Angel Oak Mortgage Trust I, LLC ABS-15G
Exhibit 99.3
Exception Grades
Run Date - XXX
| SitusAMC Loan ID | Customer Loan ID | Seller 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 | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXX | XXX | 2025090539 | XXX | XXX | XXX | Credit | Credit | XXX Discrepancy / Guidelines Discrepancy | Guideline | XXX/Guideline Findings: All conditions were not met | The XXX findings reflected the number of financed properties as XXX, however, there are XXX financed properties. Please provide an updated XXX approval with the correct number of financed XXX. Reserve requirements and any additional XXX findings to be reviewed upon receipt. | Reviewer Comment (XXX): Received updated XXX reflecting XXX financed properties, Exception cleared. Buyer Comment (XXX): Please see attached updated XXX findings. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | |||||||||
| XXX | XXX | 2025090536 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): AVM supporting value was provided. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090534 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | XXX Issue: The most recent valuation inspection is dated prior to the most recent XXX. | Most Recent Valuation Inspection Date: XXX Disaster End Date: XXX Disaster Name: XXX Disaster Declaration Date: XXX |
Property inspected post disaster but XXX declaration of XXX end date. | Property inspected XXX but XXX end date. Date of XXX: XXX | XXX,Originator,Aggregator | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX Reviewer Comment (XXX): Inspection completed after the incident start date reflects no damages. XXX meets guidelines. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | B | B | B | B | A | A | A | A | N/A | No | ||||||
| XXX | XXX | 2025090532 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): Received AVM supporting value. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090532 | XXX | XXX | XXX | Credit | Guideline | General | Guideline | Origination UW/Approval requirements were not met. | The subject investment purchase was submitted to XXX with XXX financed properties however, the borrowers have XXX financed properties. The loan casefile must be resubmitted to XXX with the correct number of financed properties, which may impact the reserves requirement. Upon receipt of the resubmitted XXX, additional conditions may apply. | Reviewer Comment (XXX): Received updated XXX reflecting XXX financed properties, Exception cleared. Buyer Comment (XXX): Please see attached updated XXX. Reviewer Comment (XXX): Received updated XXX still reflects XXX financed properties, Exception remains. Buyer Comment (XXX): Please see attached XXX findings. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090532 | XXX | XXX | XXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Subject loan is an investment purchase and XXX qualified the borrower with a XXX account only for the assets. File is missing the XXX Plan Summary to verify the borrower can use the XXX to purchase an investment. Please provide for review. | Reviewer Comment (XXX): Received the XXX plan summary. Buyer Comment (XXX): Please see attached terms of withdrawal. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090530 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position:XXX | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the Desk Review which supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090530 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX, Address: XXX, XXX, XXX Insurance Verification, Statement, Tax Verification Insurance Verification, Statement, Tax Verification |
Insurance Verification, Statement and Tax Verification is missing in the file | Reviewer Comment (XXX): Received the Loan Estimate as it confirm the anticipated XXX ,Exception Cleared . Buyer Comment (XXX): Please see attached, Despite not yet owning the property, we are taking it into account into the DTI as we anticipate the loan will close. Attached is the loan estimate used to determine the XXX amount, including the insurance. Reviewer Comment (XXX): Confirmation that borrower did not own XXX XXX was not provided. Buyer Comment (XXX): Please see the attached for the updated XXX, 1003 and 1003. Client does not own XXX, XXX, XXX. This is a purchase transaction in process with XXX that has not closed to date. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090530 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, Bakersfield, XXX Insurance Verification, Statement, Tax Verification | Reviewer Comment (XXX): Provided closing disclosure document for XXX, Exception Cleared . Buyer Comment (XXX): Please see the attached XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090529 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): Received the Desk Review which supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090529 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification, Statement, Tax Verification | File is missing all verifications for this investment property to verify the monthly payment and property expenses disclosed in the Final 1003. Please provide for review and upon receipt, additional conditions may apply. | Reviewer Comment (XXX): Received the closing disclosure which confirmed the tax & insurance are XXX, Exception cleared . Buyer Comment (XXX): Please see the attached final closing disclosure for the non-subject property. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090529 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification, Tax Verification | File is missing all verifications for this investment property to verify the monthly payment and property expenses disclosed in the Final 1003. Please provide for review and upon receipt, additional conditions may apply. | Reviewer Comment (XXX): Received the closing disclosure which confirmed the tax & insurance are XXX, Exception cleared . Buyer Comment (XXX): Please be advised this non-subject transaction has not closed yet, please see attached most recent disclosure to confirm XXX. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090529 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification, Statement, Tax Verification | File is missing all verifications for this investment property to verify the monthly payment and property expenses disclosed in the Final 1003. Please provide for review and upon receipt, additional conditions may apply. | Reviewer Comment (XXX): Received the closing disclosure which confirmed the tax & insurance are XXX, Exception cleared . Buyer Comment (XXX): Please see the attached final closing disclosure for the non-subject property. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090527 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the Desk Review which supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090527 | XXX | XXX | XXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The XXX Policy Effective Date is after closing. | XXX Policy Effective Date XXX, Disbursement Date:XXX | Reviewer Comment (XXX): Received Hazard Insurance Policy reflecting Effective Date XXX which is prior to Disbursement date. Exception cleared. Buyer Comment (XXX): Please see the attached for the XXX policy effective at closing. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090521 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): XXX provided and supports value, exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090517 | XXX | XXX | XXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: XXX not provided | Reviewer Comment (XXX): Received XXX policy with wall in coverage, Exception cleared. Buyer Comment (XXX): Please see attached XXX policy covering betterments and improvements. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090517 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX XXX Verification, Insurance Verification, Statement, Tax Verification | File is missing the final CD to determine XXX for this property. Please provide for review. | Reviewer Comment (XXX): Received final CD confirm XXX of the proproperty, Exception cleared. Buyer Comment (XXX): Please see attached XXX for this property. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090517 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Statement | The file is missing the mortgage statement for this property. Please provide for review. | Reviewer Comment (XXX): Received final CD confirm XXX of the proproperty, Exception cleared. Buyer Comment (XXX): Please see attached CD for the recent loan completed on this property. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090517 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification, Tax Verification | The file is missing the taxes and insurance documentation for this property. Please provide for review. | Reviewer Comment (XXX): Received tax cert confirms that property is XXX land hence, XXX is not required, Exception cleared. Buyer Comment (XXX): Attached is the tax statement for this property confirming it to be a XXX lot owned free and clear. There is no XXX on this property. See the taxable value is for land only. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090516 | XXX | XXX | XXX | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance. | Reviewer Comment (XXX): Received XXX policy with wall in coverage, Exception cleared. Buyer Comment (XXX): Please see the XXX policy, attached. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090516 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification, Statement | The file is missing the mortgage statement and insurance documentation for this property. Please provide for review. | Reviewer Comment (XXX): Received the Closing disclosure ,Exception cleared . Buyer Comment (XXX): Please see the attached final CD for the property located at XXX, XXX. Loan was in process at the time of the subject closing, and payment used to qualify was based on the amount at the time of final underwrite. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090516 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Insurance Verification | The file is missing the insurance documentation for this property. Please provide for review. | Reviewer Comment (XXX): Received tax cert confirms that property is XXX land hence, XXX is not required, Exception cleared. Buyer Comment (XXX): Exception invalid. Please cancel. Property is XXX land. Taxes on page XXX of loan file. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090516 | XXX | XXX | XXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: XXX not provided | Reviewer Comment (XXX): Received XXX policy with wall in coverage, Exception cleared. Buyer Comment (XXX): Please see the XXX policy, attached. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090516 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address:XXX, Statement | The file is missing the mortgage statement for this property. Please provide for review. | Reviewer Comment (XXX): Received the Closing disclosure ,Exception cleared . Buyer Comment (XXX): Please see the attached final CD for the property located at XXX. Loan was recently closed, therefore mortgage statement was not available at the time of close. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090506 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Desk Review supporting value provided. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090501 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): Received the AVM with an XXX of XXX and the AVM value supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090497 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the AVM with an XXX of XXX and the AVM value supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | B | A | A | B | B | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090497 | XXX | XXX | XXX | Compliance | XXX | Document Error | XXX | Closing Disclosure: Dates are not in XXX order. | Date Issued: XXX Issue Date: XXX; Received Date: XXX; Signed Date: XXX | The borrower appears to have made a typographical error when signing the CD. Date signed was XXX vs closing date per all other documentation of XXX. Please provide supporting documentation from title confirming the date the borrower signed the Closing Disclosure for review. | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX. Qualifying DTI of XXX% is XXX% lower than guideline maximum. Buyer Comment (XXX): Seller acknowledges the exception, no change to grading. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | D | B | A | A | B | B | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090492 | XXX | XXX | XXX | Credit | Asset | Asset Calculation / Analysis | Asset | XXX Findings: Available for Reserves discrepancy. | Calculated Available for Reserves of $XXX is less than XXX Available for Reserves of $XXX. | Reserves were insufficient due to missing documentation to support the secured asset of $XXX as used to qualify. Please provide for review. | Reviewer Comment (XXX): Provided Closing Disclosure for the funds from the secured assets: Exception Cleared. Buyer Comment (XXX): Please see the final CD for XXX, confirming XXX used to qualify and funds from the secured asset. Please clear all exceptions. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090492 | XXX | XXX | XXX | Credit | Credit | XXX Discrepancy / Guidelines Discrepancy | Guideline | XXX Findings: Qualifying asset balance discrepancy. | Calculated qualifying asset balance of $XXX is less than XXX qualifying asset balance of $XXX. | Funds to close were insufficient due to missing documentation to support the secured asset of $XXX as used to qualify. Please provide for review. | Reviewer Comment (XXX): Provided Closing Disclosure for the funds from the secured assets which covered the closing and reserve requirement : Exception Cleared. Buyer Comment (XXX): Please see the final CD for XXX, confirming XXX used to qualify and funds from the secured asset. Please clear all exceptions. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090492 | XXX | XXX | XXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $XXX is less than Cash From Borrower $XXX. | Funds to close were insufficient due to missing documentation to support the secured asset of $XXX as used to qualify. Please provide for review. | Reviewer Comment (XXX): Provided Closing Disclosure for the funds from the secured assets which covered the closing requirement : Exception Cleared. Buyer Comment (XXX): Please see the final CD for XXX, confirming XXX used to qualify and funds from the secured asset. Please clear all exceptions. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090492 | XXX | XXX | XXX | Credit | XXX | Document Error | XXX | The XXX policy is within XXX or XXX and does not reflect a coverage amount (no final XXX policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX Buyer Comment (XXX): Seller acknowledges exception, no change to grading. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090492 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address:XXX, XXX, XXX Statement | The file is missing the mortgage statement for this property. Please provide for review. | Reviewer Comment (XXX): Provided Closing Disclosure which reflects XXX : Exception Cleared. Buyer Comment (XXX): Please see the final CD for XXX, confirming XXX used to qualify and funds from the secured asset. Please clear all exceptions. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090515 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | XXX Issue: The most recent valuation inspection is dated prior to the most recent XXX. | Most Recent Valuation Inspection Date: XXX Disaster End Date: XXX Disaster Name: XXX Disaster Declaration Date: XXX |
Property inspected post disaster but XXX end date. | Property inspected XXX but XXX end date. Date of XXX: XXX | XXX,Originator | Reviewer Comment (XXX9): Qualifying DTI of XXX% is XXX% lower than guideline maximum. Reviewer Comment (XXX): Appraisal performed after disaster on XXX. No damage reported. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||
| XXX | XXX | 2025090515 | XXX | XXX | XXX | Credit | Asset | Asset Calculation / Analysis | Asset | XXX Findings: Available for Reserves discrepancy. | Calculated Available for Reserves of $XXX is less than XXX Available for Reserves of $XXX. | Reserves were insufficient due to missing the documentation to verify the large deposit on XXX for $XXX. Please provide documentation for review. | Reviewer Comment (XXX): Received settlement statement for the sale of the property XXX. to verify the large deposit amount of $XXX. Exception cleared Buyer Comment (XXX): Please see the attached settlement statement from the sale of the clients property at XXX. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXX | XXX | 2025090515 | XXX | XXX | XXX | Credit | Credit | XXX Discrepancy / Guidelines Discrepancy | Guideline | XXX Findings: Qualifying asset balance discrepancy. | Calculated qualifying asset balance of $XXX is less than XXX qualifying asset balance of $XXX. | Funds to close were insufficient due to missing the documentation to verify the large deposit on XXX for $XXX. Please provide documentation for review. | Reviewer Comment (XXX): Received settlement statement for the sale of the property XXX. to verify the large deposit amount of $XXX. Exception cleared Buyer Comment (XXX): Please see the attached settlement statement from the sale of the clients property at XXX. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXX | XXX | 2025090515 | XXX | XXX | XXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $XXX is less than Cash From Borrower $XXX. | Funds to close were insufficient due to missing the documentation to verify the large deposit on XXX for $XXX. Please provide documentation for review. | Reviewer Comment (XXX): Received settlement statement for the sale of the property XXX. to verify the large deposit amount of $XXX. Exception cleared Buyer Comment (XXX): Please see the attached settlement statement from the sale of the clients property at XXX. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | The 3rd party verification of the borrower's XXX business (XXX) does not have a document date or timestamp. Please provide the 3rd party verification dated no more than XXX calendar days prior to the note date of XXX as required by XXX guidelines. | Reviewer Comment (XXX): Received XXX entity document as third party verification reflects XXX XXX. Exception Cleared. Buyer Comment (XXX): Please see attached timestamped verification for this business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | The 3rd party verification of the borrower's XXX business (XXX) does not have a document date or timestamp. Please provide the 3rd party verification dated no more than XXX calendar days prior to the note date of XXX as required by XXX guidelines. | Reviewer Comment (XXX): Received XXX entity document as third party verification reflects XXX XXX. Exception Cleared. Buyer Comment (XXX): Please see attached timestamped verification for this business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXX Third Party Verification | The 3rd party verification of the borrower's XXX business (XXX) does not have a document date or timestamp. Please provide the 3rd party verification dated no more than XXX calendar days prior to the note date of XXX as required by XXX guidelines. | Reviewer Comment (XXX): Received XXX entity document as third party verification reflects XXX XXX. Exception Cleared. Buyer Comment (XXX): Please see attached timestamped verification for this business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): Received XXX supporting value. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | ATR/QM Defect | QM Points and Fees XXX | Qualified Mortgage (XXX): Points and Fees on subject loan of XXX% is in excess of the allowable maximum of XXX% of the XXX Total Loan Amount. Points and Fees total $XXX on a XXX Total Loan Amount of $XXX vs. an allowable total of $XXX (an overage of $XXX or .XXX%). | Reviewer Comment (XXX): Upon further review this exception has been cleared. The fee names for the real estate admin fee and XXX dues paid by the borrower in Section XXX have been corrected. Buyer Comment (XXX): We are passing the QM points and fees test. The QM loan amount is $XXX for a max allowed of $XXX. The prepaid finance charges are only $XXX. XXX is including section XXX fees which should not be included. Namely the XXX maintenance fee and administration fee. Please re-review and test against the QM loan amount of $XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX Defect | XXX XXX Percent Tolerance Violation Without Sufficient Cure Provided | XXX Integrated Disclosure: XXX Percent Fee Tolerance exceeded. Total amount of $XXX exceeds tolerance of $XXX plus XXX% or $XXX. Insufficient or no cure was provided to the borrower. (XXX) | Ten Percent Fee Tolerance of $XXX exceeds tolerance of $XXX plus XXX% or $XXX, which is an increase of $XXX. Provide a post close CD disclosing the tolerance violation of $XXX, a copy of the refund check, proof of delivery, and a copy of the XXX to the borrowers disclosing the changes made. | Reviewer Comment (XXX): XXX Received Corrected XXX and XXX moving fee to section XXX as borrower shopped for services. Buyer Comment (XXX): Please see attached redisclosure package curing the issue by moving the fees to section XXX as they should have been. They were paid to a non-affiliate service provider and are subject to unlimited tolerance. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||
| XXX | XXX | 2025090511 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (XXX): Originator Loan Designation of XXX QM (XXX) does not match Due Diligence Loan Designation of QM (XXX) Fail. | Loan designation failure due to the XXX fees. Please confirm the fees considered in testing. | Reviewer Comment (XXX): Upon further review this exception has been cleared. The fee names for the real estate admin fee and XXX dues paid by the borrower in Section XXX have been corrected. Buyer Comment (XXX): We are passing the QM points and fees test. The QM loan amount is $XXX for a max allowed of $XXX. The prepaid finance charges are only $XXX. XXX is including section XXX fees which should not be included. Namely the XXX maintenance fee and administration fee. Please re-review and test against the QM loan amount of $XXX |
XXX | 1 | B | A | C | A | B | A | C | A | B | A | XXX | XXX | XXX | XXX | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||
| XXX | XXX | 2025090540 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Desk Review provided. Value of $XXX does not support origination value of $XXX. Subsequent exception set as a result. This exception is cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090540 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX HOA Verification, Insurance Verification, Tax Verification | The file is missing all XXX documentation for this property. Please provide the final CD from the recent transaction with the lender for review. | Reviewer Comment (XXX): Received final CD to verify XXX amount. Exception cleared Buyer Comment (XXX): Please see attached XXX for this property. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090540 | XXX | XXX | XXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The representative FICO score is above XXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXX% and $XXX. Borrower has verified disposable income of at least $XXX. Borrower has been employed in the same industry for more than XXX years. |
XXX XXX XXX XXX |
Reviewer Comment (XXX): Qualifying LTV based on purchase price which is lower value than secondary valuation Reviewer Comment (XXX): Borrower employed for XXX + years |
XXX | 1 | A | A | A | A | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| XXX | XXX | 2025090538 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower:XXX Third Party Verification | The third party verification of employment for XXX Corp was not timestamped. Please provide evidence of when the lender obtained the verification for review. | Reviewer Comment (XXX): Received the Certificate of good standing with XXX, Exception cleared. Buyer Comment (XXX): Please see attached timestamped XXX for each business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090538 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | The third party verification of employment for XXX XXX was not timestamped. Please provide evidence of when the lender obtained the verification for review. | Reviewer Comment (XXX): Received the Certificate of good standing with XXX, Exception cleared. Buyer Comment (XXX): Please see attached timestamped XXX for each business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | |||||||||
| XXX | XXX | 2025090538 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | The third party verification of employment for XXX LLC was not timestamped. Please provide evidence of when the lender obtained the verification for review. | Reviewer Comment (XXX): Received the Certificate of good standing with XXX, Exception cleared. Buyer Comment (XXX): Please see attached timestamped XXX for each business. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | |||||||||
| XXX | XXX | 2025090526 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX HOA Verification | Please provide documentation to verify the HOA or other property expenses in the monthly amount of $XXX for the indicated property. | Reviewer Comment (XXX): Other Insurance document was already in the file for the remaining amount $XXX, Exception Cleared Buyer Comment (XXX): The property on high street has XXX units on the same parcel. XXX, XXX and XXX. All of these documents factor into the DTI calculation; XXX + XXX + XXX = $XXX. Please reveiw |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090524 | XXX | XXX | XXX | Credit | Legal / Regulatory / Compliance | XXX Defect | Legal / Regulatory / Compliance | XXX Policy is missing. No evidence of title in file. | The file was missing the XXX policy. | Reviewer Comment (XXX): Received the XXX policy ,Exception cleared. Buyer Comment (XXX): Please see attached XXX policy |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090524 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): AVM received and supports value, exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | C | A | A | A | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090523 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | XXX Issue: The most recent valuation inspection is dated prior to the most recent XXX. | Most Recent Valuation Inspection Date: XXX Disaster End Date: XXX Disaster Name: XXX Disaster Declaration Date: XXX |
The Loan to Value (LTV) on the loan is less than or equal to XXX%. | XXX | Reviewer Comment (XXX): XXX months subject XXX asset reserves. Reviewer Comment (XXX): Appraisal completed after the incident start date reflects no damages. Client elects to waive with compensating factors. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXX | XXX | 2025090522 | XXX | XXX | XXX | Credit | XXX | Document Error | XXX | The Preliminary title policy is within XXX or XXX and does not reflect a coverage amount (no XXX in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX. Qualifying DTI of XXX% is XXX% lower than guideline maximum. Buyer Comment (XXX): Seller acknowledges the exception, no change to grading. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | D | B | B | B | A | A | D | A | N/A | No | ||||||||||
| XXX | XXX | 2025090522 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): CDA provided and supports value, exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | B | B | B | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090519 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | XXX Issue: The subject property is located in a XXX that does not have a declared end date. | Disaster Name: XXX Disaster Declaration Date:XXX |
Property inspected post XXX but XXX end date. | Property inspected XXX but XXX end date. Date of XXX: XXX. | XXX,Originator,Aggregator | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX. Qualifying DTI of XXX% is XXX% lower than guideline maximum. Reviewer Comment (XXX): Appraisal inspection was completed after the incident start date reflects no damages. This meets client guidelines. Client elects to waive with compensating factors. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | B | B | B | B | A | A | A | A | N/A | No | ||||||
| XXX | XXX | 2025090513 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXX | XXX or other documentation was not found to verify the borrower's XXX earnings at the prior employment at XXX & XXX (XXX), as required per the XXX. | Reviewer Comment (XXX): Borrower working in same Company however not required prior employment XXX. Exception Cleared. Buyer Comment (XXX): The client has worked with the same employer since XXX but it was broken out as separate employment records as he worked in XXX for XXX XXX from XXX. There are no separate XXX as it was the same employer Buyer Comment (XXX): Pg XXX and Pg XXX contain the XXX and XXX XXX for XXX employment with XXX and XXX Inc |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090512 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the AVM with an XXX of XXX and the AVM value supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090510 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position:XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the AVM with an XXX of XXX and the AVM value supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | B | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090510 | XXX | XXX | XXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Borrower has verified disposable income of at least $XXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXX% and $XXX. The representative FICO score is above XXX. |
Borrower has residual income of $XXX per month. | XXX,Originator XXX XXX |
Reviewer Comment (XXX): Received replacement cost estimator in file, Exception cleared. Buyer Comment (XXX): Please see attached replacement cost estimator confirming the XXX coverage is sufficient. Reviewer Comment (XXX): Exception is waived per XXX Guidelnes |
XXX | 1 | B | A | B | A | B | A | B | A | B | A | XXX | XXX | XXX | XXX | D | A | B | A | A | A | D | A | N/A | No | |||||||
| XXX | XXX | 2025090507 | XXX | XXX | XXX | Credit | Asset | Asset Calculation / Analysis | Asset | XXX Findings: Available for Reserves discrepancy. | Calculated Available for Reserves of $XXX is less than XXX Available for Reserves of $XXX. | Large deposit to account ending in XXX for $XXX on XXX was not verified. Please provide supporting documentation for this deposit for review. | Reviewer Comment (XXX): Upon further review this exception has been cleared. Total closing were captured incorrectly. Buyer Comment (XXX): Large deposit was backed out of assets, as allowed, and assets are sufficient. Total Funds Needed for Close = $XXX Qualifying Balance in XXX XXX Large Deposit Excess Reserves = XXX Please cancel exception. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090504 | XXX | XXX | XXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | XXX Findings: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of XXX% exceeds XXX total debt ratio of XXX%. | DTI variance is due to subject property having a higher negative cash flow and lower monthly income amount than what the lender used to qualify. | Reviewer Comment (XXX): Recieved updated approved XXX with DTI at XXX%, Exception cleared. Buyer Comment (XXX): Please see attached XXX. Reviewer Comment (XXX): The borrower's teacher pay is variable. Diligence has given the best case scenario of all earning trends as income is increasing. XXX is $XXX/month through XXX. $XXX is just the most recent of the variable paychecks and unable to be used as if it's salary. XXX the gross check was for $XXX. Diligence will need a revised XXX approved at XXX% in order to clear this exception. Buyer Comment (XXX): The borrowers official pay rate on their documentation is XXX/month, and their XXX pay is within XXX% of that figure which by our guidelines we are allowed use. Please clear this condition as it is invalid. Reviewer Comment (XXX): EXCEPTION HISTORY - Exception Explanation was updated on XXX PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of XXX% exceeds XXX total debt ratio of XXX%. Reviewer Comment (XXX): Received revised XXX policy for the subject. Negative rents now align. Diligence DTI is now at XXX% which is above the XXX allowable (XXX% due to XXX rounding) amount to meet the XXX% DTI as shown on the XXX. This is due to the borrower's calculated income of $XXX which is a XXX average which includes all variable earnings including coaching. XXX is the highest income stream available. Buyer Comment (XXX): XXX: See the attached policy. This policy is the one received most recently by the borrower, this shows a lower HOI payment and thus the income reflected on our documentation is correct. Reviewer Comment (XXX): Diligence confirmed the subject PITIA is $XXX. This aligns with client's final Closing Disclosure and the subject XXX reflected on page XXX of the final 1003. ($XXX P&I, $XXX HO and $XXX property taxes. Exception remains. Buyer Comment (XXX): Subject property negative cash flow is only -$XXX. We agree the subject PITIA is $XXX. The rent is calculated by taking the 1007 value of $XXX and applying a XXX% vacancy factor leaving $XXX for qualifying. $XXX - $XXX. Please reveiw to recalculate subject negative cash flow and DTI. Reviewer Comment (XXX): The subject loan was approved through XXX with a DTI of XXX%. The XXX% tolerance does not apply. The calculated DTI of XXX% exceeds the maximum LP DTI of XXX%, which requires resubmission to XXX. Upon receipt of the resubmitted XXX, additional conditions may apply. Buyer Comment (XXX): This changes the DTI XXX% and is not a material exception. Please review to clear. Reviewer Comment (XXX): Calculated subject property negative cash flow -$XXX is higher than the lender's calculated value -$XXX, Due to this DTI is higher than the Lender's used to qualify. Exception Remains Buyer Comment (XXX): Also, please note that its within the XXX% tolerance so there should not be an issue. Buyer Comment (XXX): Please specify where the discrepancy is stemming from. We used $XXX/month proposed rent as confirmed by the 1007 rent schedule. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090504 | XXX | XXX | XXX | Credit | XXX | Document Error | XXX | The Preliminary title policy is within XXX or XXX and does not reflect a coverage amount (no XXX policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX Buyer Comment (XXX): Seller acknowledges the exception, no change to grading. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090500 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | XXX Issue: The subject property is located in a XXX that does not have a declared end date. | Disaster Name: XXX Disaster Declaration Date: XXX |
Property inspected post XXX but XXX end date. | Property inspected XXX but XXX end date. Date of XXX:XXX | XXX,Originator | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX Reviewer Comment (XXX): Appraisal performed after disaster on XXX. No damage reported. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | ||||||
| XXX | XXX | 2025090500 | XXX | XXX | XXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: XXX not provided | The subject is located in a XXX project. The file is missing the XXX policy. | Reviewer Comment (XXX): Provided XXX policy for the subject property: Exception Cleared. Buyer Comment (XXX): please see attached |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| XXX | XXX | 2025090499 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received the AVM with an FSD of XXX and the AVM value supports the appraised value. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | A | A | A | A | A | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090496 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | The file was missing the secondary valuation required for securitization purposes. | Reviewer Comment (XXX): Received AVM supporting value. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | B | A | A | B | B | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090496 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX | XXX Appraisal - Appraisal Not Provided at or Before Closing (XXX-Day Waiver In File) | XXX Valuations Rule (XXX): Borrower waived right to receive a copy of the appraisal at least XXX (XXX) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXX) | Verification of the borrower's receipt of the appraisal was missing from the file. | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX Buyer Comment (XXX): Seller acknowledges exception, no change to grading. |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | D | B | A | A | B | B | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090494 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Statement | The file was missing the Final Closing Disclosure from the recent transaction on this property. Please provide the final CD confirming the XXX as considered. | Reviewer Comment (XXX): Received the closing disclosure which confirmed the XXX, Exception cleared . Buyer Comment (XXX): please see attached |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | D | B | C | A | B | B | D | A | N/A | No | ||||||||
| XXX | XXX | 2025090494 | XXX | XXX | XXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXX | Note Date: XXX; Lien Position: XXX | Reviewer Comment (XXX): Received AVM supporting value. Exception cleared. |
XXX | 1 | D | A | D | A | D | A | D | A | D | A | XXX | XXX | XXX | XXX | D | B | C | A | B | B | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090494 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX | XXX Appraisal - Appraisal Not Provided at or Before Closing (XXX-Day Waiver In File) | XXX Valuations Rule (XXX): Borrower waived right to receive a copy of the appraisal at least XXX (XXX) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXX) | Reviewer Comment (XXX): FICO of XXX is over XXX compared to minimum qualifying of XXX. Qualifying DTI of XXX% is XXX% lower than guideline maximum. Buyer Comment (XXX): Seller accepts with no change in grading |
XXX | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | D | B | C | A | B | B | D | A | N/A | No | |||||||||
| XXX | XXX | 2025090491 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Statement | The file is missing the mortgage statement for this property. Please provide for review. | Reviewer Comment (XXX): Provided 1003 ,1008 and XXX documents , Exception Cleared Buyer Comment (XXX): Please see the attached for the updated 1003, 1008, AUS and property documentation. Client does not own this home, loan was in process with XXX but did not close. |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090528 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX Defect | XXX Revised Loan Estimate Timing Before Closing | XXX Integrated Disclosure: Revised Loan Estimate provided on XXX not received by borrower at least XXX (XXX) business days prior to closing. (Interim/XXX) | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (XXX): SitusAMC received proof of earlier electronic receipt Buyer Comment (XXX): Please be advised the XXX meets the mailbox rule and therefore meetings the timing requirements. Reviewer Comment (XXX): Provided documentation is missing identifying characteristics for the XXX and both XXX. Please confirm, based on response that the XXX and the first XXX were not provided to the borrower and provide identifying characteristics of the XXX for proper testing. Buyer Comment (XXX): please see attached |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | No Defined Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||
| XXX | XXX | 2025090528 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX Defect | XXX Revised Loan Estimate Timing Before Closing | XXX Integrated Disclosure: Revised Loan Estimate provided on XXX not received by borrower at least XXX (XXX) business days prior to closing. (Interim/XXX) | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (XXX): SitusAMC received proof of earlier electronic receipt Buyer Comment (XXX): Please be advised the XXX meets the mailbox rule and therefore meetings the timing requirements. Reviewer Comment (XXX): Provided documentation is missing identifying characteristics for the XXX and both XXX. Please confirm, based on response that the XXX and the first XXX were not provided to the borrower and provide identifying characteristics of the XXX for proper testing. Buyer Comment (XXX): please see attached |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | No Defined Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||
| XXX | XXX | 2025090528 | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | XXX Defect | XXX Revised Loan Estimate Timing Before Closing | XXX Integrated Disclosure: Revised Loan Estimate provided on XXX not received by borrower at least XXX (XXX) business days prior to closing. (Interim/XXX) | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (XXX): SitusAMC received proof of earlier electronic receipt Buyer Comment (XXX): Please see attached evidence the borrower viewed the XXX. Reviewer Comment (XXX): Provided documentation is missing identifying characteristics for the XXX and both XXX. Please confirm, based on response that the XXX and the first XXX were not provided to the borrower and provide identifying characteristics of the 11/1 LEs for proper testing. Buyer Comment (XXX): please see attached |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | No Defined Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||
| XXX | XXX | 2025090436 | XXX | XXX | XXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (XXX): Received and associated Final 1003 document. Exception cleared. Buyer Comment (XXX): See uploaded final XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXX | XXX | 2025090436 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Statement | Missing statements to verify XXX. | Reviewer Comment (XXX): Received and associated Closing Disclosure and First Payment Letter for XXX. Exception cleared. Buyer Comment (XXX): . Buyer Comment (XXX1): See Uploaded First Payment letter and Final CD for XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090436 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Statement | Mortgage statement was not provided. | Reviewer Comment (XXX): Received and associated Closing Disclosure and First Payment Letter for XXX. Exception cleared. Buyer Comment (XXX): . Buyer Comment (XXX): See Uploaded First Payment letter and Final CD for XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090436 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address:XXX, XXX, XXX Tax Verification | Missing Tax Verification | Reviewer Comment (XXX): Received and associated Tax verification for the property XXX, XXX. Exception cleared. Buyer Comment (XXX): See Uploaded Tax verification for XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||
| XXX | XXX | 2025090436 | XXX | XXX | XXX | Credit | Income / Employment | Income Documentation | Missing Document | XXX Documents are missing. | Address: XXX, XXX, XXX Tax Verification | Missing Tax Verification | Reviewer Comment (XXX): Received and associated Tax verification for the property at XXX, XXX. Exception cleared. Buyer Comment (XXX): See Uploaded Tax verification for XXX |
XXX | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | A | A | N/A | No | ||||||||