Loan Number
Seller Loan Number
Originator
Last Name
Note Date
Original Balance
State
TPR QM ATR Status
Loan Status
Exception Date
Remediation Status
Exception ID
Exception Type
Exception Category
Exceptions
Exception Rebuttal
Exception Rebuttal Date
Exception Rebuttal Response
Exception Rebuttal Response Date
Compensating Factors
Initial Overall Loan Grade
Final Overall Loan Grade
Initial Exception Grade
Final Exception Grade
Initial Credit Grade
Final Credit Grade
Initial Property Valuation Grade
Final Property Valuation Grade
Initial Compliance Grade
Final Compliance Grade
Initial Overall Grade (DBRS/Morningstar)
Initial Credit Grade (DBRS/Morningstar)
Initial Property Valuation Grade (DBRS/Morningstar)
Initial Compliance Grade (DBRS/Morningstar)
Initial Overall Grade (Fitch)
Initial Credit Grade (Fitch)
Initial Property Valuation Grade (Fitch)
Initial Compliance Grade (Fitch)
Initial Overall Grade (Kroll)
Initial Credit Grade (Kroll)
Initial Property Valuation Grade (Kroll)
Initial Compliance Grade (Kroll)
Initial Overall Grade (Moodys)
Initial Credit Grade (Moodys)
Initial Property Valuation Grade (Moodys)
Initial Compliance Grade (Moodys)
Initial Overall Grade (S&P)
Initial Credit Grade (S&P)
Initial Property Valuation Grade (S&P)
Initial Compliance Grade (S&P)
Final Overall Grade (DBRS/Morningstar)
Final Credit Grade (DBRS/Morningstar)
Final Property Grade (DBRS/Morningstar)
Final Compliance Grade (DBRS/Morningstar)
Final Overall Grade (Fitch)
Final Credit Grade (Fitch)
Final Property Grade (Fitch)
Final Compliance Grade (Fitch)
Final Overall Grade (Kroll)
Final Credit Grade (Kroll)
Final Property Grade (Kroll)
Final Compliance Grade (Kroll)
Final Overall Grade (Moodys)
Final Credit Grade (Moodys)
Final Property Grade (Moodys)
Final Compliance Grade (Moodys)
Final Overall Grade (S&P)
Final Credit Grade (S&P)
Final Property Grade (S&P)
Final Compliance Grade (S&P)
409016537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete    
06/02/2025
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The loan file contained the XXX UCDP; however, it did not return a score.
CDA provided
06/25/2025
Third party valuation product provided within tolerance.; Document Uploaded.
04/30/2026
  
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409016537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
06/02/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
06/03/2025
  
C
A
A
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409016537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
06/02/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
06/03/2025
  
C
A
A
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409021080
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409025217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
09/25/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
09/30/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409025217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
09/26/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
09/30/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409025217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
09/26/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
09/30/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409021271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
10/21/2025
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage XXX DSCR v13 guidelines require rent loss insurance covering a minimum XXX months for subject property. Hazard insurance policy only States 'actual cash value'. Missing actual rent loss amount or verification of XXX months.
; ;
11/03/2025
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX) XXX FICO (min XXX) XXX) DSCR XXX (min XXX), XXX) reserves $XXX++ (min required $XXX)
11/03/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409021271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
10/21/2025
Resolved
XXX
Credit
Borrower Rental Experience Not Within Guidelines
Borrower Rental Experience Not Within Guidelines Borrower's XXX experience is within guidelines, but management intentions are not contained in the loan file.
; Document Uploaded. ; Document Uploaded. Documentation received, XXX to review ;
11/03/2025
Borrower Rental Experience Within Guidelines
11/03/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409021271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
10/21/2025
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing letter of explanation for inquiry within XXX days of note date. Borrower has three credit inquiries from XX/XX/XXXX - XX/XX/XXXX.
; Documentation received, XXX to review ; Document Uploaded. ;
10/29/2025
  
10/29/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409021271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
10/21/2025
Waived
XXX
Credit
Application Profile Missing
Missing Borrower's contact consent form.
; ; ;
10/22/2025
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX) XXX FICO (min XXX) XXX) DSCR XXX (min XXX), XXX) reserves $XXX++ (min required $XXX)
10/22/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026316
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete The executed Note found in the loan file is an Interest-Only Period Fixed Rate Note, the lock indicates the loan is not interest only. The executed Note is incomplete with blank interest only period fields. The inconsistency creates ambiguity in repayment terms, potentially affecting enforceability. Lender to provide a re-executed correct fixed rate note.
; Documentation received, XXX to review.; Document Uploaded. ; condition updated XXX ; Document Uploaded. Documentation received, XXX to review.; ; ;
12/05/2025
The Note is Present; Completed re-signed note received.; Please provide fully executed Note as XXX year fixed and non-IO updated lock. ; The Note is Incomplete
12/05/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026316
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Credit
Verification of Borrower Liabilities Missing or Incomplete
A XXX XXX Revolving account is included on the Final 1003 with a balance of XXX but is not listed on the credit report. Lender to provide documentation verifying terms and payment history.
; Document Uploaded. ; Documentation received, XXX to review.;
12/05/2025
Statement provided.
12/05/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026316
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Rescinded
XXX
Credit
Fraud: Potential Occupancy/Current Address Issues identified in the file
Borrower previously resided rent-free with parents with no prior property ownership. File reflects the purchase of a mixed-use property on XX/XX/XXXX declared as the borrower’s primary residence. A rent-free letter from parents dated XX/XX/XXXX confirms borrower was still residing with them at that time. The borrower acquired a second mixed-use property on XX/XX/XXXX identified as an investment property and is currently purchasing the subject property a single-family residence as an investment property.
;
11/07/2025
Documentation contained in loan file explains addresses.
11/07/2025
  
D
B
A
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026316
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Waived
XXX
Credit
Application Profile Missing
Lender guidelines require the XXX Business Narrative completed by the borrower be included in the loan file, Lender to provide.
;
11/07/2025
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: 60% LTV, XXX% DTI, XXX FICO.
11/07/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409024622
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. XXX was declared a disaster area on XXX XXX The appraisal report, with an effective date of XXX XXX was completed after the declaration. However, the appraiser did not comment on the adverse event or certify that the disaster had no impact on the property’s valuation. This certification is required for compliance with program guidelines dated XXX XXX (Version XXX), as outlined in the FEMA Disaster Declaration section on page XXX of XXX
; ;
11/12/2025
The appraisal was performed post disaster, no damage noted ; FEMA Post Disaster Inspection report was provided.
11/12/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409024622
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Credit
Missing Business Entity Formation Document
An Operating Agreement is required to verify the borrower's membership and determine whether additional members exist, along with their respective percentage of interest, if applicable.
; Documentation received in XXX review.; Document Uploaded. ;
11/12/2025
Business entity documentation provided.
11/12/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409024622
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Missing prepayment addendum to the note. Per the final CD, loan has a prepayment penalty.
; ; ;
11/12/2025
The Note is Present
11/12/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409024622
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/05/2025
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing. A merged credit report from the three major national repositories is required to verify sufficient tradelines, determine the qualifying score, confirm OFAC status, review mortgage payment history, identify any derogatory credit, review recent inquiries, and ensure there are no outstanding material liens or judgments.
; ; Document Uploaded. ;
11/12/2025
Borrower 1 Credit Report is not missing.
11/12/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409026118
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/07/2025
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 76.92% exceeds Guideline LTV of 75% XXX DSCR v13 guidelines max LTV is 75% for a Cash-Out Refinance with FICO score of XXX Per XXX loan was approved with an LTV of 76.923%. Audit LTV of 76.92% exceeds guidelines.
; XXX to review exception. DD to open condition.; Requesting an exception based on the following compensating factors - Credit score XXX Good credit history with no mortgage lates. XXX months of reserves can be used from cash out balance;
12/11/2025
Waived per client. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: Credit score XXX Good credit history with no mortgage lates. XXX months of reserves can be used from cash out balance
12/11/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026600
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/16/2025
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts
; Documentation and comment received, XXX to review.; Document Uploaded. The mortgage is in the husband XXX's name only. See XXX mortgage Statement. I also pulled the deed from property records, and it looks like the deed is in both of their names. Please advise what you need me to do or if anything else is required. ; ;
11/23/2025
All Fraud Report Alerts have been cleared or None Exist; XXX Fraud Report reflects an undisclosed property located at XXX XXX that reflects a purchase date of XXX and was not disclosed on the final application. Provide documentation to support the borrower does not have ownership and/or corrected application including the property.
11/23/2025
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026600
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/13/2025
Resolved
XXX
Credit
Third Party Fraud Report XXX Provided
Third Party Fraud Report XXX Provided XXX Fraud Report reflects an undisclosed property located at XXX XXX that reflects a purchase date of XXX and was not disclosed on the final application. Provide documentation to support the borrower does not have ownership and/or corrected application including the property.
11/16/2025
Third Party Fraud Report is fully present
11/23/2025
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026600
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/13/2025
Waived
XXX
Credit
Loan does not conform to program guidelines
The business XXX XXX is a layered entity with XXX as the sole member of XXX XXX. (Amendment dated XXX confirms XXX XXX is the XXX% XXX of XXX). Layered entities are not allowed per guidelines. Client approved exception allows for layered entity based on the following: background check on prior member/XXX XXX, meet all DSCR guidelines, minimum DSCR XXX. Comp factors: XXX) 65% LTV and XXX) XXX in reserves.
11/16/2025
Client approved exception allows for layered entity based on the following: background check on prior member/XXX meet all DSCR guidelines, minimum DSCR XXX. Comp factors: XXX) 65% LTV and XXX) XXX in reserves.
11/16/2025
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409026621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035342
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/17/2025
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Provide documentation to support large deposit on XXX of XXX to account ending XXX
    
CD provided confirming large deposit is sale proceeds, exception resolved. ; Document Uploaded.
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035342
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/14/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
11/18/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035342
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/17/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational
11/18/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/19/2025
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
HPML is compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.
  
Informational
11/20/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/19/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
11/20/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/19/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
11/20/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035213
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/20/2025
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met.
  
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035213
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/20/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035213
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/20/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035338
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/21/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035338
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/21/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035338
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/21/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
11/25/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035339
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
11/25/2025
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML loan with established escrows and met appraisal requirements.
  
Informational
12/02/2025
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035339
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
12/02/2025
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035339
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
12/02/2025
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/01/2025
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Provide documentation to support monthly mortgage payment, taxes, hazard insurance for property at XXX Provide verification of taxes and hazard insurance for property at XXX. Provide Hazard insurance for property at XXX reflected on Final 1003
  
; Document Uploaded. ; Missing verification of HOA for XXX XXX. File contains HOA LOE for XXX XXX but not for XXX XXX.; Document Uploaded.
12/10/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
11/26/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
12/02/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/01/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational
12/02/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032408
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409030605
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035260
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML Compliant
  
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035260
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/02/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035260
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/02/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035293
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035293
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035293
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/01/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/03/2025
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary. There is no XXX nor lenders approval found in the file.
    
XXX provided, exception resolved. ; Approval/Underwriting Summary is fully present; Document Uploaded.
12/09/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/02/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
12/04/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/03/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
12/04/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035310
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/03/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035310
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/03/2025
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035310
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/03/2025
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
12/04/2025
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409030616
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/05/2025
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 73.2% exceeds Guideline LTV of 70% XXX DSCR v13 Guidelines State: For refinance transactions, XXX must be leased at the time of closing, and the borrower must provide evidence that the property has been leased. The subject is tenant occupied per the appraisal, and there is no evidence of the lease in file. Unleased properties require a XXX% reduction in LTV (Max XXX%)
; Documentation received, XXX to review.; Document Uploaded. ; ;
12/18/2025
Audited LTV of 73.2% is less than or equal to Guideline LTV of 75%
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409026250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/06/2025
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
The intent and/or status of the borrower's occupancy is not supported in the file. The refinance is a DSCR loan, however the appraisal reflects as XXX Occupied.
; ; Documentation received, XXX to review.; Document Uploaded. ;
12/17/2025
Intent of borrower's occupancy supported; Revised appraisal received showing property currently vacant. Lease agreement was provided showing property will be leased.
12/17/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409026250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/04/2025
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Missing explanation and supporting documentation for the following large deposits as loan requires XXX months reserves to be documented: XXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX
; Requesting escalation - funds transferred from business for reserves. ; in escalation ; Per underwriter the highlighted deposits below are from the XXX business account Statements. XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX. (I XXX the Statement reflect the deposits not sure if this what you need).; XXX Condition XXXs, documentation provided does not explain or source large deposits. ; Document Uploaded. ; Documentation received, XXX to review.;
12/17/2025
Deposit of XXX into the borrowers personal account on XX/XX/XXXX cannot be sourced. The business account at that time had less than XXX in it, therefore deposit was excluded. Reserves adjusted to XXX months, which is still within guidelines ; Statement dated from XX/XX/XXXX to XX/XX/XXXX provided for business. Deposits in question were not documented or sourced as required per guidelines. ; Missing explanation and supporting documentation for the following large deposits as loan requires XXX months reserves to be documented: XXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX on XX/XX/XXXX
12/17/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409026250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/08/2025
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for the subject property.
; Documentation received, XXX to review.; Document Uploaded. ;
12/12/2025
Lease agreement provided.
12/12/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032425
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
12/09/2025
Acknowledged
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program
; waiver requested. ;
12/16/2025
Client approved an exception to guidelines for missing business narrative required per XXX Expanded v12. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI (max XXX%) – XXX FICO (min  XXX) - Reserves $497k.
12/16/2025
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409031619
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/10/2025
Acknowledged
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is a XXX time XXX. Maximum LTV for XXX time XXX is XXX%
; Document Uploaded. ;
12/12/2025
Waived per client request. Client accepts risk for B grade and acknowledges the following two XXX compensating factors for this purpose: XXX FICO vs. XXX minimum, XXX months reserves vs. XXX minimum
12/12/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409031212
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/11/2025
Waived
XXX
Credit
Missing Letter of Explanation (Credit)
Missing LOE for credit inquiries.
; Please waive for B Grade. Seller does not obtain inquiry letter on DSCR. Reviewed with XXX team and fine to move forward without. Comp Factors: 61.67% LTV; XXX DSCR; XXX FICO; XXX Mos PITIA reserves.;
12/15/2025
Waived per client request. Client accepts risk for B grade and acknowledges the following four XXX compensating factors for this purpose: 61.67% LTV; XXX DSCR; XXX FICO; XXX Mos PITIA reserves
12/15/2025
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.67% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.67% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409031106
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/12/2025
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage.
;
12/15/2025
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX FICO > guideline minimum of XXX Lower LTV/CLTV 63.70% XXX% DSCR XXX (min XXX)
12/15/2025
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.7% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.7% is less than Guideline LTV of 80%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409031229
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
12/15/2025
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing required Two months personal bank Statements to support the WVOE –Deposits must match current employer.
; ; please cancel, loan is XXX and written voe in file to support. ;
12/18/2025
Income and Employment Meet Guidelines
05/06/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 28.99% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 28.99% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032849
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032224
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409027008
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/19/2025
Resolved
XXX
Credit
Borrower Non-XXX Identification Document Missing
Non XXX Borrower is missing Identification Document. Expired Permanent Resident alien card found in the loan file. Note date is XXX and card expired on XXX. Provide Permanent Resident alien card and/or documentation that is not expired with copies of the front and back as required per guidelines.
; Documentation received, XXX to review.; Document Uploaded. ; updated comments from DD; Documentation received, XXX to review.; Document Uploaded. ;
02/25/2026
Borrower Identification Document provided.; Client provided I-XXX Notice of Action reflecting XXX - Application to replace Permanent Resident Card. LM Updated.; Copy of DL provided, missing unexpired Permanent Resident alien card and/or documentation that is not expired with copies of the front and back as required per guidelines.
02/25/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409027008
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/19/2025
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Provide corrected application that reflects the Borrower is a Permanent Resident Alien vs. a Citizen of the United States.
; Documentation received, XXX to review.; Document Uploaded. ;
02/25/2026
The Final 1003 is Present; Client provided Corrected 1003 reflecting the Borrower as Permanent Resident Alien. LM Updated.
02/25/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032335
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
12/26/2025
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130 Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, and Copy of Refund Check, or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Flood Certification on the LE dated XXX.
; ; Document Uploaded. ; ;
01/13/2026
Cure package provided to the borrower; exception downgraded to a 2/B
01/13/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 51.33% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.33% is less than Guideline CLTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409032357
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409029278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
12/26/2025
Acknowledged
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing required third party letter or CPA prepared P&L to justify use of XXX% expense ratio
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. ; Post Close Exception has been approved. a pricing hit of XXX applied to the transaction. ;
01/12/2026
Waived per client. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX months reserves, LTV 65%, XXX
01/12/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.86% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.86% is less than Guideline LTV of 75%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409029278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
12/29/2025
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing property insurance for the following: XXX , XXX , XXX and XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
01/12/2026
LOE showing no insurance carried on other properties.
01/12/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.86% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.86% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409034036
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032150
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/30/2025
Resolved
XXX
Credit
Missing Business Entity Formation Document
  
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
02/19/2026
LLC documentation provided.
02/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032150
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/26/2025
Waived
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX
; Document Uploaded. Exception for low DSCR approved. Approval form uploaded for review. Two comp factors include XXX FICO XXX reserves.; XXX FICO XXX reserves; XXX approved exception for DSCR <XXX ;
02/19/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO XXX reserves.; XXX approved exception for DSCR <XXX Documentation for exception not provided. Please provided approved exception along with at least XXX compensating factors.
02/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032150
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/30/2025
Resolved
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Missing personal guaranty for XXX and XXX.
; Document Uploaded. Seller requesting review to make sure doc acceptable before borrower(s) sign ;
02/11/2026
Personal Guaranty provided.; Client provided Person Guaranty Agreement for the Borrower. LM Updated.
02/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032150
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/26/2025
Resolved
XXX
Credit
Borrower information on 1003 is incomplete
1003: Undisclosed properties not listed on 1003: LOX in file page XXX State borrowers manage and own XXX per fraud report that are not disclosed on the 1003.
; ; ; Document Uploaded. ;
02/17/2026
Client provided updated 1003. LM updated.
02/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032150
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
12/26/2025
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing recent Inquiry letter of explanation
; ; Documentation received, XXX to review.; Document Uploaded. ;
02/17/2026
Credit LOE provided.
02/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409025438
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
12/31/2025
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
01/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/06/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
01/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/06/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
01/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034118
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Rescinded
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The Master Deed identifies the subject property as a Condo, the refinance includes XXX parcels, provide the following: -A revised appraisal on XXX from XXX Individual XXX Unit Appraisal Report -Include lot XXX and commenting on highest and best use including the lot as excess land.
; ;
01/30/2026
It is acceptable to appraise a XXX site condo on the XXX Finding is rescinded.
01/30/2026
  
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue The following items where found to be issues on the Title Commitment found in the file: -The legal description included in the title commitment Exhibit A is for Unit XXX which is a vacant lot, Unit XXX includes the improved property, legal descript for Unit XXX to be added -Loan with Future XXX Mortgage is identified as a HELOC requiring evidence the HELOC is closed. -The Master Deed identifies the subject property as a XXX, a copy of the Master Deed was provided, copies of all the deed amendments are required to review for restrictions affecting salability of the subject property.
; Documentation received, XXX to review.; Document Uploaded. ; Condition updated; ; ; ; Documentation received, XXX to review.; Document Uploaded. Copy of check and overnight label to payoff HELOC.;
01/30/2026
Property Title Issue Resolved; Missing evidence that the HELOC was closed after payoff. ; Property Title Issue Resolved
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete The subject property transfers with XXX parcels Unit XXX and Unit XXX the legal description included on Exhibit A included the legal description of Unit XXX which is a vacant lot. Unit XXX is the lot that includes the XXX Condo. Legal description to be corrected to include both Units legal descriptions to properly secure the subject property.
; ; Documentation received, XXX to review.; Document Uploaded. With correct legal;
01/30/2026
The Deed of Trust is Present and Complete; Received recorded Deed of Trust, Exhibit A includes Units XXX and XXX Exception Resolved.; The Deed of Trust is Incomplete
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/07/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($80,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%. XXX Expanded v12 allows non-QM due to rate spread. Condition is for information only.
;
01/30/2026
Information only.
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
A
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Provide the following: -Borrower's XXX bank Statement from XXX account ending in XXX includes an overdraft, a letter of explanation or underwriter comments was not found in the file and is required. Guidelines States no occurrences in the most recent three months.
; Documentation received, XXX to review.; Document Uploaded. ;
01/22/2026
Income and Employment Meet Guidelines
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The preliminary title commitment Schedule A is not sufficient to cover the loan amount, provide final policy with minimum coverage of XXX
; Documentation received, XXX to review.; Document Uploaded. ;
01/14/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Received Title commitment with coverage of XXX which matches the subject lien. Exception Resolved.
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Incomplete
Borrower 1 Credit Report is XXX Present. The following liabilities included on the 1003 do not match or were not found on the credit report dated XX/XX/XXXX: -XXX XXX payment XXX (payment reported as $XXX) -XXX XXX payment XXX If a gap report was used for final underwriting approval provide a copy
; Documentation received, XXX to review.; Document Uploaded. ;
01/20/2026
Borrower 1 Credit Report is not XXX present.; Client provided Credit Report Comparison reflecting XXX and XXX accounts with the updated balances. Cleared.
01/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
A copy of a current Hazard Insurance Policy for XXX was not found and is required.
; ; Document Uploaded. ; Documents uploaded for review.; Condition updated on XXX; Condition updated. Quote provided, need policy.; Document Uploaded. ; Documentation received, XXX to review.; Condition updated ; Document Uploaded. ; Documentation received, XXX to review.; Condition updated. ; Document Uploaded. ; Documentation received, XXX to review.;
01/27/2026
; Client provided a copy of HOI for XXX. Cleared.; Client provided XXX Rate Quote dated XX/XX/XXXX. A copy of a current Hazard Insurance Policy for XXX was not found and is required.; Client provided XXX Rate Quote dated XX/XX/XXXX. A copy of a current Hazard Insurance Policy for XXX was not found and is required.; Client provided HOI Declaration for XXX. Please provide a copy of a current Hazard Insurance Policy for XXX the borrower's primary residence. ; Received evidence of insurance for REO at XXX. Provide proof of insurance for the primary residence at XXX.
01/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031669
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/08/2026
Resolved
XXX
Property
Condo project is ineligible
The Master Deed indicates the subject property is a XXX. The loan was approved as a PUD. Provide the following: -All addendums to the Master Deed verifying deed restrictions -Evidence the property is no longer a XXX or revise the loan documents and verify the property meets all XXX guidelines
; Document Uploaded. Please see page XXX of Title Commitment to satisfy this condition. ;
01/22/2026
Title documentation provided
01/22/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.62% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.62% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409033352
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/09/2026
Acknowledged
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Audit calculation used XXX rents of XXX / PITIA XXX = DSCR XXX. Lender calculation is XXX / PITIA XXX = DSCR XXX. Lender notes reflects XXX months receipts of higher rents meet guidelines. Guidelines require the lower of in-place rent and market rent from XXX whichever is lower, resulting in a DSCR of XXX < DSCR of XXX.
; ; Exception has been provided to allow the use of the higher of actual rents to be used in determining DSCR. This will bring DSCR within tolerance at XXX. Comp Factors: FICO XXX Evidence of rent receipt XXX months reserves XXX housing history; XXX to review for exception.;
05/29/2026
Waived per client to use higher amount for DSCR Calculations. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX Evidence of rent receipt XXX months reserves XXX housing history
05/29/2026
  
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409033352
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/09/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 74.72% exceeds Guideline LTV of 70% Guidelines only allow for a 70% LTV on a cash out refinance with a XXX DSCR. Lender used a DSCR of XXX. Lender notes State the higher lease rental income was used for calculation due to XXX months receipts of higher rents. Guidelines require use of lower of in-place rent and market rent from XXX whichever is lower resulting in a DSCR that does not support >70% LTV.
; DSCR to be updated based on exception (see other outstanding condition). DSCR will exceed XX/XX/XXXX and LTV will be within guideline tolerance. ; XXX to review for exception.;
01/22/2026
Audited LTV of 74.72% is less than or equal to Guideline LTV of 75%
01/22/2026
  
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409033352
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/09/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Provide Photo Identification or Patriot Act Form verifying the borrower's identity as required per guidelines.
; Documentation received, XXX to review.; Document Uploaded. ;
01/20/2026
Photo Identification provided.; Client provided copy of the Borrower's Driver License. LM Updated.
01/22/2026
  
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409033352
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/09/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The final application and the XXX reflect an additional XXX in monthly insurance, Taxes, Association Dues. Provide documentation to support this amount.
; Documentation received, XXX to review.; Document Uploaded. ;
01/20/2026
Client provided evidence the XXX HOA amount on the 1008 and 1003 were in error. The XXX should have been XXX for HOA. The Client provided Redfin estimate reflecting XXX HOA for the property. Updated 1003 and XXX provided. LM Updated.
01/20/2026
  
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409034032
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/09/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Document Uploaded. ; Documentation received, XXX to review.;
01/14/2026
Evidence of eConsent is provided.
01/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034032
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/12/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide Affiliated Business Disclosure within XXX days of application date XX/XX/XXXX or provide confirmation the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
01/14/2026
Required Affiliated Business Disclosure Documentation Provided
01/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409033273
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/12/2026
Acknowledged
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Interested Party Contribution of XXX represents XXX% of the XXX, which exceeds the XXX% maximum permitted per XXX XXX Expanded DSCR guidelines. XXX approved exception in file with compensating factors of XXX FICO, DSCR of XX/XX/XXXX and XXX mortgage history
01/14/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledged the following compensating factors for this purpose: XXX FICO, DSCR of XX/XX/XXXX and XXX mortgage history.
01/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032761
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/14/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing business entity documentation as well as EIN Number.
; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ; Documentation received, XXX to review.; Document Uploaded. EIN XXX;
04/09/2026
; Provide Certificate of formation/Articles of Organization, Operatiing Agreement, and Certificate of Good Standing if the organization was formed greater than XXX months - documentation is required to meet program guidelines.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/13/2026
Resolved
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Missing Personal Guaranty for all members that have XXX% or greater ownership.
; Document Uploaded. Documentation received, XXX to review; Documentation received, XXX to review.; Document Uploaded. Personal Guaranty XXX.;
04/06/2026
Personal Guaranty provided.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/14/2026
Resolved
XXX
Credit
Missing Verification of Rent
The subject is a short term rental. Missing proof of rents collected for the previous XXX months, and all vendor management fees.
; New XXX, using XXX% of XXX rental estimate for STR ;
02/13/2026
Guidelines require a XXX or XXX Comparable Rent Schedule survey prepared by the appraiser reflecting similar short-term market rents. XXX reflecting short term rental information provided.
02/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/13/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. The Loss Rent Coverage does not meet the guideline minimum of XXX months.
; XXX. The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. The Loss Rent Coverage does not meet the guideline minimum of XXX months. The policy covers $50K this is more than XXX months;
02/10/2026
Loss Rent Coverage is Sufficient
02/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/13/2026
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary. The XXX is missing.
; Documentation received in XXX review.; Document Uploaded. ;
02/04/2026
Approval/Underwriting Summary is fully present; Client provided Uniform Underwriting and Transmittal Summary for the Borrower. LM Updated.
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
B
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/14/2026
Resolved
XXX
Credit
Third Party Fraud Report XXX Provided
Third Party Fraud Report XXX Provided Missing Lender Fraud report
; Documentation received in XXX review.; Document Uploaded. ;
02/04/2026
Third Party Fraud Report is fully present; Client provided Third Party Fraud report for the Borrower. LM Updated.
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/14/2026
Resolved
XXX
Credit
Delinquent Credit History Does Not Meet Guideline Requirements
Delinquent Credit History Does Not Meet Guideline Requirements Borrower's Business Entity, East XXX, LLC had a mortgage modification completed on XX/XX/XXXX on a promissory note dated XX/XX/XXXX in the amount of XXX
;
02/04/2026
Delinquent Credit History Meets Guideline Requirements
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/13/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing. Borrower 1's credit report is missing.
; Documentation received in XXX review.; Document Uploaded. ;
02/04/2026
Borrower 1 Credit Report is not missing.; Client provided Credit Report for the Borrower dated XX/XX/XXXX. LM Updated.
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.36% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.36% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409036699
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/16/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Missing source for XXX deposit on XX/XX/XXXX to XXX acct #XXX
; Documentation received, XXX to review.; Document Uploaded. ;
02/04/2026
Asset Record XXX Meets G/L Requirements
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409036699
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/16/2026
Resolved
XXX
Credit
Missing Lease Agreement
XXX DSCR v13 Guidelines State: For refinance transactions, XXX must be leased at the time of closing and the borrower must provide evidence that the property has been leased. Month-to-Month leases are permitted but must be in place for at least two (XXX onths prior to origination. The lease is a month to month with a start date of XX/XX/XXXX and the initial 1003 is dated XX/XX/XXXX.
; in escalation to DD - DD - please note lease for subject is one lease and the other three leases are not for subject property. Other leases provided were to show history of self-managing. Can you review? ; Condition updated XXX ; Documentation received, XXX to review.; Document Uploaded. ;
02/04/2026
Lease provided showing room rents no longer valid. ; Prior leases provided showing property (a SFR) was used as Room Leases, which is not permitted per guidelines. Leases provided do not have an end date and are month to month. Current lease provided dated XX/XX/XXXX showing no room or unit leased. Additional documentation required to show prior room leases are no longer valid.
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409036699
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/19/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing EIN number for vested entity.
; Documentation received, XXX to review.; Document Uploaded. ;
02/04/2026
EIN documentation provided.
02/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037305
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/19/2026
Resolved
XXX
Credit
Other Property Insurance Policy Missing
Missing proof of HOI for XXX XXX XXX XXX
; Documentation received, XXX to review.; Document Uploaded. XXX XXX hoi;
01/21/2026
HOI documentation provided.
01/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.92% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.92% is less than Guideline CLTV of 65%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
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D
D
A
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A
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A
A
A
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A
A
A
A
A
A
A
A
A
A
A
409035204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/19/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
A copy of the county tax bill for XXX BCR XXX and is required.
; Documentation received, XXX to review.; Document Uploaded. ;
01/27/2026
Client provided Property Tax bill for XXX-XXX BCR XXX LM Updated.
01/27/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/19/2026
Resolved
XXX
Credit
Delinquent Credit History Does Not Meet Guideline Requirements
Delinquent Credit History Does Not Meet Guideline Requirements Guidelines refer to FNMA requirements regarding collection accounts, a collection is included on the borrower's credit report from XXXCRE in the amount of XXX FNMA requires non-medical collections that exceed XXX be paid off at closing. A copy of a judgement lien in the amount of XXX was found in the loan file, evidence of dismissal or payment was not found in the file and is required.
; ; Sent seller's rebuttal to DD on XX/XX/XXXX. XXX for status update again today XX/XX/XXXX;
01/27/2026
Per FNMA, for one-unit XXX residence properties, borrowers are not required to pay off outstanding collections regardless of amount.; Delinquent Credit History Meets Guideline Requirements
01/27/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/22/2026
Resolved
XXX
Credit
Missing final HUD-XXX from sale of non-subject property
Missing settlement Statement for the sale of XXX
; Documentation received in XXX review.; Document Uploaded. sale of XXX
01/29/2026
Client provided Closing Statement and Adjustments for XXX XXX, Payoff Check and incoming wire reflecting XXX and $XXX.
01/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.77% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/23/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing proof of PITIA for Rental property XXX
; Documentation received in XXX review.; Document Uploaded. Please see enclosed XXX is not owned by our borrower ;
01/29/2026
Client provided LOE stating the Borrower is only a Trustee of XXX and Mortgage Statement reflecting XXX per month including Taxes and Insurance escrowed. Cleared.
01/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.77% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/22/2026
Resolved
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery or a Valid COC. The XXX% tolerance violation in the amount of XXX is due to the increase of the recording fee to XXX on the CD dated XX/XX/XXXX. Since missing evidence of the receipt date for CD, the COC dated XX/XX/XXXX is not considered valid. Provide evidence of date CD received by Borrower. Additional testing will be completed.
; Documentation received in XXX review.; Document Uploaded. SIGNED CD;
01/28/2026
Received receipt date for ICD - exception resolved; Received receipt date for ICD - exception resolved
01/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.77% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/22/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Documentation required to clear exception: Proof of delivery/receipt of Final Revised LE dated XX/XX/XXXX at least XXX days prior to closing.
; Document Uploaded. signed LE; Documentation received in XXX review.;
01/28/2026
Received receipt date for LE - exception resolved; Received receipt date for LE - exception resolved
01/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.77% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
01/22/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery or a Valid COC. The zero tolerance violation in the amount of XXX is due to increase of the transfer taxes from XXX to XXX on the CD dated XX/XX/XXXX. Since missing evidence of the receipt date for CD, the COC dated XX/XX/XXXX is not considered valid. Provide evidence of date CD received by Borrower. Additional testing will be completed.
; Documentation received in XXX review.; Document Uploaded. SIGNED CD;
01/28/2026
Received receipt date for ICD - exception resolved; Received receipt date for ICD - exception resolved
01/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.77% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034298
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/27/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing EIN Documentation for XXX
; ; Document Uploaded. ; ; Document Uploaded. ;
02/12/2026
Client provided IRS Department of the Treasury EIN assignment letter. LM Updated.; Franchise tax number provided. XXX guidelines require for EIN number to be provided.
02/12/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032418
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/26/2026
Acknowledged
XXX
Credit
Overdraft/NSF Count Exceeds Tolerance
Overdraft/NSF count exceeds tolerance. Lender exception approved for XXX NSF within last XXX months. Compensating factors: Low LTV, letter of explanation has been provided and overall XXX.
; ;
06/01/2026
Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Low LTV and letter of explanation has been provided and overall XXX.; Overdraft/NSF count exceeds tolerance. Lender exception approved for XXX NSF within last XXX months. Compensating factors: Low LTV, letter of explanation has been provided and overall XXX.
06/01/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032418
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/26/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Lender provided a VVOE, and business XXX search for borrower's verification of self-employment. XXX Expanded v12 guidelines require existence of borrower's self-employment must be verified through a third-party source and no more than thirst XXX calendar days prior to the note date. Third party verification can be from a CPA, regulatory agency or applicable licensing bureau. A borrower's website is not acceptable third-party source.
; Documentation received, XXX to review.; Document Uploaded. ;
01/30/2026
Income and Employment Meet Guidelines; Client provided VVOE dated XX/XX/XXXX. Verified through XXX XXX website and Verification of the Business license. LM Updated.; Income and Employment Do Not Meet Guidelines Lender provided a VVOE, and business XXX search for borrower's verification of self-employment. XXX Expanded v12 guidelines require existence of borrower's self-employment must be verified through a third-party source and no more than thirst XXX calendar days prior to the note date. Third party verification can be from a CPA, regulatory agency or applicable licensing bureau. A borrower's website is not acceptable third-party source.
01/30/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409034275
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/27/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing proof of PITIA for secondary residence at XXX XXX
; Document Uploaded. ; Documentation received, XXX to review.; Condition updated. ; Document Uploaded. ; Documentation received, XXX to review.; ; Condition updated.; ; ; ; Document Uploaded. ; Documentation received in XXX review.; Document Uploaded. ; Documentation received, XXX to review.;
02/27/2026
Client provided Credit Supplement for XXX Mortgages - Verified per conference call: XXX Last payment XX/XX/XXXX, Next Due XX/XX/XXXX Balance XXX Taxes Only Escrowed. P&I and Taxes XXX Insurance XXX and XXX HOA = $XXX. LM Updated.; Credit supplement provided, but does not break down payments. taxes for XXX as it is not documented in the file.; ; 1003, XXX credit report and HOI documentation uploaded. XXX taxes for XXX as it is not documented in the file. ; Client re-uploaded 1003, Credit Report, Consumer Inquiries letter and HOI for subject property. Missing proof of PITIA for secondary residence at XXX Highland Ave XXX, MA.
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60.31% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.31% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034275
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/27/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing LOE for credit inquiries within XXX days of closing
; Looks like a new account for XXX is open and on the credit report. See XXX #XXX opened XXX reporting. ;
01/29/2026
Credit inquiry for XXX account opened XX/XX/XXXX
01/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60.31% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.31% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034275
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
01/23/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide Affiliated Business Disclosure within XXX days of application date XX/XX/XXXX or provide confirmation the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ; ;
01/29/2026
Required Affiliated Business Disclosure Documentation Provided
01/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60.31% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.31% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032753
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/27/2026
Acknowledged
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is considered a XXX time XXX as per documentation in file, borrower has not owned XXX or more properties in the past XXX months, including on income producing property. Management intentions not in file, maximum LTV for XXX time XXX self-managing is XXX%
; ; Documentation received, XXX to review.; Document Uploaded. Lease to evidence experienced XXX, also indicates management company (not self-managed).  Borrower owns primary and several other investment properties. ;
02/12/2026
Acknowledged/Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO is greater than the guideline minimum and DSCR of XXX.; Lease provided for XXX Avalon Ave, however, missing management intentions for subject property. Guidelines State: Borrowers that intend to self-manage the property must meet at least one of the following requirements: Have three XXX years of experience managing income producing properties, Have a certification or proof of equivalent coursework in real eState property management. XXX Time XXX permitted with a XXX minimum FICO, max LTV is 70%, minimum XXX months reserves. Credit Report in file reflects the Borrower's Primary residence with XXX months XXX and XXX investment properties with XXX total months XXX (Only XXX to XXX months for each property). ; Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is considered a XXX time XXX as per documentation in file, borrower has not owned XXX or more properties in the past XXX months, including on income producing property. Management intentions not in file, maximum LTV for XXX time XXX self-managing is XXX%
02/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032753
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
01/27/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete Contract is an Option to purchase not the final purchase agreement, also the contract on page XXX shows "contingent upon completed pictures and signed leases". There are no signed leases as the property is vacant, and there is no addendum releasing this contingency.
01/28/2026
Contract States that initial terms must be initialed by both buyer and seller. Finding is resolved. ; purchase Contract Doc is complete.; Loan Purpose is purchase but purchase Contract Doc is Incomplete Contract is an Option to purchase not the final purchase agreement, also the contract on page XXX shows "contingent upon completed pictures and signed leases". There are no signed leases as the property is vacant, and there is no addendum releasing this contingency.
02/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409031664
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/27/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($82,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%. Non QM originated. XXX Expanded v12 allows non-QM due to rate spread. Condition is for information only.
;
02/11/2026
  
02/11/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
A
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031664
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/28/2026
Resolved
XXX
Credit
Missing Lender Income Calculation Worksheet
Missing required lender income calculation for bank Statement program
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
02/11/2026
Client provided lender income calculation for B1 bank Statement program. LM Updated.; Client provided Income Calculation Worksheet. However, The income worksheet is reflecting Hourly income. Missing required lender income calculation for B1 bank Statement program.
02/11/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031664
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/28/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Lender third party fraud report was not provided
; Document Uploaded. ; Documentation received, XXX to review.;
01/30/2026
Third Party Fraud Report is provided; Client provided Third Party Fraud Report for the Borrower. LM Updated.; Missing Third Party Fraud Report Lender third party fraud report was not provided
01/30/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031664
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/27/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Per the Privacy Notice disclosure, XXX has affiliates. Please Provide the Affiliated Business disclosure that was provided to the consumer within XXX business days of application XX/XX/XXXX that confirms the lender has affiliates.
; Documentation received, XXX to review.; Document Uploaded. Affiliation ;
01/29/2026
Required Affiliated Business Disclosure Documentation Provided
01/29/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409031664
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
01/27/2026
Resolved
XXX
Compliance
XXX Const, Art 16, § 50(a)(6)(M)(i) - XXX XXX(a)(XXX) Notice for Home Equity Disclosure is not Provided
XXX Const, Art 16, § 50(a)(6)(M)(i) - XXX XXX(a)(XXX) Notice for Home Equity Disclosure is not Provided. Cure- Provide XXX XXX(a)(XXX) Notice for Home Equity Disclosure signed and dated XXX days prior to consummation date XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ;
01/29/2026
XXX Const, Art 16, § 50(a)(6)(M)(i) - XXX XXX(a)(XXX) Notice for Home Equity Disclosure is Provided or XXX.
01/29/2026
Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409033521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039026
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/02/2026
Waived
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Per XXX DSCR v13 guidelines, Guarantor: all loans are required to have a full recourse personal guaranty by all material owners. XXX Stein signed the note as individual for a business entity and not as an individual.
; Please waive for grade B- comp factors, 70% LTV, XXX Score, DSCR of XXX; ; In escalation with XXX Credit Team. ; Documentation received, XXX to review.; Document Uploaded.
03/02/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 70% LTV, XXX Score, DSCR of XXX; XXX to review rebuttal from XXX. Rebuttal States within guidelines. ; Missing Personal Guaranty. Per XXX DSCR v13 guidelines, Guarantor: all loans are required to have a full recourse personal guaranty by all material owners. XXX Stein signed the note as individual for a business entity and not as an individual.
03/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039233
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040361
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/03/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
; Documentation received, XXX to review.; Document Uploaded. ; XXX Requested testing figures from DD.;
02/12/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B; TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the TRUST REVIEW FEE. The Trust review fee was added on initial CD dated XX/XX/XXXX. The COC provided in file dated XX/XX/XXXX does not provide justification or reason why the fee was added. Please provide a valid COC or cure package.
02/12/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.76% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.76% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409037262
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040364
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/04/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing There is no Final 1003 in file.
; ; Documentation and comment received, XXX to review.; Document Uploaded. per XXX guidelines, a Final 1003 is XXX to DSCR loans;
02/13/2026
Client States: Please note that as per FMHL’s guidelines, a Final 1003 is XXX for DSCR loans. The initial application would be sufficient. LM Updated.; The Final 1003 is Present; The Final 1003 is Missing There is no Final 1003 in file.
02/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040364
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/04/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage XXX DSCR v13 GLs require XXX months rent loss coverage. The hazard insurance binder provided in file is a commercial policy and reflects "business income" coverage but does not specify amount or that this coverage can apply to loss of rents.
; ; ; Escalated. Loss of income is rent loss;
02/13/2026
Policy identifies XXX limit. Finding is resolved. ; Rent Loss Coverage Present; XXX guidelines require for minimum of XXX months coverage. Current binder does not reflect the coverage. ; Missing rent loss insurance coverage XXX DSCR v13 GLs require XXX months rent loss coverage. The hazard insurance binder provided in file is a commercial policy and reflects "business income" coverage but does not specify amount or that this coverage can apply to loss of rents.
02/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409035405
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/04/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing.
; Documentation received, XXX to review.; Document Uploaded. ;
02/11/2026
Borrower 1 Credit Report is not missing.; Client provided Credit Report for the Borrower dated XX/XX/XXXX. LM Updated.
02/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032957
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Potential Fraud Reflected on Fraud Report
XXX fraud report shows that the Vendor's Lien XXX for the subject property was recorded with the county on XX/XX/XXXX for XXX purchase contract in file is for XXX Potential Fraud Reflected on Fraud Report
; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; per title and appraisal there had been no conveyances in the XXX months prior to this purchase. Our purchase contract was accepted on XX/XX/XXXX for purchase price of $XXX and we funded on XX/XX/XXXX. It appears that this information on the recording is erroneous.; per title and appraisal there had been no conveyances in the XXX months prior to this purchase.  Our purchase contract was accepted on XX/XX/XXXX for purchase price of $XXX and we funded on XX/XX/XXXX.  It appears that this information on the recording is erroneous.; Can you please provide more information on where you guys are seeing XXX from the county's recording? I can't find it in the county's site or recording of the DOT.; ;
03/12/2026
Potential Fraud Reflected on Fraud Report is Resolved or None Exists; Warranty deed provided showing transfer and mortgage recorded. ; Recorded mortgage provided. Copy of recorded vendor's lien showing price required.; Recorded mortgage provided. Copy of recorded vendor's lien showing price required. ; Please provide documentation showing correct recording of sale price with county in order to clearing finding. ; ; ; Potential Fraud Reflected on Fraud Report XXX fraud report shows that the Vendor's Lien XXX for the subject property was recorded with the county on XX/XX/XXXX for XXX purchase contract in file is for XXX ; Potential Fraud Reflected on Fraud Report is Resolved or None Exists; Potential Fraud Reflected on Fraud Report XXX fraud report shows that the Vendor's Lien XXX for the subject property was recorded with the county on XX/XX/XXXX for XXX purchase contract in file is for XXX
03/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 44.12% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 44.12% is less than Guideline LTV of 80%
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032957
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Waived
XXX
Credit
purchase is not considered to be an Arm's Length Transaction
purchase is not considered to be an Arm's Length Transaction Per purchase contract, buyer and buyers agent are related. Non-Arm's length transactions are not permitted per XXX DSCR guidelines.
02/10/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO and LTV. ; ; ; purchase is not considered to be an Arm's Length Transaction Per purchase contract, buyer and buyers agent are related. Non-Arm's length transactions are not permitted per XXX DSCR guidelines.
02/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 44.12% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 44.12% is less than Guideline LTV of 80%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409037191
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete Contract of Sale Addendum reducing XXX from XXX to XXX is missing.
; Documentation received, XXX to review.; Document Uploaded. ;
02/18/2026
purchase Contract Doc is complete.; Client provided XXX XXX Closing Instructions reflecting Final XXX of XXX LM Updated.
02/18/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037667
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing rent loss insurance coverage
; Please waive for B grade. XXX exception in file. Comp factors: FICO XXX / LTV XXX / Perfect pay history / Experienced landlord;
03/25/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / LTV XXX / Perfect pay history / Experienced landlord
03/25/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.31% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.31% is less than Guideline CLTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409037667
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ;
03/03/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose Affidavit/Disclosure. LM Updated.
03/03/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50.31% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.31% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409038460
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/09/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.
; ; ; Document Uploaded. Please see XXX XXX dated XXX XXX, XXX Per Seller: We uploaded the XXX e-XXXl from our borrower to our branch, showing that he received the appraisal and had it in procession since XX/XX/XXXX. The borrower actually e-XXXled the appraisal to our branch on that day. This is well before the XX/XX/XXXX closing date.; ; ; ; ; Please see XXX provided by Seller confirming appraisal was sent to Borrower.; ; Document Uploaded. ; Documentation received, XXX to review.; updated ; ; Document Uploaded. ; Documentation received, XXX to review.;
03/23/2026
Evidence of appraisal delivery provided.; The borrower is still required to receive a copy of the appraisal at or prior to consummation. The documentation provided shows the borrower was provided a copy of the appraisal after consummation which does not meet the requirements under XXX(a)(XXX); Documentation provided confirmed the borrower waived their right to receive the appraisal at least XXX days prior to consummation, however they are still required to receive a copy at or prior to consummation. The documentation provided shows the borrower was provided a copy of the appraisal after consummation. ; Documentation provided confirmed the borrower waived their right to receive the appraisal at least XXX days prior to consummation, however they are still required to receive a copy at or prior to consummation. Provide documentation to show the borrower received the appraisal timely.
03/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.84% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.84% is less than Guideline LTV of 90%
B
A
B
A
B
A
A
A
B
A
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038460
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien $XXX. Please provide an update commitment or a Final Policy with the correct loan amount. Title Coverage Amount of XXX is Less than Total Amount of Subject Lien $XXX. Please provide an update commitment or a Final Policy with the correct loan amount.
; Documentation received, XXX to review.; Document Uploaded. ;
02/18/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Client provided updated Commitment for Title reflecting XXX Policy amount. LM Updated.
02/18/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.84% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.84% is less than Guideline LTV of 90%
B
A
B
A
B
A
A
A
B
A
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039721
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Provide executed Business Purpose Affidavit. Business Purpose Affidavit/Disclosure Missing
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; Condition updated.; Document Uploaded. ; Documentation received, XXX to review.;
04/22/2026
Business Purpose Affidavit/Disclosure Provided; Lender provided the signed business purpose affidavit. ; Business Purpose Affidavit/Disclosure Provided; Statement received stating "XXX XXX does not have any affiliated business" Missing Business purpose affidavit signed by borrower at closing.; Statement received stating "XXX XXX does not have any affiliated business" Missing Business purpose affidavit signed by borrower at closing.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039721
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Provide evidence of taxes, hazard insurance and HOA fees if applicable for the primary residence.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; Condition updated.; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Lender provided evidence of the tax, insurance, and no HOA on the borrower's primary residence. Condition cleared. ; Insurance provided, missing evidence of taxes for primary residence. - No additional documents or comments updated. XXX to review. ; Insurance provided, missing evidence of taxes for primary residence. - No additional documents or comments updated. XXX to review. ; Insurance provided, missing evidence of taxes for primary residence.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039721
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Borrower 2 Deed of Trust Signature does not match Note
Borrower 2 Signature does not match Note Provide DOT executed by B2.
clear; Documentation received, XXX to review.; Document Uploaded. ;
03/12/2026
Borrower 2 Signature matches Note; Client provided XXX letter stating: There are currently no other members of the Company. The Company is member managed. The Operating agreement States “All actions taken and decisions made must be made by majority vote based on the number of XXX.” You have indicated that a layered entity is acceptable to your XXX. One of the members of the Company is the XXX XXX dated XXX XXX The settlers of the Trust are XXX and XXX. The Trustee of the trust is XXX XXX. The trust is an irrevocable trust created under XXX law. The Trustees have the authority to borrow and mortgage property. The primary beneficiaries of the Trust are the settlor’s children. LM Updated.
03/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039721
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX reflects DSCR calc is XXX / $XXX. Audit calculation is XXX / XXX = DSCR XXX which is less than the guideline minimum requirement of XXX Lender used P&I payment for qualifying vs XXX one note amortized over XXX years as required per guidelines.
; ; No exception needed, per guidelines for XXX DSCR, the ITIA payment is used t calculated the DSCR not the PITIA PITIA includes XXX & interest, taxes, insurance, and HOA; for Interest‑Only loans, the calculation uses ITIA instead (i., interest + taxes + insurance + HOA); ; Documentation received in XXX review.; ; ;
03/09/2026
Qualifying DSCR meets Guidelines; Qualifying DSCR meets Guidelines; Qualifying DSCR of XXX is less than guideline minimum requirement of XXX reflects DSCR calc is XXX / $XXX. Audit calculation is XXX / XXX = DSCR XXX which is less than the guideline minimum requirement of XXX Lender used P&I payment for qualifying vs XXX one note amortized over XXX years as required per guidelines.;
03/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing. Provide credit report from the XXX national credit repositories.
; ; Documentation received, XXX to review.; Document Uploaded. ;
02/25/2026
Received origination credit report. Exception Resolved.
02/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Provide executed Business Purpose Affidavit. Business Purpose Affidavit/Disclosure Missing
; ; Documentation received, XXX to review.; Document Uploaded. ;
02/25/2026
Business Purpose Affidavit/Disclosure Provided. Exception Resolved.; Business Purpose Affidavit/Disclosure Missing
02/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Property
HOA Questionnaire is Incomplete
HOA Questionnaire incomplete Provide a condo questionnaire on form FNMA XXX or FHLMC full form as required per guidelines.
; ; Document Uploaded. Condition in review ; Condo questionnaire docs start on page XXX of the closing package and end on page XXX Could you please clarify if something else is needed?;
02/25/2026
HOA Questionnaire Provided; Received the HOA Condo Questionnaire. DSCR guidelines require all condo questionnaires must be on either a FNMA XXX form or FHLMC Full form. The HOA condo questionnaire provided is not on either of these forms.
02/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Provide XXX months recent mortgage history with no more than XXX for the subject, primary residence and REO's at XXX
; ; Documentation received, XXX to review.; Document Uploaded. ;
02/25/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document for all requested properties provided. Exception Resolved.
02/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Provide EIN/Business Entity Formation Document.
; Documentation received, XXX to review.; Document Uploaded. ;
02/20/2026
Received EIN/Business formation documentation. Exception Resolved.
02/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/09/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy Only the HO-6 Insurance Policy was provided. Provide evidence of the Master Insurance Policy for the condo.
; Documentation received, XXX to review.; Document Uploaded. ;
02/20/2026
HO-6 Master Insurance Policy is fully present
02/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Missing Lease Agreement
The appraisal reflects the subject property is tenant occupied and has a lease. Provide a copy of the executed Lease agreement.
; Documentation received, XXX to review.; Document Uploaded. ; ;
02/20/2026
Received executed Lease agreement. Exception Resolved.
02/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/11/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the loan discount fee on the PCCD XX/XX/XXXX. The fee increased after closing so a COC would not clear the exception.
; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; updated ; Document Uploaded. ; Documentation received, XXX to review.; Condition updated.; ; Document Uploaded. ; Documentation received, XXX to review.; ;
04/06/2026
Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; Cure package is missing proof of delivery, will downgrade upon receipt; Cure package is missing a copy of the check and proof of delivery, will downgrade upon receipt of those items; Cure package is missing a copy of the check and proof of delivery, will downgrade upon receipt of those items; The increase was not disclosed to the borrower until after consummation. PCCDs will not be permitted to rebaseline fee tolerance amounts despite occurrence of a valid changed circumstance (see example in Comment XXX(f)(XXX)(iii)-XXX(ii)). Cure required
04/06/2026
Borrower has stable job time
D
B
C
B
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/10/2026
Resolved
XXX
Compliance
XXX AB 260 Higher-Priced Mortgage Loan Test
This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may laXXXully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. Exception was not downgraded.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
Appraisal delivery provided; HPML compliant
04/06/2026
Borrower has stable job time
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/10/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows; however appraisal requirements not met.
; ; ; ; Document Uploaded. ; Documentation received, XXX to review.;
04/06/2026
Appraisal delivery provided; HPML compliant
04/06/2026
Borrower has stable job time
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/11/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Borrower purchased subject property on XX/XX/XXXX. Seasoning requirement was not met for ownership
; ; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; ; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. ; Documentation received, XXX to review.;
03/28/2026
Property Title Issue Resolved; Reviewed with XXX. The vesting has changed from trust to individual, but the mortgage has been with the borrower the entire time, which meets guideline requirements. Finding is resolved. ; Property Title Issue Resolved; Copy of CD from purchase and contract was provided. Borrower purchased property on XX/XX/XXXX and placed in a Trust. Per XXX XXX guidelines, as well as FNMA, a minimum of XXX months seasoning requirement must be met. At the time of closing (XX/XX/XXXX), there was XXX months seasoning.; ; Trust transferring property to borrower on XX/XX/XXXX was XXX XXX, as Successor Trustee of the XXX Trust Dated April XXX per title report. No documentation provided showing borrower is part of this trust. This is less then XXX months prior to closing. XXX months continuity of obligation was not met. ; Client provided Supplement X verifying XXX Mortgage account, verified per conference call with XXX; last paid XX/XX/XXXX; next due XX/XX/XXXX, No Lates. However, Property Title Issue Borrower purchased subject property on XX/XX/XXXX. Seasoning requirement was not met for ownership.
03/28/2026
Borrower has stable job time
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/11/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing verification of mortgage from XXX. Borrower purchased subject property in XX/XX/XXXX. Verification of at least one payment made on prior loan used to obtain subject property would be needed to ensure loan was not a XXX payment default.
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/04/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client provided VOM for the subject property from XX/XX/XXXX dated XX/XX/XXXX. LM Updated.
03/04/2026
Borrower has stable job time
D
B
D
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/10/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (12 CFR 1026.35(c)(6))
Evidence of Appraisal Delivery to the Borrower Not Provided. Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.
; Documentation received, XXX to review.; Document Uploaded. ;
02/16/2026
Evidence of Appraisal Delivery to the Borrower Provided.
02/16/2026
Borrower has stable job time
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409034041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.
; Documentation received, XXX to review.; Document Uploaded. ;
02/16/2026
Evidence of appraisal delivery provided.
02/16/2026
Borrower has stable job time
D
B
B
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040607
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Required assets are XXX + XXX months Reserves x XXX = XXX = XXX the borrowers are short closing costs and reserves. Statement for XXX #XXX shows the borrower had XXX in the account on XX/XX/XXXX. Online printout shows two pending wires income on XX/XX/XXXX for XXX and XXX however wires are unsourced.
; Document Uploaded. Escrow Agreement and Receipt showing proof of EMD in the amount of XXX has been uploaded to the lender portal. This shows proof that the funds should be included in the cash to close figure. ; Documentation and comment received, XXX to review.; ; ; there are two HELOC Statements XXX. One has an XXX of XXX and the other shows XXX of XXX for a total of XXX when added to the DDA balance. they were both uploaded on XX/XX/XXXX; Documentation and comment received, XXX to review.; ; ; Document Uploaded. updated HELOC Statements showing XXX from HELOC accounts, one from each guarantor; Documentation received, XXX to review.; ; Document Uploaded. The wires were from the HELOC. XXX months of HELOC Statements XXX.; Documentation and comment received, XXX to review.;
04/21/2026
Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.; Client provided XXX HELOC Statement for account #XXX reflecting XXX on XX/XX/XXXX. LM Updated. However, Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Required assets are XXX + XXX months Reserves x XXX = XXX = XXX ; Client provided XXX HELOC Statement for account #XXX reflecting XXX on XX/XX/XXXX. LM Updated. However, Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Required assets are XXX + XXX months Reserves x XXX = XXX = XXX ; Client provided XXX HELOC Statement reflecting XXX on XX/XX/XXXX. LM Updated. Missing evidence of XXX Source.; HELOC Statements provided. Documentation showing funds came from HELOCs required-HELOC Statements do not show withdrawals.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040607
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX%
; ; ; DD Please waive for B Grade. Discussed with XXX team on previous loans and fine if under XXX% Comp Factors: Experienced XXX, DSCR: XXX FICO: XXX;
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose:: XXX FICO: XXX
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040607
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Required assets are XXX + XXX months Reserves x XXX = XXX = XXX the borrowers are short closing costs and reserves. Statement for XXX #XXX shows the borrower had XXX in the account on XX/XX/XXXX. Online printout shows two pending wires income on XX/XX/XXXX for XXX and XXX however wires are unsourced.
; Document Uploaded. Escrow Agreement and Receipt showing proof of EMD in the amount of XXX has been uploaded to the lender portal. This shows proof that the funds should be included in the cash to close figure. ; Documentation and comment received, XXX to review.; ; ; ; Documentation received, XXX to review.; there are two HELOC Statements XXX. One has an XXX of XXX and the other shows XXX of XXX for a total of XXX when added to the DDA balance.; ; Document Uploaded. updated HELOC Statements showing XXX from HELOC accounts, one from each guarantor; Documentation received, XXX to review.; ; Document Uploaded. The wires were from the HELOC. XXX months of HELOC Statements XXX. ; Documentation and comment received, XXX to review.;
04/21/2026
Audited Reserves of XX/XX/XXXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s); Client provided XXX HELOC Statement for account #XXX reflecting XXX on XX/XX/XXXX. However, Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Required assets are XXX + XXX months Reserves x XXX = XXX = $XXX; Client provided XXX HELOC Statement for account #XXX reflecting XXX on XX/XX/XXXX. LM Updated.; Client provided XXX HELOC Statement reflecting XXX on XX/XX/XXXX. LM Updated. Missing evidence of XXX Source.; HELOC Statements provided. Documentation showing funds came from HELOCs required-HELOC Statements do not show withdrawals.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040607
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/10/2026
Resolved
XXX
Credit
Assets do not meet guideline requirements
When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Required assets are XXX + XXX months Reserves x XXX = XXX = XXX the borrowers are short closing costs and reserves. Statement for XXX #XXX shows the borrower had XXX in the account on XX/XX/XXXX. Online printout shows two pending wires income on XX/XX/XXXX for XXX and XXX however wires are unsourced.
; Document Uploaded. 2nd HELOC Statement updated to show additional XXX from the 2nd guarantor. The total of the two XXX is XXX plus the XX/XX/XXXX in the DDA equal $XXX. ; Documentation and comment received, XXX to review.; ; Document Uploaded. XXX are two HELOC Statements showing the two XXX from the HELOC, one from each guarantors' HELOC; Documentation received, XXX to review.; ; Document Uploaded. The wires were from the HELOC. XXX months of HELOC Statements XXX.; Documentation and comment received, XXX to review.;
03/17/2026
Funds are found to meet guidelines.; Client provided XXX HELOC Statement for account #XXX reflecting XXX on XX/XX/XXXX. LM Updated.; Client provided XXX HELOC Statement reflecting XXX on XX/XX/XXXX. LM Updated. Missing evidence of XXX Source. ; When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines.; Client provided XXX HELOC Statement reflecting XXX on XX/XX/XXXX. LM Updated. Missing evidence of XXX Source. ; ; HELOC Statements provided. Documentation showing funds came from HELOCs required-HELOC Statements do not show withdrawals.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040607
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/12/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing operating agreement and articles of organization for entity.
; Documentation received, XXX to review.; Document Uploaded. operating agreement, articles and certificate of good standing XXX. ;
02/23/2026
Articles of Organization and Operating agreement received.
02/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409038277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/12/2026
Rescinded
XXX
Compliance
Charges That Cannot Increase Test
TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Points - Loan Discount Fee on the Initial CD dated XX/XX/XXXX. File does contain a COC (pg XXX) however the COC does not give the date of change or an explanation of the change. 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; Documentation received, XXX to review.; ;
03/14/2026
Valid COC in original loan file - exception rescinded; In order to test accurately, please confirm the date the borrower requested the rate to be lowered. The response includes the reason, but does not include the change date; In order to test accurately, please confirm the date the borrower requested the rate to be lowered. The response includes the reason, but does not include the change date
03/14/2026
  
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/12/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v12
; Documentation received, XXX to review.; Document Uploaded. ; Condition updated XXX ; ; Documentation received, XXX to review.; Document Uploaded. ;
02/23/2026
Business narrative received. ; Affiliated business disclosure uploaded, but is not the same as the Business Narrative.
02/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/12/2026
Resolved
XXX
Credit
purchase Contract is Missing
Loan Purpose is purchase but purchase Contract Doc is Missing
  
02/13/2026
purchase Contract Doc is not Missing, or is XXX.
02/13/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040325
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/17/2026
Resolved
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Fees included in calculation: XXX Doc prep, XXX Origination Fee, XXX Underwriting fee. Cure requires XXX Cure package includes PCCD, LOE, copy of check and proof of delivery
; Please see Seller comment below; This is a QM test that we do not follow on NonQM files; Documentation received, XXX to review.; Document Uploaded. Loan is Non-QM - Compliance Ease passed. XXX loan amount is XXX - Cond States loan amount XXX ? Please review and advise. ; ;
03/10/2026
Loan is not considered high cost and per TM; This loan was underwritten to the XXX's guidelines, and they do not have a XXX% cap on P&F fails. For this trade, XXX will accept loans with QM P&F fails.; The lenders compliance provided also shows a fail for the QM points and fees. The amount listed which is called "total loan amount" has a specific definition which is why it differs from the loan amount: Under Regulation Z, the "total loan amount" for Qualified Mortgage (QM) purposes is defined as the XXX amount of the loan (or the total line of credit for open-end loans) minus points and fees that are financed into that amount.
03/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040320
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/12/2026
Rescinded
XXX
Compliance
Late Charge Percent is greater than XXX%
Late Charge Percent is greater than XXX% Per note the larte charge is XXX% unless applicable law requires a lesser amount, in which event such lesser amount shall be substituted.
; ; ; There is language in the note that reads "unless applicable law requires a longer period of time before a late charge can be imposed, in which event such longer period shall be substituted." There is similar language for the late charge percentage.; ;
03/12/2026
Note contains verbiage "unless applicable law required lower amount/ longer period"
03/12/2026
  
C
A
A
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040320
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/12/2026
Rescinded
XXX
Compliance
Late Charge Grace Period is less than XXX days
Late Charge Grace Period is less than XXX days Per note the grace period is XXX days unless applicable law requires a longer period of time, in which event such longer period shall be substituted.
; ; There is language in the note that reads "unless applicable law requires a longer period of time before a late charge can be imposed, in which event such longer period shall be substituted." There is similar language for the late charge percentage.; ;
03/12/2026
Note contains verbiage "unless applicable law required lower amount/ longer period"
03/12/2026
  
C
A
A
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040320
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Rescinded
XXX
Credit
Missing letter of explanation
The subject property is vacant at the time of appraisal. The lender guideline States that the borrower should provide the cause of vacancy (Letter of Explanation) for refinance transactions, such as recently completed XXX, tenant turnover, etc.
; ;
02/26/2026
Not required per XXX guidelines for this loan program. Finding is rescinded. ; ;
03/11/2026
  
C
A
A
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040320
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements The borrower needs to bring XXX to closing. Life insurance policy with cash surrender value of XXX was listed for funds to close/reserves. Additional assets were listed, however were not verified. The lender guidelines allows net proceeds from the surrender of a life insurance policy or from a loan against the cash value for down payment, closing costs, and reserves. The guidelines requires receipt of funds from the insurance company, a copy of the check from the insurer or copy of the payout Statement issued by the insurer must be obtained. Loan file does not contain evidence of recipe from the insurance company.
; ; ; ; The guides State Net proceeds from the surrender of a life insurance policy or from a loan against the cash value are acceptable for down payment, closing costs, and reserves. The policy in the file lists the amount for net cash surrender. The "or" in the guidelines indicate they don't have to take a loan if the cash amount is listed. ; ; ;
03/11/2026
Asset Qualification Meets Guideline Requirements; The asset qualification requirements for the use of life insurance meets XXX's guidelines. They used the amount of the net proceeds value not the loan and therefore did not need to document receipt of the funds.  Receipt of funds only need to be documented when there is a loan. Finding is resolved. ; Updating status to open. ; Updating status of condition to open. ; The borrower needs to bring XXX to closing. Life insurance policy with cash surrender value of XXX was listed for funds to close/reserves. Additional assets were listed, however were not verified. The lender guidelines allows net proceeds from the surrender of a life insurance policy or from a loan against the cash value for down payment, closing costs, and reserves. The guidelines requires receipt of funds from the insurance company, a copy of the check from the insurer or copy of the payout Statement issued by the insurer must be obtained. Loan file does not contain evidence of receipt from the insurance company.
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040320
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/20/2026
Rescinded
XXX
Credit
Loan does not conform to program guidelines
The loan closed in the name of an LLC. Per XXX DSCR v13 guidelines, prepayment penalties are not allowed in XXX unless the loan closed in the name of an S-Corp or C-Corp.
; ; Per our research, a loan can close in the name of an LLC and have a prepayment in XXX. Please review.; ;
03/02/2026
Prepayment penalty meets XXX laws. ; XXX to review. Loan closed in the name of an LLC, XXX XXX guidelines indicate "Allowed only for loans closed with a borrower structured as a C Corporation or S Corporation only." ; Per XXX DSCR v13 guidelines, prepayment penalties are not allowed in XXX unless the loan closed in the name of an S-Corp or C-Corp.
03/02/2026
  
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040315
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/13/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the loan file was issued on XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/05/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
03/05/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409037934
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
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409040882
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Lender used short term rents to qualify. Per guidelines, Appraisal report must include similar short-term rentals for market rent comparison. XXX reports rent of XXX while short term rents used by lender are $XXX.
; Please review FMHL Variance Document: Lease Requirements " Refinance Transactions • Required documentation: o FNMA form 1007 or XXX reflecting long term market rents, and lease agreement if property is leased. o A vacant or unleased property is allowed without LTV restriction. o Monthly Gross Rents are determined by the higher of actual lease amount or market rent from XX/XX/XXXX. o If using a higher monthly actual lease amount, evidence of XXX-months of receipt is required. Underwriter discretion and/or additional review is required if the actual rent exceeds the market rent by more than XXX% o If using a higher estimated market rent from XXX/ XXX it must be within XXX% of the lease amount. If the estimated market rent exceeds the lease amount by more than XXX% the estimated market rent is capped at XXX%.";
02/19/2026
Qualifying DSCR meets Guidelines
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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A
C
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409040882
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Incomplete Interest only term blank on note. Note is an IO note and approved as IO per the loan approval
; Documentation received, XXX to review.; Document Uploaded. enclosed please find the correct note that you will receive ;
02/23/2026
The Note is Present; Client provided Corrected Interest-Only Fixed Rate Note. LM Updated.
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
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D
D
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409040882
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing history for all financed properties owned.
  
02/17/2026
Housing History Meets Guideline Requirements; Confirmed the properties in question are held in the name of the LLC and are not required to provide a pay history. Finding is resolved.
03/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
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D
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D
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409040882
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Loan does not conform to program guidelines
Provided for information only: FMHL approved a guideline exception to exposure over XXX loans/ $XXX. FM approved exception in file with compensating factors of FICO XXX points or more above requirement, Total Debt XXX% or more under requirement, DSCR XX/XX/XXXX or greater.
02/17/2026
Information only.
02/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
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D
A
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D
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409040887
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Interest only term blank on note. Note is an IO note and approved as IO per the loan approval
; ; Document Uploaded. Uploaded docs to send to DD to review.; ; ; note was signed by borrower... what other evidence would we be able to show... it was not sent via XXX as the settlement agent met the borrower to execute ; ; Documentation received, XXX to review.; Document Uploaded. enclosed please find the correct note (correct page #XXX) and the correct XXX payment letter... please advise if you need us to send page #XXX of the note via XXX ;
03/27/2026
The Note is Present; There is a discrepancy in pages. Page one at the bottom right hand corner is dated XX/XX/XXXX, page XXX & XXX are dated XX/XX/XXXX. XXX payment letter was not signed by the borrower. There is no confirmation that the new page XXX was received by the borrower. ; Corrected note received, Evidence note sent to borrower with change of terms required.
03/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%
D
A
D
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D
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409040887
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing history for all financed properties owned
; All of borrowers REOs are in an LLC and for DSCR should not have to provide the histories; per FM guidelines, This is not required on DSCR loans. Only Primary, Subject or properties used for rental experience are needed to verify. ; ; DD to reopen finding. Per FraudGuard in file following properties owned by borrower and primary residence. VOR, VOM or Evidence free and clear would be needed as requested by DD. XXX Crown St XXX Y,XXX; XXX N XXX DRIVE POMPANO BEACH, FL, XXX; XXX N XXX DRIVE POMPANO BEACH, FL, XXX; XXX N XXX DRIVE POMPANO BEACH, FL, XXX; XXX N XXX DRIVE POMPANO BEACH, FL, XXX; please advise what you are requesting ;
03/24/2026
Housing History Meets Guideline Requirements; ; Mortgage history required to be verified and reconciled. per XXX guidelines.
03/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%
D
A
C
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D
A
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A
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D
D
A
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D
D
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D
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D
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409040887
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Loan does not conform to program guidelines
Provided for information only: FMHL approved a guideline exception to exposure over XXX loans/ $XXX. FM approved exception in file with compensating factors of FICO XXX points or more above requirement, Total Debt XXX% or more under requirement, DSCR XX/XX/XXXX or greater.
02/17/2026
Information only.
02/17/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%
D
A
A
A
D
A
A
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D
D
A
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D
D
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D
D
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D
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409038926
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Borrower 1 Deed of Trust Signature does not match Note
Borrower 1 Signature does not match Note Note and Deed of Trust discloses borrower's middle name as XXX. Borrower's middle name per driver license and Final 1003 is XXX. Provide updated Note and Deed of Trust showing the correct middle name.
; Documentation received, XXX to review.; Document Uploaded. resigned docs; ; ; ; ;
04/08/2026
Borrower 1 Signature matches Note; Client provided Updated Documents reflecting the Borrower middle name spelling corrected. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
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A
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C
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409040537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/13/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($82,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%. XXX Expanded v12 allows non-QM due to rate spread. Condition is for information only.
;
03/02/2026
Information only.
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
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D
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409040537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/16/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v12
; Documentation received, XXX to review.; Document Uploaded. ;
03/02/2026
Client provided Business Narrative for XXX. LM Updated.
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
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A
A
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D
D
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D
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409040537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/13/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Missing the Lender's Fraud Report.
; Documentation received, XXX to review.; Document Uploaded. ;
02/26/2026
Third Party Fraud Report is provided; Client provided Third Party Fraud Report. LM Updated.
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
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D
D
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409040295
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
                      
A
A
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409040296
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/18/2026
Resolved
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX.
; ; ;
02/25/2026
Loan is not considered high cost and per TM; This loan was underwritten to the XXX's guidelines, and they do not have a XXX% cap on P&F fails. For this trade, XXX will accept loans with QM P&F fails. ; Cure required: Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The following fees were included in the calculation: Mortgage Broker Fee (Indirect) $XXX; Points - Loan Discount Fee $XXX. and Underwriting Fee XXX If Discount Points are bonafide and excludable, providing the PAR (undiscounted) rate may cure the violation
03/09/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
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D
D
A
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D
D
A
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A
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409040296
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing XXX months of business bank Statements for XXX #XXX
; Two months of Statements were provided in order to grant XXX% deposits into the personal account. three months are not needed; XX/XX/XXXX guidelines require XXX mo business bank Statements in order to consider XXX% deposits from personal account.; ; ; ;
03/06/2026
Income and Employment Meet Guidelines; Client States: Two months of Statements were provided in order to grant XXX% deposits into the personal account. three months are not needed. Verified. LM Updated.
03/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
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D
D
A
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D
D
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A
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409040296
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/17/2026
Resolved
XXX
Credit
The Initial 1003 is Missing
The Initial 1003 is Missing Missing the initial 1003 application.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ;
03/05/2026
The Initial 1003 is Present; Client provided Initial 1003 executed XX/XX/XXXX. LM Updated.
03/05/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
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D
D
A
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D
D
A
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A
A
A
A
A
A
A
A
409040203
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/17/2026
Waived
XXX
Credit
Application Profile Missing
Missing required Business Narrative for XXX XXX Expanded Bank Statement program v12
; DD to waive for B Grade. Discussed with XXX Team on other loans and fine to proceed with seller not requiring. Comp Factors: XXX FICO; XXX% DTI; XXX mos PITIA reserves; XXX per montXXXth Residual Income.; XXX is buying to NDM's Guideline which do not require the Business narrative, please clear;
02/25/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX% DTI; XXX mos PITIA reserves; XXX per montXXXth Residual Income.
02/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040203
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/17/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Inquiries within XXX days of closing were not addressed
; Documentation received, XXX to review.; Document Uploaded. ;
02/23/2026
Client provided LOE for XXX day inquiries dated XX/XX/XXXX. LM Updated.
02/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Waived
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification of housing payment history for primary residence and XXX "XXX". Final 1003 reflects primary residence has a monthly mortgage payment of XXX and screen shot provided for XXX on rental property XXX" was provided. XXX DSCR v13 guidelines require housing history reflect XXX.
; Please waive for Grade B- comp factors XXX% DSCR, 70% LTV, XXX Score. Property is owned by LLC- not borrower as an individual.; ; ; ; ; ; ; Document Uploaded. primary residence located at XXX is owned free & clear property detail report is in your loan package starting on page XXX looks like the payment that was added for this property is actually for the investment property located at XXX--I have updated the 1003 to reflect this information and provided docs for XXX XXX XXX loan---please note the XXX pymt letter has their primary residence address on it as XXX is an investment property ; Documentation and comment received, XXX to review.; ;
03/24/2026
; Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DSCR, 70% LTV, XXX Score. Property is owned by LLC- not borrower as an individual.; ; Documentation provided showing closing date and XXX payment date for property at XXX XXX to be XX/XX/XXXX. Screenprint provided showing loan is due for XX/XX/XXXX, however dates of payments were not provided showing that payments were made on time.
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Loan closed in LLC name. XXX DSCR v13 guidelines require an executed W9 for all borrowers/guarantors.
; ; Please waive for Grade B- comp factors XXX% DSCR, 70% LTV, XXX Score; ;
03/24/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR of XXX score and 70% LTV.
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert Final 1003 reflects XXX for monthly taxes and appraisal reflects annual taxes of XXX The Tax Record Information sheet provided was left blank and title report reflects XXX / XXX = XXX a month. Provide verification of subject property taxes.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; New XXX home- see page XXX; ;
03/19/2026
Property Tax Cert Provided; Client provided Conditional Approval for property tax verification. However, an estimate from the title company or similar is required.
03/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts Loan Safe fraud report reflects additional properties not disclosed on the Final 1003 (XXX XXX). Additionally, a lease for residential property "XXX" was provided and not disclosed on the Final 1003. Provide updated Final 1003 disclosing all properties owned by borrower.
; Please waive for Grade B. ; Documentation and comment received, XXX to review.; Document Uploaded. not a valid condition--no suspense fees should be incurred ; ; ; ; ;
03/18/2026
All Fraud Report Alerts have been cleared or None Exist
03/18/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Waived
XXX
Property
Ineligible Property
Per XXX website, property is a rural property.
; Please waive for Grade B- Comp factors, DSCR of XXX score and 70% LTV. ; ; ; ; ; ; ;
03/12/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR of XXX score and 70% LTV.;
03/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039790
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX guidelines, escrow account for taxes and insurance required. No Escrow account established at closing.
; ; Waive for Grade B- Comp factor- XX/XX/XXXX DSCR, XXX Fico, New XXX;
02/25/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XX/XX/XXXX DSCR, XXX Fico, New XXX
02/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039975
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/19/2026
Rescinded
XXX
Credit
Audited FICO is less than Guideline FICO
Audited FICO of XXX is less than Guideline FICO of XXX
; Document Uploaded. XXX DSCR program allows FICO to XXX for XXX% cash out up to XXX with DSCR >XXX; ;
02/23/2026
; Audited FICO of XXX is greater than or equal to Guideline FICO of XXX
02/23/2026
  
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered.
  
03/27/2026
The issue with the property has been resolved.
03/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). The hazard insurance does indicate replacement coverage; however, no RCE provided and no evidence of extended coverage calculations.
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/27/2026
Client provided letter from Coversa Insurance Agency stating: It is the practice of this agency to insure structures for XXX% of their Estimated replacement cost. Coverage A- Dwelling limit reflects the estimated minimum replacement cost based on information provided by the policyholder and/or industry standard software. This policy insures up to the dwelling limit, minus the applicable deductible. We do not insure the loan value, appraisal value, or mortgage value, we ensure the cost to rebuild the home. LM Updated.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
03/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
Missing rent comparable schedule form 1007
The subject loan is based on DSCR guidelines which require an analysis of market rents. The appraisal in file does not contain form 1007 or any other documentation reflecting market rents.
; ; Document Uploaded. ;
03/27/2026
Client provided Comparable Rent Schedule for the subject. LM Updated.
03/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
D
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Waived
XXX
Property
Appraisal is Missing
Appraisal is Missing. The value used for LTV of 50.605% is $XXX per XXX and Lender Approval. The subject property has only been owned for XXX months. DSCR XXX GLs require the user of the lesser of the cost basis or current appraised value. The current appraised value is $XXX. The value used of $XXX is presumably the purchase cost of $XXX plus $XXX in improvements. Documentation supporting the improvements has not been provided.
; PLease review rebuttal; Please waive on exception for B-Grade. Comp Factors: FICO XXX (XXX) LTV 50.6% (XXX% max) Experienced XXX XXX mortgage history XXX months reserves (XXX required); Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. ; are we clear here?; Documentation received, XXX to review; Document Uploaded. ; Documentation received, XXX to review.;
03/27/2026
Client approved an exception to guidelines to allow for use of current appraised value. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX (XXX) LTV 50.6% (XXX% max) Experienced XXX XXX mortgage history XXX months reserves (XXX required).; XXX did not request receipts for improvements. This was a cash-out refinance based on the current appraisal value. At the time of closing, appraisal was reviewed, CDA obtained to confirm value, and no further stipulations were required. Resi guidelines allowed for using the appraised value as long as the borrower owned the home > XXX months. We would like to request an exception to use the appraised value with almost XXX months’ seasoning. We are requesting a XXX-month exception with the CDA supporting the; Documentation received, XXX to review.; Updated XXX provided, however documented improvements are missing from the loan file. ; ;
03/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
D
B
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/23/2026
Resolved
XXX
Credit
purchase is not considered to be an Arm's Length Transaction
Borrower is the builder of the subject property. This is considered to be a non-arm's length transaction per XXX Guidelines.
; Please review rebuttal; Transaction is not considered NAL as it is a refinance transaction. Property was built in XXX and borrower would not be the original builder - borrower is licensed contractor completing XXX on their own property. This is not considered NAL and has no impact on the transaction. ; Document Uploaded. ; Documentation received, XXX to review.; ; ; Document Uploaded. ; are we clear here?; Documentation received, XXX to review.; Document Uploaded. ; Documentation received, XXX to review.;
03/27/2026
purchase is considered to be an Arm's Length Transaction, or XXX; The subject transaction is not NAL. Finding is resolved. ; This condition is under review for the non-arm’s length characteristics XXX has sighted. The borrower purchased the home in XX/XX/XXXX using their business entity name. They made improvements to the home in order to get it in a desirable condition to rent out. The borrower’s business did not build the home, they did XXX. XXX comments above makes it sound like they built the home from the ground up and why there may be a non-arm’s length conflict misunderstanding. I hope that we can resolve this matter after further review by management at XXX.; Documentation received, XXX to review.; XXX to review non-arm's length transaction letter. Seller States "This loan is not a purchase transaction so “non-arm’s length” characteristics do not apply. The borrowers made the improvements before offering the property for rent."; ; ; ; Loan is still considered a Non-Arm's length transaction. Borrower is the builder of the subject property as borrower is the XXX of XXX XXX LLC.
03/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX DSCR calculation can not bee completed due to no market rents or leases provided.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
03/03/2026
Qualifying DSCR meets Guidelines; Missing Lease agreement.
03/03/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: The DSCR XXX GLs require an SFR be leased for a refinance. The appraisal indicates the subject property is vacant and no lease or documentation proving the subject is rented has been provided.
; Documentation received, XXX to review.; lease; ; Documentation received, XXX to review.; Document Uploaded. ;
03/03/2026
Property/Appraisal Meets Guidelines; Client re-uploaded Appraisal document. Missing lease agreement for the subject property.
03/03/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/18/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert The property tax cert is in file. However, the FCD reflects a monthly property tax liability of XXX (which just happens to be identical to the flood insurance monthly premium). The tax bills and title tax cert reflect taxes of XXX per month. Lender to provide updated tax cert from the title company or Post FCD reflecting corrected property taxes being escrowed.
; Documentation received, XXX to review.; Document Uploaded. ;
03/03/2026
Property Tax Cert Provided
03/03/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.6% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.6% is less than Guideline LTV of 70%
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040894
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/19/2026
Cured
XXX
Compliance
TILA Finance Charge Test
This loan failed the TILA finance charge test.(12 CFR §1026.38(o)(2) he finance charge is $XXX. The disclosed finance charge of XXX is not considered accurate because it is underStated by more than XXX TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX.
; Document Uploaded. ; Documentation received, XXX to review.; ; Please see your original condition-Stated, "The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX." and now you say it is NOT included. Correct?; DD to clarify and reopen finding - Seller comment" Please see your original condition-Stated, "The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX." and now you say it is NOT included. Correct?" Per DD notes on update on XX/XX/XXXX update - The XXX condo processing fee was not included in the lender finance charge calculation therefore finance charges on page XXX of the CD were under disclosed and require a cure; ; ; I do not understand what the issue is. You are asking us to refund the XXX for the condo processing fee not being disclosed. I then provided the COC and evidence sent to the borrower where it was disclosed. Then you asked for evidence the docs were delivered-then asked for the COC from another disclosed date and evidence that was sent to the client. We dont need to refund something we disclosed to the client-Please help me understand what I am missing.; ; ; ; ; ; ; ; Document Uploaded. Evidence XX/XX/XXXX COC and LE were edelivered; Documentation received, XXX to review.; ; Document Uploaded. This is the same stuff uploaded for the other condition-these conditions go hand in hand. I realized I didn't provide it for BOTH conditions in case you needed that done. thanks!; Documentation and comment received, XXX to review.;
03/26/2026
Cure package provided to the borrower; exception downgraded to a 2/B; The fees listed in the original response are the fees the TPR used in determining the calculated finance charges. The fees included in TPR testing are listed so the lender/client can see where the difference in their own testing may be been. Since this file included the loan detail report it was reviewed and noted that it appears the lender did not include the condo processing costs. ; The issue is regarding the finance charge calculation on pg XXX of the CD, not XXX% tolerance. The XXX condo processing fee was not included in the lender finance charge calculation therefore finance charges on page XXX of the CD were under disclosed and require a cure; No new docs were uploaded for review-- finding still XXXs opened The finance charges at consummation were under disclosed. TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX.; The finance charges at consummation were under disclosed. TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX.; Documentation provided did not resolve the exception. The finance charges at consummation were under disclosed. TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The fees included in the finance charge calculation include: Origination XXX tax service XXX discount points XXX flood cert XXX condo processing XXX settlement XXX and prepaid interest $XXX.
03/26/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040894
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/18/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was XXXled, and therefore not received by the consumer XXX business days prior to the consummation date, XX/XX/XXXX. The defect can be cured by providing evidence showing the consumer received the loan estimate at least XXX business days prior to consummation.
; Document Uploaded. Evidence of the XX/XX/XXXX COC and LE were delivered-PLEASE CLEAR; Documentation received, XXX to review.; ; ; Documentation received, XXX to review.; The uploaded docs show the edisclosure to the client which is all we are required to provide when they sign the ok to delivery electronically. Please clear; ; Document Uploaded. LE with COC showing evidence of e-delivery to the client for the XXX condo processing fee charge; Documentation received, XXX to review.;
03/18/2026
Revised LE receipt date provided; exception resolved; Unless the borrower acknowledges receipt or the documentation shows the borrower opened or viewed the document, the XXXlbox rule applies to an electronically sent document. The XX/XX/XXXX LE document is not considered received at least XXX days prior to consummation; Unless the borrower acknowledges receipt or the documentation shows the borrower opened or viewed the document, the XXXlbox rule applies to an electronically sent document. The XX/XX/XXXX LE document is not considered received at least XXX days prior to consummation ; documentation provided does not show the borrower received the revised LE dated XX/XX/XXXX at least XXX days prior to consummation; Unless the borrower acknowledges receipt or the documentation shows the borrower opened or viewed the document, the XXXlbox rule applies to an electronically sent document. The XX/XX/XXXX LE document is not considered received at least XXX days prior to consummation
03/18/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409037646
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/20/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements XXX XXX Expanded DSCR v13 guide requires two full months of all assets. Please provide additional month for XXX acct#XXX and XXX XXX acct #XXX and XXX and XXX acct #XXX
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Asset Qualification Meets Guideline Requirements.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409037646
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/20/2026
Resolved
XXX
Credit
Missing Lease Agreement
Subject Property: There is a current lease in place for a total of XXX (Both units at XXX each per month) according to the appraisal XXX however, there is no actual lease agreement provided in the loan file for Audit verification.
; Documentation received, XXX to review.; Document Uploaded. ;
02/26/2026
Client provided leases for both Units. LM Updated.
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039424
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040290
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/24/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraisal shows deferred XXX with peeling paint. Not addressed on appraisal.
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Appraisal updated and reflects cost to cure for peeling paint in the amount of $XXX; condition cleared.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/23/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX. Not permitted per XXX XXX DSCR guidelines.
; ; Please waive for B grade - XXX has made an exception - COMP FACTORS: • FICO XXX • DSCR >XXX • Experienced XXX ; ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX • DSCR >XXX • Experienced XXX
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/20/2026
Rescinded
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Provide Personal Guaranty not contained in load file.
; ; Personal Guaranty is in the file on p XXX - please review;
04/17/2026
Personal Guaranty is located in the loan file. ; Personal Guaranty provided.
04/17/2026
  
D
B
A
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/23/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing EIN documentation for LLC
; Documentation received, XXX to review.; Document Uploaded. ;
04/01/2026
  
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039170
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/20/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Business Entity Formation Documents and EIN
; Documentation received in XXX review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Client provided IRS EIN assignment form reflecting EIN for XXX. LM Updated.; Client provided Articles of Organization, XXX and Operating Agreement. However, Missing EIN.; Client provided VOM and Business Purpose & Occupancy Affidavit. However, Missing Business Entity Formation Documents and EIN.
04/20/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040020
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/24/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the loan file was issued on XX/XX/XXXX and signed on XX/XX/XXXX. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/27/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
03/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040020
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v12
; Please waive for B grade. XXX granted exception. Comp factors: FICO XXX /LTV below max / XXX history; XXX buys by NDM's guidelines, we don't require a business narrative, please clear thank you, ;
03/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX /LTV below max / XXX history
03/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040020
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
03/05/2026
Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.
03/05/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040020
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s)
; Documentation received, XXX to review.; Document Uploaded. ;
03/05/2026
Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)
03/05/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040020
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/24/2026
Resolved
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery or a Valid COC. The tolerance violation in the amount of XXX is due to decrease from XXX to XXX for the Lender Credits. Because the loan failed the initial CD delivery date test due to missing Initial closing disclosure, any values that would be under a valid COC, if the disclosure had been provided, will not be considered valid for tolerance purposes. The violation may be cured if missing closing disclosure(s) are provided. Additional testing will be completed once the Initial CD is provided.
; Documentation received, XXX to review.; Document Uploaded. ;
03/03/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
03/03/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409038558
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/25/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property is designated as Rural per XXX. Not permitted per XXX XXX DSCR guidelines.
; Document Uploaded. Exception granted. Please note there is a cost of XXX for the exception. DD to waive for B grade, exception XXX.; ; ;
03/04/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX Experienced XXX, DSCR = XXX
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/24/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Two business accounts were combined to qualify borrowers. Acct# XXX and Acct# XXX (See LOE on page XXX). Co-mingling of multiple accounts to generate a full XXX months is not permitted per guidelines.
; ; ; Escalated to DD for review. Verified XXX months each account with corresponding time period provided.; Both accounts for the same business, co-mingles accounts are defined as borrower who does not XXXtain separate business and personal accounts (ie personal account that co-mingles business activity) Both accounts are full XXX months. ;
04/02/2026
Additional information provided. Both accounts were received with XXX months Statements and are business accounts. Finding cleared.
04/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.28% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 51.28% is less than Guideline LTV of 75%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/24/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement Program v12
; DD to waive for B Grade. Seller does not have approved variance but does not required per their guidelines. Based on prior reviews fine to waive for B Grade the requirement for Business Narrative. Comp Factors: XXX FICO; XXX mos PITIA reserves; 51.28% LTV; Per XXX guidelines business narrative is not required, please waive condition ;
03/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; 51.28% LTV
03/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.28% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 51.28% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041163
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
Borrower 1 Business Bank Statements Less Than XXX Months Provided
XXX # XXX XXX XXX Statement missing.
; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ;
03/03/2026
Client provided XXX account #XXX Statement for XX/XX/XXXX. LM Updated.
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
The file only contains a CD dated XX/XX/XXXX and XX/XX/XXXX This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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.
Document Uploaded. Please see the XXX signed Initial CD dated XX/XX/XXXX.
03/02/2026
Initial CD provided; Exception resolved; Initial CD provided; Exception resolved
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65.68% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65.68% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65.68% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65.68% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65.68% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65.68% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy A copy of the master policy was not provided.
Document Uploaded. Please see XXX condo insurance policy.
03/02/2026
HO-6 Master Insurance Policy is fully present
03/02/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044528
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). TILA 130b Cure required: Cure of XXX required, Because the SSPL dated within XXX days of the loan application is missing, the changes resulted in threshold to go above the allowable tolerance. A cost to cure in the amount of XXX is required. The defect may be resolved by providing the missing document. If curing the violation Refund in the amount of XXX cure package requires PCCD, LOE, copy of refund check, proof of delivery or providing an SSPL issued within XXX days of the loan application date.
Document Uploaded. Please see uploaded document, SSPL dated within XXX days of application. ; The fees in section C are not subject to XXX% tolerance testing as the fees were paid to a non-affiliate.
03/02/2026
SSPL provided; exception resolved; SSPL provided; exception resolved; The SSPL in file is not dated within XXX days of the application date, therefore all fees in section C are tested as part of the XXX% tolerance category.
03/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044528
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044528
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044500
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044500
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044500
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
XXX AB 260 Higher-Priced Mortgage Loan Test
This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may laXXXully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Documentation required to cure: Provide evidence the borrower received the appraisal at least XXX business days prior to loan consummation.
Please see XXX confirming the appraisal was sent to the borrower on XX/XX/XXXX. Please review to clear this and XXX conditions.
03/02/2026
Appraisal delivery provided; HPML compliant
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 27.78% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 27.78% is less than Guideline LTV of 65%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Documentation required to cure: Provide evidence the borrower received the appraisal at least XXX business days prior to loan consummation.
Please see XXX confirming the appraisal was sent to the borrower on XX/XX/XXXX. Please review to clear this and XXX conditions.
03/02/2026
Appraisal delivery provided; HPML compliant
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 27.78% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 27.78% is less than Guideline LTV of 65%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Appraisal Delivery to the Borrower is Greater than XXX days Prior to Consummation (12 CFR 1026.35(c)(6))
Confirmation of Appraisal delivery date to the borrower of XX/XX/XXXX is less than XXX days prior to consummation of XX/XX/XXXX. Documentation required to cure: Provide evidence the borrower received the appraisal at least XXX business days prior to loan consummation.
Document Uploaded. Please see XXX confirming the appraisal was sent to the borrower on XX/XX/XXXX. Please review to clear this and XXX conditions.
03/02/2026
Date of Borrower Receipt of Appraisal exceeds XXX business days from Closing Date, or XXX
03/02/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 27.78% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 27.78% is less than Guideline LTV of 65%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 27.78% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 27.78% is less than Guideline LTV of 65%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 27.78% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 27.78% is less than Guideline LTV of 65%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML escrow established, appraisal requirement met
  
Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.; Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.
03/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Acknowledged
XXX
Compliance
RESPA Homeownership Counseling Organizations Disclosure Date Test
Documentation Required to clear exception: Provided proof of Homeownership Disclosure issued within XXX days of application date This loan failed the homeownership counseling organizations disclosure date test due to the following findings: (12 CFR §1024.20(a) he loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan Originator's application date (or the date creditor received application if loan Originator's application date is not provided); orThe homeownership counseling organizations disclosure date is after the closing date ot later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than XXX days prior to the time when the list is provided to the loan applicant from either:(XXX he website XXXtained by the Bureau for lenders to use in complying with the requirements of this section; or(XXX ata made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data his calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(b) and as it relates to §XXX (list of homeownership counseling organizations provided not later than XXX business days after a loan Originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict lease note: This test does not validate the content of any list of homeownership counseling organizations.
Unable to Resolve-Seller acknowledges the exception, no change to grading.; Document Uploaded. Please see XXX counseling disclosure.
03/03/2026
Confirmed : Unable to Resolve-Seller acknowledges the exception, no change to grading.; HOC list was not provided within XXX days of the application date XX/XX/XXXX
03/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
B
B
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044558
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.07% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.07% is less than Guideline CLTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044558
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.07% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.07% is less than Guideline CLTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044558
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.07% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.07% is less than Guideline CLTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044453
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044453
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044453
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044513
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044513
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044513
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044454
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments
The loan file is missing verification of subject property taxes. Please provide verification of subject property taxes.
Document Uploaded. Please see uploaded document, tax cert for subject property as requested.
03/02/2026
Lender provided subject property tax cert.
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044454
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044454
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044561
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Acknowledged
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.
Unable to Resolve-Seller acknowledges exception, no change in grading ; Document Uploaded. Please see the esigned appraisal waiver XXX; Document Uploaded. Please see XXX
03/04/2026
Acknowledged as grade 2/B per client request; Document provided confirms the borrower waived their right to receive the appraisal at least XXX days prior to consummation, however under XXX(a), the borrower is still required to receive a copy of the appraisal at or prior to consummation, provide documentation to show the borrower received the appraisal timely ; Document provided confirms the borrower has a right to receive a copy of the appraisal, but i does not confirm the borrower did receive a copy timely
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.34% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.34% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
B
B
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044561
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.34% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.34% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044561
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.34% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.34% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044514
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
Flood Insurance Policy Missing
Missing Flood Insurance Policy Per the Flood Cert in the loan file, the subject property is in a Flood Zone and requires flood insurance. The loan file was missing the flood insurance documentation, please provide.
Document Uploaded. Please see the XXX flood insurance policy.
03/02/2026
Flood Insurance Policy is fully present
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044514
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy Subject property is a XXX. Subject property Master Insurance Policy is missing from the loan file. Please provide.
Document Uploaded. Please see XXX condo master insurance policy.
03/02/2026
HO-6 Master Insurance Policy is fully present
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044514
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044514
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044525
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate in clean up review. exception rescinded Applied undiscounted rate in clean up review. exception rescinded
    
05/21/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044525
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
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A
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A
A
A
A
A
A
A
A
409044525
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
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A
A
A
A
A
A
A
409044525
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
409044501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
409044501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
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A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
409044501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044541
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required.  Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX on the CD dated XX/XX/XXXX to XXX on the final CD dated XX/XX/XXXX without valid COC.
Document Uploaded. Please see the screen shots XXX from XXX internal underwriting system. It confirms that on XX/XX/XXXX, there was a XXX pricing change for a second rate lock extension. This change the total points from XXX to XX/XX/XXXX and impacted the credits we could extend to the consumer.
03/02/2026
Valid COC provided; exception resolved; Valid COC provided; exception resolved
03/03/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.81% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.81% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044541
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.81% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.81% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044541
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.81% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.81% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044546
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.86% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044546
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.86% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044546
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.86% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044516
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX.
  
Confirmed Non QM Loan
03/13/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044516
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.73% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.73% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044516
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.73% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.73% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044516
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.73% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.73% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044557
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX business days prior to the consummation date is required, but missing from the loan file.
Document Uploaded. Please see the XXX confirmation of appraisal delivery.
03/02/2026
Evidence of appraisal delivery provided.
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.23% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.23% is less than Guideline LTV of 80%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044557
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.23% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.23% is less than Guideline LTV of 80%
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044557
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.23% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.23% is less than Guideline LTV of 80%
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044522
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate in clean up review. Exception rescinded Applied undiscounted rate in clean up review. Exception rescinded
    
05/21/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044522
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044522
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044522
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044515
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.37% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044515
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.37% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044515
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.37% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044569
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.45% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.45% is less than Guideline LTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044569
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.45% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.45% is less than Guideline LTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044569
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.45% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.45% is less than Guideline LTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.64% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.64% is less than Guideline CLTV of 85%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.64% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.64% is less than Guideline CLTV of 85%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044526
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.64% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.64% is less than Guideline CLTV of 85%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044463
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044463
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044463
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044464
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044464
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044464
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044465
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
Approval/Underwriting Summary XXX Provided
Approval/Underwriting Summary XXX Provided. The XXX provided in the loan file does not reflect a DTI. The verified DTI is XXX%. Please provide an updated XXX
Please be advised this is a function of product as this product type is not run through automated underwriting findings.
03/02/2026
Found DTI on QM Findings report.; Approval/Underwriting Summary is fully present
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044465
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
A
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044465
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/27/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
A
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044497
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate in clean up review. Exception rescinded Applied undiscounted rate in clean up review. Exception rescinded
    
05/21/2026
  
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044497
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was XXXled, and therefore not received by the consumer XXX business days prior to the consummation date, XX/XX/XXXX. The defect can be cured by showing the consumer received the disclosure XXX business days prior to consummation.
Document Uploaded. Please see the XXX internal screenshot showing that the LE dated XX/XX/XXXX was viewed/received by the borrower on XX/XX/XXXX. Please be aware, 'Website FYI' denotes the time the LE was viewed/received by the borrower electronically.
02/27/2026
Revised LE receipt date provided; exception resolved; Revised LE receipt date provided; exception resolved
03/02/2026
Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044497
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044497
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044468
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044468
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044468
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044472
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044472
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044472
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044475
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044475
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044475
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044476
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
XXX AB 260 Higher-Priced Mortgage Loan Test
This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may laXXXully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Copy of appraisal was provided to borrower and taxes & insurance were escrowed
  
Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.
03/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044476
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Copy of appraisal was provided to borrower. Taxes & insurance were escrowed.
  
Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.
03/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044476
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Revised LE issued XX/XX/XXXX, no evidence when received. Loan closed XX/XX/XXXX
Document Uploaded. Please see XXX confirming when the LE was viewed. Website FYI is the borrower viewing the document.
02/27/2026
Revised LE receipt date provided; exception resolved; Revised LE receipt date provided; exception resolved
03/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044476
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044476
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044480
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.17% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 32.17% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044480
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.17% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 32.17% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044480
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.17% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 32.17% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044482
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was XXXled, and therefore not received by the consumer XXX business days prior to the consummation date, XX/XX/XXXX. The defect can be cured by showing the consumer received the disclosure XXX business days prior to consummation. If the disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.
Document Uploaded. Please see the XXX internal screenshot showing that the LE dated XX/XX/XXXX was viewed/received by the borrower on XX/XX/XXXX. Please be aware, 'Website FYI' denotes the time the LE was viewed/received by the borrower electronically.
03/02/2026
Revised LE receipt date provided; exception resolved
03/13/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 32.5% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.5% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
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A
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A
A
A
A
A
A
A
A
A
A
409044482
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 32.5% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.5% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044482
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 32.5% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 32.5% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044505
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
Homeownership Counseling Disclosure Is Missing
Homeownership Counseling Disclosure Is Missing Cure- provide Homeownership counseling organizations disclosure dated within XXX days of initial application XX/XX/XXXX.
Document Uploaded. Please see XXX counseling disclosure.
03/02/2026
Homeownership Counseling Disclosure Is Present or XXX
03/02/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
409044505
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044505
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044518
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.26% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 23.26% is less than Guideline LTV of 70%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044518
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/25/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.26% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 23.26% is less than Guideline LTV of 70%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044518
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/26/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
02/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.26% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 23.26% is less than Guideline LTV of 70%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040006
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Rescinded
XXX
Credit
Application Profile Missing
Loan Originator XXX NMLS XXX is not showing active for the State of XXX.
; Document Uploaded. Please rescind finding per XXX Compliance document XXX. Thank you,; This is a DSCR loan and the loan Originator is not required to be licensed. ;
03/24/2026
Business purpose loans excluded from requirement.
03/24/2026
  
C
A
A
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040006
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Unit XXX shows vacant in the photos but per the new lease agreement it's now leased. Appraiser did update to "tenant" occupied. However, we are missing proof of receipt for the security deposit on both units, both are new leases within XXX days or closing date.
; Documentation received, XXX to review.; Document Uploaded. ;
03/06/2026
Property/Appraisal Meets Guidelines; Client States: Please note that XXX was the rental broker for both units of XXX XXX. On XX/XX/XXXX XXX released the security deposits for both units to XXX. Provided Check reflecting XXX to XXX. LM Updated.
03/06/2026
  
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042019
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Property
Condo Approval Missing
Condo Approval Missing. Lender to provide condo approval.
; DD to review: Finding still open. Please review and note if any issues with condo approval uploaded.; Documentation received, XXX to review.; Document Uploaded. Please see XXX Condo Cert.;
03/04/2026
Condo Approval is provided.; Client provided Condo Limited Project Review Checklist reflecting Certify that the subject condo meets the limited review requirements for FNMA/FHLMC. LM Updated.; Condo Approval is provided.; Client provided Condo Approval. LM Updated.
03/04/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042019
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Business Purpose Affidavit.;
03/04/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose Loan Certification and Attestation. LM Updated.
03/04/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
B
A
A
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041021
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
02/27/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Fees included in testing: XXX Lender paid Broker compensation; XXX Discount points; XXX underwriting fee
; Document Uploaded. DD to waive for B Grade. Approved exception XXX. Comp Factors: XXX FICO; No Mortgage Lates in Last XXX months; XXX% DTI; XX/XX/XXXX mos PITIA reserves; Points and Fees Under XXX%; ; ; XXX to review for Exception - Exception entered and pending review - DD to re-open condition.; This should be reviewed at XXX% and not XXX please re-review. ;
04/16/2026
Waived per client request. Risk accepted for B grade. Client acknowledged the following compensating factors for this purpose: XXX FICO; No Mortgage Lates in Last XXX months; XXX% DTI; XX/XX/XXXX mos PITIA reserves; Points and Fees Under XXX%.;
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042015
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The bank Statements indicate the borrower is purchasing XXX units in addition to the subject property within the same project that were not disclosed on the final application. (Unit XXX and XXX). Provide corrected application disclosing all properties currently owned or in the process of being purchased along with closing dates or estimated closing dates.
; In review for possible exception if unable to cure with updated 1003. DD to reopen.; Please cancel this condition as it is invalid. The subject property is Unit XXX The application is for properties owned, and other Units were not owned at time of application. These properties are all investment properties, subject to DSCR and not DTI.;
04/07/2026
The Final 1003 is Present
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042015
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Insurance reflects XXX rent loss insurance which is less than XXX (XXX months market rents) required by guidelines.
; DD to review loss of use coverage - updated to $XXX; Documentation received, XXX to review.; New policy shows $XXX. This is XXX months.; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX coverage update.;
03/31/2026
Loss Rent Coverage is Sufficient; Client provided Updated Evidence of Insurance reflecting XXX Loss of Use coverage. LM Updated.; ; Policy provided showing short term rental however no amount Stated. XXX months minimum required
03/31/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042015
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Provide executed Business Purpose Affidavit.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Business Purpose Affidavit.;
03/05/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Affidavit of Occupancy reflecting Investment Property. LM Updated.
03/05/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042029
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. The lender’s guidelines require Statements evidencing at least two months consecutive activity. The loan file contained XXX months current Statements for XXX #XXX to verify funds to close; however, XXX months consecutive Statements were not provided for earnest money/deposits for subject purchase. Borrower gave the following earnest money/deposits: XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX from XXX #XXX and XX/XX/XXXX from XXX #XXX. Only one month Statement was provided for each deposit. Missing the following 2nd month Statements: XXX #XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX and XXX #XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Statements.;
03/26/2026
Asset Record XXX Meets G/L Requirements
03/26/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042029
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Large deposits for earnest money were not sourced for Statement dated XX/XX/XXXX. Per XXX guidelines, Large deposits are defined as any single deposit that represents more than XXX% of the monthly average deposit balance and must be sourced and evaluated.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Statements.;
03/26/2026
Asset Qualification Meets Guideline Requirements.
03/26/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042029
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/26/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Partial
HO-6 Master Insurance Policy XXX Provided The lenders guidelines require hazard insurance for entire XXX project to be verified through review of the following documents: Master Liability Insurance Policy, Master Policy Insurance Policy and Rent-Loss Insurance HO6/Walls-in-Policy. The loan file contained the HO6 Policy and the Master Liability Insurance Policy; however, the additional name insured on the Master Policy is for an individual at Unit XXX The borrower is purchasing Unit XXX The loan file was also Missing the Master Policy Insurance Policy to confirm all guideline requirements were met.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Master Policy;
03/06/2026
HO-6 Master Insurance Policy is fully present; Client provided the Master Policy reflecting Unit XXX LM Updated.
03/06/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX%
; Please waive for B grade. XXX exception granted. FICO XXX / DSCR >XXX / Experienced XXX/ Perfect credit history / Appraiser indicates suburban.; ;
04/07/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: : FICO XXX / DSCR >XXX / Experienced XXX/ Perfect credit history.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/02/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Subject property is designated as rural per XXX. Not permitted per XXX XXX DSCR guidelines.
; Please waive for B grade. XXX exception granted. FICO XXX / DSCR >XXX / Experienced XXX/ Perfect credit history / Appraiser indicates suburban.; ; ;
04/07/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / Experienced XXX/ Perfect credit history / Appraiser indicates suburban.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing the Business Purpose & Occupancy Affidavit.
; ; ; Document Uploaded. ;
03/11/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated.
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete purchase contract is illegible, need a clear copy.
; ; ; Document Uploaded. ;
03/11/2026
purchase Contract Doc is complete.; Client provided Executed purchase Agreement. LM Updated.
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. FEMA Emergency Declaration declared on XX/XX/XXXX is after the appraisal report & before the 1004D re-inspection, but prior the appraiser did not comment on this. (XXX Severe Winter Storm EM-XXX-XXX)
; Documentation received, XXX to review.; Document Uploaded. ;
03/11/2026
FEMA Post Disaster Inspection report was provided.; Client provided Appraisal Update and/or Completion Report stating: The FEMA disaster that was declared on XX/XX/XXXX for a severe winter storm did not have any impact on the condition or marketability of the subject property. LM Updated.
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409040431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy Missing Master Insurance Policy, simultaneous loan XXX includes the master policy but this loan does not.
; Document Uploaded. ; ;
03/11/2026
HO-6 Master Insurance Policy is fully present; Client provided HO-6 Master Insurance Policy. LM Updated.
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042230
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040384
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/27/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v12
; XXX buys to NDM's guidelines, we don't require this, please clear; Please waive for B grade - XXX granted exception -. Comp Factors: FICO XXX DTI <XXX%, LTV 60%; XXX may consider for exception waiver if unable to cure.;
03/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DTI <XXX%, LTV 60%
03/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040384
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Compliance
TILA Right of Rescission Test
The final CD shows a disbursement date of XX/XX/XXXX, however the rescission period ends on XX/XX/XXXX therefore a XXX day rescission period was not provided. Provide a FSS or Cure package with a new rescission period that includes PCCD, LOE, new RTC This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.
; Documentation received, XXX to review.; Document Uploaded. ;
03/10/2026
FSS provided with updated disbursement date; exception resolved; FSS provided with updated disbursement date; exception resolved
03/10/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039210
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The appraisal desk review was added and the appraisal fee increased without a valid COC in file. The COC in file did not contain a reason for the changes 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
; Document Uploaded. ; Documentation received, XXX to review.; ; updated ; Document Uploaded. The appraisla fee increased on the LE due to property being waterfront - this is Stated on the COC (LE). Same with the desk review fee, the fee was added on the COC (CD). Please advsie or update condition, thank yoyu.; Documentation received, XXX to review.;
03/26/2026
Valid COC provided; exception resolved; 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).; Updated cure amount to $XXX. The COC indicated "collateral related fee added" however this was not sufficient. provide clarification on why the fee was added. Per SFA: To comply with the COC requirements and rebaseline fee amounts, TPRs will look to the COC documentation in file to include the components enumerated within the regulations as set forth in the preceding paragraph. The COC documentation, at a minimum, should include: XXX) The original estimate of the cost (can be documented through fee amounts disclosed on the initial LE); XXX) specific reason for the revision and how it impacted the specific fee(s) that increased; XXX) the revised amount (can be documented through fee amounts disclosed on the revised LE/CD but increase must correspond with actual change resulting from documented COC and only fees related to the specific COC are considered for rebaseline); and XXX) the date of the changed circumstance (i. the date the creditor received information sufficient to establish that one of the reasons for revision provided under § XXX(e)(XXX)(iv)(A) through (F) has occurred)
03/26/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409039210
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
02/27/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Document Uploaded.
03/03/2026
Required Affiliated Business Disclosure Documentation Provided
03/03/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040201
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements XXX DSCR v13 guidelines require two full months of asset verification. File contains one-month Statements for XXX acct #XXX and #XXX.
; ; DD to Please Waive for B Grade. Fine to proceed with XXX month bank Statements to document assets. Minimum of XXX month bank Statements required. Comp Factors: XXX mos PITIA Reserves ; XXX FICO; No Mortgage Lates. ; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX for XXX account, and we will need to request and exception for XXX account.; ; Document Uploaded. Please see XXX bank Statements for XXX and XXX; Documentation received, XXX to review.; Advise if XXX to review for exception waiver if unable to cure.; ;
03/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA Reserves ; XXX FICO; No Mortgage Lates.; Asset Qualification Does Not Meet Guideline Requirements.; Asset Qualification Does Not Meet Guideline Requirements.; Client provided VOD for XXX #XXX. Still need Statements for XXX & XXX ; Bank Statements provided for XXX dated XX/XX/XXXX and XXX & XXX dated XX/XX/XXXX. XXX guidelines require for XXX months consecutive Statements for each account, one month for each Statement was provided. ; Asset Qualification Does Not Meet Guideline Requirements.
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040201
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
02/27/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts XXX Fraud report discloses an undisclosed property (XXX) not listed on the Final 1003. Provide updated Final 1003 with all properties owned by borrower.
; ; ; ; Document Uploaded. Please be advised that the borrower does own this property, please see XXX 1003 showing this property along with the property profile.; Documentation received, XXX to review.; Document Uploaded. please see XXX XXX report, and I am not able to locate this property XXX XXX. Could you please confirm the full property address? Also, as per the condition the property address " XXX XXX" is on the fraud report and if it is not on the the report please advise on where did you get this address from; Documentation received, XXX to review.; ; Document Uploaded. Please see XXX; Documentation received, XXX to review.;
03/16/2026
All Fraud Report Alerts have been cleared or None Exist; Client provided Updated 1003 adding XXX XXX,XXX. LM updated.; complete address is XXX XXX,XXX. Property was listed on the XXX fraud report.; 1003 received, but property at XXX XXX was not listed on 1003.
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040201
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/02/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Missing an established escrow account for taxes and insurance as required per XXX Expanded DSCR v13 guidelines.
; Document Uploaded. DD to waive for B Grade. Exception approved XXX.; Exception for escrow waiver was approved. Please note: Price Adjustment Applied: XXX ; ; XXX to review for exception. Entered and Pending review. DD to reopen finding.; we have an escrow waiver, please review and advise on an exception; XXX may review for post close exception. Please note there will be impact to pricing if exception approved.;
03/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA Reserves (Enough to cover reserve requirement and XXX months of tax and insurance payments); XXX FICO; No Mortgage Lates.;
03/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040959
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower does not meet the criteria of experienced XXX for the XXX XXX Expanded DSCR Program, therefore the max LTV is 70%
; ; ; Please waive - XXX exception granted for LTV - Comp Factors: XXX DSCR; XXX FICO; XXX mos PITIA reserves; No Mortgage Lates.; ; ; Please waive - XXX exception granted for LTV - Comp Factors: XXX DSCR; XXX FICO; XXX mos PITIA reserves; No Mortgage Lates.; Document Uploaded. DD to waive for B Grade. Exception approval XXX.; Post close exception has been approved. Please note there will be XXX adjustment to price. ; Document Uploaded. XXX buys to NDM's guidelines see XXX Matrix and please clear; Documentation received, XXX to review.; XXX may review for exception. Please notify if exception requested. Please note there maybe impact to pricing if exception able to be approved.;
03/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX DSCR; XXX FICO; XXX mos PITIA reserves; No Mortgage Lates.; Approved exception received, however no compensating factors provided. Please provide at least XXX compensating factors. ; Exception was received but missing compensating factors.
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041128
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/02/2026
Waived
XXX
Credit
Borrower Rental Experience Not Within Guidelines
Borrower Rental Experience Not Within Guidelines Per XXX the Lender has classified the borrower as an experienced XXX which requires the borrower to have owned XXX for at least XXX months in the last XXX months. The borrower has owned her primary for over last XXX years and has owned the subject for only XXX months. There is a month-to-month lease agreement with the borrower as landlord for another property (XXX XXX) dating back to XXX, there are rental payments other than subject reflected as received on the borrower's XXX mos bank Statements, and there is a mortgage showing closed in XXX. However, there is no clear documentation in file confirming ownership of another investment property for XXX months in the last XXX months. Lender's Loan Approval references "Landlord History- Alternative Waiver - In order to use landlord history waiver, refer to specific XXX guidelines.***provide most recent XXX mos proof of receipt of rents for subject property, owned less than XXX mos.*** No such "Alternate Waiver" has been found in DSCR GLs. Lender to provide property profile of XXX XXX to confirm the borrower's ownership as an experienced XXX.
; Waive for Grade B- comp factors DSCR XXX Score XXX meets XXX experienced XXX guides;
03/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Score XXX meets XXX experienced XXX guides
03/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409041128
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/02/2026
Waived
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Subject loan was approved under XXX XXX DSCR GLs v13 which require a Business Purpose Affidavit which is not in file.
; Please waive for Grade B- meets XXX guidelines- Occupancy affidavit in file identifies business purpose. ;
03/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: meets XXX guidelines- Occupancy affidavit in file identifies business purpose.
03/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409041128
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Per XXX XXX DSCR guidelines, No Rural Locations – As defined by the XXX Rural Designation website Property address was verified with XXX as rural.
; ; Please waive for Grade B- meets XXX guidelines- Comp factors DSCR XXX Score XXX comps in close proximity and appraiser identifies property as suburban;
03/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Score XXX comps in close proximity and appraiser identifies property as suburban
03/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409041128
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX guidelines, escrow account required. XXX payment letter shows account is not escrowed.
; ; Waive for Grade B- comp factors DSCR > XXX Fico XXX 70% LTV, credit depth > XXX years;
03/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR > XXX Fico XXX 70% LTV, credit depth > XXX years
03/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042300
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041818
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing required business purpose affidavit for XXX XXX Expanded DSCR v XX/XX/XXXX
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Business Purpose Affidavit/Disclosure Provided
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041818
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required EIN for XXX
; Document Uploaded. Document found on p. XXX of upload; ;
03/05/2026
Client provided Department of the Treasury Tax Identification Number XXX-XXX. LM Updated.
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040341
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Loss rent coverage is XXX% of coverage A XXX or $XXX. Rent per month as per XXX is XXX x XXX mos. (as is required in lender guidelines) or XXX and coverage as per insurance declaration is XXX which is insufficient coverage for the loss of rent.
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/25/2026
Loss Rent Coverage is Sufficient
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040341
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/04/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Cu score of XXX. Third party valuation required.
; Documentation received, XXX to review.; Document Uploaded. ;
03/25/2026
Third party valuation product provided within tolerance.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040341
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Per XXX DSCR guidelines, property must be leased on refinance transaction.
; Property is a short term rental, so will not have a lease agreement in place.;
03/04/2026
Property is a short term rental. Documentation provided and DSCR updated as such.
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044568
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate during clean up review. Exception rescinded Applied undiscounted rate during clean up review. Exception rescinded
    
03/13/2026
  
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044568
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Asset 2 Expired
Asset 2 Expired XXX Statement dated XX/XX/XXXX ending balance XXX Statement expired new current Statement, printout or screen shot provided - pg XXX
    
Asset 2 Not Expired Or XXX
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044568
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
The intent and/or status of the borrower's occupancy is not supported in the file. doc pg XXX-support the borrower intends to occupy the subject property
Please provide clarification on the exception. This transaction is for the purchase of a new primary. The borrower intends to occupy as it will be their new primary so it makes sense the do not have documentation showing the subject as a XXXling address
03/04/2026
Intent of borrower's occupancy supported
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044568
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
A
A
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044568
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
A
A
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044548
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate during clean up review; exception rescinded Applied undiscounted rate during clean up review; exception rescinded
    
05/21/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044548
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044548
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044548
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044494
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Condo Questionnaire fee. COC in file does not provide an adequate explanation for this fee increase.
Document Uploaded. Please see XXX package XXXled to the borrower.
03/10/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
03/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044494
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044494
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044448
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.65% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.65% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044448
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.65% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.65% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044448
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.65% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.65% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044567
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum | Borrower has stable job time
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409044567
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum | Borrower has stable job time
A
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409044567
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum | Borrower has stable job time
A
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409044551
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
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409044551
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
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409044551
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
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409044452
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate in clean up review; exception rescinded Applied undiscounted rate in clean up review; exception rescinded
    
05/21/2026
  
A
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409044452
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
A
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409044452
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
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409044452
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
A
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409044509
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
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409044509
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
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409044509
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/04/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
A
A
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409044510
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Audited Loan Amount is less than Guideline Minimum Loan Amount
Audited Loan Amount of XXX is less than the Guideline Minimum Loan Amount of XXX Minimum loan amount is conforming loan limit plus XXX conforming loan limit of XXX used and subject loan is still less than the limit.
Document Uploaded. Please see XXX confirming the loan meets loan limit guidelines.
03/05/2026
Confirmed - Per guideline - XXX Non-Agency Non-QM Guidelines XXX - Min loan amount is $XXX.; Audited Loan Amount of XXX is greater than or equal to the Guideline Minimum Loan Amount of XXX
03/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
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A
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A
A
A
A
A
A
A
A
A
A
A
409044510
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The Lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX to XXX on CD XX/XX/XXXX.
Document Uploaded. Please be advised there was a pricing change on XX/XX/XXXX that affected the lender credits.
03/05/2026
Valid COC for pricing change provided; exception resolved; Valid COC for pricing change provided; exception resolved
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
A
A
409044510
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
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A
A
A
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A
A
A
A
A
A
A
A
A
A
A
409044456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/03/2026
Cured
XXX
Compliance
Right of Rescission is Missing
Right of Rescission is Missing Documentation required to clear exception: Provide executed Right of Rescission for all borrowers and non-borrowers.
Document Uploaded. Please see the XXX ROR package. ; Permanent financing refinance is exempt from rescission under Comment XXX(a)(XXX)-XXX-ii. The subject property is a new XXX, therefore, no rescission forms for any borrower were executed as rescission is XXX.
03/17/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Documentation shows in file the subject mortgage being paid off is not a XXX loan and borrower is residing property as their primary residence. In addition funds are being used to payoff loans other than the subject mortgage. Rescission would be required
03/18/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.58% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.58% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/03/2026
Cured
XXX
Compliance
TILA Right of Rescission Test
This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Documentation to clear exception: Provide executed Right of rescission for all borrowers and non-borrowers.
Document Uploaded. Please see the XXX ROR package. ; Permanent financing refinance is exempt from rescission under Comment XXX(a)(XXX)-XXX-ii. The subject property is a new XXX, therefore, no rescission forms for any borrower were executed as rescission is XXX.
03/17/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Documentation shows in file the subject mortgage being paid off is not a XXX loan and borrower is residing property as their primary residence. In addition funds are being used to payoff loans other than the subject mortgage. Rescission would be required
03/18/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.58% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.58% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required: Refund in the amount of XXX cure package requires a PCCD, LOE, copy of refund heck and proof of delivery or valid COC. The zero tolerance violation in the amount of XXX is due to an increase from XXX to XXX for the appraisal fee.
Document Uploaded. XXX total appraisal fee is breakdown: XXX at close, XXX prior to close with a XXX lender credit reducing the total to XXX Appraisal invoices included with the images sent confirm XXX full appraisal for XXX XXX (subject property) on XX/XX/XXXX, XXX for XXX on XX/XX/XXXX for non-subject XXX-XXX XXX, XXX for XXX XXX on XX/XX/XXXX for XXX-XXX XXX and XXX for XXX multi unit appraisal on XXX-XXX XXX. We have XXX a screen shot confirming two 1007s were required as it was a mutli unit investment, and the XXX specifically requested one for each unit. The XXX requested them on behalf of the borrower and they were aware of the additional fee.
03/05/2026
Valid COC provided; Exception resolved; 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).; 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
03/05/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.58% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.58% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.58% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.58% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.58% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.58% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate in Clean up review. Exception rescinded Applied undiscounted rate in Clean up review. Exception rescinded
    
05/21/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.75% is less than Guideline LTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.75% is less than Guideline LTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.75% is less than Guideline LTV of 80%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044459
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
For investment property, XXX XXX, the loan file is missing the P&I verification document and hazard insurance verification documents. Please provide.
Document Uploaded. Please see XXX final closing disclosure to confirm P&I for the non-subject as well as confirm taxes and insurance are escrowed.
03/04/2026
Lender provided Final CD as evidence of PITI.
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044459
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044459
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044467
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Cured
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130 Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, copy of refund check and proof of delivery or valid COC. The lender credit tolerance violation in the amount of XXX is due to the decrease in lender credit from XXX to XXX from CD XX/XX/XXXX to CD XX/XX/XXXX.
Document Uploaded. Please see the XXX full package.; Document Uploaded. Please see the XXX pccd, loe to borrower, cure check and proof of shipping. ; The initial exception indicated a decrease in lender credits from XX/XX/XXXX to XX/XX/XXXX, please review to pages XXX-XXX confirming that lender credits did not decrease.; The cost to the borrower did not increase from the loan estimate to the final closing disclosure. The XXX Lender's Mortgage tax XXX to this loan and is not a listed fee on the CD.; Pleas be advised that lender credits were applied to and covered all applicable fees.
03/26/2026
Cure package provided to the borrower; exception downgraded to a 2/B; LOE, proof of delivery and page XXX of the CD provided, Cure package is missing the copy of check and pages XX/XX/XXXX of the CD; The documentation (pg XXX and XXX showing the lender credits confirms the amount was decreased from XXX to $XXX. The XXX credit amount XXX the same at XXX but the lender paid fees went from XXX to XXX which accounts for the reduction mentioned in the exception. provide a valid COC or cure package; The CFPB has established that lender credits are a negative charge to the consumer, and a decrease in credit is considered an increased charge to the consumer for good faith determination purposes. The amounts originally disclosed on the Loan Estimate under XXX(e)(XXX)(i) are referenced in SFA scope and the regulation for good faith determination. The total amount paid by the lender decreased on the final CD therefore a valid COC or cure is required; The CFPB has established that lender credits are a negative charge to the consumer, and a decrease in credit is considered an increased charge to the consumer for good faith determination purposes. The amounts originally disclosed on the Loan Estimate under XXX(e)(XXX)(i) are referenced in SFA scope and the regulation for good faith determination. The XXX Lender's Mortgage Tax is not an item paid on behalf of the borrower, it is a lender-paid item and therefore not considered a specific lender credit for good faith determination.
03/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.52% is less than Guideline LTV of 90%
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044467
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.52% is less than Guideline LTV of 90%
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044467
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/04/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.52% is less than Guideline LTV of 90%
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the LE disclosure dated XX/XX/XXXX was XXXled, and therefore, not received by the consumer XXX business days prior to the consummation date XX/XX/XXXX. The defect can be cured by providing evidence showing the consumer received the loan estimate at least XXX business days prior to consummation.
Document Uploaded. Please see the XXX internal screenshot showing that the LE dated XX/XX/XXXX was viewed/received by the borrower on XX/XX/XXXX. Please be aware, 'Website FYI' denotes the time the LE was viewed/received by the borrower electronically.
03/05/2026
Revised LE receipt date provided; exception resolved; Revised LE receipt date provided; exception resolved
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044469
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Delinquent Credit History Does Not Meet Guideline Requirements
Delinquent Credit History Does Not Meet Guideline Requirements
Please see page XXX of the loan file. The XXX debts listed in the exception are judgements not int eh name of the borrower. The judgement search was preformed to confirm no judgements owed. The name on the judgement is XXX. The borrower's name, as confirmed on the credit report, is XXX.
03/06/2026
Delinquent Credit History Meets Guideline Requirements
03/09/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 71.43% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 71.43% is less than Guideline LTV of 90%
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409044469
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
Collections, liens or judgments not paid at closing
Evidence the following judgement(s) have been satisfied : Judgement J- XXX-XXX XXX $ XXX Judgement J-XXX-XXX XXX XXX and Judgement J- XXX-XXX XXX $ XXX
Please see page XXX of the loan file. The XXX debts listed in the exception are judgements not int eh name of the borrower. The judgement search was preformed to confirm no judgements owed. The name on the judgement is XXX. The borrower's name, as confirmed on the credit report, is XXX.
03/06/2026
Lender confirmed judgments do not belong to the borrower - XXX.
03/09/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 71.43% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 71.43% is less than Guideline LTV of 90%
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409044469
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 71.43% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 71.43% is less than Guideline LTV of 90%
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409044469
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/04/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 71.43% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 71.43% is less than Guideline LTV of 90%
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409044506
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044506
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044506
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044477
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
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409044477
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
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409044477
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%
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409044560
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409044560
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409044560
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409044547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Rescinded
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Applied undiscounted rate during clean up review. exception rescinded Applied undiscounted rate during clean up review. exception rescinded
    
05/21/2026
  
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409044547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044483
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044483
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044483
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/04/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044512
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
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A
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409044512
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
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409044512
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/03/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
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409044487
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.41% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.41% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
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A
409044487
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.41% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.41% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
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A
A
409044487
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/02/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.41% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.41% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
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A
409044533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was XXXled, and therefore not received by the consumer XXX business days prior to the consummation date, XX/XX/XXXX. The defect can be cured by providing evidence showing the consumer received the loan estimate at least XXX business days prior to consummation.
Document Uploaded. Please see the XXX internal screenshot showing that the LE dated XX/XX/XXXX was viewed/received by the borrower on XX/XX/XXXX Please be aware, 'Website FYI' denotes the time the LE was viewed/received by the borrower electronically.
03/04/2026
Revised LE receipt provided; Exception resolved; Revised LE receipt provided; Exception resolved
03/05/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.47% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.47% is less than Guideline LTV of 80%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.47% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.47% is less than Guideline LTV of 80%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/02/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/03/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.47% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.47% is less than Guideline LTV of 80%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409038524
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/05/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX XXX DSCR guidelines require for escrow account. Per XXX payment letter, no escrow account established.
; Exception approved- please waive for grade B- Score XXX Refinance of Investment with 71.12% LTV, DSCR of XXX; Exception approved for escrow waiver.; ; ;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Score XXX Refinance of Investment with 71.12% LTV, DSCR of XXX
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409038524
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Provide corrected Final 1003 which includes the recent purchase of REO XXX Davids Ct on XXX as evidenced by the mortgage Statement, note and HUD in the loan file.
; Hello, the XXX address was closed in the LLC. please waive.; the XXX address was closed in the LLC. please waive.; ;
03/20/2026
The Final 1003 is Present; Property closed in LLC
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039931
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
409041994
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
PUD Rider is Missing
PUD Rider is Missing The appraisal reflects the subject property is a PUD. The mortgage does not reflect a PUD rider. Provide evidence a PUD rider was executed.
; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. will this work for this condition? ; ; ;
04/08/2026
The PUD Rider is Present or is XXX (XXX is PUD); Client provided Corrective Scrivener's Affidavit reflecting page XXX PUD Rider being checked and make PUD Rider part of the recorded Deed of Trust. LM Updated.; Client provided Corrective Scrivener's Affidavit reflecting the Mortgage page XXX should reflect Planned Unit Development Rider. Please provide PUD Rider.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.27% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.27% is less than Guideline LTV of 70%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041994
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Provide a mortgage Statement or documentation to confirm the primary residence payment on the credit report of XXX includes taxes, insurance. Additionally, a signed LOX in the file indicates B1 is currently completing a refinance to lower the rate and payment. Provide a copy of the note and final CD from refinance.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/30/2026
Client provided Closing Disclosure dated XX/XX/XXXX and Note for refinance of XXX XXX. LM Updated.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.27% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.27% is less than Guideline LTV of 70%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041994
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Provide most recent XXX months receipt of XXX child support as reflected in the divorce decree.
; Document Uploaded. Documentation received, XXX to review.; Child support, Three years continuance will continue. Alimony is paid out for two years only. Did not include XXX alimony shown on equitable distribution. bank stmts in your loan file show the XXX deposited ($XXX child support plus XXX alimony) see pages XXX-XXX XXX bank Statements. ; ; ;
03/30/2026
Income and Employment Meet Guidelines; Client provided XXX months bank Statements reflecting XXX deposit ($XXX Child Support and XXX alimony). LM Updated.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.27% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.27% is less than Guideline LTV of 70%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040982
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/05/2026
Resolved
XXX
Property
Appraisal is Missing
Appraisal is Missing. Missing appraisal for subject property. Only XXX for departure residence was provided, along with findings for the subject appraisal; however, the actual appraisal report was not provided. Please provide missing appraisal.
; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ;
03/24/2026
Appraisal is Present or is Waived; Client provided Appraisal for the subject property. LM Updated.; Client provided XXX Exterior-Only Inspection report for XXX XXX. However, the subject property is XXX XXX., XXX, XXX. Please provide missing appraisal.; Client provided XXX Exterior-Only Inspection report for XXX XXX. However, the subject property is XXX XXX., XXX, XXX. Please provide missing appraisal.; Client provided XXX Exterior-Only Inspection report for XXX XXX. However, the subject property is XXX XXX., XXX, XXX. Please provide missing appraisal.
04/30/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 65.79% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65.79% is less than Guideline CLTV of 80%
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040982
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/04/2026
Resolved
XXX
Credit
Missing Payment History
Subject loan closed on XX/XX/XXXX. XXX HELOC was last reported on XX/XX/XXXX. Loan file is missing evidence of the XXX XXX XXX XXX and XXX XXX payments.
; Documentation received, XXX to review.; Document Uploaded. ;
03/12/2026
Client provided Monthly HELOC Statements for XXX XXX XXX XXX and XXX XXX reflecting on time payments. LM Updated.
03/12/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 65.79% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65.79% is less than Guideline CLTV of 80%
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039956
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Final 1003 reflects borrower owning several properties and negative cash flow is included in DTI calculation, however file is missing a couple of documents to verify calculations. Please provide supporting documentation: Missing Tax doc for XXX . Property details are not showing on Fraud report. Missing Insr doc for XXX . P XXX of XXX of provided policy is missing from combined property policy. Page after pg XXX
; Documentation received, XXX to review.; Document Uploaded. ; ; ; Document Uploaded. Documentation received, XXX to review.; property detail report is uploaded for property located at XXX and also regarding insurance for property at XXX see pages starting on XXX - XXX---all pages are there in your XXX loan package; ;
04/10/2026
Full HOI documentation received. ; Provide page XXX of XXX of the XXX declaration page due to property XXX is listed as #XXX of rental properties and the Location #XXX Annual Premium section is missing from the initial upload; the PDF upload did not indicate XXX as an insured property.; Client provided property detail report for property located at XXX and XXX. Commercial line found in file. LM Updated.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.89% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.89% is less than Guideline CLTV of 90%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039956
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX expanded bank Statement program v12.
; ; ; Please waive for Grade B- DTI XXX FICO, and XXX years in business.;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DTI XXX FICO, and XXX years in business.
04/01/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.89% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.89% is less than Guideline CLTV of 90%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040916
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/05/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
XXX DSCR v13 Guidelines State: For refinance transactions, XXX must be leased at the time of closing, and the borrower must provide evidence that the property has been leased. The subject is vacant single-family property, and there is no evidence that the property has a lease in place.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ; ;
04/02/2026
  
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040916
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/05/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Business Purpose Affidavit is missing from the file.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/01/2026
Business Purpose Affidavit/Disclosure Provided
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039589
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete A mortgage Statement in file reflects a 1st lien on the primary and possibly a 2nd lien with XXX. The credit report reflects a Home Equity line with XXX. None of the mortgages are disclosed on the final application. Provide a corrected final application with all mortgages disclosed for the primary residence and the investment property.
; Please review - XXX lien release provided by Seller.; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/17/2026
The Final 1003 is Present; Provide an updated 1003 REO section to reflect the monthly payment, account number, and XXX credit limit for the XXX home equity loan on XXX, as indicated by the fraud report.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.41% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.41% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039589
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Final CD and purchase contract reflect seller contributions of XXX exceeding the XXX% maximum allowed of $XXX.
; ; Please waive for B Grade - XXX granted exception. COMP FACTORS: • XXX • DSCR >XXX • LTV 57.41% ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX • DSCR >XXX • LTV 57.41%
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.41% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.41% is less than Guideline CLTV of 70%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039589
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The final application reflects XXX in taxes, insurance fees only for the primary residence. A Mortgage Statement in file reflects a 1st lien with a monthly payment of XXX and an XXX Statement for 2nd lien with a monthly payment of $XXX. Provide documentation to support the $XXX. The final application reflects taxes, insurance premiums totaling XXX per month. The credit report reflects a HELOC that may apply to this property along with proof of property taxes of $XXX. Provide evidence of insurance.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
; Provide the XXX HL account ending in XXX Statement to reconcile the financed mortgage listed in the newly updated REO section of the URLA, as required by the XXX DSCR loan program.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.41% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.41% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039589
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Provide Guaranty Document.
; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
Personal Guaranty provided.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.41% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.41% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039589
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Provide a W-XXX and certificate of good standing for the Borrower's LLC, XXX as required per guidelines. File contain a XXX report that reflects good standing, however, the document is missing a date and cannot determine if the business is in good standing at time of close.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
EIN and cert of good standing provided.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.41% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.41% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; ; Document Uploaded. ; NDM doesn't require this please clear ; XXX buys to NDM's guidelines, we don't require this, please clear.;
04/10/2026
Required Affiliated Business Disclosure Documentation Provided.; Required Affiliated Business Disclosure Documentation Provided.
04/10/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
Intent to Proceed is Missing
The intent to proceed is missing. Please provide either a signed intent to proceed document or provide the date the borrower gave the lender/broker their intent to proceed.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.
04/09/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
Homeownership Counseling Disclosure Is Missing
Homeownership Counseling Disclosure Is Missing Provide homeownership counseling disclosure that was provided to the consumer within XXX-business day of application, XX/XX/XXXX.
; Document Uploaded. ; Documentation received, XXX to review.; borrowers are not XXX time buyers, this is not required, please clear;
04/09/2026
Homeownership Counseling Disclosure Is Present or XXX
04/09/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
TRID: Missing Loan Estimate
The loan failed the loan estimate delivery date test (prior to consummation) (12 CFR 1026.19 - 1026.19(e) (5) (ii)). The initial and /or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cure by providing the initial and any revised Loan Estimates that were issued to the consumer.
; Documentation received, XXX to review.; Document Uploaded. ;
03/20/2026
LEs provided; exception resolved
03/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
The earliest CD in the loan file was issued on XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX. This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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.
; Document Uploaded. ; Documentation received, XXX to review.; please see new loan docs uploaded for all those conditions;
03/20/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved; ;
03/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX for XXX XXX Expanded Bank Statement program v12
; Please waive for B grade. Comp factors: FICO XXX / DTI below Max / Low LTV; XXX buys to NDM's guidelines and we don't require this, kindly check with your management to avoid any further similar conditions, please clear.;
03/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DTI below Max / Low LTV
03/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Borrower 2 Credit Report is Missing
Borrower 2 Credit Report is Missing.
; Document Uploaded. Uploaded in loan package - DD to review.; In loan package. DD to review. Pages XXX-XXX;
03/11/2026
Borrower 2 Credit Report is not missing.; Loan file provided rechecked, credit report was missing
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing.
; Document Uploaded. Uploaded in loan package. DD to review.; ; In loan package. DD to review. Pages XXX-XXX;
03/11/2026
Borrower 1 Credit Report is not missing.; Loan file provided rechecked, credit report was missing
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 23.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 23.19% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042152
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040233
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042652
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042660
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.
; Document Uploaded. DD - Please waive for B Grade. Exception Approval Provided. Comp Factors: XXX% DTI; XXX FICO; XXX per montXXXth residual income (will cover reserve shortage); Post close exception has been approved. Please note there will be pricing hit of XXX applied for exception.; Updated shortage is : XXX reserves. XXX to review exception after DD update.; DD to review upload ACCT XXX Transactions XXX.; Document Uploaded. ; Discrepancy with DD on Reserves based on Audited assets verified. Reached out for clarification - Exception still pending. Appears reserve shortage is XXX for XXX mos PITIA for each REO.; XXX to review for Exception. Pending Review.; Document Uploaded. Good afternoon, please see XXX Exception Request. Thank you~ ; Documentation received, XXX to review.; ; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. DLC XXX-XXX: Uploaded XXX to XXX TPO condition and provided the following details with asset breakdown: $XXX: Cash to Close XXX + Reserves (XXX mths) XXX (XXX*XXX) Verified assets are as follows: XXX #XXX = XXX XXX #XXX = XXX XXX #XXX = XXX Totals XXX minus cash to close XXX =XXX more than enough for reserves; Documentation and comment received, XXX to review.;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI; XXX FICO; XXX per montXXXth residual income (will cover reserve shortage).; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.; Discrepancy with DD on Reserves based on Audited assets verified. Reached out for clarification - Exception still pending. Appears reserve shortage is XXX for XXX mos PITIA for each REO.; Exception requested from Seller. XXX to review.; Updated account Statement received, however reserves are still short. Sufficient reserves provided for the XXX months for the subject property, however still short for the XXX additional months for each other property as required per guidelines; Difference in reserves is due to account with XXX Bank #XXX. Balance on Statement dated XX/XX/XXXX is XXX resulting in the shortage of funds. Updated Statement showing balance of XXX not in file.; Difference in reserves is due to account with XXX Bank #XXX. Balance on Statement dated XX/XX/XXXX is XXX resulting in the shortage of funds. Updated Statement showing balance of XXX not in file.
04/28/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
B
C
B
C
B
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042660
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s)
; XXX to review for Exception. Pending Review.; Documentation received, XXX to review.; Document Uploaded. Hello, please see XXX exception request, thank you. ; ; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation and comment received, XXX to review.; Document Uploaded. Hello: $XXX: Cash to Close XXX + Reserves (XXX mths) XXX (XXX*XXX) Verified assets are as follows: XXX #XXX = XXX XXX #XXX = XXX XXX #XXX = XXX Totals XXX minus cash to close XXX =XXX more than enough for reserves;
04/24/2026
Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Exception requested from Seller. XXX to review.; Updated account Statement received, however reserves are still short. Sufficient reserves provided for the XXX months for the subject property, however still short for the XXX additional months for each other property as required per guidelines; Difference in reserves is due to account with XXX Bank #XXX. Balance on Statement dated XX/XX/XXXX is XXX resulting in the shortage of funds. Updated Statement showing balance of XXX not in file.
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
B
C
A
C
B
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042660
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/05/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the loan file was issued on XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XXX.
; ; Document Uploaded. ; Documentation received, XXX to review.;
03/25/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
C
B
C
A
C
B
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040553
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property is not in "rent ready" condition. Appraiser notes multiple items for repair, such as potential mold, missing ceiling tiles and peeling wall paper. Items would need to be corrected prior to renting.
; ; ; ; Please waive for Grade B- Comp Factors- DSCR XXX FICO- XXX Borrower is an experienced XXX has XXX investment properties.; This was cleared; ; Document Uploaded. ; So yes the appraisal was subject to the deck railing – 1004D confirms that safety issue was corrected We also identified mold – pictures provided to show the drywall was replaced – this was not a 1004D item we have pictures and the bathroom in basement is now available for use and this is also in the basement this is below grade and XXX house that’s not even a bathroom they should be considering in this finding. Everything above grade is move in ready. ;
03/19/2026
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: DSCR XXX FICO- XXX Borrower is an experienced XXX has XXX investment properties.; Mold issues resolved by documentation received, missing evidence that missing ceiling tiles and peeling wall paper were addressed.
05/29/2026
  
C
B
C
B
C
A
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040553
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Less than XXX months of assets provided from XXX Bank.
; ; DD to re-review. Statements provided in loan package from XX/XX/XXXX to XX/XX/XXXX and XX/XX/XXXX to XX/XX/XXXX for XXX #XXX as required.;
04/20/2026
Asset Qualification Meets Guideline Requirements
04/20/2026
  
C
B
C
A
C
A
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039749
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). Cure required, refund in the amount of XXX with PCCD, LOE, Copy of Refund Check and Proof of delivery or a valid COC. The XXX% tolerance violation is due to the increase in Credit Services Fee from XXX to XXX on the final CD dated XX/XX/XXXX without a valid COC in file. Tolerance cure on the final CD was applied to the Appraisal Final Inspection Fee. Please provide a valid COC or cure package.
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. Cure was given at closing. Please see bottom of page XXX of the attachment. This should cover the last two suspense items.; Documentation and comment received, XXX to review.; ; ; ; ; ; ; Document Uploaded. This should cover both XXX conditions. ; Documentation received, XXX to review.; ; ; ;
04/22/2026
Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; Please provide proof of delivery for cure package, once received the exception will be cured. ; The appraisal inspection fee was added on CD XX/XX/XXXX without a COC, UCDP report shows appraisal was reviewed XX/XX/XXXX and Final Inspection was completed XX/XX/XXXX, neither of which are within XXX days of when the final inspection fee was added. Due to this XXX of the cure on the final CD was applied to the addition of the final inspection fee. The XXX XXX of the cure has been applied to the increase of the credit services fee on CD XX/XX/XXXX leaving a XXX cure required of $XXX. Please provide valid COC or cure package. ; 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).; The document provided does provide a reason however does not include a date the changes were requested. Please provide date of change request to confirm re-disclosure was provided timely. ;
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
A
A
A
C
B
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409039749
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). Cure required, refund in the amount of XXX with PCCD, LOE, Copy of Refund Check and Proof of delivery or a valid COC. The XXX% tolerance violation is due to the increase in the Recording Fee on the final CD dated XX/XX/XXXX without a valid COC. Tolerance cure on the final CD was used for the Final Inspection Fee. Please provide a valid COC or cure package.
; ; Documentation received in XXX review.; ; ; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Please see the other suspense condition. Cure was given at closing. Please see bottom of page XXX of the attachment.; Document Uploaded. Documentation and comment received, XXX to review.; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ;
04/22/2026
Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; No new uploads provided, please re-upload documents.; Please provide proof of delivery for cure package, once received the exception will be cured. ; The appraisal inspection fee was added on CD XX/XX/XXXX without a COC, UCDP report shows appraisal was reviewed XX/XX/XXXX and Final Inspection was completed XX/XX/XXXX, neither of which are within XXX days of when the final inspection fee was added. Due to this XXX of the cure on the final CD was applied to the addition of the final inspection fee. The XXX XXX of the cure has been applied to the increase of the credit services fee on CD XX/XX/XXXX. No cure was available to apply to the increase in the recording fee on CD XX/XX/XXXX. Please provide valid COC or cure package for $XXX.; The document provided does provide a reason however does not include a date the changes were requested. Please provide date of change request to confirm re-disclosure was provided timely. ;
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
A
A
A
C
B
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409039749
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Loan does not conform to program guidelines
Lender excluded prior residence on refinance property. Departing residence exclusion only applicable to purchases. Lender approved exception noted but not documented in file.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Guidelines met per XXX provided.
03/30/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
A
A
A
C
B
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040973
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. XXX.) Appraiser listed the occupancy as XXX occupied, should be tenant. XXX.) Rear view photo shows a XXX up window or door, no explanation/cost to cure.
; ; Documentation received, XXX to review.; Document Uploaded. The bordered up window seems to be for the neighboring property ; ;
04/10/2026
Update appraisal received showing tenant occupied and addresses the XXX up window being for neighboring property.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040973
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Missing XXX XXX XXX asset Statements, we did get these Statements in the related files but not this one.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/01/2026
Asset Record XXX Meets G/L Requirements
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040967
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraisal front photo appears to show missing XXX panels. Appraisal rear photo shows crack lines in the brick, blackened brick, leaning fence, and possible roof issues on the structure & the porch. No comments/explanation from appraiser on these apparent deferred XXX items.
Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
The issue with the property has been resolved.; Client provided Invoices for Repairs, Photos of Repairs and Roof Certification dated XX/XX/XXXX stating: Based upon the inspection of a qualified roofer XXX by this firm and upon his recommendation, roof inspection and/or repairs have been completed in a workmanlike manner at the above certification address. Upon completing inspection and/or repairs, roof covering is deemed in satisfactory condition with no evidence of leaks. Roof inspections are accomplished by observing visible elements while walking over roof surface. The inspector is concerned only with what he can see at that time. LM Updated. ; Trailing XXX on pg XXX or the report – Subject rated C3/Q4; however, the rear photo indicates a potential safety concern. A crack appears to originate at the top of the roofline, extends vertically downward, and then angles toward the deteriorating roof structure over the porch. Recommend masoXXXy and roof inspections.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040967
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Need explanation for the XXX transfer/deposit on XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/26/2026
Asset Record XXX Meets G/L Requirements
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040960
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing: formation documents.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
05/13/2026
Certificate of Formation received.
05/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040960
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The rear photo appears to be of the adjacent/end unit property XXX not the subject XXX. Front photo shows the adjacent end unit with some missing siding, subject unit clearly shows the address numerals XXX and is one unit over from the end unit.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
The issue with the property has been resolved.; LOE was provided, Units are narrow, property was properly photographed.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040960
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Need explanation of the XXX transfer/deposit on XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/26/2026
Asset Record XXX Meets G/L Requirements
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042266
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042264
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Per XXX XXX DSCR guidelines, lease agreements required on refinance transactions.
; Documentation received, XXX to review.; Document Uploaded. see XXX leases for all three units. XXX LT and XXX ST.; ;
03/31/2026
Client provided lease agreements for XXX units. LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042264
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Rescinded
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. No escrow account established per XXX payment letter in file.
; Finding not valid. Escrows collected per payment letter and settlement Statement; XXX may review for exception;
03/11/2026
Per XXX payment letter, escrow account established.
03/11/2026
  
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041519
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
Per XXX XXX DSCR guidelines, prepayment penalties are not permitted in XXX.
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX - Comp Factors: XXX FICO; XXX PITIA reserves; XXX DSCR; ; XXX to review for exception. Please note there maybe impact to pricing if exception able to be approved. - DD to reopen finding; Prepayments are legal on Commercial Loans in DE.; ; Comment received, XXX to review.; prepayment penalties are legal on commercial loans in XXX.;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX PITIA reserves; XXX DSCR; XXX to review for an exception on a commercial transaction where the property is located in XXX and the Secured Commercial Promissory Note discloses a PPP.; Per XXX XXX DSCR guidelines, PPP is not permitted in the State of XXX.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041517
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
Loan contains a prepayment penalty and property is in XXX. Per XXX DSCR guidelines, prepayment penalties are not permitted in XXX.
; Document Uploaded. DD to waive for B Grade. Approved exception XXX. Comp Factors: XXX mos PITIA reserves; XXX FICO; XXX DSCR; ; XXX to review for exception. Exception entered and pending review. Please note maybe impact to pricing. - DD to reopen finding pending exception review.; To reiterate on this, in XXX, prepayment penalties are prohibited on loans to individuals - but are permitted on loans to LLCs. The borrower on this loan is an LLC, so there should be no restriction. ; comment received, XXX to review.; prepayment penalties are legal on commercial loans in XXX.;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX mos PITIA reserves; XXX FICO; XXX DSCR; XXX to review for exception. Exception entered and pending review. Please note maybe impact to pricing. - DD to reopen finding pending exception review.; Per XXX XXX DSCR guidelines, PPP is not permitted in the State of XXX.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041518
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
Loan contains a prepayment penalty and property is located in XXX. Per XXX XXX DSCR guidelines, prepayment penalties not permitted in XXX.
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA reserves; XX/XX/XXXX DSCR; ; XXX to review for exception. Please note there maybe impact to pricing; To reiterate on this, in XXX, prepayment penalties are prohibited on loans to individuals - but are permitted on loans to LLCs. The borrower on this loan is an LLC, so there should be no restriction. ; Comment received, XXX to review.; prepayment penalties are legal on commercial loans in XXX.;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XX/XX/XXXX mos PITIA reserves; XX/XX/XXXX DSCR; XXX to review for an exception on a commercial transaction where the property is located in XXX and the Secured Commercial Promissory Note discloses a PPP.; Per XXX XXX DSCR guidelines, PPP is not permitted in the State of XXX.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042891
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete The Note does not contain payment amounts for the IO period or the fully amortized period.
; Documentation received, XXX to review.; Document Uploaded. see XXX XXX payment letter. ;
04/01/2026
Client provided XXX Payment Letter reflecting XXX P&I. LM Updated.; The Note is Present
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042891
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/06/2026
Rescinded
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Finding not valid. Escrows collected for tax and insurance (impounds on settlement) and Stated on payment letter.; XXX may review for exception. Please note there will be impact to pricing if post close exception approved.
03/31/2026
1st payment letter shows account is escrowed.
03/31/2026
  
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Seller credit total XXX and closing costs total $XXX.
; Document Uploaded. ; DD to waive for B Grade. Exception was approved. Comp Factors: XXX DSCR; XXX FICO; XXX mos PITIA reserves; Hello, please review this on a XXX% ; ; Exception approved- please waive finding.; XXX may review for exception up to XXX% - Please note there maybe pricing adjustment if exception approved.;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX DSCR; XXX FICO; XXX mos PITIA reserves; Please provide compensating factors for XXX approved exception.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041457
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Two months most recent Statements required per XXX XXX guidelines. The loan file only contains one month for XXX # XXX in file from XX/XX/XXXX.
; ; DD to waive for B Grade. Fine to proceed as long as minimum of XXX month bank Statement documented for assets used to qualify after review with XXX team. Comp Factors: XXX DSCR; XXX FICO; XXX mos PITIA reserves;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX DSCR; XXX FICO; XXX mos PITIA reserves
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ; Comment received, XXX to review.; NDM does not require business narrative please clear;
04/02/2026
Required Affiliated Business Disclosure Documentation Provided; provide an attestation that either States the lender has no affiliates or no referral of business was made affiliates
04/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Resolved
XXX
Compliance
Intent to Proceed is Missing
The intent to proceed is missing. Please provide either a signed intent to proceed document or provide the date the borrower gave the lender/broker their intent to proceed.
; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/02/2026
Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.; Proof of Intent to Proceed has been provided. The intent to proceed is missing.
04/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Resolved
XXX
Compliance
Homeownership Counseling Disclosure Is Missing
Homeownership Counseling Disclosure Is Missing Documentation required to clear exception: Provide homeownership counseling disclosure that was provided to the consumer within XXX-business days of application, XX/XX/XXXX.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ;
03/28/2026
Homeownership Counseling Disclosure Is Present or XXX
04/02/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/16/2026
Resolved
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The file is missing a copy of the SSPL, all fees were included in the XXX% tolerance category. TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The file is missing a copy of the SSPL, all fees were included in the XXX% tolerance category. This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). Document Uploaded. Document Uploaded. SSPL provided; exception resolved SSPL provided; exception resolved
; Documentation received, XXX to review.; ; ; ;
03/25/2026
  
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v12
; Please waive for B grade: Comp factors: Fico XXX / Low DTI / Excellent reserves; XXX buys to NDM's guidelines and we don't require this. please clear and refer to management for correct guidelines;
03/20/2026
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: Fico XXX / Low DTI / Excellent reserves
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/06/2026
Resolved
XXX
Property
Condo Approval Missing
Condo Approval Missing. Condo Approval Missing.
; Documentation received, XXX to review.; please review; ; Documentation received, XXX to review.; Document Uploaded. ; ;
03/20/2026
Condo Approval is provided.; Client provided Condo Questionnaire. However, Condo Approval Missing.
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
TRID: Missing Loan Estimate
This loan failed the loan estimate delivery date test (prior to consummation) (12 CFR §1026.19(e)(4)(ii)) The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. The defect can be cured by providing the initial LE and Written List of Service Providers and any revised Loan Estimates that were issued to the consumer. Additional compliance testing to be conducted upon receipt.
; Documentation received, XXX to review.; Document Uploaded. ;
03/16/2026
LEs provided; exception resolved
03/16/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039861
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the loan file was issued on XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX. Additional compliance testing to be conducted upon receipt.
; Documentation received, XXX to review.; Document Uploaded. ;
03/16/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
03/16/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
B
A
D
A
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041722
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Unit XXX contains square footage of XXX which is below the XXX permitted per guidelines. Subject has XXX units that are XXX on one lot.  XXX if any comps are similar, XXX units.
; ; Please waive for B grade - XXX granted exception. Comp factors: FICO XXX / Low LTV 56.52% / Went through pre-close appraisal review / XXX history.; ; ; ; ; ; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / Low LTV 56.52% / Went through pre-close appraisal review / XXX history.
04/01/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.52% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.52% is less than Guideline LTV of 70%
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042018
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Mortgage Recording fees.
; Document Uploaded. ; Documentation received, XXX to review.; ; ; Document Uploaded. Please review XXX PCCD and confirm it is accurate, if so, the borrower will request the check for XXX to borrower. ; ; ; ;
04/06/2026
Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; PCCD with cure provided, please provide a copy of the cure check and verification of package delivery.
04/06/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 66.67% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.67% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043441
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Unit XXX is XXX sq ft, which is less than minimum required for XXX XXX DSCR guidelines (XXX sq ft)
; Document Uploaded. Please place a rush on this review, the second appraisal was upld on XX/XX/XXXX, the XXX report was sent to your Acct rep on XX/XX/XXXX also. Thanks; Second Appraisal is pending review per Acct Rep; Documentation received, XXX to review.; ; ; Document Uploaded. ; Documentation received in XXX review.; ; Document Uploaded. Uploaded exception request for square footage.; DD to re-open condition - *** UPDATED XX/XX/XXXX - Exception can not be considered without at least one comp with a comparably sized unit. ; ;
04/21/2026
Second appraisal provided to support value with similar comps. ; Property/Appraisal Meets Guidelines; ; ; ; Appraiser to provide an updated appraisal report including at least one comparably sized comparable to Unit XXX (XXX sq ft).
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.92% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.92% is less than Guideline LTV of 80%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043441
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance.
; Document Uploaded. ; ; Documentation received in XXX review.; Document Uploaded. ; ;
04/17/2026
Third party valuation product provided within tolerance.; Provide a Field Review due to CDA is not within program guidelines.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.92% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.92% is less than Guideline LTV of 80%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043441
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Flood Insurance Policy Missing
Missing Flood Insurance Policy
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/17/2026
Flood Insurance Policy is fully present; Client provided Flood Cert. LM Updated.
03/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.92% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.92% is less than Guideline LTV of 80%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042192
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered.
; Documentation received, XXX to review.; Document Uploaded. please see XXX to show completed; ;
04/01/2026
The issue with the property has been resolved.; Smoke detectors/carbon monoxide detectors installed; ; The appraiser identified missing smoke and carbon monoxide alarms with a cost to cure of XXX and noted that the lender is to follow through to ensure these items get met. The loan file does not contain evidence that these items have been installed.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040265
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041807
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program v XX/XX/XXXX
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp Factors: DTI XXX% / LTV 62.43% / Stable job; ;
04/20/2026
Waived per client. Client accepts risk of B grade and acknowledges the following compensation factors for this purpose: DTI XXX% / LTV 62.43% / Stable job
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 62.43% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.43% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification the following mortgages are current XXX #XXX, #XXX, #XXX, #XXX and XXX #XXX Statements provided reflects XX/XX/XXXX payments made. Missing evidence of XX/XX/XXXX mortgage payments. Subject loan closed XX/XX/XXXX and XXX DSCR v13 guidelines require housing history reflect XXX.
; Document Uploaded. ; Documentation received, XXX to review.; ;
03/31/2026
Housing History Meets Guideline Requirements; Client provided Current Mortgage Statement for each Mortgage listed reflecting current and on time payments. LM Updated.
03/31/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Lender exception provided for Borrower wanting to waive escrow/impound reserves requirement. Compensating factors: XXX cash out proceeds cover over XXX months of tax and insurance payments; XXX FICO; No Mortgage Lates; 60% LTV; Property currently tenant occupied; experienced XXX
;
03/31/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX cash out proceeds cover over XXX months of tax and insurance payments; XXX FICO; No Mortgage Lates; 60% LTV; Property currently tenant occupied; experienced XXX.
03/31/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041041
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Preliminary title report XX/XX/XXXX does not reflect title coverage amount. Provide title report covering loan amount coverage of XXX
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien XXX
03/25/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70%
D
B
B
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042335
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Loan does not conform to program guidelines
The subject property was purchased XX/XX/XXXX, and it does not meet the XXX month seasoning requirement for a cash-out refinance.
; Back to DD to review for delayed financing.; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. please see XXX matrix and clear... thank you,;
04/22/2026
Property reviewed for delayed financing. Meets delayed financing criteria per XXX XXX DSCR guidelines. ; ; Nations direct matrix received however per XXX XXX DSCR guidelines, The subject property was purchased XX/XX/XXXX, and it does not meet the XXX month seasoning requirement for a cash-out refinance.
04/22/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 59.57% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.57% is less than Guideline CLTV of 70%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042335
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. No escrow account established per XXX payment letter in file.
; Waive for B Grade. Meets seller guidelines being accepted by XXX - Comp Factors: Fico XXX / DSCR >XXX / Low LTV 61.32% ; ; Comment received, XXX to review.; XXX buys to NDM's guidelines please clear; ; ;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose Fico XXX / DSCR >XXX / Low LTV 61.32% ; XXX to review for XXX exception.
04/13/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 59.57% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.57% is less than Guideline CLTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Subject is identified as rural per XXX.
; ;
04/06/2026
Client approved an exception to guidelines for rural property per XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX FICO XXX LTV/CLTV XX/XX/XXXX.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Good Standing Verification present however not dated to verify within XXX days of Note date. Provide updated Good Standing documentation.
; Documentation received, XXX to review.; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
; ; Business entity documentation provided, however certificate of good standing within XXX days of note was missing. Good Standing certificate was provided, however was not dated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Provide Business Purpose Affidavit/Disclosure not contained in loan file.
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Business Purpose Affidavit/Disclosure Provided
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Provide explanation and documentation to support large deposit in XXX account ending XXX for the amounts of XXX dated XX/XX/XXXX and XXX dated XX/XX/XXXX. Not contained in loan file.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/31/2026
LOX received.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; ; Please waive - XXX exception granted. Comp factors: FICO XXX / DSCR >XXX / Over XXX mo reserves documented in business funds; ; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / Over XXX mo reserves documented in business funds
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Seller Credit of of XXX exceeds XXX% maximum of XXX
; ;
04/23/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO and DSCR.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Please provide evidence of six months rent loss insurance.
; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; Document Uploaded. ; Documentation received, XXX to review.;
04/23/2026
Documentation provided is sufficient. Exception resolved.; Rent Loss Coverage Present; Provide documentation from the XXX verifying whether the rent loss coverage is defined by a coverage duration (in months) or a specified dollar limit.; Insurance documentation received, confirms Loss of Rental Value coverage, however does not State the amount of coverage. XXX guidelines require minimum of XXX months coverage.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Please provide evidence that borrower(s) is XXX% XXX of XXX and have full access to funds to XXX Bank #XXX Business Account (XXX).
; Documentation and comment received, XXX to review.; Document Uploaded. Were the Articles of Incorporation acceptable? Please see additional communication for ownership of XXX XXX.; ; Documentation received, XXX to review.; Document Uploaded. Here is proof of ownership percentage. I'll be reaching out to our team regarding the signature card from the bank.;
04/20/2026
Asset Qualification Meets Guideline Requirements.; Asset Qualification Does Not Meet Guideline Requirements; FBN and Formation documentation provided showing borrower is XXX% XXX of XXX XXX. Pending Signature Card from bank.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Guideline Seasoning not Met
The required number of months reserves are to be seasoned does not meet Guideline requirement. Missing required two months Statements for asset documentation. One months Statement was provided for XXX Banks #XXX, XXX dated XX/XX/XXXX.
; ; ; Document Uploaded. I still owe you the 2nd Statement for XXX XXX There is a gap in the Statements we have.; ;
04/20/2026
The required number of months reserves are to be seasoned does meet Guideline requirement.; Statement from XX/XX/XXXX provided.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042108
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; ; ; Comp Faction: XXX DSCR; XXX FICO; Appraisal value XXX ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/21/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX DSCR; XXX FICO; Appraisal value XXX months PITIA reserves.; XXX provided showing exception was approved. Missing at least XXX compensating factors.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042108
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Comp Faction: XXX DSCR; XXX FICO; Appraisal value XXX ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX DSCR; XXX FICO; Appraisal value XXX months PITIA reserves.; XXX provided showing exception was approved. Missing at least XXX compensating factors.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042035
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Provide LLC executed W-XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
03/16/2026
Client provided Business Purpose & Occupancy Affidavit. LM Updated.
03/16/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042035
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Provide Lender Third Party Fraud Report with all high alerts cleared.
; Documentation received, XXX to review.; Document Uploaded. ;
03/16/2026
Third Party Fraud Report is provided; Client provided Fraud Report X. LM Updated.
03/16/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX on Initial CD to XXX on Final CD for Mortgage Recording. COC in the file does not reference this decrease.
Document Uploaded. Please see uploaded document. Cure packet
03/18/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
03/18/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 28.61% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 28.61% is less than Guideline CLTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Mortgage Recording Fee. COC in the file reflects loan is a CEMA; however, the document is cut off and there is no date to reference.
Document Uploaded. Please see uploaded document, CIC regarding the recording fee changes. ; Please note, the XX/XX/XXXX LE fees expired on XX/XX/XXXX. The recording fees changed and were disclosed on XX/XX/XXXX. The fee would not be subject to XXX% testing after the expiration date.
03/17/2026
Valid COC provided; exception resolved; Valid COC provided; exception resolved; The file contained a signed intent to proceed on XX/XX/XXXX, therefore the LE did not expire after XXX days
03/18/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 28.61% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 28.61% is less than Guideline CLTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 28.61% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 28.61% is less than Guideline CLTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 28.61% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 28.61% is less than Guideline CLTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044564
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044564
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044564
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044504
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 16.78% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 16.78% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044504
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 16.78% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 16.78% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044504
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 16.78% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 16.78% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044530
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Homeownership Counseling Disclosure Is Missing
Homeownership Counseling Disclosure Is Missing Homeownership Counseling Disclosure with supporting list Is Missing
Document Uploaded. Please see the XXX housing counseling list.
03/12/2026
Homeownership Counseling Disclosure Is Present or XXX
03/14/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.88% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.88% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
B
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044530
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Income/Employment General
Business Narrative Form is missing. As per the guidelines the document is required.
Please see page XXX which is a business narrative completed by the borrower's bookkeeper.
03/12/2026
Business Narrative provided.
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.88% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.88% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044530
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.88% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.88% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Rescinded
XXX
Credit
Asset General
Missing XXX% access letter for XXX Account XXX.
Document Uploaded. Please see the XXX guideline confirming that the access letter/VOD is only required when the borrower is not listed on the account. Borrower is named on the account so an access letter is not required.
03/12/2026
Borrower listed on account, per joint account eligibility guideline section an access letter is not required.
03/13/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Rescinded
XXX
Credit
Missing Deed of Trust Riders
Missing Foreclosure Disclosure Rider reflected as required on the Security Deed.
Please refer to page XXX for the rider.
03/12/2026
Verified Foreclosure disclosure signed by the borrower. Condition rescinded.
03/13/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044450
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Initial Escrow Account Disclosure is Missing
Document Uploaded. Please see the XXX initial escrow disclosure.
03/13/2026
Initial Escrow Account Disclosure is Resolved
03/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044450
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/11/2026
Resolved
XXX
Compliance
Qualified Mortgage Safe Harbor Threshold
Loan is a Higher Priced Covered Transaction Loan
Please clear this waterfall exception once the initial escrow disclosure is reviewed and cleared.
03/13/2026
    
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044450
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044450
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044539
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.49% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.49% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044539
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.49% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.49% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044539
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 31.49% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 31.49% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.09% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.09% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.09% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.09% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.09% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.09% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044458
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
TILA Right of Rescission Test
This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Documentation Required: The disbursement date of XX/XX/XXXX is before the cancel by date on the ROR listed as XX/XX/XXXX. Proof of actual disbursement date is required to resolve or a cure package requires PCCD, LOE, new ROR providing XXX days right to cancel
Please see the H9 RoR package XXX. The new rescission period expired last night at midnight
03/19/2026
Cure package provided to the borrower; exception downgraded to a 2/B
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.39% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.39% is less than Guideline LTV of 90%
D
B
C
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044458
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Incorrect rescission model used - RTC form model H-XXX used for Same Lender or Lender Affiliate Refinance
Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance The incorrect rescission form was completed - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance. Per Title Commitment, original lender is the same as Note (True Path Loans).
Document Uploaded. Please see the H9 RoR package XXX. The new rescission period expired last night at midnight
03/19/2026
Cure package provided to the borrower; exception downgraded to a 2/B
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.39% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.39% is less than Guideline LTV of 90%
D
B
D
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044458
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Acknowledged
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
Unable to Resolve-Seller acknowledges exception, no change in grading
03/16/2026
Confirmed : Unable to Resolve-Seller acknowledges exception, no change in grading
03/16/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.39% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.39% is less than Guideline LTV of 90%
D
B
B
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044458
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.39% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.39% is less than Guideline LTV of 90%
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044458
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.39% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.39% is less than Guideline LTV of 90%
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044461
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130 Cure Required. Refund in the amount of $xx x; cure package requires a PCCD, LOE, and Copy of Refund Check, or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Transfer Taxes on the CD dated XX/XX/XXXX without a valid COC.
Document Uploaded. Please see the XXX changed circumstance for the loan amount change that took place on XX/XX/XXXX, which increased two different transfer taxes.
03/12/2026
Received valid COC - exception resolved; Received valid COC - exception resolved
03/14/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 42.08% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.08% is less than Guideline CLTV of 90%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044461
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 42.08% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.08% is less than Guideline CLTV of 90%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044461
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 42.08% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.08% is less than Guideline CLTV of 90%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Cured
XXX
Compliance
Incorrect rescission model used - RTC form model H-XXX used for Same Lender or Lender Affiliate Refinance
Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance The incorrect rescission form was completed - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance. Per Title Commitment, the original lender is XXX Mortgage.
Document Uploaded. Please see the H9 rescission package XXX. New period expired last night at midnight. THank you
03/19/2026
Cure package provided to the borrower; exception downgraded to a 2/B
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy as subject property is a Condo Missing HO-6 Master Insurance Policy as subject property is a Condo
Document Uploaded. Please see the XXX master policy.
03/12/2026
HO-6 Master Insurance Policy is fully present
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.38% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.38% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Acknowledged
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). There is no evidence of Appraisal delivery to the borrower at least XXX business days prior to the consummation date of XX/XX/XXXX.
Unable to Resolve-Seller accepts; no change to grading.
03/12/2026
Confirmed : Unable to Resolve-Seller accepts; no change to grading.
03/12/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.38% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.38% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
B
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.38% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.38% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
A
A
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044507
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. The revised LE issued XX/XX/XXXX was provided less less than seven business days prior to the consummation date of XX/XX/XXXX.
Document Uploaded. Please see the XXX evidence the LE was acknowledged by the borrower online.
03/12/2026
Received Final LE receipt date - exception resolved; Received Final LE receipt date - exception resolved
03/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044507
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044507
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044498
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Borrower 1 Photo Identification not provided.
Document Uploaded. Please see the XXX identification.
03/13/2026
Photo Identification provided.
03/16/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044498
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044498
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044471
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044471
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044471
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044473
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Acknowledged
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
Unable to Resolve-Seller acknowledges the exception, no change to grading.
03/12/2026
Confirmed : Unable to Resolve-Seller acknowledges the exception, no change to grading.
03/12/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
B
B
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044473
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044473
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044535
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Property
Condo Approval Missing
Condo Approval Missing. Condo approval is Missing.
Document Uploaded. Please see uploaded document. Condo information as requested.
03/12/2026
Condo Approval is provided.
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 34.48% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 34.48% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
B
A
A
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044535
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 34.48% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 34.48% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
B
A
A
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044535
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 34.48% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 34.48% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
B
A
A
A
A
A
B
A
A
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044524
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 76.4% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.4% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044524
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 76.4% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.4% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044524
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 76.4% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.4% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044545
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Cured
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX to XXX on CD XX/XX/XXXX. Difference represents a reduction in the lender paid amount towards the Appraisal fee.
Document Uploaded. please see XXX
03/18/2026
Cure package provided to the borrower; exception downgraded to a 2/B
03/19/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 67.02% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.02% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044545
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 67.02% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.02% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044545
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 67.02% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.02% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044478
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments
Final 1003 captures HOA fees in the amount XXX provide verification or proof
Document Uploaded. There are no HOA dues. Please see XXX 1003 and XXX confirming there are no HOA dues on the SFR.
03/12/2026
Lender provided revised 1003 and XXX removing HOA.
03/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.91% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.91% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044478
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.91% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.91% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044478
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.91% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.91% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044479
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b cure required: Refund in the amount of XXX The lender credit decreased from XXX on the initial CD to XXX on the final CD dated XXX. Cure package requires a PCCD or proof of refund check to the borrower in the amount of $XXX.
Document Uploaded. Please see the XXX valid changed circumstance, for the loan amount changed which decreased lender credits.
03/12/2026
Valid COC received - exception resolved; Valid COC received - exception resolved
03/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.52% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044479
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.52% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044479
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.52% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.52% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044552
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments
Missing verification of HOA dues for the subject property supporting annual amount of XXX Lender to evidence the HOA dues for the subject property to complete audit.
Please see page one of the appraisal found on page XX/XX/XXXX. The Special assessment is XXX annually.
03/12/2026
HOA dues of XXX per month reflected in appraisal. Condition cleared.; The appraisal in the loan file shows XXX per year. Please advise.
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044552
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044552
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.44% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.44% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.44% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.44% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.44% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.44% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044540
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044540
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044540
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.34% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.34% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.34% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.34% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.34% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.34% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
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409044484
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
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409044484
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
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409044484
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%
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409044485
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
  
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409044485
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
  
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409044485
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
  
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409044529
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044529
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044529
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044527
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
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409044527
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
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409044527
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
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409044490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
Revised Loan Estimate Delivery Date Test (prior to consummation)
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) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"XXX XXX Class XXXl" 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 he 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 XXXl. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was XXXled, and therefore not received by the consumer XXX business days prior to the consummation date, XX/XX/XXXX. The defect can be cured by providing evidence showing the consumer received the loan estimate at least XXX business days prior to consummation.
Document Uploaded. Please see the XXX loan estimate verification. Website FYi is the date/time the borrower acknowledged the loan estimate, and the outstanding status is the date/time the document was prepared/disclosed.
03/12/2026
Received final LE receipt date - exception resolved; Received final LE receipt date - exception resolved
03/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.61% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.61% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409044490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.61% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.61% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
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409044490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.61% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.61% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
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409044495
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044495
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
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409044495
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
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409044493
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.47% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
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409044493
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.47% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
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409044493
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/09/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational
03/11/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.47% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041877
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property has health and safety concerns. Appraiser indicates bars on windows without quick releases and staining in bathroom with remediation recommended.
; Document Uploaded. appraiser comments reflects windows with bars have alternate egress therefore there is no health and safety issues. Provided additional documentation and inforXXXton on the bathroom. ; Documentation and comment received, XXX to review.; ;
03/25/2026
Property/Appraisal Meets Guidelines; Additional inspection received for mold remediation Appraisal indicates alternative egress so no safety concerns for bars on windows.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041877
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered.
; Document Uploaded. Documentation and comment received, XXX to review.; uploaded items under other issues identified from appraisal. Please clarify if there are more items I need to address. Thank you. ; ;
03/25/2026
The issue with the property has been resolved.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041877
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/09/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Preliminary title report XX/XX/XXXX reflects title coverage of XXX which is less than subject lien of XXX Provide title report covering loan amount of XXX
; Documentation received, XXX to review.; Document Uploaded. final title policy XXX reflecting note amount of $XXX.;
03/18/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien XXX
03/18/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039250
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
; Documentation received, XXX to review.; Document Uploaded. ;
03/19/2026
Evidence of appraisal delivery provided.
03/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043432
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Please waive. XXX exception approved. Comp factors: FICO XXX DSCR >XXX, Experienced XXX; ;
03/18/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR >XXX, Experienced XXX
03/18/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043432
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Missing established escrow account as required per XXX XXX DSCR guidelines. UW Exception in file from XXX but no exception granted by XXX in file.
; Please waive - XXX exception approved. Comp factors: FICO XXX DSCR >XXX, Experienced XXX; ;
03/18/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR >XXX, Experienced XXX
03/18/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043703
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Evidence of appraisal delivery provided.
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.12% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.12% is less than Guideline LTV of 75%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043703
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Application Profile Missing
Missing business narrative as required by XXX Expanded Bank Statement program.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Business narrative received.
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.12% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.12% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042146
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Application Profile Missing
Missing the Business Narrative.
; ; Document Uploaded. ; Documentation received, XXX to review.; ;
03/20/2026
Client provided Business Narrative for the Borrower. LM Updated.
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042146
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Compliance
Final CD: Loan Disclosures Assumption incomplete or inaccurate
Final CD shows loan as assumable. Per note and mortgage, loan is not assumable.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/20/2026
PCCD provided correcting assumablity
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Borrower 1 Executed 4506-T Missing
Borrower 1 Executed 4506-T Missing
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Borrower 1 Executed XXX-T Provided
05/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Borrower 2 Executed 4506-T Missing
Borrower 2 Executed 4506-T Missing
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Borrower 2 Executed XXX-T Provided or XXX (Number of Borrowers equals XXX)
05/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Income 2 Months Income Verified is Missing
Income 2 Months Income Verified is Missing Missing income documentation (B1) to support VA benefits XXX per month., that was used to qualify.
; Documentation and comment received, XXX to review.; Regarding the VA benefits. We followed their non-self-employment requirements for disability/retirement, which directs us to use the FNMA guidelines. FNMA says we can use the XXX VA letter. ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/27/2026
Income 2 Months Income Verified is Present Or XXX; Income 2 Months Income Verified is Missing
05/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Only one month of asset documentation was provided for all bank Statements: XXX #XXX, #XXX, #XXX, and #XXX.
; Documentation and comment received, XXX to review.; Bank Statements; ; Document Uploaded. ; Documentation received, XXX to review.;
03/27/2026
Asset Qualification Meets Guideline Requirements.; Asset Qualification Does Not Meet Guideline Requirements Two months Statements provided for accounts XXX and XXX Missing 2nd Statement for acct XXX
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/27/2026
Evidence of appraisal delivery provided.
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; ; ; Document Uploaded. ;
03/27/2026
Evidence of eConsent is provided. The eSigned documents consent is missing.
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Intent to Proceed is Missing
The intent to proceed is missing. Please provide either a signed intent to proceed document or provide the date the borrower gave the lender/broker their intent to proceed
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/27/2026
Proof of Intent to Proceed has been provided. The intent to proceed is missing.
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the points on the Initial CD dated XX/XX/XXXX and increase from XXX to XXX for Appraisal Fee an the Revised LE dated XXX.
; ; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Valid COC(s) received - exception resolved; Valid COC(s) received - exception resolved
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Borrower 2 Photo Identification not provided
Borrower 2 Photo Identification not provided. Borrower's photo identification is not contained in the loan file. Please provide photo ID or an executed Patriot Act Form.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Photo Identification provided.
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Borrower's photo identification is not contained in the loan file. Please provide photo ID or an executed Patriot Act Form.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Photo Identification provided.
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Per XXX Expanded v12 guidelines, Collateral Desktop Analysis (CDA) ordered from XXX, or a Consolidated Collateral Analysis (CCA) ordered from XXX is required to support the value of the appraisal.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Third party valuation product provided within tolerance.
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing Occupancy Affidavit or Business Purpose Affidavit for Investment Purpose loan.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Business Purpose Affidavit/Disclosure Provided
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
C
A
C
A
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040347
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification all XXX mortgages disclosed on the Supplement credit report dated XX/XX/XXXX are current. The mortgages are currently due for XX/XX/XXXX and XX/XX/XXXX. Missing evidence of XX/XX/XXXX & XX/XX/XXXX mortgage payments as the subject loan closed XX/XX/XXXX. XXX DSCR v13 guidelines require housing history reflect XXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/19/2026
Housing History Meets Guideline Requirements
03/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041847
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Missing Lease Agreement
The appraisal identifies the subject to be tenant occupied, and guidelines require XXX residences to be occupied for refinances transactions, but a lease agreement was not provided.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Client provided Lease agreement dated XX/XX/XXXX and XXX months cancelled checks from rent. LM Updated.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 70%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041847
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing third party valuation for FNMA UCDP score over XX/XX/XXXX
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Third party valuation product provided within tolerance.; Client provided XXX CDA. LM Updated.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 70%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041847
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Subject Property Address on Note does not match Insured Property Address
Subject Property on Note does not match Insured Property Address The insurance policy shows the address as XXX and the note shows it as XXX
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/25/2026
Subject Property on Note matches Insured Property Address
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 70%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042654
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/10/2026
Resolved
XXX
Credit
Hazard Insurance Effective Date is after the Disbursement Date
Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. Provide evidence of insurance in force at time of disbursement.
; ; Documentation received, XXX to review.; Document Uploaded. hoi; ;
04/17/2026
Renewal certificate provided confirms prior policy dates of XX/XX/XXXX through XX/XX/XXXX. Current policy is effective XX/XX/XXXX through XX/XX/XXXX. Finding is resolved. ; Client provided Hazard Insurance with an Effective Date of XX/XX/XXXX. Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. Provide evidence of insurance in force at time of disbursement.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040593
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Missing required XXX consent for community property State.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/24/2026
Property Title Issue Resolved
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041686
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Compliance
Final CD: Loan Disclosures Assumption incomplete or inaccurate
Final CD shows loan as assumable. Per Note and Mortgage, loan is not assumable.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
  
04/08/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 55% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043835
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Subject GLA (XXX) is less than min required by lender XXX for SFR.
; Document Uploaded. DD to waive for B Grade. Exception XXX.; Please review and advise on an exception;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX /XXX history /Experienced XXX.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043835
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Document Uploaded. DD to waive for B Grade. Exception XXX.; I just XXX the Team to check on an exception on this condition since it is ineligible :(;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX /XXX history /Experienced XXX.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043835
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% CD reflects purchase price of XXX and IPCs of XXX exceeding XXX% max allowable.
; Document Uploaded. DD to waive for B Grade. Exception XXX.; Please review and accept an acception; Comment received, in XXX review.; Kindly advise from where did we get the XXX ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX /XXX history /Experienced XXX.; ; Per final CD in file, borrower received a credit of XXX from the seller, which exceeds guidelines maximum.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043175
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/24/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The appraiser noted that the garage door opener was not working at the time of inspection. No cost to cure provided.
; Document Uploaded. Appraiser commented as Depending on the severity of the problem, cost to cure could reach XXX if opening unit needs replacement, including professional installation. Conversely, a minor issue would be limited to a service call, typically under $XXX; Documentation and comment received, XXX to review.; This is not a safety, structural, or marketability concern. Repair is not required.;
04/28/2026
; Received updated appraisal with cost to cure range from XXX to XXX for a new system with professional installation. Exception Resolved. ; ;
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
C
A
B
A
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043175
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Provide documentation/explanation for large deposit to personal account in the amount of XXX dated XX/XX/XXXX for XXX account ending XXX
; Document Uploaded. We do have bank Statement from the XXX showing withdrawal of XXX dated XX/XX/XXXX to #XXX on same date; Documentation and comment received, XXX to review.; Do we have any update on this file? ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
; ; ; LOE provided for XXX deposits. Missing LOE for deposit of XXX dated XX/XX/XXXX
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
C
A
B
A
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043175
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. Appraisal waiver in file.
; Document Uploaded. Refer XXX.; Documentation received, XXX to review.; ;
03/26/2026
Evidence of appraisal delivery provided.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
C
A
B
A
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043175
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required-  XXX e-signed document in the file is dated XX/XX/XXXX; however, missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. refer XXX;
03/26/2026
Evidence of eConsent is provided.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
C
A
B
A
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
D
D
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040357
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
PUD Rider is Missing
PUD Rider is Missing The appraisal reflects the subject is a PUD. The mortgage to be re-executed with a PUD Rider.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/01/2026
The PUD Rider is Present or is XXX (XXX is PUD);
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040357
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Rescinded
XXX
Credit
Purpose does not meet eligibility requirement(s)
XXX DSCR v13 Guidelines State: For refinance transactions, XXX must be leased at the time of closing, and the borrower must provide evidence that the property has been leased. The appraisal identifies the subject to be tenant occupied, but a lease was not provided for review.
; Subject property is STR per XXX Rental income was based on XXX% of XXX value (As allowed per XXX guides). ;
04/06/2026
Property designated as a short term rental per appraisal. XXX% of rental income used per guidelines.
04/06/2026
  
D
B
A
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040357
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; 61.73% LTV, DSCR XXX Score XXX Appraisal reflects property area is suburban and not rural. ; ; Document Uploaded. Please waive- exception for rural XXX finding. See XXX.;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose 61.73% LTV, DSCR XXX Score XXX Appraisal reflects property area is suburban and not rural.; Please provide compensating factors in order to waive finding
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040357
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary. Provide XXX or Loan Approval.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Approval/Underwriting Summary is fully present
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040216
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Waived
XXX
Credit
Application Profile Missing
Provide Business Narrative not contained in loan file.
; DD to waive for B Grade. Seller does not require per their guides - seller variance is pending but not yet approved by XXX. Discussed with XXX Team and fine to proceed without for B Grade. Comp Factors: XXX% DTI; XXX FICO; XXX mos PITIA reserves; 75% LTV; Please waive this condition as XXX does not require a business narrative. ;
03/26/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI; XXX FICO; XXX mos PITIA reserves; 75% LTV
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040216
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Provide Third Party Valuation Product/UCDP not contained in loan file.
; Document Uploaded. Please review - XXX SSR with CU XXX in file.; ;
03/17/2026
Third party valuation product provided within tolerance.; Client provided XXX SSR. LM Updated.
03/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039964
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. FEMA Emergency Declaration was declared on XXX XXX (South Caroloina Severe Winter Storm EM-XXX-SC). Appraisal inspection occurred after this date, but there are no comments by the appraiser regarding this.
; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
FEMA Post Disaster Inspection report was provided.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039964
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Currently vested in borrower's personal name. No deed was provided to show transfer to business entity borrower.
; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Title Document is fully Present.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041735
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing EIN documentation.
; Documentation received, XXX to review.; Document Uploaded. no ein, no employees, XXX % member XXX ;
04/27/2026
Documentation provided showing no EIN used.
04/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.25% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.25% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041735
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Hazard insurance coverage of XXX is less than required coverage of loan amount XXX Missing insurers estimate of replacement cost.
; Documentation received, XXX to review.; Document Uploaded. ; ; Replacement cost coverage is automatically included in XXX Rental Dwelling.;
04/27/2026
The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
04/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.25% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.25% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042824
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Missing Loan program disclosure
1003 shows XXX rentals with XXX (appears all were just refinanced). XXX of the XXX Closing Disclosures were provided. Total exposure including this XXX rental being purchased is just over XXX Million, this is under the lender's maximum XXX million exposure for one borrower/entity. Missing final closing disclosures for the following XXX listed on Final 1003: XXX XXX
; Document Uploaded. ; Documentation received, XXX to review.;
03/19/2026
Missing CDs provided.
03/19/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Waived
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary.
; Please waive for Grade B (XXX guides allow) - XXX history since XXX LOW DTI of XXX% allow for much higher payment to be included- calcd using XXX% XXX Score; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX history since XXX LOW DTI of XXX% allow for much higher payment to be included- calcd using XXX% XXX Score; Additional documentation was initially receieved; however, the following is requried to meet program guidelines -> Provide documentation to support the qualifying payment of XXX for XXX liability due to monthly payment is not disclosed on the credit report; Provide additional reserves in the amount of XXX due to departing primary residence requires XXX mos of PITI ($125203x6 = $XXX); Provide letter of intent to rent the departure residence within ninety XXX days of closing on the subject; Additional documentation was receieved and the following is requried to meet program guidelines -> Provide documentation to support the qualifying payment of XXX for XXX liability due to monthly payment is not disclosed on the credit report; Provide additional reserves in the amount of XXX due to departing primary residence requires XXX mos of PITI ($125203x6 = $XXX); Provide letter of intent to rent the departure residence within ninety XXX days of closing on the subject.
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
B
B
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Title Document Missing
Title Document is missing
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Title Document is fully Present
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Property Tax Cert Provided
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Third Party Fraud Report is provided
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Photo Identification provided.
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing
; Documentation received, XXX to review.; Document Uploaded. Pages XXX-XXX of the collateral file that was provided; ;
03/25/2026
The Final 1003 is Present
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Hazard Insurance Policy is Missing
Missing Hazard Insurance Policy
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Hazard Insurance Policy is fully present
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Credit
Flood Insurance Policy Missing
Missing Flood Insurance Policy
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
Flood Insurance Policy is fully present
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
purchase Contract is Missing
Loan Purpose is purchase but purchase Contract Doc is Missing
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ;
03/25/2026
purchase Contract Doc is not Missing, or is XXX.; purchase Contract Doc is not Missing, or is XXX.
03/25/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042481
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/11/2026
Resolved
XXX
Compliance
TRID: Missing Loan Estimate
Please provide the initial LE issued within XXX business days of the application date of XX/XX/XXXX. Additional testing will be completed once the initial LE is provided.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/24/2026
Initial LE provided; exception resolved
03/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043444
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Personal Guaranty Agreement Incomplete
Personal Guaranty Incomplete. XXX owns XXX% of the business entity. Provide a full recourse guarantee from XXX. Guidelines require all members with XXX% or more controlling interest to provide a full recourse guarantee.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX ; ;
03/26/2026
Personal Guaranty provided.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043444
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Provide an executed W9 and personal identification for XXX. Guidelines require for all Guarantors personal ID with interest > XXX% and Executed W9.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX ; ;
03/26/2026
Executed W9 and copy of driver's license provided; condition resolved.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043444
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Provide Third Party Valuation not found in the loan file.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX ; ;
03/20/2026
Third party valuation product provided within tolerance.
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Credit
Missing Business Entity Formation Document
Business Narrative missing.
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX / Low DTI / Low LTV ; Comment received, XXX to review.; XXX buys to NDM's guidelines, we don't require the business narrative, please clear; ;
04/15/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / Low DTI / Low LTV; Loan reviewed to XXX guidelines and requires business narratives. XXX to review for exception.
04/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.19% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.19% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Audited FICO is less than Guideline FICO
Audited FICO of is less than Guideline FICO of XXX The merged credit report reflects an Extended Fraud Victim Alert on the borrower's credit profile. Credit scores were not returned due to fraud alert. Provide credit report with valid fico scores.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/13/2026
Audited FICO of XXX is greater than or equal to Guideline FICO of XXX
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.19% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.19% is less than Guideline LTV of 70%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Loan does not conform to program guidelines
Per XXX DSCR Guidelines, credit reports with bureaus identified as frozen are required to be unfrozen and a current credit report with all bureaus unfrozen is required. Both Borrower 1 and XXX credit report is frozen and not scored
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
  
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.19% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.19% is less than Guideline LTV of 70%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040586
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Reserve requirement is XXX months.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Experienced XXX; XXX FICO; 63.84% LTV; No Mortgage Lates; Property is tenant occupied.; Requesting for an exception: XXX months in reserves. ; Documentation received, XXX to review.; Document Uploaded. Please find XXX final settlement Statement reflecting a cash back to borrower in the amount of $XXX; adding to XXX gives borrower a total of XXX which is more than sufficient for XXX months reserves. ; ; ;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Experienced XXX; XXX FICO; 63.84% LTV; No Mortgage Lates; Property is tenant occupied.; Settlement Statement for borrower provided. Settlement Statement is for subject property. Updated Reserves of XXX still short the required reserves.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040586
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Reserve requirement is XXX months.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Experienced XXX; XXX FICO; 63.84% LTV; No Mortgage Lates; Property is tenant occupied.; Requesting for an exception on this please. ; Documentation received, XXX to review.; Document Uploaded. Please find XXX final settlement Statement reflecting a cash back to borrower in the amount of $XXX; adding to XXX gives borrower a total of XXX providing a XXX over XXX months in reserves. ; ;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Experienced XXX; XXX FICO; 63.84% LTV; No Mortgage Lates; Property is tenant occupied.; Settlement Statement for borrower provided. Settlement Statement is for subject property. Updated Reserves of XXX still short the required reserves.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044025
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines XXX DSCR v13 guidelines require personal identification for all material owners and Articles of Organization. Missing Articles of Organization for XXX XXX Series XXX.
; Documentation received, XXX to review.; Document Uploaded. Operating agreement XXX; ;
04/09/2026
Income and Employment Meet Guidelines; Client provided Operating Agreement for XXX XXX Series XXX reflecting the Borrower as the Sole Member. LM Updated.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044025
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing Lease Agreement
The appraisal indicates that the subject property is tenant occupied. No lease provided for review.
; ; ; Document Uploaded. Leases XXX; Documentation received, XXX to review.; Appraiser States rent and expiration date of each rent agreement. We used the lower of the rental and market rent for DSCR score. (XXX St) it’s under LLC free and clear (as per data verify) ;
04/09/2026
  
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044025
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts Seller’s fraud report discloses an undisclosed property not listed on the Final 1003 (XXX St). Provide updated Final 1003 with all properties owned by borrower.
; ; XXX does not require documentation or disclosure of free and clear properties on DSCR loans. Please review and rescind. Thank you; XXX St) it’s under LLC free and clear (as per data verify) and does not required to be added as per guidelines. ;
03/24/2026
All Fraud Report Alerts have been cleared or None Exist
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042073
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 71.93% exceeds Guideline LTV of 70% XXX Time XXX 5% LTV reduction applies, maximum LTV is 70%.
; Document Uploaded. Exception Approved. DD to review XXX exception and waive for B Grade.; ;
04/02/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; Property Suburban per appraisal; No Mortgage Lates; XXX supported per appraisal and CDA with variance of XXX%
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042073
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Document Uploaded. Exception Approved. DD to review XXX exception and waive for B Grade.; ; ; ;
04/02/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; Property Suburban per appraisal; No Mortgage Lates; XXX supported per appraisal and CDA with variance of XXX%
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409039943
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Income)
Missing LOE regarding bank Statement withdrawals being greater than deposits.
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; Document Uploaded. ; Documentation received, XXX to review.;
04/10/2026
LOE provided regarding declining cashflow. ; Provide a letter of explanation to address declining cash flow, as bank Statements reflect withdrawals (personal and business related) exceeding deposits in the majority of the qualifying months. Per program guidelines, this activity indicates a declining cash flow trend.; ; LOE provided stating withdrawals are not greater then deposits, however, checks are to be included in withdrawals. On multiple months, when adding the checks and withdrawals together, the total amount exceeds the deposits. LOE is required regarding cashflow.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039943
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Missing HELOC closure letter for XXX acct #XXX
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/01/2026
Property Title Issue Resolved; Provide Close Out Letter from XXX due to the document provided is XXX with XXX XXX dated XX/XX/XXXX.
04/01/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039979
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for B grade - XXX granted exception. COMP FACTORS: • LTV 57.14% (Of original purchase price - significantly lower using current appraised value. • DSCR XXX • FICO XXX • XXX history ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/07/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: LTV 57.14% (Of original purchase price - significantly lower using current appraised value; DSCR XXX; FICO XXX; XXX history.; XXX to review for exception
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039979
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
Guidelines require XXX months of seasoning for cash-out refinance. The borrower purchased the subject on XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
The subject transaction meets the requirements for a delayed purchase and is arm's length. ; Delayed Financing. Client States: Missing lease agreement for subject property. Per XXX XXX DSCR guidelines for refinance transactions, XXX must be leased at the time of closing, and the borrower must provide evidence that the property has been leased. *I am leaving this here so the Underwriter can confirm. From what I can tell on page XXX of the DSCR guideline show an unleased unit uses XXX% of market rent on XXX (we’re below market rent) and a 5% LTV reduction (we’re under the LTV limit). If the Underwriter agrees, I’ll put together a cover letter explaining how we treated the finding. – The Underwriter agrees with assessment and States this is exactly what he did. Guidelines require XXX months of seasoning for cash-out refinance. The borrower purchased the subject on XX/XX/XXXX. *Page XXX of the DSCR guidelines. - On page XXX of the Premier (DSCR) underwriting guidelines there is a section for delayed financing section which was used. That States between XXX to XXX months is permitted. The Bwr’s purchased the property XX/XX/XXXX and our close date was XX/XX/XXXX, which is XXX days. We obtained the source of the funds used to purchase the property in cash, and the settlement Statement – it was a non-arms length transaction. LM Updated.
04/06/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409039979
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Per XXX XXX DSCR guidelines for refinance transactions, XXX must be leased at the time of closing and the borrower must provide evidence that the property has been leased.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/31/2026
Delayed Financing. Client States: Missing lease agreement for subject property. Per XXX XXX DSCR guidelines for refinance transactions, XXX must be leased at the time of closing, and the borrower must provide evidence that the property has been leased. *I am leaving this here so the Underwriter can confirm. From what I can tell on page XXX of the DSCR guideline show an unleased unit uses XXX% of market rent on XXX (we’re below market rent) and a 5% LTV reduction (we’re under the LTV limit). If the Underwriter agrees, I’ll put together a cover letter explaining how we treated the finding. – The Underwriter agrees with assessment and States this is exactly what he did. Guidelines require XXX months of seasoning for cash-out refinance. The borrower purchased the subject on XX/XX/XXXX. *Page XXX of the DSCR guidelines. - On page XXX of the Premier (DSCR) underwriting guidelines there is a section for delayed financing section which was used. That States between XXX to XXX months is permitted. The Bwr’s purchased the property XX/XX/XXXX and our close date was XX/XX/XXXX, which is XXX days. We obtained the source of the funds used to purchase the property in cash, and the settlement Statement – it was a non-arms length transaction. LM Updated.
03/31/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043431
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Please waive for B grade. XXX granted exception. Comp factors: FICO XXX; DSCR XXX has owned subject for XXX years;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; DSCR XXX has owned subject for XXX years
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409038282
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for B grade. XXX has granted exception. Comp factors--DSCR over XXX experienced landlord, XXX history and long term tenant.;
04/06/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR over XXX experienced landlord, XXX history and long term tenant.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409038282
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The subject's lot size of XX/XX/XXXX square feet is significantly smaller than the comparable lot sizes. Please confirm that this data is accurate.
; Please waive - appraiser comments are contained within the existing report. COmp factors: DSCR >XXX; Experienced landlord; long time tenant occupying subject (XXX yrs per LOE); XXX history;
04/06/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR >XXX; Experienced landlord; long time tenant occupying subject (XXX yrs per LOE); XXX history
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409038282
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade - XXX has granted exception - Comp factors-- DSCR over XXX experienced landlord, XXX history and long term tenant.;
03/27/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR over XXX experienced landlord, XXX history and long term tenant.
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409044445
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044445
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044445
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044534
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Acknowledged
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Documentation required to clear exception: Please provide missing Initial Escrow Account Disclosure.
Unable to Resolve-Seller acknowledges exception, no change in grading
03/16/2026
Confirmed : Unable to Resolve-Seller acknowledges exception, no change in grading
03/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
B
B
B
B
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044534
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044534
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
B
B
A
A
A
A
A
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Cured
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). Documentation required to clear exception: TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The Tolerance violation in the amount of XXX is due to Decrease from XXX to XXX for the Lender Credit on Final CD XX/XX/XXXX.
Document Uploaded. Please see XXX curing the issue.
03/26/2026
Cure package provided, exception downgraded to a 2/B; Cure package provided, exception downgraded to a 2/B
03/26/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.74% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.74% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.74% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.39% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.39% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.39% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.39% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.39% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.39% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044532
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
XXX - Mortgage Statement, Insurance document is missing, XXX - Insurance & HOA documents is missing
Document Uploaded. Please be advised the XXX Mortgage and XXX on XXX XXX are on the credit report. Please see the XXX HOI for XXX XXX and XXX XXX along with proof there are no HOA dues on XXX XXX.
03/17/2026
Lender provided HOI docs for REOs
03/18/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 78.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.74% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044532
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
Lender Credits That Cannot Decrease Test
This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
Please be advised the lender credits did not decrease, please refer to page XXX of the final closing disclosure showing an increased amount paid as a XXX reduction.
03/16/2026
Lender confirmed XXX reduction was applied for lender credits; exception resolved; Lender confirmed XXX reduction was applied for lender credits; exception resolved; TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX on the CD dated XX/XX/XXXX. to XXX on the Final CD.
03/17/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 78.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.74% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044532
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/15/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 78.74% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.74% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044508
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.41% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.41% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044508
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.41% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.41% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044508
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.41% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.41% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044503
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044503
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044503
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044562
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044562
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044562
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/15/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044462
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.81% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.81% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
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A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044462
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.81% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.81% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044462
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/15/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.81% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.81% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044496
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044496
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044496
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044470
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044470
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044470
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044542
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044542
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044542
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044517
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044517
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/15/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044517
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/15/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044499
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044499
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044499
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044559
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 49.47% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.47% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044559
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 49.47% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.47% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044559
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 49.47% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.47% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Acknowledged
XXX
Compliance
Incorrect rescission model used - RTC form model H-XXX used for Same Lender or Lender Affiliate Refinance
Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance The consumer(s) was provided the incorrect RTC version. The consumer is refinancing with the original (same) creditor (-new XXX of money with the same creditor). Model H-XXX was provided; because the property is located in XXX, model H-XXX should have been used.
Unable to Resolve-seller accepts; no change to grading. ; Please downgrade this to a grade XXX or cancel. The Circuit court that covers XXX, Circuit XXX has not held that the H-XXX form is not acceptable to open recission in this situation. The only circuit court that has, circuit XXX covers PA, DE, XXX, however Circuit XXX has not ruled, and the case is distinguishable on the merits. Please clear this condition as it is invalid.
03/17/2026
Acknowledged as 2/B grading per client request; ; Property is located in XXX, exception downgraded to a 2/B
03/18/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044531
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
A
A
A
A
A
A
D
B
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044511
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing verification that XXX XXX
Document Uploaded. Please see XXX property report confirming zero liens on the property and that it is free and clear.
03/16/2026
Lender property report confirming zero liens on the property and that it is free and clear.
03/17/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 52.65% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.65% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044511
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 52.65% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.65% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044511
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 52.65% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.65% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044489
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044489
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044489
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044491
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044491
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044491
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/13/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044492
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Property
No Property Findings
Property and valuations related findings were not identified on the loan.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.38% is less than Guideline CLTV of 75%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044492
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/12/2026
Resolved
XXX
Credit
No Credit Findings
The loan meets all applicable credit guidelines.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.38% is less than Guideline CLTV of 75%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044492
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/15/2026
Resolved
XXX
Compliance
No Compliance Findings
The loan is in compliance with all applicable laws and regulations.
    
Informational Only
03/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.38% is less than Guideline CLTV of 75%
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042679
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Waive for B Grade. Meets seller guidelines being accepted by XXX - Comp factors: FICO XXX / DSCR >XXX / 65% LTV ; PLEASE REMEMBER XXX BUYS TO NDM'S GUIDELINES, AND CLEAR. THANK YOU; ; ;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / 65% LTV
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043906
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing letter of explanation for deferred balance reflected on the mortgage Statement and payoff Statement for XXX Bank paid off at closing for $XXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; Document Uploaded. ; Documentation received, XXX to review.;
03/30/2026
LOX received. ; LOE provided, however explanation for deferred balance reflected on the mortgage Statement and payoff Statement for XXX Bank paid off at closing for XXX were not Stated.
03/30/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043906
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; Documentation received, XXX to review.; Document Uploaded. ;
03/20/2026
Evidence of appraisal delivery provided.
03/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041094
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for B grade - XXX granted exception. FICO XXX / DSCR XXX / XXX history / Reserves from savings >XXX mo;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR XXX / XXX history / Reserves from savings >XXX mo
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041094
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
Per application, borrower intends to occupy subject property.
; Documentation received, XXX to review.; Document Uploaded. ;
04/01/2026
  
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041094
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing required Business Purpose Affidavit.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Business Purpose Affidavit/Disclosure Provided
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409041488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/13/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/20/2026
Evidence of eConsent is provided.
03/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.13% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.13% is less than Guideline LTV of 80%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044171
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing Required Completed and Signed Business Purpose Affidavit.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Executed Borrower Certification of Business Purpose. LM Updated.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042832
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser listed the subject property as "XXX" but the photos show a XXX building.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
The issue with the property has been resolved.; Client provided Updated Appraisal reflecting XXX XXX., FNMA SSR and Freddie Mac SSR. LM Updated.; Subject property is a free-standing two unit property No common walls are shared with another property. appraisal should reflect XXX.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042122
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Client approved an exception to guidelines to allow for rural property according to XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR > 100x, FICO of XXX months of reserves, and mortgage history XXX across XXX concurrent accounts.
04/27/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR > 100x, FICO of XXX months of reserves, and mortgage history XXX across XXX concurrent accounts.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043089
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Rescinded
XXX
Credit
The Final 1003 is Not Executed
The Final 1003 is Not Executed Missing borrower and lender signature and date
; Documentation received, XXX to review.; Document Uploaded. per FMHL guidelines, a Final 1003 is not required for DSCR loans ;
03/25/2026
Not required by FMHL
03/25/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041687
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX%
; DD to waive for B Grade with exception approved. Comp factors: FICO XXX / DSCR >XXX / Experienced landlord; Document Uploaded. DD to waive for B Grade. Exception XXX.; Post close exception approved. Please note: Exception approved with XXX adjustment to pricing; XXX may review for exception. Please note there maybe impact to pricing.;
03/26/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / Experienced landlord; ; Exception approval received, but missing compensating factors.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042823
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser listed the subject property as "XXX" but the photos show a XXX building.
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
The issue with the property has been resolved.; Client provided Updated Appraisal reflecting XXX Units XXX., FNMA SSR and Freddie Mac SSR. LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042423
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Missing Lease Agreement
The appraisal identifies the subject property to be tenant occupied. A copy of the lease agreement was not provided for review.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/01/2026
Received lease for additional unit and DSCR XXXs within guidelines.; Lease agreement for one unit provided. Missing second lease.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042423
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Guideline Seasoning not Met
The required number of months reserves are to be seasoned does not meet Guideline requirement. Reserves amount insufficient. See LOE on page XXX Borrower indicated that the Cash-Out proceeds from different REO refinances would be used for this refinance. However, there is not a CD documented in the loan file for any other REO refinance and the Cash-Out proceeds for the current refinance is not enough to cover the required XXX months reserves.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/30/2026
The required number of months reserves are to be seasoned does meet Guideline requirement.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042571
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Flood Insurance Policy Missing
Missing Flood Insurance Policy Property is in a Flood zone, missing Flood insurance policy.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Flood Insurance Policy is fully present
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042571
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Per XXX XXX DSCR guidelines, for refinance transactions, For XXX-XXX-unit properties, there shall be no more than one vacant unit at origination and any vacant unit must provide evidence of a recent lease within the last two XXX months. Subject property is tenant occupied per appraisal.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Lease agreement provided.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042571
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing 2nd review appraisal.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Third party valuation product provided within tolerance.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042571
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Haz policy is XXX short in coverage.
;
03/30/2026
Document Uploaded. ; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039984
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded bank Statement program v12
; Document Uploaded. Business narrative - page XXX to finding.;
03/20/2026
Business narrative provided
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.97% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.97% is less than Guideline LTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042429
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Application Profile Missing
The required Borrower Contact Consent Form is not contained in the loan file.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
E-consent provided.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042779
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043452
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Insured amount is correct at XXX and is less than the XXX loan amount.
; Documentation received, XXX to review.; Document Uploaded. ;
03/24/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien XXX
03/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043837
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042301
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040855
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042828
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser listed the subject property as "XXX" but the photos show a XXX building.
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
The issue with the property has been resolved.; Client provided Updated Appraisal reflecting XXX units XXX., FNMA SSR and Freddie Mac SSR. LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042828
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Prepayment riders provided (both copies, pages XXX and XXX) are missing page XXX with the borrowers' signatures.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/25/2026
The Deed of Trust is Present and Complete
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044022
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Credit
Cash Out Does Not Meet Guideline Requirements
Cash Out Does Not Meet Guideline Requirements Borrower States that they are taking cash out through the refinance for debt consolidation guideline States that cash out proceeds must be for business purpose only.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX LOX.; ;
03/30/2026
LOE received.
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044022
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/13/2026
Resolved
XXX
Property
The appraisal was completed "Subject To" and the Completion Certificate in file is incomplete.
The appraisal was completed Subject-To and the Completion Certificate in file is incomplete The appraisal report is made subject to repairs. Appraiser States that the subject has been is in need of an immediate repair as Siding around back door as it has water damage and the home is exposed to water per monthisture. This is felt to be a health and safety issue. Loan file contains a certification of completion stating that the siding around back door has been replaced to prevent water damage and exposure to water per monthister. Pictures were provided to evidence the completion. Lender guidelines States that appraisals that are made subject to are not eligible.
; Document Uploaded. Please review - a 1004d has been provided, and the property has been delivered as complete, not subject to repair. Evidence of repair XXX.;
03/19/2026
The appraisal Completion Certificate is complete
03/19/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040877
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Application Profile Missing
The subject is located in a community property sate and the borrower disclosed that he is married on the loan application. The required Contact Consent Form is not contained in the loan file.
Please provide curative options for seller. ; Hello, is there a contact consent form that XXX has for us to complete? or will a signed LOE be acceptable? Please advise curative options; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
; Revised appraisal uploaded. XXX consent still missing from file.
04/12/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.72% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.72% is less than Guideline CLTV of 75%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040877
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural by appraiser. Not permitted per DSCR guidelines.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/24/2026
Property/Appraisal Meets Guidelines
03/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.72% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.72% is less than Guideline CLTV of 75%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040978
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Credit history does not meet guidelines
The credit report does not reflect a prior mortgage. No evidence in file the borrowers have ever had a mortgage. XXX XXX DSCR Guidelines reflect borrowers who are obtaining a mortgage for the XXX time are not permitted, rendering the borrowers ineligible.
; For escalation- this borrower owns their primary free and clear and with 70% LTV meets the guides. ; ; Guidelines allow for XXX time XXX at 70% LTV.; ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/22/2026
Borrower is not a FTHB and meets guideline requirements for XXX time XXX who intends to self-manage. ; copy of mortgage was provided from XXX but is not reported on Credit report. Borrowers would be considered XXX time obtaining a mortgage as there is no mortgage reporting on credit report. This is not permitted per guidelines. ; DSCR program guidelines, the borrower must demonstrate concurrent ownership of at least two properties for a minimum of XXX months within the most recent XXX mos. The XXX property tax Statement for XXX North Pond Rd supports ownership of XXX property; documentation evidencing ownership of a second property is required. Additionally, at least one property must be income‑producing, supported with evidence of either executed lease/rental agreement, rent roll, property management Statements, or a business license and income documentation for XXX operated commerical property.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040978
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Provide evidence of rent loss covering a minimum of XXX months for the subject property.
; ; Documentation and comment received, XXX to review.; Document Uploaded. is on the policy – “Loss of Use” for $XXX; ;
04/01/2026
Rent Loss Coverage Present
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042728
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Escrow waiver requested and Lender Exception Approved. Compensating factors include: XXX months PITIA reserves post close, XXX FICO, No mortgage lates on XXX mortgage accounts on credit report.
03/18/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX months PITIA reserves post close, XXX FICO, No mortgage lates on XXX mortgage accounts on credit report.
05/29/2026
  
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042728
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower needs evidence that they are using a management company for their investment property, due to being a XXX time XXX. No evidence provided that they are using a management company; therefore, max LTV is 70%.
; Documentation received, XXX to review.; Document Uploaded. The XXX XXX search shows that J Keller Properties, listed as the Agent on the lease agreement, is a major property management company. As such, LTV of 75% should be acceptable.; ; ;
03/26/2026
Audited LTV of 75% is less than or equal to Guideline LTV of 75%. Borrower using property management company per lease agreement provided
03/26/2026
  
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042728
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Asset 3 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements Two months Statements required; XXX # XXX one month missing.
; Documentation and comment received, XXX to review.; Document Uploaded. At the time of closing, the XXX and XXX Statements XXX here were the two most recent Statements for this account.; XXX & XXX for account #XXX in file.; ;
03/26/2026
Asset Record XXX Meets G/L Requirements Or XXX
03/26/2026
  
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042728
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Asset 4 Does Not Meet Guideline Requirements
Asset 4 Does Not Meet Guideline Requirements Missing Statement for loan # XXX showing XXX cash out proceeds.
; Documentation received, XXX to review.; Document Uploaded. Signed CD showing cash out proceeds; ; ;
03/26/2026
Asset 4 Meets Guideline Requirements Or XXX
03/26/2026
  
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043377
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/16/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. Timing waiver of the appraisal report for higher priced loans is XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
03/20/2026
Evidence of appraisal delivery dated XX/XX/XXXX provided. Finding is resolved. ; Evidence of appraisal delivery provided.
06/02/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043377
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/16/2026
Rescinded
XXX
Compliance
Qualified Mortgage Safe Harbor Threshold
This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §XXX(b)(XXX), (e)(XXX) his loan does not qualify for a safe harbor. The loan has an APR of XXX%. The APR threshold to qualify for a safe harbor is XXX% creditor or assignee of a qualified mortgage, that is not a higher-priced covered transaction, complies with the repayment ability requirements of paragraph (c) of this section. A creditor or assignee of a qualified mortgage, that is a higher-priced covered transaction, is presumed to comply with the repayment ability requirements of paragraph (c) of this section igher-priced covered transaction means a covered transaction with an annual percentage rate that exceeds XXXrage prime offer rate for a comparable transaction as of the date the XXX is set by XX/XX/XXXX or more percentage points for a XXX-lien covered transaction, or by XX/XX/XXXX or more percentage points for a subordinate-lien covered transaction. Appraisal requirements not met, missing appraisal delivery receipt. Unable to downgrade.
; ; Is this informational pending proof of appraisal delivery or is there something needed from the Seller? Please re-open condition as needed after review. Thx
03/20/2026
loan is HPML
03/20/2026
  
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043377
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/16/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Appraisal Delivery to the Borrower is Greater than XXX days Prior to Consummation (12 CFR 1026.35(c)(6))
Confirmation of Appraisal delivery date to the borrower of XX/XX/XXXX is less than XXX days prior to consummation of XX/XX/XXXX. Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. Timing waiver of the appraisal report for higher priced loans is XXX.
;
03/20/2026
Date of Borrower Receipt of Appraisal exceeds XXX business days from Closing Date, or XXX
03/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043377
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/16/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Unable to downgrade. Missing evidence borrower received the appraisal report at least XXX business days prior to loan consummation. Timing waiver of the appraisal report for higher priced loans is XXX.
;
03/20/2026
Appraisal delivery provided, HPML compliant. Exception resolved
03/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042240
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/16/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. NonQM Loan
; Please waive for B grade - Comp factors: FICO XXX / LTV XXX / XXX history; ; Documentation received, XXX to review.; Document Uploaded. Please see passing compliance report. This is a Non-QM loan. ; ;
04/17/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / LTV XXX / XXX history.; Lender XXX provided confirms QM points and fees exceeds thresholds, confirm if this should be acknowledged
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.62% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.62% is less than Guideline LTV of 75%
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409045015
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043273
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Appraisal in file is incomplete. Document is cut off on top and bottom.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ; ; ;
04/10/2026
  
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041740
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Personal Guaranty Agreement Incomplete
Personal Guaranty Incomplete. XXX XXX Expanded DSCR program v13 requires all members of a legal entity with XXX% or more controlling interest provide a full recourse guarantee. The Articles of Organization reflects Dina Behar Hevert and EXXXique XXX Behar as a XXX% members and did not provide a guaranty
; ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Lender provided the Personal Guaranty for XXXt and XXX XXX XXX. ; Personal Guaranty provided.; Provide documentation confirming the loan is structured with a full‑recourse Personal Guaranty, and that the borrower acknowledges this, per XXX DSCR loan program guidelines.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.44% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041740
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Per XXX DSCR guidelines, for refinance transactions, For XXX-XXX-unit properties, there shall be no more than one vacant unit at origination and any vacant unit must provide evidence of a recent lease within the last two XXX months. Per appraisal, property is tenant occupied with active leases.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/22/2026
Lease agreement provided ; Provide executed Lease Agreements for both units, as XXX DSCR guidelines require the subject property to be leased at the time of closing.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.44% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041740
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Certificate of Good Standing.
; Documentation received, XXX to review.; Document Uploaded. Alternate documentation for proof of good standing.; ;
04/16/2026
Printout for SOS provided showing company in good standing.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.44% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041705
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/16/2026
Resolved
XXX
Compliance
TILA Right of Rescission Test
This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Documentation Required: The disbursement date of XX/XX/XXXX is before the cancel by date on the ROR listed as XX/XX/XXXX. Proof of actual disbursement date is required to resolve or a cure package requires PCCD and or final settlement Statement verifying the loan disbursement date.
; ; Documentation and comment received, XXX to review.; Document Uploaded. PLEASE SEE UPLOADED PCCD TO CLEAR CONDITION. THANK YOU. ; ;
04/29/2026
Received PCCD with corrected disbursement date - exception resolved; Received PCCD with corrected disbursement date - exception resolved
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041705
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/16/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. NonQM Loan
; ; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX / Stable job / DTI below max ; ; Documentation and comment received, XXX to review.; Document Uploaded. This is a Non-QM loan. Please see compliance report XXX and passing.; ; ;
04/29/2026
Waived as previously stipulated; Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / Stable job / DTI below max.; XXX (pg XXX) confirms QM points and fees was above the limit, confirm if this is requesting to be acknowledged
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409040591
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042742
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Per XXX Expanded v12 guidelines, two months of bank Statements are required. File only contains one month for XXX acct #XXX dated XX/XX/XXXX - XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ;
03/26/2026
Asset Record XXX Meets G/L Requirements
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042826
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/31/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042616
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/16/2026
Cured
XXX
Compliance
TRID: Closing Disclosure Deficiency
XXX Payment Policy. May accept and does not accept XXX payments are both checked on the Final and PCCD. Provide a letter of explanation and corrected disclosure.
; Documentation received, XXX to review.; Document Uploaded. ;
03/23/2026
Cure package provided to the borrower; exception downgraded to a 2/B
03/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043099
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043578
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/17/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($82,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%. Loan was originated under XXX Expanded guidelines and XXX Expanded v12 allows non-QM due to rate spread. Condition is for information only.
; Please rescind information only conditon;
03/20/2026
Information only.
03/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040026
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for Grade B- Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; ; Please waive for Grade B- Rural per XXX is not rural - 0ver XXX% built up, public water and sewer, and XXX time less than XXX months. ;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; Please provided at least XXX compensating factors to waive finding.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.76% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.76% is less than Guideline LTV of 75%
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040026
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Property is a XXX condo. Lender exception per page XXX is approved. Compensating factors: •         Excellent credit history •         Seasoned rental property XXX •         Low LTV •         Excess in reserves
;
03/31/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Excellent credit history, Seasoned rental property owner, Low LTV, Excess in reserves.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.76% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.76% is less than Guideline LTV of 75%
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040026
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Business Purpose Affidavit/Disclosure Provided; Provide a copy of the executed Business Purpose and Non-Occupancy Disclosure confirming that the borrower, guarantor, and any family members will not occupy the subject property and that it will be used solely as an investment property.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.76% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.76% is less than Guideline LTV of 75%
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040025
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Please waive for Grade B- Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; ; Please waive for Grade B- Rural per XXX is not rural - 0ver XXX% built up, public water and sewer, and XXX time less than XXX months. ;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; Please provided at least XXX compensating factors to waive finding.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040025
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Subject is a XXX condo. Lender exception per page XXX is approved. Compensating factors: •         Excellent credit history •         Seasoned rental property XXX •         Low LTV •         Excess in reserves
;
03/30/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Excellent credit history, Seasoned rental property owner, Low LTV, Excess in reserves.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040023
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Property is a XXX condo. Per lender exception on page XXX this is approved. Compensating factors: •         Excellent credit history •         Seasoned rental property XXX •         Low LTV •         Excess in reserves
;
03/30/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Excellent credit history, Seasoned rental property owner, Low LTV, Excess in reserves.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040023
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for Grade B- Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; ; Please waive for grade b- Rural per XXX, and property is not rural - 0ver XXX% built up, public water and sewer, and XXX time less than XXX months. ; ;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Low LTV, Excellent Credit with Perfect Mortgage History spanning over XXX years and over XXX months in reserves. Borrower is a very experienced XXX and DSCR is over XXX; Please provided at least XXX compensating factors to waive finding.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042189
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The appraisal has several points of conflicting data: XXX) Page XXX States XXX occupied investment property. XXX) Page XXX States no known listing of subject property in the prior XXX months. The supplemental addendum States the subject was offered for sale on XX/XX/XXXX for XXX The most recent list price is XXX and the subject is now under contract with an MLS contract date of XX/XX/XXXX. The subject is a refinance transaction. XXX) None of the comps provided have ADUs, and large adjustments were made for this feature, which makes the subject property unique.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/10/2026
The issue with the property has been resolved.; Updated appraisal received. ; Revised appraisal received. Appraiser States one comp has ADU to support value. At least XXX would be required. Addendum addressed property listing was removed, and appraisal switched to tenant occupied
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042189
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
The appraisal supplemental addendum States the subject was offered for sale on XX/XX/XXXX for XXX XXX Expanded v12 guidelines State cash-out refinances are not eligible if the property was listed for sale within XXX months of the application date; and properties listed for sale within XXX months of the application date are not eligible for refinance transactions.
; DD to comment after review of XXX appraisal. No Updates made; Document Uploaded. ;
04/01/2026
Revised appraisal received, addendum about property listing was removed and addressed by appraiser. ;
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042189
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Application Profile Missing
Per XXX Expanded v12 guidelines, Each loan requires a CPA or XXX and signed XXX Business Narrative that includes at minimum details related to the description, nature, size (full-time employees and or contractors) and scope of the business. The Business Narrative form in the file was not completed by the borrower or CPA.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
; Business narrative provided, however not completed by borrower or CPA as required per guidelines.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042189
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing
; Documentation received, XXX to review.; Document Uploaded. ;
03/25/2026
Borrower 1 3rd Party VOE Prior to Close Was Provided
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043496
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041850
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/17/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. The file does not contain documentation to show the non borrowing spouse, who is required to receive a copy of the CD in a rescindable transaction at least XXX days prior to consummation, received the CD timely
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Initial CD receipt date provided; exception resolved; Initial CD receipt date provided; exception resolved
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
C
A
C
A
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041850
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/17/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Photos show deteriorating wood trim. Appraiser's comments: The subject has some deferred XXX on the exterior of the home in the form of areas of peeling exterior trim paint and trim paint that is damaged/deteriorating. The estimated cost to cure is XXX
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
The issue with the property has been resolved.; Updated appraisal received with issues addressed.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
C
A
C
A
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042855
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Loan Agreement Missing
Missing loan agreement as required per guidelines or as referenced in the loan file.
; DD- please confirm what agreement you are referencing?; Can you provide what loan agreement you are referring too; ; ; ; ;
04/16/2026
Loan Agreement Present; No comments or documentation received. Condition re-opened.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.19% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.19% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042855
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Waived
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty.
; ; Please waive for Grade B- not required with XXX. Comp factors 61.19% LTV, DSCR of XXX and score of XXX;
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 61.19% LTV, DSCR of XXX and score of XXX
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.19% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.19% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042855
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/16/2026
Resolved
XXX
Credit
Hazard Insurance Effective Date is after the Disbursement Date
Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ;
03/31/2026
Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.19% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.19% is less than Guideline LTV of 75%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042281
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Clarification of Tax and Ins for XXX Longley Cove was not provided to determine the amount of XXX for the property expense
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/31/2026
Review of documentation DTI XXXs within guidelines; condition cleared.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 45% is less than Guideline LTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042847
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Missing prepayment penalty rider to note. Prepayment rider to mortgage in file, but missing one for note.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
The Note is Present; Client provided Prepayment Addendum to the subject Note. LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Audited interested party contribution of XXX% exceeds guidelines maximum of XXX% for Investment properties.
; ; Please waive for B grade - XXX granted exception. Comp factors: FICO XXX / DSCR XXX / XXX mo reserves / Excellent housing history.;
04/06/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR XXX / XXX mo reserves / Excellent housing history.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage XXX DSCR v13 guidelines require rent loss insurance covering a minimum XXX months for subject property. Hazard insurance policy provided does not reflect rent loss insurance.
; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
Rent Loss Coverage Present; Client provided Special Form - Rental Property Insurance reflecting Payment will be for the shortest time required to repair or replace that part of the premises rented or held for rental, but not to exceed XXX months. LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade - XXX granted exception. Comp factors: FICO XXX / DSCR XXX / XXX mo reserves / Excellent housing history.;
03/25/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR XXX / XXX mo reserves / Excellent housing history.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042622
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/17/2026
Resolved
XXX
Credit
Missing Income - Bank Statements
An average of XXX months bank Statements was used to calculate the borrowers income, missing bank Statement for Feb XXX
; ; Please provide status on this loan. ; Bank Statements from XXX XXX through XXX XX/XX/XXXX are provided in a merged bank Statement. ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
; LOE provided, however Copy of bank Statement from XX/XX/XXXX was missing from file provided.
04/27/2026
Borrower has stable job time | Qualifying DTI below max allowed.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043091
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; XXX mid score, XXX years mortgage history (multiple mortgages) XXX, DSCR of XXX well XXXtained and updated properties.; Document Uploaded. ; Exception approved- please waive finding. See XXX. ; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX mid score, XXX years mortgage history (multiple mortgages) XXX, DSCR of XXX well XXXtained and updated properties. ; Exception approval received, Please provide at least XXX compensating factors
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042767
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042771
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/17/2026
Rescinded
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Borrower signed the Note as a vested individual. A personal guarantee is not required. ; Personal Guaranty provided.; Provide documentation supporting that the loan is structured with full personal guaranty recourse in accordance with XXX DSCR loan program guidelines.
04/23/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Final HUD-XXX Document is Missing
Final HUD-XXX Document is Missing
; ; Documentation received in XXX review.; Document Uploaded. ; ;
04/28/2026
Final Settlement Statement provided. Finding is resolved.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.3% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.3% is less than Guideline LTV of 70%
D
B
D
A
C
B
C
A
D
A
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Assets total XXX Required assets are XXX + XXX months Reserves required x XXX = XXX The borrower is short reserves of $XXX.
; ; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX; DSCR >XXX; LTV below max. ; ; Documentation received in XXX review.; please refer to NDM's guidelines and clear; ; ;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; DSCR >XXX; LTV below max. ;
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.3% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.3% is less than Guideline LTV of 70%
D
B
C
B
C
B
C
A
D
A
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) Assets total XXX Required assets are XXX + XXX months Reserves required x XXX = XXX The borrower is short reserves of $XXX.
; ; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX; DSCR >XXX; LTV below max. ; ; Comment received, in XXX review.; please refer to NDM's guidelines and clear; ;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; DSCR >XXX; LTV below max. ;
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.3% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.3% is less than Guideline LTV of 70%
D
B
C
B
C
B
C
A
D
A
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041474
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: XXX) Subject property is identified to be XXX occupied on appraisal. XXX) The appraisal was completed subject to, which is not allowed per guidelines. 1004D is contained in the loan file.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; Please amend finding. The 1004d confirms work has been done. The report is no longer subject to. Thank you!; ; ;
04/28/2026
Corrected appraisal received. Initial XXX confirmed tenant occupied and signed lease also in file. Okay to accept post close corrected appraisal per management. Property/Appraisal Meets Guidelines. Condition cleared.; Updated comment: Subject property is identified to be XXX occupied on appraisal.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.3% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.3% is less than Guideline LTV of 70%
D
B
C
A
C
B
C
A
D
A
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
D
C
C
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042631
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Seller Credit is $XXX; however, max seller credit should be XXX Seller credit over acceptable credit by XXX
; Waive for B Grade. Meets seller guidelines being accepted by XXX - Comp factors: FICO XXX / DSCR XX/XX/XXXX / XXX history ; XXX BUYS TO NDM's GUIDELINES AT XXX% CONTRIBUTIONS PLEASE CLEAR; Comment received, in XXX review.; please refer to NDM's matrix and clear thank you! ;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR XX/XX/XXXX / XXX history;
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042291
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040921
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/18/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Lender approved exception for subject property includes unpermitted space. Compensating factors: XXX% DTI and 42.8% LTV; Appraiser did make comments unpermitted additions done in workmen like manner, no adjustment or inclusion of value, no impact on marketability.
; ;
04/08/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI and 42.8% LTV.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.68% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.68% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
B
A
C
B
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409040921
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX A title search was provided. It is not a binder or title commitment and does not indicate the amount of coverage for the title insurance policy. Provide title commitment or Final Title Policy covering loan amount of XXX
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien XXX
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.68% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.68% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
C
B
B
A
B
A
C
B
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043265
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/18/2026
Resolved
XXX
Property
Property address on appraisal does not match executed note
Property address on Sales Agreement, Appraisal, Flood Cert and Title report discloses property address as XXX. However, the Note, DOT and hazard insurance policy discloses as address as "XXX". Provide clarification of property address and updated documents.
; ; Document Uploaded. Please see XXX. The address in our system is what XXX shows, please see XXX correct documents.;
03/26/2026
Corrected items received.
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043268
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032986
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041563
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The appraisal identified chipping exterior paint, a broken fence, and XXX up garage door, but a cost to cure was not provided.
; See comments from appraiser - ok to rescind or resolve; Document Uploaded. Uploaded response from appraiser. Photo of garage already included in report... lease refer to pg XXX Thank you; Documentation received, XXX to review.; Please review - p XXX of report shows access to garage. However, it also indicates possible chipping lead paint, which is a health and safety issue. Report should be made subject to repair.; ; Document Uploaded. Revised appraisal and updated UCDP reports uploaded. Refer to Pg XXX of the appraisal for comments on the addendum; Documentation and comment received, XXX to review.;
04/15/2026
The issue with the property has been resolved.; Client provided Updated Appraisal with Appraiser comments: The appraisal noted some issues or defects XXX with the property. The chipping exterior paint, a broken fence, and XXX up garage door; however, a cost to cure was not provided. XXX The exterior chipping paint could be lead based and should be properly scraped and repainted. The estimated cost to cure is XXX The section of the fence that blew over would require a few new posts and handyman work. The estimated cost to cure is XXX The XXX up garage door did not indicate a broken door. The reason for the XXXrds was XXX. However from the interior of the garage the rear door appeared to be operational. No cost to cure. The minimal total XXX cost to cure (less than XXX% of the opinion of value) was not adjusted for on the sales grid. The overall condition of the subject (including these noted deferred XXX items), as compared to the overall condition of the comparable sales, was adjusted and account for in the condition rating on the adjustment grid. No additional line item adjustment is warranted. LM Updated.; While garage was addressed, comments indicating chipping lead paint, which is a health and safety issue was not.. Report should be made subject to repair.; p XXX of report shows access to garage. However, it also indicates possible chipping lead paint, which is a health and safety issue. Report should be made subject to repair.; Appraiser States no safety issue with garage door and was reviewed, however garage door entrance is XXX up and garage door is not operation so unable to enter. No access to garage is noted or photographed.
04/15/2026
  
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041563
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Missing Seller Fraud Report
; Documentation received, XXX to review.; Document Uploaded. Fraud Report uploaded;
03/26/2026
Third Party Fraud Report is provided
03/26/2026
  
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041741
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Per XXX DSCR v13 guidelines, Credit reports must show sufficient trade lines with activity; the qualifying Borrower must have at least XXX trade lines reporting for XXX months or XXX reporting for XXX months with activity in past XXX months A lender exception was provided for this insufficiency. Compensating factors were XXX FICO score, 34.48% LTV, and high DSCR score
03/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO score, 34.48% LTV, and high DSCR score.
03/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.57% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.57% is less than Guideline LTV of 75%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Missing Business Entity Formation Document
Provide a copy of the LLC Operating Agrement.
; ; ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Acknowledged/Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XX/XX/XXXX FICO  XXX Reserve XXX experienced borrower, XXX lates.; Provide the fully executed Operating Agreement for XXX Annette LLC to confirm authorized signer(s), ownership structure, and borrowing authority.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Provide executed Business Purpose Affidavit.
; Business Purpose Affidavit Provided.; Document Provided. ;
03/30/2026
Business Purpose Affidavit/Disclosure Provided
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041760
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Provide final application with PITIA disclosed for all XXX owned.
; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ;
03/30/2026
The Final 1003 is Present
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042244
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/19/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; ; Document Uploaded. ; ; ;
04/14/2026
Documentation provided confirming the lender does not have any affiliates. ; Required Affiliated Business Disclosure Documentation Provided.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue XXX is a community property State, XXX consent missing.
; Documentation received, XXX to review.; Document Uploaded. docs; ; Document Uploaded. Documentation received, XXX to review.; docs; ; Documentation received, XXX to review.; Document Uploaded. not needed ;
04/23/2026
Documentation is sufficient. XXX Consent form provided. Exception resolved.; Property Title Issue Resolved; Provide executed XXX Consents for both borrowers’ spouses confirming acknowledgement of the loan and consent to the transaction, with no assumption of repayment responsibility; document is required to meet program guidelines -> uploaded document is not XXX with this transaction. ; Provide executed XXX Consents for both borrowers’ spouses confirming acknowledgement of the loan and consent to the transaction, with no assumption of repayment responsibility; document is required to meet program guidelines.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 75%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Resolved
XXX
Credit
Missing Prepayment Rider
Tape and CD show prepayment penalty on loan. Missing prepayment documentation from file
; ; Documentation received, XXX to review.; Document Uploaded. Correction Instrument;
04/17/2026
The subject Mortgage was corrected to include a prepayment penalty rider, not remove a prepayment penalty rider. The PCCD is not required. ; Corrected mortgage received, however missing PCCD showing no prepayment penalty sent to borrower.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042455
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Certificate of Good Standing missing.
; Documentation received, XXX to review.; Document Uploaded. needed docs;
03/27/2026
Supporting documentation provided; condition cleared.
03/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The appraiser identified deferred XXX including the back exterior door trim and bedroom door, but a cost to cure was not provided.
; Please waive. XXX does not require cure of non health/safety items.; ; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
; Appraisal addresses cost to cure for trim. Items requiring repair meet the FNMA definition of C4 conditions. ; Updated appraisal identifies an estimated cost to cure the damaged door and trim of XXX XXX Expanded DSCR v13 guidelines State deferred XXX items identified in 3rd party reports must be cured prior to closing. 1004D is required to confirm cure. ; ; The issue with the property has been resolved.; Client provided Updated Appraisal reflecting comment added to Describe the Condition of the property stating: Estimated cost to cure the damaged door an trim is XXX LM Updated.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043500
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The Final 1003 does not list all of the real eState owned by the borrower
; Documentation received, XXX to review.; Document Uploaded. docs; Per DD - Missing Properties: XXX XXX, XXX XXX XXX XXX, XXX XXX XXX XXX XXX, XXX XXX XXX ;
04/07/2026
The Final 1003 is Present
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042134
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/18/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 79.96% exceeds Guideline LTV of 70% XXX Time XXX with no Management Company for the XXX time rental property. Max LTV is 70% with XXX months reserves and minimum XXX FICO. Current LTV exceeds max by XXX%.
; ; Please waive for Grade B- meets XXX guides- comp factors- XXX years mortgage history XXX, score XXX DSCR XXX;
03/26/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX years mortgage history XXX, score XXX DSCR XX/XX/XXXX
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042134
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for Grade B- meets XXX guides- comp factors- XXX years mortgage history XXX, score XXX DSCR XXX;
03/26/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX years mortgage history XXX, score XXX DSCR XX/XX/XXXX
03/26/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409041723
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
purchase Contract is Missing
Loan Purpose is purchase but purchase Contract Doc is Missing
; ; Document Uploaded. zero balance due invoice from XXX. Shows paid in full ; Documentation received, XXX to review.; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; Document Uploaded. ; ;
04/10/2026
purchase Contract Doc is not Missing, or is XXX.; Provide documentation from XXX completed the needed repairs.; Provide documentation from XXX completed the needed repairs.; Provide evidence the repairs, testing, inspection(s), etc. indicated on Exhibit A of the Real EState purchase Contract dated XX/XX/XXXX all have been completed.; purchase Contract Doc is not Missing, or is XXX.
04/10/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041723
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/19/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/24/2026
Evidence of eConsent is provided.
03/24/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower does not meet the criterial of experienced XXX for the XXX XXX Expanded DSCR program v13. Max LTV is 70%
; ; ; Waive for Grade B- Not need per XXX guides- Comp factors DSCR XXX Fico XXX years mortgage history XXX.; ; Audited LTV of 75% exceeds Guideline LTV of 70% Borrower does not meet the criterial of experienced XXX for the XXX XXX Expanded DSCR program v13. Max LTV is 70%;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Fico XXX years mortgage history XXX.;
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. XXX Time XXX requires XXX months reserves, short by XXX
; Waive for Grade B- Not need per XXX guides- Comp factors DSCR XXX Fico XXX years mortgage history XXX. ; Waive for Grade B- Not need per XXX guides- Comp factors DSCR XXX Fico XXX years mortgage history XXX. ; ; ; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XXX Fico XXX years mortgage history XXX.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. XXX Time XXX requires XXX months reserves as required per XXX XXX Expanded DSCR guidelines. ; No additional commentary provided- re-opened
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042238
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/19/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) XXX Time XXX requires XXX months reserves, short by XXX which is XX/XX/XXXX months short.
; ; ; ; ; Waive for Grade B- Not need per XXX guides- Comp factors DSCR XXX Fico XXX years mortgage history XXX. ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Fico XXX years mortgage history XXX.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042762
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Property
Appraisal is Missing
Appraisal is Missing.
; ; ; Document Uploaded. Documentation received in XXX review.;
03/30/2026
Appraisal is Present or is Waived
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
A
A
D
A
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044637
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042765
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/19/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing The file contains an internet search of the borrower's business dated XXX and a VVOE which is not dated and references CPA contact (XXX). There is no CPA letter in file to confirm employment tenure and percentage of ownership.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/07/2026
Borrower 1 3rd Party VOE Prior to Close Was Provided; Client provided CPA letter dated XX/XX/XXXX. LM Updated.; CPA letter provided, but not dated.
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 52.35% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.35% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042765
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/19/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements Per FCD, the CTC is XXX and there are no required reserves for LTV. The Final 1003 lists one business bank account #XXX being used to cover the CTC. The is account is also being used for income qualification. File is missing CPA letter confirming use of business funds will not have a negative impact on borrower's business.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Asset Qualification Meets Guideline Requirements.
03/30/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 52.35% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.35% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041158
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Provide executed Business Purpose Affidavit.
; Documentation received, XXX to review.; Document Uploaded. ;
03/30/2026
Business Purpose Affidavit/Disclosure Provided. Exception Resolved.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041158
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Provide the executed note prepayment addendum.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/30/2026
Received executed prepayment addendum. Exception Resolved.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042908
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts Both Seller's Fraud Report dated XXX and XXX Fraud Guard dated XXX contain alerts for possible property flipping of subject. Per the Fraud Guard, the subject property sold for XXX in XXX ($XXX on XXX per appraisal). Previous significant upgrades/reno addressed in appraisal which appraiser States to be at least XXX years old. XXX provided in file for multiple deferred XXX issues which have been cured. CU score is XX/XX/XXXX and FNMA Property Report shows XXX. However, the property flipping has not been addressed without evidence of recent significant XXX supporting increase of value from XXX to current XXX of $XXX in XXX months (roughly XXX% increase).
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/02/2026
All Fraud Report Alerts have been cleared or None Exist
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042908
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements The bank account (#XXX) used to qualify is a joint account with a 3rd party who also holds the mortgage against their primary residence. This party is not signing on the subject mortgage but is the signor on the 2nd mortgage against the primary residence. The funds from this 2nd XXX XXX were deposited into acct#XXX. The file is missing XXX% access letter giving borrower full and complete access to these funds.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/31/2026
Asset Qualification Meets Guideline Requirements.; Client provided XXX% Access letter from the 3rd party on the bank account (#XXX). LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043053
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
HO6 Master Insurance Policy is Missing
Missing HO-6 Master Insurance Policy Missing the Master Insurance Policy
; Document Uploaded. ; ; ; ; ; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. ; Documentation received, XXX to review.; ;
04/21/2026
HO-6 Master Insurance Policy provided.; Provide current Certificate of Liability and Evidence of Property Insurance for subject property's HOA (Covina Key) due to the policy provided expired on XX/XX/XXXX.; Missing HO-6 Master Insurance Policy -> Provide current Certificate of Liability and Evidence of Property Insurance due to the policy provided expired on XX/XX/XXXX.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043053
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
HO-6 Insurance Policy is Missing
HO-6 Insurance Policy is Missing Missing the HO-6 policy.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/27/2026
HO-6 Insurance Policy is fully present
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043053
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing Rent Loss Insurance covering a minimum of XXX months for the subject property for the greater of in-place or market rent during disruption.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/27/2026
Rent Loss Coverage Present
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive. XXX granted exception. Comp Factors: FICO XXX / DSCR >XXX / Low LTV - XXX / perfect credit history;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / Low LTV - XXX / perfect credit history
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.83% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.83% is less than Guideline CLTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Final CD: Estimated Taxes, Insurance, & Assessments monthly estimate is inaccurate
The FCD, F1003, and XXX reflect XXX per month for the subject's HOA dues. The appraisal States XXX per month. The actual HOA Statement for the subject reflects XXX per month. Additionally, and HOA Statement for the borrower's REO at XXX (in a different complex from the subject) reflects the HOA dues of XXX per month used for the subject. Lender to provide supporting documentation for the subject HOA dues of XXX per month.
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; please review; Seller asked us to review, but provided no new documentation. DD to reopen finding.; ; Document Uploaded. Both of the properties are owned by an LLC and not required to be included in the borrowers DTI. The only reason we have them listed on the 1003 is because we were paying off the mortgages for those properties and we needed to verify the payment history and which properties they were XXX to. The borrowers are not personally liable for the expenses of either property. The property profiles are XXX showing the ownership. ; Documentation and comment received, XXX to review.;
04/24/2026
Updated documentation received ; Finding status updated to Open per XXX request. ; ; Property profiles were provided showing two additional properties not in borrower's name. HOA documentation for discrepancy in subject property still required.
04/24/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Nonqm loan
; ; Please waive for B grade. Comp Factors: FICO XXX; Low DTI; Job Stability ; ; Comment received, XXX to review.; XXX Message(XXX) ALERT The loan fees XXX exceed the (ATRQM) (Note Amount >=$XXX) fee limit, which is XXX% of the Total Loan Amount ($XXX), the difference is ($XXX). The system ran a points and fees test for informational purposes. ATR Standard Loans are not subject to the QM Points and Fees Test (12 CFR XXX(c) and (e)(XXX).;
04/23/2026
Waived per client request. Risk accepted for B grade. Client acknowledged the following compensating factors for this purpose: FICO XXX; Low DTI; Job Stability.; Points and fees total XXX% which exceeds guideline limits. XXX to review for possible XXX exception. ;
04/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing The file does contain verification of the borrower's business as of XXX. However, none of the documentation in file confirms the borrower is XXX% XXX of the business used for both income and asset qualification as required by XXX Expanded Alt Doc GLs V12 (p XXX).
; Documentation and comment received, XXX to review.; Document Uploaded. There are only XXX shares for this corporation, and the Articles of Incorporation are in the file with XXX only as XXX and sole incorporator... This amendment again confirms him as XXX and XXX since XXX; ; Ownership % has not been documented. DD to reopen finding.; please review; ; Documentation and comment received, XXX to review.; Document Uploaded. borrower is XXX% XXX per the XXX articles of incorporation showing him as the XXX. please remember that XXX buys to NDM's guidelines. thank you,;
04/23/2026
Borrower 1 3rd Party VOE Prior to Close Was Provided.; Ownership % has not been documented. DD to reopen finding.; All loans are approved to XXX guidelines. XXX to review and determine if exception can be made to their guidelines.
04/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
There is XXX inquiry (tri-merge) in last XXX days. The LOX in file addresses inquiries from XXX prior to XXX days. Fraud alert indicates possibly another purchase transaction XXX with borrower which was cleared by Lender and separate MERS search is blank. The inquiry date does not match the Lender's credit reports in file. File is missing required LOX regarding the inquiry made within the last XXX days.
; ; Documentation and comment received, XXX to review.; Document Uploaded. The inquiry from XX/XX/XXXX is an updated report the broker pulled from the original credit report dated XX/XX/XXXX, which expired. ;
04/23/2026
Client States: The inquiry from XX/XX/XXXX is an updated report the broker pulled from the original credit report dated XX/XX/XXXX, which expired.
04/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/23/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements CPA to provide letter confirming the use of these funds will not have a negative impact on the borrower's business and income.
; ; Waive for B Grade. Meets seller guidelines being accepted by XXX - no CPA letter required if borrower owns >XXX% of business. Comp Factors: FICO XXX; Low DTI; Job Stability ; Documentation and comment received, XXX to review.; Document Uploaded. articles of incorporation XXX and showing the borrower the only member.; ; Comment received, XXX to review.; please remember that XXX buys to NDM's guidelines, and clear, as a CPA letter is not required in this case ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; Low DTI; Job Stability; Client provided Articles of Incorporation. Still need CPA to provide letter confirming the use of these funds will not have a negative impact on the borrower's business and income.; All loans are approved to XXX guidelines. XXX to review and determine if exception can be made to their guidelines.
04/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Waived
XXX
Credit
Application Profile Missing
The Borrower has been qualified using XXX months business bank Statements. Under this program, the Lender requires a Business Narrative. File is missing this required document.
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp Factors: FICO XXX; Low DTI; Job Stability ; Comment received, XXX to review.; XXX buys to NDM's guidelines, we don't require a business narrative, please clear;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; Low DTI; Job Stability; Client States: XXX buys to NDM's guidelines, we don't require a business narrative, please clear. However, XXX Expanded Eligibility Guide V12, Bank Statement Alternative Documentation - XXX also requires for all files, a Business Narrative for this Bank Statement Program. This assists the underwriter to review the reasonableness of the expenses by the borrower. The business narrative should include details related to the size/scope of business, including: Detailed explanation of the business/business profile, Where is business located and any XXX obligations (ie; mortgages/rent) Number of employees, full time/part time or contractors, Does business involve sales of goods or just services? If goods, provide estimated costs of goods and types of goods sold. Any large trucks or materials or equipment, Any other details that would assist in the analysis of business to tie to expenses.
04/13/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments
The FCD, F1003, and XXX reflect XXX per month for the subject's HOA dues. The appraisal States XXX per month. The actual HOA Statement for the subject reflects XXX per month. Additionally, and HOA Statement for the borrower's REO at XXX reflects the HOA dues of XXX per month used for the subject. Lender to provide supporting documentation for the subject HOA dues of XXX per month.
; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Client States that both HOAs have increased in payment recently. They provided HOA Statements for both properties reflecting XXX per month. and for XXX reflects XXX per month. LM Updated.
04/09/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The Final 1003 reflects monthly insurance, taxes, and association dues of XXX per month for REO XXX and XXX per month for XXX XXX. The file does not contain any documents for the XXX, including taxes, insurance and HOA. Additionally, the file contains an HOA Statement for XXX XXX for XXX per month which has been incorrectly used for the subject. Both properties have mortgages being paid off at closing; however, the XXX TIA costs have not been properly documented.
; Documentation and comment received, XXX to review.; Document Uploaded. Both of the properties are owned by an LLC and not required to be included in the borrowers DTI. The only reason we have them listed on the 1003 is because we were paying off the mortgages for those properties and we needed to verify the payment history and which properties they were XXX to. The borrowers are not personally liable for the expenses of either property. The property profiles are XXX showing the ownership. ;
04/09/2026
Client provided Property Detail report for XXX reflecting Primary XXX Name as XXX. Client States: oth of the properties are owned by an LLC and not required to be included in the borrowers DTI. The only reason we have them listed on the 1003 is because we were paying off the mortgages for those properties and we needed to verify the payment history and which properties they were XXX to. The borrowers are not personally liable for the expenses of either property. The property profiles are XXX showing the ownership.
04/09/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the HOA Certification Fee.
;
04/08/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
04/08/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044028
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD issued XX/XX/XXXX as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.
; Document Uploaded. ; Documentation received, XXX to review.; ; Documentation received, XXX to review; Document Uploaded. kind reminder that XXX buys to NDM's guidelines, please review and clear;
04/08/2026
Initial CD provided; exception resolved; documentation provided did not contain a copy of the initial CD
04/08/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409045424
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/23/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Bank Statement income expense ratio of XXX% was utilized. XXX XXX Expanded program minimum expense ratio is XXX% (with CPA Letter)
; ; ; Please waive for B grade due to pending variance. Comp factors: Stable job; FICO XXX; perfect credit history ; XXX buys to NDM's guidelines, please clear; ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Stable job; FICO XXX; perfect credit history.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
C
B
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409045424
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
Nonqm loan This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX.
; Please waive for B grade. Comp factors: Stable job; FICO XXX; perfect credit history ; Documentation received, XXX to review.; Document Uploaded. please see XXX compliance report with passing and XXX message on points and fees please clear XXX Message(XXX) ALERT The loan fees XXX exceed the (ATRQM) (Note Amount >=$XXX) fee limit, which is XXX% of the Total Loan Amount ($XXX), the difference is ($XXX). The system ran a points and fees test for informational purposes. ATR Standard Loans are not subject to the QM Points and Fees Test (12 CFR XXX(c) and (e)(XXX).; ; ;
04/17/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Stable job; FICO XXX; perfect credit history.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
C
B
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409041768
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040374
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/23/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
TILA 130b Cure required: Cure of XXX required for addition of CDA. The appraisal was completed on XX/XX/XXXX as is. The CDA was ordered on XX/XX/XXXX and disclosed XX/XX/XXXX. Provide additional explanation as to why the required CDA was not disclosed sooner. 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
; Documentation received, XXX to review.; Document Uploaded. ;
04/02/2026
Valid COC provided; exception resolved; Valid COC provided; exception resolved
04/02/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040374
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/20/2026
Rescinded
XXX
Credit
Delinquent Credit History Does Not Meet Guideline Requirements
Delinquent Credit History Does Not Meet Guideline Requirements Borrower has a collection account for XXX with DLA of XX/XX/XXXX. FNMA selling guidelines require non-medical collection accounts and charge-offs on non-mortgage accounts that exceed the limits of XXX must paid off at or prior to closing. Provide verification collection account is paid off.
; ; ;
04/02/2026
For one-unit, XXX residence properties, FNMA does not require borrower to payoff outstanding collections or non-mortgage charge-offs, regardless of amount. Finding is rescinded.
04/02/2026
  
C
A
A
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041154
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required for both taxes and insurance. Per XXX Payment Letter, only insurance was escrowed at closing.
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; ; ; ; Document Uploaded. XXX confirming Escrow Waiver at a charge of.XXX.; Documentation received, XXX to review.; ;
04/24/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR XXX months reserve.; Exception approval received, Please provide at least XXX compensating factors; Escrow waiver received. Approved exception from XXX allowing escrow waiver required.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044655
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Missing Lease Agreement
Lease agreement provided reflects property address of "XXX-XXX XXX". Missing lease agreement for subject property.
; Document Uploaded. updated to reflect address; Documentation received, XXX to review.; ; DD to review - Address listed in finding is tenant address at time lease executed. Lease appears not to have subject address listed - please review and update finding/satisfy. Page XXX-XXX of loan package.; That lease is correct. They are looking at the tenant address at the time the lease was created. ;
04/09/2026
Review of lease discloses the subject property as the premises to be rented; condition cleared.; Provide an executed Addendum to the XX/XX/XXXX Lease Agreement identifying the address of the Premises, as it is not indicated in Section XXX
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.57% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.57% is less than Guideline CLTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044655
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Document Uploaded. Exception Approved for Escrow Waiver. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Cash Out cover over XXX months tax and insurance amounts; 45.57% LTV; XX/XX/XXXX DSCR; No Mortgage Lates; XXX may review for exception.;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Cash Out cover over XXX months tax and insurance amounts; 45.57% LTV; XX/XX/XXXX DSCR; No Mortgage Lates
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.57% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.57% is less than Guideline CLTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043066
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ABA Disclosure XXX. ;
03/25/2026
Required Affiliated Business Disclosure Documentation Provided
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Final HUD-XXX Document is Missing
Final HUD-XXX Document is Missing The loan file contains an Estimated Settlement Statement. Please provide the Final Settlement Statement for this transaction.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Final Settlement Statement provided. Finding is resolved.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Missing the XXX Consent.
; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX QCD. ;
04/17/2026
Quit claim deed provided.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042278
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Final 1003 does not list all of the borrower's properties (Primary)
; Please review updated 1003; Document Uploaded. ; ; ;
04/16/2026
The Final 1003 is Present; Client provided Updated 1003 reflecting the Borrower's Primary Residence. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Waive for B Grade. Meets seller guidelines being accepted by XXX - Comp factors: FICO: XXX / DSCR XX/XX/XXXX / XXX history ; Comment received, XXX to review.; This property is not rural... If the appraiser had it marked rural and corrected it because they were wrong based on the characteristics of the subject and surrounding area. The reason it is not rural is due to the following that is supported by the appraisal: • Marked Suburban • Built up over XXX% • Stable growth • Stable values • Demand in balance • Under three-month XXX time • Present land use is XXX% residential and built out • All amenities and services are in close proximity • All comps are less than a quarter of a mile from the subject, most closed within six months • Adjustments are limited with one comp having zero adjustments at all ;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX / DSCR XX/XX/XXXX / XXX history;
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Audited FICO is less than Guideline FICO
Audited FICO of is less than Guideline FICO of XXX Missing credit report
; Documentation received in XXX review.; Document Uploaded. ;
04/20/2026
Audited FICO of XXX is greater than or equal to Guideline FICO of XXX
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Provide executed PrePayment Penalty Addendum.
; Documentation received in XXX review.; Document Uploaded. ;
04/20/2026
The Note is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Provide copy of recorded PUD and 1-4 Family Riders due to Deed of Trust was recorded and county's page count is only XXX pages, include PrePayment Penalty Rider along with evidence document was recorded.
; Documentation received in XXX review.; Document Uploaded. ;
04/20/2026
The Deed of Trust is Present and Complete
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Borrower 2 Credit Report is Missing
Borrower 2 Credit Report is Missing. B2 -> Provide copy of tri-merge credit report, no frozen bureaus allowed, and must support XXX trade lines reporting for XXX months or XXX reporting for XXX months with activity in past XXX months.
; Documentation received in XXX review.; Document Uploaded. JOINED CREDIT REPORT XXX;
04/20/2026
Borrower 2 Credit Report is not missing.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043897
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Missing
Borrower 1 Credit Report is Missing. B1 -> Provide copy of tri-merge credit report, no frozen bureaus allowed, and must support XXX trade lines reporting for XXX months or XXX reporting for XXX months with activity in past XXX months.
; Documentation received in XXX review.; Document Uploaded. XXX JOINED CREDIT REPORT;
04/20/2026
Borrower 1 Credit Report is not missing.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/24/2026
Rescinded
XXX
Property
Subject property appraisal is not on an as-is basis (Primary Value)
Primary Value Subject Property Appraisal is not on an As-Is Basis
; Please rescind. Appraisal 1004d was in the original upload showing repairs completed.;
05/01/2026
Client States: Please rescind. Appraisal 1004d was in the original upload showing repairs completed. 1004D found on page XXX or original file.
05/01/2026
  
D
A
A
A
D
A
D
A
B
A
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/20/2026
Resolved
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Documentation required to clear exception:  Please provide the Initial Escrow Account Disclosure.
; Documentation received, XXX to review.; Document Uploaded. IEADS - INITIAL ESCROW ACCOUNT DISCLOSURE XXX.;
04/28/2026
Initial Escrow Account Disclosure is Resolved
04/28/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
D
A
B
A
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/20/2026
Resolved
XXX
Property
Appraisal is Missing
Appraisal is Missing.
; Documentation received, XXX to review.; Document Uploaded. PLEASE SEE XXX ORIGINAL APPRAISAL. ; ;
04/28/2026
Appraisal is Present or is Waived; Client provided Appraisal for subject property. LM Updated.
04/28/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
B
A
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043576
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/20/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing No Final 1003 reflected in file.
; Documentation received, XXX to review.; Document Uploaded. Final 1003 XXX;
04/23/2026
Received final signed 1003. Exception Resolved.
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
B
A
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
D
D
D
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043270
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of $ are less than Guideline Required Reserves of $XXX.
; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX ;
03/30/2026
Client provided additional Bank Statement for XXX #XXX, XXX Months bank Statement for XXX #XXX, XXX #XXX and Apple #XXX. LM Updated.; Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.86% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043270
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s)
; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX ;
03/30/2026
Client provided additional Bank Statement for XXX #XXX, XXX Months bank Statement for XXX #XXX, XXX #XXX and Apple #XXX. LM Updated.; Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.86% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043270
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. The primary borrower's Final 1003 reflects XXX bank accounts used to qualify. XXX acct# XXX & XXX acct# XXX have no documentation in file which are needed to cover the CTC. XXX acct# XXX and XXX #XXX only have one month verified. Lender guidelines require asset verification per FNMA Seller Guide which require XXX months verification on purchases.
; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX ;
03/30/2026
Asset Qualification Meets Guideline Requirements.; Client provided additional Bank Statement for XXX #XXX, XXX Months bank Statement for XXX #XXX and XXX #XXX. LM Updated.
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.86% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043270
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
The subject loan is vested in an LLC. According to the XXX the business was newly formed on XXX. The file is missing all business entity documentation including (if applicable): Certificate of Formation, Articles of Organization, Operating Agreement, & EIN. Since business was established within less than XXX months of closing and is in Florida, neither verification of Good Standing or XXX Consent required.
; Document Uploaded. Please see XXX ; Documentation received, XXX to review.;
03/30/2026
Client provided IRS Notice assigning EIN, Operating Agreement, XXX search dated XX/XX/XXXX and Entity Review report dated XX/XX/XXXX. LM Updated.
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.86% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043270
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete The Note refers to a prepayment addendum. The file is missing the Prepayment Penalty Note Addendum.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX ;
03/30/2026
The Note is Present; Client provided Prepayment Addendum to Note. LM Updated.
03/30/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50.86% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50.86% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040227
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043439
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per the Final 1003, the borrower has been renting for XXX years at XXX per month. The file is missing the required verified rental history confirming no more than XXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/23/2026
Documentation is sufficient. VOR provided. Exception resolved.; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing
04/23/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043439
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/23/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Required Affiliated Business Disclosure Documentation Provided.
04/13/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044398
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043564
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Comp Factors were listed in initial comment. DD to clear for B Grade. Comp Factors: XXX FICO; XXX mos PITIA personal reserves; XX/XX/XXXX DSCR; No Mortgage Lates.; Document Uploaded. Exception Approved. DD to waive for B Grade. Exception XXX.; XXX to review for exception
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX mos PITIA personal reserves; XX/XX/XXXX DSCR; No Mortgage Lates.; Exception request received, please provided at least XXX compensating factors.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039297
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing history for the property for XXX
; Documentation received, XXX to review.; Document Uploaded. Please see payment history XXX to clear the file for funding Thank you;
04/06/2026
Housing History Meets Guideline Requirements; Client provided Credit Report reflecting XXX - Verified account information per conference call with XXX at XXX. The next payment is due on XX/XX/XXXX. XXX. LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039297
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Missing Rent Loss Insurance covering a minimum of XXX months for the subject property for the greater of in-place or market rent during disruption. Lender approved Exception for rent loss coverage on HO6 less than minimum. Compensating factors listed are high personal reserves, No mortgage late payments and experienced XXX
; Documentation received, XXX to review.; Document Uploaded. Please find final policy with rent loss ins ;
04/01/2026
Loss Rent Coverage is Sufficient -> Review of updated policy, premium had slight increase and DSCR XXXs at XXX% which is within guidelines.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043859
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Per XXX DSCR v13, Title - No more than XXX days from the note date. Prelim in the file is dated XX/XX/XXXX and the note is dated XX/XX/XXXX
; ; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/07/2026
Client provided Commitment for Title. LM Updated.; Title Document is fully Present.; Client provided Commitment for Title. However, the Commitment date is XX/XX/XXXX the Note date is XX/XX/XXXX (Over XXX year). Per XXX DSCR v13, Title - No more than XXX days from the note date. Prelim in the file is dated XX/XX/XXXX and the note is dated XX/XX/XXXX.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043859
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Appraisal is Expired
Primary Value Appraisal is Expired
; Document Uploaded. 1004D in loan package. DD to review.; The 1004D is on page XXX of the file upload. It is in the original file.; ;
04/07/2026
Client provided 1004D. LM Updated.; Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043859
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/23/2026
Resolved
XXX
Property
Appraisal is Missing
Appraisal is Missing.
; Documentation received, XXX to review.; Document Uploaded. ;
03/31/2026
Appraisal is Present or is Waived
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
D
A
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. The Final 1003 is Incomplete 1003 shows XXX but borrower is a Permanent Resident per permanent resident card.
  
04/20/2026
Updated Final 1003 provided. Finding is resolved. ; The Final 1003 is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Loan is XXX year interest only per the closing disclosure. Payment of XXX also reflects interest only. Note shows fixed rate with no IO terms.
  
04/20/2026
Updated Note provided. Finding is resolved. ; The Note is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Borrower is married, XXX is a XXX State and the spouse did not sign the deed of trust.
  
04/20/2026
Designation of XXX and Disclaimer of Non XXX provided. Finding is resolved. ; The Deed of Trust is Present and Complete
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Non-borrowing spouse is not listed as a vested XXX on title.
  
04/20/2026
Designation of XXX and Disclaimer of Non XXX provided. Finding is resolved. ; Title Document is fully Present.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The appraisal identifies damaged garage siding, but it does not provide a cost to cure.
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
The issue with the property has been resolved.; Updated appraisal received.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032350
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Please waive as per below.;
04/10/2026
Waived/Acknowledged per client request. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX) XXX DSCR XXX) XXX FICO XXX) Seasoned XXX.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409032353
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. 1003 shows XXX but borrower is a Permanent Resident per permanent resident card.
  
04/20/2026
Updated 1003 provided. Finding is resolved.; The Final 1003 is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032353
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Borrower is married Per 1003 and the other XXX applications that go with this, but the Mortgage shows borrower is “a single man”. XXX is a XXX State and the spouse did not sign the deed of trust.
04/20/2026
Updated DOT provided. Finding is resolved. ; The Deed of Trust is Present and Complete
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032353
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Loan is XXX year interest only per the closing disclosure. Payment of XXX also reflects interest only. Note shows fixed rate with no IO terms.
  
04/20/2026
Updated Note provided. Finding is resolved. ; The Note is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032353
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete Final contract price is XXX per the final closing disclosure. Missing the addendum to the purchase agreement showing this.
04/20/2026
Updated purchase Contract provided. Finding is resolved. ; purchase Contract Doc is complete.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032353
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Non-borrowing spouse is not listed as a vested XXX on title.
  
04/20/2026
Updated DOT provided to solve this finding. Finding is resolved. ; Title Document is fully Present.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Borrower is married, XXX is a XXX State and the spouse did not sign the deed of trust.
  
04/20/2026
Updated DOT was provided. Finding is resolved. ; The Deed of Trust is Present and Complete
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Spouse also should be listed as vested on title but is not.
;
04/20/2026
Updated DOT was provided. Finding is resolved. ; Title Document is fully Present.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Loan is XXX year interest only per the closing disclosure. Payment of XXX also reflects interest only. Note shows fixed rate with no IO terms.
  
04/20/2026
Updated Noted was provided. Finding is resolved. ; The Note is Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032341
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete The Note is Incomplete Loan is XXX year interest only per the closing disclosure. Payment of XXX also reflects interest only. Note shows fixed rate with no IO terms.
04/21/2026
The Note is Present; Updated Note provided. Finding is resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032341
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Property
External Obsolescence Present
External obsolescence present. External obsolescence due to location near commercial property. Appropriate adjustments were made, and this is not a guideline violation. Provided for information only.
03/25/2026
Information only.
03/25/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041162
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Less than XXX months of bank Statements provided for Grasshopper account.
; ; ; Document Uploaded. XXX (XXX) reflects XXX days of account data requested. Please clear finding.;
03/30/2026
XXX provided for XXX days.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042239
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/24/2026
Waived
XXX
Credit
Application Profile Missing
Business Narrative missing.
; Please waive for Grade B (XXX guides) - Comp factors- DTI-XXX%, LTV 53.27%, XXX years in subject property;
03/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DTI-XXX%, LTV 53.27%, XXX years in subject property
03/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 53.27% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.27% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042446
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Seller's Fraud Report is required and has not been provided.
; Documents uploaded for review.; Document Uploaded. ; ;
03/31/2026
Third Party Fraud Report is provided
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043786
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Application Profile Missing
Missing required signed business narratives for XXX and XXX for the XXX XXX Expanded bank Statement program v12
; Please waive for Grade B- comp factors- XXX Score, XXX years on jobs, XXX% DTI.;
03/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX Score, XXX years on jobs, XXX% DTI.
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044043
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Missing Lender Income Calculation Worksheet
The Borrowers have been qualified using XXX mos business bank Statements. Loan program requires Lender's Income Calculation worksheet which has not been provided.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/31/2026
  
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044043
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/23/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ; ;
03/30/2026
Required Affiliated Business Disclosure Documentation Provided
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045660
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 80% exceeds Guideline LTV of 75% Per FM overlay Audited LTV of 80% exceeds Guideline LTV of 75% Per FM overlay
; Document Uploaded. DD to waive for B Grade. Exception XXX. Comp Factors: XXX Expanded Guidelines Allow 80% LTV; XXX FICO; XXX mos PITIA reserves; XXX% DTI; LTV outside of Variance but permitted under XXX Expanded program guidelines. Exception entered.; ;
04/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX Expanded Guidelines Allow 80% LTV; XXX FICO; XXX mos PITIA reserves; XXX% DTI; XXX to review for XXX exception. ; FMHL variance provided. Variance provided shows Max LTV for a Investment property purchase XXX% LTV is 80%. XXX has approved this variance for purchase, and the LTV is outside the approved XXX Variance but is within XXX Expanded guidelines. XXX to review for exception to variance.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045660
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for the XXX XXX Expanded bank Statement program v12
; DD to waive for B Grade. Seller does not require business narrative. This has not been added to variance yet but after review with XXX team on other sellers loans fine to proceed without narrative. Comp Factors: XXX mos PITIA reserves, XXX% DTI; XXX FICO;
04/06/2026
Waived per client. Client accepts a risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA reserves, XXX% DTI; XXX FICO.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044653
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of XXX
; ; Documentation received, XXX to review.; Document Uploaded. The replacement cost estimators are in the credit package for both units - please see XXX. ;
03/31/2026
Client provided RCE for both Units ($XXX and $XXX) additional Policy was added to LM. ; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount; Client provided RCE for the subject. LM Updated.
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044653
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/24/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Guidelines require XXX months rent loss insurance (XXX = $XXX) but insurance reflects Loss of Rents or XXX
; ; Documentation received, XXX to review.; Document Uploaded. This is a XXX-unit property. Please find XXX HOI for XXX XXX with loss rent coverage XXX and for XXX XX/XX/XXXX XXX with loss rent coverage XXX Please note that both evidence of insurance are in the credit package - also XXX. ;
03/31/2026
Client States: This is a XXX-unit property. Please find XXX HOI for XXX XXX with loss rent coverage XXX and for XXX XX/XX/XXXX XXX with loss rent coverage XXX Please note that both evidence of insurance are in the credit package - also XXX. Additional Policy was added to LM. LM Updated.; Loss Rent Coverage is Sufficient
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041496
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044049
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042330
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Please waive for B grade. XXX has granted an exception. COMP FACTORS: • Fico XXX • DSCR >XXX • LTV XXX • Excellent reserves documented ; ; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose Fico XXX • DSCR >XXX • LTV XXX • Excellent reserves documented
04/01/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.8% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.8% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042472
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043421
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044616
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Document Uploaded. ABA Disclosure (XXX). ; Documentation received, XXX to review.;
03/30/2026
Required Affiliated Business Disclosure Documentation Provided
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
B
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044616
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Certificate of Insurance.
; Documentation received, XXX to review.; Document Uploaded. Change in Circumstance (XXX). ;
03/30/2026
Valid COC provided; exception resolved; Valid COC provided; exception resolved
03/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042858
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the XXX shows property does not have HOA fees. Page XXX comments State "HOA fees include common area XXX". There is a PUD rider in the file, but the appraisal report is not marked as PUD.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/16/2026
Property/Appraisal Meets Guidelines; Client provided updated Appraisal reflecting HOA comments removed from page XXX LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Per XXX v12, XXX months of reserves are required on the subject loan with a LTV of 69.97% and using alternative income documentation.
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Note to Seller: Please be advised there is XXX bps hit to price for exception Approval; Please review and advise on an exception;
04/08/2026
Client approved an exception to guidelines to allow for loan being short XXX full months of required reserves. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO, no mortgage lates in XXX months, XXX% DTI, 69.97% LTV (max of XXX%).
04/08/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 69.97% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.97% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Per XXX v12, XXX months of reserves in the amount of XXX on the subject loan with a LTV of 69.97% and using alternative income documentation. The borrower has total assets of XXX including funds received at closing.
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Note to Seller: Please be advised there is XXX bps hit to price for exception Approval; Please review and advise on an exception;
04/07/2026
Client approved an exception to guidelines to allow for loan being short XXX full months of required reserves. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO, no mortgage lates in XXX months, XXX% DTI, 69.97% LTV (max of XXX%).
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 69.97% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.97% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
The loan file was missing the XXX. Lender did not provide ATR/QM Status Determination.
; ; Documentation received, XXX to review.; Document Uploaded. The compliance will be found on the legal package page XXX to XXX and please find XXX. ;
04/07/2026
compliance report received
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 69.97% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.97% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Per XXX v12, a loan that was modified must have two years since modification date. The loan file contained modification documentation reflecting the loan was modified on XX/XX/XXXX. The subject loan closed on XX/XX/XXXX. The modification does not meet the two years seasoning requirement.
; Documentation received in XXX review.; Document Uploaded. Please also see the XXX note in the spouse’s name only, and this should not count against the borrower. Please review and advise ,; Document Uploaded. Note uploaded DD to review. Per Seller Comment "Loan was in spouse’s name only. Borrower has been on title on and off since XXX and spouse put it back in Trust XX/XX/XXXX."; Per Seller Comment "Loan was in spouse’s name only. Borrower has been on title on and off since XXX and spouse put it back in Trust XX/XX/XXXX." - DD to review comment and update condition. Appears no supporting documentation in loan package that loan in name of spouse solely.; I couldn't locate any modification documents on the file, please advise ,;
04/07/2026
Housing History Meets Guideline Requirements; The modified mortgage in question is in the name of the borrower's spouse, who is not a borrower on the subject loan. The spouse signed the Note as Trustee, not individually. Finding is resolved.; Loan Modification in file dated XX/XX/XXXX. Loan was modified, signed by borrower's spouse and Note holders extending the terms of the loan. XXX XXX guidelines do not allow for modification in the past XXX years.
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 69.97% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.97% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Per XXX v12, a satisfactory explanation letter from the borrower addressing any derogatory credit events if the event occurred in the last XXX years. The loan file contained modification documentation dated XX/XX/XXXX. The loan file is missing the satisfactory explanation letter for the modification.
03/27/2026
The modified mortgage in question is in the name of the borrower's spouse, who is not a borrower on the subject loan. The spouse signed the Note as Trustee, not individually. Finding is resolved.
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 69.97% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.97% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045649
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043714
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045606
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Application Profile Missing
The Borrower has been qualified using XXX mos bank Statement income. This program requires a Business Narrative which has not been provided.
; ; DD to waive for B Grade. Seller underwrites to their own guides which do not require business narrative. This was brought up with XXX team and variance will need updated but fine to proceed without. Comp Factors: 50% LTV; XXX% DTI; XXX FICO; XXX mos PITIA Reserves; No Mortgage Lates in XXX mos;
04/06/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 50% LTV; XXX% DTI; XXX FICO; XXX mos PITIA Reserves; No Mortgage Lates in XXX mos
04/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045606
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The Borrower owns an investment property on XXX. There is no verification in file indicating there are no HOA dues owed on this property per the Final 1003.
; Documentation received, XXX to review.; Document Uploaded. this property is a SFR, which would have no HOA fees;
04/06/2026
  
04/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409039521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040587
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Guaranty Agreement was not available at the time of review
; ; Please waive for Grade B (XXX does not require escrow)- Comp factor Fico XXX DSCR XXX LTV 70%;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Fico XXX DSCR XXX LTV 70%
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 765%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040587
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; Please waive for Grade B (XXX does not require escrow)- Comp factor Fico XXX DSCR XXX LTV 70%; Please waive for Grade B (XXX does not require escrow)- Comp factor Fico XXX DSCR XXX LTV 70%;
03/31/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Fico XXX DSCR XXX LTV 70%
03/31/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 765%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041131
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Pages XXX to XXX of the Final 1003 are missing.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
The Final 1003 is Present
04/08/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.23% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.23% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041131
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Borrower 2 Photo Identification not provided
Borrower 2 Photo Identification not provided. Co-borrower's government issued identification and/or a completed Patriot Act form is missing.
; Documentation received, XXX to review.; Document Uploaded. ;
04/08/2026
Photo Identification provided.
04/08/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.23% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.23% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041131
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Borrower's government issued identification and/or a completed Patriot Act form is missing.
; Documentation received, XXX to review.; Document Uploaded. ;
04/08/2026
Photo Identification provided.
04/08/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.23% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.23% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Certificate of Good Standing missing.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/07/2026
Client provided Certificate of Good Standing. LM Updated.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Maximum LTV for XXX time XXX that intent to self-manage is XXX% Management intention not in loan file, therefore, lower amount used.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/07/2026
Audited LTV of 75% is less than or equal to Guideline LTV of 75%; Client provided LOE stating: Regarding the purchase of XXX Woodhall ST XXX MI XXX as an investment DSCR property we will be using a property management company and it will not be self managed. LM Updated.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Lender Approved Exception to allow XXX% seller credit. Compensating factors include: XXX credit score, XX/XX/XXXX DSCR score, $XXX in assets to cover reserves.
; ; Exception approved- please waive - comp factors770 credit score, XX/XX/XXXX DSCR score, borrower has XXX in assets ;
04/06/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX credit score, XX/XX/XXXX DSCR score, borrower has XXX in assets
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041672
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; Please waive for Grade B- (not required for XXX at XXX%) - Comp factor Fico XXX DSCR XXX 70% LTV>;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Fico XXX DSCR XXX 70% LTV>
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041679
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing Affidavit of Occupancy or Business Purpose Affidavit
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Business Purpose Affidavit/Disclosure Provided; Business Purpose Affidavit/Disclosure Missing.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.67% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.67% is less than Guideline LTV of 90%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041679
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/06/2026
Required Affiliated Business Disclosure Documentation Provided.; Required Affiliated Business Disclosure Missing.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.67% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.67% is less than Guideline LTV of 90%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042207
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Rescinded
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Two bank accounts used for asset qualification are business accounts and are also being used for income qualification. GLs are silent of the use of business funds. FNMA Seller's Guide specifically States the use of business funds is permitted provided the borrower owns XXX% of the business and that the use will not disrupt the company's operations. An Exception is in file allowing for XXX mos reserves vs XXX mos provided they are personal funds. However, there are insufficient personal funds to cover CTC. Lender to provide a CPA letter confirming the use of business funds for both CTC and reserves will not have a negative impact on the borrower's business.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/15/2026
Per client, "Per underwriting, cpa letter is not required – only cash flow analysis." Rescinded per client. Analysis provided; Per client, "Per underwriting, cpa letter is not required – only cash flow analysis." Rescinded per client ; Per XXX: Exception was not approved. Borrower are required to have the full XXX months and funds to close.
04/15/2026
  
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042207
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Flood Insurance Policy Missing
Missing Flood Insurance Policy The FCD and Tax and Insurance Information Sheet both reflect flood insurance in place. The actual policy has not been provided.
Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Flood Insurance Policy is fully present; Client provided executed Notice of Special Flood Hazards Disclosure. LM Updated.; Provide a copy of the executed Notice of Special Flood Hazards Disclosure.; Flood Insurance Policy is fully present
04/14/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042207
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. File is missing primary housing verification. The F1003 reflects the borrower renting a home for XXX per month. There is no lease, VOR, or XXX mos bank Statements reflecting housing history of max XXX in file.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/10/2026
Lender provided copies of XXX months checks to verify the housing history. LOE States no lease and has lived at the property for XXX years. ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing
04/10/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
XXX Expanded v12 guidelines State no expense factor for bank Statement income can be less than XXX% XXX underwrites to XXX's guidelines that allow XXX% Waived per XXX request. Risk accepted for B grade. Client acknowledges the following compensating factors for this purpose: 70% LTV for primary, XXX score, XXX years credit depth.
04/09/2026
  
04/09/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. The loan file was missing B1's photo ID.
; Documentation received, XXX to review.; Document Uploaded. ;
04/02/2026
Photo Identification provided.
04/02/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Borrower 2 Photo Identification not provided
Borrower 2 Photo Identification not provided. The loan file was missing B2's photo ID.
; Documentation received, XXX to review.; see uploaded;
04/01/2026
Photo Identification provided.
04/01/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX and XXX for the XXX XXX Expanded bank Statement program v XX/XX/XXXX
; Please waive for Grade B (not required per XXX guides)- Comp factors - 70% LTV for primary, XXX score, XXX years credit depth.;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose 70% LTV for primary, XXX score, XXX years credit depth.
04/01/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Documentation required to clear exception: Please provide the IEAD.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
03/31/2026
Initial Escrow Account Disclosure is Resolved
03/31/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042280
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
03/31/2026
Evidence of eConsent is provided.
03/31/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042658
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043506
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Provide XXX months VOM with no more than XXX for rental properties with mortgages disclosed on the initial 1003 except XXX Penninsula Rd which is reflected on the credit report.
; ; XXX requires a mortgage history on the primary residence and the subject if it is a refinance. If other mortgages show on the credit report, they must meet the XXX, but a history does not need to be provided. Please review and rescind finding, if appropriate.; ; Mortgage history is only required for subject (refi) and primary. Please review and Rescind. ;
04/06/2026
; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Provide XXX months VOM with no more than XXX for rental properties with mortgages disclosed on the initial 1003 except XXX Penninsula Rd which is reflected on the credit report as required per XXX guidelines.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043506
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The initial application reflects XXX XXX's not disclosed on the final application. Provide the missing REO pages.
; Document Uploaded. Documentation received, XXX to review.; ; ;
04/06/2026
  
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043529
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Please waive for grade B- Comp DSCR XXX Fico XXX over XXX million in assets; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XXX Fico XXX over XXX million in assets
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043535
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Loan is already priced for escrow waiver- please clear finding- XXX DSCR, XXX FICO, over XXX million in assets;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX DSCR, XXX FICO, over XXX million in assets
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043535
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Hazard Insurance does not reflect loss of rent coverage (minimum of XXX months) as required by guidelines.
Documentation received, XXX to review.; Document Uploaded. Hazard reflects loss of use under primary coverages of $XXX. ;
04/22/2026
Documentation is sufficient. Hazard policy provided. Exception resolved.; Rent Loss Coverage Present
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044575
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Required rent loss insurance coverage missing from HOI policy.
; Waive for Grade B (not required in XXX guides) - Comp Factors DSCR XXX Score, mortgage history dates back to XXX;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XXX Score, mortgage history dates back to XXX
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044575
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Waive for Grade B (not required in XXX guides) - Comp Factors DSCR XXX Score, mortgage history dates back to XXX; ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XXX Score, mortgage history dates back to XXX
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044693
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045261
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045332
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing history for the properties on XXX and XXX
; ; Please waive for grade B- ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ; Housing history is only required for primary residence and subject property, not required for addl investment. ;
04/27/2026
Client approved an exception to guidelines to allow for consideration of XXX guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO, XX/XX/XXXX DSCR, and experienced XXX. ; Borrower to provide at least one fully executed lease agreement for an income‑producing investment property to meet DSCR experienced borrower guidelines. The borrower has demonstrated concurrent ownership of one XXX of the required two XXX for at least XXX months within the most recent XXX‑month period, with ownership of the primary residence supported by an Eastern Bank Statement.; Per XXX XXX guidelines, mortgage history required for all properties owned by borrower to ensure mortgage history falls within guidelines.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045332
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing Rent Loss Insurance covering a minimum of XXX months for the subject property for the greater of in-place or market rent during disruption.
; ; Waive for Grade B (not required for XXX)- comp factors- XX/XX/XXXX DSCR, XXX FICO, XXX years in primary residence, experienced XXX. ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XX/XX/XXXX DSCR, XXX FICO, XXX years in primary residence, experienced XXX.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045332
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The Final 1003 to reflect all mortgages matched to their respective properties.
; ; ; Waive for Grade B (not required for XXX)- comp factors- XX/XX/XXXX DSCR, XXX FICO, XXX years in primary residence, experienced XXX. ;
04/23/2026
Client approved an exception to guidelines to allow for consideration of XXX guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO, XX/XX/XXXX DSCR, and experienced XXX.; The Final 1003 is Present
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042137
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
XXX DSCR Guidelines require Executed W9 for borrower/guarantor and any business listed as XXX on title. Missing Executed W9 for XXX and missing Executed W9 for XXX.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; ; ;
04/17/2026
  
04/17/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042137
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for Grade B (XXX guides do not require)- Comp factor DSCR XXX FICO XXX LTV 65%;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XXX FICO XXX LTV 65%
04/01/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043533
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Non-escrow per XXX Payment Letter and escrow account is required per guidelines.
; ; Please waive- exception approved- XXX DSCR, XXX FICO, over XXX million in assets;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX DSCR, XXX FICO, over XXX million in assets
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044646
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/10/2026
The Final 1003 is Present
04/10/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044646
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Income documentation does not meet guidelines
Missing CPA letter stating XXX% business expense ratio.
; Sent to escalations.; Loan qualified with personal bank Statements, business Statements in file to confirm expenses only. per XXX guide page XXX allows for XXX% use of bank Statements with XXX business bank Statements in file. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/09/2026
Expense ratio is not required for personal bank Statement program. Finding is resolved. ; Client States: Sent to escalations.; Client provided CPA letter, Business Narrative, XXXhip Agreement, IRS EIN assignment and LOE for Pay Structure. However, the CPA letter to be updated to indicate the amount for the Business Expense Ratio (program guideline allowable minimum is XXX%).; Client provided CPA letter, Business Narrative, XXXhip Agreement, IRS EIN assignment and LOE for Pay Structure. However, the CPA letter to be updated to indicate the amount for the Business Expense Ratio (program guideline allowable minimum is XXX%).
04/09/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044646
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/25/2026
Resolved
XXX
Compliance
TRID: Missing Closing Disclosure
TRID: Missing Final Closing Disclosure The file does not contain evidence that a CD was provided on the day the mortgage was signed and notarized. The last CD available in the file was issued on XX/XX/XXXX and received by the consumer on XX/XX/XXXX. There is an incomplete CD signed by the borrower at closing, however the CD is incomplete. If a CD was provided at consummation, provide for testing if CD was received electronically, please provide evidence of receipt as well as the e-consent.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
TRID: Final Closing Disclosure Provided
04/08/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042548
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Borrower 2 Award Letter Missing
Borrower 2 Award Letter Missing Missing proof of receipt of B2 pension for XXX per month
; Documentation received, XXX to review.; Document Uploaded. Please see updated 1008 and 1003 to clear condition.;
04/02/2026
Borrower 2 Award Letter Provided or XXX (Number of Borrowers equals XXX)
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043499
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
Missing client approved exception documentation.
  
03/31/2026
Document Uploaded. The client approved an exception to allow for the use of the current appraised value and for the subject property being listed within XXX month of the loan application date. The listing was cancelled on XX/XX/XXXX with an application date of XX/XX/XXXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Borrower currently owns XXX investment properties, $279k in liquid assets, XXX FICO score, and mortgage history on bureau dated back to XXX
05/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
B
A
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041721
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/16/2026
  
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042227
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 536.93% exceeds Guideline LTV of 75% The subject was purchased XX/XX/XXXX for XXX and the appraised value as of XX/XX/XXXX is XXX The appraiser notes that an estimated XXX was put into the subject to completely renovate it, which is supported by the appraisal photos, but the loan file lacks any additional supporting documentation or receipts.
; ; Please correct LTV - XXX has granted exception to use current value for LTV calculation - for B grade. COMP FACTORS: • FICO XXX • DSCR XXX • Perfect credit hisory ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Updated LTV based off of current appraised value per credit exception approval. ; ; Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose. FICO XXX / DSCR XXX / Perfect credit history.; Copy of XXX om listing provided. XXX Guidelines require Documented improvements must be supported with receipts or equivalent verifiable documentation. XXX listing is not equivalent of receipts.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 536.93%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042227
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Waived
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing payment history for the property on XXX XXX.
; Please waive for B grade. XXX granted exception - COMP FACTORS: • FICO XXX • DSCR XXX • Perfect credit hisory ; XXX Reviewing for exception. Please note there may be an impact to pricing.; Documentation received, XXX to review.; Document Uploaded. ; ; XXX requires housing history only on subject (refinance) and primary res. Please review and rescind. ; ;
04/24/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR XXX and perfect credit history.; Exception requested. XXX to review for approval ; DSCR program requires an experienced borrower to own a minimum of XXX concurrently for at least XXX months within the most recent XXX mos. The property located at XXX East 95th St supports ownership exceeding XXX months; however, the subject property was acquired on XX/XX/XXXX resulting in approximately XXX months short of meeting the XXX month concurrent ownership requirement.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 536.93%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042227
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. The current loss rent coverage is insufficient and does not meet guideline requirements. Missing the Rent Loss Insurance covering a minimum of XXX months for the subject property for the greater of in-place or market rent during disruption.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Loss Rent Coverage is Sufficient
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 536.93%
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043121
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
There is one credit XXX inquiry in last XXX days with no required LOX addressing the inquiry in file.
; ; Documentation received, XXX to review.; Document Uploaded. Please waive this condition, per the credit report that is already in file shows no credit inquiries in the last XXX days, the credit report dated XX/XX/XXXX;
04/07/2026
Review of credit report; condition cleared.
04/07/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
A
A
A
D
B
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043121
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Cured
XXX
Compliance
Incorrect rescission model used - RTC form model H-XXX used for Same Lender or Lender Affiliate Refinance
Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance The consumer(s) was provided the incorrect RTC version. The consumer is refinancing with the original (same) creditor (-new XXX of money with the same creditor). Model H-XXX was provided; because the property is located in XXX, model H-XXX should have been used.
; Documentation received, XXX to review.; Document Uploaded. Please see NORTC to clear condition.;
04/07/2026
New RTC provided; exception downgraded to a 2/B
04/07/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
A
A
A
D
B
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043121
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Application Profile Missing
The Borrower was qualified using XXX months business bank Statements. The Business Narrative required for this program has not been provided.
; Documentation received, XXX to review.; Document Uploaded. please see XXX business narrative LOE to clear condition;
04/01/2026
Business narrative supported; condition cleared.
04/01/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
A
A
A
D
B
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing history for the second mortgage on the primary residence with a XXX monthly payment.
; Documentation and comment received, XXX to review.; Document Uploaded. LOX from back on the HELOC. They made a typo on the year, LOX on front clears it up that it was from XXX ; ; ; ; Document Uploaded. ;
04/10/2026
Housing History Meets Guideline Requirements; ; Client provided XXX letter stating the Borrower's current HELOC balance is XXX with a monthly payment of $XXX. An additional letter dated XX/XX/XXXX the mortgage has been paid as agreed as of XX/XX/XXXX with no late payments. LM Updated.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing Missing the Verification of the existence of borrower’s self-employment verified through a third-party source and no more than thirty XXX calendar days prior to the Note date.
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
Borrower 1 3rd Party VOE Prior to Close Was Provided; Client provided XXX Secretary of State reflecting formation date XX/XX/XXXX and Internet look up for XXX. However, the documents are not dated.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing Updated Credit Report Supplement
Missing documentation per debt on 1003 installment contact with Contract for XXX monthly payment and balance of XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
Lender provided evidence of the payments for XXX and $XXX.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042447
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/06/2026
Evidence of eConsent is provided.
04/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045985
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046054
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for XXX, as required by XXX DSCR guidelines. W-XXX Forms are required for both the LLC and the Member that signed the guaranty agreement. Executed W-XXX that was provided is only for Member. Missing Executed W-XXX for LLC.
; Documentation received in XXX review.; Document Uploaded. W9;
04/08/2026
Client provided W-XXX for XXX. LM Updated.
04/08/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Comp Factor
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409045643
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
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409043692
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/25/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing Missing the Verification of the existence of borrower’s self-employment verified through a third-party source and no more than thirty XXX calendar days prior to the Note date.
Documentation and comment received, XXX to review.; Document Uploaded. All the business documents for XXX were in the file. CPA Attestation Form showing borrower owned XXX percent of XXX. ; ; DD to re-review. VVOE documentation dated XX/XX/XXXX which is within XXX days of note date. CPA Verification; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX;
04/10/2026
Borrower 1 3rd Party VOE Prior to Close Was Provided; Provide a current, active liquor license for XXX, as the State of XXX requires annual renewal.; Provide third party verification for B1's business and be dated no more than thirty XXX calendar days prior to the Note date.
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409046040
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Missing Letter of Explanation (Income)
The Borrower has been qualified using XXX Months Business Bank Statement Income. The Initial 1003 reflects income of $50K per month. The Final 1003 income used to qualify is XXX per month. This is significantly higher than the initial income and, per Lender guidelines for Bank Statement Income, requires "an explanation from the borrower to determine acceptability of the income". This letter has not been provided.
; DD to waive for B Grade. Exception Approval XXX. DD will need to update income figure to lower monthly amount of $XXX and any LLPA XXX with the DTI change will apply. Comp Factors: - FICO XXX - XXX months reserves - Significant business cashflow - DTI <XXX% with lower income figure; ; ; Variance does not cover so would defer to XXX Expanded guidelines per FMHL Variance. Exception entered for review. Please note there maybe impact to pricing. - DD to reopen finding.; these should not be required as the loan was underwritten to FMHL guidelines which do not require ; ; Please note that FMHL Variance does not reference exclusion - This maybe reviewed as exception with XXX, please note there maybe impact to pricing if exception able to be approved if unable to cure.; ; these are still referencing XXX XXX guidelines. This loan was to be underwritten to XXX NON-QM guidelines. These items are not required as per XXX NON-QM guidelines. ; Per XXX Expanded guidelines (Page XXX): 1003 Initial Disclosed Income: • Income disclosed on the initial signed application should be reviewed. If income calculated is significantly higher than income Stated on the 1003, the underwriter should request an explanation from the borrower to determine acceptability of the income.; ; The following requirement is not located in our guidelines: “an explanation from the borrower to determine acceptability of the income". ; Comment received, in XXX review.;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX - XXX months reserves - Significant business cashflow - DTI <XXX% with lower income figure; Reopened as requested for XXX exception review. ; XXX to review. Please note that FMHL Variance does not reference exclusion - This maybe reviewed as exception with XXX, please note there maybe impact to pricing if exception able to be approved if unable to cure. ; Comment received, in XXX review.
04/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
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409046040
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. The Borrower has been qualified using XXX mos business bank Statements. The Final 1003 reflects the same account being used for asset qualification to cover CTC and reserve requirements. Lender Guidelines are silent on the use of business funds and defer to FNMA. FNMA Seller's Guide allows for the use of business funds; however, the Lender must confirm that the use of these funds will not compromise business operations or the borrower's ability to repay the mortgage. The CPA letter in file does not address the use of business funds.
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: - FICO XXX - XXX months reserves - Significant business cashflow - DTI <XXX% with lower income figure; ; ; Please note this is not addressed in FMHL variance so defers to XXX Expanded requirements per approved FMHL variance. Entered as exception. Please note maybe impact to pricing if able to approve. - DD to reopen finding.; these are still referencing XXX XXX guidelines. This loan was to be underwritten to XXX NON-QM guidelines. These items are not required as per XXX NON-QM guidelines. ; ; Documentation and comment received in XXX review.; Document Uploaded. Please see enclosed... this is addressed in our guidelines ;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX - XXX months reserves - Significant business cashflow - DTI <XXX% with lower income figure; Reopened for XXX to review. ; Client States: XXX lender GL are not silent, see below as per page XXX of GLs. All guidelines have been met. Business accounts may be considered for assets where they have a minimum XXX% ownership. The amount of business assets that may be utilized is limited to the borrower's ownership percentage in the business. Significantly large deposits as determined by the underwriter must be sourced. However, he Borrower has been qualified using XXX mos business bank Statements. The Final 1003 reflects the same account being used for asset qualification to cover CTC and reserve requirements. Lender Guidelines are silent on the use of business funds and defer to FNMA. FNMA Seller's Guide allows for the use of business funds; however, the Lender must confirm that the use of these funds will not compromise business operations or the borrower's ability to repay the mortgage. The CPA letter in file does not address the use of business funds.; Client States: XXX lender GL are not silent, see below as per page XXX of GLs. All guidelines have been met. Business accounts may be considered for assets where they have a minimum XXX% ownership. The amount of business assets that may be utilized is limited to the borrower's ownership percentage in the business. Significantly large deposits as determined by the underwriter must be sourced. However, he Borrower has been qualified using XXX mos business bank Statements. The Final 1003 reflects the same account being used for asset qualification to cover CTC and reserve requirements. Lender Guidelines are silent on the use of business funds and defer to FNMA. FNMA Seller's Guide allows for the use of business funds; however, the Lender must confirm that the use of these funds will not compromise business operations or the borrower's ability to repay the mortgage. The CPA letter in file does not address the use of business funds.
04/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
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B
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409046040
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/26/2026
Waived
XXX
Credit
Application Profile Missing
The Borrower has been qualified using XXX Months Business Bank Statements. This program requires a Business Narrative which has not been provided.
; DD to waive for B Grade. Seller does not require per their guidelines. Variance does not address but fine to proceed without with review with XXX Team on previous loans. Comp Factors: XXX% DTI; XXX FICO; XXX mos PITIA reserves;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX% DTI; XXX FICO; XXX mos PITIA reserves
04/01/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
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B
D
B
A
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409043530
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Rescinded
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; XXX to review for exception;
03/31/2026
The loan has an escrow account. Finding is rescinded.
03/31/2026
  
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409043389
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. One of the accounts used to qualify is a business acct (XXX #XXX). The Operating Agreement for the account holding business reflects the borrower and her spouse as XX/XX/XXXX owners. The file is missing XXX% access letter or corporate resolution allowing the borrower full access to these funds.
; Documentation received, XXX to review.; Document Uploaded. See XXX.; ; Per escalation to DD with rebuttal - Guidelines require that access to funds is identified. The Operating Agreement only identifies ownership at XX/XX/XXXX. We still need to confirm that the borrower has full access to these funds. Please refer to Business Funds section of XXX DSCR program guidelines. Advise if unable to cure how to proceed. - DD to reopen finding; The managing parter is her husband, and also the person who gave her the gift funds to fund the loan, so the assumption could be drawn that he has consented to the XXX account as well. We operated under the assumption that she is XXX% XXX of the company and has full access to the account. ;
04/28/2026
Received executed resolution for XXX to have XXX% access to all business accounts. Exception Resolved.; Re-opened finding for review.
04/28/2026
  
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409043389
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. File contains a VOM for mortgage from XXX Glover but not from XXX. These are private loans not rating to any credit bureaus and were taken out on XXX. Mortgage payment history is required for both mortgages being paid off against the subject property. Since these loans are privately held, both must be verified using XXX months cancelled checks and or bank Statements confirming Mortgage History with max XXX.
; ; Documentation received, XXX to review.; Document Uploaded. See XXX.; ; Documentation received, XXX to review.; Payment history is re-XXX directly from the private lender. It was included in the original package. The payment history is for both loans, the payoff is just delegating the portions of the payoff that need to go to each individual, but the payment history covers both of the loans as they were tecXXXically the same loan from a private money lender;
04/28/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; VOM and pay history provided meets FNMA requirements. Finding is resolved. ; ; Earlier notes indicate that XXX H Glover and XXX are tecXXXically the same lender. The title and settlement Statement both reflect a payoff to the private lender XXX H Glover and a payoff to XXX. Earlier notes indicate the payment history provided is combined for both loans. Received a private VOM from XXX Glover which is not acceptable to verify mortgage history per guidelines. Private mortgages require the most recent XXX months bank Statements and/or cancelled checks for each mortgage payment. If the borrower only made XXX combined payment each month, it will require Third Party Verification that XXX H Glover and XXX are in fact, tecXXXically the same lender and provide copies of the original notes. ; Provide a Verification of Mortgage (VOM) to independently confirm mortgage payment history, as the submitted documentation requires further validation.
04/28/2026
  
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409043389
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Subject loan has been approved under the DSCR guidelines v13 and is vested under an LLC. Per GLs, an executed W-XXX must be provided and is not in file.
; Documentation received, XXX to review.; Document Uploaded. XXX is the w-XXX. it was included in the original package.;
04/06/2026
W9 indicates LLC; condition cleared.
04/06/2026
  
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409042705
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
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409042700
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Rescinded
XXX
Credit
Hazard Insurance Effective Date is after the Disbursement Date
Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. Per Policy in file
  
03/30/2026
The subject transaction is a refinance and the insurance policy was effective prior to the disbursement date. Finding is rescinded.
04/13/2026
  
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409042707
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Rescinded
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
;
03/31/2026
The loan has an established escrow account. Finding is rescinded.
03/31/2026
  
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409042703
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
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409042581
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Provide final Title policy with coverage for the final loan amount of XXX
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/06/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Client provided Commitment for Title reflecting Proposed Amount of Insurance XXX LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409043134
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Rescinded
XXX
Credit
purchase Contract does not Match Final CD
The final CD does not reflect the correct XXX when compared to the purchase Contract. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(vii) Interested Party Contributions $64,XXX exceed Total Closings Costs XXX by $XXX. Reduced XXX from XXX to $XXX.
; ; ; ;
04/24/2026
Interested Party Contributions XXX exceed Total Closings Costs XXX by $XXX. Reduced XXX from XXX to $XXX. Finding is rescinded.
04/24/2026
  
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B
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409043134
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Credit
Audited DTI Exceeds Guideline DTI
Audited DTI of XXX% exceeds Guideline DTI of XXX% The calculated DTI of XXX% exceeds the maximum guideline limit of XXX% The loan was approved using a DTI of XXX%. The variance is due to the lender using XXX in rental income, while the VOR/Supplement reflects XXX
; XXX has granted exception to allow rental income from subject. Please adjust DTI accordingly. COMP FACTORS: • FICO XXX • LTV XXX • Low DTI (if using subject rent) • Excellent reserves after closing ; XXX to review for exception. Please note there may be an impact to pricing.; Clarified calculation in condition. ; ; Document Uploaded. Uploaded the XXX.. nsure where the XXX noted in the condition as other expenses is being listed. XXX appropriately matching the URLA reflecting XXX in total payments/expenses....$XXX (PITI for subject after rental being used) + XXX (Primary expense.. hich is actually $XXX) + XXX (Debts on credit.. redit card/installment). Sorry.. am still not clear where your DTI is coming from and specifically the XXX being referenced?; Sorry.. am unclear of the issue. The Credit Supplement reflecting XXX is XXX with the borrower primary housing expense XXX with XXX Skyler Drive. If anything it appears our DTI is double dipping and the borrower is being debted for a XXX primary expense as opposed to XXX I am unsure where XXX in rental income is on the URLA that is noted in the condition?; Documentation and comment received, XXX to review.; ;
04/24/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX • LTV XXX • Low DTI (if using subject rent) • Excellent reserves after closing.; ; Per XXX, use of rental income may be allowed with asset depletion on XXX Expanded v12 per FNMA guidance with exception review, and this will be addressed with new guidelines to be published in May/XXX XXX More conservative estimate of market rents utilized XXX with XXX in market rents (from the XXX) at XXX% = XXX - XXX = XXX for the subject rental income and DTI of XXX% XXX to review for exception.; Audited DTI of XXX% is less than or equal to Guideline DTI of XXX%; ; ;
04/24/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.25% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.25% is less than Guideline CLTV of 80%
C
B
C
B
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B
A
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409043134
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Asset 2 Expired
Asset 2 Expired. XXX Exchange.
; Please review document provided showing XXX funds; Documentation received, XXX to review.; Document Uploaded. XXX letter with Final Settlement Statement. Hoping this will be sufficient to support the XXX Exchange funds.;
04/15/2026
Asset 2 Not Expired Or XXX.; Asset 2 Not Expired Or XXX.
04/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.25% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.25% is less than Guideline CLTV of 80%
C
B
C
A
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B
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B
B
A
A
409044338
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
The Final 1003 declarations section indicates the borrower will occupy the subject as a primary residence.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/28/2026
Corrected 1003 received correcting occupancy; Intent of borrower's occupancy supported The Final 1003 declarations section indicates the borrower will occupy the subject as a primary residence.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044338
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Per XXX DSCR v13 guidelines, All loans require rent loss insurance covering a minimum of XXX months for the subject property for the greater of in place or market rent during disruption.
; Documentation and comment received, XXX to review.; Document Uploaded. Here is the dec page showing rent loss coverage. Its on page XXX;
04/28/2026
Rent Loss Coverage Present
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045331
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade - XXX granted exception. Comp factors: FICO XXX / DSCR XX/XX/XXXX / LTV XXX / Locked with escrow waiver.; This is not required, please waive this condition. It sounds like our XXX team has been waiving escrows with a XXX price adjuster. ;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR XX/XX/XXXX / LTV XXX / Locked with escrow waiver.
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 45.65% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.65% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045331
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Operating Agreement, Articles of Org, Cert of Good Standing for XXX
; Documentation received, XXX to review.; Document Uploaded. Business Docs;
04/07/2026
Client provided Certificate of Good Standing for XXX dated XX/XX/XXXX, Articles or Organization, Initial Resolutions and IRS Assignment of EIN. LM Updated.
04/07/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 45.65% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.65% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046118
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045989
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Hazard insurance shows "Business income and extra expense" at actual cost but does not State the $ limit per montXXXths covered.
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Rent Loss Coverage Present
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043914
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Credit
Asset 3 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements Other Assets shows XXX evidence found on page# XXX which shows it is holding for trust account. Requesting for Proof of transfer to the borrower account.
; Documentation received, XXX to review.; Document Uploaded. see XXX;
04/08/2026
Asset Record XXX Meets G/L Requirements Or XXX; Settlement provided.
04/08/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 45.16% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.16% is less than Guideline CLTV of 770% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046127
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/26/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. UCDP for FNMA is missing.
; Documentation received, XXX to review.; Document Uploaded. ; CU Score over XX/XX/XXXX - Secondary valuation required from CDA or CCA; Documentation received, XXX to review.; Document Uploaded. ; ;
04/09/2026
Third party valuation product provided within tolerance.; Provide a desk review from either Collateral Desk Review (CDA) or Consolidated Collateral Analysis (CCA), as required by XXX DSCR loan program.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046131
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Evidence of mortgage history for the subject property at XXX missing.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; VOM received. Finding is resolved. ; Provide an updated payoff Statement disclosing the cross‑collateralized properties: XXX XXX XXX, XXX XXX XXX, XXX XXX XXX XXX, XXX XXX, and XXX XXX XXX.; Payment history indicates these are the XXX properties XXX with XXX XXX XXX, XXX, XXX.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046131
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 85.51% exceeds Guideline LTV of 75% The subject property was listed for sale in the amount of XXX The listing expired XX/XX/XXXX with an application date of XX/XX/XXXX. Guidelines State the lower of the listing value or appraised value must be used if the subject was listed within the last XXX months of the application date.
; Comment received, XXX to review.; Please waive this condition, The Appraisal shows subject was listed for sale in XXX for XXX which is higher than the appraised value of XXX (guidelines State to use the lower of listing or appraised value if listed in the last XXX months). The listing expired on XX/XX/XXXX which is over XXX month from the application date per guidelines.;
04/07/2026
Audited LTV of 75% is less than or equal to Guideline LTV of 75%
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042841
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Waived
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Lender Approved Exception in file for not meeting minimum tradeline requirements. Compensating factor is the ownership of XXX REO's free and clear.
; ; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Comp Factors: DSCR XXX Fico XXX LTV 48%;
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Fico XXX LTV 48%
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042841
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Document Uploaded. DD to waive for B Grade. Exception XXX. Comp Factors: DSCR XXX Fico XXX LTV 48%, Reserves post close to cover XXX mos tax and insurance; XXX to review for exception.;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Fico XXX LTV 48%, Reserves post close to cover XXX mos tax and insurance.
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042841
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Hazard Insurance Effective Date is after the Disbursement Date
Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. Missing proof of Hazard Insurance Effective prior to the disbursement date of XX/XX/XXXX.
Documentation and comment received, XXX to review.; Document Uploaded. Final SS and PCCD provided with package showing close/disb XXX;
04/10/2026
Subject property located in an escrow State; condition cleared.
04/13/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Final HUD-XXX Document is Missing
Final HUD-XXX Document is Missing The settlement Statement provided is estimated. Please provide the final settlement Statement for review.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Final settlement Statement provided.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
A
A
A
A
D
A
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042863
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Rescinded
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Deed of Trust missing prepayment rider.
; Documentation and comment received, XXX to review.; Document Uploaded. There's never a prepayment rider on the DOT, only a prepayment addendum to the note;
04/27/2026
; The DOT does not reflect a PPP and is not required. Condition Rescinded.
04/27/2026
  
D
A
A
A
A
A
A
A
D
A
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete Section 2a. Assets needs to be completed for B2.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; ;
04/08/2026
The Final 1003 is Present; Client provided Updated 1003 for B2. LM Updated.
04/08/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409039271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/07/2026
Required Affiliated Business Disclosure Documentation Provided.
04/07/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041859
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/27/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Subject property appears to be a unique property. It has one bedroom, when comparables have XXX bedrooms. Subject property also has XXX. Comparables have a large amount of adjustments across the XXXrd.
; ; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Property/Appraisal Meets Guidelines; Client provided Updated Appraisal with XXX Comment Addendums reflecting: The subject is a unique property in an area with very limited data. It is not a XXX bedroom home, there is one bedroom on the XXX level, open sleeping areas on the 2nd floor and XXX bedrooms in the walk-out basement. Then additional XXX has been addressed in the report. It is not unusual to have numerous adjustments for a unique property in an area with very few sales. As mentioned in the original report, the comps used are believed to be the best, if not only, value indicators, The XXX (if permitted) is a legal improvement and typical for the area. After speaking with XXX I'm told that the basement finish (including the XXX) was not specifically permitted; this will need to take place; I presumed that the basement finish was part of the original permit but am told otherwise. Homeowner indicates that the builder will be calling for a CO on the basement finish and it's presumed that the permit will be obtained at that time. I am making my appraisal subject to the basement finish and basement XXX being permitted. LM Updated.; Client provided LOE. However, LOE is for Explanation of Income.
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041859
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Income)
Per XXX Expanded v12 guidelines, If income calculated is significantly higher than income Stated on the 1003, an explanation from the borrower is required. B2 income on initial 1003 was XXX and calculated income was XXX
;
04/01/2026
Client provided LOE (found in Appraisal Condition) stating: This is a letter of explanation regarding the income Stated on the application we submitted for a home refinance back in XXX of XXX I was just quickly estimating how much I make monthly from the company that my wife and I own. I do take small monthly draws but was not factoring in the total business income. My loan officer assured me we would get a more accurate number so this was just a very quick start to getting the process going. LM Updated.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042559
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The subject property is zoned XXX, XXX, and has XXX views. The appraiser did not provide any similar comps with the same external obsolescence.
; Comp factor- XXX Score, XX/XX/XXXX DSCR, Experienced XXX; ; Documentation received, XXX to review.; Document Uploaded. ; Document Uploaded. ; Documentation received, XXX to review.; ; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX Score, XX/XX/XXXX DSCR, Experienced XXX; XXX to provide XXX compensating factors.; approved exception with compensating factors required to downgrade to B grade. ; One or more issues or defects with the property have been discovered. The subject property is zoned XXX, XXX, and has XXX views. The appraiser did not provide any similar comps with the same external obsolescence.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - XXX UW reviewing with Management. Pending update.
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042559
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Other Rider is Missing
Interest Only Rider indicated on the Mortgage document is Missing.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
Client provided Interest Only Period Rider. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - XXX UW reviewing with Management. Pending update.
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042563
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
Affiliated attestation provided; Exception resolved; Required Affiliated Business Disclosure Documentation Provided.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 90%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
409042563
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Title Document Missing
Title Document is missing Missing title search or title commitment for lender's title insurance.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/06/2026
Title Document is fully Present; Client provided Commitment for Title. LM Updated.
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 90%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042563
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Missing final page of Deed of Trust with notary information.
; Documentation received, XXX to review.; Document Uploaded. ;
04/06/2026
The Deed of Trust is Present and Complete
04/06/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 90%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042663
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Income)
There is evidence of declining cashflow: Gross deposits in the most recent XXX months (XXX - XXX XXX) average approximately $XXX, a XXX% drop from the prior XXX months average of $XXX. Withdrawals exceed deposits in XXX of XXX months. Provide explanation.
Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
LOE received.
04/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042663
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Loan Discount Points. This violation can also be cured by providing an updated disclosure within XXX business days of COC dated XX/XX/XXXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/07/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
409042663
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. The initial CD is missing from the loan file. The earliest CD in the loan file was issued on XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/07/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043878
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Rescinded
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Evidence of current housing payment history for additional REO missing.
; Which properties are you referencing, this is a DSCR. ; Comment received, XXX to review.; the additional properties are owned free and clear. can you confirm what is needed?; ;
04/08/2026
Re-review of guides - Rescinded. No evidence history is required.
04/08/2026
  
A
A
A
A
A
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A
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A
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A
A
A
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A
A
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A
A
A
A
A
A
A
A
A
409044229
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
A
A
409044331
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Rescinded
XXX
Credit
Missing Lease Agreement
Leases in file for the two unit subject equal XXX and XXX combined XXX per month. Lender qualified Borrower using XXX monthly. Missing lease renewal or updated lease.
; ; ; ; ; ; There was an addendum in file increasing one unit to XXX is confirmed. ; ;
04/06/2026
Addendum is contained in the loan file showing rent increase to XXX Finding is rescinded. ; ; Addendum to lease increase was missing from file. Please provide for review.
04/06/2026
  
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
A
A
A
A
A
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A
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A
A
A
A
A
A
A
A
409044331
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Rescinded
XXX
Credit
Missing rent comparable schedule form 1007
Missing third party market rent source. Property is a XX/XX/XXXX family unit, Rental operating Statement was not provided.
; Appraisal is for XXX unit and reflects rental information. Please escalate. ; ; Subject is a XXX unit - and appraisal was completed for XXX unit. No additional information is required. Please clear finding.; ;
04/06/2026
Rental information provided in loan file. Finding is rescinded. ; Appraisal was in file, but missing rental information as required per guidelines.
04/06/2026
  
A
A
A
A
A
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A
A
A
A
A
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A
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A
A
409041676
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/27/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for Loan Discount Points.
; ; ; Document Uploaded. ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Could you please advise the refund amount. Thanks; ; ; Documentation received, XXX to review.; ; ; Document Uploaded. Per closer funded on the 13th, we closed on the XX/XX/XXXX it funded XX/XX/XXXX I am unsure where the failure is? This loan failed the TILA right of rescission test ; Documentation and comment received, XXX to review.; ;
04/28/2026
; Cure package provided to the borrower; exception downgraded to a 2/B; Cure package is missing a copy of the check, will downgrade upon receipt ; Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC.; no additional documentation was uploaded; PCCD provided shows cure however the XXX cure package was not included, provide LOE, copy of check and proof of delivery to downgrade; PCCD provided shows cure however the XXX cure package was not included, provide LOE, copy of check and proof of delivery to downgrade
04/28/2026
Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041676
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
TILA Right of Rescission Test
Documentation Required: The disbursement date of XX/XX/XXXX is on or before the cancel by date on the ROR listed as XX/XX/XXXX. Proof of actual disbursement date is required to resolve or a cure package requires PCCD, LOE, new ROR providing XXX days right to cancel. The Mortgage/Deed of Trust is missing. The Disclosure Tracking Summary provided in loan file reflects the Revised CD was received on XX/XX/XXXX. This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.
; Comment received, XXX to review.; Per closer funded on the XXX, we closed on the XX/XX/XXXX it funded XX/XX/XXXX I am unsure where the failure is? This loan failed the TILA right of rescission test; ; ;
04/08/2026
PCCD and Mortgage provided; exception resolved; PCCD and Mortgage provided; exception resolved
04/08/2026
Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041676
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
The Deed of Trust is Missing
The Deed of Trust is Missing Provide MISSING MORTGAGE document.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
The Deed of Trust is Present; Client provided Recorded Mortgage for the subject property. LM Updated.
04/08/2026
Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042684
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Subject transaction closed in an LLC (XXX) Missing all XXX documentation. Articles of organization/Good standing, EIN, W-XXX.
; Documentation received, XXX to review.; Document Uploaded. ; W9 provided for XXX; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
; Certificate of Good Standing and EIN provided. Missing W-XXX executed by LLC. ; Provide a current Certificate of Good Standing dated within XXX days of the Note date, along with a copy of the EIN documentation.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043424
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing current lease agreement for Unit XXX of subject property
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Documentation is sufficient. Lease Agreement provided. Exception resolved.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043424
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Property determined to be unique. Subject is a XXX unit property, but contains XXX. Appraiser did not address three XXX in a XXX unit property.
; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
The issue with the property has been resolved.; Appraisal updated. Addresses XXX in second unit. ; XXX to review.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045211
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Missing the XXX consent form.
Please note that this was escalated as far as we can go. XXX consent will be required to cure this finding. If unable to cure, please advise if loan to be withdrawn. DD to reopen finding; The signed interXXX deed should be treated as a consent ; XXX has reviewed and escalated with DD, Compliance, and outside council - XXX Consent is required; ; Document Uploaded. ; Seller Rebuttal has been reviewed by XXX Compliance and determined that XXX Consent is required. In community property States still potentially entitled to an interest in the property, this opens the lien up to potential unenforceability. - DD to reopen finding; Seller rebuttal in review with XXX compliance. Property located in XXX - community property State. DD to reopen finding pending review.; Please be advised that the spouse not on the Note, also as per the Deed, XXX XXX XXX "the borrower " a married woman as her sole and separate property, nothing is needed, please review and clear the condition;
04/14/2026
Property Title Issue Resolved; Client provided InterXXX Transfer Grant Deed. LM Updated.; XXX consent is still required even though we have a transfer Grant Deed. Finding has been reopened. ; Property Title Issue Resolved; Client provided InterXXX Transfer Grant Deed. LM Updated.
04/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 42.25% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.25% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044339
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing Missing the Business Purpose Affidavit/Disclosure
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Business Purpose Affidavit/Disclosure;
04/27/2026
Business Purpose Affidavit/Disclosure Provided. Exception resolved.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.55% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.55% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
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D
D
A
A
B
B
A
A
B
B
A
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B
A
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B
A
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B
A
A
409044339
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; Please waive for B grade. XXX has granted an exception. COMP FACTORS: • FICO XXX • LTV 64.55% • Experienced XXX ;
04/01/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX • LTV 64.55% • Experienced XXX
04/01/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 64.55% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.55% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042411
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042059
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Property
Subject property appraisal is not on an as-is basis (Primary Value)
Primary Value Subject Property Appraisal is not on an As-Is Basis Property is currently considered ineligible as appraisal was completed "subject to" without the benefit of a completion report.
; Documentation received, XXX to review.; Document Uploaded. ; 1004D provided ; Document Uploaded. ; ;
04/17/2026
Primary Value Subject Property Appraisal is completed on an As-Is Basis or XXX; Client provided 1004D for the subject property dated XX/XX/XXXX. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044645
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/30/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Cure required: Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The following fees were included in the calculation: Loan Origination Fee XXX Underwriting Fee $XXX. It appears lender originated loan as Non QM.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX Comp Factors: Points and Fees Less than XXX%; XXX% DTI; XXX per montXXXth residual income; XX/XX/XXXX mos PITIA reserves; XXX FICO; No mortgage lates in last XXX months; 66.54% LTV. Note to Seller - Please be aware lock updated with pricing impact for exception approval. XXX price adjustment for exception approval; Exception approved with XXX hit to price. Seller to please acknowledge update to pricing. ; ; Document Uploaded. Please find XXX compliance report, exceeded just a XXX above XXX% but still below XXX% - requesting an exception please. ; Documentation and comment received, XXX to review.; ; Please push back. This is a DSCR loan and it does not comply with TRID. ; Comment received, in XXX review.; This is DSCR loan and does not comply with TRID/RESPA. Please waive this condition. ; Comment received, XXX to review.;
04/23/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Points and Fees Less than XXX%; XXX% DTI; XXX per montXXXth residual income; XX/XX/XXXX mos PITIA reserves; XXX FICO; No mortgage lates in last XXX months; 66.54% LTV.; Subject is a primary residence and qualified with bank Statements. this is not a DSCR loan; Subject is a primary residence and qualified with bank Statements. this is not a DSCR loan
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.54% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.54% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044645
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Less than XXX months of asset Statements provided for XXX account.
; Document Uploaded. Gift Letter XXX to UW - Uploaded and Sent to DD for review; XXX account #XXX is not borrowers account. Exception to be reviewed for undocumented gift funds.; ; Document Uploaded. Please find XXX Statement. Borrower had sufficient funds verified for closing and reserves and was not aware they could come from another party - please request an exception. ; Documentation and comment received, XXX to review.; ; Can we please request for an exception on this condition? ; DD to reopen. - XXX month provided for XXX. No Statement provided for XXX #XXX; ; Document Uploaded. Funds are coming from proceeds of this loan transaction. Please see XXX final settlement Statement. Please waive this condition. ; Documentation and comment received, XXX to review.;
04/23/2026
Client approved an exception to guidelines to allow for XXX month of bank Statements for XXX account when guideline requirement is XXX months. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 66.54% LTV; XXX FICO; XX/XX/XXXX mos PITIA reserves; XXX% DTI; XXX per montXXXth residual income. ; XXX to review.; Reopened for XXX to review. ; Provide most recent XXX mos bank Statements for XXX #XXX due to the copy of check dated XX/XX/XXXX supports funds used which is supported by the Post Closing Final Closing Disclosure -> uploaded document has no association to this transaction.
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.54% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.54% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044645
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for the XXX XXX Expanded bank Statement program v12
Documentation received, XXX to review.; Document Uploaded. Please find XXX Business Narrative. ; ; Documentation and comment received, XXX to review.; Document Uploaded. Please see XXX business purpose cert; business narrative is not required as this is a DSCR loan. ;
04/09/2026
Business narrative received. ; Business Narrative is required to explain business operations and support expense analysis, as this transaction utilized the XXX Expanded XXX month bank Statement program -> uploaded document has no association to this transaction.
04/12/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.54% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.54% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044645
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Credit Report Fee. A COC dated XX/XX/XXXX was provided with no specific reason given. It appears that an updated credit report was run on XX/XX/XXXX, which would exceed timing requirements for a red-disclosed fee on XX/XX/XXXX.
; Document Uploaded. Apologies as I mixed this up with another file. Please find XXX revised CD and COC which were in the credit package already (pg XXX-XXX); the credit fee increase was addressed on the COC. ; Documentation and comment received, XXX to review.; ; ; Thank you. Yes please push back as this is a DSCR loan. ; Comment received, in XXX review.; This is a DSCR loan and is not TRID/RESPA compliant. Please waive this condition.; Comment received, XXX to review.;
04/10/2026
Valid COC due to credit supplement provided; exception resolved; Subject is a primary residence and qualified with bank Statements. this is not a DSCR loan and is subject to TRID requirements; Per the XXX and signed notarized occupancy affidavit, in file the transaction is a refinance of a primary residence alternative document XXX month bank Statement income loan subject to full compliance testing. Please provide valid COC's or cure package. Exception XXXs.
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.54% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.54% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409044199
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/27/2026
Rescinded
XXX
Credit
Borrower Contributions Do Not Met Guideline Minimum
Percent of Borrowers Funds for Down Payment of XXX% does not meet guideline minimum XXX% Guidelines allow for gift funds to meet the XXX% requirement for LTV less than XXX% primary residence.
; Please review and rescind. Borrower is not a FTHB; LTV is less than XXX no minimum borrower contribution is required.;
04/06/2026
Borrower contribution met.
04/06/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 70.86% exceeds Guideline LTV of 70% XXX% > XXX% max LTV allowed per guidelines. B1 meets guideline requirements as a XXX time XXX and max 70% LTV allowed. The appraisal reflects a deed transfer on XXX for XXX and States the subject sold on XXX for $XXX. HUD in file dated XXX shows the borrower's business did a cash out refi on the property. XXX XXX Expanded DSCR guidelines reflects a property owned < XXX months, use the lesser of the cost basis or appraised value. Audit used XXX as prior purchase price as indicated on the appraisal which resulted in the LTV exceeding guidelines.
; ; Document Uploaded. ; ; Exception approved for LTV over guidelines. ; ; ;
04/21/2026
Updated condition status to Waived per XXX policy. ; Guidelines State the maximum LTV is 70%. The subject loan closed at XXX% exceeding guidelines. However, a credit exception was approved for the higher LTV of 70.86%. Acknowledged and downgraded.; XXX to provide Exception Approval.; Provide a copy of the Final Closing Disclosure or Settlement Statement to confirm the purchase price, along with documentation of property improvements supported by receipts or other verifiable evidence. This is required to support the use of the XXX cost basis/appraised value in accordance with XXX DSCR guidelines, as the maximum allowable LTV for XXX‑time XXX is XXX%
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
C
B
A
A
D
A
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The final application reflects XXX year at the primary residence. The VOR only reflects rental history from XXX (XXX months). Provide a most recent XXX month housing history with along with no more than XXX and a corrected application if applicable.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/15/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not XXX present.; Updated VOR received.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
C
B
A
A
D
A
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Satisfactory Chain of Title not Provided
Unsatisfactory Chain of Title provided The appraisal reflects a deed transfer on XXX and a non-arm's length sale on XXX. Provide a XXX month chain of title.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/08/2026
Satisfactory Chain of Title has been provided
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
C
B
A
A
D
A
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041501
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing HUD-XXX Closing Statement
Provide final HUD for the purchase of the subject property dated XXX.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/02/2026
Review of settlement Statement was the cashout refinance of the subject property dated XXX mos from this transactions Note date.
04/02/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
C
B
A
A
D
A
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041540
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046075
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Less than XXX months of asset Statements provided for XXX accounts ending in XXX and XXX
; ; DD to waive for B Grade. As long as minimum of XXX month Statements documented for assets used to qualify fine to proceed without second month with review with XXX Team. Comp Factors: XX/XX/XXXX mos PITIA reserves; XXX% DTI; XXX FICO; No Mortgage lates in last XXX months.; Please review and advise on an exception;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XX/XX/XXXX mos PITIA reserves; XXX% DTI; XXX FICO; No Mortgage lates in last XXX months.
04/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046075
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. The eSigned documents consent is missing. Although the loan documents were wet signed by the borrower, the appraisal report was issued via electronic XXXl. An eConsent is required acknowledging the receipt of loan documents via electronic XXXl. Provide an eConsent dated on or before XX/XX/XXXX.
Document Uploaded. Please see XXX, kindly request a rush review on that last condition since that already took more than usual. TY; Documentation received, XXX to review.; Update made XX/XX/XXXX - Evidence of appraisal delivery reviewed, however, exception for electronic consent XXXs. The eSigned consent disclosure is missing, appraisal was provided electronically. Under XXX(a)(XXX), appraisals provided in electronic form must comply with consent provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act).; Document Uploaded. We have the XXX proof of delivery and that what we also provided for the appraisal, please see XXX and kindly advise ,; Documentation and comment received, XXX to review.; ; Documentation received, XXX to review.; we have the proof of the appraisal delivery and the appraisal waiver, this is not an HPML loan, also there is no rules for e-sign consent since the appraisal was sent via XXX and we have the proof, also was never a problem with any of our XXX. Please be advised that this is the last condition open on this file, kindly rush review and clear it ; ; Document Uploaded. Please be advised that there is no rule that an e-consent must be provided if the appraisal was sent via XXX. Also, please find XXX appraisal waiver signed by the borrower. ; Documentation and comment received, XXX to review.; Updated Condition. ; All the disclosure is wet signed, nothing is missing since noting was e signed. Please review and clear the condition; DD to review seller comments "All the disclosure is wet signed, nothing is missing since noting was e signed. Please review and clear the condition";
04/23/2026
Evidence of eConsent is provided.; Evidence of appraisal delivery reviewed, however, exception for electronic consent XXXs. The eSigned consent disclosure is missing, appraisal was provided electronically. Under XXX(a)(XXX), appraisals provided in electronic form must comply with consent provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). ; Under XXX(a)(XXX), appraisals provided in electronic form must comply with consent provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). The appraisal was provided via XXX and evidence of consent was not provided. eConsent is required. ; Appraisal may be delivered to the consumer in electronic form subject to compliance with consumer consent per CFPB. §1002.14 Rules on providing appraisals and other valuations; (5) Copies in electronic form. The copies required by § XXX(a)(XXX) may be provided to the applicant in electronic form, subject to compliance with the consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) (XXX U. XXX et seq.).; Although no documents were e-signed the appraisal was delivered via XXX and requires consent to receive documents electronically. Please provide e-consent on or before XX/XX/XXXX.
04/24/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
C
B
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046075
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/27/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Compliance report was not provided. Lender did not provide ATR/QM Status Determination.
; Documentation received, XXX to review.; Document Uploaded. The compliance report was on the legal package page XXX to XXX and please see XXX;
04/08/2026
  
04/08/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
C
B
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046124
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing XXX months of bank Statements. XXX XXX # XXX is file are Asset Report summaries. Income and DTI amounts may change when XXX months bank Statements submitted and reviewed.
; ; Fine to proceed with XXX as documentation as long as minimum of XXX months documented to qualify borrower. Accepted by FNMA. Seller guidelines allow but not specifically address in XXX expanded guides. Discussed with XXX team on previous sellers loans and fine to accept XXX. Can downgrade for B Grade if required but does meet requirements for asset Statement. Comp Factors: XXX% DTI; XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves;
04/15/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX% DTI; XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves
04/15/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046124
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
MISSING MORTGAGE Statements for XXX XXX and XXX. This may affect DTI.
; Document Uploaded. taxes, insurance and HOA (on appraisal) for XXX Lenore ; ; Documentation and comment received, XXX to review.; Document Uploaded. XXX is a new mortgage that does not have any payments due until XX/XX/XXXX - either way it is owned in an LLC and note in an LLC - XXX - we have a supplement instead of the mortgage Statement - see XXX. Updated current rating is on the refresh report. ;
04/14/2026
; Provide property tax and homeowner’s insurance documentation for XXX, Unit XXX as PITI was included in borrower qualification. Notes were received for a 1st mortgage XXX and a 2nd mortgage ($XXX), which do not indicate that the loans are consolidated for the XXX property.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046124
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete Missing revised sales contract or addendum stating down payment is XXX not $XXX.
; Documentation received, XXX to review.; Document Uploaded. See XXX. The XXX deposit was documented and in the file as regular funds sent to escrow for closing ;
04/13/2026
purchase Contract Doc is complete.
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
B
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046124
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Rescinded
XXX
Credit
purchase is not considered to be an Arm's Length Transaction
purchase is not considered to be an Arm's Length Transaction The Originator is related to the borrower, they are cousins.
; Per XXX Expanded Guidelines: The following non-arm’s length transactions are eligible: Originator is related to the borrower;
04/06/2026
; Meets guideline requirements for NAL.
04/06/2026
  
D
B
A
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046124
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Waived
XXX
Credit
Application Profile Missing
Business Narrative missing.
; DD to waive for B Grade. Seller does not require. Reviewed on previous loans with XXX team and fine to proceed without pending update to variance. Comp Factors: XXX% DTI; XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves;
04/06/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX% DTI; XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves
04/06/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041507
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary. Provide missing Final XXX
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/21/2026
Documentation is sufficient. XXX provided. Exception resolved.; Approval/Underwriting Summary is fully present
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041507
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/30/2026
Resolved
XXX
Credit
Satisfactory Chain of Title not Provided
Unsatisfactory Chain of Title provided Missing chain of title verification to meet XXX month ownership seasoning requirement. XXX when borrower purchased property.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/21/2026
Documentation is sufficient. Warranty Deed provided proving more than XXX months ownership. Exception resolved.; Satisfactory Chain of Title has been provided
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041819
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; ; Document Uploaded. Please see requested W-XXX for XXX; Documentation received, XXX to review.;
05/01/2026
Received W-XXX for XXX. Exception Resolved.
05/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 26.32% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 26.32% is less than Guideline LTV of 70%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041819
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Hazard Insurance Policy is Missing
Missing Hazard Insurance Policy Provide subject property HOI policy.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX HOI Binder; ;
04/20/2026
Hazard Insurance Policy is fully present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 26.32% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 26.32% is less than Guideline LTV of 70%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041819
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage
; Document Uploaded. Please see XXX HOI Binder which includes Rent Loss Insurance coverage, also confirmed in XXX XXX from XXX; Documentation received, XXX to review.;
04/20/2026
Rent Loss Coverage Present
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 26.32% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 26.32% is less than Guideline LTV of 70%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Majority of the deposits received are via wires. Provide documentation to support the following deposits are business related: XXX on XXX, XXX on XXX, XXX on XXX, XXX on XXX, XXX on XXX and XXX on XXX.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Review of business narrative States import/export logistics which supports counter credits; condition cleared.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/29/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Provide CPA LOX that indicates use of business funds for closing will not affect business.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Asset Record XXX Meets G/L Requirements; Provide an updated CPA letter addressing whether the use of business funds will negatively impact the business. This documentation is required for additional validation of the information provided.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Borrower 2 Photo Identification not provided
Borrower 2 Photo Identification not provided. The loan file contains XXX Dept of Public Safety Temporary Permit valid until XXX for B2. The DL #, issuance and expiration dates do no match the information captured on the Patriot Form. Provide ID that matches the Patriot Form.
; ; ; Document Uploaded. ;
04/08/2026
Photo Identification provided.; Client States: Rebuttal: The XXX Public Safety Temporary Permit is collected by us ahead of closing. The Patriot Act Information Form is completed at closing. The form is the collection of the information that is required by the Patriot Act. I was signed by the Escrow Officer verifying she personally viewed the information she collected and verified that it is accurate on the form. This meets the requirements of the Patriot Act. LM Updated.
04/08/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046084
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 80% exceeds Guideline LTV of 75% FMHL variance has max LTV of 75% for Investment purchase transactions.
; Document Uploaded. DD to review exception approval and clear for B Grade. Comp Factors: XXX Expanded Guidelines Allow 80% LTV; XXX PITIA Reserves; XXX FICO; No Mortgage Lates in XXX months; XXX% DTI.; XXX may consider Exception - Outside of Variance but within LTV for XXX Expanded Program.;
04/17/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX Expanded Guidelines Allow 80% LTV; XXX PITIA Reserves; XXX FICO; No Mortgage Lates in XXX months; XXX% DTI.; Audited LTV of 80% exceeds Guideline LTV of 75%; Correction: LTV exceeds FMHL variance, which is not allowed. Finding has been reopened. ; Audited LTV of 80% is less than or equal to Guideline LTV of 80%; Received confirmation from XXX team that 80% LTV is acceptable in this instance. Finding is resolved.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046084
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Less than XXX months of bank Statements were provided for XXX account XXX and XXX account XXX
; ; DD to waive for B Grade. Seller obtains only XXX month Statement to document assets. Discussed on other files with XXX team and fine to proceed as long as minimum of XXX month bank Statement documented for assets used to qualify pending update to variance. Comp Factors: XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves; XXX% DTI;
04/07/2026
Asset qualification does not meet guidelines. Client approved an exception to guidelines to allow for XXX month of bank Statements. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; No Mortgage Lates in last XXX months; XX/XX/XXXX mos PITIA reserves; XXX% DTI.; Asset Qualification Meets Guideline Requirements.
04/07/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043780
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/07/2026
Required Affiliated Business Disclosure Documentation Provided.
04/07/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044609
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing business entity documentation: Certificates of formation, Operating agreement, Certificate of good standing from State of organization, EIN documentation, and W-XXX signed by LLC.
; Documentation received in XXX review.; Document Uploaded. ;
04/08/2026
Client provided Certificate of Organization, Articles of Organization, Certification of Beneficial Owner(s), Operating Agreement, IRS EIN Assignment and SOS of XXX Certificate of Good Standing. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044609
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing
; Documentation received, XXX to review.; Document Uploaded. ;
04/08/2026
The Final 1003 is Present; Client provided Final 1003 for B1 and B2. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044609
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received in XXX review.; Document Uploaded. ;
04/08/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Executed Business Purpose & Occupancy Affidavit. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing XX/XX/XXXX payment for XXX acct #XXX
; ; Documentation received, XXX to review.; Document Uploaded. Feb and Mar satatements;
04/28/2026
Lender provided the XXX and XXX XXX Statements. ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not XXX present.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.8% is less than Guideline CLTV of 114.75%
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 114.75% exceeds Guideline LTV of 75% Per XXX DSCR v13 guidelines, If the subject property has been owned for less than twelve XXX months, the LTV/CLTV/HCLTV ratios must be based on the lesser of: The cost basis (defined as the original purchase price plus documented improvements made after the purchase of the property), or, The current appraised value of the property. Documented improvements must be supported with receipts or equivalent verifiable documentation. Subject property was purchased on XX/XX/XXXX for XXX and the note date is XX/XX/XXXX. The appraiser States the subject was completely renovated, and the photos confirm recent XXX, but no additional supporting documentation was provided.
; ; Document Uploaded. DD to waive for B Grade. Exception Approved. Please update to Appraised Value for Effective value. Comp Factors: Property Tenant Occupied; XXX FICO; XXX DSCR; XX/XX/XXXX mos PITIA reserves; Experienced XXX.; Post close exception has been approved. Please note there will be XXX adjustment to pricing for exception approval.;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose. FICO XXX / XXX DSCR / XX/XX/XXXX months PITIA Reserves / Property Tenant Occupied and Experienced XXX.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.8% is less than Guideline CLTV of 114.75%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX DSCR v13 guidelines require two months of bank Statements to verify assets. There is a print out for XXX account #XXX dated XX/XX/XXXX - XX/XX/XXXX
; ; Documentation received, XXX to review.; Document Uploaded. XXX mos for #XXX;
04/28/2026
XXX months bank Statements provided. Condition cleared. ; Asset Record XXX Meets G/L Requirements Or XXX.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.8% is less than Guideline CLTV of 114.75%
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX DSCR v13 guidelines require two months of bank Statements to verify assets. There is a Statement and print out for XXX account #XXX dated XX/XX/XXXX - XX/XX/XXXX
Documentation received, XXX to review.; Document Uploaded. See XXX 2nd month Statements; XXX months Statements required per guidelines. If unable to cure, please advise for possible exception waiver review.; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Asset Record XXX Meets G/L Requirements; XXX DSCR v13 guidelines require two months of bank Statements to verify assets. There is a Statement and print out for XXX account #XXX dated XX/XX/XXXX - XX/XX/XXXX.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.8% is less than Guideline CLTV of 114.75%
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043848
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Loan program disclosure
Missing W-XXX form for LLC
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
W-XXX received.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.8% is less than Guideline CLTV of 114.75%
C
B
B
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Compliance
Missing HUD-XXX Closing Statement
Final HUD-XXX Document is estimated. Please provide final Settlement Statement.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Final Settlement Statement provided for review. Finding is resolved.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing Rent Loss Insurance covering a minimum of XXX months for the subject property for the greater of in-place or market rent during disruption.
; ; Please waive due to pending variance. COMP FACTORS: • FICO XXX • DSCR >XXX • LTV XXX ;
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; DSCR >XXX; LTV XXX
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Final HUD-XXX Document is Missing
Final HUD-XXX Document is Missing
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Final Settlement Statement provided for review. Finding is resolved. ; Final HUD-XXX Document is not missing or estimated only.; Final HUD-XXX Document is not missing.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70%
D
B
D
A
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045566
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Please waive due to pending Variance. Comp factors: COMP FACTORS: • FICO XXX • DSCR >XXX • LTV XXX ;
04/20/2026
Client approved an exception to guidelines for missing escrow account. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX • DSCR >XXX • LTV XXX
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046132
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review; Document Uploaded. Please see XXX business purpose cert.;
04/08/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Borrower Certification of Business Purpose. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046132
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/27/2026
Resolved
XXX
Credit
Title Document Missing
Title Document is missing Missing copy of title commitment.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX Commitment and Policy.;
04/08/2026
Title Document is fully Present; Client provided Commitment for Title and Short Form Residential Loan Policy. LM Updated.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046132
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Property has been listed for sale in the past XXX months
For information only: The subject was listed for sale in the amount of XXX The listed expired XX/XX/XXXX. Lower of appraised value or list price must be used per XXX DSCR v13 guideline requirement. List price of XXX used for XXX.
04/01/2026
Provided for information only.
04/01/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045631
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of bank Statement was provided for XXX bank account XXX
; DD to waive for B Grade. Seller obtained only XXX month Statement. Fine to proceed as long as minimum of XXX month provided for assets used to qualify. Comp Factors: XXX FICO; No Mortgage lates in XXX months; XXX% DTI; XX/XX/XXXX mos PITIA reserve; XXX per month residual income.; Requesting an exception on this condition please. ;
04/08/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; No Mortgage lates in XXX months; XXX% DTI; XX/XX/XXXX mos PITIA reserve; XXX per month residual income.
04/08/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042126
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/15/2026
Required Affiliated Business Disclosure Documentation Provided.
04/15/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042611
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/31/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130 Cure Required.  Refund in the amount of $XXX; cure package requires a PCCD, LOE,  and Copy of Refund Check, or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Income Tax Verification fee. The COC dated XX/XX/XXXX was not accepted because it did not provide enough information to determine if this was a valid COC. Please provide a more detailed explanation for the increase to determine if this was a valid change.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042611
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/30/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Required Affiliated Business Disclosure Documentation Provided.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409044611
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
; Documentation provided is sufficient. Exception resolved.
04/23/2026
  
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045453
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Incomplete
Borrower 1 Credit Report is XXX Present. Page XXX of XXX is provided for credit report showing the scores only. Please provide page XX/XX/XXXX for the missing credit report pages.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
Borrower 1 Credit Report is not XXX present.; Client provided Full Credit Report. LM Updated.
04/10/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.39% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 48.39% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041746
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/29/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Business Purpose Affidavit/Disclosure Provided
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042267
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; ; Please waive for Grade B (XXX guides) comp factors- DSCR XXX Score XXX XXX Assets;
04/10/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX Score XXX XXX Assets.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042267
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing the recent lease agreement within the last two XXX months for the Vacant unit #XXX.
; Comment received, XXX to review.; There is no current lease for unit XXX as it is vacant.; ;
04/10/2026
unit XXX as it is vacant, which is permitted per guidelines.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042267
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The Final 1003 does not list all of the real eState owned by the borrower. Additional properties owned are indicated per the fraud report in file.
; Comment received, XXX to review.; All the properties listed on the fraud report show properties are listed on the Trust which doesn't require to be listed on the 1003. ; ;
04/10/2026
The Final 1003 is Present
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045239
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045438
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044161
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Desk review is provided by XXX, which is not recognized on XXX DSCR v13 guidelines as an approved provider.
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Property/Appraisal Meets Guidelines; Property/Appraisal guideline violation: ; Client provided XXX CDA. LM Updated.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
A
A
D
A
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044161
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/29/2026
Resolved
XXX
Property
Appraisal is Missing
Appraisal is Missing.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Appraisal is Present or is Waived
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
A
A
D
A
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044161
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Appraisal and Desk review are not in file.
Documentation received, XXX to review.; Document Uploaded. ;
04/08/2026
Third party valuation product provided within tolerance.; Provide either a Collateral Desk Review (CDA) or Consolidated Collateral Analysis (CCA), which are approved third party vendors for desk reviews.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
A
A
D
A
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044624
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
The issue with the property has been resolved.; Photos provided confirm water heater straps have been installed. Finding is resolved. ; One or more issues or defects with the property have been discovered. The appraiser noted that the water heater does not have earthquake straps, which are required.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044624
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification the following mortgages are current XXX #XXX; XXX Mtg #XXX; XXX #XXX & #XXX. Mortgage Statements provided disclose XX/XX/XXXX payments made for all properties. Subject loan closed XX/XX/XXXX. XXX DSCR v13 guidelines require housing history reflect XXX.
; ; Please review and rescind. Mortgage history is only required on primary res and subject for DSCR loans. IF a mortgage on another property is reporting as late, it must be considered in the analysis, but if not reporting, no need for VOM. With regard to this primary res - XXX #XXX is reporting as of XX/XX/XXXX and the loan closed in XX/XX/XXXX, so reporting is current.;
04/15/2026
Housing History Meets Guideline Requirements;
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044689
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045955
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Mutual Funds require two months most recent Statements. One month Statement missing.
; ; DD to waive for B Grade. Fine to proceed as long as minimum of XXX month Statement documented for assets used to qualify. Comp Factors: XXX FICO; XXX Mos PITIA reserves; 64.11% LTV; XXX DSCR; ; Comment received, XXX to review.; Please review and advise on an exception;
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX Mos PITIA reserves; 64.11% LTV; XXX DSCR ; XXX to review for seller's exception request.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045955
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser to clarify Unit XXX rear window sill and trim displays loose chipping/peeling paint that appraiser considers minor and posing no health or safety hazard and did not recommend repairs; please provide an estimated cost to cure for the chipping paint.
Documentation and comment received, XXX to review.; Document Uploaded. Please see XXX revised appraisal showing the cure less thank $XXX; ; Estimated Cost to cure was requested with finding. If unable to obtain - XXX may review for exception and may impact pricing. DD to reopen finding.; Comment received, XXX to review.; as per the condition, no repair needed since it is consider minor, please review and waive the condition;
04/13/2026
The issue with the property has been resolved.; Client provided Updated Appraisal with comment: REAR WINDOW SILL AND TRIM DISPLAYS LOOSE CHIPPING/PEELING PAINT. THE CONDITION IS CONSIDERED MINOR AND POSE NO HEALTH OR SAFETY HAZARD HE CONDITION IS PURELY COSMETIC AND DOES NOT AFFECT THE SAFETY, SOUNDNESS OR STRUCTURAL INTEGRITY OF THE PROPERTY (COST TO CURE; LESS THAN $XXX) APPRAISER IS NOT RECOMMENDING ANY REPAIRS. THIS APPRAISAL REPORT IS MADE "AS IS". LM Updated.; ;
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045955
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Borrower 2 Credit Report is Missing
Borrower 2 Credit Report is Missing. Borrower 2 Credit Report is Missing.
Documentation received, XXX to review.; Document Uploaded. Please see XXX; ; Comment received, XXX to review.; There is only one borrower on this file, please review and clear the condition;
04/13/2026
Borrower 2 Credit Report is not missing.; We have an application signed by XXX and XXX, and both parties signed the Note as individuals and as trustees of the XXX and XXX Living Trust. We have XXX borrowers on this loan.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043515
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary. Missing the Approval/Underwriting Summary.
Documentation received, XXX to review.; Document Uploaded. please see XXX;
04/09/2026
Approval/Underwriting Summary is fully present; Client provided XXX LM Updated.
04/11/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 58.9% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.9% is less than Guideline CLTV of 70%
B
A
B
A
B
A
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041688
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044044
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX; XXX to review for Exception;
04/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA Reserves; XXX DSCR.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 21.23% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 21.23% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042287
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Provide Inquiry LOX for XXX on XXX reflected on the XXX credit report.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/10/2026
Lender provided the inquiry letter showing no new debt.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042287
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines The bank Statements reflects a total of XXX Overdrafts and XXX NSF in the past XXX months with XXX in the past XXX months which violates guidelines that no occurrences allowed in the most recent XXX months. Overdrafts may be excluded when the account balance did not report as XXX or negative on the Statement which is the case with the subject loan. More than XXX is considered frequent and requires an underwriter's letter of explanation in the file which evaluates the pattern, timing, corrective actions and nature of the business to determine potential impact on ATR not found in the loan file.
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
Lender provided an LOE for the NSF's. The borrower has been able to meet the obligations of the the subject mortgage. Only XXX% of the deposits used towards income. The overlaps in transactions were timing errors and covered with deposits shortly afterward and only XXX fee in XXX months. Additionally the borrower has set up a cash reserve account to protect in case of overdrafts. ; Income and Employment Meet Guidelines
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042287
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete The subject is a second home, and the Final 1003 indicates Borrower2 will occupy it as a primary residence. Please provide corrected 1003.
; Document Uploaded. ; Documentation received, XXX to review.; ;
04/10/2026
Lender provided a corrected 1003 for Borrower 2.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042906
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043577
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/31/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX.
; Document Uploaded. DD to waive for B Grade. Exception XXX. Comp Factors: XXX% DTI; XXX mos PITIA reserves ($XXX from personal reserves); XXX FICO; No Mortgage Lates in last XXX months.; ATR Standard Loans are not subject to the QM Points and Fees Test (12 CFR XXX(c) and (e)(XXX).;
04/17/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI; XXX mos PITIA reserves ($XXX from personal reserves); XXX FICO; No Mortgage Lates in last XXX months.; Resolved; Resolved
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043577
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination. Compliance Report is missing from the loan file. Lender did not provide ATR/QM Status Determination. Compliance Report is missing from the loan file.
Document Uploaded. XXX Uploaded. DD to review.; Please provide compliance report for review to cure finding (XXX or equivalent) - DD to reopen finding; ATR Standard Loans are not subject to the QM Points and Fees Test (12 CFR XXX(c) and (e)(XXX).;
04/10/2026
  
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043577
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing Missing Document- Affiliated Business Disclosure
; Comment received, XXX to review.; Per DD vendor XXX to review, CEL does not have any affiliates. Thank you. ; ; Documentation received, XXX to review.; Document Uploaded. Per the SSPL XXX CEL does not have any affiliates hence the disclosure would not be required. ;
04/08/2026
Required Affiliated Business Disclosure Documentation Provided.; Privacy policy indicates there is an affiliate, provide an attestation that either the lender has no affiliates or no referral of business was made to an affiliate
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042478
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
XXX DSCR v13 guidelines require copy of formation documents including Articles of Organization and certificate of good standing. Missing said documentation for XXX LLC.
Documentation received, XXX to review.; Document Uploaded. was included with original package. Shows XXX%; ; Documentation received, XXX to review.; Document Uploaded. please see XXX;
04/17/2026
; Provide a copy of the fully executed Operating Agreement evidencing the borrower’s minimum XXX% ownership interest and outlining the governing provisions for management and operation of the business.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.95% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.95% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043886
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of bank Statements provided for XXX account XXX and XXX account XXX
Documentation and comment received, XXX to review.; Document Uploaded. See XXX additional Statements and the source of large deposits. XXX-XX/XX/XXXX Source of large deposit $XXX XXX Bank-XX/XX/XXXX Source of large deposit for XXX ;
04/22/2026
Received additional, consecutive Statements for XXX and XXX along with sources of large deposits in each account. Exception Resolved.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409040472
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Please waive for B grade. XXX has granted an exception. COMP FACTORS: • Low LTV XXX • Excellent credit history • DSCR >XXX ;
04/29/2026
; Per client - Please waive for B grade. XXX has granted an exception. COMP FACTORS: • Low LTV XXX • Excellent credit history • DSCR >XXX - Acknowledged
04/29/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 30.86% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 30.86% is less than Guideline LTV of 70%
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409041565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
  
04/02/2026
Client approved an exception to guidelines to allow for non-escrowed DSCR loan. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: low LTV, sufficient reserves in savings account to cover escrows, and excellent credit history.
04/02/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 30.86% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 30.86% is less than Guideline LTV of 70%
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042333
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042904
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing letter of explanation
The purchase contract reflects EMD of $XXX. The final CD reflects EMD of $XXX. The loan file contains proof of a XXX EMD check written to XXX XXX for the subject property on XXX and cleared the account on XXX. The loan file contains an additional XXX EMD check written to XXX XXX for the subject property on XXX and cleared the account on XXX. The purchase contract only accounts for the XXX EMD and the final CD only reflects XXX EMD. All documentation should reflect both deposits and the borrower should receive credit for both deposits which may affect funds required to close.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Client States: Yes, originally e received EM in the amount of XXX with option in the amount of $XXX. I termination and release of EM was sent. File was miraculously saved however, selling agent said EM still needed to be returned as the prior contract was terminated and the release was signed. So, we returned said EM and was then provided a new contract with new EM. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX DSCR v13 guidelines require two full months of asset verification. File contains one-month Statements for XXX acct #XXX, #XXX and XXX #XXX.
; ; DD to waive for B Grade. Fine to proceed as long as minimum XXX month Statement documented for assets used to qualify. Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX DSCR; Experienced XXX; No Mortgage Lates in XXX mos; Please review and advise on an exception ;
04/27/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XXX DSCR; Experienced XXX; No Mortgage Lates in XXX mos.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Waived
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification all XXX mortgages disclosed on the credit report dated XX/XX/XXXX are current. The mortgages are currently due for XX/XX/XXXX and XX/XX/XXXX per mortgage Statements. The subject loan closed XX/XX/XXXX and XXX DSCR v13 guidelines require housing history reflect XXX.
; Document Uploaded. DD to waive for B Grade. Exception approval XXX. Comp Factors: Borrower experienced XXX; XXX FICO; XXX mos PITIA reserves; XXX DSCR; ; XXX to review for exception. Please note there maybe impact to pricing. - DD to reopen finding; Per the underwriter, DSCR only require mtg history for primary and subject. This is a purchase and the primary is owned free and clear, this should not be a requirement.; All payments would need documented XX/XX/XXXX payments made on time for all reported mortgage accounts with note date. If unable to cure please notify XXX, may obtain credit supplements for reported accounts to cure. DD to reopen finding.; we have a multiple mortgage history and all of them XXX, please review and clear the condition ;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XXX DSCR; XXX to review for exception ;
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Subject pictures reflect security bars on several windows and only two of the windows show security bar release. Provide verification all windows with security bars have release latches.
; Documentation and comment received, XXX to review.; Document Uploaded. Please see XXX. The bedrooms are the only rooms that require security bar releases, appraiser shows photos of the release latch for the bedroom. ; Appraisals uploaded are for XXX & XXX XXX - not subject property.; ; Documentation received, XXX to review.; Document Uploaded. See XXX revised appraisal - pg XXX.; Documentation received, XXX to review.; Document Uploaded. Please see XXX revised appraisal. ;
04/21/2026
Upon further review, for the subject property, the bedrooms are the only rooms that require security bar releases, appraiser shows photos of the release latch for the bedroom. ; Provide verification all windows with security bars have release latches for the subject property at XXX XXX, XXX, XXX, XXX; uploaded report does not reflect the correct property address.; Document Uploaded appears to be for a different file.; Document Uploaded appears to be for a different file.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts XXX fraud report reflects additional properties not disclosed on the Final 1003 (XXX XXX). Provide updated Final 1003 disclosing all properties owned by borrower.
; Escalated for review; this is a DSCR loan, please review and waive the condition;
04/21/2026
All Fraud Report Alerts have been cleared or None Exist; Per XXX Expanded DSCR v13 Guidelines, the borrower is only required to disclose the primary residence, subject property, and any property with a mortgage that is reporting on the credit report. Finding is resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the appraisal review fee. The fee changed on CD issued XX/XX/XXXX without a valid COC. Although a COC dated XX/XX/XXXX as provided, the reason for the change was not valid. Providing a valid reason for the change may cure the violation.
Change in circumstances must be properly documented. Please provide documentation to confirm. ; Please see the SSR's already in the file. The report was XX/XX/XXXX and had a risk score above XX/XX/XXXX which requires a CDA to be ordered which was then redisclosed on XX/XX/XXXX for XXX;
04/21/2026
Valid COC provided; exception resolved ; Valid COC provided; exception resolved
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.05% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.05% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. The subject property is a second home, and the Declarations section of the Final 1003 indicates the borrower will occupy it as a primary residence. A corrected Final 1003 is required.
Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
The Final 1003 is Present
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.05% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.05% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041538
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded bank Statement program v12
; Please waive for Grade B (not required for XXX)- Comp factors XXX% DTI, 59% LTV< score of XXX
04/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI, 59% LTV< score of XXX
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.05% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.05% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046384
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX XXX DSCR guidelines require XXX months of bank Statements for asset verification. XXX checking XXX only has XXX month Statement. Please provide second month Statement for XXX
; ; DD to waive for B Grade. Seller obtains only XXX month Statement to document assets. Reviewed with XXX team on other loans and fine to proceed as long as minimum of XXX month Statement documented for assets used to qualify pending update to variance - Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX DSCR;
04/15/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX mos PITIA reserves; XXX DSCR
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046384
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Required Executed W-XXX for LLC per XXX XXX DSCR guidelines. Executed W-XXX only provided for Member. Please provide the required business entity documents mentioned for review.
Documentation received, XXX to review.; Document Uploaded. W9;
04/14/2026
Client provided Executed W-XXX for the Borrower and Business XXX. LM Updated.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
XXX Expanded DSCR v13 guidelines State: For refinance transactions, XXX must be leased at the time of closing and the borrower must provide evidence that the property has been leased. The lease began XX/XX/XXXX, and as of the appraisal date of XX/XX/XXXX, the subject was vacant.
; Documentation and comment received, XXX to review.; Document Uploaded. Property is currently leased and was leased prior to closing. ;
04/09/2026
Client States: The property was vacant when the appraisal was completed XX/XX/XXXX. The XXX were completed and a lease was secured prior to closing. The Final Inspection does show that the bedroom furniture has been moved in. Lease in file is dated XX/XX/XXXX.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045488
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for XXX, LLC. Executed W-XXX received for Member, but W-XXX is required for LLC as well, per XXX XXX DSCR guidelines. Please provide missing Executed W-XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Client provided Executed W-XXX for XXX. LM Updated.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409032347
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive as per below.
04/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX) XXX FICO XXX) XXX DSCR XXX) seasoned XXX.; Waived per client. Client accepts risk for B grade and acknowledges the following three XXX compensating factors for this purpose: XXX) XXX FICO XXX) XXX DSCR XXX) seasoned XXX.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409032347
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Please waive - XXX has granted exception - COMP FACTORS: • FICO XXX • DSCR XXX • Seasoned XXX ;
04/10/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: • FICO XXX • DSCR XXX • Seasoned XXX.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409045398
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser to comment on the appearance of two large puddles of water in the pictures of the basement of the subject. Is this due to a pipe issue or just from the rain outside? Was there anything noticeable necessitating repair (pipe leak, crack in foundation) and if so, please provide a cost to cure?
Documentation received, XXX to review.; Document Uploaded. UPDATED APPRAISAL REPORT;
04/13/2026
The issue with the property has been resolved.; Updated appraisal received addressing property issues.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045398
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for XXX, LLC. Executed W-XXX received for Member, but W-XXX is required for LLC as well, per XXX XXX DSCR guidelines. Please provide missing Executed W-XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Client provided Executed W-XXX for XXX. LM Updated.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal fee on the XX/XX/XXXX initial Closing Disclosure. According invoice appraisal ordered XX/XX/XXXX and per appraisal completed XX/XX/XXXX. The COC in the file does not provide a valid reason for the increase as under estimation is not a valid reason.
; ; Documentation received, XXX to review.; Document Uploaded. Refund docs to the client uploaded for review;
04/22/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042358
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
03/31/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/08/2026
Required Affiliated Business Disclosure Documentation Provided.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24.64% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 24.64% is less than Guideline LTV of 90%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042419
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. File is short funds for reserves. Documented funds were $XXX. Funds to close were $XXX. This left XXX available post-closing and reserves required were $XXX. Borrower is short XXX in post-closing reserves.
; Exception approved for short reserves- XXX Score, XXX mortgage history since XXX 75% LTV (qualifies for XXX%).; ; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX Score, XXX mortgage history since XXX 75% LTV (qualifies for XXX%).; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. File is short funds for reserves. Documented funds were $XXX. Funds to close were $XXX. This left XXX available post-closing and reserves required were $XXX. Borrower is short XXX in post-closing reserves.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042419
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) File is short funds for reserves. Documented funds were $XXX. Funds to close were $XXX. This left XXX (XXX months) available post-closing and reserves required were XXX (XXX months). Borrower is short XXX in post-closing reserves.
; Exception approved for short reserves- XXX Score, XXX mortgage history since XXX 75% LTV (qualifies for XXX%).; Requested exception.; ; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX Score, XXX mortgage history since XXX 75% LTV (qualifies for XXX%).; Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) File is short funds for reserves. Documented funds were $XXX. Funds to close were $XXX. This left XXX (XXX months) available post-closing and reserves required were XXX (XXX months). Borrower is short XXX in post-closing reserves.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042672
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report does not show square feet for unit XXX
; Documentation received, XXX to review.; Document Uploaded. Revised appraisal uploaded for review;
04/16/2026
Property/Appraisal Meets Guidelines - corrected appraisal received.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045251
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program.
; ; Please waive invalid cond; Please waive for Grade B- Comp factors= XXX% DTI, Fico XXX score, XXX months reserves; Please waive for Grade B- Comp factors XXX% DTI, Fico XXX 80% LTV;
04/27/2026
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI, Fico XXX score, XXX months reserves.; Exception requested from seller. XXX to review.; Please provide written approved exception including comp factors for downgrade. Thank you.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
B
B
B
B
B
B
A
A
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042711
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Flood Certificate XXX Provided
Flood Certificate is XXX Provided The Flood zone on the certificate (XXX) does not match the zone on the appraisal (XXX)
; Documentation received, XXX to review.; Document Uploaded. Hello- we got great news! The appraiser was willing to update their cert # to match the flood cert. I have XXX the revised and it is also now available in the appraisal eFolder. ; Documentation and comment received, XXX to review.; Document Uploaded. Per FLS, the map panel listed on the flood cert is correct. The XXX half or XXX four digits, represent the community number XXX and the second half represents the map panel location (540900J). The nearest participating community in the NFIP is XXX which isn't always in the same location as the home. Therefore, the correct panel is XXX.
04/17/2026
Lender provided the corrected zone on the appraisal. Condition cleared.; Lender provided evidence the Flood zone on the certificate (XXX) is correct. Please provide a corrected zone on the appraisal.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.71% is less than Guideline LTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046381
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Suburban Area per appraisal; XXX DSCR; XXX FICO; No Mortgage Lates in last XXX months; Post Close Exception Approved. Please note there will be XXX adjustment to pricing.; Not addressed on FMHL variance so will defer to XXX Expanded Guidelines.. Exception Entered for allow XXX rural property. XXX to review. Please note maybe impact to pricing. DD to reopen finding; Not listed on the XXX overlay sheet. Not an FM requirement & UW to FM guidelines. Should be no reason for this condition. ; XXX determines rural properties from XXX link listed in XXX DSCR guidelines. Exception able to be reviewed on case by case basis for XXX rural designated properties. Please note there maybe impact to pricing. - DD to reopen finding.; The appraisal shows as Suburban.;
04/22/2026
Waived per client. Client accepts risk of B grade and acknowledges the following compensation factors for this purpose: Suburban Area per appraisal; XXX DSCR; XXX FICO; No Mortgage Lates in last XXX months.; Reopened for XXX to review. ; Reopened for XXX to review.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046381
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
03/31/2026
Resolved
XXX
Credit
The Final 1003 is Missing
  
Condition in review by UW. Update pending; a Final 1003 is not needed on DSCR per guidelines ;
04/21/2026
The Final 1003 is Present; The Final 1003 is Missing.; The Final 1003 is Missing.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046381
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing W-XXX for XXX, and Certificate of Good Standing.
Documentation received, XXX to review.; Document Uploaded. W9 AND COGS;
04/10/2026
W9 and Cert of Good Standing received.
04/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046058
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing required CPA letter justifying use of less than XXX% expense ratio for XXX XXX Expanded Bank Statement program, Lender used XXX% which exceeds the maximum of XXX%
; DD to waive for B Grade and confirm income calculation using XXX% expense factor. Approved exception XXX. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA reserves; No Mortgage lates in last XXX months; XXX years XXX. Note to Seller: Please note there is a pricing hit of XXX for exception approval.; Document Uploaded. ; Post close exception has been approved with a pricing hit of XXX for exception approval. ; Expense factor is less than program min of XXX% - Exception in review by XXX. Please note there maybe impact to pricing if able to approve.; Documentation received, XXX to review.; the attestation form was in the package and just reuploaded more thank a week ago, please advise ; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX and that was in the credit package;
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XX/XX/XXXX mos PITIA reserves; No Mortgage lates in last XXX months; XXX years XXX.; Per XXX XXX Expanded guidelines, minimum expense ratio is XXX% XXX to review for use of lower expense ratio then permitted per guidelines.; Client provided Tax Professional Attestation reflecting the Business Expense Factor of XXX% However, XXX Expanded GL State: A 3rd Party Tax Preparer or CPA prepared P&L that covers the same time frame as the bank Statements, is required UNLESS the fixed expense ratio is used for qualifying as listed below. (Expense factor can never be less than XXX%). The expense factor of XXX% is lower than the XXX% lowest.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046058
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Seller compliance report is missing Lender did not provide ATR/QM Status Determination.
; Documentation received, XXX to review.; Document Uploaded. The DocMagic loan detail report was on the legal package and please see XXX;
04/09/2026
  
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
B
A
C
B
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046185
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 157.14% exceeds Guideline LTV of 75% Per XXX DSCR v13 guidelines, If the subject property has been owned for less than twelve XXX months, the LTV/CLTV/HCLTV ratios must be based on the lesser of: The cost basis (defined as the original purchase price plus documented improvements made after the purchase of the property), or, The current appraised value of the property. Documented improvements must be supported with receipts or equivalent verifiable documentation. Subject property was purchased on XX/XX/XXXX for XXX and the note date is XX/XX/XXXX. The appraiser States the subject was completely renovated, and the photos confirm, but no additional supporting documentation was provided aside from a documents titled "List of Updates" which is also identified to be an estimate of work for the subject dated XX/XX/XXXX in the amount of XXX
; ; Document Uploaded. DD to waive for B Grade. Exception XXX - DD please update LTV off appraised value for LTV calculation. Comp Factors: - only XXX days short of XXX month seasoning requirement - FICO XXX - XXX mos reserves (cash out proceeds) - 54% LTV (based on current appraised value) - DSCR > XXX; XXX to review for exception.; this should not require a variance This loan is UW to FM guidelines subject to XXX overlays. The LTV calculation noted below is not listed on XXX overlays & is not part of FM guidelines. It is acceptable to use current appraised value per pg XXX of FM guidelines. please also note that ARR review included in the file which supports the value.; Please indicate if exception request for finding as this is not covered in FHML variance - Please note there maybe impact to pricing.; Comment received, XXX to review.; This loan is UW to FM guidelines subject to XXX overlays. The LTV calculation noted below is not listed on XXX overlays & is not part of FM guidelines. It is acceptable to use current appraised value per pg XXX of FM guidelines. please also note that ARR review included in the file which supports the value. ; ;
04/28/2026
Client approved an exception to guidelines to allow for the use of the appraised value for LTV calculation. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: only XXX days short of XXX month seasoning requirement - FICO XXX - XXX mos reserves (cash out proceeds) - 54% LTV (based on current appraised value) - DSCR > XXX.; Exception Report provided. Per client, "Post Close Exception: Appraised value requested for LTV calculation. Property purchased in last XXX months. Audited LTV of 157.14% exceeds Guideline LTV of 75% Per XXX DSCR v13 guidelines, If the subject property has been owned for less than twelve XXX months, the LTV/CLTV/HCLTV ratios must be based on the lesser of: The cost basis (defined as the original purchase price plus documented improvements made after the purchase of the property), or, The current appraised value of the property. Documented improvements must be supported with receipts or equivalent verifiable documentation. Subject property was purchased on XX/XX/XXXX for XXX and the note date is XX/XX/XXXX. The appraiser States the subject was completely renovated, and the photos confirm, but no additional supporting documentation was provided aside from a documents titled "List of Updates" which is also identified to be an estimate of work for the subject dated XX/XX/XXXX in the amount of $XXX."; Reopened for XXX to review for exception; FM Overlays do not indicate a variance to The current appraised value of the property. Therefore, LTV exceeds guidelines based on XXX XXX guidelines.
04/28/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.66% is less than Guideline CLTV of 157.14% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.66% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409046185
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: The Desk Review is from XXX, which is not an approved vendor per XXX DSCR v13 guidelines, and it is not addressed in the FMHL variance.
; ; Document Uploaded. DD to waive for B Grade. Exception XXX. Comp Factors: - only XXX days short of XXX month seasoning requirement - FICO XXX - XXX mos reserves (cash out proceeds) - 54% LTV (based on current appraised value) - DSCR > XXX; ; ; XXX approved vendors are XXX and XXX. Please provide CDA or CCA to have condition cured. XXX is not approved vendor with XXX. - DD to reopen finding.; per FM guidelines, this is an acceptable appraisal review ; ;
04/28/2026
Client approved an exception to guidelines to allow for the use of an unapproved vendor for desk review. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: only XXX days short of XXX month seasoning requirement - FICO XXX - XXX mos reserves (cash out proceeds) - 54% LTV (based on current appraised value) - DSCR > XXX.; Exception Report provided. Per client, "Post Close Exception: Appraised value requested for LTV calculation. Property purchased in last XXX months. Audited LTV of 157.14% exceeds Guideline LTV of 75% Per XXX DSCR v13 guidelines, If the subject property has been owned for less than twelve XXX months, the LTV/CLTV/HCLTV ratios must be based on the lesser of: The cost basis (defined as the original purchase price plus documented improvements made after the purchase of the property), or, The current appraised value of the property. Documented improvements must be supported with receipts or equivalent verifiable documentation. Subject property was purchased on XX/XX/XXXX for XXX and the note date is XX/XX/XXXX. The appraiser States the subject was completely renovated, and the photos confirm, but no additional supporting documentation was provided aside from a documents titled "List of Updates" which is also identified to be an estimate of work for the subject dated XX/XX/XXXX in the amount of $XXX." ; Reopened as requested
04/28/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.66% is less than Guideline CLTV of 157.14% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.66% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409045395
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for XXX, LLC. Executed W-XXX received for Member, but W-XXX is required for LLC as well, per XXX XXX DSCR guidelines. Please provide missing Executed W-XXX.
; ; W9 uploaded - DD to review; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
; W-XXX provided
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Desk review was performed by XXX which is not an approved provider for XXX XXX Expanded program
Documentation received, XXX to review.; Document Uploaded. CCA appraisal review ; ; Approved Vendors for XXX are XXX and XXX. Please provide CDA or CCA or CU score of XX/XX/XXXX or less for review for secondary validation - DD to reopen finding for cure to be uploaded.; XXX is acceptable per FMHL guidelines ;
04/23/2026
Property/Appraisal Meets Guidelines; Client provided XXX Desk review. LM Updated.;
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Subject vested in LLC which is not permitted for XXX XXX Expanded Program
; meets FM guidelines; ; Documentation received, XXX to review.; Document Uploaded. LLC docs; Exception maybe considered once formation and entity documents provided for review.;
04/16/2026
FMHL allows LLC borrowing entities per variance. Finding is resolved. ; Client provided Certificate of Formation, Short Form Standing (Good Standing) and Executed W-XXX for XXX. Property Title Issue Subject vested in LLC which is not permitted for XXX XXX Expanded Program.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Subject vested in LLC which is not permitted for XXX XXX Expanded Program, some LLC documentation was provided but missing Articles of Organization, proof of good standing, and LLC W-XXX
Documentation received, XXX to review.; Document Uploaded. W9, COGS AND ARTICLES OF ORGANIZATION ENCLOSED ;
04/14/2026
Client provided Certificate of Formation, Short Form Standing (Good Standing) and Executed W-XXX for XXX. LM Updated.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded program v12
; DD to waive for B Grade. Seller does not obtain. Reviewed with XXX team on other seller files and fine to provide to waive pending update to variance. Comp Factors: XXX FICO; XXX% DTI; XXX Mos PITIA reserves;
04/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX% DTI; XXX Mos PITIA reserves
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042322
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042105
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042514
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043766
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Less than XXX months of bank Statement were provided for the following accounts: XXX XXX XXX XXX XXX XXX XXX
; Waive for B grade - COMP FACTORS: • FICO XXX • DSCR >XXX Experienced XXX; XXX reviewing for exception; Comment received, XXX to review.; For the assets can we please ask XXX for an exception. We only require XXX month bank Statement; ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: • FICO XXX • DSCR >XXX, Experienced XXX; Comment received, XXX to review.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043766
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade; COMP FACTORS: • FICO XXX • DSCR >XXX Experienced XXX; XXX reviewing for exception; Documentation and comment received, XXX to review.; Document Uploaded. For impounds we do not require an impound acct on DSCR loans; ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: • FICO XXX • DSCR >XXX, Experienced XXX; Documentation and comment received, XXX to review.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043766
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX%
; Please waive for B Grade - COMP FACTORS: • FICO XXX • DSCR >XXX Experienced XXX; XXX reviewing for Exception; Documentation and comment received, XXX to review.; Document Uploaded. The interested Party we allow XXX% See XXX XXX for IPC details ; Interested Party can contribute up to XXX%;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: • FICO XXX • DSCR >XXX, Experienced XXX; Documentation and comment received, XXX to review.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043831
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
The subject loan purpose is investment cash-out. The loan files contains a letter from the borrowers stating that the cash-out proceeds will be used for the down payment on the purchase of a primary residence.
;
04/08/2026
QM status updated from Exempt and TRID testing has been completed. Finding is resolved.
04/08/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX%
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045986
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing Lease Agreement
The XXX reflects that the subject is tenant occupied, however the XXX does not reflect the current rental income. Appraisal images reflect personal property indicating that the home is occupied. Lender guidelines requires The lower of in-place rent and market rent rom XXX whichever is lower be used to calculate the DSCR. Guideline further States that for refinance transactions XXX must be leased at the time of closing and the borrower must provide evidence that the property has been leased. Loan file is missing the lease agreement for the subject property.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Lender provided the lease agreement for the subject property dated XX/XX/XXXX in the amount of XXX a month.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 33.76% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 33.76% is less than Guideline LTV of 65%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046077
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044207
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/01/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
XXX XXX  - HOI provided only shows how much the insurance increased, not the full cost. Documentation provided does not match XXX per month. Please provide full HOI for property with annual premium and any other expenses totaling XXX per month.
; Documentation and comment received, XXX to review.; Document Uploaded. • HOI: XXX per month, Taxes: $XX/XX/XXXX=XXX per mo, No HOA; ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041717
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Subject closed on an LLC. Operating Agreement, Certificate of good standing and LLC W-XXX was not provided
; Documentation received, XXX to review.; Document Uploaded. ; ; ; Rebuttal -LOX ; Documentation received, XXX to review.; Document Uploaded. ;
04/30/2026
Client States: when the business’ status is active, that is a Certificate of Good Standing. The cert just verifies the same thing that the printout I provided does, which is that all fees have been paid for the LLC and the status is active. If the fees weren’t paid, the status would show “pending inactive”, but instead it shows active. The business is in good standing. However, XXX States: Certificate of good standing from State of organization (if legal entity borrower which was formed more than XXX months prior to origination date). Please provide Certificate of Good Standing.; Per XXX XXX DSCR guidelines, Operating documents including operating agreement, XXXhip agreement and bylaws. Certificate of Good Standing (or printout from website showing good standing, not screenshot) and Executed W9 by LLC are required.; Client States: Operating Agreement is not required for XXX, COGS must be purchased, so instead I've XXX a current printout, showing the LLC is active, which is good standing and IRS verified EIN is enclosed, which is what the W9 form is a request for. All documents provided. Still need Certificate of Good Standing.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043884
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043696
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
PUD Rider is Missing
PUD Rider is Missing.
; Documentation received, XXX to review.; Document Uploaded. ; Please confirm if correction affidavit is acceptable. ; If the DOT is incorrect would you accept a correction affidavit to include the PUD rider?; ;
04/17/2026
The PUD Rider is Present or is XXX (XXX is XXX). Lender provided a revised Appraisal changing from PUD to SFR.; Correction affidavit with evidence that the Mortgage is being corrected and re-recorded required.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Lender approved exception for secondary self-employment with less than XXX years in business and be able to use the income from XXX. Business opened XX/XX/XXXX < XXX days shy of owning business for XXX years. Compensating factor: Borrower owns 1st business for over XXX yrs.
; ; ; Borrower has 297k in assets- will have at least XXX in reserves post close. XXX months shy of XXX years owning Unique heavy towing. DTI of XXX%
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose Borrower has 297k in assets- will have at least XXX in reserves post close. XXX months shy of XXX years owning Unique heavy towing. DTI of XXX%; Please provide additional compensating factors for this exception (at least XXX more).
04/21/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Loan has escrow holdback. No proof it was released provided in file
Final CD reflects an escrow holdback of XXX under the Seller paid section. XXX XXX Guidelines v12 does not allow escrow holdback unless it has been disbursed and a certification of completion has been issued prior to purchase by XXX.
Document Uploaded. Per Title Company there are no funds in escrow; ; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Title ledger provided showing no escrow holdback. ; XXX to review.
04/21/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046739
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts Sellers fraud report reflects additional properties not disclosed on the Final 1003 (XXX XXX W; XXX XXX; and XXX XXX). Additionally, Property details report provided within the file shows XXX XXX is owned by borrower's business. Provide updated Final 1003 disclosing all properties owned by borrower.
;
04/09/2026
All Fraud Report Alerts have been cleared or None Exist; Received additional guidance from XXX XXX Team: Only the subject, primary, and any properties that have a mortgage on borrower's credit report are required to be disclosed on 1003. All alerts on the fraud report are cleared. Finding is resolved.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043477
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044691
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Money Market, Checking, and Savings accounts require two XXX months most recent Statements. Additional monthly Statements needed for XXX # XXX XXX # XXX and XXX # XX/XX/XXXX.
; DD to waive for B Grade. Fine to proceed as long as minimum of XXX month bank Statement provided to document assets used to qualify. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA Reserves; No Mortgage Lates in XXX months.; Requesting an exception on the bank Statements please. ;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XX/XX/XXXX mos PITIA Reserves; No Mortgage Lates in XXX months.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044691
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Desk Review is provided by XXX, which is not recognized on XXX DSCR v13 guidelines as an approved provider.
Documentation received, XXX to review.; Document Uploaded. Please see XXX CDA from XXX. ;
04/10/2026
  
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044674
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer shows appraisal was provided on XX/XX/XXXX. Closing date is XX/XX/XXXX. Appraisal was not provided to borrower at least XXX days prior to the closing date. The file did not contain a waiver of the right to receive the appraisal at least XXX days prior to consummation
Documentation received, XXX to review.; Document Uploaded. Copy of Notice of Right to Receive a copy of Appraisal. ; ; ; Documentation received, XXX to review.; Appraisal Acknowledgement provided.; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Evidence of appraisal delivery provided.; Please provide signed Waiver of the right to receive the appraisal at least XXX days prior to consummation or evidence the appraisal was delivered at least XXX days prior to closing. The XXX documents show the appraisal was delivered XXX days prior to closing and is not sufficient to clear exception. ; Evidence confirming a copy of the appraisal was provided to the consumer shows appraisal was provided on XX/XX/XXXX. Closing date is XX/XX/XXXX. Appraisal was not provided to borrower at least XXX days prior to the closing date. The file did not contain a waiver of the right to receive the appraisal at least XXX days prior to consummation
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043762
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Verification of Borrower Liabilities Missing or Incomplete
XXX) Credit Inquiry LOE States new debt with XXX; however, no documentation in file to support debt. XXX) Missing documentation of new HELOC w/XXX supporting the monthly a payment of $XXX.
Documentation and comment received, XXX to review.; Document Uploaded. XXX XX/XX/XXXX Heloc documents in PXXX are sufficient for XXX condition. Payment is correct at XXX and is borrower is being hit with payment on current residence. Ok to send to XXX.;
04/22/2026
Client provided Settlement Statement for XXX XXX, HELOC Agreement and Closing Information reflecting XXX XXX. LM Updated.
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043762
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing LOE regarding large deposit to XXX #XXX on XX/XX/XXXX for XXX
Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Documentation is sufficient. Invoices and LOE provided. Exception resolved.; Income and Employment Meet Guidelines
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045421
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; This is on p XXX of original upload. Please review and rescind.;
04/09/2026
  
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045421
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Waived
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. The Final 1003 does not list all of the real eState owned by the borrower.
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX / Experienced XXX / Excellent housing ;
04/09/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / Experienced XXX / Excellent housing.
04/09/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409040517
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX #XXX Business funds were used as assets. Business assets require a copy of the full Operating Agreement or Official documentation from the bank substantiating that the applicant is an authorized signor and has access.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/17/2026
Asset Record XXX Meets G/L Requirements Or XXX.; Client provided Articles of Organization of XXX reflecting the Borrowers as Organizers. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45.45% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.45% is less than Guideline CLTV of 75%
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043063
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Escrow account required on DSCR loans.
; Please waive for B grade. Comp factors: FICO XXX; DSCR >XXX; XXX history ;
04/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX; DSCR >XXX; XXX history
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043064
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
The intent and/or status of the borrower's occupancy is not supported in the file. Investment purpose loan and appraisal identifies the property to be XXX occupied. Need corrected appraisal.
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Intent of borrower's occupancy supported
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Required Affiliated Business Disclosure Documentation Provided.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing proof XXX Borrower has minimum XXX% ownership of XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
  
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Borrower 1 CPA Letter Missing
Borrower 1 CPA Letter Missing Missing proof CPA/third party prepared the most recent filed returns.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Borrower 1 CPA Letter Provided
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
Evidence of appraisal delivery provided.
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043269
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Income documentation does not meet guidelines
The XXX XXX Expanded P&L Only program requires the CPA/third party who prepared the borrower's most recent filed returns must provide current/active license or certifications. Missing third party preparer’s current/active license or certifications.
; Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
  
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044035
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% XXX XXX DSCR guidelines only allow XXX% Interested Party Contributions or XXX Seller Credit on Final CD is XXX which is XXX over allowable Interested Party Contribution per guidelines. Lender exception granted for XXX% Seller Credit. Approved exception in file, but no compensating factors are noted on the request form or the approval.
; Exception was approved for this, please waive- Loan amount < max by $12M; FICO XXX points higher than min; reserves exceed min by XXX mos.;
04/10/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following four XXX compensating factors for this purpose: Loan amount < max by $12M; FICO XXX points higher than min; reserves exceed min by XXX mos.; Please provide compensating factors.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044035
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for LLC as required per XXX XXX DSCR guidelines.
; Document Uploaded. uploaded signed by b1 and b2; Documentation received, XXX to review.; ;
04/10/2026
W-XXX received
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044054
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Subject property has a garage conversion with a bedroom, XXX, and a separate entrance. No documentation to support the addition was permitted.
; ; Documentation received, XXX to review.; Document Uploaded. Revised Appraisal XXX.; ;
04/21/2026
Property/Appraisal Meets Guidelines; Client provided Updated Appraisal reflecting comments: The subject property is a garage conversion. It has been updated including siding, paint, electrical fixtures, plumbing fixtures, roof, gutters, engineered wood flooring, tile, XXX counter tops, custom tile backsplash, appliances, renovated baths and paint. No adverse conditions were noted at inspection. The floor plan appeared to be functional. The client also provided File No. XXX reflecting Permits used in XXX. LM Updated.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045009
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
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A
A
A
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A
A
A
A
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A
A
A
A
A
A
A
A
409045323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. Primary residence is listed as owned on Final 1003, but not listed in REO. Per guidelines, borrower can have no more than XXX day mortgage late in the last XXX months. Need to verify if the primary residence is financed and one of the mortgages showing on the credit report. Please provide a revised Final 1003 with the primary residence in the REO.
Documentation received, XXX to review.; docs; ; Documentation received, XXX to review.;
04/21/2026
The Final 1003 is Present; Please provide a copy of the fully executed lease agreement for the primary residence at XXX XXXr., evidencing monthly rent of XXX and include a Verification of Rent (VOR) documenting a XXX payment history. Additionally, provide a payment history for the previous residence since the borrower(s) only residedn in their current residence for XXX mos -> documentaiton is required to comply with XXX DSCR guidelines <-
04/22/2026
  
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraisal was made as is, but with the following needed repairs noted (including pictures of the affected areas) paint exterior as needed due to chipping XXX replace and paint damaged wood as needed XXX replace drawer face in XXX and remove wallpaper and paint XXX as needed XXX for a total cost to cure of XXX The last sale of the property was XX/XX/XXXX (XXX days before this appraisal XX/XX/XXXX) and it sold for XXX and the property went on to appraise for XXX with no significant repairs noted as having been completed but instead a list of repairs that were still needed. The appraiser notes that the XX/XX/XXXX sale was not listed on MLS and details could not be verified. XXX the reason for the increase from XXX to XXX in just XXX months.
Documentation received, XXX to review.; Document Uploaded. docs; Evidence of repair was not provided on XXX documentation. DD had reopened condition on XXX; Documentation received, XXX to review.; Document Uploaded. ; Document Uploaded. ;
04/21/2026
The issue with the property has been resolved.;
04/22/2026
  
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete Missing addendum to note with prepayment penalty terms. Note provided does not indicate loan has a prepayment penalty; however, Final CD indicates a XXX year prepayment penalty applies to the loan. Please provide missing addendum with PPP terms.
Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
The Note is Present
04/17/2026
  
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for LLC as required per guidelines.
Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
  
04/17/2026
  
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045414
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043769
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade: Comp factors: FICO XXX / DSCR >XXX / Excellent reserves ; For the escrows can you please push back as we do not require an escrow acct. Can we get an exception on this. ; ; ;
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX / Excellent reserves
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043769
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX DSCR v13 guidelines require two months of bank Statements when verifying assets. Most recent bank Statements have been provided; however, XXX acct#XXX is missing the prior month bank Statement for XXX-XXX, XXX
; Please waive for B grade: Comp factors: FICO XXX / DSCR >XXX / Excellent reserves ; For the bank Statements we also only require XXX month bank Statements not XXX.;
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX / Excellent reserves
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047001
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045301
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% A lender exception was approved for seller contribution exceeding XXX% up to XXX% IPC. Compensating factors listed as Experienced XXX. DSCR > XXX and no mortgage late payments.
; ;
04/16/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Experienced XXX. DSCR > XXX and no mortgage late payments.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045301
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/02/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Seller fraud report is missing
Documentation received, XXX to review.; Document Uploaded. please see XXX;
04/13/2026
Third Party Fraud Report is provided
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042583
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Numerous pages of the appraisal are cut off. Please submit a complete appraisal document for review.
; ; ; Documentation received, XXX to review.; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Complete appraisal provided. ; The issue with the property has been resolved.; Client Re-Uploaded the Appraisal with pages cut off. Numerous pages of the appraisal are cut off. Please submit a complete appraisal document for review.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042583
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Lease Agreement
Lender guidelines require XXX to be leased at the time of closing and the borrower must provide evidence that the property has been leased for refinance transactions. The appraisal report State that the subject is tenant occupied, however the current monthly rental income section on the XXX was not completed. The lease agreement provided is illegible as the right half of the pages are cut off. Audit is XXX lease term, lease amount and if the property is currently leased as required.
; Documentation received, XXX to review.; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
  
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042537
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044438
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded bank Statement program v XX/XX/XXXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
  
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044385
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Waived
XXX
Credit
Application Profile Missing
Provide Business Narrative not contained in loan file.
; Please waive for Grade B (not required for XXX)- Comp factors 55.40% LTV, XXX% DTI, XXX score; ;
04/10/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 55.40% LTV, XXX% DTI, XXX score
04/10/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.4% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.4% is less than Guideline CLTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045014
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045776
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required LLC W-XXX for XXX
; Documentation received, XXX to review.; Document Uploaded. W9 for Greentree is XXX;
04/21/2026
Lender provided the W-XXX for XXX. Condition cleared.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045801
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Property Suburban per Appraisal; XXX DSCR; Property is Tenant Occupied; XXX FICO; No Mortgage Lates in last XXX months.; We agree to the price adjustment of -XXX; we kindly request that you waive this condition.; Post Close Exception Approved. Please note there will be XXX pricing adjustment for post close exception; XXX Guidelines verify on XXX - Exception Requested and reviewed on case by case basis. Please note there maybe impact to pricing if able to Approve.; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Property Suburban per Appraisal; XXX DSCR; Property is Tenant Occupied; XXX FICO; No Mortgage Lates in last XXX months.;
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045801
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue XXX XXX Expanded DSCR program requires XXX consent for married borrowers in community property States. Subject located in XXX missing required consent
; ; Escalated to DD; Comment received, XXX to review.; Please note that the borrower's vesting on DOT is “XXX and XXX XXX wife and husband as joint tenants”, the borrower's husband has already signed the Deed of Trust. Furthermore, XXX typically require a XXX Consent Form only for loans that close in the entity; in light of this, could you please waive this condition?;
04/10/2026
Property Title Issue Resolved; The spouse signed the DOT which can be used for consent. ; ; Property Title Issue Resolved
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045801
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Title documentation does not reflect the amount of title coverage.
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
Title Document is fully Present.; Client provided Supplemental Title Report reflecting the proposed insured loan amount is XXX LM Updated.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045801
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. Final 1003 does not list all real eState owned by the borrower (Primary)
; Documentation received, XXX to review.; Document Uploaded. ;
04/10/2026
The Final 1003 is Present; Client provided Updated 1003. LM Updated.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046731
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert The Lenders used property taxes of XXX per month to qualify borrower. FCD & PCCD, although not escrowing, do confirm this amount. The subject is new XXX. Tax rate and updated tax cert value have not been provided.
; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Lender provided the Property Tax Cert. Condition cleared.
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046731
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided (pg XXX) indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Evidence of appraisal delivery provided.
04/09/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046731
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ;
04/09/2026
Evidence of eConsent is provided.
04/09/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
C
A
A
A
B
A
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046733
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Waived
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; XXX Compliance officer has confirmed this can be waived. Comp factors: FICO XXX / Stable job / XXX history ; Any update on this as well ? ; Rebuttal received, XXX to review.; According to law, XXX USC XXX(c)(XXX): Prohibition against kickbacks and unearned fees: - Affiliated Business Disclosure is required to be disclosed withinn three days of application only if Loan Officer/ Company is accepting any fee, kickback, or thing of value pursuant to any agreement or understanding which is a part of a part of a real eState settlement service. This is not the case on this loan. If not accepting any fee, kickback, or thing of value then not needed. Please provide law reference if it's otherwise.; ;
04/22/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / Stable job / XXX history.; Provide an attestation that either the lender has no affiliates or or no referral of business was made to an affiliate
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
B
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409046733
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Verification of Borrower Liabilities Missing or Incomplete
Missing the final CD or HUD for the departing residence which evidences that the property has been sold with payoff of Mortgage debt
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
  
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409046733
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/03/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided (pg XXX) indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Evidence of appraisal delivery provided.
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
A
A
A
B
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042921
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/03/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Fraud Report missing in the file.
Document Uploaded. Fraud report was in file. XXX for your review.; ;
04/09/2026
Lender provided the third party fraud report. No high alerts. ; Third Party Fraud Report is provided
04/10/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044399
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Missing Loan program disclosure
Missing W-XXX for LLC
; Documentation received, XXX to review.; Document Uploaded. Please see XXX W9 for LLC;
04/23/2026
Received W-XXX for LLC. Exception resolved.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044399
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Per XXX DSCR v13 guidelines, Business Funds - Requires a copy of the full Operating Agreement that details ownership of the entity and access to funds in the entity’s bank/brokerage account. -OR- Requires formal or official documentation from the bank substantiating that the applicant is an authorized signor and has access to business account funds. Missing for XXX Bank acct #XXX.
; ; Document Uploaded. Please waive for Grade B- Cross Country allows for a CPA letter confirming use of business assets- XXX LOE and evidence of ownership of business. XXX score, 70% LTV, XXX months reserves;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX score, 70% LTV, XXX months reserves
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044399
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report shows subject property is currently rented, page XXX shows XXX Occupied. Supplemental addendum comments State subject property was renovated, page XXX does not have XXX comments.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX revised appraisal and SSRs.; ; ;
04/23/2026
Property/Appraisal Meets Guidelines; Client provided Updated Appraisal, Freddie Mac SSR and FNMA SSR. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045362
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045516
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045554
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045709
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Borrower 2 Personal Bank Statements Missing
Borrower 2 Personal Bank Statements Missing The Asset Depletion program requires assets to be seasoned for XXX months. The loan file contains XXX months Statements. Provide additional, consecutive XXX months Statements to document seasoning. XXX XXX accounts all missing XXX months of Statements. Also of note, income worksheet has IRA accounts listed as XXX% and XXX XXX Expanded Alt Doc Guidelines for Asset Depletion indicate retirement assets are only eligible at XXX% Income calculation worksheet shows XXX eligible assets; however, audit calculation is XXX in eligible assets with XXX% IRA balances. This would reduce the calculated income to $XXX.
; ; Please waive for Grade B- XXX guides does not require XXX months seasoning and lower income fits within DTI requirements- comp factors LTV 40.61% LTV, XXX% DTI, Score XXX;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose LTV 40.61% LTV, XXX% DTI, Score XXX
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.61% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.61% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409045709
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Borrower 1 Personal Bank Statements Missing
Borrower 1 Personal Bank Statements Missing The Asset Depletion program requires assets to be seasoned for XXX months. The loan file contains XXX months Statements. Provide additional, consecutive XXX months Statements to document seasoning. XXX XXX accounts all missing XXX months of Statements. Also of note, income worksheet has IRA accounts listed as XXX% and XXX XXX Expanded Alt Doc Guidelines for Asset Depletion indicate retirement assets are only eligible at XXX% Income calculation worksheet shows XXX eligible assets; however, audit calculation is XXX in eligible assets with XXX% IRA balances. This would reduce the calculated income to $XXX.
; ; Please waive for Grade B- XXX guides does not require XXX months seasoning and lower income fits within DTI requirements- comp factors LTV 40.61% LTV, XXX% DTI, Score XXX;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose LTV 40.61% LTV, XXX% DTI, Score XXX
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.61% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.61% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409045709
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Fee on the initial CD dated XX/XX/XXXX. File does contain a COC, however underestimation is not a valid reason for the increase.
; ; Documentation received, XXX to review.; Document Uploaded. Please see XXX PCCD, LOX,, cure check and shipping label. Being shipped today.; ;
04/22/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.61% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.61% is less than Guideline LTV of 75%
D
B
C
B
D
B
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
409041483
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043898
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing executed W9 for the business entity and missing EIN documentation.
; Documentation received, XXX to review.; Document Uploaded. ; Updated condition; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/28/2026
W9 for business provided; Client provided EIN assignment search reflecting XXX-XXX for XXX. Still need executed W-XXX for Business Entity.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043898
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Document Uploaded. ; Please waived- escrow waiver already priced. 70% LTV, score XXX DSCR XXX; ;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose 70% LTV, score XXX DSCR XX/XX/XXXX
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Title commitment dated XX/XX/XXXX has incorrect vesting name of "XXX Family Revocable Living Trust" vs. "XXX Family Revocable Living Trust" as disclosed on the Note and Certification of Trust.
Documentation and comment received, XXX to review.; Document Uploaded. Please see XXX final title policy confirming the correct vesting to be "XXX Family Revocable Living Trust" as disclosed on the Note and Certification of Trust.;
04/10/2026
Property Title Issue Resolved
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Inquiry letter provided addresses inquiries dated > XXX days (XX/XX/XXXX & XX/XX/XXXX). Missing letter of explanation for inquiries within XXX days of note date. Borrower has two credit inquiries dated XX/XX/XXXX.
Documentation and comment received, XXX to review.; Document Uploaded. The inquiry made on XX/XX/XXXX was by XXX which is this mortgage transaction. The other inquiries were all from XX/XX/XXXX and XX/XX/XXXX which were addressed on the XXX LOE that's in the file. ;
04/10/2026
  
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination. Missing ATR/QM status determination.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX compliance report which was also in the legal package. ;
04/10/2026
  
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Deed of Trust provided is missing page XXX
Document Uploaded. Please see XXX; Documentation received, XXX to review.; ;
04/13/2026
The Deed of Trust is Present and Complete
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Missing Trust Agreement
Missing Trust Agreement File only contains Certification of Trust. Missing copy of Trust agreement.
Documentation received, XXX to review.; Document Uploaded. The fully executed certification of trust in the credit package must be sufficient. Please see XXX. ;
04/10/2026
Trust Agreement Meets Guideline Requirements
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044402
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Compliance
Right of Rescission is Missing
Right of Rescission is Missing Documentation required to clear exception: Provide executed Right of Rescission for all borrowers and non-borrowers.
Documentation received, XXX to review.; Document Uploaded. Please find XXX RTC. ;
04/10/2026
Right of Rescission is Provided
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045383
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046096
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; Document Uploaded. DD to waive for B Grade. Exception Approved XXX. Comp Factors: 22.74% LTV; XXX FICO; XXX DSCR; XXX Most PITIA reserves (Cover tax and insurance payments for XXX months) ; XXX to review for exception;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose 22.74% LTV; XXX FICO; XXX DSCR; XXX Most PITIA reserves (Cover tax and insurance payments for XXX months)
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 22.74% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 22.74% is less than Guideline LTV of 75%
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046096
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: The appraisal pdf was corrupted upon upload. Many portions of data on the appraisal have a square where data (such as a number) should be. Please provide a completely legible copy of the appraisal for review.
Document Uploaded. ;
04/09/2026
Property/Appraisal Meets Guidelines
04/12/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 22.74% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 22.74% is less than Guideline LTV of 75%
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045642
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
ASPR DSCR v13 guidelines require escrows for taxes and insurance.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: 62.5% LTV; XXX mos PITIA reserves (Will cover XXX months tax and insurance payments); XXX FICO; No Mortgage Lates in XXX mos.; XXX to review for exception;
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose 62.5% LTV; XXX mos PITIA reserves (Will cover XXX months tax and insurance payments); XXX FICO; No Mortgage Lates in XXX mos.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045642
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/06/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts Seller’s fraud report discloses undisclosed property not listed on the Final 1003 (XXX XXX). Provide updated Final 1003 with all properties owned by borrower.
04/09/2026
All Fraud Report Alerts have been cleared or None Exist; Per XXX XXX guidance, the borrower is only required to disclose the primary residence, subject property, and any property with a mortgage that is reporting on the credit report. This update will be included in version XX/XX/XXXX of the XXX DSCR guidelines. Finding is resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046092
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The Final 1003 reflects Monthly Insurance, Taxes, and Association Dues for borrower's investment property on XXXas XXX per month. Lender has provided documentation for property taxes and hazard insurance, leaving XXX per month not documented, and HOA dues have not been addressed in file.
Documentation received, XXX to review.; Document Uploaded. Please see XXX. ;
04/10/2026
  
04/13/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/07/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Missing Seller's copy of XXX. Lender did not provide ATR/QM Status Determination.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX and that was in the legal package;
04/22/2026
ATR/QM status provided
04/22/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 26.32% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 26.32% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409046217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/08/2026
Waived
XXX
Compliance
Qualified Mortgage Lending Policy Points and Fees Test
This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is XXX or more, and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than XXX but at least XXX and the transaction's total points and fees is XXX which exceeds $XXX; orThe loan amount is less than XXX and the transaction's total points and fees is XXX which exceeds XXX percent of the total loan amount of $XXX. Cure required: Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The following fees were included in the calculation: Mortgage Broker Fee XXX Underwriting Fee $XXX. It appears that lender originated loan as Non QM, however, per client direction, finding will XXX active pending review.
; DD to waive for B Grade. Approved exception XXX. Comp Factors: XXX FICO; XXX% DTI; XXX mos PITIA reserves; 26.32% LTV Note to Seller: Exception Approved with XXX price adjustment.; Exception approved with XXX hit to price. ; ; XXX to review for exception. DD to reopen finding; this is a NQM and the points and fees can go up to XXX% please review and clear;
04/22/2026
Waived per client request. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX% DTI; XXX mos PITIA reserves; 26.32% LTV.; Finding status reopened per XXX request.
04/22/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 26.32% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 26.32% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409046217
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/08/2026
Rescinded
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Per XXX XXX Expanded XX/XX/XXXX guidelines, credit tradelines must meet the following requirements; two tradelines must be open for XXX months and active within the most recent XXX months -or- three tradelines reporting XXX months recent activity. Borrower is a cosigner on one mortgage that they are not making the payments on that has been open for XXX months and borrower has a XXX account open for XXX months with no balance or regular payment history reported. Borrower does not meet the requirements for tradelines per the guidelines.
; ; ; XXX to review for Exception. Pending Review. DD to Reopen Finding; Please review and advise on an exception;
04/22/2026
Borrower has XXX tradelines that meet guideline requirements. Finding is rescinded. ; Tradelines meet Guideline Requirements; reopened for exception review by XXX
04/22/2026
  
C
B
A
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043908
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification the following mortgage is current XXX #XXX credit report reflects DLA XX/XX/XXXX. Subject loan closed XX/XX/XXXX and XXX DSCR v13 guidelines require housing history reflect XXX.
; Documentation and comment received, XXX to review.; Document Uploaded. see XXX memo. the loan in question was sold and transferred to another lender. new soft pull uploaded shows this information. Please clear. ;
04/16/2026
Housing History Meets Guideline Requirements; Client provided new soft pull Credit Report and States: New Soft Credit pull uploaded shows the loan was transferred/sold and paid off in full. Report reflects XXX for Mortgages. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043908
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue MISSING MORTGAGE payoff Statement.
; Documentation and comment received, XXX to review.; Document Uploaded. payoff Statement XXX and was included in original loan file.;
04/16/2026
Property Title Issue Resolved; Client provided mortgage payoff Statement. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043908
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required Tax EIN
; Document Uploaded. ;
04/10/2026
Lender provided the EIN for XXX
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046197
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX account #XXX dated XX/XX/XXXX reflects a large online deposit transfer from checking acct #XXX for XXX on XX/XX/XXXX. Borrower sold a property on XX/XX/XXXX and proceeds received was $XXX. Audit is unable to confirm if this is part of the deposit due to no other documentation was provided and does not equal the XXX deposit in question. Missing bank Statement for checking acct #XXX and verification of deposit.
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Asset Qualification Meets Guideline Requirements.; Client provided XXX bank Statements for account #XXX for XX/XX/XXXX and XX/XX/XXXX. XX/XX/XXXX Statement reflects the deposit of XXX and the transfer of XXX The account is a Trust account. LM Updated.
04/14/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 38.39% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.39% is less than Guideline CLTV of 80%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046197
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Missing Trust Agreement
Missing Trust Agreement Missing copy of Trust Agreement.
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Trust Agreement Meets Guideline Requirements; Client provided Trust Agreement and Certification of Trust. LM Updated.
04/14/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 38.39% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.39% is less than Guideline CLTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041754
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Exception approved for rural finding- DSCR- XXX Score XXX Comps within XXX mile of subject. ; Please waive- property is not rural as identified on appraisal. Not required per XXX guides.; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR- XXX Score XXX Comps within XXX mile of subject.; Exception requested for rural property. Two compensating factors required. ; Property designated as rural per XXX Website. Verified appraisal does not show Rural.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing the housing payment history for the primary residence at XXX
Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Housing History Meets Guideline Requirements
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing. Missing the Business Purpose Affidavit/Disclosure
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Business Purpose Affidavit/Disclosure Provided
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Title Document is XXX Present
Title Document is incomplete or only XXX present. Missing a legible Title document s The data is truncated on the title such as the effective date, policy amount, etc.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Title Document is fully Present.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042520
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Missing explanation and supporting documentation for large deposit(s) to XXX #XXX for XXX on XX/XX/XXXX.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/13/2026
Large deposit source received.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043255
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/08/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. UCDP CU Score of XXX. No CDA provided for review.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/17/2026
Third party valuation product provided within tolerance.; Client provided XXX. LM Updated.
04/17/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing.
Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
The Final 1003 is Present
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.03% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Missing HUD-XXX Closing Statement
  
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
; Final HUD-XXX Document is estimated only. The settlement Statement provided is estimated and not signed, and it shows cash to the borrower. All approval documents contained in the loan file State no-cash out refinance.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.03% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Potential Occupancy/Current Address Issues identified in the file
The intent and/or status of the borrower's occupancy is not supported in the file. The appraisal identifies the subject property to be XXX occupied.
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Intent of borrower's occupancy supported
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.03% is less than Guideline CLTV of 75%
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing.
Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
Business Purpose Affidavit/Disclosure Provided
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.03% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Final HUD-XXX Document is Missing
Final HUD-XXX Document is Missing The settlement Statement provided is estimated and not signed, and it shows cash to the borrower. All approval documents contained in the loan file State no-cash out refinance.
04/10/2026
Duplicate finding. ; ; Final HUD-XXX Document is not missing or estimated only. The settlement Statement provided is estimated and not signed, and it shows cash to the borrower. All approval documents contained in the loan file State no-cash out refinance. ; Final HUD-XXX Document is not missing. The settlement Statement provided is estimated and not signed, and it shows cash to the borrower. All approval documents contained in the loan file State no-cash out refinance.
04/10/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.03% is less than Guideline CLTV of 75%
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043711
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; Please waive for B grade - Comp factors: FICO XXX; DSCR >XXX; XXX history
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX; DSCR >XXX; XXX history
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043758
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of Statements were provided for the XXX and XXX accounts.
; Please waive finding as per previous request, referencing previously Stated comp factors.; ; Please waive for B grade - Comp factors: FICO XXX / DSCR >XXX / LTV 54%; XXX reviewing for exception. Exception pricing implication may apply.; ; ; Please review uploaded docs; Document Uploaded. ; Documentation received, XXX to review.;
04/28/2026
Client approved an exception to guidelines to allow for less than XXX months of bank Statement for asset documentation. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DSCR >XXX / LTV 54%.; Note received to approve exception. XXX to provide written approved exception with comp factors.; Audit has reviewed documentation; Update -> Provide XXX bank Statement for account #XXX covering XX/XX/XXXX - XX/XX/XXXX. The XXX XXX - XXX XXX Statement and online transaction history through XXX XXX were received; however, these do not satisfy the two‑month bank Statement requirement under the XXX Expanded Program guidelines; audit removed XXX and XXX #XXX accounts due to borrower has sufficient funds to close and reserves. ; Provide XXX bank Statement for account #XXX covering XX/XX/XXXX - XX/XX/XXXX. The XXX XXX - XXX XXX Statement and online transaction history through XXX XXX were received; however, these do not satisfy the two‑month bank Statement requirement under the XXX Expanded Program guidelines; audit removed XXX account and borrower has sufficient funds to close and reserves.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043758
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s)
;
04/20/2026
Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043758
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.
; ;
04/20/2026
Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043758
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing.
; Documentation received, XXX to review.; Document Uploaded. ;
04/13/2026
The Final 1003 is Present
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044153
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Missing explanation and supporting documentation for large deposit(s) in XXX #XXX.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/30/2026
Lender provided documentation for the large deposits. The XXX attachment is the Crews Statement #XXX. If you look at page XXX on XX/XX/XXXX the XXX is the Daily balance,(not a large deposit), The 2nd attachment is Crews Statement for XX/XX/XXXX to XX/XX/XXXX. On page XXX the XXX is the daily balance, again not a large deposit. The third attachment is a printout for acct XXX for XX/XX/XXXX, the XXX is from the borrower’s business (XXX). ; Audit reviewed the lender's response. Missing explanation and supporting documentation for large deposit(s): XXX #XXX XX/XX/XXXX XXX #XXX XX/XX/XXXX and XXX #XXX XX/XX/XXXX $XXX.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044153
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Missing XXX months asset Statements for XXX #XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Asset Record XXX Meets G/L Requirements Or XXX.; Client provided XXX months bank Statements from XXX #XXX. LM Updated.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045204
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045389
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041016
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Non-Borrower Title Holder Did Not Receive Right of Rescission Form
Non-Borrower Title Holder Did Not Receive Right of Rescission Form Documentation required to clear exception: Provide executed Right of Rescission for non-borrowers, XXX XXX.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Non-Borrower Title Holder Received Right of Rescission Form
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.76% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.76% is less than Guideline LTV of 90%
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042444
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042822
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/15/2026
Required Affiliated Business Disclosure Documentation Provided.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043200
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. The subject property is zoned SR-1A, Legal Nonconforming (Grandfathered Use) and the appraiser did not comment on the ability to rebuild.
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
The issue with the property has been resolved.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043200
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Borrower does not meet the program requirement of XXX trade lines reporting for XXX months or XXX reporting for XXX months with activity in the last XXX months. XXX approved an exception to guidelines. Missing compensating factors.
; Comp factors Fico XXX experienced XXX- B1 owns XXX other investment properties, Mortgage history on bureau goes back to XXX months reserves; Document Uploaded. Exception approved for tradelines- see XXX. ;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose Fico XXX experienced XXX- B1 owns XXX other investment properties, Mortgage history on bureau goes back to XXX months reserves
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043200
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing Lease Agreement
The subject property is XXX units and the appraisal identifies all XXX units to be tenant occupied. No lease agreements provided for review.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/14/2026
Client provided Lease Agreements. LM Updated.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043416
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Per XXX v12, if the credit report indicates inquiries within the most recent XXX days of the credit report, the seller must confirm the borrower did not obtain additional credit that is not reflected on the credit report or mortgage application. In these instances, the borrower must explain the reason for the inquiry. If additional credit was obtained, a verification of that debt must be provided. The credit report dated XX/XX/XXXX reflected the following inquiries which need to be addressed: XX/XX/XXXX XXX, XX/XX/XXXX XXX, XXX/XXX.
; Documentation received, XXX to review.; Document Uploaded. The XXX /XXX is new debt which is listed on the credit report #XXX. see XXX the disclosure ; ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043873
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX DSCR v13 guidelines require escrows for taxes and insurance.
; Please waive for grade B- Comp factors XXX DSCR, 53% LTV, XXX score;
04/13/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX DSCR, 53% LTV, XXX score
04/13/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.33% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.33% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044167
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Rescinded
XXX
Compliance
Final CD: Loan Disclosures Assumption incomplete or inaccurate
Final CD shows that loan is assumable. Loan is a fixed rate note and is not assumable.
; ;.; Documentation received, XXX to review.; XXX has a strict State law requiring all loans, conventional or otherwise, to be assumable. Please waive.;
05/13/2026
Per XXX law, all loans must be assumable. Proper verbiage in mortgage and note.
05/13/2026
  
D
B
A
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044167
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Per XXX DSCR v13 guidelines, Certificate of Good Standing, no more than XXX days from the note date
; Documentation received, XXX to review.; This is not a valid condition as there was no mortgage on this property prior to the refinance. It was owned free and clear per credit report and title-please waive; The category is CREDIT and the condition name is "Missing Verification of Mortgage" with the description "Certificate of good standing". Was this supposed to be categorized differently? There is a company good standing search in the file we provided dated XX/XX/XXXX and we closed XX/XX/XXXX-this is not a valid condition. I have escalated to our rep. ;
04/29/2026
Received COGS dated within XXX days prior to the Note date. Finding is resolved. ; ; Updating status back to Open per XXX request.
04/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044167
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX DSCR v13 guidelines, escrow account required. XXX payment does reflect.
;
04/10/2026
Client approved an exception to guidelines to allow for non-escrowed loan. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR XXX and XXX months of reserves.
04/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044167
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/07/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report shows the subject property county as XXX. The preliminary title report and deed of trust show it as XXX.
; Documentation received in XXX review.; Document Uploaded. ; ;
04/21/2026
Property/Appraisal Meets Guidelines
04/21/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing Personal Guaranty
Missing Personal Guaranty. Provide Personal Guaranty document.
; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/27/2026
Documentation is sufficient. Guaranty provided. Exception resolved.; Personal Guaranty provided.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Rescinded
XXX
Credit
Income and Employment Do Not Meet Guidelines
Tax preparer LOX in file verifies the borrower's percentage of ownership. Provide verification of the Tax Preparers license. Income and Employment Do Not Meet Guidelines
Comment received, XXX to review.; Why is this required please? The other loan was not conditioned for a copy of the license-the agent number is listed on the CPA letter and this should be sufficient. Please waive.;
04/14/2026
This is not a requirement for XXX XXX DSCR v13 guidelines. Finding is rescinded. ; Verified documentation was not provided in loan file reviewed. Please upload.
04/27/2026
  
D
B
A
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Rescinded
XXX
Compliance
Final CD: Loan Disclosures Assumption incomplete or inaccurate
Final CD shows loan as assumable. Per note, loan is a convention fixed rate loan, which is not assumable.
; Comment received, XXX to review.; XXX State law requires all mortgages be notes as assumable. Please waive;
04/16/2026
Note contains verbiage stating "made pursuant to title XXX subtitle XXX of the XXX commercial law which States loans are assumable. ; While CD indicates loan is assumable, note does not.
04/27/2026
  
D
B
A
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Escrow waiver was approved. ; Comment received, XXX to review.; Loan was locked with a pricing hit for no escrow impounds-why allow the lock, issue the hit if not waiving escrows was not an option?;
04/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR XXX and FICO XXX.; XXX to provide Exception Approval and include XXX comensating factors.; XXX to provide Exception Approval and include XXX comensating factors.;
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Borrower name is XXX XXX. The Articles and W-XXX reflect the borrower name is XXX XXX. Provide re-executed Mortgage.
; ; Document Uploaded. ; ; Document Uploaded. Documentation received in XXX review.;
04/20/2026
The Deed of Trust is Present and Complete; Client provided Updated Note, Deed of Trust and official intent to rerecord Deed of Trust. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
The Note is Incomplete
The Note is Incomplete LLC is incorrect and reads XXX XXX. Articles and W-XXX both reflects XXX XXX.
; ; ; Document Uploaded. Documentation received in XXX review.; ;
04/20/2026
The Note is Present; Client provided Updated Note, Deed of Trust and official intent to rerecord Deed of Trust. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Provide evidence of EIN.
; ; Documentation received, XXX to review; Document Uploaded. ; Comment received, XXX to review.; This was provided on the business W9 within our scanned image. Please waive.; ;
04/17/2026
Client provided Executed W-XXX from XXX XXX LXXX reflecting the EIN XXX-XXX. LM Updated.; Verified documentation was not provided in loan file reviewed. Please upload.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044169
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Income/Employment General
Provide Operating Agreement for business.
; Document Uploaded. ; Documentation received, XXX to review; Comment received, XXX to review.; Within our scanned loan, there was a Corporation Affidavit that outlined workings of the business. Please waive this condition-;
04/17/2026
Client provided Articles of Incorporation and Corporation Affidavit. ; Verified documentation was not provided in loan file reviewed. Please upload.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Condo Rider is Missing
Condo Rider is Missing Condo Rider Missing in this file.
; Document Uploaded. ; Documentation received, XXX to review.; see uploaded; ;
04/24/2026
The Condo Rider is Present; Client provided Recorded Mortgage and XXX Rider. LM Updated.
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.79% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.79% is less than Guideline CLTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045621
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
The Deed of Trust is Missing
The Deed of Trust is Missing Deed of Trust and all applicable Riders are missing.
; Document Uploaded. ; Documentation received, XXX to review.; see uploaded; ; ;
04/24/2026
The Deed of Trust is Present; Client provided Recorded Mortgage and XXX Rider. LM Updated.
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.79% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.79% is less than Guideline CLTV of 80%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045704
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/24/2026
Evidence of eConsent is provided.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045704
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Reserves in the amount of XXX have note been verified.
; Please review and clear finding- borrower had to bring in XXX for closing per CD. XXX account reflected $XXX balance- there are sufficient funds for reserves. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/24/2026
Audited Reserves of XX/XX/XXXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Client provided XXX Statement dated XX/XX/XXXX reflecting a balance of $XXX. LM Updated.; Client provided XXX Statement for account #XXX reflecting XXX balance. Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Reserves in the amount of XXX have note been verified.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045704
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Reserves in the amount of XXX have note been verified.
; Please review and clear finding- borrower had to bring in XXX for closing per CD. XXX account reflected $XXX balance- there are sufficient funds for reserves. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Client provided XXX Checking Statement dated XX/XX/XXXX reflecting a balance of $XXX. LM Updated.; Client provided XXX Statement for account #XXX reflecting XXX balance. Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Reserves in the amount of XXX have note been verified.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045704
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Resolved
XXX
Credit
Assets do not meet guideline requirements
When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Post Close assets are short by $XXX. Please note that per the XXX funds to close are from a secured loan which has not been document.
; Please review and clear finding- borrower had to bring in XXX for closing per CD. XXX account reflected $XXX balance- there are sufficient funds for reserves. There is a transaction history provided that shows the updated balance after the loan was deposited. ; Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
Funds are found to meet guidelines.; Client provided XXX Checking Statement dated XX/XX/XXXX reflecting a balance of $XXX. LM Updated.; Client provided XXX Statement for account #XXX reflecting XXX balance. When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Post Close assets are short by $XXX. Please note that per the XXX funds to close are from a secured loan which has not been document.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045704
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/07/2026
Waived
XXX
Credit
Application Profile Missing
Business narrative form is missing.
; Please waive for Grade B- Comp Factor- DTI XXX Score XXX experienced homeowner. ;
04/15/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DTI XXX Score XXX experienced homeowner.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046162
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045681
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 80% exceeds Guideline LTV of 75% XXX XXX program guideline max LTV is 75% for purchase of an Investment property with FICO score of XXX Audit LTV of 80% exceeds guidelines LTV.
; ; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX% DTI, LTV within XXX Expanded Guidelines.; Document Uploaded. Loan is underwritten to FMHL guidelines; XXX to review for exception. Outside of FMHL Variance but within XXX Expanded Guidelines.;
04/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XXX% DTI, LTV within XXX Expanded Guidelines
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045681
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Audited interested party contribution of XXX% exceeds guidelines maximum of XXX% for Investment properties.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX% DTI, LTV within XXX Expanded Guidelines.; ; Document Uploaded. Loan is underwritten to FMHL guidelines; Post Close Exception in Process - DD to reopen finding; XXX to review for exception. Not addressed in FMHL Variance. ;
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XXX% DTI, LTV within XXX Expanded Guidelines.;
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045681
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Borrower signed as a Type of Party Not Allowed by the Loan Program
XXX XXX Expanded v12/FHML Variance does not allow Business Entity Borrowers. The Note is in the name of XXX XXX XXX LLC.
Escalated to DD - LLC Vesting permitted per FMHL Variance. - DD to review FMHL Variance for XXX Expanded.; Document Uploaded. Loan is underwritten to FMHL guidelines;
04/15/2026
FMHL variance allows LLC borrowing entities. Personal guaranty is contained in the loan file. Fraud report includes criminal search. Finding is resolved. ; Provide a copy of the criminal record search and documentation evidencing the borrower entity’s acknowledgment of a personal guaranty, as both are required by the eligibility variance guidelines. The Guaranty Agreement on file does not specify personal recourse.
04/16/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045681
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Application Profile Missing
Missing Business Narrative required for the XXX Expanded v12 Bank Statement Program.
; DD to waive for B Grade. Seller does not required. Not in seller variance yet but when reviewed with XXX team on other loans from seller, fine to waive pending update to variance. Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX% DTI;
04/14/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX mos PITIA reserves; XXX% DTI
04/14/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042139
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Document Uploaded. Exception approved- please waive. Comp factors- Experienced XXX Score- XXX Excellent credit history, depth of XXX years experience. ;
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX Excellent credit history, depth of XXX years experience.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042139
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Rescinded
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Per XXX DSCR v13 guidelines, All loans require rent loss insurance covering a minimum of XXX months for the subject property for the greater of in place or market rent during disruption. Required XXX months market rent XXX policy coverage shows XXX
; ; Rental loss should be based on XXX months of rent used for qualifying. Rent used of XXX the loss coverage of $120k is sufficient cover.;
04/21/2026
Client States: Rental loss should be based on XXX months of rent used for qualifying. Rent used of XXX the loss coverage of $120k is sufficient cover. XXX x XXX = XXX Loss of Use/Rents XXX LM Updated.
04/21/2026
  
C
B
A
A
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042254
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Approval/Underwriting Summary XXX Provided
Approval/Underwriting Summary XXX Provided. The XXX provided has the wrong loan amount, the wrong mortgage payment and the wrong insurance payment (incorrect PITI). Please provide the final XXX with the correct loan amount and final PITIA for the subject property.
; Documentation received in XXX review.; Document Uploaded. ;
04/17/2026
Approval/Underwriting Summary is fully present
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
B
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042254
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Property is a barndominium home and the property is rural. A Lender Exception was granted with a LOE that borrower is not going to use the property as wedding/business venue. Compensating factors cited are stable XXX and XXX months of liquid reserves.
;
04/17/2026
Client approved an exception to guidelines to allow for barndominium style property. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: stable XXX and XXX months of liquid reserves.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
C
B
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409042254
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing tax certificates to properly count expenses for investment properties XXX XXX.
; Document Uploaded. ; Documentation received in XXX review.;
04/17/2026
  
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
A
D
A
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
ASPR DSCR v13 guidelines require escrows for taxes and insurance.
; ; Document Uploaded. ; Documentation received, XXX to review.;
04/17/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following: Pricing hit for escrow waiver.; Exception approval received, Please provide at least XXX compensating factors
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.09% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.09% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043271
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Documentation required to clear exception: Please provide the Initial Escrow Account Disclosure.
Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Initial Escrow Account Disclosure is Resolved
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Experienced XXX- owns other properties in XXX, XXX Scores- XX/XX/XXXX Excellent credit history, depth of XXX years experience.; ; ; Document Uploaded. Please waive- exception approved for Rural per XXX. Comps - Experienced XXX- owns other properties in XXX, XXX, Scores- XX/XX/XXXX, Excellent credit history, depth of XXX years experience.; ;
04/17/2026
Waived per client. Client accepts risk of B grade and acknowledges the following compensation factors for this purpose: owns other properties in XXX, XXX Scores- XX/XX/XXXX Excellent credit history, depth of XXX years experience.; ; Exception approval received, however no compensating factors provided. Please provide at least XXX compensating factors
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
A
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409044174
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Per appraisal XXX rent is XXX so XXX months would be XXX Rent Loss coverage shows XXX per month for XXX months.
; Document Uploaded. ; ;
04/16/2026
Loss Rent Coverage is Sufficient; Client provided Updated Evidence of Property Insurance reflecting XXX months Loss of Rents XXX per month max. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
A
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045317
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046224
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043261
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following: Pricing hit for escrow waiver.; Exception approval received, Please provide at least XXX compensating factors
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044650
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required Self XXX Business Narrative for Bank Statement Income as required per XXX XXX Expanded Alt Doc guidelines.
; DD- Please review - LOEs do address business items needed. ; Although the business narrative is not on the XXX word document, it does detail all the specifics regarding the business, virtual with no rents, remote employees - XXX not selling goods, just services. etc. Please kindly accept with the informatin included. ; ; Documentation and comment received, XXX to review.; Document Uploaded. lox regarding income and also business profile information XXX.;
04/29/2026
While business narrative is not on a standard form, it meets XXX guidelines. Finding clear ; Client provided LOE for calculated monthly income. However, XXX Expanded Eligibility Guide v12 Business Bank Statement Documentation Requirements - Each loan requires a CPA or XXX and signed XXX Business Narrative that includes at minimum details related to the description, nature, size (full-time employees and or contractors) and scope of the business. The underwriter will evaluate the reasonableness of the expenses listed by the borrower. Initial 1003 with monthly income disclosed (Signed). ; Client provided LOE for calculated monthly income. However, XXX Expanded Eligibility Guide v12 Business Bank Statement Documentation Requirements - Each loan requires a CPA or XXX and signed XXX Business Narrative that includes at minimum details related to the description, nature, size (full-time employees and or contractors) and scope of the business. The underwriter will evaluate the reasonableness of the expenses listed by the borrower. Initial 1003 with monthly income disclosed (Signed).
04/29/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044650
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Borrower 1 Credit Report is Incomplete
Borrower 1 Credit Report is XXX Present. Missing documentation like divorce decree and mortgage Statement for XXX payment each month for Bankers Trust which just says Ex Wife on Final 1003. Please provide documentation showing the property this is XXX to and that the party other than the borrower is required to pay it due to divorce as it is showing on the credit report.
; ; As Stated, borrower quit claimed to ex-spouse. He is continuing to pay on the mortgage. It is on the credit bureau under Bakers Trust XXX a month. DTI for borrower with the mo payment included makes dti XXX /XXX. Please kindly clear.; ; Documentation and comment received, XXX to review.; Document Uploaded. The liability is the borrowers, but he is no longer XXX of the property it is tied to. When including the payment which is XXX not XXX our ratio is just under XXX% ;
04/23/2026
Borrower 1 Credit Report is not XXX present.; Client provided Deed of Trust and Quit Claim Deed removing the Borrower as XXX. Missing divorce decree and mortgage Statement for XXX payment each month for Bankers Trust which just says Ex Wife on Final 1003.
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; Please waive for B grade; Comp factors: DSCR >XXX; LTV XXX; FICO greater than minimum;
04/14/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR >XXX; LTV XXX; FICO greater than minimum
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.53% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.53% is less than Guideline LTV of 70%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage XXX XXX DSCR guidelines require a min of XXX months coverage for the subject property.
; Document Uploaded. Please review and rescind - Fair rental value included on binder in the file.;
04/14/2026
Rent Loss Coverage Present
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.53% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.53% is less than Guideline LTV of 70%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045322
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043829
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Subject is a XXX condotel, per lender guidelines the project is to have no more than XXX% XXX concentration. Questionnaire indicates > XXX% XXX concentration, no lender exception was provided.
; Documentation and comment received, XXX to review.; Document Uploaded. Per U/W XX/XX/XXXX--Exception not needed. Total XXX concentration per condo questionnaire is XXX units out of a total of XXX which is less than XXX%--cannot count second XXX as XXX units.; Condo cert investment properties owned owned per HOA does not match appraisal. Appears second XXX included as investment properties. Appraisal update likely needed to be consistent with Condo Questionnaire. Finding added on XX/XX/XXXX after rebuttal for concentration to reconcile data.; Exception Entered. Pending Review; Advise if XXX to review for exception. Please note there maybe impact to pricing.;
04/24/2026
The issue with the property has been resolved.; Client States: Document Uploaded. Per U/W XX/XX/XXXX--Exception not needed. Total XXX concentration per condo questionnaire is XXX units out of a total of XXX which is less than XXX%--cannot count second XXX as XXX units. LM Updated.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043829
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/20/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation:
;
04/24/2026
Property/Appraisal Meets Guidelines; Client States: Document Uploaded. Per U/W XX/XX/XXXX--Exception not needed. Total XXX concentration per condo questionnaire is XXX units out of a total of XXX which is less than XXX%--cannot count second XXX as XXX units. LM Updated.; Property/Appraisal guideline violation: The loan file contains conflicting information between the Condo Approval documents and the Appraisal regarding ownership of units. Please reconcile this data and update as needed.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043829
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing Loan program disclosure
Missing page XXX of XXX of the signed closing disclosure.
Documentation received, XXX to review.; Document Uploaded. Please see XXX ;
04/14/2026
Client provided Complete Executed Closing Disclosure. LM Updated.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
C
A
A
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045579
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
The Deed of Trust is Incomplete
The Deed of Trust is Incomplete Deed of Trust, property description on page XXX shows property is located in XXX. Title, Appraisal and previous Deed all show property is located in XXX. Please upload a corrected Deed of Trust showing subject property is located in XXX.
Documentation received, XXX to review.; Document Uploaded. Please review the XXX Scriveners Affidavit - County Name Corrected;
04/21/2026
Documentation is sufficient. Affidavit provided. Exception resolved.; The Deed of Trust is Present and Complete
04/21/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.64% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.64% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043509
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). The lender's guidelines require coverage in an amount not less than the lesser of the XXX balance of the loan and the full insurable value of each mortgaged property. The Note reflects a loan amount of XXX The insurance reflects dwelling protection of XXX with optional/increased coverage; however, the proof of insurnace does not reflect the amount of the increased coverage.
; Documentation and comment received, XXX to review.; Document Uploaded. please see RCE XXX. Dwelling covers RCE and satisfactory to resolve finding;
04/21/2026
Documentation is sufficient. RCE provided. Exception resolved.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045303
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Per guidelines investment properties maximum IPC is XXX% The sale price is $XXX*XXX=$XXX. Per CD the sellers credits are $XXX. Which is a total of XXX over the XXX% IPC.
; Document Uploaded. DD to waive for B Grade. Exception has been approved. ***Comp Factors: XXX FICO; XXX mos PITIA reserves; XXX DSCR; 48.66% LTV; Post Close Exception has been Reviewed and Approved. Please not there will be XXX impact to pricing for exception.; XXX may review for exception. Please note maybe impact to pricing.;
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XXX mos PITIA reserves; XXX DSCR; 48.66% LTV
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.66% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 48.66% is less than Guideline LTV of 80%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043693
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report shows economic life has been reflected as XXX years. Page XXX shows XXX years.
; ; Could you please advise if the XXX that was uploaded on XX/XX/XXXX has been reviewed?; The XXX is from the appraisal management company, and they are pointing out that they do not agree with the suspense condition. Report is correct as currently written. Page XXX States "total" economic life is XXX years. Page XXX shows "total" as XXX and "XXX" as XXX.; ; Document Uploaded. ; Documentation received, XXX to review.;
04/29/2026
Property/Appraisal Meets Guidelines; XXX is from the AMC and explains the total vs XXX economic life defined in the appraisal. Finding is resolved. ; Received XXX documentation on XXX between parties that are not the appraiser. No new documentation provided. Appraiser to address Page XXX of the appraisal report which shows economic life has been reflected as XXX years vs page XXX shows XXX years.; ; XXX received, however was not from appraiser or appraisal company. Issue not addressed or commented on by appraiser.; ; Re-opened condition per XXX request. ; XXX received, however was not from appraiser or appraisal company. Issue not addressed or commented on by appraiser.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043693
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Property vested under XXX - XXX Series. Missing documentation showing borrower owns the LLC.
; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Property Title Issue Resolved; Client provided Governing Documents and Related Forms for XXX reflecting Borrower as XXX, Certificate of Formation and Company Agreement. LM Updated.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043693
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX DSCR v13 guidelines, escrow account required. XXX payment does reflect.
; ; Please waive- already priced- Comp factors XXX DSCR, XXX Score, XXX cash out as reserves
04/14/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX DSCR, XXX Score, XXX cash out as reserves
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046958
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to addition of Final Inspection Fee. The appraisal was made subject to. Please provide detailed COC explaining why final inspection fee required or cure.
; ; Documentation received, XXX to review.; Document Uploaded. ;
05/15/2026
Cure package provided to the borrower; exception downgraded to a 2/B
05/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409042463
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/12/2026
Rescinded
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property. Property is tenant occupied per the appraisal XXX DSCR guidelines require for lease agreement on refinance transactions.
; Please rescind. Per appraisal subject is a short term rental, and thus will not have a current lease agreement.;
04/16/2026
Short term rental. Lease not required.
04/16/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Provide confirmation of hazard insurance and HOA dues for XXX XXX. The insurance provided is an estimate and property is a XXX per sales contract. Also missing verification property is free and clear due to letter of explanation for refinance is to use proceeds for the purchase of the property.
; ; Please review and rescind. The settlement Statement for XXX XXX shows that IS the property that was purchased with cash - therefore; free and clear. Additionally, a binder has been provided showing no loss payee.; ; Documentation received, XXX to review.; Document Uploaded. ; Document Uploaded. ;
04/22/2026
Settlement Statement and Insurance provided supporting verification for property. ; Provide documentaiton to support P & I payment for XXX XXX.; Client provided Final Settlement Statement for XXX XXX reflecting Taxes, Insurance and HOA amounts. Still in P&I Payment for new Refinance.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Hazard insurance coverage of XXX is less than required coverage of loan amount XXX Missing insurers estimate of replacement cost.
; ;
04/22/2026
Updated coverage amount to include the other structures that were included in the appraised value. Finding is resolved. ; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Housing History Does Not Meet Guideline Requirements
Housing History Does Not Meet Guideline Requirements Missing verification the following mortgage is current XXX #XXX mortgage Statement reflects last payment paid XX/XX/XXXX and loan closed XX/XX/XXXX. XXX Expanded v12 guidelines require housing history reflect XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Housing History Meets Guideline Requirements; Client provided Updated Supplemental Report reflecting XXX account XXX Last payment XX/XX/XXXX next due XX/XX/XXXX. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043502
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts XXX Fraud report discloses the following undisclosed properties (XXX XXX; XXX XXX; XXX XXX and XXX XXX) not listed on the Final 1003. Provide updated Final 1003 with all properties owned by borrower and verification of taxes, insurance and HOA dues if applicable.
; Document Uploaded. Please see XXX - no uncleared findings, no addresses listed below on the REO. If this does not clear, please specify why and where info is being obtained from. ;
04/17/2026
All Fraud Report Alerts have been cleared or None Exist
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042527
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination.
; ; ; ; ; Documentation received, XXX to review.; Document Uploaded. Please see the XXX ATR/QM. Thank you.; ; ;
04/22/2026
compliance report provided; Documentation provided is insufficient. Please provide your compliance report such as XXX or CE.
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044037
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
HOA for the departure residence at XXX. Per XXX UW Stated property currently has HOA but no amount was mentioned. Please HOA Statement for the departure residence at XXX.
; ; Documentation received, XXX to review.; Document Uploaded. ; Document Uploaded. A special assessment letter was provided regarding the HOA dated XX/XX/XXXX.;
04/20/2026
Client provided account Statement reflecting XXX paid for XX/XX/XXXX and XX/XX/XXXX. This reflects XXX is XXX Elevator Special Assessment. Client provided a letter from The XXX Association Inc stating: As of XX/XX/XXXX the above mentioned parties have successfully completed nine equal payments of XXX each. Six monthly payments of XXX XXX outstanding. Payments made to date XXX of the XXX assessment with a XXX balance of $XXX.
04/20/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.95% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.95% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045007
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; ; Document Uploaded. ; Documentation received, XXX to review.; ; ; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. ; Documentation received, XXX to review.;
04/30/2026
Required Affiliated Business Disclosure Documentation Provided.; Please provide an attestation that either the lender has no affiliates or no referral of business was made to the affiliates. The privacy policy can only be used in lieu of the affiliated business disclosure if the lender has no affiliates. In this case an attestation that no affiliate were used in this transaction will clear the exception.; The XXX privacy policy shows the lender has affiliate and therefore an Affiliated Business Disclosure is required or confirmation no affiliate were used in this transaction.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045007
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Missing Seller's copy of XXX Lender did not provide ATR/QM Status Determination.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/30/2026
compliance report provided; Documentation provided is insufficient. Please provide your compliance report such as XXX or CE.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045248
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Document Uploaded. ; ; Please double check the appraisal? This is a condo and I am looking at page one-Neighborhood and it is marked as "suburban" with over XXX% built up-;
04/21/2026
Waived per client request via XXX with loan exception XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Reserves of XXX months and XXX FICO.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409043587
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($XXX,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%. XXX Expanded v12 allows non-QM due to rate spread. Condition is for information only.
; ; ;
04/21/2026
Condition provided for information only. XXX Expanded v12 guidelines allow for Non-QM loans due to rate spread.
04/21/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043587
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing complete XXX months of rental history for FTHB
; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not XXX present.; Client provided XXX reflecting Rental information verified by XXX. Move in date XX/XX/XXXX and moved out XX/XX/XXXX. Also reflects XXX for previous rental address. LM Updated.
04/21/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
C
A
A
A
C
A
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045013
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of bank Statements provided for asset verification of XXX account XXX
; ; DD to waive for B Grade. Seller obtains only XXX month Statements. Reviewed on previous loans with XXX Team, and fine to proceed as long as minimum of XXX month provided to document assets used to qualify pending update to variance. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA reserves; Experienced XXX; XXX DSCR;
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose XXX FICO; XX/XX/XXXX mos PITIA reserves; Experienced XXX; XXX DSCR
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045013
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/12/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing signed W-XXX for XXX
; Documentation received, XXX to review.; Document Uploaded. W9;
04/20/2026
Client provided Executed W-XXX for XXX. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045013
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Missing documentation to support net sale proceeds from real eState assets in the amount of XXX
; Documentation received, XXX to review.; Document Uploaded. XXX XXX SETT STMT;
04/20/2026
Asset Record XXX Meets G/L Requirements Or XXX.; Client provided Settlement Statement for XXX XXX reflecting the borrower receiving $XXX. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047539
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046000
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing final HUD-XXX from sale of non-subject property
Provide final HUD for refinance of REO at XXX. Lender wksht reflects XXX from refinance for funds to close. Borrower LOX indicates the cash out for XXX refinance is used to purchase the subject property.
; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Client provided Closing Disclosure for XXX reflecting the Borrower receiving XXX at closing. LM Updated.
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046001
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046161
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX expanded bank Statement program
Documentation received, XXX to review.; Document Uploaded. ; Please note XXX Expanded guidelines require. If unable to cure, may consider for exception with not obtaining. Please advise and please note there maybe impact to pricing.; Rebuttal received, XXX to review.; Borrower's business name is XXX, which clearly indicates a hair salon operation. AAA does not require a business narrative when the business name explicitly reflects the nature of the business activity. ;
04/16/2026
Client provided Business Narrative. LM Updated.; Client provided Business Narrative. LM Updated.;
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046161
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document on page XXX indicates that the borrower chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
Documentation received, XXX to review.; Document Uploaded. ;
04/14/2026
appraisal delivery provided, exception resolved; Evidence of appraisal delivery provided.
04/14/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042312
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program
; Please waive for Grade B- comp factors- XXX LTV, XX/XX/XXXX DTI, Score XXX;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX LTV, XX/XX/XXXX DTI, Score XXX
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.78% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.78% is less than Guideline LTV of 80%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043079
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Per Lender Approved exception for escrow holdback, missing revised Appraisal to reflect subject to with required repairs for Unit XXX: damaged window trim in shower, some damaged flooring in the XXX, missing ceiling tile in a bedroom, some cracked vinyl trim, and peeling porch pain on the exterior. Missing 1004D reflecting all repairs completed.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/24/2026
Property/Appraisal Meets Guidelines; Client provided Updated Appraisal reflecting Subject to Repairs, 1004D and FNMA/Freddie Mac SSRs. LM updated.; Client provided 1004D for the subject property. However, Per Lender Approved exception for escrow holdback, missing revised Appraisal to reflect subject to with required repairs for Unit XXX: damaged window trim in shower, some damaged flooring in the XXX, missing ceiling tile in a bedroom, some cracked vinyl trim, and peeling porch pain on the exterior.
04/24/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043079
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Loan has escrow holdback. No proof it was released provided in file
Lender Approved an exception to pricing to close with an escrow holdback. Prior to purchase, evidence will be provided that the escrow holdback has been released and the appraisal corrected to subject to the repairs with a 1004D. No compensating factors listed.
Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Client provided 1004D reflecting All cosmetic items have been repaired. Pictures were sent by the Management company that completed the repairs. LM Updated.;
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Rescinded
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
  
Comment received, XXX to review.; Total qualifying income is $XXX. Large deposit threshold is $XXX (XXX% x total qualifying income per FNMA). Please clarify which deposits need of further attention, as the only deposits noted are into XXX business #XXX for XXX on XX/XX/XXXX, combined deposits for XXX + XXX on XX/XX/XXXX, XXX on XX/XX/XXXX, and combined XXX + XXX on XX/XX/XXXX, all occurring at peak season for borrower’s line of work. Additionally, all large deposits are greater than XXX months being well beyond the XXX-day lookback period.; Per XXX Expanded Guidelines: Asset Requirements: Follow FNMA Seller Guide or DU Findings Beyond the minimum reserve requirements based on XXX’s overlays and to fully document the borrowers’ ability to meet their obligations, borrowers should disclose all liquid assets. • Eligible assets must be held in a US account. • Large deposits inconsistent with monthly income or deposits must be verified if using for down payment, reserves or closing costs. • Lender is responsible for verifying large deposits did not result in any new undisclosed debt. • Asset verification by a XXX approved asset validation provider is allowed. If unable to cure, may review for possible exception. Please note there maybe impact to pricing. - DD to reopen finding; If referencing large deposits to any of the XXX business accounts #XXX, #XXX, and #XXX, explanation and/or source into business assets are not required, and XXX personal asset #XXX does not contain any large deposits. ;
04/15/2026
The loan does not have any unsourced large deposits. Finding is rescinded. ; ; Reopened as requested
04/21/2026
  
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409043466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/09/2026
Resolved
XXX
Property
Third Party Valuation Product Not Provided within XXX% Tolerance
Third Party Valuation Product Not Provided or Not Provided Within Tolerance. No AVM or secondary review provided.
Documentation received, XXX to review.; Document Uploaded. Submitted supporting CDA for review. ; ; Reviewed documentation in loan package. Will require FNMA CU score for secondary validation for XXX Expanded product. If score over XX/XX/XXXX - CDA required from Approved vendor. FHLMC score only provided. - DD to reopen finding.; Secondary valuation was included in the initial shipping package and is located in your portal under page XXX.;
04/17/2026
Client provided XXX CDA. LM Updated.; Third party valuation product provided within tolerance.; Reopened as requested
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409043466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/08/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
Documentation received, XXX to review.; Document Uploaded. Submitted No Affiliates Letterhead. ; ; Provide letter on company letterhead for DD to review confirming no affiliates for finding to get resolved. - DD to reopen finding.; Per the SSPL under page XXX CEL does not have any affiliates, hence disclosure is not required.;
04/16/2026
Required Affiliated Business Disclosure Documentation Provided.; Provide letter on company letterhead for DD to review confirming no affiliates or no referral was made to affiliates to get resolved.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409043466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Compliance report missing. Lender did not provide ATR/QM Status Determination.
Document Uploaded. Submitted Compliance Report for review.; Documentation received, XXX to review.;
04/14/2026
Documentation provided. Finding is resolved.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409043466
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Business Narrative
Document Uploaded. DD to review. XXX from loan package. ; Business Narrative was included in the initial shipping package and is located in your portal under page XXX.;
04/14/2026
Business narrative provided.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409043541
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/09/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report States value for the subject property is above the predominant value. Subject XXX was XXX and predominant value was XXX below predominant value.
Documentation received in XXX review.; Document Uploaded. Revised appraisal XXX. ; ;
04/17/2026
Property/Appraisal Meets Guidelines; Client provided updated Appraisal with the Page XXX comment revised to: The most weight was put on Comparable XXX because it was the most recent sale and the most geographically relevant. Comparables XXX and XXX were weighted next as they had similar basements. Comparable XXX is a listing only and therefore given no weight. It was used to provide evidence of current price levels. Although the appraiser's opinion of value for the subject property is below the predominant value for the neighborhood, it is not considered an under-improvement for the neighborhood as evidenced by the comparables used in this report, which indicate that XXX of similar size and value are typical for the area. LM Updated.
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 40% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40% is less than Guideline CLTV of 75%
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409043845
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409044222
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/08/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. Affiliated Business Disclosure XXX. ; ;
04/20/2026
Required Affiliated Business Disclosure Documentation Provided.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044222
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Lender Income Calculation Worksheet
Missing required lender income calculation worksheet for bank Statement program
Documentation received, XXX to review.; Document Uploaded. Income Calculation Worksheet XXX. ; ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409044222
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement program
Documentation received, XXX to review.; Document Uploaded. Business Narrative form XXX. ;
04/17/2026
  
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
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409045965
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
XXX XXX. listed as pending sale, with no supporting documentation provided.
; Documentation received in XXX review.; Document Uploaded. ; ;
04/17/2026
  
04/17/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.06% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.06% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409045965
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Resolved
XXX
Credit
Asset General
Provide documentation to support the XXX Bridge Loan used for closing
; ; Document Uploaded. ;
04/17/2026
  
04/17/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.06% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.06% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
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409046277
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
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409043119
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; ; Document Uploaded. DD to waive for B Grade. Exception XXX. Comp Factors: Credit score XXX DSCR ratio XXX Low LTV 46.51%, Reserves over XXX months (XXX mos PITIA reserves, enough to cover XXX months tax and insurance payments); XXX to review for exception
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose Credit score XXX DSCR ratio XXX Low LTV 46.51%, Reserves over XXX months (XXX mos PITIA reserves, enough to cover XXX months tax and insurance payments)
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 80%
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409043119
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing. U/W notes: Per XXX/XXX Expanded DSCR guidelines, a signed Business Purpose Affidavit/Disclosure is required for all non-owner occupied investment property loans to confirm the loan is for business purposes and not subject to TILA/Regulation Z consumer protections. Document is not present in the loan file. Please provide a fully executed Business Purpose Affidavit/Disclosure signed by all borrowers to satisfy this material condition prior to purchase.
Documentation received, XXX to review.; Document Uploaded. Please see XXX business purpose affidavit to clear condition;
04/15/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 80%
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409043119
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Co-borrower has only XXX qualifying tradeline. An XXX exception was approved with the following compensating factors: XXX FICO; No Mortgage Lates; XXX DSCR; 46.51% LTV; XXX Reserves post close or XXX mos PITIA.
04/13/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; No Mortgage Lates; XXX DSCR; 46.51% LTV; XXX Reserves post close or XXX mos PITIA.
04/13/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 80%
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409046108
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Fraud Report is missing in file.
Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/20/2026
Third Party Fraud Report is provided; Client provided XXX XXX Fraud XXX. LM Updated.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409046108
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/12/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
Documentation received, XXX to review.; Document Uploaded. ;
04/15/2026
  
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
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409045490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
The Note is Missing
The Note is Missing. Documentation required to clear exception: Please provide the executed Note.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
The Note is Present.; Client provided the Executed Note. LM Updated.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.88% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.88% is less than Guideline CLTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
D
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409045490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/09/2026
Cured
XXX
Compliance
Incorrect rescission model used - RTC form model H-XXX used for Same Lender or Lender Affiliate Refinance
Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance Documentation required to clear exception: Incorrect Right to Cancel form was used. Right to cancel form H-XXX (New Lender) form was used and should have been H-XXX (Same Lender) form. In order to cure rescission needs to be re-opened with correct form and a PCCD, LOE, and proof of delivery is required.
; ; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. XXX PCCD & RTC;
04/21/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.88% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.88% is less than Guideline CLTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
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409045490
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/12/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Documentation provided. Finding is resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.88% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.88% is less than Guideline CLTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
A
A
A
D
B
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409047550
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Required Affiliated Business Disclosure Documentation Provided.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045314
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Per XXX Expanded Guidelines v12, large deposits inconsistent with monthly income or deposits must be verified if using for down payment, reserves or closing costs, Lender is responsible for verifying large deposits did not result in any new undisclosed debt. The XXX checking #XXX reflected a large deposit on XX/XX/XXXX in the amount of XXX The loan file did contain documentation for a XXX large deposit on XX/XX/XXXX; however, the file was missing documentation for the XXX deposit.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/29/2026
Client States: The 30k on XX/XX/XXXX represents a payment from my ex-wife as part of our settlement. I have XXX a copy of the deposit slip. LM Updated.
04/29/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045314
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Borrower 1 photo identification is not contained in the loan file. Please provide photo ID or an executed Patriot Act Form.
; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Photo Identification provided.; Client provided Executed XXX Patriot Act Information Form. LM Updated.
04/29/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045314
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Application Profile Missing
Per XXX Expanded Guidelines v12, a Business Narrative for the bank Statement program is required. The borrower was qualified with income from two business, XXX and XXX. The loan file is missing the required Business Narrative for both businesses.
; Please waive for Grade B- not required per XXX guides XX/XX/XXXX- Comp factors XXX years credit history, XXX years in job, XXX score;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX years credit history, XXX years in job, XXX score
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045401
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
The Final 1003 reflects the borrower owns his primary residence and XXX investment properties. The file is missing verification of the HOA dues against his primary and all PITIA docs for the XXX investment properties.
; Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Client provided Mortgage Statement, XXX Payment Letter, Deed of Trust for Primary Residence, Closing Disclosure, Note, Proposed Monthly Payment, Appraisal for XXX XXX, XXX XXX and XXX XXX. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045401
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Lease Agreement
The Final 1003 reflects the Borrower owns XXX investment properties with rent for each used to qualify. The lease agreements and verification of receipt for these properties are not in file.
; Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Client provided Appraisal for the XXX Investment properties reflecting New XXX and using Market Rent for each property. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045403
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX Expanded guidelines require XXX months of bank Statements for all assets. Only one month of Statements was provided for XXX XXX XXX and XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Asset Qualification Meets Guideline Requirements.
04/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045403
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing final HUD-XXX from sale of non-subject property
Provide the Final CDs for the following properties supporting monthly Monthly PITIA no greater than XXX per month: XXX XXX; XXX XXX; XXX XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
  
04/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047557
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047560
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045408
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX Expanded guidelines require XXX months of bank Statements for all assets. Only one month of Statements was provided for XXX XXX XXX and XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Asset Qualification Meets Guideline Requirements.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045408
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/12/2026
Resolved
XXX
Credit
Missing final HUD-XXX from sale of non-subject property
Provide the Final CDs for the following properties supporting monthly Monthly PITIA no greater than XXX per month: XXX XXX; XXX XXX; XXX XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
  
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046202
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045404
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX Expanded guidelines require XXX months of bank Statements for all assets. Only one month of Statements was provided for XXX XXX XXX and XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
Asset Qualification Meets Guideline Requirements.
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045404
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing final HUD-XXX from sale of non-subject property
Missing Final CD's from purchase showing full PITIA for following properties: XXX XXX, XXX XXX, and XXX XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
  
04/20/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Lender a XXX% expense ratio for Bank Statement program. Per XXX XXX Expanded program v12, expense ration can never be less than XXX%
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: CPA expense factor provided showing less than XXX% requested; 52.863% LTV; XXX% DTI; XXX per month residual income; XXX FICO; XXX mos PITIA reserves; XXX to review exception for updated calculation using XXX% expense factor.; ; Document Uploaded. DD Update to XXX% Expense factor - Under review by XXX; Document Uploaded. XXX is the income calculation at XXX% ; Documentation and comment received, XXX to review.; Exception Reviewed and Escalated. Unable to provide exception with XXX% being the floor on bank Statement. Exception Updated to Decline in Correspondent portal. Please advise if loan to be withdrawn if unable to cure for return of collateral.; ; DD to review. An exception is pending on loan for this finding, not yet approved by XXX.; ; can you please grant an exception with no price hit XXX based on the CPA letter. ; XXX to review for exception. Please note there maybe impact to pricing if able to approve. - DD to reopen finding; Document Uploaded. Our program allows down to a XXX% expense ratio and this was underwritten with XXX% based on the CPA letter can you please grant an exception with no hit based on the CPA. Thank you ; Documentation and comment received, XXX to review.;
04/29/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: CPA expense factor provided showing less than XXX% requested; 52.863% LTV; XXX% DTI; XXX per month residual income; XXX FICO; XXX mos PITIA reserves; Expense ratio updated to XXX% however per XXX XXX Expanded program v12, expense ration can never be less than XXX% Per prior comments, XXX declined exception. ; Income and Employment Do Not Meet Guidelines; CPA letter provided, XXX to review for exception of expense ratio of XXX%. ; Income and Employment Meet Guidelines; ;
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.86% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.86% is less than Guideline CLTV of 75%
D
B
C
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded bank Statement program v12
Documentation received, XXX to review.; Document Uploaded. ; ; DD to reopen - Condition Updated.; was the condition reviewed that was uploaded XX/XX/XXXX I do not see any updates please ; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Received e-signed Business Narrative. Exception Resolved. ; Provide an updated Business Narrative Template that includes borrower's signature.; Provide an updated document that includes the borrower(s)’ signature(s).
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.86% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.86% is less than Guideline CLTV of 75%
D
B
D
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047536
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/09/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). ocumentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Evidence of appraisal delivery provided.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.86% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.86% is less than Guideline CLTV of 75%
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Rescinded
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Removed XXX, Acct# XXX Borrower is an Authorized User on account which is not allowed per guidelines. Borrower has less than XXX tradelines reporting for XXX months with activity in past XXX months. Tradeline XXX - XXX Bank XXX: Reporting since XX/XX/XXXX with DLA of XX/XX/XXXX Tradeline XXX - XXX XXX: Reporting since XX/XX/XXXX with DLA of XX/XX/XXXX
; ; XXX to review for exception. Pending Review - DD to reopen finding.; Unable to Resolve-can we kindly get an exception on this condition. ; XXX may review for exception - Please note may have impact to pricing.;
04/28/2026
Open Accounts: XXX) XXX XXX #XXX Open XX/XX/XXXX with DLA XX/XX/XXXX, XXX) XXX #XXX Open XX/XX/XXXX with DLA XX/XX/XXXX, and XXX) XXX #XXX Open XX/XX/XXXX with DLA XX/XX/XXXX. Finding is rescinded. ; Tradelines meet Guideline Requirements; Reopened as requested
04/28/2026
  
D
A
A
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Operating Agreement missing from the loan file.
; Documentation and comment received, XXX to review.; Document Uploaded. its a single member LLC. An operating Agreement is not required for an LLC with one sole member i uploaded the certificate of formation. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Received the cert of formation for single member LLC. Operating agreement not required for single member LLC in the State of XXX. Exception Resolved. ; Received Cert of Formation, EIN and evidence of good standing. Provide Operating Agreement.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 38% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047547
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of Statements provided for XXX bank account XXX
Documentation received, XXX to review.; Document Uploaded. XXX acc# XXX which was just opened with proceeds ;
04/14/2026
Asset Qualification Meets Guideline Requirements.; Client provided XXX Bank letter verifying account balance and opening date as of XX/XX/XXXX. LM Updated.
04/15/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 38% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045456
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047562
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Rescinded
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Per declarations page, there is no rent loss coverage.
XXX may review for exception if unable to cure.;
04/14/2026
Fair rental value coverage of XXX is included in the policy. Finding is rescinded. ; Loss Rent Coverage is Sufficient
04/15/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046392
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044205
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Client provided Executed W-XXX for XXX XXX. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044205
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
1-4 Family Rider is Missing
1-4 Family Rider is Missing.
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
The 1-4 Family Rider is Present; Client provided Executed Mortgage and 1-4 Family Rider. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044205
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/08/2026
Resolved
XXX
Credit
The Deed of Trust is Missing
The Deed of Trust is Missing
; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
The Deed of Trust is Present; Client provided Executed Mortgage and 1-4 Family Rider. LM Updated.
04/17/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045335
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045461
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage. Required rent loss insurance not found in the file.
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp factors: FICO XXX / DSCR >XXX / XXX history
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR >XXX / XXX history
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045783
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. On appraisal, are there any adverse site conditions or external factors, easements, encroachments, environmental conditions? Yes, subject is located nearby a busy highway. Although subject is located nearby to a busy highway, this was found to have no effect on marketability.
; Please rescind or waive for B grade - Appraiser does give a location adjustment - Comp Factors: FICO XXX / DSCR XXX / Experienced XXX ;
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR XXX / Experienced XXX
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409045783
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Waived
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Guidelines require XXX months rent loss insurance. HOI does not have rent loss coverage.
; Waive for B Grade. Meets seller guidelines being accepted by XXX Comp Factors: FICO XXX / DSCR XXX / Experienced XXX
04/16/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / DSCR XXX / Experienced XXX
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409044420
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing. Missing required executed Business Purpose Affidavit as required per XXX XXX DSCR guidelines. Certificate of Occupancy Investment Property is not a BPA. Please provide fully executed Business Purpose Affidavit.
; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Executed Borrower Certification of Business Purpose. LM Updated.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044420
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% The subject property is XXX units, and unit XXX is vacant. Per guidelines, refinanced transactions on unleased properties of XX/XX/XXXX units, max LTV reduced by XXX%
; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Audited LTV of 75% is less than or equal to Guideline LTV of 75%; Client States: The Unleased property LTV reduction is only if the whole property is unleased. This is a XXX unit property and per guidelines we are allowed to have one unit vacant. XXX - State: For XXX-XXX-unit properties, there shall be no more than one vacant unit at origination and any vacant unit must provide evidence of a recent lease within the last two XXX months. LM Updated.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046382
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Lease Agreement
Missing lease agreement for subject property, which according to the appraisal, is tenant occupied.
Comment received, XXX to review.; per the operating income Statement of the appraisal, the unit is rented month to month (no lease) ;
04/15/2026
Client States: per the operating income Statement of the appraisal, the unit is rented month to month (no lease).
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046382
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing the W-XXX form for XXX Business Entity.
Documentation received, XXX to review.; Document Uploaded. w9;
04/15/2026
Client provided Executed W-XXX for XXX. LM Updated.
04/16/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045315
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Tradelines do not meet Guideline Requirements
The lender’s minimum tradeline requirements have not been met per guidelines. Exception request for credit tradelines in file. XXX Exp program - XXX month bank Statement./income. Borrower has two active tradelines but one is less than XXX months.
; ; Please waive - XXX granted exception. Comp factors: FICO XXX / Limited user of credit / XXX history / XXX mo HELOC history closed XX/XX/XXXX / Lowering XXX. / Excellent reserves after closing / 57% LTV; Documentation and comment received, XXX to review.; Document Uploaded. See exception XXX. As Stated exception was granted/approved. We are not certain what you are needing to clear this please advise. Thank you!;
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose FICO XXX / Limited user of credit / XXX history / XXX mo HELOC history closed XX/XX/XXXX / Lowering XXX. / Excellent reserves after closing / 57% LTV; Per XXX - Seller to accept Exception Pricing.
04/21/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 56.91% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.91% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045315
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Business Narrative is missing from the file.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
  
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 56.91% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.91% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041579
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/13/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Test
This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market XXX may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Appraisal requirements not met, missing appraisal delivery receipt. Unable to downgrade.
; ; ; Sent to escalation- the finding is unclear. IF this is an HPML, then it is ineligible/ ; ;
04/27/2026
Appraisal delivery provided; HPML compliant; HPML is not considered compliant due to a missing proof of appraisal delivery to the borrower at least XXX day prior to consummation
04/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041579
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Credit Report on the CD dated XX/XX/XXXX.
; Document Uploaded. ; Documentation received, XXX to review.; ; Document Uploaded. ; Documentation received, XXX to review.; ; ;
04/27/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Please provide of refund check to cure exception.
04/27/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041579
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
; ; Document Uploaded. ; ; ;
04/17/2026
Evidence of appraisal delivery provided.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
B
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041579
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Higher Priced APOR (APOR HP)
Loan Review Complete
04/13/2026
Resolved
XXX
Compliance
Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (12 CFR 1026.35(c)(6))
Evidence of Appraisal Delivery to the Borrower Not Provided. Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.  If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; ; ; ;
04/17/2026
Evidence of Appraisal Delivery to the Borrower Provided.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
A
A
A
A
C
B
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409041714
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Borrower 1 3rd Party VOE Prior to Close Missing
Borrower 1 3rd Party VOE Prior to Close Missing Verbal Verification of Employment (VVOE) was not performed within ten XXX days prior to the Note date.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Third party verification provided.
04/29/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.35% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.35% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041714
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Affiliated attestation provided; Exception resolved; Required Affiliated Business Disclosure Documentation Provided.
04/29/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.35% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.35% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041714
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
; Documentation received, XXX to review.; Document Uploaded. ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Evidence of appraisal delivery provided.; The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)).
04/29/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.35% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.35% is less than Guideline CLTV of 65% | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044159
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing explanation and supporting documentation for large deposit(s)
Per XXX Expanded Underwriting Guidelines, v12, large deposits inconsistent with monthly income or deposits must be verified if using for down payment, reserves or closing costs. XXX checking #XXX was provided which reflects large deposits from #XXX in the amount of XXX on XX/XX/XXXX/ and XXX on XX/XX/XXXX from #XXX. These bank Statements were not provided to source the funds. The initial underwriter did reduce the assets by XXX from deposit on XX/XX/XXXX.
Escalated to CA.; ;
04/17/2026
All unsourced large deposits were backed out of the asset figure, and funds are sufficient. Finding is resolved.
04/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044159
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Application Profile Missing
Per XXX Expanded Underwriting Guidelines v12, a Business Narrative for the bank Statement program is required. The loan file is missing the Business Narrative for both borrower for XXX.
; Please waive for Grade B (not required per XXX) - Comp factors XXX score, XXX DTI, purchase primary residence, 80% LTV;
04/17/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX score, XXX DTI, purchase primary residence, 80% LTV.
04/17/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409044159
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete The purchase Agreement reflects a loan amount of $XXX; however, the Note evidences a loan amount of XXX Please provide a fully executed addendum to the purchase Agreement reflecting the updated loan amount to ensure consistency across all loan documentation
; Please waive- contract is not required to reflect the loan amount. ; ;
04/17/2026
  
04/17/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045016
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Personal Guaranty Agreement Incomplete
Personal Guaranty Incomplete. Missing personal guaranty for XXX.
; ; Please waive for Grade B- not required per XXX XXX- Comp factors 70% LTV, XXX DSCR, XXX score;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 70% LTV, XXX DSCR, XXX score
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045016
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Property Title Issue
Property Title Issue Missing the XXX Consent
; ; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/23/2026
Received recorded Sole and Separate Property Agreement and conveyance. Exception Resolved. ; ; Rebuttal received stating: Subject property is in a community property State, therefore, the XXX consent form would not be required. XXX consent required as property is located in a community property State, thus making the spouse liable.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045016
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing the W-XXX form for Business Entity.
; Document Uploaded. ; ; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/23/2026
Received Executed W-XXX in LLC name with EIN number. Exception Resolved. ; ; Rebuttal received stating: The W9 form is not required for the business entity, this loan was underwritten to the XXX XXX guidelines. No variance for XXX has been received, and XXX XXX DSCR guidelines require a signed W9 for the LLC including the EIN number.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047009
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The Final 1003 indicates the borrower has no housing expense. The XXX Expanded GLs V12 are silent on a borrower living rent free, defaulting to FNMA Seller's Guide which requires a "rent free" letter and evidence the borrower does not have ownership interest in previous residence. None of this required documentation is in file.
; Documentation received, XXX to review.; Document Uploaded. Rent free no ownership letter;
04/21/2026
Signed Rent Free letter received. Condition cleared.
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047009
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Initial Closing Disclosure Delivery Date Test
This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX XXX Class XXXl" 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. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and signed at consum(Per the XXX in file, a CD was issued on XX/XX/XXXX)
Documentation received, XXX to review.; Document Uploaded. XXX Initial CD & proof of receipt & acceptance;
04/16/2026
Initial CD provided; exception resolved; Initial CD provided; exception resolved
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045484
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/10/2026
Rescinded
XXX
Property
HOA Questionnaire is Missing
HOA Questionnaire Missing Missing the HOA Questionnaire.
  
04/14/2026
Not required for XXX condos. Finding is rescinded. ; HOA Questionnaire Provided.
04/17/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042234
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Please rescind. This is addressed in p XXX of the original upload
04/17/2026
Required Affiliated Business Disclosure Documentation Provided.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.08% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.08% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043901
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/10/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Documentation received, XXX to review.; Document Uploaded. ;
04/16/2026
Required Affiliated Business Disclosure Documentation Provided.
04/16/2026
  
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042775
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Purpose does not meet eligibility requirement(s)
XXX DSCR v13 Guidelines State: For refinance transactions, XXX must be leased at the time of closing and the borrower must provide evidence that the property has been leased. The subject is a vacant XXX property that has not been leased prior to close. It has a lease that begins XX/XX/XXXX.
; Comment received, XXX to review.; This loan closed on XX/XX/XXXX, XXX days after the lease began.; The lease start date was XX/XX/XXXX The closing date was XX/XX/XXXX. The appraisal was completed XX/XX/XXXX prior to the lease being executed. ;
04/17/2026
  
04/17/2026
  
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042775
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Title Coverage is Less than Subject Lien
Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Unable to locate supplement.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/17/2026
Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Client provided Short Form Loan Policy reflecting Amount of Insurance XXX LM Updated.
04/17/2026
  
C
A
B
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045440
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing W-XXX for XXX.
Documentation received in XXX review.; Document Uploaded. hello, please waive. we provided the ein number which should suffice. i've reuploaded. thank you.;
04/17/2026
Client provided IRS EIN assignment of XXX-XXX. LM Updated.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043461
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Per XXX XXX DSCR guidelines, escrow account required. Per XXX Payment Letter, no escrow account established at closing.
; ; ; Document Uploaded. ; ; ; Escrow waiver approved. ;
04/24/2026
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: LTV 60%, DSCR XXX and appraisal value of $XXX.; XXX approved exception received, however compensating factors were not listed. Compensating factors must be provided by XXX to waive finding; XXX approved exception received, however compensating factors were not listed. Compensating factors must be provided by XXX to waive finding; Please provide written approved exception including comp factors. Thank you.; XXX to provide XXX compensating factors.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043414
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409041823
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Rest loss coverage on the HOI dec page is $XXX. Guidelines require minimum of XXX months for the subject property which is XXX The approval Certificate reflects a pending exception for lack of XXX months rental loss. An XXX indicates the exception was approved with XXX hit to price. Provide a copy of the approved exception for < XXX months rent losses.
; Exception approved for rent loss coverage. ;
04/20/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following: Pricing hit for not having rent loss coverage.
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409041823
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
The Total Hazard Coverage is LESS than the Required Coverage Amount
The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Provide a Cost Estimator or HOI declarations page that reflects dwelling coverage is insured at XXX% replacement cost.
; Documentation received, XXX to review.; Document Uploaded. ;
04/20/2026
The Total Hazard Coverage is greater than or equal to the Required Coverage Amount
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043716
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045045
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045578
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOR to confirmed XXX
Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client provided Lease Agreement, LOE stating: the borrower transferred their portion through Venmo, XXX months transaction with Venmo. LM Updated.
04/23/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045578
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Application Profile Missing
Business Narrative missing.
; ; Please waive for Grade B (XXX XXX guides)- Comp factors- XXX% DTI, XXX Fico, 70% LTV;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% DTI, XXX Fico, 70% LTV
04/22/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047453
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043573
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/22/2026
Resolved
XXX
Compliance
XXX Per Diem Interest Amount Test
This loan failed the per diem interest amount test. (XXX Bus. Prof. Code §2948.5)The per diem interest amount charged on the loan XXX exceeds the per diem interest charge or credit threshold ($XXX) LEASE NOTE: An additional XXX buffer was included in the per diem interest charge or credit threshold displayed above based on the client preferences configured on the per diem interest settings page. This loan failed the per diem interest amount test. (XXX Bus. Prof. Code §2948.5)The per diem interest amount charged on the loan XXX exceeds the per diem interest charge or credit threshold ($XXX) LEASE NOTE: An additional XXX buffer was included in the per diem interest charge or credit threshold displayed above based on the client preferences configured on the per diem interest settings page. PCCD provided with updated updated per diem; exception resolved PCCD provided with updated updated per diem; exception resolved
05/21/2026
  
05/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.81% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.81% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
A
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043573
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Compliance
TILA Right of Rescission Test
This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation he consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Documentation Required: The disbursement date of XX/XX/XXXX is before the cancel by date on the ROR listed as XX/XX/XXXX. Proof of actual disbursement date is required to resolve or a cure package requires PCCD, LOE, new ROR providing XXX days right to cancel.
Documentation and comment received, XXX to review.; Document Uploaded. See XXX - closing date and disb date to XX/XX/XXXX and XX/XX/XXXX T/Y;
04/20/2026
PCCD provided with updated disbursement date; exception resolved; PCCD provided with updated disbursement date; exception resolved
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.81% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.81% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043573
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Trust Agreement
Missing Trust Agreement Missing copy of Trust agreement.
Documentation received, XXX to review.; Document Uploaded. Rcvd from title, please see XXX ;
04/20/2026
Documentation is sufficient. Trust cert provided. Exception resolved.; Trust Agreement Meets Guideline Requirements
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76.81% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76.81% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
C
A
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043865
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX DSCR v13 guidelines require two months of bank Statements to verify assets. There is one Statement for XXX acct #XXX dated XX/XX/XXXX - XX/XX/XXXX
; DD to waive for B Grade. Fine to proceed as long as minimum of XXX month bank Statement documented for assets used to qualify. Comp Factors: XXX mos PITIA reserves; XXX FICO; No Mortgage Lates in most recent XXX mos; XXX DSCR; Experienced XXX; XXX to review for exception.; Documentation received, XXX to review.; Document Uploaded. XXX g/l only requires one year of assets ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA reserves; XXX FICO; No Mortgage Lates in most recent XXX mos; XXX DSCR; Experienced XXX.; Client provided XXX Guidelines. However, XXX XXX DSCR Program Guide v13 Assets - Checking/Savings per montXXXey Market/CDs XXX% - XXX months most recent Statements and Retirement Accounts (401k, IRAs ect) XXX% - XXX Months most recent Statements.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043865
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Waived
XXX
Credit
Asset 2 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. XXX DSCR v13 guidelines require two months of bank Statements to verify assets. There is one Statement + a transaction history for XXX acct #XXX dated XX/XX/XXXX - XX/XX/XXXX
; DD to waive for B Grade. Fine to proceed as long as minimum of XXX month bank Statement documented for assets used to qualify. Comp Factors: XXX mos PITIA reserves; XXX FICO; No Mortgage Lates in most recent XXX mos; XXX DSCR; Experienced XXX; XXX to review for exception.; Documentation received, XXX to review.; Document Uploaded. XXX g/l only requires ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA reserves; XXX FICO; No Mortgage Lates in most recent XXX mos; XXX DSCR; Experienced XXX.; Client provided XXX Guidelines. However, XXX XXX DSCR Program Guide v13 Assets - Checking/Savings per montXXXey Market/CDs XXX% - XXX months most recent Statements and Retirement Accounts (401k, IRAs ect) XXX% - XXX Months most recent Statements.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045018
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing W-XXX for LLC
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/28/2026
W9 provided.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045024
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing W-XXX for LLC
Documentation received, XXX to review.; Document Uploaded. ; ;
04/21/2026
W9 provided
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045148
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Missing Haz and HOA for XXX D-XXX.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/21/2026
HOA and HOI documentation provided.
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.76% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.76% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045148
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Application Profile Missing
Business Narrative missing.
; Please waive for Grade B- XXX guides do not require- LTV XXX DTI XXX% Score XXX;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: LTV XXX DTI XXX% Score XXX
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.76% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.76% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045148
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
purchase Contract is Missing
Loan Purpose is purchase but purchase Contract Doc is Missing
    
purchase Contract Doc is not Missing, or is XXX.
04/15/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.76% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.76% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete The purchase agreement reflects a loan amount of $XXX; however, the Note evidences a loan amount of XXX Please provide a fully executed addendum to the purchase Agreement reflecting the updated loan amount to ensure consistency across all loan documentation.
; Documentation and comment received, XXX to review.; Document Uploaded. PP and loan amount equals an 80% LTV;
05/28/2026
Documentation is sufficient. purchase Contract provided. Exception resolved.; purchase Contract Doc is complete.
05/28/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
Charges That Cannot Increase Test
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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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). TILA 130b Cure Required. Refund in the amount of $$XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the application date of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The violation may be cured by providing the initial LE within XXX days of application date XX/XX/XXXX. Then further testing can clear this exception.
Documentation and comment received, XXX to review.; Document Uploaded. XX/XX/XXXX the unlocked LE was sent under the XXX Freddie Conforming XXX Yr Fixed Plus LLPA Waiver – FTHB with a loan amount of XXX and an XXX of XXX% with discount points in the amount of $XXX. On XX/XX/XXXX the loan was priced under the XXX XXX J *BestEfforts (Alt-A) XXX Year Fixed Full Doc Asset program. The revised LE was sent with a higher loan amount XXX and interest increased to XXX% decreasing the discount points to $XXX. On XX/XX/XXXX, the XXX decreased to XXX% at a cost to the borrower per COC. Please also note that XXX should be in possession of the rate lock form.; ;
04/23/2026
Initial and revised LE provided; exception resolved; Initial and revised LE provided; exception resolved
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the application date of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The violation may be cured by providing the initial LE within XXX days of application date XX/XX/XXXX. Then further testing can clear this exception.
Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Initial and revised LE provided; exception resolved; Initial and revised LE provided; exception resolved
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
Initial Loan Estimate Delivery Date Test (from application)
This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the XXXl the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. Documentation required to clear exception. The Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The earliest LE in the loan file was issued on XX/XX/XXXX. The violation can be cured by providing the initial LE within XXX days of application date XX/XX/XXXX.
Documentation and comment received, XXX to review.; Document Uploaded. provided the initial LE where the recording fee were disclosed as $XXX; ;
04/23/2026
Initial LE provided; exception resolved; Initial LE provided; exception resolved
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Evidence of appraisal delivery provided.
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045544
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
Documentation and comment received, XXX to review.; Document Uploaded. The intent to proceed is dated XX/XX/XXXX. The initial LE is due by XX/XX/XXXX, we are within compliance;
04/23/2026
Evidence of eConsent is provided.
04/24/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
B
A
B
A
A
A
C
A
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
C
B
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046083
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046974
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing letter of explanation for all credit inquiries in the last XXX days.
; Documentation received, XXX to review.; Document Uploaded. Please see XXX to clear condition;
04/22/2026
Client provided LOE for XXX day inquiries. LM Updated.
04/22/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.23% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.23% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/21/2026
Rescinded
XXX
Credit
Overdraft/NSF Count Exceeds Tolerance
Overdraft/NSF count exceeds tolerance.
; ;
04/29/2026
Duplicate finding.
04/29/2026
  
D
B
A
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Seller credit exceeds XXX% maximum on Investment transaction. Seller Credit XXX and max seller credit allowed is XXX Loan exceeds allowed seller credit by XXX
; ; Waive for B Grade. Meets seller guidelines being accepted by XXX; Comp factors: FICO XXX DTI below max; Stable job
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DTI below max; Stable job
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Loan does not conform to program guidelines
Loan exceeds more than XXX NSF occurrences within the past XXX months. Per XXX XXX Expanded guidelines bank Statement income can have no more than XXX NSF occurrences in the past XXX months and no occurrences in the most recent XXX months.
; Please waive for B grade - XXX has granted exception - COMP FACTORS: • FICO XXX • DTI less than max XXX% • Excellent residual income ($53k) • Excellent reserves after closing (>XXX mo) ; Document Uploaded. ; Document Uploaded. ; DD to reopen condition. NDM's guidelines not yet met.; PLEASE REMEMBER THAT XXX BUYS TO XXX"S GUIDELINES: NSFs Three instances with one or more in the most recent two months OR none in the most recent two months with five instances in XXX months. PLEASE CLEAR; ; Document Uploaded. XXX sent to DD with Seller guidelines to update findings.
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX • DTI less than max XXX% • Excellent residual income ($XXX) • Excellent reserves after closing (>XXX mo); ; Condition re-opened, NSF count of XXX within the last XXX months exceeds XXX guideline allowance of XXX within the most recent XXX months. A lender/XXX exception is required.; XXX to follow Seller guidelines in this instance. NSF count of XXX within the last XXX months exceeds XXX guideline allowance of XXX within the most recent XXX months. A lender/XXX exception is required. ;
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045263
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Application Profile Missing
Business Narrative missing from file, per XXX requirement.
; Waive for B Grade. Meets seller guidelines being accepted by XXX - Comp factors: FICO XXX DTI below max; Stable job
04/20/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DTI below max; Stable job
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409042722
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. FEMA Emergency Declaration declared XX/XX/XXXX (XXX Severe Winter Storm EM-XXX-IN) showing public assistance for the subject property's county, no comments from appraiser regarding this.
; Documentation and comment received, XXX to review.; Document Uploaded. Please refer to the Addendum (pg XXX of the Appraisal Report) for required verbiage.; ; Comment received, in XXX review.; The fact that the Appraisal report is effective after the incident end period and does not reflect/mention any issues is not sufficient? ;
04/23/2026
FEMA Post Disaster Inspection report was provided.; Client provided Updated Appraisal report reflecting Appraiser's comments: As of the "as is" date of the appraisal there was no severe winter storm (FEMA Disaster EM-XXX-IN) damage observed at the subject property or in the immediate neighborhood/area. LM Updated.; XXX FEMA Disaster Declaration section States: Appraisals Completed After the State of Emergency or Disaster - Appraiser must comment on the adverse event and certify that there has been no change in the valuation. Any existing damage notated from the original report must be repaired and re-inspected prior to purchase.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
A
A
D
A
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043738
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043839
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Cured
XXX
Compliance
Charges That Cannot Increase Test
TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Discount Point increase on the CD dated XX/XX/XXXX with no COC. 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) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n 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).
; Document Uploaded. ; Documentation received in XXX review.; ; Document Uploaded. ; Documentation received, XXX to review.;
04/28/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Documents provided are missing a copy of the check and the PCCD; will review upon receipt of those items
04/28/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043839
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. The Final 1003 reflects total assets of XXX and XXX for earnest money. These assets are not enough to cover funds for closing, earnest money and reserves; however, the loan file contained an updated XXX #XXX Statement with assets of XXX dated XX/XX/XXXX. The loan application reflected assets of XXX which is the balance from the XX/XX/XXXX Statement. Provide Final 1003 with enough assets. Other conditions may apply.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/27/2026
Documentation is sufficient. Updated 1003 provided. Exception resolved.; The Final 1003 is Present
04/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043839
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/20/2026
Evidence of appraisal delivery provided.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043839
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Asset 1 Does Not Meet Guideline Requirements
Asset Record XXX Does Not Meet G/L Requirements. Per XXX Expanded Underwriting Guidelines v12, referred to FNMA seller guide for number of months of Statements. Per FNMA seller guide, XXX months is required for a purchase. The loan file contained XXX #XXX Statement XX/XX/XXXX to XX/XX/XXXX and one page, dated XX/XX/XXXX reflecting current balance of XXX with no activity. The loan file is missing the 2nd full months Statement for XXX #XXX.
Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Documentation is sufficient. Asset Statement provided. Exception resolved.; Asset Record XXX Meets G/L Requirements
04/21/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043839
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
purchase Contract is Incomplete
Loan Purpose is purchase but purchase Contract Doc is Incomplete The purchase Agreement reflects a loan amount of $XXX; however, the Note evidences a loan amount of XXX Please provide a fully executed addendum to the purchase Agreement reflecting the updated loan amount to ensure consistency across all loan documentation.
Please waive- loan amount does not need to be updated on purchase contract when borrower accepts lower loan. ;
04/17/2026
Client States: loan amount does not need to be updated on purchase contract when borrower accepts lower loan.
04/20/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
A
A
A
C
B
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
D
D
A
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043876
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Borrower 1 Photo Identification not provided
Borrower 1 Photo Identification not provided. Missing expiration date of photo id on XXX Patriot Act Information Form. No copy of actual id was provided.
; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Documentation is sufficient. Patriot Act provided. Exception resolved.; Photo Identification provided.
04/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.38% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.38% is less than Guideline LTV of 80%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043876
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Some property issues were addressed with the 1004D completion report however some other property issues were not addressed: Laundry room photo shows what appears to be a plywood wall and possible deferred XXX on the door & wall next to the door. Side view photos on page XXX show deferred XXX (window appears crooked & needs painted, this is a different window than the one that was painted & cleared with the 1004D).
; ; Document Uploaded. ; Documentation received, XXX to review.;
04/27/2026
Documentation is sufficient. Completion Report provided. Exception resolved.; The issue with the property has been resolved.
04/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.38% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.38% is less than Guideline LTV of 80%
D
A
C
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043876
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/13/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing. Business Purpose & Occupancy Affidavit is missing (Occupancy Affidavit on page XXX but missing business purpose).
; Documentation received, XXX to review.; Document Uploaded. ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Business Purpose Affidavit/Disclosure Provided; Client provided LOE stating: I do not intend to ever occupy this property for the life of the loan, and the use of all the funds for this loan is for business purposes. LM Updated.; Looking for the Business Purpose and Occupancy Affidavit. Exception XXXs.
04/27/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.38% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.38% is less than Guideline LTV of 80%
D
A
D
A
D
A
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045372
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045451
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045497
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046097
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing required XXX months of rental loss coverage
Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Documentation is sufficient. Rent Loss coverage provided. Exception resolved.; Rent Loss Coverage Present
04/21/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 46.07% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.07% is less than Guideline CLTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046097
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
The transaction does not contain an escrow account for taxes and insurance which is required for the XXX XXX Expanded DSCR program
; Please waive for Grade B_ already priced- XXX LTV, XXX DSCR, XXX Score; ;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX LTV, XXX DSCR, XXX Score.
04/20/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 46.07% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.07% is less than Guideline CLTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The Final 1003 shows XXX REO; one has a mortgage with subject lender. The Seller’s Fraud Report reflects a new mortgage opened on XXX against that property. XXX DSCR GLs require a mortgage Statement or, in this case, the settlement Statement “only to the extent necessary to verify or reconcile the property’s mortgage payment history". File is MISSING MORTGAGE Statement or settlement Statement for that mortgage.
; Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/29/2026
Lender provided the signed settlement Statement for XXX W Azalea Ln. ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: The subject loan has been approved under the DSCR doc type. The form 1007 in file reflects market rents of $XXX. Additionally, a current lease has been provided for XXX per month dated XXX. The DSCR calculation has correctly been based on the lower market rents. However, the form 1007, dated XXX, also reflects the subject current rents are below market at XXX per month due to long term tenant. There is no explanation for the discrepancy between the lease and the current rents reflected on the appraisal.
; Documentation received, XXX to review.; Document Uploaded. XX/XX/XXXX=XXX; In light of the currently provided lease the XXX form is being increased to XXX per month however no recent rentals of similar units in excess of that amount were discovered as of the effective date of the report ; ;
04/29/2026
Property/Appraisal Meets Guidelines; Updated appraisal received addressing rent discrepancies. Market rent of original XXX will be used for DSCR as a conservative approach.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Personal Guaranty Agreement Incomplete
Personal Guaranty Incomplete. The Personal Guaranty in file is not signed.
; ; Please waive for Grade B- not required for XXX- 69.02% LTV, Fico XXX DSCR XXX;
04/29/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.02% LTV, Fico XXX DSCR XXX.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Verified assets reflected on Final 1003 are not being used for reserves; however, they are verified in file and considered part of the borrower's financial profile. The assets are held jointly with a third party with no XXX% access letter provided.
; ; Please waive for Grade B- not required for XXX- 69.02% LTV, Fico XXX DSCR XXX;
04/29/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.02% LTV, Fico XXX DSCR XXX.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Borrower Rental Experience Not Within Guidelines
Borrower Rental Experience Not Within Guidelines The file contains sufficient documentation to confirm Ownership History to qualify as an Experienced XXX. However. XXX DSCR GLs V13 also require Income-Producing Property Evidence. This file does not contain confirmed income documentation. The file contains a new lease for the subject which differs from the market analysis in the appraisal and there is no proof of receipt of funds or security deposit for the subject property or any other property. The loan file closing concurrently (#XXX) does contain sufficient income history with lease and receipts. Lender to provide this income documentation for subject file.
; ; Please waive for Grade B- not required for XXX- 69.02% LTV, Fico XXX DSCR XXX;
04/29/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.02% LTV, Fico XXX DSCR XXX.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046258
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX DSCR GLs V13 dated XXX require escrows for taxes and insurance. The Settlement Statement provided does not reflect any escrow accounts were established.
; Please waive for Grade B- not required for XXX- 69.02% LTV, Fico XXX DSCR XXX;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.02% LTV, Fico XXX DSCR XXX.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
C
A
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045257
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Missing required QM designation/Compliance report Lender did not provide ATR/QM Status Determination.
Documentation and comment received, XXX to review.; Document Uploaded. Please find XXX loan detail report/Compliance report which is in the legal pkg as well (pages XXX-XXX). ;
04/16/2026
ATR/QM documentation provided. Finding is resolved.
04/17/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.72% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.72% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047505
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Asset 7 Does Not Meet Guideline Requirements
Asset 7 Does Not Meet Guideline Requirements. XXX Expanded v12 guidelines require two months of bank Statements to verify assets. There is one bank Statement for XXX acct #XXX dated XX/XX/XXXX - XX/XX/XXXX
; DD to waive for B grade. Fine to proceed as long as a minimum of XXX month Statements provided to document assets used to qualify. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA; XXX% DTI; No Mortgage Lates in XXX mos; XXX per montXXXth Residual Income; Requesting an exception on one bank Statement please. ; ; ;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XX/XX/XXXX mos PITIA; XXX% DTI; No Mortgage Lates in XXX mos; XXX per montXXXth Residual Income.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409049091
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/14/2026
Rescinded
XXX
Credit
Cash Out Does Not Meet Guideline Requirements
Cash Out Does Not Meet Guideline Requirements. Transaction is a no cash out per the XXX but borrower receives XXX back at closing per the final CD. Receiving more than XXX at closing is considered a cash out transaction.
;
04/17/2026
Loan is a limited cash-out per FNMA guidance. Finding is rescinded.
04/17/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047511
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047605
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
The Initial 1003 is Missing
The Initial 1003 is Missing.
; Document Uploaded. As per Chris we only missing the LO page, please see XXX; ; This is a DSCR loan and the initial 1003 is not required, as we have the Final 1003. Please review and waive the condition;
04/24/2026
Client provided Loan Originator Information page of the Final 1003. LM Updated.; Documentation is sufficient. 1003 signature page provided. Exception resolved.; The Initial 1003 is Present; Client provided Loan Originator Information page of the Final 1003. LM Updated.; ; Re-opened finding per XXX request. ; The initial 1003 is not contained in the loan file, and this document typically includes the Loan Officer's signature. The Loan Officer did not sign the Final 1003. Please provide an updated Final 1003 that includes the Loan Officer's signature.
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.77% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.77% is less than Guideline LTV of 75%
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047605
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. XXX XXX Expanded DSCR program requires two full months of bank Statements for asset/reserve verification. File contains one month of Statements for XXX acct# XXX acct#XXX, XXX acct# XXX acct #XXX and XXX XXX acct #XXX and XXX
; ; DD to waive for B Grade. Fine to proceed as long as minimum XXX month Statement documented for assets used to qualify. Comp Factors: XX/XX/XXXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; 58.77% LTV; XX/XX/XXXX DSCR;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XX/XX/XXXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; 58.77% LTV; XX/XX/XXXX DSCR
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.77% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.77% is less than Guideline LTV of 75%
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047605
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Required Escrow account for XXX XXX Expanded DSCR program was not established
; DD to waive for B Grade. Exception approved for escrow waiver. Comp Factors: XX/XX/XXXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; 58.77% LTV; XX/XX/XXXX DSCR; XXX to review for exception;
04/22/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XX/XX/XXXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; 58.77% LTV; XX/XX/XXXX DSCR
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.77% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.77% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046149
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Borrower 1 CPA Letter Missing
Borrower 1 CPA Letter Missing Transaction closed by using the XXX-month P&L doc type. CPA letter provided only confirms they have prepared the borrower's P&L income. XXX Expanded v12 guidelines require third party verification of two-year work history of self-employment. Confirmation the borrowers most recent tax returns have been filed and must provide current/active license or certification - no exceptions.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/22/2026
Documentation provided is sufficient. Exception resolved.; Borrower 1 CPA Letter Provided
04/23/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046149
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
Documentation received, XXX to review.; Document Uploaded. ; ;
04/22/2026
Required Affiliated Business Disclosure Documentation Provided.
04/22/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045569
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Exception approved- please waive finding. Suburban location, DSCR of XXX FICO XXX 80% LTV. Experienced XXX, borrowers current home on XXX acre in XXX- primary residence is much larger and nice home build in XXX Excellent credit; ; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR of XXX FICO XXX 80% LTV. Experienced XXX, borrowers current home on XXX acre in XXX- primary residence is much larger and nice home build in XXX Excellent credit
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409045569
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/14/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX%
; Exception approved- please waive finding- Suburban location, DSCR of XXX FICO XXX 80% LTV. Experienced XXX, borrowers current home on XXX acre in XXX- primary residence is much larger and nice home build in XXX Excellent credit; ;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: DSCR of XXX FICO XXX 80% LTV. Experienced XXX, borrowers current home on XXX acre in XXX- primary residence is much larger and nice home build in XXX Excellent credit
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
B
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409045549
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045229
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. The Final 1003 does not list all of the real eState owned by the borrower and mortgages to be matched to their respective properties. Credit Supp XX/XX/XXXX shows XXX new mtg trades which do not appear on the 1003.
; Documentation received, XXX to review.; Document Uploaded. ;
04/28/2026
The Final 1003 is Present; Evidence provided shows one mtg and one installment debt.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045229
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert Missing documentation supporting the property taxes for the subject property of XXX per month
; Documentation received, XXX to review.; Document Uploaded. ;
04/28/2026
Property Tax Cert Provided; Title evidence provided reflecting taxes.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409049299
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. Comp Factors: Suburban per Appraisal; XXX FICO; XXX mos PITIA reserves; XX/XX/XXXX DSCR. Note to Seller: Post Close Exception was reviewed and approved. Please note a XXX pricing impact for exception will apply.; Post Close Exception was reviewed and approved. Please note a XXX pricing impact for exception will apply.; XXX may review for exception. Please note there maybe impact to pricing for exception.;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XX/XX/XXXX DSCR.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
A
A
C
B
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046410
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
Lender QM Status not validated
Missing required QM designation
Documentation and comment received, XXX to review.; Document Uploaded. Please see XXX compliance report. Please be advised that this is always in the legal package and labeled as "Loan Detail report" on top.;
04/17/2026
compliance report provided
04/22/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
C
A
C
A
A
A
A
A
C
A
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042735
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043485
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Borrower 1 CPA Letter Missing
Borrower 1 CPA Letter Missing The CPA letter in file does confirm the Borrower's ownership of his company. However, it does not specify tenure of ownership; it only refers to the XXX Corp Commission report which shows the business was formed on XXX. Per Borrower's driver's license, he was born on XXX. Borrower's name includes the suffix the "III". Lender to provide confirmation when the Borrower actually took over the subject business and a copy of the CPA's license verification.
; ; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Borrower 1 CPA Letter Provided; Client States: The XXX Corporation Commission shows there was a Shareholder Change Effective XX/XX/XXXX. I am attaching a copy of the Officer/XXX/Shareholder Change showing XXX and XXX changed to XXX XXX on XX/XX/XXXX, was previously XXX. I am also attaching a copy of the CPA, XXX XXX, license #XXX. LM Updated.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043485
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Evidence of appraisal delivery provided.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045044
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XXX / XXX / XXX however missing proof of e-consent dated XXX / XXX / XXX or before.
; Document Uploaded. Proof of E-consent by Borrower showing date of XX/XX/XXXX ; ; ; ;
04/27/2026
Evidence of eConsent is provided.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045044
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Missing Business Entity Formation Document
Missing Business Narrative
; ; Please waive for Grade B (not required for XXX)- Comp- XXX% Fico XXX LTV 77.28%;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX% Fico XXX LTV XXX
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
B
D
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045685
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
; Document Uploaded.
04/21/2026
Affiliated attestation provided; Exception resolved; Required Affiliated Business Disclosure Documentation Provided.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046023
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046036
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Waived
XXX
Credit
Borrower Contributions Do Not Met Guideline Minimum
Percent of Borrowers Funds for Down Payment of XXX% does not meet guideline minimum XXX% XXX XXX Expanded program requires XXX time home buyers contribute at least XXX% toward the down payment of a purchase transaction. The borrower received a XXX at closing. Borrower did not contribute the required XXX%
; ; Please waive for grade B- not required per XXX guides- comp- 69.71% LTV, XXX years credit depth, Fico XXX;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.71% LTV, XXX years credit depth, Fico XXX
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.71% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046036
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Asset 4 Does Not Meet Guideline Requirements
Asset 4 Does Not Meet Guideline Requirements. XXX Acct# XXX Statement documentation is missing from the loan file.
Documentation received in XXX review.; Document Uploaded. Please see XXX bank Statements for XXX.; ;
04/24/2026
Asset 4 Meets Guideline Requirements Or XXX
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.71% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046036
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Waived
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX Expanded Bank Statement Program v12
; Please waive for grade B- not required for XXX XXX guides- Comp factor, credit depth XXX years, 69.7% LTV, Fico XXX;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: 69.71% LTV, XXX years credit depth, Fico XXX
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 69.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 69.71% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Audited LTV Exceeds Guideline LTV
Audited LTV of 75% exceeds Guideline LTV of 70% Borrower does not meet the criterial of experienced XXX, max LTV is 70%
; Documentation and comment received, XXX to review.; Document Uploaded. For XXX time XXX, reduce matrix LTV by XXX% purchase Max LTV is 80%. reduce XXX% which is XXX% Could you please double check ;
04/21/2026
Borrower is XXX time XXX, but documentation provided confirms the subject property will be managed by a property management group. Guidelines require Max LTV of 80% to be reduced by XXX% for XXX time XXX. 70% LTV max is for XXX time XXX who intends to self-manage. Loan qualifies at 75% LTV. Finding is resolved. ; Audited LTV of 75% is less than or equal to Guideline LTV of 75%; Audited LTV of 75% exceeds Guideline LTV of 70%
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Dollar Amount)
Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.
; Documentation and comment received, XXX to review.; Document Uploaded. Please see the XXX 1003 and 401k Statement, the guideline allows us to use XXX% of the retirement account balance. ;
04/21/2026
Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Client provided Updated 1003 reflecting XXX% of XXX Account. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Audited Reserves are less than Guideline Required Reserves (Number of Months)
Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s)
;
04/21/2026
Client provided Updated 1003 reflecting XXX% of XXX Account. LM Updated. ; Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Application Profile Missing
State of XXX is a community property State. Provide XXX consent.
; Documentation received, XXX to review.; Document Uploaded. XXX Transfer Deed;
04/21/2026
Received InterXXX deed. Exception Resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045366
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Waived
XXX
Credit
Missing Lease Agreement
Lease agreements for unit b, c and d in file and all leases are month to month. Guidelines require lease agreements to have an initial term of at least XXX months. A lender exception was provided for short term leases, compensating factors were High FICO of XXX and DSCR score over XX/XX/XXXX
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Comp Factors: Tenant Occupied XXX of XXX units for over XXX month period although month to month leases; XX/XX/XXXX DSCR; XXX FICO; No Mortgage Lates; XXX mos PITIA;
04/20/2026
Waived per Client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XX/XX/XXXX DSCR; XXX FICO; No Mortgage Lates; XXX mos PITIA.
04/20/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045215
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor DTI (DTI SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per the guidelines, if the borrower(s) have a rental history within the most recent XXX months, a Verification of Rent is required. The lender provided documentation supporting a XXX-month rental history; however, the documentation does not confirm a satisfactory payment history (XXX). A VOR or equivalent documentation verifying a satisfactory XXX-month rental payment history is required.
; Documentation received, XXX to review.; Document Uploaded. ; ;
04/23/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client provided VOR reflecting XXX. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045396
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX
Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Client provided W-XXX for XXX with EIN. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045415
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination.
; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
compliance report provided
04/23/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80%
C
A
B
A
A
A
C
A
B
A
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045415
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Page XXX of the appraisal report shows subject property was listed on XX/XX/XXXX, but days on market shows XXX The appraisal report contains a XXX when subject transaction is primary residence.
; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Property/Appraisal Meets Guidelines; Client provided Updated Appraisal reflecting the subject was listed XX/XX/XXXX. LM Updated.
04/23/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80%
C
A
C
A
A
A
C
A
B
A
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
C
A
C
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045665
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/15/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Missing XXX. Lender did not provide ATR/QM Status Determination.
; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
compliance report provided
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.96% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.96% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
A
A
A
A
B
A
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047767
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
DSCR is less than guideline minimum
Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Originator used the higher lease rent of XXX vs market rent of XXX
; ; Document Uploaded. DD to review and waive for B Grade - Exception Approved for use of actual rents vs lower market rents. DD to verify DSCR calculation using actual rents per lease and evidence of payments received (DSCR of 10x) and Update other conditions accordingly. Exception Approval Provided. Comp Factors: XXX FICO; XXX mos PITIA reserves, Property Tenant Occupied, Experienced XXX; Post Close Exception to use higher actual rents was approved. Please note XXX pricing hit will apply.; XXX review of exception pending.; DD to reopen - Exception is still pending review with XXX to use higher rents.; Documentation and comment received, XXX to review.; Document Uploaded. exception submission to use current retns - provided lease and two months of received rent;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves, Property Tenant Occupied, Experienced XXX; Re-opened finding per XXX request. Exception approval is pending. ; Qualifying DSCR meets Guidelines; Client provided Lease Agreement reflecting XXX per month rent and XXX months bank Statements reflecting XXX received for XX/XX/XXXX and XX/XX/XXXX. LM Updated.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047767
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Third Party Fraud Report not Provided
Missing Third Party Fraud Report Missing Third Party Fraud Report
; Documentation received, XXX to review.; Document Uploaded. ;
04/21/2026
Third Party Fraud Report is provided
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047767
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
XXX Missing Articles of Organization XXX The Operating Agreement reflects XXX LLC as a multi-member entity with two XXX% members; however, only one member executed the loan documents. No evidence of authority (e. Borrowering Resolution or equivalent) was provided to demonstrate that XXX is authorized to bind the LLC independently. While XXX executed the Note and Deed of Trust both individually and as a member, this does not evidence proper authorization to obligate the LLC. Provide a fully executed Borrowing Resolution or equivalent documentation, signed by all members, authorizing the subject loan and designating the authorized signer.
; Documentation and comment received, XXX to review.; Document Uploaded. line XXX on operating agreement talks about binding athourity;
04/21/2026
Lender provided the signed Operating agreement with line XXX addressing binding authority. Business License, and EIN.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046135
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
The Final 1003 is Incomplete
The Final 1003 is Incomplete. Missing an updated 1003 which reflects the borrower as Permanent Resident Alien as 1003 in file reflects the borrower as a XXX, however A Permanent Residence Card is in file.
Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
The Final 1003 is Present; Client provided Updated 1003 reflecting the Borrower as Permanent Resident Alien. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046135
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing the W-XXX form for Business Entity.
Documentation received, XXX to review.; Document Uploaded. ; Needed for XXX ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/23/2026
Client provided W-XXX for XXX with EIN. LM Updated.; Client provided W-XXX for the Borrower with SSN. Missing the W-XXX form for Business Entity.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044403
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/15/2026
Resolved
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraiser noted and provided visual proof of significant damaged XXX.
; Documentation received, XXX to review.; Document Uploaded. ;
04/28/2026
The issue with the property has been resolved.; Updated appraisal with cost to cure provided.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045038
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045478
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046318
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Missing Lease Agreement
The appraisal indicates that the subject is tenant occupied. The lease agreement was not provided for review.
Documentation and comment received, XXX to review.; Document Uploaded. market rent was used to qualify vs the lower lease amount per pg XXX of our guidelines that is allowable as it’s within XXX% of the lease amount.; ; Per FMHL Variance for DSCR: Refinance Transactions • Required documentation: o FNMA form 1007 or XXX reflecting long term market rents, and lease agreement if property is leased. - Per appraisal property is tenant occupied with lease being required to be documented. - DD to reopen finding; we did not use any rental income to qualify... therefore, the lease should not be needed ;
04/22/2026
Received executed XXX month lease agreement with monthly payment of $XXX. DSCR calculation corrected to XXX / PITIA XXX = XXX. (Guidelines require use of lower current or market rents). Borrower qualifies with DSCR > XXX. Exception Resolved. ; The appraisal indicates the subject is tenant occupied and currently rented for XXX per month. The subject property is a SFR. Guidelines require SFR properties must be leased at the time of closing and the borrower must provide evidence that the property has been leased. Provide an executed lease agreement for XXX per month.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046318
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing required W-XXX for XXX XXX
Documentation received, XXX to review.; Document Uploaded. W9; Only in loan package for XXX, missing LLC.;
04/20/2026
Documentation is sufficient. W-XXX document provided. Exception resolved.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043087
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX expanded Bank Statement program
; Documentation received, XXX to review.; Document Uploaded. ;
04/28/2026
Client provided Borrower Business Narrative. LM Updated.
04/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 17.3% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 17.3% is less than Guideline CLTV of 70% | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043260
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX DSCR GLs V13 require escrows for taxes and insurance. The subject FCD does not reflect escrow accounts were established.
; ; ; ; ; Document Uploaded. ; Escrow waiver exception approved. ; Exception approved for escrow waiver. ;
04/27/2026
Waived per client request via XXX. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX months of reserves, and DSCR XXX.; Approved exception received, missing compensating factors on exception approval. Please provide compensating factors in order to waive. ; Provide escrow waiver exception with XXX compensating factors as required by XXX. ; Received the Approved exception for the escrow waiver, however, the exception must list compensating factors which are not reflected on the document. Provide escrow waiver exception with compensating factors as required by XXX. ; Please provide written approved exception with comp factors. Thank you.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045522
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOM for XXX Bank acct #XXX mortgage on rental property XXX XXX. Housing history requirement of XXX per XXX Expanded v12 guidelines not met.
; Please waive for B grade - Borrower not liable; full PITI included in DTI. Comp factors: FICO XXX; DTI below Max; LTV below max ; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
; Audit reviewed the lender's response. Housing history requirement of 1x30 for XXX months per XXX Expanded v12 guidelines. Please provide XXX month VOM for XXX Fort Apache Rd.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045539
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044337
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Lender approved Exception dated XX/XX/XXXX. Exception to combine Statements from a dissolved entity to a newly formed entity. LOX from LO on his understanding of the facts and will be followed by a letter from the Borrowers' CPA once the exception is granted. Missing compensating factors.
; Please waive - exception granted by XXX - Comp factors: XXX / DTI <XXX% / >XXX mo reserves; Please waive - exception granted by XXX - Comp factors: XXX / DTI <XXX% / >XXX mo reserves
04/21/2026
Client approved an exception to guidelines. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX / DTI <XXX% / >XXX mo reserves.; Lender States comp factors are XXX DTI < XXX% and > XXX months reserves. The Loan exception reflects a XXX FICO, a XXX% DTI and reserves are not listed as a compensating factor. Borrower does not meet the XXX% DTI. Provide an approved exception with compensating factors.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047493
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Rent Loss Coverage Not Sufficient
The Loss Rent Coverage is Sufficient field on the Rent Loss Coverage Details card, found on the Property Insurance page is selected as No, indicating the loss rent coverage does not meet guideline requirements. Please check for accuracy and make appropriate corrections. Per XXX DSCR v13 guidelines, All loans require rent loss insurance covering a minimum of XXX months for the subject property for the greater of in place or market rent during disruption. XXX is required, policy shows XXX
; ; Please waive for grade B- underwritten to XXX guides- Comp- Fico XXX DSCR, 70% LTV;
04/30/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: Fico XXX DSCR, 70% LTV
04/30/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
B
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047493
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Appraisal reports shows unit XXX as having two bathrooms, sketch shows XXX bathroom
Documentation received, XXX to review.; Document Uploaded. Please see XXX revised appraisal with bath added to sketch.; ; ; ; ; ; ; ;
04/28/2026
Property/Appraisal Meets Guidelines; Client provided Revised Appraisal reflecting 2nd bathroom added to sketch for Unit XXX LM Updated.; No additional comments or documentation received. Finding reopened for review.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
C
B
C
A
C
B
C
A
A
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
C
C
C
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045049
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Waived
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only one month of bank Statement provided for XXX Account #XXX.
; DD Please waive For B Grade as long as minimum of XXX month Statement provided. Can source funds in XXX from account XXX Per Seller Comments We won’t have XXX months on that account. XXX #XXX is a newly opened account. It opened on XX/XX/XXXX and the source of large deposit is a transfer from XXX Bank #XXX which are seasoned assets. Please escalate that it is a newly opened account. Comp Factors XXX FICO; XXX mos PITIA reserves; XX/XX/XXXX DSCR; 48.89% LTV; Comment received, in XXX review.; We won’t have XXX months on that account. XXX #XXX is a newly opened account. It opened on XX/XX/XXXX and the source of large deposit is a transfer from XXX Bank #XXX which are seasoned assets. Please escalate that it is a newly opened account.; ; ; DD to update status to Open - Please note that XXX may consider for exception if not able to cure.; XXXt Package;
04/28/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XXX mos PITIA reserves; XX/XX/XXXX DSCR; 48.89% LTV.; Per seller, loan is a newly opened account, therefore only one month provided. XXX guidelines requires for XXX months Statements. ; Client re-uploaded many documents. Asset Qualification Does Not Meet Guideline Requirements. Only one month of bank Statement provided for XXX Account #XXX.; Document Uploaded.
04/28/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 48.89% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.89% is less than Guideline CLTV of 70%
C
B
C
B
C
B
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046255
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/17/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
Documentation received, XXX to review.; Document Uploaded. ABA Disclosure (XXX). ;
04/21/2026
Required Affiliated Business Disclosure Documentation Provided.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX% Asset Utilization = no dti. | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
B
A
A
A
B
A
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046255
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Approval/Underwriting Summary Not Provided
Missing Approval/Underwriting Summary.
; Documentation received, XXX to review.; Document Uploaded. XXX (XXX). ;
04/22/2026
Approval/Underwriting Summary is fully present. Exception Resolved.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX% Asset Utilization = no dti. | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
B
A
B
A
B
A
A
A
B
A
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046082
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Property
External Obsolescence Present
External obsolescence present. External obsolescence present in file as the subject is XXX to the subside and rear side of XXX
; ; ; ; ; Documentation received, XXX to review.; Document Uploaded. ; ;
04/27/2026
External obsolescence meets guidelines.; 1004D received addressing issues. ; Lender provided the 1004D. External obsolescence present in file as the subject is XXX to the subside and rear side of XXX
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70%
C
A
B
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046082
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: The appraisal report is subject to smoke carbon monoxide detectors installed on all levels, black spots possible mold removed unit XXX left bedroom ceiling and heat in working order in unit XXX.. Five electric meters and five electric panels were observed in basement as XXX (attach to subject) they share electric service for XXX reasons to owner, It is recommended by your appraiser for the utility service be separated
; Appraisal provided shows installation of carbon monoxide detectors ; ; ; Documentation received, XXX to review.; Document Uploaded. ;
04/27/2026
Property/Appraisal Meets Guidelines; 1004D received addressing all issues. ; The appraisal report is subject to smoke carbon monoxide detectors installed on all levels, black spots possible mold removed unit XXX left bedroom ceiling. The 1004D provided does not address this issue.
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70%
C
A
C
A
A
A
C
A
A
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046333
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Income and Employment Do Not Meet Guidelines
Income and Employment Do Not Meet Guidelines Missing Asset Statements used for Asset depletion income of XXX disclosed on the Asset worksheet provided in file.
Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
Income and Employment Meet Guidelines; Client provided XXX Deferred Compensation 401k. LM Updated.
06/02/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Missing all asset documentation used for funds to close and reserves.
; Document Uploaded. bank Statements ; Documentation received, XXX to review.; ; assets; Seller to claifify comment. Statements for XXX #XXX requested to cure. Unsure what comment requesting stating "assets" - DD to please reopen finding; Document Uploaded. ; Documentation received, XXX to review.; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/29/2026
Client provided VOD for XXX bank #XXX reflecting XXX balance. LM Updated.; Asset Qualification Meets Guideline Requirements.; Asset Qualification Does Not Meet Guideline Requirements. Missing XXX account XXX bank Statements. ; Asset Qualification Does Not Meet Guideline Requirements. Missing XXX account XXX bank Statements. ; Asset Qualification Does Not Meet Guideline Requirements..; Asset Qualification Meets Guideline Requirements.; Missing XXX bank Statements for account #XXX reflecting XXX balance. ; Asset Qualification Does Not Meet Guideline Requirements. Missing XXX account XXX bank Statements. ; Asset Qualification Does Not Meet Guideline Requirements..
04/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Resolved
XXX
Compliance
Missing HUD-XXX Closing Statement
  
; Document Uploaded. ;
04/29/2026
Final CD provided.
04/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
;
04/29/2026
Evidence of appraisal delivery provided. Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
04/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
Missing Initial Escrow Disclosure
Initial Escrow Account Disclosure is Missing Documentation required to clear exception: Please provide the Initial Escrow Account Disclosure.
  
04/29/2026
Initial Escrow Account Disclosure is Resolved Documentation required to clear exception: Please provide the Initial Escrow Account Disclosure.
04/29/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
B
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
1-4 Family Rider is Missing
1-4 Family Rider is Missing.
Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
The 1-4 Family Rider is Present; Client provided 1-4 Family Rider. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Condo Rider is Missing
Condo Rider is Missing
Documentation received, XXX to review.; Document Uploaded. ; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/24/2026
The Condo Rider is Present; Client provided Condo Rider. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Fraud Report Shows Uncleared Alerts
Fraud Report Shows Uncleared Alerts XXX fraud report reflects a property not disclosed on the Final 1003 (XXX XXX). Provide updated Final 1003 disclosing all properties owned by borrower.
Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
All Fraud Report Alerts have been cleared or None Exist; Client provided Fraud Report reflecting Alerts Cleared. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Missing Property Tax Cert
Missing Property Tax Cert 1003 and XXX reflects XXX for monthly taxes. The county tax property report reflects annual tax of XXX / XXX = $XXX. Provide verification of subject property taxes.
Documentation received, XXX to review.; Document Uploaded. ;
04/24/2026
Property Tax Cert Provided; Client provided ICE Property Tax Statement. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
C
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
The Deed of Trust is Missing
The Deed of Trust is Missing
Documentation received, XXX to review.; Document Uploaded. ; Pages XXX to XXX of loan package were all blank in delivered loan package. ; ;
04/24/2026
The Deed of Trust is Present; Client provided Executed Mortgage. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
The Note is Missing
The Note is Missing. The Note is Missing.
Documentation received, XXX to review.; Document Uploaded. ; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/24/2026
The Note is Present.; Client provided Executed Note. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
The Final 1003 is Missing
The Final 1003 is Missing. Missing Final 1003.
Document Uploaded. ; Documentation received, XXX to review.; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/24/2026
The Final 1003 is Present; Client provided Final 1003. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Missing VOM or VOR
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Loan application reflects borrower currently rents for XXX Missing VOR.
Documentation received, XXX to review.; VOR; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/24/2026
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client provided VOR. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045629
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing.
Documentation received, XXX to review.; Document Uploaded. ; Pages XXX to XXX of loan package were all blank in delivered loan package. ;
04/24/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
D
A
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Audited Interested Party Contribution Exceeds Guideline Program Maximum
Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% The XXX Expanded DSCR GLs V13 are silent on Interested Party Contributions which requires referral to FNMA Seller's Guide which caps IPCs on N/O properties at XXX%
; ; ; Please waive - XXX granted exception - COMP FACTORS: • DSCR XX/XX/XXXX • Experienced XXX • Excellent reserves after closing >XXX mo.
05/29/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XX/XX/XXXX • Experienced XXX • Excellent reserves after closing >XXX mo.
05/29/2026
  
D
B
C
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043521
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX Expanded DSCR GLs V13 require escrow accounts to be established for property taxes and hazard insurance. The FCD does not reflect any escrow accounts put in place.
; ; ; Please waive - XXX granted exception - COMP FACTORS: • DSCR XX/XX/XXXX • Experienced XXX • Excellent reserves after closing >XXX mo.
04/21/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose DSCR XX/XX/XXXX • Experienced XXX • Excellent reserves after closing >XXX mo.
05/29/2026
  
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409049289
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
  
; DD to waive for B Grade. Exception Approved and taken into account with lock. ****Comp Factors: XXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; No Mortgage Lates; XXX DSCR****; Document Uploaded. ; DD to waive for B Grade. Exception Approved and taken into account with lock. Comp Factors: XXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; No Mortgage Lates; XXX DSCR; XXX to review for exception;
04/21/2026
Client approved an exception to guidelines due to no escrow account. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX mos PITIA reserves (will cover XXX months tax and insurance payments); XXX FICO; No Mortgage Lates; XXX DSCR****; Approved Exception for escrow waiver received, however, comp factors not provided. Please provide the comp factors on the approved exception. Thank you.
04/21/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409047460
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043116
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/20/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; ; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. COMP FACTORS: • FICO XXX • DSCR >XXX • LTV = XXX% Note to Seller: Please be aware a XXX price adjustment will apply for exception approved.;
04/29/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX • DSCR >XXX • LTV = XXX%
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.19% is less than Guideline CLTV of 75%
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043116
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Waived
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. All comparables have adjustments between XXX-XXX%. Appraiser indicates this is due to the fact XXX unit properties were not found on the market. The only comparable with XXX% adjustment that is also a XXX unit is a pending sale. The subject is higher in value than what is dominant for the area because it is almost new XXX. Some of the pictures of Unit C are blurry like the living room, dining, XXX and bathroom.
;
04/29/2026
Client approved an exception noting that the appraiser addresses the lack of XXX-unit properties, but does provide XXX with minimal adjustments. The appraiser did provide both XXX and XXX unit properties adjusted accordingly for the lack of/extra unit based on market supported value which is the XXX contributor to the total adjustments. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX DSCR >XXX, and LTV 61%.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.19% is less than Guideline CLTV of 75%
D
B
C
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043116
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX XXX DSCR guidelines require taxes and insurance to be escrowed. Final CD and XXX Payment Letter show no escrows.
; Document Uploaded. DD to waive for B Grade. Exception Approval XXX. COMP FACTORS: • FICO XXX • DSCR >XXX • LTV = XXX% Note to Seller: Pricing for no escrows taken into account for lock already.;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX • DSCR >XXX • LTV = XXX%
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.19% is less than Guideline CLTV of 75%
D
B
D
B
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409043116
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/16/2026
Resolved
XXX
Credit
Business Purpose Affidavit/Disclosure Missing
Business Purpose Affidavit/Disclosure Missing. Missing required Business Purpose Affidavit for XXX XXX DSCR loans.
Documentation received, XXX to review.; Document Uploaded. Please see XXX business purpose to clear condition;
04/23/2026
Business Purpose Affidavit/Disclosure Provided; Client provided Business Purpose & Occupancy Affidavit. LM Updated.
04/23/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.19% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.19% is less than Guideline CLTV of 75%
D
B
D
A
D
B
C
B
A
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
D
D
C
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
B
B
B
A
409042449
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
Approved Exception in file. Borrower request to waive escrows.
; ; Escrow waiver already approved and priced - XXX months PITI reserves; credit score XXX DSCR of XXX;
04/23/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX months PITI reserves; credit score XXX DSCR of XXX
04/23/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.84% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.84% is less than Guideline LTV of 75%
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045279
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/17/2026
Rescinded
XXX
Credit
Rent Loss Insurance Missing
Missing rent loss insurance coverage Missing required rent loss protection (XXX months)
; Document Uploaded. ;
04/28/2026
; Rent loss coverage present in original file. Exception Rescinded.
04/28/2026
  
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047776
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047400
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Cured
XXX
Compliance
Charges That In Total Cannot Increase More Than XXX% Test
TILA 130b Cure required, refund in the amount of XXX with PCCD, LOE, Copy of Refund Check and Proof of delivery or a valid COC. The Recording Fee increased from XXX on the LE dated XX/XX/XXXX to XXX on the CD dated XX/XX/XXXX which is more than XXX% tolerance. There is no valid COC in the loan file for the increase. This loan failed the charges that in total cannot increase more than XXX% 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 XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n 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 XXX 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).
; Documentation received, XXX to review.; Document Uploaded. See XXX PCCD with CTC Refund Check, LOX, Shipping Label to Borrower.;
04/27/2026
Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B
04/27/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 41.54% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.54% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
C
B
A
A
B
A
C
B
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409047400
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation.  Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.
Documentation and comment received, XXX to review.; Document Uploaded. Appraisal delivered to borrower on XX/XX/XXXX. File closed on XX/XX/XXXX, disabused on XX/XX/XXXX. ;
04/24/2026
Evidence of appraisal delivery provided.
04/26/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 41.54% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.54% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
B
A
A
A
B
A
C
B
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409047400
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Resolved
XXX
Compliance
Missing Required Affiliated Business Disclosure
Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.
Documentation received, XXX to review.; Document Uploaded. ABA Disclosure (XXX). ;
04/24/2026
Required Affiliated Business Disclosure Documentation Provided.
04/26/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 41.54% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.54% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
B
A
A
A
B
A
C
B
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409047400
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/20/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination.
Documentation received, XXX to review.; Document Uploaded. Compliance Report (XXX). ;
04/24/2026
ComplianceEase Report provided.
04/24/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 41.54% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.54% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
B
A
A
A
B
A
C
B
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409047400
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/16/2026
Resolved
XXX
Property
External Obsolescence Present
External obsolescence present. External obsolescence present in file. Appraiser States that this does not affect marketability.
;
04/23/2026
The appraiser noted that the subject's location does not affect marketability, the appropriate adjustment was made for the value, and XXX comp has a similar location. Finding is resolved.
04/23/2026
Original LTV is Below the Guideline Maximum - Calculated LTV of 41.54% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.54% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
B
B
A
A
A
B
A
C
B
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
C
A
B
C
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
409043858
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/20/2026
Resolved
XXX
Compliance
Lender did not provide ATR/QM Status Determination
Lender did not provide ATR/QM Status Determination.
; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
compliance report provided
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043858
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/17/2026
Resolved
XXX
Credit
Application Profile Missing
Missing required business narrative for XXX XXX expanded bank Statement program.
; Documentation received, XXX to review.; Document Uploaded. ;
04/22/2026
Received completed, executed Business Narrative. Exception Resolved.
04/22/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045399
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043181
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046106
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047510
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/21/2026
Resolved
XXX
Compliance
Qualified Mortgage APR Threshold Test
This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a XXX lien is greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien on a manufactured home is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount for a XXX lien a non-manufactured home is less than XXX but greater than or equal to ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($XXX,XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXX%; orThe note amount on a XXX lien a non-manufactured home or a second lien is less than ($XXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 6.5%. Non QM originated, finding XXXs active per client direction.
  
XXX Expanded v12 guidelines allow Non-QM for rate spread. Finding provided for information only.
04/21/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046921
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046995
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; Document Uploaded. DD to waive for B Grade. Approved Exception XXX. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA reserves; XX/XX/XXXX DSCR; tenant occupied; experienced XXX.; Exception Pending Review. Escalated on XX/XX/XXXX and pending review - DD to reopen finding pending exception review.; XXX to review for Exception. Please note maybe impact to pricing.; Pending waiver review by XXX; XXX to review for Exception. Please note maybe impact to pricing.;
04/29/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XX/XX/XXXX mos PITIA reserves; XX/XX/XXXX DSCR; tenant occupied; experienced XXX.; Reopened as requested for review.; ; Property/Appraisal Meets Guidelines
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Rescinded
XXX
Property
Property Issue(s) are Present
One or more issues or defects with the property have been discovered. Appraisal has PUD box checked; however, legal description says it is a Condo. Please provide corrected appraisal removing PUD check box to indicate condo.
; ; DD to review. Property is a site condo - often marked as pud if completed on XXX (which is acceptable). Comments show site condo.;
04/29/2026
Subject is a site condo. Appraisal shows as PUD is acceptable. Exception Rescinded.
04/29/2026
  
D
B
A
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Rescinded
XXX
Property
Condo Approval Missing
Condo Approval Missing. Condo approval is Missing. Appraisal indicates property is a PUD; however, legal description indicates property is a Condo.
; ; ; DD to review. Site condos do not require an approval per FNMA.;
04/29/2026
FNMA does not require Condo Approval for site condos. Exception Rescinded. ; ; Condo Approval Missing. Condo approval is Missing.
04/29/2026
  
D
B
A
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/20/2026
Resolved
XXX
Property
FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date
Property located in FEMA Declared Disaster Area with no subsequent property Inspection. Unable to locate post disaster inspection evidencing no damage to subject property. FEMA disaster dates are from XX/XX/XXXX to XX/XX/XXXX. Appraisal is dated XX/XX/XXXX.
; Document Uploaded. ; Documentation received, XXX to review.; Appraisal was completed after the disaster and the appraisal makes no comments of any damage inside or outside. The end date and declarations were delayed by FEMA but the disaster was already over by the time the appraisal was done.;
04/29/2026
Received Post disaster inspection completed on XXX that reflects free and clear of disaster related damage. Exception Resolved.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/20/2026
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. Unable to locate post disaster inspection evidencing no damage to subject property. FEMA disaster dates are from XX/XX/XXXX to XX/XX/XXXX. Appraisal is dated XX/XX/XXXX.
; Document Uploaded. ; Documentation received, XXX to review.; Appraisal was completed after the disaster and the appraisal makes no comments of any damage inside or outside. The end date and declarations were delayed by FEMA but the disaster was already over by the time the appraisal was done.;
04/29/2026
Received Post disaster inspection completed on XXX that reflects free and clear of disaster related damage. Exception Resolved.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Resolved
XXX
Credit
Missing Business Entity Formation Document
Missing Executed W-XXX for guarantor XXX as required per guidelines.
; Document Uploaded. W-9s XXX. Uploaded for Review. DD to review.; Reviewed with XXX compliance. W-9s required for both Guarantor and LLC. DD to reopen finding; This is vested in an LLC W(only needs to be from the entity. If one borrower signed it was not needed as you have the W9 form the entity.;
04/29/2026
Received executed W-XXX for the LLC and the Guarantor as required per XXX compliance. Exception Resolved.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Resolved
XXX
Credit
Missing Loan program disclosure
Business Purpose Disclosure Form States "Borrower's Purpose in applying for the loan is to use the proceeds of the loan for: The purchase of a rental at the property address above." The property address listed above that line is the subject address. This is a refinance and borrower already owns the subject address. Please provide a Business Purpose Disclosure Form with the purpose corrected to something other than purchasing a property the borrower already owns.
; Document Uploaded. DD to review - Per Seller - This is not material as the loan clearly illustrates it is a refinance. This was was included in error and was not removed from the closing package. You can tell that as there is no place for anyone to check "refinance" transaction. There is another BPL Certification in the file without the transaction noted. The transaction type is not needed on the form. ***Borrower cert of business purpose was provided at XXX. ; This is not material as the loan clearly illustrates it is a refinance. This was was included in error and was not removed from the closing package. You can tell that as there is no place for anyone to check "refinance" transaction. There is another BPL Certification in the file without the transaction noted. The transaction type is not needed on the form.;
04/27/2026
Corrected BP agreement provided.
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
B
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045570
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Rescinded
XXX
Credit
Missing rent comparable schedule form 1007
Comparable Rent Schedule XXX provided does not meet guidelines. Per XXX XXX DSCR guidelines, when using a XXX to determine short term rental income, it must use XXX comparable properties, all within the same zip code which are similar in size, room count, amenities, availability and occupancy. The XXX provided only used XXX comparable properties.
; Escalated for review to DD. Guideline referenced is for XXX, Not XXX.;
04/23/2026
  
04/23/2026
  
D
B
A
A
D
A
D
B
A
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
D
D
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Waived
XXX
Property
Property/Appraisal General
Property/Appraisal guideline violation: Property designated as rural per XXX Website. Per XXX XXX guidelines, properties designated as rural per XXX ineligible.
; DD to waive for B Grade. Exception approval XXX. Comp Factors: XXX FICO; XX/XX/XXXX mos PITIA reserves; XXX DSCR; tenant occupied; experienced XXX.; ; ; ; ; DD to reopen - Exception in review.; XXX to review for exception. Please note maybe impact to pricing.; XXX to review for exception. Please note maybe impact to pricing.;
04/29/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX FICO; XX/XX/XXXX mos PITIA reserves; XXX DSCR; tenant occupied; experienced XXX.; Resolved in error. Condition is open pending XXX exception approval. ; Property/Appraisal Meets Guidelines; Re-Opened as requested for review.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
B
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/21/2026
Rescinded
XXX
Credit
Missing Prepayment Rider
  
; ; Document Uploaded. In Loan package. DD to review.;
04/29/2026
The file contains the note PPP addendum. The mortgage does not reflect a PPP rider and is not required. Exception rescinded.
04/29/2026
  
D
B
A
A
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/21/2026
Resolved
XXX
Property
FEMA Post Disaster Inspection Report not Provided
The subject property is a FEMA disaster case; however, the inspection report was not provided. DR-XXX-HI declaration date XX/XX/XXXX occurred after the appraisal dated XX/XX/XXXX. Post Disaster Inspection is needed.
; ; Document Uploaded. DD to review.; Document Uploaded. ; Incident end date per FEMA is XX/XX/XXXX - Inspection/Appraisal is required to cure after incident end date. Appraisal in file was completed prior to XX/XX/XXXX on XX/XX/XXXX. - DD to reopen finding.; Appraisal was completed after the disaster and the appraisal makes no comments of any damage inside or outside. The end date and declarations were delayed by FEMA but the disaster was already over by the time the appraisal was done.;
04/29/2026
FEMA Post Disaster Inspection report was provided.; The 4th photo in the report clearly shows the front of the subject property, and it aligns with the front view in the original appraisal. This finding is resolved. ; Received Post Disaster Inspection dated XXX. Page XXX of the report indicates front and side view of the subject are required. The photo labeled front view of the subject is blurry. Provide updated, clear front photo of the subject property.; Reopened as requested for review.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
A
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/21/2026
Resolved
XXX
Property
FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date
Property located in FEMA Declared Disaster Area with no subsequent property Inspection. DR-XXX-HI declaration date XX/XX/XXXX occurred after the appraisal dated XX/XX/XXXX. Post Disaster Inspection is needed.
; ; Documentation received, XXX to review.; Document Uploaded. ; ; Incident end date per FEMA is XX/XX/XXXX - Inspection/Appraisal is required to cure after incident end date. Appraisal in file was completed prior to XX/XX/XXXX on XX/XX/XXXX. - DD to reopen finding.; Appraisal was completed after the disaster and the appraisal makes no comments of any damage inside or outside. The end date and declarations were delayed by FEMA but the disaster was already over by the time the appraisal was done.;
04/29/2026
Property Inspection Provided.; The 4th photo in the report clearly shows the front of the subject property, and it aligns with the front view in the original appraisal. This finding is resolved. ; Received Post Disaster Inspection dated XXX. Page XXX of the report indicates front and side view of the subject are required. The photo labeled front view of the subject is blurry. Provide updated, clear front photo of the subject property. ; Reopened as requested for review.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
C
A
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Rescinded
XXX
Property
Condo Approval Missing
Condo approval is Missing.
DD to review. Subject site condo. Condo approval not needed per FNMA. Per Appraisal: The subject ispartof a newer subdivision of XXXinglefamily residences, currently under XXX, andbeing developed under the CPR regime. As such, properties inthe subject project are legally classified as XXX, similar to site condos, butfor practicalpurposes are XXX residences, andare marketedandsold as suchthrough the MLS. Properties inthe projecthave monthly association and XXX fees totaling $XXX hich cover XXX of streets andgreen beltsbetweenXXX, and XXX anduseof community amenities. ;
04/23/2026
FNMA does not require Condo Approval for site condos. Exception Rescinded.
04/24/2026
  
D
B
A
A
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409045565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Rescinded
XXX
Credit
PUD Rider is Missing
PUD Rider is Missing The appraisal identifies the subject to be a XXX PUD, but the DOT provided a Condo Rider.
DD to review. Property is a site condo. Per Appraisal: The subject ispartof a newer subdivision of XXXinglefamily residences, currently under XXX, andbeing developed under the CPR regime. As such, properties inthe subject project are legally classified as XXX, similar to site condos, butfor practicalpurposes are XXX residences, andare marketedandsold as suchthrough the MLS. Properties inthe projecthave monthly association and XXX fees totaling $XXX hich cover XXX of streets andgreen beltsbetweenXXX, and XXX anduseof community amenities. ;
04/23/2026
; Received and reviewed commentary. Appraisal completed as a PUD is acceptable. Exception Rescinded.
04/24/2026
  
D
B
A
A
A
A
D
B
A
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
D
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
B
A
409046914
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/21/2026
Resolved
XXX
Credit
Missing verification of taxes, insurance, and/or HOA fees for non-subject property
Lender only provide an LOE stating HOA dues are XXX a month. Missing verification of HOA dues for XXX property "XXX XXX".
; Documentation received, XXX to review.; Document Uploaded. Property report XXX;
04/29/2026
Property report showing HOA documentation provided.
04/29/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
D
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046914
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/21/2026
Resolved
XXX
Compliance
Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))
The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.
Documentation received, XXX to review.; Document Uploaded. appraisal delivery;
04/27/2026
Evidence of appraisal delivery provided.
04/28/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
D
A
B
A
D
A
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047525
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/22/2026
Resolved
XXX
Credit
Asset Qualification Does Not Meet Guideline Requirements
Asset Qualification Does Not Meet Guideline Requirements. Only XXX month of bank Statements provided for XXX account XXX and XXX XXX Expanded v12 guidelines require XXX months of bank Statements for asset verification.
; Documentation received, XXX to review.; Document Uploaded. Please review the XXX rebuttal, thanks;
04/29/2026
Asset Qualification Meets Guideline Requirements.; Client States: Could we have someone take a second look at the condition added for the missing bank Statements. Per the guidelines below, both the matrix and guide show XX/XX/XXXX months is acceptable: For full manual underwriting approach assets may be documented using one XXX or two XXX months bank Statements, refer to FNMA seller guide. Verified. LM Updated.
04/29/2026
Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%
C
A
C
A
C
A
A
A
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
C
C
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047769
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047006
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044323
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
Non-QM: Lender documented all ATR UW factors
Loan Review Complete
04/22/2026
Waived
XXX
Credit
Application Profile Missing
Missing Business Narrative required for the XXX Expanded v12 Bank Statement Program.
; Please waive for grade B (not needed for XXX guides) Comp factors, XXX years credit history, XXX% DTI, XXX Fico
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX years credit history, XXX% DTI, XXX Fico
04/27/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409043879
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409042565
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
04/21/2026
Waived
XXX
Credit
Missing an established escrow impound account for taxes and insurance.
XXX DSCR GLs V13 require an escrow account be established for property taxes and hazard insurance. The FCD reflects no escrows have been put in place. The Lender has provided an approved Exception for Escrow Waiver. No compensating factors listed.
; Please waive- exception approved - Comp XXX months reserves, DSCR XXX Fico XXX 75% LTV; ; ; ;
04/27/2026
Waived per client. Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: XXX months reserves, DSCR XXX Fico XXX 75% LTV
04/27/2026
Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
B
D
B
D
B
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409049899
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409043486
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409044683
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/23/2026
Resolved
XXX
Credit
Missing Letter of Explanation (Credit)
Missing LOE credit inquiries for previous XXX days
; Document Uploaded. ; Documentation received, XXX to review.; Document Uploaded. ;
04/29/2026
Received signed LOX regarding XXX credit inquiries in the past XXX days. Exception Resolved.
04/29/2026
Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX
D
A
D
A
D
A
A
A
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
D
D
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045479
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/23/2026
Resolved
XXX
Compliance
eSigned Documents Consent is Missing
The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.
Documentation received, XXX to review.; Document Uploaded. ; ; ;
04/28/2026
Evidence of eConsent is provided.
04/29/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
B
A
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409045479
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
QM: Safe Harbor APOR (APOR SH)
Loan Review Complete
04/23/2026
Waived
XXX
Credit
Missing Business Entity Formation Document
Missing Business Narrative.
; Please waive for Grade B (XXX guides)- XXX% DTI, XXX Score, 80% LTV
04/28/2026
Waived per client, Client accepts risk for B grade and acknowledges the following compensating factors for this purpose: FICO XXX / DTI XXX% and 80% LTV.
04/28/2026
Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.
D
B
D
B
D
B
A
A
B
A
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
D
D
A
B
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
B
B
A
A
409046401
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409047955
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409046912
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM: Exempt
Loan Review Complete
                      
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
409045081
XXXXX
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/11/2026
Rescinded
XXX
Credit
Hazard Insurance Missing or Defective
Hazard insurance in file is MISSING MORTGAGEe clause and lender's name. Please provide updated hazard insurance with ISAOA/ATIMA verbiage.
          
A
A
A
A
A
A
A
A
N/A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045081
XXXXX
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/11/2026
Resolved
XXX
No Findings
No Credit Findings
The loan meets all applicable guidelines
  
03/11/2026
  
03/11/2026
  
A
A
A
A
A
A
A
A
N/A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045106
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/17/2026
Resolved
XXX
Credit
Closing Protection Letter Missing or Defective
Missing Closing Protection Letter (CPL)
XX/XX/XXXX: XXX
03/20/2026
XXX: Received
03/20/2026
  
D
A
D
A
D
A
A
A
N/A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045106
  
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/17/2026
Rescinded
XXX
Credit
Hazard Insurance Missing or Defective
Lender on Hazard Insurance does not match Lender on Note. Please provide updated Hazard Insurance with the correct Lender and mortgagee clause.
          
D
A
A
A
D
A
A
A
N/A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045066
XXXXX
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/16/2026
DELETE
XXX
Credit
Entity Documentation - Missing or Defective
Missing EIN For XXX
          
D
A
A
A
A
A
D
A
N/A
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045066
XXXXX
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/16/2026
Resolved
XXX
Property
Appraisal Review - Missing
Missing Appraisal Review For subject property : XXX
Please see the XXX appraisal and XX/XX/XXXX: Attaching the secondary valuation obtained due to no CU score returned in the SSR report. XXX% variance between CDA and Appraised value.
03/20/2026
XXX: Received XXX: Finding is in regard to an appraisal review. The UCDP in file is not within CU/LCA score limits. Please provide an appraisal review of the original.
03/20/2026
  
D
A
D
A
A
A
D
A
N/A
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
D
A
D
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
409045106
XXXXX
XXX
XXXXX
XX/XX/XXXX
$XXXXXX
XXX
ATR/QM Exempt
Cleared
03/17/2026
DELETE
XXX
Credit
Title Insurance Missing or Defective
Preliminary title report in file is MISSING MORTGAGEe clause and Loan Amount after lender's name. Please provide title supplement report with ISAOA/ATIMA
          
D
A
A
A
D
A
A
A
N/A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
D
D
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A
A
A
A
N/A