GCAT DEPOSITOR VI LLC ABS-15G

Exhibit 99.38

 

Rating Agency Exceptions Report: 6/3/2025
Loan Information  Exception Information Initial Overall Grades Final Overall Grades Event Level
Loan Number Loan Number 2 Property State Purpose Occupancy Property Type DTI DSCR FICO LTV Note Original Balance Exception ID Exception Type Exception Description Exception Note Exception General Comment Compensating Factors Exception Status DBRS Fitch Moody's S&P DBRS Fitch Moody's S&P Grade
XXXXXXXXXXX 20250616 FL Purchase Owner Occupied PUD 39.51   781 80.00 % XXXXXXXXXXX 299198 Compliance Initial Escrow The initial Loan Estimate and all subsequent LE's are missing from the loan file. 2/13/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250616 FL Purchase Owner Occupied PUD 39.51   781 80.00 % XXXXXXXXXXX 299201 Credit Eligibilty A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Preapproval for incomplete housing history approved by XXXX and in file.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250616 FL Purchase Owner Occupied PUD 39.51   781 80.00 % XXXXXXXXXXX 299264 Credit Warranty Deed / Quit Claim Deed The Warranty/ Grant Deed is missing from the loan file. 2/13/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250616 FL Purchase Owner Occupied PUD 39.51   781 80.00 % XXXXXXXXXXX 299543 Compliance Closing Disclosure This loan failed the initial closing disclosure delivery date test. Provide documentation that the initial CD was delivered at least 3 days prior to closing.  2/18/2025: Document provided to cure   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250619 MI Purchase Non-Owner Occupied Three-Unit Property 0 1.352 728 80.00 % XXXXXXXXXXX 299734 Credit Eligibilty The final Amortization Schedule is missing from the loan file. 2/28/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250619 MI Purchase Non-Owner Occupied Three-Unit Property 0 1.352 728 80.00 % XXXXXXXXXXX 299735 Property Appraisal A 3rd party appraisal review from an XXXX approved vendor is missing from the loan file. 2/28/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250619 MI Purchase Non-Owner Occupied Three-Unit Property 0 1.352 728 80.00 % XXXXXXXXXXX 299736 Credit Borrower Eligibilty The Certification of Business Purpose disclosure is missing from the loan file.  2/28/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250619 MI Purchase Non-Owner Occupied Three-Unit Property 0 1.352 728 80.00 % XXXXXXXXXXX 299785 Credit Doc Type The Occupancy Certification disclosure is missing from the loan file. 2/28/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250620 SC Refi - Cash Out Owner Occupied Single Family Detached 32.55   688 39.17 % XXXXXXXXXXX 299715 Credit Warranty Deed / Quit Claim Deed The warranty/ grant deed from XXXX to the borrower is missing from the loan file. 2/26/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250620 SC Refi - Cash Out Owner Occupied Single Family Detached 32.55   688 39.17 % XXXXXXXXXXX 299765 Credit Borrower Eligibilty Subject property is currently vested in a corporation, [Redacted]. Provide evidence of ownership of this corporation to verify the borrower is the owner of the property. 2/26/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250625 NJ Purchase Owner Occupied Condo Attached 19.89   751 76.00 % XXXXXXXXXXX 299737 Credit AUS/Loan Approval Loan locked as XXXX. Provide the AUS Certificate. 02/21/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250628 TN Purchase Non-Owner Occupied Two-Unit Property 23.59   808 80.00 % XXXXXXXXXXX 299815 Credit Income The 4506-C Tax Transcripts for XXXX-XXXX are missing from the loan file. 2/28/2025: Document provided to cure.    Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250629 TN Purchase Non-Owner Occupied Two-Unit Property 23   808 80.00 % XXXXXXXXXXX 299790 Credit Income The XXXX-XXXX Tax Transcripts are missing from the loan file. 02/26/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250630 TN Purchase Non-Owner Occupied Two-Unit Property 23   808 80.00 % XXXXXXXXXXX 299819 Credit Income The 4506-C Tax Transcripts for XXXX-XXXX are missing from the loan file. 2/28/2025: Document provided to cure.    Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250635 OR Refi - Cash Out Owner Occupied PUD 43.03   726 79.41 % XXXXXXXXXXX 299676 Credit Income Income from borrower XXXX is based on XXXX months business bank statements; the XXXX statement for XXXX #XXXX is missing from the loan file to complete a full XXXX months. Final income/ DTI pending. 02/24/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250635 OR Refi - Cash Out Owner Occupied PUD 43.03   726 79.41 % XXXXXXXXXXX 299683 Property Appraisal CU score is 3.2; A 3rd party appraisal review from an XXXX approved vendor (ServiceLink, Consolidated Analytics, Summit Valuations or Stewart) is missing from the loan file. 02/24/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250639 NC Purchase Non-Owner Occupied PUD 6.9 0 756 80.00 % XXXXXXXXXXX 299693 Credit Occupancy The Occupancy Certification form is missing from the loan file.  2/26/2025: Document provided to cure.    Cleared Exception C C C C B B B B 1
XXXXXXXXXXX 20250639 NC Purchase Non-Owner Occupied PUD 6.9 0 756 80.00 % XXXXXXXXXXX 299694 Credit Employment-Self Employment According to the underwriting guidelines, an internet search of the business is required to support the business narrative. In this case, the documentation is missing from the loan file.  2/26/2025: Document provided to cure.    Cleared Exception C C C C B B B B 1
XXXXXXXXXXX 20250639 NC Purchase Non-Owner Occupied PUD 6.9 0 756 80.00 % XXXXXXXXXXX 299695 Credit Employment According to the underwriting guidelines, bank statement loans require a validation of a minimum of XXXX years existence of the business. In this case the borrower has been XXXX XXXX yr XXXX mo but in the same line of work prior to XXXX Exception for XXXX > XXXX years approved by XXXX and in file. DTI - 6.90%, Months Of Reserves - XXXX Client Accepted C C C C B B B B 2
XXXXXXXXXXX 20250640 MO Purchase Non-Owner Occupied Single Family Detached 0 1.012 791 80.00 % XXXXXXXXXXX 299670 Credit Borrower Eligibilty Per guidelines no open and active mortgages reporting on credit or free and clear properties will require pre-approval. 2/21: not in XXXX guides.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250648 FL Refi - Cash Out Non-Owner Occupied PUD 0 1.062 809 69.70 % XXXXXXXXXXX 299661 Credit Eligibilty According to the guidelines, subject property recently vacated by the borrower requires a lease and proof of three months’ rent paid at new primary residence in order to consider the property. Transaction is ineligible if borrower is living rent free. Exception for borrower living rent free approved by XXXX and in file. Credit Score - 809, Months Of Reserves - XXXX, LTV - 69.70% Client Accepted D D D D B B B B 2
XXXXXXXXXXX 20250648 FL Refi - Cash Out Non-Owner Occupied PUD 0 1.062 809 69.70 % XXXXXXXXXXX 299662 Credit Final 1003 The final signed 1003 is missing from the loan file. 02/21/25: Documentation provided to cure.   Cleared Exception D D D D B B B B 1
XXXXXXXXXXX 20250653 CA Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.1072 703 19.53 % XXXXXXXXXXX 299709 Credit Closing Disclosure The final Closing Disclosure/Hud-1 is missing from the loan file. 02/26/25: Documentation provided to cure.   Cleared Exception D D D D B B B B 1
XXXXXXXXXXX 20250653 CA Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.1072 703 19.53 % XXXXXXXXXXX 299900 Property Appraisal The subject property county is located in a XXXX. Provide a post-disaster inspection report for the property. 2/28: XXXX has agreed to clear based on appraiser comments. Credit Score - 802, LTV - 19.53% Client Accepted D D D D B B B B 2
XXXXXXXXXXX 20250657 CA Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.166 714 74.03 % XXXXXXXXXXX 299712 Property Appraisal Appraisal states subject property is owner occupied; provide a corrected appraisal showing tenant occupied. 03/03/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250657 CA Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.166 714 74.03 % XXXXXXXXXXX 299713 Property Appraisal Per guidelines no income from the rental of an XXXX is permitted to be used for qualification unless the zoning permits an XXXX and the appraisal contains the following: Appraisal reflects the XXXX is legal and the market rent for the XXXX must be documented on the 1007.  3/3: Need appraisal to show XXXX market rents: one for the main unit and a separate market rent for the AXXXXDU. Cannot be combined.
3/7/2025: It appears that the appraiser may have combined the income together however per the guidelines, the market rent for the accessory unit must be documented on the 1007.
3/12: Still need Form 1007 to show the market rent for the main house AND a separate market rent for the XXXX. Cannot be combined.  3/18: XXXX has agreed to clear.		   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250658 NY Purchase Non-Owner Occupied Two-Unit Property 0 1.0065 794 60.00 % XXXXXXXXXXX 299703 Credit Eligibilty According to the underwriting guidelines, the minimum square footage allowed for each unit is XXXX ft. In this case, Unit #XXXX is XXXX sq ft., which does not meet the guideline requirement.  02/21/25: Ok per XXXX. Not in XXXX guides.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250662 VA Refi - Cash Out Owner Occupied Condo Attached 36.43   637 43.01 % XXXXXXXXXXX 300054 Credit Eligibilty The Final Amortization Schedule is missing from the loan file.  3/10/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250663 AZ Refi - Cash Out Owner Occupied Single Family Detached 22.86   687 70.00 % XXXXXXXXXXX 299175 Credit Note The Note was incomplete, only 1 page of the note was provided in the loan file. 2/13/2025: The note provided was not signed.
2/14/2025: Document provided to cure. 		   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250665 NJ Refi - Cash Out Owner Occupied Single Family Detached 46.05   686 49.02 % XXXXXXXXXXX 299513 Credit Income - Self Employment Provide verification of CPA's license, documentation provided does not show the license number. 02/19/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250669 CA Purchase Non-Owner Occupied Single Family Detached 32.5   729 80.00 % XXXXXXXXXXX 299596 Credit Closing Disclosure The executed Final Closing Disclosure is missing from the loan file. The XXXX CD was used for calculations.  02/20/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250669 CA Purchase Non-Owner Occupied Single Family Detached 32.5   729 80.00 % XXXXXXXXXXX 299599 Credit Warranty Deed / Quit Claim Deed The Warranty Deed is missing from the loan file. 02/20/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250670 CA Purchase Non-Owner Occupied Single Family Detached 0 1.0083 751 71.00 % XXXXXXXXXXX 299468 Credit Hazard Insurance The Property Insurance does not contain rental loss coverage. 2/14/2025: Post consummation document provided to cure.    Cleared Exception C C C C B B B B 2
XXXXXXXXXXX 20250670 CA Purchase Non-Owner Occupied Single Family Detached 0 1.0083 751 71.00 % XXXXXXXXXXX 299473 Credit Warranty Deed / Quit Claim Deed The Warranty Deed is missing from the loan file.  2/14/2025: Document provided to cure.    Cleared Exception C C C C B B B B 1
XXXXXXXXXXX 20250672 FL Purchase Owner Occupied PUD 8.28   762 80.00 % XXXXXXXXXXX 299885 Credit Income - Self Employment The loan file included XXXX months of business statements, XXXX- XXXX provide an additional bank statement to verify XXXX months of business statements for the bank statement program. 03/03/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250673 CA Purchase Non-Owner Occupied Single Family Detached 2.63   803 67.55 % XXXXXXXXXXX 299722 Credit Doc Type The final Amortization Schedule is missing from the loan file. 02/26/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250679 TX Purchase Owner Occupied PUD 41.89   757 77.42 % XXXXXXXXXXX 299755 Credit Income Tax Professional license must be verified. 2/26/2025: Document provided to cure.    Cleared Exception D D D D B B B B 1
XXXXXXXXXXX 20250679 TX Purchase Owner Occupied PUD 41.89   757 77.42 % XXXXXXXXXXX 299756 Credit Income Letter from Tax Preparer must attest that the Expense Ratio represents an accurate summary of the applicable cash expenses of the business. 2/26/2025: Tax preparer letter did not attest that the expense ratio represents an accurate summary of the cash expenses.
3/7/2025: Post consummation letter provided to cure. 		   Cleared Exception D D D D B B B B 2
XXXXXXXXXXX 20250679 TX Purchase Owner Occupied PUD 41.89   757 77.42 % XXXXXXXXXXX 299758 Credit Employment-Self Employment Business Narrative reflects no use of vehicles. Provide an LOE from the borrower how an air duct cleaning service company does not require the use of vehicles. 2/21: XXXX has approved the XXXX% expense ratio.   Cleared Exception D D D D B B B B 1
XXXXXXXXXXX 20250684 FL Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 1.3434 717 75.00 % XXXXXXXXXXX 299741 Credit Credit - Eligiblity The certificate of formation/articles of organization for REO XXXX was not located in the file. 02/27/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250684 FL Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 1.3434 717 75.00 % XXXXXXXXXXX 299742 Credit Credit The mortgage with XXXX #XXXX that was paid off at closing did not have a full 1XXXX2 month payment history provided.  the mortgage statements only shows payments form XXXX through XXXX (XXXX months). 02/27/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250687 IL Purchase Owner Occupied Single Family Detached 13.36   656 75.00 % XXXXXXXXXXX 299332 Credit Program Eligibilty Per guidelines borrowers with no investment properties retaining their departing residence as a rental require preapproval. 02/24/25: A pre-approval was provided by XXXX   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250692 TX Purchase Owner Occupied PUD 47.18   771 80.00 % XXXXXXXXXXX 299653 Credit Employment According to the underwriting guidelines, an internet search of the business is required to support the business narrative. In this case, the documentation is missing from the loan file. 02/19/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250692 TX Purchase Owner Occupied PUD 47.18   771 80.00 % XXXXXXXXXXX 299655 Credit Credit Borrowers with no investment properties retaining their departing residence as a rental require preapproval. 02/17/25: A pre-approval was provided by XXXX.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250696 KY Purchase Non-Owner Occupied Condo Attached 0 1.0185 771 72.00 % XXXXXXXXXXX 299925 Credit Eligibilty The Final Amortization Schedule is missing from the loan file.  03/06/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250696 KY Purchase Non-Owner Occupied Condo Attached 0 1.0185 771 72.00 % XXXXXXXXXXX 299926 Credit Condo/PUD The Condo Project Questionnaire is missing from the loan file.  03/06/25: Documentation provided to cure.  Warrantable condo.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250699 IL Purchase Non-Owner Occupied Condo Attached 0 0.7561 737 70.00 % XXXXXXXXXXX 300394 Credit Flood Certificate The Flood Certificate has an incorrect unit number for the subject property address. 3/26/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250703 TX Refi - Cash Out Non-Owner Occupied Single Family Detached 40.98   665 54.99 % XXXXXXXXXXX 300010 Credit Loan Purpose According to the underwriting guidelines, all loans must be submitted to an automated fraud and data check tool (i.e. Frauguard, DataVerify, etc.). In this case, the documentation is not included in the loan file. 3/7/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250703 TX Refi - Cash Out Non-Owner Occupied Single Family Detached 40.98   665 54.99 % XXXXXXXXXXX 300011 Credit Doc Type The Final Amortization Schedule is missing from the loan file. 3/7/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250703 TX Refi - Cash Out Non-Owner Occupied Single Family Detached 40.98   665 54.99 % XXXXXXXXXXX 300012 Credit HUD-1 Provide evidence of ownership for the following XXXX properties that are reflected on the borrowers XXXX  Tax Return 1040 schedule E: 1. XXXX, 2 XXXX, 3. XXXX, 4. XXXX and XXXX. If properties are still owned provide evidence of liabilities to be included in the DTI.  3/14: Provide an LOE from the borrower explaining why XXXX properties not owned by the borrowers are listed on their personal tax return.   03/18/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250704 NM Rate Term Refi Non-Owner Occupied Two-Unit Property 0 1.2144 778 75.00 % XXXXXXXXXXX 299957 Compliance Other The subject property address on the Rate Lock is XXXX but the loan docs state XXXX. Provide verification of the correct subject address.  3/7/2025: Lender confirmed the rate lock has been updated.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250705 FL Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.2626 785 33.46 % XXXXXXXXXXX 299901 Credit Final 1003 Section 8: Demographic Information is not completed on the final 1003. 03/03/25: Documentation provided to cure.   Cleared Exception D D D D A A A A 1
XXXXXXXXXXX 20250707 NJ Purchase Second Home Condo Detached 47.34   803 80.00 % XXXXXXXXXXX 299987 Credit Warranty Deed / Quit Claim Deed The Warranty/ Grant Deed is missing from the loan file. 3/7/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250711 DE Purchase Second Home Single Family Detached 32.44   792 80.00 % XXXXXXXXXXX 300319 Credit Doc Type The Final Amortization Schedule is missing from the loan file. 3/20/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250711 DE Purchase Second Home Single Family Detached 32.44   792 80.00 % XXXXXXXXXXX 300320 Compliance Other Per Diem Interest for XXXX days was added on Revised CD XXXX in section C, no Change of Circumstance was provided. A reimbursement of $XXXX was provided, but is not enough to cover the tolerance of $XXXX The Per Diem Interest added on the Final CD XXXX was a fee paid to the seller/builder, no refund required.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250711 DE Purchase Second Home Single Family Detached 32.44   792 80.00 % XXXXXXXXXXX 300376 Compliance Other This loan failed the charges that cannot increase test. The Initial LE  reflects the Transfer Taxes as XXXX,   A change of circumstance was  included for XXXX, where the increase incurred , but the Revised LE XXXX was not in the file. 3/26/2025: Document provided to cure.    Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250712 KY Refi - Cash Out Owner Occupied Single Family Detached 47.34   679 50.00 % XXXXXXXXXXX 299878 Compliance Other This loan failed the charges that in total cannot increase more than XXXX% test. The initial LE reflects the charges that cannot increase by XXXX% as $XXXX, however the final CD reflects the charges that cannot increase by XXXX% as $XXXX, an increase of $XXXX. A change of circumstance for the Title Examination Fee, Doc Handling Fee, Signing Agent Fee, Endorsement Fee is missing from the file; otherwise a refund of $XXXX, is required to reduce the fee under the XXXX% tolerance.  Invalid exception as the title fees were shopped for by the borrower.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250713 CA Purchase Non-Owner Occupied Two-Unit Property 21.47   783 80.00 % XXXXXXXXXXX 299947 Credit Warranty Deed / Quit Claim Deed The Warranty/ Grant Deed is missing from the loan file. 03/06/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250713 CA Purchase Non-Owner Occupied Two-Unit Property 21.47   783 80.00 % XXXXXXXXXXX 299948 Credit Asset Verification According to the underwriting guidelines, the minimum reserves allowed is XXXX months. In this case, there are XXXX reserves, which are not sufficient reserves to meet the requirements.  03/06/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250713 CA Purchase Non-Owner Occupied Two-Unit Property 21.47   783 80.00 % XXXXXXXXXXX 299949 Credit Eligibilty According to the underwriting guidelines, an internet search of the business is required to support the business narrative. In this case, the documentation is missing from the loan file.  03/06/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250713 CA Purchase Non-Owner Occupied Two-Unit Property 21.47   783 80.00 % XXXXXXXXXXX 299950 Credit Employment-Self Employment According to the underwriting guidelines, validation of a minimum of XXXX years existence of the business is required. Less than XXXX years XXXXt history can be considered with documentation of a minimum of XXXX years employment history in the same line of work or a related profession. In this case, the borrower has owned his business for one year, however documentation to support a minimum of two years employment is the same line of work is missing from the loan file.  03/06/25: Documentation provided to cure.   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250714 FL Purchase Owner Occupied Condo Attached 49.06   688 80.00 % XXXXXXXXXXX 299862 Credit Condo/PUD Seller did not provide evidence to support that a project review was completed and there is no certification of warrantability or non-warrantability in file as required by the guidelines.
 3/3: 1008 needs to specifically indicate warrantable or non-warrantable.
03/06/25: Documentation provided to cure. Warrantable condo.		   Cleared Exception C C C C A A A A 1
XXXXXXXXXXX 20250715 CA Purchase Owner Occupied PUD 49.57   788 58.90 % XXXXXXXXXXX 299714 Credit Warranty Deed / Quit Claim Deed The Warranty/ Grant Deed is missing from the loan file. 02/21/25: Documentation provided to cure.   Cleared Exception D D D D B B B B 1
XXXXXXXXXXX 20250715 CA Purchase Owner Occupied PUD 49.57   788 58.90 % XXXXXXXXXXX 299726 Credit Income - Self Employment The tax preparer must state that based on the review of the working papers they certify that the P&L represents an accurate summary of the business cash flow and applicable cash expenses. Post closing cert provided to cure.    Cleared Exception D D D D B B B B 2
XXXXXXXXXXX 20250715 CA Purchase Owner Occupied PUD 49.57   788 58.90 % XXXXXXXXXXX 299727 Credit Program Eligibilty Per guidelines tax preparer letters prepared by PTINs are ineligible. 02/21/25: Documentation provided to cure.   Cleared Exception D D D D B B B B 1
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XXXXXXXXXXX 20250615 NY Purchase Owner Occupied Condo Attached 21.52   776 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250617 FL Refi - Cash Out Owner Occupied PUD 48.01   731 42.16 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250627 TN Purchase Non-Owner Occupied Two-Unit Property 22.92   808 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250631 TN Purchase Non-Owner Occupied Two-Unit Property 23   808 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250633 GA Purchase Non-Owner Occupied Single Family Detached 0 1.3807 705 55.36 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250636 FL Refi - Cash Out Non-Owner Occupied Condo Attached 0 1.8815 759 28.57 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250638 AZ Purchase Non-Owner Occupied PUD 0 1.2882 761 43.48 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250641 NJ Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.0615 668 70.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250613 FL Rate Term Refi Non-Owner Occupied Single Family Detached 0 1.1594 710 74.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250651 SC Refi - Cash Out Non-Owner Occupied Single Family Detached 0 1.0524 772 64.93 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250655 CA Purchase Non-Owner Occupied Two-Unit Property 0 1.1675 730 65.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250656 AZ Purchase Non-Owner Occupied PUD 0 1.0693 801 75.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250659 TX Purchase Owner Occupied Single Family Detached 17.51   797 73.80 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250661 CA Purchase Owner Occupied Single Family Detached 19.38   700 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250664 LA Purchase Non-Owner Occupied PUD 0 1.0674 724 75.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250614 NY Refi - Cash Out Non-Owner Occupied Two-Unit Property 0 1.4677 767 56.15 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250686 UT Refi - Cash Out Owner Occupied Single Family Detached 44.56 0 805 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250697 CO Purchase Second Home Condo Attached 44.34   754 80.00 % XXXXXXXXXXX                       A A A A  
XXXXXXXXXXX 20250698 IL Refi - Cash Out Owner Occupied Single Family Detached 33.3   705 80.00 % XXXXXXXXXXX                       A A A A  
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