EXHIBIT 99.7
Clarifii rating agency grades detail report
| 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 | 913017 | XXXX | D | B | D | B | A | A | A | A | Closed | FCOM1352 | 2026-01-02 17:52 | 2026-01-06 16:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose & Occupancy Affidavit - Due Diligence Vendor-01/06/2026 Ready for Review-Document Uploaded. - Seller-01/02/2026 Open-The Business Purpose Affidavit Disclosure is Missing Occupancy cert in file, GL also requires Business Purpose Affidavit/Cert - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. - Seller-01/02/2026 |
Resolved-Received Business Purpose & Occupancy Affidavit - Due Diligence Vendor-01/06/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 777 Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.81 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6903264 | |
| XXXX | 913017 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1198 | 2026-01-02 11:27 | 2026-01-02 17:59 | 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. Deemed non-material due to less than 1 month short. - Due Diligence Vendor-01/02/2026 Open-Audited Reserves of 5.36 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-01/02/2026 |
Waived-Originator waiver applied to non material finding with comp factors. Deemed non-material due to less than 1 month short. - Due Diligence Vendor-01/02/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 777 Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.81 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | 6895677 | ||
| XXXX | 913503 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0184 | 2025-12-30 18:36 | 2026-01-05 15:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Received Cash out Letter. - Due Diligence Vendor-01/05/2026 Ready for Review-Document Uploaded. - Seller-12/31/2025 Open-Missing Cash-out Letter on a Business Purpose Loan. Missing letter from borrower for purpose of cash out. - Due Diligence Vendor-12/31/2025 |
Ready for Review-Document Uploaded. - Seller-12/31/2025 |
Resolved-Received Cash out Letter. - Due Diligence Vendor-01/05/2026 |
Months Reserves exceed minimum required - 69.35 months PITIA reserves; 6 months reserves required. LTV is less than guideline maximum - Required is 75 Borrower has 56.25 Long term residence - long term residence over 4 yrs. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6862569 | |
| XXXX | 926301 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2026-01-07 07:25 | 2026-01-07 15:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Client provided an updated matrix with the XXXX program - Due Diligence Vendor-01/07/2026 Ready for Review-Document Uploaded. The updated matrix for XXXX is attached. The max LTV is 80%. We will provide the updated matrix to XXXX to update the product limits. - Seller-01/07/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% N/A-Dup - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. The updated matrix for XXXX doc is attached. The max LTV is 80%. We will provide the updated matrix to XXXX to update the product limits. - Seller-01/07/2026 |
Resolved-Client provided an updated matrix with the XXXX program - Due Diligence Vendor-01/07/2026 |
Months Reserves exceed minimum required - 61.51 mths reserves; 9 mths required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6954991 | |
| XXXX | 926858 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1252 | 2026-01-07 11:58 | 2026-01-28 15:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Received Final Title with items removed. - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. Just uploaded new title insurance policy with only item as new mortgage - other items (#6, #7, #8, #9, #10) have been deleted. Thank you. Best, XXXX- Seller-01/26/2026 Counter-Received Title, Recorded Easement, and Supplement. CD did not reflect the outstanding liens 6,7,8,9,10 as paid. - Due Diligence Vendor-01/22/2026 Ready for Review-Document Uploaded. - Seller-01/20/2026 Open-Title Document is Incomplete. Missing copy of the Title Supplement reflecting number #6 #7 #8 #9 and #10 will be omitted. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Just uploaded new title insurance policy with only item as new mortgage - other items (#6, #7, #8, #9, #10) have been deleted. Thank you. Best, XXXX - Seller-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/20/2026 |
Resolved-Received Final Title with items removed. - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 691. Required is 660 Borrower has 691 LTV is less than guideline maximum - Required is 85. Borrower has 80. Required is 85 Borrower has 80 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6962536 | |
| XXXX | 926858 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3635 | 2026-01-05 12:21 | 2026-01-28 11:24 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved------Received COC for Recording fees. Finding Resolved. - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Counter------Received COC XXXX and CD XXXX for lock, Received COC XXXX and CD XXXX for increase in appraisal fee, Received CD XXXX with evidence of receipt. Provide COC for increase in recording fees. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. - Seller-01/20/2026 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% XXXX exceed the comparable charges XXXX 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 (Recording Fee) increased by XXXX 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 XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year; Expiration Date: XXXX. - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 Ready for Review-Document Uploaded. - Seller-01/20/2026 |
Resolved------Received COC for Recording fees. Finding Resolved. - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 691. Required is 660 Borrower has 691 LTV is less than guideline maximum - Required is 85. Borrower has 80. Required is 85 Borrower has 80 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6917177 | |
| XXXX | 927941 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||
| XXXX | 936501 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1199 | 2026-01-13 09:59 | 2026-01-20 17:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Resolved-Updated guidelines using the XXXX program. - Due Diligence Vendor-01/20/2026 Counter-Received Matrix. File submitted as XXXX which limits LTV to 70%. - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. please see attached - Seller-01/15/2026 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $1500000 Loan Amount greater than max allowable, no evidence of an exception on file. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. please see attached - Seller-01/15/2026 |
Resolved-Updated guidelines using the XXXX program. - Due Diligence Vendor-01/20/2026 |
Months Reserves exceed minimum required - Guidelines require 3 months reserves. The borrower has 13.38 months of reserves. LTV is less than guideline maximum - Required is 75 Borrower has 70 |
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 | 7061049 | |
| XXXX | 944179 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0044 | 2026-01-15 08:24 | 2026-01-23 15:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received credit inquiry LOE. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. - Seller-01/21/2026 Open-LOX for credit inquiries is missing. Missing Cred Inq LOX - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. - Seller-01/21/2026 |
Resolved-Received credit inquiry LOE. - Due Diligence Vendor-01/23/2026 |
Qualifying DTI below maximum allowed - DTI well below max allowable Required is 50 Borrower has 26.58 Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 800 Required is 660 Borrower has 800 LTV is less than guideline maximum - N/A Required is 85 Borrower has 66.88 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7107303 | |
| XXXX | 945530 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | |||||||||||||||||
| XXXX | 948304 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1334 | 2026-01-21 12:01 | 2026-01-23 16:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T/4506-C is Missing | Resolved-Received Executed 4506-T/4506-C - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 Open-Borrower 1 Executed 4506-T/4506-C is Missing - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. - Seller-01/22/2026 |
Resolved-Received Executed 4506-T/4506-C - Due Diligence Vendor-01/23/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 14.98 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7209522 | |
| XXXX | 950632 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||
| XXXX | 961739 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||
| XXXX | 963131 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||
| XXXX | 971554 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1193 | 2026-02-03 10:47 | 2026-02-06 09:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-After further review, property XX is paid by the borrower's business and reflected on the bank statements. - Due Diligence Vendor-02/06/2026 Open-Audited DTI of 55.45% exceeds Guideline DTI of 50% Lender did not factor REO XX monthly expense into DTI. Audit matches all other Lender figures on Final 1003 and 1008. - Due Diligence Vendor-02/03/2026 |
Resolved-After further review, property XX is paid by the borrower's business and reflected on the bank statements. - Due Diligence Vendor-02/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 713 | 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 | 7418674 | ||
| XXXX | 971554 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1506 | 2026-02-03 10:43 | 2026-02-06 09:55 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-After further review, property XX is paid by the borrower's business and reflected on the bank statements. - Due Diligence Vendor-02/06/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Status is pending due to DTI > 50%. Lender did not factor REO XX monthly expense into DTI. Audit matches all other Lender figures on Final 1003 and 1008. - Due Diligence Vendor-02/03/2026 |
Resolved-After further review, property XX is paid by the borrower's business and reflected on the bank statements. - Due Diligence Vendor-02/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 713 | 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 | 7418396 | ||
| XXXX | 971554 | XXXX | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2026-01-30 14:54 | 2026-01-30 14:54 | 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-01/30/2026 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 713 | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 7381271 | ||
| XXXX | 971798 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||
| XXXX | 974658 | XXXX | A | A | A | A | A | A | A | A | A | A | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||
| XXXX | 975008 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1334 | 2026-02-18 15:29 | 2026-02-25 08:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T/4506-C is Missing | Resolved-Borrower 1 Executed 4506-T/4506-C is Provided - Due Diligence Vendor-02/25/2026 Open-Borrower 1 Executed 4506-T/4506-C is Missing 4506-C’s in the file were not Signed/Dated by the Borrowers - Due Diligence Vendor-02/18/2026 |
Resolved-Borrower 1 Executed 4506-T/4506-C is Provided - Due Diligence Vendor-02/25/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 760 Months Reserves exceed minimum required - 4.77 months reserves; 3 months reserves required. Residual Income =/> 1.5 times $3,500 monthly residual income - Over $5K residual income. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7684584 | ||
| XXXX | 975008 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1364 | 2026-02-18 15:29 | 2026-02-25 08:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T/4506-C is Missing | Resolved-Borrower 2 Executed 4506-T/4506-C is Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-02/25/2026 Open-Borrower 2 Executed 4506-T/4506-C is Missing 4506-C’s in the file were not Signed/Dated by the Borrowers - Due Diligence Vendor-02/18/2026 |
Resolved-Borrower 2 Executed 4506-T/4506-C is Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-02/25/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 760 Months Reserves exceed minimum required - 4.77 months reserves; 3 months reserves required. Residual Income =/> 1.5 times $3,500 monthly residual income - Over $5K residual income. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7684585 |