EX-99.21 22 ex99-21.htm CONSOLIDATED LOAN LEVEL EXCEPTIONS

Exhibit 99.21

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

1211207409 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance ATR/QM: Status Pending 3 3 3 1 [X] Unresolved derogatory credit - XX/XX/XXXX  - Borrower has unresolved derogatory credit on page XXX of the loan file with XXX $XXX and XXX $XX (medical not required to be paid) CR dated XX/XX/XX in which there's no evidence to show non-medical  account has been satisfied. Per Guidelines page XXX section XXX - "Individual collection and non-mortgage charge-off accounts equal to or greater than $XXX, and accounts that total more than $XXX, must be paid in full prior to or at closing.; [X] Initial Loan Application is Missing - XX/XX/XXXX  - Missing Copy of Initial Loan Application; [X] Transmittal Summary is Partial - XX/XX/XXXX  - The XXX Transmittal Summary in the loan file reflects the incorrect loan term of XXX; However the Note, Deed of Trust, Final CD and other supporting documents reflects the loan term of XXX years with a maturity date of XX/XX/XXXX. ; [X] Fraud Report Missing - XX/XX/XXXX  - Page pg XXX of the guidelines states All Automated Fraud &amp; Data Check Results; however the Fraud Report is missing in the loan file.; [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Qualifying DTI of XXX exceeds guideline maximum of XXX.; XX/XX/XXXX  - Documentation provided to support Qualifying DTI below XXX.; XX/XX/XXXX  - Documentation provided to support Qualifying DTI below XXX.; XX/XX/XXXX  - Qualifying DTI of XXX exceeds guideline maximum of XXX. DTI per XXX of XXX%, difference is due to XXX in file calculated DTI for XXX year term and the loan is XXX year term.; [X] ATR/QM Status is Pending - XX/XX/XXXX  - ATR/QM Status is pending. Noted documentation is required per Appendix Q.; [X] Homeownership Counseling Disclosure is Missing - XX/XX/XXXX  - The homeownership disclosure is Missing; [X] The file does not contain a complete copy of the Loan Estimate.  Unable to fully test for TRID tolerance.    - XX/XX/XXXX  - The file does not contain a complete copy of the Loan Estimate.  Unable to fully test for TRID tolerance.; [X] Right to Cancel by Date does not provide a XXX day rescission period from the Note Date  - XX/XX/XXXX  - The right to cancel by date of XX/XX/XXXX does not provide a XXX day rescission period and is within XXX days after the note date of XX/XX/XXXX; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

1220107774 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 3 3 3 1 [X] Final Loan Application is Partial - XX/XX/XXXX  - Provide final XXX signed by loan officer as required by instructions to closing agent.; XX/XX/XXXX  - Final Loan Application is Partial; [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - Provide MIssing page XXX of Contract For Sale and Purchase. Provide Missing page XXX of XXX to the Residential Contract For Sale and Purchase; Condominium Rider.  ; XX/XX/XXXX  - The fully executed purchase contract is Partial; [X] Liquid Reserves are less than Guidelines Required - XX/XX/XXXX  - The liquid reserves of -XXX months or $-XXX, are less than the Guidelines minimum required of XXX or $XXX.; XX/XX/XXXX  - Asset documentation not provided.; [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; [X] Insufficient cash to close. - XX/XX/XXXX  - Asset documentation not provided.; XX/XX/XXXX  - Cash to close in the amount of XXX is greater than the available asset amount of XXX.; [X] HAZARD INSURANCE CERTIFICATE MISSING - XX/XX/XXXX  - Provide condo project master insurance policy.; XX/XX/XXXX  - Missing copy of hazard insurance certificate; [X] Title Policy is Missing - XX/XX/XXXX  - Title policy is Missing; [X] Condo Approval Missing - XX/XX/XXXX  - Provide all documentation required by Section XXX of the XXX Non-QM Guidelines dated XX/XX/XXXX including evidence of project approval.; XX/XX/XXXX  - Condo approval indicator is Missing; [X] Flood Insurance Policy is Partial - XX/XX/XXXX  - Provide declarations page for the flood insurance policy which covers the condominium project.; XX/XX/XXXX  - The flood insurance policy is Partial; [X] Transmittal Summary is Partial - XX/XX/XXXX  - Provide Lender loan approval documentation.; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; [X] eSigned Documents Consent is Missing - XX/XX/XXXX  - The eSigned documents consent is Missing.; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

1220107900 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance Non-QM: Lender documented all ATR UW factors 3 3 3 1 [X] Initial Loan Application is Missing - XX/XX/XXXX  - Missing Copy of Initial Loan Application; [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Qualifying DTI of XXX exceeds guideline maximum of XXX.; XX/XX/XXXX  - Documentation provided to support Qualifying DTI below XXX.; [X] Homeownership Counseling Disclosure is Missing - XX/XX/XXXX  - The homeownership disclosure is Missing; [X] Affiliated Business Disclosure is Missing - XX/XX/XXXX  - The affiliate business disclosure is Missing; [X] The file does not contain any copies of the Loan Estimate(s).  Unable to test for TRID tolerance. - XX/XX/XXXX  - The file does not contain any copies of the Loan Estimate(s).  Unable to test for TRID tolerance.; [X] Higher-Priced Mortgage Loan Right to Receive Appraisal Disclosure Alert (XXX CFR XXX(c)(X)). - XX/XX/XXXX  - Loan is a Higher-Priced Mortgage Loan and Borrower's Right to Receive Appraisal Disclosure was not provided.; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

1220107902 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 3 3 3 3 [X] Signed XXX is missing - XX/XX/XXXX  - Change severity of 'Signed XXX is missing' from Material to Non-Material.; XX/XX/XXXX  - Borrower XXX missing signed XXX; XX/XX/XXXX  - XXXX-C in file lists tax years of XXX and XXX only for loan that closed on XX/XX/XXXX.; [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - The fully executed purchase contract is Partial; XX/XX/XXXX  - Provide purchase contract addendum reflecting loan amount of $XXX.  Page XXX of the Instructions to Closing Agent (page XXX) requires addendum showing correct loan amount.  Purchase contract amendment in file (page XXX) lists loan amount as $XXX.; [X] Transmittal Summary is Partial - XX/XX/XXXX  - Loan Approval Conditions list dated XX/XX/XXXX (page XXX) states, "Provide HOI policy showed XXX  shows as  Correct initial XXX to show that borrower's reside at XXX since XXX  is a vacant lot.  Complete REO to include all properties owned on the initial XXX."  Initial XXX and final XXX list borrower's current residence as XXX .  Provide additional documentation to clarify what address is borrower's primary residence.  ; XX/XX/XXXX  - The transmittal summary is Partial; [X] Final Loan Application is Partial - XX/XX/XXXX  - Final XXX is not signed by loan officer as required by page XXX of the Instructions to Closing Agent (page XXX).  Provide copy signed by loan officer.; XX/XX/XXXX  - Final Loan Application is Partial; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Borrower liabilities verified indicator is Partial; XX/XX/XXXX  - Loan Approval Conditions list dated XX/XX/XXXX (page XXX) states, "Explanation letter for lien that showed up on XXX- State of  XX/XX/XXXX lien and/or judgment that was identified in the file.  Borrower to provide letter of explanation."  Provide a copy of the XXX report and letter of explanation from borrower.; [X] Hazard Insurance Indicator is Partial - XX/XX/XXXX  - Hazard insurance indicator is Partial; XX/XX/XXXX  - Loan Approval Conditions list dated XX/XX/XXXX (page XXX) states, "Correct mailing address to reflect actual primary residence.  This is a NOO policy."  Homeowner's insurance declaration page (page XXX) lists subject property as mailing address.; [X] Underwriting LTV exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Underwriting LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on a loan amount of $XXX and value used for LTV of $XXX per contract sales price.; [X] Fraud Report Missing - XX/XX/XXXX  - X)Provide a copy of the original report and the updated final report with all red flags (High and Medium Alerts) resolved or cleared.
X) Page XXX of the Instructions to Closing Agent (page XXX) states, "Verify brw’s identity SSN issued at least XXX years or more after brw’s DOB XX/XX/XXXX.”  Verification of issue date of borrower’s SSN not in file.; XX/XX/XXXX  - Fraud report Missing.; [X] Underwriting CLTV exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Underwriting CLTV of XXX% is greater than the maximum allowable guideline CLTV of XXX% based on a loan amount of $XXX and value used for CLTV of $XXX.; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; [X] Security Instrument Indicator is Partial - XX/XX/XXXX  - Appraisal indicates subject property is located in a PUD.  Security instrument does not include PUD rider.; XX/XX/XXXX  - The security instrument indicator is Partial; [X] eSigned Documents Consent is Missing - XX/XX/XXXX  - The eSigned documents consent is Missing.; [X] Origination Appraisal is Partial - XX/XX/XXXX  - X) Page XXX of the Instructions to Closing Agent (page XXX) states, "Provide acceptable ARR Rating at close of escrow."  There is not an ARR Rating in file.
; XX/XX/XXXX  - Origination Appraisal is Partial.; [X] Title Issues Present - XX/XX/XXXX  - Provide final title policy to verify proposed policy amount of $XXX.  Page XXX of the Instructions to Closing Agent (page XXX) requires updated title report with accurate loan amount.; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

1220208199 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 3 3 3 3 [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - X) Provide documentation to verify current property taxes, homeowner's insurance, and HOA dues (if any) for departure property, XXX
X) Section XXX of the XXX Non-QM Guidelines dated XX/XX/XXXX states, "Gap credit: A gap credit or Undisclosed Debt Monitoring report is required no more than XXX days prior to loan closing or any time after closing. Any new debt must be included in determining the DTI ratio."  Credit refresh report (pageXXX) is dated XX/XX/XXXX with closing date of XX/XX/XXXX.  Provide additional credit refresh report to meet guideline requirements.; XX/XX/XXXX  - Borrower liabilities verified indicator is Partial; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Provide XXX and XXX W-Xs.  Also provide signed letter of explanation from Borrowers regarding declining income from XXX to XXX.  Provide signed copies of XXX and XXX business and personal tax returns.; XX/XX/XXXX  - The borrower income verification does not match approval; [X] CoBorrower Income Verification does not match Approval - XX/XX/XXXX  - The coborrower income verification does not match approval; XX/XX/XXXX  - Provide XXX and XXX W-Xs.  Also provide signed letter of explanation from Borrowers regarding declining income from XXX to XXX.; [X] Borrower Transcripts are missing - XX/XX/XXXX  - The borrower transcripts is Missing; XX/XX/XXXX  - Pre-Close Eligibility Checklist in the XXX Non-QM Guidelines dated XX/XX/XXXX indicates IRS transcripts  are required documentation.; [X] CoBorrower Transcripts is Missing - XX/XX/XXXX  - Pre-Close Eligibility Checklist in the XXX Non-QM Guidelines dated XX/XX/XXXX indicates IRS transcripts  are required documentation.; XX/XX/XXXX  - The coborrower Transcripts is Missing; [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - Provide copy of Addendum to Residential Real Estate Contract (page XXX) which changed the purchase price to $XXX signed by Borrowers.; XX/XX/XXXX  - The fully executed purchase contract is Partial; [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Provide verbal verification of employment for Borrower.  The GURU matrix indicates VVOE required within XXX days of Note Date.; [X] CoBorrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Provide verbal verification of employment for CoBorrower.  The GURU matrix indicates VVOE required within XXX days of Note Date.; [X] Final Loan Application is Partial - XX/XX/XXXX  - Co-borrower citizenship information missing on final XXX.  Provide copy signed by loan officer as required by closing instructions.; XX/XX/XXXX  - Final Loan Application is partial due to co-borrower citizenship information incomplete in Section XXX of Final XXX ; [X] Borrower residency documentation not provided or issue with documentation - XX/XX/XXXX  - Borrower residency documentation not provided.  Provide documentation to verify Borrower is a non-permanent resident alien as noted on final XXX.   Also provide SSA-XX to verify ITIN as requested on Lender approval conditions list.; [X] Co-Borrower residency documentation not provided or issue with documentation - XX/XX/XXXX  - Co-Borrower residency documentation not provided.  Provide documentation to verify Co-Borrower is a non-permanent resident alien as noted on final XXX.  Also provide SSA-XX to verify ITIN as requested on Lender approval conditions list.; [X] Profit and Loss Does Not Meet Guidelines - XX/XX/XXXX  - Section XXX of the XXX Non-QM Guidelines dated XX/XX/XXXX states, "A YTD Profit and Loss Statement (P&amp;L), up to and including the most recent month preceding the loan application date and two business checking account statements for the two most recent months reflected on the P&amp;L."  Provide YTD Profit and Loss Statement and two business checking account statements for the two most recent months reflected on the P&amp;L.; XX/XX/XXXX  - Profit and Loss Does Not Meet Guidelines; [X] Fraud Report Missing - XX/XX/XXXX  - Section XXX of the XXX Non-QM Guidelines dated XX/XX/XXXX states, "A fraud report including all parties to the transaction; Borrower(s), Seller(s), Broker/Originator/Correspondent, Loan Officer, and Real Estate Agent(s) must be included in the credit file. An updated report or documentation must also be included resolving or clearing any red flags (High and Medium Alerts).  The Broker/Originator/Correspondent must provide a copy of the original report and the updated final report with all red flags (High and Medium Alerts) resolved or cleared."  Provide XXX Report – XXX or XXX – XXX report as specified by guidelines.  ; XX/XX/XXXX  - Fraud report Missing.; [X] eSigned Documents Consent is Missing - XX/XX/XXXX  - The eSigned documents consent is Missing.; [X] Affiliated Business Disclosure is Missing - XX/XX/XXXX  - The affiliate business disclosure is Missing; [X] Third Party Valuation Product not Provided - XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

1220208310 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 3 3 3 1 [X] Transmittal Summary is Partial - XX/XX/XXXX  - Per Section XXX of the guidelines a minimum of XXX years self employment must be documented. The VOE in the file only verifies XXX year. A lender exception was granted. Pg XXX; [X] Liquid Reserves are less than Guidelines Required - XX/XX/XXXX  - The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX.  Per theVice Product Matrix for loan amount less than $XXXM.; [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; [X] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application to be corrected (pg XXX).  Addresses and ownership to be corrected.  XXX reflects that borrower rents (XXX years); however, appears by docs in file that it was owned.  Pg XXX is Settlement Stmt for sale of on XX/XX/XXXX.  Supported by mortgage history (pg XXX) closed/paid off XX/XX/XXXX.     Pg XXX LOE, dated XX/XX/XXXX states he currently lives at XXX , which is not listed on XXX.
Section XXX of XXX Non QM Seller Guide requires XXX month housing history.  After XXX correction an LOE or VOR may be required to cover XX/XX/XXXX to subject closing XX/XX/XXXX.; [X] Charges That Cannot Increase Test - XX/XX/XXXX  - A discount fee in the amount Of $XXX was added to the final CD without evidence of a valid COC. ; [X] Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure - XX/XX/XXXX  - The principal and interest payment on the Final Closing Disclosure does not match the original principal and interest payment payment  (XXX) on the Note. ; XX/XX/XXXX  - Change severity of 'Original PI Payment on Note does not equal PI Payment on Final Closing Disclosure' from Material to Non-Material. The loan amount changed after the initial CD. ; [X] Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (XXX CFR XXX(c)(X)). - XX/XX/XXXX  - Evidence of Appraisal Delivery to the Borrower Not Provided.; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has stable job time - Borrower has XXX years at job.

1220208433 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; XX/XX/XXXX  - Lender GL section XXX pgXX-Fraud report is required on all parties to the transaction. Please provide.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Borrower Credit Report Indicator is Partial - XX/XX/XXXX  - Borrower credit report indicator is Partial. Lender Closing PTF missing the signed Credit Inquiry letter to explain Factual Date, Forty Acres, X-XX- XXX auto, XXX,  XXX C/U, .  ; [X] Hazard Insurance Indicator is Partial - XX/XX/XXXX  - Hazard insurance indicator is Partial. Closing PTF condition missing a paid reciept.; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

1220208490 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Transmittal Summary is Partial - XX/XX/XXXX  - The transmittal summary is Present; XX/XX/XXXX  - XXX Non-QM Guidelines Section XXX state that all properties owned by the borrower must be fully documented and these obligations must be verified using reasonably reliable records such as taxing authority or local government records.  Missing Property Tax documentation for the subject property.; [X] Title Policy is Missing - XX/XX/XXXX  - Title policy is Missing, including missing property tax documentation as required per guidelines section XXX.; [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report is Missing.  XXX Non-QM Guidelines Section XXX require a fraud report including all parties to the transaction.  The following reports are accepted: XXX Report (XXX) or FraudGuard (XXX).; [X] Asset Documents are Incomplete - XX/XX/XXXX  - Asset Documents are Incomplete:  XXX Non-QM Guidelines Section XXX states asset documentation should be comprised of XXX consecutive months and be dated within XXX days of the note date.  Bank of America Business Checking XXX XXX  provided for X/X/XX-X/XX/XX.  Missing XXX month XXX .; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

1220308605 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Pg. XXX of guidelines state a self employed buisness narrative form to be completed; XX/XX/XXXX  - Business narrative required for self employed per lender guidelines, however not provided; [X] Hazard Insurance Coverage is Not Sufficient - XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXXXXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX.; [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Rate lock not provided; XX/XX/XXXX  - Evidence of Rate Lock Not Provided; [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted: Supplemental taxes and subsequent delinquencies fo rthe fiscal year XXXXXXX assessed pursuant to chapter XXX commening with section XXX of the california revenue and taxation code (pg. XXX). Per Closing PTF conditions missing signed borrower contact consent form, XXX, and the condominium XXX or XXX endorsement. ; XX/XX/XXXX  - Title shows addtl open taxes aside from taxes paid with provided document; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2022000296 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Guidelines section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted. ; [X] Intent to Proceed is not Executed - XX/XX/XXXX  - Intent to Proceed Execution is No; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000392 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Borrower Credit Report Indicator is Partial - XX/XX/XXXX  - Borrower credit report indicator is Missing; XX/XX/XXXX  - Change status of 'Borrower Credit Report Indicator is Partial' from Cleared to Rescind.
N/A; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval - Guidelines section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted. ; [X] Borrower Credit Report is Missing - XX/XX/XXXX  -  The subject loan is a DSCR loan and the borrower credit report provided for review is a foreign credit report, which was translated, but the translated credit report does not reflect any credit scores for the borrower.  According to XXX DSCR Guidelines, Section XXX &amp; XXX Borrowers must have an acceptable U.S. Credit history meeting the traditional credit requirements.  Non-traditional credit, non-traditional credit reports, foreign credit reports and borrowers without a credit history or credit are not eligible.  Further, borrower must provide a credit reference letter from a financial institution if a foreign credit report is being utilized. Reference letter is missing from the file.; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Borrower liabilities verified indicator is Partial. Translated Credit Report used which is not allowed AND Title escow statement on page XXX shows taxes are $XXX semi annually/ $XXX year/  $XXX a month. Tax Cert states $XXX as well as Appraisal. First payment letter states monthly payment to borrower for taxes is $XXX, which is incorrect. ; [X] ATR/QM Status is Pending - XX/XX/XXXX  - ATR/QM Status is pending. Noted documentation is required per Appendix Q.; [X] Intent to Proceed is Missing - XX/XX/XXXX  - The intent to proceed is Missing; No

2022000399 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX.

2022000403 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.
; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

2022000432 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 1 2 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Higher-Priced Mortgage Loan ( XXCFR Â§XXX.XX(X)(X) ) - XX/XX/XXXX - The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXXX%) by XX% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more.  Per guidelines HPML are permitted and apply to purchase transactions that pass QM Points and Fees with an escrow account setup.   Confirmed subject transaction meets guidelines. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

2022000452 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.
; [X] Title Policty is Partial - XX/XX/XXXX  - Title policy is Partial.  Preliminary Report needs to reflect correct proposed insured parties and policy amount; provide copy of final with correct insured and policy amount.
; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Intent to Proceed is Missing - XX/XX/XXXX  - Intent to Proceed required per XXX DSCR XXX  (pg X).
; XX/XX/XXXX  - The intent to proceed is Missing; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

2022000456 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application is Present; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Cleared to Rescind.
Exception set in error.; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.; [X] Title Policty is Partial - XX/XX/XXXX  - Title policy is Partial. Preliminary Report does not reflect correct proposed insured parties and policy amout; provide copy of final policy with correct insured and policy amount.; [X] Intent to Proceed is Missing - XX/XX/XXXX  - Intent to Proceed required per XXX DSCR XXX  (pg X).
; XX/XX/XXXX  - The intent to proceed is Missing; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000467 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - Change status of 'No Credit Findings' from Cleared to Rescind.
N/A; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval. Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No

2022010659 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2022010754 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Second Home Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Title Policty is Partial - XX/XX/XXXX  - Title policy is Partial.  * Pg XXX.  Does not reflect BX (XXX) or proposed insured amount.   ; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2022010768 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification is less than XXX months - XX/XX/XXXX  - Change severity of 'Borrower Income Verification is less than XXX months' from Material to Non-Material.; XX/XX/XXXX  - NA no ratio DSCR program; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

90000122224 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX- The borrower income verification does not match approval. Lender granted exception, income does not meet lender guidelines, missing XXX W2 Transcripts.  Client to acknowledge and provide compensating factors. XX/XX/XXX - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.  The borrower's income did not meet lender guidelines because XXXX WX transcripts missing. Lender granted exceptions for missing income at time of approval.  Client Acknowledged Lender exception with the following compensating factors identified by client; reserves of XX.XX Months or $XXX,XXX.XX, with guide minimum of X.XX months or $XX,XXX.XX, monthly residual income is $X,XXX.XX, FICO of XXX with minimum required XXX and borrower job stability as borrower has been on the same job for over XX years..   Borrower Income Verification does not match Approval - Grade X Assigned.  Change status of 'Borrower Income Verification does not match Approval' from Open Rebuttal to Acknowledged by Client. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

92010122284 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

92010122641 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 2 2 2 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Borrower is XXX% owner of XXX (pg XXXX).  XXX Non-QM Guides, dated XX/XX/XXXX, require XXX% Ownership per XXX  Stmts section (pg XXX of guide).  An approved Lender Exception (pg  XXX) was provided, XXX% ownership allowed. ; [X] Initial Loan Estimate Delivery Date Test (from application) - XX/XX/XXXX  - ** Valid CE exceptions due to missing LE and COC for discount points.  Will need all LEs/CDs/COCs so complete complaince can be entered and tested. **; [X] Charges That Cannot Increase Test - XX/XX/XXXX  - ** Valid CE exceptions due to missing LE and COC for discount points.  Will need all LEs/CDs/COCs so complete complaince can be entered and tested. **; [X] Charges That In Total Cannot Increase More Than XXX% Test - XX/XX/XXXX  - ** Valid CE exceptions due to missing LE and COC for discount points.  Will need all LEs/CDs/COCs so complete complaince can be entered and tested. **; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; [X] Higher-Priced Mortgage Loan - XX/XX/XXXX  - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

92010123962 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 2 1 2 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Higher-Priced Mortgage Loan ( XXCFR Â§XXX.XX(X)(X) ) - XX/XX/XXXX - The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXXX%) by XX% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more.  Per guidelines HPML are permitted and apply to purchase transactions that pass QM Points and Fees with an escrow account setup.   Confirmed subject transaction meets guidelines. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

92010124913 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 1 2 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Higher-Priced Mortgage Loan ( XXCFR Â§XXX.XX(X)(X) ) - XX/XX/XXXX - The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXXX%) by XX% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XX% or more.  Per guidelines HPML are permitted and apply to purchase transactions that pass QM Points and Fees with an escrow account setup.   Confirmed subject transaction meets guidelines. No

92010125302 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Transmittal Summary is Partial - XX/XX/XXXX  - NP Inc. Non-QM Flex Guidelines dated XX/XX/XXXX states, “Business Purpose & Occupancy Affidavit (all borrowers are required to sign prior to submission and at closing to declare that the property is, or will be, for commercial business or investment purpose only).”  Provide copy of Business Purpose signed at time of application.
[X] Borrower liabilities verified indicator is Partial XX/XX/XXXX - The Evidence of Primary Residence sub-section of the Investor DSCR Program section of the NP Inc. Non-QM Flex Guidelines dated XX/XX/XXXX states, "Borrowers who own a primary residence must provide: Proof of ownership of a primary home superior in value and/or appeal to subject.”File missing documentation obtained at the time of origination evidencing primary home is superior in value and/or appeal to subject property. XX/XX/XXXX - Change status of 'Transmittal Summary is Partial' from Active to Open Rebuttal.  Received Borrower Certification of Business Purpose and Occupancy Affidavit, which was signed at closing and does not meet guidelines.  Need same documents but signed prior to submission to meet guidelines.  Exception Remains.

XX/XX/XXXX - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.  Received Realtor.com internet search of borrower's primary residence as evidence of ownership and home superiority in value and/or appeal to subject property which reflects property is a single-family residence, XXXX sq. ft living area as opposed to XXX sq. ft of subject. Further, the primary residence is on a XXXX sq. ft. lot, built in XXXX. The lender deems borrower's primary residence square footage, lot size and age constitute superiority based on these factors.  However, the Realtor.com document provided is dated after origination, which does not meet guidelines, as the report must be conducted at the time of origination. Provide report dated at time of origination to meet guidelines.  Exception Remains.

XX/XX/XXXX - Change status of 'Transmittal Summary is Partial' from Open Rebuttal to Acknowledged by Client.  The loan does not meet DSCR Investor Program as documentation regarding Borrower Certification of Business Purpose and Occupancy Affidavit does not meet guidelines, as documents were required to be signed at submission and closing, but the documents were only signed at closing, not at time of submission as required.  However, Client has requested exception grade X/X assignment with the following compensating factors identified by the Client; Reserves of XX.XX months or $XX,XXX are greater than the guide minimum of X-months or $X,XXX.XX and borrower at current residence XX-years.  Exception downgraded to X/X.

XX/XX/XXXX - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Open Rebuttal to Acknowledged by Client.  The borrower's proof of ownership of primary residence and superiority in value and/or appeal to subject does not meet guidelines, as documentation provided was conducted post-close, rather at time of origination, as required.  However, the Client requested a grade X/X assignment with the following compensating factors identified by the Client; Reserves of XX.XX months or $XX,XXX.XX are greater than the guide minimum of X-months or $X,XXX.XX and borrower at current residence XX-years.  Exception downgraded to X/X.

[X] eSigned Documents Consent is Missing - XX/XX/XXXX  - The eSigned documents consent is Missing.; No Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

90140100694 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Housing history does not meet guidelines - XX/XX/XXXX  - X) The Mortgage and Rental Payment Verification sub-section of the Investor DSCR Program section of the XXX. Non-QM Flex Guidelines dated XX/XX/XXXX states, "Mortgage and rental payments not reflected on the original credit report must be documented via an institutional Verification of Rent or Verification of Mortgage (VOR/VOM) for the subject property and primary residence only."  Provide Verification of Mortgage for the XXX loan XXX liened against the Borrower's primary residence.  XXX report (page XXX) lists Borrower as owner of primary residence, XXX.
X) Fraud report indicates borrower owns XXX with mortgage loan of $XXX opened XX/XX/XXXX.  Provide XXX-month mortgage payment history or documentation that verifies loan has been paid in full and released.; XX/XX/XXXX  - Housing history does not meet guidelines.; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - The Evidence of Primary Residence sub-section of the Investor DSCR Program section of the XXX. Non-QM Flex Guidelines dated XX/XX/XXXX states, "Borrowers who own a primary residence must provide: Proof of ownership of a primary home superior in value and/or appeal to subject.”  Provide documentation to evidence primary home is superior in value and/or appeal to subject property.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Is Completion Certificate in file is No - XX/XX/XXXX  - The appraisal was completed "Subject To" however, the file is missing the Completion Certificate.; XX/XX/XXXX  - Change status of 'Is Completion Certificate in file is No' from Active to Open Rebuttal.
Received Appraisal Completion Report XXX, completed by original appraiser confirming all subject to conditions have been met, along with photos.  Exception Resolved.   No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

92010119631 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Transmittal Summary is Missing - XX/XX/XXXX  - The transmittal summary is Missing; XX/XX/XXXX  - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.  Received Transmittal Summary XXX and the Conditional Approval dated XX/XX/XXXX.   [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Appraisal guideline violation - XX/XX/XXXX  - Appraisal guideline violation:  Appraisal was completed for XXX. Guidelines require approval from XXX and appraisal transfer letter for the loan file.; XX/XX/XXXX  - Change status of 'Appraisal guideline violation' from Active to Open Rebuttal. Received the Appraisal Transfer Letter and Acknowledgement, which was executed by transferring lender XXX. XXX assigns all rights and interest regarding this appraisal for the subject property to XXX, which meets guidelines. No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

92010120191 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 3 1 3 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Qualifying Income of $XXX is NOT supported as this calculation is based on a XXX month average and the oldest month is the largest deposit (XX/XX/XXXX). When using XX/XX - XX/XX/XXXX the Qualify income would be $XXX qualified deposits and a XXX% expense ratio, see XXX  Worksheet for calculation and pages.  ; XX/XX/XXXX  - The borrower income verification does not match approval. UW used a XXX month average not XXX month average, the oldest month (XX/XX/XXXX) has the largest deposit; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] TILA Finance Charge Test - XX/XX/XXXX  - Change status of 'TILA Finance Charge Test' from Cleared to Rescind.
Fee naming convection changed/corrected. Rescind.; [X] Initial Loan Estimate Delivery Date Finding (prior to consummation) - XX/XX/XXXX  - Change status of 'Initial Loan Estimate Delivery Date Finding (prior to consummation)' from Cleared to Rescind.
Date corrected - Rescind.; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

92010121110 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Second Home Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

92010123807 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Underwriting LTV exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Underwriting LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on a loan amount of $XXX and value used for LTV of $XXX.  The Interest-Only sub-section of the XXX  Information section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX restricts LTV to XXX% maximum for primary residence transactions.; [X] Transmittal Summary is Partial - XX/XX/XXXX  - The transmittal summary indicates Lender granted exception approving first time home buyer under XXX  - ALT Doc. FTHB not permitted under this program.  Additonally file contains Evidence of lender paid mortgage insurance.; [X] Underwriting CLTV exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Underwriting CLTV of XXX% is greater than the maximum allowable guideline CLTV of XXX% based on a loan amount of $XXX and value used for LTV of $XXX.  The Interest-Only sub-section of the XXX  Information section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX restricts CLTV to XXX% maximum for primary residence transactions.; [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - X) XXX  section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX states, "Verification within XXX days of the note date that the business has a minimum X-year operating history with one of the following: a letter from the business tax professional, regulatory agency or licensing bureau certifying XXX years of self-employment in the same business (see exception guidelines for XXX mos self-employed)."  Letter from tax professional dated XX/XX/XXXX (page XXX) is not dated within XXX days of the note date of XX/XX/XXXX.
X) XXX  section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX states, "Verification business is active and operating with either a phone listing and/or business address using directory assistance or internet search within XXX business days of closing."
; [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - The fully executed purchase contract is Partial; XX/XX/XXXX  - Sellers' names are not printed on the California Residential Purchase Agreement.  Unable to verify Seller names using signatures.; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - The first-time home buyers section of the XXX Flex Non-QM Guidelines dated XX/XX/XXXX states first-time home buyers are not permitted on XXX  or XXX  Express programs.  Lender approved exception (page XXX) citing high discretionary income, lengthy &amp; deep credit history of solid performance, and FICO well above program minimum with solid performance as compensating factors.  Client to acknowledge Lender exception.; [X] Reimbursement Amount Test - XX/XX/XXXX  - **Provide documentation to verify change that caused increase of discounts points from $XXX on LE dated XX/XX/XXXX to $XXX on final CD.; [X] Charges That Cannot Increase Test - XX/XX/XXXX  - **Provide documentation to verify change that caused increase of discounts points from $XXX on LE dated XX/XX/XXXX to $XXX on final CD.; [X] Consummation or Reimbursement Date Validation Test - XX/XX/XXXX  - **Provide documentation to verify change that caused increase of discounts points from $XXX on LE dated XX/XX/XXXX to $XXX on final CD.; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2021120016 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Fraud Report Missing - XX/XX/XXXX  - No fraud report in file.; [X] Hazard Insurance Coverage is Not Sufficient. - XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficent. The subject loan amount is XXX with the hazard insurance replacement coverage. No estimated of replacement cost from the insurance company was provided.; XX/XX/XXXX  - Change status of 'Hazard Insurance Coverage is Not Sufficient.' from Active to Open Rebuttal.; XX/XX/XXXX  - The loan amount for the subject transaction is $XXX and the hazard insurance coverage is $XXX. Please provide additional hazard insurance coverage or a Replacement Cost Estimator confirming the insurable value of the improvements to support the existing coverage. Exception remains. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

2021120027 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance QM: Safe Harbor 1 1 1 1 [X] Fraud Report Missing - XX/XX/XXXX  - Fraud report Missing.; XX/XX/XXXX  - Change status of 'Fraud Report Missing' from Active to Open Rebuttal.; XX/XX/XXXX  - received fraud report [X] Notice of Special Flood Hazards is Missing - XX/XX/XXXX  - The notice of special flood hazards disclosure is Missing from the loan file. ; [X] Home loan Toolkit is Missing - XX/XX/XXXX  - The home loan toolket is Missing; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2021120030 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Fraud Report Missing - XX/XX/XXXX  - Per Acra guidelinesXXX , all files must be reviewed for completeness and perform a compliance and fraud check. The file does not contain a fraud report. ; XX/XX/XXXX  - Fraud report Missing.; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

121109138 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

121119326 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - The high alerts on the XXX report (pg XXX) have not been cleared. ; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided documentation to verify and address all high alerts. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has stable job time - Borrower has XXX years at job.

121119344 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Asset Documents are Incomplete - XX/XX/XXXX  - Missing non-borrowing spouse access letter for XXX joint bank account.  XXX Other assets (pgXXX) guidelines states, Non borrowing spousal accounts allowable with a relationship letter. Account # XXXX- joint account.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided Account Access letter. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

121119398 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Property is located in a FEMA disaster area - XX/XX/XXXX  - Property is located in a FEMA disaster area with no post disaster inspection. According to FEMA.gov website, the subject property is located in a prior FEMA, which was declared  on XX/XX/XXXX, but no evidence the appraiser acknowledged same or commented on any damage and its effect on marketability and value within the Appraisal or the addendums.; XX/XX/XXXX  - Change status of 'Property is located in a FEMA disaster area' from Active to Open Rebuttal.; XX/XX/XXXX  - Change status of 'Property is located in a FEMA disaster area' from Active to Open Rebuttal. [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.; XX/XX/XXXX  - N/A; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has stable job time - Borrower has XXX years at job.

121119461 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application is Partial; XX/XX/XXXX  - Final XXX page XXX shows borrowers separated; per LOE in file page XXX- applicants are significant others; Lender to provide corrected XXXXs for borrowers showing single and not separated.; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided updated final applications for both borrowers with corrected marriage status. [X] No Compliance Findings - XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX.

121129498 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared:; XX/XX/XXXX  - High Alerts on Fraud Report were not addressed/cleared. ; [X] Lender did not provide ATR/QM Status Determination - XX/XX/XXXX  - Lender ATR/QM status determination provided.; XX/XX/XXXX  - Change status of 'Lender did not provide ATR/QM Status Determination' from Active to Rejected by Client.; XX/XX/XXXX  - Not material ; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

121129510 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - The alerts on the XXX Fraud report are not cleared. Fraud Score Risk and Identity high alerts have not been cleared.; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided documentation to verify SSN and DOB.   [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

121129587 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Provide current State of New York Department of State nail technician license for Borrower.  License provided expired XX/XX/XXXX.; [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.
Therefore origination documentation initially provided supports a Qualifying DTI below XXX%.  Exception downgraded to a X. ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Purchase transaction: subject property XXX Unit dwelling – borrower to occupy one unit, second unit to be tenant occupied. Currently, the second unit is noted to be vacant. XXX Guidelines are silent regarding vacancy and/or utilization of projected rental income on primary residence however client has advised to defer to FNMA Selling Guide Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXX may be used”. Therefore, the current market rent indicated in Operating Income Statement Schedule of Form XXX appraisal was used to calculate rental income in the amount of $XXX applying a XXX% vacancy loss factor with a net total of $XXX.; XX/XX/XXXX  - Calculated  DTI of XXX% exceeds guideline maximum of XXX% due to exclusion of projected rental income in the amount of $XXX on second unit of the subject property.  Section XXX of the XXX VOE guidelines dated XX/XX/XXXX requires a copy of current lease for all REO income properties, proof of property ownership and evidence of receiving recent X-month rental income via cancelled checks, deposit slips, or bank records.  Rental income was only noted on XXX and a Lease agreement and evidence of receipt of rental income are not in file. Additionally appraisal does not indicate an existing tenant resides at the property.  Further, XXX VOE guidelines dated XX/XX/XXXX does not address the use of projected rental income for the subject property in a purchase transaction.; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.
Received State of NY Department of State Division of Licensing Services to practice nail specialty effective date XX/XX/XXXX to XX/XX/XXXX.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.
Therefore origination documentation initially provided supports a Qualifying DTI below XXX%.  Exception downgraded to a X. ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Purchase transaction: subject property XXX Unit dwelling – borrower to occupy one unit, second unit to be tenant occupied. Currently, the second unit is noted to be vacant. XXX Guidelines are silent regarding vacancy and/or utilization of projected rental income on primary residence however client has advised to defer to FNMA Selling Guide Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXX may be used”. Therefore, the current market rent indicated in Operating Income Statement Schedule of Form XXX appraisal was used to calculate rental income in the amount of $XXX applying a XXX% vacancy loss factor with a net total of $XXX.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Purchase transaction: subject property XXX Unit dwelling – borrower to occupy one unit, second unit to be tenant occupied. Currently, the second unit is noted to be vacant. XXX Guidelines are silent regarding vacancy and/or utilization of projected rental income on primary residence however client has advised to defer to FNMA Selling Guide Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXX may be used”. Therefore, the current market rent indicated in Operating Income Statement Schedule of Form XXX appraisal was used to calculate rental income in the amount of $XXX applying a XXX% vacancy loss factor with a net total of $XXX.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.
Therefore origination documentation initially provided supports a Qualifying DTI below XXX%.  Exception downgraded to a X. [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

122019846 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - DTI increased to XXX% due to the elimination of rental income for the subject property.  Section XXX of the XXX VOE guidelines dated XX/XX/XXXX requires a copy of current lease for all REO income properties and evidence of receiving recent X-month rental income via cancelled checks, deposit slips, or bank records.  Please provide Lease agreement and evidence of receipt of rental income are not in file. ; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.
Exception downgraded to a X. ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Purchase transaction: subject property XXX Unit dwelling – borrower to occupy one unit, second unit to be tenant occupied. Currently, the second unit is noted to be vacant. XXX Guidelines are silent regarding vacancy and/or utilization of projected rental income on primary residence however client has advised to defer to FNMA Selling Guide Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXX may be used”. The current market rent indicated in Operating Income Statement Schedule of Form XXX appraisal was used to calculate rental income in the amount of $XXX applying a XXX% vacancy loss factor with a net total of $XXX. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

122019913 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 1 2 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] Home loan Toolkit is Missing - XX/XX/XXXX  - The home loan toolket is Missing; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

122020092 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
Exception set in error.  ; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Cleared to Rescind.
Exception Removed.; XX/XX/XXXX  - Borrower liabilities verified indicator is Present; [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Provide signed copy of Operating Agreement for XXX  as required by Section XXX of the XXX- DSCR Guidelines dated XX/XX/XXXX.  Copy in file is not signed.; [X] Borrower Income Verification is less than XXX months - XX/XX/XXXX  - Income Verification of ___ is greater than XXX months.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Cleared to Rescind.
Exception Removed.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
Exception set in error.  ; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.
Received executed operating agreement.  Which meets lender guidelines. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

122020101 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

122030139 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has stable job time - Borrower has XXX years at job.

221109111 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Right to Cancel is Missing - XX/XX/XXXX  - Provide the executed Right to Cancel document; XX/XX/XXXX  - The right to cancel is Missing; XX/XX/XXXX  - Change status of 'Right to Cancel is Missing' from Active to Open Rebuttal.
Received executed Notice of Right to Cancel. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221109229 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] CoBorrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Section XXX of the XXX- VOE guidelines dated XX/XX/XXXX state, "Employment verification documentation must be consistent with information on borrower’s credit report."  The coborrower's credit report does not list XXX XXXas her employer.; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221109231 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - This loan meets lender guidelines. ; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - N/A; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX.

221119240 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Borrower liabilities verified indicator is Partial; XX/XX/XXXX  - Provide documentation to verify HOA dues for XXX; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Transmittal Summary is Missing - XX/XX/XXXX  - The transmittal summary and approval is Missing; XX/XX/XXXX  - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.
Received XXX Transmittal Summary and Underwriting Conditional Approval. Transmittal Summary and Conditional Approval match CA review of the loan. [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted:; XX/XX/XXXX  - Certificate of title lists judgments, tax liens, bankruptcy filings, and parking violations in name of Borrower in the amount of approximately $XXX.  Provide final title policy to verify title was cleared and borrower is not responsible for said liens.; XX/XX/XXXX  - The following issues were noted:; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.
Received final Title Policy. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221119264 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Second Home Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

221119301 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221119313 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

221119399 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Insufficient cash to close. - XX/XX/XXXX  - Section XXX of the XXX- VOE Guidelines dated XX/XX/XXXX states, "Business assets may be an acceptable source of funds for the down payment, closing costs, and financial reserves. If business funds are used for down payment, closing costs and/or reserves the following requirements must be met: The borrower must have a min XXX% of ownership interest in the business; The borrower must have full access to the business account; Available funds to be used will be the vesting balance multiplied by the percentage of borrower’s ownership in the business; and A CPA letter to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business."  Utilized XXX% of business account balances as Borrower holds XXX% membership percentage interest per Schedule A of Operating Agreement (page XXX).; XX/XX/XXXX  - Cash to close in the amount of $XXX is greater than the available asset amount of $XXX, short $XXX.; [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Provide documentation to verify HOA dues for XXX.; [X] Liquid Reserves are less than Guidelines Required - XX/XX/XXXX  - The liquid reserves of -XXX months or $-XXX, are less than the Guidelines minimum required of XXX or $XXX and XXX% of UPB for XXXor $XXX. Assets calculated at XXX% of business account balances because borrower has XXX% membership interest per Operating Agreement (page XXX). Provide additional assets to meet reserve requirements of $XXX.; [X] Asset Documents are Incomplete - XX/XX/XXXX  - Section XXX of the XXX- VOE Guidelines dated XX/XX/XXXX states, "Business assets may be an acceptable source of funds for the down payment, closing costs, and financial reserves. If business funds are used for down payment, closing costs and/or reserves the following requirements must be met: The borrower must have a min XXX% of ownership interest in the business; The borrower must have full access to the business account; Available funds to be used will be the vesting balance multiplied by the percentage of borrower’s ownership in the business; and A CPA letter to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business."  Provide documentation to verify borrower has full access to the XXX business savings accounts ending #XXX and #XXX in the name of XXX and a CPA letter to confirm the withdrawal of funds for this transaction will not have a negative impact on the business, XXX. ; [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  -  DTI increased because elimination of rental income for subject property because XXX VOE Guidelines dated XX/XX/XXXX require a lease agreement and most recent X-month rental payment.  Therefore, qualifying total income calculated at $XXX (base salary and rental income from XXX Dinsmore) and total debt $XXX (subject PITI and rental loss of -$XXX or property XXX).  Provide lease agreement and X-month rental payment to meet lender guidelines.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
Received property details report for XXX .  ; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
Received property details report for XXX .  ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Open Rebuttal to Acknowledged by Client.
Received an email correspondence from Client, accepting the DTI calculation at XXX%, based on the following compensating factors, LTV XXX% vs. XXX% max, FICO XXX vs XXX min, $XXX plus per month in residual income, XXX plus years with same employer, including through the pandemic, and evidence per the Appraisal Operating income statement, the leaseback rent on the Purchase Agreement is under market ($XXX-$XXXX vs $XXX). Exception downgraded to a X. ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.
Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Received duplicate copy of Operating Agreement, Secretary of State for XXX and a duplicate copy of purchase contract.  The Purchase Contract states the Seller is granted XXX months of post-closing possession to vacate the home.  Additionally, Seller may exercise a X-month extension, if needed during said period, Seller shall be responsible for all utility and water charges as well as repairs and maintenance as needed.  The seller shall hold back $XXX in escrow to ensure delivery of the premises.  If the seller remains in possession past the allowed period, there shall be a $XXX/day penalty.  Further, Seller shall pay to purchaser $XXX monthly during the X-month extension period as well as the utilities, water, repair and maintenances as needed.  There is no landlord/tenant relationship during such period.   The contract states the seller will be granted a X-month post-closing possession period to vacate the home and may exercise a X-month extension if needed.  However, item #XX on contract states the Seller shall pay the purchaser $XXX per month during the X-month extension, not the first X-month post-closing possession. Therefore, the seller is not paying a monthly payment during the first XXX months and seller was to hold back $XXX in escrow, but no indication of what the $XXX is being used towards or if this $XXX was actual held back in escrow, because the Seller CD in initial loan file does not reflect an escrow hold back.  Further, no evidence provided regarding lender guidelines permitting the use of projected rental income for the subject property in a purchase transaction.  Exception Remains.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal. The loan is an entity vested loan, title to be held in the name XXX, down payment funds also came from XXX account, the XXX docs and closing docs are fully executed by both the XXX owners. Received all required documents that includes Personal Guarantee Form, Articls of Organization, Cert of Good Standing, signed Operating Agreement with all amendments  confirming the borrower has full authorization by the XXX to file loan application and obtain mortgage against the subject property on behalf of the  Resolution of Unanimous Consent of the member of the, and a completed member list showing all current members and their respective ownership interest.  Further, all members signed loan security instrument.  The Operating agreement provided reflects the two members who signed closing documents hold a XX/XX% ownership. Therefore XXX% of the XXX funds permitted for use for down payment, closing costs and reserves.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal. The loan is an entity vested loan, title to be held in the name XXX, down payment funds also came from XXX account, the XXX docs and closing docs are fully executed by both the XXX owners. Received all required documents that includes Personal Guarantee Form, Articls of Organization, Cert of Good Standing, signed Operating Agreement with all amendments  confirming the borrower has full authorization by the XXX to file loan application and obtain mortgage against the subject property on behalf of the XXX Resolution of Unanimous Consent of the member of the XXX and a completed member list showing all current members and their respective ownership interest.  Further, all members signed loan security instrument.  The Operating agreement provided reflects the two members who signed closing documents hold a XXX% ownership. Therefore XXX% of the XXX funds permitted for use for down payment, closing costs and reserves.; XX/XX/XXXX  - Change status of 'Insufficient cash to close.' from Active to Open Rebuttal.  All required documents provided meet lender guidelines. The Operating agreement provided reflects the two members who signed closing documents hold a XXX ownership. Therefore XXX% of the XXX funds permitted for use for down payment, closing costs and reserves.; XX/XX/XXXX  - Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Open Rebuttal.  All required documents were provided and meet lender guidelines.  XXX% of the XXX funds are allowed to be used, for down payment, closing costs and reserves based on the operating agreement and two memebers signed closing documents as XXX ownership. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221119416 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Client.
Acknowledged; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

221119424 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: report indicates a high risk score. Lender did not provide proof that a deep dive was done on the borrower to address the top score contribtors to the fraud risk score.; [X] Housing history does not meet guidelines - XX/XX/XXXX  - VOR is missing from the file; XX/XX/XXXX  - Housing history does not meet guidelines.; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Minimum Trade Line Requirement Not Met - XX/XX/XXXX  - Borrower(s) have not met the minimum tradeline requirement per lender guidelines.  Per guidelines (XXX) the borrower must have a minimum of XXX tradelines and at least XXX with a XXX month credit history.; XX/XX/XXXX  - Alerts from Fraud Report have been cleared. Exception resolved.; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal. [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; [X] Lender Credits That Cannot Decrease Test - XX/XX/XXXX  - Lender Credit Decreased without a valid COC; [X] Lender did not provide ATR/QM Status Determination - XX/XX/XXXX  - Lender did not provide ATR/QM Status Determination; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX years at job.

221119443 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: High alerts have not been cleared (pg XXX).; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided documentation to verify and address fraud high alerts. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX years at job.

221129508 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Section XXX of the XXX- VOE guidelines dated XX/XX/XXXX state, "Employment verification documentation must be consistent with information on borrower’s credit report."  The borrower's credit report does not list XXX as his employer.; [X] Transmittal Summary is Missing - XX/XX/XXXX  - The transmittal summary is Missing; [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - Provide fully executed copy of the Amendment of Contract of Sale (page XXX) as required by Section XXX of the XXX- VOE guidelines dated XX/XX/XXXX.; XX/XX/XXXX  - The fully executed purchase contract is Partial; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does match approval.  EXCEPTION RESOLVED; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided XXX form completed, executed and verification lender recieved from the borrowers manager.  ; XX/XX/XXXX  - EXCEPTION REMAINS:  Lender provided VVOE from a CPA (via internet) with a different employer address than what is listed on the WVOE (p.XXX) and initial VVOE (p.XXX) in file.  per XXX guidelines XXX. FNMA form XXXX WVOE completed and executed by HR, payroll Dept or an officer of the company (other than the borrowers spouse).  The form must be sent and recieved directly from the employer.  Verification of delivery must be provided.; XX/XX/XXXX  - Verification of Employment form dated XX/XX/XXXX for Borrower was completed by his spouse, XXX.  Borrower's  spouse who is also a party to the transaction is not permitted to verify employment or income on behalf of the borrower.; XX/XX/XXXX  - The borrower income verification does not match approval; XX/XX/XXXX  - Change status of 'Fully Executed Purchase Contract is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided copy of executed ammendment.; XX/XX/XXXX  - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided copy of XXX; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided WVOE XXX form completed, executed and verification lender recieved from the borrowers manager.   [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has stable job time - Borrower has XXX years at job.

221129514 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Hazard Insurance Indicator is Partial - XX/XX/XXXX  - Hazard insurance indicator is Partial.  HOI Policy (pg XXX) is missing binder/policy number.; XX/XX/XXXX  - Hazard insurance declaration page missing.; XX/XX/XXXX  - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.
Received HOI Policy with policy number. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job.

221129603 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower Liabilities Verification Indicator is Partial - XX/XX/XXXX  - Borrower liabilities verified indicator is Partial - Provide recorded copy of the XXX dated XX/XX/XXXX which relinquishes XXX ownership in XXX, borrowers departing residence.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
There is no mortgage on credit report and bank statements do not show any obligations.  This is borrowers primary residence.  This is not required.; XX/XX/XXXX  - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Cleared to Rescind.
Exception set in error. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

221129604 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

221129687 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: XXX indicates alerts the Lender has not cleared.; [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

222019703 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Home Loan; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Client.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

222019712 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has stable job time - Borrower has XXX years at job.

222019713 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower residency documentation not provided or issue with documentation - XX/XX/XXXX  - Change status of 'Borrower residency documentation not provided or issue with documentation' from Cleared to Rescind.
Removed exception; XX/XX/XXXX  - Borrower residency documentation has been provided and there are no issues with documentation.  ; XX/XX/XXXX  - The XXX card provided expires on XX/XX/XXXX - and XXX Application provided, which gives borrower XXX days from expiration date.  This meets guidelines.  Exception set in error.; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; [X] No Compliance Findings - XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222019717 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: report indicates a high risk score. Lender did not provide proof that a deep dive was done on the borrower to address the top score contributors to the fraud risk score.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; XX/XX/XXXX  - Loan is a DSCR and all income and assets in file required for DSCR loan meet guideline requirements and can clear high risk alerts on Fruad Report. Appraisal is in file as is CDA which supports appraised  value and clears high risk alerts on Fraud Report. [X] No Compliance Findings - XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

222019733 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222019784 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - The fully executed purchase contract is Partial; XX/XX/XXXX  - Provide executed copy of the Lead Based Paint Disclosure noted in the Addenda section on page XX of the Real Estate Sales Contract.; [X] Final Loan Application is Partial - XX/XX/XXXX  - Missing pages XXX and XXX of final XXX; XX/XX/XXXX  - Final Loan Application is Partial; [X] Asset Documents are Incomplete - XX/XX/XXXX  - Asset Documents are Incomplete: Section XXX of the XXX VOE guidelines dated XX/XX/XXXX states, "XXX to be verified with a copy of cancelled check. If the cancelled check itself is unable to show funds from borrower's account, the additional bank statements are needed to evidence the XXX account belongs to borrower. The bank statements are not limited to the month of XXX withdrawal."  Copy of XXX check provided is endorsed but not cancelled.  Please provide either a copy of the cancelled XXX check or a bank statement confirming the XXX account belongs to borrower.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
Received XXX cancelled check for $XXX confirming funds were paid from borrowers own account, which meets XXX Guidelines.; XX/XX/XXXX  - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.
Received all XXX pages of the final XXX.; XX/XX/XXXX  - Change status of 'Fully Executed Purchase Contract is Partial' from Active to Open Rebuttal.
Received executed copy of the Lead Based Paint Disclosure. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX years at job.

222019786 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Guidelines XXX require "an internet search of the business to support existence of the business".  Please provide an internet search for business XXX.; [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Calculated DTI of XXX% exceeds guideline maximum of XXX% due to exclusion of projected net rental income in the amount of ($XXX*XXX%)  $XXX for the subject property.  Section XXX of the XXX VOE guidelines dated XX/XX/XXXX requires a copy of current lease for all REO income properties, proof of property ownership, and evidence of receiving recent XXX month rental income via cancelled checks, deposit slips, or bank records.  Rental income was noted on XXX and final loan application, but evidence of a lease agreement and recent XXX month rental income is not in file.  Further, XXX VOE guidelines dated XX/XX/XXXX do not address the use of market rent for the subject property on a purchase transaction.; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.
Received an internet search for business XXX., conducted on XX/XX/XXXX, which was after closing date XX/XX/XXXX.  Therefore, document provide is not acceptable because the business search is required to be conducated during the process of the loan application and be included in the credit to support existence of the business.  Exception Remains. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

222019787 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Hazard Insurance Coverage is Not Sufficient. - XX/XX/XXXX  - Hazard insurance coverage is sufficient.; XX/XX/XXXX  - Hazard insurance coverage of XXX is not sufficent. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.; [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Title Issues Present - XX/XX/XXXX  - Documentation sufficient and meets lender guidelines, the exception 'Title Issues Present' is cleared.  Exception Resolved.; XX/XX/XXXX  -  Received evidence of transfer and XXX billing statement reflecting borrower paid first months payment of $XXX. Updated liabilities with correct monthly payment.  DTI still within lender guidelines.  Also received evidence via email that Section G of Title of the prior lease agreement regarding XXX filing: (Section XXX indicates no lien will be filed but company can file a XXX for ownership purposes.; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.
Received copy of the original XXX lease agreement between XXX and the orignal lessor (the Seller).  The XXX Agreement confirms the seller is required to provide prior written notice to XXX if the seller wishes to transfer this agreement and all Assignments shall be made in writing. No evidence was provided indicating the lease agreement was reviewed by XXX per guideline requirements or that the XXX company agreed to said assignment to purchaser.  Furthermore, no confirmation that the current monthly payment remained the same and there is no evidence that a XXX cancellation and refiling took place.  Please reference section G (XXX) and (XXX) also page XXX of seller’s lease agreement for requirements to terminate and/or transfer said lease.  Lease agreement and lender requirements not meet.  Exception Remains.; XX/XX/XXXX  - The following issues were noted. Purchase contract XXX Section AA. indicates a XXX Agreement Assignment between seller and buyer to be assumed.  No proof in file was provided that indicates the lease agreement was reviewed by XXX or that the XXX company agreed to said assignment to purchaser. Furthermore, no confirmation that the current monthly payment remained the same and there is no evidence that a XXX cancellation and refiling took place.  DTI may be subject to recalculation based on confirmation of current payment.; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.
Received copy of the original XXX lease agreement between XXX and the orignal lessor (the Seller).  The XXX Agreement confirms the seller is required to provide prior written notice to XXX if the seller wishes to transfer this agreement and all Assignments shall be made in writing. No evidence was provided indicating the lease agreement was reviewed by XXX per guideline requirements or that the XXX company agreed to said assignment to purchaser.  Furthermore, no confirmation that the current monthly payment remained the same and there is no evidence that a XXX cancellation and refiling took place.  Please reference section G (XXX) and (XXX) also page XXX of seller’s lease agreement for requirements to terminate and/or transfer said lease.  Lease agreement and lender requirements not meet.  Exception Remains. No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222019804 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Acknowledged by Seller; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.; XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted: Provide documentation liens were satisified on the title. Schedule B, Number XXX of the Title Committment states XXX Federal tax lien, XXX judgements, XXX parking violation, and XXX environmental control board liens (pg XXX, XXX-XXX).  ; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided sworn Affidavit from borrower that neither borrower owes any federal tax liens, judgements, parking violations or environmental control board liens to address title issues. Exception Resolved. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222019902 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Minimum Trade Line Requirement Not Met - XX/XX/XXXX  - Change status of 'Minimum Trade Line Requirement Not Met' from Cleared to Rescind.
Exception set in error; XX/XX/XXXX  - Borrower(s) have met the minimum tradeline requirement per lender guidelines.  ; [X] Final Loan Application is Not Executed - XX/XX/XXXX  - Final XXX page signed by Loan Officer was not located in loan file.; XX/XX/XXXX  - Final Loan Application is Not Executed; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has stable job time - Borrower has XXX years at job.

222020051 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Section XXX of the XXX guidelines dated XX/XX/XXXX requires the following documents for LLC vesting:  Filed Articles of Organization/Certificate of Formation and all amendments, Certificate of Good Standing, Signed Operating Agreement including all amendments, attachments or schedules, Resolution of Unanimous Consent of the Member(s) of the LLC, and a complete Member List showing all current Members and their respective ownership interests.   An LLC Filing Receipt and CPA letter are the only LLC-related documents in file.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

222020122 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Calculated DTI of XXX% exceeds guideline maximum of XXX% due to exclusion of projected net rental income in the amount of $XXX for the departure property, XXX.  Section XXX of the XXX  guidelines dated XX/XX/XXXX requires a copy of current lease for all REO income properties, proof of property ownership, and evidence of receiving recent XXX month rental income via cancelled checks, deposit slips, or bank records.  Rental income was noted on XXX, and a lease agreement with lease term start date of XX/XX/XXXX was provided.  Lease term start date is after closing date of XX/XX/XXXX.  Evidence of receipt of rental income is not in file.  Check dated XX/XX/XXXX in amount of $XXX is the security deposit.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

222020124 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: Occupancy and Undisclosed Debt high alert- "Borrower has additional loan applications on the same property with your institution in the past XXX days."  Please provide a notice of withdrawal of termination of the additional loan applications.; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.
Received XXX Request for Withdrawal of Mortgage Application dated XX/XX/XXXX for subject property, which confirms the application was withdrawn prior to subject application being resubmitted. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

222029934 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Asset Documents are Incomplete - XX/XX/XXXX  - The exception 'Asset Documents are Incomplete' is cleared. ; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
The check of $XXX was provided along with borrowers bank statement reflecting $XXX check was deposited in borrowers account.  Exception set in Error.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Cleared to Rescind.
Removed exception, set in Error.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
The check of $XXX was provided along with borrowers bank statement reflecting $XXX check was deposited in borrowers account.  Exception set in Error.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Cleared to Rescind.
Removed exception, set in Error. [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222029946 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Asset Documents are Incomplete - XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
The cancelled check provided for $XXX reflects it was paid on XX/XX/XXXX in a XXX account.  The borrowers bank account reflects $XXX was deposited on XX/XX/XXXX.  This is sufficient and meets lender guidelines.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Cleared to Rescind.
Exception set in Error.; XX/XX/XXXX  - The exception 'Asset Documents are Incomplete' is cleared.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
The cancelled check provided for $XXX reflects it was paid on XX/XX/XXXX in a XXX account.  The borrowers bank account reflects $XXX was deposited on XX/XX/XXXX.  This is sufficient and meets lender guidelines.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Cleared to Rescind.
Exception set in Error. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job.

222029952 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Calculated DTI of XXX% exceeds guideline maximum of XXX% due to exclusion of projected rental income in the amount of $XXX for the subject property.  Section XXX of the XXX guidelines dated XX/XX/XXXX requires a copy of current lease for all REO income properties, proof of property ownership, and evidence of receiving recent XXX month rental income via cancelled checks, deposit slips, or bank records.  Rental income was only noted on XXX, and a lease agreement and evidence of receipt of rental income are not in file.  Additionally, the appraisal does not indicate an existing tenant resides at the property.  Further, XXX guidelines dated XX/XX/XXXX do not address the use of projected rental income for the subject property of a purchase transaction.; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Section XXX of the XXX Guideline- Bank Statements and Assets Depletion dated XX/XX/XXXX states, "Bank statements must be most recent available at time of application and must be consecutive."  Application date is XX/XX/XXXX.  Provide all pages of bank statement dated XX/XX/XXXX for XXX business account ending #XXXX.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received most recent bank statement dated XX/XX/XXXX to meet guidelines, in addition with an updated XXX and updated income calculation worksheet.  Re-calculated borrower income removing XX/XX/XXXX bank statement and adding XX/XX/XXXX bank statement, which changed the qualifying income from  $XXX per month to $XXX per month.  ; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal. The projected rent for the subject property purchase investment was excluded, becasue XXX Guidelines are ailent regarding vacancy and/or utlization of projected rental income on an investment property.  However, client has advised to defer to FNMA Selling Guide Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXX may be used”. Therefore, the current market rent indicated in Operating Income Statement Schedule of Form XXX appraisal was used to calculate rental income in the amount of $XXX applying a XXX% vacancy loss factor with a net total of $XXX. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222029961 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied CashOut Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan - XX/XX/XXXX  - Change severity of 'Home Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Home Loan' from Active to Acknowledged by Seller.
N/A; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX years at job.

222030131 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX years at job.

222030133 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

222030156 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Section XXX of the XXX guidelines dated XX/XX/XXXX states, "An internet search of the business is required with documentation to be included in the credit file to support existence of the business."  Please provide the internet search conducted, required by guidelines, for business XXX. ; XX/XX/XXXX  - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.
Received an internet search for business XXX., which was conducted on XX/XX/XXXX, and does not meet lender guidelines as loan closed XX/XX/XXXX.  XXX Guidelines require an internet search to be conducted during the process of the loan to support existence of the business and include the supported documentation within the credit file.  Exception Remains. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job.

321119427 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] OFAC Check was not completed/Cleared. - XX/XX/XXXX  - OFAC Check was not completed/cleared.; XX/XX/XXXX  - OFAC alert (pg XXX) of Fraud Report not cleared and no clear OFAC search doc in file.  Third-Party alert for XXX, listed as lender on Fraud Report and Contact on Conditional Approval pg XXX. ; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Home Loan Toolkit is Partial - XX/XX/XXXX  - The home loan toolket is Partial; XX/XX/XXXX  - The home loan toolket is Missing; XX/XX/XXXX  - The home loan toolket is Partial.  Pg XXX, Disclosure is not dated, ; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - Change status of 'Home Loan Toolkit is Partial' from Active to Open Rebuttal.
Received Acknowledgement of receipt of Home Loan Toolkit, acknowledged by the borrower on XX/XX/XXXX. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

322029940 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; [X] DSCR is less than guideline minimum - XX/XX/XXXX  - Qualifying DSCR of XXX is less than guideline minimum requirement of XXX.; XX/XX/XXXX  - Qualifying DSCR of XXX is less than guideline minimum requirement of XXX.; XX/XX/XXXX  - Qualifying DSCR of XXX meets guideline requirement.; [X] Evidence of Rate Lock Not Provided - XX/XX/XXXX  - Evidence of Rate Lock Not Provided; XX/XX/XXXX  - Change status of 'Evidence of Rate Lock Not Provided' from Active to Open Rebuttal.; XX/XX/XXXX  - Documentation provided revealing the rete lock date.  Exception resolved. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

522030172 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

621129511 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

621129650 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

622019757 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

622019776 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2021001519 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Rate Term Refinance ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

2021001608 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] Fully Executed Purchase Contract is Partial - XX/XX/XXXX  - Provide Buyer's Inspection Advisory listed as Addendum in Section XXX of purchase agreement.; XX/XX/XXXX  - The fully executed purchase contract is Partial; [X] Housing history does not meet guidelines - XX/XX/XXXX  - Housing history does not meet guidelines. Provide updated mortgage rating for XXX#XXXX.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided proof of XX/XX/XXXX pmt for XXX #XXXX.  XX/XX/XXXX pmt in file (pg XX).  Mtg history updated from last pmt (XX/XX/XXXX) made on credit report.; XX/XX/XXXX  - Lender provided executed Buyer's Investigation Advisory.; XX/XX/XXXX  - Change status of 'Fully Executed Purchase Contract is Partial' from Active to Open Rebuttal. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

2021001802 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2021001907 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Hazard Insurance Indicator is Partial - XX/XX/XXXX  - Hazard insurance indicator is Partial.  *  XXX  (pg XXX).  Incorrect expiration date.  Effective and Expiration are both XX/XX/XXXX.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Lender provided updated HOI XXX page with corrected dates. ; XX/XX/XXXX  - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted:Lender to provide final title for review to verify judgment lien page XXX item# XXX (child support) and delq seller tax liens have been removed.; XX/XX/XXXX  - Lender provided updated title.; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal. No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2021001971 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2021002067 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines.; XX/XX/XXXX  - The borrower income verification does match approval. Exception Resolved.; XX/XX/XXXX  - Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in the file. Please provide a copy of the internet search conducted. ; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines. [X] Intent to Proceed is Missing - XX/XX/XXXX  - per guideline intent to proceed is required; XX/XX/XXXX  - The intent to proceed is Missing; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000038 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines.; XX/XX/XXXX  - The borrower income verification does match approval. Exception Resolved.; XX/XX/XXXX  - Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in the file. Please provide a copy of the internet search conducted. ; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines. [X] Subject loan is an investment cash out. Evidence of cash-out purpose not provided. - XX/XX/XXXX  - Unable to determine if purpose of cash out is for business or personal use.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Intent to Proceed is Missing - XX/XX/XXXX  - The intent to proceed is received.; XX/XX/XXXX  - The intent to proceed disclosure is missing from the loan file.; XX/XX/XXXX  - The intent to proceed is Missing; XX/XX/XXXX  - Change status of 'Subject loan is an investment cash out. Evidence of cash-out purpose not provided.' from Active to Open Rebuttal.
Received LOE as evidence of cash-out purpose. No Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

2022000103 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval; XX/XX/XXXX  - Provide signed letter of explanation from employer to explain use of whiteout in Section XXX of the Verification of Employment form dated XX/XX/XXXX.  Employer to also verify year-to-date income amount with the date income is paid through.; [X] Asset Documents are Incomplete - XX/XX/XXXX  - Provide updated gift letter for the gift of $XXX from XXX with accurate account number listed.  Account number currently listed (#XXX) is the routing number for XXX.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received LOE and a Verification of Employment dated XX/XX/XXXX.   [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job.

2022000134 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2022000166 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Rate Term Refinance Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] Borrower Employment Verification does not meet guidelines - XX/XX/XXXX  - Provide signed letter of explanation from Borrower regarding employment verification by family member, XXX.  Borrower also to advise why gift funds from same family member were needed to meet cash to close and reserve requirement.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Higher-Priced Mortgage Loan - XX/XX/XXXX  - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller.
N/A; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has stable job time - Borrower has XXX years at job.

2022000175 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 2 2 1 1 [X] Qualifying DTI exceeds Guideline Maximum Allowable - XX/XX/XXXX  - Qualifying DTI of XXX exceeds guideline maximum of XXX.; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval.; XX/XX/XXXX  - VOE indicates year to date earnings thru XX/XX/XXXX is $XXX which breaks down to XXX months income for a total gross of $XXX per month. Borrower was qualified using a total monthly income of  $XXX. Verification of Employment form does not support qualifying income used at the time the loan was originated. ; [X] Liquid Reserves are less than Guidelines Required - XX/XX/XXXX  - Cash to close consummation CD (page XXX) $XXX - $XXX refunded on post-consummation CD (page XXX)= $XXX adjusted cash to close.  With adjustment, verified reserves total XXX months ; XX/XX/XXXX  - The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX.; [X] Asset Documents are Incomplete - XX/XX/XXXX  - Asset Documents are Incomplete:; XX/XX/XXXX  - Provide additional, consecutive monthly statement for XXX account ending #XXXX and XXX account ending #XXXX.  Section XXXX of the XXX guidelines dated XX/XX/XXXX require XXX monthly bank statements for asset verification.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received a Verification of Employment dated XX/XX/XXXX.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.
Received a Verification of Employment dated XX/XX/XXXX, which reflects the correct paid through date of XX/XX/XXXX and qualifying income meets maximum DTI.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
Received snip it of XXX of  Section XXX Asset stating Asset Seasoning: minimum of XXX days asset verification required.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Open Rebuttal to Acknowledged by Seller.
Signed Exception letter provided.  Lender granted an exception for additional XXX mo. bank statement for XXX #XXXX and XXX #XXXX with compensating factors FICO is XXX and credit depth - XXX accounts with over XXX month history. [X] Higher-Priced Mortgage Loan - XX/XX/XXXX  - Change severity of 'Higher-Priced Mortgage Loan' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller.
Exception is an informational.  The lenders compliance documents reflect loan was closed as a HPML.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has stable job time - Borrower has XXX years at job.

2022000299 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines.; XX/XX/XXXX  - The borrower income verification does match approval. Exception Resolved.; XX/XX/XXXX  - The borrower income verification does not match approval - Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.; [X] Final Loan Application is Partial - XX/XX/XXXX  - Final Loan Application is Partial; XX/XX/XXXX  - The Fraud Report reflects an additional property owned by the borrower at XXX which is not disclosed on the initial or final XXX. The report reflects the alert is cleared however the loan file does not contain any evidence to document that the borrower owns or sold property. (Pages XXX, XXX). Guidelines require XXX month mortgage history allowing XXX. Provide updated final XXX and evidence of mortgage history if applicable.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

2022000300 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines.; XX/XX/XXXX  - The borrower income verification does match approval. Exception Resolved.; XX/XX/XXXX  - The borrower income verification does not match approval - Guidelines Section XXX indicate XXX will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.; [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.
Received internet search for rental validation "XXX," which meets lender guidelines. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Originator NMLS is Not Active - XX/XX/XXXX  - The originator NMLS status is Active; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

2022000311 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 1 2 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; [X] Intent to Proceed is Missing - XX/XX/XXXX  - Change status of 'Intent to Proceed is Missing' from Open Rebuttal to Acknowledged by Seller.
Signed Exception letter provided. Lender granted an exception for missing Intent to Proceed Disclosure, with the following compensating factors, XXX FICO (XXX min) and XXX additional months of subject PITIA reserves. ; XX/XX/XXXX  - Change severity of 'Intent to Proceed is Missing' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Intent to Proceed is Missing' from Active to Open Rebuttal.
Received a duplicate disclosure package and no evidence of the Intent to Proceed as required per guidelines for a DSCR purchase transaction.  Exception Remains.; XX/XX/XXXX  - The intent to proceed is Missing; XX/XX/XXXX  - Change status of 'Intent to Proceed is Missing' from Active to Open Rebuttal.
Received a duplicate disclosure package and no evidence of the Intent to Proceed as required per guidelines for a DSCR purchase transaction.  Exception Remains.; XX/XX/XXXX  - Change status of 'Intent to Proceed is Missing' from Open Rebuttal to Acknowledged by Seller.
Signed Exception letter provided. Lender granted an exception for missing Intent to Proceed Disclosure, with the following compensating factors, XXX FICO (XXX min) and XXX additional months of subject PITIA reserves. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

30010109917 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower X has significant job time - Borrower has XXX Years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX Years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

110040325 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 2 2 1 1 [X] No Credit Findings - XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Underwriting FICO does not meet Guideline Minimum Required - XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.; XX/XX/XXXX  - Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.     Exception resolved.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years

110044071 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 1 1 1 1 [X] Note Document Indicator is Partial - XX/XX/XXXX  - Note document indicator is Partial - Note document is incomplete- appears to be missing page XXX image in file has the allonge page then starts at page XXX. Lender to provide complete Note copy for review.; [X] DSCR is less than guideline minimum - XX/XX/XXXX  - dowgrading as false exception due to incomplete Note and Mtg documents.; XX/XX/XXXX  - Change severity of 'DSCR is less than guideline minimum' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Note Document Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - Note is present [X] Security Instrument Indicator is Partial - XX/XX/XXXX  - The security instrument indicator is Partial - image in file incomplete- missing page XXX (XXX) of the mortgage, assignment of rents and security agreement. Lender to provide a complete copy of the recorded mortgage for review.; XX/XX/XXXX  - Change status of 'Security Instrument Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX  - DOT is present [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted: lender to provide final title policy to verify loan maount coverage = $XXX and to verify that any and all municipal liens, ie item #XXX IAO $XXX, any judgments etc have been removed from title, to ensure lender has first lien position.; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided prelim title with adequate loan amount coverage and judgment removed from exceptions. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

110044073 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property CashOut Refinance ATR/QM: Exempt 2 2 1 1 [X] DSCR is less than guideline minimum - XX/XX/XXXX  - lease in file provides for renewal language and a XXX% increase- rents $XXX XXX%=XXX so total rents currently would be $XXX; GL states interest only can be used to determine DSCR provided FICO i snot less than XXX and LTV does not exceed XXX%; LTV is XXX% however FICO is XXX.  DSCR ratio based on current lease amount of $XXX is less than XXX DSCR ratio. interest only pmt only used if FICO if XXX per GL.; XX/XX/XXXX  - Qualifying DSCR of XXX is less than guideline minimum requirement of XXX.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; XX/XX/XXXX  - The exception 'No Compliance Findings' is cleared.; [X] Title Issues Present - XX/XX/XXXX  - The following issues were noted: title prelims in file show municipal lien IAO $XXX in favor of XXX (item # XXX); addtl copies of title commt in file show several judgments (page XXX); in additiona to these liens, LOE from LO, page XXX, indicates delinquent taxes IAO $ XXX. Page XXX hsows XXX report with an unreleased Court of Common Pleas IAO $XXX #XXX filed XX/XX/XXXX (not on title report but lien report shows not released) Lender to provide final title policy and documentation from court of common please to verify all prior liens,  judgements and delinquent taxes have been removed.; [X] Third Party Valuation Product not Provided - XX/XX/XXXX  - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; XX/XX/XXXX  - No UCPD or CDA report was found during UW audit. Per lender GL pgXXX chapter XXX.; XX/XX/XXXX  - Change status of 'Title Issues Present' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided Final Title with Tax Lien removed.; XX/XX/XXXX  - Lender provided UCDP with score of XXX.; XX/XX/XXXX  - Change status of 'Third Party Valuation Product not Provided' from Active to Open Rebuttal. No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX months or $XXX, are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX Years

110046533 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Investment Property Purchase ATR/QM: Exempt 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

110048264 XXXXX XXXXX $XXXXXX XXX XX/XX/XXXX Owner occupied Purchase Non-QM: Lender documented all ATR UW factors 1 1 1 1 [X] No Credit Findings - XX/XX/XXXX  - The loan meets all applicable credit guidelines.; [X] Fraud Report Shows Uncleared Alerts - XX/XX/XXXX  - Fraud report shows the following alerts that have not been cleared: Risk Indicator #XXX-XXX-hit for custom watchlist.; [X] Borrower Income Verification does not match Approval - XX/XX/XXXX  - The borrower income verification does not match approval: Missing Lender's bank statement calculation worksheet.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Acknowledged by Client to Open Rebuttal.; XX/XX/XXXX  - Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; XX/XX/XXXX  - Lender provided their bank statement calc worksheet. Matches qualifying income.  Auditor calcs were higher so income/ratios acceptable, verified. ; XX/XX/XXXX  - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; XX/XX/XXXX  - Lender provided updated Fraud Report with clear for the high alert. [X] No Compliance Findings - XX/XX/XXXX  - The loan is in compliance with all applicable laws and regulations.
; No Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.