J.P. MORGAN ACCEPTANCE CORPORATION II ABS-15G
Exhibit 99.13
| Seller Name | JPM Loan ID | Seller Loan ID | Exception ID | Exception ID Date | Condition Category | Condition Standardized Description | Condition ID | Initial Exception Grade | Final Exception Grade | Status | Condition Custom Description | Cleared Date | Compensating Factors | Lender Response | Comments | Loan Status | Moody's Initial Exception Grade | Moody's Final Exception Level Grade | Fitch Initial Exception Grade | Fitch Final Exception Level Grade | S&P Initial Exception Grade | S&P Final Exception Level Grade | Kroll Initial Exception Grade | Kroll Final Exception Level Grade | DBRS Initial Exception Grade | DBRS Final Exception Level Grade | ||
| ### | 304682176 | ### | No Finding | No Finding | 1 | No Finding | No Finding | Securitized | A | A | A | A | A | A | A | A | A | A | ||||||||||
| ### | 304698209 | ### | 1108551 | 05/06/2025 | Credit | Missing P&L | CR 0014 | 3 | 1 | Closed | 1) (year) YTD Income Statement, (entity), was not signed by the borrowers as required per closing conditions. 2) Missing (year) YE P&L, (entity). Income statement in file is missing pg 1 of 5 and does not reflect the business name or period covered. It appears (year) P&L was considered in qualifying. |
05/08/2025 | Verified credit history - Middle Credit Scores 790/785 > 660 Min Required.; Verified housing payment history - Credit report reflects 1 open mortgage satisfactorily rated 24 months.; | 05/07/2025 (year) signed P&L 05/07/2025 Signed P&L (entity) |
05/08/2025 Recd 2024 YE PYL. 05/07/2025 Recd borrower signed 3/31/2025 YTD Income Statement. --Still missing 2024 YE P&L, Tucson Stucco LLC. Income statement in file is missing pg 1 of 5 and does not reflect the business name or period covered (pg 478). It appears 2024 P&L was considered in qualifying. |
Securitized | C | A | C | A | C | A | C | A | C | A | ||
| ### | 304698209 | ### | 1108552 | 05/06/2025 | Credit | Missing Source of Funds | CRED 0108 | 3 | 1 | Closed | Missing source of funds used for closing. Documented assets, (bank), were not used for cash to close. ### Wired from (bank) business account, (entity) ### from (bank). |
05/12/2025 | Verified credit history - Middle Credit Scores 790/785 > 660 Min Required.; Verified housing payment history - Credit report reflects 1 open mortgage satisfactorily rated 24 months.; | 05/12/2025 Provided to support the ### transfer from (bank) to cover the ### cashiers check purchased on (date) – Backed out the ### from (bank) account for tranfers from this account to (bank) (bank) stmts provided reflecting- ###- With (tax preparer) letter verifying no impact to business for use of funds |
05/12/2025 Finding is downgraded to EV2/B with the attached post-consummation dated asset statement to evidence source of funds to close from Chase 7519 were liquidated assets from the Ameriprise account that was documented in file. Included is two months WF 6589 account statements to source remaining funds to close. Remaining assets in the WF account were not used for review. AUS required no reserves. Investor overlay reverse requirement met with remaining Ameriprise funds. | Securitized | C | A | C | A | C | A | C | A | C | A | ||
| ### | 304698209 | ### | 1108553 | 05/06/2025 | Credit | Undisclosed or Excluded Debt | CRED 0086 | 3 | 1 | Closed | UPDATED EXCEPTION 05/20/2025 - Missing evidence that the business is paying business debt reporting on borrowers credit report, (creditor, #), to support the exclusion in qualifying. Provide 12 months canceled checks or business account transaction history. Payment history does not reflect source of payment. Approved DTI 21.02% / Review DTI 26.59%, variance > 3% with the liability considered ORIGINAL EXCEPTION - Missing evidence that the business is paying business debt reporting on borrowers credit report, (creditor, #), to support the exclusion in qualifying. Provide 12 months canceled checks or business account transaction history. Payment history does not reflect source of paymen. Approved DTI 21.02% / Review DTI 26.59%, variance > 3% with the liability considered. Per (agency), When a self-employed borrower claims that a monthly obligation that appears on their personal credit report is being paid by the borrower’s business, the lender must confirm that it verified that the obligation was actually paid out of company funds and that this was considered in its cash flow analysis of the borrower’s business. The account payment does not need to be considered as part of the borrower’s DTI ratio if: the account in question does not have a history of delinquency, the business provides acceptable evidence that the obligation was paid out of company funds (such as 12 months of canceled company checks), and the lender’s cash flow analysis of the business took payment of the obligation into consideration. |
05/21/2025 | Verified credit history - Middle Credit Scores 790/785 > 660 Min Required.; Verified housing payment history - Credit report reflects 1 open mortgage satisfactorily rated 24 months.; | 05/21/2025 The UW sent me the note, in the business name, and included it in the liabilities in the AUS attached. Now the DTI is 26.177% 05/13/2025 updated AUS. The reason why it as was omitted because the AUS was picking it up twice, this has been corrected. 05/12/2025 The following statements have been added to encompass: (bank) and (bank); Final AUS with accounts now included -(bank) - (#) #### (#) ### – Reflects ### transfer from (bank) account to cover ### Cleared on (date) (#) ### |
05/21/2025 Recd AUS resubmission including the business debt for which borrower is personally liable. DTI variance < 3%. 05/13/2025 TSA 2560 is not reporting on the borrowers credit report, but documentation indicates the borrower is personally liable. Provide 12 months canceled checks or business account transaction history to support the exclusion of the debt. 05/12/2025 Posted response does not correspond with the exception. |
Securitized | C | A | C | A | C | A | C | A | C | A | ||