Exception Grades
| AMC Loan ID | Customer Loan ID | EDGAR 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 | Exception Level Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Final Loan Grade |
Credit Final Loan Grade |
Compliance Final Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXXX | XXXX | 257NQM0894 | 33029191 | XXXX | XX/XX/XXXX | Credit | Credit | Credit Eligibility | Guideline | 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 Comment (2024-07-15): Client elects to waive. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||||
| XXXX | XXXX | 257NQM0983 | 33784050 | XXXX | XX/XX/XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 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. | 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. |
Reserves: 118.70 Guideline Requirement: 6.00 Guidelines Representative FICO: 660 Representative FICO: 789 |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0983 | 33784051 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Credit | Asset verification indicated different balance from statements sumbitted | 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. | 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. |
Reserves: 118.70 Guideline Requirement: 6.00 Guidelines Representative FICO: 660 Representative FICO: 789 |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0983 | 33784052 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | 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. | 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. |
Reserves: 118.70 Guideline Requirement: 6.00 Guidelines Representative FICO: 660 Representative FICO: 789 |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0989 | 33784058 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | 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. | 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. |
Guidelines Representative FICO: 620 Representative FICO: 692 |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-05-27): Client elects to waive with compensating factors. Seller Comment (2025-05-22): this was already approved Gaspar LOE.pdf (Unclassified) was referenced |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Purchase | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0699 | 33786085 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided for first time investor without a 12 month mortgage history. | 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. |
201 months reserves Fico is 118 points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-06): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Purchase | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0696 | 33786088 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per the guidelines, all entities must be established for 90 days prior to application date on refinance transactions. | 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. |
Fico is 127 points above guideline minimum. | SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-17): Post close lender exception provided. Buyer Comment (2025-01-15): See Uploaded Exception Approval Reviewer Comment (2025-01-13): Per the guidelines, all entities must be established for 90 days prior to application date on refinance transactions. Buyer Comment (2025-01-09): See uploaded Attorney Approval letter |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0685 | 33786098 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception approval to waive 12 months of rent receipt on a month to month lease is approved. | 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. |
LTV/CLTV is 10% below guideline max. Fico is 83 points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-04): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0673 | 33786114 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender aprroved exception provided for title seasoning. | 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. |
20 months reserves Fico is 101 points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-09): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0644 | 33786116 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for acreage consideration. | 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%. |
55 months reserves LTV is 14% below guideline max. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-17): Lender exception in file. Seller Comment (2025-02-13): The approved exception is on page 12. Please waive it. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0644 | 33786117 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing rent loss coverage for subject property. | 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%. |
55 months reserves LTV is 14% below guideline max. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-09): lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0610 | 33786123 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided for LLC change in the last 6 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. |
LTV is 23% below guideline max. Fico is 105 points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-12): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Rate/Term | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0610 | 33786124 | XXXX | XX/XX/XXXX | Credit | Credit | Credit Calculation / Analysis | Credit | Guideline Issue: Insufficient tradelines per credit guidelines | Lender approved exception provided for insufficient tradelines. | 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. |
LTV is 23% below guideline max. Fico is 105 points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-12): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Rate/Term | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0683 | 33786134 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved to waive LLC seasoning. | 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. |
99 months reserves LTV is 17% below guideline max. Fico is 109 points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-04): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No | |||||||
| XXXX | XXXX | 257NQM0616 | 33786139 | XXXX | XX/XX/XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided to waive requirement for 6 months reserves of borrower's own funds for escrow waiver. | 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. |
LTV/CLTV is 11% below guideline max. Fico is 81 points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-03): Lender exception in file. |
XX/XX/XXXX | 2 | B | XX/XX/XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | N/A | No |