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SitusAMC Customer Seller Investor Unique Loan Exception Exception Exception Exception Exception 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Applying Party Follow- Cleared Cured Date Waived Date Exception Fitch Fitch Note Property Occupancy Purpose Exception Originator TPR QM Is
Loan ID Loan ID Loan ID Loan Loan ID Exception ID Date Type Category Subcategory Factor up Comments Date Level Initial Final Date State Remediation QM ATR ATR Curable
Number ID Information Grade Exception Exception Status Status
Rating Rating
[redacted] [redacted] [redacted] [redacted] 627400001 35235839 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Hazard Insurance Coverage Amount is insufficient Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B TN Investment Purchase N/A N/A No
Analysis coverage amount is insufficient. more than [redacted] years. exception with XXX to regrade and waive 8:44:53 AM
Borrower has verified disposable income of at least comp. factors XXX
$[redacted] provided XXX Seller Comment (2026-02-06): [redacted] is
Borrower has worked in the same position for more than XXX unable to provide and agrees with exception.
[redacted] years.
Borrower's monthly reserves have been verified and Reviewer Comment (2026-02-03): Hazard
exceed the amount required based on the guidelines by insurance provided does not show the
at least [redacted] months. Replacement Cost Coverage.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and Seller Comment (2026-02-03): doc upload
$[redacted]
Seller Comment (2026-02-03): Haz ins attached
Reviewer Comment (2026-01-30): Please provide
replacement cost coverage document to cover
shortfall, Exception remains.
Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): Guidelinse state:
Policy meets the [redacted] family coverage
requirements of [redacted]% of the replacement
cost of the insurable improvements as
determined by the property insurer, OR the
combined unpaid principal balance of all loans
up to [redacted]% of the replacment most of
the insurable improvements as determined by
the property insurer. Policy is requirment
for [redacted]% is met.
[redacted] [redacted] [redacted] [redacted] 627400001 35235868 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Post Disaster Inspection report not provided after Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TN Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster End Date. cleared. 11:17:32 AM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400001 35235982 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Calculated investor qualifying total debt ratio of Borrower's monthly reserves have been verified and Approved XXX Reviewer Comment (2026-01-30): Approved 1/XX/2026 2 C B TN Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted]% exceeds Guideline total debt ratio of exceed the amount required based on the guidelines by exception with exception with comp. factors provided 2:29:34 PM
Guidelines [redacted]%. at least [redacted] months. comp. factors
Discrepancy provided Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): [redacted]
granted a DTI Exception
[redacted] [redacted] [redacted] [redacted] 627400001 35235986 Credit Income / Income Income / Verification(s) of employment is not within - The verification of employment is required and was not Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B TN Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. found in file. more than [redacted] years. exception with XXX to regrade and waive 8:45:08 AM
Borrower has verified disposable income of at least comp. factors XXX
$[redacted] provided XXX Seller Comment (2026-02-04): [redacted] is
Borrower has worked in the same position for more than XXX unable to provide and agrees with exception.
[redacted] years.
Borrower's monthly reserves have been verified and Seller Comment (2026-02-03): [redacted] is
exceed the amount required based on the guidelines by unable to provide and agrees with exception
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400001 35237307 Credit Income / Income Income / Income Docs Missing: - ___ File is missing the VVOE document for the Borrower. Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B TN Investment Purchase N/A N/A No
Employment Documentation Employment more than [redacted] years. exception with XXX to regrade and waive 8:45:19 AM
Borrower has verified disposable income of at least comp. factors XXX
$[redacted] provided XXX Seller Comment (2026-02-04): Duplicate
Borrower has worked in the same position for more than XXX
[redacted] years. Reviewer Comment (2026-02-03): Client agrees
Borrower's monthly reserves have been verified and with finding.
exceed the amount required based on the guidelines by
at least [redacted] months. Seller Comment (2026-02-03): [redacted] is
Borrowers made a down payment from their own funds on unable to provide and agrees with exception
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400001 35237310 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Calculated loan to value percentage of [redacted]% Borrower's monthly reserves have been verified and Approved XXX Reviewer Comment (2026-01-30): Approved 1/XX/2026 2 C B TN Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exceeds Guideline loan to value percentage of exceed the amount required based on the guidelines by exception with exception with comp. factors provided 2:28:19 PM
Eligibility Eligibility Eligibility [redacted]%. Lender Exception in file approving at least [redacted] months. comp. factors
[redacted]% LTV. provided Seller Comment (2026-01-28): [redacted]
granted a LTV exception, docs already uploaded
[redacted] [redacted] [redacted] [redacted] 627400001 35237311 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Calculated combined loan to value percentage of Borrower's monthly reserves have been verified and Approved XXX Reviewer Comment (2026-01-30): Approved 1/XX/2026 2 C B TN Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage [redacted]% exceeds Guideline combined loan to value exceed the amount required based on the guidelines by exception with exception with comp. factors provided 2:28:37 PM
Guidelines of ___. percentage of [redacted]%. Lender Exception in file at least [redacted] months. comp. factors
Discrepancy approving [redacted]% LTV. provided Seller Comment (2026-01-28): [redacted]
granted a LTV exception, docs already uploaded
[redacted] [redacted] [redacted] [redacted] 627400001 35237312 Credit Income / Income Income / Income documentation requirements not met. File is missing the VVOE document for the Borrower. Reviewer Comment (2026-02-12): Duplicate 2/XX/2026 1 C A TN Investment Purchase N/A N/A No
Employment Documentation Employment 7:17:23 PM
Seller Comment (2026-02-04): Duplicate
Reviewer Comment (2026-02-03): Client agrees
with finding.
Seller Comment (2026-02-03): [redacted] is
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400002 35262282 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Loan Designation discrepancy due to missing re- Reviewer Comment (2026-01-26): Updated the 1/XX/2026 1 C A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence verification of employment within [redacted] calendar date. 2:52:23 PM - provide updated
Loan Designation of ATR Risk. days of the note date. Rate/Term ATR/QM Loan
Seller Comment (2026-01-26): Verification Designation
attached, dated w/incorrect year [redacted],
but top of letter shows correct year
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400002 35262307 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:01:32 AM - Refund Provide
$[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. $[redacted]over legal limit. Rate/Term the Following:
[redacted]% or $[redacted]. $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400002 35262308 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount on LE but disclosed as $[redacted] on Final Closing 8:45:40 AM - Refund Provide
Points. Fee Amount of $[redacted] exceeds Disclosure. File does not contain a valid COC for this Rate/Term the Following:
tolerance of $[redacted]. $[redacted] over legal fee, nor evidence of cure in file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400002 35262314 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The most recent valuation inspection is dated prior to a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; FEMA disaster. Greater than 1 from third party review date 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400002 35281295 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-26): Updated the 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Employment Documentation Employment calendar days of the note date. date. 2:50:01 PM -
Rate/Term
Seller Comment (2026-01-26): doc upload
Seller Comment (2026-01-26): Verification
attached, dated w/incorrect year [redacted] ,
but top of letter shows correct year
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400002 35281373 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [redacted] due to missing re-verification of business Reviewer Comment (2026-01-26): Updated the 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of the note date. date. 2:50:42 PM -
asset doc requirements which could result in a risk Rate/Term
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-26): Verification
eligible to be regraded with compensating factors.) attached, dated w/incorrect year [redacted] ,
but top of letter shows correct year
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400002 35281419 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to missing re-verification of business Reviewer Comment (2026-01-26): Updated the 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the within [redacted] calendar days of the note date. date. 2:52:23 PM -
loan is at ATR risk. Rate/Term
Seller Comment (2026-01-26): Verification
attached, dated w/incorrect year [redacted],
but top of letter shows correct year
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400003 35217032 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400003 35217035 Credit Income / Income Missing REO Documents are missing. ___ Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 7:42:09 PM Home
Seller Comment (2026-02-03): [redacted] 1040
please see page [redacted] for schedule E
Seller Comment (2026-02-03): Please see
comment on page [redacted] as UW used
[redacted] schedule E tax return for tax, ins,
and HOA amounts on these properties
Reviewer Comment (2026-02-02): Tax and
insurance verification still remain missing
for the property at [redacted]. Condition
remains.
Reviewer Comment (2026-01-30): EXCEPTION
HISTORY - Exception Detail was updated on
[redacted] PRIOR Exception Detail: Address:
[redacted],, Address: [redacted], Address:
[redacted]
Reviewer Comment (2026-01-30): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation: HOA
Verification, Tax Verification
Insurance Verification, Tax Verification
Insurance Verification, Tax Verification
Seller Comment (2026-01-29): insurance
[redacted]
Seller Comment (2026-01-29): translated HOA
[redacted]
Seller Comment (2026-01-29): Letter of
explanation for HOA/insurance on [redacted]
property
Seller Comment (2026-01-29): International
credit report for annual taxes on [redacted]
property
[redacted] [redacted] [redacted] [redacted] 627400003 35217038 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): Provided. 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document 3:38:09 PM Home
Reviewer Comment (2026-01-30): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation:
Insurance Verification, Statement, Tax
Verification
Seller Comment (2026-01-29): HOA [redacted]
Seller Comment (2026-01-29): HOI [redacted]
Seller Comment (2026-01-29): annual taxes on
international credit report for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400003 35217762 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400003 35217769 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Adjustable Interest Rate Table: Final Closing Disclosure Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a Maximum Interest Rate 7:33:55 AM Home Explanation &
provided on [redacted] disclosed a Maximum Interest that does not match the actual maximum interest rate for Corrected
Rate that does not match the actual maximum the loan. Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400003 35217771 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing valid COC or sufficient lender credit. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for General Counsel 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted]. $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400003 35217774 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. foreign national also we have the WVOE which 1:23:52 PM Home
verify the employment, Exception cleared.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400003 35701190 Credit Income / Income Missing REO Documents are missing. - ___ Insurance Verification, Tax Verification, HOA Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Document Verification document are missing. cleared. 7:42:21 PM Home
Seller Comment (2026-02-03): please see
uploaded UW worksheet and 1040 to credit
exception [redacted]
UW used [redacted] 1040 schedule E for HOA,
insurance, and HOA on these
properties/[redacted] months
[redacted] [redacted] [redacted] [redacted] 627400004 35218796 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a A post-disaster inspection verifying there was no damage cleared. 11:20:28 AM
FEMA disaster. to the subject property is required.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400004 35218867 Credit Income / Income Missing REO Documents are missing. - [redacted] property .Insurance is missing. Reviewer Comment (2026-02-03): REO docs 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document provided, cleared. 2:14:17 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): HOI attached
[redacted] [redacted] [redacted] [redacted] 627400004 35218877 Credit Income / Income Missing REO Documents are missing. - [redacted] property Tax is missing. Reviewer Comment (2026-02-03): REO docs 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document provided, cleared. 2:14:24 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Taxes taken from
ICR
[redacted] [redacted] [redacted] [redacted] 627400004 35219017 Credit Loan Package Application / Missing Missing Document: Approval not provided Approval is missing in the loan file. Reviewer Comment (2026-02-03): Approval 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing Document provided, cleared. 2:01:52 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Approval attached
[redacted] [redacted] [redacted] [redacted] 627400004 35219780 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of Recording Fees. 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted]. $[redacted]over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400004 35219781 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Credit Report Re-Issue Fee. 8:45:40 AM Refund Provide
Re-Issue Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted]. $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400004 35219830 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Most recent [redacted] years signed and Dated Personal Reviewer Comment (2026-02-03): Provided, 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence Tax returns required cleared. 2:12:41 PM provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): attached
[redacted] [redacted] [redacted] [redacted] 627400004 35219831 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Most recent [redacted] years signed and Dated Personal Reviewer Comment (2026-02-03): Provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably Tax returns required cleared. 2:12:41 PM
reliable third-party records.
Seller Comment (2026-02-02): attached
[redacted] [redacted] [redacted] [redacted] 627400004 35219832 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Most recent [redacted] years signed and Dated Personal Reviewer Comment (2026-02-03): tax return 2/XX/2026 1 B A CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not Tax returns required provided, exception cleared. 2:15:30 PM
match the ATR payment calculation methods under
[redacted]. Seller Comment (2026-02-02): attached
[redacted] [redacted] [redacted] [redacted] 627400004 35219833 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Most recent [redacted] years signed and Dated Personal Reviewer Comment (2026-02-03): Provided, 2/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. Tax returns required cleared. 2:12:41 PM
[redacted] [redacted] [redacted] [redacted] 627400005 35232863 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-02-06): Doc provided 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Require a post-disaster inspection verifying there was and cleared 11:06:02 AM -
FEMA disaster. no damage to the subject property. Rate/Term
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400005 35232941 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Exception requested and approved for DTI of [redacted]% Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-16): regrade and 2/XX/2026 2 C B CA Primary Refinance Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. exceeds Guideline total debt ratio of [redacted]%. more than [redacted] years. XXX waive 2:42:04 PM -
Guidelines Borrower has worked in the same position for more than XXX Rate/Term
Discrepancy [redacted] years. XXX Reviewer Comment (2026-02-16): reopen
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by Reviewer Comment (2026-01-22): Client elects
at least [redacted] months. to waive and downgrade for DTI
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%. Seller Comment (2026-01-22): Per attached,
The representative FICO score exceeds the guideline Manager approved DTI @ [redacted]%.
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400005 35232942 Credit Income / Income Income / Income documentation requirements not met. Missing VOE within 30 days for self-employment income Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Employment Documentation Employment for the following businesses: [redacted], LLC, from testing 2:37:44 PM -
[redacted], LLC and [redacted], LLC. Rate/Term
Reviewer Comment (2026-02-12): Assigned to
buyer.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-04): [redacted] is
unable to provide and agrees with exception.
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35232960 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI Exception requested and approved for DTI of [redacted]% Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders exceeds Guideline total debt ratio of [redacted]%. more than [redacted] years. XXX from testing 2:43:04 PM -
Guidelines Guidelines and [redacted] of [redacted]% Borrower has worked in the same position for more than XXX Rate/Term
significantly exceeds the guideline maximum of [redacted] years. XXX Reviewer Comment (2026-02-16): reopen
[redacted]%. (DTI Exception requires compelling Borrower's monthly reserves have been verified and XXX
compensating factors to consider regrading to EV2- exceed the amount required based on the guidelines by Reviewer Comment (2026-01-22): Client elects
B.) at least [redacted] months. to downgrade and waive for DTI of [redacted]%
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%. Seller Comment (2026-01-22): See Loan
The representative FICO score exceeds the guideline Exception ID #[redacted].
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400005 35232988 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence income and the DTI exceeds the maximum allowed, causing from testing 2:38:49 PM - provide updated
Loan Designation of ATR Fail. the loan to waterfall through QM Testing, resulting in a Rate/Term ATR/QM status
Loan Designation discrepancy. Reviewer Comment (2026-02-12): Assigned to
buyer.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-04): [redacted] is
unable to provide and agrees with exception.
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35232989 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to most income. from testing 2:38:49 PM -
recent Tax Return end date is older than [redacted] Rate/Term
days before Closing Date, and one of these docs is Reviewer Comment (2026-02-12): Assigned to
required yet missing: Audited/Third Party P&L, CPA buyer.
Letter, or other Third Party Verification.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35232990 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Employment - S-Corp Test verify current S-Corp status due to most recent Tax income. from testing 2:38:49 PM -
Return end date is older than [redacted] days Rate/Term
before Closing Date, and one of these docs is Reviewer Comment (2026-02-12): Assigned to
required yet missing: Audited/Third Party P&L, CPA buyer.
Letter, or other Third Party Verification.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35232992 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or income and the DTI exceeds the maximum allowed, causing from testing 2:38:49 PM -
asset doc requirements which could result in a risk the loan to waterfall through QM Testing Rate/Term
to the borrower's ability to repay. (Exception is Reviewer Comment (2026-02-12): Assigned to
eligible to be regraded with compensating factors.) buyer.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35232993 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 A A CA Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. income and the DTI exceeds the maximum allowed, causing from testing 2:38:49 PM -
the loan to waterfall through QM Testing, resulting in a Rate/Term
Loan Designation discrepancy. Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400005 35232994 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points was disclosed on initial Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount estimate as $[redacted] but disclosed but final Closing 8:45:40 AM - Refund Provide
Points. Fee Amount of $[redacted] exceeds Disclosure $[redacted]. File does not contain a valid Rate/Term the Following:
tolerance of $[redacted]. $[redacted] over legal COC for this fee, nor evidence of cure is provided in Letter of
limit. Insufficient or no cure was provided to the file. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400005 35233091 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE within [redacted] days for self-employment Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the income and the DTI exceeds the maximum allowed, causing from testing 2:41:23 PM -
loan is at ATR risk. the loan to [redacted] through QM Testing Rate/Term
Reviewer Comment (2026-02-12): Assigned to
buyer.
Reviewer Comment (2026-02-06): Exception
remains. Client agrees with exception
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400005 35824390 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Reviewer Comment (2026-02-16): Client elected 2/XX/2026 1 A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence to regrade and waive DTI exception 2:44:37 PM - provide updated
Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400005 35824391 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-16): Client elected 2/XX/2026 2 B CA Primary Refinance Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than [redacted] years. XXX to regrade and waive 2:43:35 PM -
Guidelines Guidelines and [redacted] of [redacted]% moderately Borrower has worked in the same position for more than XXX Rate/Term
exceeds the guideline maximum of [redacted]%. (DTI [redacted] years. XXX
Exception is eligible to be regraded with Borrower's monthly reserves have been verified and XXX
compensating factors.) exceed the amount required based on the guidelines by
at least [redacted] months.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400006 35217515 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in FEMA disaster area. A Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400006 35231425 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Appraisal Management Fee of $[redacted] was included in Reviewer Comment (2026-01-14): Appraisal 1/XX/2026 1 B A FL Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on Finance Charge testing. management fee removed from testing 12:34:53 PM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400006 35231426 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Appraisal Management Fee of $[redacted]was included in Reviewer Comment (2026-01-14): Appraisal 1/XX/2026 1 B A FL Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on Finance Charge testing. management fee removed from testing 12:34:53 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400007 35221104 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The property is located in a FEMA disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Provide a post-disaster inspection verifying there was cleared. 11:30:20 AM Home
FEMA disaster. no damage. The inspection must include exterior photos,
and the property must be re-inspected on or after Buyer Comment (2026-02-06): BPO Porivded
[redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400007 35221294 Credit Income / Income Income / Verification(s) of employment is not within - Borrower's income WVOE is available in file, but it is Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] of the Note. not within [redacted] from note date. review, exception cleared. 1:06:43 PM Home
Seller Comment (2026-02-03): o Foreign
Borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400007 35222299 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments section [redacted]- one of these Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on occurred for the indicated paystream: The "Principal & 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and Interest" MIn or Max payment amount(s) do not mach the - Provide the
interest payment for payment stream [redacted] that calculated payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400007 35222300 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments section [redacted]- one of these Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on occurred for the indicated paystream: The "Principal & 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and Interest" MIn or Max payment amount(s) do not mach the - Provide the
interest payment for payment stream [redacted] that calculated payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400007 35222301 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments section [redacted]- one of these Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on occurred for the indicated paystream: The "Principal & 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and Interest" MIn or Max payment amount(s) do not mach the - Provide the
interest payment for payment stream [redacted] that calculated payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400007 35222302 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Amount of Estimated Property Costs over [redacted] of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance [redacted] Underdisclosed - [redacted] Disclosures: Amount of Estimated Property Costs on Final Closing Disclosure provided on [redacted] are 7:59:04 AM Home Explanation &
over [redacted] of on Final Closing Disclosure underdisclosed. Corrected
provided on [redacted] are underdisclosed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400007 35222303 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan "Escrow Account section [redacted] - one of the these Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on occurred: ""will have an escrow account"" box was 8:01:57 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan checked, yet there are no escrows collected in Other Corrected
will have an escrow account. Costs/section G. Initial Escrow Payment at Closing Closing
[redacted] Disclosure
[redacted] [redacted] [redacted] [redacted] 627400007 35222306 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan "Escrow Account section [redacted] - one of the these Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on occurred: ""will have an escrow account"" box was 8:03:43 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan checked, yet there are no escrows collected in Other Corrected
will have an escrow account. Costs/section G. Initial Escrow Payment at Closing Closing
[redacted] Disclosure
[redacted] [redacted] [redacted] [redacted] 627400007 35222307 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing No CD Issued less than [redacted] prior to closing and Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at received by the borrower less than [redacted] prior to 8:08:10 AM Home
[redacted] prior to closing. closing.
[redacted] [redacted] [redacted] [redacted] 627400008 35217307 Credit Guideline Guideline Guideline Aged document: Primary Valuation is older - Valuation effective date or Report date is more than Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-23): Approved 1/XX/2026 2 C B NY Primary Refinance Non QM Non QM No
Issue than guidelines permit [redacted] prior to the Note Date or Notary Date. more than [redacted] years. XXX appraisal age exception with comp factors 10:14:04 PM -
Missing Appraisal Update Form [redacted] Borrower has worked in the same position for more than XXX provided from origination. Rate/Term
[redacted] years. XXX
Borrower's monthly mortgage payment has decreased by at XXX Seller Comment (2026-01-23): see [redacted]
least [redacted]%. XXX manager approval to extens appraisal
Borrower's monthly reserves have been verified and XXX expiration date to [redacted]
exceed the amount required based on the guidelines by
at least [redacted] months.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400008 35217349 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Employment Documentation Employment provided, cleared 4:24:12 PM -
Rate/Term
Seller Comment (2026-02-04): [redacted] is
unable to provide and agrees with exception.
Seller Comment (2026-02-03): VVOE showing
active licence for [redacted]
Reviewer Comment (2026-01-23): Still missing
third party verification of
[redacted]business.
Reviewer Comment (2026-01-23): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation: Award
Letter / Continuance Letter, Balance Sheet,
Business License, K-1 [redacted], K-1
[redacted], P&L Statement
Seller Comment (2026-01-23): [redacted]
Seller Comment (2026-01-23): [redacted]
[redacted]
Seller Comment (2026-01-23): [redacted]
[redacted] with K-1 on pg [redacted]
[redacted] [redacted] [redacted] [redacted] 627400008 35217475 Compliance Compliance Federal TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program ARM loan program disclosure not provided to the borrower Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower within within [redacted] of application. 7:21:56 AM -
[redacted] of application. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400008 35217476 Compliance Compliance Federal TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Adjustable Rate Mortgages, C[redacted]Booklet, not 7:23:10 AM -
provided to the borrower within [redacted] of Rate/Term
application.
[redacted] [redacted] [redacted] [redacted] 627400008 35217478 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing 8:24:23 AM -
change in loan product and a complete Closing Disclosure was not received by borrower at least Rate/Term
Disclosure was not received by borrower at least [redacted] prior to consummation.
[redacted] prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400008 35217481 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided on [redacted] not Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by received by borrower at least f[redacted] prior to 8:43:19 AM -
borrower at least [redacted] prior to closing. closing. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400008 35217482 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify K-1 (Less than [redacted] Ownership) Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance and Assets - K-1 Less [redacted] verify K-1 (Less than [redacted] Ownership) income income using reasonably reliable third-party records. provided, cleared 4:22:57 PM -
using reasonably reliable third-party records. Rate/Term
Seller Comment (2026-02-03): VVOE showing
active licence for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400008 35217483 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Unable to verify current K-1 (Less than [redacted] Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Employment - K-1 Less [redacted] verify current K-1 (Less than [redacted] Ownership) Ownership) status using reasonably reliable third-party provided, cleared 4:22:57 PM -
status using reasonably reliable third-party records. Rate/Term
records. Seller Comment (2026-02-03): VVOE showing
active licence for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400008 35217493 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence exception will be cleared once all ATR specific provided, cleared. 4:22:57 PM - provide updated
Loan Designation of ATR Fail. exceptions have been cured/cleared. Rate/Term ATR/QM status
Seller Comment (2026-02-03): [redacted] ATR
printscreen
[redacted] [redacted] [redacted] [redacted] 627400008 35217506 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General This exception will be cleared once all ATR specific Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 A A NY Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. exceptions have been cured/cleared. provided, cleared 4:22:57 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400008 35217510 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Missing Audited/Third Party P&L, CPA Letter, or other Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Employment - S-Corp Test verify current S-Corp status due to missing Tax Third Party Verification. provided, cleared 4:22:57 PM -
Return/XX/Third Party P&L, CPA Letter, or other Rate/Term
Third Party Verification. Seller Comment (2026-02-03): VVOE showing
active licence for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400008 35217534 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the exception will be cleared once all ATR specific provided, cleared 4:24:58 PM -
loan is at ATR risk. exceptions have been cured/cleared. Rate/Term
Seller Comment (2026-02-03): [redacted] ATR
screenprint
[redacted] [redacted] [redacted] [redacted] 627400008 35217549 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Sufficent lender credit of [redacted] was provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Appraisal Fee. Fee Amount 8:45:40 AM - Refund Provide
of [redacted] exceeds tolerance of [redacted]. Rate/Term the Following:
[redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400008 35217592 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Missing valid COC or sufficient lender credit. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Loan Discount Points. Fee 8:45:40 AM - Refund Provide
Amount of [redacted] exceeds tolerance of Rate/Term the Following:
[redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400008 35726235 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Reviewer Comment (2026-02-04): Business lic 2/XX/2026 1 A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence provided, cleared 4:24:58 PM - provide updated
Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400009 35232590 Credit Income / Income Missing REO Documents are missing. - Loan file is missing Tax verification, Upon receipt of Reviewer Comment (2026-01-30): REO docs 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document the missing Tax verification, additional conditions may provided. 3:32:14 PM Home
apply.
Seller Comment (2026-01-29): balsa tax
[redacted] [redacted] [redacted] [redacted] 627400009 35232996 Compliance Compliance Federal TRID Defect TRID T[redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Task Completed fee violation due to an increase in Title Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of settlemt and Title Endorsement fees.. No valid COC was 10:06:37 AM Home Refund Provide
Task Completed exceeds tolerance of Task Completed provided for this change, nor evidence of cure. Provide the Following:
plus Task Completed or Task Completed. $[redacted] a post close CD disclosing the tolerance violation of Letter of
over legal limit. Insufficient or no cure was Task Completed a copy of the refund check, proof of Explanation,
provided to the borrower. delivery, and a copy of the LOE to the borrower Proof of
disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400009 35232997 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] [redacted] Fee Tolerance exceeded for Property Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Percent Fee Tolerance exceeded for Property Inspection fee amount of [redacted] exceeds tolerance of 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of [redacted] exceeds [redacted]. [redacted] over legal limit. Insufficient the Following:
tolerance of [redacted]. [redacted] over legal or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400009 35233035 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Amount Final Closing Disclosure provided on [redacted] increasing payment disclosed the maximum possible amount 7:51:46 AM Home Explanation &
with an increasing payment disclosed the maximum of principal and interest that does not match the actual Corrected
possible amount of principal and interest that does maximum amount for the loan Closing
not match the actual maximum amount for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400009 35233036 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Amount In Year Final Closing Disclosure provided on [redacted] increasing payment disclosed the maximum possible amount 7:52:17 AM Home Explanation &
with an increasing payment disclosed the earliest of principal and interest that does not match the actual Corrected
date of the maximum possible amount of principal maximum amount for the loan Closing
and interest that does not match the actual Disclosure
earliest date for the loan.
[redacted] [redacted] [redacted] [redacted] 627400009 35233037 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream match the actual maximum payment for the loan. following:
[redacted]that does not match the actual maximum Letter of
payment for the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400009 35233038 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream match the actual maximum payment for the loan. following:
[redacted]that does not match the actual maximum Letter of
payment for the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400009 35233039 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400009 35233047 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Loan designation waterfall exception due to missing Reviewer Comment (2026-01-30): VOE provided. 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence [redacted] VVOE 3:36:12 PM Home provide updated
Loan Designation of ATR Fail. Seller Comment (2026-01-29): o Foreign ATR/QM status
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400009 35233072 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted] exception due to missing [redacted] VVOE Reviewer Comment (2026-01-30): VOE provided. 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using 3:32:01 PM Home
reasonably reliable third-party records. Seller Comment (2026-01-29): no w2s - foreign
inome
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400009 35233073 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to [redacted] exception due to missing [redacted] VVOE Reviewer Comment (2026-01-30): VOE provided. 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Wages verify income due to, WVOE provided was dated more 3:36:12 PM Home
than [redacted] prior to closing. Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400009 35233121 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] exception due to missing [redacted] VVOE Reviewer Comment (2026-01-27): OK for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the [redacted] per guides 10:27:40 AM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400009 35235404 Credit Income / Income Income / Verification(s) of employment is not within - VVO not within [redacted] of note. Reviewer Comment (2026-01-14): resetting for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] of the Note. business days 12:44:26 PM Home
[redacted] [redacted] [redacted] [redacted] 627400009 35236135 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [redacted] due to missing [redacted] bank statement as Reviewer Comment (2026-01-27): OK for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or required by guideline [redacted] per guides 10:26:57 AM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400009 35236177 Credit Asset Asset Asset Asset documentation requirements not met. [redacted] due to missing [redacted] bank statement as Reviewer Comment (2026-01-27): OK for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation required by guideline [redacted] per guides 10:26:04 AM Home
[redacted] [redacted] [redacted] [redacted] 627400009 35236287 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted] exception due to missing [redacted] VVOE Reviewer Comment (2026-01-30): VOE provided. 1/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 3:36:12 PM Home
[redacted] [redacted] [redacted] [redacted] 627400009 35479482 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] of Note Reviewer Comment (2026-01-27): OK for 1/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. [redacted] per guides 10:25:40 AM Home
[redacted] [redacted] [redacted] [redacted] 627400010 35239096 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; FEMA disaster end date [redacted], a property inspection Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; with photos was not provided after the disaster end Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400010 35240133 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Loan designation discrepancy due to missing verbal Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence verification of employment within [redacted] of the note 11:33:29 AM provide updated
Loan Designation of ATR Fail. date. Seller Comment (2026-01-26): VOEs uploaded ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400010 35240135 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to missing verbal verification of Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using employment within [redacted] of the note date. 11:33:29 AM
reasonably reliable third-party records. Seller Comment (2026-01-26): VOEs uploaded
[redacted] [redacted] [redacted] [redacted] 627400010 35240136 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted] due to missing verbal verification of Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. employment within [redacted] of the note date. 11:33:29 AM
[redacted] [redacted] [redacted] [redacted] 627400010 35240199 Credit Income / Income Income / The verification of employment is required - Verbal verification of employment was not provided Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. within [redacted] of the Note. 11:31:05 AM
Seller Comment (2026-01-26): duplicate citing
[redacted] [redacted] [redacted] [redacted] 627400010 35241123 Credit Income / Income Missing REO Documents are missing. - Mortgage statement was not provided for REO [redacted] Reviewer Comment (2026-01-27): Mortgage 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Document statement provided, cleared. 2:23:39 PM
Seller Comment (2026-01-26): mtg stmnt
[redacted] [redacted] [redacted] [redacted] 627400010 35241271 Credit Income / Income Income / Income documentation requirements not met. Verbal verification of employment was not provided Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment within [redacted] of the note date. 11:31:05 AM
Seller Comment (2026-01-26): duplicate
[redacted] [redacted] [redacted] [redacted] 627400010 35241272 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment was not provided Reviewer Comment (2026-01-14): Setting for 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. within [redacted] days of the note date. business days 12:46:57 PM
[redacted] [redacted] [redacted] [redacted] 627400010 35241278 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [redacted] due to missing verbal verification of Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or employment within [redacted] days of the note date. 11:33:29 AM
asset doc requirements which could result in a risk Seller Comment (2026-01-26): duplicate
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400010 35241284 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to missing verbal verification of Reviewer Comment (2026-01-27): Mortgage 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the employment within [redacted] days of the note date. statement provided, cleared. 2:27:38 PM
loan is at ATR risk.
Seller Comment (2026-01-26): duplicate
[redacted] [redacted] [redacted] [redacted] 627400010 35479493 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within Reviewer Comment (2026-01-26): Vvoe provided. 1/XX/2026 1 A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted]business days of the Note. 11:31:05 AM
Seller Comment (2026-01-26): duplicate
[redacted] [redacted] [redacted] [redacted] 627400010 35626451 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Reviewer Comment (2026-01-27): Mortgage 1/XX/2026 1 A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence statement provided, cleared. 2:27:38 PM provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400011 35217249 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan [redacted] due to most recent signed and dated 1040s and Reviewer Comment (2026-02-06): After further 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence audited P&L statement missing in loan file. review, exception cleared. 11:40:44 AM Home - Cash-out provide updated
Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-02-06): No [redacted] Tax
Returns
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): CPA Letter
attached
[redacted] [redacted] [redacted] [redacted] 627400011 35217250 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Most recent signed and dated 1040s and Audited P&L Reviewer Comment (2026-02-06): After further 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably statement missing in loan file. review, exception cleared. 11:40:44 AM Home - Cash-out
reliable third-party records. - Other
Seller Comment (2026-02-06): No [redacted] tax
returns
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): CPA Letter
attached
[redacted] [redacted] [redacted] [redacted] 627400011 35217252 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Recording Fee increased to $[redacted] without a valid Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of change of circumstance. Insufficient or no cure was 10:06:37 AM Home - Cash-out Refund Provide
$[redacted] exceeds tolerance of [redacted] over provided to the borrower. - Other the Following:
legal limit. Insufficient or no cure was provided Letter of
to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400011 35217253 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points Fee increased to $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount without a valid change of circumstance. Insufficient or 8:45:40 AM Home - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds no cure was provided to the borrower. - Other the Following:
tolerance of [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400011 35217256 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Waterfall due to most recent signed and dated 1040s and Reviewer Comment (2026-02-06): After further 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. Audited P&L statement missing in loan file. review, exception cleared. 11:40:44 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400013 35238490 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided [redacted], after the Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing date the initial Closing Disclosure was provided removed from testing per attestation. 8:39:31 PM Home
and Received Date Disclosure was provided. (The Revised Loan Estimate ([redacted]).
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400013 35238500 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation discrepancy due to file Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence missing 1120 and third-party verification for C-Corp, [redacted] guidelines. 2:20:48 PM Home provide updated
Loan Designation of ATR Fail. and CPA letter and currency converter for Sole ATR/QM status
proprietorship. Seller Comment (2026-02-02): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400013 35238501 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to file missing 1120 and third-party Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - C Corporation 1120 verify C Corp income using reasonably reliable verification for C-Corp, and CPA letter and currency [redacted] guidelines. 2:20:48 PM Home
third-party records. converter for Sole proprietorship.
Seller Comment (2026-02-02): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400013 35238502 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to file missing 1120 and third-party Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably verification for C-Corp, and CPA letter and currency [redacted] guidelines. 2:20:48 PM Home
reliable third-party records. converter for Sole proprietorship.
Seller Comment (2026-02-02): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400013 35238503 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted] due to file missing 1120 and third-party Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. verification for C-Corp, and CPA letter and currency [redacted] guidelines. 2:20:48 PM Home
converter for Sole proprietorship.
[redacted] [redacted] [redacted] [redacted] 627400013 35238504 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit report fee increased from [redacted] without a Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report valid change of circumstance nor evidence of cure 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance provided. the Following:
of [redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400013 35238508 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The most recent valuation inspection is dated prior to a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; FEMA disaster. Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400013 35238532 Credit Income / Income Income / Income Docs Missing: - ___ Missing currency conversion used for income calcs. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-09): Client elected 2/XX/2026 2 C B FL Second Purchase Non QM Non QM No
Employment Documentation Employment more than [redacted] years. XXX to regrade and waive 8:19:37 PM Home
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Seller Comment (2026-02-04): [redacted] is
Borrower's monthly reserves have been verified and XXX unable to provide and agrees with exception
exceed the amount required based on the guidelines by
at least [redacted] months. Reviewer Comment (2026-02-03): Still missing
Borrowers made a down payment from their own funds on currency conversion.
this purchase transaction of at least [redacted]% and
$[redacted] Reviewer Comment (2026-02-03): EXCEPTION
The qualifying DTI on the loan is at least [redacted]% HISTORY - Exception Explanation was updated on
less than the guideline maximum. [redacted] PRIOR Exception Explanation:
[redacted] ([redacted]), [redacted]
([redacted]), CPA Letter, Currency Conveter,
Third Party Verification
Seller Comment (2026-02-02): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400013 35238539 Credit Hazard Insufficient Hazard The Hazard Insurance Policy Effective Date Hazard Insurance Policy Effective Date of [redacted] was Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Insurance Coverage Insurance is after closing. after Disbursement Date of [redacted]. cleared. 2:23:07 PM Home
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Date of Policy is
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400013 35238582 Credit Income / Income Missing REO Documents are missing. - ___ Tax verification was not provided for [redacted]. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document [redacted] guidelines. 2:09:38 PM Home
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Taxes taken from
ICR
[redacted] [redacted] [redacted] [redacted] 627400013 35238623 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to file missing 1120 and third-party Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the verification for C-Corp, and CPA letter and currency to regrade and waive 8:22:06 PM Home
loan is at ATR risk. converter for Sole proprietorship.
Seller Comment (2026-02-04): [redacted] is
unable to provide and agrees with exception
Reviewer Comment (2026-02-03): Still missing
currency conversion.
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400013 35246846 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing currency conversion used for income calcs. Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or to regrade and waive 8:21:27 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-04): [redacted] is
eligible to be regraded with compensating factors.) unable to provide and agrees with exception
Reviewer Comment (2026-02-03): Still missing
currency conversion.
Seller Comment (2026-02-02): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400013 35246852 Credit Income / Income Income / Income documentation requirements not met. Missing currency conversion used for income calcs. Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment to regrade and waive 8:20:50 PM Home
Seller Comment (2026-02-04): [redacted] is
unable to provide and agrees with exception
Reviewer Comment (2026-02-03): Still missing
currency conversion.
Seller Comment (2026-02-02): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400013 35712424 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Missing currency conversion used for income calcs. Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence to regrade and waive 8:22:06 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-02-04): [redacted] is Designation
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400014 35233549 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 10:34:45 PM Home
Seller Comment (2026-01-15): Uploaded
International credit report containing
property taxes.
Reviewer Comment (2026-01-15): Exception
remains. Please provide tax verification doc
Seller Comment (2026-01-14): LOX from borrower
indicate no HOI or HOA, property tax amount
provided on IC
[redacted] [redacted] [redacted] [redacted] 627400014 35241341 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% fee violation due to an increase in the Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of Recording fee(s). No valid COC was provided for this 10:06:37 AM Home Refund Provide
$[redacted]exceeds tolerance of [redacted] over change, nor evidence of cure. Provide a post close CD the Following:
legal limit. Insufficient or no cure was provided disclosing the tolerance violation of $[redacted], a Letter of
to the borrower. copy of the refund check, proof of delivery, and a copy Explanation,
of the LOE to the borrower disclosing the changes made. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400014 35241342 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] City/XX/ Stamps Fee was last disclosed as $[redacted] on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. the Loan Estimate, but was disclosed as $[redacted] on 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Final Closing Disclosure. No valid COC was provided the Following:
[redacted] over legal limit. Insufficient or no for this change, nor evidence of cure. Provide a post Letter of
cure was provided to the borrower. close CD disclosing the tolerance violation, a copy of Explanation,
the refund check, proof of delivery, and a copy of the Proof of
LOE to the borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400014 35241349 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-29): [redacted] 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. allows VOE for FNs to be valid up to 4:58:20 PM Home
[redacted] days prior, cleared.
Reviewer Comment (2026-01-16): Exception
remains, guide requires salaried borrowers
employment be verified within [redacted]
business days of note.
Seller Comment (2026-01-16): Foreign
verification of income/employment is valid for
[redacted] days and was obtained in [redacted]
(loan closed [redacted]). [redacted] Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment only is obtained.
Reviewer Comment (2026-01-15): Exception
remains. Per guides, employment for salaried
borrowers must be re-verified within
[redacted] days prior to closing
Seller Comment (2026-01-14): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400015 35232926 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-02-04): Provided 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing Document Approval 2:40:54 PM Home
Seller Comment (2026-02-04): Underwriting Loan
Approval
[redacted] [redacted] [redacted] [redacted] 627400015 35233158 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-02-04): Provided and 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
documented in file. cleared. 5:32:41 PM Home
Seller Comment (2026-02-04): Screenshot of
[redacted] Rate Lock date and expiration;
Change of Circumstance e-Signed package with
Loan Estimate showing rate lock expiration
date;
[redacted] [redacted] [redacted] [redacted] 627400015 35233166 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-02-04): Provided and 2/XX/2026 1 B A CA Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor cleared. 5:32:31 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400015 35233171 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure [redacted] TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided disclosed a Minimum Reviewer Comment (2026-02-04): After further 2/XX/2026 1 B A CA Second Purchase Letter of Non QM Non QM Yes
Compliance Table Minimum Interest Rate Interest Rate Table: Final Closing Disclosure Interest Rate that does not match the actual minimum review, exception cleared. 5:35:02 PM Home Explanation &
provided on [redacted] disclosed a Minimum Interest interest rate for the loan. Corrected
Rate that does not match the actual minimum Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400015 35233172 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided disclosed a periodic Reviewer Comment (2026-02-04): After further 2/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on principal and interest payment for payment stream review, exception cleared. 5:35:02 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and [redacted] that does not match the actual payment for - Provide the
interest payment for payment stream [redacted] that the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400015 35233173 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided disclosed a periodic Reviewer Comment (2026-02-04): After further 2/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on principal and interest payment for payment stream review, exception cleared. 5:35:02 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and [redacted] that does not match the actual payment for - Provide the
interest payment for payment stream [redacted] that the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400015 35233174 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least least[redacted]business days prior to closing. 8:08:10 AM Home
[redacted] business days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400015 35233176 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Re-Inspection Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of [redacted] over legal limit. Insufficient the Following:
tolerance of [redacted]over legal limit. or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400015 35233177 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Transfer Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. Tax. Fee Amount of $[redacted]exceeds tolerance of 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of [redacted]over legal limit. Insufficient or no cure was the Following:
[redacted] over legal limit. Insufficient or no provided to the borrower Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400015 35233189 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Discrepancy / discrepancy. review, exception cleared. 5:29:44 PM Home
Guidelines
Discrepancy Seller Comment (2026-02-04): Closing
Disclosure showing funds required for Closing
- Closing Date [redacted]
Seller Comment (2026-02-04): Summary of Funds
and Reserves:
The Closing Disclosure dated [redacted]
indicates required closing funds of
$[redacted].
Required reserves, calculated as PITIA at
$[redacted] per month for [redacted] months,
total $[redacted].
Verified assets amount to $[redacted],
comprising $[redacted] and $[redacted].
After deducting closing funds and reserves,
the remaining available funds are $[redacted].
Seller Comment (2026-02-04): Incorrect
Comments for this exception
Seller Comment (2026-02-04): Screenshot of
[redacted] Rate Lock date and expiration;
Change of Circumstance e-Signed package with
Loan Estimate showing rate lock expiration
date;
[redacted] [redacted] [redacted] [redacted] 627400015 35233190 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] exception due to missing [redacted] day VVOE Reviewer Comment (2026-02-04): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] guidelines 5:20:25 PM Home
Seller Comment (2026-02-04): Borrower,
[redacted]He: Foreign borrowers with income
outside of the [redacted] will not have a VOE,
per product guidelines a written verification
of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400015 35233210 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan [redacted] exception due to missing [redacted] day VVOE Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence and insufficient assets/reserves. review, exception cleared.. 5:32:31 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400015 35233212 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] exception due to missing [redacted] day VVOE Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the and insufficient assets/reserves. review, exception cleared. 5:32:31 PM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400017 35232539 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 1:18:34 PM Home
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400017 35232791 Credit Asset Asset Asset Available for Closing is insufficient to 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Calculation / cover Cash From Borrower. 5:00:25 PM Home
Analysis
[redacted] [redacted] [redacted] [redacted] 627400017 35233112 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General 1/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 12:11:21 PM Home
[redacted] [redacted] [redacted] [redacted] 627400017 35233132 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted]exceeds tolerance the Following:
of [redacted]over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400017 35233195 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 4:40:47 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400017 35233202 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Discrepancy / discrepancy. 5:00:42 PM Home
Guidelines
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400017 35233228 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably 12:11:21 PM Home
reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400017 35233379 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the 5:14:30 PM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400017 35236151 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Borrower has been employed in the same industry for XXX 1/XX/2026 2 C B CA Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. more than 5 years. XXX 5:07:35 PM Home
Guidelines Borrower has verified disposable income of at least XXX
Discrepancy $2500.00. XXX
Borrower has worked in the same position for more than XXX
3 years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
[redacted] [redacted] [redacted] [redacted] 627400017 35236255 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI Borrower has been employed in the same industry for XXX 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders more than 5 years. XXX 4:43:21 PM Home
Guidelines Guidelines and [redacted] of [redacted] % Borrower has verified disposable income of at least XXX
significantly exceeds the guideline maximum of $2500.00. XXX
[redacted] %. (DTI Exception requires compelling Borrower has worked in the same position for more than XXX
compensating factors to consider regrading to EV2- 3 years.
B.) Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
[redacted] [redacted] [redacted] [redacted] 627400017 35237974 Credit Missing General Missing Missing Document: Account Statements - 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Document Document Personal not provided 5:05:39 PM Home
[redacted] [redacted] [redacted] [redacted] 627400017 35237989 Credit Asset Asset Asset Asset documentation requirements not met. 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation 5:02:23 PM Home
[redacted] [redacted] [redacted] [redacted] 627400017 35237998 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or 5:13:42 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400017 35680745 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan 1/XX/2026 1 A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 6:05:53 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400017 35906001 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI Borrower has been employed in the same industry for XXX 2/XX/2026 2 B CA Second Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than 5 years. XXX 4:43:42 PM Home
Guidelines Guidelines and[redacted] % moderately exceeds the Borrower has verified disposable income of at least XXX
guideline maximum of [redacted] %. (DTI Exception $2500.00. XXX
is eligible to be regraded with compensating Borrower has worked in the same position for more than XXX
factors.) 3 years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
[redacted] [redacted] [redacted] [redacted] 627400019 35234672 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400019 35234701 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400019 35234702 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on 7:52:45 AM Explanation,
[redacted] disclosed a Product that does not match Re-Disclose
the actual product for the loan. Additional AIR/AP Correct
table failures could apply for loans with an Information
adjustable rate or adjustable payment with
incorrect Product disclosure.
[redacted] [redacted] [redacted] [redacted] 627400019 35234703 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] business 8:12:23 AM
days of application. Initial Loan Estimate dated
[redacted] was electronically provided without or
prior to borrower's consent to receive electronic
disclosures. Failure to comply with the provisions
of the E-Sign Act and failure to provide good faith
estimate of fees timely may result in additional
fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400019 35234704 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a removed from testing per attestation. 3:59:57 PM
change in APR and a complete Closing Disclosure was
not received by borrower at least [redacted]
business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400019 35234705 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 8:24:23 AM
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted] business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400019 35234709 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure Issue Date Not Provided Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on[redacted] removed from testing per attestation. 3:59:57 PM Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400019 35234710 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. 8:08:10 AM
[redacted] business days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400019 35234711 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . $[redacted] over legal the Following:
[redacted] % or $[redacted] . $[redacted] over limit. Insufficient or no cure was provided to the Letter of
legal limit. Insufficient or no cure was provided borrower. Explanation,
to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400019 35234712 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . $[redacted] over legal limit. the Following:
tolerance of $[redacted] . $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400020 35232581 Credit Income / Income Income / The verification of employment is required - Missing Verification of Employment within [redacted] Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B NY Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. days of closing. $[redacted] XXX to regrade and waive 8:46:28 AM - Cash-out
Borrower's monthly reserves have been verified and XXX - Other
exceed the amount required based on the guidelines by XXX Seller Comment (2026-02-02): [redacted] is
at least [redacted] months. XXX unable to provide and agrees with exception.
The Combined Loan to Value (CLTV) on the loan is less XXX
than the guideline maximum by at least [redacted]%. XXX
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400020 35232582 Credit Income / Income Income / Verification(s) of employment is not within - Missing Verification of Employment within [redacted] Reviewer Comment (2026-02-09): Duplicate 2/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. days of closing. 9:52:31 AM - Cash-out
Seller Comment (2026-02-04): Duplicate - Other
Seller Comment (2026-02-02): [redacted]is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400020 35237219 Credit Income / Income Income / Income documentation requirements not met. Missing Verification of Employment within [redacted] Reviewer Comment (2026-02-12): Duplicate, 2/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment days of closing. cleared 7:19:00 PM - Cash-out
- Other
Seller Comment (2026-02-04): Duplicate
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400022 35240501 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is missing Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A VA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 7:31:12 AM Home
[redacted] [redacted] [redacted] [redacted] 627400022 35240594 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A VA Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:01:16 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information (Initial/[redacted] )
available.
[redacted] [redacted] [redacted] [redacted] 627400022 35240595 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Escrow Account TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Second Purchase Letter of Non QM Non QM Yes
Compliance Disclosures: Final Closing Disclosure provided on disclose whether the loan will have an escrow account. 7:36:50 AM Home Explanation &
[redacted] did not disclose whether the loan will Corrected
have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400022 35240596 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure. File does not contain a valid Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on COC for this fee, nor evidence of cure in file. 8:01:57 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400022 35240597 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Final Closing Disclosure. File does not contain a valid Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A VA Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a COC for this fee, nor evidence of cure in file. removed from testing per attestation. 4:06:48 PM Home
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted] business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400022 35240598 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Final Closing Disclosure. File does not contain a valid Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of COC for this fee, nor evidence of cure in file. 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted] % or $[redacted] . $[redacted] over Letter of
legal limit. Insufficient or no cure was provided Explanation,
to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400022 35240599 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Final Closing Disclosure. File does not contain a valid Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B VA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount COC for this fee, nor evidence of cure in file. 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] . $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400022 35486109 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 A VA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 4:25:40 PM Home
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400023 35220611 Credit Asset Asset Asset Available for Closing is insufficient to Missing evidence of $[redacted] pension liquidation. Reviewer Comment (2026-02-02): Bank statement 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Calculation / cover Cash From Borrower. provided, cleared. 1:30:08 PM
Analysis
Seller Comment (2026-01-30): doc attached
Seller Comment (2026-01-30): Missing
[redacted] #[redacted] $[redacted] which shows
the borrower has suffient funds to close.
Statements attached.
[redacted] [redacted] [redacted] [redacted] 627400023 35220765 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): REO 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Document verifications provided, cleared. 1:34:50 PM
Seller Comment (2026-01-29): doc upload
Seller Comment (2026-01-29): Taxes taken from
[redacted]and HOA attached, no HOI
[redacted] [redacted] [redacted] [redacted] 627400023 35220850 Compliance Compliance Federal TRID TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reviewer Comment (2025-12-12): Sufficient Cure 12/XX/2025 1 A A NY Primary Purchase Final CD Non QM Non QM Yes
Compliance With Sufficient Cure Provided At Closing Percent Fee Tolerance exceeded. Total amount of Provided At Closing 11:47:14 AM evidences Cure
$[redacted] exceeds tolerance of $[redacted] plus
[redacted] % or $[redacted] . Sufficient or excess
cure was provided to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400023 35220892 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Missing evidence of $[redacted] pension liquidation. Reviewer Comment (2026-02-02): Bank statement 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Discrepancy / discrepancy. provided, cleared. 1:36:06 PM
Guidelines
Discrepancy Seller Comment (2026-01-30): Missing
[redacted] #[redacted] $[redacted] which shows
the borrower has suffient funds to close.
Statements attached.
[redacted] [redacted] [redacted] [redacted] 627400023 35220908 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Reviewer Comment (2026-02-09): Asset removed, 2/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence exceptions cleared 9:58:50 AM provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-02-03): [redacted] is Designation
unable to provide and agrees with exception.
Reviewer Comment (2026-02-02): [redacted] bank
statements over [redacted] days old at closing
Seller Comment (2026-01-30): Missing
[redacted] #[redacted] $[redacted] which shows
the borrower has suffient funds to close.
Statements attached.
[redacted] [redacted] [redacted] [redacted] 627400023 35220912 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] bank statements Acct# [redacted] over Reviewer Comment (2026-02-09): Asset removed, 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the [redacted] days old at closing exceptions cleared 9:58:50 AM
loan is at ATR risk.
Seller Comment (2026-02-03): [redacted] is
unable to provide and agrees with exception.
Reviewer Comment (2026-02-02): [redacted] bank
statements Acct# [redacted] over [redacted]
days old at closing
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
Seller Comment (2026-01-30): Missing
[redacted] #[redacted] $[redacted] which shows
the borrower has suffient funds to close.
Statements attached.
[redacted] [redacted] [redacted] [redacted] 627400023 35230499 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 2:30:31 PM
[redacted] [redacted] [redacted] [redacted] 627400023 35230507 Credit Guideline Guideline Guideline Aged document: Asset Account date is more - [redacted] bank statements over [redacted] days old at Reviewer Comment (2026-02-09): Asset removed, 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Issue than [redacted] days prior to Closing. closing. exceptions cleared 9:58:01 AM
Seller Comment (2026-02-03): [redacted] is
unable to provide and agrees with exception.
Reviewer Comment (2026-02-02): [redacted] bank
statements Acct# [redacted] over [redacted]
days old at closing
[redacted] [redacted] [redacted] [redacted] 627400023 35480024 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-02-02): After further 2/XX/2026 1 A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. review, exception cleared. 1:41:25 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400024 35228412 Credit Asset Asset Asset Guideline Issue:Insufficient asset - [redacted] recent consecutive months bank statement from Reviewer Comment (2026-02-02): Bank statement 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation documentation. note date (or recent quarter) required for assets provided, cleared. 2:08:03 PM Home
consideration.
Seller Comment (2026-01-29): [redacted] is a
new acct, funded by [redacted] , attached and
refund of prev property emd also attached
Seller Comment (2026-01-29): [redacted] is a
new acct, funded by [redacted], attached and
refund of prev property emd also attached
[redacted] [redacted] [redacted] [redacted] 627400024 35228519 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-02-02): REO 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document verification provided, cleared. 2:10:01 PM Home
Seller Comment (2026-01-29): tax upload
[redacted] [redacted] [redacted] [redacted] 627400024 35228713 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment is required within Reviewer Comment (2026-01-30): Borrower is 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] business days from the note date. foreign national also we have the WVOE in file 1:20:20 PM Home
which verify the employment, Exception
cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400024 35228951 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on[redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure disclosed a Maximum Interest Rate that does not match 7:33:55 AM Home Explanation &
provided on [redacted] disclosed a Maximum the actual maximum interest rate for the loan. Corrected
Interest Rate that does not match the actual Closing
maximum interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400024 35228952 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure is required to be provided within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted]business days of the closing date. 8:08:10 AM Home
[redacted] business days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400025 35219638 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; [redacted]used for review, property inspection report Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; required per guidelines. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400025 35219749 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted]Percent The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final [redacted] Percent Fee Tolerance exceeded for Lender 8:30:31 AM Refund Provide
Lender Credit of $[redacted]exceeds tolerance of $- Credits. Final Lender Credit of $[redacted]exceeds the Following:
[redacted]. Insufficient or no cure was provided to tolerance of $-[redacted]. Insufficient or no cure was Letter of
the borrower. provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400025 35219750 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. [redacted]Percent Fee Tolerance exceeded for Loan 8:45:40 AM Refund Provide
Fee Amount of $[redacted]exceeds tolerance of Discount Points. Fee Amount of $[redacted]exceeds the Following:
$[redacted]. $[redacted]over legal limit. tolerance of $[redacted]. $[redacted]over legal limit. Letter of
Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400025 35219751 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Origination Fee. [redacted]Percent Fee Tolerance exceeded for Loan 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Origination Fee. Fee Amount of $[redacted]exceeds the Following:
$[redacted]. $[redacted]over legal limit. tolerance of $[redacted]. $[redacted]over legal limit. Letter of
Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400026 35235436 Credit Income / Income Income / The verification of employment is required - [redacted]due to missing vvoe dated with in Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. [redacted]calender days of note date cleared. 11:59:25 AM
Seller Comment (2026-01-22): VVOE
[redacted] [redacted] [redacted] [redacted] 627400026 35235438 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted]due to missing vvoe dated with in Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted]calender days of note date cleared. 12:04:54 PM
[redacted] [redacted] [redacted] [redacted] 627400026 35235531 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan [redacted]due to missing vvoe dated with in Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence [redacted]calender days of note date cleared. 12:04:54 PM provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-22): VVOE upload to
credit exceptions
[redacted] [redacted] [redacted] [redacted] 627400026 35235532 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to [redacted]verification document was missing in the file. Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - Schedule C Test verify current Sole Proprietorship status using cleared. 12:04:54 PM
reasonably reliable third-party records.
Seller Comment (2026-01-22): verification of
license at time of application
Seller Comment (2026-01-22): business search
Seller Comment (2026-01-22): [redacted]
business search
[redacted] [redacted] [redacted] [redacted] 627400026 35235533 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to missing income documentation. Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using cleared. 11:59:11 AM
reasonably reliable third-party records.
Seller Comment (2026-01-22): [redacted] W-3
form
Seller Comment (2026-01-22): [redacted]
paystub
[redacted] [redacted] [redacted] [redacted] 627400026 35235534 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - [redacted](b) Cure Fee Tolerance exceeded. Total amount of of $[redacted]exceeds tolerance of $[redacted] plus 8:45:29 AM following:
$[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure Letter of
[redacted]% or $[redacted]. Sufficient or excess was provided to the borrower Explanation
cure was provided to the borrower. Missing required notifying
remediation documentation to complete cure. borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400026 35235537 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400026 35238749 Credit Income / Income Income / Verification(s) of employment is not within - [redacted]due to missing vvoe within [redacted]calender Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. days of note date. business days 2:25:50 PM
[redacted] [redacted] [redacted] [redacted] 627400026 35479983 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted]business days of Note. Reviewer Comment (2026-01-23): VOE provided, 1/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days of the Note. cleared. 12:00:31 PM
Seller Comment (2026-01-22): VVOE
[redacted] [redacted] [redacted] [redacted] 627400027 35217733 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400027 35217859 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan [redacted]due to B2 WVOE being over [redacted]days old Reviewer Comment (2026-02-18): OK per guides 2/XX/2026 1 C A NJ Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence at closing. 5:15:15 PM Home provide updated
Loan Designation of ATR Fail. Reviewer Comment (2026-02-18): reopen ATR/QM status
Reviewer Comment (2026-01-23): Per [redacted]
mortgage manual VVOE can be dated within
[redacted] days.
Seller Comment (2026-01-23): Per [redacted]
policy, doc expiration is [redacted]days not
[redacted] and Foreign borrowers with income
outside of the [redacted] will NOT have a
VOE, per [redacted] product guidelines a
written verification of employment ONLY is
obtained.
Reviewer Comment (2026-01-16): Comment
corrected. Loan des. now waterfalling due to
[redacted] WVOE being over [redacted] days old
at closing.
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will
NOT have a VOE, per product guidelines a
written verification of employment ONLY is
obtained.
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): General ATR (Not
QM)...these are Foreign National borrowers
working overseas.
[redacted] [redacted] [redacted] [redacted] 627400027 35217860 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted]due to B2 WVOE being over [redacted]days old Reviewer Comment (2026-01-23): Per [redacted] 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using at closing. mortgage manual VVOE can be dated within 2:04:04 PM Home
reasonably reliable third-party records. [redacted] days.
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
Reviewer Comment (2026-01-16): Comment
corrected. Loan des. now waterfalling due to
[redacted] WVOE being over [redacted] days old
at closing.
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): General ATR (Not
QM)...these are Foreign National borrowers
working overseas and do not have W2's.
[redacted] [redacted] [redacted] [redacted] 627400027 35217861 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to [redacted]due to B2 WVOE being over [redacted]days old Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance and Assets - Wages verify income due to, missing W-2, Paystub, LES, at closing. guidelines 5:52:05 PM Home
ETS or WVOE.
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): General ATR (Not
QM)...these are Foreign National borrowers
working overseas and foreign verification of
employment documentation was provided to
verify income.
[redacted] [redacted] [redacted] [redacted] 627400027 35217862 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to [redacted]due to B2 WVOE being over [redacted]days old Reviewer Comment (2026-01-23): Per [redacted] 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance and Assets - Wages verify income due to, WVOE provided was dated more at closing. mortgage manual VVOE can be dated within 2:10:08 PM Home
than [redacted]days prior to closing. [redacted] days.
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
Reviewer Comment (2026-01-16): Comment
corrected. Loan des. now waterfalling due to
[redacted] WVOE being over [redacted] days old
at closing.
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400027 35217863 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to Income document requirement not met. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the VVOE was not provided for[redacted] guidelines 5:43:58 PM Home
loan is at ATR risk.
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Please reference
Loan Exception ID [redacted]
[redacted] [redacted] [redacted] [redacted] 627400027 35217864 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [redacted]due to Income document requirement not met. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or VVOE was not provided for[redacted]. guidelines 5:43:08 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-16): See Loan
eligible to be regraded with compensating factors.) Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Please reference
Loan Exception ID [redacted]
[redacted] [redacted] [redacted] [redacted] 627400027 35217865 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted]due to B2 WVOE being over [redacted]days old Reviewer Comment (2026-02-18): OK per guides 2/XX/2026 1 A A NJ Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. at closing. 5:15:15 PM Home
[redacted] [redacted] [redacted] [redacted] 627400027 35217881 Credit Income / Income Income / Income documentation requirements not met. [redacted]due to VVOE not provided within Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days to the note date. guidelines 5:41:16 PM Home
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400027 35217882 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to VVOE not provided within 10 business Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. days to the note date. guidelines 5:41:09 PM Home
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400028 35229343 Credit Credit General Credit Initial Rate Lock rate date is not Rate lock was not provided Reviewer Comment (2026-02-02): Rate Lock 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
documented in file. provided. 2:08:15 PM Home
Seller Comment (2026-01-29): [redacted] rate
lock screen
[redacted] [redacted] [redacted] [redacted] 627400028 35229830 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Rate lock was not provided Reviewer Comment (2026-02-02): Rate Lock 2/XX/2026 1 B A MA Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor provided. 2:10:33 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400028 35229831 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 C A MA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence calendars from Note Date. N/A for FN. 2:17:10 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400028 35229833 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Compliance and Assets - Wages verify income due to, missing [redacted] calendars from Note Date. N/A for FN. 2:17:10 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400028 35229835 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted] or more guideline calendars from Note Date. N/A for FN. 2:11:31 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400028 35229844 Compliance Compliance Federal TRID TRID Ten Percent Tolerance Violation With TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B MA Second Purchase Provide the Non QM Non QM Yes
Compliance Sufficient Cure - [redacted] Percent Fee Tolerance exceeded. Total amount of of $[redacted]exceeds tolerance of $[redacted]plus 8:45:29 AM Home following:
[redacted] exceeds tolerance of[redacted] plus [redacted]% or $[redacted].Sufficient or excess cure was Letter of
[redacted] or [redacted]. Sufficient or excess provided to the borrower. Missing required remediation Explanation
cure was provided to the borrower. Missing required documentation to complete cure notifying
remediation documentation to complete cure. borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400028 35229845 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 A A MA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendars from Note Date. N/A for FN. 2:17:10 PM Home
[redacted] [redacted] [redacted] [redacted] 627400028 35231320 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]calendar days of the Note. calendars from Note Date. business days. 2:22:38 PM Home
[redacted] [redacted] [redacted] [redacted] 627400028 35231337 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or calendars from Note Date. N/A for FN. 2:10:33 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400028 35231338 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-02-02): Reverification 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Employment Documentation Employment calendars from Note Date. N/A for FN. 2:09:29 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400029 35230720 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400029 35230728 Credit Income / Income Missing REO Documents are missing. - REO documents missing in the file Reviewer Comment (2026-01-23): REO 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document verifications provided, cleared. 12:34:24 PM Home
Seller Comment (2026-01-23): ICR contains
property tax information for all properties
referenced. Homeowners insurance for Teow Leng
property and letter of explanation indicating
no insurance on the other [redacted]
properties all attached.
[redacted] [redacted] [redacted] [redacted] 627400029 35230756 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] business 8:12:23 AM Home
days of application. Initial Loan Estimate dated
[redacted] was electronically provided without or
prior to borrower's consent to receive electronic
disclosures. Failure to comply with the provisions
of the E-Sign Act and failure to provide good faith
estimate of fees timely may result in additional
fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400029 35230759 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Verification of employment is not within [redacted] Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence calendars from Note Date. guides, exception cleared. 12:56:36 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400029 35230760 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank 2014): Unable to Verification of employment is not within [redacted] Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable calendars from Note Date. guides, exception cleared. 12:56:36 PM Home
third-party records.
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400029 35230761 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Verification of employment is not within [redacted] Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendars from Note Date. guides, exception cleared. 12:56:36 PM Home
[redacted] [redacted] [redacted] [redacted] 627400029 35230762 Compliance Compliance Federal TRID Defect TRID Closing Disclosure[redacted] Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted]did not disclose the actual Date Issued. removed from testing per attestation. 4:15:19 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400029 35230764 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: Ten Percent Fee [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded. Total amount of of $[redacted]exceeds tolerance of $[redacted]plus 10:06:37 AM Home Refund Provide
$[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. $[redacted]over legal limit. the Following:
[redacted]% or $[redacted]. $[redacted]over legal Insufficient or no cure was provided to the borrower Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400029 35230765 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]Percent Fee Tolerance exceeded for Credit Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Fee Tolerance exceeded for Credit Report Fee. Fee Report Fee. Fee Amount of $[redacted]exceeds tolerance 8:45:40 AM Home Refund Provide
Amount of $[redacted]exceeds tolerance of of $[redacted]. $[redacted]over legal limit. the Following:
$[redacted]. $[redacted]over legal limit. Insufficient or no cure was provided to the borrower Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400029 35238172 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Waterfall due insufficient reserves. Reviewer Comment (2026-01-23): Reserves met, 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Discrepancy / discrepancy. cleared. 12:52:09 PM Home
Guidelines
Discrepancy Seller Comment (2026-01-23): [redacted]
reserves based on PITIA is [redacted], surplus
assets after reserve requirement is over
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400029 35238173 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]calendar days of the Note. [redacted]calender days of note date. business days 2:28:05 PM Home
[redacted] [redacted] [redacted] [redacted] 627400029 35238410 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the [redacted]calender days of note date. guides, exception cleared. 12:53:21 PM Home
loan is at ATR risk.
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400029 35480018 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted]business days of Note. Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides, cleared. 12:36:19 PM Home
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400031 35220072 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property Unit [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted]guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220073 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property[redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220074 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property[redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220075 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220076 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property[redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220077 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220078 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property[redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220079 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Lease Agreement missing for property [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - REO [redacted] Method verify Real Estate Owned income [redacted] using [redacted] guidelines. 8:41:37 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): Lease agreements
are not required, all rental income was
calculated using CPA Letter.
[redacted] [redacted] [redacted] [redacted] 627400031 35220138 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence [redacted] guidelines. 8:43:37 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): No us tax
returns, income was calculated using CPA
Letter
[redacted] [redacted] [redacted] [redacted] 627400031 35220139 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Schedule B verify Interest / Dividend income using reasonably [redacted] guidelines. 8:43:37 PM Home
reliable third-party records.
Seller Comment (2026-02-06): No US Tax
Returns, income was calculated using CPA
Letter
[redacted] [redacted] [redacted] [redacted] 627400031 35220140 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably [redacted] guidelines. 8:43:37 PM Home
reliable third-party records.
Seller Comment (2026-02-06): No US Tax
Returns, income was calculated using CPA
Letter
[redacted] [redacted] [redacted] [redacted] 627400031 35220141 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-04): After further 2/XX/2026 1 B A CA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not review, exception cleared. 1:26:03 PM Home
match the ATR payment calculation methods under
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400031 35220142 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] guidelines. 8:44:30 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-06): No US Tax
eligible to be regraded with compensating factors.) Returns, income was calculated using CPA
Letter
[redacted] [redacted] [redacted] [redacted] 627400031 35220143 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Most recent tax transcripts and [redacted] Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines. 8:43:37 PM Home
[redacted] [redacted] [redacted] [redacted] 627400031 35220144 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered to Borrower within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered or placed in the mail to Borrower(s) [redacted] business days of application. 8:12:23 AM Home
within [redacted] business days of application.
[redacted] [redacted] [redacted] [redacted] 627400031 35220145 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender Credit of [redacted] exceeds tolerance of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final [redacted]. No cure was provided to the borrower. 8:30:31 AM Home Refund Provide
Lender Credit of[redacted] exceeds tolerance of the Following:
[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400031 35220147 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points Fee Amount of [redacted] exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount tolerance of [redacted] no cure was provided to the 8:45:40 AM Home Refund Provide
Points. Fee Amount of [redacted] exceeds tolerance borrower. the Following:
of [redacted] [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400031 35220148 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Transfer Tax Fee Amount of [redacted] exceeds tolerance Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. of [redacted] no cure was provided to the borrower. 8:45:40 AM Home Refund Provide
Fee Amount of [redacted] exceeds tolerance of the Following:
[redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400031 35220158 Credit Credit Credit Guideline Guideline Requirement: Representative FICO Representative FICO score of ___ is less than Guideline representative FICO score is [redacted] Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-15): Client elects 12/XX/2025 2 B B CA Second Purchase Non QM Non QM No
Calculation / score discrepancy. Guideline representative FICO score of ___. however Representative FICO score is [redacted] more than [redacted] years. XXX to waive and downgrade. 1:13:22 PM Home
Analysis Borrower has verified disposable income of at least XXX
$[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400031 35220159 Credit Income / Income Income / Income documentation requirements not met. Most recent tax transcripts and 1040 missing Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] guidelines. 8:43:53 PM Home
Reviewer Comment (2026-02-06): assign to buyer
Seller Comment (2026-02-06): No US Tax
Returns, income was calculated using CPA
Letter
Reviewer Comment (2026-02-04): Seller agrees
with condition, unable to clear.
Seller Comment (2026-02-03): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400031 35220315 Credit Income / Income Income / Income Docs Missing: - ___ Currency Converter missing Reviewer Comment (2026-02-04): Conversion 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment provided, cleared. 1:38:36 PM Home
Seller Comment (2026-02-03): Currency
Conversions
[redacted] [redacted] [redacted] [redacted] 627400031 35220388 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Most recent tax transcripts and 1040 missing Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted] or more guideline [redacted] guidelines. 8:45:04 PM Home
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400031 35237281 Credit Credit Miscellaneous Guideline Credit Exception: Approved lender exception for FICO being below the Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-15): Client elects 12/XX/2025 2 B B CA Second Purchase Non QM Non QM No
required [redacted] more than [redacted] years. XXX to waive and downgrade. 1:13:04 PM Home
Borrower has verified disposable income of at least XXX
$[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400032 35243717 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Coverage shortfall is [redacted] Reviewer Comment (2026-01-29): Replacement 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Analysis coverage amount is insufficient. cost included in the Hazard Insurance. 12:31:47 PM Home
Seller Comment (2026-01-29): insurance with
full replacement cost
[redacted] [redacted] [redacted] [redacted] 627400032 35243781 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400032 35243871 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Recording fee increased from [redacted] to [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of without a valid change of circumstance nor cure 10:06:37 AM Home Refund Provide
[redacted] exceeds tolerance of[redacted] plus provided. Provide a post close Closing Disclosure the Following:
[redacted] or [redacted] over legal limit. disclosing the tolerance violation of [redacted], a copy Letter of
Insufficient or no cure was provided to the of the refund check, proof of delivery, and a copy of Explanation,
borrower. the LOE to the borrower disclosing the changes made. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400032 35243882 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment within [redacted] of Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]s of the Note. closing was not provided. business days 7:36:40 AM Home
[redacted] [redacted] [redacted] [redacted] 627400032 35247226 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Loan Designation discrepancy due to missing verbal Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence verification of employment within [redacted] of closing. guidelines. 12:26:44 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-29): Foreign borrowers Designation
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400032 35247228 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [redacted]l due to missing verbal verification of Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or employment within [redacted] of closing. guidelines. 12:25:57 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400032 35247272 Credit Income / Income Income / Income documentation requirements not met. Missing verbal verification of employment within Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] of closing. guidelines. 12:25:08 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400032 35247285 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted]l due to missing verbal verification of Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted] or more guideline employment within [redacted] of closing. guidelines. 12:26:44 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400032 35486128 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] days of Note. Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] of the Note. guidelines. 12:24:33 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400033 35240413 Credit Income / Income Income / Income documentation requirements not met. Verification of employment provided in file was not Reviewer Comment (2026-01-23): OK per guides 1/XX/2026 1 C A GA Investment Purchase N/A N/A No
Employment Documentation Employment within [redacted] of note date. Employer letters for for FN WVOE income 10:34:22 AM
both borrower and coborrower did not provide YTD
earnings. Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400033 35240415 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment provided in file was not Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A GA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] of the Note. within [redacted] of note date. business days 2:32:37 PM
[redacted] [redacted] [redacted] [redacted] 627400033 35240416 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment provided in file was not Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A GA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] of the Note. within [redacted] of note date. business days 2:32:37 PM
[redacted] [redacted] [redacted] [redacted] 627400033 35480037 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] of note Reviewer Comment (2026-01-23): OK per guides 1/XX/2026 1 A GA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] of the Note. for FN WVOE income 10:33:38 AM
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400034 35220643 Credit Income / Income Income / Income documentation requirements not met. [redacted] due to missing vvoe within [redacted] of note Reviewer Comment (2026-02-10): Deducted small 2/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Employment Documentation Employment date loss for K1 less than [redacted] from other 8:57:23 AM -
income. Rate/Term
Reviewer Comment (2026-02-06): assign to buyer
Seller Comment (2026-02-06): [redacted] is
unable to provide and agrees with exception
Reviewer Comment (2026-02-02): Seller agrees
with findings.
Seller Comment (2026-01-30): Agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400034 35220972 Credit Insurance Insurance Insurance Hazard Insurance Error: Missing HO-6 policy, HO-6 policy document not provided. Reviewer Comment (2026-02-02): HO-6 Policy 2/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Documentation blanket hazard insurance policy provided received - Exception Cleared. 2:03:52 PM -
does not contain unit interior coverage. Rate/Term
Seller Comment (2026-01-29): ho6 upload
[redacted] [redacted] [redacted] [redacted] 627400034 35220984 Credit Income / Income Income / Income Docs Missing: - Schedule K-1 and Third party verification of Employment Reviewer Comment (2026-02-10): Deducted small 2/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Employment Documentation Employment are missing. loss for K1 less than [redacted]from other 8:57:09 AM -
income. Rate/Term
Seller Comment (2026-02-06): [redacted] is
unable to provide and agrees with exception
Reviewer Comment (2026-02-02): K-1 document is
required for [redacted] Partners LP
- Exception remains.
Seller Comment (2026-01-29): k1s
[redacted] [redacted] [redacted] [redacted] 627400034 35220995 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400035 35230537 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Analysis coverage amount is insufficient. 8:27:05 PM Home
[redacted] [redacted] [redacted] [redacted] 627400035 35230553 Credit Asset Asset Asset Available for Closing is insufficient to 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Calculation / cover Cash From Borrower. 5:46:23 PM Home
Analysis
[redacted] [redacted] [redacted] [redacted] 627400035 35230554 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 1:18:34 PM Home
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400035 35230581 Credit Income / Income Missing REO Documents are missing. - 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document 8:27:12 PM Home
[redacted] [redacted] [redacted] [redacted] 627400035 35230641 Compliance Compliance Federal Compliance Closing Disclosure Missing Issue Date Closing Disclosure with an estimated issue date of 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Material [redacted] did not disclose an issue date. Unable 5:16:38 PM Home
to conclusively determine Final Closing Disclosure
to use for fees due to missing Issue Date. Any
applicable Federal, State or Local compliance
testing may be unreliable. Closing Disclosure
dated [redacted] used to source fees for testing.
[redacted] [redacted] [redacted] [redacted] 627400035 35230644 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400035 35230645 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 A A FL Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow Payment Over Disclosed Payments: Final Closing Disclosure provided on 8:34:45 PM Home following:
[redacted] disclosed an escrow payment for Letter of
payment[redacted] that does not match the actual Explanation
payment for the loan. notifying
borrower or
error,
Corrected CD,
and Proof of
Delivery
[redacted] [redacted] [redacted] [redacted] 627400035 35230646 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 A A FL Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow Payment Over Disclosed Payments: Final Closing Disclosure provided on 8:34:45 PM Home following:
[redacted] disclosed an escrow payment for payment Letter of
[redacted] that does not match the actual payment Explanation
for the loan. notifying
borrower or
error,
Corrected CD,
and Proof of
Delivery
[redacted] [redacted] [redacted] [redacted] 627400035 35230647 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 A A FL Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow Payment Over Disclosed Payments: Final Closing Disclosure provided on 8:34:45 PM Home following:
[redacted] disclosed an escrow payment for payment Letter of
[redacted] that does not match the actual payment Explanation
for the loan. notifying
borrower or
error,
Corrected CD,
and Proof of
Delivery
[redacted] [redacted] [redacted] [redacted] 627400035 35230648 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 A A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Over Disclosed Test Payments: Final Closing Disclosure provided on 8:34:45 PM Home Disclosure Cure
[redacted] disclosed an escrow payment for payment - Provide the
[redacted] that does not match the actual payment following:
for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400035 35230649 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected 1/XX/2026 1 B A FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on[redacted] contains a 5:16:38 PM Home
change in APR and a complete Closing Disclosure was
not received by borrower at [redacted] business
days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400035 35230650 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected 1/XX/2026 1 B A FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 5:16:38 PM Home
change in loan product and a complete Closing
Disclosure was not received by borrower at
[redacted] prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400035 35230651 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 8:44:08 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400035 35230652 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using 8:44:08 PM Home
reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400035 35230653 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages verify income due to, missing W-2, Paystub, LES, 8:44:08 PM Home
ETS or WVOE.
[redacted] [redacted] [redacted] [redacted] 627400035 35230654 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 8:44:08 PM Home
[redacted] [redacted] [redacted] [redacted] 627400035 35230657 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing 1/XX/2026 1 B A FL Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] 5:16:38 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400035 35230660 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable 1/XX/2026 1 B A FL Second Purchase Letter of Non QM Non QM Yes
Compliance Minimum Interest Rate Interest Rate Table: Final Closing Disclosure 8:38:15 PM Home Explanation &
provided on [redacted] disclosed a Minimum Interest Corrected
Rate that does not match the actual minimum Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400035 35230661 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided 8:38:15 PM Home Disclosure Cure
Payments on[redacted] disclosed a periodic principal and - Provide the
interest payment for payment [redacted] that does following:
not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400035 35230662 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on 8:38:15 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and - Provide the
interest payment for payment [redacted]that does following:
not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400035 35230663 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 10:28:51 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of [redacted] is under Delivery,
disclosed by [redacted] to the calculated total of Refund check
payments of [redacted] which exceeds the [redacted] for
threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400035 35230664 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan 1/XX/2026 1 A A FL Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow - Monthly Escrow Payment Disclosures: Final Closing Disclosure provided on 8:34:45 PM Home following:
Overdisclosed Test [redacted] disclosed the Monthly Escrow Payment Letter of
that does not match the actual escrow payment for Explanation
the loan. notifying
borrower or
error and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400035 35230666 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Abstract 8:45:40 AM Home Refund Provide
/ Title Search. Fee Amount of [redacted] exceeds the Following:
tolerance of [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400035 35230667 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Wire 8:45:40 AM Home Refund Provide
/XX/ Disbursement Fee. Fee Amount of [redacted] the Following:
exceeds tolerance of [redacted] limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400035 35230680 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Borrower has been employed in the same industry for DTI: 12.14863% XXX 12/XX/2025 2 B B FL Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. more than 5 years. Guideline XXX 11:48:27 AM Home
Eligibility Eligibility Eligibility Borrower has worked in the same position for more than Maximum DTI: Aggregator,XXX
3 years. 45.00000%
The qualifying DTI on the loan is at least 10% less
than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400035 35230681 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. 8:34:00 PM Home
Guidelines
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400035 35230682 Credit Income / Income Income / The verification of employment is required - 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. 8:27:36 PM Home
[redacted] [redacted] [redacted] [redacted] 627400035 35230683 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. 8:27:30 PM Home
[redacted] [redacted] [redacted] [redacted] 627400035 35230686 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted] guideline components, the 8:34:45 PM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400035 35693985 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Other Includes TILA-RESPA Integrated Disclosure - Projected 2/XX/2026 2 B FL Second Purchase Good Faith Non QM Non QM Yes
Compliance Insurance Costs Payments Estimated Taxes, Insurance, & Assessments: 7:43:07 AM Home Redisclosure
Final Closing Disclosure provided on [redacted]
disclosed whether insurance is included in escrow
in incorrect section. Creditor disclosed insurance
cost to consumer in "Other" section where
regulation requires insurance to be disclosure
under "Homeowner's Insurance" section. Disclosure
requirement met, non-material exception for
incorrect format/placement.
[redacted] [redacted] [redacted] [redacted] 627400036 35217462 Credit Income / Income Missing REO Documents are missing. - ___ Insurance document is missing for the prop [redacted]. Reviewer Comment (2026-01-21): acceptable 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Document documentation in file 9:40:41 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400036 35217560 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Final closing disclosure [redacted]property is non Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - Pre Disclosures: Amount of Estimated Property Costs escrowed and [redacted] provided escrowed details, 7:59:04 AM Home - Cash-out Explanation &
[redacted] over Year [redacted]of on Final Closing Disclosure required valid closing disclosure. - Other Corrected
provided on [redacted] are underdisclosed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400036 35217561 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final closing disclosure [redacted] property is non Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on escrowed and [redacted] provided escrowed details, 8:01:57 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan required valid closing disclosure. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400036 35217562 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final closing disclosure [redacted] property is non Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on escrowed and [redacted] provided escrowed details, 8:03:43 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan required valid closing disclosure. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400036 35217563 Compliance Compliance Federal TRID TRID Ten Percent Tolerance Violation With TILA-RESPA Integrated Disclosure: [redacted] Reviewer Comment (2025-12-12): Sufficient Cure 12/XX/2025 1 A A CA Second Refinance Provide the Non QM Non QM Yes
Compliance Sufficient Cure -[redacted] Percent Fee Tolerance exceeded. Total amount of Provided within [redacted] 5:53:36 AM Home - Cash-out following:
[redacted] exceeds tolerance of [redacted] plus of Closing - Other Letter of
[redacted] or [redacted]. Sufficient or excess Explanation
cure was provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400036 35217579 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home - Cash-out
match the ATR payment calculation methods under - Other
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400036 35217587 Credit Income / Income Income / Verification(s) of employment is not within - Required verification of employment within [redacted] Reviewer Comment (2026-01-21): WVOE all that 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days prior to the note date. is required for FN. 9:38:20 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400038 35237242 Credit Income / Income Missing REO Documents are missing. - ___ The file was missing copy of Insurance Verification and Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Employment Documentation Document ___ Statement cleared. 4:00:01 PM - Cash-out
- Other
Seller Comment (2026-01-26): doc upload
Seller Comment (2026-01-26): No insurance for
[redacted] Sycamore per letter and insurance
statement attached for [redacted] Thulla Dumbo
[redacted] [redacted] [redacted] [redacted] 627400038 35237507 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence Diligence Loan Designation of ATR Fail. cleared. 4:04:03 PM - Cash-out provide updated
Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-01-26): No insurance for
[redacted] Sycamore per letter and insurance
statement attached for [redacted] Thulla Dumbo
[redacted] [redacted] [redacted] [redacted] 627400038 35237508 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Unable to verify current Partnership status due to Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing missing Tax Return/XX/Third Party P&L, CPA Letter, or cleared. 4:04:03 PM - Cash-out
Tax Return/XX/Third Party P&L, CPA Letter, or other other Third Party Verification. ([redacted] [redacted] - Other
Third Party Verification. LLC/Partnership) Seller Comment (2026-01-27): docs uploaded on
other exception
[redacted] [redacted] [redacted] [redacted] 627400038 35237509 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Unable to verify current Partnership status due to Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing missing Tax Return/XX/Third Party P&L, CPA Letter, or cleared. 4:04:03 PM - Cash-out
Tax Return/XX/Third Party P&L, CPA Letter, or other other Third Party Verification. ([redacted] [redacted] - Other
Third Party Verification. /Partnership) Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-26): doc upload
Seller Comment (2026-01-26): Tax Returns and
P&L attached
[redacted] [redacted] [redacted] [redacted] 627400038 35237510 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. ([redacted] [redacted] cleared. 4:04:03 PM - Cash-out
third-party records. LLC/Partnership) - Other
Seller Comment (2026-01-26): doc upload
Seller Comment (2026-01-26): Tax Returns and
P&L attached
[redacted] [redacted] [redacted] [redacted] 627400038 35237511 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. ([redacted] [redacted]) cleared. 4:04:03 PM - Cash-out
third-party records. - Other
Seller Comment (2026-01-26): P&L's previously
attached
[redacted] [redacted] [redacted] [redacted] 627400038 35237512 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify Sole Proprietorship income using Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably reasonably reliable third-party records. ([redacted] cleared. 4:04:03 PM - Cash-out
reliable third-party records. Accounting/Schedule C) - Other
Seller Comment (2026-01-27): Schedule C is
only document required to calculate income
[redacted] [redacted] [redacted] [redacted] 627400038 35237513 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 A A NY Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 4:04:03 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400038 35237514 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Amount of Estimated Property Costs over Year [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Year 1 Underdisclosed - Pre October 2018 Disclosures: Amount of Estimated Property Costs of on Final Closing Disclosure provided on [redacted] 7:59:04 AM - Cash-out Explanation &
over Year [redacted]of on Final Closing Disclosure are underdisclosed - Other Corrected
provided on [redacted] are underdisclosed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400038 35237515 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:01:57 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400038 35237516 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:03:43 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400038 35237517 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted]Percent [redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of [redacted] exceeds 8:30:31 AM - Cash-out Refund Provide
Lender Credit of [redacted]exceeds tolerance of tolerance of [redacted] no cure was provided to the - Other the Following:
[redacted]. Insufficient or no cure was provided to borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400038 35237518 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. Discount Points. Fee Amount of [redacted] exceeds 8:45:40 AM - Cash-out Refund Provide
Fee Amount of [redacted] exceeds tolerance of tolerance of [redacted] over legal limit. no cure was - Other the Following:
[redacted] over legal limit. Insufficient or no provided to the borrower. Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400038 35237519 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. Fee. Fee Amount of [redacted]exceeds tolerance of 8:45:40 AM - Cash-out Refund Provide
Fee Amount of[redacted] exceeds tolerance of [redacted] over legal limit. no cure was provided to the - Other the Following:
[redacted] over legal limit. Insufficient or no borrower. Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400038 35237520 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Re-Inspection Fee. Fee Amount of [redacted] exceeds 8:45:40 AM - Cash-out Refund Provide
Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] over legal limit. no cure was - Other the Following:
tolerance of [redacted] over legal limit. provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400039 35233205 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Recording fee Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of increased to [redacted] on final Closing Disclosure 10:06:37 AM Home Refund Provide
[redacted] exceeds tolerance of [redacted] or without a valid change of circumstance. Insufficient or the Following:
[redacted] over legal limit. Insufficient or no no cure was provided to the borrower. Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400039 35233206 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Extension Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Extension Fee. Fee. Fee Amount of [redacted] exceeds tolerance of 8:45:40 AM Home Refund Provide
Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the the Following:
[redacted] over legal limit. Insufficient or no borrower. Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400039 35233215 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Re-Inspection Fee. Fee Amount of [redacted] exceeds 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was the Following:
tolerance of [redacted] over legal limit. provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400039 35233220 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation discrepancy due to missing Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence start date of employment, 1040s and YTD P&L. cleared. 6:43:47 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-27): Borrower is a FN,
no 1040's and no P&L required, CPA letters in
file.
[redacted] [redacted] [redacted] [redacted] 627400039 35233250 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Waterfall due to missing start date of employment, 1040s Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable and YTD P&L. cleared. 6:43:47 PM Home
third-party records.
Seller Comment (2026-01-27): Borrower is a FN,
no 1040's and no P&L required, CPA letters in
file.
[redacted] [redacted] [redacted] [redacted] 627400039 35233251 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Waterfall due to missing start date of employment, 1040s Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. and YTD P&L. cleared. 6:43:47 PM Home
[redacted] [redacted] [redacted] [redacted] 627400039 35240881 Credit Income / Income Income / Income documentation requirements not met. Employment letter provided in file does not show start Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment date of employment. cleared. 6:42:44 PM Home
Seller Comment (2026-01-27): doc upload -
start date on both docs [redacted]
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): CPA Letters
w/start date attached
[redacted] [redacted] [redacted] [redacted] 627400039 35240907 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Waterfall due to missing start date of employment. Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or cleared. 6:43:47 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-27): Borrower is a FN,
eligible to be regraded with compensating factors.) no 1040's and no P&L required, CPA letters in
file.
[redacted] [redacted] [redacted] [redacted] 627400039 35241049 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Waterfall due to missing start date of employment, 1040s Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted] guideline components, the and YTD P&L. cleared. 6:44:26 PM Home
loan is at ATR risk.
Seller Comment (2026-01-27): Borrower is a FN,
no 1040's and no P&L required, CPA letters in
file.
[redacted] [redacted] [redacted] [redacted] 627400040 35230343 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-15): After further 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment review, exception cleared. 9:49:30 PM Home -
Rate/Term
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted] and foreign verification
documentation (CPA Letter) was provided to
verify employment.
[redacted] [redacted] [redacted] [redacted] 627400040 35230344 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 12:20:36 PM Home -
FEMA disaster. Rate/Term
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400040 35230364 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-15): After further 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines loan failing [redacted]or more guideline calendar days of note date review, exception cleared. 9:50:49 PM Home -
components, the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted]
[redacted] [redacted] [redacted] [redacted] 627400040 35241183 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-15): After further 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence calendar days of note date review, exception cleared. 9:50:49 PM Home - provide updated
Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Seller Comment (2026-01-15): General ATR (Not Designation
QM){ellipsis}Foreign National working outside
of the [redacted]
[redacted] [redacted] [redacted] [redacted] 627400041 35229927 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial 1003 Initial - Lender's missing in file. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 B A TX Primary Purchase Non QM Non QM No
Documentation Processing Incorrect, or 1003 cleared. 3:56:10 PM
Incomplete
Final or Seller Comment (2026-01-15): intial 1003
Initial 1003 upload
[redacted] [redacted] [redacted] [redacted] 627400041 35229968 Credit Loan Package Application / Missing Missing Document: Approval not provided Approval missing in file. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Documentation Processing Document cleared. 3:55:34 PM
Seller Comment (2026-01-15): 1008 and u/w
worksheet uploaded
Reviewer Comment (2026-01-15): Exception
remains. Please provide copy of Approval doc
or Loan underwriting and transmittal summary
doc(1008)
Seller Comment (2026-01-15): are you looking
for underwriter worksheet or commitment letter
[redacted] [redacted] [redacted] [redacted] 627400041 35229970 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock missing in file. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
documented in file. cleared. 3:57:43 PM
Seller Comment (2026-01-15): initial rate lock
uploaded
[redacted] [redacted] [redacted] [redacted] 627400041 35229988 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a A post disaster inspection verifying there was no damage cleared. 12:34:23 PM
FEMA disaster. to the subject property is required.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400041 35229993 Credit Income / Income Missing REO Documents are missing. - Mortgage Statement missing for Address: [redacted] Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Document cleared. 3:59:38 PM
Seller Comment (2026-01-15): property in
[redacted], conversion and mtg stmtn upload
[redacted] [redacted] [redacted] [redacted] 627400041 35230014 Credit Income / Income Income / The verification of employment is required - Employer Letter provided in file not within [redacted] Reviewer Comment (2026-01-16): Uploaded and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. business days of the note date. cleared 4:25:30 PM
Seller Comment (2026-01-16): VOE upload
[redacted] [redacted] [redacted] [redacted] 627400041 35230015 Credit Income / Income Income / Verification(s) of employment is not within - Employer Letter provided in file not within [redacted] Reviewer Comment (2026-01-16): Uploaded and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the note date. cleared 4:25:57 PM
Seller Comment (2026-01-16): voe uploaded
[redacted] [redacted] [redacted] [redacted] 627400041 35230016 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Rate Lock missing in file. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 B A TX Primary Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor cleared. 4:06:16 PM
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400041 35230017 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation mismatch due to Employer Reviewer Comment (2026-02-24): OK for foreign 2/XX/2026 1 C A TX Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence Letter provided in file not within [redacted] business Income borrower 4:37:04 PM provide updated
Loan Designation of ATR Fail. days of the note date. ATR/QM status
Reviewer Comment (2026-02-24): reopen
Reviewer Comment (2026-01-15): After further
review, exception cleared.
[redacted] [redacted] [redacted] [redacted] 627400041 35230018 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to Missing [redacted] day VOE. Reviewer Comment (2026-01-15): After further 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using review, exception cleared. 4:06:16 PM
reasonably reliable third-party records.
Seller Comment (2026-01-15): n/a, borrower
relocated from [redacted], no w2s
[redacted] [redacted] [redacted] [redacted] 627400041 35230019 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Employer Letter provided in file not within [redacted] Reviewer Comment (2026-01-15): After further 1/XX/2026 1 A A TX Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. business days of the note date. review, exception cleared. 4:06:16 PM
[redacted] [redacted] [redacted] [redacted] 627400041 35230020 Compliance Compliance Federal TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program ARM Disclosure missing in file. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower. 7:21:20 AM
[redacted] [redacted] [redacted] [redacted] 627400041 35230021 Compliance Compliance Federal TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on CHARM Booklet missing in file. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance Adjustable Rate Mortgages, CHARM Booklet, not 7:22:57 AM
provided to the borrower.
[redacted] [redacted] [redacted] [redacted] 627400041 35230022 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. 8:08:10 AM
[redacted] business days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400041 35230023 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate missing in file. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance application date on or after 10/XX/2015, no provided within loan images to evidence delivery to 8:40:38 AM
Loan Estimates in the Loan File the Borrower(s). The earliest Closing Disclosure
provided in the loan file was used as the estimated
baseline for Tolerance Testing. Depending on the
actual values on the initial Loan Estimate, a fee
tolerance cure of up to [redacted] may be required.
[redacted] [redacted] [redacted] [redacted] 627400041 35241070 Credit Income / Income Income / Income documentation requirements not met. Missing VOE within [Redacted] business days. Reviewer Comment (2026-01-16): Cleared per 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment guides 4:26:50 PM
Seller Comment (2026-01-16): VOE uploaded
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400041 35241088 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing VOE within [Redacted] business days, causing the Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or loan to waterfall through the QM Testing. further review 4:27:22 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-16): voe uploaded
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400041 35241110 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE within [Redacted] business days, causing the Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing [redacted]or more guideline loan to waterfall through the QM Testing. further review 4:27:37 PM
components, the loan is at ATR risk.
Seller Comment (2026-01-16): voe uploaded
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400041 35498707 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Page [Redacted] of [Redacted] guidelines: Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 A TX Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence For ALL loan programs, employment for salaried borrowers further review 4:27:57 PM provide updated
Loan Designation of ATR Risk. must be re-verified within [Redacted] days prior to ATR/QM Loan
closing. Seller Comment (2026-01-16): voe uploaded Designation
[redacted] [redacted] [redacted] [redacted] 627400043 35223870 Credit Income / Income Missing REO Documents are missing. - Tax and insurance documents are missing. Reviewer Comment (2026-01-28): REO 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document verifications provided, cleared. 4:45:57 PM -
Rate/Term
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): LOX provided
stating no HOA or HOI, taxes taken from ICR,
both documents attached
[redacted] [redacted] [redacted] [redacted] 627400043 35223879 Credit Credit Credit Guideline Guideline Requirement: Representative FICO Representative FICO score of ___ is less than Representative FICO score of [Redacted] is less than Borrower has owned the subject property for at least Loan to Value: XXX Reviewer Comment (2025-12-15): Client elected 12/XX/2025 2 B B CA Investment Refinance N/A N/A No
Calculation / score discrepancy. Guideline representative FICO score of ___. Guideline representative FICO score of [Redacted]. [redacted] years. [redacted]% XXX to waive with compensating factors. 4:12:40 PM -
Analysis Borrower has verified disposable income of at least Guideline XXX Rate/Term
$[redacted] Maximum Loan to XXX
Borrower has worked in the same position for more than Value: XXX
[redacted] years. [redacted]% Aggregator,XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400045 35230707 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. Disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [Redacted]. Greater than 1 from third party review date 1:18:34 PM Home -
FEMA disaster. Disaster Declaration Date: ___; Rate/Term
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400045 35230717 Credit Income / Income Income / Verification(s) of employment is not within - Employment verification dated [Redacted] is not within Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [Redacted] business days of the Note. [Redacted] business days of [Redacted] Note. for FN 9:44:43 AM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400046 35232319 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Year [Redacted] Underdisclosed - Pre Disclosures: Amount of Estimated Property Costs 7:59:04 AM Home Explanation &
[Redacted] over Year [Redacted] of on Final Closing Corrected
Disclosure provided on [Redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400046 35232320 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Monthly Escrow Payment was not provided in page Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on [Redacted]. 8:01:57 AM Home Explanation &
[Redacted] incorrectly disclosed whether the loan Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400046 35232321 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Monthly Escrow Payment was not provided in page Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on [Redacted]. 8:03:43 AM Home Explanation &
[Redacted] incorrectly disclosed whether the loan Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400046 35232322 Compliance Compliance Federal TRID TRID [Redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [Redacted] Reviewer Comment (2025-12-15): Sufficient Cure 12/XX/2025 1 A A CA Second Purchase Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - [Redacted] Cure Percent Fee Tolerance exceeded. Total amount Provided within [redacted] of Closing 3:49:30 AM Home following:
of[Redacted] exceeds tolerance of [Redacted] plus Letter of
[Redacted] or [Redacted]. Sufficient or excess Explanation
cure was provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400046 35232412 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan [Redacted] due to VVOE not provided within [Redacted] Reviewer Comment (2026-02-04): Cleared after 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence calendar days to the note date. further review 1:12:11 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400046 35232413 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are [Redacted] due to VVOE not provided within [Redacted] Reviewer Comment (2026-02-04): Foreign 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or calendar days to the note date. national. cleared after further review 1:10:29 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400046 35232419 Credit Income / Income Income / Income documentation requirements not met. [Redacted] due to VVOE not provided within [Redacted] Reviewer Comment (2026-02-04): Foreign 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days to the note date. national. cleared after further review 1:08:21 PM Home
Seller Comment (2026-02-03): Exception cleared
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400046 35232420 Credit Income / Income Income / Verification(s) of employment is not within - [Redacted] due to VVOE not provided within [Redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [Redacted] calendar days of the Note. calendar days to the note date. business days. 2:25:24 PM Home
[redacted] [redacted] [redacted] [redacted] 627400046 35232438 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [Redacted] due to VVOE not provided within [Redacted] Reviewer Comment (2026-02-04): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the calendar days to the note date. further review 1:12:11 PM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400046 35479984 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [Redacted] business days of note Reviewer Comment (2026-02-04): Foreign 2/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [Redacted] business days of the Note. national. cleared after further review 1:08:40 PM Home
Seller Comment (2026-02-03): Exception cleared
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400047 35218289 Credit Income / Income Income / Income Docs Missing: - ___ Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment review, exception cleared. 2:16:47 PM Home
Seller Comment (2026-02-04): Underwriting Loan
Approval provided. Foreign asset from gift,
[redacted], not used per Underwriter's
comments, [redacted]
[redacted] [redacted] [redacted] [redacted] 627400047 35218301 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Waterfall due to missing Verification of employment Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence dated within [Redacted] Calendar days of the Note review, exception cleared. 2:18:34 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-02-04): Currency Designation
Converter not required due to foreign gift
funds not being used.
Seller Comment (2026-02-04): Underwriting Loan
Approval provided for Exception [redacted].
Foreign asset from gift, [redacted], not used
per Underwriter's comments, [redacted]
Waterfall for VOE. Exception cleared
[redacted]
Reviewer Comment (2026-01-23): Please provide
a copy of the currency converter document.
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400047 35218302 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Waterfall due to missing Verification of employment Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the dated within [Redacted] Calendar days of the Note further review 10:58:38 AM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400047 35218304 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within three [Redacted] 8:12:23 AM Home
business days of application. Initial Loan Estimate
dated [Redacted] was electronically provided
without or prior to borrower's consent to receive
electronic disclosures. Failure to comply with the
provisions of the E-Sign Act and failure to provide
good faith estimate of fees timely may result in
additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400047 35218305 Compliance Compliance Federal TRID TRID [Redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [Redacted] Reviewer Comment (2025-12-12): Sufficient Cure 12/XX/2025 1 A A CA Second Purchase Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - [Redacted]) Cure Percent Fee Tolerance exceeded for Transfer Tax. Provided within [redacted] of Closing 7:41:07 AM Home following:
Fee Amount of [Redacted] exceeds tolerance of Letter of
[Redacted]. Sufficient or excess cure was provided Explanation
to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400047 35241227 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to missing Verification of employment Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [Redacted] calendar days of the Note. dated within [Redacted] Calendar days of the Note business days 2:51:26 PM Home
[redacted] [redacted] [redacted] [redacted] 627400047 35480217 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [Redacted] business days of Note. Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [Redacted] calendar days of the Note. further review. 10:55:08 AM Home
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400048 35228087 Compliance Compliance Federal TRID TRID [Redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [Redacted] Reviewer Comment (2025-12-12): Sufficient Cure 12/XX/2025 1 A A CA Second Refinance Final CD Non QM Non QM Yes
Compliance With Sufficient Cure Provided At Closing Percent Fee Tolerance exceeded for Appraisal Fee. Provided At Closing 3:07:12 PM Home - Cash-out evidences Cure
Fee Amount of [Redacted] exceeds tolerance of - Other
[Redacted]. Sufficient or excess cure was provided
to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400048 35228091 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Waterfall due to missing vvoe dated within [Redacted] Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendar days of note date guidelines. 6:10:06 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400048 35228140 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing The earliest provided closing disclosure on [Redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least which was [Redacted] days prior to the closing date. 8:08:10 AM Home - Cash-out
three [Redacted] business days prior to closing. - Other
[redacted] [redacted] [redacted] [redacted] 627400048 35228142 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided incorrectly disclosed Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on whether the loan will have an escrow account. 8:01:57 AM Home - Cash-out Explanation &
[Redacted] incorrectly disclosed whether the loan - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400048 35228143 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided incorrectly disclosed Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on whether the loan will have an escrow account. 8:03:43 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400048 35228148 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using [redacted]calendar days of note date guidelines. 6:10:06 PM Home - Cash-out
reasonably reliable third-party records. - Other
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained for foreign borrowers.
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted] of closing from
a 3rd party such as the CPA, regulatory agency
or applicable licensing bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted] and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400048 35228171 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence [redacted]calendar days of note date guidelines. 6:10:06 PM Home - Cash-out provide updated
Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the[redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained for foreign borrowers.
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted] of closing from
a 3rd party such as the CPA, regulatory agency
or applicable licensing bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted]
[redacted] [redacted] [redacted] [redacted] 627400048 35228178 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to No evidence income documentation present in the file. Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Wages verify income due to, missing W-2, Paystub, LES, guidelines. 6:10:06 PM Home - Cash-out
ETS or WVOE. - Other
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained for foreign borrowers.
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted] of closing from
a 3rd party such as the CPA, regulatory agency
or applicable licensing bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted] and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400048 35228184 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Amount of Estimated Property Costs over Year Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - Pre October Disclosures: Amount of Estimated Property Costs [redacted]of on Final Closing Disclosure provided are 7:59:04 AM Home - Cash-out Explanation &
[redacted] over Year [redacted] of on Final Closing underdisclosed. - Other Corrected
Disclosure provided on [redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400048 35228206 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably [redacted]calendar days of note date guidelines. 6:10:06 PM Home - Cash-out
reliable third-party records. - Other
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained for foreign borrowers.
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted] of closing from
a 3rd party such as the CPA, regulatory agency
or applicable licensing bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): General ATR (Not
QM){ellipsis}Foreign National working outside
of the [redacted] and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400048 35228235 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 12:38:17 PM Home - Cash-out
FEMA disaster. - Other
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400048 35228529 Credit Income / Income Income / The verification of employment is required - Waterfall due to missing vvoe dated within [Redacted] Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment and was not found in file. calendar days of note date guidelines. 6:07:03 PM Home - Cash-out
- Other
Reviewer Comment (2026-01-15): [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted] of closing from
a 3rd party such as the CPA, regulatory agency
or applicable licensing bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400050 35217909 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within Reviewer Comment (2026-02-04): WVOE provided. 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted]business days of the Note. [redacted]business days of the Note. Guidelines do not require reverification of 11:51:44 AM -
employment for borrower's residing out of Rate/Term
country.
Seller Comment (2026-02-03): Borrower's full
name per the [redacted] is Timothy Mark
Redvers Evans.
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400050 35231196 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within Reviewer Comment (2026-02-04): WVOE provided. 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted]business days of the Note. Guidelines do not require reverification of 11:51:29 AM -
employment for borrower's residing out of Rate/Term
country.
Seller Comment (2026-02-03): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400052 35220033 Credit Credit Credit Missing Missing Document: Credit Report not provided Credit report is missing. Reviewer Comment (2026-01-23): ICR provided, 1/XX/2026 1 D A NY Investment Refinance N/A N/A No
Documentation Document cleared 1:13:30 PM -
Rate/Term
Seller Comment (2026-01-22): international
credit report supplied
[redacted] [redacted] [redacted] [redacted] 627400052 35220151 Property Credit General Credit The property type differs between the There is a discrepancy in project description type in Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
valuation documents in file. Unable to two appraisal reports provided: Mid Rise versus High documentation in file. 9:47:25 AM -
verify the property type. Ineligible per Rise. Rate/Term
guidelines.
[redacted] [redacted] [redacted] [redacted] 627400052 35220421 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Loan purpose is Rate Term, but borrower is getting cash Reviewer Comment (2026-01-23): Okay per 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Issue greater than the lesser of [redacted]% of Refi Purpose: ___ out more than [redacted] guides, cleared. 1:14:04 PM -
the loan amount or $[redacted]. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400053 35232215 Credit Income / Income Income / Income Docs Missing: - 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 3:22:46 PM Home
[redacted] [redacted] [redacted] [redacted] 627400053 35232234 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The 2/XX/2026 1 B A CA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 3:27:38 PM Home
match the ATR payment calculation methods
under[redacted]
[redacted] [redacted] [redacted] [redacted] 627400053 35232235 Compliance Compliance Federal TRID Defect TRID Ten Percent Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of 10:06:37 AM Home Refund Provide
$[redacted]exceeds tolerance of $[redacted]plus the Following:
[redacted]over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400053 35232248 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 3:24:59 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400053 35232249 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the 3:24:59 PM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400053 35232252 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 10 calendar days of the Note. 2:38:25 PM Home
[redacted] [redacted] [redacted] [redacted] 627400053 35480080 Credit Income / Income Income / Verification(s) of employment is not within - 2/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. 11:17:03 AM Home
[redacted] [redacted] [redacted] [redacted] 627400054 35228543 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Limited
FEMA disaster. Disaster Declaration Date: ___; review date Cash-out
Disaster End Date: ___ GSE
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400054 35228591 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Test Payments: Final Closing Disclosure provided on 7:37:30 AM - Limited Disclosure Cure
[redacted] disclosed an escrow payment for payment Cash-out - Provide the
stream [redacted] that does not match the actual GSE following:
payment for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400054 35228609 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan TILA-RESPA Integrated Disclosure - Loan Disclosures: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Provide the Non QM Non QM Yes
Compliance Escrow - Monthly Escrow Payment Disclosures: Final Closing Disclosure provided Final Closing Disclosure provided on [redacted] 8:01:47 AM - Limited following:
Underdisclosed Test on[redacted] disclosed the Monthly Escrow Payment disclosed the Monthly Escrow Payment that does not match Cash-out Letter of
that does not match the actual escrow payment for the actual escrow payment for the loan. GSE Explanation
the loan. notifying
borrower or
error and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400054 35228610 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing No CD Issued less than 6 days prior to closing and Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least received by the borrower less than [redacted]business 8:08:10 AM - Limited
three ([redacted]) business days prior to closing. days prior to closing. Cash-out
GSE
[redacted] [redacted] [redacted] [redacted] 627400054 35228612 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Tolerance exceeded for Loan Discount Points. Fee Amount 8:45:40 AM - Limited Refund Provide
Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]exceeds tolerance of [redacted] over legal Cash-out the Following:
of [redacted]over legal limit. Insufficient or no limit. Insufficient or no cure was provided to the GSE Letter of
cure was provided to the borrower. borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400055 35228565 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-27): Rate Lock 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor provided. 3:55:25 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400055 35228566 Compliance Compliance Federal Other TILA TILA NMLSR - Individual Originator License Truth in Lending Act (NMLSR Dodd- Frank 2014): Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Violations Status Not Approved Individual Loan Originator not licensed to conduct 7:29:05 AM Home
loan origination activities.
[redacted] [redacted] [redacted] [redacted] 627400055 35228567 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Reviewer Comment (2026-01-27): CPA Letter and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing P&L in file. Meets requirements for FN. 3:38:58 PM Home
Tax Return/XX/Third Party P&L, CPA Letter, or other
Third Party Verification. Seller Comment (2026-01-26): CPA letter, this
is a foreign national, [redacted] income docs
[redacted] [redacted] [redacted] [redacted] 627400055 35228570 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points fee amount of $[redacted]exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount tolerance of [redacted] over legal limit. Insufficient 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted]exceeds tolerance or no cure was provided to the borrower. the Following:
of [redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400055 35228571 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Re-Issue fee amount of $[redacted]exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report tolerance of [redacted] over legal limit. Insufficient 8:45:40 AM Home Refund Provide
Re-Issue Fee. Fee Amount of $[redacted]exceeds or no cure was provided to the borrower the Following:
tolerance of [redacted]over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400055 35228577 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-27): FN, CPA Letter 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence [redacted]calendar days of note date and P&L Statement provided. Meets guidelines 3:58:03 PM Home provide updated
Loan Designation of ATR Fail. requirements. ATR/QM status
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400055 35228579 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-27): FN, CPA Letter 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable [redacted]calendar days of note date and P&L Statement provided. Meets guidelines 3:58:03 PM Home
third-party records. requirements.
Seller Comment (2026-01-26): voe uploaded
[redacted] [redacted] [redacted] [redacted] 627400055 35228581 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-27): FN, CPA Letter 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted]calendar days of note date and P&L Statement provided. Meets guidelines 3:58:03 PM Home
requirements.
[redacted] [redacted] [redacted] [redacted] 627400055 35228673 Credit Income / Income Missing REO Documents are missing. - ___ File is missing Insurance verification doc Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document ___ cleared 11:39:56 AM Home
___
Seller Comment (2026-01-26): REO docs
[redacted] [redacted] [redacted] [redacted] 627400055 35228677 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400055 35228701 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-27): FN, CPA Letter 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and P&L Statement provided. Meets guidelines 3:50:33 PM Home
requirements.
Seller Comment (2026-01-26): n/a foreign
national borrower
[redacted] [redacted] [redacted] [redacted] 627400055 35228702 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-27): Rate Lock 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. provided. 3:58:13 PM Home
Seller Comment (2026-01-26): rate lock
[redacted] [redacted] [redacted] [redacted] 627400055 35228708 Credit Asset Asset Asset Available for Closing is insufficient to Documented qualifying Assets for Closing of Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Calculation / cover Cash From Borrower. $[redacted]is less than Cash from Borrower $[redacted]. cleared 11:45:37 AM Home
Analysis Please provide additional assets.
Seller Comment (2026-01-26): earnest money
[redacted] [redacted] [redacted] [redacted] 627400055 35228971 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-27): FN, CPA Letter 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the [redacted]calendar days of note date and P&L Statement provided. Meets guidelines 3:55:25 PM Home
loan is at ATR risk. requirements.
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400055 35241292 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Guidelines Waterfall due to missing vvoe dated within Reviewer Comment (2026-01-27): Corrected data 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines Do Not Address[redacted] ATR provided do not address all [redacted] factors of [redacted]calendar days of note date capture. 3:43:55 PM Home
Factors ATR.
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400056 35232909 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance [redacted]% of the insurable value of the improvements, Reviewer Comment (2026-02-03): HOI provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Analysis coverage amount is insufficient. as established by the property insurer; or the unpaid cleared. 2:49:04 PM
principal balance of the mortgage, as long as it at
least equals the minimum amount [redacted]% of the Seller Comment (2026-02-02): HOI with
insurable value of the improvements required to replacement cost coverage language
compensate for damage or loss on a replacement cost
basis. If it does not, then coverage that does provide
the minimum required amount must be obtained. There is
a shortfall of $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400056 35232947 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Waterfall due to missing verbal verification of the Reviewer Comment (2026-02-03): VVOE provided, 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence employment. cleared. 2:48:16 PM provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-02): VVOE for business
license with Enviromental Chemical Coporation
s[redacted]
[redacted] [redacted] [redacted] [redacted] 627400056 35232948 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to missing verbal verification of the Reviewer Comment (2026-02-03): VVOE provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using employment. cleared. 2:48:16 PM
reasonably reliable third-party records.
Seller Comment (2026-02-02): VVOE business
licence [redacted] with Enviromental Chemical
Coporation
[redacted] [redacted] [redacted] [redacted] 627400056 35232949 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to [redacted] due to missing verbal verification of the Reviewer Comment (2026-02-03): VVOE provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using employment. cleared. 2:48:16 PM
reasonably reliable third-party records.
Seller Comment (2026-02-02): VVOE B1
verification of license w/ company [redacted]
[redacted] [redacted] [redacted] [redacted] 627400056 35232950 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General [redacted] due to missing verbal verification of the Reviewer Comment (2026-02-03): VVOE provided, 2/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. employment. cleared. 2:48:16 PM
[redacted] [redacted] [redacted] [redacted] 627400056 35232983 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment is required and was Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. not found in file. business days. 2:27:31 PM
[redacted] [redacted] [redacted] [redacted] 627400056 35232984 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment is required and was Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted]calendar days of the Note. not found in file. business days. 2:27:37 PM
[redacted] [redacted] [redacted] [redacted] 627400056 35237561 Credit Income / Income Income / Income Docs Missing: - Missing VVOE. Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment cleared. 2:48:45 PM
Seller Comment (2026-02-02): [redacted]
processor verified VVOEs on [redacted] within
the condition tab
This is the wrong screen to login VVOE info,
but processor made comment that both were
verified as employed on [redacted]
Seller Comment (2026-02-02): VVOE business
licence with company [redacted]
[redacted] [redacted] [redacted] [redacted] 627400056 35237571 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the calendar days of note date cleared. 2:50:21 PM
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400056 35480006 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared. 2:49:25 PM
[redacted] [redacted] [redacted] [redacted] 627400056 35480007 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared. 2:48:37 PM
Seller Comment (2026-02-02): VVOE confirmation
of license with Environmental Chemical Corp
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400056 35712713 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence cleared. 2:50:21 PM provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400058 35228994 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock is missing. Reviewer Comment (2026-02-03): Rate lock 2/XX/2026 1 C A NY Investment Refinance N/A N/A No
documented in file. provided, cleared. 12:09:59 PM - Cash-out
- Other
Seller Comment (2026-01-30): Agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400058 35229054 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400058 35229069 Credit Income / Income Missing REO Documents are missing. - Mortgage Statement missing in file for Address: Reviewer Comment (2026-01-26): Provided, 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Document [redacted] exception cleared. 1:58:17 PM - Cash-out
- Other
Seller Comment (2026-01-26): see attached,
mortgage was newly applied for then withdrawn
w [redacted], u/w kept it in the ratios as
worst case
[redacted] [redacted] [redacted] [redacted] 627400058 35229249 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within 10 business Reviewer Comment (2026-01-29): [redacted] 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment 10 business days of the Note. days of the Note. allows VOE for FNs to be valid up to 4:59:36 PM - Cash-out
[redacted] prior, cleared. - Other
Reviewer Comment (2026-01-26): The WVOE was
not provided, condition remains
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400058 35238170 Credit Income / Income Income / Income documentation requirements not met. [redacted] due to missing VOE within [redacted]days of Reviewer Comment (2026-01-29): [redacted] 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment note. allows VOE for FNs to be valid up to 4:59:49 PM - Cash-out
[redacted] prior, cleared. - Other
Reviewer Comment (2026-01-26): The WVOE was
not provided, condition remains
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400059 35221425 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400059 35221576 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI [redacted] due to DTI. Reviewer Comment (2026-01-27): Departure unit 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders lease added and cleared. 3:40:02 PM
Guidelines Guidelines and [redacted] of [redacted]
significantly exceeds the guideline maximum of Seller Comment (2026-01-27): Rental income for
[redacted]. (DTI Exception requires compelling departing residence per Lease Agreement is
compensating factors to consider regrading to EV2- [redacted] which [redacted] is used
B.) [redacted], when included in income
calculations, DTI is within guidelines
[redacted] [redacted] [redacted] [redacted] 627400059 35221826 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Recording fee increased from [redacted]to [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of without a valid change of circumstance. Insufficient or 10:06:37 AM Refund Provide
[redacted] exceeds tolerance of [redacted] plus no cure was provided to the borrower. the Following:
[redacted] or [redacted]. [redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400059 35223637 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Reviewer Comment (2026-01-27): Departure unit 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. [redacted] exceeds Guideline total debt ratio of lease added and cleared. 3:39:10 PM
Guidelines [redacted]. Due Diligence rental income for departing
Discrepancy residence is less than used by lender. Reviewer Comment (2026-01-27): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation:
Calculated investor qualifying total debt
ratio of [redacted] exceeds Guideline total
debt ratio of[redacted]
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): Rental income for
departing residence per Lease Agreement is
[redacted] which [redacted] is used
[redacted], when included in income
calculations, DTI is within guidelines.
[redacted] [redacted] [redacted] [redacted] 627400059 35223643 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the [redacted] due to DTI. Reviewer Comment (2026-01-27): Departure unit 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the lease added and cleared. 3:40:02 PM
loan is at ATR risk.
Seller Comment (2026-01-27): Rental income for
departing residence per Lease Agreement is
[redacted] which [redacted]is used [redacted],
when included in income calculations, DTI is
within guidelines
[redacted] [redacted] [redacted] [redacted] 627400059 35241159 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Loan designation discrepancy due to DTI. Reviewer Comment (2026-01-27): Departure unit 1/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence lease added and cleared. 3:40:02 PM provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-27): Rental income for Designation
departing residence per Lease Agreement is
[redacted] which[redacted] is used [redacted],
when included in income calculations, DTI is
within guidelines
[redacted] [redacted] [redacted] [redacted] 627400060 35232641 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence Diligence Loan Designation of ATR Fail. cleared. 8:56:01 PM Home provide updated
Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-06): P&L already
attached
[redacted] [redacted] [redacted] [redacted] 627400060 35232642 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Complete income document is not provided, so getting Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. failure. cleared. 8:56:01 PM Home
[redacted] [redacted] [redacted] [redacted] 627400060 35232643 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of [redacted] exceeds tolerance of [redacted] plus 10:06:37 AM Home Refund Provide
[redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]. [redacted] over legal limit. the Following:
[redacted] or [redacted]. [redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400060 35232671 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Tax Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Tax Service Fee Service Fee (Life Of Loan). Fee Amount of [redacted] 8:45:40 AM Home Refund Provide
(Life Of Loan). Fee Amount of [redacted] exceeds charged on Final Closing Disclosure however initial Loan the Following:
tolerance of [redacted]. [redacted] over legal Estimate charged as [redacted]. [redacted] over legal Letter of
limit. Insufficient or no cure was provided to the limit and there is no cure amount and cure letter in Explanation,
borrower. file. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400060 35232686 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to The file was missing the third party verification for Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - Schedule C Test verify current Sole Proprietorship status using the borrower's business. cleared. 8:56:01 PM Home
reasonably reliable third-party records.
Seller Comment (2026-02-06): P&L not required
for Schedule C income
[redacted] [redacted] [redacted] [redacted] 627400060 35232692 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to The file was missing the third party verification for Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing the borrower's business. cleared. 8:56:01 PM Home
Tax Return/XX/Third Party P&L, CPA Letter, or other
Third Party Verification. Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400060 35232695 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to The file was missing the third party verification for Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing the borrower's business. cleared. 8:56:01 PM Home
Tax Return/XX/Third Party P&L, CPA Letter, or other
Third Party Verification. Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400060 35232696 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to The file was missing the third party verification for Reviewer Comment (2026-02-07): Provided and 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing the borrower's business. cleared. 8:56:01 PM Home
Tax Return/XX/Third Party P&L, CPA Letter, or other
Third Party Verification. Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400060 35232704 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400061 35218908 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400061 35218926 Credit Credit General Credit Initial Rate Lock rate date is not Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-12): Client has 2/XX/2026 2 C B FL Second Purchase Non QM Non QM No
documented in file. $[redacted] XXX elected to waive. 6:14:45 PM Home
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by XXX Reviewer Comment (2026-02-02): Seller agrees
at least [redacted] months. with finding. Loan file is missing evidence of
Borrowers made a down payment from their own funds on initial rate lock.
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-01-30): Agree
The qualifying DTI on the loan is at least [redacted]% Send to Buyer
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400061 35219057 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor 7:30:30 AM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400061 35219063 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The The Qualification Method used by the lender does not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not match the ATR payment calculation methods under 7:24:56 AM Home
match the ATR payment calculation methods under [redacted]
[redacted] .
[redacted] [redacted] [redacted] [redacted] 627400061 35219314 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months [redacted] months reserves input per guidelines Reviewer Comment (2026-01-21): Cleared with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. additional assets provided 11:01:26 AM Home
Guidelines
Discrepancy Seller Comment (2026-01-20): assets/reserves
uploaded
[redacted] [redacted] [redacted] [redacted] 627400061 35219317 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 11:41:29 PM Home
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400061 35219318 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 11:41:39 PM Home
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400061 35219480 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE dated within [redacted] days of Note date Reviewer Comment (2026-01-21): Cleared with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the and reserve requirements were not met, causing the loan additional assets provided 11:02:28 AM Home
loan is at ATR risk. to waterfall through QM Testing.
Seller Comment (2026-01-20): VOE not required
and assets uploaded #[redacted]
[redacted] [redacted] [redacted] [redacted] 627400061 35219481 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable : Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure disclosed a Maximum Interest Rate that does not match 7:33:55 AM Home Explanation &
provided on [redacted] disclosed a Maximum the actual maximum interest rate for the loan. Corrected
Interest Rate that does not match the actual Closing
maximum interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400061 35219482 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Amount Final Closing Disclosure provided on [redacted] increasing payment disclosed the maximum possible amount 7:51:46 AM Home Explanation &
with an increasing payment disclosed the maximum of principal and interest that does not match the actual Corrected
possible amount of principal and interest that does maximum amount for the loan. (Final[redacted] ) Closing
not match the actual maximum amount for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400061 35219483 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Amount In Year Final Closing Disclosure provided on [redacted] increasing payment disclosed the earliest date of the 7:52:17 AM Home Explanation &
with an increasing payment disclosed the earliest maximum possible amount of principal and interest that Corrected
date of the maximum possible amount of principal does not match the actual earliest date for Closing
and interest that does not match the actual Disclosure
earliest date for the loan.
[redacted] [redacted] [redacted] [redacted] 627400061 35219484 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the - Provide the
interest payment for payment stream [redacted] actual payment for the loan. following:
that does not match the actual payment for the Letter of
loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400061 35219485 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] payment for the loan. following:
that does not match the actual payment for the Letter of
loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400061 35219486 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the - Provide the
interest payment for payment stream [redacted] actual payment for the loan following:
that does not match the actual payment for the Letter of
loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400061 35219487 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400061 35219488 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400061 35219490 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered to Borrower(s) within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] [redacted] business days of application. Initial Loan 8:12:23 AM Home
business days of application. Initial Loan Estimate Estimate dated [redacted] was electronically provided
dated [redacted] was electronically provided without or prior to borrower's consent to receive
without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the
electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good
provisions of the E-Sign Act and failure to provide faith estimate of fees timely may result in additional
good faith estimate of fees timely may result in fee tolerance violations. (Initial [redacted] )
additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400061 35237246 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Missing VOE dated within [redacted] days of Note date Reviewer Comment (2026-01-21): Cleared with 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence and reserve requirements were not met, causing the loan additional assets provided 11:02:28 AM Home provide updated
Loan Designation of ATR Risk. to waterfall through QM Testing, resulting in a Loan ATR/QM Loan
Designation discrepancy. Seller Comment (2026-01-20): VOE not required Designation
and assets uploaded #[redacted]
[redacted] [redacted] [redacted] [redacted] 627400061 35247012 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Reviewer Comment (2026-01-21): Cleared with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or additional assets provided 11:01:51 AM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-20): VOE not required
eligible to be regraded with compensating factors.) and assets uploaded #[redacted]
[redacted] [redacted] [redacted] [redacted] 627400061 35247017 Credit Asset Asset Asset Asset documentation requirements not met. Reserve requirements were not met. Reviewer Comment (2026-01-21): Cleared with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation additional assets provided 11:01:38 AM Home
Seller Comment (2026-01-20): assets uploaded
#[redacted]
[redacted] [redacted] [redacted] [redacted] 627400061 35247018 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note date. Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment guidelines. 11:41:52 PM Home
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35234715 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Re-Inspection Fee Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B WA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- [redacted] on the Loan Estimate, but was disclosed as 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of [redacted] exceeds [redacted] on the Final Closing Disclosure. No valid the Following:
tolerance of [redacted] over legal limit. COC was provided for this change, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400063 35234716 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Re-Issue Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B WA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report [redacted] on the Loan Estimate, but was disclosed as 8:45:40 AM Home Refund Provide
Re-Issue Fee. Fee Amount of [redacted] exceeds [redacted] on the Final Closing Disclosure. No valid the Following:
tolerance of [redacted] over legal limit. COC was provided for this change, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400063 35234722 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Missing VOE dated within [redacted] days of Note date, Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 C A WA Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of [redacted] does not match Due causing the loan to waterfall through QM Testing, per guides for FN, cleared. 5:35:38 PM Home provide updated
Diligence Loan Designation of ATR Fail. resulting in a Loan Designation discrepancy. ATR/QM status
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35234723 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to Missing VOE dated within [redacted] days of Note date, Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-2 employment status using causing the loan to waterfall through QM Testing. per guides for FN, cleared. 5:35:38 PM Home
reasonably reliable third-party records.
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35234724 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Missing VOE dated within [redacted] days of Note date, Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 A A WA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. causing the loan to waterfall through QM Testing. per guides for FN, cleared. 5:35:38 PM Home
[redacted] [redacted] [redacted] [redacted] 627400063 35236157 Credit Income / Income Income / Verification(s) of employment is not within - Missing VOE dated within [redacted] days of Note date. Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 2:54:09 PM Home
[redacted] [redacted] [redacted] [redacted] 627400063 35246601 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing VOE dated within [redacted] days of Note date, Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or causing the loan to waterfall through QM Testing. per guides for FN, cleared. 5:27:51 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-22): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35246603 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note date Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Employment Documentation Employment per guides for FN, cleared. 5:28:04 PM Home
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35246645 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE dated within [redacted] days of Note date, Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the causing the loan to waterfall through QM Testing. per guides for FN, cleared. 5:28:51 PM Home
loan is at ATR risk.
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400063 35487143 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-22): Not required 1/XX/2026 1 A WA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. per guides for FN, cleared. 5:29:03 PM Home
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400064 35221262 Credit Income / Income Income / Income Docs Missing: - Missing VOE dated within [redacted] days of Note date. Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment for FN 9:56:10 AM Home
[redacted] [redacted] [redacted] [redacted] 627400064 35221362 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the causing the loan to waterfall through QM Testing. for FN 9:58:16 AM Home
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400064 35221367 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of [redacted] exceeds tolerance of [redacted] plus 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted] over legal limit. the Following:
[redacted] or [redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the [redacted] Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400064 35221368 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] ILA-RESPA Integrated Disclosure: [redacted] Percent Fee Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Tolerance exceeded for Loan Discount Points. Fee Amount 8:45:40 AM Home Refund Provide
Points. Fee Amount of [redacted] exceeds of [redacted] exceeds tolerance of [redacted] over the Following:
tolerance of [redacted] . [redacted] over legal legal limit. Insufficient or no cure was provided to the Letter of
limit. Insufficient or no cure was provided to the borrower. [redacted] Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400064 35221382 Credit Income / Income Income / Income documentation requirements not met. waterfall due to missing VOE Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment for FN 9:57:19 AM Home
[redacted] [redacted] [redacted] [redacted] 627400064 35229961 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or causing the loan to waterfall through QM Testing. for FN 9:57:36 AM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400064 35229966 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note date. Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment for FN 9:57:25 AM Home
[redacted] [redacted] [redacted] [redacted] 627400064 35229967 Credit Income / Income Income / Verification(s) of employment is not within - Missing VOE dated within [redacted] days of Note date. Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 8:55:34 AM Home
[redacted] [redacted] [redacted] [redacted] 627400064 35230272 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence causing the loan to waterfall through QM Testing, for FN 9:58:16 AM Home provide updated
Loan Designation of ATR Risk. resulting in a Loan Designation discrepancy. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400064 35486694 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-21): Acceptable WVOE 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. for FN 9:59:11 AM Home
[redacted] [redacted] [redacted] [redacted] 627400065 35217000 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The 1/XX/2026 1 B A NJ Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 5:02:53 PM Home
match the ATR payment calculation methods under
[redacted] .
[redacted] [redacted] [redacted] [redacted] 627400065 35217001 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan 1/XX/2026 1 B A NJ Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on 1:09:37 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of [redacted] is under Explanation,
disclosed by [redacted] compared to the calculated Proof of
Finance Charge of [redacted] which exceeds the Delivery,
[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted] ). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400065 35217002 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Non Escrow TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B NJ Second Purchase Letter of Non QM Non QM Yes
Compliance Costs Year 1 Underdisclosed - October 2018 Disclosures: Non Escrowed Property Costs over Year 7:42:35 AM Home Explanation &
[redacted] of [redacted] on Final Closing Corrected
Disclosure provided on [redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400065 35217003 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan 1/XX/2026 1 B A NJ Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 1:09:37 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on page 5 that does not match the actual following:
total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted] ). The disclosed Total Proof of
of Payments in the amount of [redacted] is under Delivery,
disclosed by [redacted] compared to the calculated Refund check
total of payments of [redacted] which exceeds the for
[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400065 35217761 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Borrower has been employed in the same industry for XXX 1/XX/2026 2 C B NJ Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. more than 5 years. XXX 4:57:50 PM Home
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least XXX
$2500.00. XXX
Borrower has worked in the same position for more than XXX
3 years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
The representative FICO score exceeds the guideline
minimum by at least 40 points.
[redacted] [redacted] [redacted] [redacted] 627400066 35232534 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days 7:44:18 AM
[redacted] [redacted] [redacted] [redacted] 627400066 35235989 Credit Income / Income Income / Income documentation requirements not met. Waterfall due to VOE not within [redacted] days. Reviewer Comment (2026-01-16): Cleared . VOE 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment not required for foreign nationals 2:56:10 PM
Seller Comment (2026-01-16): Policy on page
[redacted]applies to borrowers with employment
in the US. Foreign borrowers with income
outside of the US which applies to this
borrower ([redacted]) will NOT have a VOE, per
product guidelines a written verification of
employment ONLY is obtained.
Reviewer Comment (2026-01-15): Page
[redacted]of [redacted]guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted]days prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted]
days of closing from a 3rd party such as the
CPA, regulatory agency or applicable licensing
bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): Foreign National
working outside of the US and foreign
verification documentation was provided to
verify employment
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400066 35486177 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-16): Cleared . VOE 1/XX/2026 1 A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. not required for foreign nationals 2:56:18 PM
Seller Comment (2026-01-16): See Loan
Exception ID [redacted].
Reviewer Comment (2026-01-15): Page [redacted]
of [redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within [redacted]
days of closing from a 3rd party such as the
CPA, regulatory agency or applicable licensing
bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400067 35233659 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400067 35233727 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted] due to non [redacted] income of CPA letter Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not and Bank statements only provided for income. [redacted] guidelines. 8:36:08 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-06): CPA Letter was
provided and attached
[redacted] [redacted] [redacted] [redacted] 627400067 35233728 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to non [redacted] income of CPA letter Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably and Bank statements only provided for income. [redacted] guidelines. 8:36:08 PM Home
reliable third-party records.
Seller Comment (2026-02-06): CPA Letter was
provided and attached
[redacted] [redacted] [redacted] [redacted] 627400067 35233729 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to non US income of CPA letter and Bank Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably statements only provided for income. [redacted] guidelines. 8:36:08 PM Home
reliable third-party records.
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): CPA Letter was
provided and attached
[redacted] [redacted] [redacted] [redacted] 627400067 35233730 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to non US income of CPA letter and Bank Reviewer Comment (2026-02-07): Okay per 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. statements only provided for income. [redacted] guidelines. 8:36:08 PM Home
[redacted] [redacted] [redacted] [redacted] 627400067 35233731 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Lender did not include the Title - Borrower Attorney Fee Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on of $[redacted] in the finance charge. 7:34:35 AM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400067 35233732 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Lender did not include the Title - Borrower Attorney Fee Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on of $[redacted] in the finance charge. 7:38:46 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400068 35233440 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400068 35233470 Credit Income / Income Missing REO Documents are missing. - Insurance Verification and Tax Verification are missing Reviewer Comment (2026-02-02): REO taxes 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document in the file. Letter of Explanation in file that shows no provided, cleared. 2:21:49 PM Home
insurance or HOA for the primary residence.
Seller Comment (2026-01-29): taxs - if
borrower provided explanation stating no ins
and no HOA, thats all we would have
[redacted] [redacted] [redacted] [redacted] 627400068 35233605 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-02-02): rate lock date 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. secured, cleared. 2:22:14 PM Home
Seller Comment (2026-01-30): Agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400068 35233621 Compliance Compliance Federal ATR/QM Defect Wages Documentation Qualified Mortgage (Dodd-Frank [redacted]): Unable This file was missing a copy of VVOE. Per guidelines, Reviewer Comment (2026-01-27): OK for FN with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance to verity income due to, WVOE provided was dated Verbal Verification of Employment VVOE completed within WVOE 10:34:19 AM Home
more than [redacted] days prior to closing. [redacted] days of closing must be provided.
[redacted] [redacted] [redacted] [redacted] 627400068 35233622 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-02-02): Secured rate 2/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor lock date, cleared. 2:21:29 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400068 35233625 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] 8:12:23 AM Home
([redacted]) business days of application. Initial
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400068 35233640 Compliance Compliance Federal ATR/QM Defect QM Employment History Qualified Mortgage (Dodd-Frank [redacted]): Employment history requirement not met. Reviewer Comment (2026-01-27): tested to NON 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment history requirement not met. QM 10:35:52 AM Home
[redacted] [redacted] [redacted] [redacted] 627400068 35233641 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/XX/Wages) Reviewer Comment (2026-01-27): OK for FN with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status WVOE 10:34:19 AM Home
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400068 35233642 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, WVOE provided was dated Reviewer Comment (2026-01-27): OK for FN with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated more than [redacted] days prior to closing. WVOE 10:34:19 AM Home
more than [redacted] days prior to closing. ([redacted],[redacted]FOX[redacted] Channels do
[redacted]/Wages)
[redacted] [redacted] [redacted] [redacted] 627400068 35233643 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-27): OK for FN with 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. WVOE 10:34:19 AM Home
[redacted] [redacted] [redacted] [redacted] 627400068 35233644 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM does not Reviewer Comment (2026-01-27): tested to Non 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does match Due Diligence Loan Designation of ATR Fail. QM 10:35:52 AM Home provide updated
not match Due Diligence Loan Designation of ATR ATR/QM status
Fail.
[redacted] [redacted] [redacted] [redacted] 627400068 35233662 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-27): OK for FN with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. WVOE 10:32:55 AM Home
[redacted] [redacted] [redacted] [redacted] 627400070 35219330 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Provide a post-disaster inspection verifying there was Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; no damage. The inspection must include exterior photos review date
Disaster End Date: ___ and the property must be re-inspected on or after
[redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400070 35219611 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Loan Calculations (pg [redacted]) - [redacted] of these Reviewer Comment (2026-01-16): Updated fee 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on occurred: Calculated Amount Financed is greater than the name, cleared 4:40:50 PM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed disclosed Amount Financed, and: Primary residence - Provide the
an inaccurate Amount Financed. The disclosed Amount purchase and Calculated Finance Charge exceed disclosed Reviewer Comment (2026-01-14): Cured with following:
Financed in the amount of $[redacted] is over Finance Charge by more than $[redacted] PPCD, however still missing Letter of Letter of
disclosed by $[redacted] compared to the calculated Explanation, Proof of Delivery, Refund check Explanation,
Amount Financed of $[redacted] and the disclosed for underdisclosed equivalent amount, Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400070 35219612 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations (pg [redacted]) - [redacted] of these Reviewer Comment (2026-01-16): Updated fee 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on occurred: Calculated Amount Financed is greater than the name, cleared 4:40:50 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge disclosed Amount Financed, and: Primary residence - Provide the
on page [redacted] that does not match the actual purchase and Calculated Finance Charge exceed disclosed Reviewer Comment (2026-01-14): Cured with following:
Finance Charge for the loan. The disclosed Finance Finance Charge by more than $[redacted] PPCD, however still missing Letter of Letter of
Charge in the amount of $[redacted] is under Explanation, Proof of Delivery, Refund check Explanation,
disclosed by $[redacted] compared to the calculated for underdisclosed equivalent amount, Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400070 35219614 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender Credit Fee was last disclosed as -$[redacted] on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final LE but disclosed as $[redacted] on Final Closing 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid COC for this the Following:
$[redacted] Insufficient or no cure was provided to fee, nor evidence of cure in file. Provide a post- Letter of
the borrower. close CD disclosing the tolerance cure to include Explanation,
$[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400070 35219616 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid COC the Following:
tolerance of $[redacted] $[redacted] over legal for this fee, nor evidence of cure in file. Provide a Letter of
limit. Insufficient or no cure was provided to the post-close CD disclosing the tolerance cure to include Explanation,
borrower. $[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400070 35219617 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Origination Fee was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Origination on LE but disclosed as $[redacted] on Final Closing 8:45:40 AM Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Disclosure. File does not contain a valid COC for this the Following:
of $[redacted] $[redacted] over legal limit. fee, nor evidence of cure in file. Provide a post- Letter of
Insufficient or no cure was provided to the close CD disclosing the tolerance cure to include Explanation,
borrower. $[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400070 35219618 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Fee was last disclosed as $[redacted] on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report LE but disclosed as $[redacted] on Final Closing 8:45:40 AM Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Disclosure. File does not contain a valid COC for this the Following:
of $[redacted] $[redacted] over legal limit. fee, nor evidence of cure in file. Provide a post- Letter of
Insufficient or no cure was provided to the close CD disclosing the tolerance cure to include Explanation,
borrower. $[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400070 35479682 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Cured on PCCD Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 10:28:51 AM Disclosure Cure
[redacted] disclosed an inaccurate Total of Reviewer Comment (2026-01-14): Cured with - Provide the
Payments on page [redacted] that does not match the PPCD, however still missing Letter of following:
actual total of payments for the loan (fee amounts Explanation, Proof of Delivery, Refund check Letter of
included in TOP calculation are based on Closing for underdisclosed equivalent amount, Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400071 35227862 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided on or after the date the Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Primary Purchase No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Closing Disclosure was provided. removed from testing per attestation. 8:41:22 PM
and Received Date Disclosure was provided. (The Revised Loan Estimate
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400071 35227897 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400071 35247163 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid COC or sufficient lender credit provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400071 35247164 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid COC or sufficient lender credit provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report 8:45:40 AM Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400072 35232384 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400074 35236174 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TN Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 12:43:37 PM Home
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400074 35236489 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Closing The file contains only post closing Closing Disclosures Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B TN Second Purchase No Defined Cure Non QM Non QM No
Compliance application date on or after 10/XX/2015, no Disclosure not provided or Closing Disclosure not dated [redacted] with a closing date of [redacted]. 7:32:17 AM Home
Closing Disclosures in the Loan File provided prior to closing. Any applicable Federal,
State or Local compliance testing is unreliable or
not performed. Loan is not subject to high cost
testing.
[redacted] [redacted] [redacted] [redacted] 627400076 35243365 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; No inspection with photos after FEMA disaster end date Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; of [redacted] Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400076 35243477 Credit Income / Income Income / The verification of employment does not meet - ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Employment Documentation Employment the guideline requirements. CPA letter for all self-employment income. cleared 2:52:27 PM
Seller Comment (2026-02-05): CPA letter
uploaded for Exception ID #[redacted]for
Borrower; Co-Borrower is not self-employed.
[redacted] [redacted] [redacted] [redacted] 627400076 35243599 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing CPA letter for all self-employment income and FICO below cleared 2:51:45 PM
Tax Return/XX/Third Party P&L, CPA Letter, or other requirement for [redacted]% LTV.
Third Party Verification.
[redacted] [redacted] [redacted] [redacted] 627400076 35243600 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA letter 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing CPA letter for all self-employment income and FICO below provided, cleared. 3:08:28 PM
Tax Return/XX/Third Party P&L, CPA Letter, or other requirement for [redacted]% LTV.
Third Party Verification. Reviewer Comment (2026-02-05): We need CPA,
third party verification for [redacted] in
order to clear condition.
[redacted] [redacted] [redacted] [redacted] 627400076 35243601 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 B A CT Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not CPA letter for all self-employment income and FICO below cleared. 3:14:47 PM
match the ATR payment calculation methods under requirement for [redacted]% LTV.
1[redacted]
[redacted] [redacted] [redacted] [redacted] 627400076 35243605 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Loan designation failure due to missing third party Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence verification or CPA letter for all self-employment cleared. 3:12:18 PM provide updated
Loan Designation of ATR Fail. income and FICO below requirement for [redacted]% LTV. ATR/QM status
Reviewer Comment (2026-02-05): We need CPA,
third party verification for [redacted] in
order to clear condition.
[redacted] [redacted] [redacted] [redacted] 627400076 35243619 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Unable to verify current K-1 (Less than [redacted]% Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Employment - K-1 Less [redacted]% verify current K-1 (Less than [redacted] Ownership) Ownership) Third party verification or CPA letter for cleared 2:51:45 PM
status using reasonably reliable third-party all self-employment income. ([redacted])
records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243620 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank 2014): Unable to Unable to verify current K-1 (Less than [redacted]% Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Employment - K-1 Less [redacted]% verify current K-1 (Less than [redacted]% Ownership) Third party verification or CPA letter for cleared 2:51:45 PM
Ownership) status using reasonably reliable third- all self-employment income. ([redacted])
party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243621 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify K-1 (Less than [redacted]% Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - K-1 Less [redacted]% verify K-1 (Less than [redacted]Ownership) income Ownership)Third party verification or CPA letter for all cleared 2:51:45 PM
using reasonably reliable third-party records. self-employment income. ([redacted])
[redacted] [redacted] [redacted] [redacted] 627400076 35243622 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify K-1 (Less than [redacted]% Ownership) Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - K-1 Less [redacted]% verify K-1 (Less than [redacted]% Ownership) income Third party verification or CPA letter for all self- cleared 2:51:45 PM
using reasonably reliable third-party records. employment income. ([redacted])
[redacted] [redacted] [redacted] [redacted] 627400076 35243623 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable employment income. ([redacted]) cleared. 3:12:18 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243624 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable employment income. ([redacted]) cleared 2:51:45 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243625 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable employment income. ([redacted]) cleared 2:51:45 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243626 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable employment income. ([redacted] [redacted] /Partnership) cleared 2:51:45 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243627 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable employment income. ([redacted]) cleared. 3:12:18 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243628 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Third party verification or CPA letter for all self- Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably employment income. ([redacted] C) cleared 2:51:45 PM
reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400076 35243629 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 A A CT Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. CPA letter for all self-employment income and FICO below cleared. 3:12:18 PM
requirement for [redacted]% LTV.
[redacted] [redacted] [redacted] [redacted] 627400076 35249116 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Guideline failure is due to missing third party Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Discrepancy / not met verification or CPA letter for all self-employment cleared 2:54:45 PM
Guidelines income and FICO below requirement for [redacted]% LTV.
Discrepancy Seller Comment (2026-02-05): CPA letter
uploaded for Exception ID #[redacted]for
Borrower. Exception Approval uploaded.
[redacted] [redacted] [redacted] [redacted] 627400076 35249121 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or CPA letter for all self-employment income and FICO below cleared 2:55:06 PM
asset doc requirements which could result in a risk requirement for[redacted]% LTV.
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400076 35249125 Credit Income / Income Income / Income documentation requirements not met. ATR failure due to missing third party verification or Reviewer Comment (2026-02-05): CPA provided, 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Employment Documentation Employment CPA letter for all self-employment income. cleared 2:53:33 PM
Seller Comment (2026-02-05): CPA letter
[redacted] [redacted] [redacted] [redacted] 627400076 35249164 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the ATR risk is firing due to missing third party Reviewer Comment (2026-02-05): CPA letter 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the verification or CPA letter for self-employment income provided, cleared. 3:08:28 PM
loan is at ATR risk. and FICO below [redacted]% LTV requrement.
[redacted] [redacted] [redacted] [redacted] 627400076 35249612 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Reviewer Comment (2026-02-05): After further 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. review, exception cleared. 2:44:06 PM
Eligibility Eligibility Eligibility
Seller Comment (2026-02-05): Exception
Approval for LTV uploaded under Exception ID
#[redacted].
[redacted] [redacted] [redacted] [redacted] 627400077 35230850 Credit Missing General Missing Missing Document: Currency Currency Converter/Exchange (Asset) missing in file. Reviewer Comment (2026-01-26): Currency 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Document Document Converter/Exchange (Asset) not provided converter provided, cleared. 2:03:06 PM -
Rate/Term
Seller Comment (2026-01-26): uploaded
Seller Comment (2026-01-26): currency
conversions
Reviewer Comment (2026-01-12): The Asset
conversion doc is dated [redacted] as a last
date and none of the US dollar conversions
match the assets used to qualify, exception
remains.
Seller Comment (2026-01-12): Asset Converter
uploaded
[redacted] [redacted] [redacted] [redacted] 627400077 35230857 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400077 35230860 Credit Income / Income Income / Income Docs Missing: - ___ Currency Converter document is missing in file. Reviewer Comment (2026-01-26): Currency 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment converter provided, cleared. 2:07:02 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400077 35230861 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Reviewer Comment (2026-01-26): Okay with 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Issue greater than the lesser of [redacted]% of Refi Purpose: ___ guides, cleared. 2:09:32 PM -
the loan amount or $[redacted]. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400077 35241199 Credit Income / Income Income / Income documentation requirements not met. [redacted]due to missing currency exchange. Reviewer Comment (2026-01-26): Currency 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment converter provided, cleared. 2:04:58 PM -
Rate/Term
Seller Comment (2026-01-26): uploaded
[redacted] [redacted] [redacted] [redacted] 627400078 35220082 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400078 35221216 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AP Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase Letter of Non QM Non QM Yes
Compliance Disclosed Payment Table: Final Closing Disclosure provided on disclosed an AP Table when not permissible. 7:35:08 AM Explanation &
[redacted] disclosed an AP Table when not Corrected
permissible. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400078 35221217 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CT Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Loan Discount Points. 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted]exceeds tolerance the Following:
of $[redacted]. $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400078 35221223 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Due to third party verification is missing. Reviewer Comment (2026-02-04): Vvoe provided. 2/XX/2026 1 C A CT Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 11:59:10 AM provide updated
Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400078 35221224 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank 2014): Unable to Guideline requirement not met due to missing income Reviewer Comment (2026-02-04): Vvoe provided. 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status documentation. Therefore ATR risk failed. 11:59:10 AM
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400078 35221225 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Guideline requirement not met due to missing income Reviewer Comment (2026-02-04): Vvoe provided. 2/XX/2026 1 A A CT Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. documentation. Therefore ATR risk failed. 11:59:10 AM
[redacted] [redacted] [redacted] [redacted] 627400078 35221228 Credit Income / Income Income / The verification of employment is required - Require VVOE within [redacted]business days form note Reviewer Comment (2026-02-04): Vvoe provided. 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. date. 11:58:15 AM
Seller Comment (2026-02-03): Co-Borrower VOE
dated [redacted]. Note dated [redacted]. VOE
dated within [redacted] business days of Note
date.
[redacted] [redacted] [redacted] [redacted] 627400078 35221229 Credit Income / Income Income / Verification(s) of employment is not within - Require VVOE within [redacted]business days form note Reviewer Comment (2026-02-04): Vvoe provided. 2/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. date. 11:58:15 AM
Seller Comment (2026-02-03): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400079 35232126 Credit Credit Miscellaneous Guideline Credit Exception: Lender exception was approved at origination for cash- The representative FICO score exceeds the guideline Guidelines XXX,Aggregator Reviewer Comment (2026-01-26): Approved 1/XX/2026 2 B B CA Investment Refinance N/A N/A No
out on non-owner-occupied property. Compensating factors minimum by at least [redacted] points. Representative exception with comp factors provided from 1:13:12 PM - Cash-out
are FICO of [redacted], Debt to income ratio of FICO: origination. - Other
[redacted]% and Loan to value of [redacted]% [redacted]
Representative Reviewer Comment (2025-12-15): Client elects
FICO: to downgrade and waive with comp. factor.
[redacted] Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]
[redacted] [redacted] [redacted] [redacted] 627400079 35232127 Credit Credit Miscellaneous Guideline Credit Exception: Lender exception was approved at origination for title The representative FICO score exceeds the guideline Guidelines XXX,Aggregator Reviewer Comment (2026-01-26): Approved 1/XX/2026 2 B B CA Investment Refinance N/A N/A No
held in a trust. Compensating factors are FICO of minimum by at least [redacted] points. Representative exception with comp factors provided from 1:13:16 PM - Cash-out
[redacted], Debt to income ratio of [redacted]% and Loan FICO: origination. - Other
to value of [redacted]% [redacted]
Representative Reviewer Comment (2025-12-15): Client elects
FICO: to downgrade and waive with compensating
[redacted] factors. Guidelines Representative FICO:
[redacted]
Representative FICO: [redacted]
[redacted] [redacted] [redacted] [redacted] 627400079 35232137 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Provide a post-disaster inspection verifying there was Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; no damage. The inspection must include exterior photos review date - Other
Disaster End Date: ___ and the property must be re-inspected on or after
[redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400079 35232138 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Provide a post-disaster inspection verifying there was Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; no damage. The inspection must include exterior photos review date - Other
Disaster End Date: ___ and the property must be re-inspected on or after
[redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400079 35232139 Credit Income / Income Missing REO Documents are missing. - Mortgage statement of primary residence is missing. Reviewer Comment (2026-01-26): Provided and 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document cleared. 1:14:18 PM - Cash-out
- Other
Seller Comment (2026-01-23): Primary residence
calculation is from the credit report and
taxes/homeowners insurance informantion
attached.
[redacted] [redacted] [redacted] [redacted] 627400079 35232140 Credit Credit General Credit Initial Rate Lock rate date is not Rate lock agreement is missing. Reviewer Comment (2026-01-26): Provided and 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
documented in file. cleared. 1:16:05 PM - Cash-out
- Other
Seller Comment (2026-01-23): Lock In Agreement
attached.
[redacted] [redacted] [redacted] [redacted] 627400079 35232143 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-01-26): Provided and 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. cleared. 1:21:57 PM - Cash-out
- Other
Seller Comment (2026-01-23): See attached
VVOE, verified within [redacted] business days
based on closing date of [redacted].
[redacted] [redacted] [redacted] [redacted] 627400080 35219810 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400080 35219814 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Reviewer Comment (2026-02-16): removed 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - Schedule C Test verify current Sole Proprietorship status using schedule C income from qualification 3:12:53 PM
reasonably reliable third-party records.
Seller Comment (2026-02-04): this does not
make sense to obtain as she is a [redacted]
and doesnt own her own business, sent to buyer
Reviewer Comment (2026-02-02): Business
License or Third-party verification document
is not available in file for Co-borrower's
Schedule C Business as "[redacted]". Exception
Remains.
Seller Comment (2026-01-29): n/a coborrower
has minimal schedule C income from being
registered [redacted], likley gets some 1099s
and would have to file under schedule C, is
not an owner of own company, this is not the
main source of income.
[redacted] [redacted] [redacted] [redacted] 627400080 35219815 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-18): waive 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Electronically Provided delivered or placed in the mail to Borrower(s) 11:56:44 AM
within [redacted]([redacted]) business days of
application.
[redacted] [redacted] [redacted] [redacted] 627400080 35219823 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation entered on the 1003 screen Reviewer Comment (2026-02-16): removed 2/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not does not match the calculated Due Diligence Loan schedule C income from qualification 3:12:53 PM provide updated
match Due Diligence Loan Designation of ATR Fail. Designation. ATR/QM status
Seller Comment (2026-02-04): sent to buyer
[redacted] [redacted] [redacted] [redacted] 627400080 35219824 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General One or more of the Ability to Repay components is Reviewer Comment (2026-02-16): removed 2/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. failing. Please see the specific ATR regulation schedule C income from qualification 3:12:53 PM
failures/incompletes for additional information.
[redacted] [redacted] [redacted] [redacted] 627400080 35219825 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Transfer Tax. Fee amount of $[redacted]exceeds tolerance Reviewer Comment (2026-02-18): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Transfer Tax. Fee of $[redacted]. $[redacted]. No change of circumstances 11:56:57 AM Refund Provide
Amount of $[redacted]exceeds tolerance of nor cure was provided to the borrower. the Following:
$[redacted]. $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400080 35219836 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): VVOE document 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days of the Note. received and associated. Exception Cleared. 12:25:43 PM
Seller Comment (2026-01-29): voes
[redacted] [redacted] [redacted] [redacted] 627400080 35219837 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): VVOE document 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days of the Note. received and associated. Exception Cleared. 12:25:43 PM
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400080 35246268 Credit Income / Income Income / Income documentation requirements not met. Waterfall due to missing VOE within [redacted]days of Reviewer Comment (2026-02-02): VVOE document 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment the note. received and associated. Exception Cleared. 12:25:43 PM
Seller Comment (2026-01-29): duplicate
[redacted] [redacted] [redacted] [redacted] 627400080 35246301 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing VOE within [redacted]days of Reviewer Comment (2026-02-02): VVOE document 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or the note. received and associated. Exception Cleared. 12:26:39 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): uploaded
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400080 35246309 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing VOE within [redacted]days of Reviewer Comment (2026-02-02): VVOE document 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, the note. received and associated. Exception Cleared. 12:27:32 PM
the loan is at ATR risk.
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400080 35824701 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-02-16): removed 2/XX/2026 1 A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not schedule C income from qualification 3:15:28 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400080 35824702 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-16): Client elected 2/XX/2026 2 B NY Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than [redacted] years. XXX to regrade and waive 3:13:23 PM
Guidelines Guidelines and [redacted]of[redacted] moderately Borrower has verified disposable income of at least XXX
exceeds the guideline maximum of [redacted]%. (DTI $[redacted] XXX
Exception is eligible to be regraded with Borrower has worked in the same position for more than XXX
compensating factors.) [redacted] years. XXX
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400080 35824722 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of removed schedule C income from qualification Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-18): Client elected 2/XX/2026 2 B NY Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. more than [redacted] years. XXX to regrade and waive 11:56:25 AM
Guidelines Borrower has verified disposable income of at least XXX
Discrepancy $[redacted] XXX Seller Comment (2026-02-18): The co-borrower
Borrower has worked in the same position for more than XXX is a per-diem/visiting Registered Nurse who
[redacted] years. XXX reports this as "other" income on Schedule C
Borrowers made a down payment from their own funds on of their tax returns. A Letter of Explanation
this purchase transaction of at least [redacted]% and (LOX), dated [redacted], outlines deposits
$[redacted] from various home healthcare agencies.
The Combined Loan to Value (CLTV) on the loan is less Supporting documentation, including the LOX
than the guideline maximum by at least [redacted]%. and copies of payment checks, has been
The representative FICO score exceeds the guideline provided.
minimum by at least [redacted] points. As the co-borrower is neither a sole
proprietor nor classified as self-employed,
standard third-party verification is not
required. Nevertheless, third-party evidence
includes signed personal tax returns for
"other" income and a signed 4506-T, both of
which have been provided. Therefore, the co-
borrower's Schedule C income is considered
eligible qualifying income, resulting in a
reduced debt-to-income (DTI) ratio of
[redacted]%.
[redacted] [redacted] [redacted] [redacted] 627400081 35241235 Credit Income / Income Income / The verification of employment is required - Missing VVOE for Borrower completed within Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. [redacted]calendar days of Note. guidelines. 1:25:32 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35241237 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing VVOE for Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Borrower completed within [redacted]calendar days of [redacted] guidelines. 3:59:21 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. Note. ATR/QM status
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35241238 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall finding due to missing VVOE for Borrower Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/W-2 employment status using completed within [redacted]calendar days of Note [redacted] guidelines. 3:49:57 PM Home
reasonably reliable third-party records.
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35241239 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall finding due to missing VVOE for Borrower Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. completed within [redacted]calendar days of Note. [redacted] guidelines. 3:59:21 PM Home
[redacted] [redacted] [redacted] [redacted] 627400081 35241240 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Waterfall finding due to missing VVOE for Borrower Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not completed within [redacted]calendar days of Note. 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400081 35247686 Credit Income / Income Income / Income documentation requirements not met. Missing VVOE for Borrower completed within Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]calendar days of Note. guidelines. 1:24:48 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35247687 Credit Income / Income Income / Verification(s) of employment is not within - Missing VVOE for Borrower completed within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of Note. business days 2:32:35 PM Home
[redacted] [redacted] [redacted] [redacted] 627400081 35247704 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall finding due to missing VVOE for Borrower Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or completed within [redacted] calendar days of Note. guidelines. 1:26:25 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35247744 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall finding due to missing Verbal Verification of Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, Employment (VVOE) for the Borrower, which was to be guidelines. 1:27:12 PM Home
the loan is at ATR risk. completed within [redacted]calendar days of the Note.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400081 35480040 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted]business days of Note. Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 1:25:06 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400083 35230536 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400083 35230539 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Letter of Non QM Non QM Yes
Compliance Adjusts Every Test Final Closing Disclosure provided on [redacted] increasing payment did not disclose the frequency of 7:46:11 AM Home Explanation &
with an increasing payment did not disclose the adjustments. Corrected
frequency of adjustments. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400083 35230542 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing 8:24:23 AM Home
change in loan product and a complete Closing Disclosure was not received by borrower at least
Disclosure was not received by borrower at least [redacted]([redacted]) business days prior to
[redacted]([redacted]) business days prior to consummation.
consummation.
[redacted] [redacted] [redacted] [redacted] 627400083 35230543 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not review, exception cleared. 5:17:38 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-27): Schedule C was
not used, borrower does not have [redacted]tax
returns as income is foreign, income was
calculated using CPA letter which is attached.
[redacted] [redacted] [redacted] [redacted] 627400083 35230544 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay ([redacted] [redacted]): General Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 5:17:38 PM Home
[redacted] [redacted] [redacted] [redacted] 627400083 35230545 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay ([redacted] [redacted]): Unable to Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably review, exception cleared. 5:17:38 PM Home
reliable third-party records.
Seller Comment (2026-01-27): Schedule C was
not used, borrower does not have [redacted]tax
returns as income is foreign, income was
calculated using CPA letter which is attached.
[redacted] [redacted] [redacted] [redacted] 627400083 35230546 Compliance Compliance Federal TRID TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Reviewer Comment (2025-12-13): Sufficient Cure 12/XX/2025 1 A A NY Second Purchase Final CD Non QM Non QM Yes
Compliance With Sufficient Cure Provided At Closing Fee Tolerance exceeded for Credit Report Re-Issue Provided At Closing 12:19:30 AM Home evidences Cure
Fee. Fee Amount of $[redacted]exceeds tolerance of
$[redacted]. Sufficient or excess cure was
provided to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400083 35248149 Credit Income / Income Income / Income documentation requirements not met. Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment review, exception cleared. 5:17:51 PM Home
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): Schedule C was
not used, borrower does not have US tax
returns as income is foreign, income was
calculated using CPA letter which is attached.
[redacted] [redacted] [redacted] [redacted] 627400083 35248160 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay ([redacted][redacted]): There are Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or review, exception cleared. 5:17:38 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-27): Schedule C was
eligible to be regraded with compensating factors.) not used, borrower does not have [redacted]tax
returns as income is foreign, income was
calculated using CPA letter which is attached.
[redacted] [redacted] [redacted] [redacted] 627400083 35248163 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay ([redacted] [redacted]): Based on Appears schedule C was used for income please provide Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, review, exception cleared. 5:18:33 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-27): Schedule C was
not used, borrower does not have [redacted]tax
returns as income is foreign, income was
calculated using CPA letter which is attached.
[redacted] [redacted] [redacted] [redacted] 627400083 35655957 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay ([redacted]): Originator Loan Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence review, exception cleared. 5:18:33 PM Home provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400083 35655958 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 7:40:46 AM Home Disclosure Cure
[redacted]incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400086 35230909 Credit Loan Package Application / Missing Missing Document: Approval not provided Approval is missing in file. Reviewer Comment (2026-01-08): cleared 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing Document 12:44:18 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35230911 Credit Missing General Missing Missing Document: Verification of Non-US Verification of Non-US Citizen Status is missing in Reviewer Comment (2026-01-12): provided 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Document Document Citizen Status not provided file. 12:37:46 PM -
Seller Comment (2026-01-12): documents Rate/Term
uploaded
Seller Comment (2026-01-12): uploaded
[redacted] [redacted] [redacted] [redacted] 627400086 35230913 Credit Missing General Missing Missing Document: Evidence of Access to Evidence of Access to Funds is missing in file. Reviewer Comment (2026-01-12): Assets are 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Document Document Funds not provided personal, exception cleared. 4:40:31 PM -
Rate/Term
Seller Comment (2026-01-12): Business Funds
were not used to qualify.
[redacted] [redacted] [redacted] [redacted] 627400086 35230914 Credit Missing General Missing Missing Document: Evidence of Access to Evidence of Access to Funds is missing in file. Reviewer Comment (2026-01-12): Assets are 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Document Document Funds not provided personal, exception cleared. 4:40:40 PM -
Rate/Term
Seller Comment (2026-01-12): Business funds
were not used to qualify.
[redacted] [redacted] [redacted] [redacted] 627400086 35230915 Credit Loan Package Application / Loan Package FEMA Disaster Issue: Property is located in Reviewer Comment (2026-01-08): over [redacted] 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing Documentation a FEMA Disaster area and has been affected year old 12:44:52 PM -
by the disaster. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35230917 Credit Income / Income Income / Income Docs Missing: - 1120S ([redacted]), 1120S ([redacted]), K-1 Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Employment Documentation Employment ([redacted]), K-1 ([redacted]), W-2, W-2 ([redacted]) review, exception cleared. 5:43:18 PM -
missing in file. Rate/Term
Seller Comment (2026-01-27): Borrower is a
Foreign National does not have [redacted]tax
returns or W2's. Income was provide by XXX,
letter attached.
[redacted] [redacted] [redacted] [redacted] 627400086 35230923 Compliance Compliance Federal Missing Missing Initial Loan Application Testing No evidence of application date located in file. Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Application Compliance tests were run using an application date provided, cleared. 5:32:13 PM -
Date of [redacted] which is [redacted] months prior to Rate/Term
consummation. A lookback was performed to Seller Comment (2026-01-27): Borrower is a
determine this application date using the following Foreign National does not have [redacted]tax
dates: [redacted], [redacted], [redacted], returns or W2's. Income was provide by XXX,
[redacted], [redacted], [redacted], [redacted]. letter attached.
Lookback testing performed up to one of the
following: TRID start date, TIL/XX/MDIA [redacted]
start date, LOS Application Date, Broker
Application Date, or [redacted]months prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400086 35230925 Compliance Compliance Federal TILA NMLS - Missing Evidence of Initial Loan Truth in Lending Act (NMLSR [redacted]): Unable to Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Application Date determine compliance with NMLSR timing requirements provided, cleared. 5:32:13 PM -
due to missing evidence of initial loan application Rate/Term
date. Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): Initial Loan
Application attached signed and dated
[redacted] [redacted] [redacted] [redacted] 627400086 35230926 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay ([redacted] [redacted]): The Reviewer Comment (2026-02-24): After further 2/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not review exception cleared 5:30:51 PM -
match the ATR payment calculation methods under Rate/Term
[redacted]. Reviewer Comment (2026-02-24): reopen
Reviewer Comment (2026-01-28): Initial 1003
provided, cleared.
Seller Comment (2026-01-27): Initial Loan
Application attached signed and dated
[redacted] [redacted] [redacted] [redacted] 627400086 35230931 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-01-12): provided and 1/XX/2026 1 B A CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on cleared 12:37:20 PM - Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners Rate/Term - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400086 35230932 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on 7:52:45 AM - Explanation,
[redacted] disclosed a Product that does not match Rate/Term Re-Disclose
the actual product for the loan. Additional AIR/AP Correct
table failures could apply for loans with an Information
adjustable rate or adjustable payment with
incorrect Product disclosure.
[redacted] [redacted] [redacted] [redacted] 627400086 35230933 Compliance Compliance Federal TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program Reviewer Comment (2026-01-28): Provided, 1/XX/2026 1 B A CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower. cleared. 5:41:57 PM -
Rate/Term
Seller Comment (2026-01-27): Included in
initial loan disclosure package
[redacted] [redacted] [redacted] [redacted] 627400086 35230934 Compliance Compliance Federal TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance Adjustable Rate Mortgages, CHARM Booklet, not 7:22:57 AM -
provided to the borrower. Reviewer Comment (2026-01-28): The Rate/Term
[redacted]handbook was not provided.
Seller Comment (2026-01-27): Plesae review
initial loan disclosure package, includes ARM
info and [redacted]
Seller Comment (2026-01-27): [redacted]booklet
was included in the Initial Loan Disclosure
Package signed [redacted] and applicaton date
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400086 35230936 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-24): After further 2/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence Diligence Loan Designation of ATR Fail. review exception cleared 6:11:44 PM - provide updated
Loan Designation of ATR Fail. Rate/Term ATR/QM status
Reviewer Comment (2026-02-24): reopen
Reviewer Comment (2026-01-28): Initial 1003
provided, cleared.
Seller Comment (2026-01-27): Included in
initial loan disclosure package
[redacted] [redacted] [redacted] [redacted] 627400086 35230937 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify debt obligations using reasonably Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable reliable third-party records. provided, cleared. 5:32:13 PM -
third-party records. Rate/Term
Seller Comment (2026-01-27): Review ICR
[redacted] [redacted] [redacted] [redacted] 627400086 35230938 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank 2014): Unable to Unable to verify S-Corp income using reasonably reliable Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable third-party records. provided, cleared. 5:32:13 PM -
third-party records. Rate/Term
Seller Comment (2026-01-27): Foreign national
income, CPA letter used to qualify income, no
tax returns
[redacted] [redacted] [redacted] [redacted] 627400086 35230939 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Based on the loan failing one or more guideline Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines loan failing [redacted]or more guideline components, the loan is at ATR risk. provided, cleared. 5:32:13 PM -
components, the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-27): Foreign national
income, CPA letter used to qualify income, no
tax returns
[redacted] [redacted] [redacted] [redacted] 627400086 35230940 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 A A CA Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. provided, cleared. 5:32:13 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35230941 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-01-12): provided and 1/XX/2026 1 B A CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance [redacted]Included In Escrow Payments: Final Closing Disclosure provided on [[redacted]incorrectly disclosed whether property taxes cleared 12:37:20 PM - Disclosure Cure
[redacted]ncorrectly disclosed whether property are included in escrow Rate/Term - Provide the
taxes are included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400086 35230943 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at [redacted]business days prior to closing. 8:08:10 AM -
least[redacted] business days prior to closing. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35230944 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not provided within loan images to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance application date on or after 10/XX/2015, no provided within loan images to evidence delivery to evidence delivery to the Borrower(s). The earliest 8:40:38 AM -
Loan Estimates in the Loan File the Borrower(s). The earliest Closing Disclosure Closing Disclosure provided in the loan file was used as Reviewer Comment (2026-01-28): [redacted] Rate/Term
provided in the loan file was used as the estimated the estimated baseline for Tolerance Testing. Depending received rebuttal, however there is no LE
baseline for Tolerance Testing. Depending on the on the actual values on the initial Loan Estimate, a fee provided in file. Please provide Loan estimate
actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted]may be required to re-evaluate the exception.
tolerance cure of up to $[redacted]may be required.
Seller Comment (2026-01-27): Loan Estimate is
enclosed in initial disclosure package
[redacted] [redacted] [redacted] [redacted] 627400086 35655981 Compliance Compliance Federal Compliance Initial Application Indicated ARM Product Unable to determine if the Intiial Loan Application Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 A CA Primary Refinance Non QM Non QM No
Compliance indicated the loan was an Adjustable Rate Mortgage provided, cleared. 5:35:54 PM -
due to missing information. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35655982 Compliance Compliance Federal ATR/QM Defect QM Originator Loan Designation Info Not Qualified Mortgage (Dodd-Frank 2014): Originator Due to missing income documents Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A CA Primary Refinance Non QM Non QM No
Compliance Provided Loan Designation not provided. review, exception cleared. 5:51:35 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400086 35655984 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Contact TILA-RESPA Integrated Disclosure - Contact Missing broker info. Reviewer Comment (2026-01-28): Initial 1003 1/XX/2026 1 A CA Primary Refinance Letter of Non QM Non QM Yes
Compliance Information - Broker Information: Final Closing Disclosure provided on provided, cleared. 5:35:54 PM - Explanation &
[redacted] did not disclose the required Broker Rate/Term Corrected
Contact Information (Broker Name, Broker NMLS ID, Closing
Contact Name, Contact NMLS ID). Disclosure
[redacted] [redacted] [redacted] [redacted] 627400087 35233145 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 1:18:34 PM
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400087 35233223 Credit Income / Income Missing REO Documents are missing. - 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document 4:55:10 PM
[redacted] [redacted] [redacted] [redacted] 627400087 35233375 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence 4:54:21 PM provide updated
Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400087 35233377 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank 2014): The DTI 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders 4:53:24 PM
Guidelines Guidelines and [redacted] significantly exceeds the
guideline maximum of [redacted]%. (DTI Exception
requires compelling compensating factors to
consider regrading to EV2-B.)
[redacted] [redacted] [redacted] [redacted] 627400087 35233378 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within[redacted]) business 8:12:23 AM
days of application. Initial Loan Estimate dated
[redacted] was electronically provided without or
prior to borrower's consent to receive electronic
disclosures. Failure to comply with the provisions
of the E-Sign Act and failure to provide good faith
estimate of fees timely may result in additional
fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400087 35233382 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on 7:34:35 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted]is over Letter of
disclosed by $[redacted]compared to the calculated Explanation,
Amount Financed of $[redacted]and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400087 35233383 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on 7:38:46 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted]that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted]is under Explanation,
disclosed by $[redacted]compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted]threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400087 35233384 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. 8:45:40 AM Refund Provide
Fee Amount of $[redacted]exceeds tolerance of the Following:
[redacted]over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400087 35233413 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. 4:53:35 PM
Guidelines
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400087 35233736 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the 4:54:21 PM
loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400087 35249401 Credit Income / Income Income / Income documentation requirements not met. 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 4:49:03 PM
[redacted] [redacted] [redacted] [redacted] 627400087 35249402 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 10 calendar days of the Note. 3:02:55 PM
[redacted] [redacted] [redacted] [redacted] 627400087 35249403 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 10 calendar days of the Note. 3:03:05 PM
[redacted] [redacted] [redacted] [redacted] 627400087 35249413 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or 4:53:24 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400087 35480298 Credit Income / Income Income / Verification(s) of employment is not within - 2/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. 4:47:13 PM
[redacted] [redacted] [redacted] [redacted] 627400087 35480300 Credit Income / Income Income / Verification(s) of employment is not within - 2/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. 4:40:56 PM
[redacted] [redacted] [redacted] [redacted] 627400088 35230883 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a cleared. 12:48:48 PM -
FEMA disaster. Rate/Term
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400088 35230898 Credit Asset Asset Asset Available for Closing is insufficient to Asset not required per guideline, but borrower required Reviewer Comment (2026-02-03): Asset doc 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Calculation / cover Cash From Borrower. to provide $[redacted]. for closing. No asset document provided, cleared. 2:26:30 PM -
Analysis found in file. Rate/Term
Seller Comment (2026-02-02):
[redacted]statement already attached showing
proof of funds
[redacted] [redacted] [redacted] [redacted] 627400088 35230903 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Asset not required per guideline, but borrower required Reviewer Comment (2026-02-03): Asset doc 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Issue greater than the lesser of [redacted] Refi Purpose: ___ to provide $[redacted]. for closing. No asset document provided, cleared. 2:27:19 PM -
% of the loan amount or $[redacted] found in file. Rate/Term
. Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Borrower had
sufficient funds, [redacted] statement
attached.
[redacted] [redacted] [redacted] [redacted] 627400088 35230904 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-03): Okay with 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] guides, cleared. 2:29:15 PM -
business days of the Note. Rate/Term
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400089 35230441 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted]party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400089 35230461 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): Hazard 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Document Insurance document received and associated. 1:34:53 PM Home
Exception Cleared.
Seller Comment (2026-01-29): insurance
[redacted] [redacted] [redacted] [redacted] 627400089 35230473 Credit Income / Income Income / Verification(s) of employment is not within - Missing VOE dated within [redacted]days of Note. Reviewer Comment (2026-02-02): VVOE is not 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days of the Note. required in this loan. Borrower is foreigner. 1:33:11 PM Home
Exception Cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400089 35230474 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Loan Discount Points. Fee Amount of $[redacted]exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. tolerance of [redacted]. Insufficient or no cure was 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted]exceeds tolerance of provided to the borrower. the Following:
$[redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400089 35230477 Compliance Compliance Federal Missing Notice of Special Flood Hazard Disclosure FDPA Notification Rule: Creditor did not provide a Creditor did not provide a Notice of Special Flood Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B TX Second Purchase Non QM Non QM No
Compliance Disclosure Not Provided Timely Notice of Special Flood Hazard Disclosure within a Hazard Disclosure within a reasonable time prior to 7:24:24 AM Home
reasonable time prior to closing. closing.
[redacted] [redacted] [redacted] [redacted] 627400089 35248316 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Missing VOE dated within [redacted]days of Note, causing Reviewer Comment (2026-02-02): VVOE is not 2/XX/2026 1 C A TX Second Purchase Lender to Non QM Non QM Yes
Compliance Designation of Non QM does not match Due Diligence the loan to waterfall through QM Testing, resulting in a required in this loan. Borrower is foreigner. 1:33:54 PM Home provide updated
Loan Designation of ATR Risk. Loan Designation discrepancy. ATR/QM Loan
Seller Comment (2026-01-29): o Foreign Designation
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400089 35248317 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank 2014): There are Missing VOE dated within [redacted]days of Note, causing Reviewer Comment (2026-02-02): VVOE is not 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or the loan to waterfall through QM Testing. required in this loan. Borrower is foreigner. 1:32:50 PM Home
asset doc requirements which could result in a risk Exception Cleared.
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.) Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400089 35248320 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted]days of Note Reviewer Comment (2026-02-02): VVOE is not 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment required in this loan. Borrower is foreigner. 1:33:11 PM Home
Exception Cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400089 35248369 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): Based on the Missing VOE dated within [redacted]days of Note, causing Reviewer Comment (2026-02-02): VVOE is not 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance Guidelines loan failing one or more guideline components, the the loan to waterfall through QM Testing. required in this loan. Borrower is foreigner. 1:33:54 PM Home
loan is at ATR risk. Exception Cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400091 35232418 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400091 35232594 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): Verified in VOM 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document document Taxes and insurance are escrowed. - 2:50:27 PM Home
Exception Cleared
Seller Comment (2026-01-29): see uploaded VOM
which differentiates the PI vs PITI
[redacted] [redacted] [redacted] [redacted] 627400091 35232599 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): REO tax 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document provided - Exception cleared 2:58:02 PM Home
Seller Comment (2026-01-29): see annual tax
amount for this property on international
credit report
[redacted] [redacted] [redacted] [redacted] 627400091 35232622 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted]business days of the Note. [redacted] with WVOE 10:36:44 AM Home
[redacted] [redacted] [redacted] [redacted] 627400091 35232675 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank 2014): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400091 35232714 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to QM failure. This Reviewer Comment (2026-01-27): Cleared with 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared when all QM related exceptions bank statements provided 10:39:35 AM Home provide updated
match Due Diligence Loan Designation of ATR Fail. are cleared. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400091 35232715 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted] due to missing Verification of Employment Reviewer Comment (2026-01-27): Cleared with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Asset Depletion Income to verity asset depletion income due to, bank [redacted] calendar days from the note bank statements provided 10:39:35 AM Home
statement provided was dated more than [redacted]
days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400091 35232717 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General DTI is excessive due to the wage earnings considered by Reviewer Comment (2026-01-27): Cleared with 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. the lender. Please provide additional support for the bank statements provided 10:39:35 AM Home
income considered.
[redacted] [redacted] [redacted] [redacted] 627400091 35232744 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Adjustable Interest Rate Table: Final Closing Disclosure Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a Maximum Interest Rate 7:33:55 AM Home Explanation &
provided on [redacted] disclosed a Maximum Interest that does not match the actual maximum interest rate for Corrected
Rate that does not match the actual maximum the loan. ( Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400091 35232745 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Adjustable Interest Rate Table: Final Closing Disclosure Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Minimum Interest Rate Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a Minimum Interest Rate 7:34:09 AM Home Explanation &
provided on [redacted] disclosed a Minimum Interest that does not match the actual minimum interest rate for Corrected
Rate that does not match the actual minimum the loan. Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400091 35232746 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Amount Final Closing Disclosure provided on [redacted] [redacted] with an increasing payment disclosed the 7:51:46 AM Home Explanation &
with an increasing payment disclosed the maximum maximum possible amount of principal and interest that Corrected
possible amount of principal and interest that does does not match the actual maximum amount for the loan. Closing
not match the actual maximum amount for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400091 35232747 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Amount In Year Final Closing Disclosure provided on [redacted] [redacted] with an increasing payment disclosed the 7:52:17 AM Home Explanation &
with an increasing payment disclosed the earliest earliest date of the maximum possible amount of Corrected
date of the maximum possible amount of principal principal and interest that does not match the actual Closing
and interest that does not match the actual earliest date for the loan Disclosure
earliest date for the loan.
[redacted] [redacted] [redacted] [redacted] 627400091 35232748 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400091 35232749 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400091 35232750 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on [redacted] disclosed a maximum periodic principal and 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal interest payment for payment stream [redacted] that does - Provide the
and interest payment for payment stream [redacted] not match the actual maximum payment for the loan following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400091 35232751 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on [redacted] disclosed a maximum periodic principal and 7:57:24 AM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal interest payment for payment stream [redacted] that does - Provide the
and interest payment for payment stream [redacted] not match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400091 35232766 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender credit was last disclosed as -$[redacted] on the Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Loan Estimate, but was disclosed as $[redacted] on the 8:30:31 AM Home Refund Provide
Lender Credit of $[redacted] exceeds tolerance of Final Closing Disclosure. No valid COC was provided for the Following:
$[redacted] Insufficient or no cure was provided to this change, nor evidence of cure. Provide a post close Letter of
the borrower. CD disclosing the tolerance violation of $[redacted] a Explanation,
copy of the refund check, proof of delivery, and a copy Proof of
of the LOE to the borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400091 35232780 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Lender credit was last disclosed as $[redacted] on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Property Loan Estimate but was disclosed as $[redacted] on the 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds Final Closing Disclosure. No valid COC was provided for the Following:
tolerance of $[redacted] $[redacted] over legal this change, nor evidence of cure. Provide a post close Letter of
limit. Insufficient or no cure was provided to the CD disclosing the tolerance violation of $[redacted] a Explanation,
borrower. copy of the refund check, proof of delivery, and a copy Proof of
of the LOE to the borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400094 35235329 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 8:50:05 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-27): Foreign national,
no [redacted]tax returns therefore there is no
SCorp
[redacted] [redacted] [redacted] [redacted] 627400094 35235332 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to S-Corp income using reasonably reliable third-party Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable records not provided. review, exception cleared. 8:50:05 PM Home
third-party records.
Seller Comment (2026-01-27): Foreign national,
no [redacted]tax returns therefore there is no
SCorp
[redacted] [redacted] [redacted] [redacted] 627400094 35235334 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General S-Corp income verification not provided Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 8:50:05 PM Home
[redacted] [redacted] [redacted] [redacted] 627400094 35235335 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Loan Estimate provided on [redacted] not received by Reviewer Comment (2026-01-28): After further 1/XX/2026 1 B A CA Second Purchase No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days review, exception cleared. 8:51:50 PM Home
borrower at least four ([redacted]) business days prior to closing
prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400094 35235336 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Transfer Tax. Fee was last disclosed as $[redacted] on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. the Loan Estimate, but was disclosed as $[redacted] on 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Final Closing Disclosure. No valid COC was provided the Following:
$[redacted] $[redacted] over legal limit. for this change, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400094 35235939 Credit Income / Income Income / Income documentation requirements not met. S-Corp income documents not provided Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment review, exception cleared. 8:49:27 PM Home
Seller Comment (2026-01-27): Foreign national,
no [redacted]tax returns therefore there is no
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400094 35235949 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are S Corp income documents not provided Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or review, exception cleared. 8:50:05 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-27): Foreign national,
eligible to be regraded with compensating factors.) no [redacted]tax returns therefore there is no
SCorp
[redacted] [redacted] [redacted] [redacted] 627400094 35236222 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing s-corp income documents Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline review, exception cleared. 8:50:37 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-27): Foreign national,
no [redacted]tax returns therefore there is no
SCorp
[redacted] [redacted] [redacted] [redacted] 627400095 35218949 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from [redacted]party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400095 35219706 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Abstract / Title Search Fee was last disclosed Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Abstract as $[redacted] on loan estimate but disclosed as 8:45:40 AM - Cash-out Refund Provide
/ Title Search. Fee Amount of $[redacted] exceeds $[redacted] on Final Closing Disclosure without a valid - Other the Following:
tolerance of $[redacted] $[redacted] over legal change of circumstance. No cure was provided to the Letter of
limit. Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400095 35219707 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Settlement /XX/ Escrow Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - $[redacted] on loan estimate but disclosed as 8:45:40 AM - Cash-out Refund Provide
Settlement /XX/ Escrow Fee. Fee Amount of $[redacted] on Final Closing Disclosure without a valid - Other the Following:
$[redacted] exceeds tolerance of $[redacted] change of circumstance. No cure was provided to the Letter of
$[redacted] over legal limit. Insufficient or no borrower. Explanation,
cure was provided to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400096 35220281 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Provide a post-disaster inspection verifying there was Greater than [redacted] from [redacted]party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; no damage. The inspection must include exterior photos review date - Other
Disaster End Date: ___ and the property must be re-inspected on or after
Most Recent Valuation Inspection Date: ___; [redacted] declared end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400096 35220514 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Calculated investor qualifying total debt ratio of Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-23): Client elects 1/XX/2026 2 C B CA Investment Refinance N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted]% exceeds Guideline total debt ratio of $[redacted] XXX to waive and regrade for DTI 1:34:35 PM - Cash-out
Guidelines [redacted]%. Borrower total debt $[redacted] / total Borrower has worked in the same position for more than XXX - Other
Discrepancy income $[redacted] = [redacted]% [redacted] years. XXX Seller Comment (2026-01-22): [redacted]
Borrower's monthly reserves have been verified and XXX manager approval for DTI [redacted] over max
exceed the amount required based on the guidelines by XXX DTI of [redacted]%
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400096 35220538 Credit Income / Income Income / Verification(s) of employment is not within - Borrower's income WVOE is available in file, but it is Reviewer Comment (2026-01-23): Okay per 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. not within [redacted] business days from note date. guides, cleared. 1:37:47 PM - Cash-out
- Other
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400097 35230568 Credit Asset Asset Asset Available for Closing is insufficient to Assets for Closing of $[redacted] is less than Cash Reviewer Comment (2026-02-04): Provided 2/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Calculation / cover Cash From Borrower. From Borrower $[redacted] statement, cleared 3:00:30 PM
Analysis
Seller Comment (2026-02-03): Please see
[redacted]for the $ [redacted] deposit to
[redacted][redacted]# [redacted]. [redacted]is
[redacted] , global transfer note - [redacted]
matches both statements . Also supporting docs
for the [redacted] history statements
provided.
Seller Comment (2026-02-03): Please see SOF
for the $ [redacted] deposit to
[redacted][redacted]# [redacted]. SOF is
[redacted] , global transfer note - [redacted]
matches both statements . Also supporting docs
for the [redacted] history statements
provided.
Seller Comment (2026-02-03): Please see SOF
for the $ [redacted] deposit to [redacted]
[redacted]# [redacted]. SOF is [redacted] ,
global transfer note - [redacted] matches both
statements . Also supporting docs for the
[redacted] history statements provided.
Reviewer Comment (2026-02-02): Please provide
a statement for this account and a LOE
explaining where the [redacted] deposit came
from.
Seller Comment (2026-01-29): See upload of
[redacted] - account not showing in [redacted]
list -balance of $ [redacted]
[redacted] [redacted] [redacted] [redacted] 627400097 35230583 Credit Income / Income Income / Income Docs Missing: - Verification of employment is not within [redacted] Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Employment Documentation Employment calendar days. documentation for FN 10:10:09 AM
[redacted] [redacted] [redacted] [redacted] 627400097 35230601 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Verification of employment is not within [redacted] Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 C A OH Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not calendar days. documentation for FN 10:15:17 AM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400097 35230602 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verification of employment is not within [redacted] Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline calendar days. documentation for FN 10:15:17 AM
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400097 35230604 Compliance Compliance State Misc. State Ohio Consumer Sales Practices Act [redacted] Consumer Sales Practices Act: Verification of employment is not within [redacted] Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B OH Primary Purchase Non QM Non QM No
Compliance Level (Acknowledgement of Receipt of Home Mortgage Acknowledgement of Receipt of Home Mortgage Loan calendar days. 8:44:51 AM
Loan Information Document Not Retained by Information Document not retained by lender.
Lender)
[redacted] [redacted] [redacted] [redacted] 627400097 35230605 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance First Change Frequency Test Interest Rate Table: Final Closing Disclosure disclose the First Change frequency. file dated [redacted] singed on [redacted], 2:03:32 PM Explanation &
provided on [redacted] did not disclose the First file contains another CD dated [redacted] not Corrected
Change frequency. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230606 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance First Change Limit Interest Rate Table: Final Closing Disclosure disclose the First Change Limit. file dated [redacted] singed on [redacted], 2:03:59 PM Explanation &
provided on [redacted] did not disclose the First file contains another CD dated [redacted] not Corrected
Change Limit. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230607 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Index Interest Rate Table: Final Closing Disclosure disclose Index. file dated [redacted] singed on [redacted], 2:04:07 PM Explanation &
provided on [redacted] did not disclose Index. file contains another CD dated [redacted] not Corrected
signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230608 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Initial Interest Rate Interest Rate Table: Final Closing Disclosure disclose the Initial Interest Rate. file dated [redacted] singed on [redacted], 2:04:13 PM Explanation &
provided on [redacted] did not disclose the Initial file contains another CD dated [redacted] not Corrected
Interest Rate. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230609 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Margin Interest Rate Table: Final Closing Disclosure disclose Margin file dated [redacted] singed on [redacted], 2:04:20 PM Explanation &
provided on [redacted] did not disclose Margin. file contains another CD dated [redacted] not Corrected
signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230610 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure disclose the Maximum Interest Rate. file dated [redacted] singed on [redacted], 2:04:26 PM Explanation &
provided on [redacted] did not disclose the Maximum file contains another CD dated [redacted] not Corrected
Interest Rate. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230611 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Minimum Interest Rate Interest Rate Table: Final Closing Disclosure disclose the Minimum Interest Rate. file dated [redacted] singed on [redacted], 2:04:33 PM Explanation &
provided on [redacted] did not disclose the Minimum file contains another CD dated [redacted] not Corrected
Interest Rate. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230612 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Subsequent Change Frequency Interest Rate Table: Final Closing Disclosure disclose the Subsequent Changes frequency. file dated [redacted] singed on [redacted], 2:04:40 PM Explanation &
provided on [redacted] did not disclose the file contains another CD dated [redacted] not Corrected
Subsequent Changes frequency. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230613 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Subsequent Change Limit Interest Rate Table: Final Closing Disclosure disclose the Subsequent Changes Limit. file dated [redacted] singed on [redacted], 2:04:46 PM Explanation &
provided on [redacted] did not disclose the file contains another CD dated [redacted] not Corrected
Subsequent Changes Limit. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230614 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclose the Amount Financed. file dated [redacted] singed on [redacted], 2:04:53 PM Disclosure Cure
[redacted] did not disclose the Amount Financed. file contains another CD dated [redacted] not - Provide the
signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400097 35230615 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR Irregular TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Transaction Calculations: Final Closing Disclosure provided on disclose the APR file dated [redacted] singed on [redacted], 2:05:00 PM Disclosure Cure
[redacted] did not disclose the APR. file contains another CD dated [redacted] not - Provide the
signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230616 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Contact TILA-RESPA Integrated Disclosure - Contact Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Information - Lender Information: Final Closing Disclosure provided on disclose the required Lender Contact Information (Lender file dated [redacted] singed on [redacted], 2:05:06 PM Explanation &
[redacted] did not disclose the required Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID file contains another CD dated [redacted] not Corrected
Contact Information (Lender Name, Lender NMLS ID, signed by borrower, excluded from testing Closing
Contact Name, Contact NMLS ID). Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230617 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Maximum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment (Maximum) file dated [redacted] singed on [redacted], 2:05:14 PM Disclosure Cure
[redacted] disclosed an Estimated Total Monthly for payment stream [redacted] that does not match the file contains another CD dated [redacted] not - Provide the
Payment (Maximum) for payment stream [redacted] actual total payment for the loan. signed by borrower, excluded from testing following:
that does not match the actual total payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230618 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Maximum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment (Maximum) file dated [redacted] singed on [redacted], 2:05:20 PM Disclosure Cure
[redacted] disclosed an Estimated Total Monthly for payment stream [redacted] that does not match the file contains another CD dated [redacted] not - Provide the
Payment (Maximum) for payment stream [redacted] actual total payment for the loan signed by borrower, excluded from testing following:
that does not match the actual total payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230619 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Maximum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment (Maximum) file dated [redacted] singed on [redacted], 2:05:27 PM Disclosure Cure
[redacted] disclosed an Estimated Total Monthly for payment stream [redacted] that does not match the file contains another CD dated [redacted] not - Provide the
Payment (Maximum) for payment stream [redacted] actual total payment for the loan. signed by borrower, excluded from testing following:
that does not match the actual total payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230620 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Minimum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment for payment file dated [redacted] singed on [redacted], 2:05:34 PM Disclosure Cure
Subsequent Payments [redacted] disclosed an Estimated Total Monthly stream [redacted] that does not match the actual total file contains another CD dated [redacted] not - Provide the
Payment for payment stream [redacted] that does not payment for the loan. signed by borrower, excluded from testing following:
match the actual total payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230621 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Minimum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment for payment file dated [redacted] singed on [redacted], 2:05:41 PM Disclosure Cure
Subsequent Payments [redacted] disclosed an Estimated Total Monthly stream [redacted] that does not match the actual total file contains another CD dated [redacted] not - Provide the
Payment for payment stream [redacted] that does not payment for the loan. signed by borrower, excluded from testing following:
match the actual total payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230622 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Total Minimum Payment Adjustable Rate Payments: Final Closing Disclosure provided on disclosed an Estimated Total Monthly Payment for payment 7:38:09 AM Disclosure Cure
Subsequent Payments [redacted] disclosed an Estimated Total Monthly stream [redacted] that does not match the actual total - Provide the
Payment for payment stream [redacted] that does not payment for the loan. following:
match the actual total payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230623 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclose the Finance Charge. file dated [redacted] singed on [redacted], 2:05:56 PM Disclosure Cure
[redacted] did not disclose the Finance Charge. file contains another CD dated [redacted] not - Provide the
signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400097 35230624 Compliance Compliance Federal TRID TRID Final Closing Disclosure Interest Rate TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Change After Closing Testing Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the Interest Rate can file dated [redacted] singed on [redacted], 2:06:02 PM Explanation &
incorrectly disclosed whether the Interest Rate can change. file contains another CD dated [redacted] not Corrected
change. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230625 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Mortgage TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Payment Payments: Final Closing Disclosure provided on disclose the mortgage insurance payment for payment file dated [redacted] singed on [redacted], 2:06:09 PM Disclosure Cure
[redacted] did not disclose the mortgage insurance stream [redacted]. file contains another CD dated [redacted] not - Provide the
payment for payment stream [redacted]. signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230626 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Mortgage TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Payment Payments: Final Closing Disclosure provided on disclose the mortgage insurance payment for payment file dated [redacted] singed on [redacted], 2:06:37 PM Disclosure Cure
[redacted] did not disclose the mortgage insurance stream [redacted]. file contains another CD dated [redacted] not - Provide the
payment for payment stream [redacted]. signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230627 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Mortgage TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Payment Payments: Final Closing Disclosure provided on disclose the mortgage insurance payment for payment file dated [redacted] singed on [redacted], 2:06:43 PM Disclosure Cure
[redacted] did not disclose the mortgage insurance stream [redacted]. file contains another CD dated [redacted] not - Provide the
payment for payment stream [redacted]. signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230628 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Mortgage TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Payment Payments: Final Closing Disclosure provided on disclose the mortgage insurance payment for payment file dated [redacted] singed on [redacted], 2:06:49 PM Disclosure Cure
[redacted] did not disclose the mortgage insurance stream [redacted]. file contains another CD dated [redacted] not - Provide the
payment for payment stream [redacted]. signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230629 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Non Escrow TILA-RESPA Integrated Disclosure - Loan Non-Escrowed Property Costs over Year [redacted] of Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Costs Year [redacted] Underdisclosed - Disclosures: Non Escrowed Property Costs over Year [redacted] on Final Closing Disclosure provided on file dated [redacted] singed on [redacted], 2:06:55 PM Explanation &
[redacted] [redacted] [redacted] of [redacted] on Final Closing [redacted] are under disclosed. file contains another CD dated [redacted] not Corrected
Disclosure provided on [redacted] are signed by borrower, excluded from testing Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230630 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Partial TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Payments Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan allows for file dated [redacted] singed on [redacted], 2:07:01 PM Explanation &
[redacted] incorrectly disclosed whether the loan Partial Payments. file contains another CD dated [redacted] not Corrected
allows for Partial Payments. signed by borrower, excluded from testing Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400097 35230631 Compliance Compliance Federal TRID TRID Final Closing Disclosure Principal and TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Interest Change After Closing Testing Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the Principal and Interest file dated [redacted] singed on [redacted], 2:07:08 PM Disclosure Cure
incorrectly disclosed whether the Principal and Payment can change. file contains another CD dated [redacted] not - Provide the
Interest Payment can change. signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400097 35230632 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on disclosed a Product that does not match the actual file dated [redacted] singed on [redacted], 2:07:14 PM Explanation,
[redacted] disclosed a Product that does not match product for the loan. Additional AIR/AP table failures file contains another CD dated [redacted] not Re-Disclose
the actual product for the loan. Additional AIR/AP could apply for loans with an adjustable rate or signed by borrower, excluded from testing Correct
table failures could apply for loans with an adjustable payment with incorrect Product disclosure Information
adjustable rate or adjustable payment with
incorrect Product disclosure.
[redacted] [redacted] [redacted] [redacted] 627400097 35230633 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] did not Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on disclose the Total of Payments. file dated [redacted] singed on [redacted], 2:07:22 PM Disclosure Cure
[redacted] did not disclose the Total of Payments. file contains another CD dated [redacted] not - Provide the
signed by borrower, excluded from testing following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400097 35230634 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-01-14): Final CD in 1/XX/2026 1 B A OH Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing file dated [redacted] singed on [redacted], 2:07:28 PM
change in loan product and a complete Closing Disclosure was not received by borrower at least file contains another CD dated [redacted] not
Disclosure was not received by borrower at least [redacted] ([redacted]) business days prior to signed by borrower, excluded from testing
[redacted] ([redacted]) business days prior to consummation.
consummation.
[redacted] [redacted] [redacted] [redacted] 627400097 35230636 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Discrepancy / discrepancy. cleared 10:14:42 AM
Guidelines
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400097 35231257 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days. business days 7:45:54 AM
[redacted] [redacted] [redacted] [redacted] 627400097 35231300 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Investor qualifying total debt ratio of [redacted]% Reviewer Comment (2026-01-21): Updated income 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or exceeds Guideline total debt ratio of [redacted]% docs provided 10:12:23 AM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400097 35231301 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 C A OH Primary Purchase Non QM Non QM No
Employment Documentation Employment calendar days. documentation for FN 10:11:28 AM
[redacted] [redacted] [redacted] [redacted] 627400097 35486183 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-21): Acceptable 1/XX/2026 1 A OH Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. documentation for FN 10:11:35 AM
[redacted] [redacted] [redacted] [redacted] 627400100 35243019 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Require a post-disaster inspection verifying there was Greater than [redacted] from [redacted]party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; no damage to the subject property. review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400100 35243043 Credit Hazard Insufficient Hazard The Hazard Insurance Policy Effective Date Hazard Insurance Policy Effective Date ___, Effective date is [redacted] same as disbursement date. Reviewer Comment (2026-01-22): Okay per guides 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Insurance Coverage Insurance is after closing. Disbursement Date: ___ up to disbursement date cleared 5:48:59 PM
Seller Comment (2026-01-22): agree
insurance binder is dated [redacted] day after
the closing date
[redacted] [redacted] [redacted] [redacted] 627400100 35248526 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note Reviewer Comment (2026-01-23): Okay per 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment guides, cleared. 1:51:03 PM
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400100 35248532 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-23): okay per 1/XX/2026 1 C A TX Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not causing the loan to waterfall through QM Testing, guides, cleared. 1:58:32 PM provide updated
match Due Diligence Loan Designation of ATR Risk. resulting in a Loan Designation discrepancy. ATR/QM Loan
Seller Comment (2026-01-22): Foreign borrowers Designation
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400100 35248533 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-23): Okay with 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or causing the loan to [redacted] through QM Testing. guides, cleared. 1:57:28 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-22): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400100 35248545 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-23): okay per 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline causing the loan to [redacted] through QM Testing. guides, cleared. 1:58:32 PM
components, the loan is at ATR risk.
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400101 35221049 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted]party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400101 35221062 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Document met. 9:04:25 PM
Seller Comment (2026-01-27): Property is a
Coop, there is no taxes or HOI
[redacted] [redacted] [redacted] [redacted] 627400103 35222828 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted]party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400103 35248971 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date business days. 2:31:21 PM
[redacted] [redacted] [redacted] [redacted] 627400103 35480030 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared. 8:28:32 PM
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): [redacted] VVOE
Screen shot attached
[redacted] [redacted] [redacted] [redacted] 627400104 35235551 Credit Income / Income Missing REO Documents are missing. - ___ Missing tax certificate for REO property located Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document at[redacted] borrower. REO meets requirements. 1:27:22 PM - Cash-out
- Other
Seller Comment (2026-01-30): No insurance and
taxes taken from ICR
[redacted] [redacted] [redacted] [redacted] 627400104 35235560 Credit Income / Income Missing REO Documents are missing. - ___ Missing tax certificate for REO property located at Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document [redacted] [redacted]-[redacted] [redacted]. borrower. REO meets requirements. 1:22:28 PM - Cash-out
- Other
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): Taxes taken from
ICR, no HOI and HOA attached
[redacted] [redacted] [redacted] [redacted] 627400104 35236907 Credit Income / Income Income / Income documentation requirements not met. [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment calendar days of note date income is outside of [redacted] 1:20:37 PM - Cash-out
- Other
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400104 35247790 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] l due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date business days 3:06:04 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400104 35247791 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] l due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date business days 3:06:12 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400104 35480338 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. income is outside of [redacted] 1:26:56 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400104 35480339 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. income is outside of [redacted] 1:20:49 PM - Cash-out
- Other
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400105 35232631 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted]party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400105 35237999 Credit Loan Package Closing / Loan Package Title Error: Title vesting does not concur Vesting on Final Title Policy includes [redacted], Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Title Documentation with deed Security Instrument vesting is [redacted] only review, exception cleared. 2:53:52 PM - Cash-out
- Other
Seller Comment (2026-02-04): The updated
title, dated [redacted] , confirms that
both[redacted] (Borrower) and [redacted] (Co-
Borrower) are vested on the title.
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400105 35238106 Credit Loan Package Application / Missing Missing Document: Other not provided [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-02-04): Okay per 2/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing Document calendar days of note date. [redacted] guidelines. 2:52:29 PM - Cash-out
- Other
Seller Comment (2026-02-04): Please Note: Our
policy is that the VOE is completed within
[redacted] business days not calendar days, as
documented in the exceptions.
Seller Comment (2026-02-04): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400106 35238841 Credit Asset Asset Asset Guideline Issue:Insufficient asset - Provided one month bank statement required [redacted] Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation documentation. more month bank statement(#[redacted]-[redacted]) cleared. 9:30:29 PM Home
Seller Comment (2026-02-03): doc upload
Seller Comment (2026-02-03): [redacted] months
statements attached
Reviewer Comment (2026-02-02): Please provide
letter of explanation for the bank statement
Exception remains.
Seller Comment (2026-01-29): doc upload
Seller Comment (2026-01-29): This was a new
account just opened, therefore there was only
the one statement avaialble - [redacted]
current balance statment in file showing
current balance as of [redacted]
[redacted] [redacted] [redacted] [redacted] 627400106 35238871 Credit Income / Income Missing REO Documents are missing. - The file is missing the mortgage Reviewer Comment (2026-02-02): Received 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document statement/XX/insurance/XX/all PITIA documentation for insurance document. Exception cleared. 2:04:30 PM Home
this property. Please provide for review.
Seller Comment (2026-01-29): ICR provides
mortgage balance and payment
Seller Comment (2026-01-29): doc upload
Seller Comment (2026-01-29): No HOA per lox
from borrower and HOI Is attached
[redacted] [redacted] [redacted] [redacted] 627400106 35238917 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400106 35239160 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall due to VOE within [redacted] calendar days Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not from the note was not provided for both borrowers further review 2:58:59 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400106 35239161 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/W-[redacted] employment Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status status using reasonably reliable third-party records. further review 2:59:21 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-29): Foreign income
does not have W2's.
[redacted] [redacted] [redacted] [redacted] 627400106 35239162 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-24): After further 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review exception cleared 5:34:29 PM Home
[redacted] [redacted] [redacted] [redacted] 627400106 35239286 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Appraisal Fee was last disclosed as $[redacted] on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. Loan Estimate, but was disclosed as $[redacted] on the 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Final Closing Disclosure. No valid COC was provided for the Following:
$[redacted] $[redacted] over legal limit. this change, nor evidence of cure. Provide a post close Letter of
Insufficient or no cure was provided to the CD disclosing the tolerance violation of $[redacted] a Explanation,
borrower. copy of the refund check, proof of delivery, and a copy Proof of
of the LOE to the borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400106 35239287 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Fee was last disclosed as $[redacted] on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Loan Estimate, but was disclosed as $[redacted] on the 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Final Closing Disclosure. No valid COC was provided for the Following:
of $[redacted] $[redacted] over legal limit. this change, nor evidence of cure. Provide a post close Letter of
Insufficient or no cure was provided to the CD disclosing the tolerance violation of $[redacted] a Explanation,
borrower. copy of the refund check, proof of delivery, and a copy Proof of
of the LOE to the borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400106 35239309 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. further review 3:11:20 PM Home
Guidelines
Discrepancy Seller Comment (2026-01-29): [redacted] ;
[redacted] #[redacted] $[redacted]
CAD=$[redacted] US. Reserves $[redacted] ;
CTC Final CD $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400106 35239311 Credit Income / Income Income / The verification of employment is required - VOE within [redacted] calendar days from the note was Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. not provided for both borrowers further review 2:48:07 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400106 35239312 Credit Income / Income Income / Verification(s) of employment is not within - VOE within [redacted] calendar days from the note was Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. not provided for both borrowers further review 2:47:56 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400106 35239313 Credit Income / Income Income / Verification(s) of employment is not within - VOE within [redacted] calendar days from the note was Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. not provided for both borrowers further review 2:47:42 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400106 35239517 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to VOE within [redacted] calendar days Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline from the note was not provided for both borrowers further review 2:47:31 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400107 35236022 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a FEMA disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from [redacted]party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos, and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared Disaster End Date.
[redacted] [redacted] [redacted] [redacted] 627400107 35236025 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a FEMA disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from [redacted]party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos, and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared Disaster End Date.
[redacted] [redacted] [redacted] [redacted] 627400107 35236611 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Final Lender Credit of $[redacted] exceeds tolerance of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final $[redacted] Insufficient or no cure was provided to the 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of borrower. the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400107 35237262 Credit Asset Asset Asset Asset documentation requirements not met. Asset documentation requirements not met due to Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation calculated PITIA months reserves of [redacted] is less met. 8:30:19 PM
than Guideline PITIA months reserves of [redacted].
Seller Comment (2026-01-28): see guides - need
[redacted] months or $[redacted] deposit
[redacted] [redacted] [redacted] [redacted] 627400107 35237263 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of ___ is less Calculated PITIA months reserves of [redacted] is less Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Discrepancy / discrepancy. than Guideline PITIA months reserves of ___. than Guideline PITIA months reserves of [redacted]. met. 8:30:23 PM
Guidelines
Discrepancy Seller Comment (2026-01-27): guideline pg
[redacted]
Seller Comment (2026-01-27): see guideline and
evidence of $[redacted] deposit
Seller Comment (2026-01-27): see preferred
guidelines - [redacted] months or $[redacted]
deposit relationship required - borrower
established $[redacted] account
[redacted] [redacted] [redacted] [redacted] 627400107 35237282 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non-QM does not match Due Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Risk due to calculated met. 8:31:52 PM provide updated
match Due Diligence Loan Designation of ATR Risk. PITIA months reserves of [redacted] is less than ATR/QM Loan
Guideline PITIA months reserves of [redacted]. Designation
[redacted] [redacted] [redacted] [redacted] 627400107 35237284 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, components, the loan is at ATR risk due to calculated met. 8:31:52 PM
the loan is at ATR risk. PITIA months reserves of [redacted] is less than
Guideline PITIA months reserves of [redacted].
[redacted] [redacted] [redacted] [redacted] 627400107 35237285 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are There is guideline deficiencies related to income and/or Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or asset doc requirements which could result in a risk to met. 8:31:17 PM
asset doc requirements which could result in a risk the borrower's ability to repay due to calculated PITIA
to the borrower's ability to repay. (Exception is months reserves of [redacted] is less than Guideline
eligible to be regraded with compensating factors.) PITIA months reserves of [redacted].
[redacted] [redacted] [redacted] [redacted] 627400107 35237406 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The The Qualification Method used by the lender does not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not match the ATR payment calculation methods under 7:24:56 AM
match the ATR payment calculation methods under [redacted](c)([redacted]).
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400108 35227969 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): Tax 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document verification and Insurance verification 2:06:56 PM Home
associated. Exception cleared.
Seller Comment (2026-01-29): See ICR for taxes
on property, lox no hoi / hoa provided
[redacted] [redacted] [redacted] [redacted] 627400108 35228076 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. [redacted] guidelines 4:55:18 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-29): please clear,
docs provided
[redacted] [redacted] [redacted] [redacted] 627400108 35228077 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/W-[redacted] employment Reviewer Comment (2026-02-02): Not required 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status status using reasonably reliable third-party records. for foreign borrowers 4:03:34 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-29): foreign income -
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400108 35228079 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines 4:55:18 PM Home
[redacted] [redacted] [redacted] [redacted] 627400108 35228094 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-02-02): Additional Bank 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Discrepancy / discrepancy. Statement received and associated. Exception 12:04:26 PM Home
Guidelines cleared.
Discrepancy
Seller Comment (2026-01-29): See uploaded
bank account statements for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400108 35228096 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. foreign national also we have the employer 11:57:54 AM Home
letter which verify the employment, Exception
cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400108 35228097 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. foreign national also we have the employer 11:57:54 AM Home
letter which verify the employment, Exception
cleared.
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400108 35228103 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Loan is ATR Risk due to missing income documentation and Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline credit documentation. foreign national also we have the employer 2:04:16 PM Home
components, the loan is at ATR risk. letter which verify the employment, Exception
cleared.
Seller Comment (2026-01-29): provided . please
clear
[redacted] [redacted] [redacted] [redacted] 627400108 35250287 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Missing W-[redacted]s for [redacted] and [redacted] ( Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or Gross Income was taken from Employer Letters in file foreign national also we have the employer 2:01:21 PM Home
asset doc requirements which could result in a risk with [redacted] and [redacted] wages) letter which verify the employment, Exception
to the borrower's ability to repay. (Exception is cleared.
eligible to be regraded with compensating factors.)
Seller Comment (2026-01-29): provided please
clear
[redacted] [redacted] [redacted] [redacted] 627400108 35250346 Credit Income / Income Income / Income documentation requirements not met. Missing [redacted] & [redacted] W[redacted]s and VOE Reviewer Comment (2026-02-02): Borrower is 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment foreign national also we have the employer 2:02:26 PM Home
letter which verify the employment, Exception
cleared.
Seller Comment (2026-01-29): dupe - see upload
Seller Comment (2026-01-29): please clear,
uploaded
Seller Comment (2026-01-29): no w2s available,
as foreign income. see foreign voes uploaded
[redacted] [redacted] [redacted] [redacted] 627400108 35703706 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. [redacted] guidelines 4:54:11 PM Home
[redacted] [redacted] [redacted] [redacted] 627400108 35703709 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] guidelines 4:54:08 PM Home
[redacted] [redacted] [redacted] [redacted] 627400111 35234813 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 12:54:34 PM Home
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400111 35234842 Credit Income / Income Missing REO Documents are missing. -I1175 ___ Insurance Verification, Statement, Tax Verification is Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document missing in this file cleared 1:42:07 PM Home
Seller Comment (2026-01-22): [redacted]
expenses
[redacted] [redacted] [redacted] [redacted] 627400111 35234878 Credit Income / Income Missing REO Documents are missing. - ___ Missing documentation to verify monthly housing Payment Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document cleared 1:42:16 PM Home
Seller Comment (2026-01-22): [redacted] mtg
statement, conversions, credit report showing
taxes and explanations no HOI/XX/HOA
[redacted] [redacted] [redacted] [redacted] 627400111 35234899 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Other Includes TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Good Faith Non QM Non QM Yes
Compliance Insurance Costs Payments Estimated Taxes, Insurance, & Assessments: 7:43:07 AM Home Redisclosure
Final Closing Disclosure provided on [redacted]
disclosed whether insurance is included in escrow
in incorrect section. Creditor disclosed insurance
cost to consumer in "Other" section where
regulation requires insurance to be disclosure
under "Homeowner's Insurance" section. Disclosure
requirement met, non-material exception for
incorrect format/placement.
[redacted] [redacted] [redacted] [redacted] 627400111 35234900 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within three ([redacted]) 8:12:23 AM Home
business days of application. Initial Loan Estimate
dated [redacted] was electronically provided
without or prior to borrower's consent to receive
electronic disclosures. Failure to comply with the
provisions of the E-Sign Act and failure to provide
good faith estimate of fees timely may result in
additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400111 35234917 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Overrode 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclosed an Amount Financed disclosed an inaccurate maintenance fees and renamed title service 2:57:29 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Amount Financed. The disclosed Amount Financed in the charge to Adminstative fees as per cd - Provide the
an inaccurate Amount Financed. The disclosed Amount amount of $[redacted] is over disclosed by $[redacted] following:
Financed in the amount of $[redacted] is over compared to the calculated Amount Financed of Letter of
disclosed by $[redacted] compared to the calculated $[redacted] and the disclosed Finance Charge is not Explanation,
Amount Financed of $[redacted] and the disclosed accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400111 35234918 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Overrode 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page maintenance fees and renamed title service 2:57:29 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge charge to Adminstative fees as per cd - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400111 35234949 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. for [redacted] 1:39:51 PM Home
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400111 35249540 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note. Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment for [redacted] 1:40:43 PM Home
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400111 35249658 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not causing the loan to waterfall through QM Testing. for [redacted] 1:41:35 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-22): o Foreign Designation
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400111 35249659 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or causing the loan to [redacted] through QM Testing. for [redacted] 1:40:57 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-22): o Foreign
eligible to be regraded with compensating factors.) borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400111 35249673 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing VOE dated within [redacted] days of Note, Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline causing the loan to waterfall through QM Testing. for [redacted] 1:41:35 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400111 35480244 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Administration Fee. Fee Amount of $[redacted] exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Administration Fee. Fee tolerance of $[redacted] $[redacted] over legal limit. 8:45:40 AM Home Refund Provide
Amount of $[redacted] exceeds tolerance of Insufficient or no cure was provided to the borrower. the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400112 35221341 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Analysis coverage amount is insufficient. met. 11:14:29 PM - Cash-out
- Other
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): Guidelinse state:
Policy meets the [redacted] family coverage
requirements of [redacted] % of the
replacement cost of the insurable improvements
as determined by the property insurer, OR the
combined unpaid principal balance of all loans
up to [redacted] % of the replacment most of
the insurable improvements as determined by
the property insurer. Dwelling coverage is
$[redacted] and loan amount is $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400112 35221371 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400112 35221372 Credit Compliance Miscellaneous Compliance TRID Error: Cash at settlement from or to - Cash at Settlement From/To is blank in file Reviewer Comment (2026-01-12): [redacted] 1/XX/2026 1 B A NY Primary Refinance Non QM Non QM No
Compliance borrower is blank. received PCCD showing from/to section on page 10:11:41 AM - Cash-out
one notated. - Other
Buyer Comment (2026-01-09): Should this be a
compliance exception? Category = Compliance
but Exception type = Credit
[redacted] [redacted] [redacted] [redacted] 627400112 35222047 Compliance Compliance Federal TRID Defect TRID Additional [redacted]-Day Waiting TILA-RESPA Integrated Disclosure - Most recent The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TRID timing Non QM Non QM No
Compliance Period Timing Test - Regular Transaction Closing Disclosure received at least [redacted] is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out exception, no
days prior to closing dated [redacted] disclosed an - Other remediation
inaccurate APR of [redacted]% compared to the available.
actual APR at consummation of [redacted]% and a
revised CD disclosing an accurate APR was not
received by borrower at least three ([redacted])
business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400112 35222048 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): CDCleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not disclose the Amount Financed. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400112 35222049 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not disclose the APR. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400112 35222050 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Contact TILA-RESPA Integrated Disclosure - Contact The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Information - Lender Information: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] did not disclose the required Lender - Other Corrected
Contact Information (Lender Name, Lender NMLS ID, Closing
Contact Name, Contact NMLS ID). Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222051 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Escrow Account TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Disclosures: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] did not disclose whether the loan will - Other Corrected
have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222052 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Escrowed TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Property Costs Year [redacted] Disclosures: Escrowed Property Costs over Year is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
Underdisclosed - [redacted][redacted] [redacted] of on Final Closing Disclosure provided - Other Corrected
on [redacted] are underdisclosed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222053 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Taxes, Insurance And Assessments Payments: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not disclose an Estimated Taxes, - Other - Provide the
Insurance, and Assessments payment. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400112 35222054 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not disclose the Finance Charge. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400112 35222062 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Incomplete TILA-RESPA Integrated Disclosure: Incomplete The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Provide the Non QM Non QM Yes
Compliance Closing Disclosure was not signed by borrower and is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out following:
can be excluded from testing if it was never - Other Letter of
provided to the borrower. In order to exclude Explanation
Incomplete Closing Disclosure from testing, please notifying
provide attestation from lender referencing the borrower or
specific Closing Disclosure that was not provided error,
to the borrower. Corrected CD,
and Proof of
Delivery (Proof
of receipt and
reopened
rescission also
required if
transaction is
rescindable and
material
disclosures are
inaccurate)
[redacted] [redacted] [redacted] [redacted] 627400112 35222063 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Loan Term TILA-RESPA Integrated Disclosure - General The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Information: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] disclosed a Loan Term that does not - Other - Provide the
match the actual loan term for the loan. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400112 35222064 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Negative TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Amortization Disclosures: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan - Other Corrected
contains Negative Amortization. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222065 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Non Escrow TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Costs Year [redacted] Underdisclosed - Disclosures: Non Escrowed Property Costs over Year is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] [redacted] [redacted] of on Final Closing Disclosure provided - Other Corrected
on [redacted] are underdisclosed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222067 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Partial TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Payments Disclosures: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan - Other Corrected
allows for Partial Payments. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222069 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Frequency Final Closing Disclosure provided on [redacted] did is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
not disclose the payment frequency. - Other Corrected
Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222077 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Principal and TILA-RESPA Integrated Disclosure - Loan Terms: The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Interest Final Closing Disclosure provided on [redacted] did is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
not disclose the Principal and Interest Payment. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400112 35222080 Compliance Compliance Federal TRID TRID Final Closing Disclosure Principal and TILA-RESPA Integrated Disclosure - Loan Terms: The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Interest Change After Closing Testing Final Closing Disclosure provided on [redacted] did is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
not disclose whether the Principal and Interest - Other - Provide the
Payment can change. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400112 35222082 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Payments Schedule Payments: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not contain a payment schedule. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400112 35222083 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Disclosure Cure
[redacted] did not disclose the Total of Payments. - Other - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
i(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400112 35222084 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 A A NY Primary Refinance Provide the Non QM Non QM Yes
Compliance Escrow - Monthly Escrow Payment Disclosures: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out following:
Overdisclosed Test [redacted] did not disclose the Monthly Escrow - Other Letter of
Payment. Explanation
notifying
borrower or
error and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400112 35222085 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan The Final Closing Disclosure document provided in file Reviewer Comment (2026-01-15): Cleared, 1/XX/2026 1 B A NY Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on is incomplete and missing with multiple details corrected final CD 2:14:27 PM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400112 35222086 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided to the borrower for [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of Percent Fee Tolerance exceeded. Total amount of 10:06:37 AM - Cash-out Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus $[redacted] exceeds tolerance of $[redacted] plus - Other the Following:
[redacted]% or $[redacted] $[redacted] over legal [redacted]% or $[redacted] Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400112 35222087 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided to the borrower for [redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. Percent Fee Tolerance exceeded for Transfer Tax. Fee 8:45:40 AM - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Amount of $[redacted] exceeds tolerance of $[redacted] - Other the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400112 35222088 Compliance Compliance Federal TILA Right-to- TILA Rescission - Disbursement Date Less Truth in Lending Act: Subject loan transaction Subject loan transaction disbursed on [redacted], prior Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance TILA ROR - Non QM Non QM Yes
Compliance Cancel than 3 Business Days From Transaction Date disbursed on [redacted], prior to three to three business days from transaction date of 7:31:23 AM - Cash-out Provide the
Missing, ([redacted]) business days from transaction date of [redacted]. - Other following:
Incorrect, [redacted]. Letter of
Incomplete Explanation,
and/or Proof of
provided on Delivery, and
the wrong form Re-open
Rescission
using the
correct model
form
[redacted] [redacted] [redacted] [redacted] 627400112 35222096 Compliance Compliance Federal TILA Right-to- TILA Notice of Right to Cancel Expiration Truth in Lending Act: Actual Date(s) on Notice of Actual Date on Notice of Right to Cancel occurs prior to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance TILA ROR - Non QM Non QM Yes
Compliance Cancel Date Prior or equal to Disbursement Date Right to Cancel occurs prior to expected date(s). expected date. 7:31:32 AM - Cash-out Provide the
Missing, - Other following:
Incorrect, Letter of
Incomplete Explanation,
and/or Proof of
provided on Delivery, and
the wrong form Re-open
Rescission
using the
correct model
form
[redacted] [redacted] [redacted] [redacted] 627400113 35220963 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The property is located in a FEMA disaster area. Provide Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a a post-disaster inspection verifying there was no cleared. 12:57:50 PM Home
FEMA disaster. damage. The inspection must include exterior photos, and
the property must be re-inspected on or after [redacted] Buyer Comment (2026-02-06): BPO Porivded
declared end date.
[redacted] [redacted] [redacted] [redacted] 627400113 35221044 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:06:57 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained. VVOE will never be obtained for
foreign borrowers working outside of the US
per [redacted] guidelines.
Reviewer Comment (2026-01-15): Exception
remians. Guideline states, Foreign VOE is not
required to verify previous foreign employment
history
VVOE dated within [redacted] business days of
note required for current employment
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400113 35221075 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid Change of circumstance provided, nor evidence Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount of cure in file. 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400114 35232633 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-23): Lender 1/XX/2026 2 C B NY Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. $[redacted] exception approved for [redacted] % LTV. 3:13:31 PM Home
Eligibility Eligibility Eligibility
Seller Comment (2026-01-23): [redacted] % LTV
exception approved by Management per attached.
[redacted] [redacted] [redacted] [redacted] 627400114 35232634 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-23): Lender 1/XX/2026 2 C B NY Second Purchase Non QM Non QM No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage $[redacted] exception approved for [redacted] % LTV. 3:13:09 PM Home
Guidelines of ___.
Discrepancy Seller Comment (2026-01-23): See [redacted] .
[redacted] [redacted] [redacted] [redacted] 627400114 35232635 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review. 3:15:52 PM Home
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400114 35233282 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AP Table TILA-RESPA Integrated Disclosure - Adjustable Adjustable Payment Table: Final Closing Disclosure Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Letter of Non QM Non QM Yes
Compliance Disclosed Payment Table: Final Closing Disclosure provided on provided on [redacted] disclosed an AP Table when not 7:35:08 AM Home Explanation &
[redacted] disclosed an AP Table when not permissible Corrected
permissible. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400114 35233284 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
[redacted]% or $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400115 35284356 Credit Loan Package Application / Insurance Missing Document: Flood Certificate not Flood Certificate is missing in the file Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing provided cleared. 11:24:36 PM Home
Seller Comment (2026-01-27): doc upload
Seller Comment (2026-01-27): Flood Cert
attached
[redacted] [redacted] [redacted] [redacted] 627400115 35284489 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Verification of earlier borrower receipt of the revised Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] Loan Estimate is missing from the file. 8:12:23 AM Home
([redacted]) business days of application. Initial
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400116 35233857 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400116 35233863 Credit Income / Income Missing REO Documents are missing. - ___ Mortgage Statement is missing for [redacted] [redacted] Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Document cleared. 11:49:59 PM
Seller Comment (2026-01-27): Borrower provided
an explanation stating statments were only
available once per year, underwriter used lox
from borrower and bank statements for payment
information.
[redacted] [redacted] [redacted] [redacted] 627400118 35229209 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not borrower [redacted] for employer [redacted] . and cleared. 2:32:55 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-29): voe upload
[redacted] [redacted] [redacted] [redacted] 627400118 35229210 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status borrower[redacted] for employer [redacted]. and cleared. 2:33:22 PM
using reasonably reliable third-party records.
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400118 35229211 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or borrower [redacted] for employer [redacted]. and cleared. 2:33:49 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): uploaded
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400118 35229212 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. borrower [redacted] for employer [redacted]. and cleared. 2:35:45 PM
[redacted] [redacted] [redacted] [redacted] 627400118 35229213 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Cleared. Fee 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclosed an Amount Financed disclosed an inaccurate names updated correctly per cd 3:23:09 PM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Amount Financed. The disclosed Amount Financed in the - Provide the
an inaccurate Amount Financed. The disclosed Amount amount of $[redacted] is over disclosed by $[redacted] following:
Financed in the amount of $[redacted] is over compared to the calculated Amount Financed of Letter of
disclosed by $[redacted] compared to the calculated $[redacted] and the disclosed Finance Charge is not Explanation,
Amount Financed of $[redacted] and the disclosed accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]). and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400118 35229214 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-14): Cleared. Fee 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page names updated correctly per cd 3:23:09 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400118 35229216 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided to the borrower for [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of Percent Fee Tolerance exceeded. Total amount of 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus $[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal [redacted]% or $[redacted] Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400118 35229217 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent No cure was provided to the borrower for [redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. Percent Fee Tolerance exceeded for Loan Discount Points. 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. $[redacted] $[redacted] over legal limit Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400118 35229231 Credit Income / Income Income / Income documentation requirements not met. Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment borrower [redacted] for employer[redacted]. and cleared. 2:32:15 PM
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400118 35229232 Credit Income / Income Income / The verification of employment is required - Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. borrower[redacted] for employer [redacted]. and cleared 2:31:37 PM
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400118 35229233 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. borrower [redacted] for employer [redacted] . and cleared. 2:36:07 PM
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400118 35229239 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verification of employment document is missing for Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted]or more guideline borrower [redacted] for employer [redacted]. and cleared. 2:36:23 PM
components, the loan is at ATR risk.
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400119 35221244 Credit Insurance Insurance Insurance Hazard Insurance Error: Missing HO- HO-[redacted] policy is not provided. Reviewer Comment (2026-01-28): Master Policy 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation [redacted] policy, blanket hazard insurance shows walls-in, cleared. 2:49:46 PM - Cash-out
policy provided does not contain unit - Other
interior coverage. Seller Comment (2026-01-26): HO6 upload
[redacted] [redacted] [redacted] [redacted] 627400119 35221429 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of ___ is less Calculated PITIA months reserves of [redacted] is less Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-28): Client elects 1/XX/2026 2 C B NY Investment Refinance N/A N/A No
Discrepancy / discrepancy. than Guideline PITIA months reserves of ___. than Guideline PITIA months reserves of [redacted]. more than [redacted] years. XXX to waive and regrade per provided lender 2:52:59 PM - Cash-out
Guidelines Borrower has owned the subject property for at least XXX exception - Other
Discrepancy [redacted] years. XXX
Borrower has verified disposable income of at least XXX Seller Comment (2026-01-26): approval for
$[redacted] XXX [redacted] mos reserves vs [redacted]
Borrower's monthly mortgage payment has decreased by at XXX
least [redacted]%. XXX
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
[redacted] [redacted] [redacted] [redacted] 627400119 35221430 Credit Income / Income Income / The verification of employment is required - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-28): VOE provided, 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. calendar days of the Note. cleared. 2:56:25 PM - Cash-out
- Other
Seller Comment (2026-01-26): voe
[redacted] [redacted] [redacted] [redacted] 627400119 35231414 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-28): VOE provided, 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. cleared. 2:56:29 PM - Cash-out
- Other
Seller Comment (2026-01-26): uploaded
[redacted] [redacted] [redacted] [redacted] 627400120 35229186 Property Property - Appraisal Property - Missing Document: Appraisal was made - Appraisal was made subject to and [redacted] is not in Reviewer Comment (2026-02-06): Doc provided 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
Appraisal Documentation Appraisal "subject to" and Form [redacted]D/[redacted] images. and cleared. 4:45:45 PM
was not provided.
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): Appraisal
attached
[redacted] [redacted] [redacted] [redacted] 627400120 35229247 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400122 35231952 Compliance Compliance Federal Flood Flood Insurance Policy Missing The subject property is in a flood zone, evidence Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Investment Purchase N/A N/A No
Compliance of flood insurance was not provided/XX/or state 7:24:32 AM
compliance violations.
[redacted] [redacted] [redacted] [redacted] 627400122 35232050 Credit Income / Income Missing REO Documents are missing. - The file is missing the mortgage statement documentation Reviewer Comment (2026-01-30): Credit report 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Document for this property. Please provide for review. is given no required for mortgage statement, 1:35:15 PM
Exception cleared.
Seller Comment (2026-01-29): This is a HELOC
see uploaded credit report tradeline
No statement provided but taxes and insurance
and no HOA verified
[redacted] [redacted] [redacted] [redacted] 627400122 35232051 Credit Insurance Insurance Insurance Missing Document: Flood Insurance Policy not Reviewer Comment (2026-01-30): Received flood 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation provided insurance blanket policy, Exception cleared. 1:36:43 PM
Seller Comment (2026-01-29): Flood insurance
[redacted] [redacted] [redacted] [redacted] 627400122 35232109 Credit Insurance Insurance Insurance Flood Insurance Error: Insurance premium was Flood insurance document missing in the file. Reviewer Comment (2026-01-30): Received flood 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation not provided. insurance blanket policy, Exception cleared. 1:36:38 PM
Seller Comment (2026-01-29): The flood policy
covers the building since the subject property
is a condo unit
No premium listed since not the responsibility
of the unit owner
[redacted] [redacted] [redacted] [redacted] 627400123 35230071 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400123 35230078 Credit Income / Income Income / The verification of employment is required - A VOE for[redacted] wage employment, within [redacted] Reviewer Comment (2026-02-07): SE and wage 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. days of closing was not in file. earner, cleared. 8:32:34 PM - Cash-out
- Other
Seller Comment (2026-02-06): doc upload
Seller Comment (2026-02-06): Business search
was completed within [redacted] days, attached
Reviewer Comment (2026-02-06): assign to buyer
Reviewer Comment (2026-02-04): Client agrees
to finding.
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400123 35230079 Credit Income / Income Income / Verification(s) of employment is not within - A VOE for [redacted] wage employment, within [redacted] Reviewer Comment (2026-02-07): SE and wage 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. days of closing was not in file. earner, cleared. 8:32:16 PM - Cash-out
- Other
Seller Comment (2026-02-06): Business search
was completed within [redacted] days, attached
Reviewer Comment (2026-02-06): assign to buyer
Reviewer Comment (2026-02-04): Client agrees
to finding.
Seller Comment (2026-02-04): Duplicate
Seller Comment (2026-02-02): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400123 35231436 Credit Guideline Guideline Guideline Aged document: Asset Account date is more - [redacted] Account #[redacted] is more than [redacted] Reviewer Comment (2026-01-26): Confirmed not 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Issue than [redacted] days prior to Closing. days from the note. used to qualify, cleared. 2:25:03 PM - Cash-out
- Other
Seller Comment (2026-01-23): [redacted] /XX/
Account Type: Checking / Account Number:
[redacted] : This account was not used for
qualification per attached worksheet.
[redacted] [redacted] [redacted] [redacted] 627400125 35284119 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400125 35284159 Credit Income / Income Income / Income documentation requirements not met. Require verification of employment for borrower from Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment current employer is not provided in file. guidelines. 11:43:55 PM
Reviewer Comment (2026-01-15): Trailing WVOE
not within [redacted] business days of note,
exception remains. Page [redacted] of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within
[redacted] days prior to
closing.
Seller Comment (2026-01-15): Foreign
verification of employment uploaded.
Reviewer Comment (2026-01-15): Exception
remains. Required vvoe dated within [redacted]
business days of note from current employer
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400125 35284160 Credit Income / Income Income / Verification(s) of employment is not within - Require verification of employment for borrower from Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. current employer within [redacted] business days of the guidelines. 11:43:45 PM
Note.
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained. Per [redacted] guidelines, a VVOE
will not be obtained on foreign borrowers with
income outside of the US.
Reviewer Comment (2026-01-15): Exception
remains. Required vvoe dated within [redacted]
business days of note from current employer
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400126 35238238 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Primary Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM -
match the ATR payment calculation methods under Rate/Term
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400126 35238239 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Primary Refinance Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM -
with an increasing payment disclosed the due date Rate/Term
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400126 35238260 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. cleared. 2:29:47 PM - provide updated
match Due Diligence Loan Designation of ATR Fail. Rate/Term ATR/QM status
Seller Comment (2026-01-29): voe uploaded
[redacted] [redacted] [redacted] [redacted] 627400126 35238262 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Missing verification of employment within [redacted] Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/[redacted] employment status business days of closing. cleared. 2:29:47 PM -
using reasonably reliable third-party records. Rate/Term
Seller Comment (2026-01-29): voe
[redacted] [redacted] [redacted] [redacted] 627400126 35238263 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Missing verification of employment within [redacted] Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 A A VA Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. business days of closing. cleared. 2:29:47 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400126 35238275 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM - Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal limit. Rate/Term the Following:
[redacted]% or $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400126 35238354 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared. 2:30:14 PM -
Rate/Term
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400126 35238753 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Missing Verification of Employment within [redacted] Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or business days of closing. cleared. 2:29:47 PM -
asset doc requirements which could result in a risk Rate/Term
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): uploaded
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400126 35238843 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to missing verification of employment Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline within [redacted] business days of closing. cleared. 2:34:33 PM -
components, the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400126 35239073 Credit Income / Income Income / Income documentation requirements not met. [redacted] due to missing verification of employment. Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Employment Documentation Employment cleared. 2:29:59 PM -
Rate/Term
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400126 35239596 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A VA Primary Refinance Non QM Non QM No
Employment Documentation Employment cleared. 2:30:06 PM -
Rate/Term
Seller Comment (2026-01-29): uploaded
[redacted] [redacted] [redacted] [redacted] 627400126 35701803 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 A VA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not cleared. 2:34:33 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400127 35252529 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a [Redacted] Disaster Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; area. A post-disaster inspection verifying there was no Greater than 1 from third party review date 1:18:34 PM Home
[Redacted] disaster. Disaster Declaration Date: ___; damage to the subject property is required.
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400127 35252707 Credit Income / Income Missing REO Documents are missing. - Insurance and tax verification was not provided. Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document review, exception cleared. 4:34:06 PM Home
Seller Comment (2026-02-02): see ICR for tax
and doc lox none for hoi
[redacted] [redacted] [redacted] [redacted] 627400127 35252943 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Missing tax returns for self-employment business. Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not review, exception cleared. 4:39:12 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-02): please review/
clear- foreign self employment - CPA letter
required, no tax returns.
[redacted] [redacted] [redacted] [redacted] 627400127 35252944 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - Schedule [redacted] Test verify current Sole Proprietorship status using within [redacted] calendar days of note date. CPA cleared 10:51:43 AM Home
reasonably reliable third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252959 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment -[redacted] Less [redacted]% verify current [redacted] (Less than [redacted]% within [redacted] calendar days of note date. CPA review, exception cleared. 4:33:49 PM Home
Ownership) status using reasonably reliable third- letters provided in file were not dated. Re-verification
party records. was not provided for wage income. EMDs of $[redacted] Seller Comment (2026-02-02): please review /
$[redacted] $[redacted] $[redacted] and $[redacted] were clear . no voe required - see cpa letter in
not verified resulting in insufficient reserves. file for self employment foreign income. no
wage income. No exception task for the EMDs or
reserves.
Reviewer Comment (2026-01-27): Missing tax
returns for self-employment business.
[redacted] [redacted] [redacted] [redacted] 627400127 35252960 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment -[redacted] verify current Wages/[redacted] employment status within [redacted] calendar days of note date. CPA cleared 10:55:48 AM Home
using reasonably reliable third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252961 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/W-[redacted] employment status within [redacted] calendar days of note date. CPA cleared 10:55:48 AM Home
using reasonably reliable third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252962 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets -[redacted] Less [redacted]% verify [redacted] (Less than [redacted]% Ownership) within [redacted] calendar days of note date. CPA review, exception cleared. 4:33:49 PM Home
income using reasonably reliable third-party letters provided in file were not dated. Re-verification
records. was not provided for wage income. EMDs of $[redacted] Seller Comment (2026-02-02): voe not required
$[redacted] $[redacted] $[redacted] and $[redacted] were for foreign income. NO open tasks for - wage
not verified resulting in insufficient reserves. income/ voe exception task. No EMD task . No
CPA letter exception task
Reviewer Comment (2026-01-27): Missing tax
returns for self-employment business.
[redacted] [redacted] [redacted] [redacted] 627400127 35252963 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable within [redacted] calendar days of note date. CPA review, exception cleared. 4:21:08 PM Home
third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted] Seller Comment (2026-02-02): Please review /
$[redacted] $[redacted] $[redacted] and $[redacted] were clear - voe not requried for foreign income .
not verified resulting in insufficient reserves. no open exception tasks for CPA letters,
wages, Emds. reserves
Reviewer Comment (2026-01-27): Missing tax
returns for self-employment business.
[redacted] [redacted] [redacted] [redacted] 627400127 35252964 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable within [redacted] calendar days of note date. CPA review, exception cleared. 4:39:12 PM Home
third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted] Seller Comment (2026-02-02): Please review /
$[redacted] $[redacted] $[redacted] and $[redacted] were clear - voe not requried for foreign income .
not verified resulting in insufficient reserves. no open exception tasks for CPA letters,
wages, Emds. reserves
Reviewer Comment (2026-01-27): Missing tax
returns for self-employment business.
[redacted] [redacted] [redacted] [redacted] 627400127 35252965 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule [redacted] verify Sole Proprietorship income using reasonably within [redacted] calendar days of note date. CPA review, exception cleared. 4:21:08 PM Home
reliable third-party records. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted] Seller Comment (2026-02-02): Please review /
$[redacted] $[redacted] $[redacted] and $[redacted] were clear - voe not requried for foreign income .
not verified resulting in insufficient reserves. no open exception tasks for CPA letters,
wages, Emds. reserves
Reviewer Comment (2026-01-27): Missing tax
returns for self-employment business.
[redacted] [redacted] [redacted] [redacted] 627400127 35252966 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, paystub provided was dated within [redacted] calendar days of note date. CPA cleared 10:55:48 AM Home
more than [redacted] days prior to closing, WVOE letters provided in file were not dated. Re-verification
provided was dated more than [redacted] days prior was not provided for wage income. EMDs of $[redacted]
to closing. $[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252967 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, paystub provided was dated within [redacted] calendar days of note date. CPA cleared 10:55:48 AM Home
more than [redacted] days prior to closing, WVOE letters provided in file were not dated. Re-verification
provided was dated more than [redacted] days prior was not provided for wage income. EMDs of $[redacted]
to closing. $[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252968 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-03): After further 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. within [redacted] calendar days of note date. CPA review, exception cleared. 4:39:12 PM Home
letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35252969 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months EMDs of $[redacted] $[redacted] $[redacted] $[redacted] Reviewer Comment (2026-01-27): Assets provided 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. and $[redacted] were not verified resulting in 10:48:22 AM Home
Guidelines insufficient reserves.
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400127 35253023 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline within [redacted] calendar days of note date. CPA cleared 10:57:19 AM Home
components, the loan is at ATR risk. letters provided in file were not dated. Re-verification
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35257051 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. CPA FN with WVOE 10:48:02 AM Home
asset doc requirements which could result in a risk letters provided in file were not dated. Re-verification
to the borrower's ability to repay. (Exception is was not provided for wage income. EMDs of $[redacted]
eligible to be regraded with compensating factors.) $[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35257223 Credit Income Income Error Income Income document is missing the document date - CPA letter is not dated. Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
and/or tax year. cleared 10:56:48 AM Home
[redacted] [redacted] [redacted] [redacted] 627400127 35257256 Credit Asset Asset Asset Asset documentation requirements not met. EMDs of $[redacted] $[redacted] $[redacted] $[redacted] Reviewer Comment (2026-01-27): Assets provided 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation and $[redacted] were not verified resulting in 10:48:33 AM Home
insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400127 35257257 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of note date. CPA letters provided in file [redacted] with WVOE 10:48:41 AM Home
were not dated. Re-verification was not provided for
wage income. No income verification was provided for
Sole proprietorship.
[redacted] [redacted] [redacted] [redacted] 627400127 35257258 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date. business days 2:36:08 PM Home
[redacted] [redacted] [redacted] [redacted] 627400127 35257259 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date. business days 2:36:12 PM Home
[redacted] [redacted] [redacted] [redacted] 627400127 35480068 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. FN with WVOE 10:46:28 AM Home
[redacted] [redacted] [redacted] [redacted] 627400127 35480069 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. FN with WVOE 10:46:21 AM Home
[redacted] [redacted] [redacted] [redacted] 627400127 35714103 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Missing income docs. 2/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax 4:21:24 PM Home
returns provided are not the most recent.
Application Date [redacted], Most Recent Tax
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400128 35233507 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400128 35241441 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note for borrower[redacted]. business days. 2:34:16 PM
[redacted] [redacted] [redacted] [redacted] 627400128 35480047 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-28): Input verified. 1/XX/2026 1 A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. 11:48:11 PM
Seller Comment (2026-01-27): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400129 35233297 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing Document cleared. 8:45:32 PM Home - Cash-out
- Other
Seller Comment (2026-01-29): UW worksheet
[redacted] [redacted] [redacted] [redacted] 627400129 35233407 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment within [redacted] calendar [redacted] with WVOE 11:11:09 AM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. days of note date. - Other ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400129 35233408 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. within [redacted] calendar days of note date. [redacted] with WVOE 11:11:09 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400129 35233418 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated within [redacted] calendar days of note date. CPA [redacted] with WVOE 11:11:09 AM Home - Cash-out
more than [redacted] days prior to closing. letters provided in file were not dated. Re-verification - Other
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400129 35233431 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-30): After further 1/XX/2026 1 B A CA Second Refinance Letter of Non QM Non QM Yes
Compliance Maximum Interest Rate Interest Rate Table: Final Closing Disclosure disclosed a Maximum Interest Rate that does not match review, exception cleared. 8:47:18 PM Home - Cash-out Explanation &
provided on [redacted] disclosed a Maximum Interest the actual maximum interest rate for the loan. - Other Corrected
Rate that does not match the actual maximum Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400129 35233438 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-30): After further 1/XX/2026 1 B A CA Second Refinance TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest review, exception cleared. 8:47:18 PM Home - Cash-out Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Other - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400129 35233444 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-01-30): After further 1/XX/2026 1 B A CA Second Refinance Letter of Non QM Non QM Yes
Compliance Amount Final Closing Disclosure provided on [redacted] increasing payment did not disclose the maximum possible review, exception cleared. 8:48:45 PM Home - Cash-out Explanation &
with an increasing payment did not disclose the amount of principal and interest. - Other Corrected
maximum possible amount of principal and interest. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400129 35233445 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-01-30): After further 1/XX/2026 1 B A CA Second Refinance Letter of Non QM Non QM Yes
Compliance Amount In Year Final Closing Disclosure provided on [redacted] increasing payment did not disclose the earliest date of review, exception cleared. 8:48:45 PM Home - Cash-out Explanation &
with an increasing payment did not disclose the the maximum possible amount of principal and interest. - Other Corrected
earliest date of the maximum possible amount of Closing
principal and interest. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400129 35233446 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-30): After further 1/XX/2026 1 B A CA Second Refinance TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest review, exception cleared. 8:47:18 PM Home - Cash-out Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Other - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400129 35233448 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. calendar days of note date. [redacted] with WVOE 11:08:27 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400129 35234005 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home - Cash-out
match the ATR payment calculation methods under - Other
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400129 35250292 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment calendar days of note date. [redacted] per guides 11:06:35 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400129 35250305 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. CPA [redacted] with WVOE 11:03:51 AM Home - Cash-out
asset doc requirements which could result in a risk letters provided in file were not dated. Re-verification - Other
to the borrower's ability to repay. (Exception is was not provided for wage income. EMDs of $[redacted]
eligible to be regraded with compensating factors.) $[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400129 35250309 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to missing re-verification of employment Reviewer Comment (2026-01-27): [redacted] for 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline within [redacted] calendar days of note date. CPA [redacted] with WVOE 11:07:33 AM Home - Cash-out
components, the loan is at ATR risk. letters provided in file were not dated. Re-verification - Other
was not provided for wage income. EMDs of $[redacted]
$[redacted] $[redacted] $[redacted] and $[redacted] were
not verified resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400130 35232712 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a [Redacted] disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos, review date - Other
Disaster End Date: ___ and the property must be re-inspected on or after
Most Recent Valuation Inspection Date: ___; [redacted] declared Disaster End Date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400131 35224595 Credit Income / Income Income / Verification(s) of employment is not within - Require VVOE within [redacted] business days form note Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. date. met. 8:52:20 PM
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400131 35231270 Credit Income / Income Missing REO Documents are missing. - ___ Missing Mortgage Statement Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Document cleared. 8:52:29 PM
Seller Comment (2026-01-27): see international
credit report with reo exp
[redacted] [redacted] [redacted] [redacted] 627400135 35232662 Credit Income / Income Missing REO Documents are missing. - The file was missing the mortgage statement/XX/insurance Reviewer Comment (2026-02-02): PITI verified 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Document all PITIA documentation for this property, please as required. 1:37:50 PM Home -
provide for review. Rate/Term
Seller Comment (2026-01-29): expenses
[redacted] [redacted] [redacted] [redacted] 627400135 35232697 Credit Income / Income Income / Income Docs Missing: - Complete self-employment income documentation was not Reviewer Comment (2026-02-02): Income verified 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment provided in order to validate annual income. as required. 1:37:55 PM Home -
Rate/Term
Seller Comment (2026-01-29): n/a foreign
income
[redacted] [redacted] [redacted] [redacted] 627400135 35232719 Credit Disclosure Missing Disclosure E-sign Consent Agreement is missing. - Reviewer Comment (2026-02-02): Econsent 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Document provided. 1:38:45 PM Home -
Rate/Term
Seller Comment (2026-01-29): is this the doc
you are looking for?
[redacted] [redacted] [redacted] [redacted] 627400135 35232873 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to No supporting documentation for self-employment income Reviewer Comment (2026-02-02): Foreign income 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Employment - S-Corp Test verify current S-Corp status due to missing Tax was not provided, in order to validate monthly income. verified as required. 1:37:33 PM Home -
Return/XX/Third Party P&L, CPA Letter, or other Rate/Term
Third Party Verification. Seller Comment (2026-01-29): n/a foreign
income attached cpa letter
[redacted] [redacted] [redacted] [redacted] 627400135 35232874 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid change of circumstance was not provided for home Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Home Inspection inspection fee. 8:45:40 AM Home - Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400135 35232884 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation is firing due to missing [redacted]s Reviewer Comment (2026-02-02): Foreign income 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not for [redacted] and [redacted] also [redacted]s, Balance verified as required. 1:37:33 PM Home - provide updated
match Due Diligence Loan Designation of ATR Fail. sheets, K-[redacted]s, profit and loss statements, Rate/Term ATR/QM status
W[redacted]s for both years were not provided to Seller Comment (2026-01-29): n/a foreign
validate annual income. income
[redacted] [redacted] [redacted] [redacted] 627400135 35232885 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify S-Corp income using reasonably reliable Reviewer Comment (2026-02-02): Foreign income 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable third-party records or CPA letter was not provided. verified as required. 1:37:33 PM Home -
third-party records. Rate/Term
Seller Comment (2026-01-29): cpa letter
uploaded
[redacted] [redacted] [redacted] [redacted] 627400135 35232886 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR is firing due to missing [redacted]s for [redacted] Reviewer Comment (2026-02-02): Income verified 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline and [redacted] also [redacted]s, Balance as required. 1:39:36 PM Home -
components, the loan is at ATR risk. sheets,[redacted]s, profit and loss statements, Rate/Term
[redacted]s for both years were not provided to validate Seller Comment (2026-01-29): cpa letter
annual income. uploaded
[redacted] [redacted] [redacted] [redacted] 627400135 35232887 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR is firing due to missing [redacted]s for [redacted] Reviewer Comment (2026-02-02): Foreign income 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. and [redacted] also [redacted]s, Balance sheets, verified as required. 1:37:33 PM Home -
[redacted]s, profit and loss statements, [redacted]s for Rate/Term
both years were not provided to validate annual income.
[redacted] [redacted] [redacted] [redacted] 627400135 35232888 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing. 8:08:10 AM Home -
[redacted] ([redacted]) business days prior to Rate/Term
closing.
[redacted] [redacted] [redacted] [redacted] 627400135 35236085 Credit Credit Credit Guideline Guideline Requirement: Representative FICO Representative FICO score of ___ is less than Per matrix minimum FICO is [redacted] and only Borrower has been employed in the same industry for Loan Purpose: XXX Reviewer Comment (2025-12-16): Client elected 12/XX/2025 2 B B CA Second Refinance Non QM Non QM No
Calculation / score discrepancy. Guideline representative FICO score of ___. [redacted] FICO score reflected on credit report. more than [redacted] years. Refinance XXX to waive with compensating factors. 4:46:46 PM Home -
Analysis Borrower has worked in the same position for more than Monthly Debt XXX Rate/Term
[redacted] years. Reduction: XXX
Borrower's monthly reserves have been verified and [redacted]% XXX
exceed the amount required based on the guidelines by Aggregator,XXX
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
[redacted] [redacted] [redacted] [redacted] 627400137 35233067 Credit Income / Income Missing REO Documents are missing. - ___ HOA Verification, Statement, Tax Verification missing Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Employment Documentation Document for REO property located at [redacted][redacted]. cleared. 2:04:48 PM - Cash-out
- Other
Seller Comment (2026-02-02): [redacted] y is
[redacted] loan$ [redacted] simo loan in
process see 1008 for mortgage payment,
appraisal for hoa and taxes on title
Seller Comment (2026-02-02): Ravenwood
property is [redacted] loan # [redacted] simo
loan in process. see 1008 for mortgage payment
, appraisal for hoa, taxes on title
[redacted] [redacted] [redacted] [redacted] 627400137 35233075 Credit Income / Income Missing REO Documents are missing. - ___ Tax Verification missing for REO property located at Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Employment Documentation Document [redacted][redacted]. cleared. 2:04:54 PM - Cash-out
- Other
Seller Comment (2026-02-02): taxes for
bristlebird property are on ICR uploaded
Seller Comment (2026-02-02): Ravenwood
property is [redacted] loan # [redacted] simo
loan in process. see 1008 for mortgage payment
, appraisal for hoa, taxes on title
[redacted] [redacted] [redacted] [redacted] 627400137 35233076 Credit Income / Income Missing REO Documents are missing. - ___ Insurance Verification, Statement, Tax Verification Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Employment Documentation Document missing for REO property located at [redacted] cleared. 2:05:23 PM - Cash-out
Preapproval. - Other
Seller Comment (2026-02-02): pre approval
property was simo loan with [redacted]
[redacted] - and withdrawn see evidence
[redacted] [redacted] [redacted] [redacted] 627400137 35233472 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. [redacted] guidelines. 2:05:32 PM - Cash-out
- Other
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400137 35233474 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. [redacted] guidelines. 2:05:36 PM - Cash-out
- Other
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400137 35233498 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were REO documents missing. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A GA Investment Refinance N/A N/A No
Discrepancy / not met [redacted] guidelines. 2:05:51 PM - Cash-out
Guidelines - Other
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400138 35234289 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-01-20): Provided and 1/XX/2026 1 C A WA Investment Refinance N/A N/A No
Employment Documentation Document cleared. 6:55:26 PM -
Rate/Term
Seller Comment (2026-01-20): Attached is the
ICR with tax verificaiton shown.
[redacted] [redacted] [redacted] [redacted] 627400139 35219628 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Transfer Tax fee Amount of $[redacted] exceeds tolerance Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. of $[redacted] $[redacted] over legal limit. 8:45:40 AM - Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Insufficient or no cure was provided to the borrower. Rate/Term the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400139 35219632 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered to Borrower within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] [Redacted] business days of application. 8:12:23 AM -
([redacted]) business days of application. Initial Rate/Term
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400139 35219672 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of ___ is less [redacted] exception due to insufficient reserve Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Discrepancy / discrepancy. than Guideline PITIA months reserves of ___. guidelines. 6:14:51 PM -
Guidelines Rate/Term
Discrepancy Seller Comment (2026-01-20): select program
requirement of [redacted] months piti reserves
met
[redacted] [redacted] [redacted] [redacted] 627400139 35219710 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): [redacted] exception due to insufficient reserve Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not guidelines. 6:15:57 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400139 35219711 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] exception due to insufficient reserve Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline guidelines. 6:15:57 PM -
components, the loan is at ATR risk. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400140 35234679 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent [Redacted] disaster exception: The subject property is Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a located in a [Redacted] Disaster area. A post-disaster cleared 1:16:36 PM Home -
[Redacted] disaster. inspection verifying there was no damage to the subject Rate/Term
property is required. Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400140 35234732 Credit Income / Income Income / Income Docs Missing: - Foreign investor income missing currency conversion. Reviewer Comment (2026-01-30): After further 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment review, exception cleared. 6:49:27 PM Home -
Rate/Term
Seller Comment (2026-01-29): please see page
[redacted] for income conversions
Seller Comment (2026-01-29): Please see page
[redacted] of UW worksheet for conversion of
income
[redacted] [redacted] [redacted] [redacted] 627400140 35234747 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General EV[redacted] Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 6:54:31 PM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400140 35234778 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Foreign investor income missing currency conversion. Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not cleared. 6:54:31 PM Home - provide updated
match Due Diligence Loan Designation of ATR Fail. Rate/Term ATR/QM status
Seller Comment (2026-01-29): see uploaded page
[redacted] of UW worksheet upload to credit
exception [redacted]
Seller Comment (2026-01-29): Please see page
[redacted] of UW worksheet for income
conversion
Seller Comment (2026-01-29): see uploaded UW
worksheet for currency conversion to credit
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400140 35234779 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Foreign investor income missing currency conversion. Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Schedule [redacted] verify Sole Proprietorship income using reasonably cleared. 6:54:31 PM Home -
reliable third-party records. Rate/Term
Seller Comment (2026-01-29): see uploaded page
[redacted] of UW worksheet upload to credit
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400140 35234780 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Foreign investor income missing currency conversion. Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Schedule [redacted] verify Sole Proprietorship income using reasonably cleared. 6:54:31 PM Home -
reliable third-party records. Rate/Term
Seller Comment (2026-01-29): see uploaded page
[redacted] of UW worksheet upload to credit
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400140 35234781 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Foreign investor income missing currency conversion. Reviewer Comment (2026-01-30): Provided and 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline cleared. 6:54:31 PM Home -
components, the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-29): see uploaded page
[redacted] of UW worksheet upload to credit
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400140 35234782 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Corrected on PCCD, in order to cure please provide LOE Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on to borrower that accompanied CD. 10:28:51 AM Home - Disclosure Cure
[redacted] disclosed an inaccurate Total of Rate/Term - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400140 35234783 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing valid Change of Circumstance for the increase in Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Loan Discount Points. Insufficient or no cure was 8:45:40 AM Home - Refund Provide
Points. Fee Amount of $[redacted] exceeds provided to the borrower. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400140 35234784 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing valid Change of Circumstance for the increase in Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Appraisal Re-inspection Fee. Insufficient or no cure 8:45:40 AM Home - Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds was provided to the borrower. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400140 35238084 Credit Credit Miscellaneous Guideline Credit Exception: Lender Exception needed, approved as Conditional. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-30): Lender 1/XX/2026 2 C B CA Second Refinance Non QM Non QM No
Borrower does not have permits/XX/ [redacted] guides more than [redacted] years. XXX exception from origination provided. 6:53:03 PM Home -
since the space is used as a bedroom and now there is a Borrower has verified disposable income of at least XXX Rate/Term
health and safety concern. Please provide approved $[redacted] XXX Seller Comment (2026-01-29): [redacted]
lender exception from origination. Borrower has worked in the same position for more than XXX manager approval for exception
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX Seller Comment (2026-01-29): [redacted]
exceed the amount required based on the guidelines by manager final approval for exception noted
at least [redacted] months.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400141 35229798 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400141 35229799 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Reviewer Comment (2026-01-23): Updated 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Analysis coverage amount is insufficient. coverage amount to include other structures, 4:28:23 PM
exception cleared.
Seller Comment (2026-01-22): Insurance has
$[redacted] dwelling coverage plus $[redacted]
other structures covg which is $[redacted]
total which is more than loan amount, coverage
is sufficient.
[redacted] [redacted] [redacted] [redacted] 627400141 35229807 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock missing in file. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-12): Client has 2/XX/2026 2 C B NY Investment Purchase N/A N/A No
documented in file. more than [redacted] years. XXX elected to waive. 6:15:47 PM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-02): Assigned to
Borrower has worked in the same position for more than XXX buyer.
[redacted] years. XXX
Borrower's monthly reserves have been verified and Seller Comment (2026-01-30): Agree
exceed the amount required based on the guidelines by Send to Buyer
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400141 35229854 Credit Asset Asset Asset Available for Closing is insufficient to Missing evidence of earnest money deposit. Reviewer Comment (2026-01-23): EMD deposit and 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Calculation / cover Cash From Borrower. source provided, exception cleared. 4:32:14 PM
Analysis
Seller Comment (2026-01-22): earnest money
[redacted] [redacted] [redacted] [redacted] 627400141 35229955 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-01-23): EMD deposit and 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Discrepancy / discrepancy. source provided, exception cleared. 4:32:11 PM
Guidelines
Discrepancy Seller Comment (2026-01-22): assets used
Seller Comment (2026-01-22): business returns
[redacted] [redacted] [redacted] [redacted] 627400141 35229956 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Schedule [redacted] income stated on [redacted] not Reviewer Comment (2026-01-23): Provided and 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. provided, resulting in higher DTI. cleared. 7:10:43 PM
Guidelines
Discrepancy Seller Comment (2026-01-22): tax returns
uploaded
Seller Comment (2026-01-22): business returns
[redacted] [redacted] [redacted] [redacted] 627400142 35231001 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NC Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Cash-out
[Redacted] disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400142 35231011 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A NC Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted] business days of guidelines. 5:37:40 PM - Cash-out
closing. - Other
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400146 35224726 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a [Redacted] Disaster Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; area. A post-disaster inspection verifying there was no Greater than [redacted]from third party review 1:18:34 PM QM
[Redacted] disaster. Disaster Declaration Date: ___; damage to the subject property is required. date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400146 35227868 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to File is missing document (VVOE & W[redacted]) Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Compliance Employment - Schedule [redacted] Test verify current Sole Proprietorship status using and cleared 12:56:42 PM QM
reasonably reliable third-party records.
Seller Comment (2026-01-22): VVOE B1
Seller Comment (2026-01-22):
[redacted]business filing
Seller Comment (2026-01-22): [redacted]&
[redacted]Facebook W-2
VVOE B1
[redacted] [redacted] [redacted] [redacted] 627400146 35227869 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase No Defined Cure Safe Harbor Non QM No
Compliance Regular APR Change Closing Disclosure issued on [redacted] contains a 8:29:18 AM QM
change in APR and a complete Closing Disclosure was
not received by borrower at least [redacted]
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400146 35227870 Compliance Compliance Federal TRID Defect TRID Post Close Closing Disclosure Timing TILA-RESPA Integrated Disclosure - [redacted] -Day [redacted] -Day Waiting Period Timing Violation. Post Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 B A FL Primary Purchase Safe Harbor Non QM No
Compliance Regular Transactions Waiting Period Timing Violation. Post Closing Closing Disclosure reflects a change in APR, loan further review 12:56:42 PM QM
Disclosure reflects a change in APR, loan product, product, or addition of prepayment penalty which would
or addition of prepayment penalty which would have have triggered an additional [redacted]-day waiting
triggered an additional [redacted]-day waiting period had it been correctly disclosed on the Final
period had it been correctly disclosed on the Final Closing Disclosure.
Closing Disclosure.
[redacted] [redacted] [redacted] [redacted] 627400146 35227961 Credit Income / Income Income / Income Docs Missing: - Third Party VOE was not provided. Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Employment Documentation Employment and cleared 1:09:04 PM QM
Seller Comment (2026-01-30): Seller requests
buyer review: send to buyer
Seller Comment (2026-01-30): Yext employee
offer letter
Reviewer Comment (2026-01-23): Exception
remains. Please provide voe dated within
[redacted]buisness days of note date for co
borrower's employment with start date
[redacted]
Seller Comment (2026-01-22): VVOE for both
borrowers
[redacted] [redacted] [redacted] [redacted] 627400146 35228165 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to File is missing document (VVOE & W[redacted]) Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Compliance Employment - [redacted] verify current Wages/[redacted] employment status and cleared 1:10:11 PM QM
using reasonably reliable third-party records.
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): [redacted] VOE
Screen shot attached, W2 is not required.
Reviewer Comment (2026-01-23): Exception
remains. Please provide voe dated within
[redacted]buisness days of note date for co
borrower's employment with start date
[redacted]
Seller Comment (2026-01-22): [redacted]
business filing
Seller Comment (2026-01-22): VVOE B1
Seller Comment (2026-01-22):
[redacted]Facebook W-2
[redacted] [redacted] [redacted] [redacted] 627400146 35228202 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to Third Party VOE not provided. Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Compliance Guidelines the loan failing one or more guideline components, and cleared 1:10:11 PM QM
the loan is at ATR risk.
Seller Comment (2026-02-09): [redacted]VOE
Screen shot attached, W2 is not required.
Reviewer Comment (2026-01-23): Exception
remains. Please provide voe dated within
[redacted]buisness days of note date for co
borrower's employment with start date
[redacted]
Seller Comment (2026-01-22): see vvoes
uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400146 35228203 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to Third Party VOE not provided. Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 A A FL Primary Purchase Safe Harbor Non QM No
Compliance Ability-to-Repay requirements not satisfied. and cleared 1:10:11 PM QM
[redacted] [redacted] [redacted] [redacted] 627400146 35228224 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Employment Documentation Employment [redacted] business days of the Note. and cleared 1:08:30 PM QM
Seller Comment (2026-02-09): [redacted]VOE
Screen shot attached, W2 is not required.
Reviewer Comment (2026-01-23): Exception
remains. Please provide voe dated within
[redacted]buisness days of note date for co
borrower's employment with start date
[redacted]
Seller Comment (2026-01-22): VVOES uploaded to
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400146 35228239 Compliance Compliance Federal ATR/QM Defect Sole Proprietorship Income Documentation Qualified Mortgage (Dodd-Frank [redacted]): Self- Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Compliance Test employed income documentation not sufficient (Sole and cleared. 1:00:48 PM QM
Proprietorship).
Seller Comment (2026-01-22): [redacted]FL
business filing for Right Step Therapy
Seller Comment (2026-01-22): Right Step
confirmation of employment
[redacted] [redacted] [redacted] [redacted] 627400146 35228257 Compliance Compliance Federal ATR/QM Defect QM Employment History - Current and/or Qualified Mortgage (Dodd-Frank [redacted]): Missing VVOE - Employment Only document is not provided Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 B A FL Primary Purchase Safe Harbor Non QM No
Compliance Previous Employment Documentation lacks Date Employment Dates to verify [redacted]years and cleared 1:11:58 PM QM
Info employment history for current and/or prior
employment. Seller Comment (2026-02-09): [redacted]VOE
Screen shot attached, W2 is not required.
[redacted] [redacted] [redacted] [redacted] 627400146 35228258 Compliance Compliance Federal ATR/QM Defect QM Employment History - Current Employment Qualified Mortgage (Dodd-Frank [redacted]): Missing VVOE - Employment Only document is not provided Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 B A FL Primary Purchase Safe Harbor Non QM No
Compliance Documentation lacks Date Info Employment Dates to verify [redacted] years current [redacted]guidelines 2:10:42 PM QM
employment.
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): [redacted]'s
attached
[redacted] [redacted] [redacted] [redacted] 627400146 35228259 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): DTI exceeds [redacted]% on QM loan Reviewer Comment (2026-02-10): Client rested 2/XX/2026 1 C A FL Primary Purchase Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does to Non QM 4:16:10 PM provide updated QM
not match Due Diligence Loan Designation of Non QM. ATR/QM status
Seller Comment (2026-02-10): [redacted]granted
a DTI Exception
Reviewer Comment (2026-02-09): DTI exceeds
[redacted]% on QM loan
Reviewer Comment (2026-02-09): EXCEPTION
HISTORY - Exception Detail was updated on
[redacted] PRIOR Exception Detail: Qualified
Mortgage (Dodd-Frank 2014): Originator Loan
Designation of Safe Harbor QM does not match
Due Diligence Loan Designation of ATR Fail.
Seller Comment (2026-02-09): [redacted]VOE
Screen shot attached, W2 is not required.
Reviewer Comment (2026-01-23): Exception
remains. Please provide voe dated within
[redacted]buisness days of note date for co
borrower's employment with start date
[redacted]
Seller Comment (2026-01-22): [redacted]ATR
screenshot uploaded
[redacted] [redacted] [redacted] [redacted] 627400146 35228260 Compliance Compliance Federal ATR/QM Defect QM DTI Qualified Mortgage (Dodd-Frank [redacted]): Total DTI exceeds [redacted]% on QM loan Reviewer Comment (2026-02-10): Client rested 2/XX/2026 1 C A FL Primary Purchase Safe Harbor Non QM No
Compliance Debt to Income Ratio exceeds [redacted]% and the to Non QM 4:16:10 PM QM
images do not provide evidence loan is eligible for
purchase, guarantee or insurance by the appropriate Seller Comment (2026-02-10): [redacted]granted
agency. a DTI Exception
Reviewer Comment (2026-02-09): DTI exceeds
[redacted]% on QM loan
Seller Comment (2026-01-22): [redacted]manager
approval for DTI JLD
max DTI is [redacted]%
Seller Comment (2026-01-22): [redacted]&
[redacted]Facebook W-2
VVOE B1
[redacted] [redacted] [redacted] [redacted] 627400146 35772751 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client rested to Non QM Reviewer Comment (2026-02-10): waive 2/XX/2026 2 B FL Primary Purchase Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 4:16:25 PM QM
However, the updated Loan Designation of Non QM
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400147 35235722 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM Home
[Redacted] disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400147 35235841 Credit Income / Income Income / Income Docs Missing: - Verbal verification of employment is required within Reviewer Comment (2026-01-23): Foreign 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days from the note date. national 4:04:04 PM Home
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines a
written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400147 35236098 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document provided for foreign address. 4:08:31 PM Home
Seller Comment (2026-01-23): See loan
exception ID #[redacted]for REO docs on
foreign property.
Seller Comment (2026-01-23):
[redacted]uploaded has property taxes on
foreign property, LOX attached indicates no
insurance and HOA doc attached for HOA fee on
this property.
[redacted] [redacted] [redacted] [redacted] 627400147 35236562 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment is required within Reviewer Comment (2026-01-23): Foreign 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] business days from the note date. national, VVOE requirement waved. 4:13:09 PM Home
Seller Comment (2026-01-23): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines a
written verification of employment only is
obtained.
Seller Comment (2026-01-23):
[redacted]uploaded has property taxes on
foreign property, LOX attached indicates no
insurance and HOA doc attached for HOA fee on
this property.
[redacted] [redacted] [redacted] [redacted] 627400147 35236621 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Verbal verification of employment is required within Reviewer Comment (2026-01-29): After further 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted] business days from the note date. review, exception cleared. 1:53:16 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-27): Foreign borrowers Designation
with income outside of the [redacted] will NOT
have a VOE, per [redacted]product guidelines a
written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400147 35236622 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verbal verification of employment is required within Reviewer Comment (2026-01-29): After further 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted] business days from the note date. review, exception cleared. 1:53:16 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-27): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted]product guidelines a
written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400147 35236626 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [Redacted] Sufficient cure or valid change of circumstance is Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of required to cover the cure. 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400147 35236627 Compliance Compliance Federal TRID Defect TRID [Redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Document Preparation fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document $[redacted] on the Loan Estimate, but was disclosed as 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds $[redacted] on the Final Closing Disclosure. No valid the Following:
tolerance of $[redacted] $[redacted] over legal Change of Circumstance was provided for this change, nor Letter of
limit. Insufficient or no cure was provided to the evidence of cure. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400148 35228987 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM Home
[Redacted] disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400148 35229061 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not causing the loan to [redacted] through QM Testing. cleared 5:40:18 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35229062 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/[redacted] employment status causing the loan to [redacted] through QM Testing. exception cleared. 5:10:41 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-30): Foreign income
wvoe in file no paytubs or w2s
[redacted] [redacted] [redacted] [redacted] 627400148 35229063 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing [redacted] causing the loan to [redacted] through QM Testing. cleared 5:40:18 PM Home
Paystub, LES, ETS or WVOE.
Seller Comment (2026-01-30): Foreign income -
wvoe in file, no w2's or paystubs
[redacted] [redacted] [redacted] [redacted] 627400148 35229064 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided. 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing [redacted] causing the loan to [redacted] through QM Testing. 5:33:27 PM Home
Paystub, LES, ETS or WVOE. Seller Comment (2026-01-30): foregin income
wvoe in file no paytubs or w2s
[redacted] [redacted] [redacted] [redacted] 627400148 35229065 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. causing the loan to [redacted] through QM Testing. cleared 5:40:18 PM Home
[redacted] [redacted] [redacted] [redacted] 627400148 35229067 Credit Income / Income Income / The verification of employment is required - Missing VOE dated within [redacted] days of Note Date. Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. exception cleared. 5:10:52 PM Home
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35231328 Credit Income / Income Income / Income documentation requirements not met. Missing VOE dated within [redacted] days of Note Date. Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment exception cleared. 5:10:58 PM Home
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35231329 Credit Income / Income Income / Verification(s) of employment is not within - Missing VOE dated within [redacted] days of Note Date. Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 7:50:50 AM Home
[redacted] [redacted] [redacted] [redacted] 627400148 35231330 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or causing the loan to waterfall through QM Testing. exception cleared. 5:10:41 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-30): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35231331 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline causing the loan to waterfall through QM Testing. exception cleared. 5:12:44 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35250195 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Missing VOE dated within [redacted] days of Note Date, Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/W-[redacted] employment status causing the loan to waterfall through QM Testing. exception cleared. 5:23:18 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-30): Foreign income
wvoe in file, no w2's or paystubs
[redacted] [redacted] [redacted] [redacted] 627400148 35250206 Credit Income / Income Income / The verification of employment is required - Missing VOE dated within [redacted] days of Note Date Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. exception cleared. 5:11:59 PM Home
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35250207 Credit Income / Income Income / Verification(s) of employment is not within - Missing VOE dated within [redacted] days of Note Date Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 7:50:50 AM Home
[redacted] [redacted] [redacted] [redacted] 627400148 35486207 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. exception cleared. 5:11:06 PM Home
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400148 35486208 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-02): VOE provided, 2/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. exception cleared. 5:12:10 PM Home
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35272619 Credit Income / Income Missing REO Documents are missing. - The file was missing copy of Insurance verification Reviewer Comment (2026-02-04): Provided and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document for[redacted] [redacted] [redacted] [redacted]. cleared. 5:59:52 PM Home
Seller Comment (2026-02-04): hoa
Reviewer Comment (2026-02-02): Exception
remains, please provide doc for other payment
of $[redacted]
Seller Comment (2026-01-29): no ins
[redacted] [redacted] [redacted] [redacted] 627400149 35272621 Credit Loan Package Application / Flood [Redacted] Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a [Redacted] Disaster Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; area. A post-disaster inspection verifying there was no Greater than [redacted]from third party review 1:18:34 PM Home
[Redacted] disaster. Disaster Declaration Date: ___; damage to the subject property is required. date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400149 35272628 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not provided for the Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. wage income and the business. Guidelines require re- business days 3:00:20 PM Home
verification within [redacted] calendar days of the note
date for the wage income and within [redacted] calendar
days of the note date for the business.
[redacted] [redacted] [redacted] [redacted] 627400149 35272638 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment for the wage income and the further review 1:14:57 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. business. Guidelines require re-verification within ATR/QM status
[redacted] calendar days of the note date for the wage Seller Comment (2026-01-29): o Foreign
income and within [redacted] calendar days of the note borrowers with income outside of the
date for the business. [redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35272639 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to missing re-verification of employment Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/W-[redacted] employment status for the wage income and the business. Guidelines require further review 1:14:45 PM Home
using reasonably reliable third-party records. re-verification within [redacted] calendar days of the
note date for the wage income and within [redacted] Seller Comment (2026-01-29): o Foreign
calendar days of the note date for the business. borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35272640 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Waterfall due to missing re-verification of employment Reviewer Comment (2026-02-02): Guideline okay 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated for the wage income and the business. Guidelines require up to [redacted]days 1:23:37 PM Home
more than [redacted] days prior to closing. re-verification within [redacted] calendar days of the
note date for the wage income and within [redacted] Seller Comment (2026-01-29): expiration is
calendar days of the note date for the business. [redacted]days, not [redacted]days
[redacted] [redacted] [redacted] [redacted] 627400149 35272642 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-14): Cleared. Fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over disclosed by $[redacted] compared to name updated 4:38:17 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed the calculated Amount Financed of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400149 35272643 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Payments: Final Closing Disclosure provided on 7:37:18 AM Home Disclosure Cure
[redacted] disclosed an escrow payment for payment - Provide the
stream [redacted] that does not match the actual following:
payment for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35272644 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Payments: Final Closing Disclosure provided on 7:37:18 AM Home Disclosure Cure
[redacted] disclosed an escrow payment for payment - Provide the
stream [redacted] that does not match the actual following:
payment for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35272645 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Payments: Final Closing Disclosure provided on 7:37:18 AM Home Disclosure Cure
[redacted] disclosed an escrow payment for payment - Provide the
stream [redacted] that does not match the actual following:
payment for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35272646 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Test Payments: Final Closing Disclosure provided on 7:37:30 AM Home Disclosure Cure
[redacted] disclosed an escrow payment for payment - Provide the
stream [redacted] that does not match the actual following:
payment for the loan. Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35272647 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Non Escrow TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Costs Year [redacted] Underdisclosed - Disclosures: Non Escrowed Property Costs over Year 7:42:35 AM Home Explanation &
[redacted] [redacted] [redacted] of [redacted] on Final Closing Corrected
Disclosure provided on [redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400149 35272656 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-14): Cleared. Fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared name updated 4:38:17 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] which - Provide the
on page [redacted] that does not match the actual exceeds the $[redacted] threshold. following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400149 35272657 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow - Monthly Escrow Payment Disclosures: Final Closing Disclosure provided on disclosed the Monthly Escrow Payment that does not match 8:01:47 AM Home following:
Underdisclosed Test [redacted] disclosed the Monthly Escrow Payment the actual escrow payment for the loan. Letter of
that does not match the actual escrow payment for Explanation
the loan. notifying
borrower or
error and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35272658 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400149 35278336 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or for the wage income and the business. Guidelines require further review 1:12:21 PM Home
asset doc requirements which could result in a risk re-verification within [redacted] calendar days of the
to the borrower's ability to repay. (Exception is note date for the wage income and within [redacted] Seller Comment (2026-01-29): o Foreign
eligible to be regraded with compensating factors.) calendar days of the note date for the business. borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35278345 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to missing re-verification of employment Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline for the wage income and the business. Guidelines require further review 1:12:58 PM Home
components, the loan is at ATR risk. re-verification within [redacted] calendar days of the
note date for the wage income and within [redacted] Seller Comment (2026-01-29): o Foreign
calendar days of the note date for the business. borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35278346 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not provided for the Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment wage income and the business. Guidelines require re- further review 1:12:48 PM Home
verification within [redacted] calendar days of the note
date for the wage income and within [redacted] calendar Seller Comment (2026-01-29): o Foreign
days of the note date for the business. borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400149 35480269 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review 1:12:40 PM Home
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400151 35228129 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a provide A post disaster inspection verifying there was cleared 1:19:51 PM -
FEMA disaster. no damage the inspection must include exterior photos Rate/Term
and the property must be re-inspected on or after Buyer Comment (2026-02-06): BPO Porivded
[redacted]/XX/[redacted]declared end date.
[redacted] [redacted] [redacted] [redacted] 627400151 35228318 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted] due to missing Verification of income Reviewer Comment (2026-02-06): Converter 2/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not provided, cleared. 1:27:09 PM - provide updated
match Due Diligence Loan Designation of ATR Fail. Rate/Term ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400151 35228319 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The The Qualification Method used by the lender does not Reviewer Comment (2026-02-06): Updated method, 2/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not match the ATR payment calculation methods under cleared. 1:27:09 PM -
match the ATR payment calculation methods under [redacted] Rate/Term
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400151 35228320 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision REO Ability to Repay (Dodd-Frank [redacted]): REO has water fall due to foreign income currency converter is Reviewer Comment (2026-02-06): Converter 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Principal and Interest Amount Considered no P&I amount but is not indicated as a free & not having document date provided, cleared. 1:27:09 PM -
clear owned property. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400151 35228321 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Final Closing Disclosure. File does not contain a valid Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of COC for this fee, nor evidence of cure in file. 10:06:37 AM - Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus Rate/Term the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400151 35228335 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to missing ytd paystub Reviewer Comment (2026-02-06): Converter 2/XX/2026 1 A A CA Primary Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. provided, cleared. 1:27:09 PM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400152 35230600 Credit Asset Asset Asset Guideline Issue:Insufficient asset - Per guidelines required [redacted] months of consecutive Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation documentation. statements for Account Number: [redacted] [redacted] cleared. 2:32:39 PM Home
[redacted] and the IRA accounts.
Seller Comment (2026-01-15): Uploading
[redacted]consecutive month's bank statements
([redacted]). IRA accounts were not used to
qualify.
Seller Comment (2026-01-15): Uploading
[redacted]consecutive month's bank statements
[redacted]). IRA accounts were not used to
qualify.
[redacted] [redacted] [redacted] [redacted] 627400152 35250266 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): [redacted] due to insufficient asset documentation. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Guideline requires [redacted]-month bank statements for cleared. 2:34:09 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. purchase transactions ATR/QM Loan
Seller Comment (2026-01-15): General ATR (Not Designation
QM) since foreign assets were provided/used
(UOB [redacted]-[redacted]).
[redacted] [redacted] [redacted] [redacted] 627400152 35250267 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted] due to insufficient asset documentation. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or Guideline requires [redacted]-month bank statements for cleared. 2:33:33 PM Home
asset doc requirements which could result in a risk purchase transactions
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-15): See Loan
eligible to be regraded with compensating factors.) Exception ID [redacted].
[redacted] [redacted] [redacted] [redacted] 627400152 35250268 Credit Asset Asset Asset Asset documentation requirements not met. [redacted] due to insufficient asset documentation. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Guideline requires [redacted]-month bank statements for cleared. 2:32:47 PM Home
purchase transactions
Seller Comment (2026-01-15): See Loan
Exception ID [redacted].
[redacted] [redacted] [redacted] [redacted] 627400152 35250283 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to insufficient asset documentation. Reviewer Comment (2026-01-15): Provided and 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline Guideline requires [redacted]-month bank statements for cleared. 2:34:09 PM Home
components, the loan is at ATR risk. purchase transactions
Seller Comment (2026-01-15): See Loan
Exception ID [redacted].
[redacted] [redacted] [redacted] [redacted] 627400154 35238822 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 8:58:55 PM Home
Seller Comment (2026-01-27): see international
credit report for property exp
[redacted] [redacted] [redacted] [redacted] 627400154 35238825 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400154 35238979 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has been employed in the same industry for DTI exception XXX Reviewer Comment (2025-12-16): DTI exception 12/XX/2025 2 B B CA Second Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than [redacted] years. w/XX/ comp Originator w/ comp factors provided. 3:21:47 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least factors Pre-Close,XXX
[redacted]% moderately exceeds the guideline $[redacted] provided. XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than Originator
to be regraded with compensating factors.) [redacted] years. Pre-Close,XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by XXX
at least [redacted] months. XXX
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
[redacted] [redacted] [redacted] [redacted] 627400154 35238997 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]Percent Fee Tolerance exceeded for Credit Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Credit Report Fee. Fee Report Fee. Fee Amount of $[redacted] exceeds tolerance 8:45:40 AM Home Refund Provide
Amount of $[redacted] exceeds tolerance of of $[redacted] $[redacted] over legal limit. the Following:
$[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400154 35239011 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Calculated investor qualifying total debt ratio of Borrower has been employed in the same industry for DTI exception XXX Reviewer Comment (2025-12-16): DTI exception 12/XX/2025 2 B B CA Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted]% exceeds Guideline total debt ratio of more than [redacted] years. w/XX/ comp Originator w/ comp factors provided. 3:21:32 PM Home
Guidelines [redacted]%. Borrower has verified disposable income of at least factors Pre-Close,XXX
Discrepancy $[redacted] provided. XXX
Borrower has worked in the same position for more than Originator
[redacted] years. Pre-Close,XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by XXX
at least [redacted] months. XXX
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
[redacted] [redacted] [redacted] [redacted] 627400154 35249446 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 2:38:09 PM Home
[redacted] [redacted] [redacted] [redacted] 627400154 35480081 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. met. 8:58:46 PM Home
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400155 35229241 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
documented in file. cleared. 3:39:20 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Rate lock
attached
[redacted] [redacted] [redacted] [redacted] 627400155 35229246 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment cleared. 3:39:17 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): VVOE within
[redacted]business days attached
[redacted] [redacted] [redacted] [redacted] 627400155 35229280 Property Property - Appraisal Data Property - XXX license or certification was not active - Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
Appraisal Integrity Appraisal at the time of the appraisal. review, exception cleared. 3:39:07 PM
Seller Comment (2026-02-03): doc upload
Seller Comment (2026-02-03): License attached
[redacted] [redacted] [redacted] [redacted] 627400155 35229294 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400155 35229297 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 B A NY Investment Purchase N/A N/A No
Documentation Processing Incorrect, or [redacted] cleared. 3:39:39 PM
Incomplete
Final or Seller Comment (2026-02-02): attached
Initial 1003
Seller Comment (2026-02-02): Initial
[redacted]attached
[redacted] [redacted] [redacted] [redacted] 627400155 35229310 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. cleared. 3:39:45 PM
Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400155 35229312 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of DTI Calculated as per Income and expenses available on Borrower has been employed in the same industry for Approved DTI XXX Reviewer Comment (2026-02-03): Approved DTI 2/XX/2026 2 C B NY Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. file. more than [redacted] years. exception with XXX exception with comp factors provided from 3:35:43 PM
Guidelines Borrower has verified disposable income of at least comp factors XXX origination.
Discrepancy $[redacted] provided from Originator
Borrower has worked in the same position for more than origination. Pre-Close,XXX Seller Comment (2026-02-02): doc upload
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX Seller Comment (2026-02-02): [redacted]granted
exceed the amount required based on the guidelines by an DTI exception
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400156 35230905 Credit Income / Income Missing REO Documents are missing. - The File is missing Tax Verification document for this Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Document property. cleared. 5:49:02 PM
Seller Comment (2026-01-20): see attached
title
[redacted] [redacted] [redacted] [redacted] 627400156 35230906 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400158 35227995 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial 1/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Documentation Processing Incorrect, or 1003 5:18:32 PM Home
Incomplete
Final or
Initial 1003
[redacted] [redacted] [redacted] [redacted] 627400158 35228200 Credit Income / Income Income / Income Docs Missing: - 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment 4:30:58 PM Home
[redacted] [redacted] [redacted] [redacted] 627400158 35228370 Compliance Compliance Federal Missing Missing Initial Loan Application Testing No evidence of application date located in file. 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Application Compliance tests were run using an application date 7:28:45 AM Home
Date of [redacted] which is [redacted] months prior to
consummation. A lookback was performed to
determine this application date using the following
dates: [redacted], [redacted], [redacted],
[redacted], [redacted], [redacted], [redacted].
Lookback testing performed up to one of the
following: TRID start date, TIL/XX/MDIA [redacted]
start date, LOS Application Date, Broker
Application Date, or [redacted] months prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400158 35228371 Compliance Compliance Federal TILA NMLS - Missing Evidence of Initial Loan Truth in Lending Act (NMLSR Dodd- Frank 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Application Date [redacted]): Unable to determine compliance with 7:29:31 AM Home
NMLSR timing requirements due to missing evidence
of initial loan application date.
[redacted] [redacted] [redacted] [redacted] 627400158 35228372 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not 1:31:15 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400158 35228384 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General 1/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 1:31:15 PM Home
[redacted] [redacted] [redacted] [redacted] 627400158 35228390 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated 1:31:15 PM Home
more than [redacted] days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400158 35228403 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing 2/XX/2026 2 B B NY Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least 8:08:10 AM Home
[redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400158 35228409 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Loan Estimate not 2/XX/2026 2 B B NY Second Purchase No Defined Cure Non QM Non QM No
Compliance application date on or after 10/XX/2015, no provided within loan images to evidence delivery to 8:40:38 AM Home
Loan Estimates in the Loan File the Borrower(s). The earliest Closing Disclosure
provided in the loan file was used as the estimated
baseline for Tolerance Testing. Depending on the
actual values on the initial Loan Estimate, a fee
tolerance cure of up to $[redacted] may be
required.
[redacted] [redacted] [redacted] [redacted] 627400158 35228423 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/[redacted] employment status 1:31:15 PM Home
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400158 35228655 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment 10 calendar days of the Note. 1:32:28 AM Home
[redacted] [redacted] [redacted] [redacted] 627400160 35241356 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Need a post disaster property inspection report showing Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; no damage to the subject property. Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400160 35241455 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Loan Discount Points Fee changed to $[redacted] on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount the CD dated [redacted]. A valid change of circumstance 8:45:40 AM - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds was not provided for fee change, and no evidence of - Other the Following:
tolerance of $[redacted] $[redacted] over legal tolerance cure was in the file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400160 35241456 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Appraisal Re-Inspection Fee changed to $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- on the CD dated [redacted]. A valid change of 8:45:40 AM - Cash-out Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds circumstance was not provided for fee change, and no - Other the Following:
tolerance of $[redacted] $[redacted] over legal evidence of tolerance cure was in the file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400160 35241457 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Transfer Tax Fee changed to $[redacted] on the CD Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. dated [redacted]. A valid change of circumstance was not 8:45:40 AM - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of provided for fee change, and no evidence of tolerance - Other the Following:
$[redacted] $[redacted] over legal limit. cure was in the file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400160 35241459 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 7:46:58 AM - Cash-out
with an increasing payment disclosed the due date payment of interest only that does not match the actual - Other
of the last payment of interest only that does not last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400161 35223708 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 1:44:33 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400164 35229979 Credit Income / Income Missing REO Documents are missing. - ___ Insurance Verification and Tax Verification not Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Employment Documentation Document provided. cleared 1:49:41 PM - QM
Rate/Term
Seller Comment (2026-01-21): please see where
taxes and insurance are listed as N/A for
taxes and insurance
Seller Comment (2026-01-21): see pg
[redacted]of settlement statement mentioning
that insurance is not a requirement
Seller Comment (2026-01-21): see borrower
explanation regarding the taxes and insurance
[redacted] [redacted] [redacted] [redacted] 627400164 35230001 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee disclosed was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Origination but disclosed as $[redacted] on Final Closing 8:45:40 AM - Refund Provide QM
Fee. Fee Amount of $[redacted] exceeds tolerance Disclosure. File does not contain a valid COC for this Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. fee, nor evidence of cure in file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400164 35230002 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee was not disclosed on Loan Estimate. File does not Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- contain a valid COC for this fee, nor evidence of cure 8:45:40 AM - Refund Provide QM
Inspection Fee. Fee Amount of $[redacted] exceeds .. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400164 35230003 Compliance Compliance Federal ATR/QM Defect Rental Income Documentation - Qualified Mortgage (Dodd-Frank [redacted]): Rental Lease agreement not provided in file. Reviewer Comment (2026-01-22): Schedule E 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance Schedule[redacted] Method Test income documentation requirement not met for provided, cleared. 2:19:06 PM - QM
[redacted]/XX/or Tax Return not provided. Rate/Term
Seller Comment (2026-01-21): here is schedule
E of [redacted] [redacted]
will send full [redacted]if required
[redacted] [redacted] [redacted] [redacted] 627400164 35230004 Compliance Compliance Federal ATR/QM Defect Rental Income Documentation - Schedule Qualified Mortgage (Dodd-Frank [redacted]): Rental Lease agreement not provided in file. Reviewer Comment (2026-01-22): Schedule E 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance [redacted] Method Test income documentation requirement not met for provided, exception cleared. 2:28:14 PM - QM
[redacted]/XX/or Tax Return not provided. Rate/Term
Seller Comment (2026-01-21): here is the
schedule E of [redacted] [redacted]
[redacted] [redacted] [redacted] [redacted] 627400164 35230012 Compliance Compliance Federal ATR/QM Defect QM Employment History Qualified Mortgage (Dodd-Frank [redacted]): Employment history requirement not met due to gap. Reviewer Comment (2026-02-16): Client elected 2/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance Employment history requirement not met. to retest as Non QM 3:18:12 PM - QM
Rate/Term
Seller Comment (2026-01-30): Seller requests
buyer review: send to buyer
Seller Comment (2026-01-30): no letter of
explanation for employment gap
[redacted] [redacted] [redacted] [redacted] 627400164 35230013 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Loan designation discrepancy due to employment history Reviewer Comment (2026-02-16): Client elected 2/XX/2026 1 C A NY Primary Refinance Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does requirement not met. to retest as Non QM 3:18:12 PM - provide updated QM
not match Due Diligence Loan Designation of Non QM. Rate/Term ATR/QM status
Seller Comment (2026-02-09): [redacted] cannot
provide
[redacted] [redacted] [redacted] [redacted] 627400164 35230042 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-22): VOE provided, 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted] business days of exception cleared. 2:13:58 PM - QM
closing. Rate/Term
Seller Comment (2026-01-21): Please see CredCo
VVOE confirmation completed on [redacted]
[redacted] [redacted] [redacted] [redacted] 627400164 35824763 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client elected to retest as Non QM Reviewer Comment (2026-02-16): Waived 2/XX/2026 2 B NY Primary Refinance Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 3:18:21 PM - QM
However, the updated Loan Designation of Non QM Rate/Term
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400165 35232741 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 1:58:46 PM Home
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400165 35232857 Credit Income / Income Missing REO Documents are missing. - loan is free and clear. only property tax doc required Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document futher review 12:43:21 PM Home
Seller Comment (2026-01-28): Intrenational
credit report for [redacted]annual taxes
[redacted] [redacted] [redacted] [redacted] 627400165 35232940 Credit Income / Income Income / Income Docs Missing: - ___ Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-09): Client elected 2/XX/2026 2 C B CA Second Purchase Non QM Non QM No
Employment Documentation Employment more than [redacted] years. XXX to regrade and waive 8:22:56 PM Home
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-09): EXCEPTION
Borrower has worked in the same position for more than XXX HISTORY - Exception Explanation was updated on
[redacted] years. [redacted] PRIOR Exception Explanation:
Borrower's monthly reserves have been verified and [redacted]( [redacted]), [redacted](
exceed the amount required based on the guidelines by [redacted]), Currency Converter/ Exchange
at least [redacted] months.
Borrowers made a down payment from their own funds on Seller Comment (2026-02-04): Seller requests
this purchase transaction of at least [redacted]% and buyer review: send to buyer
$[redacted]
Seller Comment (2026-02-04): agree that
ccurrency converter is not in file
Reviewer Comment (2026-01-30): Exception
remains, Currency converter required
Seller Comment (2026-01-28): CPA letter as
borrower is not a US citizen
[redacted] [redacted] [redacted] [redacted] 627400165 35233080 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Due to missing income documents Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not to regrade and waive 8:30:55 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400165 35233081 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Due to missing income documents[redacted]) Most recent Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable tax transcripts; [redacted]) Most recent signed, dated further review 12:47:48 PM Home
third-party records. [redacted]s; [redacted]) Audited YTD P&L; [redacted])
Most recent Business tax transcripts; [redacted]) Most Seller Comment (2026-01-29): Foreign borrowers
recent signed, dated [redacted] returns with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400165 35233082 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Due to missing income documents Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, further review 12:53:35 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400165 35233083 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Due to missing income documents Reviewer Comment (2026-02-06): Updated method, 2/XX/2026 1 B A CA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not cleared. 2:00:33 PM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400165 35233084 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Due to missing income documents Reviewer Comment (2026-02-09): Client elected 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. to regrade and waive 8:30:55 PM Home
[redacted] [redacted] [redacted] [redacted] 627400165 35233085 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Amount Financed disclosed is $[redacted] Calculated Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on Amount Financed of $[redacted] Variance of $[redacted] names, cleared. 6:18:41 AM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400165 35233086 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Finance Charge disclosed is $[redacted] Calculated Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on finance charge is $[redacted] Variance of $[redacted] names, cleared. 6:18:41 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400165 35233087 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Integrated Disclosure: Closing Disclosure not provided Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least to Borrower(s) at least [redacted] business days prior 8:08:10 AM Home
[redacted] ([redacted]) business days prior to to closing.
closing.
[redacted] [redacted] [redacted] [redacted] 627400165 35233088 Compliance Compliance Federal TRID TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient or excess cure was provided to the borrower Reviewer Comment (2025-12-15): Sufficient Cure 12/XX/2025 1 A A CA Second Purchase Final CD Non QM Non QM Yes
Compliance With Sufficient Cure Provided At Closing Percent Fee Tolerance exceeded for Credit Report at Closing. Provided At Closing 5:57:23 AM Home evidences Cure
Fee. Fee Amount of $[redacted] exceeds tolerance
of $[redacted] Sufficient or excess cure was
provided to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400166 35235820 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): As per Guidelines Maximum DTI was [redacted]% but lender Reviewer Comment (2026-02-16): Cleared 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not calculated DTI is exceeding the Guideline requirement. 3:36:00 PM provide updated
match Due Diligence Loan Designation of ATR Fail. Reviewer Comment (2026-02-16): reopen ATR/QM status
Seller Comment (2026-02-09): Exception
Approval; Email Approval
[redacted] [redacted] [redacted] [redacted] 627400166 35235821 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI As per Guidelines Maximum DTI was [redacted]% but lender Borrower has been employed in the same industry for Client accepts XXX Reviewer Comment (2025-12-16): Client elected 12/XX/2025 2 B B CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders calculated DTI is exceeding the Guideline requirement. more than [redacted] years. to downgrade Aggregator,XXX to waive with compensating factors. 4:06:10 PM
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least and waive with XXX
[redacted]% moderately exceeds the guideline $[redacted] comp.factors. Aggregator,XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than Borrower has
to be regraded with compensating factors.) [redacted] years. verified
Borrowers made a down payment from their own funds on disposable
this purchase transaction of at least [redacted]% and income of at
$[redacted] least
$[redacted]
Borrower's Own
Funds Percent:
[redacted]%
Borrower's Own
Funds Amount:
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400166 35235822 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General As per Guidelines Maximum DTI was [redacted]% but lender Reviewer Comment (2026-02-16): Client OK using 2/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calculated DTI is exceeding the Guideline requirement. CPA letter to verify rents from returns 3:33:02 PM
[redacted] [redacted] [redacted] [redacted] 627400166 35235829 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Lease Agreement is missing. Reviewer Comment (2026-02-16): Client OK using 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance and Assets - REO [redacted]% Method verify Real Estate Owned income ([redacted]% CPA letter to verify rents from returns 3:33:02 PM
Method) using reasonably reliable third-party
records. Seller Comment (2026-02-09): [redacted] is
unable to provide and agrees with exception.
Seller Comment (2026-02-09): CPA Letter -
rental income: [redacted]
[redacted] [redacted] [redacted] [redacted] 627400166 35235830 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Lease Agreement is missing. Reviewer Comment (2026-02-16): Client OK using 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance and Assets - REO [redacted]% Method verify Real Estate Owned income ([redacted]% CPA letter to verify rents from returns 3:33:02 PM
Method) using reasonably reliable third-party
records. Seller Comment (2026-02-09): [redacted]is
unable to provide and agrees with exception.
Seller Comment (2026-02-09): CPA Letter -
rental income: [redacted]
[redacted] [redacted] [redacted] [redacted] 627400166 35236074 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Loan Discount Points Fee changed to $[redacted] on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount the CD dated [redacted]/XX/[redacted]. A valid change of 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds circumstance was not provided for fee change, and no the Following:
tolerance of $[redacted] $[redacted] over legal evidence of tolerance cure was in the file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400166 35236082 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Transfer Tax Fee changed to $[redacted] on the LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. dated [redacted]/XX/[redacted]. A valid change of 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of circumstance was not provided for fee change, and no the Following:
$[redacted] $[redacted] over legal limit. evidence of tolerance cure was in the file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400166 35236137 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Disclosure disclosed a Finance Charges are Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] The calculated Finance charges is$[redacted] classification, cleared. 6:32:52 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed There is a variance of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400166 35236138 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Disclosure disclosed a Finance Charges are Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] The calculated Finance charges is classification, cleared. 6:32:52 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge $[redacted] There is a variance of $$[redacted] - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400166 35236198 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Loan Estimate date updated as per the given document. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by 8:43:19 AM
borrower at least [redacted] ([redacted]) business
days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400166 35236268 Credit 1003 Document Error 1003 Borrower(s) is not a [redacted]. Citizen, - Associated Passport to verify non-US citizen. Reviewer Comment (2026-02-05): Passport 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
and the guideline required documentation was provided, cleared. 3:54:53 PM
not provided.
Seller Comment (2026-02-05): Borrower Passport
[redacted] [redacted] [redacted] [redacted] 627400166 35236284 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a cleared. 2:16:07 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400166 35236294 Credit Income / Income Missing REO Documents are missing. - Lease Agreement is missing. Reviewer Comment (2026-02-16): Provided 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document 3:36:19 PM
Seller Comment (2026-02-09): [redacted]is
unable to provide and agrees with exception.
Seller Comment (2026-02-09): CPA Letter -
rental income: [redacted]
Reviewer Comment (2026-02-06): assign to buyer
Reviewer Comment (2026-02-05):
[redacted]agrees with exception and can't be
cured.
Seller Comment (2026-02-05): [redacted]is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400167 35229856 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Escrow Service Fee was not disclosed on initial LE but Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Escrow Service $[redacted] was disclosed on Closing disclosure. 9:08:27 AM Refund Provide QM
Fee. Fee Amount of $[redacted] exceeds tolerance Sufficient Cure was not provided on file. the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400167 35229893 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing most recent signed and dated Reviewer Comment (2026-02-09): Employment 2/XX/2026 1 C A NY Primary Purchase Safe Harbor Non QM No
Compliance Employment - S-Corp Test verify current S-Corp status due to missing Tax tax return/ transcript verified as required. 2:09:27 PM QM
Return/XX/Third Party P&L, CPA Letter, or other
Third Party Verification. Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): Tax returns
attached
[redacted] [redacted] [redacted] [redacted] 627400167 35229894 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-02-09): Employment 2/XX/2026 1 C A NY Primary Purchase Safe Harbor Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable calendar days of note date verified as required. 2:17:06 PM QM
third-party records.
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): P&L attached
[redacted] [redacted] [redacted] [redacted] 627400167 35229895 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to missing vvoe dated within [redacted] Reviewer Comment (2026-02-09): Employment 2/XX/2026 1 A A NY Primary Purchase Safe Harbor Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendar days of note date verified as required. 2:17:06 PM QM
[redacted] [redacted] [redacted] [redacted] 627400167 35229896 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Waterfall due to missing vvoe dated within [redacted] Reviewer Comment (2026-02-23): client retested 2/XX/2026 1 C A NY Primary Purchase Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does calendar days of note date to Non QM 9:12:05 AM provide updated QM
not match Due Diligence Loan Designation of Non QM. ATR/QM status
Seller Comment (2026-02-13): assign to buyer
Reviewer Comment (2026-02-09): The loan was
approved with a DTI of [redacted]% which
exceeds the Safe Harbor QM maximum allowable
of [redacted]%.
Reviewer Comment (2026-02-09): EXCEPTION
HISTORY - Exception Detail was updated on
[redacted] PRIOR Exception Detail: Qualified
Mortgage (Dodd-Frank 2014): Originator Loan
Designation of Safe Harbor QM does not match
Due Diligence Loan Designation of ATR Fail.
Seller Comment (2026-02-09): P&L dated
[redacted] previously attached and within
[redacted]days
[redacted] [redacted] [redacted] [redacted] 627400167 35229897 Compliance Compliance Federal ATR/QM Defect QM DTI Qualified Mortgage (Dodd-Frank [redacted]): Total Total Debt to Income Ratio exceeds [redacted]% and the Reviewer Comment (2026-02-23): client retested 2/XX/2026 1 C A NY Primary Purchase Safe Harbor Non QM No
Compliance Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for to Non QM 9:12:05 AM QM
images do not provide evidence loan is eligible for purchase, guarantee or insurance
purchase, guarantee or insurance by the appropriate Seller Comment (2026-02-13): assign to buyer
agency.
Reviewer Comment (2026-02-09): The loan was
approved with a DTI of [redacted]% which
exceeds the Safe Harbor QM maximum allowable
of [redacted]%.
Seller Comment (2026-02-09): Product
guidelines for DTI is [redacted]% which the
borrower did not exceed.
[redacted] [redacted] [redacted] [redacted] 627400167 35229898 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-14): Cleared. 1/XX/2026 1 B A NY Primary Purchase TILA Material Safe Harbor Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over disclosed by $[redacted] compared to updated fee name 5:57:02 PM Disclosure Cure QM
[redacted] disclosed an Amount Financed disclosed the calculated Amount Financed of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount Itemization of fee amount not found in file following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400167 35229899 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-14): Cleared. 1/XX/2026 1 B A NY Primary Purchase TILA Material Safe Harbor Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared updated fee name 5:57:02 PM Disclosure Cure QM
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] - Provide the
on page [redacted] that does not match the actual Itemization of fee amount not found in file following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400167 35229901 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Fee Amount of $[redacted] exceeds tolerance of Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. $[redacted] $[redacted] over legal limit. Insufficient 9:09:19 AM Refund Provide QM
Fee Amount of $[redacted] exceeds tolerance of or no cure was provided to the borrower. the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400167 35229939 Compliance Compliance Federal ATR/QM Defect QM Employment History - Current Employment Qualified Mortgage (Dodd-Frank [redacted]): Missing [redacted] due to missing signed and dated tax returns Reviewer Comment (2026-02-09): Employment 2/XX/2026 1 B A NY Primary Purchase Safe Harbor Non QM No
Compliance Documentation lacks Date Info Employment Dates to verify [redacted] years current verified as required. 2:09:27 PM QM
employment.
Seller Comment (2026-02-09): signed returns
attached
Seller Comment (2026-02-09): doc upload
[redacted] [redacted] [redacted] [redacted] 627400167 35229940 Compliance Compliance Federal ATR/QM Defect S-Corp Income Documentation Test Qualified Mortgage (Dodd-Frank [redacted]): Self- [redacted] due to missing signed and dated tax returns Reviewer Comment (2026-02-09): Employment 2/XX/2026 1 C A NY Primary Purchase Safe Harbor Non QM No
Compliance employed income documentation not sufficient (S- verified as required. 2:34:19 PM QM
Corp).
Seller Comment (2026-02-09): previoulsy
attached
[redacted] [redacted] [redacted] [redacted] 627400167 35483837 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B NY Primary Purchase TILA Material Safe Harbor Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 9:09:31 AM Disclosure Cure QM
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400167 35866679 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The client retested to Non QM Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B NY Primary Purchase Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 9:13:09 AM QM
However, the updated Loan Designation of Non QM
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400169 35229863 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted]from third party 1:18:34 PM QM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400169 35229879 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of sum of section [redacted] & recording fees. No valid COC 10:06:37 AM Refund Provide QM
$[redacted] exceeds tolerance of $[redacted] plus was provided. the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400169 35229944 Compliance Compliance Federal ATR/QM Defect Wages Documentation Qualified Mortgage (Dodd-Frank [redacted]): Unable Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Compliance to verity income due to, WVOE provided was dated calendars from Note Date. guides 4:00:51 PM QM
more than [redacted] days prior to closing.
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400169 35229952 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Compliance Employment - [redacted] verify current Wages/[redacted] employment status calendars from Note Date. guides 4:00:42 PM QM
using reasonably reliable third-party records.
Seller Comment (2026-01-16): See Loan
Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35229957 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated calendars from Note Date. guides 4:01:14 PM QM
more than [redacted] days prior to closing.
Seller Comment (2026-01-16): See Loan
Exception ID # [redacted]. Foreign
verification of Employmnet is good for
[redacted]days.
[redacted] [redacted] [redacted] [redacted] 627400169 35229959 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Verification of employment is not within [redacted] Reviewer Comment (2026-02-20): Client retested 2/XX/2026 1 A A NJ Primary Purchase Safe Harbor Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendars from Note Date. to Non QM 12:24:04 PM QM
[redacted] [redacted] [redacted] [redacted] 627400169 35229960 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does calendars from Note Date. guides 4:01:25 PM provide updated QM
not match Due Diligence Loan Designation of ATR ATR/QM status
Fail. Seller Comment (2026-01-16): See Loan
Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35231332 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendars from Note Date. business days 7:52:12 AM QM
[redacted] [redacted] [redacted] [redacted] 627400169 35231333 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Employment Documentation Employment calendars from Note Date. guides 4:01:34 PM QM
Seller Comment (2026-01-16): See Loan
Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35231334 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Compliance Impact guideline deficiencies related to income and/or calendars from Note Date. guides 4:01:44 PM QM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-16): See Loan
eligible to be regraded with compensating factors.) Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35231335 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 C A NJ Primary Purchase Safe Harbor Non QM No
Compliance Guidelines the loan failing one or more guideline components, calendars from Note Date. guides 4:01:52 PM QM
the loan is at ATR risk.
Seller Comment (2026-01-16): See Loan
Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35486221 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-16): Cleared, per 1/XX/2026 1 A NJ Primary Purchase Safe Harbor Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides 4:02:02 PM QM
Seller Comment (2026-01-16): See Loan
Exception ID # [redacted].
[redacted] [redacted] [redacted] [redacted] 627400169 35858956 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client retested to Non QM Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B NJ Primary Purchase Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 7:23:44 AM QM
However, the updated Loan Designation of Non QM
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400172 35233235 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400172 35233426 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount on the Loan Estimate, but was disclosed as $[redacted] 8:45:40 AM - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds on the Final Closing Disclosure. No valid Change of - Other the Following:
tolerance of $[redacted] $[redacted] over legal Circumstance was provided for this change, nor evidence Letter of
limit. Insufficient or no cure was provided to the of cure. Provide a post-close Closing Disclosure Explanation,
borrower. disclosing the tolerance violation of $[redacted] a copy Proof of
of the refund check, proof of delivery, and a copy of Delivery, Copy
the Letter of Explanation to the borrower disclosing the of Refund
changes made. Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400172 35233427 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Service charges was last disclosed as $[redacted] on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Service Charges. Loan Estimate, but was disclosed as $[redacted] on the 8:45:40 AM - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Final Closing Disclosure. No valid Change of - Other the Following:
$[redacted] $[redacted] over legal limit. Circumstance was provided for this change, nor evidence Letter of
Insufficient or no cure was provided to the of cure. Provide a post-close Closing Disclosure Explanation,
borrower. disclosing the tolerance violation of $[redacted] a copy Proof of
of the refund check, proof of delivery, and a copy of Delivery, Copy
the Letter of Explanation to the borrower disclosing the of Refund
changes made. Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400174 35228617 Credit Missing General Missing Missing Document: Condo/PUD Warranty not Reviewer Comment (2026-01-12): Database 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Document Document provided provided meets guides, exception cleared. 4:25:40 PM
Seller Comment (2026-01-12): No warranty is
required to be completed if the Condo has
final approval, a screen shot of the approval
must be included in the loan file. review
the [redacted]Condo Project database to
determine if the project has already been
reviewed:
{Y"} If the project is on the approved list in
the condo database, and no docs are expired,
follow the
procedure to capture the approval from the
condo database. Screen shot was in file and
is attached.
Seller Comment (2026-01-12): attached
[redacted] [redacted] [redacted] [redacted] 627400175 35229277 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; provide A post disaster inspection verifying there was Greater than [redacted]from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; no damage the inspection must include exterior photos review date
Disaster End Date: ___ and the property must be re-inspected on or after ..
[redacted]. declared end date.
[redacted] [redacted] [redacted] [redacted] 627400175 35238717 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds There's a Lender exception in file for LTV exceeding Max Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Client elects 1/XX/2026 2 C B NY Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. LTV of [redacted]% required per guidelines. Exception more than [redacted] years. XXX to downgrade and waive based on: 2:32:30 PM
Eligibility Eligibility Eligibility approval and comp factors not provided. Borrower has verified disposable income of at least XXX Borrower FICO of [redacted]and nearly $
$[redacted] XXX [redacted]in reserves'
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Seller Comment (2026-01-21): please see
Borrower's monthly reserves have been verified and XXX uploaded [redacted]manager approval for JLD
exceed the amount required based on the guidelines by [redacted] LTV exception to [redacted]%
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400175 35238718 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ There's a Lender exception in file for LTV exceeding Max Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Client elects 1/XX/2026 2 C B NY Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage LTV of [redacted]% required per guidelines. Exception more than [redacted] years. XXX to downgrade and waive based on: 2:32:39 PM
Guidelines of ___. approval and comp factors not provided. Borrower has verified disposable income of at least XXX Borrower FICO of [redacted]and nearly $
Discrepancy $[redacted] XXX [redacted]in reserves'
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Seller Comment (2026-01-21): comp factors are
Borrower's monthly reserves have been verified and XXX listed on manager approval e-mail, which are
exceed the amount required based on the guidelines by [redacted]FICO and $ [redacted]in reserves
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400177 35228112 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted]from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___; declared end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400177 35228338 Credit Income / Income Income / The verification of employment is required - Verification of employment is not within [redacted] Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. calendar days. further review 3:15:23 PM
Seller Comment (2026-02-05): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400177 35228339 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days. business days 2:39:49 PM
[redacted] [redacted] [redacted] [redacted] 627400177 35228340 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days. business days 2:39:44 PM
[redacted] [redacted] [redacted] [redacted] 627400177 35231309 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment calendars from Note Date. further review 3:14:02 PM
Seller Comment (2026-02-05): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400177 35480100 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review 3:14:48 PM
Seller Comment (2026-02-05): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400177 35480101 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review 3:15:10 PM
Seller Comment (2026-02-05): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400178 35230508 Credit Income / Income Income / Income documentation requirements not met. VVOE is required verification of employment within Reviewer Comment (2026-01-29): Doc provided 1/XX/2026 1 C A AZ Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days prior to the note date. and cleared 2:48:49 PM - Limited
Cash-out
Seller Comment (2026-01-28): VVOE Apple GSE
[redacted] [redacted] [redacted] [redacted] 627400178 35230509 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-29): Doc provided 1/XX/2026 1 C A AZ Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted] business days of and cleared 2:48:56 PM - Limited
closing. Cash-out
Seller Comment (2026-01-28): VVOE Apple GSE
[redacted] [redacted] [redacted] [redacted] 627400178 35230999 Credit Income / Income Income / The verification of employment is required - The file is missing the verbal verification of Reviewer Comment (2026-01-29): Doc provided 1/XX/2026 1 C A AZ Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. employment obtained within [redacted] business days of and cleared 2:49:03 PM - Limited
closing. Cash-out
Seller Comment (2026-01-28): VVOE Apple GSE
[redacted] [redacted] [redacted] [redacted] 627400179 35226273 Compliance Compliance Federal Missing Notice of Special Flood Hazard Disclosure FDPA Notification Rule: Creditor did not provide a Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Investment Purchase N/A N/A No
Compliance Disclosure Missing Notice of Special Flood Hazard Disclosure for 7:24:04 AM
property located in a flood zone.
[redacted] [redacted] [redacted] [redacted] 627400179 35227372 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400179 35227755 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance [redacted] uses FannieMae's definition of acceptable Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A NJ Investment Purchase N/A N/A No
Analysis coverage amount is insufficient. coverage. Fannie Mae requires coverage equal to the and cleared 1:54:07 PM
lesser of the following:
[redacted]% of the insurable value of the improvements, Seller Comment (2026-01-22): see replacement
as established by the property insurer; or the unpaid cost vs insured amount
principal balance of the mortgage, as long as it at
least equals the minimum amount-[redacted]% of the Reviewer Comment (2026-01-21): RCE per
insurable value of the improvements-required to [redacted] is $ [redacted]. Site value is $
compensate for damage or loss on a replacement cost [redacted]. Please provide replacement cost
basis. If it does not, then coverage that does provide estimate of $ [redacted].
the minimum required amount must be obtained. There is
a shortfall of $[redacted] Seller Comment (2026-01-20): dwelling coverage
exceeds the estimated replacement cost
[redacted] [redacted] [redacted] [redacted] 627400180 35245391 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400180 35245809 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-01-27): Ok for 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared once all ATR specific [redacted]with WVOE 11:19:52 AM Home provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions have been cured/cleared. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400180 35245810 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, WVOE provided was dated Reviewer Comment (2026-01-27): Ok for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated more than [redacted] days prior to closing. [redacted]with WVOE 11:19:52 AM Home
more than [redacted] days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400180 35245811 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-27): Ok for 1/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. This exception will be cleared once all ATR specific [redacted]with WVOE 11:19:52 AM Home
exceptions have been cured/cleared.
[redacted] [redacted] [redacted] [redacted] 627400180 35245813 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid COC the Following:
tolerance of $[redacted] $[redacted] over legal for this fee, nor evidence of cure in file. Provide a Letter of
limit. Insufficient or no cure was provided to the post-close CD disclosing the tolerance cure to include Explanation,
borrower. $[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400180 35245828 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of [redacted] is less Reviewer Comment (2026-01-27): Cleared with 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Discrepancy / discrepancy. than Guideline PITIA months reserves of [redacted]. POC verified 11:17:43 AM Home
Guidelines
Discrepancy Reviewer Comment (2026-01-23): Unable to clear
exception, total asset captured per review
match asset documentation provided.
Seller Comment (2026-01-23): see pg
[redacted]of worksheet for asset calc
Seller Comment (2026-01-22): see pg
[redacted]
Seller Comment (2026-01-22): worksheet page
[redacted]shows borrower had reserves with an
excess of $ [redacted], that plus the mount we
calculated of $ [redacted]= $ [redacted]div by
your qualifying pmt of $ [redacted]=
[redacted]mos
Reviewer Comment (2026-01-21): Verified asset
total matches lender's total on trailing asset
analysis. After closing funds and EMD,
remaining funds $ [redacted]. [redacted]x $
[redacted]= $ [redacted].
Seller Comment (2026-01-20): see attached for
reserve calc
Seller Comment (2026-01-20): according to
worksheet borrower had [redacted]months
reserves
[redacted] [redacted] [redacted] [redacted] 627400180 35246406 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline This exception will be cleared once all ATR specific cleared 11:18:22 AM Home
components, the loan is at ATR risk. exceptions have been cured/cleared.
[redacted] [redacted] [redacted] [redacted] 627400181 35223851 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted]from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___; declared end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400181 35223975 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid Change of circumstance provided, nor evidence Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for [redacted]K of cure in file. name, cleared. 6:40:17 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400181 35223976 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid Change of circumstance provided, nor evidence Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report of cure in file. 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400181 35223978 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid Change of circumstance provided, nor evidence Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. of cure in file. 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400181 35224011 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclosed an Amount Financed disclosed an inaccurate name, cleared. 6:40:17 AM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Amount Financed. - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400181 35224012 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page name, cleared. 6:40:17 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge - Provide the
on page [redacted] that does not match the actual for the loan. following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400181 35224013 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on disclosed an inaccurate Total of Payments on page name, cleared. 6:40:17 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of [redacted] that does not match the actual total of - Provide the
Payments on page [redacted] that does not match the payments for the loan following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400181 35224014 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Loan Estimate provided on [redacted] not received by Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by borrower at least four business days prior to closing. 8:43:19 AM Home
borrower at least four ([redacted]) business days
prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400181 35513986 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee Amount of $[redacted] exceeds tolerance of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- $[redacted] $[redacted] over legal limit. Insufficient 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds or no cure was provided to the borrower. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400182 35235711 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400182 35235892 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-01-16): Cleared. 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared once all ATR specific Foreign VOE not required for foreign nationals 3:44:32 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions have been cured/cleared. employment history ATR/QM status
Seller Comment (2026-01-16): General ATR (Not
QM){ellipsis}Foreign National working outside
of the US.
[redacted] [redacted] [redacted] [redacted] 627400182 35235893 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/[redacted] employment Reviewer Comment (2026-01-16): Cleared. cpa 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment -[redacted] verify current Wages/[redacted] employment status status using reasonably reliable third-party records. doc provided 3:44:18 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400182 35235894 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, missing [redacted] Reviewer Comment (2026-01-16): Cleared. 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing [redacted] Paystub, LES, ETS or WVOE. Foreign VOE not required for foreign nationals 3:43:03 PM Home
Paystub, LES, ETS or WVOE. employment history
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400182 35235895 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failure due to insufficient income documentation. Reviewer Comment (2026-02-24): After further 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. This exception will be cleared once all ATR specific review exception cleared 4:47:32 PM Home
exceptions have been cured/cleared.
[redacted] [redacted] [redacted] [redacted] 627400182 35235896 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Without Sufficient Cure Provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400182 35235897 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Without Sufficient Cure Provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400182 35235932 Credit Income / Income Income / The verification of employment is required - The verification of employment is required and was not Reviewer Comment (2026-01-16): Cleared. 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. found in file. Foreign VOE not required for foreign nationals 3:42:48 PM Home
employment history
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400182 35235933 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-16): Cleared. 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. Foreign VOE not required for foreign nationals 3:42:21 PM Home
employment history
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted]product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400184 35241664 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing CD dated [redacted] is incomplete. Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] removed from testing per attestation. 4:32:05 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400184 35241665 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Data has been correctly captured. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM Home
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400184 35241666 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Provided date of Loan Estimate is [redacted] and e- Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] signed is dated [redacted]. 8:12:23 AM Home
([redacted]) business days of application. Initial
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400184 35241669 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Re-Issue Fee was disclosed on initial Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report estimate as $[redacted] but disclosed but final Closing 8:45:40 AM Home Refund Provide
Re-Issue Fee. Fee Amount of $[redacted] exceeds Disclosure $[redacted] File does not contain a valid COC the Following:
tolerance of $[redacted] $[redacted] over legal for this fee, nor evidence of cure is provided in file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400184 35241670 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Attorney Review Fee was disclosed on initial Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Attorney Loan estimate as $[redacted] but disclosed but final 8:45:40 AM Home Refund Provide
Review Fee. Fee Amount of $[redacted] exceeds Closing Disclosure $[redacted] File does not contain a the Following:
tolerance of $[redacted] $[redacted] over legal valid COC for this fee, nor evidence of cure is provided Letter of
limit. Insufficient or no cure was provided to the in file. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400184 35241671 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] General Counsel Fee was disclosed on initial Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for General Counsel estimate as $[redacted] but disclosed but final Closing 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Disclosure $[redacted] File does not contain a valid COC the Following:
of $[redacted] $[redacted] over legal limit. for this fee, nor evidence of cure is provided in file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400185 35233316 Credit Guideline Guideline Guideline Aged document: Asset Account date is more - Bank Statement within [redacted] days of closing is Reviewer Comment (2026-01-22): Bank statement 1/XX/2026 1 C A MA Investment Refinance N/A N/A No
Issue than [redacted] days prior to Closing. required. provided, cleared. 2:41:39 PM - Cash-out
- Other
Seller Comment (2026-01-21): UW worksheet
[redacted] HK Sept statement [redacted]
Seller Comment (2026-01-21): Interactive
Brokers [redacted] was not used for asset
qualification
Please see UW worksheet page[redacted]
Provided Sept[redacted]
Also provided currency conversion of this
statement
[redacted] [redacted] [redacted] [redacted] 627400185 35233480 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A MA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days. 2:39:28 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400185 35480094 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 A MA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guides, cleared. 2:42:51 PM - Cash-out
- Other
Seller Comment (2026-01-21): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400186 35228279 Credit Credit Credit Missing Missing Document: Credit Report not provided Credit report document is missing. Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 D A WA Second Purchase Non QM Non QM No
Documentation Document cleared. 8:24:31 PM Home
Seller Comment (2026-01-16): International
Credit Report (ICR) uploaded to file.
[redacted] [redacted] [redacted] [redacted] 627400186 35229271 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation discrepancy due to missing of Third- Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A WA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not party verification of employment in the file. cleared. 8:25:22 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-16): General ATR (Not
QM){ellipsis}Foreign National working outside
of the US.
[redacted] [redacted] [redacted] [redacted] 627400186 35229272 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank [redacted]): Unable to Loan designation discrepancy due to missing of Third- Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable party verification of employment in the file. cleared. 8:25:22 PM Home
third-party records.
Seller Comment (2026-01-16): Foreign
Verification of Employment uploaded to the
file. Foreign borrowers with income outside of
the [redacted] will not have a VOE, per
[redacted] product guidelines a written
verification of employment only is obtained.
[redacted] [redacted] [redacted] [redacted] 627400186 35229274 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Loan designation discrepancy due to missing of Third- Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not party verification of employment in the file. 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400186 35229275 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee disclosed was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B WA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report but disclosed as $[redacted] on Final Closing 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Disclosure. File does not contain a valid COC for this the Following:
of $[redacted] $[redacted] over legal limit. fee, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400186 35229286 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of addition of recording fees. No valid COC provided, cure 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus provided at closing. the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400186 35229335 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] due to missing of third party verification of Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 A A WA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. Employment. cleared. 8:25:22 PM Home
[redacted] [redacted] [redacted] [redacted] 627400186 35230259 Credit Income / Income Income / Verification(s) of employment is not within - Income not within [redacted] calendar days of note. Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 1:36:31 AM Home
[redacted] [redacted] [redacted] [redacted] 627400186 35484710 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 A WA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:25:44 PM Home
[redacted] [redacted] [redacted] [redacted] 627400187 35233910 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-28): Doc provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
documented in file. and cleared 5:21:51 PM -
Rate/Term
Seller Comment (2026-01-27): rate lock
Seller Comment (2026-01-27): lock attached
[redacted] [redacted] [redacted] [redacted] 627400187 35233923 Credit Income / Income Income / Verification(s) of employment is not within - Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. more than [redacted] years. XXX to regrade and waive 9:06:18 AM -
Borrower has owned the subject property for at least XXX Rate/Term
[redacted] years. XXX Seller Comment (2026-01-30): Refer to Buyer.
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-01-30): Refer to Buyer.
Borrower has worked in the same position for more than XXX
[redacted] years. Seller Comment (2026-01-30): Send to Buyer
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
[redacted] [redacted] [redacted] [redacted] 627400188 35259146 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 2:22:58 PM Home
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400188 35259921 Credit Loan Package Application / Missing Missing Document: Divorce Decree / Child 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing Document Support not provided 3:09:18 PM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35259950 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Borrower's monthly reserves have been verified and Reserves: 48.70 Originator,XXX 12/XX/2025 2 B B CA Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. exceed the amount required based on the guidelines by 9:57:30 AM Home
Guidelines at least 4 months.
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400188 35259951 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 10 calendar days of the Note. 9:13:19 AM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35260003 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not 5:04:58 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400188 35260004 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Employment - Commission verify current Commission employment status using 4:57:50 PM Home
reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400188 35260005 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Employment - W-2 verify current Wages/W-[redacted] employment status 4:57:50 PM Home
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400188 35260006 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Commission to verify Commission income due to, paystub 4:57:50 PM Home
provided was dated more than [redacted] days prior
to closing, WVOE provided was dated more than
[redacted] days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400188 35260007 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable 5:07:55 PM Home
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400188 35260008 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, paystub provided was dated 5:07:55 PM Home
more than [redacted] days prior to closing, WVOE
provided was dated more than [redacted] days prior
to closing.
[redacted] [redacted] [redacted] [redacted] 627400188 35260009 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline 5:07:55 PM Home
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400188 35260010 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The 2/XX/2026 1 B A CA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 4:54:43 PM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400188 35260012 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 5:02:59 PM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35260013 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing 2/XX/2026 2 B B CA Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least 5:13:48 PM Home
[redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400188 35260015 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 5:13:39 PM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400188 35260016 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Credit Report Re-Issue 5:13:57 PM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400188 35260017 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - 5:14:05 PM Home Refund Provide
Endorsement Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400188 35263943 Credit Income / Income Income / Income documentation requirements not met. 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 3:16:54 PM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35263957 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has been employed in the same industry for Reserves: 48.70 XXX 2/XX/2026 2 C B CA Second Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than 5 years. XXX 6:15:14 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least XXX
[redacted]% moderately exceeds the guideline $2500.00. Originator,XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than XXX
to be regraded with compensating factors.) 3 years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
[redacted] [redacted] [redacted] [redacted] 627400188 35263959 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or 5:11:11 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400188 35264135 Credit Income / Income Income / Income Docs Missing: - 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 3:14:22 PM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35486832 Credit Income / Income Income / Verification(s) of employment is not within - 1/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment 10 business days of the Note. 3:14:48 PM Home
[redacted] [redacted] [redacted] [redacted] 627400188 35906072 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): 2/XX/2026 1 A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not 6:16:11 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400190 35230028 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400191 35243924 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400191 35244024 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing Valid Change of Circumstance. No cure provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. 8:45:40 AM Home - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of - Other the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400191 35244025 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing Valid Change of Circumstance. No cure provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Home Inspection 8:45:40 AM Home - Cash-out Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance - Other the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400191 35244040 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:01:42 PM Home - Cash-out
- Other
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400192 35233603 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-02): Not required 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. for foreign borrower 7:22:10 PM -
Rate/Term
Seller Comment (2026-01-30): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400192 35233633 Credit Income / Income Missing REO Documents are missing. - Insurance Verification, Tax Verification not provided. Reviewer Comment (2026-02-02): Received tax 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document verification. 7:22:37 PM -
Rate/Term
Seller Comment (2026-01-30): property tax
[redacted] [redacted] [redacted] [redacted] 627400192 35233638 Credit Income / Income Missing REO Documents are missing. - Insurance Verification, Tax Verification not provided. Reviewer Comment (2026-02-02): Received tax 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document verification. 7:22:47 PM -
Rate/Term
Seller Comment (2026-01-30): here is tax,
agree on insurance
[redacted] [redacted] [redacted] [redacted] 627400193 35231236 Credit Income / Income Income / Verification(s) of employment is not within - Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B NC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. more than [redacted] years. XXX to regrade and waive 9:07:29 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Seller Comment (2026-02-02): [redacted] is
Borrower has worked in the same position for more than XXX unable to provide and agrees with exception.
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX Reviewer Comment (2026-01-30): Please provide
exceed the amount required based on the guidelines by VOE with corrected year, Exception remains.
at least [redacted] months.
Borrowers made a down payment from their own funds on Seller Comment (2026-01-28): Note Date
this purchase transaction of at least [redacted]% and [redacted]; [redacted] SFE account [redacted]
$[redacted] shows Borrower, [redacted], payroll deposit
The qualifying DTI on the loan is at least [redacted]% from [redacted]-Payroll on [redacted]; VOE
less than the guideline maximum. provided shows incorrect year; however,
The representative FICO score exceeds the guideline payroll deposit supports Borrower was employed
minimum by at least [redacted] points. within [redacted] of the Note Date.
[redacted] [redacted] [redacted] [redacted] 627400194 35257336 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA disaster area, Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a and no post disaster inspection report was provided. cleared. 2:34:27 PM Home
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400194 35259351 Credit Income / Income Income / Verification(s) of employment is not within - Missing verification of employment dated [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days prior to the note date. business days 7:54:52 AM Home
[redacted] [redacted] [redacted] [redacted] 627400194 35486234 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 4:06:16 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400195 35229007 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than[redacted] from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400195 35229147 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Disclosure disclosed a Amount Financed are Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] The calculated Amount Financed is 7:34:35 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed $[redacted] There is a variance of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount Itemization of fee amount not found in file following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400195 35229148 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Disclosure disclosed a Finance Charges are Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] The calculated Finance charges is 7:38:46 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge $[redacted] There is a variance of $[redacted] - Provide the
on page [redacted] that does not match the actual Itemization of fee amount not found in file following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400195 35229151 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Fee disclosed was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Transfer Tax. Fee but disclosed as $[redacted] on Final Closing 8:45:40 AM Refund Provide
Amount of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid COC for this the Following:
$[redacted] $[redacted] over legal limit. fee, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400195 35229159 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure was not received by borrower at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Regular APR Change Closing Disclosure issued on [redacted] contains a [redacted] ([redacted]) business days prior to 8:29:18 AM
change in APR and a complete Closing Disclosure was consummation.
not received by borrower at least
[redacted]([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400195 35229191 Compliance Compliance Federal TRID Defect TRID Post Close Closing Disclosure Timing TILA-RESPA Integrated Disclosure - [redacted]-Day Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Regular Transactions Waiting Period Timing Violation. Post Closing 8:43:10 AM
Disclosure reflects a change in APR, loan product,
or addition of prepayment penalty which would have
triggered an additional [redacted]-day waiting
period had it been correctly disclosed on the Final
Closing Disclosure.
[redacted] [redacted] [redacted] [redacted] 627400196 35231240 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): Cleared after 1/XX/2026 1 C A DC Investment Purchase N/A N/A No
Employment Documentation Employment calendar days. further review 5:45:17 PM
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400196 35231241 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A DC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days. business days 3:05:54 PM
[redacted] [redacted] [redacted] [redacted] 627400196 35480322 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-28): Cleared after 1/XX/2026 1 A DC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review 5:45:09 PM
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400197 35229847 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over disclosed by $[redacted] name, cleared. 6:48:33 AM - Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Rate/Term - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400197 35229848 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared name, cleared. 6:48:33 AM - Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] Rate/Term - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400197 35229849 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan The disclosed Total of Payments in the amount of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared 10:38:58 AM - Disclosure Cure
[redacted] disclosed an inaccurate Total of to the calculated total of payments of $[redacted] which Rate/Term - Provide the
Payments on page [redacted] that does not match the exceeds the $[redacted] threshold. following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
i(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400197 35229850 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted] Tolerance. Fee Amount of $[redacted] exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Title - Attorney Review tolerance of $[redacted] without a valid change of 8:45:40 AM - Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance circumstance. No cure was provided. Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400197 35255823 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Reviewer Comment (2025-12-17): Cash proceeds 12/XX/2025 1 C A NY Primary Refinance Non QM Non QM No
Issue greater than the lesser of [redacted]% of Refi Purpose: ___ to the borrower may not exceed the greater of 10:33:16 AM -
the loan amount or $[redacted] [redacted]or [redacted] of the loan amount. Rate/Term
Guidelines met.
[redacted] [redacted] [redacted] [redacted] 627400200 35241500 Credit Property - General Property - Subject is a refinance and property is - Lender approved exception for property listing for sale Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Approved 1/XX/2026 2 C B NY Second Refinance Non QM Non QM No
Appraisal Appraisal Appraisal listed for sale. within the past [redacted] months. more than [redacted] years. XXX exception for subject listing provided from 7:55:55 PM Home -
Requirements Borrower has verified disposable income of at least XXX origination. Rate/Term
$[redacted] XXX
Borrower has worked in the same position for more than Seller Comment (2026-01-21): [redacted]
[redacted] years. management approval for listing within past
The qualifying DTI on the loan is at least [redacted]% [redacted]
less than the guideline maximum.
Seller Comment (2026-01-21): please see
[redacted] management approval for property
listing within past 6 months
[redacted] [redacted] [redacted] [redacted] 627400200 35243046 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail due to unable to cleared. 7:59:18 PM Home - provide updated
match Due Diligence Loan Designation of ATR Fail. verify Sole Proprietorship income using reasonably Rate/Term ATR/QM status
reliable third-party records. Seller Comment (2026-01-21): CPA letter
uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400200 35243047 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Sole Proprietorship income using Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably reasonably reliable third-party records. cleared. 7:59:18 PM Home -
reliable third-party records. Rate/Term
Seller Comment (2026-01-21): CPA letter
uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400200 35243048 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied due Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 A A NY Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. to unable to verify Sole Proprietorship income using cleared. 7:59:18 PM Home -
reasonably reliable third-party records. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400200 35243049 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on [redacted] contains a Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Refinance No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a change in APR and a complete Closing Disclosure was not 8:22:22 AM Home -
change in APR and a complete Closing Disclosure was received by borrower at least [Redacted] ([redacted]) Rate/Term
not received by borrower at least business days prior to consummation.
[redacted]([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400200 35243050 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] increase of Recording Fees. No valid COC provided, nor 10:06:37 AM Home - Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% evidence of cure in file. Rate/Term the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400200 35243051 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Loan Discount Point Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Home - Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Closing Disclosure. File does not contain a valid COC Rate/Term the Following:
$[redacted] $[redacted] over legal limit. for this fee, nor evidence of cure in file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400200 35243052 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent CEMA Fee was not disclosed on Loan Estimate. File does Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Administration Fee. Fee not contain a valid COC for this fee, nor evidence of 8:45:40 AM Home - Refund Provide
Amount of $[redacted] exceeds tolerance of cure. Rate/Term the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400200 35243053 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Appraisal Reinspection Fee was not disclosed on Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Appraisal Re-Inspection Estimate. File does not contain a valid COC for this 8:45:40 AM Home - Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance fee, nor evidence of cure. Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400200 35246338 Credit Income / Income Income / Income documentation requirements not met. Income documentation requirements not met due to unable Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Employment Documentation Employment to verify Sole Proprietorship income using reasonably cleared. 7:58:10 PM Home -
reliable third-party records. Rate/Term
Seller Comment (2026-01-21): CPA letter
provided
[redacted] [redacted] [redacted] [redacted] 627400200 35246365 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are There is guideline deficiencies related to income doc Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or requirements which could result in a risk to the cleared. 7:59:18 PM Home -
asset doc requirements which could result in a risk borrower's ability to repay due to unable to verify Sole Rate/Term
to the borrower's ability to repay. (Exception is Proprietorship income using reasonably reliable third- Seller Comment (2026-01-21): CPA letter
eligible to be regraded with compensating factors.) party records. uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400200 35246420 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted]or more guideline components, the loan is at ATR risk due to unable to cleared. 8:00:49 PM Home -
components, the loan is at ATR risk. verify Sole Proprietorship income using reasonably Rate/Term
reliable [redacted]-party records. Seller Comment (2026-01-21): CPA letter
uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400201 35230886 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400201 35230947 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Waterfall due to missing income documents Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not [redacted] guidelines. 4:04:57 PM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]). Seller Comment (2026-02-09): CPA letter
attached
[redacted] [redacted] [redacted] [redacted] 627400201 35230948 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 8:24:23 AM Home
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted]([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400201 35230957 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non-QM does not match Due Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail [redacted] guidelines. 4:02:47 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-09): CPA letter
attached
Reviewer Comment (2026-01-21): WVOE is
over[redacted] old at closing, violation of
[redacted]
Seller Comment (2026-01-21): non qm for use of
foreign income
[redacted] [redacted] [redacted] [redacted] 627400201 35230958 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/W-[redacted] employment Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status status using reasonably reliable third-party records [redacted] guidelines. 4:02:47 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): CPA Letter
attached
Reviewer Comment (2026-01-21): WVOE is
over[redacted] old at closing, violation of
[redacted]
Seller Comment (2026-01-21): foreign income
[redacted] [redacted] [redacted] [redacted] 627400201 35230959 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, WVOE provided was dated Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated more than [redacted] days prior to closing [redacted] guidelines. 4:02:47 PM Home
more than [redacted] days prior to closing.
Seller Comment (2026-02-09): CPA Letter
attached
Reviewer Comment (2026-01-21): WVOE is
over[redacted] old at closing, violation of
[redacted]
Seller Comment (2026-01-21): foreign income
used
[redacted] [redacted] [redacted] [redacted] 627400201 35230960 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to missing income documents. Reviewer Comment (2026-02-09): Okay per 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines. 4:02:47 PM Home
[redacted] [redacted] [redacted] [redacted] 627400201 35230961 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable ted Disclosure - Adjustable-Interest Rate Table: Final Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Index Interest Rate Table: Final Closing Disclosure Closing Disclosure provided on [redacted] did not 7:32:59 AM Home Explanation &
provided on [redacted] did not disclose an accurate disclose an accurate Index as reflected on the Note Corrected
Index as reflected on the Note. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400201 35230962 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted]Percent Final Lender Credit of $[redacted] exceeds tolerance of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final $[redacted] Insufficient or no cure was provided to the 8:30:31 AM Home Refund Provide
Lender Credit of $[redacted] exceeds tolerance of borrower the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400201 35230964 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Loan Discount Points. Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of tolerance of $[redacted] $[redacted] over legal limit. the Following:
$[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400201 35230969 Credit Income / Income Income / Verification(s) of employment is not within - VVOE not within [redacted] days from note. Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:14:59 PM Home
Seller Comment (2026-01-21): [redacted]
Foreign borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400202 35242287 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a A post-disaster inspection verifying there was no damage cleared. 2:37:53 PM Home
FEMA disaster. to the subject property is required.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400202 35242362 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Recording Fee increased from $[redacted] to $[redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] without a valid change of circumstance nor evidence of 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% cure. Provide a post-close Closing Disclosure disclosing the Following:
or $[redacted] $[redacted] over legal limit. the tolerance violation of $[redacted] a copy of the Letter of
Insufficient or no cure was provided to the refund check, proof of delivery, and a copy of the LOE Explanation,
borrower. to the borrower disclosing the changes made. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400202 35242382 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Document Preparation Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Document Preparation $[redacted] on the Loan Estimate but was disclosed as 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance $[redacted] on the Final Closing Disclosure. No valid the Following:
of $[redacted] $[redacted] over legal limit. COC was provided for this change, nor evidence of cure. Letter of
Insufficient or no cure was provided to the Provide a post-close Closing Disclosure disclosing the Explanation,
borrower. tolerance violation of $[redacted] a copy of the refund Proof of
check, proof of delivery, and a copy of the LOE to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400202 35242621 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the note date. business days 2:42:11 PM Home
[redacted] [redacted] [redacted] [redacted] 627400202 35247849 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared guidelines 5:23:15 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] which - Provide the
on page [redacted] that does not match the actual exceeds the $[redacted] threshold. following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400202 35249092 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan The disclosed Total of Payments in the amount of Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared guidelines 5:23:15 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of to the calculated total of payments of $[redacted] which - Provide the
Payments on page [redacted] that does not match the exceeds the $[redacted] threshold. following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400202 35256114 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of the note date. Currency converter guidelines 5:22:16 PM Home
missing in file.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400202 35256273 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment within [redacted] calendar guidelines 5:24:59 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. days of note date. Currency converter missing in file. ATR/QM Loan
Seller Comment (2026-01-28): Foreign borrowers Designation
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400202 35256274 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. Currency guidelines 5:23:15 PM Home
asset doc requirements which could result in a risk converter missing in file.
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-28): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400202 35256278 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, within [redacted] calendar days of note date. Currency guidelines 5:24:59 PM Home
the loan is at ATR risk. converter missing in file.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400202 35480117 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-28): Okay per 1/XX/2026 1 A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines 5:24:06 PM Home
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400203 35223656 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a A post-disaster inspection verifying there was no damage cleared. 2:42:36 PM - Cash-out
FEMA disaster. to the subject property is required. - Other
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400203 35223728 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Due to DTI increased minimum threshold of guideline Reviewer Comment (2026-01-20): Approved 1/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not requirement. exception for DTI in file from origination, 4:48:57 PM - Cash-out provide updated
match Due Diligence Loan Designation of ATR Risk. comp factors provided. - Other ATR/QM Loan
Designation
Seller Comment (2026-01-16): ATR/QM
designation is...General ATR (Not QM).
[redacted] [redacted] [redacted] [redacted] 627400203 35223729 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Due to DTI increased minimum threshold of guideline Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-20): Approved 1/XX/2026 2 B B CA Primary Refinance Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders requirement. $[redacted] exception for DTI in file from origination, 4:50:03 PM - Cash-out
Guidelines Guidelines and [redacted](c)([redacted]) of comp factors provided. - Other
[redacted]% moderately exceeds the guideline
maximum of [redacted]%. (DTI Exception is eligible Reviewer Comment (2025-12-17): Client elects
to be regraded with compensating factors.) to downgrade and waive with comp. factor
[redacted] [redacted] [redacted] [redacted] 627400203 35223730 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Loan Discount Points Fees. 8:45:40 AM - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds - Other the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400203 35223731 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Tax Service Fee (Life Of Tax Service Fee (Life Of Loan) Fees. 8:45:40 AM - Cash-out Refund Provide
Loan). Fee Amount of $[redacted] exceeds tolerance - Other the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400203 35223758 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Due to DTI increased minimum threshold of guideline Borrower has been employed in the same industry for Guidelines XXX Reviewer Comment (2026-01-20): Approved 1/XX/2026 2 C B CA Primary Refinance Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. requirement. more than [redacted] years. Representative XXX exception for DTI in file from origination, 4:33:09 PM - Cash-out
Guidelines Borrower has verified disposable income of at least FICO: XXX comp factors provided. - Other
Discrepancy $[redacted] [redacted] XXX
Borrower has worked in the same position for more than Representative Aggregator,XXX Seller Comment (2026-01-16): Authorized
[redacted] years. FICO: Approval for DTI over[redacted] uploaded to
Borrower's monthly reserves have been verified and [redacted] file.
exceed the amount required based on the guidelines by
at least [redacted] months.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400203 35223783 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Due to DTI increased minimum threshold of guideline Reviewer Comment (2026-01-20): Approved 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, requirement. exception for DTI in file from origination, 4:48:15 PM - Cash-out
the loan is at ATR risk. comp factors provided. - Other
Seller Comment (2026-01-16): See Loan
Exception ID#[redacted]
[redacted] [redacted] [redacted] [redacted] 627400204 35221375 Credit Income / Income Income / Income documentation requirements not met. Unable to verify income due to missing verification of Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment employment, paystubs and W-[redacted]. guidelines. 3:23:52 PM -
Rate/Term
Seller Comment (2026-01-26): tax returns &
fnwvoe used, since foreign income
[redacted] [redacted] [redacted] [redacted] 627400204 35221376 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 3:24:11 PM -
Rate/Term
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400204 35221411 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment guidelines. 3:24:03 PM -
Rate/Term
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400204 35221413 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
documented in file. review loan was never locked, cleared. 12:16:02 PM -
Rate/Term
Seller Comment (2026-01-30): Agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400205 35234338 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400205 35234341 Credit Disclosure Missing Disclosure E-sign Consent Agreement is missing. - Reviewer Comment (2026-02-09): Evidence of 2/XX/2026 1 C A NJ Primary Refinance Non QM Non QM No
Document electronic delivery consent has been provided. 12:51:34 PM -
Rate/Term
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): esign attached
[redacted] [redacted] [redacted] [redacted] 627400205 35234438 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Verification of earlier borrower receipt of the initial Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least Closing Disclosure is missing from the file. 8:08:10 AM -
[Redacted] ([redacted]) business days prior to Rate/Term
closing.
[redacted] [redacted] [redacted] [redacted] 627400205 35234439 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM - Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. ( Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400205 35257325 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to VOE within [redacted] business days of Reviewer Comment (2026-02-09): VVOE has been 2/XX/2026 1 C A NJ Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not the note for co-borrower was not provided. provided. 1:08:09 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Seller Comment (2026-02-09): already attached Designation
[redacted] [redacted] [redacted] [redacted] 627400205 35257326 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to VOE within [redacted] business days of Reviewer Comment (2026-02-09): VVOE has been 2/XX/2026 1 C A NJ Primary Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or the note for co-borrower was not provided. provided. 1:07:18 PM -
asset doc requirements which could result in a risk Rate/Term
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-09): doc upload
eligible to be regraded with compensating factors.)
Seller Comment (2026-02-09): [redacted] VOE
Screen attached
[redacted] [redacted] [redacted] [redacted] 627400205 35257329 Credit Income / Income Income / Income documentation requirements not met. Waterfall due to VOE within [redacted] business days of Reviewer Comment (2026-02-09): VVOE has been 2/XX/2026 1 C A NJ Primary Refinance Non QM Non QM No
Employment Documentation Employment the note for co-borrower was not provided. provided. 1:07:31 PM -
Rate/Term
Seller Comment (2026-02-09): already attached
[redacted] [redacted] [redacted] [redacted] 627400205 35257334 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to VOE within [redacted] business days of Reviewer Comment (2026-02-09): VVOE has been 2/XX/2026 1 C A NJ Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, the note for co-borrower was not provided. provided. 1:08:09 PM -
the loan is at ATR risk. Rate/Term
Seller Comment (2026-02-09): already attached
[redacted] [redacted] [redacted] [redacted] 627400206 35251180 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Please provide valid COC or cure document for fee amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B MA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400208 35247089 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___; declared end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400208 35247169 Credit Missing General Missing Missing Document: Currency Reviewer Comment (2026-01-12): Currency 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Document Document Converter/Exchange (Asset) not provided Converter/Exchange (Asset) provided, cleared. 3:07:23 PM
Seller Comment (2026-01-12): attached
[redacted] [redacted] [redacted] [redacted] 627400208 35247171 Credit Missing General Missing Missing Document: Currency Reviewer Comment (2026-01-12): Currency 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Document Document Converter/Exchange (Asset) not provided Converter/Exchange (Asset) provided, cleared. 3:07:45 PM
Seller Comment (2026-01-12): attached
[redacted] [redacted] [redacted] [redacted] 627400208 35247173 Credit Missing General Missing Missing Document: Currency Reviewer Comment (2026-01-12): Currency 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Document Document Converter/Exchange (Asset) not provided Converter/Exchange (Asset) provided, cleared. 3:07:51 PM
Seller Comment (2026-01-12): attached
[redacted] [redacted] [redacted] [redacted] 627400208 35247381 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Amount of Estimated Property Costs over Year [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [Redacted] Disclosures: Amount of Estimated Property Costs of on Final Closing Disclosure provided on [redacted] 7:58:07 AM Explanation &
[redacted] over Year [redacted] of on Final Closing are under disclosed Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400208 35247382 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:01:57 AM Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400208 35247383 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:03:43 AM Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400208 35247384 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Loan Estimate provided on [redacted] not received by Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CT Primary Purchase No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by borrower at least [redacted]business days prior to 8:43:19 AM
borrower at least [redacted]([redacted]) business closing.
days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400209 35254180 Credit Income / Income Missing REO Documents are missing. - [redacted] [redacted],[redacted] property lease Reviewer Comment (2026-01-22): Provided, 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Employment Documentation Document agreement is missing. cleared 2:57:51 PM - Cash-out
- Other
Seller Comment (2026-01-21): see leases
[redacted]and [redacted]- loe regarding
amounts
Seller Comment (2026-01-21): see leases, loe,
deposits [redacted]
[redacted] [redacted] [redacted] [redacted] 627400209 35254462 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure disclosed a finance charge of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] Calculating at $[redacted] with a variance 7:34:35 AM - Cash-out Disclosure Cure
[redacted] disclosed an Amount Financed disclosed of $[redacted] - Other - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400209 35254463 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure disclosed a finance charge of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] Calculating at $[redacted] with a variance 7:38:46 AM - Cash-out Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge of $[redacted] - Other - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400209 35254464 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered to Borrower(s) within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [Redacted] [redacted] ([redacted]) business days of application. 8:12:23 AM - Cash-out
([redacted]) business days of application. Initial Initial Loan Estimate dated [redacted]. - Other
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400209 35254465 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Regular APR Change Closing Disclosure issued on [redacted] contains a contains a change in APR and a complete Closing 8:29:18 AM - Cash-out
change in APR and a complete Closing Disclosure was Disclosure was not received by borrower at least - Other
not received by borrower at least [redacted]([redacted]) business days prior to
[redacted]([redacted]) business days prior to consummation.
consummation.
[redacted] [redacted] [redacted] [redacted] 627400209 35254466 Compliance Compliance Federal TRID Defect TRID Post Close Closing Disclosure Timing TILA-RESPA Integrated Disclosure - [Redacted]-Day [Redacted]-Day Waiting Period Timing Violation. Reviewer Comment (2026-01-17): Updated fee 1/XX/2026 1 B A NY Primary Refinance Non QM Non QM No
Compliance Regular Transactions Waiting Period Timing Violation. Post Closing name, cleared. 7:04:14 AM - Cash-out
Disclosure reflects a change in APR, loan product, - Other
or addition of prepayment penalty which would have
triggered an additional [redacted]-day waiting
period had it been correctly disclosed on the Final
Closing Disclosure.
[redacted] [redacted] [redacted] [redacted] 627400209 35254467 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid change of circumstance was not provided. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of 10:06:37 AM - Cash-out Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus - Other the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400209 35254468 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid change of circumstance was not provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Modification 8:45:40 AM - Cash-out Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance - Other the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400209 35254469 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid change of circumstance was not provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Reinspection 8:45:40 AM - Cash-out Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance - Other the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400210 35240547 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent FEMA disaster exception: The subject property is located Reviewer Comment (2026-02-06): Cleared with 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a in a FEMA Disaster area. A post-disaster inspection BPO 2:34:19 PM Home
FEMA disaster. verifying there was no damage to the subject property is
required. Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400210 35240850 Credit Income / Income Income / Verification(s) of employment is not within - Exception [redacted] is firing due to VVOE not being Reviewer Comment (2026-01-20): OK for FN with 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. within [redacted] business days of the note. income outside of US 4:11:12 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400211 35242081 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a FEMA disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted]from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos, and the date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared Disaster End Date.
[redacted] [redacted] [redacted] [redacted] 627400211 35242098 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial Initial Loan Application not provided. Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Documentation Processing Incorrect, or [redacted] 8:48:17 AM
Incomplete
Final or
Initial 1003
[redacted] [redacted] [redacted] [redacted] 627400211 35242142 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [Redacted] ([redacted]) business days prior to closing. 8:08:10 AM
[Redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400211 35242143 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not provided within loan images to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance application date on or after 10/XX/2015, no provided within loan images to evidence delivery to evidence delivery to the Borrower. 8:40:38 AM
Loan Estimates in the Loan File the Borrower(s). The earliest Closing Disclosure
provided in the loan file was used as the estimated
baseline for Tolerance Testing. Depending on the
actual values on the initial Loan Estimate, a fee
tolerance cure of up to $[redacted] may be
required.
[redacted] [redacted] [redacted] [redacted] 627400211 35242145 Compliance Compliance Federal TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program ARM loan program disclosure not provided to the borrower Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower within within [Redacted] ([redacted]) days of application. 7:21:56 AM
[redacted]([redacted]) days of application.
[redacted] [redacted] [redacted] [redacted] 627400211 35247703 Compliance Compliance Federal TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Consumer Handbook on Adjustable-Rate Mortgages, CHARM Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance Adjustable Rate Mortgages, CHARM Booklet, not Booklet, not provided to the borrower within 7:23:10 AM
provided to the borrower within [redacted]([redacted]) days of application.
[redacted]([redacted]) days of application.
[redacted] [redacted] [redacted] [redacted] 627400212 35240428 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. Disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted]. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400214 35238029 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - Disclosures: Amount of Estimated Property Costs 7:58:07 AM Home Explanation &
[redacted][redacted] over Year [redacted] of on Final Closing Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400214 35238091 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Page [redacted] and [redacted] of final Closing Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on Disclosure provided [redacted] shows a monthly escrow 8:01:57 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan payment however on page In escrow boxes are marked no. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400214 35238092 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Page [redacted] and [redacted] of final Closing Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on Disclosure provided [redacted] shows a monthly escrow 8:03:43 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan payment however on page In escrow boxes are marked no. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400214 35238093 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Recording fee increased on closing disclosure provided Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of on [redacted] then decreased on post closing disclosure 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus issued [redacted] with no valid change evident. the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400214 35238216 Credit Income / Income Income / Verification(s) of employment is not within - VVOE document is not provided Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides, cleared. 3:16:22 PM Home
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400214 35238925 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing income documents. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or guides, cleared. 3:19:53 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-02): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400214 35239897 Credit Asset Asset Asset Asset documentation requirements not met. Reserve requirement not met. Reviewer Comment (2026-02-03): Asset provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation cleared. 3:17:58 PM Home
Seller Comment (2026-02-02): Reserves met,
[redacted] [redacted] already uploaded
[redacted] [redacted] [redacted] [redacted] 627400214 35239898 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reserves verified is [redacted] months PITIA and Reviewer Comment (2026-02-03): Bank statement 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Discrepancy / discrepancy. Guidelines require [redacted] months PITIA. provided, cleared. 3:16:40 PM Home
Guidelines
Discrepancy Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Reserves are
sufficient you are missing [redacted] HK
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400214 35239900 Credit Income / Income Income / Income documentation requirements not met. VVOE within [redacted] days of closing not provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment guides, cleared 3:16:55 PM Home
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400214 35239942 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing income and asset documentation. Reviewer Comment (2026-02-03): Meets guides, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, cleared. 3:22:50 PM Home
the loan is at ATR risk.
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400214 35257703 Compliance Compliance Federal ATR/QM Defect QM Employment History Qualified Mortgage (Dodd-Frank [redacted]): Missing VVOE for current employment within [redacted] Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Employment history requirement not met. days of Note guides, cleared. 3:38:38 PM Home
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400214 35257704 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Waterfall due missing income and assets documentation Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does guides, cleared. 3:38:38 PM Home provide updated
not match Due Diligence Loan Designation of ATR ATR/QM status
Risk. Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400217 35244346 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Refinance Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home - Cash-out QM
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400217 35246880 Compliance Compliance Federal ATR/QM Defect S-Corp Income Documentation Test Qualified Mortgage (Dodd-Frank [redacted]): Self- Most recent signed [redacted] document missing in file. Reviewer Comment (2026-01-27): After further 1/XX/2026 1 C A NY Second Refinance Safe Harbor Non QM No
Compliance employed income documentation not sufficient (S- review, exception cleared. 3:49:40 PM Home - Cash-out QM
Corp). - Other
[redacted] [redacted] [redacted] [redacted] 627400217 35246881 Compliance Compliance Federal ATR/QM Defect Self Employed Financial Strength Qualified Mortgage (Dodd-Frank [redacted]): Partnership income decreasing, lender used YTD Reviewer Comment (2026-02-23): Client retested 2/XX/2026 1 C A NY Second Refinance Safe Harbor Non QM No
Compliance Financial strength of self-employed business qualifying income. to NON QM 9:15:36 AM Home - Cash-out QM
reflects annual earnings that significantly decline - Other
over the analysis period. Seller Comment (2026-02-13): assign to buyer
Reviewer Comment (2026-02-10): [redacted]
Compliance Dept. response: The requirements
under Appendix Q for analyzing the self-
employed financial strength of a business
permit earnings that are increasing or stable
but do not accept income that show a
"significant decline" over the analysis
period. While it is acknowledged the term
"significant decline" is not defined with
Appendix [redacted], [redacted] has used a
[redacted]% decline as the benchmark in our QM
Appendix Q testing since the inception of the
rule back in [redacted]. While the [redacted]%
benchmark may appear subjective (as would any
number given it's not defined), the HUD
Handbook previously reflected "significant
decline," but after Appendix [redacted]rolled
out in [redacted], HUD subsequently updated to
reference a "[redacted]% decline" in place of
"significant decline". [redacted]also
implemented this [redacted]% threshold as the
default approach in order to have a
reasonable, established threshold to meet the
"significant decline" requirement under
Appendix [redacted]. Exception is considered
uncurable.
Seller Comment (2026-02-09): doc upload
Seller Comment (2026-02-09): Borrower provided
a letter explaining income and
[redacted]income was used since it was lower
than projected [redacted]income.
Reviewer Comment (2026-02-03): EXCEPTION
HISTORY - Exception Detail was updated
on[redacted] PRIOR Exception Detail: Qualified
Mortgage (Dodd-Frank 2014): Financial strength
of self-employed business reflects annual
earnings that significantly decline over the
analysis period. [redacted]
[redacted] [redacted] [redacted] [redacted] 627400217 35246882 Compliance Compliance Federal Missing Missing Initial Loan Application Testing No evidence of application date located in file. Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Second Refinance Safe Harbor Non QM No
Compliance Application Compliance tests were run using an application date 8:51:15 AM Home - Cash-out QM
Date of [redacted] which is [redacted] months prior to - Other
consummation. A lookback was performed to
determine this application date using the following
dates: [redacted], [redacted], [redacted],
[redacted], [redacted], [redacted], [redacted].
Lookback testing performed up to one of the
following: TRID start date, TIL/XX/MDIA [redacted]
start date, LOS Application Date, Broker
Application Date, or [redacted]months prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400217 35246883 Compliance Compliance Federal TILA NMLS - Missing Evidence of Initial Loan Truth in Lending Act (NMLSR Dodd- Frank Missing Evidence of Initial Loan Application Date Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Second Refinance Safe Harbor Non QM No
Compliance Application Date [redacted]): Unable to determine compliance with 8:51:23 AM Home - Cash-out QM
NMLSR timing requirements due to missing evidence - Other
of initial loan application date.
[redacted] [redacted] [redacted] [redacted] 627400217 35246884 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): DTI exceeds [redacted]% on QM loan Reviewer Comment (2026-02-23): Client retested 2/XX/2026 1 C A NY Second Refinance Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does to NON QM 9:15:36 AM Home - Cash-out provide updated QM
not match Due Diligence Loan Designation of Non QM. - Other ATR/QM status
Seller Comment (2026-02-13): assign to buyer
Reviewer Comment (2026-02-09): DTI exceeds
[redacted]% on QM loan
Seller Comment (2026-02-09): Borrower provided
a letter explaining income and
[redacted]income was used since it was lower
than projected [redacted]income.
[redacted] [redacted] [redacted] [redacted] 627400217 35246885 Compliance Compliance Federal ATR/QM Defect QM DTI Qualified Mortgage (Dodd-Frank [redacted]): Total DTI exceeds [redacted]% on QM loan Reviewer Comment (2026-02-23): Client retested 2/XX/2026 1 C A NY Second Refinance Safe Harbor Non QM No
Compliance Debt to Income Ratio exceeds [redacted]% and the to NON QM 9:15:36 AM Home - Cash-out QM
images do not provide evidence loan is eligible for - Other
purchase, guarantee or insurance by the appropriate Seller Comment (2026-02-13): assign to buyer
agency.
Reviewer Comment (2026-02-09): DTI exceeds
[redacted]% on QM loan
Seller Comment (2026-02-09): Guidelines for
DTI max is [redacted]% which borrower did not
exceed
[redacted] [redacted] [redacted] [redacted] 627400217 35246886 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B NY Second Refinance No Defined Cure Safe Harbor Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [Redacted] ([redacted]) business days prior to closing. 9:14:04 AM Home - Cash-out QM
[Redacted] ([redacted]) business days prior to - Other
closing.
[redacted] [redacted] [redacted] [redacted] 627400217 35246887 Compliance Compliance Federal TRID Defect TILA-RESPA Integrated Disclosure: TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not provided Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B NY Second Refinance No Defined Cure Safe Harbor Non QM No
Compliance application date on or after 10/XX/2015, no provided within loan images to evidence delivery to 9:14:10 AM Home - Cash-out QM
Loan Estimates in the Loan File the Borrower(s). The earliest Closing Disclosure - Other
provided in the loan file was used as the estimated
baseline for Tolerance Testing. Depending on the
actual values on the initial Loan Estimate, a fee
tolerance cure of up to $[redacted] may be
required.
[redacted] [redacted] [redacted] [redacted] 627400217 35246927 Credit Disclosure Missing Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing. Reviewer Comment (2026-01-22): E-Sign Consent 1/XX/2026 1 C A NY Second Refinance Safe Harbor Non QM No
Document Agreement provided, 3:01:01 PM Home - Cash-out QM
- Other
Seller Comment (2026-01-21): see attached
[redacted] [redacted] [redacted] [redacted] 627400217 35866706 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client retested to NON QM Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B NY Second Refinance Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 9:35:59 AM Home - Cash-out QM
However, the updated Loan Designation of Non QM - Other
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400218 35231963 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400218 35232027 Credit Income / Income Income / The verification of employment is required - Borrower wages income verification of document not Reviewer Comment (2026-01-22): VOE provided, 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. provided to verify start date of employment. cleared. 3:08:39 PM -
Rate/Term
Seller Comment (2026-01-21): VVOE uploaded
Please see last line to verify VVOE completed
on[redacted]
[redacted] [redacted] [redacted] [redacted] 627400218 35232028 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): VOE provided, 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. cleared. 3:08:44 PM -
Rate/Term
Seller Comment (2026-01-21): VVOE uploaded
Please see last line to verify VVOE completed
on[redacted]
[redacted] [redacted] [redacted] [redacted] 627400220 35250622 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a FEMA disaster area. Provide a post Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; disaster inspection verifying there was no damager. The Greater than [redacted]from third party review 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; inspection must include exterior photos, and the date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___; declared Disaster End Date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400220 35250685 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure was not received by borrower at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B TX Second Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a [Redacted] ([redacted]) business days prior to 8:22:22 AM Home
change in APR and a complete Closing Disclosure was consummation
not received by borrower at least [Redacted]
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400220 35250686 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Electronic Document Delivery Fee Amount of $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Electronic exceeds tolerance of $[redacted] $[redacted] over legal 8:45:40 AM Home Refund Provide
Document Delivery Fee. Fee Amount of $[redacted] limit. Insufficient or no cure was provided to the the Following:
exceeds tolerance of $[redacted] $[redacted] over borrower. Letter of
legal limit. Insufficient or no cure was provided Explanation,
to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400220 35255230 Credit Income / Income Income / Verification(s) of employment is not within - Income not within [redacted] calendar days of note Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 9:18:00 AM Home
[redacted] [redacted] [redacted] [redacted] 627400220 35255626 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): VVOE no within [redacted] calendar days of note. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A TX Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not guidelines 5:35:49 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-16): General ATR (Not Designation
QM){ellipsis}Foreign National working outside
of the US.
[redacted] [redacted] [redacted] [redacted] 627400220 35255627 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are VVOE no within [redacted] calendar days of note. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or guidelines 5:35:08 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-16): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400220 35255702 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on VVOE not withing [redacted] calendar days. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, guidelines 5:35:49 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400220 35255729 Credit Income / Income Income / Income documentation requirements not met. VVOE no within [redacted] calendar days of note. Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment guidelines 5:33:57 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400220 35486867 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines 5:33:53 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400222 35238139 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Refinance Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM - QM
FEMA disaster. Disaster Declaration Date: ___; date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400222 35238341 Compliance Compliance Federal ATR/QM Defect Rental Income Documentation - Schedule E Qualified Mortgage (Dodd-Frank [redacted]): Rental Missing lease agreement for retained investment Reviewer Comment (2026-02-10): Schedule E 2/XX/2026 1 C A CA Primary Refinance Safe Harbor Non QM No
Compliance Method Test income documentation requirement not met for property. provided, cleared. 12:01:53 PM - QM
[redacted] [redacted]. Lease Agreement and/or Tax Rate/Term
Return not provided. Reviewer Comment (2026-02-10): We need the
missing lease agreement, exception remains
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Tax Returns
attached
[redacted] [redacted] [redacted] [redacted] 627400222 35238343 Compliance Compliance Federal ATR/QM Defect QM Employment History - Current and/or Qualified Mortgage (Dodd-Frank [redacted]): Missing Verification of employment for co-borrower's prior Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B CA Primary Refinance Safe Harbor Non QM No
Compliance Previous Employment Documentation lacks Date Employment Dates to verify [redacted]years employment does not disclose the employment end date. 8:51:30 AM - QM
Info employment history for current and/or prior Rate/Term
employment.
[redacted] [redacted] [redacted] [redacted] 627400222 35238344 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Waterfall finding due to DTI exceeding [redacted]% on a Reviewer Comment (2026-02-23): Client rested 2/XX/2026 1 C A CA Primary Refinance Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does QM loan, resulting in a loan designation discrepancy. to Non QM 9:37:33 AM - provide updated QM
not match Due Diligence Loan Designation of Non QM. Rate/Term ATR/QM status
Seller Comment (2026-02-13): assign to buyer
Reviewer Comment (2026-02-10): Per Appendix Q
max allowed DTI is [redacted] not [redacted],
the lender used lower taxes of[redacted] per
month per [redacted]than actual on tax certs
total tax of [redacted], exception remains.
Seller Comment (2026-02-10): Product
guidelines DTI max is [redacted]%, borrower
did not exceed DTI
[redacted] [redacted] [redacted] [redacted] 627400222 35238346 Compliance Compliance Federal ATR/QM Defect QM DTI Qualified Mortgage (Dodd-Frank [redacted]): Total Waterfall finding due to DTI exceeding [redacted]% on a Reviewer Comment (2026-02-23): Client rested 2/XX/2026 1 C A CA Primary Refinance Safe Harbor Non QM No
Compliance Debt to Income Ratio exceeds [redacted]% and the QM loan. to Non QM 9:37:33 AM - QM
images do not provide evidence loan is eligible for Rate/Term
purchase, guarantee or insurance by the appropriate Seller Comment (2026-02-13): assign to buyer
agency.
Reviewer Comment (2026-02-10): Per Appendix Q
max allowed DTI is [redacted] not [redacted],
the lender used lower taxes of [redacted] per
month per [redacted]than actual on tax certs
total tax of [redacted], exception remains.
Seller Comment (2026-02-10): Product
guidelines DTI max is [redacted]%, borrower
did not exceed DTI
[redacted] [redacted] [redacted] [redacted] 627400222 35866869 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client rested to Non QM Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B CA Primary Refinance Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 9:37:46 AM - QM
However, the updated Loan Designation of Non QM Rate/Term
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400226 35255036 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400226 35255089 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds - Other the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400226 35255091 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Reinspection 8:45:40 AM - Cash-out Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance - Other the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400226 35255092 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No cure was provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. 8:45:40 AM - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of - Other the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400227 35234921 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted]from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400228 35232312 Credit Credit General Credit Initial Rate Lock rate date is not Missing Rate Lock not provided Reviewer Comment (2026-01-22): Rate lock 1/XX/2026 1 C A WA Investment Refinance N/A N/A No
documented in file. provided, cleared 3:25:00 PM -
Rate/Term
Seller Comment (2026-01-21): lock in
Seller Comment (2026-01-21): rate lock
attached
[redacted] [redacted] [redacted] [redacted] 627400229 35238017 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Lender exception was provided for a [redacted]% LTV Borrower's monthly reserves have been verified and Exception set XXX,Originator Reviewer Comment (2026-01-29): Client elects 1/XX/2026 2 C B CA Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exception. exceed the amount required based on the guidelines by from Orginator: XXX to waive and downgrade 12:01:05 PM
Eligibility Eligibility Eligibility at least [redacted] months. See document XXX lender approved exception provided
Borrower has been employed in the same industry for D[redacted]: XXX
more than [redacted] years. Approved with XXX Seller Comment (2026-01-27): ltv exception
Borrower has verified disposable income of at least judgmental LTV. XXX approved
$[redacted] Compensating
Borrower has worked in the same position for more than factor includes
[redacted] years. $[redacted]
Borrowers made a down payment from their own funds on asset surplus
this purchase transaction of at least [redacted]% and after
$[redacted] [redacted]
The representative FICO score exceeds the guideline month reserves
minimum by at least [redacted] points. met.
[redacted] [redacted] [redacted] [redacted] 627400229 35238020 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Lender exception was provided for a [redacted]% LTV Borrower's monthly reserves have been verified and Exception set XXX,Originator Reviewer Comment (2026-01-29): Client elects 1/XX/2026 2 C B CA Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage exception. exceed the amount required based on the guidelines by from Orginator: XXX to waive and downgrade 12:01:14 PM
Guidelines of ___. at least [redacted] months. See document XXX lender approved exception provided
Discrepancy Borrower has been employed in the same industry for D[redacted]: XXX
more than [redacted] years. Approved with XXX Seller Comment (2026-01-27): exception
Borrower has verified disposable income of at least judgmental LTV. XXX approval
$[redacted] Compensating
Borrower has worked in the same position for more than factor includes Seller Comment (2026-01-27): exception screen
[redacted] years. $[redacted]
Borrowers made a down payment from their own funds on asset surplus Seller Comment (2026-01-27): ltv exception
this purchase transaction of at least [redacted]% and after approved
$[redacted] [redacted]
The representative FICO score exceeds the guideline month reserves
minimum by at least [redacted] points. met.
[redacted] [redacted] [redacted] [redacted] 627400230 35242052 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The property is located in a FEMA disaster area. Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Provide a post-disaster inspection verifying there was cleared. 3:17:41 PM -
FEMA disaster. no damage. The inspection must include exterior photos Rate/Term
and the property must be re-inspected on or after Buyer Comment (2026-02-06): BPO Porivded
[redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400230 35242065 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The property is located in a FEMA disaster area. Buyer Comment (2026-02-06): BPO Porivded 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Provide a post-disaster inspection verifying there was 1:18:34 PM -
FEMA disaster. no damage. The inspection must include exterior photos Reviewer Comment (2026-01-08): Disaster Rate/Term
and the property must be re-inspected on or after Greater than [redacted] from third party
[redacted] declared end date. review date
[redacted] [redacted] [redacted] [redacted] 627400230 35242115 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Additional assets are required to cover reserves Reviewer Comment (2026-01-26): Confirmed 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Discrepancy / discrepancy. requirement of [redacted] months PITIA. Available for [redacted] months reserves required 3:00:28 PM -
Guidelines reserves is [redacted] months PITIA. $[redacted] per approval and guides provided, Rate/Term
Discrepancy cleared.
Seller Comment (2026-01-26): Per attached
[redacted] guidelines, only [redacted]months
reserves was required when this loan closed.
[redacted] [redacted] [redacted] [redacted] 627400230 35242137 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to Additional assets are required to cover Reviewer Comment (2026-01-26): Confirmed 1/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not reserves requirement of [redacted] months PITIA. [redacted] months reserves required 3:02:13 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. Available for reserves is [redacted] months PITIA. $[redacted] per approval and guides provided, Rate/Term ATR/QM Loan
cleared. Designation
Seller Comment (2026-01-26): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400230 35242138 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to Additional assets are required to cover Reviewer Comment (2026-01-26): Confirmed 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, reserves requirement of [redacted] months PITIA. [redacted] months reserves required 3:02:13 PM -
the loan is at ATR risk. Available for reserves is [redacted] months PITIA. $[redacted] per approval and guides provided, Rate/Term
cleared.
Seller Comment (2026-01-26): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400230 35242139 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Evidence of earlier borrower receipt was not found in Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least file. 8:08:10 AM -
[Redacted] ([redacted]) business days prior to Rate/Term
closing.
[redacted] [redacted] [redacted] [redacted] 627400230 35242140 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender Credits was last disclosed as $[redacted] on Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final estimate but disclosed as $[redacted] on Final Closing 8:30:31 AM - Refund Provide
Lender Credit of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid Changed of Rate/Term the Following:
$[redacted] Insufficient or no cure was provided to Circumstance for this fee, nor evidence of cure in file. Letter of
the borrower. Provide a post-close Closing disclosure disclosing the Explanation,
tolerance cure to include $[redacted] a copy of refund Proof of
check, proof of delivery, and a copy of the letter of Delivery, Copy
explanation sent to the borrower disclosing the changes of Refund
made. Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400230 35242141 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Timing Before TILA-RESPA Integrated Disclosure: Revised Loan Evidence of earlier borrower receipt was not found in Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance Closing Estimate provided on [redacted] not received by file. 8:43:19 AM -
borrower at least four ([redacted]) business days Rate/Term
prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400230 35248411 Credit Guideline Guideline Guideline Aged document: Asset Account date is more - Not within [redacted] days of Note. Reviewer Comment (2026-01-26): Confirmed per 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Issue than [redacted] days prior to Closing. final [redacted], cleared. 3:04:11 PM -
Rate/Term
Seller Comment (2026-01-26): Only asset doc
used to qualify borrower was [redacted]
[redacted] which was dated period ending
[redacted] and loan closed [redacted]
[redacted] [redacted] [redacted] [redacted] 627400230 35628237 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 7:40:46 AM - Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners Rate/Term - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400232 35255410 Credit Income / Income Income / Income Docs Missing: - ___ CPA letter for business "[redacted] is missing in the Reviewer Comment (2026-01-22): CPA letter 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment file. provided, cleared. . 3:35:51 PM Home
Seller Comment (2026-01-21): see uploaded
translated CPA letter
Letter is for Helinox Inc, which is
owned[redacted]
[redacted] [redacted] [redacted] [redacted] 627400232 35255422 Credit Income / Income Missing REO Documents are missing. - ___ For Address "[redacted] [redacted] [redacted]- Reviewer Comment (2026-01-22): After further 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document [redacted], [redacted]" Mortgage statement / Tax & review, exception cleared. 6:51:32 PM Home
Insurance document is missing in the file.
Seller Comment (2026-01-21): translated
mortgage statement from [redacted]
translated HOI
NO HOA per letter of explanation
ICR shows the annual tax amount
[redacted] [redacted] [redacted] [redacted] 627400232 35255502 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document increase of Document Preparation Fee. No valid COC 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds provided, nor evidence of cure in file. Provide a post- the Following:
tolerance of $[redacted] $[redacted] over legal close CD disclosing the tolerance cure to include Letter of
limit. Insufficient or no cure was provided to the $[redacted] a copy of refund check, proof of delivery, Explanation,
borrower. and a copy of the letter of explanation sent to the Proof of
borrower disclosing the changes made. borrower Delivery, Copy
disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400232 35255538 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared once all ATR specific cleared. 6:53:46 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. exceptions have been cured/cleared. ATR/QM Loan
Seller Comment (2026-01-21): ATR should be Designation
non-QM for foreign borrower
CPA letter uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400232 35255539 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, This exception will be cleared once all ATR specific cleared. 6:53:46 PM Home
the loan is at ATR risk. exceptions have been cured/cleared.
Seller Comment (2026-01-21): ATR should be
non-QM for foreign borrower
CPA letter uploaded to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400232 35255540 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-15): Cleared with 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on lowest index 5:21:03 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge page [redacted] that does not match the actual Finance - Provide the
on page [redacted] that does not match the actual Charge for the loan. The disclosed Finance Charge in the following:
Finance Charge for the loan. The disclosed Finance amount of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). (Final/[redacted]) Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400232 35255541 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-15): Cleared with 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on lowest index 5:21:03 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of page [redacted] that does not match the actual total of - Provide the
Payments on page [redacted] that does not match the payments for the loan (fee amounts included in TOP following:
actual total of payments for the loan (fee amounts calculation are based on Closing Disclosure dated Letter of
included in TOP calculation are based on Closing [redacted]). The disclosed Total of Payments in the Explanation,
Disclosure dated [redacted]). The disclosed Total amount of $[redacted] is under disclosed by $[redacted] Proof of
of Payments in the amount of $[redacted] is under compared to the calculated total of payments of Delivery,
disclosed by $[redacted] compared to the calculated $[redacted] which exceeds the $[redacted] threshold. Refund check
total of payments of $[redacted] which exceeds the (Final/[redacted]) for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400234 35236171 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400234 35236172 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400235 35238919 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; [redacted] exterior valuation is used. Missing exterior Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; property inspection report required by guidelines. Greater than 1 from third party review date 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; - Other
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400235 35239795 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-15): Updated fee 1/XX/2026 1 B A CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an name, cleared. 6:22:08 PM - Cash-out Disclosure Cure
[redacted] disclosed an Amount Financed disclosed inaccurate Amount Financed. The disclosed Amount - Other - Provide the
an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed following:
Financed in the amount of $[redacted] is over by $[redacted] compared to the calculated Amount Letter of
disclosed by $[redacted] compared to the calculated Financed of $[redacted] and the disclosed Finance Charge Explanation,
Amount Financed of $[redacted] and the disclosed is not accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]). and Re-open
and Finance Charge calculations are based on (Final/[redacted]) Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400235 35239796 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-15): Updated fee 1/XX/2026 1 B A CA Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on name, cleared. 6:22:08 PM - Cash-out Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge page [redacted] that does not match the actual Finance - Other - Provide the
on page [redacted] that does not match the actual Charge for the loan. The disclosed Finance Charge in the following:
Finance Charge for the loan. The disclosed Finance amount of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). (Final/[redacted]) Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400235 35239797 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan TILA-RESPA Integrated Disclosure - Loan Disclosures: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [Redacted] Disclosures: Amount of Estimated Property Costs Amount of Estimated Property Costs over Year [redacted] 7:58:07 AM - Cash-out Explanation &
[redacted] over Year [redacted] of on Final Closing of on Final Closing Disclosure provided on [redacted] - Other Corrected
Disclosure provided on [redacted] are are under disclosed (Final/[redacted]) Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400235 35239798 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan The first page of final CD shows will not have an escrow Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on payment. But the fourth page incorrectly disclosed 8:01:57 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow included in payment. Loan Disclosures: Final - Other Corrected
will have an escrow account. Closing Disclosure provided on [redacted] incorrectly Closing
disclosed whether the loan will have an escrow account. Disclosure
(Final/[redacted])
[redacted] [redacted] [redacted] [redacted] 627400235 35239799 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan The first page of final CD shows will not have an escrow Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on payment. But the fourth page incorrectly disclosed 8:03:43 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow included in payment. Loan Disclosures: Final - Other Corrected
will have an escrow account. Closing Disclosure provided on [redacted] incorrectly Closing
disclosed whether the loan will have an escrow account. Disclosure
(Final/[redacted])
[redacted] [redacted] [redacted] [redacted] 627400235 35239896 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of [redacted] is less Reviewer Comment (2026-01-23): Assets 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Discrepancy / discrepancy. than Guideline PITIA months reserves of [redacted]. sufficient per provided guidelines. Exception 2:07:19 PM - Cash-out
Guidelines is clear. - Other
Discrepancy
Seller Comment (2026-01-23): see pg 11 -
[redacted] reserves required, primary
residence - credit score over [redacted]
Seller Comment (2026-01-23): your summary
references [redacted] guidelines, borrower
application date [redacted]- attached please
see pg [redacted] of the guidelines attached -
[redacted] required
Reviewer Comment (2026-01-22): Exception
remains. Guides requires [redacted] pitia
reserve
Seller Comment (2026-01-21): see guides
[redacted] reserves
[redacted] [redacted] [redacted] [redacted] 627400235 35240144 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Calculated PITIA months reserves of [redacted] is less Reviewer Comment (2026-01-23): Assets 1/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not than Guideline PITIA months reserves of [redacted]. sufficient per provided guidelines. Exception 2:08:00 PM - Cash-out provide updated
match Due Diligence Loan Designation of ATR Risk. is clear. - Other ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400235 35240145 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-01-23): Assets 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, components, the loan is at ATR risk. Calculated PITIA sufficient per provided guidelines. Exception 2:08:00 PM - Cash-out
the loan is at ATR risk. months reserves of [redacted] is less than Guideline is clear. - Other
PITIA months reserves of [redacted].
[redacted] [redacted] [redacted] [redacted] 627400236 35241557 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to missing VVOE within [redacted] calendar Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A FL Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not days prior to the note date for borrower. further review 5:22:12 PM Home - provide updated
match Due Diligence Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Seller Comment (2026-01-16): General ATR (Not Designation
QM){ellipsis}Foreign National working outside
of the [redacted]
[redacted] [redacted] [redacted] [redacted] 627400236 35241558 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing VVOE within [redacted] calendar Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or days prior to the note date for borrower. further review 5:22:21 PM Home -
asset doc requirements which could result in a risk Rate/Term
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-16): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400236 35241559 Credit Income / Income Income / Income documentation requirements not met. Missing VVOE within [redacted] calendar days prior to Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Employment Documentation Employment the note date for borrower. further review 5:22:29 PM Home -
Rate/Term
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400236 35241560 Credit Income / Income Income / Verification(s) of employment is not within - Missing VVOE within [redacted] calendar days prior to Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. the note date for borrower. business days 8:02:33 AM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400236 35241562 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; The most recent inspection is dated prior to the recent Greater than [redacted] from third party 1:18:34 PM Home -
FEMA disaster. Disaster Declaration Date: ___; FEMA disaster. review date Rate/Term
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400236 35241567 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing VVOE within [redacted] calendar Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, days prior to the note date for borrower. further review 5:22:42 PM Home -
the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400236 35486275 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 A FL Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review 5:22:50 PM Home -
Rate/Term
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400237 35236318 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient or excess cure was provided to the borrower. Reviewer Comment (2025-12-15): Sufficient Cure 12/XX/2025 1 A A CA Primary Purchase Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Document Provided within [redacted] of Closing 11:26:17 AM following:
[redacted](f)([redacted]) Cure Preparation Fee. Fee Amount of $[redacted] exceeds Letter of
tolerance of $[redacted] Sufficient or excess cure Explanation
was provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400237 35236475 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): Cleared with 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a BPO 12:42:41 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400237 35236501 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. income is outside of [redacted] 11:41:51 AM
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400237 35236504 Credit Income / Income Income / Income Docs Missing: - ___ VVOE is missing in the file. Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment income is outside of[redacted] 11:41:56 AM
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400237 35236634 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to verification(s) of employment is not Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not within [redacted] business days of the Note. income is outside of [redacted] 11:42:44 AM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-29): Foreign borrowers Designation
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400237 35236635 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verification(s) of employment within [redacted] business Reviewer Comment (2026-01-30): [redacted] 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, days of the Note not provided. income is outside of [redacted] 11:42:44 AM
the loan is at ATR risk.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400240 35256684 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The most recent valuation inspection is dated prior to a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; FEMA disaster. Greater than 1 from third party review date 1:18:34 PM - Cash-out QM
FEMA disaster. Disaster Declaration Date: ___; Most Recent Valuation Inspection Date: [redacted]; - Other
Disaster End Date: ___ Disaster Name: REMNANTS OF HURRICANE [redacted];
Disaster Declaration Date: [redacted];
Disaster End Date: [redacted]
[redacted] [redacted] [redacted] [redacted] 627400240 35256865 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Waterfall due to DTI exceeding maximum allowable of Reviewer Comment (2026-02-23): Client retested 2/XX/2026 1 C A NY Primary Refinance Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does [redacted]%. Lender excluded monthly auto lease payment to Non QM 9:32:04 AM - Cash-out provide updated QM
not match Due Diligence Loan Designation of Non QM. of $[redacted] - Other ATR/QM status
Seller Comment (2026-02-13): assign to buyer
Reviewer Comment (2026-01-22): EXCEPTION
HISTORY - Exception Detail was updated on
[redacted] PRIOR Exception Detail: Qualified
Mortgage (Dodd-Frank 2014): Originator Loan
Designation of Safe Harbor QM does not match
Due Diligence Loan Designation of ATR Risk.
[redacted] [redacted] [redacted] [redacted] 627400240 35256866 Compliance Compliance Federal ATR/QM Defect QM DTI Qualified Mortgage (Dodd-Frank [redacted]): Total DTI exceeds maximum allowable of [redacted]%. Lender Reviewer Comment (2026-02-23): Client retested 2/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance Debt to Income Ratio exceeds [redacted]% and the excluded monthly auto lease payment of $[redacted] to Non QM 9:32:04 AM - Cash-out QM
images do not provide evidence loan is eligible for - Other
purchase, guarantee or insurance by the appropriate Seller Comment (2026-02-13): assign to buyer
agency.
Reviewer Comment (2026-02-10): The [redacted]
has been omitted from borrower's debt, per
Appendix Q the DTI exceed the allowed
[redacted]. DTI exceed at [redacted].
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): LOX for mercedes
payment is in file stating daughter makes the
payment - proof of payment attached
[redacted] [redacted] [redacted] [redacted] 627400240 35256867 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Refinance Good Faith Safe Harbor Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual date issued and removed from testing per attestation. 4:43:54 PM - Cash-out Redisclosure QM
did not disclose the actual Date Issued. Unable to is incomplete. - Other
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400240 35256870 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reviewer Comment (2025-12-17): Sufficient Cure 12/XX/2025 1 A A NY Primary Refinance Provide the Safe Harbor Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Appraisal Fee. Provided within [redacted] of Closing 11:56:36 AM - Cash-out following: QM
[redacted](f)([redacted]) Cure Fee Amount of $[redacted] exceeds tolerance of - Other Letter of
$[redacted] Sufficient or excess cure was provided Explanation
to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400240 35256871 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reviewer Comment (2025-12-17): Sufficient Cure 12/XX/2025 1 A A NY Primary Refinance Provide the Safe Harbor Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Reinspection Provided within [redacted] of Closing 11:56:36 AM - Cash-out following: QM
[redacted](f)([redacted]) Cure Fee. Fee Amount of $[redacted] exceeds tolerance - Other Letter of
of $[redacted] Sufficient or excess cure was Explanation
provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400240 35256872 Compliance Compliance Federal TILA Right-to- TILA Rescission - Disbursement Date Less Truth in Lending Act: Subject loan transaction Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Primary Refinance TILA ROR - Safe Harbor Non QM Yes
Compliance Cancel than 3 Business Days From Transaction Date disbursed on [redacted], prior to [Redacted] 8:51:57 AM - Cash-out Provide the QM
Missing, ([redacted]) business days from transaction date of - Other following:
Incorrect, [redacted]. Letter of
Incomplete Explanation,
and/or Proof of
provided on Delivery, and
the wrong form Re-open
Rescission
using the
correct model
form
[redacted] [redacted] [redacted] [redacted] 627400240 35256873 Compliance Compliance Federal TILA Right-to- TILA Notice of Right to Cancel Expiration Truth in Lending Act: Actual Date(s) on Notice of Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B NY Primary Refinance TILA ROR - Safe Harbor Non QM Yes
Compliance Cancel Date Prior or equal to Disbursement Date Right to Cancel occurs prior to expected date(s). 8:52:04 AM - Cash-out Provide the QM
Missing, - Other following:
Incorrect, Letter of
Incomplete Explanation,
and/or Proof of
provided on Delivery, and
the wrong form Re-open
Rescission
using the
correct model
form
[redacted] [redacted] [redacted] [redacted] 627400240 35258694 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Waterfall due to DTI exceeding maximum allowable of Reviewer Comment (2026-01-22): Lease omitted 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Discrepancy / total debt ratio discrepancy. [redacted]%. Lender excluded monthly auto lease payment from DTI and cleared. 6:00:01 PM - Cash-out QM
Guidelines of $[redacted] - Other
Discrepancy Seller Comment (2026-01-21): daughter pays
Seller Comment (2026-01-21): daughter pays
lease
[redacted] [redacted] [redacted] [redacted] 627400240 35258745 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Waterfall due to DTI exceeding maximum allowable of Reviewer Comment (2026-01-22): Lease omitted 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders [redacted]%. Lender excluded monthly auto lease payment from DTI and cleared. 6:00:56 PM - Cash-out QM
Guidelines Guidelines and [redacted](c)([redacted]) of of $[redacted] - Other
[redacted]% moderately exceeds the guideline
maximum of [redacted]%. (DTI Exception is eligible
to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400240 35258748 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to DTI exceeding maximum allowable of Reviewer Comment (2026-01-22): Lease omitted 1/XX/2026 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted]%. Lender excluded monthly auto lease payment from DTI and cleared. 6:00:56 PM - Cash-out QM
the loan is at ATR risk. of $[redacted] - Other
[redacted] [redacted] [redacted] [redacted] 627400240 35262709 Compliance TRID Document Error TRID Closing Disclosure: Dates are not in - Issue Date: ___; Received Date: ___; Signed Date: The Closing Disclosure issued on [redacted] was signed Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B NY Primary Refinance Safe Harbor Non QM No
chronological order. ___ by Borrower on [redacted]. 9:18:04 AM - Cash-out QM
- Other
[redacted] [redacted] [redacted] [redacted] 627400240 35267050 Compliance Compliance Federal ATR/QM Defect Retirement Documentation Qualified Mortgage (Dodd-Frank [redacted]): Reviewer Comment (2025-12-18): A copy of the 12/XX/2025 1 C A NY Primary Refinance Safe Harbor Non QM No
Compliance Retirement income documentation insufficient. award letter OR a copy of the most recent 10:58:14 AM - Cash-out QM
check or bank statement reflecting receipt. - Other
Provided.
[redacted] [redacted] [redacted] [redacted] 627400240 35611518 Compliance Compliance Federal ATR/QM Defect Appendix Q Liabilities - Invalid Exclusion Qualified Mortgage (Dodd-Frank [redacted]): One or Lease omitted from DTI, paid by other party. Reviewer Comment (2026-02-10): LOX, statement 2/XX/2026 1 A NY Primary Refinance Safe Harbor Non QM No
Compliance Basis more liabilities have been excluded from DTI provided, cleared. 1:41:50 PM - Cash-out QM
calculation for a prohibited reason. - Other
Seller Comment (2026-02-10): LOX for mercedes
payment is in file stating daughter makes the
payment - proof of payment attached
[redacted] [redacted] [redacted] [redacted] 627400240 35866820 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client retested to Non QM Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B NY Primary Refinance Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 9:32:20 AM - Cash-out QM
However, the updated Loan Designation of Non QM - Other
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400242 35244262 Credit Income / Income Missing REO Documents are missing. - [redacted] [redacted][redacted] [redacted][redacted] Reviewer Comment (2026-01-29): REO doc 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document [redacted] statement is missing in the file provided, cleared. 12:16:31 PM Home
Seller Comment (2026-01-27): property is free
and clear
Seller Comment (2026-01-27): currency conv
Seller Comment (2026-01-27): hoa
Seller Comment (2026-01-27): taxes
Seller Comment (2026-01-27): documentation for
taxes and hoa attached and credit report
[redacted] [redacted] [redacted] [redacted] 627400242 35244529 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] A valid COC for the fee increase was not provided. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400242 35250361 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-14): VVOE is within 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date [redacted] of note 3:08:46 PM Home
[redacted] [redacted] [redacted] [redacted] 627400244 35245307 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Credit Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Report Fee. Fee Amount of $[redacted] exceeds tolerance 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
of $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400244 35245308 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400244 35245451 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400244 35245649 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has verified disposable income of at least Approved LTV XXX Reviewer Comment (2026-01-22): Approved LTV 1/XX/2026 2 C B NY Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. $[redacted] exception with Originator exception with comp factors provided from 6:32:46 PM Home
Eligibility Eligibility Eligibility Borrower's monthly reserves have been verified and comp factors Pre-Close,XXX origination.
exceed the amount required based on the guidelines by provided from XXX
at least [redacted] months. origination. Seller Comment (2026-01-21): see uploaded
Borrowers made a down payment from their own funds on manager approval for LTV JLD approval
this purchase transaction of at least [redacted]% and of[redacted]
$[redacted] approval for [redacted] over max value of
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400244 35246102 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 6:32:57 PM Home
Seller Comment (2026-01-21):
[redacted]borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400245 35251515 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400245 35251527 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Discrepancy due to the incomplete CD issued on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Regular APR Change Closing Disclosure issued on [redacted] contains a [redacted]. 8:29:18 AM - Cash-out
change in APR and a complete Closing Disclosure was - Other
not received by borrower at least [Redacted]
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400245 35251528 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Missing a valid COC or sufficient lender credit. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. 8:45:40 AM - Cash-out Refund Provide
Fee Amount of $[redacted] exceeds tolerance of - Other the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400246 35251596 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400246 35251674 Credit Loan Package Application / Loan Package [redacted] Error: Citizenship Source - Borrower is Non-Permanent Resident Alien no document Reviewer Comment (2026-01-12): VISA approvals 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Documentation Processing Documentation Documentation was not provided provided. provided and cleared. 1:06:09 PM Home
[redacted] [redacted] [redacted] [redacted] 627400246 35251680 Credit Missing General Missing Missing Document: Verification of Non-US Verification of non-[redacted]citizen document is Reviewer Comment (2026-01-12): VISA approvals 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Document Document Citizen Status not provided missing provided and cleared. 1:06:17 PM Home
Seller Comment (2026-01-12): attached B2
Seller Comment (2026-01-12): attached B1
Seller Comment (2026-01-12): uploaded
[redacted] [redacted] [redacted] [redacted] 627400246 35251740 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guidelines 5:11:35 PM Home
Seller Comment (2026-01-16): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per [redacted]
product guidelines a written verification of
employment only is obtained.
[redacted] [redacted] [redacted] [redacted] 627400246 35251741 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guidelines 5:11:30 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the[redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400250 35244132 Credit Income / Income Missing REO Documents are missing. - Tax Verification is missing Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document and cleared 10:55:29 AM Home
Seller Comment (2026-01-29): see upload of ICR
for taxes on both foreign properties
[redacted] [redacted] [redacted] [redacted] 627400250 35244134 Credit Income / Income Missing REO Documents are missing. - Tax Verification is missing Reviewer Comment (2026-02-02): Doc provided 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document and cleared 10:55:36 AM Home
Seller Comment (2026-01-29): see ICR upload
for taxes on both foreign properties
[redacted] [redacted] [redacted] [redacted] 627400250 35244136 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400250 35244197 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 B A FL Second Purchase Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on further review 11:02:58 AM Home Explanation,
[redacted] disclosed a Product that does not match Re-Disclose
the actual product for the loan. Additional AIR/AP Correct
table failures could apply for loans with an Information
adjustable rate or adjustable payment with
incorrect Product disclosure.
[redacted] [redacted] [redacted] [redacted] 627400250 35244198 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review 10:56:02 AM Home
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400250 35256507 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Reo documents are missing. Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / not met further review 10:56:12 AM Home
Guidelines
Discrepancy Seller Comment (2026-01-29): uploaded pls
clear
[redacted] [redacted] [redacted] [redacted] 627400250 35256609 Credit Income / Income Income / Income documentation requirements not met. Vvoe not provided within [redacted] days of closing. Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment further review 10:56:35 AM Home
Seller Comment (2026-01-29): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400250 35256637 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan is waterfalling due to voe not provided within Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted] days of closing. further review 10:56:41 AM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-29): no voe for Designation
foreign employment please clear ATR
[redacted] [redacted] [redacted] [redacted] 627400250 35256638 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Loan is waterfalling due to voe not provided within Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] days of closing. further review 10:56:47 AM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): no voe for
eligible to be regraded with compensating factors.) foreign employment please clear ATR
[redacted] [redacted] [redacted] [redacted] 627400250 35256645 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Loan is waterfalling due to voe not provided within Reviewer Comment (2026-02-02): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted] days of closing. further review 10:56:54 AM Home
the loan is at ATR risk.
Seller Comment (2026-01-29): no voe for
foreign employment please clear
[redacted] [redacted] [redacted] [redacted] 627400251 35252997 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Lender approved exception for [redacted]% DTI (DTI must Borrower has verified disposable income of at least Lender Originator Reviewer Comment (2025-12-17): Lender 12/XX/2025 2 B B NV Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. remain under [redacted]%) exception. $[redacted] exception w/ Pre-Close,XXX exception w/ comp factors for DTI provided at 1:15:34 PM Home
Guidelines Borrower has worked in the same position for more than comp factors XXX orig.
Discrepancy [redacted] years. for DTI XXX
Borrower's monthly reserves have been verified and provided at XXX
exceed the amount required based on the guidelines by orig.
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400251 35253050 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Lender approved exception for [redacted]% DTI (DTI must Reviewer Comment (2026-02-10): Approved DTI 2/XX/2026 1 C A NV Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not remain under [redacted]%) exception and Verification(s) exception with comp factors provided from 4:43:26 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. of employment is not within [redacted] calendar days of origination. ATR/QM Loan
the Note. Designation
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): DTI is under
[redacted] at [redacted], exception email
attached
[redacted] [redacted] [redacted] [redacted] 627400251 35253052 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Lender approved exception for [redacted]% DTI (DTI must Borrower has verified disposable income of at least Lender Originator Reviewer Comment (2025-12-17): Lender 12/XX/2025 2 B B NV Second Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders remain under [redacted]%) exception. $[redacted] exception w/ Pre-Close,XXX exception w/ comp factors for DTI provided at 1:16:00 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has worked in the same position for more than comp factors XXX orig.
[redacted]% significantly exceeds the guideline [redacted] years. for DTI XXX
maximum of [redacted]%. (DTI Exception requires Borrower's monthly reserves have been verified and provided at XXX
compelling compensating factors to consider exceed the amount required based on the guidelines by orig.
regrading to EV[redacted]-B.) at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400251 35253100 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NV Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of increase of recording fee. No valid COC provided, nor 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus evidence of cure in file. the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400251 35254551 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NV Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days. 2:44:05 PM Home
[redacted] [redacted] [redacted] [redacted] 627400251 35480155 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 A NV Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines 6:06:36 PM Home
Seller Comment (2026-01-21): [redacted]
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400251 35773060 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Approved DTI exception with comp factors provided from Borrower has verified disposable income of at least Lender Originator Reviewer Comment (2026-02-10): Approved DTI 2/XX/2026 2 B NV Second Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders origination. $[redacted] exception w/ Pre-Close,XXX exception with comp factors provided from 4:42:54 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has worked in the same position for more than comp factors XXX origination.
[redacted]% moderately exceeds the guideline [redacted] years. for DTI XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower's monthly reserves have been verified and provided at XXX
to be regraded with compensating factors.) exceed the amount required based on the guidelines by orig.
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400252 35246483 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Incomplete Closing Disclosure used in compliance Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A CA Primary Refinance Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] testing. removed from testing per attestation. 4:47:35 PM - Redisclosure
did not disclose the actual Date Issued. Unable to Rate/Term
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400252 35246484 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Incomplete Closing Disclosure used in compliance Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A CA Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing testing. removed from testing per attestation. 4:47:35 PM -
and Received Date Disclosure was provided. (The Revised Loan Estimate Rate/Term
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400253 35253589 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] percent fee tolerance was exceeded by Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of $[redacted] due to increase of recording fee. No valid 10:06:37 AM - Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus COC provided, nor evidence of cure in file. Provide a Rate/Term the Following:
[redacted]% or $[redacted] $[redacted] over legal post-close CD disclosing the tolerance cure to include Letter of
limit. Insufficient or no cure was provided to the $[redacted] a copy of refund check, proof of delivery, Explanation,
borrower. and a copy of the letter of explanation sent to the Proof of
borrower disclosing the changes made. Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400253 35253590 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Fee was last disclosed as $[redacted] on Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. Estimate but disclosed as $[redacted] on Final Closing 8:45:40 AM - Refund Provide
Fee Amount of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid COC for this Rate/Term the Following:
$[redacted] $[redacted] over legal limit. fee, nor evidence of cure in file. Provide a post-close Letter of
Insufficient or no cure was provided to the Closing Disclosure disclosing the tolerance cure to Explanation,
borrower. include $[redacted] a copy of refund check, proof of Proof of
delivery, and a copy of the letter of explanation sent Delivery, Copy
to the borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400253 35253591 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Document Preparation Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document $[redacted] on Loan Estimate but disclosed as 8:45:40 AM - Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds $[redacted] on Final Closing Disclosure. File does not Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal contain a valid COC for this fee, nor evidence of cure Letter of
limit. Insufficient or no cure was provided to the in file. Provide a post-close Closing Disclosure Explanation,
borrower. disclosing the tolerance cure to include $[redacted] a Proof of
copy of refund check, proof of delivery, and a copy of Delivery, Copy
the letter of explanation sent to the borrower of Refund
disclosing the changes made. Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400253 35253594 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI The Due Diligence calculated DTI is in line with Lender Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-02): Waived with 2/XX/2026 2 C B CA Primary Refinance Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders DTI and exceeds maximum allowable of [redacted]%. No $[redacted] XXX compensating factors. 5:15:37 PM -
Guidelines Guidelines and [redacted](c)([redacted]) of lender approval for exception was provided in file. The representative FICO score exceeds the guideline Rate/Term
[redacted]% moderately exceeds the guideline minimum by at least [redacted] points. Seller Comment (2026-01-30): exception
maximum of [redacted]%. (DTI Exception is eligible approved
to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400253 35253617 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in FEMA Disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date Rate/Term
Disaster End Date: ___ the property must be re-inspected on or after declared
Most Recent Valuation Inspection Date: ___; end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400253 35253622 Credit Income / Income Missing REO Documents are missing. - The file is missing the hazard insurance documentation Reviewer Comment (2026-02-02): Clarification 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Employment Documentation Document for[redacted] [redacted] [redacted]. provided, exception cleared. 5:08:59 PM -
Rate/Term
Seller Comment (2026-01-30): tax and lox no
other expense
[redacted] [redacted] [redacted] [redacted] 627400253 35253649 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-02-02): Lender 2/XX/2026 1 C A CA Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of business entity within [redacted] exception for DTI in loan file. 5:17:44 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. calendar days of the note date. The Due Diligence Rate/Term ATR/QM Loan
calculated DTI is in line with Lender DTI and exceeds Seller Comment (2026-01-30): o Foreign Designation
the maximum allowable of [redacted]%. No lender approval borrowers with income outside of the
for the exception was provided in the file. [redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400253 35253650 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of The Due Diligence calculated DTI is in line with Lender Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-02): Waived with 2/XX/2026 2 C B CA Primary Refinance Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. DTI and exceeds the maximum allowable of [redacted]%. No $[redacted] XXX compensating factors per client direction. 4:59:05 PM -
Guidelines lender approval for the exception was provided in the The representative FICO score exceeds the guideline Rate/Term
Discrepancy file. minimum by at least [redacted] points. Seller Comment (2026-01-30): approval uploaded
[redacted] [redacted] [redacted] [redacted] 627400253 35253652 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing re-verification of business Reviewer Comment (2026-02-02): Clarification 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, entity within [redacted] calendar days of the note date. provided, exception cleared. 5:13:36 PM -
the loan is at ATR risk. The Due Diligence calculated DTI is in line with Lender Rate/Term
DTI and exceeds the maximum allowable of [redacted]%. No Seller Comment (2026-01-30): [redacted]
lender approval for the exception was provided in the borrowers with income outside of the
file. [redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400253 35277316 Credit Income / Income Income / Income documentation requirements not met. Re-verification of business entity (s-Corp) was not Reviewer Comment (2026-02-02): Guideline 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Employment Documentation Employment within [redacted] calendar days of the note date. Clarification provided, exception cleared. 5:02:25 PM -
Rate/Term
Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400253 35277346 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing re-verification of business Reviewer Comment (2026-02-02): Clarification 2/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or entity within [redacted] calendar days of the note date. provided, exception cleared. 5:13:01 PM -
asset doc requirements which could result in a risk The Due Diligence calculated DTI is in line with Lender Rate/Term
to the borrower's ability to repay. (Exception is DTI and exceeds the maximum allowable of [redacted]%. No Seller Comment (2026-01-30): [redacted]
eligible to be regraded with compensating factors.) lender approval for the exception was provided in the borrowers with income outside of the
file. [redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained. and exception
approved
[redacted] [redacted] [redacted] [redacted] 627400254 35252169 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400255 35244747 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400255 35244906 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Credit Reviewer Comment (2025-12-16): Sufficient Cure 12/XX/2025 1 A A CA Second Refinance Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Credit Report Report Fee. Fee Amount of $[redacted] exceeds tolerance Provided within [redacted] of Closing 8:52:05 AM Home - Cash-out following:
[redacted](f)([redacted]) Cure Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Sufficient or excess cure was provided to - Other Letter of
of $[redacted] Sufficient or excess cure was the borrower. Explanation
provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400255 35244908 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2025-12-16): Sufficient Cure 12/XX/2025 1 A A CA Second Refinance Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds Provided within [redacted] of Closing 8:52:05 AM Home - Cash-out following:
[redacted](f)([redacted]) Cure Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Sufficient or excess cure was - Other Letter of
tolerance of $[redacted] Sufficient or excess cure provided to the borrower. Explanation
was provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400255 35244959 Compliance Compliance Federal TRID TRID Post Close Closing Disclosure Evidence Principal reduction not applied to tolerance cure The file does not contain evidence of the principal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Informational / Non QM Non QM No
Compliance Principal Reduction Applied to Loan due to missing evidence of applying principal reduction for the cure. 9:50:26 AM Home - Cash-out non-material
reduction to the loan. - Other exception
indicating
principal
reduction
reflected on a
PCCD twas
applied to cure
TRID fee
tolerance
violation(s).
[redacted] [redacted] [redacted] [redacted] 627400255 35245004 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the VVOE dated within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. days of closing. further review 2:59:10 PM Home - Cash-out
- Other
Seller Comment (2026-01-28): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245691 Credit Income / Income Income / Income documentation requirements not met. The file is missing the required VVOE within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment days of closing. further review 2:59:17 PM Home - Cash-out
- Other
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245737 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Desigination does not match due to missing the VVOE Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not within [redacted] days of closing. further review 2:59:26 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Risk. - Other ATR/QM Loan
Seller Comment (2026-01-28): [redacted] Designation
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245738 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are The file is missing the required VVOE within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or days of closing. further review 2:59:33 PM Home - Cash-out
asset doc requirements which could result in a risk - Other
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-28): [redacted]
eligible to be regraded with compensating factors.) borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245782 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on The file is missing the required VVOE within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, days of closing. further review 2:59:44 PM Home - Cash-out
the loan is at ATR risk. - Other
Seller Comment (2026-01-28): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245786 Credit Income / Income Income / Income Docs Missing: - ___ The file is missing the required VVOE within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment days of closing. further review 2:59:51 PM Home - Cash-out
- Other
Seller Comment (2026-01-28): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400255 35245877 Compliance Compliance Federal Other TILA TILA NMLSR - Individual Originator License Truth in Lending Act (NMLSR Dodd- Frank Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Compliance Violations Status Not Approved [redacted]): Individual Loan Originator not in 9:47:10 AM Home - Cash-out
approved license status to conduct loan origination - Other
activities.
[redacted] [redacted] [redacted] [redacted] 627400256 35231161 Credit Hazard Insufficient Hazard The Hazard Insurance Policy effective date Hazard Insurance Policy Effective Date ___; The Hazard Insurance Policy Effective Date is after the Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B AZ Primary Purchase Safe Harbor Non QM No
Insurance Coverage Insurance is after the funds disbursed. Disbursement Date: ___; Note Date: ___; Transaction later of the disbursement, note or transaction date. more than [redacted] years. XXX to regrade and waive 9:33:07 AM QM
Date: ___ Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-10): Assigned to
Borrower has worked in the same position for more than XXX buyer, seller agrees with finding.
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX Seller Comment (2026-02-02): [redacted] is
exceed the amount required based on the guidelines by unable to provide and agrees with exception.
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400256 35231166 Compliance Compliance Federal ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank [redacted]): Income Asset depletion income not allowed on QM loans. Reviewer Comment (2026-02-10): Re-stated to 2/XX/2026 1 C A AZ Primary Purchase Safe Harbor Non QM No
Compliance used to qualify borrower(s) not permitted for use Non-QM. 4:38:51 PM QM
under Appendix Q.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Business search
attached and within [redacted]
[redacted] [redacted] [redacted] [redacted] 627400256 35231167 Compliance Compliance Federal ATR/QM Defect Partnership Income Documentation Test Qualified Mortgage (Dodd-Frank [redacted]): Self- Waterfall due to missing VOE for [redacted]Properties. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A AZ Primary Purchase Safe Harbor Non QM No
Compliance employed income documentation not sufficient cleared. 1:22:40 PM QM
(Partnership).
Seller Comment (2026-02-10): Business search
attached and within [redacted]
[redacted] [redacted] [redacted] [redacted] 627400256 35231168 Compliance Compliance Federal ATR/QM Defect Partnership Income Documentation Test Qualified Mortgage (Dodd-Frank [redacted]): Self- Third party verification is missing Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A AZ Primary Purchase Safe Harbor Non QM No
Compliance employed income documentation not sufficient cleared. 1:27:01 PM QM
(Partnership).
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): P&L attached
Seller Comment (2026-02-10): Business search
attached and within [redacted]
[redacted] [redacted] [redacted] [redacted] 627400256 35231169 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): Asset depletion income not allowed on QM loans. Reviewer Comment (2026-02-10): Re-stated to 2/XX/2026 1 C A AZ Primary Purchase Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does Non-QM. 4:38:51 PM provide updated QM
not match Due Diligence Loan Designation of Non QM. ATR/QM status
Seller Comment (2026-02-10): Business search
attached and within [redacted]
[redacted] [redacted] [redacted] [redacted] 627400256 35231170 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A AZ Primary Purchase Good Faith Safe Harbor Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:49:26 PM Redisclosure QM
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400256 35231171 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected There is no fees showing in Section G. Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A AZ Primary Purchase TILA Material Safe Harbor Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on removed from testing per attestation. 4:49:26 PM Disclosure Cure QM
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400256 35231172 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Taxes TILA-RESPA Integrated Disclosure - Projected There is no fees showing in Section G. Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A AZ Primary Purchase TILA Material Safe Harbor Non QM Yes
Compliance Included In Escrow Payments: Final Closing Disclosure provided on removed from testing per attestation. 4:49:26 PM Disclosure Cure QM
[redacted] incorrectly disclosed whether property - Provide the
taxes are included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400256 35231173 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A AZ Primary Purchase No Defined Cure Safe Harbor Non QM No
Compliance Regular APR Change Closing Disclosure issued on [redacted] contains a contains a change in APR and a complete Closing removed from testing per attestation. 4:49:26 PM QM
change in APR and a complete Closing Disclosure was Disclosure was not received by borrower at least
not received by borrower at least [Redacted] [Redacted] business days prior to consummation.
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400256 35231174 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender Credits. Final Lender Credit of $[redacted] Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B AZ Primary Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final exceeds tolerance of $[redacted]change of circumstances 9:33:23 AM Refund Provide QM
Lender Credit of $[redacted] exceeds tolerance of nor cure was provided to the borrower. the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400256 35231176 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Re-Inspection Fee. Fee Amount of $[redacted] Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B AZ Primary Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- exceeds tolerance of $[redacted] $[redacted] change of 9:33:32 AM Refund Provide QM
Inspection Fee. Fee Amount of $[redacted] exceeds circumstances nor cure was provided to the borrower. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400256 35773035 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Re-stated to Non-QM. Reviewer Comment (2026-02-10): Re-stated to 2/XX/2026 2 B AZ Primary Purchase Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. Non-QM. 4:38:57 PM QM
However, the updated Loan Designation of Non QM
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400258 35245668 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400258 35245684 Credit Income / Income Missing REO Documents are missing. - For property [redacted] [redacted] [redacted] Reviewer Comment (2026-01-26): Insurance, HOI 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document [redacted] ,[redacted] insurance and tax statement are and taxes provided, cleared. 3:16:04 PM
missing
Seller Comment (2026-01-26): ICR attached
shows property taxes on foreign property as
well as letter of explanation attached
indicating no other expenses on foreign
property referenced.
[redacted] [redacted] [redacted] [redacted] 627400258 35245749 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 12:51:51 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-26): General ATR (Not
QM){ellipsis}Foreign National working outside
of the US and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400258 35245750 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Interest / Dividend income using Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance and Assets - Schedule B verify Interest / Dividend income using reasonably reasonably reliable third-party records. review, exception cleared. 12:51:51 PM
reliable third-party records.
Seller Comment (2026-01-26): Foreign income
documentation and conversion of income
referenced attached.
[redacted] [redacted] [redacted] [redacted] 627400258 35245751 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 12:51:51 PM
[redacted] [redacted] [redacted] [redacted] 627400258 35256880 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Reo documents missing. Reviewer Comment (2026-01-26): Income docs and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Discrepancy / not met conversion provided, cleared. 3:23:36 PM
Guidelines
Discrepancy Seller Comment (2026-01-26): Mortgage stmt for
[redacted] attached. Foreign property located
@[redacted], [redacted] is owned F&C, only
property tax expense for this property (see
[redacted]).
[redacted] [redacted] [redacted] [redacted] 627400258 35257096 Credit Income / Income Income / Income documentation requirements not met. Income documents to verify the Interest/dividends income Reviewer Comment (2026-01-26): Income docs and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment missing in the loan file. conversion provided, cleared. 3:23:42 PM
Seller Comment (2026-01-26): See [redacted].
[redacted] [redacted] [redacted] [redacted] 627400258 35257108 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Loan is waterfalling due to missing income documents. Reviewer Comment (2026-01-26): Income docs and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or conversion provided, cleared. 3:22:54 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-26): See [redacted].
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400258 35257112 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Loan is waterfalling due to missing income documents. Reviewer Comment (2026-01-26): Income docs and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, conversion provided, cleared. 3:24:29 PM
the loan is at ATR risk.
Seller Comment (2026-01-26): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400259 35238787 Credit Credit Credit Guideline Guideline Requirement: Representative FICO Representative FICO score of ___ is less than Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-15): Approved lender 12/XX/2025 2 B B CA Investment Refinance N/A N/A No
Calculation / score discrepancy. Guideline representative FICO score of ___. more than [redacted] years. XXX exception from origination for FICO. 3:16:43 PM -
Analysis Borrower has verified disposable income of at least XXX Rate/Term
$[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400259 35238788 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 1:44:25 AM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400259 35484741 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 B CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. more than [redacted] years. XXX to regrade and waive 9:41:02 AM -
Borrower has verified disposable income of at least XXX Rate/Term
$[redacted] XXX Seller Comment (2026-02-02): [redacted] is
Borrower has worked in the same position for more than XXX unable to provide and agrees with exception.
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400260 35246759 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 12:38:02 PM
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400260 35246844 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400261 35244972 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400261 35245648 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400261 35245709 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a contains a change in APR and a complete Closing 8:22:22 AM Home
change in APR and a complete Closing Disclosure was Disclosure was not received by borrower at least
not received by borrower at least [Redacted] [Redacted] ([redacted]) business days prior to
([redacted]) business days prior to consummation. consummation.
[redacted] [redacted] [redacted] [redacted] 627400261 35245816 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): P&L Document is missing in file. Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not further review 5:43:15 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): Foreign income,
no P&L, CPA letter provided for income
[redacted] [redacted] [redacted] [redacted] 627400261 35245817 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to P&L Document is missing in file. Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable further review 5:43:15 PM Home
third-party records.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Foreign income,
no P&L, CPA letter provided for income
[redacted] [redacted] [redacted] [redacted] 627400261 35245818 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General P&L Document is missing in file. Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. further review 5:43:15 PM Home
[redacted] [redacted] [redacted] [redacted] 627400261 35773365 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Business or personal tax returns provided are not the 2/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax most recent 5:43:15 PM Home
returns provided are not the most recent.
Application Date [redacted], Most Recent Tax
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400262 35232869 Credit Income / Income Missing REO Documents are missing. - ___ Insurance Verification, Tax Verification Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Document further review 11:46:54 AM
Seller Comment (2026-01-27): international
credit report
Seller Comment (2026-01-27): see attached
credit report
[redacted] [redacted] [redacted] [redacted] 627400262 35234592 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. further review 11:38:50 AM
Seller Comment (2026-01-27): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400263 35244914 Credit Income / Income Missing REO Documents are missing. - Mortgage statement is missing in the file Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A DC Investment Refinance N/A N/A No
Employment Documentation Document cleared. 6:24:29 PM -
Rate/Term
Seller Comment (2026-01-21): [redacted]
mortgage statement for [redacted]
monthly payment includes escrow
[redacted] [redacted] [redacted] [redacted] 627400263 35248919 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A DC Investment Refinance N/A N/A No
Discrepancy / discrepancy. cleared. 6:25:23 PM -
Guidelines Rate/Term
Discrepancy Seller Comment (2026-01-21): BBVA # [redacted]
money market account for[redacted] to cover
[redacted]
Seller Comment (2026-01-21): BBVA #[redacted]
money market account for [redacted] to cover
[redacted] X PITIA
[redacted] [redacted] [redacted] [redacted] 627400264 35260624 Credit Income / Income Missing REO Documents are missing. - [redacted] [redacted]th [redacted] - Provide document to Reviewer Comment (2026-01-29): REO doc 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document verify tax and insurance expenses. provided, cleared. 4:11:54 PM Home
Reviewer Comment (2026-01-29): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted]PRIOR Exception Explanation:
Insurance Verification, Tax Verification
Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): Taxes taken off
ICR and HOI attached
[redacted] [redacted] [redacted] [redacted] 627400264 35260626 Credit Income / Income Missing REO Documents are missing. - [redacted] [redacted] - Provide document to verify tax Reviewer Comment (2026-01-29): REO doc 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document and insurance expenses. provided, cleared. 4:11:58 PM Home
Reviewer Comment (2026-01-29): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation:
Insurance Verification, Tax Verification
Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): Tax taxen from
ICR and HOI attached
[redacted] [redacted] [redacted] [redacted] 627400264 35260627 Credit Income / Income Missing REO Documents are missing. - [redacted] XXX - Provide document to verify tax and Reviewer Comment (2026-01-29): REO doc 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document insurance expenses. provided, cleared. 4:12:03 PM Home
Reviewer Comment (2026-01-29): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation:
Insurance Verification, Tax Verification
Seller Comment (2026-01-28): HOA attached
Seller Comment (2026-01-28): doc attached
Seller Comment (2026-01-28): Taxes taken from
ICR, HOI attached
[redacted] [redacted] [redacted] [redacted] 627400264 35260628 Credit Income / Income Missing REO Documents are missing. - [redacted][redacted] - Provide document to verify tax Reviewer Comment (2026-01-29): REO doc 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document and insurance expenses. provided, cleared. 4:12:07 PM Home
Reviewer Comment (2026-01-29): EXCEPTION
HISTORY - Exception Explanation was updated on
[redacted] PRIOR Exception Explanation:
Insurance Verification, Tax Verification
Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): Taxes taken from
ICR, HOI & HOA attached
[redacted] [redacted] [redacted] [redacted] 627400264 35260642 Credit Asset Asset Asset Guideline Issue:Insufficient asset - Provide one more month consecutive bank statement. Reviewer Comment (2026-01-29): Bank statements 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation documentation. provided, cleared. 4:17:46 PM Home
Seller Comment (2026-01-28): doc upload
Seller Comment (2026-01-28): doc attached
Seller Comment (2026-01-28): [redacted] bank
statements attached
[redacted] [redacted] [redacted] [redacted] 627400264 35260669 Credit Hazard Document Error Hazard Hazard Insurance policy does not list Lender Mortgagee clause is missing. Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B NY Second Purchase Non QM Non QM No
Insurance Insurance or Servicer and its successors and assigns, $[redacted] XXX to regrade and waive 9:42:14 AM Home
per guideline requirements. Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by Seller Comment (2026-02-03): [redacted] is
at least [redacted] months. unable to provide and agrees with exception
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400264 35260697 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is missing. Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 9:19:37 AM Home
[redacted] [redacted] [redacted] [redacted] 627400264 35260711 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Issue date is missing. Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] removed from testing per attestation. 4:50:37 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400264 35486892 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-29): After further 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. review, exception cleared. 4:11:35 PM Home
Seller Comment (2026-01-28): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400265 35251687 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - Partnership Test verify current Partnership status due to missing within [redacted] calendar days of note date. EMD of as required by the guidelines. 11:50:39 AM Home
Tax Return/XX/Third Party P&L, CPA Letter, or other $[redacted] was not verified as required by guidelines
Third Party Verification. resulting in insufficient reserves. Seller Comment (2026-01-30): [redacted]cpa
letters
[redacted] [redacted] [redacted] [redacted] 627400265 35251700 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-02-03): Income and 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment within [redacted] calendar assets verified as required by the guidelines. 11:50:39 AM Home provide updated
match Due Diligence Loan Designation of ATR Fail. days of note date. EMD of $[redacted] was not verified ATR/QM status
as required by guidelines resulting in insufficient Seller Comment (2026-01-30): [redacted]
reserves. borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400265 35251701 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable within [redacted] calendar days of note date. EMD of as required by the guidelines. 11:45:18 AM Home
third-party records. $[redacted] was not verified as required by guidelines
resulting in insufficient reserves. Seller Comment (2026-01-30): emd
Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400265 35251702 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Assets verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable within [redacted] calendar days of note date. EMD of as required by the guidelines. 11:45:18 AM Home
third-party records. $[redacted] was not verified as required by guidelines
resulting in insufficient reserves. Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400265 35251703 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable within [redacted] calendar days of note date. EMD of as required by the guidelines. 11:45:18 AM Home
third-party records. $[redacted] was not verified as required by guidelines
resulting in insufficient reserves. Seller Comment (2026-01-30): addtl emd info at
end of doc
Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained. emd uploaded
[redacted] [redacted] [redacted] [redacted] 627400265 35251704 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable within [redacted] calendar days of note date. EMD of as required by the guidelines. 11:45:18 AM Home
third-party records. $[redacted] was not verified as required by guidelines
resulting in insufficient reserves. Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400265 35251706 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Re-Inspection Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- $[redacted] on the Loan Estimate, but was disclosed as 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds $[redacted] on the Final Closing Disclosure. No valid the Following:
tolerance of $[redacted] $[redacted] over legal Change of Circumstance was provided for this change, nor Letter of
limit. Insufficient or no cure was provided to the evidence of cure. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400265 35251714 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400265 35251847 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income and 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. within [redacted] calendar days of note date. EMD of assets verified as required by the guidelines. 11:50:39 AM Home
$[redacted] was not verified as required by guidelines
resulting in insufficient reserves.
[redacted] [redacted] [redacted] [redacted] 627400265 35258569 Credit Asset Asset Asset Asset documentation requirements not met. EMD of $[redacted] was not verified as required by Reviewer Comment (2026-02-03): Assets verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation guidelines resulting in insufficient reserves. as required by the guidelines. 11:35:04 AM Home
Seller Comment (2026-01-30): uploaded
[redacted] [redacted] [redacted] [redacted] 627400265 35258570 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months EMD of $[redacted] was not verified as required by Reviewer Comment (2026-02-03): Assets verified 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. guidelines resulting in insufficient reserves. as required by the guidelines. 11:34:55 AM Home
Guidelines
Discrepancy Seller Comment (2026-01-30): Agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400265 35258571 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-02-03): Reverification 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of the note date. is not required for borrower's residing 11:05:38 AM Home
outside of the [redacted]
Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained. emd uploaded
[redacted] [redacted] [redacted] [redacted] 627400265 35258617 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted]or more guideline within [redacted] calendar days of note date. EMD of assets verified as required by the guidelines. 11:36:01 AM Home
components, the loan is at ATR risk. $[redacted] was not verified as required by guidelines
resulting in insufficient reserves. Seller Comment (2026-01-30): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained. emd uploaded
[redacted] [redacted] [redacted] [redacted] 627400265 35258618 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-03): Income and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. EMD of assets verified as required by the guidelines. 11:34:42 AM Home
asset doc requirements which could result in a risk $[redacted] was not verified as required by guidelines
to the borrower's ability to repay. (Exception is resulting in insufficient reserves. Seller Comment (2026-01-30): [redacted]
eligible to be regraded with compensating factors.) borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400266 35260353 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-02-09): Doc provided 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
documented in file. and cleared 2:44:40 PM Home
Seller Comment (2026-02-09): System Rate Lock
Screen
Reviewer Comment (2026-02-05): Exception
remains, copy of intial rate lock with rate
date required.
Seller Comment (2026-02-05): Rate Lock with
Change of Circumstance e-Signed
[redacted] [redacted] [redacted] [redacted] 627400266 35260361 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400266 35260366 Credit Income / Income Missing REO Documents are missing. - Tax verification missing for REO properties; [redacted] Reviewer Comment (2026-02-05): Doc provided 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Document , [redacted] and [redacted] and cleared. 3:35:21 PM Home
Seller Comment (2026-02-05): International
Credit Report showing property taxes for
[redacted], [redacted], [redacted] ,
[redacted],[redacted]
[redacted] [redacted] [redacted] [redacted] 627400266 35260510 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor 7:30:30 AM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400266 35260511 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable within [redacted] calendar days of note date. further review 3:38:52 PM Home
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400266 35260513 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted] Percent Fee Tolerance exceeded. Recording fee Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
or $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400266 35260514 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400266 35260515 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment within [redacted] calendar further review 3:40:19 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. days of note date. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400266 35260516 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. within [redacted] calendar days of note date. further review 4:13:37 PM Home
[redacted] [redacted] [redacted] [redacted] 627400266 35267997 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of note date. further review 3:35:38 PM Home
Seller Comment (2026-02-05): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400266 35268894 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. further review 3:37:29 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400266 35269035 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing re-verification of employment Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, within [redacted] calendar days of note date. further review 3:38:23 PM Home
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400266 35269059 Credit Income / Income Income / Income Docs Missing: - Re-verification of employment was not within [redacted] Reviewer Comment (2026-02-05): Cleared after 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of note date. further review 3:35:59 PM Home
Seller Comment (2026-02-05): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained. emd uploaded
[redacted] [redacted] [redacted] [redacted] 627400267 35252197 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 5:12:52 PM Home
Seller Comment (2026-01-16): Correction...ICR
(International Credit Report) uploaded.
Seller Comment (2026-01-16): The annual
property taxes on Del [redacted]
[redacted] [redacted] [redacted] [redacted] 627400267 35252209 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400267 35252398 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-16): After further 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 5:19:03 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-16): General ATR (Not
QM){ellipsis}[redacted].
[redacted] [redacted] [redacted] [redacted] 627400267 35252402 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General The foreign income documentation does not meet ATR Reviewer Comment (2026-01-16): After further 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. requirements, review, exception cleared. 5:19:03 PM Home
[redacted] [redacted] [redacted] [redacted] 627400267 35253977 Credit Missing General Missing Missing Document: Source of Funds/Deposit The file is missing a copy of the deposit for the gift Reviewer Comment (2026-01-12): Confirmed and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Document Document not provided funds. cleared. 3:19:27 PM Home
Seller Comment (2026-01-12): Gift funds were
not needed to qualify.
[redacted] [redacted] [redacted] [redacted] 627400267 35258701 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to The foreign income documentation does not meet ATR Reviewer Comment (2026-01-16): After further 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably requirements. review, exception cleared. 5:19:03 PM Home
reliable third-party records.
Seller Comment (2026-01-16): Income was
calculated using CPA letter uploaded (Income
Conversion provided as well).
[redacted] [redacted] [redacted] [redacted] 627400267 35451910 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months [redacted] months required of PITIA Reviewer Comment (2026-01-16): After further 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Discrepancy / discrepancy. $[redacted]X[redacted]= $[redacted] borrower only has review, exception cleared. 5:17:41 PM Home
Guidelines $[redacted] in reserves, shortfall of $[redacted]
Discrepancy
[redacted] [redacted] [redacted] [redacted] 627400268 35246002 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home QM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400268 35246116 Compliance Compliance Federal ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank [redacted]): Income Asset Depletion was used to qualify which is not allowed Reviewer Comment (2026-02-09): Client restated 2/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Compliance used to qualify borrower(s) not permitted for use under Appendix Q. to Non QM 8:02:20 PM Home QM
under Appendix Q.
Seller Comment (2026-02-02): Seller requests
buyer review: send to buyer
Seller Comment (2026-02-02): Agree that ATR
should be non QM for use of asset depletion
Reviewer Comment (2026-02-02): Asset depletion
not allowed on QM loans per Appendix Q,
[redacted] can elect to re-state to Non-QM
Seller Comment (2026-01-29): [redacted]
approval for asset depletion
[redacted] [redacted] [redacted] [redacted] 627400268 35246119 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank [redacted]): [redacted]exception due to missing [redacted] day VVOE Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A FL Second Purchase Lender to Safe Harbor Non QM Yes
Compliance Originator Loan Designation of Safe Harbor QM does dated with [redacted] calendar days of note date and further review 3:04:32 PM Home provide updated QM
not match Due Diligence Loan Designation of ATR insufficient asset doc ATR/QM status
Risk. Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400268 35246121 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Valid COC or sufficient cure not provided at the time of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] closing. 10:06:37 AM Home Refund Provide QM
exceeds tolerance of $[redacted] plus [redacted]% the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400268 35246122 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC or sufficient cure not provided at the time of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report closing. 8:45:40 AM Home Refund Provide QM
Re-Issue Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400268 35246123 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC or sufficient cure not provided at the time of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document closing. 8:45:40 AM Home Refund Provide QM
Preparation Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400268 35246124 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC or sufficient cure not provided at the time of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Safe Harbor Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. closing. 8:45:40 AM Home Refund Provide QM
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400268 35246172 Credit Income / Income Income / Verification(s) of employment is not within - [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date business days 8:28:16 AM Home QM
[redacted] [redacted] [redacted] [redacted] 627400268 35246207 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Missing documentation on credit tradeline verifying Reviewer Comment (2026-02-02): Asset source 2/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Discrepancy / not met monthly payment of $[redacted] not reflected on the provided, cleared. 3:21:13 PM Home QM
Guidelines international credit report provided.
Discrepancy Seller Comment (2026-01-29): [redacted]
liability is [redacted] of total of new
charges
[redacted] [redacted] [redacted] [redacted] 627400268 35257332 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted]due to insufficient asset doc. Guideline Reviewer Comment (2026-02-02): Source 2/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Compliance Impact guideline deficiencies related to income and/or reqires [redacted] month bank statements for purchase provided, cleared. 3:20:53 PM Home QM
asset doc requirements which could result in a risk transactions.
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): [redacted] not
eligible to be regraded with compensating factors.) [redacted] because account opened on
[redacted]
Seller Comment (2026-01-29): source of
[redacted] deposit of [redacted]
[redacted] [redacted] [redacted] [redacted] 627400268 35257333 Credit Asset Asset Asset Asset documentation requirements not met. [redacted]due to insufficient asset doc. Guideline Reviewer Comment (2026-02-02): Asset source 2/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Documentation reqires [redacted] month bank statements for purchase provided, cleared. 3:21:19 PM Home QM
transactions.
Seller Comment (2026-01-29): source
of[redacted] to open [redacted]
Seller Comment (2026-01-29): [redacted] is not
two months because the borrower opened this
account with the [redacted] transfer
[redacted] [redacted] [redacted] [redacted] 627400268 35257383 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 C A FL Second Purchase Safe Harbor Non QM No
Compliance Guidelines the loan failing one or more guideline components, calendar days and insufficient bank statement further review 3:05:14 PM Home QM
the loan is at ATR risk.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400268 35486463 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-29): Cleared after 1/XX/2026 1 A FL Second Purchase Safe Harbor Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review 3:05:24 PM Home QM
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400268 35764548 Compliance Compliance Federal ATR/QM Defect Check Restated Loan Designation Match - Ability to Repay (Dodd-Frank [redacted]): The Client restated to Non QM Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B FL Second Purchase Safe Harbor Non QM No
Compliance General Ability to Repay initial Loan Designation provided did not match. 7:23:44 AM Home QM
However, the updated Loan Designation of Non QM
matches the Due Diligence Loan Designation of Non
QM.
[redacted] [redacted] [redacted] [redacted] 627400269 35252493 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than 1 from third party review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required.
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400269 35252590 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): ATR failed due to missing document. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A CA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not cleared 5:48:22 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): [redacted]
Income, no P&L CPA Letter provided for income
[redacted] [redacted] [redacted] [redacted] 627400269 35252591 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Third-party verification not provided. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable cleared 5:48:22 PM Home
third-party records.
Seller Comment (2026-02-10): [redacted]
Income, no P&L CPA Letter provided for income
[redacted] [redacted] [redacted] [redacted] 627400269 35252592 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Third-party verification not provided. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable cleared. 5:30:15 PM Home
third-party records.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): [redacted]
Income, no P&L CPA Letter provided for income
[redacted] [redacted] [redacted] [redacted] 627400269 35252593 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failed due to missing document. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 A A CA Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared 5:48:22 PM Home
[redacted] [redacted] [redacted] [redacted] 627400269 35252594 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over-disclosed by $[redacted] name, cleared. 7:21:32 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400269 35252595 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A CA Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under-disclosed by $[redacted] name, cleared. 7:21:32 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400269 35252597 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient cure not provided for Document Preparation Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Fee. Fee amount of $[redacted] 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400269 35252598 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient cure not provided for Document Service Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Service Charges. Charges. Fee amount of $[redacted] 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400270 35253631 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an name, cleared. 7:25:18 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed inaccurate Amount Financed. The disclosed Amount - Provide the
an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed following:
Financed in the amount of $[redacted] is over by $[redacted] compared to the calculated Amount Letter of
disclosed by $[redacted] compared to the calculated Financed of $[redacted] and the disclosed Finance Charge Explanation,
Amount Financed of $[redacted] and the disclosed is not accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]). and Re-open
and Finance Charge calculations are based on (Final/[redacted]) Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400270 35253632 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on name, cleared. 7:25:18 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge page [redacted] that does not match the actual Finance - Provide the
on page [redacted] that does not match the actual Charge for the loan. The disclosed Finance Charge in the following:
Finance Charge for the loan. The disclosed Finance amount of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). (Final/[redacted]) Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400270 35253633 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided on or after the date the Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Closing Disclosure was provided. (Initial/[redacted]) removed from testing per attestation. 8:42:49 PM Home
and Received Date Disclosure was provided. (The Revised Loan Estimate
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400270 35253634 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided on or after the date the Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Closing Disclosure was provided. (Interim/[redacted]) removed from testing per attestation. 8:42:49 PM Home
and Received Date Disclosure was provided. (The Revised Loan Estimate
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400270 35253636 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent No COC found no cure provided Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400270 35253637 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No COC found or no cure was provided to the borrower Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400270 35253654 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400270 35253669 Credit Income / Income Missing REO Documents are missing. - ___ HOA Verification document is missing. Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document guidelines. 8:43:11 PM Home
Seller Comment (2026-01-27): see credit report
Seller Comment (2026-01-27): see attached
credit report
[redacted] [redacted] [redacted] [redacted] 627400270 35255263 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guidelines. 8:43:03 PM Home
Seller Comment (2026-01-27): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400271 35260828 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NC Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400271 35260830 Credit Income / Income Missing REO Documents are missing. - Tax verification is not provided for [redacted] Reviewer Comment (2026-01-28): Provided, 1/XX/2026 1 C A NC Investment Purchase N/A N/A No
Employment Documentation Document [redacted] #[redacted] [redacted] [redacted] cleared. 4:22:43 PM
Seller Comment (2026-01-26): international
credit report used to verify tax
[redacted] [redacted] [redacted] [redacted] 627400271 35260841 Credit Income / Income Missing REO Documents are missing. - Insurance verification is not provided for [redacted] Reviewer Comment (2026-01-28): Provided, 1/XX/2026 1 C A NC Investment Purchase N/A N/A No
Employment Documentation Document [redacted] cleared. 4:22:49 PM
Seller Comment (2026-01-26): HOI
[redacted] [redacted] [redacted] [redacted] 627400271 35260871 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Rental income is mismatching with lender calculation, Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NC Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. because of that DTI is exceeding. review, exception cleared. 4:33:10 PM
Guidelines
Discrepancy Seller Comment (2026-01-26): unsure
specifically how you are getting different
rental figures, attached is u/w worksheet,
which matches our system showing how
calculated
[redacted] [redacted] [redacted] [redacted] 627400271 35273006 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days 3:11:08 PM
[redacted] [redacted] [redacted] [redacted] 627400271 35480374 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-28): After further 1/XX/2026 1 A NC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. review, exception cleared. 4:33:15 PM
Seller Comment (2026-01-26): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400272 35252199 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-03): Tax cert 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Employment Documentation Document provided, cleared. 5:08:53 PM Home
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Taxes taken from
ICR, no HOI, & HOA attached
[redacted] [redacted] [redacted] [redacted] 627400272 35252295 Credit Credit Miscellaneous Guideline Credit Exception: Escalation review for conditional approval & Em due Reviewer Comment (2026-02-03): approval 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Diligence provided cleared 5:08:39 PM Home
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): uw wksht
conditional approval attached
[redacted] [redacted] [redacted] [redacted] 627400272 35252337 Credit Credit General Credit Initial Rate Lock rate date is not Rate lock date is missing Reviewer Comment (2026-02-03): Rate lock 2/XX/2026 1 C A MA Second Purchase Non QM Non QM No
documented in file. provided, cleared. 5:09:07 PM Home
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Rate lock
attached
[redacted] [redacted] [redacted] [redacted] 627400272 35252386 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A MA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days 2:47:37 PM Home
[redacted] [redacted] [redacted] [redacted] 627400272 35252406 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Lock date document is missing Reviewer Comment (2026-02-03): Rate lock 2/XX/2026 1 B A MA Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor provided, cleared. 5:14:16 PM Home
Application Date and Transaction Date used to
determine rate used for testing. Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400272 35252408 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Need sufficient cure amount for ten [redacted]% Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B MA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400272 35252409 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Need sufficient cure amount for [redacted] percent fee Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B MA Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400272 35480178 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-03): After further 2/XX/2026 1 A MA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. review, exception cleared. 5:13:53 PM Home
Seller Comment (2026-02-02): [redacted]
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400272 35714459 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-02-03): After further 2/XX/2026 1 A MA Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not review, exception cleared. 5:15:45 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400272 35714460 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Due to VOE[redacted] days withing the note date. Reviewer Comment (2026-02-03): After further 2/XX/2026 1 A MA Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, review, exception cleared. 5:15:45 PM Home
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400273 35252351 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400273 35252533 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are VOE within [redacted] calendar days from the note not Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or provided. guidelines. 11:01:45 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-20): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will
not have a VOE, per product guidelines a
written verification of employment is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400273 35252570 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): VOE within [redacted] calendar days from the note not Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not provided. guidelines. 11:02:28 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-20): Foreign borrowers Designation
with income outside of the [redacted] will
not have a VOE, per product guidelines a
written verification of employment is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400273 35252571 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on VOE within [redacted] calendar days from the note not Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, provided. guidelines. 11:02:28 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the[redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400273 35252572 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over disclosed by $[redacted] compared to name, cleared. 7:29:07 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed the calculated Amount Financed of $[redacted] and the - Provide the
an inaccurate Amount Financed. The disclosed Amount disclosed Finance Charge is not accurate within following:
Financed in the amount of $[redacted] is over applicable tolerances Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400273 35252574 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared name, cleared. 7:29:07 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] which - Provide the
on page [redacted] that does not match the actual exceeds the $[redacted] threshold (fee amounts included following:
Finance Charge for the loan. The disclosed Finance in Finance Charge calculation are based on Closing Letter of
Charge in the amount of $[redacted] is under Disclosure Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400273 35252589 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent The Recording Fee changed to $[redacted] on the CD dated Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] [redacted]. A valid change of circumstance was not 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% provided for fee change, and no evidence of tolerance the Following:
or $[redacted] $[redacted] over legal limit. cure was in the file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400273 35252628 Credit Income / Income Income / Income documentation requirements not met. VOE within [redacted] calendar days from the note not Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment provided. guidelines. 11:01:05 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400273 35258417 Credit Income / Income Income / Verification(s) of employment is not within - VOE within [redacted] calendar days from the note not Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. provided. business days. 2:48:16 PM Home
[redacted] [redacted] [redacted] [redacted] 627400273 35480184 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 11:01:01 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will
not have a VOE, per product guidelines a
written verification of employment is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400274 35255156 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; The most recent inspection is dated prior to the recent Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; FEMA disaster. Disaster end date was [redacted]. review date
Disaster End Date: ___ Provide a post-disaster inspection report showing no
Most Recent Valuation Inspection Date: ___; damage to the property.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400274 35255183 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 6:19:11 PM Home
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400275 35254204 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. The disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted] Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400275 35254210 Credit Income / Income Missing REO Documents are missing. - Provide Tax cert and hazard insurance document for Reviewer Comment (2026-01-26): Insurance, tax 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Document additional property - [redacted] .[redacted] [redacted] verification provided, cleared. 3:49:58 PM -
[redacted] [redacted] Rate/Term
Seller Comment (2026-01-26): Attached is the
[redacted] which shows property taxes and
HOI/XX/HOA expenses for property referenced
(supporting docs & conversion).
[redacted] [redacted] [redacted] [redacted] 627400275 35254301 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Approved lender exception is in Acuity processing. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-26): Client elects 1/XX/2026 2 C B CA Investment Refinance N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. more than [redacted] years. XXX to waive and downgrade for LTV of [redacted] 3:58:53 PM -
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least XXX comp factor borrower makes [redacted] per Rate/Term
$[redacted] XXX month.
Borrower has worked in the same position for more than
[redacted] years. Seller Comment (2026-01-26): See attached
The qualifying DTI on the loan is at least [redacted]% Manager Approval to [redacted] LTV.
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400275 35254302 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-26): Client elects 1/XX/2026 2 C B CA Investment Refinance N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage more than [redacted] years. XXX to waive and downgrade for LTV of [redacted] 4:00:04 PM -
Guidelines of ___. Borrower has verified disposable income of at least XXX comp factor borrower makes [redacted] per Rate/Term
Discrepancy $[redacted] XXX month.
Borrower has worked in the same position for more than
[redacted] years. Seller Comment (2026-01-26): See [redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400276 35252528 Credit Income / Income Income / Verification(s) of employment is not within - File is missing the Verification of Employment document Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A VT Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. within [redacted] calendar days of the Note. business days. 1:50:52 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400276 35252557 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Coverage shortage is $[redacted] Please provide updated Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A VT Second Refinance Non QM Non QM No
Analysis coverage amount is insufficient. hazard insurance policy with appropriate coverage guidelines. 5:37:44 PM Home - Cash-out
amount. - Other
Seller Comment (2026-01-20): Loan amount is
[redacted], hazard insurance uploaded is for
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400276 35252620 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. The disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A VT Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted] Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400276 35484766 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A VT Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 5:37:52 PM Home - Cash-out
- Other
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400278 35254569 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400278 35255051 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A TX Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] is over-disclosed by $[redacted] compared to name, cleared. 7:31:19 PM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed the calculated Amount Financed of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400278 35255052 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A TX Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under-disclosed by $[redacted] compared name, cleared. 7:31:19 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] which - Provide the
on page [redacted] that does not match the actual exceeds the $[redacted] threshold. following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400278 35269300 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the note date for wage income and business days. 9:22:27 AM
[redacted] calendar days for self-employment.
[redacted] [redacted] [redacted] [redacted] 627400278 35269314 Credit Income / Income Income / Income Docs Missing: - Only [redacted] year tax return was provided for C-Corp; Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] years required [redacted] ([redacted]). from testing 2:13:44 PM
Third-Party Verification was not provided for all
businesses for which income was used to qualify. VVOE - Seller Comment (2026-02-04): disagree, no
Employment Only was not provided for wage income. No income was used for this company therefore
income documentation was provided for [redacted] , AFK, verification not needed
[redacted] .
Reviewer Comment (2026-02-03): Exception
remains, please provide CPA letter / Third
party verification doc for Stephenville
Fitness
Seller Comment (2026-02-02): foreign cpa
letter, would not have 3rd party verification
since is foreign income
Seller Comment (2026-02-02): C-Corp was
incorporated [redacted] so wouldnt have had
another year return, loss used to qualify, no
income used for Stephenvill AFK-not needed;
[redacted] [redacted] [redacted] [redacted] 627400278 35269372 Credit Income / Income Income / Income documentation requirements not met. Only [redacted] year tax return was provided for C-Corp; Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] years required [redacted] ([redacted]). from testing 2:15:13 PM
[redacted]-Party Verification was not provided for all
businesses for which income was used to qualify. VVOE - Seller Comment (2026-02-04): disagree, no
Employment Only was not provided for wage income. No income was used for this company therefore
income documentation was provided for [redacted] , AFK, verification not needed
[redacted] .
Reviewer Comment (2026-02-03): Exception
remains, please provide cpa/third party
verification
Seller Comment (2026-02-02): duplicate citing
[redacted] [redacted] [redacted] [redacted] 627400278 35269396 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing income Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A TX Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not documents. Only [redacted] year tax return was provided from testing 2:15:45 PM provide updated
match Due Diligence Loan Designation of ATR Risk. for C-Corp; [redacted] years required [redacted] ATR/QM Loan
([redacted]). Third-Party Verification was not provided Seller Comment (2026-02-04): disagree, no Designation
for all businesses for which income was used to qualify. income was used for this company therefore
VVOE - Employment Only was not provided for wage income. verification not needed
No income documentation was provided for [redacted] ,
AFK, [redacted] . Reviewer Comment (2026-02-03): Exception
remains, please provide cpa/third party
verification
Seller Comment (2026-02-02): duplicate citing
[redacted] [redacted] [redacted] [redacted] 627400278 35269397 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Loan Designation discrepancy due to missing income Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, documents. Only [redacted] year tax return was provided from testing 2:15:45 PM
the loan is at ATR risk. for C-Corp; [redacted] years required [redacted]
([redacted]). Third-Party Verification was not provided Seller Comment (2026-02-04): disagree, no
for all businesses for which income was used to qualify. income was used for this company therefore
VVOE - Employment Only was not provided for wage income. verification not needed
No income documentation was provided for [redacted] ,
AFK, [redacted] . Reviewer Comment (2026-02-03): Exception
remains, please provide cpa/third party
verification
Seller Comment (2026-02-02): duplicate citing
[redacted] [redacted] [redacted] [redacted] 627400278 35269399 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Loan Designation discrepancy due to missing income Reviewer Comment (2026-02-16): Income removed 2/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or documents. Only [redacted] year tax return was provided from testing 2:14:39 PM
asset doc requirements which could result in a risk for C-Corp; [redacted] years required [redacted]
to the borrower's ability to repay. (Exception is ([redacted]). Third-Party Verification was not provided Seller Comment (2026-02-04): disagree, no
eligible to be regraded with compensating factors.) for all businesses for which income was used to qualify. income was used for this company therefore
VVOE - Employment Only was not provided for wage income. verification not needed
No income documentation was provided for [redacted] ,
AFK, [redacted] . Reviewer Comment (2026-02-03): Exception
remains, please provide cpa/third party
verification
Seller Comment (2026-02-02): duplicate citing
[redacted] [redacted] [redacted] [redacted] 627400278 35486912 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 A TX Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review. 3:27:25 PM
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400279 35252495 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400279 35252498 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-29): ICR provided, 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 12:26:26 PM Home
Seller Comment (2026-01-27): international
credit report
[redacted] [redacted] [redacted] [redacted] 627400279 35252567 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note guides, cleared. 12:29:11 PM Home
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400280 35254991 Credit Missing General Missing Missing Document: [redacted] Rent Comparison [redacted] rent comparable document is missing. Reviewer Comment (2026-01-13): Rental income 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Document Document Schedule not provided was not used for subject, exception cleared. 1:29:26 PM
Seller Comment (2026-01-13): Rental from
subject is not used, therefore comparable rent
schedule 1007 is not required.
[redacted] [redacted] [redacted] [redacted] 627400281 35252427 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400281 35252430 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-22): Verification 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document provided, cleared. 3:53:10 PM Home
Seller Comment (2026-01-21): see property info
section
Seller Comment (2026-01-21): borrower credit
report shows free and clear - property tax
amount
[redacted] [redacted] [redacted] [redacted] 627400281 35252488 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] increase of recording fee. No valid change of 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% circumstance provided, nor evidence of cure in file. the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400282 35253834 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Post Disaster Inspection report not provided after Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Disaster End Date. Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400282 35253948 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an 7:34:35 AM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed inaccurate Amount Financed. The disclosed Amount Reviewer Comment (2026-01-22): EXCEPTION - Provide the
an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed HISTORY - Exception Detail was updated on following:
Financed in the amount of $[redacted] is over by $[redacted] compared to the calculated Amount [redacted] PRIOR Exception Detail: TILA-RESPA Letter of
disclosed by $[redacted] compared to the calculated Financed of $[redacted] and the disclosed Finance Charge Integrated Disclosure - Loan Calculations: Explanation,
Amount Financed of $[redacted] and the disclosed is not accurate within applicable tolerances for Amount Final Closing Disclosure provided on Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included [redacted] disclosed an Amount Financed Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are disclosed an inaccurate Amount Financed. The Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]) disclosed Amount Financed in the amount of and Re-open
and Finance Charge calculations are based on [redacted] is over disclosed by [redacted] Rescission
Closing Disclosure dated [redacted]). compared to the calculated Amount Financed of (required on
[redacted] and the disclosed Finance Charge is rescindable
not accurate within applicable tolerances for transactions)
Amount Financed to be considered accurate (fee
amounts included in Amount Financed and
Finance Charge calculations are based on
Closing Disclosure dated [redacted]).
(Final/[redacted])
[redacted] [redacted] [redacted] [redacted] 627400282 35253949 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on 7:38:46 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge page [redacted] that does not match the actual Finance Reviewer Comment (2026-01-22): EXCEPTION - Provide the
on page [redacted] that does not match the actual Charge for the loan. The disclosed Finance Charge in the HISTORY - Exception Detail was updated on following:
Finance Charge for the loan. The disclosed Finance amount of $[redacted] is under disclosed by $[redacted] [redacted] PRIOR Exception Detail: TILA-RESPA Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Integrated Disclosure - Loan Calculations: Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Final Closing Disclosure provided on[redacted] Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on disclosed an inaccurate Finance Charge on page Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]) [redacted] that does not match the actual Refund check
Finance Charge calculation are based on Closing Finance Charge for the loan. The disclosed for
Disclosure dated [redacted]). Finance Charge in the amount of [redacted] is underdisclosed
under disclosed by [redacted] compared to the amount,
calculated Finance Charge of [redacted] which Corrected CD,
exceeds the [redacted] threshold (fee amounts and Re-open
included in Finance Charge calculation are Rescission
based on Closing Disclosure dated [redacted]). (required on
(Final[redacted]) rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400282 35253950 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
or $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400282 35253951 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400282 35254386 Credit Income / Income Income / Verification(s) of employment is not within - VOE provided is dated [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 9:40:04 AM Home
[redacted] [redacted] [redacted] [redacted] 627400282 35487136 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:49:55 PM Home
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400284 35233843 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400284 35233891 Credit Missing General Missing Missing Document: Currency Reviewer Comment (2026-02-02): Currency 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Document Document Converter/Exchange (Asset) not provided converter doc provided. 10:40:43 AM Home - Cash-out
- Other
Seller Comment (2026-02-02): see two
conversions provided
Seller Comment (2026-02-02): see two credit
conversions uploaded
[redacted] [redacted] [redacted] [redacted] 627400284 35233906 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-02-02): Tax document 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Document provided for the property. 10:48:21 AM Home - Cash-out
- Other
Seller Comment (2026-02-02): taxes are on ICR
uploaded
[redacted] [redacted] [redacted] [redacted] 627400284 35233911 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. required for foreign borrowers. 10:40:18 AM Home - Cash-out
- Other
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400284 35236757 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were [redacted]due to missing REO tax verification document. Reviewer Comment (2026-02-02): Tax document 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Discrepancy / not met provided for the property. 10:47:16 AM Home - Cash-out
Guidelines - Other
Discrepancy Seller Comment (2026-02-02): taxes provided
[redacted] [redacted] [redacted] [redacted] 627400284 35236762 Credit Income / Income Income / Income Docs Missing: - Missing Verification of Employment within [redacted] Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment business days of Note. required for foreign borrowers. 10:40:00 AM Home - Cash-out
- Other
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400284 35236771 Credit Income / Income Income / Income documentation requirements not met. Missing verification of employment. Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment required for foreign borrowers. 10:38:22 AM Home - Cash-out
- Other
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400284 35236826 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): [redacted]due to missing employment verification. Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not required for foreign borrowers. 10:42:02 AM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Risk. - Other ATR/QM Loan
Seller Comment (2026-02-02): provided please Designation
clear
[redacted] [redacted] [redacted] [redacted] 627400284 35236827 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing employment verification. Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, required for foreign borrowers. 10:42:02 AM Home - Cash-out
the loan is at ATR risk. - Other
Seller Comment (2026-02-02): provided please
clear
[redacted] [redacted] [redacted] [redacted] 627400284 35236828 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted]due to missing employment verification. Reviewer Comment (2026-02-02): Vvoe not 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or required for foreign borrowers. 10:39:18 AM Home - Cash-out
asset doc requirements which could result in a risk - Other
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-02): provided please
eligible to be regraded with compensating factors.) clear
[redacted] [redacted] [redacted] [redacted] 627400285 35237882 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400285 35237883 Compliance TRID Document Error TRID Closing Disclosure: Dates are not in - Issue Date: ___; Received Date: ___; Signed Date: Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NY Investment Refinance N/A N/A No
chronological order. ___ 8:49:55 AM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400285 35238040 Credit Income / Income Income / Income Docs Missing: - ___ Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] 3:25:20 PM - Cash-out
- Other
Seller Comment (2026-01-21): n/XX/w2
[redacted] [redacted] [redacted] [redacted] 627400285 35238137 Credit Income / Income Income / The verification of employment is required - The verification of employment is required and was not Reviewer Comment (2026-01-22): Provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. found in file. Please provide for review. 3:25:05 PM - Cash-out
Seller Comment (2026-01-21): foriegn cpa - Other
letter
[redacted] [redacted] [redacted] [redacted] 627400285 35238138 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. Please provide for review. [redacted] 3:22:55 PM - Cash-out
- Other
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400285 35240078 Credit Asset Asset Asset Asset documentation requirements not met. Missing currency exchange for assets Reviewer Comment (2026-01-22): Provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation 3:24:22 PM - Cash-out
Seller Comment (2026-01-21): uploaded - Other
Seller Comment (2026-01-21): conversions
uploaded
[redacted] [redacted] [redacted] [redacted] 627400285 35240079 Credit Income / Income Income / Income documentation requirements not met. Missing income documents Reviewer Comment (2026-01-22): Provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment 3:24:49 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400285 35257898 Credit Loan Package Application / Missing Missing Document: Approval not provided Approval not provided. Reviewer Comment (2026-01-22): Provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Documentation Processing Document 3:24:39 PM - Cash-out
Seller Comment (2026-01-21): u/w worksheet - Other
uploaded
[redacted] [redacted] [redacted] [redacted] 627400286 35260275 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400286 35260294 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:51:58 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400286 35260295 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:51:58 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400286 35263036 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days 2:50:20 PM Home
[redacted] [redacted] [redacted] [redacted] 627400286 35263050 Credit Income / Income Income / Income documentation requirements not met. Income documentation requirements not met due to Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment Verification(s) of employment is not within [redacted] guidelines. 5:38:50 PM Home
calendar days of the Note.
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400286 35263062 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are There is guideline deficiencies related to income and/or Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or asset doc requirements which could result in a risk to guidelines. 5:39:44 PM Home
asset doc requirements which could result in a risk the borrower's ability to repay due to Verification(s)
to the borrower's ability to repay. (Exception is of employment is not within [redacted] calendar days of Seller Comment (2026-01-20): Foreign borrowers
eligible to be regraded with compensating factors.) the Note. with income outside of the [redacted] will
not have a VOE, per [redacted] product
guidelines a written verification of
employment only is obtained.
[redacted] [redacted] [redacted] [redacted] 627400286 35263501 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non-QM does not match Due Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Risk due to guidelines. 5:40:15 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. Verification(s) of employment is not within [redacted] ATR/QM Loan
calendar days of the Note. Seller Comment (2026-01-20): General ATR (Not Designation
QM){ellipsis}Foreign National working outside
of the US and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400286 35263502 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, components, the loan is at ATR risk due due to guidelines. 5:40:15 PM Home
the loan is at ATR risk. Verification(s) of employment is not within [redacted]
calendar days of the Note. Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400286 35480202 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 5:38:56 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400287 35252460 Credit Income / Income Missing REO Documents are missing. - Tax Verification is missing for [redacted] [redacted] Reviewer Comment (2026-01-29): ICR provided, 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document [redacted] [redacted] , [redacted] . cleared. 12:37:09 PM Home
Seller Comment (2026-01-27): see credit report
[redacted] [redacted] [redacted] [redacted] 627400287 35252481 Credit Income / Income Missing REO Documents are missing. - Tax Verification is missing for [redacted] [redacted] Reviewer Comment (2026-01-29): ICR provided, 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document [redacted] [redacted] , [redacted] [redacted] cleared. 12:37:14 PM Home
Seller Comment (2026-01-27): international
credit report shows both properties
Seller Comment (2026-01-27): see credit report
[redacted] [redacted] [redacted] [redacted] 627400287 35252484 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Most Recent Property Inspection Report is missing after Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; disaster. Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400287 35252548 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence cleared. 5:17:55 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): Conversion
attached
[redacted] [redacted] [redacted] [redacted] 627400287 35252549 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to currency converter associated Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably cleared. 5:17:55 PM Home
reliable third-party records.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Conversion
attached
[redacted] [redacted] [redacted] [redacted] 627400287 35252550 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent No valid COC or lender credit provided to borrower Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final 8:30:31 AM Home Refund Provide
Lender Credit of $[redacted] exceeds tolerance of the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400287 35252552 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No valid COC or lender credit provided to borrower Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for General Counsel 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400287 35252553 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 5:17:55 PM Home
[redacted] [redacted] [redacted] [redacted] 627400288 35233187 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM - Limited
FEMA disaster. Disaster Declaration Date: ___; review date Cash-out
Disaster End Date: ___ GSE
[redacted] [redacted] [redacted] [redacted] 627400288 35238057 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 2:53:18 PM - Limited
Cash-out
GSE
[redacted] [redacted] [redacted] [redacted] 627400288 35238058 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 2:53:24 PM - Limited
Cash-out
GSE
[redacted] [redacted] [redacted] [redacted] 627400288 35480223 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:04:47 PM - Limited
Cash-out
Seller Comment (2026-01-16): Foreign borrowers GSE
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400288 35480224 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-16): Okay per 1/XX/2026 1 A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:04:52 PM - Limited
Cash-out
Seller Comment (2026-01-16): Foreign borrowers GSE
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400289 35255042 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): BPO provided, 2/XX/2026 1 C A TX Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a cleared. 2:57:49 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400289 35255060 Credit Income / Income Missing REO Documents are missing. - [redacted], [redacted] [redacted], [redacted] property Reviewer Comment (2026-01-23): Received 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Employment Documentation Document HOA Verification, Insurance Verification, Tax statements 1:33:02 PM
Verification document missing in file
Seller Comment (2026-01-22): uploaded
[redacted] [redacted] [redacted] [redacted] 627400289 35255068 Credit Income / Income Missing REO Documents are missing. - Block [redacted] XXX [redacted] XXX, Hong Kong property Reviewer Comment (2026-01-23): Received 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Employment Documentation Document HOA Verification, Insurance Verification, mortgage statements 1:32:55 PM
document Tax Verification document missing in file
Seller Comment (2026-01-22): uploaded
[redacted] [redacted] [redacted] [redacted] 627400289 35255193 Credit Income / Income Income / The verification of employment is required - Employment letter used to verify income is dated Reviewer Comment (2026-01-28): Guideline reqs 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. [redacted], more than [redacted] calendar days prior to met. 11:47:10 PM
Closing Date of [redacted]
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400289 35255194 Credit Income / Income Income / Verification(s) of employment is not within - Employment letter used to verify income is dated Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted], more than [redacted] calendar days prior to business days. 1:53:54 AM
Closing Date of [redacted]
[redacted] [redacted] [redacted] [redacted] 627400289 35484777 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-23): Not required 1/XX/2026 1 A TX Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. upon further review 1:33:58 PM
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400290 35230548 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Per guidelines, qualifying rate is Note greater of note Reviewer Comment (2026-01-20): After further 1/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not rate +[redacted]% of fully indexed rate. review, exception cleared. 9:31:07 PM -
match the ATR payment calculation methods under Rate/Term
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400290 35230551 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points were not disclosed on the initial Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Loan Estimate. A valid change of circumstance is not 8:45:40 AM - Refund Provide
Points. Fee Amount of $[redacted] exceeds provided for disclosure of the new fee, and no evidence Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal of tolerance cure is provided. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400290 35230552 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reinspection Fee was not disclosed on the initial Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Estimate. A valid change of circumstance is not 8:45:40 AM - Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds provided for disclosure of the new fee, and no evidence Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal of tolerance cure is provided. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400290 35231407 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Guidelines only allow $[redacted]k cash to borrower on Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
Issue greater than the lesser of [redacted]% of Refi Purpose: ___ rate/term refi. guidelines. 9:27:48 PM -
the loan amount or $[redacted] Rate/Term
Seller Comment (2026-01-20): The condition for
this loan reads as follows---Cash back at
closing may not exceed the greater of
[redacted] of the total loan amount or
[redacted]. The greater of [redacted] of the
loan amount [redacted] is [redacted]and the
borrower received less than this amount @
Closing.
[redacted] [redacted] [redacted] [redacted] 627400290 35231408 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-20): Provided and 1/XX/2026 1 C A CA Primary Refinance Non QM Non QM No
documented in file. cleared. 9:29:33 PM -
Rate/Term
Seller Comment (2026-01-20): Rate Lock dates
for loan attached.
[redacted] [redacted] [redacted] [redacted] 627400290 35231410 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-20): Provided and 1/XX/2026 1 B A CA Primary Refinance Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor cleared. 9:31:07 PM -
Application Date and Transaction Date used to Rate/Term
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400292 35230513 Credit Credit General Credit Initial Rate Lock rate date is not Rate lock not provided Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A NV Primary Purchase Non QM Non QM No
documented in file. cleared. 4:53:52 PM
Seller Comment (2026-01-27): lock date
Seller Comment (2026-01-27): see lock screen
[redacted] [redacted] [redacted] [redacted] 627400292 35230518 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NV Primary Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor removed from testing per attestation. 4:54:50 PM
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400292 35230519 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NV Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 9:47:02 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400292 35230520 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NV Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:54:50 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400292 35230522 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Credit Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NV Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Report Fee. Fee Amount of $[redacted] exceeds tolerance 9:51:32 AM Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
of $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400292 35230523 Credit Income / Income Income / Verification(s) of employment is not within - Borrower: [redacted] /XX/ Employment Type: Employment Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 C A NV Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. /XX/ Start Date: [redacted] guidelines. 5:00:54 PM
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400294 35253924 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400294 35254015 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC is not provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document 8:45:40 AM Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400295 35252788 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - Disclosures: Amount of Estimated Property Costs 7:58:07 AM Home - Cash-out Explanation &
[redacted][redacted] over Year [redacted] of on Final Closing - Other Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400295 35252793 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan is missing most recent signed, dated Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted]s,Audited YTD P&L, business tax transcripts, [redacted] guidelines 5:33:22 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. causing the loan designation discrepancies. - Other ATR/QM status
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): [redacted], no
tax returns or P&L, CPA letter used for income
and attached
[redacted] [redacted] [redacted] [redacted] 627400295 35252794 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Loan is missing most recent signed, dated Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable [redacted]s,Audited YTD P&L, business tax transcripts, [redacted] guidelines 5:33:22 PM Home - Cash-out
third-party records. causing the loan to [redacted]through the QM Testing. - Other
Seller Comment (2026-02-10): [redacted], no
tax returns or P&L, CPA letter used for income
and attached
[redacted] [redacted] [redacted] [redacted] 627400295 35252795 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Loan is missing most recent signed, dated Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted]s,Audited YTD P&L, business tax transcripts, [redacted] guidelines 5:33:22 PM Home - Cash-out
causing the loan to [redacted]through the QM Testing. - Other
[redacted] [redacted] [redacted] [redacted] 627400295 35252796 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on disclosed on page [redacted] the loan will have an 8:01:57 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account however, there are no escrows disclosed - Other Corrected
will have an escrow account. on page [redacted] section G. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400295 35252797 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on disclosed on page [redacted] the loan will have an 8:03:43 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account however, there are no escrows disclosed - Other Corrected
will have an escrow account. on page [redacted] section G. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400295 35252799 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400295 35252802 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-23): Provided and 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Document cleared. 12:28:13 PM Home - Cash-out
- Other
Seller Comment (2026-01-21): taxes are on
credit report
[redacted] [redacted] [redacted] [redacted] 627400297 35253906 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of DTI [redacted]% exceeds Guideline total debt ratio of Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-20): Approved DTI 1/XX/2026 2 C B NY Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted]%. $[redacted] XXX exception from origination provided. 7:18:06 PM
Guidelines Borrower has worked in the same position for more than XXX
Discrepancy [redacted] years. XXX Seller Comment (2026-01-20): DTI is [redacted]
Borrower's monthly reserves have been verified and XXX and was approved by Manager per attached.
exceed the amount required based on the guidelines by XXX
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
[redacted] [redacted] [redacted] [redacted] 627400297 35253919 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days 9:43:18 AM
[redacted] [redacted] [redacted] [redacted] 627400297 35487162 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:17:08 PM
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400298 35253597 Compliance Compliance Federal Other TILA TILA NMLSR - Individual Originator License Truth in Lending Act (NMLSR Dodd- Frank Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B IL Second Purchase Non QM Non QM No
Compliance Violations Status Not Approved [redacted]): Individual Loan Originator not in 7:29:05 AM Home
approved license status to conduct loan origination
activities.
[redacted] [redacted] [redacted] [redacted] 627400298 35253599 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Insufficient or no cure provided to the borrower at Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B IL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] closing. No valid COC provided for change 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400298 35253659 Credit Income / Income Income / Verification(s) of employment is not within - VVOE within [redacted] Calender days of Note is missing. Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A IL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 3:15:27 PM Home
[redacted] [redacted] [redacted] [redacted] 627400298 35480427 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 A IL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 3:21:46 PM Home
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400299 35251927 Credit Income / Income Missing REO Documents are missing. - Missing Tax Verification not provided Reviewer Comment (2026-01-29): Taxes on ICR. 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document 1:22:45 PM Home
Seller Comment (2026-01-27): international
credit report
[redacted] [redacted] [redacted] [redacted] 627400299 35251936 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Most Recent Valuation Inspection date: [redacted]; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Disaster end date: [redacted] Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400299 35251937 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [Redacted] Disclosures: Amount of Estimated Property Costs 7:58:07 AM Home Explanation &
[redacted] over Year [redacted] of on Final Closing Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400299 35251940 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-29): CPA Letter with 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not calendar days of note date Income, [redacted] 1:27:40 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400299 35251941 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-29): CPA Letter with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably calendar days of note date Income, [redacted] 1:27:40 PM Home
reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400299 35251942 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-29): CPA Letter with 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendar days of note date Income, [redacted] 1:27:40 PM Home
[redacted] [redacted] [redacted] [redacted] 627400299 35251944 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided incorrectly disclosed Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on whether the loan will have an escrow account. 8:01:57 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400299 35251945 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided incorrectly disclosed Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on whether the loan will have an escrow account. 8:03:43 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400299 35251946 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC for the fee increase was not provided or a Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Service Charges. sufficient cure. 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400299 35254573 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-29): CPA Letter with 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment Income. 1:24:55 PM Home
Seller Comment (2026-01-27): CPA letter
[redacted] [redacted] [redacted] [redacted] 627400299 35254582 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-29): CPA Letter 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, calendar days of note date provided. 1:25:47 PM Home
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400300 35253782 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400300 35253851 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Financed limit exceed appraisal management fee Reviewer Comment (2026-01-20): Updated fee 1/XX/2026 1 B A CT Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on name, cleared. 11:43:48 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400300 35253852 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Financed limit exceed appraisal management fee Reviewer Comment (2026-01-20): Updated fee 1/XX/2026 1 B A CT Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on name, cleared. 11:43:48 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400300 35253853 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid COC Missing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CT Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document 8:45:40 AM Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400301 35253056 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400301 35253354 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted]due to WVOE not dated within [redacted] days Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A FL Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not of Note date. cleared. 5:09:54 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-02-10): All documentation
obtained for the purpose of verifying assets,
employment/income and credit
history (the credit report) shall be no more
than [redacted] days old on the date the Note
is signed. Loan
documentation expiration date must be derived
from the oldest date of the most current
reviewed
credit documents (e.g., Paystubs, Credit
Report, Assets).
[redacted] [redacted] [redacted] [redacted] 627400301 35253355 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted]due to WVOE not dated within [redacted] days Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Wages to verify income due to, WVOE provided was dated of Note date. cleared. 5:09:54 PM Home - Cash-out
more than [redacted] days prior to closing. - Other
Seller Comment (2026-02-10): Per Guidelines:
All documentation obtained for the purpose of
verifying assets, employment/income and credit
history (the credit report) shall be no more
than [redacted] days old on the date the Note
is signed. Loan
documentation expiration date must be derived
from the oldest date of the most current
reviewed
credit documents (e.g., Paystubs, Credit
Report, Assets).
[redacted] [redacted] [redacted] [redacted] 627400301 35253356 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted]due to WVOE not dated within [redacted] days Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 A A FL Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. of Note date. cleared. 5:09:54 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400301 35253357 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] A valid COC for the fee increase was not provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM Home - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds - Other the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400302 35254506 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is in a FEMA disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos, and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared Disaster End Date.
[redacted] [redacted] [redacted] [redacted] 627400302 35254622 Credit Income / Income Missing REO Documents are missing. - Insurance and Tax Verification not provided. Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Document cleared. Verification provided. 12:21:43 PM Home
Seller Comment (2026-01-21): see attached for
taxes
[redacted] [redacted] [redacted] [redacted] 627400302 35254726 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 4:56:26 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400302 35254729 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Re-Issue Fee was not disclosed on Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Estimate. File does not contain a valid COC for this 8:45:40 AM Home Refund Provide
Re-Issue Fee. Fee Amount of $[redacted] exceeds fee, nor evidence of cure. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400303 35255655 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclosed an Amount Financed disclosed an inaccurate name, cleared. 7:59:09 PM - Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Amount Financed. The disclosed Amount Financed in the Rate/Term - Provide the
an inaccurate Amount Financed. The disclosed Amount amount of $[redacted] is over disclosed by $[redacted] following:
Financed in the amount of $[redacted] is over compared to the calculated Amount Financed of Letter of
disclosed by $[redacted] compared to the calculated $[redacted] and the disclosed Finance Charge is not Explanation,
Amount Financed of $[redacted] and the disclosed accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]) and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400303 35255656 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-19): Updated fee 1/XX/2026 1 B A NY Primary Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page name, cleared. 7:59:09 PM - Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge Rate/Term - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400303 35255682 Credit Income / Income Missing REO Documents are missing. - HOA Verification is missing. Reviewer Comment (2026-01-27): HOA Doc 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Employment Documentation Document provided. 4:39:36 PM -
Rate/Term
Seller Comment (2026-01-26): HOA for property
referenced.
[redacted] [redacted] [redacted] [redacted] 627400303 35255692 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. The disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted]. Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400303 35255736 Credit Loan Package Application / Missing Missing Document: Approval not provided Provide full Approval document with all conditions as it Reviewer Comment (2026-01-27): Approval 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Documentation Processing Document is missing. provided. 4:41:08 PM -
Rate/Term
Seller Comment (2026-01-26): Final worksheet
attached, UW approved loan since within
lending authority.
Seller Comment (2026-01-26): See attached
Final worksheet which indcated the approval
since within lending authority for UW.
[redacted] [redacted] [redacted] [redacted] 627400303 35255763 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Primary Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Risk. review, exception cleared. 2:53:52 PM - provide updated
match Due Diligence Loan Designation of ATR Risk. Rate/Term ATR/QM Loan
Seller Comment (2026-01-26): LOan designation Designation
is General ATR (Not QM).
[redacted] [redacted] [redacted] [redacted] 627400303 35255764 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI DTI variance due to higher PITIA for second home and Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders inclusion of rent loss. review, exception cleared. 2:53:52 PM -
Guidelines Guidelines and [redacted](c)([redacted]) of Rate/Term
[redacted]% significantly exceeds the guideline Seller Comment (2026-01-26): Second home
maximum of [redacted]%. (DTI Exception requires located at [redacted] Sosta Ln. Unit
compelling compensating factors to consider [redacted] is escrowed for taxes & insurance
regrading to EV[redacted]-B.) per attached mortgage stmt with an HOA monthly
fee (previoulsy attached) of [redacted].Total
PITIA is [redacted]...DTI calcuted by UW is
under [redacted]
[redacted] [redacted] [redacted] [redacted] 627400303 35255765 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying DTI variance due to higher PITIA for second home and Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Discrepancy / total debt ratio discrepancy. inclusion of rent loss. review, exception cleared. 2:44:51 PM -
Guidelines Rate/Term
Discrepancy Seller Comment (2026-01-26): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400303 35256087 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A NY Primary Refinance Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, components, the loan is at ATR risk. review, exception cleared. 2:53:52 PM -
the loan is at ATR risk. Rate/Term
Seller Comment (2026-01-26): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400305 35255421 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Post Disaster Inspection report not provided after Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Disaster End Date. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400305 35259134 Credit Income / Income Income / Income Docs Missing: - [redacted] Tax Returns or Tax extension is missing in Reviewer Comment (2026-01-22): After further 1/XX/2026 1 C A NJ Investment Purchase N/A N/A No
Employment Documentation Employment file for S-Corp [redacted]. review, exception cleared. 7:53:57 PM
Seller Comment (2026-01-21): see app date
Seller Comment (2026-01-21): borrower app date
[redacted] - prior to the [redacted] of
[redacted] so [redacted] and [redacted]
required
[redacted] [redacted] [redacted] [redacted] 627400306 35254999 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. further review 4:48:35 PM
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400306 35255000 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days 2:51:51 PM
[redacted] [redacted] [redacted] [redacted] 627400306 35480219 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-16): Cleared after 1/XX/2026 1 A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review 4:48:26 PM
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400307 35252660 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Credit Report Re-issue Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Home - Cash-out Refund Provide
Re-Issue Fee. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid COC - Other the Following:
tolerance of $[redacted] $[redacted] over legal for this fee, nor evidence of cure in file. Provide a Letter of
limit. Insufficient or no cure was provided to the post-close CD disclosing the tolerance cure to include Explanation,
borrower. $[redacted] a copy of refund check, proof of delivery, Proof of
and a copy of the letter of explanation sent to the Delivery, Copy
borrower disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400307 35252737 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in FEMA Disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date - Other
Disaster End Date: ___ the property must be re-inspected on or after declared
Most Recent Valuation Inspection Date: ___; end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400308 35253629 Credit Income / Income Missing REO Documents are missing. - Tax and Insurance Verification Not provided Reviewer Comment (2026-02-10): Doc provided 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document and cleared 1:23:01 PM Home
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Taxes were taken
from ICR and there is no HOA or HOI
[redacted] [redacted] [redacted] [redacted] 627400308 35253696 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. further review 1:20:00 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): Taxes were taken
from ICR and there is no HOA or HOI
[redacted] [redacted] [redacted] [redacted] 627400308 35253697 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. further review 1:20:00 PM Home
third-party records.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): CPA income letter
attached
[redacted] [redacted] [redacted] [redacted] 627400308 35253698 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. further review 1:20:00 PM Home
[redacted] [redacted] [redacted] [redacted] 627400308 35253699 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR Irregular TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-26): Cured on PCCD, 1/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Transaction Calculations: Final Closing Disclosure provided on [redacted] did not disclose the APR already reporting as EV2. 4:16:22 PM Home Disclosure Cure
[redacted] did not disclose the APR. - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400308 35253700 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Contact TILA-RESPA Integrated Disclosure - Contact Contact Information: Final Closing Disclosure provided Reviewer Comment (2026-01-26): Cured on PCCD, 1/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Information - Lender Information: Final Closing Disclosure provided on on [redacted] did not disclose the required Lender already reporting as EV2. 4:15:13 PM Home Explanation &
[redacted] did not disclose the required Lender Contact Information Corrected
Contact Information (Lender Name, Lender NMLS ID, Closing
Contact Name, Contact NMLS ID). Disclosure
[redacted] [redacted] [redacted] [redacted] 627400308 35253701 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-26): Cured on PCCD, 1/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] did not disclose the Finance Charge already reporting as EV2. 4:15:26 PM Home Disclosure Cure
[redacted] did not disclose the Finance Charge. - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400308 35253702 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-01-26): Cured on PCCD, 1/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on [redacted] did not disclose the Total of Payments. already reporting as EV2. 4:15:40 PM Home Disclosure Cure
[redacted] did not disclose the Total of Payments. - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400308 35253703 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Without Sufficient Cure Provided Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Service Charges. 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400309 35252949 Credit Income / Income Income / Verification(s) of employment is not within - This file was missing a copy of VVOE. Per guidelines, Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. Verbal Verification of Employment VVOE completed within business days. 2:55:38 PM -
[redacted] days of calendar days of note must be Rate/Term
provided.
[redacted] [redacted] [redacted] [redacted] 627400309 35480236 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-23): WVOE OK per 1/XX/2026 1 A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guides [redacted]. 10:28:44 AM -
Rate/Term
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400310 35252479 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in FEMA Disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared end date.
[redacted] [redacted] [redacted] [redacted] 627400310 35252480 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in FEMA Disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photos and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared end date.
[redacted] [redacted] [redacted] [redacted] 627400310 35252675 Credit Income / Income Income / Verification(s) of employment is not within - Verbal verification of employment is not within Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted] calendar days of the Note. business days. 1:55:53 AM
[redacted] [redacted] [redacted] [redacted] 627400310 35256318 Credit Income / Income Income / Income documentation requirements not met. Verbal verification of employment is not within Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. guidelines 12:01:45 PM
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400310 35256321 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Verbal verification of employment is not within Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Discrepancy / not met [redacted] calendar days of the Note. guidelines. 12:04:27 PM
Guidelines
Discrepancy Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400310 35484792 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 12:04:43 PM
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400312 35253876 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400312 35253981 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NC Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:00:01 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400312 35253982 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NC Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:00:01 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400312 35254007 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 9:28:20 AM Home
[redacted] [redacted] [redacted] [redacted] 627400312 35254008 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 9:28:20 AM Home
[redacted] [redacted] [redacted] [redacted] 627400312 35486980 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A NC Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:23:25 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400312 35486981 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A NC Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:23:21 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400313 35272045 Credit Income / Income Missing REO Documents are missing. - ___ The file is missing a copy of Insurance Verification and Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B MD Primary Purchase Non QM Non QM No
Employment Documentation Document Tax Verification. more than [redacted] years. XXX to regrade and waive 9:43:30 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-05): Assigned to
Borrower has worked in the same position for more than XXX buyer, seller agrees with finding.
[redacted] years. XXX
Borrower's monthly reserves have been verified and Seller Comment (2026-02-05): Send to Buyer
exceed the amount required based on the guidelines by
at least [redacted] months. Seller Comment (2026-02-05): that [redacted]
Borrowers made a down payment from their own funds on is unable to provide and agrees with
this purchase transaction of at least [redacted]% and exception.
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400313 35272050 Credit Income / Income Missing REO Documents are missing. - ___ The file is missing a copy of HOA Verification. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B MD Primary Purchase Non QM Non QM No
Employment Documentation Document more than [redacted] years. XXX to regrade and waive 9:43:40 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-05): Assigned to
Borrower has worked in the same position for more than XXX buyer, seller agrees with finding.
[redacted] years. XXX
Borrower's monthly reserves have been verified and Seller Comment (2026-02-05): Send to Buyer
exceed the amount required based on the guidelines by
at least [redacted] months. Seller Comment (2026-02-05): [redacted] is
Borrowers made a down payment from their own funds on unable to provide and agrees with exception.
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400313 35272054 Credit Income / Income Missing REO Documents are missing. - ___ The file is missing a copy of Insurance Verification. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B MD Primary Purchase Non QM Non QM No
Employment Documentation Document more than [redacted] years. XXX to regrade and waive 9:43:49 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-05): Assigned to
Borrower has worked in the same position for more than XXX buyer, seller agrees with finding.
[redacted] years. XXX
Borrower's monthly reserves have been verified and Seller Comment (2026-02-05): [redacted] is
exceed the amount required based on the guidelines by unable to provide and agrees with exception.
at least [redacted] months.
Borrowers made a down payment from their own funds on Seller Comment (2026-02-05): Disregard
this purchase transaction of at least [redacted]% and previous comment - incorrect property
$[redacted]
The qualifying DTI on the loan is at least [redacted]% Seller Comment (2026-02-05): Borrower email -
less than the guideline maximum. No HOI on property.
Seller Comment (2026-02-05): International
Credit Report showing property taxes for
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400313 35272424 Credit Income / Income Income / Income Docs Missing: - The file is missing a copy of K-[redacted] for Reviewer Comment (2026-02-05): Okay per 2/XX/2026 1 C A MD Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] and [redacted] [redacted] for [redacted] and [redacted] guidelines 4:17:01 PM
[redacted].
Seller Comment (2026-02-05): CPA Letter - Co-
Borrower [redacted] owner, includes YTD,
[redacted], and [redacted] income.
Seller Comment (2026-02-05): CPA Letter -
Borrower [redacted] owner, includes YTD,
[redacted], and[redacted] income.
[redacted] [redacted] [redacted] [redacted] 627400313 35272467 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Most recent tax returns are missing in file. Reviewer Comment (2026-02-05): Okay per 2/XX/2026 1 C A MD Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted] guidelines 4:17:46 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400313 35272468 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Most recent tax returns are missing in file. Reviewer Comment (2026-02-05): Okay per 2/XX/2026 1 C A MD Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable [redacted] guidelines 4:17:46 PM
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400313 35272469 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-02-05): Okay per 2/XX/2026 1 C A MD Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted]or more guideline components, the loan is at ATR risk. [redacted] guidelines 4:17:46 PM
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400313 35272470 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-05): Okay per 2/XX/2026 1 A A MD Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines 4:17:46 PM
[redacted] [redacted] [redacted] [redacted] 627400313 35272471 Compliance Compliance State Misc. State Maryland Counseling Agencies Disclosure Not [redacted][redacted] - No evidence of required No evidence of required counseling disclosure language Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B MD Primary Purchase Non QM Non QM No
Compliance Level in File counseling disclosure language per [redacted] per [redacted] [redacted]. 9:44:13 AM
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400313 35272472 Compliance Compliance State State Defect Maryland Ability to Repay Not Verified [redacted] SB[redacted]: File does not contain File does not contain evidence that analysis of Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B MD Primary Purchase Non QM Non QM No
Compliance evidence that analysis of borrower's ability to borrower's ability to repay was performed based on 9:44:23 AM
repay was performed based on verified income, verified income, obligations, assets, and/or employment
obligations, assets, and/or employment using PITI using PITI payment based on fully indexed rate, if
payment based on fully indexed rate, if applicable. applicable.
[redacted] [redacted] [redacted] [redacted] 627400313 35272474 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-23): waived 2/XX/2026 2 B B MD Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] of $[redacted] exceeds tolerance of $[redacted] plus 9:44:32 AM Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
or $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400313 35272475 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B MD Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 9:44:39 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400313 35272476 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-23): waive 2/XX/2026 2 B B MD Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 9:44:46 AM Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400315 35251716 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400315 35251800 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted] employer third party document not provided in Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A NJ Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not file [redacted] guidelines. 4:48:21 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): CPA Income letter
attached
[redacted] [redacted] [redacted] [redacted] 627400315 35251801 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] employer third party document not provided in Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A NJ Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable file [redacted] guidelines. 4:48:21 PM Home
third-party records.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): CPA Income letter
attached
[redacted] [redacted] [redacted] [redacted] 627400315 35251802 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] employer third party document not provided in Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 A A NJ Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. file [redacted] guidelines. 4:48:21 PM Home
[redacted] [redacted] [redacted] [redacted] 627400315 35251803 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Total of payments under disclosed $[redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 10:28:51 AM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400315 35251804 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Survey Fee increased on [redacted] closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Survey disclosure with no valid change evident. 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400316 35253956 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400316 35254199 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] - Verification of employment is not within Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted] calendar days of the Note. business days 9:45:05 AM Home
[redacted] [redacted] [redacted] [redacted] 627400316 35487188 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 3:18:17 PM Home
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400317 35256077 Credit Income / Income Missing REO Documents are missing. - ___ Hazard Insurance and Tax information is missing. Reviewer Comment (2026-02-02): Provided and 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document cleared. 9:04:43 PM Home
Seller Comment (2026-01-30): doc attached
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): No insurance, HOA
& Taxes attached
[redacted] [redacted] [redacted] [redacted] 627400317 35256143 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of [redacted]due to calculated investor qualifying total Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-02): Approved DTI 2/XX/2026 2 C B FL Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. debt ratio of [redacted]% exceeds Guideline total debt more than [redacted] years. XXX exception provided from origination. 9:07:36 PM Home
Guidelines ratio of [redacted]% for Non Traditional Credit. Borrower has worked in the same position for more than XXX
Discrepancy [redacted] years. XXX Reviewer Comment (2026-02-02): EXCEPTION
Borrower's monthly reserves have been verified and HISTORY - Exception Explanation was updated on
exceed the amount required based on the guidelines by [redacted] PRIOR Exception Explanation:
at least [redacted] months. Calculated investor qualifying total debt
Borrowers made a down payment from their own funds on ratio of [redacted] exceeds Guideline total
this purchase transaction of at least [redacted]% and debt ratio of [redacted].
$[redacted]
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained. / Per
the "Credit Requirements" section of the
product guidelines, New to Country borrowers
are eligible for traditional credit
guidelines. FICO score minimums are not
applicable due to the lack of sufficient US
credit data. Borrowers are eligible for the
highest LTV and DTI tier in each occupancy and
loan purpose category.
[redacted] [redacted] [redacted] [redacted] 627400317 35256181 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted] guidelines 9:15:21 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-30): Foreign
nationals, no [redacted] ss#'s, no 1040's
[redacted] [redacted] [redacted] [redacted] 627400317 35256183 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Schedule B verify Interest / Dividend income using reasonably [redacted] guidelines 9:13:12 PM Home
reliable third-party records.
Seller Comment (2026-01-30): foreign
nationals, no us SS#'s no tax returns
[redacted] [redacted] [redacted] [redacted] 627400317 35256184 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing W-[redacted] [redacted] guidelines 9:15:21 PM Home
Paystub, LES, ETS or WVOE.
Seller Comment (2026-01-30): foreign
nationals, no w2's or paystubs
[redacted] [redacted] [redacted] [redacted] 627400317 35256185 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted] guidelines 9:15:21 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-30): foreign
nationals, no w2's or paystubs, or tax returns
[redacted] [redacted] [redacted] [redacted] 627400317 35256186 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI [redacted]due to calculated investor qualifying total Reviewer Comment (2026-02-02): Approved DTI 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders debt ratio of [redacted]% exceeds Guideline total debt exception provided from origination. 9:13:12 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of ratio of [redacted]% for Non Traditional Credit.
[redacted]% significantly exceeds the guideline Seller Comment (2026-01-30): Foreign borrowers
maximum of [redacted]%. (DTI Exception requires with income outside of the [redacted] will not
compelling compensating factors to consider have a VOE, per product guidelines a written
regrading to EV[redacted]-B.) verification of employment is obtained. / Per
the "Credit Requirements" section of the
product guidelines, New to Country borrowers
are eligible for traditional credit
guidelines. FICO score minimums are not
applicable due to the lack of sufficient US
credit data. Borrowers are eligible for the
highest LTV and DTI tier in each occupancy and
loan purpose category.
[redacted] [redacted] [redacted] [redacted] 627400317 35256188 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines 9:15:21 PM Home
[redacted] [redacted] [redacted] [redacted] 627400317 35256189 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Recording fee increased from $[redacted] to $[redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded. Total amount of $[redacted] a difference of $[redacted] without a valid changed 10:06:37 AM Home Refund Provide
exceeds tolerance of $[redacted] plus [redacted]% circumstance document in file. No cure provided. the Following:
or $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400317 35256190 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount point increased from $[redacted] to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount $[redacted] a difference of $[redacted] without a valid 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds changed circumstance document in file. No cure provided. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400317 35256191 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal fee increased from $[redacted] to $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Fee. a difference of $[redacted] without a valid changed 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of circumstance document in file. No cure provided. the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400317 35256192 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Appraisal Re-Inspection increased from $[redacted] to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Appraisal Re-Inspection $[redacted] a difference of $[redacted] without a valid 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance changed circumstance document in file. No cure provided. the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400317 35256193 Compliance Compliance Federal TRID Defect TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Document Preparation fee increased from $[redacted] to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Document Preparation $[redacted] a increase of $[redacted] without a valid 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance changed circumstance document in file. No cure provided. the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400317 35256854 Credit Income / Income Income / Income documentation requirements not met. [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] guidelines 9:09:28 PM Home
Seller Comment (2026-01-30): [redacted], no
tax returns
[redacted] [redacted] [redacted] [redacted] 627400317 35256988 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted]due to [redacted] Tax Returns are missing. Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] guidelines 9:13:12 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-30): [redacted], no
eligible to be regraded with compensating factors.) tax returns
[redacted] [redacted] [redacted] [redacted] 627400317 35705306 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-02): Approved DTI 2/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than [redacted] years. XXX exception provided from origination. 9:13:28 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has worked in the same position for more than XXX
[redacted]% moderately exceeds the guideline [redacted] years. XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower's monthly reserves have been verified and
to be regraded with compensating factors.) exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400319 35255217 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock is not provided Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
documented in file. and cleared 11:52:56 AM -
Rate/Term
Seller Comment (2026-01-21): see lock in
agreement
[redacted] [redacted] [redacted] [redacted] 627400320 35253803 Credit Income / Income Income / The verification of employment is required - Employment Type: Employment /XX/ Start Date: [redacted] Reviewer Comment (2026-01-28): Cleared after 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. The verification of employment is required and was not further review. 5:05:41 PM
found in file.
Seller Comment (2026-01-27): emp letter
Seller Comment (2026-01-27): cert of emp
Seller Comment (2026-01-27): salary
[redacted] [redacted] [redacted] [redacted] 627400320 35253804 Credit Income / Income Income / Verification(s) of employment is not within - Employment Type: Employment /XX/ Start Date: [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. Verification(s) of employment is not within [redacted] business days 2:54:40 PM
calendar days of the Note.
[redacted] [redacted] [redacted] [redacted] 627400320 35480230 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-28): Cleared after 1/XX/2026 1 A NY Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review. 5:05:55 PM
Seller Comment (2026-01-27): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400322 35254231 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days. 2:57:32 PM
[redacted] [redacted] [redacted] [redacted] 627400322 35480245 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 3:19:18 PM
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400323 35254819 Credit Income / Income Missing REO Documents are missing. - Tax and insurance verification for [redacted] [redacted] Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Document was not provided. and cleared 12:20:59 PM
Seller Comment (2026-01-21): hoa ins and tax
Seller Comment (2026-01-21): borrower
purchased a month before this transaction
[redacted] [redacted] [redacted] [redacted] 627400323 35259820 Property Property - Appraisal Data Property - XXX license or certification was not active - Appraisal report date is [redacted] and XXX license Reviewer Comment (2026-02-10): After further 2/XX/2026 1 C A NY Investment Purchase N/A N/A No
Appraisal Integrity Appraisal at the time of the appraisal. issue date is [redacted]. review, exception cleared. 2:09:01 PM
Seller Comment (2026-02-10): XXX was certified
at the time the report was signed and dated
[redacted] [redacted] [redacted] [redacted] 627400326 35244939 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400326 35244990 Credit Missing General Missing Missing Document: Verification of [redacted] Verification of [redacted] Status not provided Reviewer Comment (2026-01-12): VISA provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Document Document Status not provided and cleared. 1:48:40 PM
Seller Comment (2026-01-12): attached
[redacted] visa w/stamp
[redacted] [redacted] [redacted] [redacted] 627400327 35253908 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-30): Rate lock 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. document provided and associated. Exception 11:53:20 AM Home
cleared
Seller Comment (2026-01-28): [redacted] rate
lock screenprint
[redacted] [redacted] [redacted] [redacted] 627400327 35253968 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-30): Rate lock 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor document provided and associated. Exception 11:51:32 AM Home
Application Date and Transaction Date used to cleared
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400327 35253970 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid change of the Following:
tolerance of $[redacted] $[redacted] over legal circumstance. Insufficient or no cure was provided to Letter of
limit. Insufficient or no cure was provided to the the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400327 35253971 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Desk Desk Review Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Review Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid change of the Following:
tolerance of $[redacted] $[redacted] over legal circumstance. Insufficient or no cure was provided to Letter of
limit. Insufficient or no cure was provided to the the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400327 35253972 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Management Company (Appraisal Review). Fee Amount of 8:45:40 AM Home Refund Provide
Management Company (Appraisal Review). Fee Amount $[redacted] exceeds tolerance of $[redacted] without a the Following:
of $[redacted] exceeds tolerance of $[redacted] valid change of circumstance. Insufficient or no cure Letter of
$[redacted] over legal limit. Insufficient or no was provided to the borrower. Explanation,
cure was provided to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400327 35253973 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid change of the Following:
tolerance of $[redacted] $[redacted] over legal circumstance. Insufficient or no cure was provided to Letter of
limit. Insufficient or no cure was provided to the the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400327 35276492 Credit Income / Income Income / Income Docs Missing: - [redacted]due to missing re-verification of business Reviewer Comment (2026-01-30): Verification of 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment entities within [redacted] calendar days of the note employment document is not required for 11:52:54 AM Home
date. foreign income borrowers. Exception cleared
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400327 35276512 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-01-30): Verification of 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of business entities within [redacted] employment document is not required for 11:54:04 AM Home provide updated
match Due Diligence Loan Designation of ATR Risk. calendar days of the note date. foreign income borrowers. Exception cleared ATR/QM Loan
Designation
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400327 35276513 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted]due to missing re-verification of business Reviewer Comment (2026-01-30): Verification of 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline entities within [redacted] calendar days of the note employment document is not required for 11:54:04 AM Home
components, the loan is at ATR risk. date. foreign income borrowers. Exception cleared
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400327 35277636 Credit Income / Income Income / Income documentation requirements not met. Re-verification of business entities was not within Reviewer Comment (2026-01-30): Verification of 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the note date. employment document is not required for 11:52:47 AM Home
foreign income borrowers. Exception cleared
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400327 35277647 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing re-verification of business Reviewer Comment (2026-01-30): Verification of 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or entities within [redacted] calendar days of the note employment document is not required for 11:51:32 AM Home
asset doc requirements which could result in a risk date. foreign income borrowers. Exception cleared
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.) Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400329 35254304 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Escrowed TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Property Costs [redacted] [redacted] Disclosures: Escrowed Property Costs over removed from testing per attestation. 2:26:49 PM Home Explanation &
Underdisclosed - [redacted] [redacted] [redacted] [redacted] of [redacted] on Final Corrected
Closing Disclosure provided on [redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254305 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Escrow Payment Under Disclosed Test Payments: Final Closing Disclosure provided on removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] did not disclose the escrow payment for - Provide the
payment stream [redacted]. following:
Letter of
Explanation,
Proof of
Delivery, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400329 35254306 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254307 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Non Escrow TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Costs [redacted] [redacted] Underdisclosed - Disclosures: Non Escrowed Property Costs over removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] [redacted] [redacted] [redacted] of [redacted] on Final Corrected
Closing Disclosure provided on [redacted] are Closing
underdisclosed. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254308 Compliance Compliance Federal TRID TRID Final Closing Disclosure Principal and TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Interest Change After Closing Testing Final Closing Disclosure provided on [redacted] removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
incorrectly disclosed whether the Principal and - Provide the
Interest Payment can change. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254309 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on removed from testing per attestation. 2:26:49 PM Home Explanation,
[redacted] did not disclose Product. Re-Disclose
Correct
Information
[redacted] [redacted] [redacted] [redacted] 627400329 35254310 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a removed from testing per attestation. 2:26:49 PM Home
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted] ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400329 35254346 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. [redacted] guidelines. 2:20:15 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): Foreign Income -
no paystubs or w2's, CPA Letter provided for
income
[redacted] [redacted] [redacted] [redacted] 627400329 35254347 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/XX/Wages) Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status [redacted] guidelines. 2:20:15 PM Home
using reasonably reliable [redacted]-party records.
Seller Comment (2026-02-10): Foreign Income -
no paystubs or w2's, CPA Letter provided for
income
[redacted] [redacted] [redacted] [redacted] 627400329 35254348 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, missing W-[redacted] Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing W-[redacted] Paystub, LES, ETS or WVOE. ([redacted]/Wages) [redacted] guidelines. 2:20:15 PM Home
Paystub, LES, ETS or WVOE.
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Foreign Income -
no paystubs or w2's, CPA Letter provided for
income
[redacted] [redacted] [redacted] [redacted] 627400329 35254349 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines. 2:20:15 PM Home
[redacted] [redacted] [redacted] [redacted] 627400329 35254350 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed inaccurate Amount Financed. The disclosed Amount - Provide the
an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed following:
Financed in the amount of $[redacted] is over by $[redacted] compared to the calculated Amount Letter of
disclosed by $[redacted] compared to the calculated Financed of $[redacted] and the disclosed Finance Charge Explanation,
Amount Financed of $[redacted] and the disclosed is not accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate (fee amounts included Delivery,
tolerances for Amount Financed to be considered in Amount Financed and Finance Charge calculations are Corrected CD,
accurate (fee amounts included in Amount Financed based on Closing Disclosure dated [redacted]). and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400329 35254351 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR Irregular TILA-RESPA Integrated Disclosure - Loan Loan Calculations: APR of .[redacted]% on Final Closing Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Transaction Calculations: APR of .[redacted]% on Final Closing Disclosure provided on [redacted] is under-disclosed removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
Disclosure provided on [redacted] is under- from the calculated APR of [redacted]% outside of - Provide the
disclosed from the calculated APR of [redacted]% [redacted]% tolerance. following:
outside of [redacted]% tolerance. Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254352 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Contact TILA-RESPA Integrated Disclosure - Contact Contact Information: Final Closing Disclosure provided Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Information - Lender Information: Final Closing Disclosure provided on on [redacted] did not disclose the required Lender removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS Corrected
Contact Information (Lender Name, Lender NMLS ID, Closing
Contact Name, Contact NMLS ID). Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254353 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Escrow Account TILA-RESPA Integrated Disclosure - Loan Loan Disclosures: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Disclosures: Final Closing Disclosure provided on [redacted] did not disclose whether the loan will have removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] did not disclose whether the loan will an escrow account. Corrected
have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254354 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Taxes, Insurance And Assessments Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Taxes, Insurance, and removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] disclosed an Estimated Taxes, Insurance, Assessments payment that does not match the actual - Provide the
and Assessments payment that does not match the payment for the loan. following:
actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254356 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge page [redacted] that does not match the actual Finance - Provide the
on page [redacted] that does not match the actual Charge for the loan. The disclosed Finance Charge in the following:
Finance Charge for the loan. The disclosed Finance amount of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400329 35254357 Compliance Compliance Federal TRID TRID Final Closing Disclosure Interest Rate TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Change After Closing Testing Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the Interest Rate can removed from testing per attestation. 2:26:49 PM Home Explanation &
incorrectly disclosed whether the Interest Rate can change. Corrected
change. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254358 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Loan Term TILA-RESPA Integrated Disclosure - General General Information: Final Closing Disclosure provided Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Information: Final Closing Disclosure provided on on [redacted] disclosed a Loan Term that does not match removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] disclosed a Loan Term that does not the actual loan term for the loan. - Provide the
match the actual loan term for the loan. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254359 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Mortgage TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Payment Payments: Final Closing Disclosure provided on [redacted] did not disclose the mortgage insurance removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] did not disclose the mortgage insurance payment for payment stream [redacted]. - Provide the
payment for payment stream [redacted]. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254360 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Negative TILA-RESPA Integrated Disclosure - Loan initial Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Amortization Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan contains Negative removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] incorrectly disclosed whether the loan Amortization. Corrected
contains Negative Amortization. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254361 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Partial TILA-RESPA Integrated Disclosure - Loan Loan Disclosures: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Payments Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] incorrectly disclosed whether the loan for Partial Payments. Corrected
allows for Partial Payments. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254362 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Projected projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculation Years Payments: Final Closing Disclosure provided on [redacted] did not disclose a range of years. removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] did not disclose a range of years. - Provide the
following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254363 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Principal and TILA-RESPA Integrated Disclosure - Loan Terms: Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Interest Final Closing Disclosure provided on [redacted] [redacted] disclosed a Principal and Interest Payment removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
disclosed a Principal and Interest Payment that that does not match the actual payment for the loan. - Provide the
does not match the actual payment for the loan. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254364 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Taxes TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Included In Escrow Payments: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether property taxes removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] incorrectly disclosed whether property are included in escrow. - Provide the
taxes are included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400329 35254365 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Loan Calculations: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on removed from testing per attestation. 2:26:49 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of page [redacted] that does not match the actual total of - Provide the
Payments on page [redacted] that does not match the payments for the loan (fee amounts included in TOP following:
actual total of payments for the loan (fee amounts calculation are based on Closing Disclosure dated Letter of
included in TOP calculation are based on Closing [redacted]). The disclosed Total of Payments in the Explanation,
Disclosure dated [redacted]). The disclosed Total amount of $[redacted] is under disclosed by $[redacted] Proof of
of Payments in the amount of $[redacted] is under compared to the calculated total of payments of Delivery,
disclosed by $[redacted] compared to the calculated $[redacted] which exceeds the $[redacted] threshold. Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400329 35254366 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan oan Disclosures: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Provide the Non QM Non QM Yes
Compliance Escrow - Monthly Escrow Payment Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that removed from testing per attestation. 2:26:49 PM Home following:
Underdisclosed Test [redacted] disclosed the Monthly Escrow Payment does not match the actual escrow payment for the loan Letter of
that does not match the actual escrow payment for Explanation
the loan. notifying
borrower or
error and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400329 35254367 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Loan Disclosures: Final Closing Disclosure provided on Reviewer Comment (2026-02-10): Incomplete CDs 2/XX/2026 1 B A NY Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will removed from testing per attestation. 2:26:49 PM Home Explanation &
[redacted] incorrectly disclosed whether the loan have an escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400329 35254368 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400329 35254369 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Modification Modification Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance tolerance of $[redacted] $[redacted] over legal limit. the Following:
of $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400330 35252586 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [Redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400333 35245820 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock document not provided. Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
documented in file. and cleared 12:03:45 PM
Seller Comment (2026-01-21): rate lock
[redacted] [redacted] [redacted] [redacted] 627400333 35245852 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor 7:30:30 AM
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400333 35245853 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Document Preparation Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid COC the Following:
tolerance of $[redacted] $[redacted] over legal for this fee; cure not provided at closing. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400333 35245855 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Lender Credits was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final but disclosed as $[redacted] on Final Closing 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid COC for this the Following:
$[redacted] Insufficient or no cure was provided to fee, cure not provided at closing. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400334 35230747 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [Redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400334 35230757 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home - Cash-out
match the ATR payment calculation methods under - Other
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400334 35230767 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. cleared. 4:36:02 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-02-10): Statement and
Conversion attached
[redacted] [redacted] [redacted] [redacted] 627400334 35230768 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify assets using reasonably reliable Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Assets verify assets using reasonably reliable [redacted]- [redacted]-party records. cleared. 4:36:02 PM Home - Cash-out
party records. - Other
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Statement and
Conversion attached
[redacted] [redacted] [redacted] [redacted] 627400334 35230769 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-10): Provided, 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 4:36:02 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400334 35230770 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent [redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 8:30:31 AM Home - Cash-out Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was - Other the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400334 35230771 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home - Cash-out Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal limit. - Other the Following:
[redacted]% or $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400334 35230779 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. for [Redacted] 1:33:57 PM Home - Cash-out
- Other
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400335 35252539 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-20): Updated fee 1/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on disclosed an Amount Financed disclosed an inaccurate name, cleared. 12:22:24 PM Home Disclosure Cure
[redacted] disclosed an Amount Financed disclosed Amount Financed. The disclosed Amount Financed in the - Provide the
an inaccurate Amount Financed. The disclosed Amount amount of $[redacted] is over disclosed by $[redacted] following:
Financed in the amount of $[redacted] is over compared to the calculated Amount Financed of Letter of
disclosed by $[redacted] compared to the calculated $[redacted] and the disclosed Finance Charge is not Explanation,
Amount Financed of $[redacted] and the disclosed accurate within applicable tolerances for Amount Proof of
Finance Charge is not accurate within applicable Financed to be considered accurate Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400335 35252540 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-20): Updated fee 1/XX/2026 1 B A NY Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page name, cleared. 12:22:24 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400335 35252541 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 9:48:49 AM Home
with an increasing payment disclosed the due date payment of interest only that does not match the actual
of the last payment of interest only that does not last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400335 35252543 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Please provide valid COC or cure document for fee amount Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount of $[redacted] 9:51:32 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400335 35252649 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the note date business days. 9:38:18 AM Home
[redacted] [redacted] [redacted] [redacted] 627400335 35252650 Credit Income / Income Income / Verification(s) of employment is not within - Waterfall due to missing vvoe dated within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the note date business days. 9:38:18 AM Home
[redacted] [redacted] [redacted] [redacted] 627400335 35258688 Credit Asset Asset Asset Asset documentation requirements not met. Waterfall due to insufficient asset doc. Guideline Reviewer Comment (2026-01-28): Exception 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Documentation requires [redacted] months bank statement for purchase cleared. Additional bank statements provided. 4:47:57 PM Home
transactions.
Seller Comment (2026-01-27): Please see
attached [Redacted]bank statements for
[Redacted] acct ending in [Redacted] from
[Redacted] thru [Redacted] and transaction
history from [Redacted] thru [Redacted] which
covers [Redacted]+ days.
Seller Comment (2026-01-27): Please see
attached [Redacted] bank statements for
[Redacted] acct ending in [Redacted] from
[Redacted] thru [Redacted] and transaction
history from [Redacted] thru [Redacted] which
covers [Redacted]+ days.
Seller Comment (2026-01-26): Provided
transaction history for [Redacted] [Redacted]
from [Redacted] thru [Redacted] which is
[Redacted] month's history for this account.
Please advise what additionally you are
looking for as this is a full [Redacted] day
history for this account.
Reviewer Comment (2026-01-26): We have the
same statement in the file, guides require
[Redacted] months bank statements for
[Redacted]#, condition remains.
Seller Comment (2026-01-26): Transaction
history from [Redacted] thru [Redacted] (no
transaction history during this period) and
[Redacted] thru [Redacted] attached.
Seller Comment (2026-01-26): Transaction
history from [Redacted] thru [Redacted] (no
transaction history during this period) and
[Redacted]thru [Redacted]attached.
[redacted] [redacted] [redacted] [redacted] 627400335 35258696 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to insufficient asset doc. Guideline Reviewer Comment (2026-01-28): Exception 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not requires [redacted] months bank statement for purchase cleared. Additional bank statements provided. 4:49:45 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. transactions. ATR/QM Loan
Reviewer Comment (2026-01-26): We have the Designation
same statement in the file, guides require
[Redacted] months bank statements for
[Redacted]#, condition remains.
Seller Comment (2026-01-26): See [Redacted].
[redacted] [redacted] [redacted] [redacted] 627400335 35258697 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to insufficient asset doc. Guideline Reviewer Comment (2026-01-28): Exception 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or requires [redacted] months bank statement for purchase cleared. Additional bank statements provided. 4:47:36 PM Home
asset doc requirements which could result in a risk transactions.
to the borrower's ability to repay. (Exception is Reviewer Comment (2026-01-26): We have the
eligible to be regraded with compensating factors.) same statement in the file, guides require
[Redacted] months bank statements for
[Redacted]#, condition remains.
Seller Comment (2026-01-26): See [Redacted].
[redacted] [redacted] [redacted] [redacted] 627400335 35258738 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Per guides require [redacted] months bank statements for Reviewer Comment (2026-01-28): Exception 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline [redacted]# cleared. Additional bank statements provided. 4:49:45 PM Home
components, the loan is at ATR risk.
Reviewer Comment (2026-01-26): We have the
same statement in the file, guides require
[Redacted] months bank statements for
[Redacted]#, condition remains.
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [Redacted] will not
have a VOE, per [Redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400335 35487126 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides, cleared. 4:33:20 PM Home
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [Redacted] will not
have a VOE, per [Redacted]product guidelines a
written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400335 35487127 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides, cleared. 4:34:24 PM Home
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [Redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400336 35253957 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [Redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400337 35262374 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-26): Rate lock 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. provided. 3:59:13 PM Home
Seller Comment (2026-01-26): rate lock
[redacted] [redacted] [redacted] [redacted] 627400337 35262391 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Documentation Processing Incorrect, or [redacted] 8:48:17 AM Home
Incomplete
Final or
Initial 1003
[redacted] [redacted] [redacted] [redacted] 627400337 35262473 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-27): Rate lock 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor provided. 1:49:38 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400337 35262475 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent [redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 8:30:31 AM Home Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400337 35262477 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
[redacted]% or $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400337 35262478 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400337 35262479 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Service Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Service Charges. Charges. Fee Amount of $[redacted] exceeds tolerance of 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. Insufficient the Following:
$[redacted] $[redacted] over legal limit. or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400337 35262480 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Transfer Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. Tax. Fee Amount of $[redacted] exceeds tolerance of 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. Insufficient the Following:
$[redacted] $[redacted] over legal limit. or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400337 35269806 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of note date. guidelines. 3:52:50 PM Home
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[Redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400337 35269807 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of note date. business days 9:46:21 AM Home
[redacted] [redacted] [redacted] [redacted] 627400337 35269813 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not within [redacted] calendar days of note date. guidelines. 3:54:30 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-26): o Foreign Designation
borrowers with income outside of the
[Redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400337 35269815 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or within [redacted] calendar days of note date. guidelines. 3:53:47 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-26): o Foreign
eligible to be regraded with compensating factors.) borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400337 35269824 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline within [redacted] calendar days of note date. guidelines. 3:54:30 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[Redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400337 35269856 Credit Income / Income Income / Income Docs Missing: - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of note date. guidelines. 3:53:00 PM Home
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400337 35487203 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-26): Okay per 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 3:55:04 PM Home
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[Redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400339 35234052 Credit Income / Income Missing REO Documents are missing. - Tax Verification not provided for REO property located Reviewer Comment (2026-02-02): Overseas 2/XX/2026 1 C A TN Investment Purchase N/A N/A No
Employment Documentation Document at [redacted] [redacted]. property. 2:15:21 PM
Seller Comment (2026-02-02): No taxes on this
property
[redacted] [redacted] [redacted] [redacted] 627400339 35234151 Credit Income / Income Income / Verification(s) of employment is not within - Borrower VVOE dated [redacted] is not within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A TN Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days prior to closing date. business days 3:44:27 PM
[redacted] [redacted] [redacted] [redacted] 627400339 35237276 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Tax Verification not provided for REO property located Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A TN Investment Purchase N/A N/A No
Discrepancy / not met at [redacted] [redacted]. review, exception cleared. 2:45:04 PM
Guidelines
Discrepancy Seller Comment (2026-02-04): No taxes on this
property
Reviewer Comment (2026-02-02): Overseas
property.
Seller Comment (2026-02-02): No taxes on this
property
[redacted] [redacted] [redacted] [redacted] 627400339 35237340 Credit Income / Income Income / Income documentation requirements not met. Borrower VVOE dated [redacted] is not within [redacted] Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A TN Investment Purchase N/A N/A No
Employment Documentation Employment calendar days prior to closing date. review, exception cleared. 2:44:31 PM
Seller Comment (2026-02-04): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
Reviewer Comment (2026-02-02): VVOE was not
provided dated within [Redacted] calendar days
of note date.
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400339 35480904 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-02-02): Foreign income 2/XX/2026 1 A TN Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. source. 2:17:24 PM
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400339 35701805 Credit Income / Income Income / Verification(s) of employment is not within - VVOE was not provided dated within [redacted] calendar Reviewer Comment (2026-02-04): After further 2/XX/2026 1 A TN Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. days of note date. review, exception cleared. 2:44:26 PM
Seller Comment (2026-02-04): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400340 35243784 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall due to Foreign national income borrower, tax Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A FL Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not return is not available in file. further review 11:45:00 AM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400340 35243785 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Foreign national income borrower, tax return is not Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably available in file. further review 11:45:08 AM Home - Cash-out
reliable [redacted]-party records. - Other
[redacted] [redacted] [redacted] [redacted] 627400340 35243786 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to Foreign national income borrower, tax Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 A A FL Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. return is not available in file. further review 11:45:15 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400340 35243788 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Re-Inspection Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home - Cash-out Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. - Other the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400340 35250288 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing borrower's [redacted] Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] tax returns and [redacted] Party VOE further review 11:45:24 AM Home - Cash-out
asset doc requirements which could result in a risk - Other
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400340 35250289 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing borrower's [redacted] Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline [redacted] tax returns and Third Party VOE further review 11:45:33 AM Home - Cash-out
components, the loan is at ATR risk. - Other
[redacted] [redacted] [redacted] [redacted] 627400340 35250290 Credit Income / Income Income / Income documentation requirements not met. File is missing borrower's [redacted] [redacted] tax Reviewer Comment (2026-01-23): Cleared after 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Employment Documentation Employment returns and [redacted] Party VOE further review 11:45:43 AM Home - Cash-out
- Other
Seller Comment (2026-01-21): cpa letter
[redacted] [redacted] [redacted] [redacted] 627400341 35236209 Credit Income / Income Missing REO Documents are missing. - ___ The file is missing the mortgage statement and insurance Reviewer Comment (2026-02-02): Provided and 2/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Employment Documentation Document documentation for this property. cleared. 4:42:20 PM - Cash-out
- Other
Buyer Comment (2026-02-02): Please see sellers
comment
Seller Comment (2026-01-30): Send To Buyer
Seller Comment (2026-01-29): seller balloon
note
Seller Comment (2026-01-29): seller financed a
[Redacted] balloon note
Reviewer Comment (2026-01-29): Unable to
verify the entire PITI. If appears part of
the cost was paid in cash and part financed.
The documentation verifying the finance amount
is missing.
Seller Comment (2026-01-27): correspondence
Seller Comment (2026-01-27): regarding
purchase with proceeds from transaction
Seller Comment (2026-01-27): uw worksheet
reserves
[redacted] [redacted] [redacted] [redacted] 627400341 35236291 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Reviewer Comment (2026-01-29): Exception 1/XX/2026 1 C A NJ Investment Refinance N/A N/A No
Discrepancy / discrepancy. cleared. 11:35:47 AM - Cash-out
Guidelines - Other
Discrepancy Seller Comment (2026-01-27): borrower
needed[Redacted] months reserves [Redacted] -
pg [Redacted] of uw worksheet shows total
verified assets of [Redacted]
[redacted] [redacted] [redacted] [redacted] 627400342 35266409 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A SC Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; The appraisal was performed after the FEMA declaration Greater than [Redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; start date but prior to the declared end date. Provide a review date
Disaster End Date: ___ post-disaster inspection dated after the declaration end
date of [redacted]
[redacted] [redacted] [redacted] [redacted] 627400342 35266471 Credit Income / Income Missing REO Documents are missing. - ___ The file is missing a copy of Insurance verification Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elected 2/XX/2026 2 C B SC Investment Purchase N/A N/A No
Employment Documentation Document more than [redacted] years. XXX to regrade and waive 9:58:32 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-06): assign to buyer
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Reviewer Comment (2026-02-03): [Redacted]
Borrower's monthly reserves have been verified and XXX agrees with unable to provided, exception
exceed the amount required based on the guidelines by XXX remains.
at least [redacted] months. XXX
Borrowers made a down payment from their own funds on Seller Comment (2026-02-02): [redacted] is
this purchase transaction of at least [redacted]% and unable to provide and agrees with exception.
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400342 35266546 Credit Income / Income Missing REO Documents are missing. - The file is missing documentation to verify the PITIA. Reviewer Comment (2026-02-03): Mortgage 2/XX/2026 1 C A SC Investment Purchase N/A N/A No
Employment Documentation Document statement provided, cleared. 12:23:31 PM
Seller Comment (2026-01-30): Mortgage stmt for
[Redacted] [redacted], [Redacted].
[redacted] [redacted] [redacted] [redacted] 627400342 35267106 Credit Income / Income Income / The verification of employment is required - This file was missing copy of VVOE. Per guidelines, Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A SC Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. Verbal Verification of Employment VVOE completed within guides, cleared. 12:23:08 PM
[redacted] days of closing must be provided.
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [Redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400342 35267107 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A SC Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guides, cleared. 12:23:14 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [Redacted]product guidelines a
written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400344 35233165 Credit Credit General Credit Initial Rate Lock rate date is not Initial Rate lock document is missing. Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A NJ Second Refinance Non QM Non QM No
documented in file. cleared 4:34:21 PM Home - Cash-out
- Other
Seller Comment (2026-01-16): rate lock screen
for rate lock
[redacted] [redacted] [redacted] [redacted] 627400344 35233287 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Initial Rate lock document is missing. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Refinance Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor 7:30:30 AM Home - Cash-out
Application Date and Transaction Date used to - Other
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400344 35233288 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home - Cash-out
match the ATR payment calculation methods under - Other
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400344 35233289 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected payment stream [redacted] disclosed principal Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on and interest does not match with the calculated 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and principal and interest payment. - Other - Provide the
interest payment for payment stream [redacted] that following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400344 35233290 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected payment stream [redacted] disclosed principal Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on and interest does not match with the calculated 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and principal and interest payment. - Other - Provide the
interest payment for payment stream [redacted] that following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400344 35233291 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Total amount of $[redacted] exceeds tolerance of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of $[redacted] plus [redacted]% or $[redacted] $[redacted] 10:06:37 AM Home - Cash-out Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus over legal limit. Insufficient or no cure was provided - Other the Following:
[redacted]% or $[redacted] $[redacted] over legal to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400344 35233319 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is missing within [redacted] Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NJ Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note business days. 3:00:02 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400344 35480273 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-16): Cleared per 1/XX/2026 1 A NJ Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guides 4:34:42 PM Home - Cash-out
- Other
Seller Comment (2026-01-16): FVOE uploaded
Foreign borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400345 35253726 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [Redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400345 35253817 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient cure or valid COC not provided at the time of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount closing. 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400345 35253818 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Sufficient cure or valid COC not provided at the time of Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- closing. 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400345 35253877 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 2:00:40 AM Home
[redacted] [redacted] [redacted] [redacted] 627400345 35484808 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 1:33:00 PM Home
Seller Comment (2026-01-21): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400346 35230052 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NV Investment Refinance N/A N/A No
Documentation Processing Incorrect, or [redacted] 8:48:17 AM -
Incomplete Rate/Term
Final or
Initial 1003
[redacted] [redacted] [redacted] [redacted] 627400346 35230067 Compliance Compliance Federal Missing Missing Initial Loan Application Testing No evidence of application date located in file. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NV Investment Refinance N/A N/A No
Compliance Application Compliance tests were run using an application date 7:28:45 AM -
Date of [redacted] which is [redacted] months prior to Rate/Term
consummation. A lookback was performed to
determine this application date using the following
dates: [redacted], [redacted], [redacted],
[redacted], [redacted], [redacted], [redacted].
Lookback testing performed up to one of the
following: TRID start date, TIL/XX/MDIA [redacted]
start date, LOS Application Date, Broker
Application Date, or [redacted] months prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400346 35241283 Credit Income / Income Income / The verification of employment is required - VOE [redacted] calendar days from the note was no Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A NV Investment Refinance N/A N/A No
Employment Documentation Employment and was not found in file. provided for co-borrower. further review 12:36:20 PM -
Rate/Term
Seller Comment (2026-01-28): Borrower is Self-
Employed: Documentation to support Borrower's
business was operating within [Redacted] days
of Closing (COVID Guidelines).
Reviewer Comment (2026-01-22): Exception
remains. VOE dated within [Redacted] business
days of note date is required for co borrower
Seller Comment (2026-01-21): borrower self emp
[redacted] [redacted] [redacted] [redacted] 627400347 35261433 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-27): Doc provided 1/XX/2026 1 B A CA Second Refinance Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor and cleared 4:15:10 PM Home - Cash-out
Application Date and Transaction Date used to - Other
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400347 35261435 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 7:46:58 AM Home - Cash-out
with an increasing payment disclosed the due date payment of interest only that does not match the actual - Other
of the last payment of interest only that does not last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400347 35261436 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Other - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400347 35261437 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Other - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400347 35261438 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 B A CA Second Refinance No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing further review 4:15:10 PM Home - Cash-out
change in loan product and a complete Closing Disclosure was not received by borrower at least - Other
Disclosure was not received by borrower at least [redacted] ([redacted]) business days prior to
[redacted] ([redacted]) business days prior to consummation.
consummation.
[redacted] [redacted] [redacted] [redacted] 627400347 35261439 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. - Other the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400347 35261443 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing re- Reviewer Comment (2026-02-24): After further 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification of employment within [redacted] calendar review exception cleared 5:22:33 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. days of note date. P&L statement for [redacted] was not - Other ATR/QM status
provided. Reviewer Comment (2026-02-24): reopen
Reviewer Comment (2026-01-27): Cleared after
further review
Seller Comment (2026-01-26): fncpa letter
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400347 35261445 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. within [redacted] calendar days of note date. P&L further review 4:18:38 PM Home - Cash-out
statement for [redacted] was not provided. - Other
[redacted] [redacted] [redacted] [redacted] 627400347 35261470 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The most recent valuation inspection is [redacted], Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; dated prior to a FEMA disaster [redacted]. Greater than [Redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400347 35261494 Credit Loan Package Application / Loan Package OFAC red flag on fraud report - OFAC Search on fraud report is missing in the file. Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing Documentation further review 3:57:36 PM Home - Cash-out
- Other
Seller Comment (2026-01-26): do not see any
OFAC alerts, also with foreign borrowers
without a SSN, most of the alerts do not
pertain as they are unable to locate actual
info on the borrower.
[redacted] [redacted] [redacted] [redacted] 627400347 35261535 Credit Credit General Credit Initial Rate Lock rate date is not Initial Rate Lock rate document is missing in the file. Reviewer Comment (2026-01-27): Doc provided 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
documented in file. and cleared 4:19:06 PM Home - Cash-out
- Other
Seller Comment (2026-01-26): rate lock
[redacted] [redacted] [redacted] [redacted] 627400347 35263885 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment calendar days of note date. P&L statement for [redacted] further review 4:19:13 PM Home - Cash-out
was not provided. - Other
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400347 35263897 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable within [redacted] calendar days of note date. P&L further review 4:19:22 PM Home - Cash-out
[redacted]-party records. statement for [redacted] was not provided. - Other
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained. - CPA letter
uploaded
[redacted] [redacted] [redacted] [redacted] 627400347 35263898 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or calendar days of note date. P&L statement for [redacted] further review 4:17:22 PM Home - Cash-out
asset doc requirements which could result in a risk was not provided. - Other
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-26): o Foreign
eligible to be regraded with compensating factors.) borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400347 35263908 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing re-verification of employment Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline within [redacted] calendar days of note date. P&L further review 4:19:31 PM Home - Cash-out
components, the loan is at ATR risk. statement for [redacted] was not provided. - Other
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400347 35263916 Credit Income / Income Income / Income Docs Missing: - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment calendar days of note date. P&L statement for [redacted] further review 4:19:39 PM Home - Cash-out
was not provided. - Other
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400348 35262169 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock Document was missing in the file. Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. cleared. 5:42:31 PM Home
Seller Comment (2026-01-21): rate lock
Seller Comment (2026-01-21): see rate lock
[redacted] [redacted] [redacted] [redacted] 627400348 35262226 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor cleared. 5:44:40 PM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400348 35262228 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] There was no cure was provided to the borrower and the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document file did not contain a valid COC for the addition of the 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds fee. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400353 35263843 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Source of EMD was not verified. Reviewer Comment (2026-02-03): Updated guides 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Discrepancy / discrepancy. reserves, cleared. 3:55:26 PM
Guidelines
Discrepancy Seller Comment (2026-02-02): Assets [Redacted]
(Excludes [Redacted] EMD), Final CD CTC
[Redacted], Reserves [Redacted]. CTC &
Reserves [Redacted]
[redacted] [redacted] [redacted] [redacted] 627400353 35270542 Credit Asset Asset Asset Asset documentation requirements not met. Source of EMD was not verified. Reviewer Comment (2026-02-03): Updated guides 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation reserves, cleared. 3:55:38 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): EMD was veriifed
and docs attached
[redacted] [redacted] [redacted] [redacted] 627400353 35270543 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment was not within [redacted] Reviewer Comment (2026-02-03): WVOE provided, 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment calendar days of the note date. cleared. 3:57:50 PM
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400353 35270544 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment was not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the note date. business days. 9:40:09 AM
[redacted] [redacted] [redacted] [redacted] 627400353 35487137 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-02-03): WVOE provided, 2/XX/2026 1 A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. cleared. 3:57:56 PM
Seller Comment (2026-02-02): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35232668 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 C A MD Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not calendar days of the Note Date. [redacted] with WVOE 11:25:40 AM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35232669 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 A A MD Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. calendar days of the Note Date. [redacted] with WVOE 11:25:40 AM Home
[redacted] [redacted] [redacted] [redacted] 627400355 35232676 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status calendar days of the Note Date. [redacted] with WVOE 11:21:39 AM Home
using reasonably reliable [redacted]-party records.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35232677 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B MD Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing. 9:49:11 AM Home
[redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400355 35232980 Credit Income / Income Missing REO Documents are missing. - ___ Pls provide Insurance Verification, Tax Verification Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Employment Documentation Document ___ document for : [redacted] [redacted] [redacted] cleared 11:26:52 AM Home
___ [redacted] House No, [redacted],
[redacted] [redacted] [redacted] [redacted] 627400355 35236226 Credit Income / Income Income / Income documentation requirements not met. Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Employment Documentation Employment calendar days of the Note Date. [redacted] with WVOE 11:22:02 AM Home
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35236227 Credit Income / Income Income / Verification(s) of employment is not within - Verification of employment is not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note Date. business days 9:47:56 AM Home
[redacted] [redacted] [redacted] [redacted] 627400355 35236263 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or calendar days of the Note Date. [redacted] with WVOE 11:22:56 AM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-28): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35236315 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Verification of employment is not within [redacted] Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline calendar days of the Note Date. [redacted] with WVOE 11:23:24 AM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400355 35487226 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-28): OK for 1/XX/2026 1 A MD Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] with WVOE 11:22:15 AM Home
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400361 35261588 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The Property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there was no Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400361 35262815 Credit Income / Income Income / Income documentation requirements not met. Waterfall due to missing verification of employment with Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] days of closing and missing income guidelines. 7:27:13 PM Home
documentation prior to closing
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400361 35262816 Credit Income / Income Income / Verification(s) of employment is not within - Missing verification of employment with [redacted] days Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. of closing. business days. 3:02:41 PM Home
[redacted] [redacted] [redacted] [redacted] 627400361 35262886 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing verification of employment and Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or Income documentation guidelines. 7:27:49 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-20): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400361 35263025 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing verification of employment and Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline Income documentation guidelines. 7:29:13 PM Home
components, the loan is at ATR risk.
Seller Comment (2026-01-20): General ATR (Not
QM){ellipsis}Foreign National working outside
of the US and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400361 35270672 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan is an ATR fail because no income documentation was Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not used to qualify. The WVOE in the file is dated guidelines. 7:31:10 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. [redacted] ATR/QM status
Seller Comment (2026-01-20): General ATR (Not
QM){ellipsis}Foreign National working outside
of the US and foreign verification
documentation was provided to verify
employment.
[redacted] [redacted] [redacted] [redacted] 627400361 35270673 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Loan is an ATR fail because no income documentation was Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status used to qualify. The WVOE in the file is dated guidelines. 7:31:10 PM Home
using reasonably reliable [redacted]-party records. [redacted]
Seller Comment (2026-01-20): Attached FVOE was
used to verify employmnet.
[redacted] [redacted] [redacted] [redacted] 627400361 35270674 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Loan is an ATR fail because no income documentation was Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, missing W-[redacted] used to qualify. The WVOE in the file is dated guidelines. 7:31:10 PM Home
Paystub, LES, ETS or WVOE. [redacted]
Seller Comment (2026-01-20): See
[Redacted]...this is the only documentation
used to verify income/employment since foreign
borrowers with income outside of the
[redacted] will not have a VOE, per [Redacted]
product guidelines a written verification of
employment only is obtained. The date of
the FVOE is [Redacted] not [Redacted]
.
[redacted] [redacted] [redacted] [redacted] 627400361 35270675 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Loan is an ATR fail because no income documentation was Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. used to qualify. The WVOE in the file is dated guidelines. 7:31:10 PM Home
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400361 35480288 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 7:27:55 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400362 35231017 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-23): Okay per 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 12:53:36 PM
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400363 35229902 Credit Income Document Error Income Missing evidence of current Tax Expense for - tax verification and insurance verification is missing Reviewer Comment (2026-02-03): Tax 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
this property. verification provided, cleared. 5:43:21 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): Tax & HOI
attached
[redacted] [redacted] [redacted] [redacted] 627400363 35229912 Credit Income Document Error Income Missing evidence of current Insurance - insurance verification is missing Reviewer Comment (2026-02-03): Insurance 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Expense for property. verification provided, cleared. 5:43:37 PM
Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400363 35233940 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] . File does not contain a valid COC for this fee, nor Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of evidence of cure. 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400363 35233941 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Discount Points Fee.$[redacted] was not disclosed on Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Loan Estimate. File does not contain a valid COC for 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds this fee, cure provided at closing. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400363 35233942 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Administration Fee.$[redacted] was not disclosed on Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Administration Estimate. File does not contain a valid COC for this 8:45:40 AM Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance fee, cure provided at closing. the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400363 35233968 Credit Income / Income Income / The verification of employment is required - Third party verification of employment is missing in Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. loan file for [redacted] /XX/ Employment Type: cleared. 5:43:55 PM
Employment /XX/ Start Date: [redacted]
Seller Comment (2026-02-02): already attached
Seller Comment (2026-02-02): Previous
employment is not required to be verified.
[redacted] [redacted] [redacted] [redacted] 627400363 35233969 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is missing in loan file Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. for [redacted] Wages / Start Date: [redacted] cleared. 5:44:00 PM
Seller Comment (2026-02-02): doc upload
Seller Comment (2026-02-02): [Redacted] VOE
attached
Seller Comment (2026-02-02): Previous
employment is not required to be verified.
[redacted] [redacted] [redacted] [redacted] 627400363 35234131 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): water fall due to missing vvoe for borrower primary Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not employment cleared. 5:42:03 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400363 35234132 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to water fall due to missing W[redacted] and Verification Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status of employment for borrower primary employment cleared. 5:42:03 PM
using reasonably reliable [redacted]-party records.
Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400363 35234133 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The income document are missing lime w-[redacted] voe, wvoe Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 B A NY Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not for primary employment of borrower cleared. 5:42:03 PM
match the ATR payment calculation methods under
[redacted](c)([redacted]). Seller Comment (2026-02-02): already attached
[redacted] [redacted] [redacted] [redacted] 627400363 35234134 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General water fall due to missing W[redacted] and Verification Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. of employment for borrower primary employment cleared. 5:42:03 PM
[redacted] [redacted] [redacted] [redacted] 627400363 35234135 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:16:18 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400363 35234136 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:16:18 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400363 35234137 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NY Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:16:18 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400363 35234138 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: water fall due to Loan is interest only for [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] years hence initial P&I is [redacted] as per final 7:46:58 AM
with an increasing payment disclosed the due date closing disclosure
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400363 35714494 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not cleared. 5:44:55 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400363 35714496 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on VOE was not provided. Reviewer Comment (2026-02-03): VOE provided, 2/XX/2026 1 A NY Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline cleared. 5:44:55 PM
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400368 35230585 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall due to missing VVOE and Currency converter for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not YTD income for borrower wage's income. exception cleared. 4:13:37 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-01-26): Verification of
Employment lists monthly salary as AED
[Redacted] monthly, which converts to
[Redacted]. UW used paystubs which show
multiple allowances not allowed per
guidelines. Based income on base salary and
expatriate allowance only (see worksheet,
attached paystub and VOE income conversion).
[redacted] [redacted] [redacted] [redacted] 627400368 35230586 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to missing VVOE and Currency converter for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status YTD income for borrower wage's income. exception cleared. 4:13:37 PM Home - Cash-out
using reasonably reliable [redacted]-party records. - Other
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35230587 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing VVOE and Currency converter for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or YTD income for borrower wage's income. exception cleared. 4:13:37 PM Home - Cash-out
asset doc requirements which could result in a risk - Other
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-26): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35230588 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to missing VVOE and Currency converter for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 A A NY Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. YTD income for borrower wage's income. exception cleared. 4:13:37 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400368 35230589 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount on Loan Estimate but disclosed as $[redacted] on Final 9:51:32 AM Home - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid - Other the Following:
tolerance of $[redacted] $[redacted] over legal Changed Circumstance for this fee, no evidence of cure Letter of
limit. Insufficient or no cure was provided to the in file. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400368 35230594 Credit Income / Income Income / Income Docs Missing: - ___ VVOE required within [redacted] calendar prior to the Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Employment Documentation Employment note date and not provided. Missing currency converter exception cleared. 4:14:45 PM Home - Cash-out
for YTD income for borrower wage's income. - Other
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35230596 Credit Income / Income Income / Income documentation requirements not met. Missing VVOE and Currency converter for YTD income for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Employment Documentation Employment borrower wage's income. exception cleared. 4:13:56 PM Home - Cash-out
- Other
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35230597 Credit Income / Income Income / Verification(s) of employment is not within - VVOE required within [redacted] calendar prior to the Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. note date and not provided. business days. 2:02:21 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400368 35230599 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing VVOE and Currency converter for Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 C A NY Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline YTD income for borrower wage's income. exception cleared. 4:15:40 PM Home - Cash-out
components, the loan is at ATR risk. - Other
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35484814 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 A NY Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. exception cleared. 4:14:58 PM Home - Cash-out
- Other
Seller Comment (2026-01-26): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per [redacted] product guidelines
a written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400368 35628895 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-01-26): WVOE provided, 1/XX/2026 1 A NY Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception cleared. 4:15:40 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Risk. - Other ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400371 35230795 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted] years W-[redacted] is not provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [Redacted] guidelines. 2:54:29 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400371 35230796 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] years W-[redacted] is not provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status [Redacted] guidelines. 2:54:29 PM
using reasonably reliable third-party records.
Seller Comment (2026-02-02): borrower started
US employment [Redacted] - [Redacted] years
w2s not avail . Used New to Country
guidelines.
[redacted] [redacted] [redacted] [redacted] 627400371 35230797 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The [redacted] years W-[redacted] is not provided. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400371 35230798 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are [redacted] years W-[redacted] is not provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [Redacted] guidelines. 2:54:29 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400371 35230799 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General [redacted] years W-[redacted] is not provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 A A FL Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [Redacted] guidelines. 2:54:29 PM
[redacted] [redacted] [redacted] [redacted] 627400371 35230800 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing. 8:08:10 AM
[redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400371 35230801 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent [redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400371 35230803 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The Property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post-disaster inspection verifying there were no Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photos and review date
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
Most Recent Valuation Inspection Date: ___; declared / end date.
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400371 35230830 Credit Income / Income Income / Income documentation requirements not met. [redacted] years W-[redacted] is no provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment [Redacted] guidelines. 2:53:49 PM
Seller Comment (2026-02-02): borrower started
US employment [Redacted] - [Redacted] years
w2s not avail . Used New to Country
guidelines.
[redacted] [redacted] [redacted] [redacted] 627400371 35230831 Credit Income / Income Income / The verification of employment is required - [redacted] years W-[redacted] is no provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. [Redacted] guidelines. 2:53:39 PM
Seller Comment (2026-02-02): borrower started
US employment [Redacted] - [Redacted] years
w2s not avail . Used New to Country
guidelines.
[redacted] [redacted] [redacted] [redacted] 627400371 35230832 Credit Income / Income Income / Verification(s) of employment is not within - [redacted] years W-[redacted] is no provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [Redacted] guidelines. 2:53:33 PM
Seller Comment (2026-02-02): borrower started
US employment [Redacted] - [Redacted] years
w2s not avail . Used New to Country
guidelines.
[redacted] [redacted] [redacted] [redacted] 627400371 35230849 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] years W-[redacted] is no provided. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [Redacted] guidelines. 2:55:37 PM
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400371 35257313 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI [redacted]% DTI for non-traditional credit per Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders guidelines. [Redacted] guidelines. 2:54:29 PM
Guidelines Guidelines and [redacted](c)([redacted]) of
[redacted]% moderately exceeds the guideline Seller Comment (2026-02-02): DTI up to
maximum of [redacted]%. (DTI Exception is eligible [Redacted] and LTV up to[Redacted] under New
to be regraded with compensating factors.) to country guidelines under traditional credit
grid.
[redacted] [redacted] [redacted] [redacted] 627400371 35257321 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value [redacted]% for non-traditional credit per guidelines Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. [Redacted] guidelines. 2:53:20 PM
Eligibility Eligibility Eligibility
Seller Comment (2026-02-02): DTI up to
[Redacted] and LTV up to[Redacted] under New
to country guidelines under traditional credit
grid.
[redacted] [redacted] [redacted] [redacted] 627400371 35257322 Credit Credit AUS Guideline Guideline Requirement: Combined loan to [redacted]% for non-traditional credit per guidelines Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Discrepancy / value discrepancy. [Redacted] guidelines. 2:53:17 PM
Guidelines
Discrepancy Seller Comment (2026-02-02): DTI up to
[Redacted] and LTV up to[Redacted] under New
to country guidelines under traditional credit
grid.
[redacted] [redacted] [redacted] [redacted] 627400371 35257323 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying [redacted]% DTI for non-traditional credit per Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. guidelines. [Redacted] guidelines. 2:53:13 PM
Guidelines
Discrepancy Seller Comment (2026-02-02): DTI up to
[Redacted] and LTV up to[Redacted] under New
to country guidelines under traditional credit
grid.
[redacted] [redacted] [redacted] [redacted] 627400376 35248464 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400376 35248521 Credit Guideline Guideline Guideline Aged document: Primary Valuation is older - Valuation effective date or Report date is more than Reviewer Comment (2026-02-03): Recert provided 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Issue than guidelines permit [redacted] days prior to the Note Date and cleared. 8:13:56 PM Home -
Rate/Term
Seller Comment (2026-02-02): recert
[redacted] [redacted] [redacted] [redacted] 627400376 35248693 Credit Credit General Credit Initial Rate Lock rate date is not Initial Rate Lock rate date document is not provided in Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
documented in file. file cleared. 8:29:43 PM Home -
Rate/Term
Seller Comment (2026-02-02): rate lock
[redacted] [redacted] [redacted] [redacted] 627400376 35248928 Compliance Loan Package Application / Missing, Missing Document: Missing Lender's Initial Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Documentation Processing Incorrect, or [redacted] 8:48:17 AM Home -
Incomplete Rate/Term
Final or
Initial 1003
[redacted] [redacted] [redacted] [redacted] 627400376 35249167 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Initial Rate Lock Date is not provided. Reviewer Comment (2026-02-03): Provided and 2/XX/2026 1 B A CA Second Refinance Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor cleared. 8:30:28 PM Home -
Application Date and Transaction Date used to Rate/Term
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400376 35249168 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Third party verification is not provided in file, CPA Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Letter used for income calculation [Redacted] guidelines. 8:21:49 PM Home - provide updated
match Due Diligence Loan Designation of ATR Fail. Rate/Term ATR/QM status
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400376 35249169 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Third party verification is not provided in file, CPA Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably Letter used for income calculation [Redacted] guidelines. 8:21:49 PM Home -
reliable third-party records. Rate/Term
Seller Comment (2026-02-02): not required for
foreign income, however credit report verifies
when company was incorporated
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400376 35249170 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Third party verification is not provided in file, CPA Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. Letter used for income calculation [Redacted] guidelines. 8:21:49 PM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400376 35249171 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered or placed in the mail to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Non QM Non QM No
Compliance Electronically Provided delivered or placed in the mail to Borrower(s) Borrower(s) within [redacted] ([redacted]) business days 8:12:23 AM Home -
within [redacted] ([redacted]) business days of of application. Rate/Term
application.
[redacted] [redacted] [redacted] [redacted] 627400376 35249173 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reinspection Fee was $[redacted] disclosed on initial LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Reinspection but $[redacted] was disclosed on Closing disclosure. 8:45:40 AM Home - Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance Sufficient Cure was not provided on file. Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400376 35249174 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Sub Escrow Fee was not disclosed on initial LE Reviewer Comment (2026-02-03): After further 2/XX/2026 1 B A CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - but $[redacted] was disclosed on Closing disclosure. review, exception cleared. 8:24:57 PM Home - Refund Provide
SubEscrow Fee. Fee Amount of $[redacted] exceeds Sufficient Cure was not provided on file. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400376 35249175 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Wire /XX/ Disbursement Fee was not disclosed on Reviewer Comment (2026-02-03): After further 2/XX/2026 1 B A CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - Wire initial LE but $[redacted] was disclosed on Closing review, exception cleared. 8:27:34 PM Home - Refund Provide
/XX/ Disbursement Fee. Fee Amount of $[redacted] disclosure. Sufficient Cure was not provided on file. Rate/Term the Following:
exceeds tolerance of $[redacted] $[redacted] over Letter of
legal limit. Insufficient or no cure was provided Explanation,
to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400376 35249176 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Title - Endorsement Fee was not disclosed on initial LE Reviewer Comment (2026-02-03): After further 2/XX/2026 1 B A CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Title - but $[redacted] was disclosed on Closing disclosure. review, exception cleared. 8:24:57 PM Home - Refund Provide
Endorsement Fee. Fee Amount of $[redacted] exceeds Sufficient Cure was not provided on file. Rate/Term the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400376 35249225 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] percent tolerance was exceeded of total Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of amount of $[redacted] exceeds tolerance of $[redacted] 10:06:37 AM Home - Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus plus [redacted]% or $[redacted] due to Title- Lender's Reviewer Comment (2026-02-03): EXCEPTION Rate/Term the Following:
[redacted]% or $[redacted] $[redacted] over legal fee, Recording fee and Title -Settlement/XX/Escrow fee. HISTORY - Exception Detail was updated on Letter of
limit. Insufficient or no cure was provided to the No valid COC in file. [Redacted] PRIOR Exception Detail: TILA-RESPA Explanation,
borrower. Integrated Disclosure: [redacted] Percent Fee Proof of
Tolerance exceeded. Total amount of [Redacted] Delivery, Copy
exceeds tolerance of [Redacted] plus of Refund
[Redacted] or [Redacted] [Redacted] over Check, and
legal limit. Insufficient or no cure was Corrected CD
provided to the borrower. ([redacted])
[redacted] [redacted] [redacted] [redacted] 627400376 35249234 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of [redacted] is less Reviewer Comment (2026-02-03): After further 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Discrepancy / discrepancy. than Guideline PITIA months reserves of [redacted]. review, exception cleared. 8:20:41 PM Home -
Guidelines Rate/Term
Discrepancy Seller Comment (2026-02-02): has more than
[Redacted] mos
[redacted] [redacted] [redacted] [redacted] 627400376 35249287 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Third party verification is not provided in file Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline [Redacted] guidelines. 8:21:49 PM Home -
components, the loan is at ATR risk. Rate/Term
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400377 35235908 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A MI Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 2:20:39 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400377 35235909 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A MI Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 2:20:39 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400377 35235910 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Incomplete TILA-RESPA Integrated Disclosure: Incomplete Incomplete Closing Disclosure was signed by borrower and Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A MI Second Purchase Provide the Non QM Non QM Yes
Compliance Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding removed from testing per attestation. 2:20:39 PM Home following:
cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over Letter of
exceptions for inaccurate disclosures and disclosures resulting from use of incomplete Closing Explanation
under/over disclosures resulting from use of Disclosure are valid and will need to be cured (if notifying
incomplete Closing Disclosure are valid and will curable). borrower or
need to be cured (if curable). error,
Corrected CD,
and Proof of
Delivery (Proof
of receipt and
reopened
rescission also
required if
transaction is
rescindable and
material
disclosures are
inaccurate)
[redacted] [redacted] [redacted] [redacted] 627400377 35235911 Compliance Compliance Federal TRID Defect TRID Initial Closing Disclosure Timing TILA-RESPA Integrated Disclosure: Closing Closing Disclosure not provided to Borrower(s) at least Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A MI Second Purchase No Defined Cure Non QM Non QM No
Compliance without Waiver Test Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing. removed from testing per attestation. 2:20:39 PM Home
[redacted] ([redacted]) business days prior to
closing.
[redacted] [redacted] [redacted] [redacted] 627400377 35235912 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Loan Estimate not delivered to Borrower(s) within Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B MI Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] [redacted] ([redacted]) business days of application. 8:12:23 AM Home
([redacted]) business days of application. Initial Initial Loan Estimate dated [redacted] was
Loan Estimate dated [redacted] was electronically electronically provided without or prior to borrower's
provided without or prior to borrower's consent to consent to receive electronic disclosures. Failure to
receive electronic disclosures. Failure to comply comply with the provisions of the E-Sign Act and failure
with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result
to provide good faith estimate of fees timely may in additional fee tolerance violations.
result in additional fee tolerance violations. (Initial/[redacted])
[redacted] [redacted] [redacted] [redacted] 627400377 35235913 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A MI Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing removed from testing per attestation. 2:20:39 PM Home
change in loan product and a complete Closing Disclosure was not received by borrower at least
Disclosure was not received by borrower at least [redacted] ([redacted]) business days prior to
[redacted] ([redacted]) business days prior to consummation.
consummation.
[redacted] [redacted] [redacted] [redacted] 627400377 35235917 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B MI Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount [redacted] Percent Fee Tolerance exceeded for Loan 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds Discount Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal tolerance of $[redacted] $[redacted] over legal limit. Letter of
limit. Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400377 35235918 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B MI Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document [redacted] Percent Fee Tolerance exceeded for Document 8:45:40 AM Home Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds Preparation Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal tolerance of $[redacted] $[redacted] over legal limit. Letter of
limit. Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400377 35235931 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A MI Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. for [redacted] 1:48:01 PM Home
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400378 35230465 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not exception will be cleared once all ATR specific 7:24:56 AM
match the ATR payment calculation methods under exceptions have been cured/cleared.
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400378 35230467 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Closing disclosure dated [redacted] was not signed and Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a dated by the borrower. 8:24:23 AM
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted] ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400379 35234297 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): Cleared with 2/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a BPO 12:34:06 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400381 35242788 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400381 35242811 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-23): Approved DTI 1/XX/2026 1 C A CT Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Risk. exception with comp factors provided from 3:54:26 PM provide updated
match Due Diligence Loan Designation of ATR Risk. origination. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400381 35242812 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Total qualifying income $[redacted] Total PITIA Borrower has been employed in the same industry for Approved DTI XXX Reviewer Comment (2026-01-23): Approved DTI 1/XX/2026 2 C B CT Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders $[redacted] Total Debts $[redacted] more than [redacted] years. exception with Originator exception with comp factors provided from 3:51:23 PM
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least comp factors Pre-Close,XXX origination.
[redacted]% moderately exceeds the guideline $[redacted] provided from XXX
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than origination. XXX
to be regraded with compensating factors.) [redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400381 35242813 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A CT Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:21:02 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information (Initial/[redacted])
available.
[redacted] [redacted] [redacted] [redacted] 627400381 35242817 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Borrower has been employed in the same industry for Approved DTI XXX Reviewer Comment (2026-01-23): See other 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. [redacted]% exceeds Guideline total debt ratio of more than [redacted] years. exception with Originator citing. 3:53:18 PM
Guidelines [redacted]%. Borrower has verified disposable income of at least comp factors Pre-Close,XXX
Discrepancy $[redacted] provided from XXX Reviewer Comment (2026-01-23): [redacted]
Borrower has worked in the same position for more than origination. XXX
[redacted] years. XXX Reviewer Comment (2026-01-23): Approved DTI
Borrower's monthly reserves have been verified and exception with comp factors provided from
exceed the amount required based on the guidelines by origination.
at least [redacted] months.
Borrowers made a down payment from their own funds on Seller Comment (2026-01-22): us credit
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-01-22): international
credit
Seller Comment (2026-01-22): borrower did not
have open BMW accounts
[redacted] [redacted] [redacted] [redacted] 627400381 35242832 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing [redacted] or more guideline Reviewer Comment (2026-01-23): Approved DTI 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline components, the loan is at ATR risk. exception with comp factors provided from 3:52:16 PM
components, the loan is at ATR risk. origination.
[redacted] [redacted] [redacted] [redacted] 627400381 35619882 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Approved DTI exception with comp factors provided from Borrower has been employed in the same industry for Approved DTI XXX Reviewer Comment (2026-01-23): Approved DTI 1/XX/2026 2 B CT Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. origination. more than [redacted] years. exception with Originator exception with comp factors provided from 3:53:44 PM
Guidelines Borrower has verified disposable income of at least comp factors Pre-Close,XXX origination.
Discrepancy $[redacted] provided from XXX
Borrower has worked in the same position for more than origination. XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400383 35282240 Credit Credit Miscellaneous Guideline Credit Exception: Provide credit report or statement reflecting additional Reviewer Comment (2026-01-23): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
debts ([redacted]; [redacted] [redacted] & [redacted]) cleared. 3:57:21 PM
as per final [redacted].
Seller Comment (2026-01-22): union
Seller Comment (2026-01-22): [redacted]
[redacted] [redacted] [redacted] [redacted] 627400383 35282347 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400383 35282350 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent [redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400383 35282390 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400388 35256556 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400388 35256707 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM Home
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400388 35256711 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-22): Ok with WVOE 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. for [redacted] 1:36:11 PM Home
Seller Comment (2026-01-22): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400389 35234477 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400389 35234478 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400389 35234479 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] There was no cure was provided to the borrower and the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount file did not contain a valid COC for the addition of the 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds fee. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400390 35230912 Compliance Compliance Federal Missing Missing Initial Loan Application Testing No evidence of application date located in file. Initial loan application [redacted] is missing Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B AL Investment Refinance N/A N/A No
Compliance Application Compliance tests were run using an application date 7:28:45 AM - Cash-out
Date of [redacted] which is [redacted] months prior to - Other
consummation. A lookback was performed to
determine this application date using the following
dates: [redacted], [redacted], [redacted],
[redacted], [redacted], [redacted], [redacted].
Lookback testing performed up to one of the
following: TRID start date, TIL/XX/MDIA [redacted]
start date, LOS Application Date, Broker
Application Date, or six months prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400393 35247195 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-02-10): After further 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 4:14:30 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400393 35247196 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-02-10): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. ([redacted],[redacted], review, exception cleared. 4:14:30 PM Home
third-party records. [redacted]/Partnership)
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400393 35247197 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-02-10): After further 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. ([redacted],[redacted] review, exception cleared. 4:14:30 PM Home
third-party records. Intergrate Solutions in Disaster risk
mgmt/XX/Partnership) Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400393 35247198 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-02-10): After further 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 4:14:30 PM Home
[redacted] [redacted] [redacted] [redacted] 627400393 35247199 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Estimated TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Total Minimum Payment Adjustable Rate Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment 7:38:09 AM Home Disclosure Cure
Subsequent Payments [redacted] disclosed an Estimated Total Monthly for payment stream [redacted] that does not match the - Provide the
Payment for payment stream [redacted] that does not actual total payment for the loan following:
match the actual total payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400393 35247200 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400393 35247201 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Transfer Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. Tax. Fee Amount of $[redacted] exceeds tolerance of 8:45:40 AM Home Refund Provide
Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. Insufficient the Following:
$[redacted] $[redacted] over legal limit. or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400394 35243314 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Document Preparation $[redacted] was added on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Document Closing Disclosure dated [redacted]. A valid change of 8:45:40 AM Refund Provide
Preparation Fee. Fee Amount of $[redacted] exceeds circumstance was not provided for fee change, and no the Following:
tolerance of $[redacted] $[redacted] over legal evidence of tolerance cure was in the file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400394 35243315 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] The Property Inspeciton fee $[redacted] was added on the Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Property Closing Disclosure dated [redacted]. A valid change of 8:45:40 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds circumstance was not provided for fee change, and no the Following:
tolerance of $[redacted] $[redacted] over legal evidence of tolerance cure was in the file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400396 35284081 Credit Credit Credit Guideline The Verification of Rent (VOR) / Verification of rent is missing in the file Reviewer Comment (2026-02-03): Credit Report 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Verification of Mortgage (VOM) is required received and associated. Exception cleared. 12:18:42 PM Home
and was not found in file.
Seller Comment (2026-01-30): Please see
attached ICR which contains VOR for foreign
property located [redacted]
[redacted] [redacted] [redacted] [redacted] 627400396 35284110 Credit Income / Income Missing REO Documents are missing. - The file is missing the mortgage tax, HOA dues, and Reviewer Comment (2026-02-03): Received credit 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document statement documentation for this property. Please report and bank statement for mortgage and 12:53:31 PM Home
provide for review. taxes and HOA document verify the amount
$[redacted], Exception cleared.
Seller Comment (2026-01-30): Attached please
find the mortgage payment history, [redacted]
(from ICR), HOI and HOA for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400396 35284129 Compliance Compliance Federal TILA Federal Loan Originator Compensation - Truth in Lending Act (NMLSR Dodd- Frank Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Individual LO Not NMLS Licensed at Time of [redacted]): Individual Loan Originator not NMLS 7:29:15 AM Home
Application licensed or registered at time of application.
[redacted] [redacted] [redacted] [redacted] 627400396 35284131 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-27): Acceptable 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not This exception will be cleared once all ATR specific incomes in file for [redacted] 11:31:38 AM Home provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions have been cured/cleared. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400396 35284132 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify current Wages/W-[redacted] employment Reviewer Comment (2026-01-27): Acceptable 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status status using reasonably reliable third-party records. incomes in file for [redacted] 11:31:38 AM Home
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400396 35284133 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, paystub provided was Reviewer Comment (2026-01-27): acceptable for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, paystub provided was dated dated more than [redacted] days prior to closing. [redacted] 11:29:25 AM Home
more than [redacted] days prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400396 35284134 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-27): Acceptable 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. incomes in file for [redacted] 11:31:38 AM Home
[redacted] [redacted] [redacted] [redacted] 627400396 35284135 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal limit. the Following:
[redacted]% or $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400396 35284136 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400396 35284137 Credit Income / Income Income / The verification of employment is required - The file is missing the verbal verification of Reviewer Comment (2026-01-27): Acceptable 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. employment obtained within [redacted] calendar days of incomes in file for [redacted] 11:31:56 AM Home
note.
[redacted] [redacted] [redacted] [redacted] 627400396 35284138 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. employment obtained within [redacted] calendar days of business days. 9:43:48 AM Home
note.
[redacted] [redacted] [redacted] [redacted] 627400396 35487170 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-27): OK for 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 11:28:25 AM Home
[redacted] [redacted] [redacted] [redacted] 627400402 35244973 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance [redacted] uses FannieMae's definition of acceptable Reviewer Comment (2026-01-29): RCE provided. 1/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Analysis coverage amount is insufficient. coverage. Fannie Mae requires coverage equal to the Exception is clear. 3:22:31 PM Home
lesser of the following: [redacted]% of the insurable
value of the improvements, as established by the Seller Comment (2026-01-29): rce
property insurer; or the unpaid principal balance of the
mortgage, as long as it at least equals the minimum Seller Comment (2026-01-29): insurance
amount-[redacted]% of the insurable value of the
improvements-required to compensate for damage or loss Seller Comment (2026-01-29): coverage matches
on a replacement cost basis. If it does not, then replacement cost estimator
coverage that does provide the minimum required amount
must be obtained. There is a shortfall of $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400402 35245107 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non-QM does not match Due Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A NC Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail due to most further review 1:44:44 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. recent tax transcripts and audited YTD P&L not provided. ATR/QM status
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400402 35245108 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. further review 1:44:44 PM Home
third-party records.
Seller Comment (2026-02-10): DOC UPLOAD
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400402 35245109 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied due Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 A A NC Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. to most recent tax transcripts and audited YTD P&L not further review 1:44:44 PM Home
provided.
[redacted] [redacted] [redacted] [redacted] 627400402 35245111 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NC Second Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:24:58 PM Home Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements,
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400402 35252970 Credit Income / Income Income / Income documentation requirements not met. Income documentation requirements not met due to most Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Employment Documentation Employment recent tax transcripts and audited YTD P&L not provided. further review 1:38:27 PM Home
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400402 35252977 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are There are guideline deficiencies related to income Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or and/or asset doc requirements which could result in a further review 1:37:39 PM Home
asset doc requirements which could result in a risk risk to the borrower's ability to repay due to most
to the borrower's ability to repay. (Exception is recent tax transcripts and audited YTD P&L not provided. Seller Comment (2026-02-10): Foreign Income -
eligible to be regraded with compensating factors.) CPA Income letter used for income calculations
and attached
[redacted] [redacted] [redacted] [redacted] 627400402 35253021 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-02-10): Cleared after 2/XX/2026 1 C A NC Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline components, the loan is at ATR risk due to most recent further review 1:40:41 PM Home
components, the loan is at ATR risk. tax transcripts and audited YTD P&L not provided.
Seller Comment (2026-02-10): Foreign Income -
CPA Income letter used for income calculations
and attached
No tax returns or P&L
[redacted] [redacted] [redacted] [redacted] 627400405 35229788 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The latest property inspection date is [redacted]. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; There was a FEMA disaster dated [redacted]. Need a Greater than[redacted]from third party review 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; post-disaster inspection form indicating no damage to date Rate/Term
Disaster End Date: ___ the subject property and must be dated after the
disaster declaration.
[redacted] [redacted] [redacted] [redacted] 627400405 35231417 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
documented in file. and cleared 2:58:59 PM -
Rate/Term
Seller Comment (2026-01-22): see pg [redacted]
[redacted] [redacted] [redacted] [redacted] 627400408 35230864 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent :[redacted] Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B AZ Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 8:30:31 AM Home Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400408 35230865 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B AZ Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400413 35241111 Credit Income / Income Income / The verification of employment does not meet - B[redacted] VOE not within [redacted] days of note. Reviewer Comment (2026-01-16): Cleared. VVOE 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment the guideline requirements. not required for foreign nationals 3:14:55 PM Home
Seller Comment (2026-01-16): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400413 35241281 Credit Credit General Credit Initial Rate Lock rate date is not Reviewer Comment (2026-01-16): Cleared, doc 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
documented in file. provided 3:21:57 PM Home
Seller Comment (2026-01-16): rate lock info
screen
[redacted] [redacted] [redacted] [redacted] 627400413 35241282 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Reviewer Comment (2026-01-21): provided 1/XX/2026 1 B A FL Second Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor 9:02:10 AM Home
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400416 35241746 Credit Income / Income Income / Income Docs Missing: - missing [redacted] - Schedule C ([redacted]), [redacted] Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment - Schedule C ([redacted]) further review 5:57:12 PM Home
Seller Comment (2026-02-02): n/a foreign
income - o Foreign borrowers with income
outside of the [redacted]will not have a VOE,
per product guidelines a written verification
of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400416 35241769 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post disaster inspection verifying there was no damage Greater than [redacted]from third party review 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400416 35241783 Credit Asset Asset Asset Guideline Issue:Insufficient asset - Missing [redacted] more month bank statement Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Documentation documentation. further review 5:57:24 PM Home
Seller Comment (2026-02-02): n/XX/a
[redacted]is a new acct funded by[redacted],
wouldnt have [redacted]
[redacted] [redacted] [redacted] [redacted] 627400416 35241869 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to The file was missing the Borrower's [redacted] Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably [redacted] Schedule C for the business '[redacted].' , further review 5:58:14 PM Home
reliable third-party records. please provide for review.
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400416 35241870 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to The file was missing the Borrower's [redacted] Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably [redacted] Schedule C for the business '[redacted]', further review 5:58:53 PM Home
reliable third-party records. please provide for review.
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400416 35241871 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to QM failure. This Reviewer Comment (2026-02-04): After further 2/XX/2026 1 C A TX Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared when all QM related exceptions review, exception cleared. 4:10:30 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. are cleared. ATR/QM status
Seller Comment (2026-02-04): please clear, all
other qm issued cleared
[redacted] [redacted] [redacted] [redacted] 627400416 35241878 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR risk due to excessive DTI. This exception will be Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline cleared when all ATR related exceptions cleared. further review 6:02:21 PM Home
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400416 35241879 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failure due to missing credit report. This exception Reviewer Comment (2026-02-04): After further 2/XX/2026 1 A A TX Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. will be cleared when all ATR related exceptions are review, exception cleared. 4:10:30 PM Home
cleared.
[redacted] [redacted] [redacted] [redacted] 627400416 35241897 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Increase of Loan discounts points Fee. No valid COC 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds provided, nor evidence of cure in file the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400416 35241898 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B TX Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for [redacted] Increase of [redacted] Guaranty Fee. No valid COC 8:45:40 AM Home Refund Provide
Guaranty Fee. Fee Amount of $[redacted] exceeds provided, nor evidence of cure in file the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400416 35241964 Credit Income / Income Income / Verification(s) of employment is not within - The file was missing the verbal verification of Reviewer Comment (2026-02-03): Cleared after 2/XX/2026 1 C A TX Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted] business days of further review 5:59:17 PM Home
closing.
Seller Comment (2026-02-02): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400416 35248356 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-16): Client elects 12/XX/2025 2 B B TX Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. more than [redacted] years. XXX to waive and downgrade with comps of: 1:59:34 PM Home
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least XXX borrower has[redacted] mil in surplus assets,
$[redacted] XXX borrower has monthly GDI of $[redacted]
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400416 35248381 Credit Credit Miscellaneous Guideline Credit Exception: Approved Lender exception to increase LTV from Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-16): Client elects 12/XX/2025 2 B B TX Second Purchase Non QM Non QM No
[redacted]% to [redacted]% comp factors are borrower has more than [redacted] years. XXX to waive and downgrade with comps of: 1:59:25 PM Home
[redacted] in surplus assets and monthly [redacted] Borrower has verified disposable income of at least XXX borrower has [redacted]mil in surplus assets,
[redacted]k. $[redacted] XXX borrower has monthly GDI of [redacted]
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400419 35234700 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400419 35234746 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Taxes TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2025-12-15): Cure docs 12/XX/2025 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Included In Escrow Payments: Final Closing Disclosure provided on incorrectly disclosed whether property taxes are provided. 2:32:47 PM Disclosure Cure
[redacted] incorrectly disclosed whether property included in escrow. - Provide the
taxes are included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400419 35235295 Credit Income / Income Income / Verification(s) of employment is not within - VVOE provided is dated [redacted] which is not within Reviewer Comment (2026-01-14): VVOE is within 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted] calendar days of the Note date. [redacted]business days of note 3:56:27 PM
[redacted] [redacted] [redacted] [redacted] 627400419 35235296 Credit Income / Income Income / Verification(s) of employment is not within - VVOE provided is dated [redacted] which is not within Reviewer Comment (2026-01-14): VVOE is within 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted] calendar days of the Note date. [redacted]business days of note 3:56:27 PM
[redacted] [redacted] [redacted] [redacted] 627400419 35838414 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-18): Waived 2/XX/2026 2 B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 8:55:42 AM Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400421 35230687 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared when all ATR related and cleared. 4:31:45 PM provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions are cleared. ATR/QM status
Seller Comment (2026-01-16): see VVOE uploads
to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400421 35230688 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to The file is missing the verbal verification of Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - Commission verify current Commission employment status using employment obtained within [redacted] business days of and cleared. 4:31:45 PM
reasonably reliable third-party records. closing.
Seller Comment (2026-01-16): see VVOE uploads
to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400421 35230689 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to The file is missing the verbal verification of Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status employment obtained within [redacted] business days of and cleared. 4:31:45 PM
using reasonably reliable third-party records. closing.
Seller Comment (2026-01-16): see VVOE uploads
to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400421 35230690 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400421 35230691 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-23): Client elected 1/XX/2026 2 C B NY Primary Purchase Non QM Non QM No
Compliance DTI moderately exceeds Guidelines calculated in accordance with the $[redacted] XXX to regrade 11:55:47 AM
[redacted](c)([redacted]) of [redacted]% moderately Borrower's monthly reserves have been verified and XXX
exceeds the guideline maximum of [redacted]%. (DTI exceed the amount required based on the guidelines by Reviewer Comment (2026-01-23): EXCEPTION
Exception is eligible to be regraded with at least [redacted] months. HISTORY - Exception Detail was updated on
compensating factors.) Borrowers made a down payment from their own funds on [redacted]PRIOR Exception Detail: Ability to
this purchase transaction of at least [redacted]% and Repay (Dodd-Frank 2014): The DTI calculated in
$[redacted] accordance with the [redacted]moderately
exceeds the guideline maximum of [redacted]%.
(DTI Exception is eligible to be regraded with
compensating factors.)
Seller Comment (2026-01-21): Disagree with DTI
calculation. The qualifying payment of
[redacted] calculated by [redacted]is
incorrect. The index used by [redacted]is
[redacted] qualifying rate of [redacted]and
P&I $[redacted]. Attached is a screenshot of
our ARM Details screen which provides
validation of the index.
Reviewer Comment (2026-01-16): Loan tested to
Non QM per client guidance. Non QM DTI on
loan summary tab shows [redacted] when using
the Non QM qual. payment. Loan fails QM
testing due to I/O. Please advise if you
would like to be regrade to EV2 with comp
factors.
Seller Comment (2026-01-16): under loan
summary the DTI is [redacted]%
Where is the calculation for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400421 35230692 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failure due to missing credit report. This exception Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. will be cleared when all ATR related exceptions are and cleared. 4:31:45 PM
cleared.
[redacted] [redacted] [redacted] [redacted] 627400421 35230693 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment did not disclose the due
date of the last payment of interest only.
[redacted] [redacted] [redacted] [redacted] 627400421 35230695 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted]% fee violation due to an increase in the Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of XXXXXX fee(s). No valid COC was provided for this 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus change, nor evidence of cure. Provide a post close CD the Following:
[redacted]% or $[redacted] $[redacted] over legal disclosing the tolerance violation of $XX.XX, a copy of Letter of
limit. Insufficient or no cure was provided to the the refund check, proof of delivery, and a copy of the Explanation,
borrower. LOE to the borrower disclosing the changes made. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400421 35230696 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount points was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount on the Loan Estimate, but was disclosed as $[redacted] 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds on the Final Closing Disclosure. No valid COC was the Following:
tolerance of $[redacted] $[redacted] over legal provided for this change, nor evidence of cure. Provide Letter of
limit. Insufficient or no cure was provided to the a post close CD disclosing the tolerance violation of Explanation,
borrower. $[redacted] a copy of the refund check, proof of Proof of
delivery, and a copy of the LOE to the borrower Delivery, Copy
disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400421 35230697 Compliance Compliance Federal TILA ARM Disclosure Compliant Test TIL variable rate disclosure: ARM loan program Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure does not match terms of loan. 7:21:11 AM
[redacted] [redacted] [redacted] [redacted] 627400421 35230699 Credit Income / Income Income / Income Docs Missing: - VVOE not provided within [redacted] days from closing Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment and cleared. 4:31:09 PM
Seller Comment (2026-01-16): VVOE
Seller Comment (2026-01-16): VVOE for both
borrowers
[redacted] [redacted] [redacted] [redacted] 627400421 35230710 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR risk due to excessive DTI. This exception will be Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline cleared when all ATR related exceptions are cleared. and cleared. 4:31:45 PM
components, the loan is at ATR risk.
Seller Comment (2026-01-16): loan summary
Seller Comment (2026-01-16): DTI in lan
summary shows as [redacted]
[redacted] [redacted] [redacted] [redacted] 627400421 35230713 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-16): VVOE provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. and cleared. 4:31:03 PM
Seller Comment (2026-01-16): see VVOE uploads
to exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400423 35233359 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A NC Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400423 35233429 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Final inspection fee was added without any valid changed Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NC Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- circumstances, no cure was provided. 8:45:40 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400424 35233393 Credit Insurance Insurance Insurance Hazard Insurance Policy expires within Hazard Insurance Policy Expiration Date ___, Note Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B B NY Investment Refinance N/A N/A No
Analysis [redacted] days of the Note Date. Date ___ more than [redacted] years. XXX to regrade and waive 10:04:51 AM -
Borrower has verified disposable income of at least XXX Rate/Term
$[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400424 35233685 Credit Income / Income Missing REO Documents are missing. - ___ Loan file is missing Tax and insurance verification, Reviewer Comment (2026-01-27): Doc provided 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Document Upon receipt of the missing Tax and insurance and cleared 2:55:19 PM -
verification , additional conditions may apply. Rate/Term
Seller Comment (2026-01-26): tax upload
[redacted] [redacted] [redacted] [redacted] 627400424 35233833 Credit Income / Income Income / Verification(s) of employment is not within - The file was missing the verbal verification of Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted] business days of further review 2:37:33 PM -
closing. Rate/Term
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400424 35241138 Credit Income / Income Income / Income documentation requirements not met. Missing VOE performed within [redacted] business days of Reviewer Comment (2026-01-27): Cleared after 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment the Note. further review 2:37:43 PM -
Rate/Term
Seller Comment (2026-01-26): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400424 35241147 Credit Guideline Guideline Guideline Aged document: Asset Account date is more - Assets provided in the file are more than [redacted] Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 C B NY Investment Refinance N/A N/A No
Issue than [redacted] days prior to Closing. days from closing. more than [redacted] years. XXX to regrade and waive 10:03:41 AM -
Borrower has verified disposable income of at least XXX Rate/Term
$[redacted] XXX Seller Comment (2026-02-02): Refer to Buyer.
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Reviewer Comment (2026-02-02): Refer to Buyer.
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by Seller Comment (2026-01-30): Agree
at least [redacted] months. Send to Buyer
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%. Reviewer Comment (2026-01-27): Exception
The Loan to Value (LTV) on the loan is less than the remians. Per guides, asset accounts should be
guideline maximum by at least [redacted]%. within [redacted]days from closing
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum. Seller Comment (2026-01-26): oForeign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400428 35234001 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment review, exception cleared. 5:17:04 PM Home
Seller Comment (2026-01-22): cpa letter
Seller Comment (2026-01-22): borrower self
employed outside [redacted] - we obtain a cpa
letter for income
Seller Comment (2026-01-22): email to
accountant
[redacted] [redacted] [redacted] [redacted] 627400428 35234055 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The most recent valuation inspection is dated prior to Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; the most recent FEMA disaster. Missing disaster Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; inspection, Disaster end date is [redacted]. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400428 35234081 Compliance Compliance Federal Compliance Closing Disclosure Estimated Values Final Closing Disclosure used for fees provided on Final Closing Disclosure used for fees provided on Reviewer Comment (2026-01-30): Clear per CHD - 1/XX/2026 1 D A FL Second Purchase Non QM Non QM No
Compliance [redacted] contains estimated values that may not [redacted] contains estimated values that may not non-primary subject, seller CD only, P&F not 5:44:35 PM Home
represent final terms or closing costs to the represent final terms or closing costs to the borrower. affected.
borrower. Estimated Closing Disclosure used for any Estimated Closing Disclosure used for any applicable
applicable Federal, State or Local compliance Federal, State or Local compliance testing. Seller Comment (2026-01-30): [redacted]did not
testing. If documented evidence is provided that require a holdback; no additional information
estimate was for repair/XX/insurance escrows ONLY is obtained.
(no holdback service fees or other estimated fees),
then Estimated Closing Disclosure exception may be Reviewer Comment (2026-01-28): Exception due
cleared. to[redacted] holdback on Seller CD.
Seller Comment (2026-01-26): [redacted]letter
sent regarding fee stmnts sent by closing
agent, these are not provided to the borrower;
but used to prepare our CD.
[redacted] [redacted] [redacted] [redacted] 627400428 35234082 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 5:18:02 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400428 35234083 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify Partnership income using reasonably Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable reliable third-party records. ([redacted]/Partnership) review, exception cleared. 5:18:02 PM Home
third-party records.
[redacted] [redacted] [redacted] [redacted] 627400428 35234084 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 12/XX/2025 2 B B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 5:43:29 PM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted].
Return End Date [redacted], Tax Return Due Date ([redacted],[redacted], [redacted],
[redacted]. [redacted]/Partnership)
[redacted] [redacted] [redacted] [redacted] 627400428 35234085 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 12/XX/2025 2 B B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 5:43:29 PM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted].
Return End Date [redacted], Tax Return Due Date ([redacted],[redacted]/Partnership)
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400428 35234086 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self The business or personal tax returns provided are not 12/XX/2025 2 B B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax the most recent. Application Date [redacted], Most 5:43:29 PM Home
returns provided are not the most recent. Recent Tax Return End Date [redacted], Tax Return Due
Application Date [redacted], Most Recent Tax Date [redacted]. ([redacted],[redacted]/Partnership)
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400428 35234087 Compliance Compliance Federal TRID Defect TRID Additional [redacted]-Day Waiting TILA-RESPA Integrated Disclosure - Most recent Most recent Closing Disclosure received at least Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TRID timing Non QM Non QM No
Compliance Period Timing Test - Irregular Transaction Closing Disclosure received at least [redacted] [redacted] days prior to closing dated [redacted] updated ARM data 5:16:18 PM Home exception, no
days prior to closing dated [redacted] disclosed an disclosed an inaccurate APR of [redacted]% compared to remediation
inaccurate APR of [redacted]% compared to the the actual APR at consummation of [redacted]% and a available.
actual APR at consummation of [redacted]% and a revised CD disclosing an accurate APR was not received
revised CD disclosing an accurate APR was not by borrower at least [redacted] ([redacted]) business
received by borrower at least [redacted] days prior to consummation
([redacted]) business days prior to consummation
[redacted] [redacted] [redacted] [redacted] 627400428 35234088 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase Letter of Non QM Non QM Yes
Compliance Minimum Interest Rate Interest Rate Table: Final Closing Disclosure disclosed a Minimum Interest Rate that does not match updated ARM data 5:16:18 PM Home Explanation &
provided on [redacted] disclosed a Minimum Interest the actual minimum interest rate for the loan. Corrected
Rate that does not match the actual minimum (Final/[redacted]) Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400428 35234089 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR Irregular TILA-RESPA Integrated Disclosure - Loan APR of [redacted]% on Final Closing Disclosure provided Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Transaction Calculations: APR of [redacted]% on Final Closing on [redacted] is under-disclosed from the calculated APR updated ARM data 5:16:18 PM Home Disclosure Cure
Disclosure provided on [redacted] is under- of [redacted]% outside of [redacted]% tolerance. - Provide the
disclosed from the calculated APR of [redacted]% (Final/[redacted]) following:
outside of [redacted]% tolerance. Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400428 35234090 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page updated ARM data 5:16:18 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold (fee amounts Proof of
Finance Charge of $[redacted] which exceeds the included in Finance Charge calculation are based on Delivery,
$[redacted] threshold (fee amounts included in Closing Disclosure dated [redacted]). (Final/[redacted]) Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234091 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest updated ARM data 5:16:18 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. ([redacted]:[redacted]/[redacted]) Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234092 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest updated ARM data 5:16:18 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. ([redacted]:[redacted]/[redacted]) Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234093 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest updated ARM data 5:16:18 PM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. ([redacted]:[redacted]/[redacted]) Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234094 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on [redacted] disclosed a maximum periodic principal and updated ARM data 5:16:18 PM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal interest payment for payment stream [redacted] that does - Provide the
and interest payment for payment stream [redacted] not match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for ([redacted]:[redacted]/[redacted]) Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234095 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on [redacted] disclosed a maximum periodic principal and updated ARM data 5:16:18 PM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal interest payment for payment stream [redacted] that does - Provide the
and interest payment for payment stream [redacted] not match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for ([redacted]:[redacted]/[redacted]) Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234096 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on [redacted] disclosed a maximum periodic principal and updated ARM data 5:16:18 PM Home Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal interest payment for payment stream [redacted] that does - Provide the
and interest payment for payment stream [redacted] not match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for ([redacted]:[redacted]/[redacted]) Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234098 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-26): Cleared with 2/XX/2026 1 B A FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on disclosed an inaccurate Total of Payments on page updated ARM data 5:16:18 PM Home Disclosure Cure
[redacted] disclosed an inaccurate Total of [redacted] that does not match the actual total of - Provide the
Payments on page [redacted] that does not match the payments for the loan (fee amounts included in TOP following:
actual total of payments for the loan (fee amounts calculation are based on Closing Disclosure dated Letter of
included in TOP calculation are based on Closing [redacted]). The disclosed Total of Payments in the Explanation,
Disclosure dated [redacted]). The disclosed Total amount of $[redacted] is under disclosed by $[redacted] Proof of
of Payments in the amount of $[redacted] is under compared to the calculated total of payments of Delivery,
disclosed by $[redacted] compared to the calculated $[redacted] which exceeds the $[redacted] threshold. Refund check
total of payments of $[redacted] which exceeds the (Final/[redacted]) for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400428 35234108 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing [redacted] or more guideline Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline components, the loan is at ATR risk. review, exception cleared. 5:18:02 PM Home
components, the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400428 35234109 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-23): After further 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 5:18:02 PM Home
[redacted] [redacted] [redacted] [redacted] 627400428 35931183 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B FL Second Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a 8:22:22 AM Home
change in APR and a complete Closing Disclosure was
not received by borrower at least [redacted]
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400429 35230899 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-01-23): Approval 1/XX/2026 1 C A WA Second Purchase Non QM Non QM No
Documentation Processing Document provided. Exception is clear. 2:56:21 PM Home
Seller Comment (2026-01-22): uploaded uw
approval
Seller Comment (2026-01-22): underwriting
worksheet - approval
[redacted] [redacted] [redacted] [redacted] 627400429 35230971 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WA Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400429 35230972 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WA Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM Home
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400429 35230973 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WA Second Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 8:24:23 AM Home
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted] ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400430 35254751 Compliance Compliance Federal TRID TRID Lender Credit Tolerance Violation With TILA-RESPA Integrated Disclosure: [redacted] Valid COC missing Reviewer Comment (2025-12-17): Sufficient Cure 12/XX/2025 1 A A CT Primary Purchase Non QM Non QM Yes
Compliance Sufficient Cure Provided At Closing Percent Fee Tolerance exceeded for Lender Credits. Provided At Closing 8:59:22 AM
Final Lender Credit of $[redacted] exceeds
tolerance of $[redacted] Sufficient or excess cure
was provided to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400430 35254761 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Appraisal management fee exceeds the finance charge Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on 7:34:35 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400430 35254762 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Appraisal management fee exceeds the finance charge Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on 7:38:46 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400430 35254763 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Appraisal management fee exceeds the finance charge Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CT Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 10:28:51 AM Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400430 35254809 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CT Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than[redacted] from third party review 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400432 35230724 Credit Asset Asset Asset Guideline Issue:Insufficient asset - Reviewer Comment (2026-01-29): Not used to 1/XX/2026 1 C A KY Investment Purchase N/A N/A No
Documentation documentation. qualify, cleared. 3:50:29 PM
Seller Comment (2026-01-28): Sufficient funds
verified not using[redacted]account:
[redacted] [redacted]= Total $[redacted]
Funds required for closing and reserves:
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400437 35232213 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; review date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400437 35232246 Credit Guideline Guideline Guideline Refi Purpose reflects Rate/Term and cash out Cash to Borrower: ___; Total Cash Out: ___; Reviewer Comment (2026-01-23): Received 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Issue greater than the lesser of [redacted]% of Refi Purpose: ___ guideline attachment from lender. The 4:08:55 PM -
the loan amount or $[redacted] borrower may receive the greater Rate/Term
of[redacted]of the loan amount.
Seller Comment (2026-01-22): see uw guideline
Seller Comment (2026-01-22): see our portfolio
guide - cash back not to exceed greater of
[redacted]of loan amoun tor $[redacted]- in
this case loan amount is $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400439 35255647 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] A valid COC for the fee increase was not provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B OR Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400439 35255648 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] A valid COC for the fee increase was not provided. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B OR Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- 8:45:40 AM Home Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400439 35276489 Credit Credit Miscellaneous Guideline Credit Exception: Missing signed [redacted]. Residency Certification Reviewer Comment (2026-02-09): cleared lives 2/XX/2026 1 C A OR Second Purchase Non QM Non QM No
document confirming borrower's intention to reside in in [redacted] 10:29:59 AM Home
the [redacted].
Seller Comment (2026-02-02): [redacted]is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400439 35277641 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds The Max LTV is [redacted]% per nontraditional Borrower has been employed in the same industry for Approved DTI XXX Reviewer Comment (2026-01-21): Approved DTI 1/XX/2026 2 C B OR Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. guidelines for second home more than [redacted] years. exception from XXX exception from origination with comp factors 4:33:24 PM Home
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least origination XXX in file.
$[redacted] with comp XXX
Borrower has worked in the same position for more than factors in XXX Seller Comment (2026-01-20): Authorized
[redacted] years. file. Originator Approval attached, [redacted]% approval was
Borrower's monthly reserves have been verified and Pre-Close,XXX provided by Manager up to [redacted] LTV.
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400443 35237283 Credit Loan Package Application / Loan Package Mismatch of data related to Occupancy. - Occupancy: ___; Declarations/Will borrower As per declaration page Borrower has updated as yes for Reviewer Comment (2026-01-29): Occupancy 1/XX/2026 1 C A WI Second Refinance Non QM Non QM No
Documentation Processing Documentation occupy: ___ occupying the second Home. Certificate and Second home Rider provided, 2:11:30 PM Home -
cleared. Rate/Term
Seller Comment (2026-01-27): 2nd home rider
Seller Comment (2026-01-27): borrower sifned
2nd home rider
[redacted] [redacted] [redacted] [redacted] 627400443 35242753 Credit Loan Package Application / Loan Package [redacted] Error: Current State was not - Foreign address Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B WI Second Refinance Non QM Non QM No
Documentation Processing Documentation provided 8:48:11 AM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400443 35242825 Credit Guideline Guideline Guideline Aged document: Primary Valuation is older - Reviewer Comment (2026-01-29): Appraisal 1/XX/2026 1 C A WI Second Refinance Non QM Non QM No
Issue than guidelines permit recert/updated per guides, cleared. 2:19:03 PM Home -
Rate/Term
Seller Comment (2026-01-27): recert of value
Seller Comment (2026-01-27): recert of value
obtained
[redacted] [redacted] [redacted] [redacted] 627400443 35242879 Compliance Compliance Federal TILA Federal Loan Originator Compensation - Truth in Lending Act (NMLSR Dodd- Frank Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WI Second Refinance Non QM Non QM No
Compliance Individual LO Not NMLS Licensed at Time of [redacted]): Individual Loan Originator not NMLS 7:29:15 AM Home -
Application licensed or registered at time of application. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400443 35242881 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-29): After further 1/XX/2026 1 A A WI Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 2:33:39 PM Home -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400443 35242882 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B WI Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home - Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] Rate/Term the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400443 35242883 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B WI Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Reinspection Reinspection Fee. Fee Amount of $[redacted] exceeds 8:45:40 AM Home - Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance tolerance of $[redacted] Rate/Term the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400443 35242885 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-29): After further 1/XX/2026 1 C A WI Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 2:33:39 PM Home - provide updated
match Due Diligence Loan Designation of ATR Fail. Rate/Term ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400443 35242886 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify debt obligations using reasonably Reviewer Comment (2026-01-29): After further 1/XX/2026 1 C A WI Second Refinance Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable reliable third-party records. review, exception cleared. 2:33:39 PM Home -
third-party records. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400443 35243440 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Borrower resides in [redacted] and is currently working Reviewer Comment (2026-01-29): After further 1/XX/2026 1 C A WI Second Refinance Non QM Non QM No
Compliance and Assets - Schedule C verify Sole Proprietorship income using reasonably over there. Hence,[redacted]-Sch C won't be provided. review, exception cleared. 2:26:58 PM Home -
reliable third-party records. Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400443 35681651 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B WI Second Refinance TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 7:40:46 AM Home - Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners Rate/Term - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400448 35233486 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than[redacted] from third party review 1:18:34 PM -
FEMA disaster. Disaster Declaration Date: ___; date Rate/Term
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400448 35236312 Credit Income / Income Income / Verification(s) of employment is not within - Employment verification not within [redacted] calendar Reviewer Comment (2026-01-15): VOE is within 1/XX/2026 1 C A CA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. days [redacted]business days of Note. 2:05:52 AM -
Rate/Term
[redacted] [redacted] [redacted] [redacted] 627400450 35241569 Credit Credit General Credit Initial Rate Lock rate date is not Rate Lock document is missing. Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
documented in file. and cleared 4:05:58 PM
Seller Comment (2026-01-22): rate lock
agreement
Seller Comment (2026-01-22): see rate lock
[redacted] [redacted] [redacted] [redacted] 627400450 35241924 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Rate Lock document is missing. Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 B A NY Primary Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor and cleared 4:05:36 PM
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400450 35241926 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] [redacted] with an increasing payment disclosed the due 7:46:58 AM
with an increasing payment disclosed the due date date of the last payment of interest only that does not
of the last payment of interest only that does not match the actual last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400450 35241928 Compliance Compliance Federal TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program TIL variable rate disclosure: ARM loan program Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower within disclosure not provided to the borrower within 7:21:56 AM
[redacted] ([redacted]) days of application. [redacted] ([redacted]) days of application.
[redacted] [redacted] [redacted] [redacted] 627400451 35282806 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400451 35282876 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400451 35282879 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Appraisal Re-Inspection Fee added on [redacted] without Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- a valid change in circumstance. Cure was not provided at 8:45:40 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds closing. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400452 35234945 Credit Credit Transaction Credit Transaction Error: Total Cash-out on a Reviewer Comment (2026-02-10): OK 2/XX/2026 1 C A WA Investment Purchase N/A N/A No
Error purchase transaction. [redacted]exchange 8:59:51 AM
Seller Comment (2026-02-04): agree
Reviewer Comment (2026-02-03): Refer to buyer.
Seller Comment (2026-02-02): Refer to buyer.
Seller Comment (2026-02-02): agree
Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400452 35235352 Credit Income / Income Income / The verification of employment is required - The verification of employment is required and was not Reviewer Comment (2026-02-02): Vvoe provided. 2/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. found in file. 6:02:16 PM
Seller Comment (2026-02-02): RN license for
VOE - borrower is traveling RN
[redacted] [redacted] [redacted] [redacted] 627400452 35235353 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-02): Vvoe provided. 2/XX/2026 1 C A WA Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note 6:02:16 PM
Seller Comment (2026-02-02): uploaded
[redacted] [redacted] [redacted] [redacted] 627400456 35281849 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Other - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400456 35281850 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Projected Payments: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Second Refinance TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest 7:53:54 AM Home - Cash-out Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment for payment stream [redacted] that does not - Other - Provide the
interest payment for payment stream [redacted] that match the actual payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400457 35242443 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Product is [redacted] year interest only, Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Refinance Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] [redacted]/[redacted]months ARM file 7:46:58 AM - Cash-out
with an increasing payment disclosed the due date - Other
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400457 35242445 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] was Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a signed by borrower same day as closing [redacted]. guidelines. 8:46:57 PM - Cash-out
change in APR and a complete Closing Disclosure was - Other
not received by borrower at least [redacted]
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400457 35242446 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] was Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a signed by borrower same day as closing [redacted]. guidelines. 8:46:57 PM - Cash-out
change in loan product and a complete Closing - Other
Disclosure was not received by borrower at least
[redacted] ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400457 35242448 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242449 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242450 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242451 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242452 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242453 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35242454 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided after the Initial Closing Reviewer Comment (2026-01-27): Okay per 1/XX/2026 1 B A NY Primary Refinance No Defined Cure Non QM Non QM No
Compliance Received Date > Closing Disclosure Issue Estimate provided on or after the date the Closing Disclosure [redacted]. guidelines. 8:46:57 PM - Cash-out
and Received Date Disclosure was provided. (The Revised Loan Estimate - Other
was received on or after the Closing Disclosure.)
[redacted] [redacted] [redacted] [redacted] 627400457 35248361 Compliance Compliance Federal TRID TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Reviewer Comment (2025-12-16): Sufficient Cure 12/XX/2025 1 A A NY Primary Refinance Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - Percent Fee Tolerance exceeded for Reinspection Provided within [redacted]Days of Closing 1:56:18 PM - Cash-out following:
[redacted](f)([redacted]) Cure Fee. Fee Amount of $[redacted] exceeds tolerance - Other Letter of
of $[redacted] Sufficient or excess cure was Explanation
provided to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400459 35233144 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400461 35245991 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400461 35246013 Credit Credit General Credit Initial Rate Lock rate date is not Rate lock document and alternative document is not Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
documented in file. available and cleared 1:43:38 PM
Seller Comment (2026-01-22): see pg [redacted]
Seller Comment (2026-01-22): rate lock pg
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400461 35246205 Compliance Compliance Federal Missing Non- (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not Rate lock document is not available Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 B A CA Primary Purchase Non QM Non QM No
Compliance Required Data provided. Worst Case Scenario between Creditor and cleared 1:43:13 PM
Application Date and Transaction Date used to
determine rate used for testing.
[redacted] [redacted] [redacted] [redacted] 627400461 35246258 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Balloon TILA-RESPA Integrated Disclosure - Loan Terms: Information on final closing disclosure are updated as Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payment Test Final Closing Disclosure provided on [redacted] per the document 7:36:30 AM Disclosure Cure
incorrectly disclosed whether the loan contains a - Provide the
Balloon Payment. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400461 35246259 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Information on final closing disclosure are updated as Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] per the document 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400461 35246260 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent Valid cure document or change of circumstance not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final provided. 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400461 35246261 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid cure document or change of circumstance not Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- provided. 8:45:40 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400461 35246262 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Valid cure document or change of circumstance not Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. provided. 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400464 35242274 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Approved Lender Exception Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-01-21): Approved 1/XX/2026 2 C B FL Second Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. more than [redacted] years. exception for Originator exception for CLTV with comp factors provided 5:40:19 PM Home
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least CLTV with comp Pre-Close,XXX from origination.
$[redacted] factors XXX
Borrower has worked in the same position for more than provided from XXX Seller Comment (2026-01-20): Approval
[redacted] years. origination. XXX for[redacted]LTV exception to max [redacted]%
Borrower's monthly reserves have been verified and XXX LTV attached.
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400464 35242275 Credit Income / Income Income / Verification(s) of employment is not within - WVOE is not within [redacted] Business days from Note Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. date guidelines. 5:40:30 PM Home
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per [redacted]product guidelines a
written verification of employment only is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400464 35242277 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400464 35242281 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400464 35242282 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Credit Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Credit Report Report Fee. Fee Amount of $[redacted] exceeds tolerance 8:45:40 AM Home Refund Provide
Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
of $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. ( Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400466 35281423 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; No property inspections with photos after FEMA disaster Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; end date of [redacted]. Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400466 35281600 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): VOE 1/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted] calendar days of the Note. reverification N/A for [redacted] 2:49:25 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35281601 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): Alt Credit 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable [redacted] calendar days of the Note. Satisfied 2:49:25 PM Home - Cash-out
third-party records. - Other
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35281602 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): VOE 1/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] calendar days of the Note. reverification N/A for [redacted] 2:49:25 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400466 35281605 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded. Total amount Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of of $[redacted] exceeds tolerance of $[redacted] plus 10:06:37 AM Home - Cash-out Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] $[redacted] over legal - Other the Following:
[redacted]% or $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the Letter of
limit. Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400466 35281606 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Tax Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Tax Service Fee Service Fee (Life Of Loan). Fee Amount of $[redacted] 8:45:40 AM Home - Cash-out Refund Provide
(Life Of Loan). Fee Amount of $[redacted] exceeds exceeds tolerance of $[redacted] $[redacted] over legal - Other the Following:
tolerance of $[redacted] $[redacted] over legal limit. Insufficient or no cure was provided to the Letter of
limit. Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400466 35281637 Credit Income / Income Income / Verification(s) of employment is not within - Resetting for business days. Reviewer Comment (2026-01-15): VVOE is not 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. within [redacted]business days of note 9:47:21 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400466 35281638 Credit Income / Income Income / Verification(s) of employment is not within - Resetting for business days. Reviewer Comment (2026-01-15): VVOE is not 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. within [redacted]business days of note 9:47:21 AM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400466 35282171 Credit Income / Income Income / Income documentation requirements not met. Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. foreign national also we have the WVOE in file 1:42:30 PM Home - Cash-out
which verify the employment, Exception - Other
cleared.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35282173 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] calendar days of the Note. foreign national also we have the WVOE in file 1:43:27 PM Home - Cash-out
asset doc requirements which could result in a risk which verify the employment, Exception - Other
to the borrower's ability to repay. (Exception is cleared.
eligible to be regraded with compensating factors.)
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35282197 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall exception firing due to missing VVOE within Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline [redacted] calendar days of the Note. foreign national also we have the WVOE in file 1:44:28 PM Home - Cash-out
components, the loan is at ATR risk. which verify the employment, Exception - Other
cleared.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35487217 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. foreign national also we have the WVOE in file 1:45:50 PM Home - Cash-out
which verify the employment, Exception - Other
cleared.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400466 35487218 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 A CA Second Refinance Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. foreign national also we have the WVOE in file 1:45:50 PM Home - Cash-out
which verify the employment, Exception - Other
cleared.
Seller Comment (2026-01-28): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400469 35243825 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-01-28): provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing Document 11:29:17 AM
Seller Comment (2026-01-27): approval attached
[redacted] [redacted] [redacted] [redacted] 627400469 35243830 Credit Disclosure Missing Disclosure E-sign Consent Agreement is missing. - Reviewer Comment (2026-01-28): Provided 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Document 11:30:04 AM
Seller Comment (2026-01-27): esigne
Seller Comment (2026-01-27): final approval
Seller Comment (2026-01-27): esign
[redacted] [redacted] [redacted] [redacted] 627400469 35243859 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400469 35243861 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of Reviewer Comment (2026-01-20): Updated index, 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared cleared. 1:56:48 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge to the calculated Finance Charge of $[redacted] which - Provide the
on page [redacted] that does not match the actual exceeds the $[redacted] threshold following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400469 35243862 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan The disclosed Total of Payments in the amount of Reviewer Comment (2026-01-20): Updated index, 1/XX/2026 1 B A NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on $[redacted] is under disclosed by $[redacted] compared cleared. 1:56:48 PM Disclosure Cure
[redacted] disclosed an inaccurate Total of to the calculated total of payments of $[redacted] which - Provide the
Payments on page [redacted] that does not match the exceeds the $[redacted] threshold. following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400469 35243864 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Discount points added to CD dated Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount [redacted]/XX/[redacted] with no valid change of 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds circumstance. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400474 35241437 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were Credit report is not provided Reviewer Comment (2026-01-23): Received. 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Discrepancy / not met 3:36:23 PM Home - Cash-out
Guidelines Seller Comment (2026-01-22): international - Other
Discrepancy credit report
[redacted] [redacted] [redacted] [redacted] 627400474 35241439 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in FEMA disaster area. A Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date - Other
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400474 35241577 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Borrower has foreign national income , required source Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not document is not available [redacted]guidelines. 4:27:05 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. - Other ATR/QM status
Seller Comment (2026-02-10): Foreign income -
CPA Income Letter is used for income
qualifications and attached
[redacted] [redacted] [redacted] [redacted] 627400474 35241578 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank [redacted]): Unable to Borrower has foreign national income , required source Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable document is not available [redacted]guidelines. 4:27:05 PM Home - Cash-out
third-party records. - Other
Seller Comment (2026-02-10): Foreign income -
CPA Income Letter is used for income
qualifications and attached
[redacted] [redacted] [redacted] [redacted] 627400474 35241579 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Borrower has foreign national income , required source Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable document is not available [redacted]guidelines. 4:27:05 PM Home - Cash-out
third-party records. - Other
Seller Comment (2026-02-10): doc upload
Seller Comment (2026-02-10): Foreign income -
CPA Income Letter is used for income
qualifications and attached
[redacted] [redacted] [redacted] [redacted] 627400474 35241580 Compliance Compliance Federal ATR/QM Defect Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank [redacted]): There Borrower has[redacted] income , required source document Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance are guideline deficiencies which could result in a is not available [redacted]guidelines. 4:27:05 PM Home - Cash-out
risk to the borrower's ability to repay. - Other
(Exception is eligible to be regraded with Seller Comment (2026-02-10): Foreign income -
compensating factors.) CPA Income Letter is used for income
qualifications and attached
[redacted] [redacted] [redacted] [redacted] 627400474 35241581 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Borrower has foreign national income , required source Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 A A CA Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. document is not available [redacted]guidelines. 4:27:05 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400474 35241582 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Second Refinance Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount $[redacted] on LE but disclosed as $[redacted] on Final 8:45:40 AM Home - Cash-out Refund Provide
Points. Fee Amount of $[redacted] exceeds Closing Disclosure. File does not contain a valid COC - Other the Following:
tolerance of $[redacted] $[redacted] over legal for this fee, cure provided at closing. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400474 35241610 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Borrower has foreign national income , required source Reviewer Comment (2026-02-10): Okay per 2/XX/2026 1 C A CA Second Refinance Non QM Non QM No
Compliance Guidelines the loan failing [redacted] or more guideline document is not available [redacted]guidelines. 4:27:47 PM Home - Cash-out
components, the loan is at ATR risk. - Other
Seller Comment (2026-02-10): Foreign income -
CPA Income Letter is used for income
qualifications and attached
[redacted] [redacted] [redacted] [redacted] 627400479 35242168 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Hazard Insurance Coverage Amount is insufficient by Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A WA Primary Purchase Non QM Non QM No
Analysis coverage amount is insufficient. $[redacted] guidelines. 11:37:42 PM
Seller Comment (2026-01-20): See attached
(Coverage A Plus) which provide damages
coverage to the property even if it exceeds
dwelling coverage of [redacted].
[redacted] [redacted] [redacted] [redacted] 627400479 35242169 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-01-20): Provided and 1/XX/2026 1 C A WA Primary Purchase Non QM Non QM No
Documentation Processing Document cleared. 11:38:06 PM
Seller Comment (2026-01-20): See UW Worksheet
as well as [redacted] for UW approval.
[redacted] [redacted] [redacted] [redacted] 627400481 35233500 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-02-07): BPO provided 2/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; and cleared. 8:16:54 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400483 35242554 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Page [redacted] of closing disclosure issued [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [redacted] Disclosures: Amount of Estimated Property Costs lists Estimated Taxes, Insurance & Assessments of 7:58:07 AM - Cash-out Explanation &
[redacted] over Year [redacted] of on Final Closing $[redacted] monthly. However, page [redacted] non- - Other Corrected
Disclosure provided on [redacted] are escrowed Estimated Property Costs over Year [redacted] Closing
underdisclosed of $[redacted] Disclosure
[redacted] [redacted] [redacted] [redacted] 627400483 35242555 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Closing Disclosure pages [redacted] and [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on indicate no escrows, however page [redacted] indicates 8:01:57 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan there will be an escrow account but lists all expense as - Other Corrected
will have an escrow account. non-escrowed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400483 35242556 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Closing Disclosure pages [redacted] and [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on indicate no escrows, however page [redacted] indicates 8:03:43 AM - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan there will be an escrow account but lists all expense as - Other Corrected
will have an escrow account. non-escrowed. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400483 35242613 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Interest Only until" term and/or frequency is blank or Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Refinance Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] does not match the terms of the note. 7:46:58 AM - Cash-out
with an increasing payment disclosed the due date - Other
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400484 35242006 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 7:46:58 AM
with an increasing payment disclosed the due date payment of interest only that does not match the actual
of the last payment of interest only that does not last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400484 35242008 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] was Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a received less than [Redacted] business days from closing 8:24:23 AM
change in loan product and a complete Closing date of [redacted].
Disclosure was not received by borrower at least
[Redacted] ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400487 35233998 Credit Income / Income Missing REO Documents are missing. - Mortgage statement was not found in file. Reviewer Comment (2026-01-23): REO mortgage 1/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document statements provided, cleared. 5:39:39 PM
Seller Comment (2026-01-22): other [redacted]
properties
Seller Comment (2026-01-22): borrower was
purhcasing [redacted] and [redacted]Watch Hill
at the same time as subject
[redacted] [redacted] [redacted] [redacted] 627400488 35233632 Credit Income / Income Missing REO Documents are missing. - Missing statement/CD verifying PITI on other [redacted] Reviewer Comment (2026-02-03): Closing 2/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document properties. statement provided, cleared. 5:55:22 PM
Seller Comment (2026-02-02): uploaded
Seller Comment (2026-02-02): CD's
[redacted] [redacted] [redacted] [redacted] 627400488 35233635 Credit Income / Income Missing REO Documents are missing. - Missing statement/CD verifying PITI on other [redacted] Reviewer Comment (2026-02-03): Closing 2/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document properties. statement provided, cleared. 5:56:15 PM
[redacted] [redacted] [redacted] [redacted] 627400488 35233637 Credit Income / Income Missing REO Documents are missing. - Missing statement/CD verifying PITI on other [redacted] Reviewer Comment (2026-02-03): Closing 2/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document properties. statement provided, cleared. 5:55:27 PM
Seller Comment (2026-02-02): uploaded
[redacted] [redacted] [redacted] [redacted] 627400488 35234568 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Approved exception in file for LTV from origination. Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-15): Approved 12/XX/2025 2 B B OK Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. more than [redacted] years. XXX exception in file for LTV from origination. 2:43:50 PM
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least XXX
$[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400489 35233807 Credit Income / Income Missing REO Documents are missing. - Insurance Verification, Statement, Tax Verification Reviewer Comment (2026-01-23): REO docs 1/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document missing received. 2:35:31 PM
Seller Comment (2026-01-22): see attached
[redacted] [redacted] [redacted] [redacted] 627400490 35233557 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Lender approved exception for [redacted]% LTV/CLTV Borrower has verified disposable income of at least Approved XXX Reviewer Comment (2026-01-21): Approved 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exception. $[redacted] exception for XXX exception for CLTV with comp factors provided 5:52:31 PM
Eligibility Eligibility Eligibility Borrower has worked in the same position for more than CLTV with comp Originator from origination.
[redacted] years. factors Pre-Close,XXX
Borrower's monthly reserves have been verified and provided from XXX Seller Comment (2026-01-20): Manager approval
exceed the amount required based on the guidelines by origination. XXX attached for LTV exception to [redacted] LTV.
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400490 35233558 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Lender approved exception for [redacted]% LTV/CLTV Borrower has verified disposable income of at least Approved XXX Reviewer Comment (2026-01-21): Approved 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage exception. $[redacted] exception for XXX exception for CLTV with comp factors provided 5:52:38 PM
Guidelines of ___. Borrower has worked in the same position for more than CLTV with comp Originator from origination.
Discrepancy [redacted] years. factors Pre-Close,XXX
Borrower's monthly reserves have been verified and provided from XXX Seller Comment (2026-01-20): See Loan
exceed the amount required based on the guidelines by origination. XXX Exception ID #[redacted]
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
[redacted] [redacted] [redacted] [redacted] 627400492 35244081 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The FEMA Disaster Area in Insurance tab has been Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; inspected dock [redacted] Greater than v from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400492 35244441 Credit Credit Miscellaneous Guideline Credit Exception: Lender exception requested for short of $[redacted] for Borrower's monthly reserves have been verified and Client elects Originator,XXX Reviewer Comment (2026-01-29): Client elects 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
reserves. [redacted] months PITIA required for reserves exceed the amount required based on the guidelines by to waive. XXX,Originator to waive with compensating factors: DTI under 1:37:52 PM
($[redacted]K relationship-verified). at least [redacted] months. Client elects [redacted], employed in same field over
The qualifying DTI on the loan is at least [redacted]% to waive. [redacted] years, sufficient liquid assets for
less than the guideline maximum. closing and [redacted] relationship verified.
Seller Comment (2026-01-27): [redacted]
manager approval for reserve shortage of
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400492 35244458 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Guideline requirement not met due to missing income Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not documentation. Therefore ATR risk failed. [redacted] guidelines. 12:56:27 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-02-03): [redacted] ATR
screen
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400492 35244459 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Due to Third party verification is missing. Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status [redacted] guidelines. 12:56:27 PM
using reasonably reliable third-party records.
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400492 35244460 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Guideline requirement not met due to missing income Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not documentation. Therefore ATR risk failed. 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400492 35244461 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Guideline requirement not met due to missing income Reviewer Comment (2026-02-03): Okay per 2/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. documentation. Therefore ATR risk failed. [redacted] guidelines. 12:56:27 PM
[redacted] [redacted] [redacted] [redacted] 627400492 35244462 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Lender Credits. 8:30:31 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of the Following:
$[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400492 35244464 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] No Valid change of circumstance provided for increase to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded. Total amount of Recording Fees. 10:06:37 AM Refund Provide
$[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400492 35244490 Credit Income / Income Income / The verification of employment is required - Require VVOE within [redacted] business days form note Reviewer Comment (2026-02-03): Foreign 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. date. borrower. 12:41:48 PM
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400492 35244491 Credit Income / Income Income / Verification(s) of employment is not within - Require VVOE within [redacted] business days form note Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. date. business days 3:10:45 PM
[redacted] [redacted] [redacted] [redacted] 627400492 35480375 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-02-03): Foreign 2/XX/2026 1 A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. borrower. 12:41:31 PM
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400494 35285603 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Calculated loan to value percentage of [redacted]% Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A PA Primary Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exceeds Guideline loan to value percentage of [redacted] guidelines 4:44:26 PM
Eligibility Eligibility Eligibility [redacted]%.
Buyer Comment (2026-02-02): Borrower does not
meet LTV guideline. See sellers comment
Reviewer Comment (2026-01-29): Borrower does
not have any Fico scores from [redacted] and
we only have the non traditional credit
report. The max LTV is updated based on no
scores for the borrower, Exception remains.
Seller Comment (2026-01-28): borrower meets
new to country guidelines for using
traditional guidelines - which purchae of
primary allows for [redacted] ltv see page
[redacted] of [redacted] of guidelines -
[redacted] paystub, international credit
report - shows [redacted] mortgage since
[redacted]
[redacted] [redacted] [redacted] [redacted] 627400494 35285604 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Calculated combined loan to value percentage of Reviewer Comment (2026-02-02): Okay per 2/XX/2026 1 C A PA Primary Purchase Non QM Non QM No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage [redacted]% exceeds Guideline combined loan to value [redacted] guidelines 4:43:44 PM
Guidelines of ___. percentage of [redacted]%.
Discrepancy Buyer Comment (2026-02-02): Please review,
borrower doesnt meet LTV guides
Buyer Comment (2026-02-02): Borrower does not
meet LTV guideline. See sellers comment
Seller Comment (2026-01-30): Send To Buyer
Seller Comment (2026-01-29): see pg [redacted]
of guides
Seller Comment (2026-01-29): us paystub
Seller Comment (2026-01-29): borrower meets
new to country guidelines for traditional -
has [redacted] paytub, international credit
report shows history of over [redacted] years
- borrower has a mortgage with [redacted]
since [redacted]- for history
Reviewer Comment (2026-01-29): Borrower does
not have any Fico scores from [redacted] and
we only have the non traditional credit
report. The max LTV is updated based on no
scores for the borrower, Exception remains.
Seller Comment (2026-01-28): international
credit report shows open [redacted] mortgage
Seller Comment (2026-01-28): us income
Seller Comment (2026-01-28): guides
[redacted] [redacted] [redacted] [redacted] 627400495 35232571 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds The representative FICO score exceeds the guideline XXX Reviewer Comment (2025-12-16): Client elects 12/XX/2025 2 B B OK Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. minimum by at least [redacted] points. XXX to waive and downgrade based on the following 1:47:10 PM
Eligibility Eligibility Eligibility Borrower's monthly reserves have been verified and comps:
exceed the amount required based on the guidelines by Borrower has a high FICO of [redacted]
at least [redacted] months. Borrower has [redacted] in assets and received
rent on subject property.
[redacted] [redacted] [redacted] [redacted] 627400495 35232572 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ The representative FICO score exceeds the guideline XXX Reviewer Comment (2025-12-16): Client elects 12/XX/2025 2 B B OK Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage minimum by at least [redacted] points. XXX to waive and downgrade based on the following 1:46:57 PM
Guidelines of ___. Borrower's monthly reserves have been verified and comps:
Discrepancy exceed the amount required based on the guidelines by Borrower has a high FICO of [redacted]
at least [redacted] months. Borrower has [redacted] in assets and received
rent on subject property.
[redacted] [redacted] [redacted] [redacted] 627400495 35248265 Credit Credit Miscellaneous Guideline Credit Exception: Approved lender exception for increasing max LTV from The representative FICO score exceeds the guideline XXX Reviewer Comment (2025-12-16): Client elects 12/XX/2025 2 B B OK Investment Purchase N/A N/A No
[redacted]% to [redacted]% comp factors are FICO of minimum by at least [redacted] points. XXX to waive and downgrade based on the following 1:46:35 PM
[redacted] rent on subject property, borrower has Borrower's monthly reserves have been verified and comps:
$[redacted]k in assets. exceed the amount required based on the guidelines by Borrower has a high FICO of [redacted]
at least [redacted] months. Borrower has [redacted] in assets and received
rent on subject property.
[redacted] [redacted] [redacted] [redacted] 627400496 35245227 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Letter of Non QM Non QM Yes
Compliance Minimum Interest Rate Interest Rate Table: Final Closing Disclosure disclosed a Minimum Interest Rate that does not match 7:34:09 AM Explanation &
provided on [redacted] disclosed a Minimum Interest the actual minimum interest rate for the loan. Corrected
Rate that does not match the actual minimum Closing
interest rate for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400496 35245228 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400496 35245229 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected : Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400496 35245230 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400496 35245240 Compliance Compliance Federal TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program ARM loan program disclosure not provided to the borrower Reviewer Comment (2026-01-20): After further 1/XX/2026 1 B A CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower within within [redacted] days of application. review, exception cleared. 11:18:03 PM
three ([redacted]) days of application.
[redacted] [redacted] [redacted] [redacted] 627400496 35245278 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee was not disclosed on Loan Estimate. File does not Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- contain a valid COC for this fee, nor evidence of cure 8:45:40 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds .. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400496 35245279 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Fee disclosed was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Transfer Tax. but disclosed as $[redacted]on Final Closing Disclosure. 8:45:40 AM Refund Provide
Fee Amount of $[redacted] exceeds tolerance of File does not contain a valid COC for this fee, nor the Following:
$[redacted] $[redacted] over legal limit. evidence of cure in file. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400496 35245303 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400496 35245347 Credit Income / Income Income / Verification(s) of employment is not within - This file was missing a copy of VVOE. Per guidelines, Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. Verbal Verification of Employment VVOE completed within guidelines. 11:13:06 PM
[redacted] days of closing must be provided.
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400496 35245379 Credit Income / Income Income / Income Docs Missing: - This file was missing a copy of VVOE. Per guidelines, Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment Verbal Verification of Employment VVOE completed within guidelines. 11:13:18 PM
[redacted] days of closing must be provided.
[redacted] [redacted] [redacted] [redacted] 627400496 35245404 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): [redacted] exception due to missing verification of Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not employment. guidelines. 11:14:14 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400496 35245405 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] exception due to missing verification of Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, employment. guidelines. 11:14:14 PM
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400497 35236094 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400497 35236109 Credit Credit General Credit Initial Rate Lock rate date is not Initial Rate Lock rate date is missing in file. Reviewer Comment (2026-01-23): Doc provided 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
documented in file. and cleared 1:47:43 PM
Seller Comment (2026-01-22): see pg [redacted]
[redacted] [redacted] [redacted] [redacted] 627400509 35271354 Credit Income / Income Missing REO Documents are missing. - ___ Reviewer Comment (2026-02-02): Provided and 2/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Employment Documentation Document cleared. 6:00:53 PM
Seller Comment (2026-01-30): Send to Buyer -
agree no verification of employment withing
[redacted] business days of note date
Seller Comment (2026-01-30): credit report -
see property info
Seller Comment (2026-01-30): see credit report
Seller Comment (2026-01-30): see international
credit report
[redacted] [redacted] [redacted] [redacted] 627400509 35271427 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-23): Waive 2/XX/2026 2 B B NJ Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on disclosed an inaccurate Total of Payments on page 10:35:05 AM Disclosure Cure
[redacted] disclosed an inaccurate Total of [redacted] that does not match the actual total of - Provide the
Payments on page [redacted] that does not match the payments for the loan (fee amounts included in TOP following:
actual total of payments for the loan (fee amounts calculation are based on Closing Disclosure dated Letter of
included in TOP calculation are based on Closing [redacted]). The disclosed Total of Payments in the Explanation,
Disclosure dated [redacted]). The disclosed Total amount of $[redacted] is under disclosed by $[redacted] Proof of
of Payments in the amount of $[redacted] is under compared to the calculated total of payments of Delivery,
disclosed by $[redacted] compared to the calculated $[redacted] which exceeds the $[redacted] threshold Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400509 35271433 Credit Income / Income Income / Verification(s) of employment is not within - VVOE not within [redacted] calendar days of note. Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 9:53:21 AM
[redacted] [redacted] [redacted] [redacted] 627400509 35487269 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B NJ Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. more than [redacted] years. XXX to regrade and waive 10:35:35 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-02): Assigning to
Borrower's monthly reserves have been verified and buyer per seller comment on other exception.
exceed the amount required based on the guidelines by No [redacted] day VOE provided.
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400515 35230005 Credit Income / Income Missing REO Documents are missing. - ___ The file was missing verification of the PITI payment Reviewer Comment (2026-02-06): Provided and 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Employment Documentation Document ___ for the C[redacted] [redacted] property. cleared 8:32:00 AM
Seller Comment (2026-02-06): International
Credit Report showing [redacted] property tax
[redacted] [redacted] [redacted] [redacted] 627400515 35230035 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]: Originator Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-10): removed asset 2/XX/2026 1 C A GA Primary Purchase Lender to Non QM Non QM Yes
Compliance Loan Designation of Non QM does not match Due [redacted] statements causing the loan to waterfall that was in file dated post close 9:06:35 AM provide updated
Diligence Loan Designation of ATR Fail. through QM testing, resulting in a Loan Designation ATR/QM status
Discrepancy. Seller Comment (2026-02-09): Final 1003 shows
Borrower resided and worked for [redacted]
located in the [redacted] from [redacted]
through [redacted]. [redacted] and [redacted]
[redacted]s not applicable.
[redacted] [redacted] [redacted] [redacted] 627400515 35230036 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted] : Unable to Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-10): removed asset 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Compliance and Assets - Assets verify assets using reasonably reliable third-party [redacted] statements causing the loan to [redacted] that was in file dated post close 9:06:35 AM
records. through QM testing.
Seller Comment (2026-02-09): Final 1003 shows
Borrower resided and worked for [redacted]
located in the [redacted] from [redacted]
through [redacted]. [redacted] and [redacted]
[redacted]s not applicable.
[redacted] [redacted] [redacted] [redacted] 627400515 35230038 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted] : General Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-10): removed asset 2/XX/2026 1 A A GA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] statements causing the loan to [redacted] that was in file dated post close 9:06:35 AM
through QM testing.
[redacted] [redacted] [redacted] [redacted] 627400515 35230039 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B GA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 7:46:58 AM
with an increasing payment disclosed the due date payment of interest only that does not match the actual
of the last payment of interest only that does not last payment for the loan.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400515 35230040 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Fee The Lender Credits. Final Lender Credit of [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B GA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Tolerance exceeded for Lender Credits. Final exceeds tolerance of [redacted] Insufficient or no cure 8:30:31 AM Refund Provide
Lender Credit of [redacted] exceeds tolerance of was provided to the borrower the Following:
[redacted] Insufficient or no cure was provided to Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400515 35230041 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee The Transfer Tax Fee Amount of [redacted] exceeds Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B GA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Transfer Tax. Fee Amount of tolerance of [redacted] [redacted] over legal limit. 8:45:40 AM Refund Provide
[redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. the Following:
[redacted] over legal limit. Insufficient or no Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400515 35231263 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted] : There are Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-09): Cleared after 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted] statements causing the loan to waterfall further review 3:30:12 PM
asset doc requirements which could result in a risk through QM testing.
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-09): Final 1003 shows
eligible to be regraded with compensating factors.) Borrower resided and worked for [redacted]
located in the [redacted]from [redacted]
through [redacted]. [redacted] and [redacted]
[redacted]s not applicable.
[redacted] [redacted] [redacted] [redacted] 627400515 35231264 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted] : Based on Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-09): Cleared after 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted] statements causing the loan to [redacted] further review 3:30:20 PM
the loan is at ATR risk. through QM testing.
Seller Comment (2026-02-09): Final 1003 shows
Borrower resided and worked for [redacted]
located in the [redacted] from [redacted]
through [redacted]. [redacted] and [redacted]
[redacted]s not applicable.
[redacted] [redacted] [redacted] [redacted] 627400515 35231265 Credit Income / Income Income / Income documentation requirements not met. Missing most recent [redacted] and [redacted] Reviewer Comment (2026-02-09): Cleared after 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] statements. further review 3:30:38 PM
Seller Comment (2026-02-09): Final 1003
Seller Comment (2026-02-09): Final 1003 shows
Borrower resided and worked for [redacted]
located in the [redacted] from [redacted]
through [redacted]. [redacted] and [redacted]
[redacted]s not applicable.
Seller Comment (2026-02-06): Agree
Reviewer Comment (2026-02-06): Client agrees
with exception.
Seller Comment (2026-02-06): [redacted] is
unable to provide and agrees with exception.
[redacted] [redacted] [redacted] [redacted] 627400515 35258012 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Reviewer Comment (2026-02-06): [redacted] "New 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Mortgage Program Mortgage discrepancy. to country" traditional credit guidelines 9:13:22 AM
Eligibility Eligibility Eligibility allows up to [redacted]LTV
Seller Comment (2026-02-06): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400515 35258013 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Reviewer Comment (2026-02-06): [redacted] "New 2/XX/2026 1 C A GA Primary Purchase Non QM Non QM No
Discrepancy / value discrepancy. to country" traditional credit guidelines 9:13:22 AM
Guidelines allows up to [redacted]LTV
Discrepancy
Seller Comment (2026-02-06): Borrower falls
under [redacted] "New to Country" traditional
credit guidelines. Maximum LTV [redacted].
Seller Comment (2026-02-06): Duplicate
[redacted] [redacted] [redacted] [redacted] 627400516 35271696 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee File does not contain a valid COC for this fee and no Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Loan Discount Points. Fee cure provided at closing for [redacted] Fee Tolerance 8:45:40 AM Refund Provide
Amount of [redacted] exceeds tolerance of exceeded for Loan Discount Points. Fee Amount of the Following:
[redacted] [redacted] over legal limit. [redacted] exceeds tolerance of [redacted] Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400516 35271697 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee File does not contain a valid COC for this fee and no Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Credit Report Re-Issue Fee. cure provided at closing for [redacted] Fee Tolerance 8:45:40 AM Refund Provide
Fee Amount of [redacted] exceeds tolerance of exceeded for Credit Report Re-Issue Fee. Fee Amount of the Following:
[redacted] [redacted] over legal limit. [redacted] exceeds tolerance of [redacted] Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400517 35269584 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Amount of Estimated Property Costs over Year [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Purchase Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [redacted] Disclosures: Amount of Estimated Property Costs of on Final Closing Disclosure provided on [redacted] 7:58:07 AM Explanation &
over Year [redacted] of on Final Closing are under disclosed. Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400517 35269585 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Page [redacted] & [redacted] of Closing Disclosure does Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on not show the loan has an escrow account, however, page 8:01:57 AM Explanation &
[redacted] incorrectly disclosed whether the loan [redacted] shows the loan as having an escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400517 35269586 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Page [redacted] & [redacted] of Closing Disclosure does Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on not show the loan has an escrow account, however, page 8:03:43 AM Explanation &
[redacted] incorrectly disclosed whether the loan [redacted] shows the loan as having an escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400517 35269588 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Appraisal Fee. Fee Amount [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee 8:45:40 AM Refund Provide
of [redacted] exceeds tolerance of [redacted] Amount of [redacted] exceeds tolerance of [redacted] the Following:
[redacted] over legal limit. Insufficient or no [redacted] over legal limit. Insufficient or no cure was Letter of
cure was provided to the borrower. provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400517 35269589 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Credit Report Re-Issue Fee. [redacted] Fee Tolerance exceeded for Credit Report Re- 8:45:40 AM Refund Provide
Fee Amount of [redacted] exceeds tolerance of Issue Fee. Fee Amount of [redacted] exceeds tolerance of the Following:
[redacted] [redacted] over legal limit. [redacted] [redacted] over legal limit. Insufficient or Letter of
Insufficient or no cure was provided to the no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400517 35269590 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee The file is missing a valid Change of Circumstance for Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Document Preparation Fee. Z[redacted] Fee Tolerance exceeded for Document 8:45:40 AM Refund Provide
Fee Amount of [redacted] exceeds tolerance of Preparation Fee. Fee Amount of [redacted] exceeds the Following:
[redacted] [redacted] over legal limit. tolerance of [redacted] [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400520 35274515 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400521 35273526 Credit Income / Income Missing REO Documents are missing. - Insurance and Tax Verification are missing for Flat Reviewer Comment (2026-01-22): Cleared after 1/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Employment Documentation Document [redacted]. further review 5:28:18 PM
Seller Comment (2026-01-21): Per UW WS
attached, UW calculated expenses on this
property as follows: Property is managed by
professional agent, [redacted] rent and
expenses reports provided. Using the Schedule
E total of Commissions ([redacted]),
Management Fees ([redacted]), and Taxes
[redacted] to conservatively account for all
expenses. [redacted].
[redacted] [redacted] [redacted] [redacted] 627400521 35273593 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan The disclosed Amount Financed in the amount of Reviewer Comment (2026-01-20): updated index, 1/XX/2026 1 B A NJ Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on [redacted] is over-disclosed by [redacted] compared to cleared. 2:20:26 PM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed the calculated Amount Financed of [redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of[redacted] is over Letter of
disclosed by [redacted] compared to the calculated Explanation,
Amount Financed of [redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400521 35273594 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of [redacted] Reviewer Comment (2026-01-20): updated index, 1/XX/2026 1 B A NJ Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on is under-disclosed by [redacted] compared to the cleared. 2:20:26 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge calculated Finance Charge of [redacted] which exceeds - Provide the
on page [redacted] that does not match the actual the [redacted] threshold. following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of [redacted] which exceeds the Delivery,
[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400521 35273595 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan The disclosed Total of Payments in the amount of Reviewer Comment (2026-01-20): updated index, 1/XX/2026 1 B A NJ Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on [redacted] is under disclosed by [redacted] cleared. 2:20:26 PM Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]. The disclosed Total Proof of
of Payments in the amount of [redacted] is under Delivery,
disclosed by [redacted] compared to the calculated Refund check
total of payments of [redacted] which exceeds the for
[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400521 35273596 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Credit Report Re-Issue Fee on closing disclosure is Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Credit Report Re-Issue Fee. [redacted] and on loan estimate [redacted] No Valid 8:45:40 AM Refund Provide
Fee Amount of [redacted] exceeds tolerance of Change of circumstance in the file nor evidence of cure. the Following:
[redacted] [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400521 35273597 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Reinspection Fee increased to [redacted] on final Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NJ Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Reinspection Fee. Fee Closing Disclosure. No Valid Change of circumstance in 8:45:40 AM Refund Provide
Amount of [redacted] exceeds tolerance of the file nor evidence of cure. the Following:
[redacted] [redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400521 35285622 Credit Income / Income Income / Income documentation requirements not met. [redacted] of employment was not provided for the co- Reviewer Comment (2026-01-22): Cleared after 1/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Employment Documentation Employment borrower. further review 5:07:55 PM
Seller Comment (2026-01-21): Per Worksheet
attached in loan exception ID
#[redacted]borrower was previously a student
at the [redacted] [redacted]- [redacted] prior
to employment with [redacted] [redacted] on
[redacted]. (Employment-Borrower [redacted] on
[redacted]).
[redacted] [redacted] [redacted] [redacted] 627400521 35285623 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing [redacted] Reviewer Comment (2026-01-22): Cleared after 1/XX/2026 1 C A NJ Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not of employment for the co-borrower. further review 5:08:11 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-01-21): General ATR (Not Designation
QM) is designation for this loan since foreign
assets were used for closing.
[redacted] [redacted] [redacted] [redacted] 627400521 35285624 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted] : There are [redacted] due to missing two years of employment for Reviewer Comment (2026-01-22): Cleared after 1/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or the co-borrower. further review 5:08:21 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-21): See loan
eligible to be regraded with compensating factors.) exception ID #[redacted]
[redacted] [redacted] [redacted] [redacted] 627400521 35285625 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]: Based on [redacted] due to missing [redacted] of employment for Reviewer Comment (2026-01-22): Cleared after 1/XX/2026 1 C A NJ Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, the co-borrower. further review 5:08:28 PM
the loan is at ATR risk.
Seller Comment (2026-01-21): See loan
exception ID #[redacted].
[redacted] [redacted] [redacted] [redacted] 627400522 35234185 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-29): Approved LTV 1/XX/2026 2 C B IL Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. $[redacted] XXX exception with comp factors provided from 2:47:38 PM
Eligibility Eligibility Eligibility Borrower's monthly reserves have been verified and XXX origination.
exceed the amount required based on the guidelines by XXX
at least [redacted] months. XXX Seller Comment (2026-01-28): approval of
Borrowers made a down payment from their own funds on exception
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-01-28): ltv exception
The qualifying DTI on the loan is at least [redacted]% granted
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400522 35234186 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-29): Approved LTV 1/XX/2026 2 C B IL Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage $[redacted] XXX exception with comp factors provided from 2:47:44 PM
Guidelines of ___. Borrower's monthly reserves have been verified and XXX origination.
Discrepancy exceed the amount required based on the guidelines by XXX
at least [redacted] months. XXX Seller Comment (2026-01-28): exception screen
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and Seller Comment (2026-01-28): ltv exception
$[redacted] granted
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400527 35280707 Credit Income / Income Missing REO Documents are missing. - The file is missing a copy of Tax Verification. Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Document cleared. 7:58:53 PM
Seller Comment (2026-01-16): see page one of
provided International credit report for
[redacted] Close annual tax amount
[redacted] [redacted] [redacted] [redacted] 627400527 35281163 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:52:09 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400527 35281164 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A FL Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 5:52:09 PM Redisclosure
did not disclose the actual Date Issued. Unable to Unable to conclusively determine Final Closing
conclusively determine Final Closing disclosure to disclosure to use to test for compliance with applicable
use to test for compliance with applicable TRID TRID timing requirements, TRID fee tolerance testing or
timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to
accuracy of disclosures at or before consummation missing Issue Date. Tested using an estimated Date
due to missing Issue Date. Tested using an Issued based on best information available.
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400527 35281166 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee [redacted] Fee Tolerance exceeded for Loan Discount Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Loan Discount Points. Fee Points. Fee Amount of [redacted] exceeds tolerance of 8:45:40 AM Refund Provide
Amount of [redacted] exceeds tolerance of [redacted] [redacted] over legal limit. Insufficient or the Following:
[redacted] [redacted] over legal limit. no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400527 35281167 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee [redacted] Fee Tolerance exceeded for Credit Report Fee. Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Credit Report Fee. Fee Fee Amount of [redacted] exceeds tolerance of [redacted] 8:45:40 AM Refund Provide
Amount of [redacted] exceeds tolerance of [redacted] over legal limit. Insufficient or no cure was the Following:
[redacted] [redacted] over legal limit. provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400527 35281168 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee [redacted] Fee Tolerance exceeded for Document Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Document Preparation Fee. Preparation Fee. Fee Amount of [redacted] exceeds 8:45:40 AM Refund Provide
Fee Amount of [redacted] exceeds tolerance of tolerance of [redacted] [redacted] over legal limit. the Following:
[redacted] [redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400527 35281267 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted].
[redacted] [redacted] [redacted] [redacted] 627400527 35281418 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days 3:14:42 PM
[redacted] [redacted] [redacted] [redacted] 627400527 35480405 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 5:50:25 PM
Seller Comment (2026-01-20): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400529 35271022 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400529 35271272 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase Letter of Non QM Non QM Yes
Compliance First Change Frequency Test Interest Rate Table: Final Closing Disclosure disclosed a First Change frequency that does not match review, exception cleared. 5:21:02 PM Explanation &
provided on [redacted] disclosed a First Change the actual first change frequency for the loan. Corrected
frequency that does not match the actual first Closing
change frequency for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400529 35271273 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan The disclosed Finance Charge in the amount of [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on is under disclosed by [redacted] compared to the review, exception cleared. 5:21:02 PM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge calculated Finance Charge of [redacted] which exceeds - Provide the
on page [redacted] that does not match the actual the [redacted] threshold (fee amounts included in Reviewer Comment (2026-01-22): EXCEPTION following:
Finance Charge for the loan. The disclosed Finance Finance Charge calculation are based on Closing HISTORY - Exception Detail was updated on Letter of
Charge in the amount of [redacted] is under Disclosure. [redacted] PRIOR Exception Detail: TILA-RESPA Explanation,
disclosed by [redacted] compared to the calculated Integrated Disclosure - Loan Calculations: Proof of
Finance Charge of [redacted] which exceeds the Final Closing Disclosure provided on Delivery,
[redacted] threshold (fee amounts included in [redacted] disclosed an inaccurate Finance Refund check
Finance Charge calculation are based on Closing Charge on page [redacted] that does not match for
Disclosure dated [redacted]). the actual Finance Charge for the loan. The underdisclosed
disclosed Finance Charge in the amount of amount,
[redacted] is under disclosed by [redacted] Corrected CD,
compared to the calculated Finance Charge of and Re-open
[redacted] which exceeds the [redacted] Rescission
threshold (fee amounts included in Finance (required on
Charge calculation are based on Closing rescindable
Disclosure dated [redacted]). transactions)
(Final/[redacted])
[redacted] [redacted] [redacted] [redacted] 627400529 35271274 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Other Includes TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Good Faith Non QM Non QM Yes
Compliance Insurance Costs Payments Estimated Taxes, Insurance, & Assessments: disclosed whether insurance is included in escrow in 7:43:07 AM Redisclosure
Final Closing Disclosure provided on [redacted] incorrect section. Creditor disclosed insurance cost to
disclosed whether insurance is included in escrow consumer in "Other" section where regulation requires
in incorrect section. Creditor disclosed insurance insurance to be disclosure under "Homeowner's Insurance"
cost to consumer in "Other" section where section. Disclosure requirement met, non-material
regulation requires insurance to be disclosure exception for incorrect format/placement.
under "Homeowner's Insurance" section. Disclosure
requirement met, non-material exception for
incorrect format/placement.
[redacted] [redacted] [redacted] [redacted] 627400529 35271275 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment Max TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase Letter of Non QM Non QM Yes
Compliance Amount Final Closing Disclosure provided on [redacted] increasing payment disclosed the maximum possible amount review, exception cleared. 5:21:02 PM Explanation &
with an increasing payment disclosed the maximum of principal and interest that does not match the actual Corrected
possible amount of principal and interest that does maximum amount for the loan. Closing
not match the actual maximum amount for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400529 35271276 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase Letter of Non QM Non QM Yes
Compliance Testing Information: Final Closing Disclosure provided on disclosed a Product that does not match the actual review, exception cleared. 5:21:02 PM Explanation,
[redacted] disclosed a Product that does not match product for the loan. Re-Disclose
the actual product for the loan. Additional AIR/AP Correct
table failures could apply for loans with an Information
adjustable rate or adjustable payment with
incorrect Product disclosure.
[redacted] [redacted] [redacted] [redacted] 627400529 35271277 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for review, exception cleared. 5:21:02 PM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271278 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for review, exception cleared. 5:21:02 PM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271279 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for review, exception cleared. 5:21:02 PM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271280 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest review, exception cleared. 5:21:02 PM Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271281 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest review, exception cleared. 5:21:02 PM Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271282 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Max Payment Payments: Final Closing Disclosure provided on disclosed a maximum periodic principal and interest review, exception cleared. 5:21:02 PM Disclosure Cure
Adjustable Rate [redacted] disclosed a maximum periodic principal payment for payment stream [redacted] that does not - Provide the
and interest payment for payment stream [redacted] match the actual maximum payment for the loan. following:
that does not match the actual maximum payment for Letter of
the loan. Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271283 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Principal And Interest Payment Min Payment Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for review, exception cleared. 5:21:02 PM Disclosure Cure
ARM [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271284 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Taxes TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Included In Escrow Payments: Final Closing Disclosure provided on incorrectly disclosed whether property taxes are 7:59:19 AM Disclosure Cure
[redacted] incorrectly disclosed whether property included in escrow. - Provide the
taxes are included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400529 35271286 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Fee disclosed was last disclosed as [redacted] on LE but Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Loan Discount Points. Fee disclosed as [redacted] on Final Closing Disclosure. 8:45:40 AM Refund Provide
Amount of [redacted] exceeds tolerance of File does not contain a valid COC for this fee, nor the Following:
[redacted] [redacted] over legal limit. evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400529 35271287 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee Fee disclosed was last disclosed as [redacted] on LE but Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Transfer Tax. Fee Amount of disclosed as [redacted] on Final Closing Disclosure. 8:45:40 AM Refund Provide
[redacted] exceeds tolerance of [redacted] File does not contain a valid COC for this fee, nor the Following:
[redacted] over legal limit. Insufficient or no evidence of cure. Letter of
cure was provided to the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400529 35271330 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted] : The DTI calculated in accordance with the Lenders Reviewer Comment (2026-01-22): Approved 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Guidelines is less than the Calculated DTI which is exception with comp factors for DTI from 5:19:21 PM provide updated
match Due Diligence Loan Designation of ATR Risk. exceeding the guideline limit. origination provided in file. ATR/QM Loan
Designation
Seller Comment (2026-01-21): Loan designation
is General ATR (Not QM) since primary
residence was being converted to a rental
which was a trigger to chnage loan to Non-QM.
[redacted] DTI exception was approved by
Management per attached.
[redacted] [redacted] [redacted] [redacted] 627400529 35271331 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted] : The DTI The DTI calculated in accordance with the Lenders Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-01-22): Approved 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders Guidelines is less than the Calculated DTI which is more than [redacted] years. exception with XXX exception with comp factors for DTI from 5:16:59 PM
Guidelines Guidelines and [redacted](c)([redacted]) of exceeding the guideline limit. Borrower has verified disposable income of at least comp factors XXX origination provided in file.
[redacted] moderately exceeds the guideline maximum $[redacted] for DTI from Originator
of [redacted]. (DTI Exception is eligible to be Borrower has worked in the same position for more than origination Pre-Close,XXX Seller Comment (2026-01-21): See loan
regraded with compensating factors.) [redacted] years. provided in XXX exception ID #[redacted].
Borrower's monthly reserves have been verified and file. XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400529 35271332 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Disclosure disclosed a Finance Charges are Reviewer Comment (2026-01-22): After further 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on [redacted] The calculated Finance charges is [redacted] review, exception cleared. 5:21:02 PM Disclosure Cure
[redacted] disclosed an inaccurate Total of There is a variance of [redacted] - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of [redacted] is under Delivery,
disclosed by [redacted] compared to the calculated Refund check
total of payments of [redacted] which exceeds the for
[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400529 35271346 Credit Insurance Insurance Insurance The Flood Insurance Policy effective date is The Flood Insurance policy effective date is after the Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Analysis after the Note Date. note date which is updated correctly as per document. cleared. 5:17:59 PM
Seller Comment (2026-01-21): Flood Insurance
policy effective [redacted] attached.
[redacted] [redacted] [redacted] [redacted] 627400529 35271364 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Calculated investor qualifying total debt ratio of Borrower has been employed in the same industry for Approved XXX Reviewer Comment (2026-01-22): Approved 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted] exceeds Guideline total debt ratio of more than [redacted] years. exception with XXX exception with comp factors for DTI from 5:16:45 PM
Guidelines [redacted] updated correctly as per document. Borrower has verified disposable income of at least comp factors XXX origination provided in file.
Discrepancy $[redacted] for DTI from Originator
Borrower has worked in the same position for more than origination Pre-Close,XXX Seller Comment (2026-01-21): See loan
[redacted] years. provided in XXX exception ID #[redacted].
Borrower's monthly reserves have been verified and file. XXX
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400529 35271368 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Calculated investor qualifying total debt ratio of Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted] exceeds Guideline total debt ratio of cleared. 5:18:37 PM
the loan is at ATR risk. [redacted].
Seller Comment (2026-01-21): See loan
exception ID #[redacted].
[redacted] [redacted] [redacted] [redacted] 627400529 35271606 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted] : The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400531 35276091 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): [redacted] due to missing [redacted]s [redacted] and VOE Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not within [redacted] calendar days of note. [redacted] guidelines 5:53:17 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400531 35276092 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to [redacted] for [redacted] [redacted] not provided for Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - [redacted] verify current Wages/W-[redacted] employment status borrower. [redacted] guidelines 5:53:17 PM Home
using reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400531 35276093 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable Unable to verify income due to, paystub provided was Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance and Assets - Wages to verify income due to, paystub provided was dated dated more than [redacted] prior to closing [redacted] guidelines 5:53:17 PM Home
more than [redacted] prior to closing.
[redacted] [redacted] [redacted] [redacted] 627400531 35276094 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 A A NY Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. [redacted] guidelines 5:53:17 PM Home
[redacted] [redacted] [redacted] [redacted] 627400531 35276098 Compliance Compliance Federal TRID TRID Zero Percent Tolerance Violation With TILA-RESPA Integrated Disclosure: [redacted] Fee Sufficient or excess cure was provided to the borrower Reviewer Comment (2025-12-19): Sufficient Cure 12/XX/2025 1 A A NY Second Purchase Final CD Non QM Non QM Yes
Compliance Sufficient Cure Provided At Closing Tolerance exceeded for Credit Report Fee. Fee at Closing Provided At Closing 7:45:03 AM Home evidences Cure
Amount of [redacted] exceeds tolerance of
[redacted] Sufficient or excess cure was provided
to the borrower at Closing.
[redacted] [redacted] [redacted] [redacted] 627400531 35276114 Credit Income / Income Income / The verification of employment is required - The verification of employment is required and was not Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. found in file. foreign national also we have the Emplyer 1:56:55 PM Home
letter in file which verify the employment,
Exception cleared.
Seller Comment (2026-01-28): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400531 35276115 Credit Income / Income Income / Verification(s) of employment is not within - This file was missing copy of VVOE. Per guidelines, Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] of the Note. Verbal Verification of Employment VVOE completed within business days 4:01:41 PM Home
[redacted] of closing must be provided.
[redacted] [redacted] [redacted] [redacted] 627400531 35481057 Credit Income / Income Income / Verification(s) of employment is not within - VVOE is not within [redacted] business days of note Reviewer Comment (2026-01-29): Borrower is 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. foreign national also we have the Emplyer 1:56:55 PM Home
letter in file which verify the employment,
Exception cleared.
Seller Comment (2026-01-28): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400532 35280037 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; The appraisal was performed after the FEMA declaration Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; start date but prior to the declared end date. Provide a review date
Disaster End Date: ___ post-disaster inspection dated after the declaration end
date of [redacted]
[redacted] [redacted] [redacted] [redacted] 627400532 35281216 Credit Income / Income Income / Verification(s) of employment is not within - This file was missing copy of VVOE. Per guidelines, Reviewer Comment (2026-01-21): Sufficient WVOE 1/XX/2026 1 C A CA Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. Verbal Verification of Employment VVOE completed within for Foreign National 9:00:00 AM Home
[redacted] days of closing must be provided.
[redacted] [redacted] [redacted] [redacted] 627400533 35236333 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400533 35236479 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of ___ is less Calculated PITIA months reserves of [redacted] is less Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 C B FL Investment Purchase N/A N/A No
Discrepancy / discrepancy. than Guideline PITIA months reserves of ___. than Guideline PITIA months reserves of [redacted]. $[redacted] XXX to regrade and waive 10:37:45 AM
Guidelines Borrower has worked in the same position for more than XXX
Discrepancy [redacted] years. XXX Reviewer Comment (2026-02-11): Assigned to
Borrowers made a down payment from their own funds on buyer, seller agrees with finding.
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-02-11): [redacted] is
The representative FICO score exceeds the guideline unable to provide and agrees with exception
minimum by at least [redacted] points.
Reviewer Comment (2026-02-04): The statement
provided only covers [redacted]days of
balances. Purchase transactions required
[redacted] days of verification.
Additionally, the statement does not reflect
the name of the financial institution and the
full name of the borrower/account owner.
Exception remains.
Seller Comment (2026-02-03): doc upload
Seller Comment (2026-02-03): Missing
[redacted] [redacted]which gives the borrower
sufficient funds to close. Statement attached
[redacted] [redacted] [redacted] [redacted] 627400533 35236480 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-04): Guideline 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] of the Note. of the Note. clarification provided, exception cleared. 5:47:57 PM
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400533 35237579 Credit Insurance Insurance Insurance Insurance address does not match Note Reviewer Comment (2026-02-04): Address 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Analysis address. corrected, exception cleared. 5:49:58 PM
Seller Comment (2026-02-03): City is correct
on the Insurance policy, the Note has city
mispelled, correct spelling of city
is[redacted]
[redacted] [redacted] [redacted] [redacted] 627400533 35237580 Credit System General Appraisal Valuation address does not match Note - Reviewer Comment (2026-02-04): Address 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Reconciliation address. corrected, exception cleared. 5:50:04 PM
Seller Comment (2026-02-03): City is correct
on the appraisal, the Note has city mispelled,
correct spelling of city is[redacted]
[redacted] [redacted] [redacted] [redacted] 627400533 35726613 Credit System General System Security Instrument address does not match The city on the Note is [redacted]. The city on the Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B FL Investment Purchase N/A N/A No
Note address. Mortgage is [redacted]. $[redacted] XXX to regrade and waive 10:37:57 AM
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Reviewer Comment (2026-02-11): Assigned to
Borrowers made a down payment from their own funds on buyer, seller agrees with finding.
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-02-11): City on the Note
The representative FICO score exceeds the guideline & Mortgage are [redacted], correct spelling
minimum by at least [redacted] points. should be [redacted]
[redacted] [redacted] [redacted] [redacted] 627400533 35726614 Credit System General System [redacted] Subject Address does not match The property address on the final [redacted] has the Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B FL Investment Purchase N/A N/A No
Note address. city as [redacted]. The city on the Note is [redacted]. $[redacted] XXX to regrade and waive 10:38:07 AM
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Reviewer Comment (2026-02-11): Assigned to
Borrowers made a down payment from their own funds on buyer, seller agrees with finding.
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-02-11): 1003 & Note have
The representative FICO score exceeds the guideline incorrect city of [redacted], correct spelling
minimum by at least [redacted] points. is [redacted]
[redacted] [redacted] [redacted] [redacted] 627400533 35726615 Credit System General System Flood Certificate Subject Address does not The property address on the Flood Certificate has the Borrower has verified disposable income of at least XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B FL Investment Purchase N/A N/A No
match Note address. city as [redacted]. The city on the Note is [redacted]. $[redacted] XXX to regrade and waive 10:38:17 AM
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Reviewer Comment (2026-02-11): Assigned to
Borrowers made a down payment from their own funds on buyer, seller agrees with finding.
this purchase transaction of at least [redacted]% and
$[redacted] Seller Comment (2026-02-11): City is correct
The representative FICO score exceeds the guideline on the Flood Cert, the Note has city mispelled
minimum by at least [redacted] points. correct spelling os city is [redacted].
[redacted] [redacted] [redacted] [redacted] 627400535 35271855 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted] : Approved lender exception in file for DTI variance. Reviewer Comment (2026-02-12): Approved DTI 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception provided from origination. 4:29:24 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-02-12): du Designation
Seller Comment (2026-02-12): DOC UPLOAD
Seller Comment (2026-02-11): [redacted]
approved a DTI exception, email and sceen shot
attached
[redacted] [redacted] [redacted] [redacted] 627400535 35271856 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Approved lender exception in file for DTI variance. The Loan to Value (LTV) on the loan is less than the XXX Reviewer Comment (2026-02-11): Client approved 2/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders guideline maximum by at least [redacted]%. to downgrade and waive with comp. factors 4:10:37 PM
Guidelines Guidelines and [redacted](c)([redacted]) of
[redacted] moderately exceeds the guideline maximum Seller Comment (2026-02-11): doc upload
of [redacted]. (DTI Exception is eligible to be
regraded with compensating factors.) Seller Comment (2026-02-11): [redacted]
approved a DTI exception, email and sceen shot
attached
[redacted] [redacted] [redacted] [redacted] 627400535 35271863 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Approved lender exception in file for DTI variance. Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-23): Lender approved 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. more than [redacted] years. XXX based on compensating factors. 1:43:08 PM
Guidelines Borrower has verified disposable income of at least XXX
Discrepancy $[redacted] XXX Seller Comment (2026-01-22): approval of dti
Borrower has worked in the same position for more than XXX exception
[redacted] years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by XXX
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400535 35271993 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400535 35272101 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Approved lender exception in file for DTI variance. Reviewer Comment (2026-02-11): Cleared with 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, lender approval in file 4:16:20 PM
the loan is at ATR risk.
Seller Comment (2026-02-11): [redacted]
approved a DTI exception, email and sceen shot
attached
[redacted] [redacted] [redacted] [redacted] 627400535 35272103 Compliance Compliance Federal TRID Defect TRID [redacted] Tolerance Violation Without TILA-RESPA Integrated Disclosure: [redacted] Fee disclosed was last disclosed as [redacted] on LE but Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Sufficient Cure Provided Tolerance exceeded for Tax Service Fee (Life Of disclosed as [redacted] on Final Closing Disclosure. 8:45:40 AM Refund Provide
Loan). Fee Amount of [redacted] exceeds tolerance File does not contain a valid COC for this fee, nor the Following:
of [redacted] [redacted] over legal limit. evidence of cure. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400538 35270949 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-02-07): BPO provided 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a A post-disaster inspection verifying there was no damage and cleared. 8:11:37 PM
FEMA disaster. to the subject property is required. ( AVM used,
Missing exterior property inspection required by Buyer Comment (2026-02-06): BPO Porivded
guidelines.)
[redacted] [redacted] [redacted] [redacted] 627400538 35271177 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the due date of the last 7:46:58 AM
with an increasing payment disclosed the due date payment of interest only that does not match the actual
of the last payment of interest only that does not last payment for the loan
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400538 35271181 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of [redacted] exceeds 8:45:40 AM Refund Provide
Points. Fee Amount of [redacted] exceeds tolerance tolerance of [redacted] [redacted] over legal limit. the Following:
of [redacted] [redacted] over legal limit. Insufficient or no cure was provided to the borrower. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400539 35270943 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in FEMA Disaster area. Provide a Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage. Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; The inspection must include exterior photo and the review date
Disaster End Date: ___ property must be re-inspected on or after [redacted]
declared end date.
[redacted] [redacted] [redacted] [redacted] 627400544 35236023 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400544 35236061 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. [redacted] guidelines 5:55:19 PM
Seller Comment (2026-01-28): WVOE
Seller Comment (2026-01-28): Foreign Borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400544 35236083 Credit Missing General Missing Missing Document: [redacted] Rent Comparison Reviewer Comment (2026-01-13): [redacted] not 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Document Document Schedule not provided required, exception cleared. 1:18:07 PM
Seller Comment (2026-01-13): Rental income on
subject property was not used to qualify,
therefore comparable rent schedule
[redacted]is not required.
[redacted] [redacted] [redacted] [redacted] 627400550 35270950 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document cleared. 5:36:46 PM
Seller Comment (2026-01-20): Tax and Ins
uploaded for [redacted] Ave
[redacted] [redacted] [redacted] [redacted] 627400550 35270957 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400550 35271064 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 8:24:23 AM
change in loan product and a complete Closing
Disclosure was not received by borrower at least
[redacted]([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400552 35270581 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400552 35270622 Compliance Compliance Federal TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program ARM loan program disclosure not provided to the borrower Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower within within [redacted]([redacted]) days of application. 7:21:56 AM
[redacted]([redacted]) days of application.
[redacted] [redacted] [redacted] [redacted] 627400554 35273533 Credit Income / Income Income / Income documentation requirements not met. Required employment verification document within Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] Calendar days to the note date is missing. further review 5:14:23 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35273534 Credit Income / Income Income / The verification of employment is required - Required employment verification document within Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. [redacted] Calendar days to the note date is missing. further review 5:15:57 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35273535 Credit Income / Income Income / Verification(s) of employment is not within - Required employment verification document within Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. [redacted] Calendar days to the note date is missing. business days. 8:05:32 AM Home
[redacted] [redacted] [redacted] [redacted] 627400554 35273539 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-06): Ok per 2/XX/2026 1 C A NY Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared once all ATR specific [redacted] 1:03:37 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions have been cured/cleared. ATR/QM status
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35273540 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall failure due to employment verification within Reviewer Comment (2026-01-30): Guidelines okay 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status [redacted] Calendar days to the note date is required. for up to [redacted] days 5:23:30 PM Home
using reasonably reliable third-party records.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35273541 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are There are guideline deficiencies related to income Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or and/or asset doc requirements which could result in a further review 5:14:38 PM Home
asset doc requirements which could result in a risk risk to the borrower's ability to repay.
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-29): Foreign borrowers
eligible to be regraded with compensating factors.) with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35273543 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount points and fees amount of $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount exceeds tolerance of $[redacted] $[redacted] over legal 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds limit. Insufficient or no cure was provided to the the Following:
tolerance of $[redacted] $[redacted] over legal borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400554 35273547 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 C A NY Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, This exception will be cleared once all ATR specific further review 5:15:11 PM Home
the loan is at ATR risk. exceptions have been cured/cleared.
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400554 35486299 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-30): Cleared after 1/XX/2026 1 A NY Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. further review 5:16:43 PM Home
Seller Comment (2026-01-29): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400561 35230438 Credit Loan Package Application / Loan Package Mismatch of data related to Occupancy. - Occupancy: ___; Declarations/Will borrower [redacted] reflects Purchase of Second Home & Reviewer Comment (2026-02-16): After further 2/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Documentation Processing Documentation occupy: ___ Declaration section confirms Borrower will occupy the review exception cleared 3:00:05 PM Home
property. Need Corrected Final [redacted].
Reviewer Comment (2026-02-11): Assigned to
buyer, seller agrees with finding.
Seller Comment (2026-01-30): Seller requests
buyer review: send to buyer
Seller Comment (2026-01-30): second home
purchase based on Visa status
Per [redacted] guidelines, since borrower has
[redacted]Visa only able to purchase a second
home or investment property
[redacted] [redacted] [redacted] [redacted] 627400561 35234902 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-29): WVOE OK for 1/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. [redacted] 12:46:57 PM Home
Seller Comment (2026-01-27): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400561 35234905 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Lender DTI does not include primary home rent expenses. Reviewer Comment (2026-02-16): After further 2/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. review exception cleared 3:00:14 PM Home
Guidelines
Discrepancy Reviewer Comment (2026-02-11): Assigned to
buyer, seller omitted primary rent expense and
says borrower will occupy subject, which was
disclosed as a [redacted] nd home.
Seller Comment (2026-02-11): Per Guidelines:
Although this is a second home purchase based
on VISA status we do not have to incude
current rent in DTI since this will be the
only property in the US that they occupy (did
receive VOR and paid as agreed).
Reviewer Comment (2026-01-29): Appears lender
figures do not include primary rent expenses
[redacted] . per VOR. No documentation in
file to support borrower living rent free.
Seller Comment (2026-01-27): UW worksheet
Seller Comment (2026-01-27): currency
conversions
Seller Comment (2026-01-27): fellowship
payments for [redacted]
Seller Comment (2026-01-27): post doctorate
letter for continuance of pay
Seller Comment (2026-01-27): please see e-mail
for post doctoral pay
[redacted] [redacted] [redacted] [redacted] 627400561 35234961 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Reviewer Comment (2026-02-16): After further 2/XX/2026 1 C A MD Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not review exception cleared 3:03:03 PM Home provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Reviewer Comment (2026-02-11): Assigned to Designation
buyer, seller omitted primary rent expense and
says borrower will occupy subject, which was
disclosed as a [redacted] nd home.
Seller Comment (2026-02-11): Per Guidelines:
Although this is a second home purchase based
on VISA status we do not have to include
current rent in DTI since this will be the
only property in the US that they occupy (did
receive VOR and paid as agreed).
[redacted] [redacted] [redacted] [redacted] 627400561 35234962 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B MD Second Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM Home
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400561 35234963 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Lender DTI does not include primary home rent expenses. Reviewer Comment (2026-02-16): After further 2/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Compliance DTIs match and both significantly exceed calculated in accordance with the Lenders review exception cleared 2:59:55 PM Home
Guidelines Guidelines and [redacted](c)([redacted]) of
[redacted]% significantly exceeds the guideline Reviewer Comment (2026-02-11): Assigned to
maximum of [redacted]%. (DTI Exception requires buyer, seller omitted primary rent expense and
compelling compensating factors to consider says borrower will occupy subject, which was
regrading to EV[redacted]-B.) disclosed as a [redacted] nd home.
Seller Comment (2026-02-11): Per Guidelines:
Although this is a second home purchase based
on VISA status we do not have to include
current rent in DTI since this will be the
only property in the US that they occupy (did
receive VOR and paid as agreed).
[redacted] [redacted] [redacted] [redacted] 627400561 35234964 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-01-29): After further 1/XX/2026 1 B A MD Second Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a review, exception cleared. 2:36:10 PM Home
change in APR and a complete Closing Disclosure was
not received by borrower at least three
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400561 35234969 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Based on the loan failing one or more guideline Reviewer Comment (2026-02-16): After further 2/XX/2026 1 C A MD Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, components, the loan is at ATR risk. review exception cleared 3:03:03 PM Home
the loan is at ATR risk.
Reviewer Comment (2026-02-11): Assigned to
buyer, seller omitted primary rent expense and
says borrower will occupy subject, which was
disclosed as a [redacted] nd home.
Seller Comment (2026-02-11): Per Guidelines:
Although this is a second home purchase based
on VISA status we do not have to incude
current rent in DTI since this will be the
only property in the US that they occupy (did
receive VOR and paid as agreed).
[redacted] [redacted] [redacted] [redacted] 627400561 35234989 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AIR Table TILA-RESPA Integrated Disclosure - Adjustable Adjustable Interest Rate Table: Final Closing Disclosure Reviewer Comment (2026-01-29): After further 1/XX/2026 1 B A MD Second Purchase Letter of Non QM Non QM Yes
Compliance Subsequent Change Frequency Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a Subsequent Changes review, exception cleared. 2:26:03 PM Home Explanation &
provided on [redacted] disclosed a Subsequent frequency that does not match the actual subsequent Corrected
Changes frequency that does not match the actual change frequency for the loan. Closing
subsequent change frequency for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400561 35234990 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-01-29): After further 1/XX/2026 1 B A MD Second Purchase Letter of Non QM Non QM Yes
Compliance Adjusts Every Test Final Closing Disclosure provided on [redacted] increasing payment disclosed the frequency of review, exception cleared. 2:26:03 PM Home Explanation &
with an increasing payment disclosed the frequency adjustments that does not match the actual adjustment Corrected
of adjustments that does not match the actual period for the loan. Closing
adjustment period for the loan. Disclosure
[redacted] [redacted] [redacted] [redacted] 627400562 35272210 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing third party Reviewer Comment (2026-02-16): Self-employed 2/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not verification/CPA letter for the S-Corp within [redacted] income excluded 1:55:17 PM provide updated
match Due Diligence Loan Designation of ATR Fail. calendar days of the note date. ATR/QM status
Seller Comment (2026-02-11): [redacted] is
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400562 35272211 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to missing third party verification/CPA Reviewer Comment (2026-02-16): Self-employed 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - S-Corp Test verify current S-Corp status due to missing Tax letter for the S-Corp within [redacted] calendar days of income excluded 1:55:17 PM
Return/XX/Third Party P&L, CPA Letter, or other the note date.
Third Party Verification. Seller Comment (2026-02-11): [redacted] is
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400562 35272214 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to missing third party verification/CPA Reviewer Comment (2026-02-16): Self-employed 2/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. letter for the S-Corp within [redacted] calendar days of income excluded 1:55:17 PM
the note date.
[redacted] [redacted] [redacted] [redacted] 627400562 35272239 Credit Income / Income Missing REO Documents are missing. - Mortgage Statement for REO "[redacted] [redacted]" is Reviewer Comment (2026-01-29): Credit report 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document missing. is already in file confirming P&I for mortgage 2:48:53 PM
loan, Exception cleared.
Seller Comment (2026-01-28): mortgage is with
XXX
Seller Comment (2026-01-28): insurance
Seller Comment (2026-01-28): taxes
Seller Comment (2026-01-28): see redit report
- mortgage with XXX see ins see taxes
[redacted] [redacted] [redacted] [redacted] 627400562 35272286 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Provide a post-disaster inspection verifying there was Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; no damage. The inspection must include exterior photos Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; and the property must be re-inspected on or after review date
Disaster End Date: ___ [redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400562 35279970 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI DTI exceeds maximum allowable of [redacted]% Lender Borrower has been employed in the same industry for Disposable XXX Reviewer Comment (2026-02-16): Client elected 2/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders exception approval in file. more than [redacted] years. Income: XXX to regrade and waive 2:01:19 PM
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least $[redacted] XXX
[redacted]% moderately exceeds the guideline $[redacted] Reserves: Originator,XXX Reviewer Comment (2026-02-16): reopen
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than [redacted] XXX
to be regraded with compensating factors.) [redacted] years. XXX Reviewer Comment (2025-12-19): Lender approval
Borrower's monthly reserves have been verified and for exception in file.
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400562 35279971 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing third party verification/CPA Reviewer Comment (2026-02-16): Self-employed 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or letter for the S-Corp within [redacted] calendar days of income excluded 1:55:17 PM
asset doc requirements which could result in a risk the note date.
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-11): [redacted] is
eligible to be regraded with compensating factors.) unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400562 35280026 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing third party verification/CPA Reviewer Comment (2026-02-16): Client elected 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, letter for the S-Corp within [redacted] calendar days of to regrade and waive 2:02:58 PM
the loan is at ATR risk. the note date.
Seller Comment (2026-02-11): [redacted] is
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400562 35280090 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of DTI exceeds maximum allowable of [redacted]% Lender Borrower has been employed in the same industry for Disposable XXX Reviewer Comment (2026-02-16): Client elected 2/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. exception approval in file. more than [redacted] years. Income: XXX to regrade and waive 2:02:10 PM
Guidelines Borrower has verified disposable income of at least $[redacted] XXX
Discrepancy $[redacted] Reserves: Originator,XXX Reviewer Comment (2026-02-16): reopen
Borrower has worked in the same position for more than [redacted] XXX
[redacted] years. XXX Reviewer Comment (2025-12-19): Lender approval
Borrower's monthly reserves have been verified and for exception in file.
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400562 35280091 Credit Income / Income Income / Income documentation requirements not met. Missing third party verification/CPA letter for the S- Reviewer Comment (2026-02-16): Self-employed 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment Corp within [redacted] calendar days of the note date. income excluded 1:55:30 PM
Seller Comment (2026-01-30): Refer to Buyer.
Reviewer Comment (2026-01-30): Refer to Buyer.
Seller Comment (2026-01-30): Send to Buyer
[redacted] [redacted] [redacted] [redacted] 627400567 35269832 Credit Asset Asset Asset Guideline Issue:Insufficient asset - [redacted] month's continuous bank statement is required Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation documentation. as per guidelines. cleared, new acct. 6:40:40 PM
Seller Comment (2026-01-20): [redacted] and
Bank statements uploaded for account requested
[redacted] [redacted] [redacted] [redacted] 627400567 35269853 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Provide a post-disaster inspection verifying there was Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; no damage. The inspection must include exterior photos Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; and the property must be re-inspected on or after review date
Disaster End Date: ___ [redacted] declared end date.
[redacted] [redacted] [redacted] [redacted] 627400570 35284619 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 7:40:46 AM Home Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400570 35284620 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM Home
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400570 35284623 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Loan Discount Points was last disclosed as $[redacted] Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Second Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount on LE but disclosed as $[redacted] on Final Closing 8:45:40 AM Home Refund Provide
Points. Fee Amount of $[redacted] exceeds Disclosure. File does not contain a valid COC for this the Following:
tolerance of $[redacted] $[redacted] over legal fee, nor evidence of cure in file. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400570 35284625 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; FEMA Disaster Issue: The most recent valuation Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; inspection is dated prior to a FEMA disaster. Greater than [redacted] from third party 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400570 35285068 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within ten business days of closing. guidelines. 8:01:22 PM Home
Seller Comment (2026-01-21): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400574 35284782 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA Disaster area. Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; A post-disaster inspection verifying there was no damage Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required. review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400574 35284794 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-11): Incomplete CDs 2/XX/2026 1 B A FL Primary Purchase No Defined Cure Non QM Non QM No
Compliance Irregular APR Change Closing Disclosure issued on [redacted] contains a removed from testing per attestation. 2:55:54 PM
change in APR and a complete Closing Disclosure was
not received by borrower at least three
([redacted]) business days prior to consummation.
[redacted] [redacted] [redacted] [redacted] 627400574 35284795 Compliance Compliance Federal TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase No Defined Cure Non QM Non QM No
Compliance disclosure not provided to the borrower. 9:46:40 AM
[redacted] [redacted] [redacted] [redacted] 627400574 35284800 Compliance Compliance Federal TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure:[redacted] Percent [redacted]Percent Fee Tolerance exceeded for Lender Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Lender Credits. Final Credits. Final Lender Credit of $[redacted] exceeds 9:50:18 AM Refund Provide
Lender Credit of $[redacted] exceeds tolerance of tolerance of $[redacted] Insufficient or no cure was the Following:
$[redacted] Insufficient or no cure was provided to provided to the borrower. Letter of
the borrower. Explanation,
Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400574 35284802 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Loan Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount Discount Points. Fee Amount of $[redacted] exceeds 9:51:32 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400574 35284803 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] [redacted] Percent Fee Tolerance exceeded for Appraisal Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B FL Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Appraisal Re- Re-Inspection Fee. Fee Amount of $[redacted] exceeds 9:51:32 AM Refund Provide
Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] $[redacted] over legal limit. the Following:
tolerance of $[redacted] $[redacted] over legal Insufficient or no cure was provided to the borrower. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400574 35285079 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Signed and dated [redacted]-C was not provided. Reviewer Comment (2026-02-11): Provided and 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or cleared. 2:53:34 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-02-11): doc upload
eligible to be regraded with compensating factors.)
Seller Comment (2026-02-11): 4506C attached
[redacted] [redacted] [redacted] [redacted] 627400574 35285080 Credit Income / Income Income / Income documentation requirements not met. Signed and dated [redacted]-C required at closing was Reviewer Comment (2026-02-11): Provided and 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment not provided. cleared. 2:52:14 PM
Seller Comment (2026-02-11): 4506C attached
Seller Comment (2026-01-30): Refer to buyer.
Reviewer Comment (2026-01-30): Refer to buyer.
Seller Comment (2026-01-30): Send To Buyer
Reviewer Comment (2026-01-29): Please provided
signed dated 4506-C with years mention on it,
Exception remains.
Seller Comment (2026-01-28): signed 4506
Seller Comment (2026-01-28): 4506 signed same
date as note
[redacted] [redacted] [redacted] [redacted] 627400574 35285083 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Loan Designation discrepancy due to missing signed and Reviewer Comment (2026-02-11): Provided and 2/XX/2026 1 C A FL Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not dated [redacted]-C cleared. 2:54:14 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Seller Comment (2026-02-11): 4506C attached Designation
[redacted] [redacted] [redacted] [redacted] 627400574 35285084 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on [redacted] due to missing signed and dated [redacted]-C Reviewer Comment (2026-02-11): Provided and 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, cleared. 2:54:14 PM
the loan is at ATR risk.
Seller Comment (2026-02-11): 4506C attached
[redacted] [redacted] [redacted] [redacted] 627400574 35285666 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-02-11): Provided and 2/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Employment Documentation Employment cleared. 2:51:36 PM
Seller Comment (2026-02-11): 4506C attached
Seller Comment (2026-01-30): Refer to buyer.
Reviewer Comment (2026-01-30): Refer to buyer.
Seller Comment (2026-01-30): Send To Buyer
[redacted] [redacted] [redacted] [redacted] 627400575 35234154 Credit Income / Income Missing REO Documents are missing. - ___ First Payment Letter and/or Final CD and Tax Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A OK Investment Purchase N/A N/A No
Employment Documentation Document Verification not provided. cleared. 7:48:31 PM
Seller Comment (2026-01-16): see uploads
provided for exception [redacted]
Reviewer Comment (2026-01-15): Exception is
for other owned property, [redacted] . Still
need statement or CD. Trailing docs received
are seller CD for subject transaction.
Seller Comment (2026-01-15): final signed CD
provided
tax cert for [redacted] uploaded under
exception [redacted]
[redacted] [redacted] [redacted] [redacted] 627400575 35235744 Credit Credit AUS Guideline AUS/Guideline Findings: All conditions were All conditions not met due First Payment Letter and/or Reviewer Comment (2026-01-16): Provided and 1/XX/2026 1 C A OK Investment Purchase N/A N/A No
Discrepancy / not met Final CD and Tax Verification not provided for cleared. 7:48:45 PM
Guidelines [redacted]
Discrepancy Seller Comment (2026-01-16): first payment
letter for [redacted]
first payment letter for [redacted]
CD for [redacted]
Reviewer Comment (2026-01-15): Exception is
for other owned property, [redacted] . Still
need statement or CD. Trailing docs received
are seller CD for subject transaction.
Seller Comment (2026-01-15): tax cert and tax
estimator uploaded for [redacted]
Tax cert reflects when property was land
tax estimator was used because when property
was purchased it was a new build and taxes had
yet to be assessed
Seller Comment (2026-01-15): tax cert and tax
estimator uploaded for[redacted]
Tax cert reflects when property was land
tax estimator was used because when property
was purchased it was a new build and taxes had
yet to be assessed
[redacted] [redacted] [redacted] [redacted] 627400579 35234251 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Calculated loan to value percentage of [redacted]% Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Approved lender 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exceeds Guideline loan to value percentage of more than [redacted] years. XXX exception for LTV from origination provided. 6:16:50 PM
Eligibility Eligibility Eligibility [redacted]%. Borrower has verified disposable income of at least XXX
$[redacted] XXX Seller Comment (2026-01-21): [redacted] LTV
Borrower has worked in the same position for more than XXX excepetion approved by Management per
[redacted] years. attached.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400579 35234252 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Calculated combined loan to value percentage of Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Approved lender 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage [redacted]% exceeds Guideline combined loan to value more than [redacted] years. XXX exception for LTV from origination provided. 6:16:57 PM
Guidelines of ___. percentage of [redacted]%. Borrower has verified disposable income of at least XXX
Discrepancy $[redacted] XXX Seller Comment (2026-01-21): See loan
Borrower has worked in the same position for more than XXX exception ID #[redacted] .
[redacted] years.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
[redacted] [redacted] [redacted] [redacted] 627400580 35233999 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A VA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days 8:07:44 AM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400580 35486309 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-21): Okay per 1/XX/2026 1 A VA Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 8:01:06 PM - Cash-out
- Other
Seller Comment (2026-01-21): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400581 35285024 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400587 35235981 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Max allowed LTV as per guidelines is [redacted]%. Borrower's monthly reserves have been verified and XXX Reviewer Comment (2026-01-29): Lender approved 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. exceed the amount required based on the guidelines by XXX exception with compensating factors. 12:57:43 PM
Eligibility Eligibility Eligibility at least [redacted] months. XXX
Borrower has verified disposable income of at least Seller Comment (2026-01-27): [redacted]
$[redacted] manager approval for [redacted] LTV exception
Borrower has worked in the same position for more than
[redacted] years.
[redacted] [redacted] [redacted] [redacted] 627400587 35235983 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Max allowed CLTV as per guidelines is [redacted]%. Borrower's monthly reserves have been verified and XXX Reviewer Comment (2026-01-29): Lender approved 1/XX/2026 2 C B OK Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage exceed the amount required based on the guidelines by XXX exception with compensating factors. 12:58:14 PM
Guidelines of ___. at least [redacted] months. XXX
Discrepancy Borrower has verified disposable income of at least Seller Comment (2026-01-27): [redacted]
$[redacted] manager approval for [redacted] LTV exception
Borrower has worked in the same position for more than
[redacted] years.
[redacted] [redacted] [redacted] [redacted] 627400587 35235985 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Borrower has been qualified by higher income as per Reviewer Comment (2026-02-11): After further 2/XX/2026 1 C A OK Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. previous employment. While is inactive, hence qualified review, exception cleared. 5:49:20 PM
Guidelines only current employment's income. This increased DTI.
Discrepancy Seller Comment (2026-02-11): Borrower's first
paystub in file was only for less than
[redacted] hours and cannot be used. Borrower
gets paid bi-weekly and offer letter is
acceptable.
Seller Comment (2026-02-11): Per your income
calculations you have total income for both
borrower's at [redacted] only using a
qualifying income for borrower [redacted] as
[redacted] monthly. Correct monthly
qualifying income for borrower [redacted] is
$[redacted] . Per offer letter annual salary
is $[redacted] which brings the DTI to
[redacted] well within product max of
[redacted] . Borrower's combined monthly
income is[redacted]
Reviewer Comment (2026-02-03): We already are
considering the income of $[redacted] , based
on our calculation borrower total credit debt
$[redacted] + REO neg debt [redacted] =total
debt [redacted] = DTI [redacted] , exception
remains.
Seller Comment (2026-01-30): please see page
[redacted] and [redacted] of UW worksheet for
income calculation
Both borrowers earn $[redacted] annually
Seller Comment (2026-01-30): Please note that
pay of [redacted] is from [redacted] , which
is only one week of pay since this is the
first paystub earned
Reviewer Comment (2026-01-29): B1 new income =
[redacted] per month which is significantly
less than the amount used by lender. Using
the lower verified current income brings the
DTI to [redacted] and out of tolerance.
Seller Comment (2026-01-27): Employee offer
letter from [redacted] for B1 and [redacted]
paystub w/XX/ new employer
Employee letter from [redacted] current
paystub at time of closing
Both borrowers were qualified at annual salary
of $[redacted]
Seller Comment (2026-01-27): Employee offer
letter from [redacted] for B1 and [redacted]
paystub w/ new employer
Employee letter from [redacted] current
paystub at time of closing
Both borrowers were qualified at annual salary
of $[redacted]
[redacted] [redacted] [redacted] [redacted] 627400593 35234339 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Disaster end date of [redacted], no property inspection Reviewer Comment (2026-02-06): Cleared with 2/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a after. BPO 12:30:59 PM
FEMA disaster.
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400595 35277631 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not guidelines 5:25:35 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-21): ATR/ QM exception
can be cleared with the voe response
submitted
[redacted] [redacted] [redacted] [redacted] 627400595 35277634 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to The third-party verification for the borrower's S-Corp Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - S-Corp verify S-Corp income using reasonably reliable was missing. guidelines 5:25:35 PM Home
third-party records.
Seller Comment (2026-01-21): ATR/ QM exception
can be cleared with the voe response
submitted
[redacted] [redacted] [redacted] [redacted] 627400595 35277635 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General ATR failure due to missing third party verification. Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. guidelines 5:25:35 PM Home
[redacted] [redacted] [redacted] [redacted] 627400595 35283812 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or guidelines 5:23:07 PM Home
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is Seller Comment (2026-01-21): ATR/ QM exception
eligible to be regraded with compensating factors.) can be cleared with the voe response
submitted
[redacted] [redacted] [redacted] [redacted] 627400595 35283815 Credit Income / Income Income / Income documentation requirements not met. Waterfalling due to missing Third Party Verification for Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment self employment. guidelines 5:22:13 PM Home
Seller Comment (2026-01-21): ATR/ QM exception
can be cleared with the voe response
submitted
Seller Comment (2026-01-21): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained
[redacted] [redacted] [redacted] [redacted] 627400595 35283821 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing Third Part Verification for self employment. Reviewer Comment (2026-01-22): Okay per 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, guidelines 5:23:42 PM Home
the loan is at ATR risk.
Seller Comment (2026-01-21): ATR/ QM exception
can be cleared with the voe response
submitted
[redacted] [redacted] [redacted] [redacted] 627400597 35230030 Credit Loan Package Application / Missing Missing Document: Approval not provided Approval is missing in the file. Reviewer Comment (2026-01-22): Approval 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Documentation Processing Document provided, cleared. 3:57:24 PM
Seller Comment (2026-01-21): approval uploaded
[redacted] [redacted] [redacted] [redacted] 627400597 35230059 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] [redacted]% tolerance was exceeded by $[redacted] due to Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded. Total amount of addition of recording fees. No valid COC provided, cure 10:06:37 AM Refund Provide
Sufficient Cure Provided $[redacted] exceeds tolerance of $[redacted] plus provided at closing. the Following:
[redacted]% or $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400597 35230060 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee disclosed was last disclosed as $[redacted] on LE Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Loan Discount but disclosed as $[redacted] on Final Closing 8:45:40 AM Refund Provide
Sufficient Cure Provided Points. Fee Amount of $[redacted] exceeds Disclosure. File does not contain a valid COC for this the Following:
tolerance of $[redacted] $[redacted] over legal fee, nor evidence of cure. Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400598 35234155 Credit Income / Income Missing REO Documents are missing. - Insurance Verification, Tax Verification document not Reviewer Comment (2026-01-22): Provided, 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Employment Documentation Document provided exception cleared. 4:10:55 PM
Seller Comment (2026-01-21): Please see tax
and hoa docs uploaded for Arese property
[redacted] [redacted] [redacted] [redacted] 627400599 35233980 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A GA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from third party
review date
[redacted] [redacted] [redacted] [redacted] 627400599 35234003 Credit Income / Income Missing REO Documents are missing. - ___ Tax verification is missing Reviewer Comment (2026-01-30): Tax 1/XX/2026 1 C A GA Investment Purchase N/A N/A No
Employment Documentation Document verification not required for foreign 3:05:10 PM
property.
Seller Comment (2026-01-30): Agree send to
buyer
[redacted] [redacted] [redacted] [redacted] 627400600 35276391 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from third party
review date
[redacted] [redacted] [redacted] [redacted] 627400600 35276469 Credit Income / Income Missing REO Documents are missing. - Insurance Verification, Tax Verification is missing in Reviewer Comment (2026-01-22): tax/Insurance 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document this file. verification provided, cleared. 4:16:10 PM
Seller Comment (2026-01-21): Lox for no tax
and Ins has been uploaded
[redacted] [redacted] [redacted] [redacted] 627400601 35272649 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A NY Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. review, exception cleared. 12:20:23 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400601 35272650 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Unable to verify K-[redacted] (Less than [redacted]% Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% Ownership) income using reasonably reliable third-party review, exception cleared. 12:20:23 PM
Ownership) income using reasonably reliable third- records.[redacted]
party records. [redacted][redacted] Seller Comment (2026-01-21): Please see
LP/Schedule K-[redacted] less than [redacted] Percent) documenation uploaded for the ownership of K1
less than [redacted]
[redacted] [redacted] [redacted] [redacted] 627400601 35272652 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-23): After further 1/XX/2026 1 A A NY Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. review, exception cleared. 12:20:23 PM
[redacted] [redacted] [redacted] [redacted] 627400601 35272653 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 12/XX/2025 2 B B NY Primary Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 2:06:20 PM
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date [redacted][redacted]
[redacted]. LP/Schedule K-[redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400601 35272654 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-02-23): Waive 2/XX/2026 2 B B NY Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing 10:46:43 AM
change in loan product and a complete Closing Disclosure was not received by borrower at least three
Disclosure was not received by borrower at least ([redacted]) business days prior to consummation.
three ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400601 35272655 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] [redacted] Reviewer Comment (2026-02-23): Waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded. Total amount of Percent Fee Tolerance exceeded. Total amount of 10:46:33 AM Refund Provide
Sufficient Cure Provided $[redacted] exceeds tolerance of $[redacted] plus $[redacted] exceeds tolerance of $[redacted] plus the Following:
[redacted]% or $[redacted] $[redacted] over legal [redacted]% or $[redacted] $[redacted] over legal limit. Letter of
limit. Insufficient or no cure was provided to the Insufficient or no cure was provided to the borrower. Explanation,
borrower. ([redacted]) Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400601 35272929 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. business days. 3:54:37 PM
[redacted] [redacted] [redacted] [redacted] 627400601 35480981 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 B NY Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. more than [redacted] years. XXX to regrade and waive 10:46:57 AM
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Seller Comment (2026-02-11): [redacted] is
Borrower's monthly reserves have been verified and XXX unable to provide and agrees with exception
exceed the amount required based on the guidelines by XXX
at least [redacted] months. XXX
Borrowers made a down payment from their own funds on XXX
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400602 35231059 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Qualification Method has been selected per guidelines. Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400602 35231060 Compliance Compliance State State HPML (State HPML Disclosure) New York Subprime [redacted] [redacted] Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NY Primary Purchase No obvious cure Non QM Non QM No
Compliance Loan (Counseling Disclosure Not Provided) Subprime Loan: Counseling Disclosure not provided Subprime Loan: Counseling Disclosure not provided to 8:41:41 AM
to borrower. borrower.
[redacted] [redacted] [redacted] [redacted] 627400602 35231061 Compliance Compliance State State HPML (State HPML Disclosure) New York Subprime [redacted] Mortgage does not contain a legend stating that the Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NY Primary Purchase Provide the Non QM Non QM Yes
Compliance Loan (Subprime Legend Not on Mortgage) Subprime Loan: Mortgage does not contain a subprime loan is subject to Section [redacted]-m of the 8:41:54 AM following:
legend stating that the subprime loan is subject to Banking Law. Letter of
Section [redacted]-m of the Banking Law. Explanation,
corrected
Mortgage (with
required
Legend) signed
by consumers,
and proof of
re-recording.
[redacted] [redacted] [redacted] [redacted] 627400602 35231062 Compliance Compliance State State HPML [redacted] [redacted] Non-Compliant Sub Prime Loan. Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NY Primary Purchase No obvious Non QM Non QM Yes
Compliance Subprime Home Loan Threshold Greater than Subprime Loan: APR on subject loan of [redacted]% 8:42:08 AM cure. Cure
[redacted] Year ARM Non-Compliant is in excess of allowable threshold of Prime provision under
Mortgage Market Rate [redacted]% + [redacted]%, or NY Subprime 6-
[redacted]%. Non-Compliant SubPrime Loan. m(7) appears to
be limited to
making a non-
compliant NY
Subprime loan
into a
compliant NY
subprime loan
with no
explicit cure
language
permitting loan
to be refunded
or cured by
reducing the
APR to
effectively
bring the loan
out of NY
Subprime
status.
[redacted] [redacted] [redacted] [redacted] 627400602 35231063 Compliance Compliance State State HPML (State HPML Disclosure) New York Subprime [redacted] Borrower not provided with Notice of Taxes and Insurance Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B NY Primary Purchase No obvious cure Non QM Non QM No
Compliance Loan (Notice of Taxes and Insurance Not Subprime Loan: Borrower not provided with Notice on [redacted]st lien, subprime loan. 8:42:18 AM
Provided) of Taxes and Insurance on [redacted]st lien,
subprime loan.
[redacted] [redacted] [redacted] [redacted] 627400602 35231064 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] increasing payment discloses that the interest only 7:46:58 AM
with an increasing payment did not disclose the due period is for [redacted] months from Note Date.
date of the last payment of interest only.
[redacted] [redacted] [redacted] [redacted] 627400602 35231065 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Application date was [redacted] and Loan Estimate was Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] issued [redacted]. 8:12:23 AM
([redacted]) business days of application. Initial
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400602 35231067 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee paid to affiliate increased on [redacted] Closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Loan Discount Disclosure with no change evident. No cure was provided 8:45:40 AM Refund Provide
Sufficient Cure Provided Points. Fee Amount of $[redacted] exceeds to the borrower. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400602 35231068 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee paid to affiliate increased on [redacted] Closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Appraisal Fee. Disclosure with no change evident. No cure was provided 8:45:40 AM Refund Provide
Sufficient Cure Provided Fee Amount of $[redacted] exceeds tolerance of to the borrower. the Following:
$[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400602 35231069 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee paid to affiliate increased on [redacted] Closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Appraisal Re- Disclosure with no change evident. No cure was provided 8:45:40 AM Refund Provide
Sufficient Cure Provided Inspection Fee. Fee Amount of $[redacted] exceeds to the borrower. the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400602 35231070 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee paid to affiliate increased on [redacted] Closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Reinspection Disclosure with no change evident. No cure was provided 8:45:40 AM Refund Provide
Sufficient Cure Provided Fee. Fee Amount of $[redacted] exceeds tolerance to the borrower. the Following:
of $[redacted] $[redacted] over legal limit. Letter of
Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400602 35231071 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Fee paid to affiliate increased on [redacted] Closing Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Title - Disclosure with no change evident. No cure was provided 8:45:40 AM Refund Provide
Sufficient Cure Provided Services Sales Tax. Fee Amount of $[redacted] to the borrower. the Following:
exceeds tolerance of $[redacted] $[redacted] over Letter of
legal limit. Insufficient or no cure was provided Explanation,
to the borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400602 35231086 Credit Guideline Guideline Guideline Aged document: Primary Valuation is older - Valuation was current and performed at origination Reviewer Comment (2026-01-22): [redacted] 1/XX/2026 1 C A NY Primary Purchase Non QM Non QM No
Issue than guidelines permit however the differe[redacted]nce in dates is due to the recert provided and cleared. 7:49:02 PM
difference in the application date and closing date.
Seller Comment (2026-01-21): Please see
uploaded docs- new appraisal dated [redacted]
and recert dated [redacted] , loan closed
[redacted] . within guidelines
[redacted] [redacted] [redacted] [redacted] 627400603 35230524 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400603 35230525 Compliance Compliance Federal TRID Defect TRID Additional 3-Day Waiting Period Timing TILA-RESPA Integrated Disclosure - Most recent 2/XX/2026 2 B B CA Primary Purchase TRID timing Non QM Non QM No
Compliance Test - Irregular Transaction Closing Disclosure received at least [redacted] 7:31:40 AM exception, no
days prior to closing dated [redacted] disclosed an remediation
inaccurate APR of [redacted]% compared to the available.
actual APR at consummation of [redacted]% and a
revised CD disclosing an accurate APR was not
received by borrower at least three ([redacted])
business days prior to consummation
[redacted] [redacted] [redacted] [redacted] 627400603 35230526 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure APR Irregular TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Transaction Calculations: APR of [redacted]% on Final Closing 7:36:11 AM Disclosure Cure
Disclosure provided on [redacted] is under- - Provide the
disclosed from the calculated APR of [redacted]% following:
outside of [redacted]% tolerance. Letter of
Explanation,
Proof of
Delivery,
Refund check
for
underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400603 35230527 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on 7:38:46 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400603 35230528 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400603 35230529 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and - Provide the
interest payment for payment stream [redacted] that following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400603 35230530 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and - Provide the
interest payment for payment stream [redacted] that following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400603 35230531 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on 10:28:51 AM Disclosure Cure
[redacted] disclosed an inaccurate Total of - Provide the
Payments on page [redacted] that does not match the following:
actual total of payments for the loan (fee amounts Letter of
included in TOP calculation are based on Closing Explanation,
Disclosure dated [redacted]). The disclosed Total Proof of
of Payments in the amount of $[redacted] is under Delivery,
disclosed by $[redacted] compared to the calculated Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400603 35230532 Compliance Compliance Federal TRID Defect TRID Zero Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Percent Fee Tolerance exceeded for Loan Discount 8:45:40 AM Refund Provide
Points. Fee Amount of $[redacted] exceeds the Following:
tolerance of $[redacted] $[redacted] over legal Letter of
limit. Insufficient or no cure was provided to the Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400603 35230533 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 8:09:34 PM
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400604 35230580 Compliance Compliance Federal TRID Defect TRID [redacted] TILA-RESPA Integrated Disclosure: [redacted] Document Preparation Fee was last disclosed as Reviewer Comment (2026-02-27): waive 2/XX/2026 2 B B NY Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Percent Tolerance Violation Without Percent Fee Tolerance exceeded for Document $[redacted] on the Loan Estimate, but was disclosed as 8:45:40 AM Refund Provide
Sufficient Cure Provided Preparation Fee. Fee Amount of $[redacted] exceeds $[redacted] on the Final Closing Disclosure. No valid the Following:
tolerance of $[redacted] $[redacted] over legal COC was provided for this change, nor evidence of cure. Letter of
limit. Insufficient or no cure was provided to the Provide a post close CD disclosing the tolerance Explanation,
borrower. violation of $[redacted] a copy of the refund check, Proof of
proof of delivery, and a copy of the LOE to the borrower Delivery, Copy
disclosing the changes made. of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400609 35232805 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-22): Approved lender 1/XX/2026 2 C B WA Investment Refinance N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. $[redacted] XXX exception for LTV from origination provided. 6:18:11 PM -
Eligibility Eligibility Eligibility Borrower has worked in the same position for more than XXX Rate/Term
[redacted] years. XXX Seller Comment (2026-01-21): [redacted] LTV
Borrower's monthly mortgage payment has decreased by at XXX excepetion approved by Management per
least [redacted]%. XXX attached.
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
[redacted] [redacted] [redacted] [redacted] 627400609 35232806 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Borrower has verified disposable income of at least XXX Reviewer Comment (2026-01-22): Approved lender 1/XX/2026 2 C B WA Investment Refinance N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage $[redacted] XXX exception for LTV from origination provided. 6:18:17 PM -
Guidelines of ___. Borrower has worked in the same position for more than XXX Rate/Term
Discrepancy [redacted] years. XXX Seller Comment (2026-01-21): See loan
Borrower's monthly mortgage payment has decreased by at XXX exception ID #[redacted] .
least [redacted]%. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The refinance has decreased the borrower's monthly debt
payments by [redacted]% or more.
[redacted] [redacted] [redacted] [redacted] 627400614 35234708 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Reviewer Comment (2026-02-06): Cleared with 2/XX/2026 1 C A CA Investment Refinance N/A N/A No
Documentation Processing valuation inspection is dated prior to a BPO 12:28:14 PM -
FEMA disaster. Rate/Term
Buyer Comment (2026-02-06): BPO Porivded
[redacted] [redacted] [redacted] [redacted] 627400615 35234978 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than 1 year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than 1 from third party review date
[redacted] [redacted] [redacted] [redacted] 627400615 35235365 Credit Income / Income Income / The verification of employment is required - The verification of employment is required and was not Reviewer Comment (2026-02-02): Ok per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. found in file. guidelines. 12:53:15 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400615 35235366 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-02): Ok per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guidelines. 12:52:40 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400615 35235367 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-02-02): Ok per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. guidelines. 12:52:34 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400615 35250408 Credit Income / Income Income / Income documentation requirements not met. Waterfall due to Verification(s) of employment is not Reviewer Comment (2026-02-02): Ok per 2/XX/2026 1 C A FL Investment Purchase N/A N/A No
Employment Documentation Employment within [redacted] business days of the Note. guidelines. 12:48:24 PM
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will NOT
have a VOE, per [redacted] product guidelines
a written verification of employment ONLY is
obtained.
[redacted] [redacted] [redacted] [redacted] 627400619 35274882 Credit Loan Package Application / Loan Package Missing Document: Purchase Agreement / Sales Purchase Agreement / Sales Contract is missing. Reviewer Comment (2026-01-22): Doc provided 1/XX/2026 1 D A NY Primary Purchase Non QM Non QM No
Documentation Processing Documentation Contract not provided and cleared 2:20:15 PM
Seller Comment (2026-01-21): Please see two
documents uploaded for the purchase agreement
[redacted] [redacted] [redacted] [redacted] 627400619 35274908 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Amount TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure disclosed a finance charge of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Financed Test Calculations: Final Closing Disclosure provided on $[redacted] Calculating at $[redacted] with a variance 7:34:35 AM Disclosure Cure
[redacted] disclosed an Amount Financed disclosed of $[redacted] - Provide the
an inaccurate Amount Financed. The disclosed Amount following:
Financed in the amount of $[redacted] is over Letter of
disclosed by $[redacted] compared to the calculated Explanation,
Amount Financed of $[redacted] and the disclosed Proof of
Finance Charge is not accurate within applicable Delivery,
tolerances for Amount Financed to be considered Corrected CD,
accurate (fee amounts included in Amount Financed and Re-open
and Finance Charge calculations are based on Rescission
Closing Disclosure dated [redacted]). (required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400619 35274909 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure disclosed a finance charge of Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NY Primary Purchase TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on $[redacted] Calculating at $[redacted] with a variance 7:38:46 AM Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge of $[redacted] - Provide the
on page [redacted] that does not match the actual following:
Finance Charge for the loan. The disclosed Finance Letter of
Charge in the amount of $[redacted] is under Explanation,
disclosed by $[redacted] compared to the calculated Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400619 35274912 Compliance Compliance Federal TRID TRID [redacted] Tolerance Violation With TILA-RESPA Integrated Disclosure:[redacted] Reviewer Comment (2025-12-19): Sufficient Cure 12/XX/2025 1 A A NY Primary Purchase Provide the Non QM Non QM Yes
Compliance Sufficient Cure - [redacted](f)([redacted]) Tolerance exceeded for Document Preparation Fee. Provided within 60 Days of Closing 5:19:29 AM following:
Cure Fee Amount of $[redacted] exceeds tolerance of Letter of
$[redacted] Sufficient or excess cure was provided Explanation
to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400623 35275835 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; that does not have a declared end date. The appraisal Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; was performed after the FEMA declaration start date but
Disaster End Date: ___ prior to the declared end date
[redacted] [redacted] [redacted] [redacted] 627400625 35274897 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in a FEMA disaster area Reviewer Comment (2026-01-23): Guidelines 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; and no post disaster inspection report was provided. outdated, cleared. 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
greater than 1 year from review date
Reviewer Comment (2026-01-08): Disaster
Greater than 1 from third party review date
[redacted] [redacted] [redacted] [redacted] 627400625 35275885 Credit Credit AUS Credit Guideline Requirement: Maximum Loan Amount Note loan amount of ___ is greater than Guideline Note loan amount of $[redacted] is greater than Reviewer Comment (2026-01-23): Guides 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Discrepancy / discrepancy. maximum loan amount of ___. Guideline maximum loan amount of $[redacted] Lender outdated, cleared. 12:36:47 PM
Guidelines Exception not provided
Discrepancy Seller Comment (2026-01-21): Disagree, Loan
amount is within guidelines. [redacted] Max
loan amount was [redacted] at this time frame
for OO purchase, traditional grid Deluxe
product. See guidelines
[redacted] [redacted] [redacted] [redacted] 627400626 35233924 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Post Disaster Inspection report not provided after Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Disaster End Date. Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400628 35270873 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The property is located in a FEMA disaster area. Provide Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; a post disaster inspection verifying there was no Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; damage. The inspection must include exterior photo and
Disaster End Date: ___ the property must be re-inspected on or after [redacted]
declared end date.
[redacted] [redacted] [redacted] [redacted] 627400631 35233944 Credit Insurance Insurance Insurance Insufficient Coverage: Hazard insurance Hazard Insurance amount is insufficient. Please provide Reviewer Comment (2026-01-15): After further 1/XX/2026 1 C A OH Investment Refinance N/A N/A No
Analysis coverage amount is insufficient. RCE or document supporting extended replacement review, exception cleared. 10:40:39 PM - Cash-out
coverage. - Other
Seller Comment (2026-01-15): loan amount is
[redacted]
see attached insurance as dweeling listed is
$[redacted], which covers the loan amount
[redacted] [redacted] [redacted] [redacted] 627400631 35233952 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-14): Resetting for 1/XX/2026 1 C A OH Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. business days 3:54:16 PM - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400631 35480980 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-29): Okay per 1/XX/2026 1 A OH Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. [redacted] guidelines 5:56:43 PM - Cash-out
- Other
Reviewer Comment (2026-01-15): Page 43 of
[redacted] guidelines:
For ALL loan programs, employment for salaried
borrowers must be re-verified within 10 days
prior to
closing and for self-employed borrowers a
verification of the existence of the business
is required within 30
days of closing from a 3rd party such as the
CPA, regulatory agency or applicable licensing
bureau and
verification of a phone listing and address of
the borrower's business using a telephone
book, the internet,
or directory assistance.
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
attached FVOE
[redacted] [redacted] [redacted] [redacted] 627400634 35247714 Credit Income / Income Missing [redacted] Documents are missing. - Reviewer Comment (2026-01-28): After further 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Document review, exception cleared. 9:12:11 PM
Seller Comment (2026-01-27): Attached are the
mortgage stmts for both Single Family
residences referenced evidencing escrowed for
taxes & insurance.
[redacted] [redacted] [redacted] [redacted] 627400634 35247870 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The latest dated appraisal inspection date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted]. There was a FEMA disaster dated [redacted]. greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; Need a post-disaster inspection form indicating no
Disaster End Date: ___ damage to the subject property and must be dated after Reviewer Comment (2026-01-08): Disaster
the disaster declaration. Greater than [redacted] from third party
review date
[redacted] [redacted] [redacted] [redacted] 627400634 35247950 Credit Income / Income Income / Income Docs Missing: - Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment cleared. 9:12:51 PM
Seller Comment (2026-01-27): Attached is the
VVOE for Michael Taite Shaket completed within
10 business days of closing.
[redacted] [redacted] [redacted] [redacted] 627400634 35248033 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Waterfall condition for missing VOE for the borrower's Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not employment. 7:24:56 AM
match the ATR payment calculation methods under
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400634 35248034 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400634 35248269 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall condition due to the DTI/ issue which is Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not causing the loan to waterfall to straight QM testing. cleared. 9:13:52 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-27): Loan designation
is General ATR (Not QM).
[redacted] [redacted] [redacted] [redacted] 627400634 35248270 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Missing a VOE for the borrower's employment. Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status cleared. 9:13:52 PM
using reasonably reliable third-party records.
Seller Comment (2026-01-27): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400634 35248271 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Missing a VOE for the borrower's employment. Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, cleared. 9:13:52 PM
the loan is at ATR risk.
Seller Comment (2026-01-27): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400634 35248340 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General DTI is not matchig Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 9:13:52 PM
[redacted] [redacted] [redacted] [redacted] 627400634 35248341 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure AP Table TILA-RESPA Integrated Disclosure - Adjustable Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase Letter of Non QM Non QM Yes
Compliance Subsequent Changes Test Payment Table: Final Closing Disclosure provided on disclosed a Subsequent Changes period that does not 7:36:03 AM Explanation &
[redacted] disclosed a Subsequent Changes period match the actual terms for the loan. Corrected
that does not match the actual terms for the loan. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400634 35248342 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400634 35248343 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on disclosed a periodic principal and interest payment for 7:53:54 AM Disclosure Cure
Payments [redacted] disclosed a periodic principal and payment stream [redacted] that does not match the actual - Provide the
interest payment for payment stream [redacted] that payment for the loan following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400634 35248347 Credit Income / Income Income / Verification(s) of employment is not within - Missing a VOE for the borrower's employment. Reviewer Comment (2026-01-28): Provided and 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared. 9:13:00 PM
Seller Comment (2026-01-27): See [redacted]
[redacted] [redacted] [redacted] [redacted] 627400635 35284873 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than 1 from third party review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400635 35284956 Compliance Compliance Federal TRID TRID [redacted]Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Reviewer Comment (2025-12-20): Sufficient Cure 12/XX/2025 1 A A CA Primary Purchase Provide the Non QM Non QM Yes
Compliance With Sufficient Cure - Fee Tolerance exceeded for Loan Discount Points. Provided within 60 Days of Closing 6:08:14 AM following:
[redacted](f)([redacted]) Cure Fee Amount of $[redacted] exceeds tolerance of Letter of
$[redacted] Sufficient or excess cure was provided Explanation
to the borrower. notifying
borrower or
error, Copy of
Refund
Check/Evidence
of Principal
Reduction,
Corrected CD,
and Proof of
Delivery (if
refund is over
$35)
[redacted] [redacted] [redacted] [redacted] 627400640 35235308 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Lender considered higher rental income Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-22): Approved DTI 1/XX/2026 2 C B NY Investment Refinance N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. more than [redacted] years. XXX exception with comp factors provided from 6:35:38 PM -
Guidelines Borrower has verified disposable income of at least XXX origination. Rate/Term
Discrepancy $[redacted] XXX
Borrower has worked in the same position for more than XXX Seller Comment (2026-01-21): Disagree with DTI
[redacted] years. XXX calculation.The index used by [redacted] is
Borrower's monthly reserves have been verified and XXX [redacted]%, qualifying rate of [redacted]%
exceed the amount required based on the guidelines by and P&I of [redacted]. Attached is a
at least [redacted] months. screenshot of our ARM Details screen which
The Combined Loan to Value (CLTV) on the loan is less provides validation of the index. [redacted]%
than the guideline maximum by at least [redacted]%. DTI exception approved by Management per
The Loan to Value (LTV) on the loan is less than the attached.
guideline maximum by at least [redacted]%.
The representative FICO score exceeds the guideline Seller Comment (2026-01-21): Disagree with DTI
minimum by at least [redacted] points. calculation.The index used by [redacted] is
[redcated]%, qualifying rate of [redcated]%
and P&I of [redcated]. Attached is a
screenshot of our ARM Details screen which
provides validation of the index. [redacted]%
DTI exception approved by Management per
attached.
[redacted] [redacted] [redacted] [redacted] 627400640 35235309 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment is not within [redacted] Reviewer Comment (2026-01-22): Provided and 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. business days of the Note. cleared. 6:36:24 PM -
Rate/Term
Seller Comment (2026-01-21): Verification of
employment was completed on [redacted] and
loan closed [redacted] (within [redacted]
business days) per attached.
[redacted] [redacted] [redacted] [redacted] 627400642 35243798 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure Issue Date Not Provided Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NJ Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] removed from testing per attestation. 6:24:01 PM Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400642 35243799 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure Issue Date Not Provided Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A NJ Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] removed from testing per attestation. 6:24:01 PM Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400642 35243800 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B NJ Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] 7:46:58 AM
with an increasing payment disclosed the due date
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400645 35235903 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Most Recent Valuation Inspection Date: ___; Greater than [redcated] from third party
Disaster Name: ___; review date
Disaster Declaration Date: ___;
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400645 35235935 Compliance TRID Document Error TRID Closing Disclosure: Dates are not in - Issue Date: ___; Received Date: ___; Signed Date: As per Closing Disclosure Issue Date: [redacted]; and Reviewer Comment (2026-02-27): Waive 2/XX/2026 2 B B IL Investment Purchase N/A N/A No
chronological order. ___ Received and Signed Date verified as [redacted]. 8:49:55 AM
Reviewer Comment (2026-02-04): Client agrees
Seller Comment (2026-02-03): [redacted] is
unable to provide and agrees with exception
[redacted] [redacted] [redacted] [redacted] 627400645 35235993 Credit Income / Income Missing REO Documents are missing. - Insurance Verification and Tax Verification was missing Reviewer Comment (2026-02-04): Doc provided 2/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Document in file for property located at [redacted] and and cleared 5:55:22 PM
[redacted]
Seller Comment (2026-02-03): doc upload
Seller Comment (2026-02-03): Taxes taken from
ICR
[redacted] [redacted] [redacted] [redacted] 627400645 35236099 Credit Income / Income Income / Verification(s) of employment is not within - Verification(s) of employment was not within [redacted] Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] calendar days of the Note. calendar days of the Note. business days. 8:56:46 AM
[redacted] [redacted] [redacted] [redacted] 627400645 35237125 Credit Credit AUS Guideline Guideline Requirement: PITIA reserves months Calculated PITIA months reserves of [redacted] are less Reviewer Comment (2026-02-04): Acknowledged 2/XX/2026 1 C A IL Investment Purchase N/A N/A No
Discrepancy / discrepancy. than guideline PITIA months required reserves of 6:03:23 PM
Guidelines [redacted]. Seller Comment (2026-02-03): [redacted]
Discrepancy months reserves $[redacted] + Final CD CTC
$[redacted]=$[redacted] Borrower assets
$[redacted] not including EMD, borrower has
suffient funds to close.
[redacted] [redacted] [redacted] [redacted] 627400645 35237126 Credit Income / Income Income / Income documentation requirements not met. File was missing VOE within [redacted] calendar days of Reviewer Comment (2026-02-04): Cleared after 2/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment the Note date of [redacted]. further review 6:00:32 PM
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400645 35486711 Credit Income / Income Income / Verification(s) of employment is not within - VOE is not within [redacted] business days of note Reviewer Comment (2026-02-04): Cleared after 2/XX/2026 1 A IL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. further review 6:00:40 PM
Seller Comment (2026-02-03): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400646 35243417 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure loan terms section shows Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B VA Primary Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] interest only until year [redacted]. Calculated interest 7:46:58 AM
with an increasing payment disclosed the due date only in until year [redacted].
of the last payment of interest only that does not
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400647 35245317 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The latest dated appraisal inspection date is Reviewer Comment (2026-02-07): BPO provided 2/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted]. There was a FEMA disaster dated [redacted]. and cleared. 8:07:51 PM
FEMA disaster. Disaster Declaration Date: ___; Need a post-disaster inspection form indicating no
Disaster End Date: ___ damage to the subject property and must be dated after Buyer Comment (2026-02-06): BPO Porivded
the disaster declaration.
[redacted] [redacted] [redacted] [redacted] 627400647 35245624 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): [redacted]due to missing income documents for borrower Reviewer Comment (2026-01-29): Income 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not [redacted]. sufficiently verified for FN with CPA letter. 1:22:58 PM provide updated
match Due Diligence Loan Designation of ATR Risk. ATR/QM Loan
Designation
[redacted] [redacted] [redacted] [redacted] 627400647 35245625 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self [redacted] due to missing income documents for borrower 12/XX/2025 2 B B CA Primary Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax [redacted]. 4:15:42 PM
returns provided are not the most recent.
Application Date [redacted], Most Recent Tax
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400647 35245626 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self [redacted] due to missing income documents for borrower 12/XX/2025 2 B B CA Primary Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax [redacted]. 4:15:42 PM
returns provided are not the most recent.
Application Date [redacted], Most Recent Tax
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400647 35245627 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self [redacted] due to missing income documents for borrower 12/XX/2025 2 B B CA Primary Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax [redacted]. 4:15:42 PM
returns provided are not the most recent.
Application Date [redacted], Most Recent Tax
Return End Date [redacted], Tax Return Due Date
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400647 35245632 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to missing income documents for borrower Reviewer Comment (2026-01-29): Income 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, [redacted]. sufficiently verified for FN with CPA letter. 1:22:58 PM
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400647 35248262 Credit Income / Income Income / Income documentation requirements not met. [redacted] and K-[redacted] for [redacted] not provided Reviewer Comment (2026-01-29): Income 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment for borrower [redacted]. sufficiently verified for FN with CPA letter. 1:21:53 PM
Seller Comment (2026-01-28): borrower
[redacted] self employed outside [redacted] -
cpa letter utilized
[redacted] [redacted] [redacted] [redacted] 627400647 35248264 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to missing income documents for borrower Reviewer Comment (2026-01-29): Income 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or [redacted]. sufficiently verified for FN with CPA letter. 1:22:24 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400652 35255513 Credit Loan Package Application / Missing Missing Document: Approval not provided Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing Document cleared 8:48:23 AM Home
[redacted] [redacted] [redacted] [redacted] 627400652 35255619 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Payment TILA-RESPA Integrated Disclosure - Loan Terms: Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM Yes
Compliance Interest Only Until Test Final Closing Disclosure provided on [redacted] [redacted] with an increasing payment disclosed, the due 7:46:58 AM Home
with an increasing payment disclosed the due date date of the last payment was updated as per the Closing
of the last payment of interest only that does not Disclosure.
match the actual last payment for the loan.
[redacted] [redacted] [redacted] [redacted] 627400652 35255620 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] with an increasing payment disclosed, the due 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and date of the last payment was updated as per the Closing - Provide the
interest payment for payment stream [redacted] that Disclosure. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400652 35255621 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Projected P&I TILA-RESPA Integrated Disclosure - Projected Loan Terms: Final Closing Disclosure provided on Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase TILA Material Non QM Non QM Yes
Compliance Min Payment Adjustable Rate Subsequent Payments: Final Closing Disclosure provided on [redacted] with an increasing payment disclosed, the due 7:53:54 AM Home Disclosure Cure
Payments [redacted] disclosed a periodic principal and date of the last payment was updated as per the Closing - Provide the
interest payment for payment stream [redacted] that Disclosure. following:
does not match the actual payment for the loan. Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400652 35255629 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
note date. Third party verification for [redacted]
[redacted] [redacted] and [redacted] [redacted] was not
provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35255649 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. note date. Third party verification for [redacted] ATR/QM status
[redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): no income was
provided. used from[redacted] Fam or [redacted]Village
[redacted] [redacted] [redacted] [redacted] 627400652 35255738 Compliance Compliance Federal ATR/QM Defect Income Data was not provided Income Source and Qualifying Monthly Income Amount Re-verification of employment for wage income was not Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance are required. within [redacted] calendar days of the note date. Third cleared 8:55:30 AM Home
party verification for [redacted] [redacted] [redacted]
and [redacted] [redacted] was not provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35255739 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:43:39 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted][redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter
Seller Comment (2026-01-23): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400652 35255740 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign income,
provided. uploaded FN CPA letter
[redacted] [redacted] [redacted] [redacted] 627400652 35255741 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter aleady uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255742 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255743 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255744 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - K-[redacted] Less [redacted]% verify current K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) status using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255745 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Employment - W-[redacted] verify current Wages/W-[redacted] employment status income was not within [redacted] calendar days of the cleared 8:55:30 AM Home
using reasonably reliable third-party records. note date. Third party verification for [redacted]
[redacted] [redacted] and [redacted] [redacted] was not
provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35255746 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:43:39 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255747 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255748 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255749 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255750 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255751 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-23): Exception 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance and Assets - K-[redacted] Less [redacted]% verify K-[redacted] (Less than [redacted]% income was not within [redacted] calendar days of the cleared. 2:50:30 PM Home
Ownership) income using reasonably reliable third- note date. Third party verification for [redacted]
party records. [redacted] [redacted] and [redacted] [redacted] was not Seller Comment (2026-01-23): foreign cpa
provided. letter already uploaded
[redacted] [redacted] [redacted] [redacted] 627400652 35255758 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; FEMA disaster exception: The subject property is located Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; in a FEMA Disaster area. A post-disaster inspection greater than [redacted] year from review date 1:18:34 PM Home
FEMA disaster. Disaster Declaration Date: ___; verifying there was no damage to the subject property is
Disaster End Date: ___ required. Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from third party
review date
[redacted] [redacted] [redacted] [redacted] 627400652 35256199 Credit Income / Income Income / The verification of employment is required - Re-verification of employment for wage income was not Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment and was not found in file. within [redacted] calendar days of the note date. Third cleared 8:51:18 AM Home
party verification for [redacted] [redacted] [redacted]
and [redacted] [redacted] was not provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35272120 Credit Income / Income Income / Income Docs Missing: - Re-verification of employment for wage income was not Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment within [redacted] calendar days of the note date. Third cleared 8:51:24 AM Home
party verification for [redacted] [redacted] [redacted]
and [redacted] [redacted] was not provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35272200 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or income was not within [redacted] calendar days of the cleared 8:50:49 AM Home
asset doc requirements which could result in a risk note date. Third party verification for [redacted]
to the borrower's ability to repay. (Exception is [redacted] [redacted] and [redacted] [redacted] was not
eligible to be regraded with compensating factors.) provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35272313 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on Waterfall due to re-verification of employment for wage Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, income was not within [redacted] calendar days of the cleared 8:52:19 AM Home
the loan is at ATR risk. note date. Third party verification for [redacted]
[redacted] [redacted] and [redacted] [redacted] was not
provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35272338 Credit Income / Income Income / Income documentation requirements not met. Re-verification of employment for wage income was not Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment within [redacted] calendar days of the note date. Third cleared 8:51:38 AM Home
party verification for [redacted] [redacted] [redacted]
and [redacted] [redacted] was not provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35272339 Credit Income / Income Income / Verification(s) of employment is not within - Re-verification of employment for wage income was not Reviewer Comment (2026-01-15): Resetting for 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] calendar days of the Note. within [redacted] calendar days of the note date. Third business days 8:22:11 AM Home
party verification for [redacted] [redacted] [redacted]
and [redacted] [redacted] was not provided.
[redacted] [redacted] [redacted] [redacted] 627400652 35486408 Credit Income / Income Income / Verification(s) of employment is not within - VOE not within [redacted] business days of Note. Reviewer Comment (2026-01-21): Provided and 1/XX/2026 1 A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. cleared 8:51:31 AM Home
[redacted] [redacted] [redacted] [redacted] 627400652 35596822 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Corporativo Diamante Toreo, SA de CV/Schedule K-
[redacted]. [redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400652 35596823 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Diamante Zapopan, SAPI de
[redacted].
[redacted] [redacted] [redacted] [redacted] 627400652 35596825 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self elf Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Promotora Reforma [redacted] SAPI de CV/Schedule K-
[redacted]. [redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400652 35596826 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Parque Interlomas Residential, SAPI de CV/Schedule K-
[redacted]. [redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400652 35596827 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Residential Plaza Victoria, SAPI de CV/Schedule K-
[redacted]. [redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400652 35596828 Compliance Compliance Federal ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank [redacted]): Self Self Employed Tax Returns - The business or personal tax 1/XX/2026 2 B FL Second Purchase Non QM Non QM No
Compliance Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application 8:56:26 AM Home
returns provided are not the most recent. Date [redacted], Most Recent Tax Return End Date
Application Date [redacted], Most Recent Tax [redacted], Tax Return Due Date [redacted]. ([redacted]
Return End Date [redacted], Tax Return Due Date Promotora Mexico [redacted] SA de CV/Schedule K-
[redacted]. [redacted] less than [redacted] Percent)
[redacted] [redacted] [redacted] [redacted] 627400653 35246412 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from third party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400660 35243329 Credit Hazard Insufficient Hazard The Hazard Insurance Policy effective date Hazard Insurance Policy Effective Date ___; Homeowners insurance policy has an effective date of Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Insurance Coverage Insurance is after the funds disbursed. Disbursement Date: ___; Note Date: ___; Transaction [redacted] and started after the loan closed on more than [redacted] years. XXX to regrade and waive. 9:27:08 AM
Date: ___ [redacted]. Borrower has verified disposable income of at least XXX
$[redacted] XXX Seller Comment (2026-02-02): [redacted] is
Borrower has worked in the same position for more than XXX unable to provide and agrees with exception
[redacted] years. XXX
Borrower's monthly reserves have been verified and Seller Comment (2026-01-30): Agree send to
exceed the amount required based on the guidelines by buyer
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400660 35243346 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; The subject property is located in FEMA disaster area. A Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; post-disaster inspection verifying there was no damage greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; to the subject property is required.
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from third party
review date
[redacted] [redacted] [redacted] [redacted] 627400660 35243524 Compliance Compliance Federal TRID Defect TRID [redacted] Percent Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted]Percent Doc translation fee was last disclosed as $[redacted] on Reviewer Comment (2026-02-23): Waive 2/XX/2026 2 B B CA Primary Purchase Fee Tolerance Non QM Non QM Yes
Compliance Without Sufficient Cure Provided Fee Tolerance exceeded for Administration Fee. Fee Initial LE but disclosed as $[redacted] on Final Closing 9:26:48 AM Refund Provide
Amount of $[redacted] exceeds tolerance of Disclosure. File does not contain a valid COC for this the Following:
$[redacted] $[redacted] over legal limit. fee. Insufficient or no cure was provided to the Letter of
Insufficient or no cure was provided to the borrower. Explanation,
borrower. Proof of
Delivery, Copy
of Refund
Check, and
Corrected CD
[redacted] [redacted] [redacted] [redacted] 627400660 35248266 Credit Credit AUS Credit Guideline Requirement: Maximum Loan Amount Note loan amount of ___ is greater than Guideline Approved lender exception in file for loan amount from Borrower has been employed in the same industry for XXX Reviewer Comment (2025-12-16): Approved lender 12/XX/2025 2 B B CA Primary Purchase Non QM Non QM No
Discrepancy / discrepancy. maximum loan amount of ___. origination. more than [redacted] years. XXX exception in file for loan amount from 1:45:08 PM
Guidelines Borrower has verified disposable income of at least XXX origination.
Discrepancy $[redacted] XXX
Borrower has worked in the same position for more than XXX
[redacted] years. XXX
Borrower's monthly reserves have been verified and
exceed the amount required based on the guidelines by
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400661 35235266 Credit Income / Income Income / Verification(s) of employment is not within - VVOE Not Provided within [redacted] Business days of Reviewer Comment (2026-01-22): WVOE OK for 1/XX/2026 1 C A NY Investment Refinance N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. closing. [redacted] 3:17:11 PM - Cash-out
- Other
Seller Comment (2026-01-22): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400667 35234891 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Post Disaster Inspection report not provided after Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Disaster End Date. greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from [redacted] party
review date
[redacted] [redacted] [redacted] [redacted] 627400667 35234896 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Calculated investor qualifying total debt ratio of Calculated investor qualifying total debt ratio of Borrower has been employed in the same industry for XXX Reviewer Comment (2026-01-23): Client elects 1/XX/2026 2 C B CA Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. ___ exceeds Guideline total debt ratio of ___. [redacted]% exceeds Guideline total debt ratio of more than [redacted] years. XXX to waive and downgrade 5:43:29 PM
Guidelines [redacted]%. Borrower total debt $[redacted] / total Borrower has verified disposable income of at least XXX Premier [redacted] borrower with no other
Discrepancy income $[redacted] = DTI of [redacted]% $[redacted] XXX [redacted]
Borrower has worked in the same position for more than XXX
[redacted] years. XXX Seller Comment (2026-01-22): Please see
Borrower's monthly reserves have been verified and uploaded documentation showing the DTI of
exceed the amount required based on the guidelines by [redacted]% was approved
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400669 35232562 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than [redacted] from [redacted]party
review date
[redacted] [redacted] [redacted] [redacted] 627400669 35237896 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds Borrower has been employed in the same industry for Approved lender XXX Reviewer Comment (2026-01-15): Approved lender 1/XX/2026 2 C B CA Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. more than [redacted] years. exception for Originator exception for CLTV from origination in file, 7:28:28 PM
Eligibility Eligibility Eligibility Borrower has verified disposable income of at least CLTV from Pre-Close,XXX includes comp factors.
$[redacted] origination in XXX
Borrower has worked in the same position for more than file, includes Originator Seller Comment (2026-01-15): see uploaded
[redacted] years. comp factors. Pre-Close,XXX management approval email for [redacted]% LTV
Borrower's monthly reserves have been verified and Approved lender XXX
exceed the amount required based on the guidelines by exception for XXX
at least [redacted] months. CLTV from
Borrowers made a down payment from their own funds on origination in
this purchase transaction of at least [redacted]% and file, includes
$[redacted] comp factors.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400669 35237897 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Borrower has been employed in the same industry for Approved lender XXX Reviewer Comment (2026-01-15): Approved lender 1/XX/2026 2 C B CA Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage more than [redacted] years. exception for Originator exception for CLTV from origination in file, 7:28:36 PM
Guidelines of ___. Borrower has verified disposable income of at least CLTV from Pre-Close,XXX includes comp factors.
Discrepancy $[redacted] origination in XXX
Borrower has worked in the same position for more than file, includes Originator Seller Comment (2026-01-15): see uploaded
[redacted] years. comp factors. Pre-Close,XXX management approval email for [redacted]% LTV
Borrower's monthly reserves have been verified and Approved lender XXX
exceed the amount required based on the guidelines by exception for XXX
at least [redacted] months. CLTV from
Borrowers made a down payment from their own funds on origination in
this purchase transaction of at least [redacted]% and file, includes
$[redacted] comp factors.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400670 35234834 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted] party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400672 35236283 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A TX Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; Greater than [redacted] from [redacted] party 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___; review date
Disaster End Date: ___
Most Recent Valuation Inspection Date: ___;
Disaster Name: ___;
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400677 35236042 Credit Income / Income Missing REO Documents are missing. - ___ Insurance Verification & Tax Verification are missing. Reviewer Comment (2026-02-04): Okay per 2/XX/2026 1 C A CA Investment Purchase N/A N/A No
Employment Documentation Document ___ [redacted]guidelines. 3:53:26 PM
Seller Comment (2026-02-03): Held in
[redacted] [redacted] [redacted], please refer
to corporate returns - expenses do not apply
to borrower.
[redacted] [redacted] [redacted] [redacted] 627400677 35236051 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Missing disaster inspection. The disaster end date is Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A CA Investment Purchase N/A N/A No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; [redacted]. greater than [redacted] year from review date 1:18:34 PM
FEMA disaster. Disaster Declaration Date: ___;
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Greater than[redacted] from [redacted] party
review date
[redacted] [redacted] [redacted] [redacted] 627400677 35236071 Credit Borrower and Mortgage / Borrower and Guideline Requirement: Loan to value Calculated loan to value percentage of ___ exceeds an to value discrepancy. Borrower has been employed in the same industry for Approved LTV XXX Reviewer Comment (2026-02-04): Approved LTV 2/XX/2026 2 C B CA Investment Purchase N/A N/A No
Mortgage Program Mortgage discrepancy. Guideline loan to value percentage of ___. Calculated loan to value percentage of [redacted]% more than [redacted] years. exception with XXX exception with comp factors provided from 3:54:40 PM
Eligibility Eligibility Eligibility exceeds Guideline loan to value percentage of Borrower has worked in the same position for more than comp factors Originator origination.
[redacted]%. [redacted] years. provided from Pre-Close,XXX
Borrower's monthly reserves have been verified and origination. XXX Seller Comment (2026-02-03): doc upload
exceed the amount required based on the guidelines by XXX
at least [redacted] months. Seller Comment (2026-02-03):
Borrowers made a down payment from their own funds on [redacted]Exception was granted
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400677 35236072 Credit Credit AUS Guideline Guideline Requirement: Combined loan to Calculated combined loan to value percentage of ___ Calculated combined loan to value percentage of Borrower has been employed in the same industry for Approved LTV XXX Reviewer Comment (2026-02-04): Approved LTV 2/XX/2026 2 C B CA Investment Purchase N/A N/A No
Discrepancy / value discrepancy. exceeds Guideline combined loan to value percentage [redacted]% exceeds Guideline combined loan to value more than [redacted] years. exception with XXX exception with comp factors provided from 3:54:48 PM
Guidelines of ___. percentage of [redacted]%. Borrower has worked in the same position for more than comp factors Originator origination.
Discrepancy [redacted] years. provided from Pre-Close,XXX
Borrower's monthly reserves have been verified and origination. XXX Seller Comment (2026-02-03):
exceed the amount required based on the guidelines by XXX [redacted]Exception was granted
at least [redacted] months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400677 35238723 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Lender excluded rent loss for [redacted] [redacted]. Reviewer Comment (2026-02-04): Okay per 2/XX/2026 1 C A CA Investment Purchase N/A N/A No
Discrepancy / total debt ratio discrepancy. Property could be located on [redacted] returns in file [redacted]guidelines. 3:56:13 PM
Guidelines to exclude.
Discrepancy Seller Comment (2026-02-03): On corporate
returns, does not apply to borrower
[redacted] [redacted] [redacted] [redacted] 627400679 35248776 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a 1:18:34 PM
FEMA disaster.
[redacted] [redacted] [redacted] [redacted] 627400679 35248903 Credit Credit AUS Guideline Guideline Requirement: Investor qualifying Borrower has been employed in the same industry for Approved DTI XXX 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Discrepancy / total debt ratio discrepancy. more than 5 years. exception with XXX 6:37:55 PM
Guidelines Borrower has verified disposable income of at least comp factors XXX
Discrepancy $2500.00. provided from Originator
Borrower has worked in the same position for more than origination. Pre-Close,XXX
3 years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
The representative FICO score exceeds the guideline
minimum by at least 40 points.
[redacted] [redacted] [redacted] [redacted] 627400679 35248933 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): 1/XX/2026 1 C A CA Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not 6:45:42 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
[redacted] [redacted] [redacted] [redacted] 627400679 35248934 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Ability-to-Repay (Dodd-Frank [redacted]): Unable to 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Employment - Schedule C Test verify current Sole Proprietorship status using 6:45:42 PM
reasonably reliable third-party records.
[redacted] [redacted] [redacted] [redacted] 627400679 35248935 Compliance Compliance Federal ATR/QM Defect General ATR Provision Investor and Non QM Ability to Repay (Dodd-Frank [redacted]): The DTI Borrower has been employed in the same industry for Approved DTI XXX 1/XX/2026 2 C B CA Primary Purchase Non QM Non QM No
Compliance DTIs match and both moderately exceed calculated in accordance with the Lenders more than 5 years. exception with XXX 6:48:09 PM
Guidelines Guidelines and [redacted](c)([redacted]) of Borrower has verified disposable income of at least comp factors XXX
[redacted]% moderately exceeds the guideline $2500.00. provided from Originator
maximum of [redacted]%. (DTI Exception is eligible Borrower has worked in the same position for more than origination. Pre-Close,XXX
to be regraded with compensating factors.) 3 years. XXX
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by
at least 4 months.
Borrowers made a down payment from their own funds on
this purchase transaction of at least 5% and $5,000.00.
The representative FICO score exceeds the guideline
minimum by at least 40 points.
[redacted] [redacted] [redacted] [redacted] 627400679 35248936 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General 1/XX/2026 1 A A CA Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. 6:45:42 PM
[redacted] [redacted] [redacted] [redacted] 627400679 35248937 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Homeowners TILA-RESPA Integrated Disclosure - Projected 1/XX/2026 1 B A CA Primary Purchase TILA Material Non QM Non QM Yes
Compliance Insurance Included In Escrow Test Payments: Final Closing Disclosure provided on 6:50:44 PM Disclosure Cure
[redacted] incorrectly disclosed whether Homeowners - Provide the
Insurance is included in escrow. following:
Letter of
Explanation,
Proof of
Delivery,
Corrected CD,
and Re-open
Rescission if
Applicable
[redacted] [redacted] [redacted] [redacted] 627400679 35248975 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): Based on 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Guidelines the loan failing one or more guideline components, 6:43:20 PM
the loan is at ATR risk.
[redacted] [redacted] [redacted] [redacted] 627400679 35249343 Credit Income / Income Income / Income documentation requirements not met. 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Employment Documentation Employment 6:41:44 PM
[redacted] [redacted] [redacted] [redacted] 627400679 35249378 Compliance Compliance Federal ATR/QM Defect Income/Asset Guideline Deficiency - ATR Ability to Repay (Dodd-Frank [redacted]): There are 1/XX/2026 1 C A CA Primary Purchase Non QM Non QM No
Compliance Impact guideline deficiencies related to income and/or 6:42:29 PM
asset doc requirements which could result in a risk
to the borrower's ability to repay. (Exception is
eligible to be regraded with compensating factors.)
[redacted] [redacted] [redacted] [redacted] 627400679 35611556 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Other Includes TILA-RESPA Integrated Disclosure - Projected 2/XX/2026 2 B CA Primary Purchase Good Faith Non QM Non QM Yes
Compliance Insurance Costs Payments Estimated Taxes, Insurance, & Assessments: 7:43:07 AM Redisclosure
Final Closing Disclosure provided on [redacted]
disclosed whether insurance is included in escrow
in incorrect section. Creditor disclosed insurance
cost to consumer in "Other" section where
regulation requires insurance to be disclosure
under "Homeowner's Insurance" section. Disclosure
requirement met, non-material exception for
incorrect format/placement.
[redacted] [redacted] [redacted] [redacted] 627400682 35234229 Property Property - Appraisal Data Property - XXX license or certification was not active - Reviewer Comment (2026-01-23): XXX cert 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Appraisal Integrity Appraisal at the time of the appraisal. received 2:21:06 PM
Seller Comment (2026-01-22): Uploaded the
appraisal license attached in report,
appraisal license is valid and not expired
[redacted] [redacted] [redacted] [redacted] 627400682 35234298 Credit Income / Income Missing REO Documents are missing. - Insurance Verification Reviewer Comment (2026-01-23): Insurance 1/XX/2026 1 C A NY Investment Purchase N/A N/A No
Employment Documentation Document Verification received. 2:24:27 PM
Seller Comment (2026-01-22): Please see
insurance uploaded for [redacted]
[redacted] [redacted] [redacted] [redacted] 627400684 35244798 Credit Loan Package Application / Flood FEMA Disaster Issue: The most recent Most Recent Valuation Inspection Date: ___; Reviewer Comment (2026-01-08): Disaster 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Documentation Processing valuation inspection is dated prior to a Disaster Name: ___; greater than [redacted] year from review date 1:18:34 PM Home - Cash-out
FEMA disaster. Disaster Declaration Date: ___; - Other
Disaster End Date: ___ Reviewer Comment (2026-01-08): Disaster
Most Recent Valuation Inspection Date: ___; Greater than [redacted] from [redacted] party
Disaster Name: ___; review date
Disaster Declaration Date: ___;
Disaster End Date: ___
[redacted] [redacted] [redacted] [redacted] 627400684 35244955 Credit Income / Income Missing REO Documents are missing. - [redacted] property Tax document is missing. Reviewer Comment (2026-01-23): Verification of 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Employment Documentation Document mortgage provided, exception cleared. 5:52:07 PM Home - Cash-out
- Other
Seller Comment (2026-01-22): Please see
international credit report showing the taxes
for property noted, $ [redacted]/XX/ no ins.
[redacted] [redacted] [redacted] [redacted] 627400684 35245245 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Refinance Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out provide updated
match Due Diligence Loan Designation of ATR Fail. transcripts Most recent signed, dated [redacted] returns - Other ATR/QM status
Seller Comment (2026-01-22): Please clear ATR
exception based on property expenses for noted
property were provided
[redacted] [redacted] [redacted] [redacted] 627400684 35245246 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out
third-party records. transcripts Most recent signed, dated [redacted] returns - Other
Seller Comment (2026-01-22): Please clear ATR
exception based on property expenses for noted
property were provided
[redacted] [redacted] [redacted] [redacted] 627400684 35245247 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out
third-party records. transcripts Most recent signed, dated [redacted] returns - Other
Seller Comment (2026-01-22): Please clear ATR
exception based on property expenses for noted
property were provided
[redacted] [redacted] [redacted] [redacted] 627400684 35245248 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out
third-party records. transcripts Most recent signed, dated [redacted] returns - Other
Seller Comment (2026-01-22): Please clear ATR
exception based on property expenses for noted
property were provided
[redacted] [redacted] [redacted] [redacted] 627400684 35245249 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 C A FL Second Refinance Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out
third-party records. transcripts Most recent signed, dated [redacted] returns - Other
Seller Comment (2026-01-22): Please clear ATR
exception based on property expenses for noted
property were provided
[redacted] [redacted] [redacted] [redacted] 627400684 35245250 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Investor Ability to Repay (Dodd-Frank [redacted]): The Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance Non QM Non QM No
Compliance Qualification Method not Matching ATR Qualification Method used by the lender does not signed, dated [redacted]s and Most recent Business tax 7:24:56 AM Home - Cash-out
match the ATR payment calculation methods under transcripts Most recent signed, dated [redacted] returns - Other
[redacted](c)([redacted]).
[redacted] [redacted] [redacted] [redacted] 627400684 35245251 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Due to missing Most recent tax transcripts, Most recent Reviewer Comment (2026-01-23): After further 1/XX/2026 1 A A FL Second Refinance Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. signed, dated [redacted]s and Most recent Business tax review, exception cleared. 7:29:08 PM Home - Cash-out
transcripts Most recent signed, dated [redacted] returns - Other
[redacted] [redacted] [redacted] [redacted] 627400684 35245383 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [redacted] Disclosures: Amount of Estimated Property Costs 7:58:07 AM Home - Cash-out Explanation &
over Year [redacted] of on Final Closing - Other Corrected
Disclosure provided on [redacted] are Closing
underdisclosed Disclosure
[redacted] [redacted] [redacted] [redacted] 627400684 35245384 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a 8:24:23 AM Home - Cash-out
change in loan product and a complete Closing - Other
Disclosure was not received by borrower at least
three ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400684 35245399 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance TILA Material Non QM Non QM Yes
Compliance Calculations: Final Closing Disclosure provided on disclosed an inaccurate Finance Charge on page 7:38:46 AM Home - Cash-out Disclosure Cure
[redacted] disclosed an inaccurate Finance Charge [redacted] that does not match the actual Finance Charge Reviewer Comment (2026-01-20): Appears lender - Other - Provide the
on page [redacted] that does not match the actual for the loan. The disclosed Finance Charge in the amount used an index of [redacted]%, the lowest index following:
Finance Charge for the loan. The disclosed Finance of $[redacted] is under disclosed by $[redacted] in [redacted] look back is [redacted]%, Letter of
Charge in the amount of $[redacted] is under compared to the calculated Finance Charge of $[redacted] causing the finance charge variance due to Explanation,
disclosed by $[redacted] compared to the calculated which exceeds the $[redacted] threshold payments. Proof of
Finance Charge of $[redacted] which exceeds the Delivery,
$[redacted] threshold (fee amounts included in Refund check
Finance Charge calculation are based on Closing for
Disclosure dated [redacted]). underdisclosed
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400684 35245400 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Total Of TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance TILA Material Non QM Non QM Yes
Compliance Payments Calculations: Final Closing Disclosure provided on disclosed an inaccurate Total of Payments on page 10:28:51 AM Home - Cash-out Disclosure Cure
[redacted] disclosed an inaccurate Total of [redacted] that does not match the actual total of - Other - Provide the
Payments on page [redacted] that does not match the payments for the loan (fee amounts included in TOP following:
actual total of payments for the loan (fee amounts calculation are based on Closing Disclosure dated Letter of
included in TOP calculation are based on Closing [redacted]). The disclosed Total of Payments in the Explanation,
Disclosure dated [redacted]). The disclosed Total amount of $[redacted] is under disclosed by $[redacted] Proof of
of Payments in the amount of $[redacted] is under compared to the calculated total of payments of Delivery,
disclosed by $[redacted] compared to the calculated $[redacted] which exceeds the $[redacted] threshold. Refund check
total of payments of $[redacted] which exceeds the for
$[redacted] threshold. underdisclosed
equivalent
amount,
Corrected CD,
and Re-open
Rescission
(required on
rescindable
transactions)
[redacted] [redacted] [redacted] [redacted] 627400684 35245401 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:01:57 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400684 35245402 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Refinance Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:03:43 AM Home - Cash-out Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. - Other Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400684 35620889 Credit System General Appraisal Valuation address does not match Note - City name on note [redacted] on [redacted]. Reviewer Comment (2026-01-23): Amended note 1/XX/2026 1 A FL Second Refinance Non QM Non QM No
Reconciliation address. provided and cleared. 7:28:05 PM Home - Cash-out
- Other
[redacted] [redacted] [redacted] [redacted] 627400686 35234763 Credit Income / Income Missing REO Documents are missing. - ___ Borrower has been employed in the same industry for XXX Reviewer Comment (2026-02-23): Client elects 2/XX/2026 2 C B IL Investment Purchase N/A N/A No
Employment Documentation Document more than [redacted] years. XXX to regrade and waive. 9:28:30 AM
Borrower has verified disposable income of at least XXX
$[redacted] XXX Reviewer Comment (2026-02-02): Seller agrees
Borrower has worked in the same position for more than XXX with finding. Loan file is missing Tax
[redacted] years. XXX Verification for REO.
Borrower's monthly reserves have been verified and XXX
exceed the amount required based on the guidelines by XXX Seller Comment (2026-01-30): agree
at least [redacted] months. XXX Send to Buyer
Borrowers made a down payment from their own funds on
this purchase transaction of at least [redacted]% and
$[redacted]
The Combined Loan to Value (CLTV) on the loan is less
than the guideline maximum by at least [redacted]%.
The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]%
less than the guideline maximum.
The representative FICO score exceeds the guideline
minimum by at least [redacted] points.
[redacted] [redacted] [redacted] [redacted] 627400686 35234769 Credit Income / Income Missing REO Documents are missing. - Reviewer Comment (2026-01-15): Cleared. 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Document Insurance doc provided 1:10:08 PM
Seller Comment (2026-01-15): [redacted]
[redacted] [redacted] [redacted] [redacted] 627400686 35234845 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. guidelines. 9:02:08 PM
Seller Comment (2026-01-20): [redacted]
uploaded, no where does it say that I can find
that she started in [redacted]
Reviewer Comment (2026-01-15): Exception
remains. Please provide VOE for employment
with start date [redacted]
Seller Comment (2026-01-15): foreign VOE
upload
[redacted] [redacted] [redacted] [redacted] 627400686 35234846 Credit Income / Income Income / The verification of employment is required - Reviewer Comment (2026-01-15): Cleared. VVOE 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment and was not found in file. dated within [redacted]buisness days of note 1:29:32 PM
provided
Seller Comment (2026-01-15): duplciate entry
Seller Comment (2026-01-15): duplicate entry
Seller Comment (2026-01-15): [redacted]VOE
upload
[redacted] [redacted] [redacted] [redacted] 627400686 35234847 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 9:00:48 PM
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400686 35234848 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. guidelines. 9:00:44 PM
Seller Comment (2026-01-20): o Foreign
borrowers with income outside of the
[redacted]will not have a VOE, per product
guidelines a written verification of
employment is obtained.
Reviewer Comment (2026-01-15): Exception
remains, please provide VOE dated within
[redacted]buisness days of note
Seller Comment (2026-01-15): duplicate entry,
uploaded under [redacted]
[redacted] [redacted] [redacted] [redacted] 627400686 35234849 Credit Income / Income Income / Verification(s) of employment is not within - Reviewer Comment (2026-01-15): Cleared. VVOE 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment [redacted] business days of the Note. dated within [redacted] buisness days of note 1:30:24 PM
provided
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400686 35235751 Credit Income / Income Income / Income documentation requirements not met. Verification of employment for both borrowers was not Reviewer Comment (2026-01-20): Okay per 1/XX/2026 1 C A IL Investment Purchase N/A N/A No
Employment Documentation Employment obtained within the required timeframe of closing. guidelines. 9:00:39 PM
Seller Comment (2026-01-20): Not required
Foreign borrowers with income outside of the
[redacted] will not have a VOE, per product
guidelines a written verification of
employment is obtained.
Reviewer Comment (2026-01-15): Exception
remains, please provide voe dated within
[redacted]business days for borrower
Seller Comment (2026-01-15): Foreign borrowers
with income outside of the [redacted]will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400687 35249386 Credit Credit Credit Missing Missing Document: Credit Report not provided File is missing the borrower's credit report. Please Reviewer Comment (2026-01-30): Credit report 1/XX/2026 1 D A FL Second Purchase Non QM Non QM No
Documentation Document provide for review. not required for foreign borrowers. 1:44:40 PM Home
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): credit report
attached
[redacted] [redacted] [redacted] [redacted] 627400687 35249556 Credit Income / Income Missing REO Documents are missing. - The file is missing the taxes, hazard insurance, Reviewer Comment (2026-01-30): Tax document 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document mortgage statement documentation for this property. provided. 1:40:42 PM Home
Please provide for review.
Seller Comment (2026-01-30):
[redacted]Insurance included w/mtg
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): attached
[redacted] [redacted] [redacted] [redacted] 627400687 35249600 Credit Loan Package Application / Loan Package Missing Document: HOA Questionnaire not Reviewer Comment (2026-02-03): Project 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Documentation Processing Documentation provided approval provided, exception cleared. 12:40:41 PM Home
Seller Comment (2026-02-03): doc upload
Seller Comment (2026-02-03): Per Guidelines:
If there is a current, unexpired questionnaire
in the [redacted] database, no additional
questionnaire needs to be obtained. A
screenshot of the [redacted] database must be
included in the file as evidence of current
documentation. Document attached is from our
[redacted] [redacted] database and is
acceptable.
Reviewer Comment (2026-01-30): Document
provided is not inclusive of all that is
required of a [redacted] questionnaire.
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): attached
[redacted] [redacted] [redacted] [redacted] 627400687 35249601 Credit Income / Income Missing REO Documents are missing. - The file is missing the hazard insurance and tax Reviewer Comment (2026-01-30): Documents 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Document documentation for this property. Please provide for provided. 1:41:24 PM Home
review.
Seller Comment (2026-01-30): doc upload
Seller Comment (2026-01-30): Taxes attached,
no insurance
[redacted] [redacted] [redacted] [redacted] 627400687 35249632 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Property Costs TILA-RESPA Integrated Disclosure - Loan Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Year [redacted] Underdisclosed - [redacted] Disclosures: Amount of Estimated Property Costs 7:58:07 AM Home Explanation &
over Year [redacted] of on Final Closing Reviewer Comment (2025-12-16): Estimated Corrected
Disclosure provided on [redacted] are Taxes, Insurance & Assessments on page Closing
underdisclosed [redacted] of CD is $[redacted]Estimated Disclosure
Escrow is $[redacted]; Estimated Property Cost
over Year [redacted] is blank.
[redacted] [redacted] [redacted] [redacted] 627400687 35249633 Compliance Compliance Federal TRID Defect TRID Initial Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Non QM Non QM No
Compliance Electronically Provided delivered to Borrower(s) within [redacted] 8:12:23 AM Home
([redacted]) business days of application. Initial
Loan Estimate dated [redacted] was electronically
provided without or prior to borrower's consent to
receive electronic disclosures. Failure to comply
with the provisions of the E-Sign Act and failure
to provide good faith estimate of fees timely may
result in additional fee tolerance violations.
[redacted] [redacted] [redacted] [redacted] 627400687 35249652 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Credit Ability to Repay (Dodd-Frank [redacted]): Unable to The file is missing the credit report for the borrower. Reviewer Comment (2026-02-03): Foreign Credit 2/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Compliance History verify debt obligations using reasonably reliable Please provide the origination credit report for review. report provided, exception cleared. 12:48:57 PM Home
third-party records.
Seller Comment (2026-02-03): Per Guidelines:
If there is a current, unexpired questionnaire
in the [redacted] database, no additional
questionnaire needs to be obtained. A
screenshot of the [redacted] database must be
included in the file as evidence of current
documentation. Document attached is from our
[redacted] [redacted] database and is
acceptable.
Seller Comment (2026-01-30): already attached
[redacted] [redacted] [redacted] [redacted] 627400687 35249710 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-03): Foreign Credit 2/XX/2026 1 C A FL Second Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not exception will be cleared when all ATR related report provided, exception cleared. 12:48:57 PM Home provide updated
match Due Diligence Loan Designation of ATR Fail. exceptions are cleared. ATR/QM status
Seller Comment (2026-01-30): ATR/QM is correct
[redacted] [redacted] [redacted] [redacted] 627400687 35249711 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Loan designation failure due to ATR failure. This Reviewer Comment (2026-02-03): Foreign Credit 2/XX/2026 1 A A FL Second Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. exception will be cleared when all ATR related report provided, exception cleared. 12:48:57 PM Home
exceptions are cleared.
[redacted] [redacted] [redacted] [redacted] 627400687 35249712 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided on incorrectly disclosed whether the loan will have an 8:01:57 AM Home Explanation &
[redacted] incorrectly disclosed whether the loan escrow account. Corrected
will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400687 35249713 Compliance Compliance Federal TRID Defect TRID Final Closing Disclosure Will Not Have TILA-RESPA Integrated Disclosure - Loan Final Closing Disclosure provided on [redacted] Reviewer Comment (2026-02-27): waived 2/XX/2026 2 B B FL Second Purchase Letter of Non QM Non QM Yes
Compliance Escrow Account Disclosures: Final Closing Disclosure provided incorrectly disclosed whether the loan will have an 8:03:43 AM Home Explanation &
onNot providedincorrectly disclosed whether the escrow account. Corrected
loan will have an escrow account. Closing
Disclosure
[redacted] [redacted] [redacted] [redacted] 627400687 35249826 Credit Income / Income Income / Verification(s) of employment is not within - The file is missing the verbal verification of Reviewer Comment (2026-01-30): VVOE not 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Employment Documentation Employment [redacted] business days of the Note. employment obtained within [redacted]business days of required. 1:42:15 PM Home
closing.
Seller Comment (2026-01-30): Foreign borrowers
with income outside of the [redacted] will not
have a VOE, per product guidelines a written
verification of employment is obtained.
[redacted] [redacted] [redacted] [redacted] 627400687 35249856 Credit Missing General Missing Missing Document: Condo/PUD Warranty not Reviewer Comment (2026-01-12): Provided and 1/XX/2026 1 C A FL Second Purchase Non QM Non QM No
Document Document provided cleared. 4:18:52 PM Home
Seller Comment (2026-01-12): No warranty is
required to be completed if the [redacted] has
final approval, a screen shot of the approval
must be included in the loan file. review
the [redacted] [redacted] Project database to
determine if the project has already been
reviewed:
{Y"} If the project is on the approved list in
the [redacted] database, and no docs are
expired, follow the
procedure to capture the approval from the
[redacted] database. Screen shot was in file
and is attached.
[redacted] [redacted] [redacted] [redacted] 627400689 35251217 Compliance Compliance Federal ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A TX Primary Purchase Lender to Non QM Non QM Yes
Compliance Originator Loan Designation of Non QM does not Diligence Loan Designation of ATR Fail. cleared. 6:47:52 PM provide updated
match Due Diligence Loan Designation of ATR Fail. ATR/QM status
Seller Comment (2026-01-27): Please clear ATR/
QM exception. the other exception has been
cleared thanks
[redacted] [redacted] [redacted] [redacted] 627400689 35251218 Compliance Compliance Federal ATR/QM Defect General Ability To Repay Provision Income Ability to Repay (Dodd-Frank [redacted]): Unable to ATR failure due to insufficient income documentation. Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 C A TX Primary Purchase Non QM Non QM No
Compliance and Assets - Partnership verify Partnership income using reasonably reliable This exception will be cleared once all ATR specific cleared. 6:47:52 PM
third-party records. exceptions have been cured/cleared.
Seller Comment (2026-01-27): See other
exception / upload - Borrower is [redacted]
Employee, see attached paystub, current VOE
and prior VOE . [redacted] party partnership
income verification is not required.
Seller Comment (2026-01-27): Borrower is
[redacted] employee, see attached paystub.,
current VOE and prior written VOE ( non
[redacted]) . New to country - relocated to
[redacted]. [redacted] party partnership
income verification is not requried.
Seller Comment (2026-01-27): Borrower is
w[redacted] employee, see attached paystub.,
current VOE and prior written VOE ( non
[redacted]) . New to country - relocated to
[redacted] . [redacted] party partnership
income verification is not requried.
Reviewer Comment (2026-01-23): Exception
remains. please provide relaible [redacted]
party verification for partnership income
Seller Comment (2026-01-22): Please clear ATR
exception - approval provided for reserves
[redacted] [redacted] [redacted] [redacted] 627400689 35251219 Compliance Compliance Federal ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General General Ability-to-Repay requirements not satisfied. Reviewer Comment (2026-01-27): Provided and 1/XX/2026 1 A A TX Primary Purchase Non QM Non QM No
Compliance Ability-to-Repay requirements not satisfied. cleared. 6:47:52 PM
[redacted] [redacted] [redacted] [redacted] 627400689 35251220 Compliance Compliance Federal TRID Defect TRID Closing Disclosure Issue Date Not TILA-RESPA Integrated Disclosure: Closing Closing Disclosure estimated to be provided on Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A TX Primary Purchase Good Faith Non QM Non QM Yes
Compliance Provided Disclosure estimated to be provided on [redacted] [redacted] did not disclose the actual Date Issued. removed from testing per attestation. 6:47:52 PM Redisclosure
did not disclose the actual Date Issued. Unable to
conclusively determine Final Closing disclosure to
use to test for compliance with applicable TRID
timing requirements, TRID fee tolerance testing or
accuracy of disclosures at or before consummation
due to missing Issue Date. Tested using an
estimated Date Issued based on best information
available.
[redacted] [redacted] [redacted] [redacted] 627400689 35251221 Compliance Compliance Federal TRID Defect TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Corrected Closing Disclosure issued on [redacted] Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance Product Change Closing Disclosure issued on [redacted] contains a contains a change in loan product and a complete Closing removed from testing per attestation. 6:47:52 PM
change in loan product and a complete Closing Disclosure was not received by borrower at least three
Disclosure was not received by borrower at least ([redacted]) business days prior to consummation.
three ([redacted]) business days prior to
consummation.
[redacted] [redacted] [redacted] [redacted] 627400689 35251224 Compliance Compliance Federal TRID Defect TRID Revised Loan Estimate Issue and TILA-RESPA Integrated Disclosure: Revised Loan Revised Loan Estimate provided on or after the date the Reviewer Comment (2026-01-27): Incomplete CDs 1/XX/2026 1 B A TX Primary Purchase No Defined Cure Non QM Non QM No
Compliance Received Date >