Exhibit 99.1

EXECUTIVE SUMMARY

DESCRIPTION OF SERVICES

(1) Type of assets that were reviewed.

AMC Diligence, LLC (“AMC” or “SitusAMC”) performed the due diligence services described below (the “Review”) on residential Loans originated by multiple correspondent lenders and acquired directly via reliance letter by Santander or its affiliates (the “Client”). The Review, which includes reliance letter Loans where an initial review was performed for such party on Loans with origination dates from July 2024 through March 2025 via files imaged and provided by the Client for review.

(2) Sample size of the assets reviewed.

The final population of the Review contained forty-six (46) Loans totaling an aggregate original principal balance of approximately $33.565 million (the “Loans”).

(3) Determination of the sample size and computation.

The Review was conducted consistent with the criteria for the nationally recognized statistical rating organizations, NRSRO(s).

(4) Quality or integrity of information or data about the assets: review and methodology.

AMC compared data fields on the bid tape provided by the Client to the data found in the actual mortgage loan file as captured by AMC. This comparison, when data was available (please note that not all fields were available for all Loans during the Review) and relevant for the Scope in question, included the following data fields:

# of Units	Decision System	Original Loan Amount
Amortization Term	Doc Type	Original LTV
Amortization Type	Escrow Account	Original P&I
Appraisal As-Is Value	First Payment Date	Original Term
Appraisal Effective Date	Interest Only	PITIA Reserves Months
Appraised Value	Interest Only Period	Prepayment Penalty Period (months)
Blanket Mortgage?	Investor: Qualifying Total Debt Ratio	Product Description
Borrower Citizenship	Last Property Transfer Date	Property Type
Borrower EIN	Lien Position	Purpose
Borrower First Name	Loan Property Count	Refi Purpose
Borrower FTHB	Loan to Cost (LTC)	Representative FICO
Borrower Last Name	LTV Valuation Value	State
Borrower SSN	Maturity Date	Street
Cash From Borrower	Neg Am	Subject Debt Service Coverage Ratio
Cash To Borrower	Note Date	Total Income
City	Occupancy	Universal Loan Identifier (ULI)
Coborrower First Name	Original CLTV	Zip
Coborrower Last Name	Original HLTV
Contract Sales Price	Original Interest Rate

Additionally, AMC verified (i) listed borrowers signed documents requiring signature, (ii) borrowers signing documents were eighteen (18) years or older at the time of the mortgage loan origination, (iii) that all riders required by the terms of the mortgage and mortgage note were attached to the respective document, (iv) that social security numbers across documents were consistent, and (v) debt-to-income ratio (“DTI(s)”) and/or loan-to-value ratios (“LTV(s)”) were used in the assessment of conformity guidelines.

(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria, or other requirements: review and methodology.

AMC reviewed mortgage loan origination documentation to determine conformity with the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

CREDIT AND COMPLIANCE SCOPE:

AMC reviewed asset origination to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria, or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file was also performed.

Credit Application: For the Credit Application, AMC verified that the application: (i) was signed by all listed borrowers, (ii) was substantially filled out, (iii) contained all known borrower-owned properties on the Real Estate Owned section 2, and (iv) included the borrower’s employment history.

Credit Report: AMC’s review included confirming that a credit report, that met guideline requirements, was present for each borrower and that such borrower’s credit profile adhered to the guidelines. In order to make this determination, AMC: (i) captured the monthly consumer debt payments for use in relevant calculations, (ii) noted and researched the Real Estate Owned and fraud alerts, (iii) gathered liabilities listed on the credit report to be included in the debt-to-income ratio as appropriate.

Employment and Income: AMC determined whether applicable supporting employment and income documentation required by the guidelines, and as applicable Appendix Q or ATR, was present in the mortgage loan file and where possible, wasn’t fraudulent. This documentation was used to verify whether the income used to qualify the mortgage loan was calculated in accordance with the guidelines and may have included items such as: (i) verbal or written verification of employment, (ii) pay stubs, (iii) W-2 forms, (iv) tax returns, (v) financial statements, (vi) IRS tax transcripts, and (vii) Bank Statements.

Asset Review: AMC assessed whether the asset documentation required by the guidelines, and as applicable, Appendix Q or ATR, was present in the mortgage loan file. Utilizing this documentation, AMC completed a review of the reserve calculation and any large deposits. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may have included: (i) verification-of-deposit (“VOD(s)”), (ii) depository account statements, (iii) stock or security account statements, (iv) gift funds, (v) escrow or earnest money deposits, and (vi) settlement statements or other evidence of conveyance and transfer of funds (if a sale of assets was involved).

Hazard/Flood Insurance/Taxes: A review of the insurance present on the mortgage loan was also performed by AMC. During the course of this review, AMC (i) verified that the hazard insurance met the minimum required amount of coverage in the guidelines, (ii) confirmed that the mortgage clause listed the lender’s name and “its successors and assigns,”, (iii) confirmed that the premium amount on both the hazard and flood insurance matched what was used in the DTI calculations, (iv) reviewed the tax certificate to verify and compare monthly escrows used to calculate DTI matched and that taxes were current, (v) confirmed that the flood certification was for the correct borrower, property, lender and mortgage loan number and was a “Life of Loan” certification, and (vi) completed other property specific items including (a) for condominium properties, confirming that the blanket policy met the minimum amount of coverage in the guidelines and (b) for properties in a flood zone per the flood certification, confirming that flood insurance met guideline requirements and met the minimum required amount of coverage in the guidelines.

DU/LP Review: When provided and appropriate, AMC verified that DU findings included an approved/ineligible decision where required by the guidelines. However, all Loans are manually underwritten with documentation requirements determined by the guidelines and not AUS findings.

Occupancy Review: AMC confirmed the property occupancy is consistent with the mortgage loan approval and borrowers’ application disclosure based solely on information contained in the mortgage loan file and any fraud report obtained in connection with the mortgage loan.

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Guideline Review: During the course of the review, AMC confirmed the mortgage loan was originated in accordance with required guidelines by reviewing conformity of mortgage loan, transaction type, and borrower characteristics to stated guidelines. Mortgage characteristics examined included (i) DTI of the borrower, (ii) the LTV/TLTV/HTLTV, (iii) the credit score for each borrower, (iv) asset reserves of the borrower, (v) property type, (vi) property usage, and (vii) other property specific items including, for condominium or cooperative properties, assessing whether the condominium or cooperative project adheres to required guidelines.

Fraud Review: AMC reviewed fraud report results in each mortgage loan file, to the extent present, in conjunction with source documents found in the mortgage loan file to assess the likelihood of any misrepresentations associated with the origination of the mortgage loan. If the mortgage loan file did not contain a fraud report and the counterparty did not produce one, AMC conditioned the mortgage loan for the missing fraud report product.

If a report was present, AMC reviewed the report for (i) any name variations for the borrowers, (ii) any social security number variations for the borrowers, (iii) any potential occupancy issues based on the borrower’s address history, (iv) any noted employment issues, and (v) any additional consumers associated with the borrower’s profile. If any findings were noted, AMC confirmed that such findings and/or variations were addressed by the originator in the origination of the asset or that such red flag issues were fully addressed via mortgage loan documentation provided.

Title Review: AMC’s review included a review of the chain of title and the duration of ownership by the seller or borrower (whichever is applicable) satisfied the guidelines. Included in this review was a verification of whether the appropriate vestee was on the title documentation (if a purchase, the seller; if a refinance, the borrower) and that the title commitment addressed issues such as assessments; covenants, conditions and restrictions; access problems; vicinity of property to military airports; prior leases; court orders/divorce decrees; public probate issues; foreclosures; bankruptcies; judgment liens; state and federal tax liens; environmental liens, and oil/gas leases.

Additional Review of Mortgage Loan File: AMC also reviewed the closing documents to ensure that the mortgage loan file information is complete, accurate, and contains consistent documentation. Included in the portion of the review are items such as reviewing for (i) evidence of primary mortgage insurance, (ii) if the property is located in an area that was listed as a FEMA disaster zone post origination, (iii) the presence of loan modification documents, and (iv) general conformity to Fannie Mae or Freddie Mac approved formats at the time of origination.

BUSINESS PURPOSE SCOPE

Each loan, reviewed under this scope, was reviewed for adherence to the relevant credit policy as indicated by the Client. For this review, procedures followed included:

§	Reviewing the provided Note, Mortgage/DOT, and Guaranty Agreement(s) to confirm execution, adherence to the credit policy, and agreement with other Loan Approval documentation.
§	Examining appraisal reports, BPO’s, and appraisal reviews to determine if the property type is consistent with underwritten property type and usage (such as evidence/an indication of either owner or tenant occupancy) and comparing this information against other relevant information contained within applicable sections of the loan file to evaluate consistency, accuracy, and adherence to the credit policy.
§	Reviewing environmental reporting, Flood Certification, and Evidence of Insurance to confirm accuracy and adherence to credit policy requirements.
§	Reviewing credit reporting, VOR/VOM, Background Check(s), and any applicable Letter(s) of Explanation to confirm accuracy, adherence to credit policy requirements, and consistency with the Final Loan Approval worksheet.
§	Reviewing HUD-1’s, Title Search, Purchase Agreements, existing leases/rent rolls, and verification of funds with loan terms, and underwritten approved terms and amounts/LTV/LTC as well as adherence to credit policy requirements.
§	Reviewing LOI/LOE(s) for presence of un-qualified statement of business and occupancy intent, confirmation that the LOI/LOE cited address is consistent with the subject property address, and that signatory(s) are consistent with the identified borrower(s)/guarantor(s).
§	Reviewing Final Form 1003/Loan application to ensure complete execution that the subject property listed is consistent with the subject property, and that the listed residence for the Individual(s) is an address other than the subject property.
§	Confirming, if applicable, business license(s) and P&L’s are present, valid, and adhere to credit policy requirements.
§	Confirming, if applicable, second mortgage documents are present, valid, align with approved terms amounts, and adhere to credit policy requirements.
§	Reviewing final loan approval worksheets for accuracy, completion, documentation of approval for any exceptions, and evaluating such items for agreement/consistency with all other documentation contained in the review file.

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§	Reviewing the Certification of Business Purpose and Certification of Non-Owner Occupancy and Indemnity for presence of completed fields and verifying that the handwritten Primary Residence address differs from the subject property address and is signed/dated as required.
§	Verifying presence of a complete Certification of Non-Owner Occupancy and Indemnity document for each individual borrower/co-borrower/guarantor identified within the subject note/guaranty agreement, including the presence of either individual certifications or one certificate containing all required signatures.
§	Comparing the Primary Residence address(es) listed for consistency between the Final Form 1003/Loan application(s) and the Certification(s) of Non-Owner Occupancy and Indemnity.
§	Documenting any non-approved credit policy exceptions and/or inconsistencies and reporting and/or marking such items for further dialogue.
§	Gathering the components of the DSCR from source documentation provided in the loan file during the course of the review. Where applicable, AMC sums per the guidelines the principal and interest payment as well as the tax, insurance and HOA payment to arrive at a monthly property expense. This number is used as the denominator to the monthly lease or estimated lease income as per the guidelines.

Documents reviewed include the following items (* = where applicable):

Note	Business License*	Flood certificates
Guaranty Agreement(s)*	Business P&L’s*	Purchase agreement(s)*
Deed of Trust / Mortgage	Verification of down payment funds/ funds to close / reserve funds*	Final HUD-1
Non-Owner-Occupancy & Business – Purpose Letter of Intent (LOI) / Letter of Explanation (LOE)	Appraisal Report	Title Search Documentation
Final Form 1003 / Loan Application(s)	Broker Price Opinion and market rent addendum*	Evidence of Hazard / Liability / Flood Insurance coverage
Credit Report(s)	Appraisal Review documentation*	Second mortgage documentation*
Verification of Rent / Mortgage (VOR/VOM) payment history*	Existing Leases*	Certification(s) of Business purpose of loan
Identification / proof of residency status	Rent Roll*	Certification(s) of Non-Owner Occupancy and Indemnity*
Background check	Environmental reports

(6) Value of collateral securing the assets: review and methodology.

AMC’s review included a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC’s review included verifying the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guideline requirements, (viii) made on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

With regard to the use of comparable properties, AMC’s review (i) captured the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensured that such comparable properties are within standard appraisal guidelines; (ii) confirmed the property value and square footage of the subject property was bracketed by comparable properties, (iii) verified that comparable properties used are similar in size, style, and location to the subject, and (iv) checked for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

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Other aspects of AMC’s review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC. If more than one valuation was provided, AMC confirmed consistency among the valuation products and if there were discrepancies that could not be resolved, AMC created an exception.

(7) Compliance of the originator of the assets with federal, state and local laws and regulations: review and methodology.

Please be advised that AMC did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with applicable law and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by AMC are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which AMC is relying in reaching such findings.

With regard to TILA-RESPA Integrated Disclosure (“TRID”) testing, AMC implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 3.0 TRID Compliance Review Scope published by the Structured Finance Association (“SFA”) (formerly, the Structured Finance Industry Group, “SFIG”) (the "SFA Compliance Review Scope") and (ii) outside counsel’s interpretations of the published regulations as of the date of review of each mortgage loan. AMC worked with outside counsel and continues to obtain updated interpretations relative to the informal guidance provided by the Consumer Financial Protection Bureau (“CFPB”) which has caused alterations in the review scope and severity of TRID related exceptions, including applicable cures. (This will continue as necessary as additional guidance becomes available, as well as any future rulemaking.) While AMC continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity. AMC has worked closely with the NRSROs and the Client to disclose, as mutually agreed upon by the parties, the relevant exceptions per AMC’s suggested review implementation as reviewed by outside counsel; however, no assurances can be provided and/or are given that AMC has included within its Review all areas that may represent risk to the securitization trust, or that areas of risk identified by AMC will result in the potential level of risk indicated by an Event Level or NRSRO grade.

Please be further advised that AMC does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by AMC do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to AMC. Information contained in any AMC report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged AMC to prepare its reports pursuant to its instructions and guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by AMC are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. AMC does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by AMC.

AMC reviewed each residential mortgage loan to determine, as applicable, to the extent possible and subject to the caveats below, whether the mortgage loan complies with:

(I) Federal Truth in Lending Act (“TILA”), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:

Rescission (§1026.23, §1026.15):

	i)	failure to provide the right of rescission notice;
	ii)	failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);

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	iii)	errors in the right of rescission notice;
	iv)	failure to provide the correct form of right of rescission notice;
	v)	failure to provide the three (3) business day rescission period;
	vi)	any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and
	vii)	with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.

TIL Disclosure (§§1026.17, 18 and 19) as applicable for loans with application dates prior to October 3, 2015:

	i)	review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);
	ii)	proper execution by all required parties;
	iii)	principal and interest calculations, and proper completion of the interest rate and payment summary; and
	iv)	timing of initial and re-disclosed TIL(s).

Home Equity Plans Disclosures (§§1026.6, 40) as applicable

	i)	failure to provide the applicable home equity initial and account opening disclosures; and
	ii)	failure to provide the applicable home equity initial and account opening disclosures in a timely manner.

Tolerances (§§1026.18, 22 23, and 38):

	i)	inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and
	ii)	inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.
	iii)	inaccurate Total of Payments outside of applicable tolerance by comparing disclosed Total of Payments to re-calculated Total of Payments.

High-cost Mortgage (§§1026.31, 32 and 34):

	i)	points and fees threshold test;
	ii)	APR threshold test;
	iii)	prepayment penalty threshold test; and
	iv)	compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.

Higher-priced Mortgage Loan (§1026.35):

	i)	APR threshold test; and
	ii)	compliance with the escrow account and appraisal requirements as applicable.

With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):

	i)	review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction;
	ii)	review relevant document to determine if there was dual compensation; and
	iii)	review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

(1)

Note: Where available, AMC reviewed the relevant documents in the mortgage loan file and, as necessary, attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and procedures of the mortgage loan originator. In the absence of the mortgage loan originator compensation agreement and/or governing policies and procedures, AMC’s review was limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase agreement between the Client and seller correspondent;

Homeownership counseling (§1026.36):

determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a first time homebuyer that contains a negative amortization feature.

Mandatory Arbitration Clauses (§1026.36):

determine if the terms of the mortgage loan require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.

Prohibition on Financing Credit Insurance (§1026.36):

determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.

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Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):

	i)	review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and
	ii)	verify the data against the NMLSR database, as available.

(II) Federal Real Estate Settlement Procedures Act (“RESPA”), as implemented by Regulation X, 12 C.F.R. Part 1024, as set forth below:

Good Faith Estimate (GFE) (§1024.7) as applicable for loans with application dates prior to October 3, 2015:

	i)	confirm the presence of the current GFE form in effect at the time of origination;
	ii)	verify GFE was provided to the borrower(s) within three (3) business days of application;
	iii)	verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;
	iv)	determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and
	v)	confirm the presence of a settlement service provider list, as applicable.

Final HUD-1/A Settlement Statement (HUD) (§1024.8) as applicable for loans with application dates prior to October 3, 2015:

	i)	confirm current applicable HUD form was provided;
	ii)	determination that the mortgage loan file contains the final HUD;
	iii)	escrow deposit on the final HUD matches the initial escrow statement amount; and
	iv)	verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.

GFE and Final HUD Comparison (§1024.7) as applicable for loans with application dates prior to October 3, 2015:

	i)	review changes disclosed on the last GFE provided to the borrower(s) to determine that such changes were within the allowed tolerances;
	ii)	confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and
	iii)	review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.

Additional RESPA/Regulation X Disclosures and Requirements (§1024.6, 15, 17, 20, and 33):

	i)	confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;
	ii)	verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;
	iii)	confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;
	iv)	confirm the Special Information Booklet was provided within three (3) business days of application;
	v)	confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file in the event the lender has affiliated business arrangements;
	vi)	confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;
	vii)	confirm the Affiliated Business Arrangement Disclosure is executed;
	viii)	confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing;
	ix)	confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application; and
	x)	confirm that the list of homeownership counselling organizations was obtained no earlier than 30 days prior to when the list was provided to the mortgage loan applicant.

(III) Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):

Loan Estimate (LE) (§§1026.19 and 37):

	i)	confirm the presence of LE for applications on or after October 3, 2015;
	ii)	confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;

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	iii)	confirm that certain sections of each LE determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the LE;
	iv)	confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;
	v)	confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3 business days of issuance;
	vi)	capture whether a settlement service provider list (“SSPL”) was provided (in instances when a consumer is given an opportunity to shop for services). Failure to provide SSPL is not cited separately under SFA compliance review scope, however, absence of SSPL from loan file is treated as not provided and impacts fee tolerance categories as prescribed by regulation;
	vii)	confirm borrower received LE not later than four (4) business days prior to consummation; and
	viii)	confirm LE was not provided to the borrower on or after the date of the CD.

Closing Disclosure (CD) (§§1026.19 and 38):

	i)	confirm the presence of CD for applications on or after October 3, 2015;
	ii)	confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;
	iii)	confirm that certain sections of each CD determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;
	iv)	confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;
	v)	identify tolerance violations based on the charges disclosed on the initial and interim LE’s, initial CD, and reflected on the final CD;
	vi)	with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and
	vii)	with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Association (“SFA”) has a working group that consists of industry participants including third party review providers and law firms who agreed to a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in accordance with the SFA Compliance Review Scope.)

Your Home Loan Toolkit (§1026.19):

	i)	confirm the presence of Your Home Loan Toolkit in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower; and
	ii)	confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application.

(IV) Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:

	a)	The general Ability to Repay (ATR) underwriting standards (12 C.F.R. 1026.43(c));
	b)	Refinancing of non-standard mortgages (12 C.F.R. 1026.43(d));
	c)	Qualified Mortgages (QM) (12 C.F.R. 1026.43(e) (including qualified mortgages as separately defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.)); and
	d)	Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).

AMC reviews applicable mortgage loans for compliance with the ATR and QM rule requirements based upon each mortgage loan’s originator designation (Safe Harbor QM, Higher-priced QM, Temporary SHQM, Temporary HPQM, Non-QM, Exempt from ATR). AMC determines the mortgage loan’s status under the ATR or QM rule requirements and assigns a due diligence mortgage loan designation. Generally, AMC notes as a material exception if the due diligence findings do not confirm the originator’s mortgage loan designation. Additionally, AMC notes if an originator mortgage loan designation was not provided.

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Qualified Mortgage

With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the “points and fees” exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) depending on the application date, defined in accordance with 1026.2(a)(3)(ii) and the loan designation provided on the subject loan, either:

	1.)	for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), prior to 3/1/2021, at the time of consummation, if the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source,
	2.)	for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), on or after 3/1/2021, but before 10/1/2022, submitted with a loan designation of Safe Harbor QM, Higher Priced QM, Safe Harbor QM (43-Q), or Higher Priced QM (43-Q), whether at the time of consummation, the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source, or
	3.)	for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), taken on or after 3/1/2021, submitted with a loan designation of Safe Harbor QM (APOR), or Higher Priced QM (APOR), “Revised QM”, whether the APR exceeds the average prime offer rate by 2.25 or more percentage points, (additional thresholds applicable for lower loan balances, subordinate lien covered transactions and certain manufactured homes loan amounts), and whether the loan does not meet the credit guidelines without a documented exception and compensating factors.

For the loans determined to be Safe Harbor QM (APOR), in the event the lender provided a Verification Safe Harbor, (“VSH”) indicator of “Yes” on the loans, that would be reflected as such in the reports. In the event the lender provided a VSH indicator of “No” on the loans that would be reflected in the reports. In the event the lender did not provide a VSH indicator on the loans, the loans would be identified as “Not Stated” in the reports.

* Note, for loans in which the lender provided the VSH indicator, AMC captured it, but did not verify the VSH indicator.

Notwithstanding the above, for loans with the variance evaluation of VSH performed by AMC on QM (APOR) loans, the Lender provided a VSH Indicator of “Yes”. The VSH indicator was provided within the loan images, on the data tape, deal notes, or as part of the loan program/guidelines to which the loan was originated. The loan guidelines utilized one of the specified GSE June 2020 guidelines to meet VSH. In the event the lender identified the loan to have VSH status, then AMC reviewed to identify documentation variances that would cause one to question the VSH attestation from the lender. If variances were identified, then the loan would not be identified by AMC to meet the VSH documentation requirements under either the Fannie Mae guidelines or under the Freddie Mac guidelines. The results of the variance analysis are reflected in the reports.

This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

If a mortgage loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, if the mortgage loan satisfied (i), (ii) and (iii) in the preceding paragraph. In addition, AMC reviews the Automated Underwriting System output within the file to confirm agency eligibility.

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, AMC then determines whether the mortgage loan is a Safe Harbor QM or Higher Priced QM by comparing the mortgage loan’s actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage. The Review also includes determining, as applicable, whether a mortgage loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.).

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For each QM designated mortgage loan that does not satisfy the applicable requirements enumerated above, AMC then determines whether the mortgage loan complies with the ATR rule consideration and verification requirements and provides a due diligence designation of Non-QM compliant or non-compliant.

General Ability to Repay

AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability (the consumer's current employment status); (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator’s determination of the ability to repay.

AMC reviews mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities (“Authorities”). AMC does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. AMC’s review is based on information contained in the mortgage loan file at the time it is provided to AMC to review, and only reflects information as of that point in time.

(V) The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002, as set forth below:

Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):

	i)	timing and content of the right to receive a copy of the appraisal disclosure;
	ii)	charging of a fee for a copy of the appraisal or other written valuation;
	iii)	timing of creditor providing a copy of each appraisal or other written valuation; and
	iv)	with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

(VI) Fannie Mae points and fees limitations and HOEPA restrictions as addressed in Fannie Mae Announcement 04-06, as amended by Lender Letters LL-2013-05 and LL-2013-06 and Selling Guide Announcement SEL-2013-06;

(VII) The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations;

(VIII) The disclosure requirements and prohibitions of state, county and municipal laws and ordinances with respect to “high-cost” mortgage loans, “covered” mortgage loans, “higher-priced” mortgage loans, “home” mortgage loans or any other similarly designated mortgage loan as defined under such authorities, or subject to any other laws that were enacted to combat predatory lending, as may have been amended from time to time;

(IX) Federal and state specific late charge and prepayment penalty provisions.

(X) Recording Review

AMC noted the presence of recorded documents, when available. However, the majority of mortgage loans in the review population were new production and have only been closed for days or weeks at the time AMC reviewed the mortgage loans and thus have not yet been recorded. AMC verified that documents in the mortgage loan file (most typically closing instructions) included lender instructions for recording, and as applicable, the date the documents were sent for recording, and/or the date that the documents will be recorded.

As part of the portion of the Review described in this section, AMC will analyze and capture data from the source documents identified in the Document Review below, as applicable.

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(XI) FIRREA Review

AMC confirmed that the appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, AMC reviewed the appraisal for conformity to industry standards, including ensuring the appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures were provided and were accurate.

In addition, AMC accessed the ASC database to verify that the appraiser, and if applicable the appraiser’s supervisor, were licensed and in good standing at the time the appraisal was completed.

(XII) Document Review

AMC reviewed each mortgage loan file and verified if the following documents, if applicable, were included in the file and if the data on these documents was consistent (where applicable):

	§	Initial application (1003);
	§	Underwriting summary / loan approval (1008);
	§	Credit report;
	§	Income and employment documentation;
	§	4506T;
	§	Asset documentation;
	§	Sales contract;
	§	Hazard and/or flood insurance policies;
	§	Copy of note for any junior liens;
	§	Appraisal;
	§	Title/Preliminary Title;
	§	Final 1003;
	§	Changed circumstance documentation;
	§	Right of Rescission Disclosure;
	§	Mortgage/Deed of Trust;
	§	Note;
	§	Mortgage Insurance;
	§	Tangible Net Benefit Disclosure;
	§	Subordination Agreement;
	§	FACTA disclosures;
	§	Notice of Special Flood Hazards;
	§	Initial and final GFE’s;
	§	HUD from sale of previous residence;
	§	Final HUD-1;
	§	Initial TIL;
	§	Final TIL;
	§	Loan Estimates;
	§	Closing Disclosures; and
	§	Certain other disclosures related to the enumerated tests set forth herein.

(8) Other: review and methodology.

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC’s initial review was completed where loan level issues were identified by external parties as a result of separate, distinct quality control evaluation of the loan files. In such cases, any additional exceptions cited by any such quality control evaluation would either be reflected (i) as an open exception or (ii) remediated if required documentation and/or curative actions were provided to AMC. The exception totals reflected herein, and corresponding Exception Rating, include exceptions that were so subsequently identified, if any. Please note that only a limited number of loans, if any, reflected in the Review Results Summary were subject to such external quality control evaluations.

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(9) Disclaimer.

Except as expressly enumerated above, please be advised that SitusAMC has not performed any review to determine whether the mortgage loans covered in this Report complied with federal, state or local laws, constitutional provisions, regulations, ordinances or any other laws or guidance, including, without limitation, licensing and general usury laws (“Applicable Law”). Further, there can be no assurances that in performing the review and preparing this Report that SitusAMC has uncovered all relevant factors and potential issues relating to the origination of the mortgage loans, their compliance with Applicable Law, or the original appraisals relating to the mortgaged properties, or that SitusAMC has uncovered all relevant factors that could affect the future performance of the mortgage loans. Please note that the results set forth in this Report are dependent upon receipt of complete and accurate data regarding the mortgage loans from mortgage loan originators, sponsors, issuers, underwriters, and other third parties upon which SitusAMC is relying in reaching such results. Except as expressly stated herein, SitusAMC did not verify the data relied upon in performing its review and producing this Report. In addition, the findings and conclusions set forth in this Report are provided on an “as is” basis and are based on available information and Applicable Law as of the date of this Report, and SitusAMC does not undertake any obligation to update or provide any revisions to this Report to reflect events, circumstances, changes in Applicable Law, or changes in expectations after the date this Report was issued. SitusAMC also hereby disclaims any representation or warranty as to accuracy or completeness of the Report, the inclusion or omission of any facts or information, or as to its suitability, sufficiency, or appropriateness for the purposes of the transaction parties or investors or the use of the Report in preparation of any other document in connection with the subject transaction.).

Please be further advised that SitusAMC does not employ personnel who are licensed to practice law in the various jurisdictions covered in this Report, and the results set forth in this Report do not constitute legal advice or legal opinions whatsoever. The findings are recommendations or conclusions based on information provided to SitusAMC and are not statements of fact or legal conclusions. Information contained in the Report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce, or otherwise allow claims beyond the statute of limitations identified in the Report based on certain factors, including the facts and circumstances of an individual mortgage loan. The authorities administering the Applicable Law that was part of the review have broad discretionary powers which may permit such authorities, among other things, to withdraw exemptions accorded by statute or regulation, to impose additional requirements or to reach a conclusion that is not consistent with the results set forth in the Report. All decisions as to whether to issue, purchase, hold, sell or otherwise transact in securities backed by the mortgage loans reviewed in this Report, any investment strategy, and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such securities, shall be made solely by the parties to or investors in the transaction. The results set forth in this Report do not constitute tax or investment advice. The scoring models in this Report are designed to identify potential risk in the securities backed by the mortgage loans reviewed, and each party or investor assumes sole responsibility for determining the suitability of the information for its particular use. SitusAMC does not make any representation or warranty (express or implied) as to the value of any mortgage loan or mortgage loan’s collateral that has been reviewed by SitusAMC.

SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs listed in the Form ABS Due Diligence-15E.

OVERALL REVIEW RESULTS SUMMARY

There were forty-six (46) Loans reviewed by AMC. After all documents were presented, under the applicable S&P NRSRO grading criteria 35 (76.09%) had an Overall grade of “A” and 11 (23.91%) had an Overall grade of “B”.

S&P Overall Loan Grades
Final Loan Grade	# of Loans	% of Loans
A	35	76.09%
B	11	23.91%
C	0	0.00%
D	0	0.00%
Total	46	100.00%

COMPLIANCE RESULTS SUMMARY

Twenty-three (23) Loans are DSCR loans and did not have a compliance grade. After all documents were presented, under the applicable S&P NRSRO grading criteria, 20 (86.96%) had a Compliance grade of “A” and 3 (13.04%) had a Compliance grade of “B”.

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S&P Compliance Loan Grades
Final Loan Grade	# of Loans	% of Loans
A	20	86.96%
B	3	13.04%
C	0	0.00%
D	0	0.00%
Total	23	100.00%

CREDIT RESULTS SUMMARY

All forty-six (46) Loans (100%) reviewed received an “A” or “B” Credit grade.

Credit Loan Grades
Final Loan Grade	# of Loans	% of Loans
A	37	80.43%
B	9	19.57%
C	0	0.00%
D	0	0.00%
Total	46	100.00%

PROPERTY/VALUATION RESULTS SUMMARY

All forty-six (46) Loans (100%) reviewed under the applicable rating agency criteria, received an “A” Property grade.

Property Loan Grades
Final Loan Grade	# of Loans	% of Loans
A	46	100.00%
B	0	0.00%
C	0	0.00%
D	0	0.00%
Total	46	100.00%

EXCEPTION CATEGORY SUMMARY

The table below summarizes the individual exceptions which carried an associated “B”, “C”, or “D” level exception grade. One Loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of “B”, a Credit Grade of “A”, and a Property Grade of “A” would receive an overall loan grade of “B”).

Exception Type	S&P Final Exception Rating	Exception Category	Total
Compliance	B	TRID Defect	2
		State HPML	1
		*Total Compliance Grade (B) Exceptions:*	3
Total Compliance Exceptions:			3
Credit	B	Guideline	6
		Loan Package Documentation	3
		Credit	1
		*Total Credit Grade (B) Exceptions:*	10
Total Credit Exceptions:			10
Total Property Exceptions:			0
Grand Total:			13

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TAPE INTEGRITY REVIEW RESULTS SUMMARY

Of the forty-six (46) Loans reviewed, thirty-six (36) unique Loans had a total of two hundred eighty-six (286) different tape discrepancies across thirty-eight (38) data fields (some Loans had more than one data delta). The largest variances were found on Contract Sales Price and Note Date where the data tape information did not coincide with the documentation type found in the loan file.

Field Label	Loans With Discrepancy	Total Times Compared	% Variance	# Of Loans
# of Units	0	14	0.00%	46
Amortization Term	12	14	85.71%	46
Amortization Type	0	46	0.00%	46
Appraisal As-Is Value	11	13	84.62%	46
Appraisal Effective Date	12	13	92.31%	46
Appraised Value	2	13	15.38%	46
Blanket Mortgage?	5	7	71.43%	46
Borrower Citizenship	5	13	38.46%	46
Borrower EIN	4	4	100.00%	46
Borrower First Name	9	46	19.57%	46
Borrower FTHB	4	11	36.36%	46
Borrower Last Name	13	46	28.26%	46
Borrower SSN	7	8	87.50%	46
Cash From Borrower	10	10	100.00%	46
Cash To Borrower	3	3	100.00%	46
City	0	46	0.00%	46
Coborrower First Name	0	5	0.00%	46
Coborrower Last Name	0	5	0.00%	46
Contract Sales Price	17	43	39.53%	46
Decision System	1	1	100.00%	46
Doc Type	6	6	100.00%	46
Escrow Account	0	13	0.00%	46
First Payment Date	12	45	26.67%	46
Interest Only	12	13	92.31%	46
Interest Only Period	0	1	0.00%	46
Investor: Qualifying Total Debt Ratio	3	23	13.04%	46
Last Property Transfer Date	4	5	80.00%	46
Lien Position	0	46	0.00%	46
Loan Property Count	7	13	53.85%	46
Loan to Cost (LTC)	4	4	100.00%	46

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LTV Valuation Value	1	32	3.13%	46
Maturity Date	12	13	92.31%	46
Neg Am	12	13	92.31%	46
Note Date	16	46	34.78%	46
Occupancy	0	14	0.00%	46
Original CLTV	3	46	6.52%	46
Original HLTV	12	13	92.31%	46
Original Interest Rate	0	46	0.00%	46
Original Loan Amount	0	46	0.00%	46
Original LTV	1	46	2.17%	46
Original P&I	12	13	92.31%	46
Original Term	0	45	0.00%	46
PITIA Reserves Months	13	13	100.00%	46
Prepayment Penalty Period (months)	0	7	0.00%	46
Product Description	13	13	100.00%	46
Property Type	9	46	19.57%	46
Purpose	0	46	0.00%	46
Refi Purpose	0	22	0.00%	46
Representative FICO	2	46	4.35%	46
State	0	46	0.00%	46
Street	2	46	4.35%	46
Subject Debt Service Coverage Ratio	2	15	13.33%	46
Total Income	6	6	100.00%	46
Universal Loan Identifier (ULI)	7	8	87.50%	46
Zip	0	46	0.00%	46
Total	286	1,263	22.64%	46

ADDITIONAL LOAN POPULATION SUMMARY (some totals may not add due to rounding)

Amortization Type	Loan Count	% of Loans	Original Balance	% of Balance
Fixed	46	100.00%	$33,565,116.00	100.00%
Total	46	100.00%	$33,565,116.00	100.00%

Lien Position	Loan Count	% of Loans	Original Balance	% of Balance
1	46	100.00%	$33,565,116.00	100.00%
Total	46	100.00%	$33,565,116.00	100.00%

Loan Purpose	Loan Count	% of Loans	Original Balance	% of Balance
Cash Out: Other/Multi-purpose/Unknown Purpose	19	41.30%	$9,919,950.00	29.55%
First Time Home Purchase	7	15.22%	$6,836,716.00	20.37%
Other-than-first-time Home Purchase	16	34.78%	$12,313,450.00	36.69%
Rate/Term Refinance - Borrower Initiated	4	8.70%	$4,495,000.00	13.39%
Total	46	100.00%	$33,565,116.00	100.00%

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Original Term	Loan Count	% of Loans	Original Balance	% of Balance
241-360 Months	44	95.65%	$31,402,616.00	93.56%
361+ Months	2	4.35%	$2,162,500.00	6.44%
Total	46	100.00%	$33,565,116.00	100.00%

Property Type	Loan Count	% of Loans	Original Balance	% of Balance
Single Family Detached	26	56.52%	$16,073,920.00	47.89%
Condo, High Rise	3	6.52%	$4,170,400.00	12.42%
PUD	6	13.04%	$4,936,316.00	14.71%
1 Family Attached	1	2.17%	$104,000.00	0.31%
2 Family	5	10.87%	$2,071,300.00	6.17%
3 Family	2	4.35%	$3,622,680.00	10.79%
4 Family	3	6.52%	$2,586,500.00	7.71%
Total	46	100.00%	$33,565,116.00	100.00%

Occupancy	Loan Count	% of Loans	Original Balance	% of Balance
Primary	18	39.13%	$20,197,721.00	60.17%
Investment	25	54.35%	$10,743,145.00	32.01%
Second Home	3	6.52%	$2,624,250.00	7.82%
Total	46	100.00%	$33,565,116.00	100.00%

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Rating Agency Grades

Run Date - 6/5/2025 10:55:09 AM

LOAN INFORMATION

INITIAL CREDIT LOAN GRADES

INITIAL COMPLIANCE LOAN GRADES

INITIAL PROPERTY LOAN GRADES

INITIAL OVERALL LOAN GRADES

FINAL CREDIT LOAN GRADES

FINAL COMPLIANCE LOAN GRADES

FINAL PROPERTY LOAN GRADES

FINAL OVERALL LOAN GRADES

AMC Loan ID

Customer Loan ID

Seller Loan ID

Investor Loan Number

Deal Number

Original Loan Amount

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

DBRS

Fitch

Kroll

Moody's

S&P

Morningstar

222613131

1052774487

222663192

1052831849

222663255

240923602

222979896

241225707

222979897

241225737

222979898

241225761

222979899

1052871220

222979900

1052871276

222979901

1052866392

222979909

240923511

222979910

241225795

222979911

1052873139

222979912

241225551

222979913

1052872767

222979914

241024786

222979915

241226039

222979916

241225876

222979917

240923873

223089477

1052883974

223283412

250126072

223283413

241225941

223283414

250126429

223283416

241225893

223283417

241225517

223283418

241125466

223283420

250126497

223283421

250226737

223283422

250126681

223283425

250226698

223283429

250226981

223283430

241225719

223283431

1052883944

223283432

1052884008

223283433

1052924524

223283435

1052894361

223283436

1052883490

223283438

250126162

223283439

250126297

223283441

250226743

223283442

250226720

223283446

250126679

223283447

250226931

223283449

250126648

223283453

250227212

223283456

250126220

223456769

1052753061

Exception Grades

Run Date - 6/5/2025 10:55:09 AM

SitusAMC Loan ID

Customer Loan ID

Seller Loan ID

Investor Loan Number

Loan Exception ID

Exception ID

Exception Date

Exception Type

Exception Category

Exception Subcategory

15E Category

Exception

Exception Detail

Exception Information

Compensating Factors

Compensating Factor Information

Applying Party

Follow-up Comments

Cleared Date

Cured Date

Waived Date

Exception Level Grade

DBRS Initial Exception Rating

DBRS Final Exception Rating

Fitch Initial Exception Rating

Fitch Final Exception Rating

Kroll Initial Exception Rating

Kroll Final Exception Rating

Moody's Initial Exception Rating

Moody's Final Exception Rating

S&P Initial Exception Rating

S&P Final Exception Rating

Note Date

Property State

Occupancy

Purpose

Exception Remediation

Overall
Initial Loan Grade

Overall
Final Loan Grade

Credit
Initial Loan Grade

Credit
Final Loan Grade

Compliance
Initial Loan Grade

Compliance
Final Loan Grade

Property
Initial Loan Grade

Property
Final Loan Grade

Originator QM ATR Status

TPR QM ATR Status

Is Curable

222613131

1052774487

32430089

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Escrow Instructions do not provide the Title Policy Amount required.

Reviewer Comment (2024-09-09): Final Title policy Received. Exception cleared

Buyer Comment (2024-09-06): title

09/09/2024

Primary

Refinance - Cash-out - Other

Non QM

222613131

1052774487

32430088

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-09-09): Final Title policy Received. Exception cleared

09/09/2024

Primary

Refinance - Cash-out - Other

Non QM

222613131

1052774487

32430091

Property

Valuation

Valuation Issue

Valuation

[redacted] program guidelines require a CDA (Desk Review)

At Underwriter's discretion, the seller may order an appraisal desk review product from a vendor listed on the Approved Appraisal Desk Review Vendors. Please clarify if this would be required.

Reviewer Comment (2024-09-03): CDA not required.

09/03/2024

Primary

Refinance - Cash-out - Other

Non QM

222663192

1052831849

32499920

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Amount Financed Test

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]).

Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate

Reviewer Comment (2024-11-04): Itemization of title fees provided

Seller Comment (2024-11-01): Lender Certification
[redacted] Lender Cert.pdf (Unclassified) was uploaded

Reviewer Comment (2024-10-31): [redacted] received rebuttal on lender calculations. [redacted]does not include Document Preparation fees into finance charges. Regarding the Title-Departmentals/Title $[redacted], [redacted]is unable to determine what services and purpose the Title-Departmentals/Title represents to determine if a finance charge. Please provide a lender attestation giving the specific purpose and services included in this fee in order to determine if finance charge for testing.

Seller Comment (2024-10-30): the reviewer are not including the lender paid doc prep ($[redacted]) in their finance charge but are adding in full departs and title searches ([redacted]) which are not APR. That would make up the cited $[redacted]difference.

$[redacted] Doc Prep if paid to Lender is an APR fee
$redacted Title Searches are not APR fees
redacted Mavent TILA.pdf (Compliance Testing) was referenced

11/04/2024

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

Non QM

222663192

1052831849

32499921

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Finance charge disclosed on Final Closing Disclosure as $[redacted] Calculated Finance Charge is $[redacted] for an over disclosed amount of $[redacted] Reason for Finance Charge over disclosure is unknown

Reviewer Comment (2024-11-04): Itemization of title fees provided

Seller Comment (2024-11-01): [redacted] Lender Cert.pdf (Unclassified) was referenced

Reviewer Comment (2024-10-31): [redacted] received rebuttal on lender calculations. [redacted] does not include Document Preparation fees into finance charges. Regarding the Title-Departmentals/Title $[redacted], [redacted] is unable to determine what services and purpose the Title-Departmentals/Title represents to determine if a finance charge. Please provide a lender attestation giving the specific purpose and services included in this fee in order to determine if finance charge for testing.

Seller Comment (2024-10-30): the reviewer are not including the lender paid doc prep ($[redacted]) in their finance charge but are adding in full departs and title searches ([redacted]) which are not APR. That would make up the cited $[redacted]difference.

$[redacted] Doc Prep if paid to Lender is an APR fee
$[redacted] Title Searches are not APR fees
[redacted] Mavent TILA.pdf (Compliance Testing) was uploaded

11/04/2024

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

Non QM

222663192

1052831849

32499923

Compliance

State Compliance

State HPML

[redacted] Subprime Home Loan Threshold Fixed Compliant

[redacted] Subprime Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is in excess of allowable threshold of Prime Mortgage Market Rate [redacted] + [redacted]%, or [redacted]%. Compliant SubPrime Loan.

Buyer Comment (2024-11-05): [redacted] acknowledges and waives this non-material [redacted] Subprime EV2 finding

Seller Comment (2024-10-30): This is a [redacted] subprime loan

11/05/2024

Primary

Purchase

(Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place.

Non QM

222663255

240923602

32500233

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC,Aggregator

Reviewer Comment (2024-11-11): Client elects to waive with compensating factors.

11/11/2024

Investment

Refinance - Cash-out - Other

N/A

222979897

241225737

32965082

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

Hazard Insurance Coverage Amount is insufficient by $[redacted]. The [redacted]checklist was not located in the file.

Reviewer Comment (2025-01-31): Received required documentation. Condition cleared.

Buyer Comment (2025-01-31): Email from insurance agent and RCE uploaded for review.

01/31/2025

Investment

Refinance - Cash-out - Other

N/A

222979899

1052871220

32965086

Credit

Miscellaneous

Guideline

Credit Exception:

Approved Lender Exception to waive the ACH requirement. Unable to downgrade and waive due to missing lenders compensating factors.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Reserves: [redacted]
Guideline Requirement: [redacted]

SitusAMC,Aggregator

Aggregator,SitusAMC

SitusAMC

Reviewer Comment (2025-01-16): Client elects to waive with comp factors.

Seller Comment (2025-01-16): we are hoping to get this waived as this is an experienced repeat client with a credit score exceeding [redacted] and completed this transaction cashing out over $[redacted]indicating substantial reserves. Please advise.

01/16/2025

Investment

Refinance - Cash-out - Other

N/A

222979900

1052871276

32965089

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Corporate Resolution not provided

Corporate Resolution signed by all the members of the borrowing business entity not provided.

Reviewer Comment (2025-01-17): Received corporate resolution signed by all members. Exception cleared.

Seller Comment (2025-01-16): Corp resolution attached
Corp Resolution.pdf (Unclassified) was uploaded

Reviewer Comment (2025-01-16): Kindly provide Corporate Resolution signed by all the members of the borrowing business entity. Exception remains.

Seller Comment (2025-01-15): Business Formation Docs.pdf (Unclassified) was referenced

01/17/2025

Investment

Refinance - Cash-out - Other

N/A

222979900

1052871276

32965091

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Employer Identification Number (EIN) not provided

Employer Identification Number (EIN) not provided.

Reviewer Comment (2025-01-16): Employer Identification Number (EIN) document received and updated. Exception cleared.

Seller Comment (2025-01-15): Business Formation Docs.pdf (Unclassified) was referenced

01/16/2025

Investment

Refinance - Cash-out - Other

N/A

222979900

1052871276

32965090

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Operating Agreement not provided

Operating Agreement of borrowing business entity not provided.

Reviewer Comment (2025-01-16): Operating Agreement received and updated. Exception cleared.

Seller Comment (2025-01-15): Business Formation Docs.pdf (Unclassified) was referenced

01/16/2025

Investment

Refinance - Cash-out - Other

N/A

222979900

1052871276

32965088

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Certificate of Good Standing not provided

Certificate of Good Standing of borrowing business entity not provided.

Reviewer Comment (2025-01-16): Certificate of Good Standing document received and uploaded. Exception cleared.

Seller Comment (2025-01-15): Business Formation Docs.pdf (Unclassified) was referenced

01/16/2025

Investment

Refinance - Cash-out - Other

N/A

222979900

1052871276

32965087

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Articles of Organization/Formation not provided

Articles of Organization/Formation of borrowing business entity not provided.

Reviewer Comment (2025-01-17): Received Articles of Organization/Formation. Exception cleared.

Seller Comment (2025-01-16): Please see the attached Operating agreement. and [redacted] look up for provided earlier as well.
EIN AND OPERATING AGREEMENT.pdf (Unclassified) was uploaded

Reviewer Comment (2025-01-16): Provided document is Filing Receipt, Kindly provide Articles of Organization/Formation of borrowing business entity. Exception remains.

Seller Comment (2025-01-15): please see attached
Business Formation Docs.pdf (Unclassified) was uploaded

01/17/2025

Investment

Refinance - Cash-out - Other

N/A

222979909

240923511

32965130

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

List of Homeownership Counseling Organizations is missing.

Reviewer Comment (2025-01-13): Received required documentation. Condition cleared.

Buyer Comment (2025-01-13): Housing counselors disclosure uploaded for review.

01/13/2025

Second Home

Purchase

Non QM

222979909

240923511

32965133

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

[redacted]k used for Asset Utilization income is missing statement from [redacted]. Guidelines require [redacted] months statements for asset utilization accounts and file contains only [redacted] months for this account, resulting in a Loan Designation discrepancy.

Reviewer Comment (2025-01-14): Loan is NonQM

Buyer Comment (2025-01-13): The documentation was provided in the trailing docs, Doc ID D[redacted], please advise.

Reviewer Comment (2025-01-13): Escalated to [redacted] compliance.

Buyer Comment (2025-01-10): [redacted] statement for [redacted] uploaded to trailing docs for review.

01/14/2025

Second Home

Purchase

Lender to provide updated ATR/QM status

Non QM

Yes

222979909

240923511

32965134

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Asset Depletion Income

Ability to Repay (Dodd-Frank 2014): Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing.

[redacted] used for Asset Utilization income is missing statement from [redacted]. Guidelines require [redacted] months statements for asset utilization accounts and file contains only [redacted] months for this account, causing an ATR failure.

Reviewer Comment (2025-01-13): Date of bank statements are within lender guides age of documentation. Condition cleared.

Buyer Comment (2025-01-10): [redacted] statement for [redacted] uploaded for review.

01/13/2025

Second Home

Purchase

Non QM

222979910

241225795

32965149

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - ATR Impact

Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.)

ATR failure due to missing income documentation: Lease agreement for property at [redacted] not provided in file.

Reviewer Comment (2025-01-31): Received updated instructions and 1008. Condition cleared.

Buyer Comment (2025-01-31): The negative rents from [redacted] of $[redacted] have been applied to the borrowers income. The DTI is now [redacted]%. The 1008, 1003 and approval have been submitted for review.

01/31/2025

Primary

Purchase

Non QM

222979910

241225795

32965150

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.

ATR failure due to missing income documentation: Lease agreement for property at [redacted] not provided in file.

01/31/2025

Primary

Purchase

Non QM

222979910

241225795

32965148

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

Lease agreement for property at [redacted] not provided in file.

01/31/2025

Primary

Purchase

Non QM

222979910

241225795

32965147

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied.

ATR failure due to missing income documentation: Lease agreement for property at [redacted] not provided in file.

Reviewer Comment (2025-01-31): Received updated instructions and 1008. Condition cleared.

01/31/2025

Primary

Purchase

Non QM

222979910

241225795

32965145

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

ATR failure due to missing income documentation: Lease agreement for property at [redacted] not provided in file.

Reviewer Comment (2025-01-31): Received updated instructions and 1008. Condition cleared.

Buyer Comment (2025-01-31): The negative rents from [redacted] of $[redacted]have been applied to the borrowers income. The DTI is now [redacted]%. The 1008, 1003 and approval have been submitted for review.

01/31/2025

Primary

Purchase

Lender to provide updated ATR/QM status

Non QM

Yes

222979910

241225795

32965144

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

Lease agreement for [redacted] property not provided in file.

01/31/2025

Primary

Purchase

Non QM

222979910

241225795

32965143

Compliance

Federal Compliance

TRID

TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD

TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing.

Final CD seller fees: $[redacted]. Seller Cd seller fees: $[redacted].

Reviewer Comment (2025-01-21): Final CD received.

01/21/2025

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

Non QM

Yes

222979910

241225795

32965142

Compliance

Federal Compliance

RESPA

RESPA - Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.

Final CD shows monthly escrow as $[redacted]. Initial escrow disclosure shows monthly payment of $[redacted] In addition, the initial deposit on the IEAD reflects $[redacted], however the CD shows the initial deposit as $[redacted]

Reviewer Comment (2025-01-21): Final CD received.

Buyer Comment (2025-01-17): Submitted Final CD with page [redacted] matching [redacted] escrows for review. Document appears to have not been downloaded with the initial shipping package.

01/21/2025

Primary

Purchase

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required.
If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

Non QM

Yes

222979910

241225795

32965146

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - REO [redacted]% Method

Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([redacted]% Method) using reasonably reliable third-party records.

Lease agreement for property at [redacted] not provided in file.

01/31/2025

Primary

Purchase

Non QM

222979912

241225551

32965161

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Income calculated is slightly lower than lender calculations. Rental loss of $[redacted] was deducted from gross income.

Reviewer Comment (2025-01-28): Received required documentation. Condition cleared.

Reviewer Comment (2025-01-28): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%.

Buyer Comment (2025-01-27): Submitted updated 1003, 1008, and Approval with negative rents of -$[redacted] being subtracted from income. [redacted] student loan #[redacted]had an incorrect monthly payment listed of $[redacted]. This account is deferred with all other student loans documented in the student loan letter under doc ID [redacted], and with no payment is listed on credit report.

01/28/2025

Primary

Refinance - Cash-out - Other

Non QM

222979912

241225551

32965162

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Income calculated is slightly lower than lender calculations. Rental loss of $[redacted]was deducted from gross income.

Reviewer Comment (2025-01-28): Received required documentation. Condition cleared.

Buyer Comment (2025-01-27): Submitted updated 1003, 1008, and Approval with negative rents of -$[redacted] being subtracted from income. [redacted] student loan #[redacted] had an incorrect monthly payment listed of $[redacted]. This account is deferred with all other student loans documented in the student loan letter under doc ID [redacted], and with no payment is listed on credit report.

01/28/2025

Primary

Refinance - Cash-out - Other

Lender to provide updated ATR/QM Loan Designation

Non QM

Yes

222979912

241225551

32965163

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Income calculated is slightly lower than lender calculations. Rental loss of $[redacted]was deducted from gross income.

Reviewer Comment (2025-01-28): Received required documentation. Condition cleared.

Buyer Comment (2025-01-27): Submitted updated 1003, 1008, and Approval with negative rents of -$[redacted]being subtracted from income. [redacted] student loan #[redacted]had an incorrect monthly payment listed of $[redacted]. This account is deferred with all other student loans documented in the student loan letter under doc ID [redacted], and with no payment is listed on credit report.

01/28/2025

Primary

Refinance - Cash-out - Other

Non QM

222979912

241225551

32965164

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Income calculated is slightly lower than lender calculations. Rental loss of $[redacted]was deducted from gross income.

Reviewer Comment (2025-01-28): Received required documentation. Condition cleared.

Buyer Comment (2025-01-27): Submitted updated 1003, 1008, and Approval with negative rents of -$[redacted]being subtracted from income. [redacted] student loan #[redacted]had an incorrect monthly payment listed of $[redacted]. This account is deferred with all other student loans documented in the student loan letter under doc ID [redacted], and with no payment is listed on credit report.

01/28/2025

Primary

Refinance - Cash-out - Other

Non QM

222979913

1052872767

32965167

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien

TRID Final Closing Disclosure [redacted] on a first lien [redacted] transaction did not disclose any Seller paid fees/charges on page [redacted].

The loan file does not contain a copy of the Seller Closing Disclosure. The borrower's Closing Disclosure does not reflect fees paid by the seller.

Reviewer Comment (2025-01-29): [redacted] received Seller CD.

Seller Comment (2025-01-27): We don't show seller Fees on Borrowers CD. See attached Seller CD and Settlement stmt for seller fees
[redacted] Settlement STMT and Seller CD.pdf (Unclassified) was uploaded

01/29/2025

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

Non QM

Yes

222979914

241024786

32965172

Compliance

Federal Compliance

Federal Defect

(Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees)

Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees of $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted] or .[redacted]%). Non-Compliant High Cost Loan.

Points and Fees total $[redacted]on a Total Loan Amount of $[redacted], versus an allowable total of $[redacted]. This results in an overage of $[redacted]or [redacted]%.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provide PCCD which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted]however per the information provided (see attached) $[redacted]should be excluded from the calculation.

02/03/2025

Primary

Purchase

(1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted.

Non QM

Yes

222979914

241024786

32965181

Credit

Miscellaneous

Credit

A copy of Asset Verification Report is not on file.

Lender exception request for co-borrower to have [redacted]fico (guidelines required all borrowers to have a minimum [redacted]fico) is approved.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted]

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this [redacted] transaction of at least [redacted]% and $[redacted] .

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has been employed in the same industry for more than [redacted] years.

Reserves: [redacted]
Guideline Requirement: [redacted]

Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC

SitusAMC

Reviewer Comment (2025-01-31): Client elects to waive with compensating factors.

01/31/2025

Primary

Purchase

Non QM

222979914

241024786

32965179

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Fee Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Credit report fee am mount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2025-01-30): Sufficient Cure Provided At Closing

01/30/2025

Primary

Purchase

Final CD evidences Cure

Non QM

Yes

222979914

241024786

32965177

Compliance

State Compliance

State Defect

(State High Cost) Texas High-Cost Loan (Points and Fees)

[redacted] Anti-Predatory Lending Statute: Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Total Loan Amount. Points and Fees total $[redacted]on a Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or .[redacted]%). Compliant High Cost Loan.

Points and Fees total $[redacted]on a Total Loan Amount of $[redacted], versus an allowable total of $[redacted]. This results in an overage of $[redacted]or [redacted]%.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provided PCCD which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted] however per the information provided (see attached document uploaded to trailing docs) $[redacted] should be excluded from the calculation.

02/03/2025

Primary

Purchase

No obvious cure

Non QM

222979914

241024786

32965173

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement)

Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling.

Waterfall due to points and fees. State disclosure not provided.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provide PCCD which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted]however per the information provided (see attached document uploaded to trailing docs) $[redacted] should be excluded from the calculation.

02/03/2025

Primary

Purchase

Non QM

222979914

241024786

32965171

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge)

Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of [redacted]% of the amount past due or grace period of less than [redacted]days.

Waterfall due to points and fees. State disclosure not provided.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provide PCCD which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted] however per the information provided (see attached document uploaded to trailing docs) $[redacted]should be excluded from the calculation.

02/03/2025

Primary

Purchase

Non QM

222979914

241024786

32965170

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees)

Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees.

Waterfall due to points and fees. State disclosure not provided.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provide [redacted] which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted] however per the information provided (see attached document uploaded to trailing docs) $[redacted] should be excluded from the calculation.

02/03/2025

Primary

Purchase

Non QM

222979914

241024786

32965169

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided)

Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower

Waterfall due to points and fees. State disclosure not provided.

Reviewer Comment (2025-02-03): Evidence of discount rate provided.

Reviewer Comment (2025-02-03): Final CD provided confirms loan discount points [redacted]% of loan amount which is $[redacted]. due to which it reflects as high-cost loan, please provide [redacted] which was sent to the borrower with lower discount points. Exception Remains.

Buyer Comment (2025-01-31): This is not a High-Cost loan. Your portal reflects inclusion of loan discount points in the amount of $[redacted] however per the information provided (see attached document uploaded to trailing docs) $[redacted] should be excluded from the calculation.

02/03/2025

Primary

Purchase

Non QM

222979917

240923873

32965197

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date

Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted]) business days from transaction date of [redacted] AM.

Subject loan transaction disbursed on [redacted], prior to [redacted] ([redacted]) business days from transaction date of [redacted]. Discrepancy is due to the dates on the final CD

Reviewer Comment (2025-01-10): Received required documentation. Condition cleared.

Buyer Comment (2025-01-07): PCCD documentation and final SS uploaded for review.

01/10/2025

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

Non QM

Yes

222979917

240923873

32965198

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___
Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC

Reviewer Comment (2025-02-03): Client elects to waive with inspection prior to disaster date.

Buyer Comment (2025-01-30): [redacted] uploaded for review.

02/03/2025

Primary

Refinance - Rate/Term

Non QM

223283412

250126072

33303776

Credit

Credit Calculation / Analysis

Guideline

Guideline Requirement: Representative FICO score discrepancy.

Representative FICO score of ___ is less than Guideline representative FICO score of ___.

Lender approved exception for recent [redacted]residence converted to [redacted]property/considered an FTI. FICO mid score is [redacted] point below minimum required [redacted]. Compensating Factors: [redacted](borrower is currently due for [redacted]), DSCR [redacted], FICO: [redacted], and [redacted]months reserves with cash out.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Reserves: [redacted]
Guideline Requirement: [redacted]

Aggregator,SitusAMC

Reviewer Comment (2025-02-06): Client elects to waive with comp factors.

02/06/2025

Investment

Refinance - Cash-out - Other

N/A

223283414

250126429

33303778

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

Credit report not provided in file.

Reviewer Comment (2025-02-26): Received Credit Report. Exception Cleared.

Buyer Comment (2025-02-21): Credit report uploaded for review.

02/26/2025

Investment

Purchase

N/A

223283414

250126429

33303780

Credit

Credit Calculation / Analysis

Guideline

Guideline Requirement: Representative FICO score discrepancy.

Credit report not provided in file.

Reviewer Comment (2025-02-26): Received Credit Report. Exception Cleared.

Buyer Comment (2025-02-21): Credit report uploaded to trailing docs for review.

02/26/2025

Investment

Purchase

N/A

223283414

250126429

33303781

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Required [redacted] months reserves not provided in file.

Reviewer Comment (2025-02-24): Per guide, file where DSCR is [redacted]+, no reserves are required. Updated AUS screen. Exception cleared.

Buyer Comment (2025-02-21): Per section [redacted] of the guidelines reserves are not required with DSCR of [redacted]%+. Also please correct your DSCR calculation, the subject ITIA should be $[redacted]. The taxes should be calculated per the final 1008 "Tax calc: used current tax bill as allowed per guidelines. Current taxes have a large exemption since owners are a life estate. To qualify, used the assessed value of $[redacted]x [redacted]millage rate = $[redacted] = $[redacted]mth. No exemptions applied.", the accurate DSCR calculation is $[redacted]market rents/$[redacted]ITIA = [redacted]or [redacted]% DSCR.

02/24/2025

Investment

Purchase

N/A

223283420

250126497

33303789

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of $[redacted] is less than Cash From Borrower $[redacted]

Reviewer Comment (2025-03-21): Received bank statement for the account #[redacted]. Exception Cleared.

Buyer Comment (2025-03-19): Per the [redacted] [redacted] transaction history the balance on account as of [redacted] is $[redacted]+ $[redacted][redacted] [redacted]+ $[redacted] [redacted] [redacted]= $[redacted]verified assets, which is sufficient to cover the funds to close in the amount of $[redacted]. Per section [redacted]of the [redacted] guidelines reserves are not required with DSCR of [redacted]%(+).

Reviewer Comment (2025-03-19): Exception Remains - Received Appraisal and Credit invoice which paid outside closing, Still funds are insufficient to cover cash from borrower.

Buyer Comment (2025-03-18): [redacted] [redacted] transaction history (amount prior to closing reflects $[redacted] available for closing), appraisal and credit report invoices uploaded for review.

03/21/2025

Investment

Refinance - Rate/Term

N/A

223283421

250226737

33303790

Credit

Miscellaneous

Guideline

Credit Exception:

Lender approved exception for property appraisal reflects subject market area as rural and town has a pop [redacted] which is below [redacted] per guidelines. Property meets all other guidelines for acceptance of rural property as is within [redacted]miles of [redacted]. Compensating Factors: [redacted]FICO is significantly higher than [redacted]FICO required for loan program/LTV. Borrower owns multiple rental over [redacted] months, and Borrower has several paid as [redacted] on credit report.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Aggregator,SitusAMC

Reviewer Comment (2025-03-03): Client elects to waive with comp factors.

03/03/2025

Investment

Refinance - Cash-out - Other

N/A

223283431

1052883944

33303803

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Articles of Organization/Formation not provided

Articles of Organization/Formation is missing.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Aggregator,SitusAMC

Reviewer Comment (2025-03-11): Client elects to waive and downgrade with comp factors.

Buyer Comment (2025-03-11): Approved

Comp Factors: [redacted] & FICO

Buyer Comment (2025-02-21): approved with additonal -[redacted] LLPA

Reviewer Comment (2025-01-31): Received Certificate of Formation. Required Articles of Organization. Exception Remains

Seller Comment (2025-01-30): [redacted]- LLC DOCS.pdf (Unclassified) was uploaded

Seller Comment (2025-01-30): [redacted]- OPERATING AGREEMENT.pdf (Unclassified) was uploaded

03/11/2025

Investment

Refinance - Rate/Term

N/A

223283431

1052883944

33303804

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Certificate of Good Standing not provided

Certificate of Good Standing is missing.

Reviewer Comment (2025-01-31): Received Certificate of Good Standing. Exception Cleared.

Seller Comment (2025-01-30): [redacted]- LLC DOCS.pdf (Unclassified) was uploaded

Seller Comment (2025-01-30): [redacted]- CERTIFICATE OF GOOD STANDING.pdf (Unclassified) was uploaded

01/31/2025

Investment

Refinance - Rate/Term

N/A

223283431

1052883944

33303805

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.

Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Aggregator,SitusAMC

Reviewer Comment (2025-02-07): Client elects to waive with comp factors.

Buyer Comment (2025-02-07): [redacted] approves lender exception for reserves less than [redacted] mo req. based on FICO [redacted]+ pts above min and [redacted]housing history
1008 - [redacted] ([redacted]).pdf (Underwriting Summary) was uploaded

Reviewer Comment (2025-02-03): Total Asset verified: $[redacted] [redacted]+ $[redacted][redacted] + $[redacted] [redacted] = $[redacted]. Asset available for reserves are $[redacted]less than minimum reserves requirement of $[redacted]. Exception remains.

Seller Comment (2025-01-30): see new 1008 with the breakdown of assets needed to close plus reserves calculation.Cash needed is $[redacted]. Cash verified via [redacted] statements is $[redacted]. this loan is not short.

Seller Comment (2025-01-30): [redacted]- [redacted].pdf (Unclassified) was uploaded

Seller Comment (2025-01-30): [redacted] [redacted]- CD CONSUMMATION.pdf (Unclassified) was uploaded

Seller Comment (2025-01-30): [redacted] [redacted]- ASSETS.pdf (Unclassified) was uploaded

02/07/2025

Investment

Refinance - Rate/Term

N/A

223283431

1052883944

33303802

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final 1003

1003 Final is missing.

Reviewer Comment (2025-02-03): Received final 1003 application. Exception Cleared.

Seller Comment (2025-01-30): [redacted]- FINAL 1003.pdf (Unclassified) was uploaded

02/03/2025

Investment

Refinance - Rate/Term

N/A

223283435

1052894361

33303815

Credit

Documents

Missing Document

Documents

File does not contain documentation from lender/seller confirming the condo is warrantable.

File does not contain documentation from lender confirming the condo is warrantable

Reviewer Comment (2025-02-06): Exception cleared. Received Condo Questionnaire and updated correctly.

Seller Comment (2025-02-04): see attached
[redacted] Condo Questionare.pdf (Unclassified) was uploaded

02/06/2025

Primary

Purchase

Non QM

223283435

1052894361

33303818

Credit

Miscellaneous

Guideline

Credit Exception:

Lender approved exception for New Condo Project. HOAs not yet turned over to the unit owners. Compensating Factor: FICO

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted]

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

SitusAMC

SitusAMC

Aggregator,SitusAMC

Reviewer Comment (2025-02-01): Client elects to waive with comp factors.

02/01/2025

Primary

Purchase

Non QM

223283435

1052894361

33303819

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Fee Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower.

$[redacted]violation due to increase in Recording Fees. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2025-02-11): [redacted] received PCCD, LOE and payment history for principal reduction of cure.

Seller Comment (2025-02-06): see attached
[redacted] PCCD, COC and PH.pdf (Closing Disclosure) was uploaded

02/11/2025

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

Non QM

223283436

1052883490

33303837

Compliance

Federal Compliance

RESPA

RESPA - Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.

Documented qualifying Assets for Closing of $[redacted]is less than Cash From Borrower $[redacted]and Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted].

Reviewer Comment (2025-02-25): [redacted] received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): Final CD reflects $[redacted] required from borrower. Borrower has sufficient funds to close + Necessary Reserves.
[redacted] Final CD.pdf (Credit Review Documentation) was uploaded

02/25/2025

Second Home

Purchase

Non QM

223283436

1052883490

33303836

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Reviewer Comment (2025-02-27): As per Final CD Reflects $[redacted] required from borrower, also borrower has sufficient reserve funds to close to meet the [redacted] months reserve requirement. Exception Cleared.

Seller Comment (2025-02-24): Final CD supports < $[redacted] required at closing
[redacted] Final CD.pdf (Credit Review Documentation) was referenced

02/27/2025

Second Home

Purchase

Non QM

223283436

1052883490

33303835

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2025-02-27): As per Final CD Reflects $[redacted] required from borrower, also borrower has sufficient reserve funds to close to meet the [redacted] months reserve requirement. Exception Cleared.

Seller Comment (2025-02-24): Final CD reflects $[redacted] required from borrower. Borrower has sufficient funds to close + Necessary Reserves.
[redacted] Final CD.pdf (Credit Review Documentation) was referenced

02/27/2025

Second Home

Purchase

Lender to provide updated ATR/QM Loan Designation

Non QM

223283436

1052883490

33303834

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted].

Reviewer Comment (2025-02-27): As per Final CD Reflects $[redacted]required from borrower, also borrower has sufficient reserve funds to close to meet the [redacted] months reserve requirement. Exception Cleared.

Seller Comment (2025-02-24): Final CD reflects $[redacted] required from borrower. Borrower has sufficient funds to close + Necessary Reserves.
[redacted] Final CD.pdf (Credit Review Documentation) was referenced

02/27/2025

Second Home

Purchase

Non QM

223283436

1052883490

33303833

Compliance

Federal Compliance

TRID

TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees

TILA-RESPA Integrated Disclosure: Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure.

Fees disclosed on the Seller's Closing Disclosure of $[redacted]are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure of $[redacted].

Reviewer Comment (2025-02-25): [redacted] received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

02/25/2025

Second Home

Purchase

Letter of Explanation & Corrected Closing Disclosure

Non QM

223283436

1052883490

33303832

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Underdisclosed Test

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.

Reviewer Comment (2025-02-25): [redacted] received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): [redacted] CD.pdf (Credit Review Documentation) was referenced

02/25/2025

Second Home

Purchase

Provide the following: Letter of Explanation notifying borrower or error and Corrected CD

Non QM

223283436

1052883490

33303831

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Total Of Payments

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] did not disclose the Total of Payments.

Final Closing Disclosure provided on [redacted] did not disclose the Total of Payments.

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

Non QM

223283436

1052883490

33303830

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Projected P&I Payment Min Payment Fixed Rate Initial Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan.

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

Non QM

223283436

1052883490

33303828

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Negative Amortization

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan contains Negative Amortization.

Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan contains Negative Amortization.

02/25/2025

Second Home

Purchase

Letter of Explanation & Corrected Closing Disclosure

Non QM

223283436

1052883490

33303827

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Incomplete

TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was not signed by borrower and can be excluded from testing if it was never provided to the borrower. In order to exclude Incomplete Closing Disclosure from testing, please provide attestation from lender referencing the specific Closing Disclosure that was not provided to the borrower.

Incomplete Closing Disclosure was not signed by borrower and can be excluded from testing if it was never provided to the borrower. In order to exclude Incomplete Closing Disclosure from testing, please provide attestation from lender referencing the specific Closing Disclosure that was not provided to the borrower.

02/25/2025

Second Home

Purchase

Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate)

Non QM

223283436

1052883490

33303826

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] did not disclose the Finance Charge.

Final Closing Disclosure provided on [redacted] did not disclose the Finance Charge or missing in given closing Disclosure.

Reviewer Comment (2025-02-25): [redacted]received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): [redacted] CD.pdf (Credit Review Documentation) was referenced

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

Non QM

223283436

1052883490

33303825

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan.

Reviewer Comment (2025-02-25): [redacted]received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): [redacted] CD.pdf (Credit Review Documentation) was referenced

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

Non QM

223283436

1052883490

33303824

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan.

Reviewer Comment (2025-02-25): [redacted]received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): [redacted] CD.pdf (Credit Review Documentation) was referenced

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD

Non QM

223283436

1052883490

33303823

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Amount Financed Test

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] did not disclose the Amount Financed.

Final Closing Disclosure provided on [redacted] did not disclose the Amount Finance or missing in given Closing Disclosure.

Reviewer Comment (2025-02-25): [redacted]received lender attestation on issued CD's and [redacted] CD was not disclosed to borrower.

Seller Comment (2025-02-24): [redacted] CD.pdf (Credit Review Documentation) was referenced

02/25/2025

Second Home

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

Non QM

223283436

1052883490

33303822

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of $[redacted]is less than Cash From Borrower $[redacted].

Reviewer Comment (2025-02-27): As per Final CD Reflects $[redacted] required from borrower, also borrower has sufficient reserve funds to close to meet the [redacted] months reserve requirement. Exception Cleared.

Seller Comment (2025-02-24): Final CD supports < $[redacted]required at closing from borrower
[redacted] Final CD.pdf (Credit Review Documentation) was referenced

02/27/2025

Second Home

Purchase

Non QM

223283436

1052883490

33303820

Credit

Documents

Missing Document

Documents

File does not contain documentation from lender/seller confirming the condo is warrantable.

Reviewer Comment (2025-02-25): Condo Documentation received & associated. Exception cleared.

Seller Comment (2025-02-24): Condo Warranty/Approval
[redacted] Condo Approval.pdf (Credit Review Documentation) was uploaded

02/25/2025

Second Home

Purchase

Non QM

223283436

1052883490

33303829

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed.

Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed.

02/25/2025

Second Home

Purchase

Letter of Explanation & Corrected Closing Disclosure

Non QM

223283438

250126162

33303856

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - Schedule [redacted] Test

Ability-to-Repay (Dodd-Frank 2014): Unable to verify current [redacted] status using reasonably reliable third-party records.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted] 1099 received.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted] for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303853

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (ATR - Income: Schedule C)

[redacted]High-Cost Mortgage (Closed-end ATR): Unable to verify [redacted] income using reasonably reliable third-party records.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): APR corrected in final cd, exception cleared.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted]for review. [redacted] VVOE for [redacted]was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303857

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Schedule [redacted]

Ability to Repay (Dodd-Frank 2014): Unable to verify [redacted] income using reasonably reliable third-party records.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted] 1099 received.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted] for review.[redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303858

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Schedule [redacted]

Ability to Repay (Dodd-Frank 2014): Unable to verify [redacted] income using reasonably reliable third-party records.

Waterfall due [redacted]and third party verification for income from [redacted]and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted]1099 received.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted] for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303860

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - ATR Impact

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted] 1099 received.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted]for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303861

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted] 1099 received.

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303862

Compliance

State Compliance

State HPML

(State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold)

[redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Compliant Higher Priced Loan.

APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Compliant Higher Priced Loan.

03/07/2025

Primary

Purchase

No obvious cure

Non QM

223283438

250126162

33303864

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Fee Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.

Appraisal re-inspection fee disclosed as $[redacted]on initial CD and as $[redacted]on final CD. No valid change in circumstance or cure for borrower provided.

Reviewer Comment (2025-03-18): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.

Buyer Comment (2025-03-17): PCCD cure documentation uploaded for review.

Reviewer Comment (2025-03-05): [redacted]received COC dated [redacted] and [redacted] stating reason as Final Inspection required. However, we would require a valid reason as to why the fee increased twice on $[redacted] on CD dated [redacted] and also on $[redacted] for CD dated [redacted] . Kindly provide a valid COC or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.

Buyer Comment (2025-03-04): COC for the increase in fee from $[redacted] to $[redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/18/2025

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

Non QM

223283438

250126162

33303865

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303855

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

03/07/2025

Primary

Purchase

Lender to provide updated ATR/QM status

Non QM

223283438

250126162

33303854

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (ATR - Income: Schedule C)

[redacted]High-Cost Mortgage (Closed-end ATR): Unable to verify [redacted] income using reasonably reliable third-party records.

Waterfall due [redacted]and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed from qualification.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted]for review. [redacted] VVOE for [redacted]was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303852

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement)

Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling.

Waterfall finding due to loan testing as a HOEPA transaction.

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303851

Compliance

Federal Compliance

Federal Defect

(Fed High Cost) Federal High-Cost Mortgage Loan (Stated APR)

Truth in Lending Act (High-Cost Mortgage): Final Closing Disclosure APR Threshold is exceeded by [redacted]%. Final Closing Disclosure APR of [redacted]% exceeds a threshold of [redacted]% based on the Average Prime Offer Rate for comparable maturities of [redacted]% plus jurisdiction allowable margin of [redacted]%. Non-Compliant High Cost Loan.

Reviewer Comment (2025-03-07): APR corrected in final cd, exception cleared.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted]for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Provide the following: Letter of Explanation, corrected TIL/PCCD reflecting the accurate APR and proof of delivery.

Non QM

223283438

250126162

33303850

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided)

Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower

Waterfall finding due to loan testing as a HOEPA transaction.

Reviewer Comment (2025-03-07): APR corrected in final cd, exception cleared.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted] for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303849

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee)

Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold)

Waterfall finding due to loan testing as a HOEPA transaction.

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303848

Compliance

Federal Compliance

Federal HPML

Federal HPML [redacted]Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Compliant Higher Priced Mortgage Loan.

Reviewer Comment (2025-03-07): APR corrected in final cd, exception cleared.

03/07/2025

Primary

Purchase

Non QM

223283438

250126162

33303847

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

[redacted] and third party verification for income from [redacted] and [redacted] not provided.

Reviewer Comment (2025-03-07): [redacted] income removed as per updated 1003, 1008, approval. [redacted] 1099 received.

Buyer Comment (2025-03-06): Submitted [redacted] 1099s, and updated 1003, 1008, DU, and Approval with removal of [redacted] income for [redacted]for review. [redacted] VVOE for [redacted] was included in the initial shipping package and is located in your portal under doc ID [redacted].

03/07/2025

Primary

Purchase

Non QM

223283439

250126297

33303867

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

Flood Certificate not provided.

Reviewer Comment (2025-03-05): Flood Certificate verified and updated. Exception cleared

Buyer Comment (2025-03-04): Submitted Flood Cert for review.

03/05/2025

Primary

Purchase

Non QM

223283441

250226743

33303875

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2025-03-02): Sufficient Cure Provided At Closing

03/02/2025

Primary

Purchase

Final CD evidences Cure

Non QM

223283442

250226720

33303878

Credit

Miscellaneous

Guideline

Credit Exception:

Lender Exception approved to allow LTV to go to [redacted]% on cash out [redacted] vs [redacted]% maximum per matrix.

Borrower has been employed in the same industry for more than [redacted] years.

Borrower has verified disposable income of at least $[redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

Reserves: [redacted]
Guideline Requirement: [redacted]

SitusAMC

SitusAMC

Aggregator,SitusAMC

SitusAMC

Reviewer Comment (2025-03-04): Client elects to waive with comp factors.

03/04/2025

Investment

Refinance - Cash-out - Other

N/A

223283442

250226720

33303879

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted]([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Evidence final appraisal dated [redacted] appraisal was provided to borrower is missing.

Reviewer Comment (2025-03-07): Appraisal receipt received and verified. Exception cleared

Buyer Comment (2025-03-06): Proof of appraisal being sent to borrower uploaded for review. The presumed receipt date would be [redacted] the same day as closing. The appraisal waiver was provided in the initial shipping package under Doc ID [redacted].

03/07/2025

Investment

Refinance - Cash-out - Other

N/A

223456769

1052753061

33511911

Credit

Collateral

Missing/Incorrect

Collateral

Missing document: Lease on [redacted] property is not in file

Title report and appraisal reflects Leasehold. Leasehold lease is not contained in the loan file.

Reviewer Comment (2024-07-19): Received leasehold lease agreement. Exception cleared.

Seller Comment (2024-07-17): Ground lease
[redacted] lease.pdf (Unclassified) was uploaded

07/19/2024

Investment

Purchase

N/A

Valuation Report

Run Date - 6/5/2025 10:55:09 AM

LOAN INFORMATION										ORIGINATION VALUES															AVM VALUES						DESK REVIEW VALUES							DESKTOP APPRAISAL VALUES						BPO VALUES					FIELD REVIEW VALUES						2055 VALUES						AVE/CMA VALUES					HYBRID VALUES					UPDATED VALUES						UPDATED MULTIPROPERTY VALUES
SitusAMC Loan ID	Customer Loan ID	Seller Loan ID	Investor Loan Number	Note Date	Original Loan Amount	Sales Price	Value for LTV	LTV Value Variance Amount	LTV Value Variance Percent	Appraised Value	Appraisal Report Date	Appraisal Effective Date	Appraisal Valuation Type	Appraisal Company	Appraisal FSD Score	Second Appraisal Value	Second Appraisal Variance Amount	Second Appraisal Variance Percent	Second Appraisal Report Date	Second Appraisal Effective Date	Second Appraisal Type	Second Appraisal Company	Second Appraisal FSD Score	Second Appraisal Desk Review Score	Appraised Value	Variance Amount	Variance Percent	Company	Confidence Score	Appraisal Report Date	Appraised Value	Variance Amount	Variance Percent	Company	Risk Score	Appraisal Report Date	Appraisal Effective Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraisal Effective Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraisal Effective Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraisal Effective Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraised Value	Variance Amount	Variance Percent	Company	Appraisal Report Date	Appraisal Effective Date	Aggregate Appraised Value	Aggregate Variance Amount	Aggregate Variance Percent	Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?	LCA Risk Score	Collateral Underwriter Risk Score
222613131	1052774487	1052774487							0.000%				Appraisal																																																																			N/A		1.10
222663192	1052831849	1052831849							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
222663255	240923602	240923602							0.000%				Appraisal																																																																			N/A		2.40
222979896	241225707	241225707							0.000%				Appraisal																																																																			N/A		1.50
222979897	241225737	241225737							0.000%				Appraisal					0.000%			Desk Review			Moderate																																																								N/A
222979898	241225761	241225761							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
222979899	1052871220	1052871220							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
222979900	1052871276	1052871276							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
222979901	1052866392	1052866392							0.000%				Appraisal					0.000%			Desk Review			Low																																																								No
222979909	240923511	240923511							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
222979910	241225795	241225795							0.000%				Appraisal					-8.072%			Desk Review																																																											N/A
222979911	1052873139	1052873139							0.000%				Appraisal																																																																			No		1.00
222979912	241225551	241225551							0.000%				Appraisal					0.000%			Desk Review			Moderate																																																								N/A
222979913	1052872767	1052872767							0.000%				Appraisal					-0.952%			Appraisal																																																											No	5.00	2.00
222979914	241024786	241024786							0.000%				Appraisal																																																																			N/A		1.00
222979915	241226039	241226039							0.000%				Appraisal																																																																			N/A		1.00
222979916	241225876	241225876							0.000%				Appraisal																																																																			N/A		1.90
222979917	240923873	240923873							0.000%				Appraisal																																																																			N/A		1.00
223089477	1052883974	1052883974							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A		2.90
223283412	250126072	250126072							0.000%				Appraisal					0.000%			Desk Review			Moderate																																																								N/A
223283413	241225941	241225941							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
223283414	250126429	250126429							0.000%				Appraisal																																																																			N/A		1.00
223283416	241225893	241225893							0.000%				Appraisal																																																																			N/A		1.40
223283417	241225517	241225517							0.000%				Appraisal																																																																			N/A		1.70
223283418	241125466	241125466							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
223283420	250126497	250126497							0.000%				Appraisal																																																																			N/A		1.00
223283421	250226737	250226737							0.000%				Appraisal																																																																			N/A		1.00
223283422	250126681	250126681							0.000%				Appraisal					0.000%			Desk Review			Moderate																																																								N/A
223283425	250226698	250226698							0.000%				Appraisal																																																																			N/A		2.20
223283429	250226981	250226981							0.000%				Appraisal																																																																			N/A		1.00
223283430	241225719	241225719							0.000%				Appraisal					0.000%			Desk Review			Moderate																																																								N/A
223283431	1052883944	1052883944							0.000%				Appraisal																																																																			No		1.40
223283432	1052884008	1052884008							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
223283433	1052924524	1052924524							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A
223283435	1052894361	1052894361							0.000%				Appraisal					0.000%			Desk Review			Low																																																								No		2.60
223283436	1052883490	1052883490							0.000%				Appraisal					0.000%			Desk Review			Low																																																								Yes	2.50	3.00
223283438	250126162	250126162							0.000%				Appraisal																																																																			N/A		1.00
223283439	250126297	250126297							0.000%				Appraisal																																																																			N/A		1.90
223283441	250226743	250226743							0.000%				Appraisal					0.057%			Appraisal																																																											N/A
223283442	250226720	250226720							0.000%				Appraisal																																																																			No		1.40
223283446	250126679	250126679							0.000%				Appraisal																																																																			N/A		1.00
223283447	250226931	250226931							0.000%				Appraisal																																																																			N/A		2.10
223283449	250126648	250126648							0.000%				Appraisal																																																																			No		1.70
223283453	250227212	250227212							0.000%				Appraisal					0.000%			Desk Review																																																											N/A
223283456	250126220	250126220							0.000%				Appraisal					0.000%			Desk Review			Low																																																								No
223456769	1052753061	1052753061							0.000%				Appraisal					0.000%			Desk Review			Low																																																								N/A

Supplemental Data

Run Date - 6/5/2025 10:55:09 AM

SitusAMC Loan ID	Customer Loan ID	Seller Loan ID	Investor Loan Number	TILA Status Loan Designation	Exempt QM/ATR Equivalency	CDFI Bank Originated Loan	Application Date	TRID Tested	GSE	HOEPA Fees	TILA Fees	Rate Lock Date	Calculated APR	Original P&I	Qualifying P&I	Qualifying Rate	Is Borrower Non Occupant	Is Co Borrower Non Occupant	Borrower Employment Indicator	Co Borrower Employment Indicator	Co Borrower 2 Employment Indicator	Co Borrower 3 Employment Indicator	Co Borrower2 Length of Employment	Co Borrower3 Length of Employment	Borrower Foreign National Indicator	Co Borrower Foreign National Indicator	Co Borrower 2 Foreign National Indicator	Co Borrower 3 Foreign National Indicator	Borrower Country Name	Co Borrower Country Name	Co Borrower2 Country Name	Co Borrower3 Country Name	Residual Income	Num Units	Annual Property Tax	Annual Insurance Costs	Monthly Property Tax	Monthly Insurance Costs	HOA Name	HOA Address State	Fee Amount	Next Due Date	HOA Payment Frequency	Investor DTI	QM DTI	Non QM DTI	Original Credit Report Date	Qualifying Credit Score	Third Wage Earner Original FICO Equifax	Third Wage Earner Original FICO Experian	Third Wage Earner Original FICO Transunion	Fourth Wage Earner Original FICO Equifax	Fourth Wage Earner Original FICO Experian	Fourth Wage Earner Original FICO Transunion	Most Recent Updated Credit Report Date	Primary Wage Earner Updated FICO Equifax	Primary Wage Earner Updated FICO Experian	Primary Wage Earner Updated FICO Transunion	Secondary Wage Earner Updated FICO Equifax	Secondary Wage Earner Updated FICO Experian	Secondary Wage Earner Updated FICO Transunion	Third Wage Earner Updated FICO Equifax	Third Wage Earner Updated FICO Experian	Third Wage Earner Updated FICO Transunion	Fourth Wage Earner Updated FICO Equifax	Fourth Wage Earner Updated FICO Experian	Fourth Wage Earner Updated FICO Transunion	Most Recent Updated Co Borrower 2 FICO	Most Recent Updated Co Borrower 3 FICO	Co Borrower 2 Asset Verification Level	Co Borrower 3 Asset Verification Level	Co Borrower 2 Income Verification Level	Co Borrower 3 Income Verification Level	Co Borrower 2 Employment Verification Level	Co Borrower 3 Employment Verification Level	Asset Depletion Flag	Bank Statements Flag	Number of Statements	Type of Statements	Percent of Income From Statements	Borrower Business Ownership %	CoBorrower Business Ownership %	P&L Type	Income Doc Detail	Tax Return Doc Details	Document Level	Document Type	Most Recent Bankruptcy Type	Most Recent Bankruptcy Filing Date	Most Recent Bankruptcy Discharge Date	Number of Bankruptcy Events	Months Bankruptcy (7, 11)	Months Bankruptcy (13)	Most Recent Deed-in -Lieu Date	Number of Deed-in-Lieu Events	Months Deed-in-Lieu	Most Recent Short Sale Date	Number of Short Sale Events	Months Short Sale (or Pre FC)	Most Recent Foreclosure Date	Number of Foreclosure Events	Months Foreclosure	Prior Mortgage/Rent Late 30d in 24m	Prior Mortgage/Rent Late 60d in 24m	Prior Mortgage/Rent Late 90d in 24m	Has ACH	Guideline Name	UW Guideline Author	ATR QM Total Points and Fees Audit	Loan Regulation Benchmark Date	Benchmark Rate	HUD 1 Page 1 Credits Total	Collateral Underwriter Risk Score	AUS Decision System	Property Inspection Waiver (PIW)	Rating Result	Eligible For Rep and Warrant Relief Per Collateral Advisor	Is Equity Shared Loan	Investor Qualifying Rate	Borrower Years of W2s	CoBorrower Years of W2s	Years of Personal Tax Returns	Years of Business Tax Returns	Years of 4506T	Years of Tax Transcripts	Months of Personal Bank Statements	Months of Business Bank Statements	Months of Profit and Loss Statements	Expense Letter	DSCR	Inverse DSCR	Subordinate Lien Type	Is Shared Appreciation Mortgage	Duration of Payout Months	Seller VSH Indicator	Seller Indicated VSH Guideline	Validated VSH	IO Remaining Amortization Term at Recast	Maturity Date	Borrower Own Funds Cash Amount	Borrower Own Funds Percent	Is the Note an eNote	Borrower WVOE - # of Months of Income provided	Co Borrower WVOE - # of Months of Income provided	Co Borrower2 WVOE - # of Months of Income provided	Co Borrower3 WVOE - # of Months of Income provided	Were the origination guidelines utilized for this diligence review?	Title Evidence	Ownership Type	Borrower Type	Borrower Designation	Co Borrower Type	Co Borrower Designation	Co Borrower2 Type	Co Borrower2 Designation	Co Borrower3 Type	Co Borrower3 Designation	Senior Lien Position	Senior Lien Original Loan Amount	Senior Lien Original Interest Rate	Senior Lien Note Projected Closing Date	Senior Lien Current Balance	Senior Lien Current P&I	Loan Closed in the Name of an Entity	Note Executed by	Assumable Mortgage Flag	Leasehold Flag	Buydown Flag	Borrower Experian FICO Model Used	Borrower Equifax FICO Model Used	Borrower TransUnion FICO Model Used	Co Borrower Experian FICO Model Used	Co Borrower Equifax FICO Model Used	Co Borrower TransUnion FICO Model Used	Co Borrower2 Experian FICO Model Used	Co Borrower2 Equifax FICO Model Used	Co Borrower2 TransUnion FICO Model Used	Co Borrower3 Experian FICO Model Used	Co Borrower3 Equifax FICO Model Used	Co Borrower3 TransUnion FICO Model Used	Borrower Documentation Used to Determine Legal Residency	Co Borrower Documentation Used to Determine Legal Residency	Co Borrower2 Documentation Used to Determine Legal Residency	Co Borrower3 Documentation Used to Determine Legal Residency	Delayed Financing?	Months Reserves	Correspondent Type	Departure Residence	Rate Increase on Default	MERS Min Number	Co Borrower Other Income	Co Borrower Wage Income	Primary Housing Lates 0 6 Months 30	Primary Housing Lates 0 6 Months 60	Primary Housing Lates 0 6 Months 90	Primary Housing Lates 7 12 Months 30	Primary Housing Lates 7 12 Months 60	Primary Housing Lates 7 12 Months 90	Primary Housing Lates 13 24 Months 30	Primary Housing Lates 13 24 Months 60	Primary Housing Lates 13 24 Months 90	Primary Housing Lates 25 36 Months 30	Primary Housing Lates 25 36 Months 60	Primary Housing Lates 25 36 Months 90	Borrower 1 ITIN Flag	Borrower 2 ITIN Flag	Borrower 3 ITIN Flag	Borrower 4 ITIN Flag
222613131	1052774487	1052774487		Non QM				Yes	No	$12,993.25	$18,584.20		7.264%	$7,746.58	$7,746.58	7.125%	No	No	Employed						US Citizen								$11,910.87	1	$17,666.64	$3,099.96	$1,472.22	$258.33						45.823%	45.823%	45.823%	07/01/2024	768																												No	No							[Borrower - \| Primary Income - Wages]; VVOE - 2024 [Borrower - \| Primary Income - Wages]; WVOE - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Full Documentation (F)	WVOE																0	0	0	No		WMB	$12,993.25		6.760%	$0.00	1.1	None			N/A	No	7.125%	0		0	0	0	0			0.00	No										09/01/2054			No	30				Yes	Final	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	18.65			No	[redacted]	$0.00	$0.00													No	No	No	No
222663192	1052831849	1052831849		Non QM				Yes	No	$23,925.00	$26,913.20		8.355%	$7,312.50	$9,117.75	8.125%	No	No	Self-Employed						US Citizen								$101,531.13	2	$3,799.32	$4,391.04	$316.61	$365.92						10.034%	8.434%	10.034%	08/21/2024	697																												No	Yes	12	Business	100.000%	50.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Telephone Listing / Internet Search / Directory Assistance - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$23,925.00		6.100%	$0.00		DU		ApproveEligible	N/A	No	8.125%	0		0	0	0	0		12	0.00	No									240	11/01/2054	$381,587.42	28.000%	Yes					Yes	Final	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															166.68			No	[redacted]	$0.00	$0.00													No	No	No	No
222663255	240923602	240923602		N/A				No	No					$882.08	$882.08	7.250%	No	No								US Citizen								1	$2,376.36	$759.60	$198.03	$63.30						0.000%	0.000%	0.000%	09/13/2024	671																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	2.4				N/A	No	7.250%	0	0	0	0	0	0			0.00	No	1.37	0.72							240	11/01/2054			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	20.93				[redacted]	$0.00	$0.00	0	0	0	0	0	0							No	No	No	No
222979896	241225707	241225707		N/A				No	No					$1,128.92	$1,128.92	9.125%	No	No								US Citizen								1	$1,661.64	$1,238.04	$138.47	$103.17						0.000%	0.000%	0.000%	12/06/2024	715																												No	No										DSCR																0	0	0	Yes		ClearEdge Lending				$0.00	1.5				N/A	No	9.125%	0	0	0	0	0	0			0.00	No	1.02	0.98								02/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	99.42				[redacted]	$0.00	$0.00													No	No	No	No
222979897	241225737	241225737		N/A				No	No					$2,954.69	$2,954.69	7.625%	No	No							US Citizen									1	$6,228.60	$3,374.04	$519.05	$281.17						0.000%	0.000%	0.000%	10/21/2024	709																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	7.625%	0		0	0	0	0			0.00	No	1.03	0.98							240	02/01/2055			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	26.19				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
222979898	241225761	241225761		N/A				No	No					$1,222.36	$1,222.36	8.999%	No	No								US Citizen								1	$910.44	$845.04	$75.87	$70.42						0.000%	0.000%	0.000%	12/12/2024	625																												No	No										DSCR																1	0	0	No		ClearEdge Lending				$0.00					N/A	No	8.999%	0	0	0	0	0	0			0.00	No	1.02	0.98							240	02/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	112				[redacted]	$0.00	$0.00	0	0	0	0	0	0	1	0	0	0	0	0	No	No	No	No
222979899	1052871220	1052871220		N/A				No	No					$8,343.30	$8,343.30	6.500%	No	No								US Citizen								3	$25,548.00	$3,093.00	$2,129.00	$257.75						0.000%	0.000%	0.000%	11/12/2024	744																												No	No										DSCR																0	0	0	Yes		ClearEdge Lending				$0.00					N/A	No	6.500%	0	0	0	0	0	0			0.00	No	1.17	0.85								02/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	45.07				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
222979900	1052871276	1052871276		N/A				No	No					$1,238.64	$1,238.64	7.625%	No	No								US Citizen								2	$2,937.96	$915.96	$244.83	$76.33						0.000%	0.000%	0.000%	11/15/2024	714																												No	No										DSCR																1	0	0	No		ClearEdge Lending				$0.00					N/A	No	7.625%	0	0	0	0	0	0			0.00	No	1.66	0.59								02/01/2055			No					Yes	Final	Fee Simple	LLC	Business Entity	Individual	Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	103.15				[redacted]	$0.00	$0.00	0	0	0	0	0	0	1	0	0	0	0	0	No	No	No	No
222979901	1052866392	1052866392		N/A				No	No					$1,948.99	$1,948.99	7.875%	No	No								US Citizen								2	$5,189.28	$2,471.04	$432.44	$205.92						0.000%	0.000%	0.000%	09/24/2024	715																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					No	No	7.875%	0	0	0	0	0	0			0.00	No	1.19	0.83								02/01/2055	$50,751.86	15.000%	No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												13.48				[redacted]	$0.00	$0.00	0	0	0										No	No	No	No
222979909	240923511	240923511		Non QM				Yes	No	$40,435.00	$55,274.40		9.008%	$14,475.29	$14,475.29	8.750%	No	No	Non-Employment Income						US Citizen								$90,411.45	1	$34,500.00	$10,771.80	$2,875.00	$897.65						36.745%	36.745%	36.745%	12/20/2024	707																												Yes	No							[Borrower - \| Primary Income - Asset Depletion]; Account Statements - 2024 [Borrower - \| Primary Income - Asset Depletion]; Account Statements - 2024 [Borrower - \| Primary Income - Asset Depletion]; Account Statements - 2024 [Borrower - \| Primary Income - Asset Depletion]; Account Statements - 2024 [Borrower - \| Primary Income - Asset Depletion]; Account Statements - 2024	[Borrower]; 4506-C - 2023 [Borrower]; 4506-C - 2022 [Borrower]; 1084 or income worksheet - Year Not Available	Other Documentation (O)	Asset Depletion																0	0	0			ClearEdge Lending	$40,435.00		6.100%	$20,000.00		None			N/A	No	8.750%	0		0	0	2	0			0.00	No					Other					02/01/2055	$10,250,091.03	100.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															465.02		No	No	[redacted]	$0.00	$0.00													No	No	No	No
222979910	241225795	241225795		Non QM				Yes	No	$10,142.13	$12,806.39		9.088%	$2,796.72	$2,796.72	8.750%	No	No	Self-Employed	Self-Employed					US Citizen	US Citizen							$7,653.33	1	$6,216.24	$2,185.56	$518.02	$182.13						43.427%	43.427%	43.427%	11/19/2024	753																												No	Yes	12	Business	100.000%	50.010%	49.990%		[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.01% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Account Statements - Business - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; CPA Letter - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2024 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Third Party Verification - 2024	[Borrower]; 1084 or income worksheet - Year Not Available [Coborrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$10,142.13		6.630%	$6,500.00		None			N/A	No	8.750%	0	0	0	0	0	0		12	0.00	No										02/01/2055	$4,699.29	1.000%	No					Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac	FICO Classic V5 Facta	FICO Risk Score Classic 04												8.47		Yes	No	[redacted]	$7,437.82	$0.00													No	No	No	No
222979911	1052873139	1052873139		Non QM				Yes	No	$36,095.00	$43,478.19		8.338%	$8,805.17	$8,805.17	8.000%	No	No	Self-Employed						US Citizen								$14,811.37	1	$19,957.80	$3,659.28	$1,663.15	$304.94						46.275%	46.275%	46.275%	09/17/2024	687																												No	No						Third Party Prepared	[Borrower - \| Primary Income - P&L Statement Only]; Audited P&L - 2024 [Borrower - \| Primary Income - P&L Statement Only]; Other - 2024 [Borrower - \| Primary Income - P&L Statement Only]; Other - 2024 [Borrower - \| Primary Income - P&L Statement Only]; Other - 2024 [Borrower - \| Primary Income - P&L Statement Only]; Other - 2024 [Borrower - \| Primary Income - P&L Statement Only]; Third Party Verification - 2024		Alternative Documentation (A)	12mo CPA P&L																0	0	0			ClearEdge Lending	$36,095.00		6.770%	$0.00	1.0	None			No	No	8.000%	0		0	0	0	0			12.00	No										02/01/2055	$150,000.00	10.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															6.41			No	[redacted]	$0.00	$0.00													No	No	No	No
222979912	241225551	241225551		Non QM				Yes	No	$24,355.25	$29,103.44		8.408%	$4,345.23	$4,345.23	7.999%	No	No	Self-Employed						US Citizen								$17,525.01	1	$9,889.44	$8,796.96	$824.12	$733.08						34.364%	34.364%	34.364%	12/03/2024	681																												No	Yes	24	Business	90.000%	50.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 15.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Social Security]; 1099-SSA - 2023	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																2	0	0			ClearEdge Lending	$24,355.25		6.630%	$0.00		None			N/A	No	7.999%	0		0	0	0	0		12	0.00	No										02/01/2065			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	23.43			No	[redacted]	$0.00	$0.00													No	No	No	No
222979913	1052872767	1052872767		Non QM				Yes	No	$22,095.00	$34,544.19		8.136%	$15,262.30	$15,262.30	8.000%	No	No	Self-Employed						US Citizen								$26,415.00	1	$38,380.08	$6,984.96	$3,198.34	$582.08						42.922%	42.922%	42.922%	10/28/2024	757																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2020	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$22,095.00		6.770%	$0.00	2.0	None			No	No	8.000%	0		0	0	0	0		12	0.00	No										02/01/2055			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															11.32		Yes	No	[redacted]	$0.00	$0.00													No	No	No	No
222979914	241024786	241024786		Non QM				Yes	No	$14,194.00	$18,570.81		8.165%	$2,526.82	$2,526.82	7.625%	No	No	Employed	Self-Employed					US Citizen	US Citizen							$8,703.80	1	$7,444.20	$2,529.48	$620.35	$210.79						47.996%	47.996%	47.996%	11/13/2024	741																												No	Yes	24	Business	64.000%		100.000%		[Borrower - \| Primary Income - Wages]; VVOE - 2025 [Borrower - \| Primary Income - Wages]; Paystubs - 2024 [Borrower - \| Primary Income - Wages]; Paystubs - 2024 [Borrower - \| Primary Income - Wages]; W-2 - 2023 [Borrower - \| Primary Income - Wages]; W-2 - 2022 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2023 [Coborrower(s) - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2023 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2023 [Coborrower(s) - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2023	[Borrower]; 1084 or income worksheet - Year Not Available [Coborrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$14,194.00		6.890%	$12,600.00	1.0	None			N/A	No	7.625%	2	0	0	0	0	0		12	0.00	No										02/01/2055	$117,549.44	28.000%	No					Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												12.73			No	[redacted]	$10,786.72	$0.00													No	No	No	No
222979915	241226039	241226039		Non QM				Yes	No	$11,227.75	$14,709.69		10.187%	$4,728.16	$4,728.16	9.875%	No	No	Self-Employed						US Citizen								$32,218.41	1	$8,802.00	$4,484.04	$733.50	$373.67						27.808%	27.808%	27.808%	12/28/2024	722																												No	Yes	24	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2025 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$11,227.75		6.900%	$15,000.00	1.0	None			N/A	No	9.875%	0		0	0	0	0		12	0.00	No										02/01/2055	$83,333.60	14.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															9.2		No	No	[redacted]	$0.00	$0.00													No	No	No	No
222979916	241225876	241225876		Non QM				Yes	No	$13,233.25	$16,507.66		9.559%	$4,866.13	$4,866.13	9.250%	No	No	Self-Employed						US Citizen								$7,064.07	1	$6,011.64	$6,634.92	$500.97	$552.91						46.269%	46.269%	46.269%	12/17/2024	635																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: CPA Letter \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: CPA Letter \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: CPA Letter \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: CPA Letter \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 20.00000% \| Expense Ratio Source: CPA Letter \| # of Bank Statements Required: 12]; Other - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$13,233.25		6.630%	$0.00	1.9	None			N/A	No	9.250%	0		0	0	0	0		12	0.00	No										02/01/2055			No					Yes	Preliminary	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	Beacon 5.0	FICO Risk Score Classic 04														No	3.75			No	[redacted]	$0.00	$0.00													No	No	No	No
222979917	240923873	240923873		Non QM				Yes	No	$34,619.00	$44,316.19		6.730%	$18,174.58	$24,787.13	6.625%	No	No	Self-Employed						US Citizen								$566,906.82	1	$73,389.36	$14,247.96	$6,115.78	$1,187.33						10.235%	9.188%	10.235%	09/12/2024	723																												No	Yes	72	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 1999	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	24mo Bank Statement																0	0	0			ClearEdge Lending	$34,619.00		6.040%	$0.00	1.0	None			N/A	No	6.625%	0		0	0	0	0		24	0.00	No									240	11/01/2054	$171,229.52		No					Yes	Preliminary	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	18.04			No	[redacted]	$0.00	$0.00													No	No	No	No
223089477	1052883974	1052883974		Non QM				Yes	No	$15,500.00	$18,917.32		8.150%	$5,149.81	$5,149.81	7.875%	No	No	Self-Employed						US Citizen								$12,565.58	1	$6,389.40	$1,188.96	$532.45	$99.08						31.660%	31.660%	31.660%	10/01/2024	693																												No	Yes	24	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024 [Borrower - \| Non-Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$15,500.00		6.890%	$0.00	2.9	None			N/A	No	7.875%	0		0	0	0	0		12	0.00	No										02/01/2055	$183,129.37	19.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															7.26			No	[redacted]	$0.00	$0.00													No	No	No	No
223283412	250126072	250126072		N/A				No	No					$1,776.42	$1,776.42	7.875%	No	No							US Citizen									1	$2,389.44	$1,212.96	$199.12	$101.08						0.000%	0.000%	0.000%	12/26/2024	679																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	7.875%	0		0	0	0	0			0.00	No	1.14	0.88								02/01/2055	$0.00		No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	Beacon 5.0	FICO Risk Score Classic 04														No	38.9				[redacted]	$0.00	$0.00	0	0	0										No	No	No	No
223283413	241225941	241225941		N/A				No	No					$4,454.98	$4,454.98	8.125%	No	No								US Citizen								1	$6,531.00	$5,109.00	$544.25	$425.75						0.000%	0.000%	0.000%	11/05/2024	801																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	8.125%	0	0	0	0	0	0			0.00	No	1.29	0.77								03/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	6.49				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
223283414	250126429	250126429		N/A				No	No					$2,068.63	$2,068.63	8.375%	No	No							US Citizen									1	$2,611.68	$2,390.04	$217.64	$199.17						0.000%	0.000%	0.000%	01/13/2025	683																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	1.0				N/A	No	8.375%	0		0	0	0	0			0.00	No	1.11	0.9							240	03/01/2055	$93,566.62	25.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	Beacon 5.0	FICO Risk Score Classic 04															1.14				[redacted]	$0.00	$0.00													No	No	No	No
223283416	241225893	241225893		N/A				No	No					$962.50	$962.50	7.500%	No	No							US Citizen									1	$1,381.32	$1,247.04	$115.11	$103.92						0.000%	0.000%	0.000%	11/20/2024	733																												No	No										DSCR																0	0	0	Yes		ClearEdge Lending				$0.00	1.4				N/A	No	7.500%	0		0	0	0	0			0.00	No	1.1	0.91							240	03/01/2055			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	121.48				[redacted]	$0.00	$0.00	0	0	0	0	0	0							No	No	No	No
223283417	241225517	241225517		N/A				No	No					$971.59	$971.59	7.875%	No	No								US Citizen								1	$2,471.64	$3,820.08	$205.97	$318.34						0.000%	0.000%	0.000%	11/26/2024	707																												No	No										DSCR																0	0	0	Yes		ClearEdge Lending				$0.00	1.7				N/A	No	7.875%	0	0	0	0	0	0			0.00	No	1	1								03/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	84.87				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
223283418	241125466	241125466		N/A				No	No					$754.07	$754.07	7.875%	No	No								US Citizen								1	$1,584.48	$3,749.88	$132.04	$312.49						0.000%	0.000%	0.000%	11/26/2024	707																												No	No										DSCR																0	0	0	Yes		ClearEdge Lending				$0.00					N/A	No	7.875%	0	0	0	0	0	0			0.00	No	1	1								03/01/2055			No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	81.18				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
223283420	250126497	250126497		N/A				No	No					$2,821.88	$2,821.88	7.500%	No	No							US Citizen									1	$3,694.08	$1,950.36	$307.84	$162.53						0.000%	0.000%	0.000%	10/21/2024	703																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	1.0				N/A	No	7.500%	0		0	0	0	0			0.00	No	1.01	0.99							240	03/01/2055	$46,211.81		No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	0.64				[redacted]	$0.00	$0.00	0	0	0										No	No	No	No
223283421	250226737	250226737		N/A				No	No					$1,371.55	$1,371.55	6.999%	No	No								US Citizen								1	$2,240.88	$933.60	$186.74	$77.80						0.000%	0.000%	0.000%	02/04/2025	783																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	1.0				N/A	No	6.999%	0	0	0	0	0	0			0.00	No	1.13	0.88								03/01/2055			No					Yes	Short Form	Fee Simple	LLC	Business Entity	Individual	Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	117.66				[redacted]	$0.00	$0.00													No	No	No	No
223283422	250126681	250126681		N/A				No	No					$2,712.50	$2,712.50	7.750%	No	No							US Citizen									1	$2,367.72	$2,772.96	$197.31	$231.08						0.000%	0.000%	0.000%	01/29/2025	715																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	7.750%	0		0	0	0	0			0.00	No	1.02	0.98							240	03/01/2055	$260,073.99	43.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															20.44				[redacted]	$0.00	$0.00													No	No	No	No
223283425	250226698	250226698		N/A				No	No					$1,553.31	$1,553.31	6.999%	No	No							Non-Permanent Resident Alien	US Citizen								1	$3,768.96	$2,100.48	$314.08	$175.04						0.000%	0.000%	0.000%	12/10/2024	765																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	2.2				N/A	No	6.999%	0	0	0	0	0	0			0.00	No	1.03	0.97							240	03/01/2055	$130,106.52	39.000%	No					Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)		FICO Risk Score Classic 04												45.29				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No
223283429	250226981	250226981		N/A				No	No					$2,272.89	$2,272.89	7.625%	No	No							US Citizen									1	$6,736.08	$2,541.00	$561.34	$211.75						0.000%	0.000%	0.000%	02/14/2025	680																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	1.0				N/A	No	7.625%	0		0	0	0	0			0.00	No	1.05	0.95							240	04/01/2055			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	19.73				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0				No	No	No	No
223283430	241225719	241225719		N/A				No	No					$2,849.03	$2,849.03	7.375%	No	No							US Citizen									2	$8,206.44	$8,033.76	$683.87	$669.48						0.000%	0.000%	0.000%	01/13/2025	749																												No	No										DSCR																2	0	0	Yes		ClearEdge Lending				$0.00					N/A	No	7.375%	0		0	0	0	0			0.00	No	1.19	0.84								04/01/2055			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	12.35				[redacted]	$0.00	$0.00	0	0	0	2	0	0	0	0	0	0	0	0	No	No	No	No
223283431	1052883944	1052883944		N/A				No	No					$1,174.02	$1,174.02	8.000%	No	No								US Citizen								1	$1,803.60	$3,264.96	$150.30	$272.08						0.000%	0.000%	0.000%	01/03/2025	684																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00	1.4				No	No	8.000%	0	0	0	0	0	0			0.00	No	1	0.99								02/01/2055	$8,456.29		No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04											No	3.6				[redacted]	$0.00	$0.00	0	0	0	0	0	0							No	No	No	No
223283432	1052884008	1052884008		N/A				No	No					$4,694.30	$4,694.30	8.875%	No	No							US Citizen									4	$16,826.76	$4,538.04	$1,402.23	$378.17						0.000%	0.000%	0.000%	12/07/2024	654																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	8.875%	0		0	0	0	0			0.00	No	1.5	0.66								03/01/2055			No					Yes	Final	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	28.68				[redacted]	$0.00	$0.00													No	No	No	No
223283433	1052924524	1052924524		N/A				No	No					$4,666.74	$4,666.74	8.625%	No	No								US Citizen								4	$8,077.56	$5,601.00	$673.13	$466.75						0.000%	0.000%	0.000%	01/15/2025	683																												No	No										DSCR														2		0	0	0	Yes		ClearEdge Lending				$0.00					N/A	No	8.625%	0	0	0	0	0	0			0.00	No	1.34	0.74								04/01/2055	$831,225.02	100.000%	No					Yes	Commitment	Fee Simple	LLC	Business Entity	Individual	Guarantor - Individual											Yes	Business Entity	No		No				Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												103.08				[redacted]	$0.00	$0.00													No	No	No	No
223283435	1052894361	1052894361		Non QM				Yes	No	$53,611.00	$13,656.81		8.819%	$14,966.19	$14,966.19	8.750%	No	No	Self-Employed						US Citizen								$20,994.05	1	$32,683.44	$654.00	$2,723.62	$54.50						46.825%	46.825%	46.825%	10/07/2024	731																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$53,611.00		6.980%	$715,000.00	2.6	None			No	No	8.750%	0		0	0	0	0		12	0.00	No										02/01/2055	$45,023.62	2.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															7.01			No	[redacted]	$0.00	$0.00													No	No	No	No
223283436	1052883490	1052883490		Non QM				Yes	No	$10,216.40	$12,573.75		10.559%	$3,835.31	$3,835.31	10.250%	No	No	Employed						US Citizen								$15,392.93	1	$6,015.48	$706.56	$501.29	$58.88						48.690%	48.690%	48.690%	11/13/2024	643																												No	No							[Borrower - \| Primary Income - Wages]; The Work Number - Employment Only - 2025 [Borrower - \| Primary Income - Wages]; Paystubs - 2024 [Borrower - \| Primary Income - Wages]; Paystubs - 2024 [Borrower - \| Primary Income - Wages]; The Work Number - Income - 2024 [Borrower - \| Primary Income - Wages]; W-2 - 2023 [Borrower - \| Primary Income - Wages]; W-2 - 2022	[Borrower]; 4506-C - 2023 [Borrower]; 4506-C - 2022 [Borrower]; 1084 or income worksheet - Year Not Available	Full Documentation (F)	2yr Full Doc				1												0	0	0			ClearEdge Lending	$10,216.40		6.890%	$2,000.00	3.0	None			Yes	No	10.250%	2		0	0	2	0			0.00	No										03/01/2055	$162,922.68	30.000%	No	32				Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															6.46		No	No	[redacted]	$0.00	$0.00													No	No	No	No
223283438	250126162	250126162		Non QM				Yes	No	$12,149.00	$14,030.03		7.884%	$3,680.53	$3,680.53	7.625%	No	No	Self-Employed	Employed					US Citizen	US Citizen							$6,453.77	1	$5,225.04	$7,314.96	$435.42	$609.58						49.164%	49.164%	49.164%	01/07/2025	786																												No	Yes	12	Personal	62.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Personal - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 10.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2024 [Borrower - \| Non-Primary Income - Sole Proprietor]; Third Party Verification - 2025 [Borrower - \| Non-Primary Income - Sole Proprietor]; 1099 - 2024 [Borrower - \| Non-Primary Income - Sole Proprietor]; 1099 - 2023 [Coborrower(s) - \| Primary Income - Wages]; The Work Number - Employment Only - 2025 [Coborrower(s) - \| Primary Income - Wages]; WVOE - 2025 [Coborrower(s) - \| Primary Income - Wages]; Paystubs - 2024	[Borrower]; 4506-C - 2023 [Borrower]; 4506-C - 2022 [Borrower]; 1084 or income worksheet - Year Not Available [Coborrower]; 4506-C - 2023 [Coborrower]; 4506-C - 2022 [Coborrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$12,149.00		6.870%	$5,000.00	1.0	DU		ApproveEligible	N/A	No	7.625%	0	0	0	0	2	0	12		0.00	No										03/01/2055	$234,389.56	35.000%	No		25			Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												9.08			No	[redacted]	$0.00	$2,960.27													No	No	No	No
223283439	250126297	250126297		Non QM				Yes	No	$17,749.00	$20,761.89		7.126%	$5,255.43	$5,255.43	6.875%	No	No	Self-Employed						US Citizen								$35,434.30	1	$5,021.40	$13,788.24	$418.45	$1,149.02						39.498%	39.498%	39.498%	02/12/2025	739																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024		Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$17,749.00		6.870%	$0.00	1.9	DU		ApproveEligible	N/A	No	6.875%	0		0	0	0	0		12	0.00	No										03/01/2055	$50,000.00	4.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															1.48			No	[redacted]	$0.00	$0.00													No	No	No	No
223283441	250226743	250226743		Non QM				Yes	No	$43,440.90	$55,969.59		7.986%	$16,496.68	$16,496.68	7.750%	No	No	Employed	Employed					US Citizen	US Citizen							$29,247.20	3	$35,979.36	$1,296.00	$2,998.28	$108.00						48.644%	48.644%	48.644%	02/04/2025	736																												No	No							[Borrower - \| Primary Income - Wages]; Paystubs - 2025 [Borrower - \| Primary Income - Wages]; The Work Number - Employment Only - 2025 [Borrower - \| Primary Income - Wages]; W-2 - 2024 [Borrower - \| Primary Income - Wages]; W-2 - 2023 [Borrower - \| Primary Income - Wages]; W-2 Transcript - 2023 [Coborrower(s) - \| Primary Income - Wages]; Paystubs - 2025 [Coborrower(s) - \| Primary Income - Wages]; The Work Number - Employment Only - 2025 [Coborrower(s) - \| Primary Income - Wages]; WVOE - 2025 [Coborrower(s) - \| Primary Income - Wages]; Paystubs - 2024 [Coborrower(s) - \| Primary Income - Wages]; W-2 - 2024 [Coborrower(s) - \| Primary Income - Wages]; W-2 - 2023 [Coborrower(s) - \| Primary Income - Wages]; W-2 - 2022	[Borrower]; 4506-C - 2024 [Borrower]; 4506-C - 2023 [Borrower]; 4506-C - 2022 [Borrower]; 1084 or income worksheet - Year Not Available [Coborrower]; 4506-C - 2024 [Coborrower]; 4506-C - 2023 [Coborrower]; 4506-C - 2022 [Coborrower]; 1084 or income worksheet - Year Not Available	Full Documentation (F)	2yr Full Doc																0	0	0			ClearEdge Lending	$43,440.90		6.920%	$9,390.00		DU		ApproveIneligible	N/A	No	7.750%	2	3	0	0	3	0			0.00	No										03/01/2055	$757,752.67	26.000%	No		26			Yes	Preliminary	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												7.53		Yes	No	[redacted]	$0.00	$35,283.27													No	No	No	No
223283442	250226720	250226720		N/A				No	No	$25,817.63	$27,696.27		9.302%	$12,007.84	$12,007.84	9.125%	No	No	Self-Employed						US Citizen								$72,881.01	1	$18,413.16	$7,065.00	$1,534.43	$588.75						29.410%	29.410%	29.410%	01/20/2025	669																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2010	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$25,817.63		6.920%	$0.00	1.4	None			No	No	9.125%	0		0	0	0	0		12	0.00	No										03/01/2065			No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	12.12			No	[redacted]	$0.00	$0.00													No	No	No	No
223283446	250126679	250126679		Non QM				Yes	No	$8,874.00	$11,404.72		7.833%	$2,490.95	$2,490.95	7.500%	No	No	Self-Employed	Not Employed					US Citizen	US Citizen							$28,853.64	1	$8,422.56	$4,745.04	$701.88	$395.42						45.016%	45.016%	45.016%	02/03/2025	777																												No	Yes	12	Business	100.000%	100.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 100.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$8,874.00		6.880%	$4,000.00	1.0	None			N/A	No	7.500%	0	0	0	0	0	0		12	0.00	No										03/01/2055	$790,040.85	100.000%	No					Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												152.06		No	No	[redacted]	$0.00	$0.00													No	No	No	No
223283447	250226931	250226931		Non QM				Yes	No	$15,055.96	$20,051.58		7.887%	$10,786.27	$10,786.27	7.750%	No	No	Self-Employed						US Citizen								$69,710.45	1	$23,524.92	$1,752.96	$1,960.41	$146.08						20.074%	20.074%	20.074%	02/26/2025	697																												No	Yes	24	Business	100.000%	50.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Account Statements - Business - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2018 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2018 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2009	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	24mo Bank Statement																0	0	0			ClearEdge Lending	$15,055.96		6.850%	$36,347.00	2.1	DU		ApproveIneligible	N/A	No	7.750%	0		0	0	0	0		24	0.00	No										03/01/2055	$383,955.00	20.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															0.1			No	[redacted]	$0.00	$0.00													No	No	No	No
223283449	250126648	250126648		Non QM				Yes	No	$29,011.48	$30,005.21		8.896%	$4,875.64	$4,875.64	8.375%	No	No	Self-Employed						US Citizen								$13,848.00	1	$11,320.08	$1,681.56	$943.34	$140.13						37.860%	37.860%	37.860%	01/24/2025	682																												No	Yes	12	Business	100.000%	80.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 80.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; CPA Letter - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 80.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 80.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 80.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2024	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$29,011.48		6.850%	$30,000.00	1.7	None			No	No	8.375%	0		0	0	0	0		12	0.00	No										03/01/2055	$182,502.05	24.000%	No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	Beacon 5.0	FICO Risk Score Classic 04															7.2			No	[redacted]	$0.00	$0.00													No	No	No	No
223283453	250227212	250227212		Non QM				Yes	No	$16,599.00	$20,951.75		7.224%	$3,547.42	$3,547.42	6.875%	No	No	Self-Employed	Self-Employed					US Citizen	US Citizen							$14,076.96	1	$10,730.88	$4,574.52	$894.24	$381.21						36.556%	36.556%	36.556%	02/25/2025	749																												No	Yes	12	Business	100.000%	50.000%	50.000%		[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Account Statements - Business - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2023 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 12]; Other - 2022 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Account Statements - Business - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Third Party Verification - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Third Party Verification - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Third Party Verification - 2025 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2023 [Coborrower(s) - \| Primary Income - Shared Bank Statements]; Other - 2022	[Borrower]; 1084 or income worksheet - Year Not Available [Coborrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	12mo Bank Statement																0	0	0			ClearEdge Lending	$16,599.00		6.730%	$0.00		None			N/A	No	6.875%	0	0	0	0	0	0		12	0.00	No										04/01/2055	$97,029.85	14.000%	No					Yes	Commitment	Fee Simple	Individual	Individual	Individual	Individual											No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04												20.74		No	No	[redacted]	$11,094.08	$0.00													No	No	No	No
223283456	250126220	250126220		N/A				No	No	$23,446.50	$11,215.86		8.025%	$10,246.05	$10,246.05	7.999%	No	No	Self-Employed						US Citizen								$23,958.83	4	$21,133.68	$2,745.12	$1,761.14	$228.76						47.327%	47.327%	47.327%	11/26/2024	733																												No	Yes	24	Business	100.000%	50.000%			[Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Third Party Verification - 2025 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Account Statements - Business - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2024 [Borrower - \| Primary Income - Bank Statements \| % of Business Ownership: 50.00% \| Expense Ratio: 50.00000% \| Expense Ratio Source: Fixed \| # of Bank Statements Required: 24]; Other - 2023	[Borrower]; 1084 or income worksheet - Year Not Available	Alternative Documentation (A)	24mo Bank Statement																0	0	0			ClearEdge Lending	$23,446.50		6.850%	$0.00		None			No	No	7.999%	0		0	0	0	0		24	0.00	No										04/01/2055	$1,134,000.39		No					Yes	Commitment	Fee Simple	Individual	Individual													No	Individual	No		No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04														No	95.96			No	[redacted]	$0.00	$0.00													No	No	No	No
223456769	1052753061	1052753061		N/A				No	No					$1,014.21	$1,014.21	8.250%	No	No							US Citizen									2	$951.00	$2,372.76	$79.25	$197.73						0.000%	0.000%	0.000%	06/21/2024	726																												No	No										DSCR																0	0	0	No		ClearEdge Lending				$0.00					N/A	No	8.250%	0		0	0	0	0			0.00	No	1.51	0.66								08/01/2054	$126,451.80	70.000%	No					Yes	Commitment	Leasehold	Individual	Individual													No	Individual	No	Yes	No	Fair Isaac (VER. 2)	FICO Classic V5 Facta	FICO Risk Score Classic 04															42.64				[redacted]	$0.00	$0.00	0	0	0	0	0	0	0	0	0	0	0	0	No	No	No	No

ASF Addendum - Business Purpose

Run Date - 6/5/2025 10:55:10 AM

SitusAMC Loan ID	Customer Loan ID	Seller Loan ID	Investor Loan Number	Seller Name	Originator Name	Guideline Author	Loan Program	Loan Program Date	Executed NOO Docs in File	Lease In Place Flag	Rental Purpose	Actual In Place Rent	Third Party Market Rent Estimate	Third Party Rent Source	Rental Income Used for Property DSCR Calculation	Rental Source for Property DTI Calculation	Calculated Monthly Debt	Property DTI	Investor DTI	Inverse DSCR	Net Operating Income	Total Debt Service	DSCR	Total DSCR	PITIA	Lease End Date	Original Lease Term	Lease in Place Flag Unit 1	Lease Start Date Unit 1	Lease End Date Unit 1	Original Lease Term Unit 1	Rental Purpose Unit 1	Actual In Place Rent Unit 1	Third Party Market Rent Estimate Unit 1	Lease in Place Flag Unit 2	Lease Start Date Unit 2	Lease End Date Unit 2	Original Lease Term Unit 2	Rental Purpose Unit 2	Actual In Place Rent Unit 2	Third Party Market Rent Estimate Unit 2	Lease in Place Flag Unit 3	Lease Start Date Unit 3	Lease End Date Unit 3	Original Lease Term Unit 3	Rental Purpose Unit 3	Actual In Place Rent Unit 3	Third Party Market Rent Estimate Unit 3	Lease in Place Flag Unit 4	Lease Start Date Unit 4	Lease End Date Unit 4	Original Lease Term Unit 4	Rental Purpose Unit 4	Actual In Place Rent Unit 4	Third Party Market Rent Estimate Unit 4	Lease in Place Flag Unit 5	Lease Start Date Unit 5	Lease End Date Unit 5	Original Lease Term Unit 5	Rental Purpose Unit 5	Actual In Place Rent Unit 5	Third Party Market Rent Estimate Unit 5	Lease in Place Flag Unit 6	Lease Start Date Unit 6	Lease End Date Unit 6	Original Lease Term Unit 6	Rental Purpose Unit 6	Actual In Place Rent Unit 6	Third Party Market Rent Estimate Unit 6	Lease in Place Flag Unit 7	Lease Start Date Unit 7	Lease End Date Unit 7	Original Lease Term Unit 7	Rental Purpose Unit 7	Actual In Place Rent Unit 7	Third Party Market Rent Estimate Unit 7	Lease in Place Flag Unit 8	Lease Start Date Unit 8	Lease End Date Unit 8	Original Lease Term Unit 8	Rental Purpose Unit 8	Actual In Place Rent Unit 8	Third Party Market Rent Estimate Unit 8	Lease in Place Flag Unit 9	Lease Start Date Unit 9	Lease End Date Unit 9	Original Lease Term Unit 9	Rental Purpose Unit 9	Actual In Place Rent Unit 9	Third Party Market Rent Estimate Unit 9	Lease in Place Flag Unit 10	Lease Start Date Unit 10	Lease End Date Unit 10	Original Lease Term Unit 10	Rental Purpose Unit 10	Actual In Place Rent Unit 10	Third Party Market Rent Estimate Unit 10	Rent Loss Insurance	Rent Loss Insurance Amount	HOA Flag	HOA Monthly Premium Amount	Monthly Property Tax	Monthly Insurance Cost	Asset Verification	Blanket Mortgage Flag	Number of Mortgaged Properties With Lender	Number of Properties	Foreign National Alternative Credit Documentation	Foreign National Borrower 1	Foreign National Borrower 2	Investor Type	Number of Years Property Owned	Borrower Residency Status	Co Borrower Residency Status	Qualifying Credit Score	Months Bankruptcy 7 11	Months Bankruptcy 13	Months Deed in Lieu	Months Short Sale or Pre FC	Prior Mtg Rent Late 30d in 12m	Prior Mtg Rent Late 60d in 12m	Prior Mtg Rent Late 90d in 12m	Prior Mtg Rent Late 30d in 24m	Prior Mtg Rent Late 60d in 24m	Prior Mtg Rent Late 90d in 24m	Section 8	Street Address	Borrower 1 Type	Borrower 1 Designation	Borrower 1 Employment Status	Borrower 1 First Name	Borrower 1 Last Name	Borrower 1 Number of Mortgaged Properties	Borrower 1 Citizenship	Borrower 1 Documentation Used to Determine Legal Residency	Borrower 1 Country Name	Borrower 1 Asset Verification Level	Borrower 1 Credit Order Date	Borrower 1 Experian FICO	Borrower 1 Experian FICO Model Used	Borrower 1 Equifax FICO	Borrower 1 Equifax FICO Model Used	Borrower 1 TransUnion FICO	Borrower 1 TransUnion FICO Model Used	Borrower 2 Type	Borrower 2 Designation	Borrower 2 Employment Status	Borrower 2 First Name	Borrower 2 Last Name	Borrower 2 Number of Mortgaged Properties	Borrower 2 Citizenship	Borrower 2 Documentation Used to Determine Legal Residency	Borrower 2 Country Name	Borrower 2 Asset Verification Level	Borrower 2 Credit Order Date	Borrower 2 Experian FICO	Borrower 2 Experian FICO Model Used	Borrower 2 Equifax FICO	Borrower 2 Equifax FICO Model Used	Borrower 2 TransUnion FICO	Borrower 2 TransUnion FICO Model Used	Borrower 3 Designation	Borrower 3 First Name	Borrower 3 Last Name	Borrower 3 Number of Mortgaged Properties	Borrower 3 Citizenship
222663255	240923602	240923602							Yes	Yes	Long Term				$1,575.00	Rent on Existing Lease	$1,143.41		0.000000	0.72			1.37	1.37	$1,143.41			Yes	08/01/2024	07/31/2025	12	Long Term	$1,575.00	$1,575.00																																																																Yes				$198.03	$63.30	Level 4-Stated/Verified as defined	No	1	2	No			Experienced Investor	1.31			671					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
222979896	241225707	241225707							Yes	Yes	Long Term				$1,400.00	Third Party Rental Source	$1,370.56		0.000000	0.98			1.02	1.02	$1,370.56			Yes	01/01/2025	05/30/2025	4	Long Term	$1,800.00	$1,400.00																																																																Yes	$26,000.00			$138.47	$103.17	Level 4-Stated/Verified as defined	No	1	3	No			Experienced Investor	12.49			715					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
222979897	241225737	241225737							Yes	Yes	Long Term				$3,850.00	Third Party Rental Source	$3,754.91		0.000000	0.98			1.03	1.03	$3,754.91			Yes	11/01/2024	11/01/2025	12	Long Term	$4,200.00	$3,850.00																																																																Yes	$19,750.00			$519.05	$281.17	Level 4-Stated/Verified as defined	No	1	4	No	No		Experienced Investor	3.75	US Citizen		709					0	0	0	0	0	0			Individual	Individual				3	US Citizen			Level 4-Stated/Verified as defined	10/21/2024	729	Fair Isaac (VER. 2)	690	FICO Classic V5 Facta	709	FICO Risk Score Classic 04
222979898	241225761	241225761							Yes	Yes	Long Term				$1,400.00	Rent on Existing Lease	$1,368.65		0.000000	0.98			1.02	1.02	$1,368.65			Yes	09/01/2021	08/31/2026	60	Long Term	$1,400.00	$1,750.00																																																																Yes	$8,400.00			$75.87	$70.42	Level 4-Stated/Verified as defined	No	1	2	No		No	Experienced Investor	14.85		US Citizen	625					0	0	0	1	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined								Individual	Individual				3	US Citizen			Level 4-Stated/Verified as defined	12/12/2024	612	Fair Isaac (VER. 2)	625	FICO Classic V5 Facta	660	FICO Risk Score Classic 04
222979899	1052871220	1052871220							Yes	No	Long Term				$12,600.00	Third Party Rental Source	$10,730.05		0.000000	0.85			1.17	1.17	$10,730.05			No				Long Term		$4,200.00	No				Long Term		$4,200.00	No				Long Term		$4,200.00																																																		Yes	$76,000.00			$2,129.00	$257.75	Level 4-Stated/Verified as defined	No	1	11	No			Experienced Investor	3.95			744					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
222979900	1052871276	1052871276							Yes	Yes	Long Term				$2,600.00	Third Party Rental Source	$1,559.80		0.000000	0.59			1.66	1.66	$1,559.80			Yes	08/01/2024	07/30/2025	11	Long Term	$1,500.00	$1,300.00	Yes	01/01/2025	12/30/2026	23	Long Term	$1,300.00	$1,300.00																																																									Yes	$20,500.00			$244.83	$76.33	Level 4-Stated/Verified as defined	No	1	2	No		No	Experienced Investor	1.38		US Citizen	714					0	0	0	1	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined								Individual	Individual				2	US Citizen			Level 4-Stated/Verified as defined	11/15/2024	772	Fair Isaac (VER. 2)	714	FICO Classic V5 Facta	681	FICO Risk Score Classic 04
222979901	1052866392	1052866392							Yes	Yes	Long Term				$3,084.00	Rent on Existing Lease	$2,587.35		0.000000	0.83			1.19	1.19	$2,587.35			Yes	08/01/2024	08/01/2025	12	Long Term	$1,500.00	$1,600.00	Yes	04/01/2024	04/01/2025	12	Long Term	$1,584.00	$1,600.00																																																									Yes	$30,000.00			$432.44	$205.92	Level 4-Stated/Verified as defined	No	1	9	No			Experienced Investor				715					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
223283412	250126072	250126072							Yes	Yes	Long Term				$2,357.50	Third Party Rental Source	$2,076.62		0.000000	0.88			1.14	1.14	$2,076.62			Yes	12/01/2024	11/30/2025	12	Long Term	$2,450.00	$2,357.50																																																																Yes	$318,600.00			$199.12	$101.08	Level 4-Stated/Verified as defined	No	1	2	No	No		Experienced Investor	4.57	US Citizen		679					0	0	0	0	0	0			Individual	Individual				2	US Citizen			Level 4-Stated/Verified as defined	12/26/2024	679	Fair Isaac (VER. 2)	676	Beacon 5.0	695	FICO Risk Score Classic 04
223283413	241225941	241225941							Yes	Yes	Long Term				$7,000.00	Rent on Existing Lease	$5,424.98		0.000000	0.77			1.29	1.29	$5,424.98			Yes	10/01/2024	10/31/2025	13	Long Term	$7,000.00	$7,000.00																																																																Yes	$44,440.00			$544.25	$425.75	Level 4-Stated/Verified as defined	No	1	3	No			Experienced Investor	1.21			801					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
223283414	250126429	250126429							Yes	No	Long Term				$2,750.00	Third Party Rental Source	$2,485.44		0.000000	0.9			1.11	1.11	$2,485.44			No				Long Term		$2,750.00																																																																Yes	$38,910.00			$217.64	$199.17	Level 3-Stated/Partially Verified	No	1	1	No	No		Experienced Investor		US Citizen		683					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 3-Stated/Partially Verified	01/13/2025	683	Fair Isaac (VER. 2)	649	Beacon 5.0	686	FICO Risk Score Classic 04
223283416	241225893	241225893							Yes	Yes	Long Term				$1,300.00	Third Party Rental Source	$1,181.53		0.000000	0.91			1.10	1.1	$1,181.53			Yes	12/28/2024	12/31/2025	12	Long Term	$1,350.00	$1,300.00																																																																Yes	$22,130.00			$115.11	$103.92	Level 4-Stated/Verified as defined	No	1	2	No	No		Experienced Investor		US Citizen		733					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 4-Stated/Verified as defined	11/20/2024	764	Fair Isaac (VER. 2)	733	FICO Classic V5 Facta	732	FICO Risk Score Classic 04
223283417	241225517	241225517							Yes	Yes	Long Term				$1,500.00	Rent on Existing Lease	$1,495.90		0.000000	1			1.00	1	$1,495.90			Yes	02/01/2024	01/31/2025	12	Long Term	$1,500.00	$1,800.00																																																																Yes	$30,000.00			$205.97	$318.34	Level 4-Stated/Verified as defined	No	1	4	No			Experienced Investor	1.89			707					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
223283418	241125466	241125466							Yes	Yes	Long Term				$1,200.00	Rent on Existing Lease	$1,198.60		0.000000	1			1.00	1	$1,198.60			Yes	08/01/2023	09/01/2023	1	Long Term	$1,200.00	$1,600.00																																																																Yes	$30,000.00			$132.04	$312.49	Level 4-Stated/Verified as defined	No	1	4	No			Experienced Investor	1.89			707					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
223283420	250126497	250126497							Yes	Yes	Long Term				$3,335.00	Third Party Rental Source	$3,292.25		0.000000	0.99			1.01	1.01	$3,292.25			Yes	02/15/2025	07/15/2026	17	Long Term	$4,000.00	$3,335.00																																																																Yes				$307.84	$162.53	Level 4-Stated/Verified as defined	No	1	1	No	No		Experienced Investor	0.78	US Citizen		703					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 4-Stated/Verified as defined	10/21/2024	703	Fair Isaac (VER. 2)	689	FICO Classic V5 Facta	703	FICO Risk Score Classic 04
223283421	250226737	250226737							Yes	Yes	Long Term				$1,850.00	Third Party Rental Source	$1,636.09		0.000000	0.88			1.13	1.13	$1,636.09			Yes	01/10/2025	12/31/2025	11	Long Term	$1,900.00	$1,850.00																																																																Yes				$186.74	$77.80	Level 4-Stated/Verified as defined	No	1	4	No		No	Experienced Investor	0.25		US Citizen	783					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined								Individual	Individual				1	US Citizen			Level 4-Stated/Verified as defined	02/04/2025	798	Fair Isaac (VER. 2)	783	FICO Classic V5 Facta	770	FICO Risk Score Classic 04
223283422	250126681	250126681							Yes	Yes	Long Term				$3,200.00	Multiple Sources	$3,140.89		0.000000	0.98			1.02	1.02	$3,140.89			No				Long Term		$2,300.00	Yes	02/25/2025	02/24/2026	12	Long Term	$900.00	$1,000.00																																																									Yes	$22,000.00			$197.31	$231.08	Level 3-Stated/Partially Verified	No	1	2	No	No		Experienced Investor		US Citizen		715					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 3-Stated/Partially Verified	01/29/2025	715	Fair Isaac (VER. 2)	711	FICO Classic V5 Facta	728	FICO Risk Score Classic 04
223283425	250226698	250226698							Yes	No	Long Term				$2,100.00	Third Party Rental Source	$2,042.43		0.000000	0.97			1.03	1.03	$2,042.43			No				Long Term		$2,100.00																																																																Yes	$30,003.00			$314.08	$175.04	Level 3-Stated/Partially Verified	No	1	3	No	No	No	Experienced Investor		Non-Permanent Resident Alien	US Citizen	765					0	0	0	0	0	0			Individual	Individual				1	Non-Permanent Resident Alien			Level 3-Stated/Partially Verified	12/10/2024	765	Fair Isaac (VER. 2)	772	FICO Classic V5 Facta	755	FICO Risk Score Classic 04	Individual	Individual				2	US Citizen			Level 3-Stated/Partially Verified	01/31/2025	774	Fair Isaac (VER. 2)	0		760	FICO Risk Score Classic 04
223283429	250226981	250226981							Yes	Yes	Long Term				$3,200.00	Rent on Existing Lease	$3,045.98		0.000000	0.95			1.05	1.05	$3,045.98			Yes	02/01/2025	12/31/2025	11	Long Term	$3,200.00	$3,200.00																																																																Yes				$561.34	$211.75	Level 4-Stated/Verified as defined	No	1	2	No	No		Experienced Investor	2.37	US Citizen		680					0	0	0	0	0	0			Individual	Individual				3	US Citizen			Level 4-Stated/Verified as defined	02/14/2025	686	Fair Isaac (VER. 2)	675	FICO Classic V5 Facta	680	FICO Risk Score Classic 04
223283430	241225719	241225719							Yes	Yes	Long Term				$5,000.00	Third Party Rental Source	$4,202.38		0.000000	0.84			1.19	1.19	$4,202.38			Yes	08/01/2024	08/01/2025	12	Long Term	$5,400.00	$2,800.00	Yes	10/01/2023	10/01/2025	24	Long Term	$5,250.00	$2,200.00																																																									Yes	$32,640.00			$683.87	$669.48	Level 4-Stated/Verified as defined	No	1	8	No	No		Experienced Investor	2.66	US Citizen		749					2	0	0	2	0	0			Individual	Individual				6	US Citizen			Level 4-Stated/Verified as defined	01/13/2025	749	Fair Isaac (VER. 2)	751	FICO Classic V5 Facta	717	FICO Risk Score Classic 04
223283431	1052883944	1052883944							Yes	Yes	Long Term				$1,600.00	Rent on Existing Lease	$1,596.40		0.000000	0.99			1.00	1	$1,596.40			Yes	05/17/2024	05/31/2025	12	Long Term	$1,600.00	$1,750.00																																																																Yes	$9,600.00			$150.30	$272.08	Level 4-Stated/Verified as defined	No	1	1	No			Experienced Investor	0.95			684					0	0	0	0	0	0			LLC	Business Entity				1				Level 4-Stated/Verified as defined
223283432	1052884008	1052884008							Yes	Yes	Long Term				$9,750.00	Rent on Existing Lease	$6,474.70		0.000000	0.66			1.50	1.5	$6,474.70			Yes	05/01/2024	04/30/2026	24	Long Term	$2,150.00	$2,200.00	Yes	03/01/2024	02/28/2025	12	Long Term	$2,400.00	$2,500.00	Yes	07/01/2024	07/30/2026	24	Long Term	$2,600.00	$3,500.00	Yes	09/01/2024	08/31/2025	12	Long Term	$2,600.00	$4,000.00																																											Yes	$50,000.00			$1,402.23	$378.17	Level 4-Stated/Verified as defined	No	1	2	No	No		Experienced Investor	19.28	US Citizen		654					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 4-Stated/Verified as defined	12/07/2024	605	Fair Isaac (VER. 2)	663	FICO Classic V5 Facta	654	FICO Risk Score Classic 04
223283433	1052924524	1052924524							Yes	No	Long Term				$7,800.00	Third Party Rental Source	$5,806.62		0.000000	0.74			1.34	1.34	$5,806.62			No				Long Term		$2,200.00	No				Long Term		$2,200.00	No				Long Term		$1,700.00	No				Long Term		$1,700.00																																											Yes	$87,350.00			$673.13	$466.75	Level 1-Not Stated/Not Verified	No	1	10	No			Experienced Investor				683					0	0	0	0	0	0			LLC	Business Entity				1				Level 1-Not Stated/Not Verified
223283442	250226720	250226720							Yes								$14,656.02		0.294104						$14,656.02																																																																													$1,534.43	$588.75	Level 4-Stated/Verified as defined				No	No			0.97	US Citizen		669					0	0	0	0	0	0			Individual	Individual	Employed			2	US Citizen			Level 4-Stated/Verified as defined	01/20/2025	622	Fair Isaac (VER. 2)	692	FICO Classic V5 Facta	669	FICO Risk Score Classic 04
223283456	250126220	250126220							Yes								$12,235.95		0.473270						$12,235.95																																																																													$1,761.14	$228.76	Level 3-Stated/Partially Verified				No	No			2.25	US Citizen		733					0	0	0	0	0	0			Individual	Individual	Employed			13	US Citizen			Level 3-Stated/Partially Verified	11/26/2024	722	Fair Isaac (VER. 2)	733	FICO Classic V5 Facta	746	FICO Risk Score Classic 04
223456769	1052753061	1052753061							Yes	No	Long Term				$2,000.00	Third Party Rental Source	$1,321.19		0.000000	0.66			1.51	1.51	$1,321.19			No				Long Term		$1,000.00	No				Long Term		$1,000.00																																																									Yes	$50,000.00			$79.25	$197.73	Level 4-Stated/Verified as defined	No	1	2	No	No		Experienced Investor		US Citizen		726					0	0	0	0	0	0			Individual	Individual				1	US Citizen			Level 4-Stated/Verified as defined	06/21/2024	715	Fair Isaac (VER. 2)	758	FICO Classic V5 Facta	726	FICO Risk Score Classic 04

SitusAMC Loan ID	Borrower 3 Documentation Used to Determine Legal Residency	Borrower 3 Country Name	Borrower 3 Asset Verification Level	Borrower 3 Credit Order Date	Borrower 3 Experian FICO	Borrower 3 Experian FICO Model Used	Borrower 3 Equifax FICO	Borrower 3 Equifax FICO Model Used	Borrower 3 TransUnion FICO	Borrower 3 TransUnion FICO Model Used	Borrower 4 Designation	Borrower 4 First Name	Borrower 4 Last Name	Borrower 4 Number of Mortgaged Properties	Borrower 4 Citizenship	Borrower 4 Documentation Used to Determine Legal Residency	Borrower 4 Country Name	Borrower 4 Asset Verification Level	Borrower 4 Credit Order Date	Borrower 4 Experian FICO	Borrower 4 Experian FICO Model Used	Borrower 4 Equifax FICO	Borrower 4 Equifax FICO Model Used	Borrower 4 TransUnion FICO	Borrower 4 TransUnion FICO Model Used	Personal Guarantee	Guarantor 1 First Name	Guarantor 1 Last Name	Guarantor 1 Business Ownership Percent	Guarantor 1 Recourse Type	Guarantor 1 Number of Mortgaged Properties	Guarantor 1 Citizenship	Guarantor 1 Documentation Used to Determine Legal Residency	Guarantor 1 Country Name	Guarantor 1 Asset Verification Level	Guarantor 1 Employment Verification Level	Guarantor 1 Income Verification Level	Guarantor 1 FICO Model Used	Guarantor 1 Credit Order Date	Guarantor 1 Experian FICO	Guarantor 1 Experian FICO Model Used	Guarantor 1 Equifax FICO	Guarantor 1 Equifax FICO Model Used	Guarantor 1 TransUnion FICO	Guarantor 1 TransUnion FICO Model Used	Guarantor 1 Most Recent Fico Method	Guarantor 2 First Name	Guarantor 2 Last Name	Guarantor 2 Business Ownership Percent	Guarantor 2 Recourse Type	Guarantor 2 Number of Mortgaged Properties	Guarantor 2 Citizenship	Guarantor 2 Documentation Used to Determine Legal Residency	Guarantor 2 Country Name	Guarantor 2 Asset Verification Level	Guarantor 2 Employment Verification Level	Guarantor 2 Income Verification Level	Guarantor 2 FICO Model Used	Guarantor 2 Credit Order Date	Guarantor 2 Experian FICO	Guarantor 2 Experian FICO Model Used	Guarantor 2 Equifax FICO	Guarantor 2 Equifax FICO Model Used	Guarantor 2 TransUnion FICO	Guarantor 2 TransUnion FICO Model Used	Guarantor 2 Most Recent Fico Method	Guarantor 3 First Name	Guarantor 3 Last Name	Guarantor 3 Business Ownership Percent	Guarantor 3 Recourse Type	Guarantor 3 Number of Mortgaged Properties	Guarantor 3 Citizenship	Guarantor 3 Documentation Used to Determine Legal Residency	Guarantor 3 Country Name	Guarantor 3 Asset Verification Level	Guarantor 3 Employment Verification Level	Guarantor 3 Income Verification Level	Guarantor 3 FICO Model Used	Guarantor 3 Credit Order Date	Guarantor 3 Experian FICO	Guarantor 3 Experian FICO Model Used	Guarantor 3 Equifax FICO	Guarantor 3 Equifax FICO Model Used	Guarantor 3 TransUnion FICO	Guarantor 3 TransUnion FICO Model Used	Guarantor 3 Most Recent Fico Method	Guarantor 4 First Name	Guarantor 4 Last Name	Guarantor 4 Business Ownership Percent	Guarantor 4 Recourse Type	Guarantor 4 Number of Mortgaged Properties	Guarantor 4 Citizenship	Guarantor 4 Documentation Used to Determine Legal Residency	Guarantor 4 Country Name	Guarantor 4 Asset Verification Level	Guarantor 4 Employment Verification Level	Guarantor 4 Income Verification Level	Guarantor 4 FICO Model Used	Guarantor 4 Credit Order Date	Guarantor 4 Experian FICO	Guarantor 4 Experian FICO Model Used	Guarantor 4 Equifax FICO	Guarantor 4 Equifax FICO Model Used	Guarantor 4 TransUnion FICO	Guarantor 4 TransUnion FICO Model Used	Guarantor 4 Most Recent Fico Method	Authorized Signor 1 First Name	Authorized Signor 1 Last Name	Authorized Signor 2 First Name	Authorized Signor 2 Last Name	Member 1 First Name	Member 1 Last Name	Member 1 Documentation Used to Determine Legal Residency	Member 1 Credit Order Date	Member 1 Experian FICO	Member 1 Experian FICO Model Used	Member 1 Equifax FICO	Member 1 Equifax FICO Model Used	Member 1 TransUnion FICO	Member 1 TransUnion FICO Model Used	Member 1 Asset Verification Level	Member 1 Employment Verification Level	Member 1 Income Verification Level	Member 2 First Name	Member 2 Last Name	Member 2 Documentation Used to Determine Legal Residency	Member 2 Credit Order Date	Member 2 Experian FICO	Member 2 Experian FICO Model Used	Member 2 Equifax FICO	Member 2 Equifax FICO Model Used	Member 2 TransUnion FICO	Member 2 TransUnion FICO Model Used	Member 2 Asset Verification Level	Member 2 Employment Verification Level	Member 2 Income Verification Level	Loan Application Date	Sales Contract Date	Qualifying Home Value for LTV	Number of Units	Year Built	Total Sq Ft	Number of Bedrooms	Number of Bathrooms	Property Condition	Acquisition Cost	Renovation Cost	Effective Gross Income	Turnover Costs	Repairs and Maintenance	Marketing and Leasing Costs	Utilities	Other Costs	Cap Ex Reserve	Investment Property Original As Is LTV	As Is Value	After Repair Value	After Repair Value LTV	Loan to Cost	Original Sales Price	Assignment Fee	Loan to Purchase Price	SBC Occupancy	Investment Property Type	Has Dutch Interest	Interest Reserves Escrowed	Guarantor 1 ITIN Flag	Guarantor 2 ITIN Flag	Guarantor 3 ITIN Flag	Guarantor 4 ITIN Flag
222663255																										Yes			50.00%	Full Recourse	2	US Citizen			Level 2-Stated/Not Verified			Classic	09/13/2024	671	Fair Isaac (VER. 2)	664	FICO Classic V5 Facta	671	FICO Risk Score Classic 04	3																																																																																													$235,000.00	1					C3										62.128%	$235,000.00			100.000%	$146,000.00
222979896																										Yes			100.00%	Full Recourse		US Citizen			Level 2-Stated/Not Verified			Classic	12/06/2024	715	Fair Isaac (VER. 2)	711	FICO Classic V5 Facta	720	FICO Risk Score Classic 04	3																																																																																													$185,500.00	1					C3										74.798%	$185,500.00
222979897																										No																																																																																																																	$620,000.00	1					C4										75.000%	$620,000.00			125.676%	$370,000.00
222979898																										No																																																																																																																	$390,000.00	1					C4										41.795%	$390,000.00
222979899																										Yes			100.00%	Full Recourse	12	US Citizen			Level 2-Stated/Not Verified			Classic	11/12/2024	740	Fair Isaac (VER. 2)	766	FICO Classic V5 Facta	744	FICO Risk Score Classic 04	3																																																																																													$1,760,000.00	3					C1										75.000%	$1,760,000.00			406.154%	$325,000.00
222979900																										No																																																																																																																	$238,000.00	2					C4										73.529%	$238,000.00
222979901																										Yes			51.00%	Full Recourse	5	US Citizen			Level 3-Stated/Partially Verified			Classic	09/24/2024	737	Fair Isaac (VER. 2)	682	FICO Classic V5 Facta	715	FICO Risk Score Classic 04	3																																																																																													$350,000.00	2					Good										76.800%	$350,000.00			76.800%			76.800%
223283412																										No																																																																																																																	$350,000.00	1					C3										70.000%	$350,000.00			148.485%	$165,000.00
223283413																										Yes			50.00%	Full Recourse	3	US Citizen			Level 2-Stated/Not Verified			Classic	11/05/2024	791	Fair Isaac (VER. 2)	801	FICO Classic V5 Facta	822	FICO Risk Score Classic 04	3																																																																																													$800,000.00	1					C2										75.000%	$800,000.00			363.636%	$165,000.00
223283414																										No																																																																																																																	$370,500.00	1					C3										76.987%	$385,000.00			80.000%			80.000%
223283416																										No																																																																																																																	$222,000.00	1					C3										69.369%	$222,000.00
223283417																										Yes			100.00%	Full Recourse	2	US Citizen			Level 2-Stated/Not Verified			Classic	11/26/2024	734	Fair Isaac (VER. 2)	679	FICO Classic V5 Facta	707	FICO Risk Score Classic 04	3																																																																																													$210,000.00	1					C4										63.810%	$210,000.00
223283418																										Yes			100.00%	Full Recourse	2	US Citizen			Level 2-Stated/Not Verified			Classic	11/26/2024	734	Fair Isaac (VER. 2)	679	FICO Classic V5 Facta	707	FICO Risk Score Classic 04	3																																																																																													$155,000.00	1					C4										67.097%	$155,000.00
223283420																										No																																																																																																																	$602,000.00	1					C3										75.000%	$602,000.00			78.618%	$574,299.00
223283421																										No																																																																																																																	$274,900.00	1					C3										75.000%	$274,900.00
223283422																										No																																																																																																																	$600,000.00	1					C4										70.000%	$600,000.00			70.000%			70.000%
223283425																										No																																																																																																																	$332,900.00	1					C3										79.499%	$335,000.00			80.000%			80.000%
223283429																										No																																																																																																																	$511,000.00	1					C3										70.000%	$511,000.00
223283430																										No																																																																																																																	$550,000.00	2					C4										75.000%	$550,000.00
223283431																										Yes			100.00%	Full Recourse	1	US Citizen			Level 3-Stated/Partially Verified			Classic	01/03/2025	698	Fair Isaac (VER. 2)	635	FICO Classic V5 Facta	684	FICO Risk Score Classic 04	3																																																																																													$200,000.00	1					C3										80.000%	$200,000.00				$0.00
223283432																										No																																																																																																																	$1,260,000.00	4					Average										46.825%	$1,260,000.00
223283433																										Yes			100.00%	Full Recourse	4	US Citizen			Level 4-Stated/Verified as defined			Classic	01/15/2025	683	Fair Isaac (VER. 2)	683	FICO Classic V5 Facta	721	FICO Risk Score Classic 04	3																																																																																													$800,000.00	4					C4										71.856%	$835,000.00			75.000%			75.000%
223283442																										No																																																																																																																	$2,050,000.00	1					C4											$2,050,000.00
223283456																										No																																																																																																																	$1,995,000.00	4					C3											$1,995,000.00
223456769																										No																																																																																																																	$180,000.00	2					Average										75.000%	$180,000.00			75.000%			75.000%