Exhibit 99.8
| Client Name: | ||||||
| Client Project Name: | GCAT 2025-NQM3 | |||||
| Start - End Dates: | 12/2/2024 - 2/20/2025 | |||||
| Deal Loan Count: | 50 | |||||
| Conditions Report 2.0 | ||||||
| Loans in Report: | 50 | |||||
| Loans with Conditions: | 11 | |||||
| 2 - Total Active Conditions | ||||||
| 2 - Non-Material Conditions | ||||||
| 2 - Credit Review Scope | ||||||
| 1 - Category: Application | ||||||
| 1 - Category: Legal Documents | ||||||
| 14 - Total Satisfied Conditions | ||||||
| 9 - Credit Review Scope | ||||||
| 2 - Category: Application | ||||||
| 3 - Category: Assets | ||||||
| 1 - Category: DTI | ||||||
| 1 - Category: Income/Employment | ||||||
| 1 - Category: Terms/Guidelines | ||||||
| 1 - Category: Title | ||||||
| 3 - Property Valuations Review Scope | ||||||
| 3 - Category: FEMA | ||||||
| 2 - Compliance Review Scope | ||||||
| 1 - Category: Compliance Manual | ||||||
| 1 - Category: Documentation | ||||||
| 0 - Total Waived Conditions | ||||||
| ©2025 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. |
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| Client Name: | |||||||||||||||||||||||||||||||||||||
| Client Project Name: | GCAT 2025-NQM3 | ||||||||||||||||||||||||||||||||||||
| Start - End Dates: | 12/2/2024 - 2/20/2025 | ||||||||||||||||||||||||||||||||||||
| Deal Loan Count: | 50 | ||||||||||||||||||||||||||||||||||||
| Conditions Report 2.0 | |||||||||||||||||||||||||||||||||||||
| Loans in Report: | 50 | ||||||||||||||||||||||||||||||||||||
| Loans with Conditions: | 11 | ||||||||||||||||||||||||||||||||||||
| Loan Number | Marketing ID | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| XXXXXX | 20251106 | XXXXXX | MA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 3.69 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: borrower LTV is < 10.11 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20251109 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 99 points above guideline CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 3.38 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20250854 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is 10 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20250858 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 24.87 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is 49 points below guideline maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower median score is 88 points above guideline minimum. | |||||||||||||||
| XXXXXX | 20251112 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 9.71 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20250861 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 35 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20250864 | XXXXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 55 points above guideline minimum CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV > 30.64 points below guideline maximum | |||||||||||||||
| XXXXXX | 20250865 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV > 1.77 points below guideline maximum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 34 months PITI above guideline minimum | |||||||||||||||
| XXXXXX | 20251114 | XXXXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 100 months PITI reserves above guideline minimum | |||||||||||||||
| XXXXXX | 20250877 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | B | A | A | A | B | A | A | A | B | A | A | A | B | A | A | A | Property Valuations | FEMA | Satisfied | B | A | B | A | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Public declaration #XXX declaration date XXX, Hurricane XXX, Non-Material B | 12/31/24 - FEMA event was XXX, property appraisal inspection occurred on XXX, reflecting no damage to the subject property. | 12/31/24 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 3.60 months PITIA above guideline minimum. |
| XXXXXX | 20250883 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x239 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 117 points above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is > 16.58 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20250884 | XXXXXX | MA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 47 points above guideline minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 19.89 months PITI above guideline minimum | |||||||||||||||
| XXXXXX | 20250888 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 86 points above guideline minimum CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV > 40.47 points below guideline maximum | |||||||||||||||
| XXXXXX | 20250895 | XXXXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV > 15.12 points below guideline maximum CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 26 points above guideline minimum | |||||||||||||||
| XXXXXX | 20250896 | XXXXXX | VA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 133 points above guideline minimum CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x33 mortgage payment history. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 21.13 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20251117 | XXXXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Missing supporting documentation borrower is owner of XXX Business account ending #XXX in the name of XXX | 2/12/25 - Lender provided copies of the IRS Filings showing the borrower is the owner of the account. | 2/12/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 171 points above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x87 months consumer pay history. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 148.30 months PITIA above guideline minimum. |
| XXXXXX | 20251117 | XXXXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Active | D | B | D | B | CRDLGL100 | Legal document incorrect or incomplete | No | Missing addendum to Contract reflecting the name of buyer as XXX per guidelines. Vesting is in the name of XXX | 2.12.2025 - Lender indicated that borrower is Sole owner and does not need to be in LLC Name - This is incorrect according to Guidelines borrower must be XXX and Contract must XXX name.2/14/2025 Client requested review of exception for purchase contract in name of borrower and not the LLC as vested and required by guidelines. Upon further review, exception is considered non-material as borrower is XXX of business that the subject is vested in, 791 FICO vs 700 required by guidelines, DSCR of 1.71 vs. 0.85 required by guidelines, and 148 months PITI reserves. | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 171 points above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x87 months consumer pay history. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 148.30 months PITIA above guideline minimum. |
| XXXXXX | 20251117 | XXXXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Vesting is in the name of XXX. Missing organization documentation reflecting Members and percentage owned per guidelines. | 2/12/25 - Lender provided copies of the IRS Filings showing the borrower is the sole owner of the account. | 2/12/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 171 points above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x87 months consumer pay history. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 148.30 months PITIA above guideline minimum. |
| XXXXXX | 20251118 | XXXXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's representative score is 32 point above minimum score of 660 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 0 x 30 x 17 months | |||||||||||||||
| XXXXXX | 20250907 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 129 points above guideline minimum. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 16.71 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20250909 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC5475 | Incomplete Prepayment Penalty Addendum | No | Please provide page 1 of Note addendum prepayment penalty | 1/16/25 - Lender provided a complete copy of the Note including the 2 full addendums. | 1/16/24 - Exception satisfied. | Not Applicable | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 24 years at current residence CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 101.60 months PITI above guideline minimum |
| XXXXXX | 20250911 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has 10 years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% below max guidelines. | |||||||||||||||
| XXXXXX | 20251122 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is 20 points below guideline maximum. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 105 months PITIA above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Median FICO > 77 points above guideline minimum CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage History: 0 x 30 x 25 | |||||||||||||||
| XXXXXX | 20250921 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x79 consumer pay history. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x34 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 83 points above guideline minimum. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence 15 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 20.74 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20250931 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 121 points above guideline minimum CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in primary residence for the past 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower's LTV is >24 points below maximum | |||||||||||||||
| XXXXXX | 20250938 | XXXXXX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence 14 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage is 0x30x44 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 63 points above guideline minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 156.63 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: borrower LTV is < 17.27 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20251132 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 25.54 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: borrower LTV is < 10 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20250943 | XXXXXX | MD | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x36 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 10.34 months PITIA above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x134 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 152 points above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is >20 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20250945 | XXXXXX | PA | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Application | Active | D | B | D | B | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Borrower is a Foreign National. Missing valid VISA and XXX per XXX guidelines. Passport in file. | 2.21.2025 - Lender provided copy of XXX which is already in file, however the borrower's signature is blank, only schools signature is present on Document2/24/2025 - Upon further review, based on the borrower providing a Passport and Student Visa outlining the doctorate program from XXX to XXX this is deemed a non-material B. | 2/24/2025 - final grade B. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 63 points above guideline minimum of 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 3 months PITIA above guideline minimum of 3 months.. |
| XXXXXX | 20251142 | XXXXXX | IL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 44.57 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is < 11.46 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20251144 | XXXXXX | MA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 70 months PITI reserves above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV > 20 points below guideline maximum | |||||||||||||||
| XXXXXX | 20251147 | XXXXXX | OH | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 242.98 months PITIA above guideline minimum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 27 points above guideline | |||||||||||||||
| XXXXXX | 20251157 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is 5 points below guideline maximum of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 72 points above guideline minimum of 680 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 103 months PITI above guideline minimum of 3 months PITI. | |||||||||||||||
| XXXXXX | 20251158 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | DOB for XXX on final 1003 shows XXX, correction is required. | 1/31/25 - Lender provided a revised 1003 for XXX reflecting a date of birth to be XXX. | 1/31/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: almost 5 months in reserves CFCFS3836: Borrower Net Worth - Clayton Comments: Primary residence owned free and cleat. |
| XXXXXX | 20251168 | XXXXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is >50 points above guideline minimum | |||||||||||||||
| XXXXXX | 20251173 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is > 18.78 points below guideline maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 150 points above guideline minimum. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x51 mortgage payment history. | |||||||||||||||
| XXXXXX | 20251174 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 60 points above guideline minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 31.28 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20251179 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 25 months PITI reserves above guideline minimum CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score > 100 points above guideline minimum | |||||||||||||||
| XXXXXX | 20251184 | XXXXXX | IN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 96 points above guideline CFCFS1737: LTV below guideline requirements - Clayton Comments: borrower LTV is < 19.67 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20251186 | XXXXXX | IN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is > 16.28 points below guideline maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 141 points above guideline minimum | |||||||||||||||
| XXXXXX | 20251190 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 0 x 30 x 74 months CFCFS1736: Significant time at current residence - Clayton Comments: Borrower in residence for the past 7 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 5 points below maximum of 75% allowed by G/L's | |||||||||||||||
| XXXXXX | 20251199 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 18 points above guideline CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: borrower has > 8.88 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: borrower LTV is < 5 points below guideline maximum. | |||||||||||||||
| XXXXXX | 20251205 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned their primary for the past 23 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is 34 points below guideline maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 179 points above guideline minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 6 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20251206 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is > 9.04 points below guideline maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 126 points above guideline minimum. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x88 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x195 | |||||||||||||||
| XXXXXX | 20251208 | XXXXXX | TN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is > 8.33 points below guideline maximum. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 0x30x65 mortgage payment history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 120 points above guideline minimum. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 116.87 months PITIA above guideline minimum. | |||||||||||||||
| XXXXXX | 20251212 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Automatic Payment Authorization (ACH) Form is required for all foreign national borrowers.No ACH was Located in file. | 2.14.2025 Lender changed G/L dates to accommodate the missing ACH | 2.14.2025 - Exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 24.06 months PITIA above guideline minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower LTV is < 5 points below guideline maximum. |
| XXXXXX | 20250953 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Title | Satisfied | C | A | C | A | CRDTIL875 | Title Does Not Agree With Mortgage | No | This is a refinance Cash -Out of an Investment Property.Title shows Property Vested in O and K Investments, no documentation located in file to associate Borrower with O and K Investments. | 12/5/24 - Lender provided an updated title reflecting the borrower's name, not the LLC. | 12/5/24 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 9 months PITI reserves, more than required 3 months PITI |
| XXXXXX | 20250954 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Missing business purpose certification | 1/9/25 - Lender provided a copy of the missing Business Purposes Loan Certification. | 1/9/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 70 months PITIA reserves above guideline minimum CFCFS1734: Borrower has significant time at current job - Clayton Comments: 26 years at current job CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI > 30 points below guideline maximum |
| XXXXXX | 20251222 | XXXXXX | CA | QM: Safe Harbor | QM: Safe Harbor (APOR) | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | Per final CD Borrowers need to bring in XXX to close.No Asset Statements in file | 2.5.2024 - Lender provided Final CD from XXX. cash-out refinance to support required reserves required on this file. | 2.5 Exception Satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 5 years with current company CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 42 months in reserves |
| XXXXXX | 20251222 | XXXXXX | CA | QM: Safe Harbor | QM: Safe Harbor (APOR) | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Required PITI reserves are XXX = XXX no reserves verified | 2.5.2024 - Lender provided Final CD from XXX. cash-out refinance to support required reserves required on this file. | 2.5.2024 Exception satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 5 years with current company CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 42 months in reserves |
| XXXXXX | 20251222 | XXXXXX | CA | QM: Safe Harbor | QM: Safe Harbor (APOR) | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing Verbal VOEs within 10 days of the note date | 2/6/25 - Lender provided VVOE's for both borrowers dated the day of the note. | 2/6/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 5 years with current company CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 42 months in reserves |
| XXXXXX | 20251222 | XXXXXX | CA | QM: Safe Harbor | QM: Safe Harbor (APOR) | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Missing PDI for Individual & Public declaration XXX declaration date XXX, Wildfires and Straight-Line Winds | 2/5/25 - Lender provided a post disaster inspection report reflecting no damage to the subject property. | 2/5/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 5 years with current company CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 42 months in reserves |
| XXXXXX | 20251223 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Missing PDI -Declaration XXXEffective XXXWild fires and Straight line winds XXX | 2/5/25 - Lender provided a copy of the post disaster inspection report reflecting no damage to the subject property. | 2/5/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 119 points above guideline minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 78 months PITI above guideline minimum |
| XXXXXX | 20250955 | XXXXXX | TX | QM: Safe Harbor | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing VOM/Mortgage statement for XXX loan on property located at XXX as reflected on Final 1003. Information is not on credit report. | 2/5/25 - Lender provided 12 month payment history reflecting on time payments. | 2/5/25 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO > 153 points above guideline minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30x171. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 0x30x28 |
| XXXXXX | 20251224 | XXXXXX | NV | QM: Safe Harbor | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 64 points above guideline minimum of 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has > 13 months PITIA above guideline minimum of 6 months. | |||||||||||||||
| Client Name: | |||||||||||||||||||||
| Client Project Name: | GCAT 2025-NQM3 | ||||||||||||||||||||
| Start - End Dates: | 12/2/2024 - 2/20/2025 | ||||||||||||||||||||
| Deal Loan Count: | 50 | ||||||||||||||||||||
| Conditions Report 2.0 | |||||||||||||||||||||
| Loans in Report: | 50 | ||||||||||||||||||||
| Loans with Conditions: | 11 | ||||||||||||||||||||
| Loan Number | Marketing ID | TRID Indicator | Lender Application Date | Broker Application Date | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Did Lender Acknowledge Exception at Origination |
| XXXXXX | 20251106 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251109 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250854 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250858 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251112 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250861 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250864 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250865 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251114 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250877 | Yes | XXXXXX | XXXXXX | B | A | A | A | B | A | A | A | B | A | A | A | B | A | A | A | Not Applicable |
| XXXXXX | 20250883 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250884 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250888 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250895 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250896 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251117 | Yes | XXXXXX | XXXXXX | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Not Applicable |
| XXXXXX | 20251118 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250907 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250909 | Yes | XXXXXX | XXXXXX | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Not Applicable |
| XXXXXX | 20250911 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251122 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250921 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250931 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250938 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251132 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250943 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250945 | Yes | XXXXXX | XXXXXX | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Not Applicable |
| XXXXXX | 20251142 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251144 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251147 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251157 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251158 | Yes | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251168 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251173 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251174 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251179 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251184 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251186 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251190 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251199 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251205 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251206 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251208 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251212 | Yes | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250953 | Yes | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable |
| XXXXXX | 20250954 | Yes | XXXXXX | XXXXXX | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Not Applicable |
| XXXXXX | 20251222 | Yes | XXXXXX | XXXXXX | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Not Applicable |
| XXXXXX | 20251223 | Yes | XXXXXX | XXXXXX | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Not Applicable |
| XXXXXX | 20250955 | Yes | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| XXXXXX | 20251224 | Yes | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |