Exhibit 99.04
Schedule 4. Clarifii RA Grades Detail Report
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 2147739 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2025-05-13 11:26 | 2025-05-21 13:59 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Credit Supplement - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Please see the attached supplement reflecting 0*30 on the previous address. Thank you - Seller-05/20/2025 Open-Housing History Does Not Meet Guideline Requirements - missing Primary history borrower appears to have been in primary 2 months. Missing former address mtg payment history. - Due Diligence Vendor-05/13/2025 |
Ready for Review-Document Uploaded. Please see the attached supplement reflecting 0*30 on the previous address. Thank you - Seller-05/20/2025 |
Resolved-Received Credit Supplement - Due Diligence Vendor-05/21/2025 |
Months Reserves exceed minimum required - 25.18 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying sore 798; minimum score 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2147739 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2025-05-12 11:12 | 2025-05-21 13:57 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received recorded Mortgage w/Legal. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Please see attached legal description. - Seller-05/19/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. ----- Missing Legal Description - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. Please see attached legal description. - Seller-05/19/2025 |
Resolved-Received recorded Mortgage w/Legal. - Due Diligence Vendor-05/21/2025 |
Months Reserves exceed minimum required - 25.18 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying sore 798; minimum score 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2147739 | XXXX | C | A | C | A | C | A | A | A | Closed | FCOM3605 | 2025-05-12 11:46 | 2025-05-20 09:33 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved-Rec'd Initial CD issued XXXX. Finding resolved. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Please see attached ICD signed by the borrower on XXXX - Seller-05/19/2025 Open------ Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation. Statute of Limitations 3 years- Expiration date is XXXX - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. Please see attached ICD signed by the borrower on XXXX - Seller-05/19/2025 |
Resolved-Rec'd Initial CD issued XXXX. Finding resolved. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 25.18 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying sore 798; minimum score 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2138686 | XXXX | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2025-10-27 16:50 | 2025-11-21 10:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The HOA Questionnaire provided. - Due Diligence Vendor-11/21/2025 Ready for Review-Document Uploaded. that document was already reviewed here it is attached again. - Seller-11/20/2025 Counter-Received Email. HOA Questionnaire Document previously uploaded has been removed. - Due Diligence Vendor-11/18/2025 Ready for Review-Document Uploaded. this was address in the email, attached. question #6 - Seller-11/17/2025 Counter-No document received. Condo questionnaire indicates there is an on-site registration/check-in desk, cleaning/maid and or master telephone service. Should these services not be available, the questionnaire must be updated. - Due Diligence Vendor-11/12/2025 Ready for Review-the property is not a condo-tel, confirmed by the appraisal the question was only marked that they do allow Short term rentals if the owner so chooses. this is a high rise condo, please clear findings. - Seller-11/10/2025 Counter-HOA cert received-noted yes to question #15-appears to be condotel--appraiser does not note condotel. Max ltv 65%. Please clarify. - Due Diligence Vendor-11/03/2025 Ready for Review-Document Uploaded. please find the HOA docs - Seller-10/30/2025 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. - Due Diligence Vendor-10/27/2025 |
Ready for Review-Document Uploaded. that document was already reviewed here it is attached again. - Seller-11/20/2025 Ready for Review-Document Uploaded. this was address in the email, attached. question #6 - Seller-11/17/2025 Ready for Review-the property is not a condo-tel, confirmed by the appraisal the question was only marked that they do allow Short term rentals if the owner so chooses. this is a high rise condo, please clear findings. - Seller-11/10/2025 Ready for Review-Document Uploaded. please find the HOA docs - Seller-10/30/2025 |
Resolved-The HOA Questionnaire provided. - Due Diligence Vendor-11/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The minimum Fico Score is 720, The borrower has 767 Months Reserves exceed minimum required - then guidelines requires 3 months reserves, the borrower has 12.11 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1232 | 2025-11-06 13:24 | 2025-12-04 13:18 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Waived-Originator waiver applied to non-material finding with compensating factors. Exception for a 70.2 DSCR, min .75 - Due Diligence Vendor-12/04/2025 Ready for Review-Document Uploaded. please find the exception for the DSCR - Seller-12/03/2025 Counter-Received DSCR screenshot. Audit calculation is .70 - Due Diligence Vendor-11/13/2025 Ready for Review-Document Uploaded. DSCR is .77 please clear - Seller-11/12/2025 Open-The Calculated DSCR of '0.702' is less than the minimum DSCR per lender guidelines of '0.75'. Originator DSCR .77/Audit 0.702. Unable to determine as Lender did not provide breakdown calculation. Audit PITIA matches Lender's first payment letter. - Due Diligence Vendor-11/06/2025 |
Ready for Review-Document Uploaded. please find the exception for the DSCR - Seller-12/03/2025 Ready for Review-Document Uploaded. DSCR is .77 please clear - Seller-11/12/2025 |
Waived-Originator waiver applied to non-material finding with compensating factors. Exception for a 70.2 DSCR, min .75 - Due Diligence Vendor-12/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 640 LTV is less than guideline maximum - LTV 75% is lower than maximum 80% |
802 fico 75% LTV, max 80% Cash back to borrower |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2138687 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0183 | 2025-11-06 13:21 | 2025-11-13 15:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Required Spousal Consent to Pledge form is missing | Resolved-Upon further review, the loan file contained all required documentation. - Due Diligence Vendor-11/13/2025 Ready for Review-This is an investment property closing in an Entity. The condition below only applies to a Primary residence. please clear. - Seller-11/12/2025 Open-The required spousal consent to pledge form is missing. Property is in XXXX community property state. The following on investment properties, you must have a Spousal Consent to Pledge form in the file. - Due Diligence Vendor-11/06/2025 |
Ready for Review-This is an investment property closing in an Entity. The condition below only applies to a Primary residence. please clear. - Seller-11/12/2025 |
Resolved-Upon further review, the loan file contained all required documentation. - Due Diligence Vendor-11/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 640 LTV is less than guideline maximum - LTV 75% is lower than maximum 80% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | FCRE1440 | 2025-12-11 09:32 | 2026-01-21 12:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Discharge of Mortgage provided, the loan was not int he borrower's name. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. please find discharge of the mortgage. - Seller-01/15/2026 Counter-#13 of schedule B reflects mortgage. Finding remains. - Due Diligence Vendor-01/05/2026 Ready for Review-There is no mortgage history required. Per title, borrower owns property with no mortgages on title. Payoffs to private party and to buyout co-owner are not related to liens or mortgages. Please clear finding. - Seller-12/31/2025 Open-Housing History Does Not Meet Guideline Requirements The borrower is in title with a 3rd party who is being removed with a payoff of XXXX. The second payoff is to a private party for XXXX. The original lien was recorded as a mortgage for XXXX. No payment history for this mortgage was identified in the file. It appears payments have been made as the amount owed has reduced. There is a letter in file from the 3rd party in title stating the borrower lived at the residence rent free. A payment history is required for the mortgage to ensure the transaction is not a foreclosure bailout. - Due Diligence Vendor-12/11/2025 |
Ready for Review-Document Uploaded. please find discharge of the mortgage. - Seller-01/15/2026 Ready for Review-There is no mortgage history required. Per title, borrower owns property with no mortgages on title. Payoffs to private party and to buyout co-owner are not related to liens or mortgages. Please clear finding. - Seller-12/31/2025 |
Resolved-Discharge of Mortgage provided, the loan was not int he borrower's name. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | finding-3652 | 2025-12-07 07:50 | 2026-01-06 09:23 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-----Received COC for decrease in fees. Finding Resolved. - Due Diligence Vendor-01/06/2026 Ready for Review-Document Uploaded. COC for lender credit - Seller-01/05/2026 Counter----Revised CD dated XXXX with closing costs of $11,354.73 had a lender credit of $24.00, which was removed from the final CD that was signed on XXXX. Need COC for decrease in lender credit. Finding Remains. - Due Diligence Vendor-12/31/2025 Ready for Review-please advise where are you getting the lending credit from there is no revised CD for XXXX - Seller-12/29/2025 Counter-Received final CD XXXX, signed XXXX. Missing evidence of receipt of Revised CD XXXX, received on XXXX. - Due Diligence Vendor-12/19/2025 Ready for Review-Document Uploaded. XXXX cd for review. - Seller-12/17/2025 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($24.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from $24.00 for increase in closing cost above legal limit to $0.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $24.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date: XXXX. - Please provide borrower's acknowledgment of Revised CD issued XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-12/07/2025 |
Ready for Review-Document Uploaded. COC for lender credit - Seller-01/05/2026 Ready for Review-please advise where are you getting the lending credit from there is no revised CD for XXXX - Seller-12/29/2025 Ready for Review-Document Uploaded. XXXX cd for review. - Seller-12/17/2025 |
Resolved-----Received COC for decrease in fees. Finding Resolved. - Due Diligence Vendor-01/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | finding-3526 | 2025-12-07 07:50 | 2025-12-31 11:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Loan Estimate Delivery Date Test (prior to consummation) | Resolved----Received signed LE. Finding Resolved. - Due Diligence Vendor-12/31/2025 Ready for Review-Document Uploaded. please find LE dated XXXX - Seller-12/29/2025 Counter------Received final CD XXXX signed XXXX. Missing evidence of LE XXXX, received 3 days prior to closing. - Due Diligence Vendor-12/19/2025 Ready for Review-Document Uploaded. LE and CD - Seller-12/17/2025 Open-This loan failed the revised loan estimate delivery date test (prior to consummation) due to one of the following findings: ( 12 CFR §1026.19(e)(4)(ii) )The revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised loan estimate delivery date is less than seven business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised loan estimate delivery date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate receipt date is provided and the revised loan estimate receipt date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate delivery date is on or after the initial closing disclosure delivery date.The creditor shall not provide a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i). The consumer must receive a revised version of the disclosures required under §1026.19(e)(1)(i) not later than four business days prior to consummation. If the revised version of the disclosures required §1026.19(e)(1)(i) is not provided to the consumer in person, the consumer is considered to have received such version three business days after the creditor delivers or places such version in the mail. ---Final LE in file is dated XXXX, but it signed by borrower, we need proof borrower received 3 days prior to closing. - Due Diligence Vendor-12/08/2025 |
Ready for Review-Document Uploaded. please find LE dated XXXX - Seller-12/29/2025 Ready for Review-Document Uploaded. LE and CD - Seller-12/17/2025 |
Resolved----Received signed LE. Finding Resolved. - Due Diligence Vendor-12/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | finding-3635 | 2025-12-07 07:50 | 2025-12-31 11:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved----Received information of signed CD and COC. Finding Resolved. - Due Diligence Vendor-12/31/2025 Ready for Review-this was pending? please clear. - Seller-12/29/2025 Ready for Review-Document Uploaded. please find the COC - Seller-12/17/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($90.00) exceed the comparable charges ($30.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----- Ten (10%) tolerance fees (Recording Fee) increased by 60.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $57.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Additional findings may apply upon receipt. - Due Diligence Vendor-12/07/2025 |
Ready for Review-this was pending? please clear. - Seller-12/29/2025 Ready for Review-Document Uploaded. please find the COC - Seller-12/17/2025 |
Resolved----Received information of signed CD and COC. Finding Resolved. - Due Diligence Vendor-12/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | FPRO1257 | 2025-12-11 08:59 | 2025-12-31 08:19 | Waived | 2 - Non-Material | C | B | Property | Value | Primary Property Value is not Substantiated | Waived-Document Uploaded. Originator waiver applied to non-material finding. Exception to allow the use of the prior guides for the appraisal review. CU completed prior to the guideline change. - Due Diligence Vendor-12/31/2025 Counter-Guideline is effective XXXX. Finding remains. - Due Diligence Vendor-12/30/2025 Ready for Review-On the appraisal finding for this loan, the appraisal dates are prior to the guideline change requiring a CU score less than 2.0. Though the note date is after the guideline change, it would not be reasonable to make the guideline change retroactive and require an updated valuation product after the property value has been approved according to guidelines. Please clear this finding. - Seller-12/29/2025 Counter-Note date XXXX. Provide secondary valuation acceptable to guideline change on XXXX. - Due Diligence Vendor-12/19/2025 Ready for Review-guideline was updated XXXX , this CU was completed XXXX please clear. - Seller-12/17/2025 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. The CU provided is 2.5. Per the applicable guidelines property values up to $1,500,000 – and a CU score > 2.0 or no score, a desk review is required. - Due Diligence Vendor-12/11/2025 |
Ready for Review-On the appraisal finding for this loan, the appraisal dates are prior to the guideline change requiring a CU score less than 2.0. Though the note date is after the guideline change, it would not be reasonable to make the guideline change retroactive and require an updated valuation product after the property value has been approved according to guidelines. Please clear this finding. - Seller-12/29/2025 Ready for Review-guideline was updated XXXX , this CU was completed XXXX please clear. - Seller-12/17/2025 |
Waived-Document Uploaded. Originator waiver applied to non-material finding. Exception to allow the use of the prior guides for the appraisal review. CU completed prior to the guideline change. - Due Diligence Vendor-12/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | |
| XXXX | 2138665 | XXXX | C | B | C | A | C | A | C | B | Closed | finding-3532 | 2025-12-07 07:50 | 2025-12-19 08:37 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved------Received CD XXXX with evidence of receipt. Finding resolved. - Due Diligence Vendor-12/19/2025 Ready for Review-Document Uploaded. please find the initial CD - Seller-12/17/2025 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. ----- Initial CD issued XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date. Statute of Limitations 3 years- Expiration date: XXXX. - Please provide borrower's acknowledgment of CD issued XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-12/07/2025 |
Ready for Review-Document Uploaded. please find the initial CD - Seller-12/17/2025 |
Resolved------Received CD XXXX with evidence of receipt. Finding resolved. - Due Diligence Vendor-12/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 707 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.95 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138658 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-12-17 08:33 | 2025-12-17 12:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Waived with lenders exception. Appraised value came in at XXXX and borrower is looking for XXXX loan amount. Exception to allow borrower to go 80% LTV with a 660 FICO. Edit Delete - Due Diligence Vendor-12/17/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Lenders Exception Appraised value came in at XXXX and borrower is looking for XXXX loan amount; requesting exception to allow borrower to go 80% LTV with a 660 FICO. - Due Diligence Vendor-12/17/2025 |
Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Waived with lenders exception. Appraised value came in at XXXX and borrower is looking for XXXX loan amount. Exception to allow borrower to go 80% LTV with a 660 FICO. Edit Delete - Due Diligence Vendor-12/17/2025 |
Months Reserves exceed minimum required - 21.13 months reserves exceed required 6 by 15.13 months. Qualifying DTI below maximum allowed - DTI 35.38% is lower than allowable 50% Required is 50 Borrower has 35.38 |
# of Months Reserves- 6 DTI – 35% Ltv/cltv – 80 FICO - 660 # OF TRADELINES - 46 Year of monthly payments - 26 Years on the Job- 25 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2138700 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0137 | 2026-01-16 17:54 | 2026-01-21 06:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Subject property is listed for sale | Resolved-Subject listed for sale and removed in XXXX; listed for rent. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. prop not listed for sale please see XXXX - Seller-01/20/2026 Open-UW to confirm there is no evidence the home is listed for sale. . - Due Diligence Vendor-01/16/2026 |
Ready for Review-Document Uploaded. prop not listed for sale please see XXXX - Seller-01/20/2026 |
Resolved-Subject listed for sale and removed in XXXX; listed for rent. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735 Months Reserves exceed minimum required - 3 months required, subject 7 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | 2138700 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1491 | 2025-12-24 09:13 | 2026-01-16 17:54 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received Final Settlement Statement for non - subject REO - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. borrower refinanced another property please find that FSS showing cash to bwr of 20k please clear. - Seller-01/15/2026 Open-Asset Qualification Does Not Meet Guideline Requirements Per the application the borrower is obtaining $11,500 in secured borrowed funds. No verification of these funds was identified in the file. - Due Diligence Vendor-12/24/2025 |
Ready for Review-Document Uploaded. borrower refinanced another property please find that FSS showing cash to bwr of 20k please clear. - Seller-01/15/2026 |
Resolved-Received Final Settlement Statement for non - subject REO - Due Diligence Vendor-01/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735 Months Reserves exceed minimum required - 3 months required, subject 7 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | 2138700 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0082 | 2025-12-24 08:41 | 2026-01-16 17:52 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Received Final Title - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. please find the FTP showing XXXX stays LLC please clear - Seller-01/15/2026 Open-Vested Owner Signature Requirement Not met. The LLC in title is XXXX. No documentation of this LLC articles with membership information was identified in the file. Without we cannot verify continuity of property ownership by the borrower as the LLC in title is XXXX. - Due Diligence Vendor-12/24/2025 |
Ready for Review-Document Uploaded. please find the FTP showing XXXX stays LLC please clear - Seller-01/15/2026 |
Resolved-Received Final Title - Due Diligence Vendor-01/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735 Months Reserves exceed minimum required - 3 months required, subject 7 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | 2138656 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1437 | 2026-01-09 10:59 | 2026-01-14 16:12 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Received CPA letter and Real Estate Broker License. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. The borrower has been a licensed real estate broker since XXXX. Even though the company was established on XXXX per the letter from the CPA that has processed his tax returns for past ten years he has self employed. This is enough evidence the borrower has been in the same line of work for over 2 years. Please clear finding. - Seller-01/13/2026 Open-Income and Employment Do Not Meet Guidelines File is missing Verification of Full 2-Year Employment History. Current VOE is for 1.5 Years. - Due Diligence Vendor-01/09/2026 |
Ready for Review-Document Uploaded. The borrower has been a licensed real estate broker since XXXX. Even though the company was established on XXXX per the letter from the CPA that has processed his tax returns for past ten years he has self employed. This is enough evidence the borrower has been in the same line of work for over 2 years. Please clear finding. - Seller-01/13/2026 |
Resolved-Received CPA letter and Real Estate Broker License. - Due Diligence Vendor-01/14/2026 |
LTV is less than guideline maximum - LTV 60.87% is lower than maximum 80% Required is 80 Borrower has 60.87 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 757 is higher than the required 660 Required is 660 Borrower has 757 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138656 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2026-01-02 09:22 | 2026-01-12 13:43 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-01/12/2026 Ready for Review-Document Uploaded. Mortgage with legal description provided. Please clear finding. - Seller-01/09/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Mortgage with legal description provided. Please clear finding. - Seller-01/09/2026 |
Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-01/12/2026 |
LTV is less than guideline maximum - LTV 60.87% is lower than maximum 80% Required is 80 Borrower has 60.87 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 757 is higher than the required 660 Required is 660 Borrower has 757 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138656 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3634 | 2026-01-02 10:04 | 2026-01-12 12:33 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-----Received COC for fees. Finding Resolved. - Due Diligence Vendor-01/12/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $560.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-01/12/2026 Ready for Review-Document Uploaded. COC for the origination fee, tangible taxes and transfer taxes provided. Please clear finding. - Seller-01/09/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $3,249.40.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $3,249.40 (Origination fee, tangible taxes and transfer taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $3,249.40, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. COC for the origination fee, tangible taxes and transfer taxes provided. Please clear finding. - Seller-01/09/2026 |
Resolved-----Received COC for fees. Finding Resolved. - Due Diligence Vendor-01/12/2026 |
LTV is less than guideline maximum - LTV 60.87% is lower than maximum 80% Required is 80 Borrower has 60.87 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 757 is higher than the required 660 Required is 660 Borrower has 757 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138656 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3532 | 2026-01-02 11:35 | 2026-01-12 12:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved-----Received Signed CD. Finding Resolved. - Due Diligence Vendor-01/12/2026 Ready for Review-Document Uploaded. Confirmation of CD issue XXXX provided, please clear finding. - Seller-01/09/2026 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. -----Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. Confirmation of CD issue XXXX provided, please clear finding. - Seller-01/09/2026 |
Resolved-----Received Signed CD. Finding Resolved. - Due Diligence Vendor-01/12/2026 |
LTV is less than guideline maximum - LTV 60.87% is lower than maximum 80% Required is 80 Borrower has 60.87 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 757 is higher than the required 660 Required is 660 Borrower has 757 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138729 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE9488 | 2026-01-24 10:58 | 2026-02-11 13:55 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-LOE received from Borrower confirming use of 2nd Home at least 14+ days per year. - Due Diligence Vendor-02/11/2026 Ready for Review-Document Uploaded. Email from borrower confirming occupying of the property through out the year provided. Please clear. - Seller-02/11/2026 Counter-Provide letter of explanation confirming borrowers will occupy a minimum of 14 days per year, confirmation of exclusive control of property (no rental management agreements). Finding remains. - Due Diligence Vendor-02/02/2026 Ready for Review-The subject property is a second home. It is reasonable to expect that a second home would be used to generate short-term rental (STR) income when not occupied by the borrower, particularly given that the borrower occupies the property only a few months out of the year. This is an income-qualified second home transaction, and no rental income from the property was used to qualify for the loan. Please clear finding. - Seller-01/30/2026 Open-Per the homeowners insurance policy declaration in the file the occupancy of the subject property is Short-Term rental. A letter of explanation is required to address. Additional stipulations may apply. - Due Diligence Vendor-01/24/2026 |
Ready for Review-Document Uploaded. Email from borrower confirming occupying of the property through out the year provided. Please clear. - Seller-02/11/2026 Ready for Review-The subject property is a second home. It is reasonable to expect that a second home would be used to generate short-term rental (STR) income when not occupied by the borrower, particularly given that the borrower occupies the property only a few months out of the year. This is an income-qualified second home transaction, and no rental income from the property was used to qualify for the loan. Please clear finding. - Seller-01/30/2026 |
Resolved-LOE received from Borrower confirming use of 2nd Home at least 14+ days per year. - Due Diligence Vendor-02/11/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1194 | 2026-01-26 17:28 | 2026-02-02 16:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator provided a waiver for use of appraised value vs acquisition and improvements, applied to non material finding with comp factors - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. Exception was made to use the appraisal value. Please clear finding. - Seller-01/30/2026 Open-Audited LTV of XX exceeds Guideline LTV of 75% - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. Exception was made to use the appraisal value. Please clear finding. - Seller-01/30/2026 |
Waived-Originator provided a waiver for use of appraised value vs acquisition and improvements, applied to non material finding with comp factors - Due Diligence Vendor-02/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
Reserves: 8 months verified Years at residence: 10.5 years at current residence |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3634 | 2026-01-16 10:53 | 2026-02-02 09:28 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved------Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-02/02/2026 Ready for Review-The extension fee shown on the COC from XXXX went from 0.00 to 441.79, then on XXXX it went from 441.79 to 1,767.15 on the same date from 1,767.15 to 1,802.49. The amount on the CD issued XXXX is the same amount show on XXXX 1,802.49. Please clear finding. - Seller-01/30/2026 Ready for Review-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $35.49.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. COCs for the loan origination fee and rate lock extensions provided. Please clear finding. - Seller-01/28/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $1,943.45.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $1943.45 (Origination, extension) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1943.45, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-01/16/2026 |
Ready for Review-The extension fee shown on the COC from XXXX went from 0.00 to 441.79, then on XXXX it went from 441.79 to 1,767.15 on the same date from 1,767.15 to 1,802.49. The amount on the CD issued XXXX is the same amount show on XXXX 1,802.49. Please clear finding. - Seller-01/30/2026 Ready for Review-Document Uploaded. COCs for the loan origination fee and rate lock extensions provided. Please clear finding. - Seller-01/28/2026 |
Resolved------Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-02/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1437 | 2026-01-24 11:00 | 2026-01-29 14:47 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Received XXXX statement - supports income used - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. XXXX statement provided, please clear finding. - Seller-01/28/2026 Open-Income and Employment Do Not Meet Guidelines The subject loan is a 12 month bank statement loan. The XXXX bank statement was not identified in the file. Income was calculated with the 11 months provided and verified slightly less. - Due Diligence Vendor-01/24/2026 |
Ready for Review-Document Uploaded. November XXXX statement provided, please clear finding. - Seller-01/28/2026 |
Resolved-Received XXXX statement - supports income used - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE0200 | 2026-01-26 06:21 | 2026-01-29 14:46 | Resolved | 1 - Information | C | A | Credit | Debt | Missing proof of liability not disclosed on credit report | Resolved-Received Payment Letter and Verification No HOA - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. First payment letter provided showing due XXXX, letter also includes the property tax and insurance amount. There is not HOA for this property. Please clear finding. - Seller-01/28/2026 Open-Property XXXX was refinanced with a new mortgage XXXX. The payment is listed as XXXX. No verification of this payment was identified in the file. Additionally, it is unknown when the first payment would be due. Verification of these items is required. Additional stipulations may apply. - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. First payment letter provided showing due XXXX, letter also includes the property tax and insurance amount. There is not HOA for this property. Please clear finding. - Seller-01/28/2026 |
Resolved-Received Payment Letter and Verification No HOA - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1510 | 2026-01-16 10:12 | 2026-01-29 14:44 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. Deed of Trust with legal description attached provided. Please clear finding. - Seller-01/28/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description. - Due Diligence Vendor-01/16/2026 |
Ready for Review-Document Uploaded. Deed of Trust with legal description attached provided. Please clear finding. - Seller-01/28/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3939 | 2026-01-16 10:53 | 2026-01-29 10:13 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-----Received LE dated XXXX. Finding Resolved. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. LE issued XXXX, documentation provided. Please clear finding. - Seller-01/28/2026 Open-This loan failed the TRID Rate Lock Disclosure Delivery Date Test. (12 CFR §1026.19(e)(3)(iv)(D))A disclosure advising of the revised interest rate, points, lender credits, and any other interest rate dependent charges and terms was not provided to the borrower within three business days after the interest rate was locked on XXXX, XXXX, XXXX, XXXX, XXXX and XXXX. -----Loan locked on XXXX with no COC or revised LE. The next revised LE was sent on XXXX. - Due Diligence Vendor-01/16/2026 |
Ready for Review-Document Uploaded. LE issued XXXX, documentation provided. Please clear finding. - Seller-01/28/2026 |
Resolved-----Received LE dated XXXX. Finding Resolved. - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138674 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3532 | 2026-01-16 10:53 | 2026-01-29 10:13 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved-----Received Proof of borrower's receipt of initial CD. Finding Resolved. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. Confirmation of delivery for the initial CD XXXX provided. Please clear finding. - Seller-01/28/2026 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. ----- Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/16/2026 |
Ready for Review-Document Uploaded. Confirmation of delivery for the initial CD XXXX provided. Please clear finding. - Seller-01/28/2026 |
Resolved-----Received Proof of borrower's receipt of initial CD. Finding Resolved. - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 674. Months Reserves exceed minimum required - 6 months required, subject 8.41 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138739 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2026-01-26 07:11 | 2026-02-17 15:39 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received email from the borrower confirming he is the only owner of the private road. No agreement required. - Due Diligence Vendor-02/17/2026 Ready for Review-Document Uploaded. The borrower is only owner for the private road, see email confirmation. Please clear. - Seller-02/17/2026 Counter-The guidelines indicate a road maintenance agreement is required for private road access. - Due Diligence Vendor-02/05/2026 Ready for Review-Document Uploaded. A survey was received which outlines the private road access easement. Please clear finding.. - Seller-02/05/2026 Open-Property Title Issue Item B 10 a. states the title company is not satisfied as to the insurability of access to and from the land. Subject is on a private road. Per the applicable guidelines a road maintenance agreement is required for private road access. This documentation was not identified in the file. - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. The borrower is only owner for the private road, see email confirmation. Please clear. - Seller-02/17/2026 Ready for Review-Document Uploaded. A survey was received which outlines the private road access easement. Please clear finding.. - Seller-02/05/2026 |
Resolved-Received email from the borrower confirming he is the only owner of the private road. No agreement required. - Due Diligence Vendor-02/17/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 727 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138739 | XXXX | C | A | C | A | A | A | A | A | Closed | FPRO1249 | 2026-01-26 07:25 | 2026-01-29 15:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Resolved-File contains documentation that Originator considered suburban . TPR and appraiser considered rural however, originator considered suburban. - Due Diligence Vendor-01/29/2026 Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 3 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-01/28/2026 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Loan is considered rural by appraiser and TPR. Provide confirmation that originator did not categorize the property as rural, if determined to be rural, additional findings may apply - Due Diligence Vendor-01/26/2026 |
Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 3 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-01/28/2026 |
Resolved-File contains documentation that Originator considered suburban . TPR and appraiser considered rural however, originator considered suburban. - Due Diligence Vendor-01/29/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 727 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 2138677 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-01-27 14:45 | 2026-02-04 15:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. udm for review please review all dates on the document. - Seller-02/02/2026 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. udm for review please review all dates on the document. - Seller-02/02/2026 |
Resolved-Received UDM. - Due Diligence Vendor-02/04/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.76 Required is 50 Borrower has 37.76 LTV is less than guideline maximum - Required is 80 Borrower has 55 Required is 80 Borrower has 55 Qualifying FICO score is at least 20 points above minimum for program - Required is 600 Borrower has 803 Required is 600 Borrower has 803 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138728 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2026-01-27 10:25 | 2026-02-02 09:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Received preliminary title and 24 month chain of title. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. Title report provided, please clear finding. - Seller-01/29/2026 Open-Title Document is missing Provide title documentation. Additional condition may apply - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. Title report provided, please clear finding. - Seller-01/29/2026 |
Resolved-Received preliminary title and 24 month chain of title. - Due Diligence Vendor-02/02/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 746 Required is 680 Borrower has 746 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138733 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-27 09:35 | 2026-02-02 09:10 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. DOT with legal description provided, please clear finding. - Seller-01/29/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. DOT with legal description provided, please clear finding. - Seller-01/29/2026 |
Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-02/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 724 is higher than the required 620 Required is 620 Borrower has 724 LTV is less than guideline maximum - LTV 60% is lower than maximum 80% Required is 80 Borrower has 60 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138717 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-27 10:20 | 2026-02-04 16:03 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. dot legal - Seller-02/02/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. dot legal - Seller-02/02/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 780 is higher than the required 720 Required is 720 Borrower has 780 Months Reserves exceed minimum required - 14.30 months reserves exceed required 3 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-01-22 10:03 | 2026-02-26 11:11 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved------Upon further review, finding resolved. - Due Diligence Vendor-02/26/2026 Ready for Review-The baseline amount for the Recording Fee on the final LE was $171.00. That set the baseline for the recording fee. The CD on XXXX disclosed a recording fee of $317.00, which would have created a $128.90 cure for the increase in the recording fee ($171.00 baseline + 10% = $188.10 tolerance amount and $317.00-$188.10 = $128.90 as the amount in excess of 10% tolerance). However, on the final CD on XXXX, title adjusted its calculation of the recording fee to $285.00, thus decreasing the cure to $285.00-$188.10 = $96.90. As the baseline for the fees and credits is set by the final LE, our baseline for the recording fee was set at $171.00. Since the final recording fee was $285.00, we properly cured $96.90 for the increase in the recording fee. When combined with the $50.00 zero tolerance cure for the increase in the Appraisal Fee, on the final CD, we properly cured a total of $146.90 in excess of existing lender credit for the two tolerance violations. - Seller-02/26/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($1,988.84) does not exceed or equal the comparable sum of specific and non-specific lender credits ($2,020.84). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $2020.84 to $1988.84 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $32, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/22/2026 |
Ready for Review-The baseline amount for the Recording Fee on the final LE was $171.00. That set the baseline for the recording fee. The CD on XXXX disclosed a recording fee of $317.00, which would have created a $128.90 cure for the increase in the recording fee ($171.00 baseline + 10% = $188.10 tolerance amount and $317.00-$188.10 = $128.90 as the amount in excess of 10% tolerance). However, on the final CD on XXXX, title adjusted its calculation of the recording fee to $285.00, thus decreasing the cure to $285.00-$188.10 = $96.90. As the baseline for the fees and credits is set by the final LE, our baseline for the recording fee was set at $171.00. Since the final recording fee was $285.00, we properly cured $96.90 for the increase in the recording fee. When combined with the $50.00 zero tolerance cure for the increase in the Appraisal Fee, on the final CD, we properly cured a total of $146.90 in excess of existing lender credit for the two tolerance violations. - Seller-02/26/2026 |
Resolved------Upon further review, finding resolved. - Due Diligence Vendor-02/26/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE7497 | 2026-01-28 08:08 | 2026-02-04 12:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-The lender confirmed the REO properties, owned free and clear, do not have HOI insurance. - Due Diligence Vendor-02/04/2026 Counter-Finding Remains....Client provided tax bill for XXXX however still missing HOI for XXXX and XXXX - Due Diligence Vendor-02/03/2026 Counter-Please provide HOI and re taxes as noted in finding for accurate reo expense consideration. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. Taxes for XXXX provided. Neither of the two properties in question have an open mortgage; therefore, proof of HOI is not required. Please clear finding. - Seller-01/30/2026 Open-Lender to provide the following: (1) Verification of property XXXX home-owners insurance. (2) Verification of taxes and insurance for property XXXX. Additional conditions may apply, pending review. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Taxes for XXXX provided. Neither of the two properties in question have an open mortgage; therefore, proof of HOI is not required. Please clear finding. - Seller-01/30/2026 |
Resolved-The lender confirmed the REO properties, owned free and clear, do not have HOI insurance. - Due Diligence Vendor-02/04/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-01-28 08:38 | 2026-02-04 12:26 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The lender confirmed the REO properties, owned free and clear, do not have HOI insurance. - Due Diligence Vendor-02/04/2026 Counter-Finding remains.... REO expenses still missing as stated in earlier finding - Due Diligence Vendor-02/03/2026 Counter-Pending reo expenses. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. SOS for XXXX and taxes for XXXX provided. Neither of the two properties in question have an open mortgage; therefore, proof of HOI is not required. Please clear finding. - Seller-01/30/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. (1) Lender to provide evidence of at least 2 years of self-employment as required per guidelines. (2) Missing documentation to verify full PITI(A) for REO props XXXX and XXXX. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. SOS for XXXX and taxes for XXXX provided. Neither of the two properties in question have an open mortgage; therefore, proof of HOI is not required. Please clear finding. - Seller-01/30/2026 |
Resolved-The lender confirmed the REO properties, owned free and clear, do not have HOI insurance. - Due Diligence Vendor-02/04/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1317 | 2026-01-28 14:48 | 2026-02-03 14:29 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Proof the borrower has been SE for over 24 months provided. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. SOS for XXXX, please clear finding. - Seller-01/30/2026 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Lender to provide evidence of at least 2 years of self-employment via a copy of the borrower's business license or a tax preparer letter meeting the requirements as laid out per guidelines. It should be noted that a copy of a XXXX of the borrower's business was provided in the loan file. However, XXXX (or other "third-party" materials) were not listed as eligible sources to use for employment verification. Additional conditions may apply, pending review. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. SOS for XXXX, please clear finding. - Seller-01/30/2026 |
Resolved-Proof the borrower has been SE for over 24 months provided. - Due Diligence Vendor-02/03/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3612 | 2026-01-22 10:03 | 2026-02-02 09:10 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Date Creditor Received Application Validation Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. CD issued XXXX along with confirmation of receipt provided. Please clear finding. - Seller-01/30/2026 Open-This loan failed the TRID initial closing disclosure date and date creditor received application validation test.This loan contains an initial closing disclosure receipt date (or initial closing disclosure delivery date if receipt date was not provided) that is before the date creditor received the application. Please review the loan data to ensure the dates are in the correct fields. ----- Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. CD issued XXXX along with confirmation of receipt provided. Please clear finding. - Seller-01/30/2026 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-02/02/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138654 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-01-22 10:03 | 2026-02-02 09:01 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved------Received borrower's acknowledgement of CD. Finding Resolved. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. CD issued XXXX with confirmation of delivery provided. Please clear finding. - Seller-01/30/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. CD issued XXXX with confirmation of delivery provided. Please clear finding. - Seller-01/30/2026 |
Resolved------Received borrower's acknowledgement of CD. Finding Resolved. - Due Diligence Vendor-02/02/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 63.3 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 757 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138655 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-01-22 09:53 | 2026-02-06 15:04 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received COC for lender decrease. - Due Diligence Vendor-02/06/2026 Ready for Review-Document Uploaded. Apologies, documents uploaded. - Seller-02/06/2026 Counter-----Document for COC XXXX was not uploaded. - Due Diligence Vendor-02/05/2026 Ready for Review-Provided the COC for XXXX and rate lock screen which shows pricing change from 101.00 to 100.125. Please clear finding. - Seller-02/04/2026 Counter-----Received COC dated XXXX, Lender credit decreased on CD XXXX. Need CD dated within 3 days of COC. Finding Remains. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. COC for lender credit provided. Please clear finding. - Seller-01/30/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($715.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($5,363.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $5,363.00 to $715.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $4,648.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. Apologies, documents uploaded. - Seller-02/06/2026 Ready for Review-Provided the COC for XXXX and rate lock screen which shows pricing change from 101.00 to 100.125. Please clear finding. - Seller-02/04/2026 Ready for Review-Document Uploaded. COC for lender credit provided. Please clear finding. - Seller-01/30/2026 |
Resolved-Received COC for lender decrease. - Due Diligence Vendor-02/06/2026 |
Qualifying DTI below maximum allowed - DTI 39.84% is lower than allowable 50% Required is 50 Borrower has 39.84 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 717 is higher than the required 680 Required is 680 Borrower has 717 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138655 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE0113 | 2026-01-28 08:33 | 2026-02-06 14:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Client provided Amended Appraisal and occupancy has been updated - Due Diligence Vendor-02/06/2026 Ready for Review-Document Uploaded. Appraisal amended to show correct occupancy, please clear finding. - Seller-02/06/2026 Counter-Finding remains....Appraisal is checked Vacant however it is obvious by the photos provided that the property is not vacant - Due Diligence Vendor-02/03/2026 Counter-Received occupancy statement. Appraisal reflects as vacant. Finding remains. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. The borrower did not occupy the property at the time the renovations were being performed. However, the borrower executed an occupancy statement indicating that he would occupy the property. Please clear finding. - Seller-01/30/2026 Open-The property shows Vacant, but the borrower has owned the property and is a cashout and was remolded, but has owned since XXXX. No comments from the appraiser that the property is O/O - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Appraisal amended to show correct occupancy, please clear finding. - Seller-02/06/2026 Ready for Review-Document Uploaded. The borrower did not occupy the property at the time the renovations were being performed. However, the borrower executed an occupancy statement indicating that he would occupy the property. Please clear finding. - Seller-01/30/2026 |
Resolved-Client provided Amended Appraisal and occupancy has been updated - Due Diligence Vendor-02/06/2026 |
Qualifying DTI below maximum allowed - DTI 39.84% is lower than allowable 50% Required is 50 Borrower has 39.84 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 717 is higher than the required 680 Required is 680 Borrower has 717 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138655 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE7806 | 2026-01-28 08:42 | 2026-02-06 14:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Client provided Inc Worksheet. Inc matches LM - Due Diligence Vendor-02/06/2026 Ready for Review-Document Uploaded. Final income worksheet provided. Please clear finding. - Seller-02/03/2026 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing The Borrower 1 Bank Statement Summary/Lender Worksheet is missing. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Final income worksheet provided. Please clear finding. - Seller-02/03/2026 |
Resolved-Client provided Inc Worksheet. Inc matches LM - Due Diligence Vendor-02/06/2026 |
Qualifying DTI below maximum allowed - DTI 39.84% is lower than allowable 50% Required is 50 Borrower has 39.84 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 717 is higher than the required 680 Required is 680 Borrower has 717 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138655 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE9488 | 2026-01-28 08:12 | 2026-02-03 10:12 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-Received notarized occupancy statement confirming subject as primary residence. - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. Executed occupancy statement provided, please clear finding. - Seller-01/30/2026 Open-Provide a signed and dated occupancy statement that will support the borrower is in the property since the living statement pg 371 shows lived rent free at another address, but no cash out ltr that shows back in the property and the appraisal shows as Vacant. The home was being remolded per statement pg 245. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Executed occupancy statement provided, please clear finding. - Seller-01/30/2026 |
Resolved-Received notarized occupancy statement confirming subject as primary residence. - Due Diligence Vendor-02/02/2026 |
Qualifying DTI below maximum allowed - DTI 39.84% is lower than allowable 50% Required is 50 Borrower has 39.84 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 717 is higher than the required 680 Required is 680 Borrower has 717 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138655 | XXXX | D | A | D | A | C | A | A | A | Closed | FPRO1249 | 2026-01-28 08:28 | 2026-02-02 15:49 | Resolved | 1 - Information | C | A | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Resolved- Originator states subject is not Rural based upon property is located 11 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up and also has public electricity. Given these characteristics, it was determined that this property is not rural per our guidelines. - Due Diligence Vendor-02/02/2026 Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 11 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-01/30/2026 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Loan is considered rural by appraiser and TPR. Provide confirmation that originator did not categorize the property as rural, if determined to be rural, additional findings may apply On more than five (5) acres of land, - Due Diligence Vendor-01/28/2026 |
Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 11 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-01/30/2026 |
Resolved- Originator states subject is not Rural based upon property is located 11 minutes from the XXXX XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up and also has public electricity. Given these characteristics, it was determined that this property is not rural per our guidelines. - Due Diligence Vendor-02/02/2026 |
Qualifying DTI below maximum allowed - DTI 39.84% is lower than allowable 50% Required is 50 Borrower has 39.84 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 717 is higher than the required 680 Required is 680 Borrower has 717 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 2138723 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9999 | 2026-01-27 16:26 | 2026-02-10 15:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Legal document incorrect or has issues | Resolved-Received settlement statements reflecting total payoff. - Due Diligence Vendor-02/10/2026 Ready for Review-Document Uploaded. please find both final FSS paying off blanket loan - Seller-02/09/2026 Open-The subject loan is one half of a transaction where a blanket loan is being paid off. Proof the blanket has been paid off and released is required. - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. please find both final FSS paying off blanket loan - Seller-02/09/2026 |
Resolved-Received settlement statements reflecting total payoff. - Due Diligence Vendor-02/10/2026 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. The borrower has 50.79 months of reserves. DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75. Borrower has 1.248. Required is 0.75 Borrower has 1.248 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138724 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9999 | 2026-01-27 16:58 | 2026-02-10 15:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Legal document incorrect or has issues | Resolved-Received final settlement statements for both properties confirming paid in full - Due Diligence Vendor-02/10/2026 Ready for Review-Document Uploaded. please find the fss for both loans, and blanket payoff - Seller-02/09/2026 Open-The subject loan is one half of a transaction where a blanket loan is being paid off. Proof the blanket has been paid off and released is required. - Due Diligence Vendor-01/27/2026 |
Ready for Review-Document Uploaded. please find the fss for both loans, and blanket payoff - Seller-02/09/2026 |
Resolved-Received final settlement statements for both properties confirming paid in full - Due Diligence Vendor-02/10/2026 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. The borrower has 51.29 months of reserves. DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75. Borrower has 1.248. Required is 0.75 Borrower has 1.248 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138749 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2026-01-28 12:35 | 2026-02-12 18:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-LOX for credit inquiries is present in file or not applicable. - Due Diligence Vendor-02/12/2026 Ready for Review-Document Uploaded. - Seller-02/12/2026 Ready for Review-Document Uploaded. Email from borrower stating the credit inquiries and cash out purpose provided. Please clear. - Seller-02/12/2026 Open-LOX for credit inquiries is missing. A letter of explanation regarding the inquiries was not provided - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. - Seller-02/12/2026 Ready for Review-Document Uploaded. Email from borrower stating the credit inquiries and cash out purpose provided. Please clear. - Seller-02/12/2026 |
Resolved-LOX for credit inquiries is present in file or not applicable. - Due Diligence Vendor-02/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 751 Required is 640 Borrower has 751 Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.63 Required is 50 Borrower has 40.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138749 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0184 | 2026-01-28 12:35 | 2026-02-12 18:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Rule False - Due Diligence Vendor-02/12/2026 Ready for Review-Document Uploaded. - Seller-02/12/2026 Ready for Review-Document Uploaded. Email from borrower stating the credit inquiries and cash out purpose provided. Please clear. - Seller-02/12/2026 Open-Missing Cash-out Letter on a Business Purpose Loan. A cash out letter was not provided - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. - Seller-02/12/2026 Ready for Review-Document Uploaded. Email from borrower stating the credit inquiries and cash out purpose provided. Please clear. - Seller-02/12/2026 |
Resolved-Rule False - Due Diligence Vendor-02/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 751 Required is 640 Borrower has 751 Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.63 Required is 50 Borrower has 40.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138749 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-01-28 12:22 | 2026-02-10 13:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received missing payment histories. - Due Diligence Vendor-02/10/2026 Ready for Review-Document Uploaded. Payments for December for XXXX, XXXX and XXXX provided as well as all payments for XXXX provided. Please clear finding. - Seller-02/06/2026 Open-Housing History Does Not Meet Guideline Requirements The housing history on the subject property XXXX, properties XXXX and XXXX only go up to XXXX. The housing history on property XXXX only goes up to XXXX. Updated housing history is required as the subject loan closed XXXX - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Payments for December for XXXX, XXXX and XXXX provided as well as all payments for XXXX provided. Please clear finding. - Seller-02/06/2026 |
Resolved-Received missing payment histories. - Due Diligence Vendor-02/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 751 Required is 640 Borrower has 751 Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.63 Required is 50 Borrower has 40.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138749 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-01-28 12:45 | 2026-02-10 13:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received Missing REO documentation. - Due Diligence Vendor-02/10/2026 Ready for Review-Document Uploaded. Taxes, HOI and HOA for XXXX provided. Taxes and HOI included in payment for XXXX, per LOE no HOA for this property. The 2 other properties shown on the LOE in question are in the name of the LLC and are not required to be listed on the 1003, data tree screenshot confirms vestee. Please clear finding. - Seller-02/06/2026 Open-1) Verification of the taxes, insurance and/or HOA for properties XXXX and XXXX were not identified in the file and are required. 2) The letter of explanation regarding the HOA indicates the borrower owns 2 additional properties. Documentation of the PITI for these properties along with payment histories were not identified in the file. Additional stipulations may apply. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Taxes, HOI and HOA for XXXX provided. Taxes and HOI included in payment for XXXX, per LOE no HOA for this property. The 2 other properties shown on the LOE in question are in the name of the LLC and are not required to be listed on the 1003, data tree screenshot confirms vestee. Please clear finding. - Seller-02/06/2026 |
Resolved-Received Missing REO documentation. - Due Diligence Vendor-02/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 751 Required is 640 Borrower has 751 Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.63 Required is 50 Borrower has 40.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138749 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2026-01-28 11:12 | 2026-02-03 10:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is fully Present - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Full prelim provided, please clear finding. - Seller-01/30/2026 Open-Title Document is missing The Title was not identified in the file. The original HUD-1 was used for the date of purchase and vesting. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Full prelim provided, please clear finding. - Seller-01/30/2026 |
Resolved-Title Document is fully Present - Due Diligence Vendor-02/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 751 Required is 640 Borrower has 751 Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.63 Required is 50 Borrower has 40.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138730 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0068 | 2026-01-28 09:52 | 2026-02-04 16:10 | Waived | 2 - Non-Material | C | B | Credit | Closing | Remaining Equity is less than $40,000 which does not meet guideline requirement | Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. credit exception - Seller-02/02/2026 Open-Remaining equity is less than $40,000 which does not meet guideline requirement. Minimum Equity Requirement $40,000 has NOT been met Loan amount XXXX and the appraisal value XXXX - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. credit exception - Seller-02/02/2026 |
Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-02/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 760 is higher than the required 720 Required is 720 Borrower has 760 Months Reserves exceed minimum required - 3 months required - borrower has 101.48 months reserves |
FICO: 760 Reserves: 225 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2141286 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-22 13:16 | 2026-02-04 16:05 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. - Seller-02/02/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. - Seller-02/02/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 |
LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 756 is higher than the required 660 Required is 660 Borrower has 756 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138697 | XXXX | C | A | C | A | A | A | C | A | Closed | FCRE6843 | 2026-01-28 15:33 | 2026-02-20 17:48 | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-Received clarification on the EMD discrepancy. - Due Diligence Vendor-02/19/2026 Ready for Review-due dill is mentioned in the contract for part of the deposit, this not for anything else on file. please clear. - Seller-02/18/2026 Counter-Two Cashier checks provide. The Memo for 1 is for the EMD in the amount of $1,500.00. The Cashier check states in the Memo Due Diligence. Please clarify or provided the second XXXX of the EMD. - Due Diligence Vendor-02/13/2026 Ready for Review-Document Uploaded. please find - Seller-02/11/2026 Open-Missing verification to document the 2nd half of the EMD deposit of $1,500 ($3,000 total). Received a copy of 2 cashier's checks for $1,500 each - one was for half of the EMD and the other was the Due Diligence fee - Due Diligence Vendor-01/28/2026 |
Ready for Review-due dill is mentioned in the contract for part of the deposit, this not for anything else on file. please clear. - Seller-02/18/2026 Ready for Review-Document Uploaded. please find - Seller-02/11/2026 |
Resolved-Received clarification on the EMD discrepancy. - Due Diligence Vendor-02/19/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 748 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2138697 | XXXX | C | A | C | A | A | A | C | A | Closed | FVAL2477 | 2026-01-28 15:43 | 2026-02-13 17:52 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal incomplete (missing map, layout, pages, etc.) | Resolved-Received Revised Appraisal. Appraiser state common and typical for the area. - Due Diligence Vendor-02/13/2026 Ready for Review-Document Uploaded. please find updated appraisal with comments - Seller-02/12/2026 Open-Missing comment from appraiser if log style homes are typical for the area - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. please find updated appraisal with comments - Seller-02/12/2026 |
Resolved-Received Revised Appraisal. Appraiser state common and typical for the area. - Due Diligence Vendor-02/13/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 748 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2138697 | XXXX | C | A | C | A | A | A | C | A | Closed | FCRE6844 | 2026-01-28 15:30 | 2026-02-13 17:47 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Received wire receipt. - Due Diligence Vendor-02/13/2026 Ready for Review-Document Uploaded. please find the gift funds wire - Seller-02/11/2026 Open-Missing evidence of gift funds wire from donor to closing for $20,500 - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. please find the gift funds wire - Seller-02/11/2026 |
Resolved-Received wire receipt. - Due Diligence Vendor-02/13/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 748 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2138716 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2026-01-28 13:39 | 2026-02-09 12:39 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Client provided Release of Condemnation - Due Diligence Vendor-02/09/2026 Ready for Review-Document Uploaded. please find the doc showing satisfied. - Seller-02/05/2026 Open-Property Title Issue The Title Report, Requirements Item 10 reflects that satisfaction and release of record order of condemnation is required. The file does not contain a documentation to verify that this has been satisfied. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. please find the doc showing satisfied. - Seller-02/05/2026 |
Resolved-Client provided Release of Condemnation - Due Diligence Vendor-02/09/2026 |
Months Reserves exceed minimum required - Borrower has 110 months reserves. Guidelines require 3 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 738 Required is 680 Borrower has 738 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2141285 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1492 | 2026-01-28 15:35 | 2026-02-13 14:50 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator Waiver applied to Non-Material Finding with Comp Factors - Cash Out > $500k - Due Diligence Vendor-02/13/2026 Ready for Review-Document Uploaded. Credit exception was granted. Please clear finding. - Seller-02/02/2026 Open-Cash Out Does Not Meet Guideline Requirements Guidelines state maximum cash-out for an LTV > 65% is $500,000. Subject LTV is XX. Borrower received XXXX in cash proceeds. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. Credit exception was granted. Please clear finding. - Seller-02/02/2026 |
Waived-Originator Waiver applied to Non-Material Finding with Comp Factors - Cash Out > $500k - Due Diligence Vendor-02/13/2026 |
Qualifying DTI below maximum allowed - Required is 50. Borrower has 25.43. Required is 50 Borrower has 25.43 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743; min score 700. Required is 680 Borrower has 743 |
Top Tier Fico Low DTI |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2141285 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE0075 | 2026-01-29 08:28 | 2026-02-12 11:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration | Resolved-Letter of explanation was provided from the borrower. All debts were disclosed. - Due Diligence Vendor-02/12/2026 Ready for Review-Document Uploaded. LOE for item F on the 1003 provided. Please clear. - Seller-02/11/2026 Counter-Reviewed 1003 - BLANK except for Declarations Page. Dated PRIOR to Final 1003 and Signature does not match. Please provide LOE from Borrower and/or documentation for Co-signed Debt. - Due Diligence Vendor-02/09/2026 Ready for Review-Document Uploaded. Executed 1003 item F is marked No. Please clear finding. - Seller-02/09/2026 Counter-Finding Remains.... Per borrowers final 1003 F in declarations is marked Yes. Please provide documentation supporting debt not disclosed on Application - Due Diligence Vendor-02/03/2026 Ready for Review-In XXXX, one spouse can apply for a mortgage or loan individually based on their own creditworthiness, but the non-borrowing spouse must sign the mortgage documents (deed of trust) to waive homestead rights. XXXX signed the documents, please clear finding. - Seller-02/02/2026 Open-CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. LOE for item F on the 1003 provided. Please clear. - Seller-02/11/2026 Ready for Review-Document Uploaded. Executed 1003 item F is marked No. Please clear finding. - Seller-02/09/2026 Ready for Review-In XXXX, one spouse can apply for a mortgage or loan individually based on their own creditworthiness, but the non-borrowing spouse must sign the mortgage documents (deed of trust) to waive homestead rights. XXXX signed the documents, please clear finding. - Seller-02/02/2026 |
Resolved-Letter of explanation was provided from the borrower. All debts were disclosed. - Due Diligence Vendor-02/12/2026 |
Qualifying DTI below maximum allowed - Required is 50. Borrower has 25.43. Required is 50 Borrower has 25.43 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743; min score 700. Required is 680 Borrower has 743 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2141285 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3532 | 2026-01-23 11:26 | 2026-02-03 11:28 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved------Received proof of borrower's receipt. Finding Resolved. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Confirmation of delivery for CD issued XXXX provided. Please clear finding. - Seller-02/02/2026 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. -----Please provide evidence that the borrower acknowledged the revised closing disclosure 3 days prior to consummation. - Due Diligence Vendor-01/23/2026 |
Ready for Review-Document Uploaded. Confirmation of delivery for CD issued XXXX & XXXX provided. Please clear finding. - Seller-02/02/2026 |
Resolved------Received proof of borrower's receipt. Finding Resolved. - Due Diligence Vendor-02/03/2026 |
Qualifying DTI below maximum allowed - Required is 50. Borrower has 25.43. Required is 50 Borrower has 25.43 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743; min score 700. Required is 680 Borrower has 743 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2141285 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3652 | 2026-01-23 11:26 | 2026-02-03 11:28 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-----Received acknowledge for decrease in fees. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. COC for lender credit provided, please clear finding. - Seller-02/02/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($12,565.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($12,800.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $12,800 to $12,565 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $235.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/23/2026 |
Ready for Review-Document Uploaded. COC for lender credit provided, please clear finding. - Seller-02/02/2026 |
Resolved-----Received acknowledge for decrease in fees. - Due Diligence Vendor-02/03/2026 |
Qualifying DTI below maximum allowed - Required is 50. Borrower has 25.43. Required is 50 Borrower has 25.43 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743; min score 700. Required is 680 Borrower has 743 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2141285 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3634 | 2026-01-23 11:26 | 2026-02-03 11:28 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved------Received acknowledgement of change in fees. Finding Resolved. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. COC for the rate lock extension provided. Please clear finding. - Seller-02/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $2,425.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $2340.00 (Rate Lock Extension) without a valid COC in file. Lender credit in the amount of $85.00 was issued on Final CD for increase in Appraisal Fee. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2340.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-01/23/2026 |
Ready for Review-Document Uploaded. COC for the rate lock extension provided. Please clear finding. - Seller-02/02/2026 |
Resolved------Received acknowledgement of change in fees. Finding Resolved. - Due Diligence Vendor-02/03/2026 |
Qualifying DTI below maximum allowed - Required is 50. Borrower has 25.43. Required is 50 Borrower has 25.43 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743; min score 700. Required is 680 Borrower has 743 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138719 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | |||||||||||||||||
| XXXX | 2138701 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2026-01-28 17:06 | 2026-02-09 14:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Per Settlement Statement - loan closed XXXX - Due Diligence Vendor-02/09/2026 Ready for Review-Document Uploaded. FSS showing the settlement and disbursement date XXXX, please clear finding. - Seller-02/09/2026 Open-Final 1003 was signed by the borrower on XXXX, loan closed on XXXX. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. FSS showing the settlement and disbursement date XXXX, please clear finding. - Seller-02/09/2026 |
Resolved-Per Settlement Statement - loan closed XXXX - Due Diligence Vendor-02/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 744 Months Reserves exceed minimum required - 3 months required, 64 months verified. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138701 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0184 | 2026-01-28 14:27 | 2026-02-03 10:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Client provided Cash Out letter - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Copy of email email regarding intention of cash out provided. Please clear finding. - Seller-02/02/2026 Open-Missing Cash-out Letter on a Business Purpose Loan. A Cash out letter was not identified in the file. - Due Diligence Vendor-01/28/2026 |
Ready for Review-Document Uploaded. Copy of email email regarding intention of cash out provided. Please clear finding. - Seller-02/02/2026 |
Resolved-Client provided Cash Out letter - Due Diligence Vendor-02/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 744 Months Reserves exceed minimum required - 3 months required, 64 months verified. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138713 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1441 | 2026-01-29 09:08 | 2026-03-10 11:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Resolved-Upon further review, Charged-off Second guideline requirements have been met. - Due Diligence Vendor-03/10/2026 Ready for Review-Per XXXX guidelines 6.10 (d) "At its discretion, XXXX may choose to treat a second mortgage that has been charged-off or inactive for more than 3 years as a consumer account and not a mortgage rating. The charged-off second mortgage must be paid through the loan. Documentation must be provided to document that the account has been charged-off or inactive. Additionally, the borrower must provide a Letter of Explanation regarding the second." This is a charged off second being collected by a collection agency. The second is being paid off through the loan and the borrower provided an LOE. Please clear finding. - Seller-03/10/2026 Counter-VOM from XXXX clearly states that borrower was late 12 time in the past 12 months. Appears to be rolling late. GL specifically speaks to late payments, Exception will be needed to clear this finding - Due Diligence Vendor-03/06/2026 Ready for Review-Document Uploaded. - Seller-03/04/2026 Ready for Review-Document Uploaded. Payment history provided, please clear. - Seller-03/04/2026 Counter-Finding remains...Provide 6 months of bank statements or cancelled checks reflecting payments made. Original creditor was XXXX, this does not appear on CR. Other conditions may apply - Due Diligence Vendor-02/09/2026 Ready for Review-XXXX went out of business, and the loan matured on XXXX. After maturity loan servicing ceased; however, the lien remained of record. The borrower subsequently began making payments in an effort to obtain a lien release. Since the loan's maturity, the VOM does not disclose any payments received. Please clear finding. - Seller-02/06/2026 Open-Delinquent Credit History Does Not Meet Guideline Requirements The current second lien on the subject property is due for the XXXX payment. The borrower has a letter of explanation in the file that states he was not aware there was a second lien when he made the original transaction. The explanation states the borrower is now paying since XXXX however the verification of mortgage does not verify this. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Per XXXX guidelines 6.10 (d) "At its discretion, XXXX may choose to treat a second mortgage that has been charged-off or inactive for more than 3 years as a consumer account and not a mortgage rating. The charged-off second mortgage must be paid through the loan. Documentation must be provided to document that the account has been charged-off or inactive. Additionally, the borrower must provide a Letter of Explanation regarding the second." This is a charged off second being collected by a collection agency. The second is being paid off through the loan and the borrower provided an LOE. Please clear finding. - Seller-03/10/2026 Ready for Review-Document Uploaded. - Seller-03/04/2026 Ready for Review-Document Uploaded. Payment history provided, please clear. - Seller-03/04/2026 Ready for Review-XXXX went out of business, and the loan matured on XXXX. After maturity loan servicing ceased; however, the lien remained of record. The borrower subsequently began making payments in an effort to obtain a lien release. Since the loan's maturity, the VOM does not disclose any payments received. Please clear finding. - Seller-02/06/2026 |
Resolved-Upon further review, Charged-off Second guideline requirements have been met. - Due Diligence Vendor-03/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 705 Required is 620 Borrower has 705 LTV is less than guideline maximum - Required is 75 Borrower has 60 Required is 75 Borrower has 60 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138713 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-01-29 09:08 | 2026-03-10 11:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Upon further review, Charged-off Second guideline requirements have been met. - Due Diligence Vendor-03/10/2026 Ready for Review-Per XXXX guidelines 6.10 (d) "At its discretion, XXXX may choose to treat a second mortgage that has been charged-off or inactive for more than 3 years as a consumer account and not a mortgage rating. The charged-off second mortgage must be paid through the loan. Documentation must be provided to document that the account has been charged-off or inactive. Additionally, the borrower must provide a Letter of Explanation regarding the second." This is a charged off second being collected by a collection agency. The second is being paid off through the loan and the borrower provided an LOE. Please clear finding. - Seller-03/10/2026 Counter-VOM from XXXX clearly states that borrower was late 12 time in the past 12 months. Appears to be rolling late - Due Diligence Vendor-03/06/2026 Ready for Review-Document Uploaded. Payment history provided, please clear. - Seller-03/04/2026 Counter-Finding remains...Provide 6 months of bank statements or cancelled checks reflecting payments made - Due Diligence Vendor-02/09/2026 Ready for Review-XXXX went out of business, and the loan matured on XXXX. After maturity loan servicing ceased; however, the lien remained of record. The borrower subsequently began making payments in an effort to obtain a lien release. Since the loan's maturity, the VOM does not disclose any payments received. Please clear finding. - Seller-02/06/2026 Open-Housing History Does Not Meet Guideline Requirements The current second lien on the subject property is due for the XXXX payment. The borrower has a letter of explanation in the file that states he was not aware there was a second lien when he made the original transaction. The explanation states the borrower is now paying since XXXX however the verification of mortgage does not verify this. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Per XXXX guidelines 6.10 (d) "At its discretion, XXXX may choose to treat a second mortgage that has been charged-off or inactive for more than 3 years as a consumer account and not a mortgage rating. The charged-off second mortgage must be paid through the loan. Documentation must be provided to document that the account has been charged-off or inactive. Additionally, the borrower must provide a Letter of Explanation regarding the second." This is a charged off second being collected by a collection agency. The second is being paid off through the loan and the borrower provided an LOE. Please clear finding. - Seller-03/10/2026 Ready for Review-Document Uploaded. Payment history provided, please clear. - Seller-03/04/2026 Ready for Review-XXXX went out of business, and the loan matured on XXXX. After maturity loan servicing ceased; however, the lien remained of record. The borrower subsequently began making payments in an effort to obtain a lien release. Since the loan's maturity, the VOM does not disclose any payments received. Please clear finding. - Seller-02/06/2026 |
Resolved-Upon further review, Charged-off Second guideline requirements have been met. - Due Diligence Vendor-03/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 705 Required is 620 Borrower has 705 LTV is less than guideline maximum - Required is 75 Borrower has 60 Required is 75 Borrower has 60 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138732 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE0068 | 2026-01-29 13:27 | 2026-02-17 14:47 | Waived | 2 - Non-Material | C | B | Credit | Closing | Remaining Equity is less than $40,000 which does not meet guideline requirement | Waived-Originator Waiver applied to Non-Material Finding - Remaining equity is less than $40,000 - Due Diligence Vendor-02/17/2026 Ready for Review-Document Uploaded. exception please clear. - Seller-02/12/2026 Open-Remaining equity is less than $40,000 which does not meet guideline requirement. $39,000 remaining equity is less than the required $40,000. No exception was identified in the file. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. exception please clear. - Seller-02/12/2026 |
Waived-Originator Waiver applied to Non-Material Finding - Remaining equity is less than $40,000 - Due Diligence Vendor-02/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 71.94 |
LTV = 75% FICO = 749 # of Tradelines = 6 Open Years at Present Address = 2.2 Years Benefit to Borrwer = Cash Out |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2138732 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8887 | 2026-01-26 08:38 | 2026-02-17 14:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received updated 1003 - Due Diligence Vendor-02/17/2026 Ready for Review-Document Uploaded. section M completed please clear. - Seller-02/12/2026 Open-Declarations 5 M. incomplete. - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. section M completed please clear. - Seller-02/12/2026 |
Resolved-Received updated 1003 - Due Diligence Vendor-02/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 71.94 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138732 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE9999 | 2026-01-29 11:59 | 2026-02-17 14:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | Legal document incorrect or has issues | Resolved-Final Title Policy received indicating all liens paid - Due Diligence Vendor-02/17/2026 Ready for Review-Document Uploaded. ftp is uploaded loan is paid off and cleared of liens please clear. - Seller-02/13/2026 Open-1) The Payoff letter in file shows an incorrect address - An updated payoff showing the correct property address is required. 2) The subject loan is the refinance of a cross collateral loan. Provide documentation prior liens paid off and released. Additional conditions may apply. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. ftp is uploaded loan is paid off and cleared of liens please clear. - Seller-02/13/2026 |
Resolved-Final Title Policy received indicating all liens paid - Due Diligence Vendor-02/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 71.94 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138732 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1254 | 2026-01-29 13:19 | 2026-02-17 14:41 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Final Title Policy received indicating all liens paid - Due Diligence Vendor-02/17/2026 Ready for Review-Document Uploaded. please find the ftp and clear finding all loans and liens are paid off. - Seller-02/13/2026 Open-Property Title Issue Schedule B, part I item 6 shows a loan with a different loan amount and date from the note in file from the previous paid off lien. The lender is the same. The discrepancy needs addressing, additionally a chain of title. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. please find the ftp and clear finding all loans and liens are paid off. - Seller-02/13/2026 |
Resolved-Final Title Policy received indicating all liens paid - Due Diligence Vendor-02/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 71.94 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138722 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0068 | 2026-01-29 15:08 | 2026-02-04 16:15 | Waived | 2 - Non-Material | C | B | Credit | Closing | Remaining Equity is less than $40,000 which does not meet guideline requirement | Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. credit exception - Seller-02/02/2026 Open-Remaining equity is less than $40,000 which does not meet guideline requirement. - Due Diligence Vendor-01/29/2026 |
Ready for Review-Document Uploaded. credit exception - Seller-02/02/2026 |
Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-02/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 749 Months Reserves exceed minimum required - 3 months required subject 84.25 months |
FICO: 749 Residence: over 2 years at primary residence. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2138690 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-26 08:52 | 2026-02-04 16:17 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. dot with legal - Seller-02/02/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description. - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. dot with legal - Seller-02/02/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-02/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 741 is higher than the required 640 Required is 640 Borrower has 741 LTV is less than guideline maximum - LTV 75% is lower than maximum 80% Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2138704 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | XXXX | |||||||||||||||||
| XXXX | 2138744 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | |||||||||||||||||
| XXXX | 2142194 | XXXX | C | B | C | A | C | B | A | A | Closed | finding-3635 | 2026-03-03 13:21 | 2026-03-09 10:36 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-----Received copy of Service provider list. Finding Resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. SPL - Seller-03/04/2026 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($4,382.00) exceed the comparable charges ($3,409.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----Ten (10%) tolerance fees (Search fee, Settlement closing fee, EDoc fee, Overnight fee, Service fee, Title Updates fee, Endorsement fee, and Wire Transfer fee) increased by $1,123.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $632.10, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. Unable to test properly at this time, missing SPL, please provide. Additional findings may apply upon receipt. - Due Diligence Vendor-03/03/2026 |
Ready for Review-Document Uploaded. SPL - Seller-03/04/2026 |
Resolved-----Received copy of Service provider list. Finding Resolved. - Due Diligence Vendor-03/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.33 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2142194 | XXXX | C | B | C | A | C | B | A | A | Closed | FCOM1978 | 2026-03-03 14:02 | 2026-03-09 10:34 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Received signed intent to proceed. Finding Resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. intent to proceed - Seller-03/04/2026 Open-There are fees on the final CD that are POC and borrower's signed intent to proceed is missing from file. - Due Diligence Vendor-03/03/2026 |
Ready for Review-Document Uploaded. intent to proceed - Seller-03/04/2026 |
Resolved-Received signed intent to proceed. Finding Resolved. - Due Diligence Vendor-03/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.33 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2142194 | XXXX | C | B | C | A | C | B | A | A | Closed | FCRE0025 | 2026-03-03 13:09 | 2026-03-06 16:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Resolved-Received revised post close 1003. Lender mistake. - Due Diligence Vendor-03/06/2026 Ready for Review-Document Uploaded. that selection on the 1003 was a mistake on our end... please see enclosed corrected 1003 - Seller-03/05/2026 Open-Borrower is party to a lawsuit according to the 1003 declarations. - Due Diligence Vendor-03/03/2026 |
Ready for Review-Document Uploaded. that selection on the 1003 was a mistake on our end... please see enclosed corrected 1003 - Seller-03/05/2026 |
Resolved-Received revised post close 1003. Lender mistake. - Due Diligence Vendor-03/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.33 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2142194 | XXXX | C | B | C | A | C | B | A | A | Closed | FCOM1301 | 2026-03-03 14:36 | 2026-03-03 14:36 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Missing required Home Loan Toolkit disclosure. - Due Diligence Vendor-03/03/2026 | Waived-The Home Loan Toolkit disclosure is missing. Missing required Home Loan Toolkit disclosure. - Due Diligence Vendor-03/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.33 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | 2029620 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3635 | 2026-03-04 16:08 | 2026-03-10 09:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-03/10/2026 Ready for Review-Document Uploaded. Final CD provided by lender, which shows the refund on the bottom of page 2. - Due Diligence Vendor-03/09/2026 Counter-Received COC for increase on Cd XXXX, but not for the Increase on CD XXXX. Ten (10%) tolerance fees Recording Fees increased by $6.50 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $6.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. recording fees coc - Seller-03/06/2026 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($215.50) exceed the comparable charges ($166.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Ten (10%) tolerance fees Recording Fees increased by $49.50 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $32.90, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-03/04/2026 |
Ready for Review-Document Uploaded. recording fees coc - Seller-03/06/2026 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-03/10/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 18.8 Required is 50 Borrower has 18.8 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2029620 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE0197 | 2026-03-05 13:57 | 2026-03-09 16:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received final seller settlement statement. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. alta signed by sellers - Seller-03/06/2026 Open-The Final SELLER CD/HUD is missing. Copy of Seller CD missing seller's signatures - Due Diligence Vendor-03/05/2026 |
Ready for Review-Document Uploaded. alta signed by sellers - Seller-03/06/2026 |
Resolved-Received final seller settlement statement. - Due Diligence Vendor-03/09/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 18.8 Required is 50 Borrower has 18.8 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2029620 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3532 | 2026-03-04 16:08 | 2026-03-09 10:16 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved-Received copy of borrower receipt. Finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. disclosure tracking and e consent - Seller-03/06/2026 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. ----- Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-03/04/2026 |
Ready for Review-Document Uploaded. disclosure tracking and e consent - Seller-03/06/2026 |
Resolved-Received copy of borrower receipt. Finding resolved. - Due Diligence Vendor-03/09/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 18.8 Required is 50 Borrower has 18.8 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2029620 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3526 | 2026-03-04 16:23 | 2026-03-09 10:16 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Loan Estimate Delivery Date Test (prior to consummation) | Resolved-Received copy of borrower receipt. Finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. disclosure tracking and e consent - Seller-03/06/2026 Open-This loan failed the revised loan estimate delivery date test (prior to consummation) due to one of the following findings: ( 12 CFR §1026.19(e)(4)(ii) )The revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised loan estimate delivery date is less than seven business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised loan estimate delivery date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate receipt date is provided and the revised loan estimate receipt date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate delivery date is on or after the initial closing disclosure delivery date.The creditor shall not provide a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i). The consumer must receive a revised version of the disclosures required under §1026.19(e)(1)(i) not later than four business days prior to consummation. If the revised version of the disclosures required §1026.19(e)(1)(i) is not provided to the consumer in person, the consumer is considered to have received such version three business days after the creditor delivers or places such version in the mail. - Due Diligence Vendor-03/04/2026 |
Ready for Review-Document Uploaded. disclosure tracking and e consent - Seller-03/06/2026 |
Resolved-Received copy of borrower receipt. Finding resolved. - Due Diligence Vendor-03/09/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 18.8 Required is 50 Borrower has 18.8 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2029620 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE8201 | 2026-03-05 14:14 | 2026-03-05 17:58 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted to allow non-warrantable condo due to limits on windstorm coverage. Non-material waiver applied with comp factors. - Due Diligence Vendor-03/05/2026 Open-Lender Exception provided for non-warrantable condo due to limits on windstorm coverage - Due Diligence Vendor-03/05/2026 |
Waived-Client exception granted to allow non-warrantable condo due to limits on windstorm coverage. Non-material waiver applied with comp factors. - Due Diligence Vendor-03/05/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 18.8 Required is 50 Borrower has 18.8 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 |
Loan To Value 10%or more under requirement Total Debt 10%ormoreunder requirement Residual Income $3K or more |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | ||
| XXXX | 2142193 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1324 | 2026-03-09 11:25 | 2026-03-13 17:08 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Tax Returns Not Signed | Resolved-Received sign tax returns. - Due Diligence Vendor-03/13/2026 Ready for Review-Document Uploaded. signed returns - Seller-03/12/2026 Open-Borrower 1 Tax Returns Not Signed - Due Diligence Vendor-03/09/2026 |
Ready for Review-Document Uploaded. signed returns - Seller-03/12/2026 |
Resolved-Received sign tax returns. - Due Diligence Vendor-03/13/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.97 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 777 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2142193 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1443 | 2026-03-09 12:03 | 2026-03-11 16:23 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Expired | Resolved-Received updated printout. - Due Diligence Vendor-03/11/2026 Ready for Review-Document Uploaded. the following was in our file XXXX asset balance used is as per XXXX statement provided. XXXX asset balance used is as per XXXX printout provided. - Seller-03/10/2026 Open-Asset 2 Expired asset is 122 days old - max is 120 - Due Diligence Vendor-03/10/2026 |
Ready for Review-Document Uploaded. the following was in our file XXXX asset balance used is as per XXXX statement provided. XXXX asset balance used is as per XXXX printout provided. - Seller-03/10/2026 |
Resolved-Received updated printout. - Due Diligence Vendor-03/11/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.97 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 777 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2142192 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-03-09 18:11 | 2026-03-12 16:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received credit refresh. - Due Diligence Vendor-03/12/2026 Ready for Review-Document Uploaded. GAP credit - Seller-03/10/2026 Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing, additional finding may apply. - Due Diligence Vendor-03/09/2026 |
Ready for Review-Document Uploaded. GAP credit - Seller-03/10/2026 |
Resolved-Received credit refresh. - Due Diligence Vendor-03/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 739 LTV is less than guideline maximum - Required is 85 Borrower has 72.6 Qualifying DTI below maximum allowed - Required is 50 Borrower has 20.2 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7011 | 2026-03-18 10:35 | 2026-03-26 17:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Received evidence of sufficient Rent Loss. - Due Diligence Vendor-03/26/2026 Ready for Review-Document Uploaded. Income protection = property income (ie.: rent). 50k coverage is more than 6 months of rent. - Seller-03/25/2026 Counter-Received policy reflecting $50k income protection limit. Insufficient rent loss coverage as 6 months coverage required. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. rent loss is 50k - Seller-03/20/2026 Open-Rent Loss Coverage is Insufficient or Missing. - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. Income protection = property income (ie.: rent). 50k coverage is more than 6 months of rent. - Seller-03/25/2026 Ready for Review-Document Uploaded. rent loss is 50k - Seller-03/20/2026 |
Resolved-Received evidence of sufficient Rent Loss. - Due Diligence Vendor-03/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-03-18 10:35 | 2026-03-26 17:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received HOI premium and reflecting paid on settlement statement. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing premium amount on Declarations page - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received HOI premium and reflecting paid on settlement statement. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-03-18 10:40 | 2026-03-23 17:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-All Interested Parties Not Checked with Exclusionary Lists missing title; title company - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1204 | 2026-03-18 10:40 | 2026-03-23 17:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Fraud Report Shows Uncleared Alerts high alerts - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2026-03-18 07:52 | 2026-03-23 17:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received final settlement statement - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Closing Detail Statement Document is Missing - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received final settlement statement - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1182 | 2026-03-18 11:01 | 2026-03-23 16:51 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received underwriting summary. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received underwriting summary. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2142191 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2026-03-20 12:54 | 2026-03-24 14:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted to allow the subject loan amount of XXXX, which is below the minimum required. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-03/24/2026 Ready for Review-Document Uploaded. loan amount exception - Seller-03/23/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 - Due Diligence Vendor-03/23/2026 |
Ready for Review-Document Uploaded. loan amount exception - Seller-03/23/2026 |
Waived-Originator exception granted to allow the subject loan amount of XXXX, which is below the minimum required. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-03/24/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.23 Required is 50 Borrower has 27.23 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 718 Required is 680 Borrower has 718 |
FICO required is 680 Borrower has 718 27.23% DTI with 50% max 75% LTV with 80% max |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | 2142191 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0104 | 2026-03-23 10:38 | 2026-03-23 10:41 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Prepayment Penalty is not allowed | Waived-Originator exception granted to allow PP in XXXX, Non-material waiver applied with comp factors. non-material due to FICO and DTI. - Due Diligence Vendor-03/23/2026 Open-XXXX Permitted only on C-Corp and S-Corp legal entities***This new rule appies to loans with a Note date AFTER XXXX *** See XX Prepayment Penalty Guide for Grading and what finding to use on the word document Finding comment: Per XXXX a prepayment penalty may only be applied to corporations, C-Corp and S-Corp specifically. Under XXXX Law a prepayment penalty is not permitted to be charged to an LLC "If loan closed in a business entity or Trust, the finding is waived to a 2/B. Finding comment: Waiver applied to non-material finding. Loan closed in entity name. PPP are still NOT allowed on individually held loans; we would fire Prepayment Penalty is not allowed. This one CANNOT be cured COMMENT: Prepayment Penalty is not allowed. Loan close Individually. A PPP cannot be applied to an individual or LLC in XXXX, only on a C-Corp or S-Corp. " XXXX Not Permitted Loan amounts <$112,925 (for 2025) and permitted only on 3-4 residential units. Loan amount rerstriction does not apply to 5+units ***Check guidelines as some Lenders do not allow PPPs in this state XXXX Requires state specific notive to borrower to be disclosed in the Note, Note Addendum or prepayment penalty rider ***Should the Note/Mortgage/Rider contain the 'Governing Laws' paragraph, the specific language is not needed to be present XXXX requires specific language: Do not sign this loan agreement before you read it. This loan agreement provides for the payment of a penalty if you wish to repay the loan prior to the date provided for repayment in the loan agreement. XXXX PPP is permissible on business purpose loans. For 1-2 units loan amount =>$319,777. For 3-4 units and 5+ units loan amount restriction does not apply. XXXX Max is 2% within the first 12 months only ***Check guidelines as some Lenders do not allow PPPs in this state Lenders may exceed this limitation as long it does not exceed 60 months. ***Check Lender guidelines as some lenders do not allow PPPs in this state XXXX Allowable on Purchase and Non-Homestead Refinances XXXX PPP is permissible up to 5 years on Business Purpose loans only XXXX Permitted on fixed rate loans only Loan In all other states not reflected above and are a Primary or Second home, please escalate for additional review if the file contains evidence of a prepayment penalty - Due Diligence Vendor-03/23/2026 |
Waived-Originator exception granted to allow PP in XXXX, Non-material waiver applied with comp factors. non-material due to FICO and DTI. - Due Diligence Vendor-03/23/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.23 Required is 50 Borrower has 27.23 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 718 Required is 680 Borrower has 718 |
FICO - DTI | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2154556 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2026-04-08 15:17 | 2026-04-10 10:58 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received Business Entity Documentation - Due Diligence Vendor-04/10/2026 Ready for Review-Document Uploaded. - Seller-04/08/2026 Open-The Business Entity Formation Document is Missing. Missing Entity documents authorizing the guarantor to execute loan documents on behalf of the entity (e.g.,Resolution documentation (due to layered entities) Certificate of Authorization, etc.). If not available, a Borrowing Certificate is required. - Due Diligence Vendor-04/08/2026 |
Ready for Review-Document Uploaded. - Seller-04/08/2026 |
Resolved-Received Business Entity Documentation - Due Diligence Vendor-04/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 777 LTV is less than guideline maximum - Required is 75 Borrower has 65 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2154555 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX |