Loan Level Exception - Final Grades

 

 

                                                        FINAL CREDIT LOAN GRADES FINAL COMPLIANCE LOAN GRADES FINAL PROPERTY LOAN GRADES FINAL OVERALL LOAN GRADES
AMC Loan ID Customer Loan ID EDGAR Loan ID Borrower Name Deal Number Original Loan Amount State Note Date Occupancy Purpose QM Status Overall Grade Credit Grade Credit Exceptions Credit Exception Information Credit Exception Comments Property Grade Property Exceptions Property Exception Information Property Exception Comments Compliance Grade Compliance Exceptions Compliance Exception Information Compliance Exception Comments Compliance Comp Factors Compensating Factors Subject to High Cost - Unable to Test Disposition 2 DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P DBRS Fitch Kroll Moody's S&P
XXXX XXXX 257NQM0739   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0745   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                 Borrower's monthly reserves have been verified and exceed the amount
required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least
40 points.		   - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0813 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0894   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Credit Eligibility - Public Record Issue:: Credit
Report: Original // Public Record Type: Tax Liens /
Balance: 900.00		 Per guidelines, any principal with a tax lien is required
to provide evidence of release/satisfaction prior to
closing.  There is no evidence in the file this lien was
released/satisfied prior to closing.		 REVIEWER - WAIVED COMMENT (2024-07-15): Client
elects to waive.		 1                     - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0893   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Rate/Term   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0888   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0933 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0917   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0934 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0962 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0926 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0953 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0952 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0951 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0950 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0966 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0910   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0948   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0908 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0911 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0912 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0980 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0983   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - A copy of Asset Verification Report is not on file.
[2] Miscellaneous - Asset verification indicated different balance from statements sumbitted
[2] Application / Processing - Missing Document: Certificate of Good Standing not provided		 Exception to use the Certificate of Fact from the Commonwealth of VA State Corporation Commission signed and datedXX/XX/XXXX for XXXX XXXX as a Certificate of Good Standing is approved.
Delayed financing. Requesting purchase price of $XXXX+ renovated costs of an additional $24,750.00 (receipts provided documenting more than $30K in renovated cost) is approved.
Exception to use the Certificate of Fact from the Commonwealth of VA State Corporation Commission signed and datedXX/XX/XXXX for XXXX XXXX as a Certificate of Good Standing is approved.		 REVIEWER - WAIVED COMMENT (2025-05-13): Client elects to waive with compensating factors.
REVIEWER - WAIVED COMMENT (2025-05-13): Client elects to waive with compensating factors.
REVIEWER - WAIVED COMMENT (2025-05-13): Client elects to waive with compensating factors.		 1                 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0985 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0989 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender Exception approved  for section 12.12. Power of Atty form needs to state and expiration date and POA does not state expiration date. SELLER - GENERAL COMMENT (2025-05-22): this was already approved
Gaspar LOE.pdf (Unclassified) was referenced
REVIEWER - WAIVED COMMENT (2025-05-27): Client elects to waive with compensating factors.		 1                 Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0949   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0869 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0872   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0873   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0026   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0686   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0699 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception provided for first time investor without a 12 month mortgage history. REVIEWER - WAIVED COMMENT (2025-01-06): Lender exception in file. 1                 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0696   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Per the guidelines, all entities must be established for 90 days prior to application date on refinance transactions. BUYER - GENERAL COMMENT (2025-01-09): See Uploaded Attorney Approval letter
REVIEWER - GENERAL COMMENT (2025-01-13): Per the guidelines, all entities must be established for 90 days prior to application date on refinance transactions.
BUYER - GENERAL COMMENT (2025-01-15): See Uploaded Exception Approval
REVIEWER - WAIVED COMMENT (2025-01-17): Post close lender exception provided.		 1                 Borrower has owned the subject property for at least 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0697   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0698   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0688 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0695   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0685 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Exception approval to waive 12 months of rent receipt on a month to month lease is approved. REVIEWER - WAIVED COMMENT (2025-02-04): Lender exception in file. 1                 Borrower has owned the subject property for at least 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0693   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0694 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0647 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0624   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0617   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0630 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0632 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0656   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0640   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0648   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0653   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0673   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender aprroved exception provided for title seasoning. REVIEWER - WAIVED COMMENT (2025-02-09): Lender exception in file. 1                 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0644 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception:
[2] Miscellaneous - Credit Exception:		 Missing rent loss coverage for subject property.
Lender exception approved for acreage consideration.		 REVIEWER - WAIVED COMMENT (2025-02-09): lender exception in file.
SELLER - GENERAL COMMENT (2025-02-13): The approved exception is on page 12. Please waive it.
REVIEWER - WAIVED COMMENT (2025-02-17): Lender exception in file.		 1                 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0613   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0628 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0610   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Rate/Term   2 2 [2] Miscellaneous - Credit Exception:
[2] Credit Calculation / Analysis - Guideline Issue:  Insufficient tradelines per credit guidelines		 Lender approved exception provided for LLC change in the last 6 months
Lender approved exception provided for insufficient tradelines.		 REVIEWER - WAIVED COMMENT (2025-02-12): Lender exception in file.
REVIEWER - WAIVED COMMENT (2025-02-12): Lender exception in file.		 1                 The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0663 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0639 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0608   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0678 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0664 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0611 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0629   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0638   XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0677 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0683   XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender exception is approved to waive LLC seasoning. REVIEWER - WAIVED COMMENT (2025-03-04): Lender exception in file. 1                 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0626 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0616 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   2 2 [2] Miscellaneous - Credit Exception: Lender approved exception provided to waive requirement for 6 months reserves of borrower's own funds for escrow waiver. REVIEWER - WAIVED COMMENT (2025-03-03): Lender exception in file. 1                 Borrower has owned the subject property for at least 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   - B B B B B           A A A A A B B B B B
XXXX XXXX 257NQM0631 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0660 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Refinance Cash-out - Other   1 1       1                     - A A A A A           A A A A A A A A A A
XXXX XXXX 257NQM0672 XXXX XXXX XXXXX $XXX XX XX/XX/XXXX Investment Purchase   1 1       1                     - A A A A A           A A A A A A A A A A