EX-99.22 23 ex99-22.htm CONSOLIDATED EXCEPTION REPORT

Exhibit 99.22

Seller Loan ID

Client Loan Number

Pool

Review Type

Originating Lender

Borrower Last Name

State

Note Date

Loan Amount

Loan Purpose

Occupancy

ATR/QM Status

TRID Indicator

Condition ID

Condition Category

Condition Subcategory

Status

Condition Grade

Condition Standardized Description

ComplianceEase Comments

Condition Custom Description

Compliance Remediation

Lender Response

Condition Resolution

Compensating Factors

final grade

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Compliance

Active

Right to Cancel by Date does not provide a X day rescission period from the Note Date

XX/XX/XXXX - The right to cancel by date ofXX/XX/XXXX does not provide a X day rescission period and is within X days after the note date ofXX/XX/XXXX;

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 X 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 ExceedsXXX years - Borrower Years On Job ExceedsXXX years

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Credit

Active

Initial Loan Application is Missing

XX/XX/XXXX - Missing Copy of Initial Loan Application;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Credit

Active

Transmittal Summary is Partial

XX/XX/XXXX - The XXXX 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 ofXXX years with a maturity date of XX/XX/XXXX. ;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Compliance

Active

ATR/QM Status is Pending

XX/XX/XXXX - ATR/QM Status is pending. Noted documentation is required per Appendix Q.;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Credit

Active

Qualifying DTI exceeds Guideline Maximum Allowable

XX/XX/XXXX - Qualifying DTI of XXXX exceeds guideline maximum of XXXX.; XX/XX/XXXX - Documentation provided to support Qualifying DTI below XXXX.; XX/XX/XXXX - Documentation provided to support Qualifying DTI below XXXX.; XX/XX/XXXX - Qualifying DTI of XXXX exceeds guideline maximum of XXXX. DTI per XXXX of XXXX%, difference is due to XXXX in file calculated DTI for XX year term and the loan is XX year term.;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Credit

Active

Unresolved derogatory credit

XX/XX/XXXX - Borrower has unresolved derogatory credit on page XX of the loan file with XXX $XXX andXXX $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 XX sectionXXX - "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.;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Compliance

Active

Homeownership Counseling Disclosure is Missing

XX/XX/XXXX - The homeownership disclosure is Missing;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Credit

Active

Fraud Report Missing

XX/XX/XXXX - Page pg XXX of the guidelines states All Automated Fraud & Data Check Results; however the Fraud Report is missing in the loan file.;

1211207409

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

ATR/QM: Status Pending

XXX

Compliance

Active

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.;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Active

eSigned Documents Consent is Missing

XX/XX/XXXX - The eSigned documents consent is Missing.;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Borrower has more than X years at current residence - Borrower at current residence XXX years

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Insufficient cash to close.

XX/XX/XXXX - Asset documentation not provided.; XX/XX/XXXX - Cash to close in the amount of XXXXXX is greater than the available asset amount of XXX.;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Title Policy is Missing

XX/XX/XXXX - Title policy is Missing;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

HAZARD INSURANCE CERTIFICATE MISSING

XX/XX/XXXX - Provide condo project master insurance policy.; XX/XX/XXXX - Missing copy of hazard insurance certificate;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

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;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Transmittal Summary is Partial

XX/XX/XXXX - Provide Lender loan approval documentation.;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Condo Approval Missing

XX/XX/XXXX - Provide all documentation required by Section XXX of the XXX Wholesale/Correspondent Non-QM Guidelines dated XX/XX/XXXX including evidence of project approval.; XX/XX/XXXX - Condo approval indicator is Missing;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Fully Executed Purchase Contract is Partial

XX/XX/XXXX - Provide MIssing page XX of Contract For Sale and Purchase. Provide Missing page X of Comprehensive Rider to the Residential Contract For Sale and Purchase; Condominium Rider. ; XX/XX/XXXX - The fully executed purchase contract is Partial;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Liquid Reserves are less than Guidelines Required

XX/XX/XXXX - The liquid reserves of -XXXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXXX.; XX/XX/XXXX - Asset documentation not provided.;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Fraud Report Missing

XX/XX/XXXX - Fraud report Missing.;

1220107774

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Active

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Evidence of Rate Lock Not Provided;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Reimbursement Amount Test

XX/XX/XXXX - This loan failed the reimbursement amount test. (XX CFR Â§XXX(f)(X)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under Â§XXX(e)(X)(i) or (ii), the creditor complies with Â§XXX(e)(X)(i) if the creditor refunds the excess to the consumer no later than XX days after consummation, and the creditor complies with Â§XXX(f)(X)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XX days after consummation.

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 X 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 ExceedsXXX years - Borrower Years On Job ExceedsXXX years

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Homeownership Counseling Disclosure is Missing

XX/XX/XXXX - The homeownership disclosure is Missing;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Affiliated Business Disclosure is Missing

XX/XX/XXXX - The affiliate business disclosure is Missing;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Consummation or Reimbursement Date Validation Test

XX/XX/XXXX - This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

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.;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

MD XXX Higher-Priced Mortgage Loan Finding

XX/XX/XXXX - This loan is a higher-priced mortgage loan. ( XXX XXX XXXB(XX) , XXX XXXB(X) )
The loan is a higher-priced mortgage loan as defined in the Code of XXX Regulations (XXX) due the following findings:
The loan is a closed-end loan with a closing date, or date creditor received application (formerly application date) if closing date is unknown, on or after the effective date of XX/XX/XXXX; andThe loan is a first lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.
For information on higher-priced mortgage loans, please see the MD XXX Higher-Priced Mortgage Loan Alerts below.

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Charges That In Total Cannot Increase More Than XX% Test

XX/XX/XXXX - This loan failed the charges that in total cannot increase more than XX% test. (XX CFR Â§XXX(e)(X)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to Â§XXX(e)(X)(ii). The final charges that in total cannot increase more than XX% ($XXX) exceed the comparable charges ($XXX) by more than XX%. Please see the table that displays the Charges That Cannot Increase More Than XX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under Â§XXX(e)(X)(i) by more than XX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with Â§XXX(e)(X)(vi).

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Initial Loan Application is Missing

XX/XX/XXXX - Missing Copy of Initial Loan Application;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Fraud Report Missing

XX/XX/XXXX - Fraud report Missing.;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Charges That Cannot Increase Test

XX/XX/XXXX - This loan failed the charges that cannot increase test. (XX CFR Â§XXX(e)(X)(i))The loan contains charges that exceed the good faith determination according to Â§XXX(e)(X)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to Â§XXX(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under Â§XXX(e)(X)(i).

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXX(a)(X) )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 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Qualifying DTI exceeds Guideline Maximum Allowable

XX/XX/XXXX - Qualifying DTI of XXXX exceeds guideline maximum of XXXX.; XX/XX/XXXX - Documentation provided to support Qualifying DTI below XXXX.;

1220107900

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Higher-Priced Mortgage Loan Right to Receive Appraisal Disclosure Alert (XX CFR XXXXX(c)(X)).

XX/XX/XXXX - Loan is a Higher-Priced Mortgage Loan and Borrower's Right to Receive Appraisal Disclosure was not provided.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

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.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Underwriting LTV exceeds Guideline Maximum Allowable

XX/XX/XXXX - Underwriting LTV of XXXX% is greater than the maximum allowable guideline LTV of XX% based on a loan amount of $XXX and value used for LTV of $XXX per contract sales price.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

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 Data Verify- State of Mississippi XX/XX/XXXX lien and/or judgment that was identified in the file. Borrower to provide letter of explanation." Provide a copy of the Data Verify report and letter of explanation from borrower.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Active

eSigned Documents Consent is Missing

XX/XX/XXXX - The eSigned documents consent is Missing.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

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 X of the Instructions to Closing Agent (page XXX) states, "Verify brw’s identity SSN issued at leastXXX 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.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

Underwriting CLTV exceeds Guideline Maximum Allowable

XX/XX/XXXX - Underwriting CLTV of XXXX% is greater than the maximum allowable guideline CLTV of XX% based on a loan amount of $XXX and value used for CLTV of $XXX.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Property

Active

Title Issues Present

XX/XX/XXXX - Provide final title policy to verify proposed policy amount of $XXX. Page X of the Instructions to Closing Agent (page XXX) requires updated title report with accurate loan amount.;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Active

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;

1220107902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Active

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Evidence of Rate Lock Not Provided;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage APR Threshold Finding

XX/XX/XXXX - This loan has an APR that exceeds the threshold for a qualified mortgage. ( XX CFR §XXX(e)(X)(vi) )A qualified mortgage is a covered transaction for which, among other requirements, is not negatively amortizing and:The note amount for a first lien is greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR §XXX(e)(X)(vi) does not exceed the XXX on the date the rate was set plus XXX%; orThe note amount for a first lien on a manufactured home is less than $XXX, and its APR calculated per the requirements of XX CFR §XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount for a first lien a non-manufactured home is less than $XXX but greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR §XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount for a second lien is greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR §XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount on a first lien a non-manufactured home or a second lien is less than $XXX, and its APR calculated per the requirements of XX CFR §XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%.

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 X years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Borrower Income Verification does not match Approval

XX/XX/XXXX - Provide XXXX and XXXX W-Xs. Also provide signed letter of explanation from Borrowers regarding declining income from XXXX to XXXX. Provide signed copies of XXXX and XXXX business and personal tax returns.; XX/XX/XXXX - The borrower income verification does not match approval;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Final Loan Application is Partial

XX/XX/XXXX - Co-borrower citizenship information missing on final XXXX. 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 X of Final XXXX ;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX - Provide verbal verification of employment for Borrower. The GURU matrix indicates VVOE required within X days of Note Date.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

CoBorrower Transcripts is Missing

XX/XX/XXXX - Pre-Close Eligibility Checklist in the XXX Wholesale/Correspondent Non-QM Guidelines dated XX/XX/XXXX indicates IRS transcripts are required documentation.; XX/XX/XXXX - The coborrower Transcripts is Missing;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR §XXX(a)(X) )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 XXX 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Affiliated Business Disclosure is Missing

XX/XX/XXXX - The affiliate business disclosure is Missing;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

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;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

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 XXXX. Also provide SSA-XX to verify ITIN as requested on Lender approval conditions list.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

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 XXXX. Also provide SSA-XX to verify ITIN as requested on Lender approval conditions list.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

eSigned Documents Consent is Missing

XX/XX/XXXX - The eSigned documents consent is Missing.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

CoBorrower Employment Verification does not meet guidelines

XX/XX/XXXX - Provide verbal verification of employment for CoBorrower. The GURU matrix indicates VVOE required within X days of Note Date.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

CoBorrower Income Verification does not match Approval

XX/XX/XXXX - The coborrower income verification does not match approval; XX/XX/XXXX - Provide XXXX and XXXX W-Xs. Also provide signed letter of explanation from Borrowers regarding declining income from XXXX to XXXX.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Borrower Transcripts are missing

XX/XX/XXXX - The borrower transcripts is Missing; XX/XX/XXXX - Pre-Close Eligibility Checklist in the XXX Wholesale/Correspondent Non-QM Guidelines dated XX/XX/XXXX indicates IRS transcripts are required documentation.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Fraud Report Missing

XX/XX/XXXX - Section XXX of the XXX Wholesale/Correspondent 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 DRIVE® Report – Data Verify or XXX® – XXX Solutions report as specified by guidelines. ; XX/XX/XXXX - Fraud report Missing.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Active

Third Party Valuation Product not Provided

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Profit and Loss Does Not Meet Guidelines

XX/XX/XXXX - SectionXXX of the XXX Wholesale/Correspondent Non-QM Guidelines dated XX/XX/XXXX states, "A YTD Profit and Loss Statement (P&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&L." Provide YTD Profit and Loss Statement and two business checking account statements for the two most recent months reflected on the P&L.; XX/XX/XXXX - Profit and Loss Does Not Meet Guidelines;

1220208199

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

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 Wholesale/Correspondent Non-QM Guidelines dated XX/XX/XXXX states, "Gap credit: A gap credit or Undisclosed Debt Monitoring report is required no more than XX days prior to loan closing or any time after closing. Any new debt must be included in determining the DTI ratio." Credit refresh report (page XX) 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;

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Consummation or Reimbursement Date Validation Test

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Reimbursement Amount Test

XX/XX/XXXX - This loan failed the reimbursement amount test. (XX CFR Â§XXX(f)(X)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under Â§XXX(e)(X)(i) or (ii), the creditor complies with Â§XXX(e)(X)(i) if the creditor refunds the excess to the consumer no later than XX days after consummation, and the creditor complies with Â§XXX(f)(X)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XX days after consummation.

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Charges That Cannot Increase Test

XX/XX/XXXX - This loan failed the charges that cannot increase test. (XX CFR Â§XXX(e)(X)(i))The loan contains charges that exceed the good faith determination according to Â§XXX(e)(X)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to Â§XXX(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under Â§XXX(e)(X)(i).

XX/XX/XXXX - A discount fee in the amount Of $XXXX was added to the final CD without evidence of a valid COC. ;

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXX(a)(X) )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 XXX 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Final Loan Application is Partial

XX/XX/XXXX - Final Loan Application to be corrected (pg XXX). Addresses and ownership to be corrected. XXXX reflects that borrower rents XXX Ave (XXX years); however, appears by docs in file that it was owned. Pg XXX is Settlement Stmt for sale of XXX 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 XXXX.
SectionXXX of XXX Non QM Seller Guide requires XX month housing history. After XXXX correction an LOE or VOR may be required to cover XX/XX/XXXX to subject closing XX/XX/XXXX.;

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Transmittal Summary is Partial

XX/XX/XXXX - Per SectionXXX of the guidelines a minimum of X years self employment must be documented. The VOE in the file only verifies X year. A lender exception was granted. Pg 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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Fraud Report Missing

XX/XX/XXXX - Fraud report Missing.;

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

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 $X.XM.;

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

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 (XXXXX) 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. ;

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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage APR Threshold Finding

XX/XX/XXXX - This loan has an APR that exceeds the threshold for a qualified mortgage. ( XX CFR Â§XXX(e)(X)(vi) )A qualified mortgage is a covered transaction for which, among other requirements, is not negatively amortizing and:The note amount for a first lien is greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR Â§XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount for a first lien on a manufactured home is less than $XXX, and its APR calculated per the requirements of XX CFR Â§XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount for a first lien a non-manufactured home is less than $XXX but greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR Â§XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount for a second lien is greater than or equal to $XXX, and its APR calculated per the requirements of XX CFR Â§XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus XXX%; orThe note amount on a first lien a non-manufactured home or a second lien is less than $XXX, and its APR calculated per the requirements of XX CFR Â§XXX(e)(X)(vi) does not exceed the APOR on the date the rate was set plus 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.

1220208310

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (XX CFR XXXXX(c)(X)).

XX/XX/XXXX - Evidence of Appraisal Delivery to the Borrower Not Provided.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

Borrower X has significant job time - Borrower has XXX years on job ; Borrower has more than X 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 ExceedsXXX years - Borrower Years On Job ExceedsXXX years

1220208433

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Evidence of Rate Lock Not Provided;

1220208433

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

1220208433

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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- Capital One auto, XXX,XXX,XXX,XXX. ;

1220208433

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Hazard Insurance Indicator is Partial

XX/XX/XXXX - Hazard insurance indicator is Partial. Closing PTF condition missing a paid reciept.;

1220208433

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

1220208490

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Title Policy is Missing

XX/XX/XXXX - Title policy is Missing, including missing property tax documentation as required per guidelines section XXX.;

1220208490

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Evidence of Rate Lock Not Provided;

1220208490

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Asset Documents are Incomplete

XX/XX/XXXX - Asset Documents are Incomplete: XXX Wholesale/Correspondent Non-QM Guidelines Section XXX states asset documentation should be comprised of X consecutive months and be dated within XX days of the note date. XXXBusiness Checking xXXXX bank statement provided for X/X/XX-X/XX/XX. Missing X month bank statement.;

1220208490

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Fraud Report Missing

XX/XX/XXXX - Fraud report is Missing. XXX Wholesale/Correspondent Non-QM Guidelines Section XXX require a fraud report including all parties to the transaction. The following reports are accepted: DRIVE Report (Data Verify) or XXX (XXX Solutions).;

1220208490

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Transmittal Summary is Partial

XX/XX/XXXX - The transmittal summary is Present; XX/XX/XXXX - XXX Wholesale/Correspondent 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.;

XX/XX/XXXX - The transmittal summary is Present

1220308605

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Rate lock not provided; XX/XX/XXXX - Evidence of Rate Lock Not Provided;

1220308605

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Fraud Report Missing

XX/XX/XXXX - Fraud report Missing.;

1220308605

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

Title Issues Present

XX/XX/XXXX - The following issues were noted: Supplemental taxes and subsequent delinquencies fo rthe fiscal year XXXX-XXXX assessed pursuant to chapter X.X commening with section XX of the califXXXornia revenue and taxation code (pg. XXX). Per Closing PTF conditions missing signed borrower contact consent form, XXX, and the condominium X.X or XXX endorsement. ; XX/XX/XXXX - Title shows addtl open taxes aside from taxes paid with provided document;

1220308605

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Hazard Insurance Coverage is Not Sufficient

XX/XX/XXXX - Hazard insurance coverage of XXX is not sufficient. The subject loan amount is XXXX with the hazard insurance replacement coverage of No and estimated replacement value of XXX.;

1220308605

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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;

2022000296

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Intent to Proceed is not Executed

XX/XX/XXXX - Intent to Proceed Execution is No;

2022000296

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

XX/XX/XXXX - The borrower income verification does not match approval. Guidelines section X.X indicate WMB will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted. ;

2022000392

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 WMB DSCR Guidelines, Section XX.X & XX.X 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.;

2022000392

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Intent to Proceed is Missing

XX/XX/XXXX - The intent to proceed is Missing;

2022000392

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

XX/XX/XXXX - The borrower income verification does not match approval - Guidelines section X.X indicate WMB will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted. ;

2022000399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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.

2022000399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

2022000399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage APR Threshold Finding

XX/XX/XXXX - The Qualified Mortgage APR Threshold has not been applied to this loan for one of the following reasons:The loan is a XXX. Pursuant to XX CFR Â§ XXX et seq., the qualified mortgage APR threshold finding does not apply to loans guaranteed or insured by Veterans Affairs; orThe loan is a FHA loan. The qualified mortgage APR threshold finding does not apply to extensions of credit made pursuant to a program administered by a Housing Finance Agency, as defined under XX CFR XXX; orThe user has chosen to audit loans against the legacy qualified mortgage DTI threshold during the amended qualified mortgage definition optional compliance period from XXX XXX, through XXX XXX. Please review your administrative XXXX Qualified Mortgage Rule Settings to change this selection.

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.

2022000399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage Interest Only Loan

XX/XX/XXXX - Interest Only Loan ( XX CFR Â§XXX(e)(X)(i)(B))This loan has interest only or graduated payment features.A qualified mortgage is a covered transaction that provides for regular periodic payments that are substantially equal, except for the effect that any interest rate change after consummation has on the payment in the case of an adjustable-rate or step-rate mortgage, that does not allow the consumer to defer repayment of principal.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

XX/XX/XXXX - The borrower income verification does not match approval. Guidelines Section X.X indicate WMB will validate rents via internet search; rental validation was not located in file. Please provide copy of internet search conducted.
;

2022000403

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000432

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000432

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2022000432

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXX(a)(X) )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 XXX 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

2022000452

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000452

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.
;

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.

2022000452

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Intent to Proceed is Missing

XX/XX/XXXX - Intent to Proceed required per WMB DSCR XX-XX-XX Program Matrix (pg X).
; XX/XX/XXXX - The intent to proceed is Missing;

2022000452

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

2022000456

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000456

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Intent to Proceed is Missing

XX/XX/XXXX - Intent to Proceed required per WMB DSCR XX-XX-XX Program Matrix (pg X).
; XX/XX/XXXX - The intent to proceed is Missing;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000456

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000456

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2022000467

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

2022000467

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022010659

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022010659

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2022010754

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Title Policty is Partial

XX/XX/XXXX - Title policy is Partial. * Pg XXX. Does not reflect BX (XXX) or proposed insured amount. ;

XX/XX/XXXX - Title policy is Present

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 X years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

2022010754

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022010754

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

2022010768

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification is less than XX months

XX/XX/XXXX - Change severity of 'Borrower Income Verification is less than XX months' from Material to Non-Material.; XX/XX/XXXX - NA no ratio DSCR program;

XX/XX/XXXX - Income Verification of XXXX is greater than XX months.

2022010768

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022010768

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

90000122224

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage Loan Term

XX/XX/XXXX - Loan Term. ( XX CFR Â§XXX(e)(X)(iii) )This loan has a loan term of XXX months which exceeds the XXX-month loan term limit for qualified mortgages.A qualified mortgage is a covered transaction for which the loan term does not exceedXXX years.

90000122224

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

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/XXXX - 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 XXX W2 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 Months or $XXXX, with guide minimum of 6.00 months or $XXXX, monthly residual income is $XXXX, 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 2 Assigned.

90000122224

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

90000122224

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

92010122284

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

92010122284

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXX(a)(X) )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 XXX 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Initial Loan Estimate Delivery Date Test (from application)

XX/XX/XXXX - This loan failed the initial loan estimate delivery date test (from application) due to one of the following: ( XX CFR Â§XXX(e)(X)(iii)(A) )The initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application.Therefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be $X, regardless of the actual values on the disclosure.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in Â§XXXX(a)(X) and as it relates to Â§XXX(e)(X)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.The creditor shall deliver or place in the mail the disclosures required under Â§XXX(e)(X)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's 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. **;

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Consummation or Reimbursement Date Validation Test

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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. **;

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Charges That In Total Cannot Increase More Than XX% Test

XX/XX/XXXX - This loan failed the charges that in total cannot increase more than XX% test. (XX CFR Â§XXX(e)(X)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to Â§XXX(e)(X)(ii). The final charges that in total cannot increase more than XX% ($XXXX) exceed the comparable charges ($XXX) by more than XX%. Please see the table that displays the Charges That Cannot Increase More Than XX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under Â§XXX(e)(X)(i) by more than XX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with Â§XXX(e)(X)(vi).

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. **;

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Reimbursement Amount Test

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage APR Threshold Finding

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Active

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX - Borrower is XX% owner of XXXs (pg XXX-XXX). XXX Non-QM Guides, dated XX/XX/XXXX, require XX% Ownership per Business Bank Stmts section (pg XX of guide). An approved Lender Exception (pg XXX) was provided, XX% ownership allowed. ;

92010122641

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Evidence of Rate Lock Not Provided

XX/XX/XXXX - Evidence of Rate Lock Not Provided;

92010123962

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 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 X 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 ExceedsXXX years - Borrower Years On Job ExceedsXXX years

92010123962

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXX(a)(X) )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 XXX 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 (XXX%) by XXX% 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 XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

XX/XX/XXXX - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller.
Higher-Priced Mortgages are permitted per lender guidelines, as long as borrower has an escrow account set up and a full appraisal was obtained. According to the documents, the loan meets there guidelines. Therefore, this is not a material issues.;

92010123962

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

92010125302

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

eSigned Documents Consent is Missing

XX/XX/XXXX - The eSigned documents consent is Missing.;

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 X years at current residence - Borrower at current residence XXX years

92010125302

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

Transmittal Summary is Partial

XX/XX/XXXX - X) The Forms sub-section of the Investor DSCR Program section of the XXX. 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 & Occupancy Affidavit signed at time of application.
X) The Evidence of Primary Residence sub-section of the DSCR- Credit Analysis 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 verify borrower’s primary residence is superior in value and/or appeal to subject property.;

92010125302

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

Borrower Liabilities Verification Indicator 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.
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.

90140100694

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

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. ;

XX/XX/XXXX - The Completion Certificate is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Is Completion Certificate in file is No' from Active to Open Rebuttal.&#xXD;
Received Appraisal Completion Report XXX, completed by original appraiser confirming all subject to conditions have been met, along with photos. Exception Resolved.

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 X years at current residence - Borrower at current residence XXX years

90140100694

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of 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 X years at current residence - Borrower at current residence XXX years

90140100694

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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. DRIVE 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/XXXX. Provide XX-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.;

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 X years at current residence - Borrower at current residence XXX years

90140100694

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

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 X years at current residence - Borrower at current residence XXX years

92010119631

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

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.;

XX/XX/XXXX - Appraisal guideline violation is now acceptable. Exception Resolved.; 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.

92010119631

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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. ;

XX/XX/XXXX - The transmittal summary is Present. Exception Resolved.; 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.

92010119631

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

92010120191

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XXX CFR Â§XXX(a)(XXX) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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.

92010120191

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

92010120191

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Higher-Priced Mortgage Loan Required Escrow Account Test

XX/XX/XXXX - This loan failed the higher-priced mortgage loan required escrow account test. ( XXX CFR Â§XXX(b) )This loan fails to collect reserves for either:The payment of homeowner's insurance and property taxes for properties that are not a condominium, high rise condominium, or planned unit development, orThe loan contains a custom fee with an associated attribute of "escrow or reserves" but the fee does not have a dollar value listed; orThe payment of property taxes for condominium, or high rise condominium, or planned unit development.Except as provided in XXX(b)(X) regarding exemptions, a creditor may not extend a higher-priced mortgage loan secured by a first lien on a consumer's principal dwelling unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance required by the creditor, such as insurance against loss of or damage to property, or against liability arising out of the ownership or use of the property, or insurance protecting the creditor against the consumer's default or other credit loss.Insurance premiums described in above need not be included in escrow accounts for loans secured by dwellings in condominiums, planned unit developments, or other common interest communities in which dwelling ownership requires participation in a governing association, where the governing association has an obligation to the dwelling owners to maintain a master policy insuring all dwellings.PLEASE NOTE:(X)This test does not consider whether the creditor complies with XXX CFR Â§XXX(b)(X)(iii) regarding properties that are located in counties designated as either "rural" or "underserved" by the Consumer Financial Protection Bureau.(X)This test does not account for instances when mortgage insurance reserves must be escrowed based on XXX CFR Â§XXX. See Higher-Priced Mortgage Loan Alert (below) for full escrow requirements.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 General Program Information section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX restricts LTV to XXX% maximum for primary residence transactions.;

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.

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage Interest Only Loan

XX/XX/XXXX - Interest Only Loan ( XXX CFR Â§XXX(e)(X)(i)(B))This loan has interest only or graduated payment features.A qualified mortgage is a covered transaction that provides for regular periodic payments that are substantially equal, except for the effect that any interest rate change after consummation has on the payment in the case of an adjustable-rate or step-rate mortgage, that does not allow the consumer to defer repayment of principal.

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Reimbursement Amount Test

XX/XX/XXXX - This loan failed the reimbursement amount test. (XXX CFR Â§XXX(f)(X)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under Â§XXX(e)(X)(i) or (ii), the creditor complies with Â§XXX(e)(X)(i) if the creditor refunds the excess to the consumer no later than XXX days after consummation, and the creditor complies with Â§XXX(f)(X)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XXX days after consummation.

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.;

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

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.;

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX - X) The Business Bank Statements section of the XXX. Flex Non-QM Guidelines dated XX/XX/XXXX states, "Verification within XX days of the note date that the business has a minimum XXX-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) The Business Bank Statements 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 XX business days of closing."
;

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 XXX Purchase Agreement. Unable to verify Seller names using signatures.;

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Qualified Mortgage Loan Term

XX/XX/XXXX - Loan Term. ( XXX CFR Â§XXX(e)(X)(iii) )This loan has a loan term of XXX months which exceeds the XXX-month loan term limit for qualified mortgages.A qualified mortgage is a covered transaction for which the loan term does not exceed XXX years.

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Charges That Cannot Increase Test

XX/XX/XXXX - This loan failed the charges that cannot increase test. (XXX CFR Â§XXX(e)(X)(i))The loan contains charges that exceed the good faith determination according to Â§XXX(e)(X)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to Â§XXX(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under Â§XXX(e)(X)(i).

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.;

92010123807

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.;

2021120016

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Fraud Report Missing

XX/XX/XXXX - No fraud report in file.;

XX/XX/XXXX - exception resolved. ; XX/XX/XXXX - Fraud report Present.; XX/XX/XXXX - Per ACRA guidelines XXX, all files must be reviewed for completeness and perform a compliance and fraud check. The file does not contain a fraud report.

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

2021120016

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

XX/XX/XXXX - exception resolved. ; XX/XX/XXXX - Hazard insurance coverage is sufficient.; 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.; 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.

2021120027

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

QM: Safe Harbor

XXX

Compliance

Cleared

Notice of Special Flood Hazards is Missing

XX/XX/XXXX - The notice of special flood hazards disclosure is Missing from the loan file. ;

XX/XX/XXXX - exception resolved; XX/XX/XXXX - The notice of special flood hazards is Not Applicable

2021120027

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

QM: Safe Harbor

XXX

Compliance

Cleared

Home loan Toolkit is Missing

XX/XX/XXXX - The home loan toolket is Missing;

XX/XX/XXXX - exception resolved.; XX/XX/XXXX - The home loan toolket received.

2021120027

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

QM: Safe Harbor

XXX

Credit

Cleared

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;

XX/XX/XXXX - exception resolved. ; XX/XX/XXXX - Fraud report Present.; XX/XX/XXXX - received fraud report; XX/XX/XXXX - Change status of 'Fraud Report Missing' from Active to Open Rebuttal.; XX/XX/XXXX - Per ACRA guidelines XXX, all files must be reviewed for completeness and perform a compliance and fraud check. This file does not contain a fraud report.

2021120027

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

QM: Safe Harbor

XXX

Compliance

Cleared

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.

2021120030

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Fraud Report Missing

XX/XX/XXXX - Per Acra guidelines XXX, 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.;

XX/XX/XXXX - Exception Resolved; XX/XX/XXXX - Fraud report Present.

121109138

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the XXX ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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.

121109138

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.;

121109138

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX - The loan meets all applicable credit guidelines.;

121119326

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Fraud Report Shows Uncleared Alerts

XX/XX/XXXX - The high alerts on the loanSafe 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.;

XX/XX/XXXX - Alerts from Fraud Report have been cleared. EXCEPTION RESOLVED; XX/XX/XXXX - Lender provided documentation to verify and address all high alerts.; XX/XX/XXXX - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.

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.

121119326

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

121119344

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Asset Documents are Incomplete

XX/XX/XXXX - Missing non-borrowing spouse access letter for XXX. XXX Other assets (pg XXX) guidelines states, Non borrowing spousal accounts allowable with a relationship letter. Account # XXX.;

XX/XX/XXXX - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.; XX/XX/XXXX - Lender provided Account Access letter.;

XX/XX/XXXX - EXCEPTION RESOLVED&#xXD;
; XX/XX/XXXX - Lender provided Account Access letter.; XX/XX/XXXX - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.

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.

121119461

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

121119461

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 XXXs 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.;

XX/XX/XXXX - Final Loan Application is Present; XX/XX/XXXX - Lender provided updated final applications for both borrowers with corrected marriage status.; XX/XX/XXXX - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.

121119461

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.
;

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.&#xXD;

121129510

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

121129510

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Fraud Report Shows Uncleared Alerts

XX/XX/XXXX - The alerts on the LoanSafe 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. ;

XX/XX/XXXX - Alerts from Fraud Report have been cleared. EXCEPTION RESOLVED; XX/XX/XXXX - Lender provided documentation to verify SSN and DOB. ; XX/XX/XXXX - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.

121129510

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

221109229

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXXd))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the XXX ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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.

221109229

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 as her employer.;

XX/XX/XXXX - cleared after discussion with XXX

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.

221109229

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

221109229

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

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.

221119264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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

221119264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Second Home

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

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.

221119301

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.
;

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.

221119301

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

221119443

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

XX/XX/XXXX - Alerts from Fraud Report have been cleared. EXCEPTION RESOLVED; XX/XX/XXXX - Lender provided documentation to verify and address fraud high alerts.; XX/XX/XXXX - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.

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.

221119443

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.; XX/XX/XXXX - Lender provided copy of XXX;

XX/XX/XXXX - EXCEPTION RESOLVED; XX/XX/XXXX - The transmittal summary is Present; XX/XX/XXXX - Lender provided copy of XXXX; XX/XX/XXXX - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

XX/XX/XXXX - cleared after discussion with VP of Transaction Management

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 WVOE 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 XXX WVOE completed and executed by XXX 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 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 '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 XXX. ;

XX/XX/XXXX - The borrower income verification does match approval. EXCEPTION RESOLVED; XX/XX/XXXX - Lender provided WVOE XXXX form completed, executed and verification lender recieved from the borrowers manager. ; XX/XX/XXXX - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.; 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 form XXX WVOE completed and executed by XXX, XXX 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

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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;

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 - EXCEPTION RESOLVED; XX/XX/XXXX - The fully executed purchase contract is Present; XX/XX/XXXX - Lender provided copy of executed ammendment.; XX/XX/XXXX - Change status of 'Fully Executed Purchase Contract is Partial' from Active to Open Rebuttal.

221129508

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222019703

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Home Loan; XX/XX/XXXX - Change status of 'Home Loan' from Active to Acknowledged by Client.;

222019703

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222019703

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

121119398

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.

121119398

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 XXX, the subject property is located in a prior XXX, 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.;

XX/XX/XXXX - Post disaster inspection confirms no property damage; XX/XX/XXXX - Appraisal completed after FEMA disaster. Appraisal pictures show no signs of damage and appraisal states property in good condition, occupied. Exception resolved; XX/XX/XXXX - XX/XX/XXXX - Property is located in a FEMA disaster area - XX/XX/XXXX According to FEMA.gov website, the declared disaster area has no expiration date noted on the website and the filing date for a claim is still active and does not expire until XX/XX/XXXX, therefore appraiser is required to comment that subject property was not impacted. Exception remains.; XX/XX/XXXX - Change status of 'Property is located in a FEMA disaster area' from Active to Open Rebuttal.

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.

121129498

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

121129498

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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 ;

221109231

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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

221109231

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

221109231

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Home Loan (XXX(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the XXX ($XXX); and The debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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;

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; XX/XX/XXXX - Home Loan (NY SB XXXX Section X, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Reimbursement Amount Test

XX/XX/XXXX - This loan failed the reimbursement amount test. (XXX CFR Â§XXX(f)(XXX)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX. Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under Â§XXX(e)(X)(i) or (ii), the creditor complies with Â§XXX(e)(XXX)(i) if the creditor refunds the excess to the consumer no later than XXX days after consummation, and the creditor complies with Â§XXX(f)(XXX)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XXX days after consummation.

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Lender Credits That Cannot Decrease Test

XX/XX/XXXX - This loan failed the lender credits that cannot decrease test. ( XXX CFR Â§XXX(e)(X)(i) )The loan contains charges that exceed the good faith determination according to Â§XXX(e)(X)(i). The final sum of specific and non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to Â§XXX(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under Â§XXX(e)(X)(i).

XX/XX/XXXX - Lender Credit Decreased without a valid COC;

XX/XX/XXXX - This loan passed the lender credits that cannot decrease test. ( XXX CFR §XXX(e)(X)(i) )The loan contains lender credits that do not exceed the good faith determination according to §XXX(e)(X)(i). The final sum of specific and non-specific lender credits ($XXX) exceeds or equals the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e)(X)(i).

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

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.;

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.; XX/XX/XXXX - Fraud report shows the following alerts that have not been cleared:

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Housing history does not meet guidelines

XX/XX/XXXX - VOR is missing from the file; XX/XX/XXXX - Housing history does not meet guidelines.;

XX/XX/XXXX - Housing history does not meet guidelines.

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - Borrower(s) have not met the minimum tradeline requirement per lender guidelines.

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.;

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.&#xXD;

221119424

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

222019717

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Fraud Report Shows Uncleared Alerts

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.;

XX/XX/XXXX - Alerts from Fraud Report have been cleared. Exception Resolved.; 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.; XX/XX/XXXX - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.

222019717

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

222019804

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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 - Acknowledged by Seller

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.

222019804

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Cleared

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). ;

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.;

XX/XX/XXXX - Changed status of "No Title Issues."; 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.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.

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.

222019804

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

222019804

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

322029940

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

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.;

XX/XX/XXXX - Evidence of Rate Lock Provided. ; XX/XX/XXXX - Documentation provided revealing the rete lock date. Exception resolved.; XX/XX/XXXX - Change status of 'Evidence of Rate Lock Not Provided' from Active to Open Rebuttal.

322029940

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

621129511

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

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 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

621129511

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

621129511

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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 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

622019757

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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

622019757

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

622019776

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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.

622019776

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.; XX/XX/XXXX - The exception 'No Credit Findings' is cleared.;

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.

121129587

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.&#xXD;
N/A

121129587

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX - Provide current State of XXX Department of State nail technician license for Borrower. License provided expired XX/XX/XXXX.;

XX/XX/XXXX - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.
Received State of XXX Department of State Division of Licensing Services to practice nail specialty effective date XX/XX/XXXX to XX/XX/XXXX.;

XX/XX/XXXX - The exception 'Borrower Employment Verification does not meet guidelines' is cleared. Exception Resolved.; XX/XX/XXXX - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.&#xXD;
Received State of XXX of State Division of Licensing Services to practice nail specialty effective date XX/XX/XXXX to XX/XX/XXXX.

121129587

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

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. SMB 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.;

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 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. SMB 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. SMB 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 $X,XXX.XX.; 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 XXX. ;

XX/XX/XXXX - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.&#xXD;
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. SMB 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 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 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.

121129587

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

121129587

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

122019846

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.&#xXD;
N/A

122019846

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

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. ;

XX/XX/XXXX - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.
Exception downgraded to a 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. SMB 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.;

XX/XX/XXXX - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.&#xXD;
Exception downgraded to a X. ; XX/XX/XXXX - Therefore origination documentation initially provided supports a Qualifying DTI below 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. SMB 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 XXXX or Form XXXX 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.; XX/XX/XXXX - Calculated DTI XXX% exceeds guideline maximum of XXX% due to exclusion of projected rental income. 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 XXX-month rental income via cancelled checks, deposit slips, or bank records. Lender incorrectly calculated DTI by utilizing rental income in the amount of $XXX on the subject property. Guidelines state rents must be separately documented on the XXX and must be separately supported by bank statement deposits. Lease agreement along with evidence of receipt of rental income are not in file. Additionally appraisal shows the second unit to be vacant. Therefore rental income income used by lender was not permitted by the guidelines to qualify the loan and were excluded from income/DTI calculations.

122019846

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

122019846

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

122019913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.&#xXD;
N/A

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.

122019913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Active

Home loan Toolkit is Missing

XX/XX/XXXX - The home loan toolket is Missing;

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.

122019913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

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.;

XX/XX/XXXX - The exception 'Borrower Employment Verification does not meet guidelines' is cleared. Exception Resolved.; XX/XX/XXXX - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.&#xXD;
Received executed operating agreement. Which meets lender guidelines.

122020092

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification is less than 12 months

XX/XX/XXXX - Income Verification of ___ is greater than XX months.;

122020092

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

122020092

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

XX/XX/XXXX - Change status of 'No Credit Findings' from Cleared to Rescind.&#xXD;
N/A; XX/XX/XXXX - The exception 'No Credit Findings' is cleared.

221109111

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.&#xXD;
N/A

221109111

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.;

XX/XX/XXXX - The right to cancel is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Right to Cancel is Missing' from Active to Open Rebuttal.&#xXD;
Received executed Notice of Right to Cancel.

221109111

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

221109111

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

221119240

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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.&#xXD;
N/A

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.

221119240

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 XXX review of the loan.;

XX/XX/XXXX - The transmittal summary is Present. No additional condition applied. Exception Resolved.; XX/XX/XXXX - Change status of 'Transmittal Summary is Missing' from Active to Open Rebuttal.&#xXD;
Received XXX Transmittal Summary and Underwriting Conditional Approval. Transmittal Summary and Conditional Approval match XXX review of the loan.; XX/XX/XXXX - Please provide XXX and lender loan approval; additional conditions may apply upoin review of same.

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.

221119240

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Cleared

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.;

XX/XX/XXXX - The exception 'Title Issues Present' is cleared. All judgements, tax liens and parking violations in name of borrower were satisfied and removed from the Final Policy. Exception Resolved.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.&#xXD;
Received final Title Policy.; XX/XX/XXXX - The following issues were noted: 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.

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.

221119240

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

221119240

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

221119313

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

XX/XX/XXXX - Home Loan (XXX(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.; 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.&#xXD;
N/A

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.

221119313

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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.

221119313

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

221119399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX - Provide documentation to verify HOA dues 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 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.
Received property details report for XXX.  ;

XX/XX/XXXX - Borrower liabilities verified indicator is Present. No evidence this property has a monthly HOA Dues payment. The property use is a single family dwelling. Exception Resolved.; XX/XX/XXXX - Change status of 'Borrower Liabilities Verification Indicator is Partial' from Active to Open Rebuttal.&#xXD;
Received property details report for XXX.

221119399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 XXX or $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.;

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 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. ;

XX/XX/XXXX - The liquid reserves of XXX months or $XXX, is greater than or equal to the Guidelines minimum required of XXX or $XXX. Exception Resolved.; 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. ; XX/XX/XXXX - Required liquid reserves in the amount of $XXX; actual verified reserves $XXX.

221119399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.;

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 permitted for use for down payment, closing costs and reserves.;

XX/XX/XXXX - Sufficient cash to close is documented. Exception Resolved.; 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.

221119399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 XXX month rental payment. Therefore, qualifying total income calculated at $XXX (base salary and rental income from XXX) and total debt $XXX (subject PITI and rental loss of -$XXX for property XXX). Provide lease agreement and XXX month rental payment to meet lender guidelines.;

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-$XXX vs $XXX). Exception downgraded to a XXX. ; 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 XXX-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 XXX-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 XXX-month extension, not the first XXX-month post-closing possession. Therefore, the seller is not paying a monthly payment during the first X 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 'Qualifying DTI exceeds Guideline Maximum Allowable' from Open Rebuttal to Acknowledged by Client.&#xXD;
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-$XXX vs $XXX). Exception downgraded to a XXX. ; XX/XX/XXXX  - A Purchase transaction: subject property XXX Unit dwelling investment – vesting in an entity XXX, both units to be tenant occupied. Currently, the units are noted to be occupied by the seller, according to the Contract of Sale item XX for a year after closing.”  SMB Guidelines are silent regarding vacancy and/or utilization of projected rental income on an investment purchase. However, the 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 XXXX or Form XXXX may be used”. The current market rents indicated in Operating Income Statement Schedule of Form XXX appraisal was $XXX, but the Contract of Sale states the monthly rental payment is $XXX for the first XXX months and increases to $XXX for the next XXX months.  Therefore, a $XXX monthly rent amount is being used to calculate rental income because it is the lessor of the Operating Income Statement and Contract of Sale, applying a XXX% vacancy loss factor with a net total of $XXX, to offset the subject PITIA. However, the lender used the $XXX monthly rent to offset the subject PITIA, but using the conservative amount, calculates the total subject PITIA at $XXX, a rental loss of $XXX for XXX., with a total income verified at $XXX from wages and rental income from XXX Dinsmore, for a total calculated DTI of XXX%, which exceed max DTI by XXX%. Exception Remains.; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.&#xXD;
Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.  Received duplicate copy of Operating Agreement, XXX for XXX and a duplicate copy of purchase contract.  The Purchase Contract states the Seller is granted X months of post-closing possession to vacate the home.  Additionally, Seller may exercise a XXX-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 XXX-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 XXX-month extension if needed.  However, item #XX on contract states the Seller shall pay the purchaser $XXX per month during the XXX-month extension, not the first XXX-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  - Calculated  DTI of XXX% exceeds guideline maximum of XXX% due to exclusion of projected rental income in the amount of $XXX for second units 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 noted on XXX and XXX however a Lease agreement and evidence of receipt of rental income are not in file. Additionally appraisal  indicates an existing tenant resides at the property with no lease in place or indication that an assigment of lease was agreed upon at closing..  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.&#xXD;

221119399

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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. ;

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 LLC 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 LLC 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 '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 - Asset Documentation are present. Exception Resolved.; 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. 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.

221119416

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Change status of 'Home Loan' from Active to Acknowledged by Client.
Acknowledged;

221119416

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

221119416

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

221129514

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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. ;

XX/XX/XXXX - Hazard insurance indicator is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.&#xXD;
Received HOI Policy with policy number.

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.

221129514

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

221129514

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

221129604

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

221129604

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

221129687

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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.&#xXD;
N/A

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 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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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 stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years

222019712

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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;

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.&#xXD;
N/A

222019712

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222019712

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222019713

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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.&#xXD;
N/A

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.

222019713

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.
;

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.

222019713

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.; XX/XX/XXXX - Change status of 'No Credit Findings' from Cleared to Rescind.&#xXD;
N/A; XX/XX/XXXX - The exception 'No Credit Findings' is cleared.

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.

222019733

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); and The debt is incurred by the borrower primarily for personal, family, or household purposes; and The loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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;

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.&#xXD;
N/A

222019733

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222019733

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222019787

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

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.;

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.&#xXD;
N/A

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.

222019787

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Cleared

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 UCC filing: (Section XXX indicates no lien will be filed but company can file a UCC for ownership purposes.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.
Received copy of the original XXX agreement between XXX and the orignal lessor (the Seller). The XXX 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 agreed to said assignment to purchaser. Furthermore, no confirmation that the current monthly payment remained the same and there is no evidence that a UCC 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 Rider Section AA. indicates a XXX between seller and buyer to be assumed. No proof in file was provided that indicates the lease agreement was reviewed by SMB 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 UCC 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 Solar 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 SMB per guideline requirements or that the solar 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 UCC cancellation and refiling took place. Please reference section 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 - 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 UCC filing: (Section XXX indicates no lien will be filed but company can file a UCC for ownership purposes.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.&#xXD;
Received copy of the original XXX 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 solar 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 UCC cancellation and refiling took place. Please reference 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 Rider 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 SMB or that the solar 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 UCC cancellation and refiling took place. DTI may be subject to recalculation based on confirmation of current payment.

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.

222019787

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

XX/XX/XXXX - Hazard insurance coverage is sufficient. Appraisal reflects total estimate of Cost-New of $XXX, which is sufficient coverage.

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.

222019787

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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.

222019787

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

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.

222019902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Active

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;

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

222019902

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222029961

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Home Loan (XXX Section X, X(d))
The loan is not a home loan, as defined in the legislation, due to all of the following findings: The principal amount of the loan exceeds the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); or The debt is not incurred by the borrower primarily for personal, family, or household purposes; or The loan is not secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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;

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.&#xXD;
N/A

222029961

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222029961

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

321119427

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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, ;

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.;

XX/XX/XXXX - The home loan toolket is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Home Loan Toolkit is Partial' from Active to Open Rebuttal.&#xXD;
Received Acknowledgement of receipt of Home Loan Toolkit, acknowledged by the borrower on XX/XX/XXXX.

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.

321119427

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

XX/XX/XXXX - Change status of 'No Compliance Findings' from Cleared to Rescind.&#xXD;
N/A; XX/XX/XXXX - The exception 'No Compliance Findings' is cleared.

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.

321119427

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

522030172

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

522030172

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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

522030172

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 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

122020101

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings: The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); and The debt is incurred by the borrower primarily for personal, family, or household purposes; and The loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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.

122020101

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.;

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.

122020101

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

122030139

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Subprime Home Loan

XX/XX/XXXX - Subprime Home Loan (XXX Section X, X(c))
The loan is a subprime home loan, as defined in the legislation, due to all of the following findings:The home is a "home loan," as defined in the legislation; and The home loan exceeds the subprime home loan APR threshold.

122030139

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

XXX Banking Law X-m Subprime Home Loan APR Threshold

XX/XX/XXXX - This loan exceeded the subprime home loan APR threshold. ( XXX Section X, X(c) , XXXX X(c) , XXX Â§XX(b))For loans with a closing date (or date creditor received application if no closing date provided) before XX/XX/XXXX, the fully indexed APR XXX% exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the XXX region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week when the lender receives a completed application (XXX%).For loans with a closing date (or date creditor received application if no closing date provided) on or after XX/XX/XXXX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE or loan estimate (XXX%).For FHA-insured loans with a date creditor received application on or after XX/XX/XXXX and before XX/XX/XXXX (excluding home improvement loans), the loan exceeds one of the following:Using MIP values as they existed prior to FHA Mortgagee Letter XXXX-XX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the XXX region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE (XXX%); or Using MIP values as promulgated under FHA Mortgagee Letter XXX, the greater of the initial interest rate (XXX%), or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the XXX region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE (XXX%).For FHA-insured loans with a date creditor received application on or after XX/XX/XXXX (excluding home improvement loans), Using MIP values as promulgated under FHA Mortgagee Letter XXX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE or loan estimate (XXX%).

122030139

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

122030139

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

122030139

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings: The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); and The debt is incurred by the borrower primarily for personal, family, or household purposes; and The loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

XXX X-m Subprime Home Loan APR Threshold

XX/XX/XXXX - This loan exceeded the subprime home loan APR threshold. ( XXX Section X, X(c) , XXXX X(c) , NY Banking Law X-m Â§XX(b))For loans with a closing date (or date creditor received application if no closing date provided) before XX/XX/XXXX, the fully indexed APR XXX% exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the NE region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week when the lender receives a completed application (XXX%).For loans with a closing date (or date creditor received application if no closing date provided) on or after XX/XX/XXXX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE or loan estimate (XXX%).For FHA-insured loans with a date creditor received application on or after XX/XX/XXXX and before XX/XX/XXXX (excluding home improvement loans), the loan exceeds one of the following: Using MIP values as they existed prior to FHA Mortgagee Letter XXX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the XXX region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE (XXX%); orUsing MIP values as promulgated under FHA Mortgagee Letter XXX, the greater of the initial interest rate (XXX%), or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans in the XXX region with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE (XXX%).For FHA-insured loans with a date creditor received application on or after XX/XX/XXXX (excluding home improvement loans), Using MIP values as promulgated under FHA Mortgagee Letter XXX, the greater of the initial interest rate (XXX%) or the fully-indexed rate (XXX%) exceeds by more than XXX% for a Xst lien loan, or by more than XXX% for a Xnd lien loan, the average commitment rate for loans with a comparable duration as published by XXX in its weekly primary mortgage market survey as posted in the week prior to the week in which the lender provides the GFE or loan estimate (XXX%).

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Subprime Home Loan

XX/XX/XXXX - Subprime Home Loan (XXX Section X, X(c))
The loan is a subprime home loan, as defined in the legislation, due to all of the following findings: The home is a "home loan," as defined in the legislation; and The home loan exceeds the subprime home loan APR threshold.

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

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.

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

221129603

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222019784

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 XXX of the Real Estate Sales Contract.;

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.;

XX/XX/XXXX - The fully executed purchase contract is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Fully Executed Purchase Contract is Partial' from Active to Open Rebuttal.&#xXD;
Received executed copy of the Lead Based Paint Disclosure.

222019784

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Final Loan Application is Partial

XX/XX/XXXX - Missing pages XXX.; XX/XX/XXXX - Final Loan Application is Partial;

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 - Final Loan Application is Present. Exception Resolved.; XX/XX/XXXX - Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.&#xXD;
Received all XXX pages of the final XXX.

222019784

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222019784

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222019784

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Asset Documents are Incomplete

XX/XX/XXXX - Asset Documents are Incomplete: Section XXX of the XXX guidelines dated XX/XX/XXXX states, "EMD 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 EMD account belongs to borrower. The bank statements are not limited to the month of EMD withdrawal." Copy of EMD check provided is endorsed but not cancelled. Please provide either a copy of the cancelled EMD check or a bank statement confirming the EMD account belongs to borrower.;

XX/XX/XXXX - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
Received EMD cancelled check for $XXX confirming funds were paid from borrowers own account, which meets SMB Guidelines.;

XX/XX/XXXX - The exception 'Asset Documents are Incomplete' is cleared. Exception Resolved.; XX/XX/XXXX - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.&#xXD;
Received EMD cancelled check for $XXX confirming funds were paid from borrowers own account, which meets SMB Guidelines.

222019786

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 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 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.;

XX/XX/XXXX - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.&#xXD;
Received an internet search for 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.; XX/XX/XXXX - XXX require "an internet search of the business to support existence of the business". Please provide the internet search conducted, required by guidelines, for business XXX.

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 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

222019786

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 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 noted on XXX and final loan application, but evidence of a lease agreement and recent XXX rental income is not in file. Further, SMB Elite 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 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.&#xXD;
.; XX/XX/XXXX  - Therefore origination documentation initially provided supports a Qualifying DTI below XXX%.  Exception downgraded to a XXX with the following compensating factors; FICO of XXX is greater than the guide minimum of XXX, LTV of XXX% with guide maximum of XXX%, Residual Income of over $XXX and borrower has XXX years on job.&#xXD;
; XX/XX/XXXX  - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.  The projected rent for the subject property purchase investment was excluded, becasue SMB 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.

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 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

222019786

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

222020051

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 XXX: 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.;

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

222020051

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years

222020122

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years

222020122

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Cleared

External Obsolescense Present Indicator is Yes

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. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years

222020122

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of 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

222020122

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

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.;

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. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years

222020124

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222020124

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 SMB 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.;

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.&#xXD;
Received SMB 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.

222020124

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

222029934

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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;

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.&#xXD;
N/A

222029934

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222029934

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222029946

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222029946

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

222029946

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

222029946

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

222029952

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

222029952

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Borrower Income Verification does not match Approval

XX/XX/XXXX The XXX 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 #XXX.;

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 XXX statement and adding XX/XX/XXXX bank statement, which changed the qualifying income from $XXX per month to $XXX per month. ;

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.&#xXD;
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/XXX bank statement, which changed the qualifying income from $XXX per month to $XXX per month.

222029952

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 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 dated XX/XX/XXXX do not address the use of projected rental income for the subject property of a purchase transaction

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 SMB Guidelines are ailent regarding vacancy and/or utlization of projected rental income on an investment property. However, client has advised to defer to Section XXX which states that “if a property is not currently rented, lease agreements are not required, and Form XXX or Form XXXX 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 - Therefore origination documentation initially provided supports a Qualifying DTI below XXX%. Exception downgraded to a XXX with the following compensating factors; FICO of XXX is greater than the guide minimum of XXX, LTV of XXX% with guide maximum of XXX%, and Residual Income of over $XXX. Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Open Rebuttal to Acknowledged by Client.; 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 SMB 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.

222030131

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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.

222030131

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 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.

222030131

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

222030133

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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 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.

222030156

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX - Section XXX of the XXX 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. SMB 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.;

XX/XX/XXXX - Change status of 'Borrower Employment Verification does not meet guidelines' from Active to Open Rebuttal.&#xXD;
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. SMB 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.

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 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.

222030156

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

621129650

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Home Loan

XX/XX/XXXX - Home Loan (XXX, XXX, X(d))

The loan is a home loan, as defined in the legislation, due to all of the following findings:The principal amount of the loan does not exceed the conforming loan size limit for a comparable dwelling as established from time to time by the Federal National Mortgage Association ($XXX); andThe debt is incurred by the borrower primarily for personal, family, or household purposes; andThe loan is secured by a mortgage or deed of trust on real estate upon which there is located or there is to be located a structure or structures intended principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.

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.

621129650

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of 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.

621129650

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

2021001971

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2021001971

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2021002067

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 "RentOmeter Pro," 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 - 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.&#xXD;
Received internet search for rental validation "RentOmeter Pro," which meets lender guidelines.; 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.

2021002067

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2021002067

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2022000038

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.&#xXD;
Received internet search for rental validation "RentOmeter Pro," which meets lender guidelines.; 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.

2022000038

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

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.;

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.;

XX/XX/XXXX - Purpose of cash out determined as Business. The LOE states borrower is using the cash-out for another purchase of an investment property, which confirms this is a business purpose transaction and is permitted per lender guidelines. The combination of the LOE provided and Occupancy Certification in original loan file meet lender guidelines for a DSCR cash-out. Exception Resolved.; 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.&#xXD;
Received LOE as evidence of cash-out purpose.

2022000038

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

XX/XX/XXXX - Change status of 'No Compliance Findings' from Cleared to Rescind.&#xXD;
N/A; XX/XX/XXXX - The exception 'No Compliance Findings' is cleared.

2022000038

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

XX/XX/XXXX  - Change status of 'No Credit Findings' from Cleared to Rescind.&#xXD;
N/A; XX/XX/XXXX  - Change status of 'No Credit Findings' from Cleared to Rescind.&#xXD;
Rescinding for now because there is one credit exception. This can be re-actived once credit exceptions are clear.; XX/XX/XXXX  - The exception 'No Credit Findings' is cleared.

2022000103

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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.;

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. ;

XX/XX/XXXX - The LOE explains the reasoning of use of whiteout in section XXX of the Verification of Employment and the Verification of Employed dated XX/XX/XXXX provided the year-to-date income, paid through XX/XX/XXXX and confirms the qualifying income as $XXX per month. Exception Resolved.; XX/XX/XXXX - The borrower income verification does match approval; XX/XX/XXXX - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.&#xXD;
Received LOE and a Verification of Employment dated XX/XX/XXXX.

2022000103

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000103

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2022000134

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000134

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2022000166

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

XX/XX/XXXX - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller.
N/A;

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.

2022000166

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

2022000166

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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.;

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.&#xXD;
Exception is an informational. The lenders compliance documents reflect loan was closed as a HPML.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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. ;

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 - The borrower income verification does match approval. The Verification of Employment provided reflects the correct paid through date and validates the qualifying income of $XXX per month. Exception Resolved.; XX/XX/XXXX - Change status of 'Borrower Income Verification does not match Approval' from Active to Open Rebuttal.&#xXD;
Received a Verification of Employment dated XX/XX/XXXX.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Qualifying DTI exceeds Guideline Maximum Allowable

XX/XX/XXXX - Qualifying DTI of XXX exceeds guideline maximum of XXX.;

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 - Documentation provided to support Qualifying DTI below XXX. Exception Resolved.; XX/XX/XXXX - Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.&#xXD;
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.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

2022000175

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Acknowledged

Asset Documents are Incomplete

XX/XX/XXXX - Asset Documents are Incomplete:; XX/XX/XXXX - Provide additional, consecutive monthly statement for XXX account ending #XXX and XXX account ending #XXX. Section XXX of the XXX Portfolio (ATR) guidelines dated XX/XX/XXXX require two monthly bank statements for asset verification.;

XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.
Received snip it of WMB Portfolio ATR of  Section XXX 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 and XXX #XXX with compensating factors FICO is XXX and credit depth - XXX accounts with over XXX month history. ;

XX/XX/XXXX  - Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Open Rebuttal to Acknowledged by Seller.&#xXD;
Signed Exception letter provided.  Lender granted an exception for additional XXX mo. bank statement for #XXX and #XXX with compensating factors FICO is XXX and credit depth XXX accounts with over XXX month history. ; XX/XX/XXXX  - Received duplicate section of lender guidelines regarding the XXX assets, which does not clear exception because of the conflicting information reflected in Section XXX.  Exception Remains.; XX/XX/XXXX  - According to XXX Portfolio ATR of Section XXX does reflecting XXX days asset seasoning.  However, accoridng to section XXX Eligible Assets, conflicting information for a Depository balance must be verified using either a VOD or XXX months bank statements.  Additionally Investment balance must be verified using a VOD or statements covering a minimum of XXX months.  Exception Remains.; XX/XX/XXXX  - Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.&#xXD;
Received snip it of XXX Portfolio ATR of  Section XXX Asset stating Asset Seasoning: minimum of XXX days asset verification required.

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

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 "RentOmeter Pro," 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.;

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.&#xXD;
Received internet search for rental validation "RentOmeter Pro," which meets lender guidelines.; 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.

2022000299

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000299

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - The loan meets all applicable credit guidelines.

2022000300

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 "RentOmeter Pro," 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.;

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.&#xXD;
Received internet search for rental validation "RentOmeter Pro," which meets lender guidelines.; 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.

2022000300

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Originator NMLS is Not Active

XX/XX/XXXX - The originator NMLS status is Active;

2022000300

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2022000300

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

XX/XX/XXXX - The exception 'No Credit Findings' is cleared.

2022000311

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Acknowledged

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. ;

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 Open Rebuttal to Acknowledged by Seller.&#xXD;
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 status of 'Intent to Proceed is Missing' from Active to Open Rebuttal.&#xXD;
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

2022000311

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2021001519

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2021001519

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Rate Term Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2021001608

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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;

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.;

XX/XX/XXXX - Exception Resolved.; XX/XX/XXXX - The fully executed purchase contract is Present; 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.; XX/XX/XXXX - Provide Buyer's Inspection Advisory listed as Addendum in Section X of purchase agreement.; XX/XX/XXXX - The fully executed purchase contract is Partial

2021001608

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

Housing history does not meet guidelines

XX/XX/XXXX - Housing history does not meet guidelines. Provide updated mortgage rating for XXX.

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 #XXX. XX/XX/XXXX pmt in file (pg XXX). XXX updated from last pmt (XX/XX/XXXX) made on credit report.;

XX/XX/XXXX - Housing delinquency meets guidelines. Exception Resolved.; XX/XX/XXXX - Lender provided proof of XX/XX/XXXX pmt for XXX #XXX. history updated from last pmt (XX/XX/XXXX) made on credit report.; XX/XX/XXXX - Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.

2021001608

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

2021001608

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

2021001802

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2021001802

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

2021001907

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Hazard Insurance Indicator is Partial

XX/XX/XXXX - Hazard insurance indicator is Partial. * HI (pg XXX). Incorrect expiration date. Effective and Expiration are both XX/XX/XXXX.;

XX/XX/XXXX - Lender provided updated HOI Dec page with corrected dates. ; XX/XX/XXXX - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.;

XX/XX/XXXX - Hazard insurance indicator is Present. Exception Resolved.; XX/XX/XXXX - Lender provided updated HOI Dec page with corrected dates. ; XX/XX/XXXX - Change status of 'Hazard Insurance Indicator is Partial' from Active to Open Rebuttal.

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.

2021001907

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Property

Cleared

Title Issues Present

XX/XX/XXXX - The following issues were noted:Lender to provide final title for review to verify judgment lien item# (XXX 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.;

XX/XX/XXXX - Exception Resolved.; XX/XX/XXXX - Lender provided updated title.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.

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.

2021001907

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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

2021001907

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

30010109917

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

30010109917

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

110040325

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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.;

XX/XX/XXXX - Lender provided approved FICO exception for XXX score at XXX% LTV.; XX/XX/XXXX - Change status of 'Underwriting FICO does not meet Guideline Minimum Required' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Underwriting FICO does not meet Guideline Minimum Required' from Material to Non-Material.

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

110040325

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

110040325

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - The exception 'No Credit Findings' is cleared.; XX/XX/XXXX - The loan meets all applicable credit guidelines.

110044071

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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.

XX/XX/XXXX - Change status of 'Note Document Indicator is Partial' from Active to Open Rebuttal.; XX/XX/XXXX - Note is present;

XX/XX/XXXX - Note document indicator is Present; XX/XX/XXXX - Note is present; XX/XX/XXXX - Change status of 'Note Document Indicator is Partial' from Active to Open Rebuttal.

110044071

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

Security Instrument Indicator is Partial

XX/XX/XXXX - The security instrument indicator is Partial - image in file incomplete- missing page one (XXXX) 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;

XX/XX/XXXX - The security instrument indicator is Present; XX/XX/XXXX - DOT is present; XX/XX/XXXX - Change status of 'Security Instrument Indicator is Partial' from Active to Open Rebuttal.

110044071

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

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.;

XX/XX/XXXX - Exception Resolved.; XX/XX/XXXX - Lender provided updated title $XXX and judgment removed from Sch B.; XX/XX/XXXX - Lender provided prelim title with adequate loan amount coverage and judgment removed from exceptions.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.

110044071

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

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 - Qualifying DSCR of XXX meets guideline requirement.

110044073

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

Title Issues Present

XX/XX/XXXX - The following issues were noted: title prelims in file show municipal lien IAO $XXX in favor 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 with an unreleased Court of Common Pleas IAO $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.;

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 - Exception Resolved.; XX/XX/XXXX - Lender provided Final Title.; XX/XX/XXXX - Lender provided Final Title with Tax Lien removed.; XX/XX/XXXX - Change status of 'Title Issues Present' from Active to Open Rebuttal.; XX/XX/XXXX - RE State tax lien IAO $XXX- delete this as XXX Dept of Revenue provided authority to satisfy letter.

110044073

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Credit

Acknowledged

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 XXXX is less than guideline minimum requirement of XXX.;

XX/XX/XXXX - Lender granted exception to use lease rents vs XXX rents for DSCR.; XX/XX/XXXX - Change status of 'DSCR is less than guideline minimum' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'DSCR is less than guideline minimum' from Material to Non-Material.

110044073

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Property

Cleared

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.;

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.;

XX/XX/XXXX - Third Party Valuation Product Provided. 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.

110044073

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

CashOut Refinance

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

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.;

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.&#xXD;

110046533

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

110046533

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Investment Property

ATR/QM: Exempt

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

110048264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( XX CFR Â§XXXXX(a)(X) )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/XXXX, 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% 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 XXX and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by XXX% or more.

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.

110048264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

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 - The borrower income verification does match approval. Exception resolved.; XX/XX/XXXX - Change status of 'Borrower Income Verification does not match Approval' from Acknowledged by Client to Open Rebuttal.; 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 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.

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.

110048264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Fraud Report Shows Uncleared Alerts

XX/XX/XXXX - Fraud report shows the following alerts that have not been cleared: XXX.;

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.;

XX/XX/XXXX - Alerts from Fraud Report have been cleared. Exception resolved.; XX/XX/XXXX - Lender provided updated Fraud Report with clear for the high alert.; XX/XX/XXXX - Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.

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.

110048264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

No Compliance Findings

XX/XX/XXXX - The loan is in compliance with all applicable laws and regulations.
;

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.

110048264

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

No Credit Findings

XX/XX/XXXX - The loan meets all applicable credit guidelines.;

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.

92010124913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Credit

Cleared

Title Policy is Partial

XX/XX/XXXX - Change status of 'Title Policy is Partial' from Active to Open Rebuttal.
Received an LOE from lender stating the final Title Policy not yet available. However, the supplmental report provided reflecting the correct proposed insured amount and Grant Deed. ; XX/XX/XXXX - Title policy is Present; XX/XX/XXXX - Title policy is Partial - Preliminary Title does not reflect Proposed Insured and Policy Amount. Provide Final title policy with correct vesting and policy amount.;

XX/XX/XXXX - Title policy is Present; XX/XX/XXXX - Change status of 'Title Policy is Partial' from Active to Open Rebuttal.
Received an LOE from lender stating the final Title Policy not yet available. However, the supplmental report provided reflecting the correct proposed insured amount and Grant Deed. ; XX/XX/XXXX - Title policy is Partial - Preliminary Title does not reflect Proposed Insured and Policy Amount. Provide Final title policy with correct vesting and policy amount.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XXX months or $XXXX are greater than the Guideline Minimum of 3.00 or $XXXX. ; Borrower has more than XX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

92010124913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Acknowledged

Higher-Priced Mortgage Loan

XX/XX/XXXX - Higher-Priced Mortgage Loan ( 12 CFR Â§1026.35(a)(1) )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 June 1, 2013, 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 (XX%) by 1.5% 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 (XX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XX%) by 3.5% or more.

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.
Higher-Priced Mortgages are permitted per lender guidelines, as long as borrower has an escrow account set up and a full appraisal was obtained. According to the documents, the loan meets there guidelines. ;

XX/XX/XXXX - Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Seller.
Higher-Priced Mortgages are permitted per lender guidelines, as long as borrower has an escrow account set up and a full appraisal was obtained. According to the documents, the loan meets there guidelines.

92010124913

XXXXX

XXX

XXXXX

XXX

XX/XX/XXXX

$XXXXXX

Purchase

Owner occupied

Non-QM: Lender documented all ATR UW factors

XXX

Compliance

Cleared

Initial Closing Disclosure Delivery Date Test

XX/XX/XXXX - This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR Â§1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph Â§1026.19(f)(1)(i) no later than three business days before consummation.

XX/XX/XXXX - The loan file only contains the final CD dated XX/XX/XXXX, the initial CD is missing and any other CD's after the initial, but before the final, if issued to borrower. Further, if any fees were changed or added a valid change of circumstance also required.;

XX/XX/XXXX - Change status of 'Initial Closing Disclosure Delivery Date Test' from Active to Open Rebuttal. Received initial Closing Disclosure issued on XX/XX/XXXX.;

06/14/2022 - This loan passed the initial closing disclosure delivery date test.( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is not less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is not less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is not less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.The creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation.; 06/14/2022 - Change status of 'Initial Closing Disclosure Delivery Date Test' from Active to Open Rebuttal. Received initial Closing Disclosure issued on 04/08/2022.