Exhibit 99.01 - Schedule 2
| Exception Grades |
| Run Date - 5/7/2026 12:13:53 PM |
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXX | 2116923 | XXX | 35582489 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender-Approved Exception allowing for a cash-out transaction with the borrower on title for less than [redacted] months, and the borrower's not having a documented housing payment for [redacted], [redacted] and [redacted]. Approval was made contingent on borrower's providing a clean title, and paying off the [redacted] loan. The final CD shows the required loan payoff, and payment of delinquent taxes, satisfying the required conditions. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. 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. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-12-09): Lender approved exception in file |
12/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2125724 | XXX | 35722904 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing Test | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] business days prior to closing. | Evidence of earlier receipt not provided | Buyer Comment (2026-01-26): [redacted] elects to waive |
01/26/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | No Defined Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2131429 | XXX | 35851276 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-12-09): Final FTP provided Buyer Comment (2025-12-09): See attached final title |
12/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| XXX | 2131429 | XXX | 35851277 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-12-09): FTP provided |
12/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| XXX | 2131429 | XXX | 35851278 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | [redacted]: A letter from a CPA must be obtained verifying that the withdrawal of funds or the transaction will not have a negative impact on the business. If a CPA letter is not provided, a cash flow analysis of the business assets and liabilities (balance sheet) must be completed by the client to determine if the withdrawal of funds from the business is acceptable. | Borrower has verified disposable income of at least $[redacted]. | SitusAMC | Buyer Comment (2026-02-03): Residual Income exceeds $[redacted] LTV is [redacted]% under the max for FICO Reviewer Comment (2026-02-03): Page [redacted] of the guidelines, section [redacted] Business Assets: A letter from a CPA must be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business. If a CPA letter is not provided, a cash flow analysis of the business assets and liabilities (balance sheet) must be completed by the client to determine if the withdrawal of funds from the business is acceptable. Buyer Comment (2026-01-22): The business was not used to qualify for income on the file so no CPA letter is required. As you can see from the operating agreement the borrower owns [redacted]% of the company and has access tot he funds. the Letter is only required if the account is used both for income and assets Reviewer Comment (2025-12-09): The CPA letter provided is not for the business in question. Please review original condition. [redacted]: A letter from a CPA must be obtained verifying that the withdrawal of funds or the transaction will not have a negative impact on the business. If a CPA letter is not provided, a cash flow analysis of the business assets and liabilities (balance sheet) must be completed by the client to determine if the withdrawal of funds from the business is acceptable. Buyer Comment (2025-12-09): CPA Letter |
02/03/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||
| XXX | 2131429 | XXX | 35851279 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-Arm's per appraisal: Investment properties are allowed if the subject property is tenant occupied and sold at fair market value. Seller cannot occupy the property prior to closing or post consummation. Appraisal notes Owner Occupied. | Reviewer Comment (2026-02-03): Appraisal updated to Arms Length. Both owner and seller have realtors. Buyer Comment (2026-01-08): Uploaded the revised appraisal that shows it was tenant occupied which is reinforced by the purchase contract stating tenant was to move out prior to close of escrow. Buyer Comment (2026-01-08): Revised for tenant occupied Buyer Comment (2026-01-08): Did you read the purchase contact???? Reviewer Comment (2026-01-08): As noted on [redacted], there is no tenant in the property. The property is owner occupied by the current property seller. Also, as previously noted, this is required for non-arms. If property is not non-arms, then the appraisal will need to be updated with the correct information, or the client can elect to waive this condition with verified compensation factors. Buyer Comment (2026-01-08): We should not have to waive when the purchase contract clearly states the tenant will vacate the property. Please re-read the purchase contract. That is on page [redacted] of the Seller's counter offer # [redacted]. clearly states Tenant will vacate prior to close of escrow. Tailer and all other personal property ;left by tenant shall remain be buyers responsibility to remove upon close of escrow. Reviewer Comment (2025-12-18): The appraisal is not tenant occupied, it is owner occupied by the property seller, therefore the tenant clause does not apply as well as the guidelines do not allow the property seller to occupy the property prior to closing or post closing. The property seller was occupying prior to closing. As noted in the guidelines for non-arms per page [redacted], section [redacted]: [redacted] properties are allowed if the subject property is tenant occupied and sold at fair market value. Seller cannot occupy the property prior to closing or post consummation. Client can elect to waive with verified compensation factors. Buyer Comment (2025-12-18): Re-Review the purchase contract. clearly sates the tenant was required to vacate prior to close of escrow. Listing is / was on [redacted] - [redacted] Buyer Comment (2025-12-18): [redacted] guidelines do not require a property to be tenant occupied for this program prior to sale. A vacant property qualifies for financing. Seller did not occupy the property, review the purchase contract in which it states they evicted the tenant on page [redacted] of the contract to effect the sale. There are several statements made that do not follow [redacted] guidelines regarding this program and [redacted] properties. Property is not a nonarms-length transaction. The appraiser was incorrect as the listing was found on [redacted]. The appraiser only checked MLS and nothing else. We gave the appraiser the listing site. The property was also not an owner occupied, they evicted the tenant to effect the sale. Borrower has a primary which we have provided the documetnation for Reviewer Comment (2025-12-09): This loan was reviewed to [redacted] investor advantage guidelines. Per page [redacted], section [redacted] Non-Arms: [redacted] properties are allowed if the subject property is tenant occupied and sold at fair market value. Seller cannot occupy the property prior to closing or post consummation. Appraisal notes Owner Occupied. Buyer Comment (2025-12-09): The seller is not within our purview as to occupancy. Buyer Comment (2025-12-09): [redacted] does not have this requirement that it must be currently occupied as it was a purchase. Transaction is an investment property. |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2131429 | XXX | 35851280 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Non-Arms per appraisal: Relationship must be fully disclosed. | Reviewer Comment (2026-02-03): Appraisal updated to Arms Length. Both owner and seller have realtors. Reviewer Comment (2026-01-08): As noted on [redacted], if property is not non-arms, then the appraisal will need to be updated with the correct information or the client can elect to waive this condition with verified compensation factors. Buyer Comment (2026-01-08): It was not nonarmslength. That is conjecture. The appraiser did not correctly ascertain a number of facts. Reviewer Comment (2025-12-10): Both parties having their own realtors does not mean there isn't a direct relationship outside of the subject transaction between a borrower and a party to the loan. The appraiser must be informed of the relationship and address any impact on market value per guidelines. The appraiser noted Non-Arms. If the transaction is really arm's length and there isn't a direct relationship between partiers outside of the subject transaction, the appraisal will need to be updated to arm's length. Client can elect to waive with verified compensation factors. Buyer Comment (2025-12-09): Both parties had their own realtors. Reviewer Comment (2025-12-09): This loan was reviewed to [redacted] investor advantage guidelines. Per page [redacted], section [redacted] Non-Arms: Relationship must be fully disclosed. There is no evidence nor does the appraiser make comments that this is a Non-Arms only because it was not listed on the MLS. Buyer Comment (2025-12-09): Thje non-arm's length designation is due to the fact the property was not listed in a traditional venue. |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2131429 | XXX | 35851281 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per appraisal, [redacted]acres. Acres: Maximum acreage permitted is [redacted]acres. Exceptions will be reviewed above [redacted]acres on a case-by-case basis. | Borrower has verified disposable income of at least $[redacted]. | SitusAMC | Reviewer Comment (2026-01-08): Client elects to waive with verified compensation factors Buyer Comment (2026-01-08): [redacted] Exception Buyer Comment (2026-01-08): Acreage Exception Reviewer Comment (2025-12-10): If waiving, please provide the approved exception form with comp factors. Buyer Comment (2025-12-09): [redacted] COMP FACTORS ARE REQUIRED. COMP [redacted] - [redacted] MONTHS RESERVES COMP [redacted] - RESIDUAL INCOME EXCEEDS $[redacted] ACREAGE EXCEPTION APPROVED WITH A MAXIMUM LTV OF [redacted]% AND A FIELD REVIEW |
01/08/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||
| XXX | 2131429 | XXX | 35851282 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Per appraisal, Non-Arms. [redacted]- month seller mortgage history is required. Seller must be current prior to contract execution and through closing. | Reviewer Comment (2026-02-03): Appraisal updated to Arms Length. Both owner and seller have realtors. Reviewer Comment (2025-12-18): Agreed this applies to family sales only, however we do not know the relationship between the borrower and property seller as it was not disclosed. An exception was set for this as well. Buyer Comment (2025-12-18): That is only applicable in the event the property is being sold to family. The seller was not family. Reviewer Comment (2025-12-10): Per the appraisal, the property is owner occupied. However, occupied or not, this does not mean there isn't a mortgage on the property held by the property seller. The title verifies a mortgage held by the property seller, item #[redacted]. History is required. Buyer Comment (2025-12-09): Property was unoccupied at the time of the sale per the purchase contract. |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141187 | XXX | 35851319 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Borrower has verified disposable income of at least $[redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
SitusAMC SitusAMC |
Reviewer Comment (2026-02-06): Client elects to waive with verified compensation factors Buyer Comment (2026-02-06): see attached Reviewer Comment (2026-01-21): The exception reflects the borrower has [redacted] months reserves which is inaccurate. Borrower has [redacted] months reserves. Revise exception. Buyer Comment (2026-01-21): EXCEPTIONS FOR RESERVES Reviewer Comment (2026-01-21): The [redacted] does not clear this condition. Please review comments from [redacted]. In the addition, the [redacted] also reflects a reserves shortage. Minimum [redacted] months for loan amount. Buyer Comment (2026-01-21): [redacted] Reviewer Comment (2026-01-21): Balance sheet was provided but does not clear this condition. The business funds were already included at time of review and borrower is short reserves. Qualifying accounts / Funds #[redacted], Equity on sold property. EMD and gift funds also utilized however these cannot be used for reserves. Buyer Comment (2026-01-21): see attached |
02/06/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2141187 | XXX | 35851320 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Insufficient reserves | Reviewer Comment (2026-02-06): Loan designation updated to Non-QM. Condition no longer applies. Buyer Comment (2026-02-06): see attached Reviewer Comment (2026-01-21): The exception reflects the borrower has [redacted] months reserves which is inaccurate. Borrower has [redacted] months reserves. Revise exception. Reviewer Comment (2026-01-21): The [redacted] does not clear this condition. Please review comments from [redacted]. In the addition, the [redacted] also reflects a reserves shortage. Minimum [redacted]months for loan amount. Reviewer Comment (2026-01-21): Balance sheet was provided but does not clear this condition. The business funds were already included at time of review and borrower is short reserves. Qualifying accounts / Funds #[redacted], Equity on sold property. EMD and gift funds also utilized however these cannot be used for reserves. Buyer Comment (2026-01-21): see attached |
02/06/2026 | 1 | B | A | C | A | B | A | C | A | B | A | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2141187 | XXX | 35851321 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient reserves | Reviewer Comment (2026-02-06): Loan designation updated to Non-QM. Condition no longer applies Buyer Comment (2026-02-06): see attached Reviewer Comment (2026-01-21): The exception reflects the borrower has [redacted] months reserves which is inaccurate. Borrower has [redacted] months reserves. Revise exception. Reviewer Comment (2026-01-21): The [redacted] does not clear this condition. Please review comments from [redacted]. In the addition, the [redacted] also reflects a reserves shortage. Minimum [redacted] months for loan amount. Reviewer Comment (2026-01-21): Balance sheet was provided but does not clear this condition. The business funds were already included at time of review and borrower is short reserves. Qualifying accounts / Funds #[redacted], Equity on sold property. EMD and gift funds also utilized however these cannot be used for reserves. Buyer Comment (2026-01-21): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2141187 | XXX | 35851322 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | A letter from a CPA must be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business. If a CPA letter is not provided, a cash flow analysis of the business assets and liabilities (balance sheet) must be completed by the client to determine if the withdrawal of funds from the business is acceptable. | Reviewer Comment (2026-01-21): Cash flow analysis provided Buyer Comment (2026-01-21): see attached |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141187 | XXX | 35851323 | Credit | TRID | Document Error | TRID | The amount of gift funds listed on the closing disclosure exceeds the amount of gift funds assets documented for use in the transaction. | The Final CD reflects gifts of $[redacted] received, however gift letter and wire only reflect $[redacted]. | Reviewer Comment (2026-02-11): Corrected PC-CD and LOE to borrower provided Buyer Comment (2026-02-11): see attached Buyer Comment (2026-02-10): Attached Reviewer Comment (2026-02-06): Correspondence provided noting borrower was updating gift letter and final stamped settlement statement to support gift of $[redacted]. Provide the PC-CD and LOE to borrower with correct to gift from $[redacted] to $[redacted]. Buyer Comment (2026-02-06): see attached -email chain on revised gift letter Buyer Comment (2026-02-06): see attached Reviewer Comment (2026-01-22): The gift letter was updated to reflect $[redacted], however it is not known who updated this. The lender cannot update the gift letter on behalf of the donor/borrower. Further, as noted, the Final CD reflects $[redacted]vs. $[redacted]. Buyer Comment (2026-01-21): Updated Gift Letter |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2136906 | XXX | 35946865 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Transfer letter not provided | Reviewer Comment (2026-02-05): Transfer letter provided Buyer Comment (2026-02-04): See attached |
02/05/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2136906 | XXX | 35946866 | Credit | Missing Document | General | Missing Document | Incomplete Document: [redacted] Final is incomplete | Provide the updated 1003. Subject property was just built therefore borrower has not been living in primary residence [redacted] year. | Reviewer Comment (2026-02-13): Corrected [redacted] provided Buyer Comment (2026-02-13): see attached Reviewer Comment (2026-02-12): Provide all pages of the corrected [redacted] Buyer Comment (2026-02-11): see attached Reviewer Comment (2026-02-05): The [redacted] reflects borrower rents at the previous residence on [redacted], however there is an LOE in that states lived rent free. Provide the updated [redacted]. Buyer Comment (2026-02-04): see attached |
02/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2131532 | XXX | 35947126 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Provide OFAC for the borrowing entity. | Reviewer Comment (2025-12-22): Received Fraud report with OFAC. Exception Cleared. Buyer Comment (2025-12-18): Fraud |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2132201 | XXX | 35947235 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified funds short $[redacted] | Reviewer Comment (2026-02-02): Updated bank statement received and now funds are sufficient to meet cash from borrower requirement. Exception Cleared. Buyer Comment (2026-01-29): bank statement |
02/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2129430 | XXX | 35966200 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Missing executed final HUD/CD in file. | Reviewer Comment (2025-11-03): Final SS. Buyer Comment (2025-10-30): Please see final HUD1 attached. Thank you. |
11/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2129430 | XXX | 35966201 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide UW discretion used for approving the borrower living rent free with someone other than a spouse. | Reviewer Comment (2025-11-03): UW comments on [redacted] Buyer Comment (2025-10-30): [redacted] with UW rent free comments. Thank you. |
11/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2129447 | XXX | 35966255 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2025-12-08): NOO Cert. Buyer Comment (2025-12-04): Non-Owner |
12/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXX | 2126786 | XXX | 35966335 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final signed copy of HUD1 is incomplete due to missing loan terms. | Reviewer Comment (2026-01-13): Executed HUD1 received and verified the details. Exception Cleared. Buyer Comment (2026-01-09): Final SS |
01/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2132452 | XXX | 35966453 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence of UW discretion for borrower living rent free with other than a spouse. | Reviewer Comment (2026-02-06): Received [redacted] with UW Discretion. Exception Cleared. Buyer Comment (2026-02-04): UW discretion |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2138581 | XXX | 36015524 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | All lease agreements for occupied units are missing x [redacted]. Unit [redacted] is vacant. | Reviewer Comment (2026-02-05): Per client confirmation, case by case basis verbiage is not considered an exception unless [redacted] deems it so. Per guidelines, purchases require leases on a case by case basis for multi-family property. Buyer Comment (2026-02-05): Sorry, just re-read the guideline and that only applies to all refinance and NOT a purchase. This transaction was a purchase. There is no requirements for leases on a purchase for loan purposes. My previous comment at [redacted] was a direct copy and paste from the [redacted]. Please refer to that Matrix. Buyer Comment (2026-02-05): Lease Req. For all refinances on a month-to-month lease, a current lease must be provided and supported with [redacted] most recent bank statements showing onsecutive rental payments Buyer Comment (2026-02-05): Per guidelines, lease agreements are only required on month-to-month basis. Reviewer Comment (2025-12-16): Per guidelines, lease agreements are required on multi-family properties [redacted] units. |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2138581 | XXX | 36015525 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | RCE not provided | Reviewer Comment (2026-02-06): RCE provided Buyer Comment (2026-02-06): Please see page [redacted] Replacement cost shows [redacted]. At close we relied on the doc showing [redacted] Buyer Comment (2026-02-06): RCE Reviewer Comment (2026-02-06): The document uploaded does not indicate what the replacement cost estimate of the property is. The policy just notes RC next to the dwelling coverage which is a replacement cost policy but we need the RCE or evidence it is guaranteed replacement cost. The insurer needs to provide this or an RCE must be provided. Buyer Comment (2026-02-05): This is direct from the Insurance company and should contain everything, so many pages. Buyer Comment (2026-02-05): Disregard the doc just uploaded Buyer Comment (2026-02-05): Full policy Reviewer Comment (2026-02-05): Please queue the condition when the RCE is in Buyer Comment (2026-02-05): Agree, RCE is pending. Reviewer Comment (2026-02-05): Coverage of the loan amount is acceptable only if it covers [redacted]% of the insured value (following the chart listed under Section [redacted]). Estimated cost new not on the multi-family appraisal and RCE not provided. Buyer Comment (2026-02-05): Loan amount is $[redacted] with coverage of $[redacted]. RCE is pending. |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2138581 | XXX | 36015527 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | City per documents in file and USPS.com reflects [redacted]. However, Note, DOT, [redacted], Business Purpose Cert and Occupancy Cert reflect [redacted]. Provide the corrected and executed documents, LOE to borrower, evidence of delivery to borrower and lender's letter of intent to re-record. | Reviewer Comment (2026-02-25): Received corrected [redacted] , LOI and mailing label which reflects in transit. Reviewer Comment (2026-02-24): Received corrected Note, DOT, Business Purpose Cert, Occupancy Cert and LOE to borrower. Still pending receipt of updated [redacted] , evidence of delivery to the borrower and lender's letter of intent to re-record. Buyer Comment (2026-02-24): Attached |
02/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2138581 | XXX | 36015528 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | > [redacted] days old | Reviewer Comment (2026-02-05): Updated COGS provided Buyer Comment (2026-02-05): This document is in the docs we uploaded. It shows nothing derogatory...this is the Good Standing. Buyer Comment (2026-02-05): Good Standing Buyer Comment (2026-02-05): State verif |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2138581 | XXX | 36015529 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate only in file | Reviewer Comment (2026-02-06): Final stamped settlement statement provided Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2136902 | XXX | 36015535 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form [redacted] was not provided. | - | Reviewer Comment (2026-02-05): [redacted] provided Buyer Comment (2026-02-05): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||||||
| XXX | 2136902 | XXX | 36015536 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | 1) The Cert of Good Standing is missing for the Borrowing Entity. [redacted]) The Cert of Good Standing for the [redacted] LLC's that own the Borrowing Entity are > [redacted]days old. | Reviewer Comment (2026-02-26): COGS provided Buyer Comment (2026-02-26): Attached Reviewer Comment (2026-02-06): COGS provided for the [redacted] [redacted]. However, the additional COGS is not for the Borrowing Entity. Borrowing Entity is [redacted]. The COGS provided is for [redacted]. Buyer Comment (2026-02-05): [redacted] Cert's of Good Standing |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||||||
| XXX | 2136902 | XXX | 36015537 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[redacted]. Provide the RCE. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-26): Per agent email, they indicated a reasonable estimated of the property's replacement cost is $[redacted]. Buyer Comment (2026-02-21): see attached Reviewer Comment (2026-02-06): The dec page provided has the same policy coverage that is in file and it i short by $[redacted]. Provide the RCE. Buyer Comment (2026-02-05): HOI Dec |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||
| XXX | 2136902 | XXX | 36015538 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Layered vesting will be reviewed on a case-by-case basis. Exception required. | Reviewer Comment (2026-02-05): Per client confirmation, case by case is not an exception to be cited for and [redacted] will deem acceptable. Buyer Comment (2026-02-05): This is allowed and not an exception |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||||||
| XXX | 2136902 | XXX | 36015539 | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., AirBnB) and evidence of at least [redacted] months of Operating History is not present in the loan file. | [redacted]-month look back required for all refinances. AirDNA provided, however is only allowed on purchases per guidelines. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-13): Client elects to waive with verified compensation factors Buyer Comment (2026-02-12): see attached Reviewer Comment (2026-02-06): All exceptions must come from [redacted]. Buyer Comment (2026-02-06): Exception from [redacted] on using the [redacted] report |
02/13/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||
| XXX | 2136902 | XXX | 36015540 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Access letters from the remaining owners of the business must be obtained as well. Borrower Entity on statements is owned by [redacted] other [redacted] with additional owners. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Buyer Comment (2026-02-26): Waiving requirement for the borrower to provide the partner letters. [redacted] and his wife own [redacted] Realty [redacted]. [redacted] owns [redacted]% of [redacted] so they are the majority owners. Comp factors are: [redacted]is greater than [redacted]%, and The FICO score of [redacted]is more than [redacted] points above the minimum required of [redacted]. Buyer Comment (2026-02-26): Waiving requirement for the borrower to provide the partner letters. [redacted] and his wife own [redacted] Realty [redacted]. [redacted] owns [redacted]% of [redacted] so they are the majority owners. Comp factors are: [redacted] is greater than [redacted]%, and The FICO score of [redacted] is more than [redacted] points above the minimum required of [redacted]. |
02/26/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||
| XXX | 2136902 | XXX | 36015541 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Max for STR | The representative FICO score exceeds the guideline minimum by at least [redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-23): Client elect to waive with verified compensation factors Buyer Comment (2026-02-21): see attached Reviewer Comment (2026-02-13): The matrix provided for this review is dated [redacted]. If a re-underwrite to new guidelines is required, please email management with the matrix and guidelines to review to. Buyer Comment (2026-02-12): LTV exception not required - see attached matrix |
02/23/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||
| XXX | 2136902 | XXX | 36015542 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-23): Client elect to waive with verified compensation factors Buyer Comment (2026-02-21): see attached Reviewer Comment (2026-02-13): The same bank statements were provided and already considered. R/T. Guidelines only refer to cash out transaction being able to utilized proceeds for reserves. [redacted] can elect to waive with verified compensation factors. Buyer Comment (2026-02-12): see attached - plus borr received cash out which can be used for reserves. |
02/23/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||
| XXX | 2138582 | XXX | 36015544 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-03): FTP provided |
03/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | |||||||||||||||
| XXX | 2138582 | XXX | 36015545 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-03-03): FTP provided Buyer Comment (2026-03-02): Attached |
03/03/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | |||||||||||||||
| XXX | 2138584 | XXX | 36015550 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] party sale and leaseback agreements or contract for deed transactions will not be permitted. The [redacted] states an exception was granted for this but no exception form with valid comp factors was provided. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[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. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-23): Client elects to waive with verified compensation factors Buyer Comment (2026-02-23): see attached |
02/23/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2138584 | XXX | 36015551 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Access letters from the remaining owners of the business must be obtained for [redacted] An LOE from an authorized signor was provided but the guidelines state the access letters must come from the additional owners. | Reviewer Comment (2026-03-04): Amendment to OA provided removing additional owners. Buyer Comment (2026-03-03): see attached Reviewer Comment (2026-03-03): The same documents were provided that were previously provided. Please see comments from [redacted] : The additional business owners are [redacted] Buyer Comment (2026-03-02): see attached Reviewer Comment (2026-02-26): The LOE provided does not have the additional owners being requested. Please see comments from [redacted]: The same documents were provided that were in file at time of review. The additional business owners are [redacted], & [redacted]. Buyer Comment (2026-02-25): Still need [redacted] Buyer Comment (2026-02-25): see attached Buyer Comment (2026-02-25): see attached- Reviewer Comment (2026-02-23): The same documents were provided that were in file at time of review. The additional business owners are [redacted], & [redacted]. As noted in the original condition, an LOE from the authorized signor (who is also a member) is not acceptable alone. Buyer Comment (2026-02-23): see attached |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2138584 | XXX | 36015552 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Provide the lender attestation if condo is warrantable or non-warrantable. If non-warrantable, additional conditions may apply. | Reviewer Comment (2026-02-13): Lender attesation provided noting condo is warrantable. Buyer Comment (2026-02-13): see attached |
02/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXX | 2141194 | XXX | 36015553 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2026-03-06): C/O settlement statement from concurrent transaction provided Buyer Comment (2026-03-05): Settlement Statement from another property that closed the same day for this entity reflecting sufficient cash out to meet reserve requirements |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXX | 2141194 | XXX | 36015555 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimated only in file. | Reviewer Comment (2026-03-06): Final stamped settlement statement provided Buyer Comment (2026-03-05): Attached |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141194 | XXX | 36015556 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket mortgage on title encumbering multiple properties. Full balance not paid through closing. | Reviewer Comment (2026-03-02): Email from title stating title is clear otherwise they cannot record. Buyer Comment (2026-03-02): Attached |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141195 | XXX | 36015558 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-27): FTP provided Buyer Comment (2026-02-27): TITLE Buyer Comment (2026-02-27): Attached |
02/27/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Refinance - Cash-out - Other | D | A | B | A | D | A | N/A | No | |||||||||||||||
| XXX | 2141195 | XXX | 36015559 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-27): FTP proivded |
02/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | A | B | A | D | A | N/A | No | |||||||||||||||
| XXX | 2141195 | XXX | 36015560 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. [redacted] | Reviewer Comment (2026-02-26): Desk review provided within [redacted] of appraised value. Buyer Comment (2026-02-26): Desk review attached |
02/26/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | B | A | D | A | N/A | No | |||||||||||||||
| XXX | 2136901 | XXX | 36015563 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower's Experience/Track Record |
Experienced investor owns and manages [redacted] or more properties for [redacted] months | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-24): Client elects to waive with verified compensation factors Buyer Comment (2026-02-24): see attached |
02/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141192 | XXX | 36015565 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2026-02-26): Final signed settlement statement Buyer Comment (2026-02-26): Attached |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXX | 2141192 | XXX | 36015566 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-15): Updated bank account provided for [redacted] and [redacted] . Asset utilized up until closing [redacted] . Post close assets not considered. Borrower has exactly [redacted] months reserves. Reviewer Comment (2026-02-27): Client elects to waive with verified compensation factors Buyer Comment (2026-02-27): Please see attached. Reviewer Comment (2026-02-26): Final settlement statement provided post review |
03/15/2026 | 1 | A | A | A | A | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| XXX | 2141185 | XXX | 36015573 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-27): [redacted] payment letter and CD provided Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141185 | XXX | 36015574 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-27): [redacted] payment letter and CD provided Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141185 | XXX | 36015575 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-27): [redacted] payment letter and CD provided Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141185 | XXX | 36015576 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-27): [redacted] payment letter and CD provided Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141185 | XXX | 36015577 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-27): [redacted] payment letter and CD provided Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141185 | XXX | 36015579 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide the Certificate of Formation for the Borrowing Entity | Reviewer Comment (2026-02-23): Cert of formation provided Reviewer Comment (2026-02-19): [redacted] is the name of the Borrowing Entity. Cert of Formation is required. Buyer Comment (2026-02-19): What is the name of the borrowing entity that will clear this condition Reviewer Comment (2026-02-05): The Cert of Formation is not for the Borrowing Entity. Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-01-27): The Beneficial Owner document is not the Certificate of Formation/Articles of Org. Buyer Comment (2026-01-26): see attached |
02/23/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141185 | XXX | 36015581 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2026-02-19): Evidence provided [redacted] has no property taxes as well as a search indicates HOI is offered by not required as well as property is free and clear. Buyer Comment (2026-02-19): see attached Reviewer Comment (2026-02-05): Condition is not a duplicate. This is for the borrower's primary residence overseas. The document provided in file is evidence of free and clear. Evidence of taxes or HOI, if applicable are not provided on this document. Buyer Comment (2026-02-05): Same condition twice Buyer Comment (2026-02-05): Not required they are a non perm. EAD information in the file. Buyer Comment (2026-02-05): Attached |
02/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141185 | XXX | 36015582 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a copy of the borrower's unexpired VISA as required per guidelines. | Reviewer Comment (2026-02-06): Guidelines allow a VISA or [redacted] with valid expiration dates or [redacted] provided. Reviewer Comment (2026-02-05): Per the approval, loan was reviewed to foreign national guidelines and borrower is living and working overseas. Guidelines for [redacted] require a VISA for [redacted] |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141185 | XXX | 36015583 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Employer to be independently verified (via LexisNexis, D&B International Business Search, Google, or other means of verification) | Reviewer Comment (2026-02-05): Employer search provided Buyer Comment (2026-02-05): Uploaded |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2136900 | XXX | 36015586 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Received first payment letter and settlement statement Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2136900 | XXX | 36015587 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Received first payment letter and final CD Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2136900 | XXX | 36015588 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-17): Received and associated [redacted] payment letter and Closing Statement. Exception cleared. Buyer Comment (2026-02-13): [redacted] payment and settlement Reviewer Comment (2026-02-11): We have received the first payment letter and noted that the Closing statement reflects no HOA dues. However, an HOA Verification document is available in the file on page [redacted] The Closing Disclosure also shows a monthly mortgage payment of [redacted] , while the final [redacted] reflects a monthly mortgage payment of [redacted] . Please provide supporting documentation to explain the additional [redacted] included in the final [redacted] . Exception remains. Buyer Comment (2026-02-10): [redacted] payment and settlement Buyer Comment (2026-02-10): [redacted] payment and settlement Buyer Comment (2026-02-09): [redacted] WVOM Reviewer Comment (2026-02-06): Received first payment letter. Pending receipt of Final CD to verify HOA dues. Buyer Comment (2026-02-05): Attached |
02/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2136900 | XXX | 36015589 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-17): Received and associated First payment letter and final CD. Exception cleared. Buyer Comment (2026-02-13): Please note the HOA shows on the appraisal Buyer Comment (2026-02-13): This is the HOA fee, it shows on the [redacted] as well. Buyer Comment (2026-02-13): [redacted] Payment and Settlement Reviewer Comment (2026-02-11): We have received the [redacted] payment letter and noted that the Closing Disclosure reflects no HOA dues. However, an HOA Verification document is available in the file on page [redacted] The Closing Disclosure also shows a monthly mortgage payment of [redacted] while the final [redacted] reflects a monthly mortgage payment of [redacted] . Please provide supporting documentation to explain the additional [redacted] included in the final [redacted] . Exception remains. Buyer Comment (2026-02-10): [redacted] Payment and CD Buyer Comment (2026-02-10): [redacted] Payment and CD Buyer Comment (2026-02-10): Duplicate - Disregard Buyer Comment (2026-02-09): [redacted] WVOM Reviewer Comment (2026-02-06): Received first payment letter. Pending receipt of Final CD to verify HOA dues. Buyer Comment (2026-02-05): Attached |
02/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2136900 | XXX | 36015590 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Received final CD Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2136900 | XXX | 36015591 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Reviewer Comment (2026-02-23): Evidence provided [redacted] has no property taxes as well as a search indicates HOI is offered but not required as well as property is free and clear. Buyer Comment (2026-02-23): Property Tax explanation Buyer Comment (2026-02-20): TAX DOC Reviewer Comment (2026-02-17): Received same documents which were available in file. Please provide Tax Verification and Insurance Verification for [redacted] Exception remains. Buyer Comment (2026-02-13): Primary Reviewer Comment (2026-02-11): Please Provide Tax Verification and Insurance Verification for [redacted] Exception remains. Buyer Comment (2026-02-09): This is borrower's primary Reviewer Comment (2026-02-05): The document provided is evidence of free and clear. Evidence of taxes or HOI, if applicable are not provided on this document. Buyer Comment (2026-02-05): Attached |
02/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2136900 | XXX | 36015592 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide the final stamped settlement statement. Estimate only in file. | Reviewer Comment (2026-02-03): Final stamped settlement statement provided Buyer Comment (2026-01-30): Final Settlement STATEMENT |
02/03/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2136900 | XXX | 36015593 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a copy of the borrower's unexpired VISA as required per guidelines. | Reviewer Comment (2026-02-06): Guidelines allow a VISA or [redacted] with valid expiration dates or [redacted] provided. Reviewer Comment (2026-02-05): Per the approval, loan was reviewed to foreign national guidelines and borrower is living and working overseas. Guidelines for [redacted] require a VISA for [redacted] Buyer Comment (2026-02-05): Not needed non perm. EAD docs are in the stack Reviewer Comment (2026-02-03): None of the documents provided are a VISA which is required when the loan is reviewed to the [redacted] guidelines. The borrower lives and works [redacted]. Buyer Comment (2026-01-30): IDs Reviewer Comment (2026-01-29): The same document was provided that was in file at time of review. The notice states this is not a VISA and cannot be used in place of one. Borrower is a [redacted] and a VISA is required. Buyer Comment (2026-01-28): Income |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2136900 | XXX | 36015594 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Employer to be independently verified (via LexisNexis, D&B International Business Search, Google, or other means of verification) | Reviewer Comment (2026-02-05): Employer search provided Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-02-03): The document provided is for the borrowing LLC. The condition is for the borrower's employer which is [redacted] . Employer to be independently verified (via [redacted] , or other means of verification) Buyer Comment (2026-01-30): [redacted] VERIF Buyer Comment (2026-01-30): LLC Reviewer Comment (2026-01-29): The same document was provided that was in file at time of review. The income document in question was not in the file. Please review the original condition. Employer to be independently verified (via [redacted] , or other means of verification) Buyer Comment (2026-01-28): All income docs are always in the file [redacted] has uploaded here. If you are missing anything, please look in this file that was uploaded to the loan. Buyer Comment (2026-01-28): Income |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141183 | XXX | 36015598 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-06): FTP provided |
02/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||||
| XXX | 2141183 | XXX | 36015599 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-06): FTP provided Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||||
| XXX | 2141183 | XXX | 36015601 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | 1) Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. 2) Provide the lease agreement. | Reviewer Comment (2026-02-16): Received and associated Lease Agreement for [redacted] . Exception cleared. Buyer Comment (2026-02-12): see attached Reviewer Comment (2026-02-06): Lease provided is for [redacted] Lease required is for [redacted] Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-01-23): [redacted]payment letter and CD received. Pending receipt of lease agreement for rental income used to qualify. Buyer Comment (2026-01-22): See attached |
02/16/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141183 | XXX | 36015602 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): [redacted] payment letter and CD provided Buyer Comment (2026-01-22): See attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141183 | XXX | 36015603 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): [redacted] payment letter and CD provided Buyer Comment (2026-01-22): see attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141183 | XXX | 36015604 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Final CD provided Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-01-23): Received first payment letter. Provide the CD to verify HOA dues. Buyer Comment (2026-01-22): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141183 | XXX | 36015605 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): First payment letter and CD provided Buyer Comment (2026-01-22): see attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141183 | XXX | 36015607 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2026-02-19): Evidence provided [redacted] has no property taxes as well as a search indicates HOI is offered by not required as well as property is free and clear. Buyer Comment (2026-02-12): see attached Reviewer Comment (2026-02-06): There was no documentation uploaded to support [redacted] does not have property taxes or homeowners insurance requirements. Please provide. Buyer Comment (2026-02-05): Based on research [redacted] does not require HOI and Taxes Reviewer Comment (2026-02-05): The document provided is evidence of free and clear. Evidence of taxes or HOI, if applicable are not provided on this document. Buyer Comment (2026-02-05): Attached |
02/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141183 | XXX | 36015608 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Employer to be independently verified (via LexisNexis, D&B International Business Search, Google, or other means of verification) | Reviewer Comment (2026-02-05): Employer search provided Buyer Comment (2026-02-05): Attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141183 | XXX | 36015609 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a copy of the borrower's unexpired VISA as required per guidelines. | Reviewer Comment (2026-02-06): Guidelines allow a VISA or [redacted] with valid expiration dates or [redacted] provided. Buyer Comment (2026-02-05): Guides state Visa or: Copy of the borrower's valid and unexpired visa (including photograph) OR an [redacted] form with valid extension dates and [redacted] , or Reviewer Comment (2026-02-05): Per the approval, loan was reviewed to foreign national guidelines and borrower is living and working overseas. Guidelines for [redacted] require a VISA for [redacted] Buyer Comment (2026-02-05): this is a non perm... EAD docs in the file Reviewer Comment (2026-01-23): The same documents were provided that were in file at time of review. The borrower is working and living overseas and is considered a [redacted] and qualified as such. A copy of the unexpired VISA is required for [redacted] Buyer Comment (2026-01-22): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141183 | XXX | 36015610 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate settlement statement only in file. | Reviewer Comment (2026-02-05): Final stamped settlement statement provided Buyer Comment (2026-02-05): Attached |
02/05/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141184 | XXX | 36015613 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Final CD provided Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-01-23): [redacted] payment letter provided. Provide the CD to verify no HOA dues. Buyer Comment (2026-01-22): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141184 | XXX | 36015614 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-02-06): Final CD provided Buyer Comment (2026-02-05): Attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141184 | XXX | 36015615 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): First payment letter and CD provided Buyer Comment (2026-01-22): see attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141184 | XXX | 36015616 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): First payment letter and CD provided Buyer Comment (2026-01-22): see attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141184 | XXX | 36015617 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Concurrent closing. Provide the final CD to verify new PITIA / First payment letter. | Reviewer Comment (2026-01-23): First payment letter and CD provided Buyer Comment (2026-01-22): see attached |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXX | 2141184 | XXX | 36015618 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Employer to be independently verified (via LexisNexis, D&B International Business Search, Google, or other means of verification) | Reviewer Comment (2026-02-05): Employer search provided Buyer Comment (2026-02-05): Attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141184 | XXX | 36015619 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a copy of the borrower's unexpired VISA as required per guidelines. | Reviewer Comment (2026-02-06): Guidelines allow a VISA or [redacted] with valid expiration dates or [redacted] provided. Reviewer Comment (2026-02-05): Per the approval, loan was reviewed to foreign national guidelines and borrower is living and working overseas. Guidelines for [redacted] require a VISA for [redacted]. Buyer Comment (2026-02-05): Non perm [redacted] docs in the stack Reviewer Comment (2026-01-23): The same documents were provided that were in file at time of review. The borrower is working and living overseas and is considered a [redacted] and qualified as such. A copy of the unexpired VISA is required for [redacted]. Buyer Comment (2026-01-22): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141184 | XXX | 36015621 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2026-02-19): Evidence provided [redacted] has no property taxes as well as a search indicates HOI is offered by not required as well as property is free and clear. Reviewer Comment (2026-02-17): Please provide Insurance Verification for "[redacted]". Exception remains. Buyer Comment (2026-02-13): see attached Reviewer Comment (2026-02-05): The document provided is evidence of free and clear. Evidence of taxes or HOI, if applicable are not provided on this document. Buyer Comment (2026-02-05): Attached |
02/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2138585 | XXX | 36015634 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted] , prior to [redacted] business days from transaction date of [redacted] | Disbursement date on the Final CD Is [redacted] and RTC expiration date is [redacted] . If disbursement date on the Final CD is incorrect, provide the final stamped settlement statement to support. | Reviewer Comment (2026-02-26): Final stamped settlement statement provided updating disbursement date. Rescission met. Buyer Comment (2026-02-26): see attached |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2141196 | XXX | 36015641 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-04): FTP provided |
03/04/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXX | 2141196 | XXX | 36015642 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-03-04): FTP provided Buyer Comment (2026-03-03): Attached Buyer Comment (2026-03-03): final title |
03/04/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXX | 2141196 | XXX | 36015645 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Cure nor valid COC provided | Reviewer Comment (2026-03-04): [redacted] received valid COC document Buyer Comment (2026-03-03): COC Buyer Comment (2026-03-03): Attached Buyer Comment (2026-03-03): see attached |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2132206 | XXX | 36034228 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing evidence of [redacted] months' most recent payments on subject property. File contains [redacted]"counter checks"; however, these are not certified funds, and the file contains no evidence they were cashed/cleared the borrower's account. A full [redacted]month history, reflecting checks cleared borrower's account required for review. | Reviewer Comment (2026-03-06): Counter checks, payoff and pay history. Buyer Comment (2026-03-06): payoff #[redacted] Reviewer Comment (2026-03-06): Per original pay history provided, the payments were paid as I/O in the amount of $[redacted]. The provided bank statements do not confirm monthly payments of $[redacted] paid to the lien holders. Buyer Comment (2026-03-06): [redacted] Buyer Comment (2026-03-06): loe Reviewer Comment (2026-03-05): This has been reviewed. The most recent document provided does not contain information that can be used to verify it is a valid document. It does not confirm the borrower name, lender name, account number, signatures or a property address. The payment amount does not match the amount of the counter checks originally provided for the pay history. Buyer Comment (2026-03-05): VOM - loan opened [redacted] with payment history |
03/06/2026 | 1 | A | A | A | A | A | XX | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| XXX | 2141188 | XXX | 36084137 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for property eligibility as the subject is a condotel unit with kitchenette located in [redacted]. Provide the client approved exception form. | 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]. |
SitusAMC SitusAMC |
Reviewer Comment (2026-01-09): Client elects to waive with verified compensation factors Buyer Comment (2026-01-09): see attached Reviewer Comment (2026-01-05): The exception provided is the request from the lender. [redacted] must provided the approved exception from their end. Buyer Comment (2026-01-03): see attached |
01/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Purchase | C | B | C | B | A | A | N/A | N/A | No | |||||||||||
| XXX | 2141188 | XXX | 36084139 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2026-01-05): Lender attestation on warrantable condo provided Buyer Comment (2026-01-03): see attached |
01/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | N/A | No | |||||||||||||
| XXX | 2141188 | XXX | 36084140 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The OA for the Borrowing Entity is not signed / dated. | Reviewer Comment (2026-02-10): Signed OA provided Buyer Comment (2026-02-09): see attached Reviewer Comment (2026-01-23): The same document was provided that was provided on [redacted]. Please see comments from [redacted]. The same document was provided that was in file at time of review. The OA is not signed / dated. The Unanimous Consent is a separate document. See page [redacted] of the OA that needs to be signed and dated by the owner. Buyer Comment (2026-01-22): see attached Reviewer Comment (2026-01-05): The same document was provided that was in file at time of review. The OA is not signed / dated. The Unanimous Consent is a separate document. Buyer Comment (2026-01-03): see attached |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | N/A | No | |||||||||||||
| XXX | 2141188 | XXX | 36084142 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - Condo not provided | Property is a Condo and the [redacted] does not reflect a Condo Rider attached. Provide the corrected and executed [redacted] adding in the Condo Rider, executed Condo Rider, LOE to borrower, evidence of delivery to the borrower and lender's letter of intent to re-record. | Reviewer Comment (2026-03-12): Received corrected, re-recorded and executed [redacted] to include rider, executed rider, LOE to borrower, and evidence of delivery to the borrower. Buyer Comment (2026-03-10): Attached Buyer Comment (2026-03-10): see attached |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | N/A | No | |||||||||||||
| XXX | 2141188 | XXX | 36084143 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Minimum for [redacted]. | Reviewer Comment (2026-02-10): Per client clarification, no restrictions if 1007 is used for [redacted] per guidelines. Can qualify at full amount. Reduction is only required if [redacted] report is utilized. DSCR is [redacted]using full amount. Buyer Comment (2026-02-09): That is if an [redacted]report is used. This was based off the 1007. Please look at the guides again. Reviewer Comment (2026-02-03): 1007 market rents are based off [redacted]. [redacted]. Buyer Comment (2026-01-30): UW utilized 1007 market rent $[redacted]- PITIA $[redacted]DSCR = [redacted] |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | A | A | N/A | N/A | No | |||||||||||||
| XXX | 2141189 | XXX | 36084145 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Provided the lender attesation if condo is warrantable or not. | Reviewer Comment (2026-02-10): Lender attestation provided Buyer Comment (2026-02-10): see attached |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| XXX | 2141189 | XXX | 36084146 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate only in file. | Reviewer Comment (2026-02-10): Final stamped settlement statement provided Buyer Comment (2026-02-10): see attached |
02/10/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141189 | XXX | 36084147 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Provide the updated 1003. Per LOE, borrower owns the primary residence overseas vs rents. | Reviewer Comment (2026-03-09): Corrected 1003 provided Buyer Comment (2026-03-06): see attached Reviewer Comment (2026-03-03): The same 1003 was provided that was in file at time of review. Please review the comments from [redacted]: The LOE provided is for the property on [redacted] which the employer pays for when he is traveling to the [redacted] for work. Per the LOE in file from the borrower, the borrower owns and lives in [redacted]. Provide the updated 1003 with correct primary. Buyer Comment (2026-03-02): see attached Reviewer Comment (2026-02-10): The LOE provided is for the property on [redacted] which the employer pays for when he is traveling to the [redacted] for work. Per the LOE in file from the borrower, the borrower owns and lives in [redacted].[redacted]. Provide the updated 1003 with correct primary. Buyer Comment (2026-02-10): see attached- does not belong to borrower |
03/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141189 | XXX | 36084148 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-02-10): Supplement provided Buyer Comment (2026-02-10): see attached |
02/10/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXX | 2141189 | XXX | 36084149 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | The Blanket Hazard Insurance Policy for the HOA does not reflect the mortgagee+ [redacted] | Reviewer Comment (2026-03-12): Updated blanket HOI provided Buyer Comment (2026-03-11): see attached |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141189 | XXX | 36084150 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal + CDA: Unit number is reflected vs. all other documents which do not reflect a unit number. | Reviewer Comment (2026-03-05): Updated [redacted] provided Buyer Comment (2026-03-04): see attached Reviewer Comment (2026-02-24): Received corrected appraisal. Pending receipt of corrected [redacted]. Buyer Comment (2026-02-24): see attached apprsl - will upload corrected [redacted] shortly |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| XXX | 2141193 | XXX | 36084153 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2026-03-06): [redacted] provided Buyer Comment (2026-03-05): Attached |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXX | 2141193 | XXX | 36084154 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-06): Client elects to waive with verified compensation factors Buyer Comment (2026-03-05): Attached |
03/06/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141186 | XXX | 36084156 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rent loss on policy = $[redacted] which is [redacted] months rents to qualify. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's Experience/Track Record |
DSCR > [redacted] Experienced investor owns and manages [redacted] or more properties for [redacted] months |
SitusAMC,Aggregator SitusAMC,Aggregator |
Reviewer Comment (2026-03-11): Client elect to waive with verified compensation factors Reviewer Comment (2026-03-10): The HOI provided is dated [redacted] months post close with increased coverage and not acceptable. The no claims filed is for clerical errors only. The borrower did not have sufficient rent loss at time of closing. Buyer Comment (2026-03-10): Attached |
03/11/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141186 | XXX | 36084157 | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., [redacted]) and evidence of at least [redacted] months of Operating History is not present in the loan file. | The 1025 reflects Vacant, however each unit has a lease term with rents. There is a [redacted] month lookback in file with multiple properties collecting [redacted] rent without addresses therefore it is not clear what rents belong to the subject property. If property is an STR, provide the ledger noting which rents are for the subject property. | Reviewer Comment (2026-02-26): Appraisal had the names of the units which matches ledger provided Buyer Comment (2026-02-26): Please see the appraisal report to document the name of each unit - in the photos the appraiser breaks this all down which matches the ledgers provided from each vacation rental company that was used in qualifying. Reviewer Comment (2026-02-26): The same documents were provided that were in file at time of review. Please review the original condition. There is a [redacted] month lookback in file with multiple properties collecting [redacted] rent without addresses therefore it is not clear what rents belong to the subject property. If property is an [redacted], provide the ledger noting which rents are for the subject property. Buyer Comment (2026-02-25): Property is short term rentals. Buyer Comment (2026-02-25): Booking Buyer Comment (2026-02-25): [redacted] LEDGER Buyer Comment (2026-02-25): See Ledgers for Short-term rentals |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141186 | XXX | 36084158 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | [redacted]% max LTV for [redacted]Refinance. | Reviewer Comment (2026-02-27): Per client request, requested re-review to new matrices / guidelines dated [redacted]. Condition no longer applies. Reviewer Comment (2026-02-26): The matrix this loan was reviewed to is dated [redacted] which was provided to us. The matrix reflects a cap on [redacted]. If a re-underwrite is required to new guidelines or matrices, please email management. Buyer Comment (2026-02-26): There should have been no restrictions to the LTV for [redacted]income when this loan was locked. The accurate LTV should be [redacted]%. There was a brief prior [redacted] when there was an LTV restriction but not at the time of this loan review. |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141200 | XXX | 36084165 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The ownership/rent requirement for the primary residence may be waived when the borrower lives rent free in a home owned or leased by their Spouse and/or parents. Letter of explanation for rent free is from friend/roommate. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-09): Client elects to waive with verified compensation factors Buyer Comment (2026-03-06): Exception was granted Reviewer Comment (2026-03-06): The LOE does not clear this condition. Guidelines only allow rent free with a parent or spouse. Borrower lives with a friend/roommate. Buyer Comment (2026-03-05): Attached |
03/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141200 | XXX | 36084166 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower is required to provide an adequate explanation with supporting documentation on why they live and plan to remain in their current primary residence. | Reviewer Comment (2026-03-11): LOE provided Buyer Comment (2026-03-10): Attached Reviewer Comment (2026-03-06): The LOE does not address why they live rent free or plan to remain in their current primary. Buyer Comment (2026-03-05): Attached |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141200 | XXX | 36084167 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | No cash out allowed on matured loans. The Note must have matured within [redacted] days of closing. Ext in file until [redacted]. Loan closed [redacted] | Reviewer Comment (2026-02-18): LOE from lender extending until [redacted] provided. Buyer Comment (2026-02-17): Attached |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141199 | XXX | 36084169 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The ownership/rent requirement for the primary residence may be waived when the borrower lives rent free in a home owned or leased by their Spouse and/or parents. Letter of explanation for rent free is from friend/roommate. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-25): Client elects to waive with verified compensation factors Buyer Comment (2026-02-25): Attached |
02/25/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141199 | XXX | 36084170 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower is required to provide an adequate explanation with supporting documentation on why they live and plan to remain in their current primary residence. | Reviewer Comment (2026-03-11): LOE provided Buyer Comment (2026-03-10): Attached |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141199 | XXX | 36084171 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | No cash out allowed on matured loans. The Note must have matured within [redacted] days of closing. Matured [redacted]. Ext in file until [redacted]. Loan closed [redacted]. | Reviewer Comment (2026-02-25): Extension past closing provided from lien holder. Buyer Comment (2026-02-25): See email from lender extending note until [redacted] |
02/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141201 | XXX | 36084173 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower is required to provide an adequate explanation with supporting documentation on why they live and plan to remain in their current primary residence. | Reviewer Comment (2026-03-11): LOE provided Buyer Comment (2026-03-10): Attached |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141201 | XXX | 36084174 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The ownership/rent requirement for the primary residence may be waived when the borrower lives rent free in a home owned or leased by their Spouse and/or parents. Letter of explanation for rent free is from friend/roommate. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower's Experience/Track Record |
Experienced investor owns and manages [redacted] or more properties for [redacted] months | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-24): Client elects to waive with verified compensation factors Buyer Comment (2026-02-23): see attached |
02/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141201 | XXX | 36084175 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | No cash out allowed on matured loans. The Note must have matured within [redacted] days of closing. Ext in file until [redacted]. Loan closed [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower's Experience/Track Record |
Experienced investor owns and manages [redacted] or more properties for [redacted] months | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-24): Client elects to waive with verified compensation factors Buyer Comment (2026-02-23): see attached |
02/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2141190 | XXX | 36084177 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Cash out refinances are eligible after [redacted]days from the listing cancellation date. Lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-17): Client elects to waive with verified compensation factors |
02/17/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| XXX | 2141190 | XXX | 36084178 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower must provide an adequate explanation on why the property was listed for sale as well as the borrower's intent to retain the property in the future for both rate/term and cash-out refinances. | Reviewer Comment (2026-03-10): LOE provided Buyer Comment (2026-03-10): see attached |
03/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141190 | XXX | 36084179 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title Policy: Address reflects [redacted] and city reflects [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Can we waive it down to an EV-2 B with the below comp factors. DSCR above a [redacted] and clean mortgage history. Reviewer Comment (2026-03-06): The email is not acceptable. All addresses must match. Buyer Comment (2026-03-05): Please see email from title that confirms this is the same property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| XXX | 2141190 | XXX | 36084180 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket mortgage on title encumbering multiple properties. Full balance not paid through closing. | Reviewer Comment (2026-03-02): Email from title stating title is clear otherwise they cannot record. Buyer Comment (2026-03-02): Attached |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141190 | XXX | 36084181 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate only in file. | Reviewer Comment (2026-03-02): Final stamped settlement statement provided Buyer Comment (2026-02-27): Attached |
03/02/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2141190 | XXX | 36084182 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | City reflects [redacted]vs. [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Please waive down to an EV-2 B with the below comp factors. DSCR above a [redacted] and clean mortgage history. Reviewer Comment (2026-03-06): The email is not acceptable. All addresses must match. Buyer Comment (2026-03-05): Please see email from title that confirms this is the same property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| XXX | 2141190 | XXX | 36084183 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | City reflects [redacted]vs. [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Can we waive it down to an EV-2 B with the below comp factors. DSCR above a [redacted] and clean mortgage history. Reviewer Comment (2026-03-06): The email is not acceptable. All addresses must match. Buyer Comment (2026-03-05): Please see email from title that confirms this is the same property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| XXX | 2141190 | XXX | 36084184 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal: #[redacted] is at the end of the address and city reflects [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Can we waive it down to an EV-2 B with the below comp factors. DSCR above a [redacted] and clean mortgage history. Reviewer Comment (2026-03-06): The email is not acceptable. All addresses must match. Buyer Comment (2026-03-05): Please see email from title that confirms this is the same property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| XXX | 2141190 | XXX | 36084185 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | CDA: #[redacted] and city reflects [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [redacted] | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Can we waive it down to an EV-2 B with the below comp factors. DSCR above a [redacted] and clean mortgage history. Reviewer Comment (2026-03-06): The email is not acceptable. All addresses must match. Buyer Comment (2026-03-05): Please see email from title that confirms this is the same property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| XXX | 2141191 | XXX | 36084186 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-09): FTP provided |
03/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXX | 2141191 | XXX | 36084187 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket mortgage on title encumbering multiple properties. Full balance not paid through closing. | Reviewer Comment (2026-03-09): Clear FTP provided Buyer Comment (2026-03-06): see attached |
03/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141191 | XXX | 36084188 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate only in file | Reviewer Comment (2026-02-19): Final settlement statement provided Buyer Comment (2026-02-18): see attached |
02/19/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2141191 | XXX | 36084189 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Final settlement statement provided post review reflects a reduction in cash in hand. | Reviewer Comment (2026-03-03): Final stamped SS for REO C/O proceeds provided Buyer Comment (2026-03-02): see attached Reviewer Comment (2026-02-25): Estimate settlement was provided for REO property. Provide the final stamped settlement statement. Buyer Comment (2026-02-25): borr received c/o from other loan just closed [redacted] |
03/03/2026 | 1 | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||||||
| XXX | 2141197 | XXX | 36084191 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
SitusAMC SitusAMC |
Reviewer Comment (2026-03-13): Client elects to waive with verified compensation factors Buyer Comment (2026-03-12): see attached |
03/13/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2141202 | XXX | 36084195 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[redacted]. [redacted]provided. | Reviewer Comment (2026-01-06): RCE provided Buyer Comment (2026-01-05): see attached |
01/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141202 | XXX | 36084199 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2025-12-31): Provided ROR Buyer Comment (2025-12-29): see attached |
12/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXX | 2141202 | XXX | 36084200 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Cure nor valid COC provided | Reviewer Comment (2026-01-06): [redacted] received COC dated [redacted] Buyer Comment (2026-01-06): see attached Reviewer Comment (2026-01-04): [redacted] received valid COC for the pricing changed to decrease the lender credit. However, provided COC does not provided the date of change and redisclosed send date in order to re-baseline this exception. Provide updated COC with date of change date to reevaluate this exception. Buyer Comment (2026-01-02): see attached Reviewer Comment (2025-12-30): [redacted] received COC dated [redacted] and [redacted].However, the fee reduced on CD dated [redacted]. Kindly provide a valid COC for the lender credit decreased on CD dated [redacted] or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-12-30): see attached |
01/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2141203 | XXX | 36084205 | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | [redacted] - No evidence of required counseling disclosure language per [redacted]. | Buyer Comment (2026-01-24): Ev2 |
01/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141203 | XXX | 36084206 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Buyer Comment (2026-01-24): Ev2 |
01/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141203 | XXX | 36084207 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Loan. | Buyer Comment (2026-01-24): Ev2 |
01/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141203 | XXX | 36084208 | Credit | Collateral | Missing/Incorrect | Collateral | Missing document: Lease on leasehold property is not in file | The appraisal provided reflects Fee Simple and title reflects Leasehold. Land recorded intake sheet reflects Fee Simple. If leasehold is incorrect, provide the updated title. If leasehold is correct, provide the updated appraisal, leasehold agreement and proof of ground rents to be added to DTI. It should be noted, leasehold properties are not allowed and vesting must be fee simple per guidelines. | Reviewer Comment (2026-02-06): Updated appraisal to leasehold, leasehold agreement and proof of ground rent provided. Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-01-28): We have received the leasehold agreement. Please provide the updated appraisal reflecting the leasehold, along with documentation of the ground rent so it can be included in the DTI calculation. Please note that leasehold properties are not permitted per guidelines, and vesting must be fee simple. Exception remains. Buyer Comment (2026-01-26): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2141203 | XXX | 36084209 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines, vesting must be fee simple. Property is a leasehold. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. 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 representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): see attached Reviewer Comment (2026-02-23): Client requested back. An exception will be required for leasehold property. Buyer Comment (2026-02-23): disregard Buyer Comment (2026-02-23): pls advise what is needed to clear this condition- exception was made for leasehold Reviewer Comment (2026-02-06): Updated appraisal provided post review to leasehold with leasehold and ground rent provided. |
03/10/2026 | 2 | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXX | 2141203 | XXX | 36084211 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Provide evidence the updated appraisal received post-review with a completion date of [redacted] was delivered to the borrower. Once received, condition will update to an EV2/B. | Reviewer Comment (2026-02-13): Delivery provided Buyer Comment (2026-02-12): see attached |
02/13/2026 | 1 | A | A | A | A | A | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXX | 2141203 | XXX | 36084212 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over [redacted] on Final Closing Disclosure provided on [redacted] are underdisclosed. | Ground rent provided post review as property is a leasehold. | Reviewer Comment (2026-03-09): [redacted] received PCCD and LOE Buyer Comment (2026-03-06): Attached Reviewer Comment (2026-03-05): [redacted] received PCCD dated [redacted]which has same issue date as final CD issue date. Please provide updated PCCD with correct issue to cure the exception. Buyer Comment (2026-03-03): Attached |
03/09/2026 | 2 | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXX | 2141203 | XXX | 36084213 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2026-03-09): Client elects to waive Buyer Comment (2026-03-06): the value did not change. Please downgrade and waive Reviewer Comment (2026-02-23): The acknowledgment is not acceptable as a choice was not selected as well as the updated appraisal was not obtained [redacted]days prior to closing. Updates were made post-close. Client can elect to waive condition as-is as an [redacted] Buyer Comment (2026-02-23): see attached Reviewer Comment (2026-02-13): The updated appraisal was not delivered within [redacted]business days prior to closing. Client can elect to waive as an [redacted] |
03/09/2026 | 2 | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXX | 2142461 | XXX | 36144513 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for living rent free with a fiancé (allowed only with spouse or parents). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
SitusAMC SitusAMC |
Reviewer Comment (2025-12-01): Client elects to waive with verified compensation factors |
12/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2142461 | XXX | 36144514 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Cash out refinances are eligible after [redacted]days from the listing cancellation date. The borrower must provide an adequate explanation on why the property was listed for sale as well as the borrower's intent to retain the property in the future for both rate/term and cash-out refinances. Property was listed for sale on [redacted] for $[redacted]. No evidence of cancellation or borrower LOE as to why listed for sale / intent to retain. | Reviewer Comment (2026-01-12): Evidence provided listing removed [redacted] Buyer Comment (2026-01-12): see attached Reviewer Comment (2026-01-10): The listing removed screen shot does not reflect a property address. Buyer Comment (2026-01-09): see attached Reviewer Comment (2026-01-09): The attached is not acceptable. We need the cancellation listing and date. Buyer Comment (2026-01-08): see attached Reviewer Comment (2026-01-06): LOE provided. Still pending receipt of listing cancellation. Buyer Comment (2026-01-06): see attached Reviewer Comment (2025-12-22): The same LOE's were provided that were in file at time of review. Neither LOE states why the subject property was listed for sale nor the intent to retain as well as the cancellation of the subject property listing was not provided. Buyer Comment (2025-12-18): see attached |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXX | 2142461 | XXX | 36144515 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal and CDA: Address reflects #[redacted]vs all other documents which do not. | Reviewer Comment (2026-01-21): Updated appraisal provided and another CDA was provided with the address corrected. Buyer Comment (2026-01-20): see attached apprsl pg[redacted] Reviewer Comment (2026-01-07): The corrected appraisal report completion date was not updated to reflect the changes made. Further, the corrected CDA was not provided Buyer Comment (2026-01-06): see attached Buyer Comment (2026-01-06): see attached - CDA pending change |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXX | 2142461 | XXX | 36144516 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | > [redacted] days old. | Reviewer Comment (2025-12-22): Updated COGS provided Buyer Comment (2025-12-18): see attached |
12/22/2025 | 1 | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| XXX | 2142460 | XXX | 36144518 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing Employer Identification Number (EIN). | Reviewer Comment (2026-02-04): EIN provided Buyer Comment (2026-02-03): EIN from the borrower Reviewer Comment (2026-01-06): The [redacted]provided is not for the borrowing entity. The EIN is for [redacted]. The borrowing entity is[redacted] Buyer Comment (2026-01-05): Borrower has stated his [redacted]; The [redacted] for [redacted]is[redacted] Reviewer Comment (2025-12-23): Being a DSCR loan with no income has no bearing on this condition. The [redacted]for the borrowing entity is required. Buyer Comment (2025-12-22): DSCR loans with no income. Reviewer Comment (2025-12-22): The [redacted]provided is not for the borrowing entity which is [redacted]. The additional document, page [redacted], provided is [redacted] a document and does not specify what business this is for. Buyer Comment (2025-12-18): EIN ON PAGE #[redacted] |
02/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142460 | XXX | 36144519 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final closing statement is not signed / stamped certified | Reviewer Comment (2026-01-06): Final stamped settlement statement provided Buyer Comment (2026-01-05): See attached Reviewer Comment (2025-12-23): The final settlement statement provided is not stamped certified. A stamped estimated settlement statement is not acceptable. Buyer Comment (2025-12-22): Certified Settlement Statement Buyer Comment (2025-12-22): Certified Settlement Statement |
01/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142460 | XXX | 36144522 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-12-22): Supplement provided Buyer Comment (2025-12-18): Title sup with loan amount |
12/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXX | 2142460 | XXX | 36144523 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Cash Flow Advantage - Minimum [redacted] | Reviewer Comment (2026-02-05): [redacted]provided with [redacted]rents. [redacted] Buyer Comment (2026-02-04): Uploaded on other condition Buyer Comment (2026-02-04): Please see attached. Exception approval and separate [redacted] Reviewer Comment (2026-02-04): The property is not a [redacted]unit property. The property is an [redacted]with [redacted]. As noted on[redacted], estimated rents for the [redacted]are required per guidelines in order to use income. The lower of which is to be used. If this cannot be provided, then [redacted]will need to consider granting an exception for this condition with verified comp factors. Buyer Comment (2026-02-03): Same property, [redacted]units. Each house had it's own rent. For both the DSCR is [redacted]% Reviewer Comment (2026-01-21): Estimated rents for the [redacted]are required per guidelines in order to use income. The lower of which is to be used. If this cannot be provided, then [redacted] will need to consider granting an exception for this condition with verified comp factors. Buyer Comment (2026-01-20): That is not how it is done. The actual rents are utilized by the appraiser as there are NO estimated rents. Buyer Comment (2026-01-20): [redacted], there are [redacted] and each pays rent. Reviewer Comment (2026-01-06): A field review does not clear this condition and was in file at time of review. Please review comments from [redacted] The appraiser notes that the owner indicated what the actual rents are for the property. There are no estimated rents noted for the [redacted]. The lower of is to be utilized. Appraiser must note what the estimated rents are for the subject property. Buyer Comment (2026-01-05): SEE ATTACHED Reviewer Comment (2025-12-23): The exception does not cover this issue. Please review comments on [redacted]: The appraiser notes that the owner indicated what the actual rents are for the property. There are no estimated rents noted for the [redacted]. The lower of is to be utilized. Appraiser must note what the estimated rents are for the subject property. Buyer Comment (2025-12-22): EXCEPTION FOR [redacted] Buyer Comment (2025-12-22): [redacted]shpwing the [redacted] Reviewer Comment (2025-12-22): The appraiser notes that the owner indicated what the actual rents are for the property. There are no estimated rents noted for the ADU. The lower of is to be utilized. Appraiser must note what the estimated rents are for the subject property. Buyer Comment (2025-12-18): Appraisal shows the subject has [redacted] ADUs, all rented for a total of [redacted] DSCR is[redacted] Reviewer Comment (2025-12-16): EXCEPTION HISTORY - Exception Explanation was updated on [redacted]PRIOR Exception Explanation: Calculated Debt Service Coverage Ratio (Subject DSCR) of[redacted] does not meet Guideline Debt Service Coverage Ratio [redacted] |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142460 | XXX | 36144524 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 1) Property has [redacted] ADU's from a converted garage and separate dwelling on the premises. Per guidelines, the appraisal must contain comparables with similar additional accessory units and property is typical, readily acceptable, and common in the subject's market area. The appraisal reflects [redacted]comp out of [redacted]that only has [redacted]ADU. The appraiser also notes the second ADU causes the home to lose the backyard. 2) The appraiser notes the subject property is unique and is somewhere between an apartment building and single family house. Unique properties are not allowed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
SitusAMC SitusAMC |
Reviewer Comment (2026-02-05): Client elects to waive with verified compensation factors Buyer Comment (2026-02-05): Attached Reviewer Comment (2026-02-05): [redacted]is the only [redacted]that grant exceptions. If granting an exception it must be for the entire condition for items[redacted] |
02/05/2026 | 2 | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||
| XXX | 2142463 | XXX | 36144525 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-03): FTP provided |
02/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| XXX | 2142463 | XXX | 36144526 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-03): FTP provided Buyer Comment (2026-02-02): Please see the attached Final Title Policy with the correct loan amount listed. |
02/03/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| XXX | 2142463 | XXX | 36144527 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] Vesting structure for Borrowing Entity is only allowed on a case by case basis. (Borrowing Entity is owned [redacted]% by another [redacted]). | Reviewer Comment (2026-02-10): Per client confirmation, they indicated case by case is not an exception and [redacted] will determine. Requested clearance. Buyer Comment (2026-02-08): Case by Case in our guides does not mean exception. the underwriter was able to trace the ownership through the entities. Please clear Reviewer Comment (2026-02-03): If the Borrowing [redacted]is owned by multiple entities, then this is a layered vesting structure. [redacted]will need to consider granting an exception with verified compensation factors. Buyer Comment (2026-02-03): According to the Underwriting Manager, the property is currently owned by [redacted]. Per the Operating Agreements,[redacted] is owned [redacted]% by [redacted] and [redacted]is owned [redacted]% by the borrowers [redacted]. It is layered vesting, but the ownership goes back to the borrowers. |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142463 | XXX | 36144528 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Delayed Financing: The new loan amount of $[redacted]is more than the documented initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan which is $[redacted]. | Reviewer Comment (2026-03-11): Per client email, delayed financing is only used when circumventing the cashout seasoning requirements. If [redacted]gave an exception to pull cashout prior to the [redacted] those guides are no longer relevant. Requested clearance. Reviewer Comment (2026-02-23): The same documents were provided that were in file at time of review and are the initial HUD purchase and funds utilized for purchase. Per the original condition. Delayed Financing: The new loan amount of $[redacted] is more than the documented initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan which is $[redacted] Buyer Comment (2026-02-22): see attached |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142463 | XXX | 36144529 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | EIN and Certificate of Good Standing is missing for [redacted]. | Reviewer Comment (2026-02-20): Per client confirmation, they do not require additional documents outside of the ownership % for additional entities that own the borrowing entity. Buyer Comment (2026-02-18): Review and clear Reviewer Comment (2026-02-10): Please review comments on [redacted] provided for[redacted]. Still pending receipt of [redacted]. The [redacted]provided is for [redacted] Buyer Comment (2026-02-08): See active standing on the right side of this form Reviewer Comment (2026-02-04): [redacted]provided for [redacted]. Still pending receipt of EIN for [redacted] The EIN provided is for [redacted] Buyer Comment (2026-02-03): Please see the attached [redacted]number for [redacted] Buyer Comment (2026-02-03): Please see the attached Filing Information showing good standing |
02/20/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142463 | XXX | 36144530 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Issue: Refinance seasoning requirements not met | < [redacted] months ownership on C/O as well as the lower of the purchase price + doc improvements is to be utilized to qualify. Documented improvements not provided. Purchase price $[redacted]. The lender utilized the higher appraised value to qualify. | Borrower's monthly reserves have been verified and 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. |
SitusAMC SitusAMC |
Reviewer Comment (2026-03-10): Client elects to waive with verified compensation factors Buyer Comment (2026-03-10): Please see the attached exception for the cashout seasoning and the appraised value being used on a home purchased [redacted] Reviewer Comment (2026-02-23): The same documents were provided that were in file at time of review and are the initial HUD purchase and funds utilized for purchase. Per the original condition, Delayed financing: The lower of the purchase price + doc improvements is to be utilized to qualify. Documented improvements not provided. Purchase price $[redacted]. The lender utilized the higher appraised value to qualify. Buyer Comment (2026-02-22): see attached |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||
| XXX | 2142463 | XXX | 36144531 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Provide the Guarantor Agreement for [redacted]. One in file is not executed. | Reviewer Comment (2026-02-10): [redacted]provided Buyer Comment (2026-02-09): Please see the attached Guarantor Agreement Buyer Comment (2026-02-08): attached |
02/10/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142463 | XXX | 36144532 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed | Final Title provided post review. Vesting reflects individuals yet per DOT, loan was to close in an [redacted]. Provide the corrected title policy along with confirmation from title on update. | Reviewer Comment (2026-03-09): Email form title regarding policy is correct provided Buyer Comment (2026-03-06): Please see the attached email from Title that the [redacted]was the only [redacted] in file. Please clear. Reviewer Comment (2026-02-27): The incorrect and correct [redacted]are dated and time stamped the same. Provide evidence of which was provided last (i.e email from title with updates). Buyer Comment (2026-02-27): Please see the attached recorded Mortgage with both Riders attached Buyer Comment (2026-02-27): Please see the attached Final Title Policy [redacted] under [redacted] Reviewer Comment (2026-02-10): The same Final Title was provided that was provided on [redacted]. Please review original condition. Final Title provided post review. Vesting reflects individuals yet per DOT, loan was to close in an [redacted]. Provide the corrected title policy along with confirmation from title on update. Buyer Comment (2026-02-09): Please see attached |
03/09/2026 | 1 | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||||||
| XXX | 2142462 | XXX | 36144534 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Cert of Good Standing in file for the Borrowing Entity is [redacted] old. | Reviewer Comment (2026-03-13): COGS provided. Buyer Comment (2026-03-13): see attached |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142462 | XXX | 36144535 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Layered vesting will be reviewed on a case-by-case basis. Borrowing Entity is owned by [redacted] | Reviewer Comment (2026-03-13): Per [redacted] confirmation, this is not considered an exception and they will determine. Buyer Comment (2026-03-13): This is not an exception- [redacted] allowed |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142462 | XXX | 36144536 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Provide the Cert of Good Standing dated within [redacted]days for [redacted] and [redacted] | Reviewer Comment (2026-03-13): COGS provided Buyer Comment (2026-03-13): see attached |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142462 | XXX | 36144537 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Provide the EIN for [redacted] and [redacted] | Reviewer Comment (2026-03-23): Per client communication, on layered Entity, additional Entity documents for the owning Entities are not required outside of [redacted] owned. |
03/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142462 | XXX | 36144538 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Provide the Articles of Org/Formation for [redacted] | Reviewer Comment (2026-03-23): Per client communication, on layered Entity, additional Entity documents for the owning Entities are not required outside of [redacted] owned. Reviewer Comment (2026-03-13): Articles provided for [redacted]. Pending Articles for [redacted] Buyer Comment (2026-03-13): see attached |
03/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142462 | XXX | 36144539 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the Unanimous Consent for [redacted] and the Borrowing Entity. | Reviewer Comment (2026-03-23): Per client communication, on layered Entity, additional Entity documents for the owning Entities are not required outside of % owned. [redacted]for Entity states managed exclusively by members of [redacted] in file for [redacted] |
03/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142454 | XXX | 36144541 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec [redacted] | Reviewer Comment (2026-02-27): Desk review provided Buyer Comment (2026-02-26): Desk review attached |
02/27/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||||||
| XXX | 2142454 | XXX | 36144542 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-02): FTP provided |
03/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||||||
| XXX | 2142454 | XXX | 36144543 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the updated [redacted]. Loan is a [redacted] Borrower is receiving [redacted]cash in hand. | Reviewer Comment (2026-02-27): Updated [redacted] provided Buyer Comment (2026-02-26): Attached |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| XXX | 2142454 | XXX | 36144544 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] Funding exposure may not exceed $[redacted] aggregate. Lender exception in file. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. Borrower's Experience/Track Record |
Experienced investor owns and manages [redacted] or more properties for [redacted] months | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-02-24): Client elects to waive with verified compensation factors |
02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||
| XXX | 2142454 | XXX | 36144545 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | No C/O on matured loans. The Note must have matured within [redacted]days of closing. Extension provided until [redacted] Loan closed [redacted] | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. Borrower's Experience/Track Record |
Experienced investor owns and manages [redacted] or more properties for [redacted] months | SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2026-03-03): Client elects to waive with verified compensation factors |
03/03/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||
| XXX | 2142454 | XXX | 36144546 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the [redacted] title policy. Blanket lien on title not fully paid through closing. | Reviewer Comment (2026-03-02): Clear FTP provided Buyer Comment (2026-02-27): Attached |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| XXX | 2142454 | XXX | 36144547 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prior to being deeded to Borrowing LLC on [redacted], title was vested in [redacted]. Provide evidence of Guarantor ownership in this [redacted]as borrower has owned property [redacted] on a C/O transaction. | Reviewer Comment (2026-03-16): Evidence of ownership in [redacted]provided Buyer Comment (2026-03-13): Attached |
03/16/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| XXX | 2142454 | XXX | 36144548 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | A breakdown of the coverage and premium for the subject property was not provided on the blanket policy provided. The lender utilized a premium of $[redacted]/year and policy in file reflects $[redacted]. | Reviewer Comment (2026-03-17): Per client comments, accepting policy as-is without a breakdown of coverage for the subject property or breakdown of the premium assuming the subject property has sufficient dwelling coverage and premium collected. Requested clearance. Buyer Comment (2026-03-16): Confirmed Reviewer Comment (2026-03-16): Client to confirm they are accepting the policy as is without a breakdown of coverage for the subject property or a breakdown of the premium and assuming the subject property has sufficient coverage. Once client confirms they are accepting, condition can be cleared. Buyer Comment (2026-03-13): The provider stated they could not provide a breakdown of the individual properties which is why we performed a calculation to come up with the coverage. Please see the HOI emails in the file. |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| XXX | 2142455 | XXX | 36144550 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-03): FTP provided |
03/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXX | 2142455 | XXX | 36144551 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | A breakdown of the coverage and premium for the subject property was not provided on the blanket policy provided. The lender utilized a premium of $[redacted] and policy in file reflects [redacted] | Reviewer Comment (2026-03-17): Per client comments, accepting the policy as is without a breakdown of coverage for the subject property or breakdown of the premium assuming the subject property has sufficient dwelling coverage and accurate premium collected. Buyer Comment (2026-03-16): Confirmed Reviewer Comment (2026-03-16): Client to confirm they are accepting the policy as is without a breakdown of coverage for the subject property or a breakdown of the premium and assuming the subject property has sufficient coverage. Once client confirms they are accepting, condition can be cleared. Buyer Comment (2026-03-13): The provider stated they could not give a breakdown of the individual properties which is why we performed a calculation to come up with the coverage. Please see the HOI emails in the file. Reviewer Comment (2026-03-09): The same HOI policy was provided that was in file at time of review. Please review original condition comments. A breakdown of the coverage and premium for the subject property was not provided on the blanket policy provided. The lender utilized a premium o[redacted] and policy in file reflects [redacted] Buyer Comment (2026-03-06): HOI - ALL PROPERTIES Buyer Comment (2026-03-06): HOI |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142455 | XXX | 36144552 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the updated [redacted]. Loan is a [redacted]refinance vs.[redacted] Borrower is receiving [redacted] | Reviewer Comment (2026-03-03): Updated 1003/1008 provided Buyer Comment (2026-02-27): 1008/1003 updated as cash out Buyer Comment (2026-02-27): [redacted] updated as cash out |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142455 | XXX | 36144553 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] Funding exposure may not exceed[redacted] aggregate. Lender exception in file. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. |
SitusAMC SitusAMC |
Reviewer Comment (2026-02-24): Client elects to waive with verified compensation factors |
02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2142455 | XXX | 36144554 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | No C/O on matured loans. The Note must have matured within [redacted]days of closing. Extension provided until [redacted] | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. |
SitusAMC SitusAMC |
Reviewer Comment (2026-03-03): Client elects to waive with verified compensation factors |
03/03/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2142455 | XXX | 36144555 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket lien on title not fully paid through closing. | Reviewer Comment (2026-03-03): Clear FTP provided Buyer Comment (2026-02-27): Attached |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142455 | XXX | 36144556 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prior to being deeded to Borrowing [redacted], title was vested in [redacted]. Provide evidence of Guarantor ownership in this[redacted] as borrower has owned property[redacted] on a C/O transaction. | Reviewer Comment (2026-03-09): Evidence of Guarantor ownership provided Buyer Comment (2026-03-06): [redacted] Buyer Comment (2026-03-06): [redacted] Heights Docs |
03/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2142458 | XXX | 36144559 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the Unanimous Consent. The OA does not give binding authority without unanimous consent. | Reviewer Comment (2026-03-18): UC provided Buyer Comment (2026-03-17): Attached Reviewer Comment (2026-03-05): The same document was provided that was in file at time of review. Please review the original condition. Provide the Unanimous Consent. The OA does not give binding authority without unanimous consent. Buyer Comment (2026-03-04): LLC Operating Agreement |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142456 | XXX | 36144561 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | HOI and RCE: Address reflects Apt [redacted] vs. all other documents which do not. | Reviewer Comment (2026-03-18): Updated RCE provided Buyer Comment (2026-03-18): see attached Reviewer Comment (2026-03-18): Received corrected HOI. Pending receipt of corrected RCE. Buyer Comment (2026-03-17): Attached |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2142459 | XXX | 36144562 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2026-03-12): Final settlement statement provided Buyer Comment (2026-03-12): Please see the attached Final HUD |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXX | 2142452 | XXX | 36144572 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. $[redacted]over legal limit. Insufficient or no cure was provided to the borrower. | A valid change of circumstance was not provided for fee change, and no evidence of tolerance of cure was in the file. | Reviewer Comment (2026-02-03): [redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2026-02-02): see attached |
02/03/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2142452 | XXX | 36144573 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide the previous housing history for [redacted]for property on [redacted]. [redacted]reflects rented. | Reviewer Comment (2026-03-18): Corrected 1003 provided for [redacted]. Client indicated no previous housing history is required for [redacted] as they are using the restrictions under the No Housing or < [redacted] months housing in the guidelines. Requested clearance. Reviewer Comment (2026-03-12): Corrected 1003 provided for [redacted]. Still pending corrected 1003 for [redacted] and housing history for the property on [redacted]. Reviewer Comment (2026-03-12): The 1003 does not reflect owned, rent, or no housing history checked for the previous residence for [redacted]. Further, there was no documentation provided for [redacted]. See my previous comments. Even if properties are one in the same, the 1003's need to be updated for both borrowers along with previous housing history for [redacted]. [redacted] LOE states he was living in a mobile home on the subject property until completed and per the attestation provided, [redacted] was living at [redacted]. Reviewer Comment (2026-03-09): If the final 1003 is incorrect for the previous address, it will need to be updated and initialed by the borrower or the 1003 updated and the borrower to provide an LOE on the address for [redacted] stating they never lived there as their primary. Also, please provided the property profile report for the property on [redacted] to confirm the borrower does now own this property. Buyer Comment (2026-02-20): HOLDER ADDRES LOE Buyer Comment (2026-02-20): Housing LOE Reviewer Comment (2026-02-12): The divorce decree referenced a property on [redacted] for [redacted] which corresponds with the deed. The LOE is in reference to a property on [redacted] [redacted]. The 1003 reflects the borrower's previous address as on [redacted] for [redacted] which is not addressed. Buyer Comment (2026-02-10): the LOE is what we used. He lived in a motorhome until the property was constructed Reviewer Comment (2026-02-10): Received Divorce decree is not sufficient. Please provide [redacted] months previous housing history listed in final 1003 for Borrower ([redacted]) "[redacted] or rent-free letter is required. Exception remains Buyer Comment (2026-02-06): We cleared that condition using the attached Reviewer Comment (2026-02-06): Based on Guidelines [redacted] months primary housing history required. Please provide previous housing history listed in final 1003 for Borrower ([redacted]) "[redacted]. Exception remains Buyer Comment (2026-02-04): chain of title Buyer Comment (2026-02-04): Quitclaims Buyer Comment (2026-02-04): Per the copy of a quitclaim deed, it shows this address is a [redacted] address. Please see the uploaded on PAGE [redacted]. It states the post office address is [redacted] |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2142452 | XXX | 36144574 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Gap Credit Report not provided for [redacted]. A gap credit report is required within [redacted]days of closing. | Reviewer Comment (2026-01-27): Received and associated GAP Credit Report for [redacted]. Exception Cleared Buyer Comment (2026-01-26): see attached |
01/27/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2142452 | XXX | 36144575 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The lender did not include the [redacted]loss into the ratios. [redacted]is only [redacted]so losses need to also be considered. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. 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]%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-09): Client elects to waive with verified compensation factors Buyer Comment (2026-03-06): Should clear with the exception uploaded |
03/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXX | 2142452 | XXX | 36144576 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Due to excessive DTI | Reviewer Comment (2026-03-09): Loan is NonQM Buyer Comment (2026-03-06): Should clear with the exception uploaded |
03/09/2026 | 1 | B | A | C | A | B | A | C | A | B | A | XX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2142452 | XXX | 36144577 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. | Due to excessive DTI | Reviewer Comment (2026-03-09): Loan designation updated. Condition no longer applies. Buyer Comment (2026-03-06): Should clear with the exception uploaded |
03/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2142452 | XXX | 36144578 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the [redacted]Guidelines and [redacted] significantly exceeds the guideline maximum of[redacted] (DTI Exception requires compelling compensating factors to consider regrading to[redacted].) | The lender did not include the SE loss into the ratios. [redacted]is only [redacted]so losses need to also be considered. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. 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]%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-09): Client elects to waive with verified compensation factors Buyer Comment (2026-03-06): Attached |
03/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXX | 2142452 | XXX | 36144579 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. $[redacted]over legal limit. Insufficient or no cure was provided to the borrower. | Cure nor valid COC provided | Reviewer Comment (2026-02-05): [redacted] received a valid COC. Buyer Comment (2026-02-05): see attached Reviewer Comment (2026-02-05): [redacted] received COC dated [redacted] for exception provided for [redacted] property but as per file we do not have any evidence of change in property type or lender exception provided. Please provide exception letter or rate lock comparison to verify the change or cure would be required. Buyer Comment (2026-02-04): see attached Reviewer Comment (2026-02-04): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information about which exception pricing change. In order to determine if the changed circumstance is valid more information is necessary on pricing change or supporting document to verify what exception was applied that hit pricing. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check. Buyer Comment (2026-02-03): see attached Reviewer Comment (2026-01-28): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the points increased to [redacted]%. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check. Buyer Comment (2026-01-27): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2142452 | XXX | 36144580 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unique property with no like comparables. Lender exception in file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. 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]%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-09): Client elect to waive with verified compensation factors |
03/09/2026 | 2 | B | B | B | B | B | XX | Primary | Refinance - Cash-out - Other | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXX | 2142453 | XXX | 36144582 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide evidence of free and clear and evidence of insurance. | Reviewer Comment (2026-03-17): HOI provided. Per client, the policy provided is a blanket and covers this property. Requested clearance. Reviewer Comment (2026-03-17): Note reads [redacted] payments at that amount. Note is a [redacted] year Note so that payment is annual payment. Monthly is approx $[redacted]/month. Pending receipt of HOI.[redacted]shows a property located at the address. Reviewer Comment (2026-02-19): We received the same documents that were already included in the file. Please provide evidence of 'free and clear' status and evidence of insurance showing the property address [redacted]. Exception Remains. Buyer Comment (2026-02-17): Properties LOE Buyer Comment (2026-02-17): Vacant Land Buyer Comment (2026-02-17): HOA LOE |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2142453 | XXX | 36144583 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance verification is missing for this property. | Reviewer Comment (2026-03-09): HOI provided. Per client email, property address was reflected incorrectly and a typo on the borrower's LOE and 1003. A lookup of [redacted] reflects it is an [redacted]. Updated 1003 provided updating address to [redacted] which matches the HOI. HOI reflects this is a commercial property office building, therefore HOI does not need to be included in ratios. Reviewer Comment (2026-03-09): The updated 1003 will need to be provided to update the address and the property profile report that reflects [redacted] does not exist, as that is what the borrower noted on his LOE. Once received, please upload the documents to the file and queue the condition for clearing. Reviewer Comment (2026-02-19): Received pay history is showing property is commercial real estate. Please provide Insurance Verification for[redacted]. Exception Remains. Buyer Comment (2026-02-17): Vacant Land Buyer Comment (2026-02-17): [redacted] DT VOM |
03/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2142453 | XXX | 36144585 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided) | [redacted] Home Loan ([redacted]): Loan file does not contain a Tangible Net Benefit Disclosure (or similar document). | Loan file does not contain a Tangible Net Benefit Disclosure. | Buyer Comment (2026-02-02): Ev2 |
02/02/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2142453 | XXX | 36144586 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Valid change of circumstance not provided. | Reviewer Comment (2026-02-02): [redacted] received a valid COC. Buyer Comment (2026-02-02): see attached |
02/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2142453 | XXX | 36144588 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. $[redacted]over legal limit. Insufficient or no cure was provided to the borrower. | Valid change of circumstance not provided. | Reviewer Comment (2026-02-04): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2026-02-04): Attached Reviewer Comment (2026-02-04): [redacted] received Post CD,LOX,Copy of refund check and proof of mailing. [redacted] tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Buyer Comment (2026-02-03): see attached Buyer Comment (2026-02-03): see attached- will upload ck once receive |
02/04/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2142457 | XXX | 36144611 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. | COC is not valid. Locking the rate does not increase transfer taxes. | Reviewer Comment (2026-03-20): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-03-18): see attached |
03/20/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2144623 | XXX | 36195699 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide a copy of the hazard insurance as well as currency converter for PIT payment on statement. Will also require for HOI once obtained, if applicable. ([redacted] home). | Reviewer Comment (2026-03-10): Historical rates provided via [redacted] Buyer Comment (2026-03-10): see attached Reviewer Comment (2026-02-24): Hazard insurance has been provided; however, it is required as a currency converter for the PIT payment shown on the statement. It will also be necessary for the Homeowners Insurance (HOI), if applicable to the [redacted] property. Exception Remains. Buyer Comment (2026-02-20): Attached |
03/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2144623 | XXX | 36195703 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The Final CD did not reflect the reason an escrow account was not established on page [redacted]. | Reviewer Comment (2026-02-20): [redacted] received corrected PCCD and LOE Buyer Comment (2026-02-19): Attached |
02/20/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2144623 | XXX | 36195704 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | Cure nor valid COC provided | Reviewer Comment (2026-02-23): [redacted] received valid changed circumstance Reviewer Comment (2026-02-20): [redacted] received rebuttal, however there is no COC document for rate lock available in file. Please provide COC document to re-evaluate the exception. Buyer Comment (2026-02-19): The lender credit listed on the LE was at the time the file was not locked. Once locked no credit was available for the selected rate. This is not a valid condition. |
02/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2144623 | XXX | 36195705 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. $[redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Cure nor valid COC provided | Reviewer Comment (2026-03-12): [redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2026-03-11): Attached Reviewer Comment (2026-02-23): Missing copy of cure refund check and proof of maililng |
03/12/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2144623 | XXX | 36195707 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide the lender attesation verifying if condo is warrantable or non-warrantable. Non-Warrantable condo capped at [redacted]% LTV and loan closed at [redacted]% LTV. | Reviewer Comment (2026-02-19): Lender attestation provided that condo is warrantable Buyer Comment (2026-02-17): see attached |
02/19/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2144627 | XXX | 36195709 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Due to excessive DTI | Reviewer Comment (2026-03-24): Loan designation updated to Non-QM. Condition no longer applies. Reviewer Comment (2026-03-24): The 1008 does not clear this. The audit DTI is [redacted]%. The exception form provided by [redacted] only grants an exception up to [redacted]%. Per comments on[redacted] and [redacted], a gap report was provided with dated prior to closing with increased liabilities. The [redacted] account document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA of [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] card after the payoff. Reviewer Comment (2026-03-24): The exception states it is for a DTI up to [redacted]%. DIT is [redacted]%$. Provide the updated exception form. Buyer Comment (2026-03-23): Attached Reviewer Comment (2026-03-18): All exceptions must come from [redacted] Buyer Comment (2026-03-18): Investor approved the exception for higher DTI Reviewer Comment (2026-03-10): The document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] after the payoff. Buyer Comment (2026-03-10): Provided proof the [redacted] acct had a -[redacted]- balance -payment is showing on the LAS report. Reviewer Comment (2026-03-09): The same gap report was provided that was in file at time of review. Please review the original condition. DTI increased due to gap report dated prior to closing reflected increased debt payments. Buyer Comment (2026-03-09): see attached |
03/24/2026 | 1 | B | A | C | A | B | A | C | A | B | A | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2144627 | XXX | 36195711 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the [redacted]Guidelines and [redacted](c)([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | DTI increased due to gap report dated prior to closing reflected increased debt payments. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-24): Client elects to waive with verified compensation factors Reviewer Comment (2026-03-24): The 1008 does not clear this. The audit DTI is [redacted]%. The exception form provided by [redacted] only grants an exception up to [redacted]%. Per comments on [redacted] and [redacted], a gap report was provided with dated prior to closing with increased liabilities. The [redacted] account document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA of [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] card after the payoff. Buyer Comment (2026-03-24): See 1008 attached with our DTI Reviewer Comment (2026-03-24): The exception states it is for a DTI up to [redacted]%. DIT is [redacted]%$. Provide the updated exception form. Reviewer Comment (2026-03-18): All exceptions must come from [redacted] Reviewer Comment (2026-03-10): The document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] after the payoff. Buyer Comment (2026-03-10): Provided proof [redacted] acct had -[redacted]- balance Reviewer Comment (2026-03-09): The same gap report was provided that was in file at time of review. Please review the original condition. DTI increased due to gap report dated prior to closing reflected increased debt payments. Buyer Comment (2026-03-09): see attached |
03/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXX | 2144627 | XXX | 36195713 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | DTI increased due to gap report dated prior to closing reflected increased debt payments. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-24): Client elects to waive with verified compensation factors Reviewer Comment (2026-03-24): The 1008 does not clear this. The audit DTI is [redacted]%. The exception form provided by [redacted] only grants an exception up to [redacted]%. Per comments on [redacted] and [redacted], a gap report was provided with dated prior to closing with increased liabilities. The [redacted] account document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA of [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] card after the payoff. Reviewer Comment (2026-03-24): The exception states it is for a DTI up to [redacted]%. DIT is [redacted]%$. Provide the updated exception form. Reviewer Comment (2026-03-18): All exceptions must come from [redacted] Reviewer Comment (2026-03-10): The document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA [redacted] that reflects $[redacted] balance. The gap report is dated[redacted]. The borrower charged the [redacted] after the payoff. Buyer Comment (2026-03-10): [redacted]-[redacted]- balance Reviewer Comment (2026-03-09): The same gap report was provided that was in file at time of review. Please review the original condition. DTI increased due to gap report dated prior to closing reflected increased debt payments. Buyer Comment (2026-03-09): see attached |
03/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXX | 2144627 | XXX | 36195714 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Due to excessive DTI | Reviewer Comment (2026-03-24): Loan designation updated to Non-QM. Condition no longer applies. Reviewer Comment (2026-03-24): The 1008 does not clear this. The audit DTI is [redacted]%. The exception form provided by [redacted] only grants an exception up to [redacted]%. Per comments on [redacted] and [redacted], a gap report was provided with dated prior to closing with increased liabilities. The [redacted] account document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA of [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted]card after the payoff. Reviewer Comment (2026-03-24): The exception states it is for a DTI up to [redacted]%. DIT is [redacted]%$. Provide the updated exception form. Reviewer Comment (2026-03-18): All exceptions must come from [redacted] Reviewer Comment (2026-03-10): The document provided is dated [redacted] which coincides with the credit report reflecting $[redacted] balance on [redacted] with DLA [redacted] that reflects $[redacted] balance. The gap report is dated [redacted]. The borrower charged the [redacted] after the payoff. Buyer Comment (2026-03-10): [redacted]-[redacted]- bal Reviewer Comment (2026-03-09): The same gap report was provided that was in file at time of review. Please review the original condition. DTI increased due to gap report dated prior to closing reflected increased debt payments. Buyer Comment (2026-03-09): see attached |
03/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2144626 | XXX | 36195717 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Final 1003, dec page, Section [redacted], Question B was not answered regarding Purchase Transaction: Do you have a family relationship or business affiliation wit the seller of the property? | Reviewer Comment (2026-03-25): Corrected 1003 provided for [redacted] Buyer Comment (2026-03-24): Attahced Reviewer Comment (2026-03-23): Being a married couple has no bearing on this. The original condition did not state it was only for [redacted]. Both [redacted] and [redacted] final 1003 did not have this question answered. Completed 1003 only provided for [redacted]. Must be provided for [redacted]. Buyer Comment (2026-03-19): Married couple, [redacted] was completed. Per the 1003 uploaded here in your system , it was [redacted] that was not x'd out. That has been verified twice now. SIgn off, [redacted] completed the doc.and I uploaded. Reviewer Comment (2026-03-17): The 1003 provided is for [redacted]. Need corrected 1003 for [redacted]. Further, provide an attesation this was updated by the borrower or lender confirmed with borrower answer's to questions to complete. Buyer Comment (2026-03-16): Revised 1003 Buyer Comment (2026-03-16): See attached |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2144625 | XXX | 36195721 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | CPA letter for business income reflect [redacted] and [redacted] and assets reflect [redacted], however all documents in file reflect [redacted]. [redacted]nor [redacted] is not listed on the same name affidavit as an AKA. | Reviewer Comment (2026-03-23): Updated signed and dated same name affidavit provided with borrower verifying AKA's. Buyer Comment (2026-03-20): Please see the attached Signature Affidavit |
03/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2144624 | XXX | 36195745 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | VOR provided from private landlord for borrower's current primary. [redacted] months of canceled checks/bank statements required to support borrower payments. | 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. |
SitusAMC SitusAMC |
Reviewer Comment (2026-03-26): Clien elects to waive with verifed compensation factors Buyer Comment (2026-03-26): Please see the attached exception form for the cash payments that are made for rent at [redacted]. Reviewer Comment (2026-03-26): Email to client: This is for the borrower's current primary on [redacted]. I do see the VOR and cert, however if the borrower paid in cash to a private landlord, then the [redacted] cancelled check/pay history to a private party per guidelines will not be able to be met and an exception would be warranted. |
03/26/2026 | 2 | C | B | C | B | C | B | C | B | D | B | XX | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||
| XXX | 2144624 | XXX | 36195746 | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | - | First time homebuyers only allowed on primary and secondary homes. | 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. |
SitusAMC SitusAMC |
Reviewer Comment (2026-03-19): Client elects to waive with verified compensation factors Buyer Comment (2026-03-19): Please see the attached exception form |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| XXX | 2144624 | XXX | 36195747 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | City does not match | Reviewer Comment (2026-03-19): Updated flood cert provided Buyer Comment (2026-03-19): Please see the attached flood cert |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2144629 | XXX | 36195972 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | This file was missing the copy of co-borrower's Initial 1003. | Reviewer Comment (2026-03-26): Signed initial 1003 provided Buyer Comment (2026-03-26): see attached Reviewer Comment (2026-03-17): The same documents previously available in the file were received again. The Initial 1003 remains unsigned by the Co-borrower and LO. Please provide the signed Initial 1003 for Co- borrower ([redacted]). The exception remains. Buyer Comment (2026-03-17): see attached Reviewer Comment (2026-03-17): Cleared in error. The same 1003 was provided that was in file at time of review. The 1003 provided is the final for the co-borrower vs. initial. Reviewer Comment (2026-03-17): Initial 1003 provided Buyer Comment (2026-03-16): see attached Reviewer Comment (2026-03-13): The initial 1003 is not signed by the LO. Buyer Comment (2026-03-12): see attached initially individual 1003, then joint |
03/26/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2144629 | XXX | 36195973 | Compliance | Compliance | State Compliance | State Defect | [redacted] [redacted] Prepayment Penalty Test [redacted] Investment Test | [redacted] [redacted] : Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-03-13): Investment business purpose loan and Lender elected to extend closed end credit under [redacted] [redacted], Subtitle [redacted] (indicated on the Note). There is no PPP limitation under [redacted] Credit Grantor ("[redacted]" - [redacted] [redacted], Subtitle [redacted]). The exception has been cleared. Buyer Comment (2026-03-12): see attached |
03/13/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2144629 | XXX | 36195974 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide lender attesation if condo is warrantable or not. Max LTV for [redacted] is [redacted]% LTV. | Reviewer Comment (2026-03-12): Lender attestation provided verifying [redacted] Buyer Comment (2026-03-12): see attached |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2144629 | XXX | 36195975 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The dec page on the final 1003 for the co-borrower is blank. | Reviewer Comment (2026-03-13): Completed initialed 1003 provided Buyer Comment (2026-03-12): see attached |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | N/A | No | |||||||||||
| XXX | 2144629 | XXX | 36195976 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender attestation provided post review verifying condo is non-warrantable. Max [redacted]% per matrix. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [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]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-13): Client elects to waive with verified compensation factors Buyer Comment (2026-03-12): see attached |
03/13/2026 | 2 | B | B | B | B | B | XX | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | N/A | No | |||||||||||||
| XXX | 2145933 | XXX | 36283709 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for business entity. | Reviewer Comment (2025-11-30): OFAC received Buyer Comment (2025-11-25): Please find clear OFAC for Borr's [redacted] . attached. Thank you. |
11/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145933 | XXX | 36283710 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approve exception request for square footage in unit [redacted] is below [redacted]([redacted]). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-24): Waived with compensating factors per lender exception approval at origination. |
11/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2145931 | XXX | 36283713 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to allow SFR with [redacted] ADU's | Borrower's monthly reserves have been verified and 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. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator Pre-Close,SitusAMC |
Reviewer Comment (2026-03-12): Lender exception to allow SFR with [redacted] ADU's |
03/12/2026 | 2 | B | B | B | B | B | XX | Investment | Refinance - Rate/Term | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| XXX | 2139102 | XXX | 36283717 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Per matrix, foreign national utilizing foreign credit is limited to minimum [redacted]DSCR for [redacted]% LTV. Subject DSCR is .[redacted], which does not meet the guideline requirement. | Reviewer Comment (2026-01-16): Income analysis. Buyer Comment (2026-01-14): Rent/DSCR methodology: Long Term rent was originally used by the appraiser via 1007. Broker initially intended this transaction to be a short-term rental and had to order a separate STR report. Short term rental estimate as of [redacted] was [redacted]/month with potential gross income estimated to be [redacted]. Underwriter used [redacted]*[redacted]-[redacted]/[redacted]=[redacted]; Ratio [redacted]. I have attached the above referenced Short Term Rental Survey to support DSCR of [redacted]. |
01/16/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2139102 | XXX | 36283718 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2026-01-15): Received Certificate of Non-Owner Occupancy with address. Exception cleared. Buyer Comment (2026-01-13): Please see form attached with Borrowers [redacted] mailing address. Thank you. |
01/15/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXX | 2145930 | XXX | 36283721 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Provide OFAC for the borrowing Trust. | Reviewer Comment (2026-03-13): Received OFAC document for the borrowing Trust. Verified and updated details. Exception Cleared. Buyer Comment (2026-03-11): ofac |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145930 | XXX | 36283722 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Property is zoned [redacted]/Agricultural which is an ineligible per guidelines. | Borrower's monthly reserves have been verified and 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. |
Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-13): Waived with compensating factors per lender exception approval. Buyer Comment (2026-03-11): exception |
03/13/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| XXX | 2145930 | XXX | 36283723 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide the final Closing Statement fully executed by the all parties or stamped true and certified. Copy provided is not signed by all parties. | Reviewer Comment (2026-03-13): Received the final HUD-1 fully executed by the all parties and stamped true and certified. Verified and updated details. Exception Cleared. Buyer Comment (2026-03-11): Final SS |
03/13/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| XXX | 2132458 | XXX | 36283729 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2026-01-30): Non-Owner Occupancy Certificate received. Exception cleared. Buyer Comment (2026-01-28): Non-Owner |
01/30/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXX | 2139093 | XXX | 36283734 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Certificate of Non-Owner Occupied disclosure does not show the borrower's principle address. | Reviewer Comment (2026-03-11): Received Occupancy Certificate. Exception Cleared. Buyer Comment (2026-03-09): Non-Owner |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2139089 | XXX | 36283741 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | The Non-Owner Occupancy Declaration is incomplete as Section [redacted] is missing the principal residence address. | Reviewer Comment (2026-02-19): NOO certificate, reflecting borrower primary address, and executed received in trailing docs. Buyer Comment (2026-02-18): [redacted] PLEASE note you already have page #[redacted]that reflects the signature please refer to [redacted] in your system. Also shows as page #[redacted]. Reviewer Comment (2026-02-11): Provided document is Business Purpose Certificate, however we require Executed copy of Non-Owner Occupancy Declaration with Section [redacted]is reflecting the principal residence address. Exception Remains. Buyer Comment (2026-02-09): See form attached. Thank you. Reviewer Comment (2026-02-05): Received Non-Owner Occupancy Declaration with Section [redacted] is reflecting the principal residence address. However, Signature page is missing in the file. Exception remains. Buyer Comment (2026-02-03): See attached section [redacted] completed with correct Borrowers primary address. Thank you. |
02/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2139089 | XXX | 36283742 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Loan approved as an investment property, however, the address on borrower's driver's license is the same as the subject property address. Please provide a letter of explanation regarding the reason for the same address. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2026-02-25): Waived with compensating factors per lender comment. Buyer Comment (2026-02-23): Please waive based on the following compensating factors: Borrowers fico is [redacted] points over the minimum required for this program/product. Borrowers ltv is only [redacted] ltv. Borrower has reserves of over [redacted]. Borrowers dscr ratio is over [redacted]. Thanks so much [redacted]. Reviewer Comment (2026-02-19): The LOX received from borrower does not address the discrepancy in his ID address reflecting the subject property and not the primary residence. Prior comments indicate this was not obtained; please confirm if you are requesting to waive. Buyer Comment (2026-02-18): Please see form attached already provided as your document ID number #[redacted]. page #[redacted] in your system. Thanks so much. Reviewer Comment (2026-02-11): LOX from borrower received. Provide the signature page for the updated Non Owner Occupancy Certificate. Buyer Comment (2026-02-09): • The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. Loan approved as an investment property, however, the address on borrower's driver's license is the same as the subject property address. Please provide a letter of explanation regarding the reason for the same address. Borrower has provided the attached: 1) Signed/dated LOE stating resides at [redacted] since [redacted] as primary residence; 2) Utility bill showing account in his name for [redacted]. Noted that we did not receive an LOE from borrower regarding the use of subject's address on driver's license. The following documentation was already in file regarding correct residence: 1. Loan application signed at closing (and at submission) shows present address as [redacted] as owner for [redacted] years. 2. Credit report (ordered/completed [redacted]) was pulled using borrower's address of [redacted]. 3. Closing docs show borrowers address as [redacted]. Also attached are property tax billing and statement for [redacted]. Buyer Comment (2026-02-09): Please see loe regarding Borrowers residence. Buyer Comment (2026-02-09): Please see utility bill attached for Borrowers primary. Buyer Comment (2026-02-09): Please see Borrowers primary residence tax bill. Thank you. |
02/25/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2132461 | XXX | 36283744 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Secondary Valuation is Missing in loan file. | Reviewer Comment (2026-02-03): As per UCDP CU score is [redacted] hence Secondary Valuation is not required. Exception Cleared. Buyer Comment (2026-01-30): SSR |
02/03/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Purchase | D | A | B | A | D | A | N/A | No | ||||||||||||||
| XXX | 2132461 | XXX | 36283745 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Verification collection has been paid is missing from file. | Reviewer Comment (2026-02-03): As per guidelines current disputed accounts are excluded from the limit calculation as noted in the Collections and Charge-Offs Section of this guide, as borrower(s) meets sufficient funds for disputed account to cover as there is not reserve requirement as per matrix. Exception Cleared. Buyer Comment (2026-01-30): Per guidelines, Current disputed accounts are excluded from the limit calculation as noted in the Collections and Charge-Offs Section of this guide, if the borrower(s) meets minimum reserve requirements and has additional seasoned reserves (no gifts or cash out allowed to satisfy the requirement) totaling amount of disputed accounts (total Minimum Reserves + Disputed Account Balance(s)). |
02/03/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Investment | Purchase | D | A | B | A | D | A | N/A | No | |||||||||||||
| XXX | 2139111 | XXX | 36283746 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement not provided. | Reviewer Comment (2026-02-11): Borrowing certificate, along with beneficial ownership form received, reflecting the [redacted] additional members are beneficial owners who are minors. Both adult members signed all credit documents. Reviewer Comment (2026-02-11): Provided borrower certificate does not have authorized signor details and out of [redacted] members, only [redacted] members have signed the document. Require operating agreement with authorized signor details with ownership details and all the members signatures. Exception remains. Buyer Comment (2026-02-09): Cert of ownership Buyer Comment (2026-02-09): Borrower cert |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2139111 | XXX | 36283748 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is not provided for business entity. | Reviewer Comment (2026-02-11): Provided OFAC search result of the borrowing business entity. Exception cleared. Buyer Comment (2026-02-09): fraud |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2139111 | XXX | 36283749 | Credit | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraisal not on GSE sanctioned form and thus FIRREA compliance is called into question. | - | Reviewer Comment (2026-02-11): Commercial appraisal allowed per guidelines. Buyer Comment (2026-02-09): Per guidelines, Commercial Narrative for [redacted] Residential Units |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2139107 | XXX | 36283750 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | City name on Note and Security Instrument reflects as "[redacted]" however, the Appraisal reflects as "[redacted]". Provide corrected documents to match the Note. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and 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. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-19): Waived with compensating factors per client direction. Reviewer Comment (2026-02-13): All addresses must match the Note. If Lender is accepting, a request to waive can be made; however, we are unable to clear or cancel this condition. Buyer Comment (2026-02-11): [redacted] is the Processor's Certification regarding the address discrepancy. Please cancel the exception. |
02/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXX | 2139107 | XXX | 36283752 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | City name on Note and Security Instrument reflects as "[redacted]" however, the HOI policy reflects as "[redacted]". Provide corrected documents to match the Note. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and 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. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-19): Waived with compensating factors per client direction. Reviewer Comment (2026-02-13): All addresses must match the Note. If Lender is accepting, a request to waive can be made; however, we are unable to clear or cancel this condition. Buyer Comment (2026-02-11): [redacted] is the Processor's Certification regarding the address discrepancy. Please cancel the exception. |
02/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXX | 2145934 | XXX | 36283758 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide an updated Corporate Resolution giving full signing authority to the Guarantor. Copy provided is specific to a different property thats not the subject. | Reviewer Comment (2026-03-03): Corporate Resolution received and verified the details. Exception Cleared. Buyer Comment (2026-02-27): corp resolution |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145934 | XXX | 36283759 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence of UW discretion for borrower living rent free with other than a spouse. | Reviewer Comment (2026-03-03): Updated 1008 received with underwriter discretion for Borrower is living rent free along with rent free letter. Exception Cleared. Buyer Comment (2026-02-27): UW discretion |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145934 | XXX | 36283760 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Provide verification the judgment for child support is paid and released. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2026-03-05): Waived with compensating factors per lender exception approval. Buyer Comment (2026-03-03): exception Reviewer Comment (2026-03-03): Letter is not acceptable to clear the exception Provide documentation that it does not belong to the borrower. Buyer Comment (2026-02-27): child support loe |
03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| XXX | 2145922 | XXX | 36283762 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Unable to verify [redacted] months' mortgage history for the primary residence. Please provide payment history or property history report to verify the primary property is owned free & clear. Underwriter discretion may apply. | Reviewer Comment (2026-03-06): Current primary purchased [redacted]; first payment not due at time of subject loan closing. Buyer Comment (2026-03-04): Bwr purchased the property in [redacted]. First payment would not be due until [redacted]. Program permits [redacted] with no reduction. Reviewer Comment (2026-03-04): Received property profile report for primary residence, however require [redacted] month mortgage statement for housing history verification. Exception remains. Buyer Comment (2026-03-02): see attached property profile for [redacted]. Bwr purchased in [redacted]; first payment would be due in [redacted]. Bwr lived in subject property prior to moving to [redacted]. Mtg history [redacted] was reported on credit report. Buyer Comment (2026-03-02): Property profile [redacted] |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2145922 | XXX | 36283763 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide the final Closing Statement fully executed by the all parties or stamped true and certified. Copy provided is not signed by all parties. | Reviewer Comment (2026-03-06): Received Final Closing statement signed by all the parties. Exception Cleared. Buyer Comment (2026-03-04): final SS |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2145935 | XXX | 36283765 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Secondary Valuation is missing in this loan file | Reviewer Comment (2026-03-06): CDA received Buyer Comment (2026-03-04): CDA attached with less than [redacted] variance. Thank you. |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | XX | Investment | Refinance - Rate/Term | D | B | A | B | D | A | N/A | No | ||||||||||||||
| XXX | 2145935 | XXX | 36283766 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: HOA Questionnaire not provided | HOA Questionnaire not provided. Further, appraiser comments that HOA dues were not provided at time of their inspection and an HOA fee cannot be assumed. Lender will need to provide evidence of monthly HOA dues on subject property. DTI subject to recalculation. | Borrower's monthly reserves have been verified and 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. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2026-04-01): Waived with compensating factors per lender exception approval. Buyer Comment (2026-03-30): Please see exception attached. Thank you. Reviewer Comment (2026-03-26): Please provide a lender exception stating comp factors. Buyer Comment (2026-03-24): Please note per [redacted] guidelines subject is a conversion and we do not require a questionnaire. Please advise if this can be waived or if any exception is required. Thanks so much. Reviewer Comment (2026-03-23): HOA Questionnaire is not received in trailing document. Exception Remains. Buyer Comment (2026-03-19): Please see documentation attached along with email from Broker. Thanks so much. |
04/01/2026 | 2 | B | B | B | B | B | XX | Investment | Refinance - Rate/Term | D | B | A | B | D | A | N/A | No | ||||||||||||||||
| XXX | 2145935 | XXX | 36283767 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | HOA Error: HOA dues not provided. | - | Per appraiser comments, monthly HOA dues were not provided at time of inspection. Proof of monthly HOA dues for subject property required for review. DSCR subject to recalculation. | Reviewer Comment (2026-03-26): Received letter of explanation stating no monthly condominium fees are collected for the property. Exception Cleared. Buyer Comment (2026-03-24): Please see attached. Thank you. |
03/26/2026 | 1 | A | A | A | A | A | XX | Investment | Refinance - Rate/Term | D | B | A | B | D | A | N/A | No | ||||||||||||||||||
| XXX | 2145932 | XXX | 36283770 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is currently living rent free with someone other than a spouse. This is not meet guidelines. File is missing underwriter discretion documentation allowing for credit exception. | Reviewer Comment (2026-03-12): Received 1008 with underwriter's comment. Exception Cleared. Buyer Comment (2026-03-10): UW discretion |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145932 | XXX | 36283771 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction - business entity missing. | Reviewer Comment (2026-03-12): Received OFAC search for the borrowing entity. Exception cleared. Buyer Comment (2026-03-10): fraud summary |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXX | 2145932 | XXX | 36283772 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | All liens must be paid in full at or prior to closing | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-03-12): Client elects to waive with compensating factors. Buyer Comment (2026-03-10): exception |
03/12/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| XXX | 2145926 | XXX | 36283775 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Private mortgage requires a full VOM along with the cancelled checks for verification of the pay history. | Reviewer Comment (2026-04-01): Received OM along with the cancelled checks for verification of the pay history. Exception cleared Buyer Comment (2026-03-30): VOM uploaded. Reviewer Comment (2026-03-12): Provided Cancelled checks was already available on file at initial review. Please provide a full VOM along with the cancelled checks for verification of the pay history. Exception Remains. Buyer Comment (2026-03-10): cancelled checks |
04/01/2026 | 1 | C | A | C | A | C | A | C | A | D | A | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXX | 2145925 | XXX | 36283777 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. CU and LCA results are contradictory. Missing Secondary Valuation. Sec ID: [redacted] | Secondary Valuation Missing in this loan file | Reviewer Comment (2026-03-31): Received CDA. Exception Cleared. Buyer Comment (2026-03-27): CDA |
03/31/2026 | 1 | A | A | A | A | A | A | A | A | D | A | XX | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXX | 2145923 | XXX | 36283781 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a property history report verifying the primary residence is owned free and clear. | Reviewer Comment (2026-03-27): Property history report received reflecting lien released on primary residence. Buyer Comment (2026-03-26): PFA Property profile report Buyer Comment (2026-03-26): PFA Reviewer Comment (2026-03-23): Unable to determine the active mortgage or release mortgage history on the property history report. Exception remains. Buyer Comment (2026-03-19): PFA Reviewer Comment (2026-03-18): Unable to determine the active mortgage or release mortgage history on the property history report. Exception remains. Buyer Comment (2026-03-16): FPA |
03/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2145923 | XXX | 36283782 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Required for [redacted]. | Reviewer Comment (2026-03-27): Received articles of organization reflecting entity was formed less than [redacted] year prior to subject transaction. Buyer Comment (2026-03-26): PFA Reviewer Comment (2026-03-23): Require complete pages of Certificate of Good Standing in the file. Provided document is Articles of Organization. Exception Remains. Buyer Comment (2026-03-19): PFA Reviewer Comment (2026-03-18): Require complete pages of Certificate of Good Standing in the file. Exception Remains. Buyer Comment (2026-03-16): PFA as requested |
03/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXX | 2135930 | XXX | 36297589 | Compliance | Compliance | State Compliance | Compliance | [redacted] Day [redacted] has been discontinued effective [redacted]. Most recent available index value used for bona fide discount point testing. | Reviewer Comment (2026-01-27): Loan is exempt from [redacted] high-cost testing which uses the [redacted] -day RNY for bona fide discount point testing. Exception cleared. Buyer Comment (2026-01-26): compliance report Reviewer Comment (2026-01-26): Please provide compliance report and undiscounted interest rate Reviewer Comment (2026-01-20): [redacted] Day RNY has been discontinued effective [redacted]. Most recent available index value used for bona fide discount point testing. |
01/27/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXX | 2135930 | XXX | 36297592 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Initial CD is missing | Reviewer Comment (2026-01-28): [redacted] received [redacted] CD received [redacted] business days prior to consummation. Buyer Comment (2026-01-27): initial CD Reviewer Comment (2026-01-27): [redacted] CD [redacted] is located in file. Please provide the CD issued to borrower prior to consummation for review or documentation the final CD was provide to borrower [redacted] business days prior to review. Buyer Comment (2026-01-26): LE Buyer Comment (2026-01-26): COC |
01/28/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2135930 | XXX | 36297593 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. [redacted] over legal limit. Insufficient or no cure was provided to the borrower. | No Cure Provided | Reviewer Comment (2026-01-27): [redacted] Received Valid COC dated [redacted] along with COC. Buyer Comment (2026-01-26): COC |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2135930 | XXX | 36297595 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title coverage is less than the loan amount. Provide a current copy of the preliminary, commitment, or final title. | Reviewer Comment (2026-01-27): Received title commitment Buyer Comment (2026-01-26): titlle Buyer Comment (2026-01-26): final TITLE |
01/27/2026 | 1 | B | A | B | A | B | A | B | A | B | A | XX | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2135930 | XXX | 36297596 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Reviewer Comment (2026-01-23): Received Hazard Insurance policy for term [redacted] to [redacted]. Exception Cleared. Buyer Comment (2026-01-22): The current hazard insurance policy was active from [redacted] through [redacted] and was in force at the time of consummation on [redacted]. The renewal hazard insurance policy is active from [redacted] through [redacted]. |
01/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXX | 2135930 | XXX | 36297597 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing divorce decree. | Reviewer Comment (2026-01-27): received and confirmed borrower is not paying child support but receipt of Buyer Comment (2026-01-27): Divorce decree Reviewer Comment (2026-01-26): Borrower explained in her Letter than her Ex-husband was the [redacted] on the previous Deed, although she received the house in the divorce. Verifying she doesn't owe Child support Buyer Comment (2026-01-22): Please advise which documents are being referenced that indicate the borrower disclosed being married. If there is documentation in the file supporting a marital status other than what is reflected, please identify the specific document(s) At this time, the Title commitment reflects the borrower as a single woman, and the Letter of Explanation (LOX) only states that the borrower is paying off a co-signer, with no indication or implication that the borrower was ever married. Buyer Comment (2026-01-22): Please advise what documents are referring to the borrower disclosing the they were married. TITLE reflects single women; LOX reflects that the borrower is paying off a co-signer with no implication that they were ever married. |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2135938 | XXX | 36297600 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Insufficient cure provided. | Reviewer Comment (2026-01-23): Sufficient Cure Provided At Closing |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXX | 2135934 | XXX | 36297602 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Verification the final appraisal was delivered to borrower was not provided. | Buyer Comment (2026-02-03): We will accept the EV2 grade. Buyer Comment (2026-02-03): These are all the lender has for proof of appraisal delivery. We will accept an EV2 for this condition. Please clear. Thank you. Reviewer Comment (2026-02-02): Received tracking disclosure confirming that the appraisal was received same date as Note date, exception remains Buyer Comment (2026-01-28): Please see updated appraisal delivery. |
02/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2135934 | XXX | 36297603 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Verification the final appraisal was delivered to borrower was not provided. | Buyer Comment (2026-02-03): We will accept the EV2 grade. Buyer Comment (2026-02-03): These are all the lender has for proof of appraisal delivery. We will accept an EV2 for this condition. Please clear. Thank you. Reviewer Comment (2026-02-02): Received tracking disclosure confirming that the appraisal was received same date as Note date, exception remains Buyer Comment (2026-01-28): Please see updated appraisal delivery. |
02/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2135934 | XXX | 36297605 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Both Initial and Final 1003 reflect borrower will be living in subject as a Primary Residence, on a Secondary Home Purchase - Provide corrected 1003s | Reviewer Comment (2026-02-03): Received corrected Final Buyer Comment (2026-02-03): Please see updated 1003. |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXX | 2135927 | XXX | 36297610 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender allowed the borrower's qualifying FICO to not meet the requirement based on the loan's LTV. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-02): Lender exception approval in file |
02/02/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXX | 2135932 | XXX | 36297614 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-02): Sufficient Cure Provided At Closing |
02/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXX | 2135932 | XXX | 36297616 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | Provided hazard policy has an effective date that is after the Note. Verification the policy was in effect at closing is required. | Reviewer Comment (2026-02-09): Received Final PCCD with correct disbursement date and LOE both. Exception Cleared. Buyer Comment (2026-02-06): PCCD package, Includes PCCD with corrected disbursement date, LOE and delivery confirmation. Reviewer Comment (2026-02-05): Received internal tracking, however a Final PCCD with corrected disbursement date is required Buyer Comment (2026-02-05): Disbursement Date is actually [redacted]. Providing Encompass screen shot of Funding Overview confirming this disbursement date and includes the Release#/FedRef#. |
02/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2135939 | XXX | 36297620 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Initial Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Reviewer Comment (2026-02-09): [redacted] Received disclosure summary along with supporting comment on the exception showing CD dated [redacted] viewed by borrower on [redacted]. Buyer Comment (2026-02-06): Initial CD Buyer Comment (2026-02-06): Providing Disclosure Tracking Details report confirming the initial CD, w/ issue date of [redacted] was emailed to the borrower on [redacted]. Including a copy of this initial CD. |
02/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2135940 | XXX | 36297622 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Appraisal Revision completed [redacted], less than [redacted] business days from Note date. | Buyer Comment (2026-02-09): Logan accepts EV 2 |
02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXX | 2135940 | XXX | 36297625 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Initial CD is Missing | Reviewer Comment (2026-02-10): [redacted] received [redacted] CD received [redacted] business days prior to consummation. Buyer Comment (2026-02-09): See attached initial CD and proof of delivery |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | XX | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXX | 2135933 | XXX | 36297629 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-04): Sufficient Cure Provided At Closing |
02/04/2026 | 1 | A | A | A | A | A | A | A | A | A | A | XX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXX | 2135933 | XXX | 36297630 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per Unit property coverage not equal to loan amount, [redacted] coverage is short [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [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]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-06): Lender exception approval |
02/06/2026 | 2 | B | B | B | B | B | B | B | B | B | B | XX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No |