findings - 08/05/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 680. ; Borrower has more than 2 years at current residence - Borrower at current residence 11.00 years ; Borrower has stable job time - Borrower has 3.67 years at job.

0320-480408

XXXXX

$XXXXXX

XX/XX/XXXX

Second Home

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/26/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/26/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Third Party Valuation Product not Provided - 07/13/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.; [1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/13/2021 - Third Party Valuation Product Not Provided and CU Score is 3.00.;

08/17/2021 - CCA Provided.; 08/17/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.

0320-480600

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/26/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/26/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has stable job time - Borrower has 3.00 years at job.

0320-481750

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/26/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 07/13/2021 - The affiliate business disclosure is Missing;

08/11/2021 - EXCEPTION NOT RESOLVED: Lende provided Underwriter Certificate stating lender had no affiliates in transaction. The certificate is not acceptable to resolve this exception.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/11/2021 - Condition resolved

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 49.99.

0320-482956

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/06/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 07/13/2021 - The affiliate business disclosure is Missing;

08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/25/2021 - Condition resolved; 08/25/2021 - Attestation provided

[1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/13/2021 - Third Party Valuation Product Not Provided and CU Score is 4.70.; [1] Third Party Valuation Product not Provided - 07/13/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

09/08/2021 - CCA Provided.; 09/08/2021 - Change status of 'Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5' from Active to Open Rebuttal.; 09/08/2021 - CCA Provided.; 09/08/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.

Borrower has stable job time - Borrower has 3.00 years at job.

0320-484125

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/26/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 07/23/2021 - The affiliate business disclosure is Not Applicable; 07/14/2021 - The affiliate business disclosure is Missing;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 49.99. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 2.80 years ; Borrower has stable job time - Borrower has 2.66 years at job.

0320-486279

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/05/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/03/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/14/2021 - Third Party Valuation Product Not Provided and CU Score is 2.70.; [1] Third Party Valuation Product not Provided - 07/14/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

09/08/2021 - CCA Provided.; 09/08/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 09/08/2021 - Change status of 'Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5' from Active to Open Rebuttal.; 09/08/2021 - CCA Provided.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 36.19 months or $XXX, are greater than the Guideline Minimum of 0.00 or $0.00. ; Borrower has stable job time - Borrower has 3.33 years at job.

0320-490698

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Borrower Employment Verification does not meet guidelines - 07/25/2021 - The file is missing a gift letter from an eligible donor in the amount of $XXX as required per guides. ; [1] Borrower Liabilities Verification Indicator is Partial - 07/25/2021 - Borrower liabilities verified indicator is Partial. The loan amount of $XXXXXX is higher than the maximum loan amount per program guides. ;

08/13/2021 - Lender provided Gift Letter.; 08/13/2021 - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.

[1] No Compliance Findings - 08/02/2021 - The loan is in compliance with all applicable laws and regulations.
; [1] Higher-Priced Mortgage Loan Escrow Alert (12 CFR 1026.35(b)). - 07/30/2021 - Loan is a Higher-Priced Mortgage Loan and Escrow Indicator is No Escrows.; 07/30/2021 - .;

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 37.86 months or $XXX, are greater than the Guideline Minimum of 0.00 or $0.00.

0320-491541

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Loan amount is greater than the maximum loan amount allowed per guidelines - 07/16/2021 - Loan amount of $XXXXXX is greater than the maximum loan amount allowed per guidelines of $510,400.00.; [1] Borrower Employment Verification does not meet guidelines - 07/23/2021 - The file is missing a verbal verification of employment dated within 10 days of the note date for the borrower XXXXX as required per guides.;

08/11/2021 - Lender provided VVOE.; 08/11/2021 - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 14.15 months or $XXX, are greater than the Guideline Minimum of 0.00 or $0.00. ; Borrower has more than 2 years at current residence - Borrower at current residence 5.00 years

0320-494400

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/02/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 07/31/2021 - The affiliate business disclosure is Not Applicable; 07/21/2021 - The affiliate business disclosure is Missing; [1] Initial Closing Disclosure Delivery Date Test - 08/02/2021 - Missing verification that the borrower recieved the Closing Disclosure 3 days prior to the closing date 10/6/2020.; [1] TRID Initial Closing Disclosure Date and Funding Date Validation Test - 08/02/2021 - Missing verification that the borrower recieved the Closing Disclosure 3 days prior to the closing date 10/6/2020.;

08/11/2021 - EXCEPTION REMAINS: Lender provided initial CD. This exception is due to the consummation date of XX/XX/XXXX taking place after the loan was disbursed on XX/XX/XXXX. Please provide updated/corrected disbursement date to resolve exception.; 08/11/2021 - Lender provided Initial CD.; 08/11/2021 - Change status of 'TRID Initial Closing Disclosure Date and Funding Date Validation Test' from Active to Open Rebuttal.; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Exception Remains: Lender provided Underwriter certification stating no Affiliates. The Underwriter Certification is not acceptable to satisfy this exception.; 08/25/2021 - Attestation provided; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/25/2021 - Condition resolved

[1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/21/2021 - Third Party Valuation Product Not Provided and CU Score is 2.60.; [1] Third Party Valuation Product not Provided - 07/21/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

08/17/2021 - CCA Provided.; 08/17/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.

0320-495801

XXXXX

$XXXXXX

XX/XX/XXXX

Second Home

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/29/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/29/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 70.26 months or $XXX, are greater than the Guideline Minimum of 4.00 or $XXX. ; Borrower has stable job time - Borrower has 4.00 years at job.

0320-497195

XXXXX

$XXXXXX

XX/XX/XXXX

Second Home

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/05/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 08/04/2021 - The affiliate business disclosure is Not Applicable; 07/21/2021 - The affiliate business disclosure is Missing; [1] No Compliance Findings - 08/04/2021 - The loan is in compliance with all applicable laws and regulations.
;

08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Condition resolved; 08/25/2021 - Attestation provided; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.

[1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/21/2021 - Third Party Valuation Product Not Provided and CU Score is 2.90.; [1] Third Party Valuation Product not Provided - 07/21/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

09/08/2021 - CCA provided.; 09/08/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 09/08/2021 - Change status of 'Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5' from Active to Open Rebuttal.; 09/08/2021 - CCA provided.

Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

0320-499037

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/28/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/28/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 9.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

0320-505107

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/22/2021 - The loan meets all applicable credit guidelines.;

[1] Affiliated Business Disclosure is Missing - 08/09/2021 - The affiliate business disclosure is Missing;

Borrower has stable job time - Borrower has 3.00 years at job.

0320-505676

XXXXX

$XXXXXX

XX/XX/XXXX

Second Home

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Liquid Reserves are less than Guidelines Required - 08/06/2021 - The liquid reserves of XX.XX months or $XXX, are less than the Guidelines minimum required of XX.XX or $XXX.; 08/06/2021 - Loan approval reflects 4 months reserves are required. Provide 2 months most recent bank statements to verify sufficient funds for reserves.;

08/16/2021 - Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Open Rebuttal.; 08/16/2021 - Lender provided reserves.

[1] TRID Initial Closing Disclosure Date and Funding Date Validation Test - 08/06/2021 - Borrower signed final CD XX/XX/XXXX. Disbursement date XX/XX/XXXX.; [1] Affiliated Business Disclosure is Missing - 08/06/2021 - The affiliate business disclosure is Missing;

08/25/2021 - Attestation provided; 08/25/2021 - Condition resolved; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/27/2021 - Change status of 'TRID Initial Closing Disclosure Date and Funding Date Validation Test' from Active to Open Rebuttal.; 08/27/2021 - Lender provided Post Close CD.

[1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/24/2021 - Third Party Valuation Product Not Provided and CU Score is 2.70.; [1] Third Party Valuation Product not Provided - 07/24/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

09/08/2021 - Change status of 'Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5' from Active to Open Rebuttal.; 09/08/2021 - CCA provided.; 09/08/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 09/08/2021 - CCA provided.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has stable job time - Borrower has 2.07 years at job.

0320-506423

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Liquid Reserves are less than Guidelines Required - 08/06/2021 - The liquid reserves of XX.XX months or $XXX, are less than the Guidelines minimum required of XX.XX or $XXX.; 08/06/2021 - The loan approval required XX months reserves. Provide most recent 2 months bank statement to cover sufficient reserves.;

08/27/2021 - Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Open Rebuttal.; 08/27/2021 - Lender provided Assets.

[1] Affiliated Business Disclosure is Missing - 08/06/2021 - The affiliate business disclosure is Missing; [1] No Compliance Findings - 07/24/2021 - The loan is in compliance with all applicable laws and regulations.
;

08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.; 08/25/2021 - Attestation provided; 08/25/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/25/2021 - Condition resolved

[1] Third Party Valuation Product not Provided - 08/06/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

09/08/2021 - CCA provided.; 09/08/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 76.22 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has stable job time - Borrower has 2.08 years at job.

0320-508581

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/29/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/20/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 680. ; Borrower has stable job time - Borrower has 2.50 years at job.

0320-510136

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Liquid Reserves are less than Guidelines Required - 07/19/2021 - The liquid reserves of XX.XX months or $-XXX, are less than the Guidelines minimum required of XX.XX or $XXX.; [1] Final Loan Application is Missing - 07/19/2021 - Final loan application is Missing; [1] Insufficient cash to close. - 07/19/2021 - Cash to close in the amount of XXX is greater than the available asset amount of XXX.; [1] Borrower Asset Verification is Missing - 07/19/2021 - The borrower asset verification is Missing. Missing Evidence of Gift Funds from Wife in amount of $XXX, and Gift Funds of $XXX from XXXX were sent and received per guidelines.;

08/11/2021 - Change status of 'Final Loan Application is Missing' from Active to Open Rebuttal.; 08/11/2021 - Lender provided Final Loan Application.; 08/11/2021 - Lender provided asset verification.; 08/11/2021 - Change status of 'Borrower Asset Verification is Missing' from Active to Open Rebuttal.; 08/11/2021 - Lender provided asset verification.; 08/11/2021 - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal.; 08/11/2021 - Lender provided Reserves.; 08/11/2021 - Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Open Rebuttal.

[1] No Compliance Findings - 07/29/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Third Party Valuation Product not Provided - 07/19/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.; [1] Third Party Valuation Product Not Provided and CU Score is Greater Than 2.5 - 07/19/2021 - Third Party Valuation Product Not Provided and CU Score is 2.90.;

08/17/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 08/17/2021 - CCA Provided.

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 80.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has stable job time - Borrower has 4.00 years at job.

0320-511341

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/02/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/02/2021 - The loan is in compliance with all applicable laws and regulations.
;

Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 2.25 years at job.

0320-512015

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/16/2021 - The loan meets all applicable credit guidelines.; 07/16/2021 - The exception 'No Credit Findings' is cleared.;

[1] Affiliated Business Disclosure is Missing - 07/29/2021 - The affiliate business disclosure is Missing;

08/11/2021 - Lender provided an Underwriter Certification stating the lender does not have any affiliates. The Underwriter certification is not acceptable to satisfy this exception.; 08/11/2021 - Condition resolved; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Open Rebuttal to Acknowledged by Client.; 08/11/2021 - Change status of 'Affiliated Business Disclosure is Missing' from Active to Open Rebuttal.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 4.00 years ; Borrower has stable job time - Borrower has 2.10 years at job.

0321-580191

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/04/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/04/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Borrower has stable job time - Borrower has 3.25 years at job.

W2021060192

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

QM/ATR - Exempt

[1] Hazard Insurance Effective Date is after the Note Date - 08/26/2021 - This is confirmed: Note date is XX/XX/XXXX, page 233 and effective date of Haz insurance is XX/XX/XXXX, page 331.; 08/26/2021 - The hazard insurance effective date of XX/XX/XXXX is after the note date of XX/XX/XXXX;

09/05/2021 - Change status of 'Hazard Insurance Effective Date is after the Note Date' from Active to Open Rebuttal.; 09/05/2021 - Settlement statement in file disbursed XX/XX/XXXX. Exception Resolved.

[1] No Compliance Findings - 08/26/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 600. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 773.53 months or $XXX, are greater than the Guideline Minimum of 2.00 or $XX. ; Borrower 1 has significant job time - Borrower has 19.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 13.00 years ; Borrower has stable job time - Borrower has 19.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021060313

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[1] Flood Insurance Policy is Partial - 08/27/2021 - The flood insurance policy is Partial. Payment confirmation page only. Missing flood declarations page.;

09/13/2021 - Lender provided Flood Policy.; 09/13/2021 - Change status of 'Flood Insurance Policy is Partial' from Active to Open Rebuttal.

[1] Qualified Mortgage Interest Only Loan - 09/08/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/08/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/08/2021 - Exception NA, Non QM; [1] Qualified Mortgage Loan Term - 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/08/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; [1] Per Diem Interest Amount Test - 09/08/2021 - Incorrect per diem interest per the PCCD dated 8/4/2021 and final settlement statement in the loan file. Please provide an updated CD and settlement statement with corrected per diem. ;

PCCD provided.

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 90.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 90.00. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 68.04 months or $XXX, are greater than the Guideline Minimum of 30.00 or $XXX.

W2021060402

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] HAZARD INSURANCE CERTIFICATE MISSING - 08/27/2021 - Missing copy of hazard insurance certificate; [3] Initial Loan Application is Missing - 08/27/2021 - Missing Copy of Initial Loan Application; [3] Borrower Employment Verification does not meet guidelines - 09/09/2021 - The exception 'Borrower Employment Verification does not meet guidelines' is cleared.; 08/27/2021 - Missing VOE, Paystubs through June XXXX, and W-2's for XXXX.; [3] Borrower Income Verification does not match Approval - 09/09/2021 - The borrower income verification does match approval; 08/27/2021 - Missing Paystubs through June 2021 and W-2's for 2019+2020.; [3] CoBorrower Income Verification does not match Approval - 09/09/2021 - The coborrower income verification does match approval; 08/27/2021 - Missing Tax Returns for XXXX.; [1] Liquid Reserves are less than Guidelines Required - 09/09/2021 - The liquid reserves of 26.27 months or $XXX, is greater than or equal to the Guidelines minimum required of XX.XX or $XXX.; 08/27/2021 - The liquid reserves of XX.XX months or $-XXX, are less than the Guidelines minimum required of XX.XX or $XXX.; [1] Title Policy is Missing - 08/27/2021 - Title policy is Missing; [1] Transmittal Summary is Missing - 08/27/2021 - The transmittal summary is Missing; [1] Insufficient cash to close. - 09/09/2021 - Sufficient cash to close is documented.; 08/27/2021 - Cash to close in the amount of XXX is greater than the available asset amount of XXX. Missing Retirement Account Statement identified on Final 1003 for account ending in XXXX with XXX with a total allowable value identified as $XXX.; [1] Fully Executed Purchase Contract is Missing - 09/09/2021 - The fully executed purchase contract is recieved; 08/27/2021 - The fully executed purchase contract is Missing; [1] File is only Partially Available - 08/27/2021 - File is only partially available. Missing Income Documentation, VOE, initial disclosures, LE's, 1st CD, s/p ins and tax info, purchase contract, rate lock confirmation, Retirement asset statement XXXX.;

[1] Homeownership Counseling Disclosure is Missing - 08/27/2021 - The homeownership disclosure is Missing; [1] Initial Closing Disclosure Delivery Date Test - 09/10/2021 - File is missing Initial Closing Disclosure.; [1] Affiliated Business Disclosure is Missing - 09/10/2021 - The affiliate business disclosure is Present; 08/27/2021 - The affiliate business disclosure is Missing; [1] Evidence of Rate Lock Not Provided - 09/10/2021 - Evidence of Rate Lock Provided; 08/27/2021 - Evidence of Rate Lock Not Provided; [1] Intent to Proceed is Missing - 08/27/2021 - The intent to proceed is Missing; [1] Home loan Toolkit is Missing - 08/27/2021 - The home loan toolket is Missing; [1] The file does not contain any copies of the Loan Estimate(s). Unable to test for TRID tolerance. - 08/27/2021 - The file does not contain any copies of the Loan Estimate(s). Unable to test for TRID tolerance.; [1] Mortgage not recorded - 08/27/2021 - No evidence Mortgage is recorded or sent for recording.;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 55.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 90.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 90.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 26.27 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 6.83 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 4.25 years ; Borrower has stable job time - Borrower has 6.83 years at job.

W2021060581

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

CashOut Refinance

QM/ATR - Exempt

[2] Borrower Liabilities Verification Indicator is Partial - 09/02/2021 - Loan exception granted for recent cash out within the last 6 months and cash out first time investor . ;

09/09/2021- Lender exception provided, Condition Acknowledged

[1] No Compliance Findings - 09/02/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 75.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 75.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 91.80 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX.

W2021060590

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/07/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/07/2021 - The loan is in compliance with all applicable laws and regulations.
; [1] Qualified Mortgage Interest Only Loan - 09/07/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/07/2021 - Exception NA; 09/07/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; [1] Qualified Mortgage Loan Term - 09/07/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/07/2021 - Exception NA; 09/07/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 60.09 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has stable job time - Borrower has 5.00 years at job.

W2021060724

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/02/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/02/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 85.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 85.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Borrower 1 has significant job time - Borrower has 8.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 5.00 years ; Borrower has stable job time - Borrower has 8.00 years at job.

W2021070125

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[2] Overdraft/NSF Count Exceeds Tolerance - 09/05/2021 - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Material to Non-Material.; 09/05/2021 - Lender granted Exception for XX NSF occurrences in XX month period, max per guidelines is XX NSF occurrences.; 09/05/2021 - Overdraft/NSF count exceeds tolerance. XX NSF's in XX months, max per guidelines is XX. Lender granted Exception with borrower provided Letter of Explanation.;

[1] Qualified Mortgage APR Threshold Finding - 09/05/2021 - Acknowledged.; 09/05/2021 - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.; 09/05/2021 - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; [1] No Compliance Findings - 09/07/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 90.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 90.00. ; Borrower 1 has significant job time - Borrower has 11.50 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 4.00 years ; Borrower has stable job time - Borrower has 11.50 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021070189

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[2] Qualifying DTI exceeds Guideline Maximum Allowable - 09/07/2021 - Change severity of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Material to Non-Material.; 09/07/2021 - Qualifying DTI of XXX exceeds guideline maximum of XXX.; 09/07/2021 - Lender exception in file for DTI &gt; GL max XXX%.;

[1] Qualified Mortgage Loan Term - 09/07/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/07/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/07/2021 - Acknowledged; [1] Qualified Mortgage Interest Only Loan - 09/07/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/07/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/07/2021 - Acknowledged; [1] No Compliance Findings - 09/07/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 75.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 75.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 325.99 months or $XXX, are greater than the Guideline Minimum of 9.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 2.50 years

W2021070352

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[2] Underwriting CLTV exceeds Guideline Maximum Allowable - 09/07/2021 - Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; 08/24/2021 - Underwriting CLTV of XXX is greater than the maximum allowable guideline CLTV of XXX. Lender approved exception in file.; [2] Unresolved derogatory credit - 09/07/2021 - Change severity of 'Unresolved derogatory credit' from Material to Non-Material.; 08/25/2021 - Borrower has unresolved derogatory credit. lender obtained exception not to pay this charge off at clsoing; see exception pg 839; [2] Underwriting LTV exceeds Guideline Maximum Allowable - 09/07/2021 - Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; 08/25/2021 - Underwriting LTV of XXX is greater than the maximum allowable guideline LTV of XXX based on a loan amount of XXXXXX and value used for LTV of XXXXXX. Lender approved exception in file.;

[1] No Compliance Findings - 09/07/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 116.72 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 11.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 20.00 years ; Borrower has stable job time - Borrower has 11.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021040459

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[2] Qualifying DTI exceeds Guideline Maximum Allowable - 09/08/2021 - Approved lender exception in file granting DTI &gt;XXX%.; 09/08/2021 - Change severity of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Material to Non-Material.; 08/22/2021 - Documentation provided to support Qualifying DTI below ___.; 08/22/2021 - Qualifying DTI of XXX exceeds guideline maximum of XXX.; 08/21/2021 - Qualifying DTI of XXX exceeds guideline maximum of XXX.;

[1] Qualified Mortgage Interest Only Loan - 09/08/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; [1] Qualified Mortgage Loan Term - 09/08/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; [1] No Compliance Findings - 08/21/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 75.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 75.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 254.54 months or $XXX, are greater than the Guideline Minimum of 0.00 or $0.00.

W2021060409

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/08/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/08/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 680. ; Borrower 1 has significant job time - Borrower has 6.50 years on job ; Borrower has stable job time - Borrower has 6.50 years at job.

W2021060421

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/01/2021 - The exception 'No Credit Findings' is cleared.; 09/01/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/01/2021 - The loan is in compliance with all applicable laws and regulations.
; [1] Qualified Mortgage Loan Term - 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Material to Non-Material.; 09/08/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; [1] Qualified Mortgage Interest Only Loan - 09/08/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 36.26 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has stable job time - Borrower has 4.00 years at job.

W2021060455

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/08/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage Loan Term - 09/08/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/08/2021 - Exception NA, Non QM; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Material to Non-Material.; [1] Qualified Mortgage Interest Only Loan - 09/08/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/08/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/08/2021 - Exception NA, Non QM; [1] No Compliance Findings - 08/24/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 80.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 80.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 740. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 64.25 months or $XXX, are greater than the Guideline Minimum of 18.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 5.50 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 5.25 years ; Borrower has stable job time - Borrower has 5.50 years at job.

W2021060572

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/09/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage Interest Only Loan - 09/09/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/09/2021 - Exception NA, NQM; 09/09/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; [1] No Compliance Findings - 09/09/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 26.99 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 36.50 years on job ; Borrower has stable job time - Borrower has 36.50 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021060699

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[2] Minimum Trade Line Requirement Not Met - 09/08/2021 - Borrower(s) have not met the minimum tradeline requirement per lender guidelines. Borrowers Chapter X BK was discharged X/XXXX. Lender GL's require 3 years seasoning on all major credit events. Lender exception in loan file waiving seasoning requirement.; 09/08/2021 - Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.;

[1] No Compliance Findings - 09/08/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 75.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 75.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 620. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 26.11 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 9.58 years on job ; Borrower has stable job time - Borrower has 9.58 years at job.

W2021070020

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/08/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/26/2021 - The exception 'No Compliance Findings' is cleared.; 08/26/2021 - The loan is in compliance with all applicable laws and regulations.
; [1] Qualified Mortgage APR Threshold Finding - 09/09/2021 - Exception is NA, NQM; 09/09/2021 - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; 09/09/2021 - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.;

[1] Are all required Addendum and Exhibits included is No - 08/26/2021 - Required appraisal addendum and exhibits is No. Missing Collateral Desktop Analysis paid for on Final CD.;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 50.20 months or $XXX, are greater than the Guideline Minimum of 18.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 4.83 years at job.

W2021070291

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

QM/ATR - Exempt

[1] No Credit Findings - 09/08/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/27/2021 - The loan is in compliance with all applicable laws and regulations.
; [1] Qualified Mortgage Interest Only Loan - 09/08/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/08/2021 - Exception is NA, Non QM; 09/08/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; [1] Qualified Mortgage Loan Term - 09/08/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Material to Non-Material.; 09/08/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/08/2021 - Exception is NA, Non QM;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 5.16 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 2.17 years ; Borrower has stable job time - Borrower has 5.16 years at job.

D2021060742

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/15/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 45.00. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 135.29 months or $XXX, are greater than the Guideline Minimum of 18.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 39.58 years on job ; Borrower has stable job time - Borrower has 39.58 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021050778

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/16/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 46.07 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 4.00 years

W2021060377

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/16/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 45.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 56.83 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 9.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 11.00 years ; Borrower has stable job time - Borrower has 9.00 years at job.

W2021060379

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/20/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage APR Threshold Finding - 09/20/2021 - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; 09/20/2021 - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.; 09/20/2021 - Exception NA; [1] No Compliance Findings - 09/20/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 680. ; Borrower 1 has significant job time - Borrower has 7.17 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 4.00 years ; Borrower has stable job time - Borrower has 7.17 years at job.

W2021060558

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

ATR Risk: Non-QM Lender did not document all ATR UW factors

[1] Executed HELOC closure letter not provided. - 09/15/2021  - Missing executed documentation HELOC is closed to future draws; 09/15/2021  - Authorization to close XXX HELOC is in file (page 436); however, the document does not include the account number.; [1] Final Loan Application is Partial - 09/20/2021  - Lender to provide additional mortgage as indicated in the 1003 declarations.; 09/15/2021  - Declaration D1 on initial and final 1003s indicates the borrower has or will be applying for a mortgage loan on another property on or before closing the subject transaction that in not disclosed on the loan application.  Lender's Approval Certificate lists condition #93 which requests letter of explanation.  No LOE in file to explain declaration.; 09/15/2021  - Final Loan Application is Partial; [1] Housing history does not meet guidelines - 09/14/2021  - Housing history does not meet guidelines.  Provide verification of the payment history for the following mortgages:  Private 1st listed on final CD for refinance of XXX (page 1159).  Provide all documentation required for verification of mortgage for privately held mortgages.

XXX statement (page 265) for loan #XXXXX with opening balance of $XXX is lien against XXX per HOI dec page (page 1000).  LOE from borrower (page 458) states there is no mortgage against property, and there is a revolving line of credit for the business, XXX.  Provide additional documentation to verify borrower on loan and 12-month payment history as lien against XXX property.  Property is not listed on DRIVE report.  Property Profile report (page 1196) reflects commercial loan recorded XX/XX/XXXX in amount of $XXX.  Provide documentation to verify XXX loan statement (page 265) is for loan opened XX/XX/XXXX for $XXX.

Provide evidence that XXX held free &amp; clear as noted on final 1003 (page 418).  HOI declarations page lists mortgagee as XXX &amp; Reporting loan #XXXXX.  DRIVE report (page 294) indicates loan amount of $XXX opened XX/XX/XXXX.  There is no mortgage loan listed on credit report in amount of $XXX.  If there is a mortgage liened against property currently, also provide 12 month mortgage history.  ; [1] Borrower Employment Verification does not meet guidelines - 09/20/2021  - Lender to provide documentation business was active within 10 days of closing. Missing from file; 09/15/2021  - XXX guidelines dated 05/19/2021 (page 34) require the following for 12 month bank statement loan using business accounts:
• Verify within 10 days of the note that the business is active and operating with either:
o Evidence of current work, may use invoices and/or signed contracts OR
o Evidence of business receipts OR
o Business website demonstrating activity supporting current business operations.
No documentation in file to meet this requirement.; [2] Overdraft/NSF Count Exceeds Tolerance - 09/20/2021  - Change severity of 'Overdraft/NSF Count Exceeds Tolerance' from Material to Non-Material.; 09/15/2021  - Overdraft/NSF count exceeds tolerance.  ; 09/15/2021  - There were 8 NSFs total in 12 monthly business bank statements which exceeds amount allowed by guidelines.  LOE from XXX (page 460) advises there have been no instances of non-sufficient funds.  Credit exception (pg 1284) was approved by Lender noting 7 total NSFs.  ;

09/23/2021 - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.; 09/23/2021 - Lender provided documentation.; 09/23/2021 - Change status of 'Executed HELOC closure letter not provided.' from Active to Open Rebuttal.; 09/23/2021 - Lender provided HELOC closure lettter.

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Title Issues Present - 09/20/2021 - Subject property vested in XXX; recent litigation dismissed pg 466. Per CA SOS XXX is managing Member. Need proof of LLC and that borrower, managing member has authority. ; 09/15/2021 - The following issues were noted: Current title vesting reflected on preliminary title report (page 1261) indicates subject property held by XXX, a XXX limited liability company. There is no evidence in file that Borrower is a Member of LLC. Provide documentation to verify.;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 80.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 80.00. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 111.09 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 12.33 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 31.00 years ; Borrower has stable job time - Borrower has 12.33 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021060653

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[2] Qualifying DTI exceeds Guideline Maximum Allowable - 09/16/2021 - Qualifying DTI of XXX exceeds XXX effective 3/2/2021 guideline maximum of XXX.;

[1] Qualified Mortgage Loan Term - 09/16/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/16/2021 - Change severity of 'Qualified Mortgage Loan Term' from Non-Material to Material.; 09/16/2021 - Exception is NA, NQM; [1] Qualified Mortgage Interest Only Loan - 09/16/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/16/2021 - Exception is NA, NQM; 09/16/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; [1] No Compliance Findings - 09/12/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 80.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 80.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 740. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 22.17 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 11.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 28.00 years ; Borrower has stable job time - Borrower has 11.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021060654

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/17/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage Interest Only Loan - 09/17/2021 - Exception NA; 09/17/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/17/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; [1] Qualified Mortgage Loan Term - 09/17/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/17/2021 - Exception NA; [1] No Compliance Findings - 09/17/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 56.04 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 12.17 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 6.08 years ; Borrower has stable job time - Borrower has 12.17 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021060751

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/16/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/07/2021 - The loan is in compliance with all applicable laws and regulations.
; 09/07/2021 - The exception 'No Compliance Findings' is cleared.;

Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of 85.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660.

W2021070228

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/17/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage Interest Only Loan - 09/17/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/17/2021 - Exception NA; 09/17/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; [1] Qualified Mortgage Loan Term - 09/17/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.; 09/17/2021 - Exception NA; [1] No Compliance Findings - 09/17/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 70.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 70.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 600. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 87.11 months or $XXX, are greater than the Guideline Minimum of 12.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 9.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 18.00 years ; Borrower has stable job time - Borrower has 9.00 years at job.

W2021070355

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/15/2021 - The loan meets all applicable credit guidelines.;

[2] Affiliated Business Disclosure is Missing - 09/13/2021 - The affiliate business disclosure is Missing; [1] Qualified Mortgage Interest Only Loan - 09/15/2021 - Change status of 'Qualified Mortgage Interest Only Loan' from Active to Acknowledged by Client.; 09/15/2021 - Change severity of 'Qualified Mortgage Interest Only Loan' from Material to Non-Material.; 09/15/2021 - Exception is NA, NQM; [1] Qualified Mortgage Loan Term - 09/15/2021 - Exception is NA, NQM; 09/15/2021 - Change status of 'Qualified Mortgage Loan Term' from Active to Acknowledged by Client.;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 85.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 85.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Borrower 1 has significant job time - Borrower has 7.98 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 2.17 years ; Borrower has stable job time - Borrower has 7.98 years at job.

W2021070364

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/08/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/14/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 85.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 85.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 680. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 484.87 months or $XXX, are greater than the Guideline Minimum of 12.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 4.00 years

W2021070409

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/17/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/17/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Borrower 1 has significant job time - Borrower has 19.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 15.00 years ; Borrower has stable job time - Borrower has 19.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021070436

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Rate Term Refinance

Non-QM: Lender documented all ATR UW factors

[1] Unresolved derogatory credit - 09/05/2021 - Borrower has unresolved derogatory credit. XXX placed for collection for $XXX last active XX/XXXX per credit report, which exceeds guideline amount of $XXX and was not paid at closing or otherwise addressed.;

09/23/2021 - Change status of 'Unresolved derogatory credit' from Active to Open Rebuttal.; 09/23/2021 - Lender provided Documentation.

[1] Per Diem Interest Amount Test - 09/20/2021 - Final CD dated XX/XX/XXXX reflects disbursement date of XX/XX/XXXX and collected $XXX in pre-paid interest. The Post Closing CD dated XX/XX/XXXX reflects disbursement date of XX/XX/XXX and collected same amount of pre-paid interest $XXX. Amount of pre-paid interest collected exceeds allowable threshold.; [1] Qualified Mortgage APR Threshold Finding - 09/20/2021 - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; 09/20/2021 - EXCEPTION N/A. Acknowledged.; 09/20/2021 - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.;

Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of 70.00. ; Borrower 1 has significant job time - Borrower has 14.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 15.00 years ; Borrower has stable job time - Borrower has 14.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

W2021070440

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/15/2021 - The loan meets all applicable credit guidelines.;

[1] Qualified Mortgage APR Threshold Finding - 09/16/2021 - Exception is N/A. Acknowledged.; 09/16/2021 - Change severity of 'Qualified Mortgage APR Threshold Finding' from Material to Non-Material.; 09/16/2021 - Change status of 'Qualified Mortgage APR Threshold Finding' from Active to Acknowledged by Client.; [1] Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (12 CFR 1026.35(c)(6)). - 09/10/2021 - Evidence of Appraisal Delivery to the Borrower Not Provided.; [1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

09/27/2021 - Change status of 'Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (12 CFR 1026.35(c)(6)).' from Active to Open Rebuttal.; 09/27/2021 - Lender provided Evidence of Appraisal Delivery.

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 45.00.

W2021070478

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/15/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/09/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 720. ; Borrower 1 has significant job time - Borrower has 6.33 years on job ; Borrower has stable job time - Borrower has 6.33 years at job.

W2021070510

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/15/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 620. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 55.33 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 20.00 years ; Borrower has stable job time - Borrower has 2.50 years at job.

WE2021070679

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 09/16/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 09/16/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 50.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 90.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 90.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 660. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 46.31 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 13.00 years ; Borrower has stable job time - Borrower has 3.50 years at job.

221036922

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Housing history does not meet guidelines - 07/26/2021 - Housing history does not meet guidelines. Housing history is not completed on the 1003's. Monthly rent amount for current address and previous address years at residence is missing.;

08/03/2021 - Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.; 08/03/2021 - Completed 1003 provided

[1] No Compliance Findings - 07/28/2021 - The loan is in compliance with all applicable laws and regulations.

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 75.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 75.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 107.21 months or $XXX, are greater than the Guideline Minimum of 3.00 or $XXX. ; Borrower has stable job time - Borrower has 4.25 years at job.

221046961

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Rate Term Refinance

QM/ATR - Exempt

[1] Transmittal Summary is Missing - 07/24/2021 - The transmittal summary is Missing;

08/03/2021 - 1008 provided; 08/03/2021 - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.

[1] No Compliance Findings - 07/28/2021 - The loan is in compliance with all applicable laws and regulations.
;

221046979

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/28/2021 - The loan meets all applicable credit guidelines.;

[1] Home loan Toolkit is Missing - 07/26/2021 - The home loan toolket is Missing;

08/03/2021 - Change status of 'Home loan Toolkit is Missing' from Active to Open Rebuttal.; 08/03/2021 - Evidence of Home Loan Toolkit provided

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 47.00. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 8957034.00 months or $XXX, are greater than the Guideline Minimum of 3.00 or $0.01.

221047118

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 07/28/2021 - The exception 'No Credit Findings' is cleared.; 07/27/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 07/27/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 80.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 80.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of 80.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 66.56 months or $XXX, are greater than the Guideline Minimum of 0.00 or $0.00. ; Borrower has more than 2 years at current residence - Borrower at current residence 8.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

221047119

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Transmittal Summary is Missing - 07/24/2021 - The transmittal summary is Missing;

08/03/2021 - 1008 provided; 08/03/2021 - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.

[1] No Compliance Findings - 07/28/2021 - The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 18.00 months or $XXX, are greater than the Guideline Minimum of 3.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 7.00 years

121047237

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

QM/ATR - Exempt

[1] No Credit Findings - 08/26/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/23/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 47.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 70.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 70.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 43.77 months or $XXX, are greater than the Guideline Minimum of 6.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 6.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 3.50 years ; Borrower has stable job time - Borrower has 6.00 years at job.

121057521

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/23/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/23/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 65.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 22.31 months or $XXX, are greater than the Guideline Minimum of 3.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 11.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

121057563

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

CashOut Refinance

Non-QM: Lender documented all ATR UW factors

[1] Transmittal Summary is Missing - 08/23/2021 - The transmittal summary is Missing;

08/30/2021 - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.; 08/30/2021 - Lender provided Transmittal Summary.

[1] Initial Escrow Account Disclosure is Missing - 08/24/2021 - The initial escrow account disclosure is Missing; [1] TILA Right of Rescission Test - 08/26/2021 - Missing fial Closing Disclosure with updated Closing/disbursement dates. ; [1] Home Loan - 08/30/2021 - Change status of 'Home Loan' from Active to Open Rebuttal.; 08/30/2021 - Acknowledged.; 08/30/2021 - Change severity of 'Home Loan' from Material to Non-Material.; [1] The file does not contain a complete copy of the Closing Disclosure. Unable to fully test for TRID tolerance. - 08/26/2021 - The file does not contain a complete copy of the Closing Disclosure. Unable to fully test for TRID tolerance. File is missing a copy of the final Closing Disclosure.;

08/30/2021 - Acknowledged.; 08/30/2021 - Change status of 'Home Loan' from Active to Open Rebuttal.; 08/30/2021 - Change status of 'Initial Escrow Account Disclosure is Missing' from Active to Open Rebuttal.; 08/30/2021 - Lender provided Initial Escrow Account Disclosure.; 08/30/2021 - Change status of 'The file does not contain a complete copy of the Closing Disclosure. Unable to fully test for TRID tolerance.' from Active to Open Rebuttal.; 08/30/2021 - Lender provided Closing Disclosure.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 15.25 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 10.50 years ; Borrower has stable job time - Borrower has 15.25 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

221047071

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] Transmittal Summary is Missing - 08/23/2021 - The transmittal summary is Missing;

08/30/2021 - Change status of 'Transmittal Summary is Missing' from Acknowledged by Client to Open Rebuttal.; 08/30/2021 - Lender provided Transmittal Summary.

[1] No Compliance Findings - 08/23/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 47.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 70.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 70.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 8.55 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 5.33 years ; Borrower has stable job time - Borrower has 8.55 years at job.

221047087

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

QM/ATR - Exempt

[1] No Credit Findings - 08/25/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/25/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Third Party Valuation Product not Provided - 08/19/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

08/30/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 08/30/2021 - Lender provided CDA.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower has more than 2 years at current residence - Borrower at current residence 4.92 years ; Borrower has stable job time - Borrower has 2.83 years at job.

221047103

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/25/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/25/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 65.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 65.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 50.94 months or $XXX, are greater than the Guideline Minimum of 3.00 or $XXX. ; Borrower 1 has significant job time - Borrower has 15.00 years on job ; Borrower has more than 2 years at current residence - Borrower at current residence 9.50 years ; Borrower has stable job time - Borrower has 15.00 years at job. ; Borrower Years On Job Exceeds 10 Years - Borrower Years On Job Exceeds 10 Years

221057282

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/26/2021 - The loan meets all applicable credit guidelines.;

[1] No Compliance Findings - 08/26/2021 - The loan is in compliance with all applicable laws and regulations.
;

[1] Third Party Valuation Product not Provided - 08/19/2021 - Third Party Valuation Product Provided; 08/19/2021 - Third Party Valuation Product not Provided to Support Origination Appraised Value within 10%.;

08/30/2021 - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal.; 08/30/2021 - Lender provided CDA.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Borrower 1 has significant job time - Borrower has 8.00 years on job ; Borrower has stable job time - Borrower has 8.00 years at job.

221057315

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

QM/ATR - Exempt

[1] No Credit Findings - 08/19/2021 - The loan meets all applicable credit guidelines.; 08/19/2021 - The exception 'No Credit Findings' is cleared.;

[1] No Compliance Findings - 08/24/2021 - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 70.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 70.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700.

221057342

XXXXX

$XXXXXX

XX/XX/XXXX

Owner occupied

Purchase

Non-QM: Lender documented all ATR UW factors

[1] No Credit Findings - 08/25/2021 - The loan meets all applicable credit guidelines.;

[1] Home Loan - 08/25/2021 - Change severity of 'Home Loan' from Material to Non-Material.; 08/25/2021 - Acknowledged; 08/25/2021 - Change status of 'Home Loan' from Active to Acknowledged by Client.; [1] No Compliance Findings - 08/20/2021 - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 47.00. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 65.00. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of 65.00. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 700. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of 60.93 months or $XXX, are greater than the Guideline Minimum of 3.00 or $XXX. ; Borrower has more than 2 years at current residence - Borrower at current residence 3.00 years ; Borrower has stable job time - Borrower has 3.00 years at job.

1900-112164

XXXXX

$XXXXXX

XX/XX/XXXX

Investment Property

Purchase

QM/ATR - Exempt

[1] Final Loan Application is Missing - 11/30/2020 - Final loan application is Missing;

[1] No Compliance Findings - 12/01/2020 - The loan is in compliance with all applicable laws and regulations.