Exhibit 99.12
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 1923662 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1506 | 2024-08-27 20:26 | 2024-09-17 15:27 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a XXXX Purpose loan. - Due Diligence Vendor-09/17/2024 Ready for Review-Document Uploaded. Bank statement for XXXX dated XXXX has been uploaded, please clear condition. - Seller-09/16/2024 Counter-Statement for XXXX and XXXX provided. Re-reviewed the uploaded file and was not able to find a Statement for XXXX for account XXXX. Finding remains. - Due Diligence Vendor-09/04/2024 Ready for Review-Document Uploaded. I pulled a copy of pages XXXX and uploaded it again, the date on the document is XXXX. Please clear condition. - Seller-09/03/2024 Counter-The XXXX Statement in file is from XXXX. We are missing the XXXX XXXX Statement. - Due Diligence Vendor-08/30/2024 Ready for Review-XXXX statement is the loan docs, pages 1141 through 1149. Please clear condition. - Seller-08/29/2024 Counter-It appears we are missing the XXXX statement. - Due Diligence Vendor-08/29/2024 Ready for Review-All 12 months of XXXX bank statements account XXXX from XXXX through XXXX are in the file, please clear condition. - Seller-08/28/2024 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing bank statement needed for income calculation. - Due Diligence Vendor-08/28/2024 |
Ready for Review-Document Uploaded. Bank statement for XXXX dated XXXX has been uploaded, please clear condition. - Seller-09/16/2024 Ready for Review-Document Uploaded. I pulled a copy of pages 141-1149 and uploaded it again, the date on the document is XXXX. Please clear condition. - Seller-09/03/2024 Ready for Review-XXXX statement is the loan docs, pages 1141 through 1149. Please clear condition. - Seller-08/29/2024 Ready for Review-All 12 months of XXXX bank statements account XXXX from XXXX through XXXX are in the file, please clear condition. - Seller-08/28/2024 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a XXXX Purpose loan. - Due Diligence Vendor-09/17/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 12.33% below maximum allowed LTV is less than guideline maximum - LTV 75% is less than guideline maximum |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2265339 | |
| XXXX | 1923662 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0044 | 2024-08-27 17:49 | 2024-08-29 16:47 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-LOX for credit inquiries is present in file or not applicable. N/A Broker inquiries. - Due Diligence Vendor-08/29/2024 Ready for Review-This inquiries were done by the broker, no LOX needed for this one. Please clear condition. - Seller-08/28/2024 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-08/27/2024 |
Ready for Review-This inquiries were done by the broker, no LOX needed for this one. Please clear condition. - Seller-08/28/2024 |
Resolved-LOX for credit inquiries is present in file or not applicable. N/A Broker inquiries. - Due Diligence Vendor-08/29/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 12.33% below maximum allowed LTV is less than guideline maximum - LTV 75% is less than guideline maximum |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2264904 | ||
| XXXX | 1923662 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE6763 | 2024-08-27 20:10 | 2024-08-29 16:45 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income documentation does not meet guidelines | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-08/29/2024 Ready for Review-Document Uploaded. Uploaded the exception for the multiple NFS on the June statement, please clear condition. - Seller-08/28/2024 Open- Excessive Overdraft /NSF's, 13 in total with XXXX. - Due Diligence Vendor-08/28/2024 |
Ready for Review-Document Uploaded. Uploaded the exception for the multiple NFS on the XXXX statement, please clear condition. - Seller-08/28/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-08/29/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 12.33% below maximum allowed LTV is less than guideline maximum - LTV 75% is less than guideline maximum |
75% LTV < 80% maximum allowed 12.32% DTI < 50% maximum allowed. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | N/A | 2265322 |
| XXXX | 1923658 | XXXX | D | A | D | A | A | A | C | A | Closed | FPRO0011 | 2024-09-27 14:11 | 2024-10-07 08:42 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Post Disaster Inspection provided. Free and clear of damage. - Due Diligence Vendor-10/07/2024 Ready for Review-Document Uploaded. please find PDI for review. - Seller-10/04/2024 Open-XXXX Incident Period: XXXX Major Disaster Declaration declared on XXXX - Due Diligence Vendor-09/27/2024 |
Ready for Review-Document Uploaded. please find PDI for review. - Seller-10/04/2024 |
Resolved-Post Disaster Inspection provided. Free and clear of damage. - Due Diligence Vendor-10/07/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 732 > 680 Months Reserves exceed minimum required - 22.94 months of reserves exceed the requirement of 12 months |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2473889 | |
| XXXX | 1923658 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE0082 | 2024-09-27 13:59 | 2024-10-01 16:12 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Vested Owner Signature Requirement met. - Operating agreement provided. - Due Diligence Vendor-10/01/2024 Ready for Review-Document Uploaded. Please findXXXX for review. - Seller-09/30/2024 Open-Vested Owner Signature Requirement Not met. Missing LLC documents for XXXX for deed transfer to prove seasoned ownership - Due Diligence Vendor-09/27/2024 |
Ready for Review-Document Uploaded. Please find XXXX for review. - Seller-09/30/2024 |
Resolved-Vested Owner Signature Requirement met. - Operating agreement provided. - Due Diligence Vendor-10/01/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 732 > 680 Months Reserves exceed minimum required - 22.94 months of reserves exceed the requirement of 12 months |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2473768 | |
| XXXX | 1923658 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE5809 | 2024-09-27 12:48 | 2024-10-01 16:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing evidence of self employment | Resolved-CPA letter and Operating agreement provided. 100% owner. - Due Diligence Vendor-10/01/2024 Ready for Review-Document Uploaded. - Seller-09/30/2024 Ready for Review-Document Uploaded. attached is the CPA letter for partition projects. - Seller-09/30/2024 Open-Missing LLC documents for XXXX to show 100% ownership since using for income - Due Diligence Vendor-09/27/2024 |
Ready for Review-Document Uploaded. - Seller-09/30/2024 Ready for Review-Document Uploaded. attached is the CPA letter for partition projects. - Seller-09/30/2024 |
Resolved-CPA letter and Operating agreement provided. 100% owner. - Due Diligence Vendor-10/01/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 732 > 680 Months Reserves exceed minimum required - 22.94 months of reserves exceed the requirement of 12 months |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2472658 | |
| XXXX | 1923652 | XXXX | C | B | B | B | C | A | C | A | Closed | FPRO0011 | 2024-10-01 15:22 | 2024-10-07 11:54 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved--Incident occurred prior to appraisal inspection. - Due Diligence Vendor-10/07/2024 Counter-Appraisal was issued on XXXX which is before the Major Disaster Declaration declared on XXXX Incident Period: XXXX Disaster Inspection required. Finding remains. - Due Diligence Vendor-10/04/2024 Ready for Review-Appraisal was issued after the incident period which is sufficient, no need for property disaster inspection. Please clear condition. - Seller-10/03/2024 Open-XXXX Incident Period: XXXX Major Disaster Declaration declared on XXXX Note date XXXX. - Due Diligence Vendor-10/01/2024 |
Ready for Review-Appraisal was issued after the incident period which is sufficient, no need for property disaster inspection. Please clear condition. - Seller-10/03/2024 |
Resolved--Incident occurred prior to appraisal inspection. - Due Diligence Vendor-10/07/2024 |
Qualifying DTI below maximum allowed - 14.08% DTI < 50% max. LTV is less than guideline maximum - 80% LTV < 85% max. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2498471 | ||
| XXXX | 1923652 | XXXX | C | B | B | B | C | A | C | A | Closed | finding-3652 | 2024-09-25 14:59 | 2024-10-04 16:06 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Upon further review, no further documentation is needed or required. Lender credit was added to initial CD for closing costs above legal limit. Since there is no tolerance violation on the final CD, lender credits were removed. - Due Diligence Vendor-10/04/2024 Counter-CD issued XXXX included a Lender Credit of XXXX for increase in closing cost above legal limit. Final XXXX credit was removed without a COC. Please provide COC. - Due Diligence Vendor-10/04/2024 Ready for Review-DISAGREE: Per 12 CFR 1026.19(e)(3)(i), an estimated closing cost is in good faith if the charge paid by the consumer does not exceed the amount originally disclosed on the loan estimate. Using the final loan estimate as a baseline, there was no lender credit disclosed to the borrower and ultimately the loan closed with no lender credit to the borrower. Thus there was no tolerance violation as baselined against the loan estimate. Please clear condition. - Seller-10/03/2024 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Additional findings may apply upon receipt. Statute of limitations - three years; Expiration date: XXXX. - Due Diligence Vendor-09/25/2024 |
Ready for Review-DISAGREE: Per 12 CFR 1026.19(e)(3)(i), an estimated closing cost is in good faith if the charge paid by the consumer does not exceed the amount originally disclosed on the loan estimate. Using the final loan estimate as a baseline, there was no lender credit disclosed to the borrower and ultimately the loan closed with no lender credit to the borrower. Thus there was no tolerance violation as baselined against the loan estimate. Please clear condition. - Seller-10/03/2024 |
Resolved-Upon further review, no further documentation is needed or required. Lender credit was added to initial CD for closing costs above legal limit. Since there is no tolerance violation on the final CD, lender credits were removed. - Due Diligence Vendor-10/04/2024 |
Qualifying DTI below maximum allowed - 14.08% DTI < 50% max. LTV is less than guideline maximum - 80% LTV < 85% max. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2456031 | ||
| XXXX | 1923652 | XXXX | C | B | B | B | C | A | C | A | Closed | finding-2502 | 2024-09-25 14:59 | 2024-10-04 05:30 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | CT Nonprime Home Loan Test | Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-10/04/2024 Ready for Review-We acknowledge that this is a XXXX nonprime loan. Please clear condition. - Seller-10/03/2024 Open-This loan failed the XXXX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. For more information please see the XXXX Nonprime Home Loan Article section of the full XXXX report. While the XXXX Nonprime Home Loan provisions specify that lenders may lawfully make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy nonprime home loans even if the additional conditions are met. - Due Diligence Vendor-09/25/2024 |
Ready for Review-We acknowledge that this is a XXXX nonprime loan. Please clear condition. - Seller-10/03/2024 |
Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-10/04/2024 |
Qualifying DTI below maximum allowed - 14.08% DTI < 50% max. LTV is less than guideline maximum - 80% LTV < 85% max. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2456034 | ||
| XXXX | 1923652 | XXXX | C | B | B | B | C | A | C | A | Closed | FCRE0360 | 2024-10-01 17:04 | 2024-10-01 17:09 | Waived | 2 - Non-Material | B | B | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-10/01/2024 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower paid cash for XXXX. We have an LOE from the borrower explaining he ran out of checks so he paid cash. The bank statement for this month also shows plenty of money so this was not an instance of not having the ability or willingness to pay. Please see LOE and statement for information supporting this request. All rent payments were paid on time and within the allowable grace period. - Due Diligence Vendor-10/01/2024 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-10/01/2024 |
Qualifying DTI below maximum allowed - 14.08% DTI < 50% max. LTV is less than guideline maximum - 80% LTV < 85% max. |
-DTI 14.61% - 5 years on Job -19 trades 6 active 4 at or above 5K paid as agreed |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 2499729 | ||
| XXXX | 1923642 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1356 | 2024-10-03 18:22 | 2024-10-11 15:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 YTD Profit & Loss Missing | Resolved--Per Client, B2 income removed - Due Diligence Vendor-10/11/2024 Ready for Review-Document Uploaded. the wife is removed from the income and the P&L is uploaded for review. - Seller-10/08/2024 Ready for Review-Document Uploaded. Please find the new Income update as we removed the wife income loan is still within guidelines. please update and clear findings. - Seller-10/07/2024 Open-Borrower 2 YTD Profit & Loss Missing B2 files a schedule C for wages earned working for husband's SCorp. Missing YTD P&L through XXXX supporting her YTD Schedule C earnings. - Due Diligence Vendor-10/03/2024 |
Ready for Review-Document Uploaded. the wife is removed from the income and the P&L is uploaded for review. - Seller-10/08/2024 Ready for Review-Document Uploaded. Please find the new Income update as we removed the wife income loan is still within guidelines. please update and clear findings. - Seller-10/07/2024 |
Resolved--Per Client, B2 income removed - Due Diligence Vendor-10/11/2024 |
Months Reserves exceed minimum required - Lender reserves are 6m PITIA, borrower has 27m. On time mortgage history exceeds guideline requirement - 50 months on time |
39597_incomeupdate.pdf 39597_P&L.pdf |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2521528 | |
| XXXX | 1923642 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1324 | 2024-10-03 18:22 | 2024-10-11 15:23 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Tax Returns Not Signed | Resolved-Tax Returns Are Signed - Due Diligence Vendor-10/08/2024 Ready for Review-Document Uploaded. Please find the signed pages for XXXX's and XXXX 1120/1040 - Seller-10/07/2024 Open-Borrower 1 Tax Returns Not Signed Missing XXXX 1040 signature and XXXX 1120S signatures. - Due Diligence Vendor-10/03/2024 |
Ready for Review-Document Uploaded. Please find the signed pages for XXXX 1120's and XXXX 1120/1040 - Seller-10/07/2024 |
Resolved-Tax Returns Are Signed - Due Diligence Vendor-10/08/2024 |
Months Reserves exceed minimum required - Lender reserves are 6m PITIA, borrower has 27m. On time mortgage history exceeds guideline requirement - 50 months on time |
39597_1120sig.pdf 39597_1120_1040sig.pdf |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2521526 | |
| XXXX | 1923657 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2024-09-27 12:28 | 2025-05-09 11:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Borrower Citizenship Documentation Provided. - Due Diligence Vendor-10/08/2024 Ready for Review-Document Uploaded. Please find the XXXX ID and passport. - Seller-10/07/2024 Counter-Please provide documentation to support the country of origin. - Due Diligence Vendor-10/07/2024 Ready for Review-Document Uploaded. Per Guidelines, borrower provided Govt ID (ID Card) and her ITIN. please update and clear findings. Guidelines: A XXXX Government (Federal or State) issued identification card must be provided and match the information contained in ITIN documents. - Seller-10/04/2024 Open-Borrower Citizenship Documentation Is Missing Please provide copy of borrower's Visa. - Due Diligence Vendor-09/27/2024 |
Ready for Review-Document Uploaded. Please find the XXXX ID and passport. - Seller-10/07/2024 Ready for Review-Document Uploaded. Per Guidelines, borrower provided Govt ID (ID Card) and her ITIN. please update and clear findings. Guidelines: A XXXX Government (Federal or State) issued identification card must be provided and match the information contained in ITIN documents. - Seller-10/04/2024 |
Resolved-Borrower Citizenship Documentation Provided. - Due Diligence Vendor-10/08/2024 |
Qualifying DTI below maximum allowed - 30% vs. 50% allowed On time mortgage history exceeds guideline requirement - Borrower own primary own for 7 years |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2472445 | |
| XXXX | 1923654 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM2368 | 2024-09-27 16:01 | 2024-10-08 08:58 | Resolved | 1 - Information | C | A | Compliance | Closing | Loan Origination Company NMLS Status is Not Active | Resolved-Received NMLS ID for XXXX Bank and documentation confirming XXXX is DBA as XXXX. - Due Diligence Vendor-10/08/2024 Ready for Review-Document Uploaded. Document Uploaded. Please find the NMLS matching LO and the company listing showing XXXX is owner of XXXX as well. - Seller-10/07/2024 Open-Loan Origination Company NMLS Status is Not Active Broker Name and Address do not match NMLS ID no. - Due Diligence Vendor-09/27/2024 |
Ready for Review-Document Uploaded. Document Uploaded. Please find the NMLS matching LO and the company listing showing XXXX is owner of XXXX as well. - Seller-10/07/2024 |
Resolved-Received NMLS ID for NBH Bank and documentation confirming XXXX is DBA as XXXX - Due Diligence Vendor-10/08/2024 |
LTV is less than guideline maximum - Maximum LTV is 80%; qualifying LTV is 71.43%. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 411.22 months. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2475680 | |
| XXXX | 1985135 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1440 | 2025-02-11 17:51 | 2025-02-13 11:10 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025 Open-Housing History Does Not Meet Guideline Requirements Per guides, a 12-month rental history is required for all FM programs when the borrower is renting their current primary residence. Additionally, any VOR completed by a private party, or any non-institutional landlord must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, rental statements including payment history, etc.). Supplemental report page 265 shows 37 months of rental history and states no lates. Lender exception approved in the loan file. - Due Diligence Vendor-02/11/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025 |
Months Reserves exceed minimum required - 8.8 months of PITI reserves verified, minimum 3 months PITI reserves required. Qualifying FICO score is at least 20 points above minimum for program - 793 qualifying FICO score, 660 minimum score required. LTV is less than guideline maximum - 69.91% LTV ratio, 85% maximum LTV allowed. |
Loan to value 10% or more under requirement. FICO 20 points or more above requirement. Residual income XXXX or more. Long term employment (greater than 5 years). Minimal consumer debt. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3402708 | ||
| XXXX | 1985137 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-02-21 17:29 | 2025-05-09 13:18 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-05/12/2025 Open-Exception for FM aggregate exposure to a single borrower and/or household exceeding XXXX in current unpaid principal balance - Due Diligence Vendor-05/09/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-05/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Fico 720 is 20+ point above 680 minimum Credit history exceeds minimum required - Total debt 10% or more under requirement |
- Fico 20 points over more above requirement - total debt 10% or more under requirement |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3465578 | ||
| XXXX | 2009691 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2025-04-07 19:34 | 2025-05-09 13:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-05/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/07/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.463 |
DSCR > 1.20 Minimum score 700 borrower's FICO = 790 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3801518 | ||
| XXXX | 2009691 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1254 | 2025-04-07 19:18 | 2025-04-11 16:29 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received executed/recorded quit claim deed. - Due Diligence Vendor-04/09/2025 Ready for Review-Document Uploaded. deed - Seller-04/08/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to XXXX - one in file is Unsigned - Due Diligence Vendor-04/07/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/08/2025 |
Resolved-Received executed/recorded quit claim deed. - Due Diligence Vendor-04/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.463 |
2225026794 Recorded Deed.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3801454 | |
| XXXX | 2009691 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1252 | 2025-04-08 15:19 | 2025-04-11 16:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Received AOL for vested entity - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-Title is being held in an LLC per Guides: Attorney Opinion Letter, attesting that the LLC meets the above requirements o Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC o the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. o Percentage of ownership o state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received AOL for vested entity - Due Diligence Vendor-04/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.463 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3810588 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-08 17:58 | 2025-04-10 17:33 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3812237 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1254 | 2025-04-08 17:28 | 2025-04-10 17:32 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received Recorded Deed. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. deed - Seller-04/09/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to XXXX – one if file is Unsigned - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/09/2025 |
Resolved-Received Recorded Deed. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3812021 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2025-04-02 11:04 | 2025-04-10 17:32 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received PPP Rider - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. File is missing Prepayment Penalty – Prepayment penalties are required for investment properties under the NQM program - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 |
Resolved-Received PPP Rider - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751701 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1509 | 2025-04-02 10:44 | 2025-04-10 17:31 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 Open-There are Issues Present on the Note that must be addressed. File is missing Prepayment Penalty – Prepayment penalties are required for investment properties under the NQM program - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 |
Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751382 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0008 | 2025-04-02 10:44 | 2025-04-10 17:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved-rule action - false - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '60.0' Diligence value '0'. File is missing Prepayment Penalty – Prepayment penalties are required for investment properties under the NQM program - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre payment rider and addendum - Seller-04/09/2025 |
Resolved-rule action - false - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751383 | |
| XXXX | 2009689 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-08 17:49 | 2025-04-09 09:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material loan amount. - Due Diligence Vendor-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX File is missing Exception Approval for Loan Amount < XXXX - Due Diligence Vendor-04/08/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material loan amount. - Due Diligence Vendor-04/09/2025 |
DSCR % greater than 1.20 - DSCR > 1.20 Qualifying FICO score is at least 20 points above minimum for program - FICo 784 / Minimum 700 |
DSCR > 1.20 FICO 784 - minimum 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3812174 | ||
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCOM1351 | 2025-04-08 14:51 | 2025-04-10 17:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guarantee Agreement. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. guaranty - Seller-04/09/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. File is missing Guaranty Agreement - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. guaranty - Seller-04/09/2025 |
Resolved-Received Guarantee Agreement. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3810141 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8702 | 2025-04-08 14:51 | 2025-04-10 17:23 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3810142 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1254 | 2025-04-08 14:53 | 2025-04-10 17:21 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received recorded deed. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. deed - Seller-04/09/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to XXXX – one if file is Unsigned - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/09/2025 |
Resolved-Received recorded deed. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3810165 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1510 | 2025-04-02 10:36 | 2025-04-10 17:20 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received PPP Rider. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing PPP Rider to Mortgage - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 |
Resolved-Received PPP Rider. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751262 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE0008 | 2025-04-02 10:34 | 2025-04-10 17:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '60.0' Diligence value '0'. File is missing Prepayment Penalty - Prepayment penalties are required for investment properties under the NQM program. - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 |
Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751240 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1509 | 2025-04-08 14:47 | 2025-04-10 17:19 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-There are no issues present on the Note. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 Open-There are Issues Present on the Note that must be addressed. File is missing Prepayment Penalty - Prepayment penalties are required for investment properties under the NQM program. - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. pre pay rider and addendum - Seller-04/09/2025 |
Resolved-There are no issues present on the Note. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3810056 | |
| XXXX | 2009688 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2025-04-08 15:03 | 2025-04-09 09:03 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator Exception granted and in file, waiver applied with comp factors. Deemed non-material - Due Diligence Vendor-05/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/08/2025 |
Waived-Originator Exception granted and in file, waiver applied with comp factors. Deemed non-material - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.464 |
DSCR > 1.20 Fico > 20 points from minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3810353 | ||
| XXXX | 2009686 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-08 16:12 | 2025-04-10 17:29 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.538 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3811293 | |
| XXXX | 2009686 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1254 | 2025-04-08 16:02 | 2025-04-10 17:28 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received recorded deed. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. deed - Seller-04/09/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to XXXX – one if file is Unsigned - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/09/2025 |
Resolved-Received recorded deed. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.538 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3811169 | |
| XXXX | 2009686 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-08 16:13 | 2025-04-09 09:03 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-05/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/08/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.538 |
DSCR > 1.20 Fico > 20 Points from minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3811313 | ||
| XXXX | 2009682 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-08 13:53 | 2025-05-09 13:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted loan amount XXXX, waiver applied with compactors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. loan amount exception - Seller-04/08/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Per Matrix min loan amount is XXXX and loan amount is XXXX - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. loan amount exception - Seller-04/08/2025 |
Waived-Originator exception granted loan amount XXXX, waiver applied with compactors. - Due Diligence Vendor-05/09/2025 |
Months Reserves exceed minimum required - 49.27 months reserves exceed required 3 by 46.27 months. Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 784 is higher than the required 700 |
loan amount exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3809147 | |
| XXXX | 2009683 | XXXX | D | B | D | B | A | A | A | A | Closed | FCOM1351 | 2025-04-09 08:40 | 2025-04-11 16:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guarantee Agreement. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. guaranty - Seller-04/09/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing Guaranty agreement - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. guaranty - Seller-04/09/2025 |
Resolved-Received Guarantee Agreement. - Due Diligence Vendor-04/10/2025 |
Months Reserves exceed minimum required - 45 months available vs. 3 required Qualifying FICO score is at least 20 points above minimum for program - 784 vs. min FICO of 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3815275 | |
| XXXX | 2009683 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8702 | 2025-04-09 09:34 | 2025-04-11 16:21 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete Attorney Opinion Letter, attesting that the LLC meets the above requirements o Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC o the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. o Percentage of ownership o state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/11/2025 |
Months Reserves exceed minimum required - 45 months available vs. 3 required Qualifying FICO score is at least 20 points above minimum for program - 784 vs. min FICO of 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3815796 | |
| XXXX | 2009683 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2025-04-09 09:08 | 2025-04-09 09:45 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material, loan amount. - Due Diligence Vendor-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception for loan amount located on page 387 - Due Diligence Vendor-04/09/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material, loan amount. - Due Diligence Vendor-04/09/2025 |
Months Reserves exceed minimum required - 45 months available vs. 3 required Qualifying FICO score is at least 20 points above minimum for program - 784 vs. min FICO of 700 |
FICO - 784 minimum 700 Reserves > 3 months required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3815503 | ||
| XXXX | 2009687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-08 19:18 | 2025-05-09 13:06 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator provided a waiver for loan amount, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. loan amount exception - Seller-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. loan amount exception - Seller-04/09/2025 |
Waived-Originator provided a waiver for loan amount, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-05/09/2025 |
DSCR % greater than 1.20 - DSCR 1.576 exceeds minimum. Qualifying FICO score is at least 20 points above minimum for program - FICO = 784, Min FICO = 700 |
784 FICO > 700 minimum required. 25.16 months reserves > 3 months minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 3812730 |
| XXXX | 2009687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1254 | 2025-04-08 19:03 | 2025-04-10 17:12 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received signed Deed - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. deed - Seller-04/09/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to Live Oak Holdings – one if file is Unsigned - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/09/2025 |
Resolved-Received signed Deed - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR 1.576 exceeds minimum. Qualifying FICO score is at least 20 points above minimum for program - FICO = 784, Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3812690 | |
| XXXX | 2009687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2025-04-02 11:07 | 2025-04-10 17:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received PPP Rider - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre payment rider and addendum from our file - Seller-04/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. File is missing Prepayment Penalty – Prepayment penalties are required for investment properties under the NQM program - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre payment rider and addendum from our file - Seller-04/09/2025 |
Resolved-Received PPP Rider - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR 1.576 exceeds minimum. Qualifying FICO score is at least 20 points above minimum for program - FICO = 784, Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751760 | |
| XXXX | 2009687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1509 | 2025-04-02 11:05 | 2025-04-10 17:11 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. pre payment rider and addendum from our file - Seller-04/09/2025 Open-There are Issues Present on the Note that must be addressed. File is missing Prepayment Penalty – Prepayment penalties are required for investment properties under the NQM program - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. pre payment rider and addendum from our file - Seller-04/09/2025 |
Resolved-Received PPP Addendum to the Note. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR 1.576 exceeds minimum. Qualifying FICO score is at least 20 points above minimum for program - FICO = 784, Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3751705 | |
| XXXX | 2009687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-08 19:25 | 2025-04-10 17:10 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR 1.576 exceeds minimum. Qualifying FICO score is at least 20 points above minimum for program - FICO = 784, Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3812755 | |
| XXXX | 2009690 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-09 08:45 | 2025-04-11 16:49 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received AOL - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received AOL - Due Diligence Vendor-04/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 Months Reserves exceed minimum required - Reserves = 47 months – Required Reserves = 3 Months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3815302 | |
| XXXX | 2009690 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-09 08:59 | 2025-04-09 09:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed Non-Material, loan amount - Due Diligence Vendor-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/09/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed Non-Material, loan amount - Due Diligence Vendor-04/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 Months Reserves exceed minimum required - Reserves = 47 months – Required Reserves = 3 Months |
FICO - 784 minimum 700 Reserves - > 3 months required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3815400 | ||
| XXXX | 2009685 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-09 09:53 | 2025-04-10 17:36 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received Attorney Opinion Letter. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR = 1.5795 Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3816028 | |
| XXXX | 2009685 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1254 | 2025-04-09 09:54 | 2025-04-10 17:36 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received Recorded Deed. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. deed - Seller-04/09/2025 Open-Property Title Issue File is missing Fully Executed Quit-Claim to XXXXX – one if file is Unsigned - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. deed - Seller-04/09/2025 |
Resolved-Received Recorded Deed. - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR = 1.5795 Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3816048 | |
| XXXX | 2009685 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-09 10:06 | 2025-04-09 11:47 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed Non-material loan amount. - Due Diligence Vendor-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX File is missing Exception Approval for Loan Amount < XXXX - Due Diligence Vendor-04/09/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed Non-material loan amount. - Due Diligence Vendor-04/09/2025 |
DSCR % greater than 1.20 - DSCR = 1.5795 Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 |
DSCR > 1.20 FICO > 20 points from minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3816208 | ||
| XXXX | 2009684 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-04-09 11:05 | 2025-04-11 16:31 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received AOL regarding vested entity. - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 Open-The Business Entity Formation Document is incomplete File is missing Attorney Opinion Letter, attesting that the LLC meets the above requirements 1. Opinion letter to confirm borrowers are members of the LLC and individual has authority to sign on behalf of LLC 2. the attorney opinion letter to confirm that it is a valid exercise of the LLC’s power to encumber LLC property with our mortgage. 3. Percentage of ownership 4. state who the manager(s) of the LLC are. (borrower should be a manager) - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. attorney opinion letter - Seller-04/10/2025 |
Resolved-Received AOL regarding vested entity. - Due Diligence Vendor-04/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.478 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3817153 | |
| XXXX | 2009684 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-04-09 11:17 | 2025-04-09 12:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material loan amount. - Due Diligence Vendor-04/09/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Exception Approval in file – 1. Loan Amount < XXXX – Loan Amount = XXXX - Due Diligence Vendor-04/09/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material loan amount. - Due Diligence Vendor-04/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 784 Min FICO = 700 DSCR % greater than 1.20 - DSCR = 1.478 |
DSCR > 1.20 FICO > 20 points from minimum 784 fico - minimum 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3817549 | ||
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FPRO1253 | 2025-05-09 15:46 | 2025-05-09 16:24 | Waived | 2 - Non-Material | B | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived- Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Waived- Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4099868 | |||
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FCRE0025 | 2025-04-11 13:57 | 2025-04-23 12:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. enclosed please find the XXXX exception in the email chain - Seller-04/11/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. enclosed please find the XXXX exception in the email chain - Seller-04/11/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3842611 |
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FCRE1510 | 2025-04-07 20:36 | 2025-04-16 17:35 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received pre pay rider to security instrument. - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. Please see enclosed... please note the top of the form confirming that the same document that was used as the note addendum was also used as the mortgage rider - Seller-04/15/2025 Counter-Received prepay addendum to Note-missing Prepay Rider to security instrument noted on page 2 of security instrument. - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. prepay addendum - Seller-04/11/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing PPP Rider - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. Please see enclosed... please note the top of the form confirming that the same document that was used as the note addendum was also used as the mortgage rider - Seller-04/15/2025 Ready for Review-Document Uploaded. prepay addendum - Seller-04/11/2025 |
Resolved-Received pre pay rider to security instrument. - Due Diligence Vendor-04/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3801764 | |
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FCRE8201 | 2025-04-14 17:21 | 2025-04-14 17:22 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861018 | ||
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FCRE1200 | 2025-04-11 13:14 | 2025-04-14 17:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted loan amount <XXXXwaiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount is XXXX under the min XXXX per matrix - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted loan amount <XXXX waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3841945 |
| XXXX | 2009694 | XXXX | C | B | C | B | A | A | B | B | Closed | FCRE0008 | 2025-04-07 20:34 | 2025-04-14 14:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved-Received pre pay addendum - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. pre pay addendum - Seller-04/11/2025 Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '60.0' Diligence value '0'. -----Missing PPP Addendum - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. pre pay addendum - Seller-04/11/2025 |
Resolved-Received pre pay addendum - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.29 months reserves exceed required 3 by 116.29 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3801757 | |
| XXXX | 2009695 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 16:07 | 2025-05-09 16:07 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived--Client waiver applied to non-material finding due to investor requirement for use for Vision VMC Desk Reviews, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-Vision VMC Desk Reviews, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 On time mortgage history exceeds guideline requirement - 0x30x12 in the past 80 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4100242 | |||
| XXXX | 2009695 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-08 08:06 | 2025-04-23 12:42 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Exception was received from Originator and deemed non-material. Finding waived with comp factors. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. please see the enclosed email chain from Ellington where they accepted the loan with the litigation - Seller-04/11/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit but no documents provided. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. please see the enclosed email chain from XXXX where they accepted the loan with the litigation - Seller-04/11/2025 |
Waived-Exception was received from Originator and deemed non-material. Finding waived with comp factors. - Due Diligence Vendor-04/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 On time mortgage history exceeds guideline requirement - 0x30x12 in the past 80 months |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3803934 |
| XXXX | 2009695 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1200 | 2025-04-11 14:35 | 2025-04-23 12:40 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. loan amount exception - Seller-04/11/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount is XXXX under the min XXXX per matrix - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. loan amount exception - Seller-04/11/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 On time mortgage history exceeds guideline requirement - 0x30x12 in the past 80 months |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3843285 |
| XXXX | 2009695 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:23 | 2025-04-14 17:25 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans$XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 On time mortgage history exceeds guideline requirement - 0x30x12 in the past 80 months |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861035 | ||
| XXXX | 2009696 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 16:01 | 2025-05-09 16:05 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived-Client waiver applied to non-material finding due to investor requirement for use for Vision XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Waived-Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.50 months reserves exceed required 3 by 113.50 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4100157 | |||
| XXXX | 2009696 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-08 08:45 | 2025-04-23 12:43 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit but no documents provided - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.50 months reserves exceed required 3 by 113.50 months |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3804239 |
| XXXX | 2009696 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:36 | 2025-04-14 17:37 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 Months Reserves exceed minimum required - 116.50 months reserves exceed required 3 by 113.50 months |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861161 | ||
| XXXX | 2009697 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 16:18 | 2025-05-09 16:20 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived-Client waiver applied to non-material finding due to investor requirement for use for Vision VMC Desk Reviews, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-Vision VMC Desk Reviews, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Waived-Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
LTV is less than guideline maximum - LTV 70 is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4100432 | |||
| XXXX | 2009697 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-08 09:01 | 2025-04-23 12:45 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit, but no documents provided. Litigation statement from Borr and Attorney - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
LTV is less than guideline maximum - LTV 70 is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3804428 |
| XXXX | 2009697 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:39 | 2025-04-14 17:39 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
LTV is less than guideline maximum - LTV 70 is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861194 | ||
| XXXX | 2009698 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 15:59 | 2025-05-09 16:00 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived--Client waiver applied to non-material finding due to investor requirement for use for Vision VMC Desk Reviews, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4100117 | |||
| XXXX | 2009698 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-08 09:10 | 2025-04-23 12:46 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit, but no documents provided. Litigation statement from Borr and Attorney - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3804517 |
| XXXX | 2009698 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:41 | 2025-04-14 17:41 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861213 | ||
| XXXX | 2009699 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 16:18 | 2025-05-09 16:19 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 Open-XXXX, which are not listed in originator guidelines as an approved vendor - Due Diligence Vendor-05/09/2025 |
Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4100428 | |||
| XXXX | 2009699 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-08 09:39 | 2025-04-23 12:47 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit, but no documents provided. Litigation statement from Borr and Attorney - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3804880 |
| XXXX | 2009699 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1200 | 2025-04-13 20:08 | 2025-04-14 17:29 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount is XXXX under the min XXXX per matrix - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3851270 |
| XXXX | 2009699 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:28 | 2025-04-14 17:28 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861081 | ||
| XXXX | 2009700 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-14 07:42 | 2025-04-22 11:21 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived--Documentation provided to show that entity will indemnify borrower as well as confirmation from attorney and sufficient assets to cover potential damages. Waiver applied to non-material finding. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Litigation statement from Borr and Attorney states borrower is being sued for XXXX. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived--Documentation provided to show that entity will indemnify borrower as well as confirmation from attorney and sufficient assets to cover potential damages. Waiver applied to non-material finding. - Due Diligence Vendor-04/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3853041 |
| XXXX | 2009700 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-04-14 09:30 | 2025-04-22 09:51 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-04/22/2025 Counter-Exception required for XXXX. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. please see the enclosed email chain from XXXX. They are the Investor we are selling the loan to, and THEY requested that we obtain this review report through "XXXX" - Seller-04/18/2025 Counter-Review received does not meet requirements of guidelines page 75. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. correct AVM - Seller-04/16/2025 Open-AVM in file over 10% less than appraised value, desk review is required. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. please see the enclosed email chain from XXXX. They are the Investor we are selling the loan to, and THEY requested that we obtain this review report through "XXXX" - Seller-04/18/2025 Ready for Review-Document Uploaded. correct AVM - Seller-04/16/2025 |
Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-04/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3854018 | |
| XXXX | 2009700 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1200 | 2025-04-14 08:07 | 2025-04-14 17:34 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount is XXXX under the min XXXX per matrix - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3853198 |
| XXXX | 2009700 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:33 | 2025-04-14 17:34 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX. - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 LTV is less than guideline maximum - LTV 70% is lower than maximum 75% |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3861129 | ||
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FPRO1253 | 2025-05-09 15:40 | 2025-05-09 15:42 | Waived | 2 - Non-Material | D | B | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/12/2025 Open-XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/12/2025 |
Waived--Client waiver applied to non-material finding due to investor requirement for use for XXXX, which are not listed in originator guidelines as an approved vendor. - Due Diligence Vendor-05/12/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4099771 | |||
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1200 | 2025-04-13 20:58 | 2025-04-23 12:49 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount is XXXX under the min XXXX per matrix - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/23/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3851318 |
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE0025 | 2025-04-13 20:37 | 2025-04-23 12:48 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Exception was received from Originator and deemed non-material. Finding waived with comp factors. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application the borrower is a party in lawsuit, but no documents provided. Litigation statement from Borr and Attorney - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Waived-Exception was received from Originator and deemed non-material. Finding waived with comp factors. - Due Diligence Vendor-04/23/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
litigation exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3851299 |
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1509 | 2025-04-13 20:35 | 2025-04-15 17:51 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received executed note and addendum. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-There are Issues Present on the Note that must be addressed. Provide a Signed Note. The Note in the file is not signed - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Resolved-Received executed note and addendum. - Due Diligence Vendor-04/15/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
Note.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3851297 | |
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE1510 | 2025-04-08 11:03 | 2025-04-15 17:50 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received legal description attached to security instrument. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. ----- missing legal description - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Resolved-Received legal description attached to security instrument. - Due Diligence Vendor-04/15/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
mortgage.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3806316 | |
| XXXX | 2009701 | XXXX | D | B | C | B | A | A | D | B | Closed | FCRE8201 | 2025-04-14 17:11 | 2025-04-14 17:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 Open-FM exception for over 10 loans/XXXX - Due Diligence Vendor-04/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/14/2025 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points more than required Reserves > 12+ months than required Long term employment 5+ years. Long term Homeownership 5+ years |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3860860 | ||
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2025-04-15 16:56 | 2025-04-21 14:44 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received final settlement statement and operating agreement confirm sufficient assets available. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. XXXX - Seller-04/18/2025 Counter-Received HUD-1s for simultaneous closings-Borrower is noted as LLC-file does not contain LLC ownership details. Document receipt of funds for closing and reserves. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Open-Total Qualified Assets Post-Close amount is 'XXXX'. Assets are Insufficient. Missing proof of refi proceeds from REO. - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. XXXX OPERATING AGREEMENT - Seller-04/18/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 |
Resolved-Received final settlement statement and operating agreement confirm sufficient assets available. - Due Diligence Vendor-04/21/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3872741 | |
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-04-15 17:00 | 2025-04-21 14:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received final settlement statement on refi of investment properties. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. XXXX - Seller-04/18/2025 Counter-Received HUD-1s for simultaneous closings-Borrower is noted as LLC-file does not contain LLC ownership details. Document receipt of funds for closing and reserves. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. XXXX OPERATING AGREEMENT - Seller-04/18/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 |
Resolved-Received final settlement statement on refi of investment properties. - Due Diligence Vendor-04/21/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3872828 | |
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1497 | 2025-04-16 08:47 | 2025-04-21 14:42 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: Reasonable Income or Assets Not Considered | Resolved-Received final HUDs - Due Diligence Vendor-04/17/2025 Ready for Review-uploaded under pther conds - Seller-04/16/2025 Open-ATR: Reasonable Income or Assets Not Considered Missing proof of refi proceeds from REO. - Due Diligence Vendor-04/16/2025 |
Ready for Review-uploaded under pther conds - Seller-04/16/2025 |
Resolved-Received final HUDs - Due Diligence Vendor-04/17/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3876615 | ||
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1503 | 2025-04-16 08:47 | 2025-04-21 14:42 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-Received PITIA documentation. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Open-ATR: The Lender did not document all ATR Factors Missing proof of refi proceeds from REO. - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. - Seller-04/16/2025 |
Resolved-Received PITIA documentation. - Due Diligence Vendor-04/17/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3876616 | |
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2025-04-16 08:47 | 2025-04-21 14:42 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received PITIA documentation - Due Diligence Vendor-04/17/2025 Ready for Review-uploaded under other conds - Seller-04/16/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing proof of refi proceeds from REO. - Due Diligence Vendor-04/16/2025 |
Ready for Review-uploaded under other conds - Seller-04/16/2025 |
Resolved-Received PITIA documentation - Due Diligence Vendor-04/17/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3876617 | ||
| XXXX | 2009692 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-04-15 16:45 | 2025-04-17 16:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received PITIA validation - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Open-Missing documentation to support PITIA for REO XXXX and XXXX from new refinance. DTI is not yet finalized and additional information and/or documentation may be required. At initial Audit review, Audit used Lender's figures to calculate the DTI. - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. - Seller-04/16/2025 |
Resolved-Received PITIA validation - Due Diligence Vendor-04/17/2025 |
LTV is less than guideline maximum - 80% LTV vs. max LTV of 85% Qualifying FICO score is at least 20 points above minimum for program - 776 vs. 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3872558 | |
| XXXX | 2009693 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-04-16 10:47 | 2025-04-17 15:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap report. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. GAP report - Seller-04/16/2025 Open-Borrower 1 Gap Credit Report is Missing Missing GAP credit - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. GAP report - Seller-04/16/2025 |
Resolved-Received Gap report. - Due Diligence Vendor-04/17/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min @ 75% LTV Months Reserves exceed minimum required - 75 vs. 6 required Qualifying DTI below maximum allowed - 36.6% vs. max 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3878230 |