Exhibit 99.13
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 1923663 | XXXX | D | B | C | B | D | B | A | A | Closed | FCOM5135 | 2024-08-27 15:19 | 2025-03-03 13:54 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/03/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/03/2025 |
Long term residence - B1 residence 3 years. Months Reserves exceed minimum required - B1 13 months reserves exceeds 6 month minimum. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 2263499 | |||
| XXXX | 1923663 | XXXX | D | B | C | B | D | B | A | A | Closed | FCRE1441 | 2024-08-30 14:52 | 2024-09-12 17:57 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. please find the exception - Seller-09/10/2024 Counter-Borrower meets Bankruptcies guidelines, however the guidelines also state - Borrowers with multiple Bankruptcies are typically not eligible. Please provide an exception approval. - Due Diligence Vendor-09/06/2024 Ready for Review-Disagree no credit exception is needed as this is not an ineligible borrower. Per our guidelines Bankruptcies are allowed so no exception to a guideline is necessary borrower meats the guidelines for the bankruptcy. Please clear findings. - Seller-09/05/2024 Counter-Since multiple Bankruptcies and/or foreclosures are typically not eligible, an exception approval will be required. - Due Diligence Vendor-09/04/2024 Ready for Review- Bankruptcies are allowed based on the XXXX guidelines. Please update findngs and clear. : Bankruptcy/Foreclosure Program LTV – Must be seasoned more than 2 years Must be settled with LTV reductions, less than 2 years maximum LTV is 85% and less than 1 year the maximum LTV is 75%. Borrowers with multiple Bankruptcies and/or foreclosures are typically not eligible - Seller-09/03/2024 Open-Delinquent Credit History Does Not Meet Guideline Requirements Borrower has consecutive bankruptcies: CHP 13 filed XXXX discharged XXXX and and CHP 7 filed XXXX discharged XXXX. Borrowers with multiple Bankruptcies are typically not eligible. - Due Diligence Vendor-08/30/2024 |
Ready for Review-Document Uploaded. please find the exception - Seller-09/10/2024 Ready for Review-Disagree no credit exception is needed as this is not an ineligible borrower. Per our guidelines Bankruptcies are allowed so no exception to a guideline is necessary borrower meats the guidelines for the bankruptcy. Please clear findings. - Seller-09/05/2024 Ready for Review- Bankruptcies are allowed based on the XXXX guidelines. Please update findngs and clear. : Bankruptcy/Foreclosure Program LTV – Must be seasoned more than 2 years Must be settled with LTV reductions, less than 2 years maximum LTV is 85% and less than 1 year the maximum LTV is 75%. Borrowers with multiple Bankruptcies and/or foreclosures are typically not eligible - Seller-09/03/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-09/12/2024 |
Long term residence - B1 residence 3 years. Months Reserves exceed minimum required - B1 13 months reserves exceeds 6 month minimum. |
13.13 months reserves > 6 months minimum required $4,010.47 Residual monthly income Self Employed 10 years. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | N/A | 2288196 |
| XXXX | 1923663 | XXXX | D | B | C | B | D | B | A | A | Closed | FCRE1440 | 2024-08-30 14:57 | 2024-09-09 14:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements, Living Rent Free LOE was provided. - Due Diligence Vendor-09/09/2024 Ready for Review-Document Uploaded. Please find the Rent free LOE for the borrower. - Seller-09/05/2024 Counter-Gift Deed provided (2/29/2024). Please provide rent free letter or payment history prior to 2/29/2024 as the borrower states on the 1003 they have lived in the subject for 3 years. - Due Diligence Vendor-09/04/2024 Ready for Review-Document Uploaded. The borrower took ownership in 2/2024, so we are not going to have a 12 mos. housing history on the subject property. Please find the gift deed. - Seller-09/03/2024 Open-Housing History Does Not Meet Guideline Requirements Missing full 12 months pay history on subject. Provided were only 03/2024-07/2024 statements - Due Diligence Vendor-08/30/2024 |
Ready for Review-Document Uploaded. Please find the Rent free LOE for the borrower. - Seller-09/05/2024 Ready for Review-Document Uploaded. The borrower took ownership in XXXX, so we are not going to have a 12 mos. housing history on the subject property. Please find the gift deed. - Seller-09/03/2024 |
Resolved-Housing History Meets Guideline Requirements, Living Rent Free LOE was provided. - Due Diligence Vendor-09/09/2024 |
Long term residence - B1 residence 3 years. Months Reserves exceed minimum required - B1 13 months reserves exceeds 6 month minimum. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2288255 | |
| XXXX | 1923663 | XXXX | D | B | C | B | D | B | A | A | Closed | finding-710 | 2024-08-27 15:43 | 2024-09-04 11:44 | Resolved | 1 - Information | C | A | Compliance | State Reg | TX Constitution A6 Required Fees Test | Resolved-Received the undiscounted rate which confirmed discount points are excluded from TX A6 test. - Due Diligence Vendor-09/04/2024 Ready for Review-Document Uploaded. Undiscounted rate was uploaded for review. please find attached. - Seller-09/03/2024 Open-This loan failed the required fees test. (Texas Constitution, Article 16, Section 50 (a)(6)(E) & (t)(4), as amended Jan. 2018)The loan requires the borrower(s) to pay, in addition to interest, fees to any person that are necessary to originate, evaluate, maintain, record, insure, or service the extension of credit that exceed 2% of the original principal amount, excluding fees for:An appraisal performed by a third party appraiser;A property survey performed by a state registered or licensed surveyor;A state base premium for a mortgagee policy of title insurance with endorsements established in accordance with state law, or a title examination report if its cost is less than the state base premium for a mortgagee policy of title insurance without endorsements established in accordance with state law.-----Total allowable fees $3180, actual fees $$4,371.56 an excess of $$1,191.56. Undiscounted rate missing from file. Please provide for further review. - Due Diligence Vendor-08/27/2024 |
Ready for Review-Document Uploaded. Undiscounted rate was uploaded for review. please find attached. - Seller-09/03/2024 |
Resolved-Received the undiscounted rate which confirmed discount points are excluded from XXXX test. - Due Diligence Vendor-09/04/2024 | Long term residence - B1 residence 3 years. Months Reserves exceed minimum required - B1 13 months reserves exceeds 6 month minimum. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2263762 | |
| XXXX | 1923663 | XXXX | D | B | C | B | D | B | A | A | Closed | FCOM1290 | 2024-08-27 16:47 | 2024-09-04 11:41 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Undiscounted Rate is Missing | Resolved-Undiscounted Rate is Present - Due Diligence Vendor-09/04/2024 Ready for Review-Document Uploaded. Undiscounted rate is 13.375 uploaded for review. - Seller-09/03/2024 Open-Undiscounted Rate is Missing -This is the interest rate available to the borrower based on the borrower's particular credit profile and loan characteristics, before any discount points are applied. Unable to test QM points and fees properly. - Due Diligence Vendor-08/27/2024 |
Ready for Review-Document Uploaded. Undiscounted rate is 13.375 uploaded for review. - Seller-09/03/2024 |
Resolved-Undiscounted Rate is Present - Due Diligence Vendor-09/04/2024 |
Long term residence - B1 residence 3 years. Months Reserves exceed minimum required - B1 13 months reserves exceeds 6 month minimum. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2264430 | |
| XXXX | 2013531 | XXXX | C | B | C | B | B | B | A | A | Closed | FCRE1198 | 2025-01-31 13:53 | 2025-01-31 15:03 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-01/31/2025 Open-Audited Reserves of 11.62 month(s) are less than Guideline Required Reserves of 12 month(s) - Due Diligence Vendor-01/31/2025 |
Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 771; minimum 680. Residual Income =/> 1.5 times $3,500 monthly residual income - Over $40K residual income. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3328647 | |||
| XXXX | 2013531 | XXXX | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-01-30 10:48 | 2025-01-30 10:50 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-01/30/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-01/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 771; minimum 680. Residual Income =/> 1.5 times $3,500 monthly residual income - Over $40K residual income. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3316518 | |||
| XXXX | 2024328 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3635 | 2025-02-19 13:31 | 2025-02-21 07:54 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received initial LE XXXX, & SPL XXXX. Finding resolved. - Due Diligence Vendor-02/21/2025 Ready for Review-uploaded to another condition - Seller-02/20/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($1,517.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ...Ten (10%) tolerance fees increased by $1,517 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1,517, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX.[Likely fired due to missing Initial LE dated within 3 days of Application, unable to test fees properly] - Due Diligence Vendor-02/19/2025 |
Ready for Review-uploaded to another condition - Seller-02/20/2025 |
Resolved-Received initial LE XXXX, & SPL XXXX. Finding resolved. - Due Diligence Vendor-02/21/2025 | Long term residence - Borrower has owned subject property since 2008, with 0X30 mortgage lates reporting since 2012. Months Reserves exceed minimum required - Lender minimum reserves 3 m PITIA, borrower reserves 9.06m. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | 3448430 | ||
| XXXX | 2024328 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-02-19 13:31 | 2025-02-21 07:54 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received initial LE 1/22/2025, & SPL 1/22/2025. Finding resolved. - Due Diligence Vendor-02/21/2025 Ready for Review-uploaded to another condition - Seller-02/20/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $14,362.25.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ....Zero (0%) tolerance fees increased by $14,362.35 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $14,362.35, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. [Likely fired due to missing Initial LE dated within 3 days of Application, unable to test fees properly] - Due Diligence Vendor-02/19/2025 |
Ready for Review-uploaded to another condition - Seller-02/20/2025 |
Resolved-Received initial LE XXXX, & SPL XXXX. Finding resolved. - Due Diligence Vendor-02/21/2025 | Long term residence - Borrower has owned subject property since 2008, with 0X30 mortgage lates reporting since 2012. Months Reserves exceed minimum required - Lender minimum reserves 3 m PITIA, borrower reserves 9.06m. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | 3448424 | ||
| XXXX | 2024328 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3515 | 2025-02-19 13:31 | 2025-02-21 07:54 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Loan Estimate Delivery Date Test (from application) | Resolved-Received initial LE 1/22/2025, & SPL 1/22/2025. Finding resolved. - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. see attached. - Seller-02/20/2025 Open-This loan failed the initial loan estimate delivery date test (from application) due to one of the following: ( 12 CFR §1026.19(e)(1)(iii)(A) )The initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application.Therefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be $0, regardless of the actual values on the disclosure.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.The creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. -----Missing initial LE dated within 3 days of Application date. Additional Findings may apply upon receipt. Statue of Limitations - 1 year, expiration date 02/07/2026. - Due Diligence Vendor-02/19/2025 |
Ready for Review-Document Uploaded. see attached. - Seller-02/20/2025 |
Resolved-Received initial LE XXXX, & SPL XXXX. Finding resolved. - Due Diligence Vendor-02/21/2025 | Long term residence - Borrower has owned subject property since 2008, with 0X30 mortgage lates reporting since 2012. Months Reserves exceed minimum required - Lender minimum reserves 3 m PITIA, borrower reserves 9.06m. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | 3448427 | |
| XXXX | 2024323 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2025-03-17 16:54 | 2025-03-19 16:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received VVOE. - Due Diligence Vendor-03/19/2025 Ready for Review-Document Uploaded. - Seller-03/17/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing File is missing VVOE for XXXX employment - Due Diligence Vendor-03/17/2025 |
Ready for Review-Document Uploaded. - Seller-03/17/2025 |
Resolved-Received VVOE. - Due Diligence Vendor-03/19/2025 |
Months Reserves exceed minimum required - 16.92 mos rsrvs; 6 mos required Qualifying DTI below maximum allowed - DTI = 42.43% - Max DTI = 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3630608 | |
| XXXX | 2024326 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2013522 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE6844 | 2025-03-28 18:00 | 2025-03-31 13:32 | Waived | 2 - Non-Material | C | B | Credit | Assets | Gift Funds General | Waived-Gift fund with first time investor Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR affecting. - Due Diligence Vendor-03/31/2025 |
Waived-Gift fund with first time investor Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR affecting. - Due Diligence Vendor-03/31/2025 |
Credit history exceeds minimum required - Borrower has mortgage reporting for 36+ months, with no lates. Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 46m. |
1. Mtg: 36+m reported with no lates. 2. Reserves: 6m required, subject 46m. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3724609 | ||
| XXXX | 2013523 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 2013521 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-04-01 09:13 | 2025-04-08 17:30 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Deeds must be signed in the presence of two witnesses and a notary public. There is not conveyance of ownership. - Due Diligence Vendor-04/08/2025 Ready for Review-The mortgage is not required to be signed by witnesses. Enclosed is the title agent’s email with the explanation - Seller-04/08/2025 Counter-County of XXXX requires 2 witnesses. Subject is located within XXXX. - Due Diligence Vendor-04/04/2025 Ready for Review-InXXXX, the legal requirements for executing real estate documents vary between mortgages and deeds. While deeds must be signed in the presence of two witnesses and a notary public, mortgages do not have this statutory requirement. This distinction is outlined in XXXX Statute §689.01, which mandates that instruments such as deeds conveying an interest in real property be executed with two subscribing witnesses. However, this statute does not extend this requirement to mortgages. - Seller-04/03/2025 Open- Mortgage Deed is missing the required 2 witnesses for county in XXXX, (1 can be notary). - Due Diligence Vendor-04/01/2025 |
Ready for Review-The mortgage is not required to be signed by witnesses. Enclosed is the title agent’s email with the explanation - Seller-04/08/2025 Ready for Review-In XXXX, the legal requirements for executing real estate documents vary between mortgages and deeds. While deeds must be signed in the presence of two witnesses and a notary public, mortgages do not have this statutory requirement. This distinction is outlined in Florida Statute §689.01, which mandates that instruments such as deeds conveying an interest in real property be executed with two subscribing witnesses. However, this statute does not extend this requirement to mortgages. - Seller-04/03/2025 |
Resolved-Deeds must be signed in the presence of two witnesses and a notary public. There is not conveyance of ownership. - Due Diligence Vendor-04/08/2025 |
LTV is less than guideline maximum - Lender max LTV is 80%, subject LTV is 65%. DSCR % greater than 1.20 - Lender minimum DSCR .75, borrower DSCR 1.472. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3739778 | |
| XXXX | 2024320 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 2013699 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1164 | 2025-04-13 18:05 | 2025-04-23 16:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Received flood insurance. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. FLOOD INSUR - Seller-04/22/2025 Open-Missing Flood Insurance Policy - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. FLOOD INSUR - Seller-04/22/2025 |
Resolved-Received flood insurance. - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - 26 months exceeds 3 month minimum required Qualifying FICO score is at least 20 points above minimum for program - 768 FICO score is 20+ points above 700 minimum |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3851076 | |
| XXXX | 2013699 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-04-10 11:59 | 2025-04-23 16:45 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. full mortgage with legal - Seller-04/22/2025 Counter-Please provide the final recorded security instrument with legal attached. - Due Diligence Vendor-04/21/2025 Ready for Review-we confirm that the legal description was recorded with the mortgage (not the title page that we mistakenly sent) - Seller-04/18/2025 Counter-Please confirm recorded as page received reflects title information along with legal. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. legal - Seller-04/16/2025 Counter-Received page 1 of title commitment-provide legal description utilized in recording attached to security instrument. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal description - Due Diligence Vendor-04/10/2025 |
Ready for Review-Document Uploaded. full mortgage with legal - Seller-04/22/2025 Ready for Review-we confirm that the legal description was recorded with the mortgage (not the title page that we mistakenly sent) - Seller-04/18/2025 Ready for Review-Document Uploaded. legal - Seller-04/16/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Resolved-Received complete security instrument. - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - 26 months exceeds 3 month minimum required Qualifying FICO score is at least 20 points above minimum for program - 768 FICO score is 20+ points above 700 minimum |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3828812 | |
| XXXX | 2013698 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE4805 | 2025-04-16 16:00 | 2025-04-23 17:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Waived-Originator provided a waiver for POA applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. FM exception - Seller-04/23/2025 Counter-POA must meet requirements as noted within guidelines page 26 - Due Diligence Vendor-04/22/2025 Ready for Review-A POA does not have to have an expiration date. It is specific to our property address and may be used for that - Seller-04/21/2025 Counter-Received POA-unable to locate expiration date of POA. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. POAS - Seller-04/17/2025 Open-Trust/POA Does Not Meet Guideline Requirements File is missing Fully Executed Power of Attorney for Borrower - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. XXXX exception - Seller-04/23/2025 Ready for Review-A POA does not have to have an expiration date. It is specific to our property address and may be used for that - Seller-04/21/2025 Ready for Review-Document Uploaded. POAS - Seller-04/17/2025 |
Waived-Originator provided a waiver for POA applied to non material finding with comp factors - Due Diligence Vendor-04/23/2025 |
LTV is less than guideline maximum - LTV = 80% - Max LTV = 85% Qualifying FICO score is at least 20 points above minimum for program - FICO = 725 Min FICO = 680 |
Fico 20 pts or more above requirement; Total dti 10% or more under requirement; residual income $3k or more. | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3883180 |
| XXXX | 2013698 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1510 | 2025-04-16 16:01 | 2025-04-18 14:32 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received POAs - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. POAS - Seller-04/17/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. File is missing Fully Executed Power of Attorney for Borrower and Non-Borrower - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. POAS - Seller-04/17/2025 |
Resolved-Received POAs - Due Diligence Vendor-04/18/2025 |
LTV is less than guideline maximum - LTV = 80% - Max LTV = 85% Qualifying FICO score is at least 20 points above minimum for program - FICO = 725 Min FICO = 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3883182 | |
| XXXX | 2013698 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE5782 | 2025-04-16 16:19 | 2025-04-18 14:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap report. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. GAP report - Seller-04/17/2025 Open-Borrower 1 Gap Credit Report is Missing Missing gap or UDM - Due Diligence Vendor-04/17/2025 |
Ready for Review-Document Uploaded. GAP report - Seller-04/17/2025 |
Resolved-Received Gap report. - Due Diligence Vendor-04/18/2025 |
LTV is less than guideline maximum - LTV = 80% - Max LTV = 85% Qualifying FICO score is at least 20 points above minimum for program - FICO = 725 Min FICO = 680 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3883340 | |
| XXXX | 2013701 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1253 | 2025-04-18 11:26 | 2025-04-23 17:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Property Tax Cert | Resolved-Received PITIA validations. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. enclosed is the doc you are referencing... page #1 of a first payment letter would not have the property address.... that is the borrowers MAILING address. Page #2 of the first payment letter shows the property address. Borrowers 1003 also shows that XXXX is his mailing address (has an office where mail goes and does not own this address) - Seller-04/23/2025 Counter-XXXX First Payment Letter dated 3/18/2025 received-page 295 of package. Please validate and add to 1003 and 1008. (received PITIA for XXXX, XXXX and XXXX) - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. enclosed please find docs for XXXX, XXXX and XXXX. I do not see a property with the address of XXXX - Seller-04/21/2025 Open-XXXX missing PITI XXXX missing principle and interest payment and lease amount XXXX missing PITI – Lender used the PITI for Connecticut as XXX XXX’s PITI XXXX to be added to the application and included in the DTI Audit used Lender rent loss figures. DTI is not finalized and additional information and/or documentation may be required. - Due Diligence Vendor-04/18/2025 |
Ready for Review-Document Uploaded. enclosed is the doc you are referencing... page #1 of a first payment letter would not have the property address.... that is the borrowers MAILING address. Page #2 of the first payment letter shows the property address. Borrowers 1003 also shows thatXXXX is his mailing address (has an office where mail goes and does not own this address) - Seller-04/23/2025 Ready for Review-Document Uploaded. enclosed please find docs for XXXX, XXXX and XXXX. I do not see a property with the address of XXXX - Seller-04/21/2025 |
Resolved-Received PITIA validations. - Due Diligence Vendor-04/23/2025 |
Months Reserves exceed minimum required - 92 months available vs. 3 required Qualifying DTI below maximum allowed - 22% vs. max DTI of 50% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3901790 | |
| XXXX | 2013701 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0025 | 2025-04-18 12:18 | 2025-04-18 12:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. Borrower has insurance to cover. - Due Diligence Vendor-04/18/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Per application. Borrower is a party to a lawsuit - Due Diligence Vendor-04/18/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non-material. Borrower has insurance to cover. - Due Diligence Vendor-04/18/2025 |
Months Reserves exceed minimum required - 92 months available vs. 3 required Qualifying DTI below maximum allowed - 22% vs. max DTI of 50% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3902521 | |||
| XXXX | 2013700 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-04-24 15:49 | 2025-04-25 09:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non-material, borrower has excellent payment history. - Due Diligence Vendor-04/25/2025 Open-Exception Approval in file – 1. FM Exposure – Borrower has more than XXXX in loans with XXXX - Due Diligence Vendor-04/24/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non-material, borrower has excellent payment history. - Due Diligence Vendor-04/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796 Min FICO = 700 LTV is less than guideline maximum - LTV = 75% - Max LTV = 80% |
1. Residual Income $3K or more 2. Long Term Employment (> 5 Years) 3. Long Term Homeownership (> 5 Years) |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3955701 | ||
| XXXX | 2013697 | XXXX | C | B | C | B | A | A | A | A | Closed | FVAL5474 | 2025-04-29 14:11 | 2025-04-30 09:56 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project is ineligible | Waived-Originator exception granted and acceptance by investor provided, waiver applied with comp factors. -Project not 100% complete per Condo Questionnaire -No date provided for when developer will transfer control of the HOA to the unit owners. -48% total square footage of project square footage is for hotel unit Pg 758 -Complete rehab/gut job in XXXX -XXXX owns more than 10% -Condo conversion -The project, or the subject’s legal phase along with other phases, must be complete. All common elements in the project or legal phase must be 100% completed. At least 50% must be sold or under a bona-fide contract. Deemed non-material, subject unit is 100% complete and common areas have remaining cosmetic work and there is no health or safety concern. - Due Diligence Vendor-04/30/2025 Open-Exception Approval in file – 1. Ineligible Project – Non-Warrantable Condo - Due Diligence Vendor-04/29/2025 |
Waived-Originator exception granted and acceptance by investor provided, waiver applied with comp factors. -Project not 100% complete per Condo Questionnaire -No date provided for when developer will transfer control of the HOA to the unit owners. -48% total square footage of project square footage is for hotel unit Pg 758 -Complete rehab/gut job in XXXX -XXXX owns more than 10% -Condo conversion -The project, or the subject’s legal phase along with other phases, must be complete. All common elements in the project or legal phase must be 100% completed. At least 50% must be sold or under a bona-fide contract. Deemed non-material, subject unit is 100% complete and common areas have remaining cosmetic work and there is no health or safety concern. - Due Diligence Vendor-04/30/2025 | On time mortgage history exceeds guideline requirement - On Time Mortgage History = 99 Months Required = 12 months Qualifying FICO score is at least 20 points above minimum for program - FICO = 798 Min FICO = 680 |
798 FICO 12 mos reserves |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | Originator Post-Close | Yes | 3995649 | ||
| XXXX | 2020156 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 2020160 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 2020157 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 2020158 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 2020159 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2025-05-12 10:50 | 2025-05-13 15:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Upon further review, there is 100% replacement cost. - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. insurance shows 100% replacement, which is sufficient - Seller-05/12/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Provide a RCE to support the Insufficient Coverage Amount value - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. insurance shows 100% replacement, which is sufficient - Seller-05/12/2025 |
Resolved-Upon further review, there is 100% replacement cost. - Due Diligence Vendor-05/13/2025 |
Months Reserves exceed minimum required - 79.48 months reserves exceed required 6 by 73.48 months. Qualifying DTI below maximum allowed - DTI 29.28% is lower than allowable 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 4113116 | |
| XXXX | 2033716 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 2031277 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE9501 | 2025-05-23 08:00 | 2025-05-28 15:17 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received final settlement statement for sale of property. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. attached is the proceeds of sale... this is the same property (aka this address as its a corner property) as listed on the 1003 - Seller-05/23/2025 Open-Total Qualified Assets Post-Close amount is 'XXXX'. Assets are Insufficient. Missing copy of the Final CD for REO 3a , to support the net proceeds in the amount of XXXX. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. attached is the proceeds of sale... this is the same property (aka this address as its a corner property) as listed on the 1003 - Seller-05/23/2025 |
Resolved-Received final settlement statement for sale of property. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 736 and minimum allowed dis 680. LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Qualifying DTI below maximum allowed - DTI is 8.59% and max allowed is 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4225687 | |
| XXXX | 2031277 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE1198 | 2025-05-23 08:04 | 2025-05-28 15:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received final settlement statement for sale of property. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. proceeds of sale - Seller-05/23/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 9 month(s) . Missing copy of the Final CD for REO 3a , to support the net proceeds in the amount of XXXX. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. proceeds of sale - Seller-05/23/2025 |
Resolved-Received final settlement statement for sale of property. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 736 and minimum allowed dis 680. LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Qualifying DTI below maximum allowed - DTI is 8.59% and max allowed is 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4225723 | |
| XXXX | 2031277 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE1316 | 2025-05-23 07:44 | 2025-05-28 15:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received good standing. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. self employment corp lookup 04/03 - Seller-05/23/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing copy of the VVOE. Verbal VOE should be dated within 10 business days of closing. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. self employment corp lookup XXXX - Seller-05/23/2025 | Resolved-Received good standing. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 736 and minimum allowed dis 680. LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Qualifying DTI below maximum allowed - DTI is 8.59% and max allowed is 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4225547 | |
| XXXX | 2031277 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE8013 | 2025-05-23 06:43 | 2025-05-28 15:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Received complete purchase contract. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. full contract with terms - Seller-05/23/2025 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing the Purchase Contract Addendum supporting the purchase price of XXXX and the EMD in the amount of XXXX. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. full contract with terms - Seller-05/23/2025 |
Resolved-Received complete purchase contract. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 736 and minimum allowed dis 680. LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Qualifying DTI below maximum allowed - DTI is 8.59% and max allowed is 50% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4224962 | |
| XXXX | 2031277 | XXXX | D | A | D | A | A | A | C | A | Closed | FPRO0023 | 2025-05-23 06:46 | 2025-05-23 12:11 | Resolved | 1 - Information | C | A | Property | Value | Primary Appraised Value exceeds Variance to Reviewed Appraised Property Value | Resolved-2nd appraisal required and obtained. Loan closed using lower appraisal value. - Due Diligence Vendor-05/23/2025 Open-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is '-20.78'. Please verify property appraisal data. Value of the appraisal is not supported. First appraisal dated XXX value of XXXX / Appraisal #2 dated XXXX value of XXXX. Though sales price is set to the 2nd value the 2nd value is a 20.78% difference in value. - Due Diligence Vendor-05/23/2025 |
Resolved-2nd appraisal required and obtained. Loan closed using lower appraisal value. - Due Diligence Vendor-05/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 736 and minimum allowed dis 680. LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Qualifying DTI below maximum allowed - DTI is 8.59% and max allowed is 50% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4224986 | |||
| XXXX | 2033721 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-06-06 15:54 | 2025-06-30 16:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived--Exception approval granted and waiver applied to non-material finding as investor requires desk review firm used. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. please see the enclosed email chain we had with our target investor (XXXX) prior to closing the loans for this borrower... they accepted the litigation and also are the ones who REQUIRED the XXXX report - Seller-06/09/2025 Open-The desk review was completed by XXXX; whom is not an approved vendor. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. please see the enclosed email chain we had with our target investor (XXXX) prior to closing the loans for this borrower... they accepted the litigation and also are the ones who REQUIRED the XXXX report - Seller-06/09/2025 | Waived--Exception approval granted and waiver applied to non-material finding as investor requires desk review firm used. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - 98.06 months reserves exceed required 3 by 95.06 months Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4366366 | |
| XXXX | 2033721 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0025 | 2025-06-05 14:02 | 2025-06-30 16:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. please see the enclosed email chain we had with our target investor (XXXX) prior to closing the loans for this borrower... they accepted the litigation and also are the ones who REQUIRED the XXXX report - Seller-06/09/2025 Counter-Received documentation already in the file and reviewed. Provide indemnification letter from Trust. Finding remains - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. loe re indemnification - Seller-06/05/2025 Open-Provide indemnification letter from Trust. Exception in file and finding will be waived once indemnification letter received. - Due Diligence Vendor-06/05/2025 |
Ready for Review-Document Uploaded. please see the enclosed email chain we had with our target investor (XXXX) prior to closing the loans for this borrower... they accepted the litigation and also are the ones who REQUIRED the XXXX report - Seller-06/09/2025 Ready for Review-Document Uploaded. loe re indemnification - Seller-06/05/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - 98.06 months reserves exceed required 3 by 95.06 months Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO >20 points over req Reserves 12+ months over req |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4349358 |
| XXXX | 2033721 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-06-04 12:05 | 2025-06-05 14:05 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Originator exception for over XXXX loans/XXXXMil. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/05/2025 Open-Lenders exception for the following loa XXXXns over XXXXmillion. Must document business indemnifying borrower and business has sufficient assets - Due Diligence Vendor-06/04/2025 |
Waived-Originator exception for over XXXX loans/ XXXX Mil. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/05/2025 | Months Reserves exceed minimum required - 98.06 months reserves exceed required 3 by 95.06 months Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 742 is higher than the required 700 |
FICO 20 points or more than requirement Reserves 12+ months more than requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4332381 | ||
| XXXX | 2033718 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE4989 | 2025-06-05 15:05 | 2025-06-30 16:08 | Waived | 2 - Non-Material | C | B | Credit | Closing | Collections, liens or judgments not paid at closing | Waived-- Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. the enclosed email chain shows the target investor (XXXX) was aware of the litigation and is ok with this - Seller-06/09/2025 Counter-LOE stating the business will indemnify the borrower, additional documentation will need to be required. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. LOE re indemnification - Seller-06/06/2025 Open-Documentation in file supports a pending litigation judgment case against the borrower. Missing documentation supporting judgment released or satisfied. Lender exception required. - Due Diligence Vendor-06/05/2025 |
Ready for Review-Document Uploaded. the enclosed email chain shows the target investor (XXXX) was aware of the litigation and is ok with this - Seller-06/09/2025 Ready for Review-Document Uploaded. LOE re indemnification - Seller-06/06/2025 |
Waived-- Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/10/2025 |
On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement of 0x30>than 36 months. Qualifying FICO score is at least 20 points above minimum for program - Score is 742 and minimum allowed is 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4350481 | |
| XXXX | 2033718 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-06-05 14:57 | 2025-06-30 16:08 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator provided an Exception for over XXXX loans /$XXXXMM, applied to non material finding with comp factors. FM aggregate exposure to a single borrower and/or household shall not exceed XXXX in current unpaid principal balance (UPB) or XXXX (XXXX) loans. - Due Diligence Vendor-06/30/2025 Open-Client provided an Exception for over XXXX loans /$XXXXMM, applied to non material finding with comp factors. FM aggregate exposure to a single borrower and/or household shall not exceed XXXX in current unpaid principal balance (UPB) or XXXX (XXXX) loans. - Due Diligence Vendor-06/05/2025 |
Waived-Originator provided an Exception for over XXXX loans /$XXXXMM, applied to non material finding with comp factors. XXXX aggregate exposure to a single borrower and/or household shall not exceed XXXX in current unpaid principal balance (UPB) or XXXX (XXXX) loans. - Due Diligence Vendor-06/30/2025 | On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement of 0x30>than 36 months. Qualifying FICO score is at least 20 points above minimum for program - Score is 742 and minimum allowed is 700 |
-Score is 742 and minimum allowed is 700 -Reserves 12+months than required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4350359 | ||
| XXXX | 2033720 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-06-06 07:56 | 2025-06-09 15:44 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted to allow loan amount. Non-material waiver applied to finding with compensating factors. Non-Material < $5k variance. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. loan amount exception - Seller-06/06/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX. Loan amounts under XXXX by exception only. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. loan amount exception - Seller-06/06/2025 |
Waived-Originator exception granted to allow loan amount. Non-material waiver applied to finding with compensating factors. Non-Material < $5k variance. - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR Is 1.273. Qualifying FICO score is at least 20 points above minimum for program - Score is 742 and minimum allowed is 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4358164 | |
| XXXX | 2033720 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-06-06 07:59 | 2025-06-06 09:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/06/2025 Open-Client provided an Exception for over XXXX loans /$XXXXMM, applied to non material finding with comp factors. XXXX aggregate exposure to a single borrower and/or household shall not exceed XXXX in current unpaid principal balance (UPB) or XXXX (XXXX) loans. - Due Diligence Vendor-06/06/2025 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/06/2025 |
DSCR % greater than 1.20 - DSCR Is 1.273. Qualifying FICO score is at least 20 points above minimum for program - Score is 742 and minimum allowed is 700 |
-Reserves 12+months than required -Score is 742 and minimum allowed is 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4358191 | ||
| XXXX | 2033720 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0025 | 2025-06-06 09:05 | 2025-06-06 09:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as lender provided documentation to indemnify the borrower personally and provide documentation to verify sufficient business assets - Due Diligence Vendor-06/06/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Exception in file for lawsuit. Per terms of exception, must document business indemnifying borrower and business has sufficient assets - Due Diligence Vendor-06/06/2025 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as lender provided documentation to indemnify the borrower personally and provide documentation to verify sufficient business assets - Due Diligence Vendor-06/06/2025 |
DSCR % greater than 1.20 - DSCR Is 1.273. Qualifying FICO score is at least 20 points above minimum for program - Score is 742 and minimum allowed is 700 |
-FICO 20 points or more above requirement -Reserves 12+ months more than requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4358750 | ||
| XXXX | 2033719 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0025 | 2025-06-06 11:42 | 2025-06-30 16:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Client provided waiver for non material finding with comp factors. File contains a an exception form the Lender . File contains letter from the attny supporting that business is indemnifying borrower and business has sufficient assets - Due Diligence Vendor-06/12/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. File contains a an exception form the Lender . File contains letter from the attny supporting that business is indemnifying borrower and business has sufficient assets - Due Diligence Vendor-06/12/2025 |
Waived-Client provided waiver for non material finding with comp factors. File contains a an exception form the Lender . File contains letter from the attny supporting that business is indemnifying borrower and business has sufficient assets - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 742 Min FICO = 700 On time mortgage history exceeds guideline requirement - On Time Mortgage History = 80 Months Required = 12 months |
1. FICO 20 points or more above requirement 2. Reserves 12+ months more than requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4362166 | ||
| XXXX | 2033719 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-06-06 11:48 | 2025-06-30 16:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Client waiver applied with comp facts - Due Diligence Vendor-06/12/2025 Open-Exception Approval in file – 1. Exposure – XXXX Loans/$XXXX MM - Due Diligence Vendor-06/06/2025 |
Waived-Client waiver applied with comp facts - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 742 Min FICO = 700 On time mortgage history exceeds guideline requirement - On Time Mortgage History = 80 Months Required = 12 months |
1. FICO 20 points or more above requirement 2. Reserves 12+ months more than requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4362279 | ||
| XXXX | 2033719 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2025-06-06 11:47 | 2025-06-11 17:36 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted to allow loan amount. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. loan amount exception - Seller-06/10/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Subject loan amount is XXXX is less than the minimum loan amount of XXXX. Loan amount not addressed on the exception form in the file. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. loan amount exception - Seller-06/10/2025 |
Waived-Originator exception granted to allow loan amount. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 742 Min FICO = 700 On time mortgage history exceeds guideline requirement - On Time Mortgage History = 80 Months Required = 12 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4362259 | |
| XXXX | 2033717 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0025 | 2025-06-06 12:54 | 2025-06-30 16:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Waived-Originator exception granted B1 / B1 business part y lawsuit, Non-material waiver applied with comp factors. non-material due to B1 assets can pay off lawsuit worst case scenario. Attorney letter provided in the loan file. - Due Diligence Vendor-06/30/2025 Open-Borrower is party to a lawsuit according to the 1003 declarations. Borrower is named as a defendant in an pending litigation matter. XXXX for the XXXX, XXXX, XXXX v. XXXX, et al., Case No. XXXX Case Involves the activities of borrower business. Borrower lawyers have explained to borrower. The borrower is named as a defendant as a formality. Per attorney letter B1q could be held responsible XXXX million plus interest. - Due Diligence Vendor-06/09/2025 |
Waived-Originator exception granted B1 / B1 business part y lawsuit, Non-material waiver applied with comp factors. non-material due to B1 assets can pay off lawsuit worst case scenario. Attorney letter provided in the loan file. - Due Diligence Vendor-06/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 742; guidelines require 700. Long term residence - 5 Years. Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 8642 months |
FICO 20 points more than guideline requirement. Reserves 12+ months. Long term homeownership >5 years. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 4363142 | ||
| XXXX | 2033717 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-06-09 16:30 | 2025-06-09 17:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Originator exception granted to allow financed properties exceeding lender guidelines , Non-material waiver applied with comp factors. non-material due to B1 has ample reserves to pay off loan in full. - Due Diligence Vendor-06/30/2025 Open-Lender exception provided for over 1XXXX oans / XXXXmillion. - Due Diligence Vendor-06/09/2025 |
Waived-Originator exception granted to allow financed properties exceeding lender guidelines , Non-material waiver applied with comp factors. non-material due to B1 has ample reserves to pay off loan in full. - Due Diligence Vendor-06/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 742; guidelines require 700. Long term residence - 5 Years. Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 8642 months |
FICO 20 points more than guideline requirement. Reserves 12+ months. Long term homeownership >5 years. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4386659 |