Exhibit 99.1

 

Ernst & Young LLP

One Manhattan West

New York, NY 10001

 

Tel: +1 212 773 3000

ey.com

 

Report of Independent Accountants on Applying Agreed-Upon Procedures

 

CoreVest Purchaser 2, LLC (“CoreVest”)

CoreVest American Finance Depositor LLC (the “Depositor”)

Redwood Maple Term Asset Investor, LLC

Goldman Sachs & Co. LLC

Wells Fargo Securities, LLC

Morgan Stanley & Co. LLC

(collectively, the “Specified Parties”)

 

Re:CoreVest American Finance 2026-1 Trust (the “Issuing Entity”)
 Mortgage Pass-Through Certificates (the “Certificates”)
 Mortgage Loan and Sample Property Agreed-Upon Procedures

 

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loans and certain Mortgaged Properties (both as defined herein) contained on the Data Files (as defined herein) (the “Subject Matter”) relating to the Issuing Entity’s securitization transaction as of 9 June 2026. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

 

The procedures performed and our associated findings are included in Attachment A.

 

 Page 2 of 4

 

For the purpose of the procedures described in this report, CoreVest, on behalf of the Depositor, provided us with:

 

a.Certain electronic data files containing information relating to the Mortgage Loans (the “Mortgage Loan Data Files”) that are described in Attachment A,

 

b.Certain electronic data files containing information relating to the Mortgaged Properties (the “Property Data Files,” together with the Mortgage Loan Data Files, the “Data Files”) that are described in Attachment A,

 

c.Electronic copies of the files for the Mortgage Loans and certain Mortgaged Properties which contain copies of:

 

i.Various source documents relating to the Mortgage Loans (the “Mortgage Loan Source Documents”) and

 

ii.Appraisal or desktop review reports (collectively, the “Appraisals”), broker price opinions (the “BPOs”) and building and unit description reports (the “Building and Unit Description Reports,” together with the Appraisals and BPOs, the “Property Source Documents”) relating to certain Mortgaged Properties,

 

d.An electronic data file labeled “MSAs_zip.xlsx” (the “MSA Support File,” together with the Property Source Documents, the “Property Sources”) which contains metropolitan statistical area information for certain zip codes,

 

e.A schedule (the “Property Sampling Schedule”), certain information from which is shown on Exhibit 2 to Attachment A, that CoreVest, on behalf of the Depositor, indicated contains a list of loan identification numbers (each, a “Loan ID”) corresponding to certain fixed-rate mortgage loans,

 

f.A list of characteristics on the Property Data Files (the “Property Sample Characteristics”), which are described in Attachment A, that CoreVest, on behalf of the Depositor, instructed us to compare to information contained in the Property Sources,

 

g.A list of characteristics on the Mortgage Loan Data Files (the “Compared Mortgage Loan Characteristics”), which are listed on Exhibit 5 to Attachment A, that CoreVest, on behalf of the Depositor, instructed us to compare to information contained in the Mortgage Loan Source Documents,

 

h.A list of characteristics on the Data Files (the “Recalculated Characteristics”), which are described in Attachment A, that CoreVest, on behalf of the Depositor, instructed us to recalculate using information on the Data Files,

 

i.A list of characteristics on the Mortgage Loan Data Files (the “Provided Mortgage Loan Characteristics”), which are listed on Exhibit 6 to Attachment A, on which CoreVest, on behalf of the Depositor, instructed us to perform no procedures,

 

 Page 3 of 4

 

j.A draft of the preliminary confidential offering circular for the Issuing Entity’s securitization transaction (the “Draft Preliminary Offering Circular”) and

 

k.            Instructions, assumptions and methodologies, which are described in Attachment A.

 

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Data Files, Mortgage Loan Source Documents, Property Sources, Property Sampling Schedule, Property Sample Characteristics, Compared Mortgage Loan Characteristics, Recalculated Characteristics, Provided Mortgage Loan Characteristics, Draft Preliminary Offering Circular and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Data Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Mortgage Loan Source Documents, Property Sources, Property Sampling Schedule, Provided Mortgage Loan Characteristics, Draft Preliminary Offering Circular or any other information provided to us by CoreVest, on behalf of the Depositor, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loans and Mortgaged Properties, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by CoreVest, on behalf of the Depositor, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

 

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the “AICPA”). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

 

The agreed-upon procedures described in this report were not performed for the purpose of:

 

a.Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a “rating agency”) or

 

b.Making any findings with respect to:

 

i.Whether the origination of the Mortgage Loans conformed to, or deviated from, stated underwriting or credit extension guidelines, standards, criteria, or other requirements,

ii.The value of the collateral securing the Mortgage Loans,

iii.Whether the originator(s) of the Mortgage Loans complied with federal, state or local laws or regulations or

iv.Any other factor or characteristic of the Mortgage Loans or Mortgaged Properties would be material to the likelihood that the issuer of the Certificates will pay interest and principal in accordance with applicable terms and conditions.

 

 Page 4 of 4

 

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

 

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than the Specified Parties. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties, but who may have access to this report as required by law or regulation.

 

/s/ Ernst & Young LLP

 

9 June 2026

 

 Attachment A
Page 1 of 9

 

Background

 

For the purpose of the procedures described in this report, CoreVest, on behalf of the Depositor, indicated that:

 

a.The primary assets of the Issuing Entity will be 56 fixed-rate mortgage loans (the “Mortgage Loans”) and

b.The Mortgage Loans are secured by first liens on 1,502 mortgaged properties (the “Mortgaged Properties”).

 

Procedures performed and our associated findings

 

1.CoreVest, on behalf of the Depositor, provided us with an electronic data file labeled “CAFL 2026-1 Tape - Updated 05.25.26 - EY.xlsx” and the corresponding record layout and decode information (the “Preliminary Property Data File,” which together with the Final Property Data File (as defined herein) comprise the Property Data Files), which CoreVest, on behalf of the Depositor, indicated contains information relating to 1,505 mortgaged properties and 856 additional units (the “Preliminary Properties and Units”) that secure 56 mortgage loans (the “Preliminary Mortgage Loans”).

 

CoreVest, on behalf of the Depositor, provided us with an electronic data file labeled “2026-1 Loan File Upload - EY.xlsx” (the “Loan File Upload Data File”), that CoreVest, on behalf of the Depositor, indicated contains information relating to:

 

a.26 mortgage loans with “X” in the “Ready to Review” column (the” Preliminary Mortgage Loans 1”) and

b.30 mortgage loans with “<blank>” in the “Ready to Review” column (the” Preliminary Mortgage Loans 2”).

 

As instructed by CoreVest, on behalf of the Depositor, from the Preliminary Property Data File, we selected a sample of:

 

a.Mortgaged properties and units that secure the Preliminary Mortgage Loans 1 (the “Preliminary Properties and Units 1”) and

b.Mortgaged properties and units that secure the Preliminary Mortgage Loans 2 (the “Preliminary Properties and Units 2,” which together with the Preliminary Properties and Units 1 comprise the Preliminary Properties and Units),

 

using the sample selection methodology provided by CoreVest, on behalf of the Depositor, that is described in the succeeding paragraph(s) of this Item.

 

 Attachment A
Page 2 of 9

 

1. (continued)

 

For each of the:

 

a.Preliminary Mortgage Loans 1 and

b.Preliminary Mortgage Loans 2

 

listed on the Property Sampling Schedule, CoreVest, on behalf of the Depositor, instructed us to:

 

i.Multiply 25% by the number of Preliminary Properties and Units which secure such Preliminary Mortgage Loan,

ii.Round the value computed in i. above up to the nearest integer and

iii.Select a random sample of Preliminary Properties and Units from the Preliminary Property Data File equal to the number computed in ii. above from the population of Preliminary Properties and Units which:

 

1)Secure such Preliminary Mortgage Loan and

2)Have “Y” for the “Parent” characteristic, as shown on the Preliminary Property Data File.

 

The application of the sample selection methodology described in the preceding paragraph of this Item resulted in the selection of:

 

a.224 properties from the Preliminary Properties and Units 1 from the Preliminary Property Data File (the “Sample Properties 1”) and

b.295 properties from the Preliminary Properties and Units 2 from the Preliminary Property Data File (the “Sample Properties 2,” together with the Sample Properties 1, the “Sample Properties”).

 

The Sample Properties are shown on Exhibit 1 to Attachment A. For the purpose of this procedure, CoreVest, on behalf of the Depositor, did not inform us as to the basis for the instructions or methodology they instructed us to use to select the Sample Properties from the Preliminary Property Data File or the basis for the inclusion of the:

 

a.Preliminary Mortgage Loans 1 and

b.Preliminary Mortgage Loans 2

 

on the Property Sampling Schedule. We performed no procedures relating to any Preliminary Mortgage Loan that was not included on the Property Sampling Schedule.

 

For the purpose of the procedures described in this report, the:

 

a.Sample Properties 1 are referred to as Sample Property Numbers 1001 through 1224 and

b.Sample Properties 2 are referred to as Sample Property Numbers 2001 through 2295.

 

 Attachment A
Page 3 of 9

 

2.For each Sample Property, we compared the characteristics listed on Exhibit 3 to Attachment A (the “Base Property Sample Characteristics”), as shown on the Preliminary Property Data File, to the corresponding information located in the Property Source Documents that were provided by CoreVest, on behalf of the Depositor, subject to the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes to Exhibit 3 to Attachment A. The Property Source Document(s) that we were instructed by CoreVest, on behalf of the Depositor, to use for each Base Property Sample Characteristic are indicated on Exhibit 3 to Attachment A. Except for the information shown on Exhibit 4 to Attachment A, all such compared information was in agreement.

 

3.CoreVest, on behalf of the Depositor, provided us with an electronic data file labeled “CAFL 2026-1 Tape - 06.09.26 - External v7” and the corresponding record layout and decode information (the “Final Property Data File”) that CoreVest, on behalf of the Depositor, indicated contains information relating to the Mortgage Loans and Mortgaged Properties as of the related due date of each Mortgage Loan in May 2026 (the “Payment Cut-Off Date”).

 

We compared the property identification number (the “Property ID”) for each Sample Property, as shown on the applicable Preliminary Property Data File, to the corresponding Property ID, as shown on the Final Property Data File, and noted that:

 

a.518 of the Mortgaged Properties included on the Final Property Data File were Sample Properties (the “Final Sample Properties”) and

b.One of the Sample Properties was not included on the Final Property Data File (the “Removed Sample Property”), which is shown on Exhibit 1 to Attachment A.

 

As applicable, for the purpose of performing the comparison described above, CoreVest, on behalf of the Depositor, provided the decode table shown below, and instructed us to use the value shown in the “Updated Property ID” column for the Sample Property which corresponds to the “Property ID” that is shown in the “Property ID” column.

 

Property ID Updated Property ID Property ID Updated Property ID
NAP NAP NAP NAP

 

4.For each Sample Property, we compared the Base Property Sample Characteristics listed on Exhibit 3 to Attachment A, as shown on the Final Property Data File, to the corresponding information that we identified in performing the procedures described in Item 2. All such compared information was in agreement.

 

5.For each Mortgaged Property, we compared the “closest MSA” characteristic (the “Closest MSA Property Sample Characteristic,” which together with the Base Property Sample Characteristics comprise the Property Sample Characteristics), as shown on the Final Property Data File, to the metropolitan statistical area information on the MSA Support File for the corresponding “zip code,” as shown on the Final Property Data File. All such compared information was in agreement.

 

 Attachment A
Page 4 of 9

 

6.CoreVest, on behalf of the Depositor, provided us with an electronic data file and the corresponding record layout and decode information (the “Preliminary Mortgage Loan Data File”) that CoreVest, on behalf of the Depositor, indicated contains information relating to the Mortgage Loans as of the Payment Cut-Off Date.

 

We performed certain procedures on earlier versions of the Data Files and communicated differences prior to being provided the Data Files which were subjected to the procedures as described herein.

 

For each Mortgage Loan on the Preliminary Mortgage Loan Data File, we compared the Compared Mortgage Loan Characteristics listed on Exhibit 5 to Attachment A, as shown on the Preliminary Mortgage Loan Data File, to the corresponding information located in the Mortgage Loan Source Documents that were provided by CoreVest, on behalf of the Depositor, subject to the instructions, assumptions and methodologies described in the notes to Exhibit 5 to Attachment A and the succeeding paragraph(s) of this Item.

 

The Mortgage Loan Source Document(s) that CoreVest, on behalf of the Depositor, instructed us to use for each Compared Mortgage Loan Characteristic are indicated on Exhibit 5 to Attachment A. If more than one Mortgage Loan Source Document is listed for a Compared Mortgage Loan Characteristic, CoreVest, on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary Mortgage Loan Data File for the Compared Mortgage Loan Characteristic agreed with the corresponding information on at least one of the Mortgage Loan Source Documents that are listed for such Compared Mortgage Loan Characteristic on Exhibit 5 to Attachment A (except as described in the notes to Exhibit 5 to Attachment A). We performed no procedures to reconcile any differences that may exist between various Mortgage Loan Source Documents for any of the Compared Mortgage Loan Characteristics listed on Exhibit 5 to Attachment A.

 

7.As instructed by CoreVest, on behalf of the Depositor, we adjusted the information on the Preliminary Mortgage Loan Data File to correct all the differences we noted in performing the procedures described in the Item above and provided a list of such differences to CoreVest. The Preliminary Mortgage Loan Data File, as so adjusted, is hereinafter referred to as the “Updated Mortgage Loan Data File.”

 

8.Subsequent to the performance of the procedures described in Items 6. and 7. above, CoreVest, on behalf of the Depositor, provided us with an electronic data file and the corresponding record layout and decode information (the “Final Mortgage Loan Data File,” which together with the Preliminary Mortgage Loan Data File comprise the Mortgage Loan Data Files) that CoreVest, on behalf of the Depositor, indicated contains information relating the Mortgage Loans as of the Payment Cut-Off Date.

 

Using information on the:

 

a.Final Mortgage Loan Data File and

b.Updated Mortgage Loan Data File

 

for each Mortgage Loan, we compared each Compared Mortgage Loan Characteristic listed on Exhibit 5 to Attachment A, as shown on the Final Mortgage Loan Data File, to the corresponding information on the Updated Mortgage Loan Data File. All such compared information was in agreement.

 

 Attachment A
Page 5 of 9

 

9.Using the:

 

a.First Payment Date and

b.Initial Maturity Date,

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Original Term to Maturity (months)” of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

10.Using the:

 

a.Mortgage Loan Initial Funded Amount ($),

b.Interest Rate (adjusted as described in the succeeding paragraph(s) of this Item, as applicable) and

c.Monthly Debt Service ($),

 

as shown on the Final Mortgage Loan Data File, and assuming that each Mortgage Loan has a fixed level monthly payment, we recalculated the “Original Amortization Term (months)” of each Mortgage Loan (except for any Interest Only Mortgage Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

For the purpose of the “Original Amortization Term (months)” recalculation described above for each Mortgage Loan (except for any Interest Only Mortgage Loan), all of which have an “Interest Rate Accrual” of “Actual/360,” as shown on the Final Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to divide the “Interest Rate,” as shown on the Final Mortgage Loan Data File, by twelve (12) and then multiply by a fraction equal to 365/360.

 

For any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Original Amortization Term (months)” characteristic.

 

For the 61091 Mortgage Loan (as defined herein), CoreVest, on behalf of the Depositor, instructed us to use “360” for the “Original Amortization Term (months)” characteristic.

 

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the preceding paragraph(s) of this Item.

 

11.Using the “First Payment Date,” as shown on the Final Mortgage Loan Data File, we recalculated the “Seasoning (months)” of each Mortgage Loan as of the Payment Cut-Off Date. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

 Attachment A
Page 6 of 9

 

12.Using the:

 

a.Mortgage Loan Initial Funded Amount ($),

b.Interest Rate Accrual,

c.Seasoning (months),

d.IO Term (months),

e.First Payment Date,

f.Initial Maturity Date,

g.Interest Rate and

h.Monthly Debt Service ($),

 

as shown on the Final Mortgage Loan Data File, we recalculated the principal balance of each Mortgage Loan as of:

 

i.The Payment Cut-Off Date (the “Cut-Off Date Principal Balance”) and

ii.The “Initial Maturity Date” of the Mortgage Loan (the “Maturity Date Balance”),

 

assuming all scheduled payments of principal and/or interest on the Mortgage Loans are made and that there are no prepayments or other unscheduled collections. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to:

 

a.Ignore differences of +/- $1.00 or less and

b.Recalculate the “Maturity Date Balance” as the aggregate principal balance that is scheduled to be paid on the “Initial Maturity Date” of the Mortgage Loan, including any principal component of the related “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File, on the “Initial Maturity Date.”

 

For the 61091 Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use:

 

a.“$1,591,336.64” for the “Cut-Off Date Principal Balance” characteristic and

b.“$1,399,891.37” for the “Maturity Date Balance” characteristic,

 

as shown on the applicable loan amortization schedule Source Document.

 

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the preceding paragraph(s) of this Item.

 

13.Using the “Cut-Off Date Principal Balance,” as shown on the Final Mortgage Loan Data File, we recalculated the “% of Pool” of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

 Attachment A
Page 7 of 9

 

14.Using the:

 

a.Original Term to Maturity (months) and

b.Seasoning (months),

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining Term (months)” of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

15.Using the:

 

a.IO Term (months),

b.Original Amortization Term (months) and

c.Seasoning (months),

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining Amortization Term (months)” of each Mortgage Loan (except for any Interest Only Mortgage Loan, which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

For any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Remaining Amortization Term (months)” characteristic.

 

16.Using the:

 

a.IO Term (months) and

b.Seasoning (months),

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining IO Term (months)” of each Mortgage Loan (except for any Amortizing Balloon Mortgage Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

For any Amortizing Balloon Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Remaining IO Term (months)” characteristic.

 

17.Using the “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File, we recalculated the “Annualized Debt Service Payment ($)” of each Mortgage Loan as twelve (12) times the “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

18.Using the:

 

a.Servicing Fee Rate,

b.Distributed Ledger Fee Rate,

c.Trustee/Note Administrator Fee Rate and

d.CREFC® License Fee Rate,

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Administrative Fee Rate” of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

 Attachment A
Page 8 of 9

 

19.Using the:

 

a.Interest Rate and

b.Administrative Fee Rate,

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Net Mortgage Rate” of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

20.Using:

 

a.Information on the Final Mortgage Loan Data File and

b.The applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular,

 

we recalculated the:

 

i.Mortgage Loan UW NOI DSCR,

ii.Mortgage Loan UW NCF DSCR,

iii.NOI DSCR as of 3/31,

iv.NCF DSCR as of 3/31,

v.Mortgage Loan Cutoff NOI Debt Yield,

vi.Mortgage Loan Cutoff NCF Debt Yield,

vii.Origination Date LTV Ratio,

viii.Cut-Off Date LTV Ratio and

ix.Maturity Date LTV Ratio

 

of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement. For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to round the characteristics listed in i. through iv. above to two decimal places and the characteristics listed in v. through ix. above to the nearest 1/10th of one percent.

 

21.Using the:

 

a.Original Yield Maintenance Period and

b.Seasoning (months),

 

as shown on the Final Mortgage Loan Data File, we recalculated the “Current Yield Maintenance Period” of each Yield Maintenance Mortgage Loan (as defined herein). We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

For any Mortgage Loan that is not a Yield Maintenance Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Current Yield Maintenance Period” characteristic.

 

22.Using the “Guarantor,” as shown on the Final Mortgage Loan Data File, we identified those Mortgage Loans that have at least one common “Guarantor” (the “Related Guarantor Loans”). We compared the “Related Guarantor Loan” information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

 

 Attachment A
Page 9 of 9

 

23.For each Mortgaged Property, we compared the “Closing Date Allocated Loan Amount” characteristic, as shown on the Final Property Data File, to the corresponding information in the loan agreement Mortgage Loan Source Document for the related Mortgage Loan and found all such compared information to be in agreement. For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less.

 

24.Using the “Closing Date Allocated Loan Amount,” as shown on the Final Property Data File, we recalculated the “Allocated Loan Amount %” of each Mortgaged Property. We compared this recalculated information to the corresponding information on the Final Property Data File and found such information to be in agreement.

 

25.Using the:

 

a.Cut-Off Date Principal Balance and

b.Maturity Date Balance,

 

as shown on the Final Mortgage Loan Data File, and the “Closing Date Allocated Loan Amount,” as shown on the Final Property Data File, we recalculated the principal balance of each Mortgaged Property as of the Payment Cut-Off Date (the “Cut-Off Date Allocated Loan Amount”) and as of the “Initial Maturity Date” of the related Mortgage Loan (the “Maturity Date Allocated Loan Amount”), based on the calculation methodology provided by CoreVest, on behalf of the Depositor, that is described in the succeeding paragraph(s) of this Item. We compared this recalculated information to the corresponding information on the Final Property Data File and found such information to be in agreement. For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less.

 

For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to allocate the “Cut-Off Date Principal Balance” and “Maturity Date Balance” of each Mortgage Loan, as shown on the Final Mortgage Loan Data File, to the respective Mortgaged Properties that secure such Mortgage Loan on a pro-rata basis using the “Mortgage Loan Initial Funded Amount ($)” of the Mortgage Loans, as shown on the Final Mortgage Loan Data File, and “Closing Date Allocated Loan Amount” of the Mortgaged Properties, as shown on the Final Property Data File.

 

 

 

 

Exhibit 1 to Attachment A

Page 1 of 3

  

Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample Properties 2   Removed
Sample
Properties
  Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample
Properties 2
  Removed
Sample
Properties
1001   59945   59945-1   X           1091   62363   62363-2   X        
1002   60018   60018-1   X           1092   62363   62363-21   X        
1003   60018   60018-2   X           1093   62363   62363-26   X        
1004   60018   60018-5   X           1094   62363   62363-5   X        
1005   60018   60018-3   X           1095   62363   62363-29   X        
1006   60018   60018-6   X           1096   62363   62363-32   X        
1007   60018   60018-7   X           1097   62363   62363-15   X        
1008   60018   60018-4   X           1098   62501   62501-57   X        
1009   60018   60018-8   X           1099   62501   62501-3   X        
1010   60118   60118-1   X           1100   62501   62501-15   X        
1011   60140   60140-6   X           1101   62501   62501-39   X        
1012   60140   60140-3   X           1102   62501   62501-10   X        
1013   60140   60140-1   X           1103   62501   62501-29   X        
1014   60841   60841-1   X           1104   62501   62501-50   X        
1015   60870   60870-7   X           1105   62501   62501-2   X        
1016   60870   60870-6   X           1106   62501   62501-53   X        
1017   60870   60870-13   X           1107   62501   62501-5   X        
1018   60870   60870-4   X           1108   62501   62501-26   X        
1019   61184   61184-6   X           1109   62501   62501-42   X        
1020   61184   61184-1   X           1110   62501   62501-9   X        
1021   61228   61228-16   X           1111   62501   62501-24   X        
1022   61228   61228-19   X           1112   62501   62501-16   X        
1023   61228   61228-17   X           1113   62501   62501-44   X        
1024   61228   61228-14   X           1114   62501   62501-22   X        
1025   61228   61228-18   X           1115   62501   62501-30   X        
1026   61228   61228-8   X           1116   62547   62547-62   X        
1027   61228   61228-2   X           1117   62547   62547-53   X        
1028   61228   61228-10   X           1118   62547   62547-25   X        
1029   61228   61228-7   X           1119   62547   62547-19   X        
1030   61228   61228-6   X           1120   62547   62547-64   X        
1031   61231   61231-10   X           1121   62547   62547-78   X        
1032   61231   61231-11   X           1122   62547   62547-73   X        
1033   61231   61231-1   X           1123   62547   62547-86   X        
1034   61231   61231-7   X           1124   62547   62547-60   X        
1035   61329   61329-23   X           1125   62547   62547-40   X        
1036   61329   61329-15   X           1126   62547   62547-5   X        
1037   61329   61329-28   X           1127   62547   62547-14   X        
1038   61329   61329-27   X           1128   62547   62547-51   X        
1039   61329   61329-18   X           1129   62547   62547-57   X        
1040   61329   61329-20   X           1130   62547   62547-55   X        
1041   61329   61329-17   X           1131   62547   62547-39   X        
1042   61329   61329-4   X           1132   62547   62547-21   X        
1043   61780   61780-1   X           1133   62547   62547-66   X        
1044   61780   61780-13   X           1134   62547   62547-44   X        
1045   61780   61780-8   X           1135   62547   62547-17   X        
1046   61780   61780-10   X           1136   62547   62547-56   X        
1047   61780   61780-14   X           1137   62547   62547-29   X        
1048   61780   61780-3   X           1138   62547   62547-7   X        
1049   61780   61780-17   X           1139   62547   62547-52   X        
1050   61780   61780-7   X           1140   62547   62547-10   X        
1051   62028   62028-3   X           1141   62547   62547-42   X        
1052   62028   62028-13   X           1142   62547   62547-72   X        
1053   62028   62028-15   X           1143   62547   62547-4   X        
1054   62028   62028-5   X           1144   62547   62547-12   X        
1055   62089   62089-4   X           1145   62547   62547-63   X        
1056   62089   62089-3   X           1146   62547   62547-43   X        
1057   62089   62089-5   X           1147   62547   62547-59   X        
1058   62089   62089-1   X           1148   62547   62547-13   X        
1059   62089   62089-2   X           1149   62547   62547-54   X        
1060   62169   62169-5   X           1150   62547   62547-83   X        
1061   62169   62169-3   X           1151   62547   62547-38   X        
1062   62181   62181-1   X           1152   62547   62547-31   X        
1063   62181   62181-10   X           1153   62547   62547-46   X        
1064   62181   62181-13   X           1154   62547   62547-28   X        
1065   62181   62181-16   X           1155   62547   62547-3   X        
1066   62181   62181-4   X           1156   62547   62547-88   X        
1067   62181   62181-8   X           1157   62547   62547-91   X        
1068   62181   62181-6   X           1158   62547   62547-18   X        
1069   62181   62181-7   X           1159   62547   62547-82   X        
1070   62181   62181-9   X           1160   62547   62547-30   X        
1071   62181   62181-3   X           1161   62547   62547-76   X        
1072   62181   62181-2   X           1162   62547   62547-8   X        
1073   62181   62181-14   X           1163   62937   62937-93   X        
1074   62181   62181-15   X           1164   62937   62937-7   X        
1075   62181   62181-5   X           1165   62937   62937-44   X        
1076   62181   62181-11   X           1166   62937   62937-25   X        
1077   62181   62181-12   X           1167   62937   62937-32   X        
1078   62278   62278-9   X           1168   62937   62937-42   X        
1079   62278   62278-7   X           1169   62937   62937-110   X        
1080   62278   62278-12   X           1170   62937   62937-27   X        
1081   62278   62278-4   X           1171   62937   62937-48   X        
1082   62278   62278-13   X           1172   62937   62937-71   X        
1083   62278   62278-2   X           1173   62937   62937-8   X        
1084   62278   62278-6   X           1174   62937   62937-90   X        
1085   62278   62278-10   X           1175   62937   62937-63   X        
1086   62278   62278-8   X           1176   62937   62937-51   X        
1087   62278   62278-11   X           1177   62937   62937-9   X        
1088   62363   62363-23   X           1178   62937   62937-76   X        
1089   62363   62363-28   X           1179   62937   62937-80   X        
1090   62363   62363-14   X           1180   62937   62937-40   X        

 

 

 

 

Exhibit 1 to Attachment A

Page 2 of 3

 

Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample Properties 2   Removed
Sample
Properties
  Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample
Properties 2
  Removed
Sample
Properties
1181   62937   62937-58   X           2047   59725   59725-35       X    
1182   62937   62937-117   X           2048   59725   59725-22       X    
1183   62937   62937-99   X           2049   59725   59725-4       X    
1184   62937   62937-16   X           2050   59725   59725-11       X    
1185   62937   62937-101   X           2051   59725   59725-28       X    
1186   62937   62937-81   X           2052   59725   59725-41       X    
1187   62937   62937-52   X           2053   59725   59725-30       X    
1188   62937   62937-111   X           2054   59725   59725-9       X    
1189   62937   62937-38   X           2055   59929   59929-80       X    
1190   62937   62937-73   X           2056   59929   59929-95       X    
1191   62937   62937-70   X           2057   59929   59929-8       X    
1192   62937   62937-113   X           2058   59929   59929-94       X    
1193   62937   62937-21   X           2059   59929   59929-112       X    
1194   62997   62997-1   X           2060   59929   59929-117       X    
1195   63066   63066-40   X           2061   59929   59929-114       X    
1196   63066   63066-28   X           2062   59929   59929-35       X    
1197   63066   63066-23   X           2063   59929   59929-25       X    
1198   63066   63066-38   X           2064   59929   59929-119       X    
1199   63066   63066-34   X           2065   59929   59929-71       X    
1200   63066   63066-16   X           2066   59929   59929-66       X    
1201   63066   63066-45   X           2067   59929   59929-49       X    
1202   63066   63066-11   X           2068   59929   59929-96       X    
1203   63066   63066-24   X           2069   59929   59929-43       X    
1204   63066   63066-49   X           2070   59929   59929-3       X    
1205   63066   63066-29   X           2071   59929   59929-63       X    
1206   63066   63066-31   X           2072   59929   59929-97       X    
1207   63066   63066-9   X           2073   59929   59929-73       X    
1208   63117   63117-19   X           2074   59929   59929-18       X    
1209   63117   63117-5   X           2075   59929   59929-106       X    
1210   63117   63117-15   X           2076   59929   59929-98       X    
1211   63117   63117-1   X           2077   59929   59929-47       X    
1212   63117   63117-9   X           2078   59929   59929-6       X    
1213   63175   63175-2   X           2079   59929   59929-22       X    
1214   63175   63175-9   X           2080   59929   59929-110       X    
1215   63175   63175-5   X           2081   59929   59929-85       X    
1216   63243   63243-1   X           2082   59929   59929-11       X    
1217   63243   63243-5   X           2083   59929   59929-78       X    
1218   63243   63243-16   X           2084   59929   59929-55       X    
1219   63243   63243-10   X           2085   59984   59984-6       X    
1220   63243   63243-12   X           2086   59984   59984-2       X    
1221   63384   63384-3   X           2087   59984   59984-14       X    
1222   63384   63384-4   X           2088   59984   59984-18       X    
1223   63384   63384-2   X           2089   59984   59984-11       X    
1224   63384   63384-7   X           2090   59984   59984-10       X    
2001   49261   49261-2       X       2091   59984   59984-20       X    
2002   49261   49261-3       X       2092   60144   60144-9       X    
2003   49261   49261-1       X       2093   60144   60144-14       X    
2004   53451   53451-1       X       2094   60144   60144-5       X    
2005   54072   54072-1       X       2095   60144   60144-7       X    
2006   58113   58113-15       X       2096   60574   60574-1       X    
2007   58113   58113-31       X       2097   60706   60706-1       X    
2008   58113   58113-41       X       2098   60706   60706-3       X    
2009   58113   58113-34       X       2099   60785   60785-20       X    
2010   58113   58113-22       X       2100   60785   60785-27       X    
2011   58113   58113-25       X       2101   60785   60785-33       X    
2012   58113   58113-53       X       2102   60785   60785-35       X    
2013   58113   58113-16       X       2103   60785   60785-4       X    
2014   58113   58113-32       X       2104   60785   60785-12       X    
2015   58113   58113-33       X       2105   60785   60785-30       X    
2016   58113   58113-24       X       2106   60785   60785-10       X    
2017   58113   58113-50       X       2107   60785   60785-36       X    
2018   58113   58113-51       X       2108   60785   60785-22       X    
2019   58113   58113-5       X       2109   60785   60785-34       X    
2020   58113   58113-10       X       2110   60785   60785-31       X    
2021   58975   58975-2       X       2111   60803   60803-31       X    
2022   58975   58975-3       X       2112   60803   60803-7       X    
2023   58975   58975-8       X       2113   60803   60803-18       X    
2024   58975   58975-1       X       2114   60803   60803-32       X    
2025   58975   58975-6       X       2115   60803   60803-24       X    
2026   58975   58975-4       X       2116   60803   60803-12       X    
2027   58975   58975-7       X       2117   60803   60803-21       X    
2028   59040   59040-8       X       2118   60803   60803-22       X    
2029   59040   59040-2       X       2119   60803   60803-15       X    
2030   59040   59040-12       X       2120   60803   60803-10       X    
2031   59040   59040-10       X       2121   60803   60803-23       X    
2032   59594   59594-18       X       2122   60803   60803-9       X    
2033   59594   59594-4       X       2123   60803   60803-26       X    
2034   59594   59594-8       X       2124   60803   60803-6       X    
2035   59594   59594-15       X       2125   60803   60803-29       X    
2036   59594   59594-11       X       2126   60803   60803-20       X    
2037   59594   59594-23       X       2127   60803   60803-16       X    
2038   59594   59594-3       X       2128   60927   60927-5       X    
2039   59601   59601-4       X       2129   60927   60927-1       X    
2040   59601   59601-2       X       2130   60927   60927-2       X    
2041   59601   59601-3       X       2131   60927   60927-4       X    
2042   59601   59601-1       X       2132   60927   60927-3       X    
2043   59725   59725-21       X       2133   60971   60971-9       X    
2044   59725   59725-23       X       2134   60971   60971-6       X    
2045   59725   59725-24       X       2135   60971   60971-7       X    
2046   59725   59725-32       X       2136   60971   60971-1       X    

 

 

 

 

Exhibit 1 to Attachment A

Page 3 of 3

 

Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample Properties 2   Removed
Sample
Properties
  Sample
Property
Number
  Loan ID   Property ID   Sample
Properties 1
  Sample
Properties 2
  Removed
Sample
Properties
2137   60971   60971-5       X       2217   61562   61562-152       X    
2138   60971   60971-2       X       2218   61562   61562-49       X    
2139   60971   60971-8       X       2219   61562   61562-91       X    
2140   60971   60971-4       X       2220   61562   61562-115       X    
2141   60971   60971-11       X       2221   61562   61562-89       X    
2142   60971   60971-3       X       2222   61562   61562-72       X    
2143   60971   60971-10       X       2223   61562   61562-105       X    
2144   60999   60999-24       X       2224   61562   61562-110       X    
2145   60999   60999-4       X       2225   61562   61562-31       X    
2146   60999   60999-5       X       2226   61562   61562-101       X    
2147   60999   60999-15       X       2227   61562   61562-147       X    
2148   60999   60999-19       X       2228   61562   61562-79       X    
2149   60999   60999-8       X       2229   61567   61567-16       X    
2150   60999   60999-21       X       2230   61567   61567-10       X    
2151   61026   61026-41       X       2231   61567   61567-18       X    
2152   61026   61026-13       X       2232   61567   61567-2       X    
2153   61026   61026-45       X       2233   61567   61567-5       X    
2154   61026   61026-44       X       2234   61567   61567-13       X    
2155   61026   61026-26       X       2235   61567   61567-11       X    
2156   61026   61026-22       X       2236   61567   61567-8       X    
2157   61026   61026-33       X       2237   61629   61629-88       X    
2158   61026   61026-27       X       2238   61629   61629-30       X    
2159   61026   61026-40       X       2239   61629   61629-82       X    
2160   61026   61026-42       X       2240   61629   61629-55       X    
2161   61026   61026-46       X       2241   61629   61629-90       X    
2162   61026   61026-32       X       2242   61629   61629-20       X    
2163   61026   61026-30       X       2243   61629   61629-96       X    
2164   61091   61091-7       X       2244   61629   61629-94       X    
2165   61091   61091-1       X       2245   61629   61629-27       X    
2166   61091   61091-8       X       2246   61629   61629-47       X    
2167   61091   61091-13       X       2247   61629   61629-98       X    
2168   61091   61091-4       X       2248   61629   61629-64       X    
2169   61091   61091-6       X       2249   61629   61629-78       X    
2170   61091   61091-11       X   X   2250   61629   61629-18       X    
2171   61091   61091-15       X       2251   61629   61629-6       X    
2172   61307   61307-18       X       2252   61629   61629-60       X    
2173   61307   61307-4       X       2253   61629   61629-50       X    
2174   61307   61307-15       X       2254   61629   61629-45       X    
2175   61307   61307-2       X       2255   61629   61629-11       X    
2176   61307   61307-11       X       2256   61629   61629-72       X    
2177   61307   61307-14       X       2257   61629   61629-34       X    
2178   61307   61307-12       X       2258   61629   61629-87       X    
2179   61307   61307-8       X       2259   61629   61629-75       X    
2180   61307   61307-19       X       2260   61629   61629-66       X    
2181   61307   61307-7       X       2261   61629   61629-69       X    
2182   61316   61316-1       X       2262   61629   61629-33       X    
2183   61316   61316-6       X       2263   61836   61836-13       X    
2184   61316   61316-8       X       2264   61836   61836-9       X    
2185   61453   61453-10       X       2265   61836   61836-14       X    
2186   61453   61453-7       X       2266   61836   61836-22       X    
2187   61453   61453-9       X       2267   61836   61836-15       X    
2188   61562   61562-29       X       2268   61836   61836-20       X    
2189   61562   61562-144       X       2269   61836   61836-21       X    
2190   61562   61562-111       X       2270   61836   61836-4       X    
2191   61562   61562-77       X       2271   61836   61836-3       X    
2192   61562   61562-60       X       2272   61990   61990-16       X    
2193   61562   61562-94       X       2273   61990   61990-6       X    
2194   61562   61562-151       X       2274   61990   61990-35       X    
2195   61562   61562-75       X       2275   61990   61990-39       X    
2196   61562   61562-146       X       2276   61990   61990-22       X    
2197   61562   61562-21       X       2277   61990   61990-1       X    
2198   61562   61562-14       X       2278   61990   61990-26       X    
2199   61562   61562-120       X       2279   61990   61990-51       X    
2200   61562   61562-65       X       2280   61990   61990-15       X    
2201   61562   61562-106       X       2281   61990   61990-27       X    
2202   61562   61562-81       X       2282   61990   61990-43       X    
2203   61562   61562-100       X       2283   61990   61990-17       X    
2204   61562   61562-16       X       2284   61990   61990-30       X    
2205   61562   61562-82       X       2285   61990   61990-40       X    
2206   61562   61562-145       X       2286   61990   61990-7       X    
2207   61562   61562-76       X       2287   62039   62039-12       X    
2208   61562   61562-10       X       2288   62039   62039-11       X    
2209   61562   61562-95       X       2289   62039   62039-7       X    
2210   61562   61562-46       X       2290   62039   62039-3       X    
2211   61562   61562-44       X       2291   62039   62039-15       X    
2212   61562   61562-18       X       2292   62039   62039-2       X    
2213   61562   61562-84       X       2293   62039   62039-18       X    
2214   61562   61562-56       X       2294   62039   62039-10       X    
2215   61562   61562-19       X       2295   62039   62039-1       X    
2216   61562   61562-109       X                            

  

 Exhibit 2 to Attachment A
Page 1 of 2

 

Property Sampling Schedule

 

Mortgage Loan Population Loan ID provided by CoreVest
   
Preliminary Mortgage Loans 1 60870
  59945
  61228
  62089
  60118
  62028
  61231
  61329
  62278
  60140
  60841
  60018
  61184
  62169
  62363
  62181
  62501
  62997
  63384
  63117
  62937
  63243
  63066
  61780
  62547
  63175
   
Preliminary Mortgage Loans 2 49261
  53451
  54072
  58975
  59040
  60574
  59601
  60785
  60803
  59725
  59984
  61316
  59929
  60144

 

 Exhibit 2 to Attachment A
Page 2 of 2

 

Mortgage Loan Population Loan ID provided by CoreVest
   
Preliminary Mortgage Loans 2 (continued) 61026
60706
  60999
  61091
  61307
  58113
  60927
  61562
  61629
  61836
  62039
  60971
  61453
  61567
  61990
  59594

 

 Exhibit 3 to Attachment A
Page 1 of 4

 

Base Property Sample Characteristics and Property Source Documents

 

 

Base Property Sample Characteristic   Property Source Document(s)   Notes
         
Address (Street)   Appraisal or BPO   1., 2., 3.
City   Appraisal or BPO   1., 2.
Cut-Off Date Valuation Date   Appraisal or BPO   1., 2.
Cut-Off Date Valuation Type   Appraisal or BPO   1., 2., 4.
Cut-Off Date Value  

(a)      Appraisal or BPO or

(b)      Appraisal and recalculation

  1., 2.
Number of Bedrooms  

(a)      Appraisal, BPO or Building and Unit Description Report or

(b)      Appraisal or BPO and recalculation

  1., 2., 5.
Number of Bathrooms  

(a)      Appraisal, BPO or Building and Unit Description Report or

(b)      Appraisal or BPO and recalculation

  1., 2., 6.
Number of Units   Appraisal or BPO   1., 2.
Property Type   Appraisal or BPO   1., 2., 7.
State   Appraisal or BPO   1., 2.
Swimming Pool (Y/N)   Appraisal or BPO   1., 2., 8.
Total SF  

(a)      Appraisal, BPO or Building and Unit Description Report or

(b)      Appraisal or BPO and recalculation

  1., 2., 9.
Year Built  

(a)      Appraisal or BPO or

(b)      Appraisal or BPO and recalculation

  1., 2., 10.
Zip Code   Appraisal or BPO   1., 2., 11.

 

Notes:

 

1.For certain Sample Properties for which CoreVest, on behalf of the Depositor, provided more than one Appraisal and/or BPO Property Source Document, CoreVest, on behalf of the Depositor, instructed us to use the Appraisal and/or BPO Property Source Document with the most recent valuation date.

 

2.With respect to certain Sample Properties, the applicable Property Source Document contains conflicting information relating to certain Base Property Sample Characteristics. For such Sample Properties, CoreVest, on behalf of the Depositor, instructed us to note agreement if the information on the Property Data File for a Base Property Sample Characteristic agreed with any of the information on the corresponding Property Source Document which relates to such Base Property Sample Characteristic. We performed no procedures to reconcile any conflicting information which exists on the Property Source Documents for any of the Base Property Sample Characteristics.

 

 Exhibit 3 to Attachment A
Page 2 of 4

 

2. (continued)

  

Additionally, if more than one Property Source Document is listed for a Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, instructed us to note agreement if the value on the Property Data File for the Base Property Sample Characteristic agreed with the corresponding information on at least one of the Property Source Documents that are listed for such Base Property Sample Characteristic. We performed no procedures to reconcile any conflicting information that may exist between various Property Source Documents for any of the Base Property Sample Characteristics.

 

3.For the purpose of comparing the “Address (Street)” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, instructed us to ignore differences that are due to truncation, abbreviation or punctuation.

 

4.CoreVest, on behalf of the Depositor, indicated that the three possible values for the “Cut-Off Date Valuation Type” Base Property Sample Characteristic are “Appraisal,” “Exterior Appraisal” and “Interior Appraisal.” For the purpose of comparing the “Cut-Off Date Valuation Type” Base Property Sample Characteristic for each Sample Property where the applicable Property Source Document did not specifically state “Appraisal,” “Exterior Appraisal” or “Interior Appraisal,” CoreVest, on behalf of the Depositor, instructed us to use “Exterior Appraisal.”

 

5.For the purpose of comparing the “Number of Bedrooms” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, provided the following instructions:

 

a.For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Number of Bedrooms,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and

b.For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:

 

i.Recalculate the “Number of Bedrooms” for the Sample Property as the sum of the “Number of Bedrooms” for all units corresponding to such Sample Property, as shown on the Property Data File, and

ii.Compare the result of i. above to the corresponding information in the applicable Property Source Document.

 

 Exhibit 3 to Attachment A
Page 3 of 4

 

6.For the purpose of comparing the “Number of Bathrooms” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, provided the following instructions:

 

a.For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Number of Bathrooms,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and

b.For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:

 

i.Recalculate the “Number of Bathrooms” for the Sample Property as the sum of the “Number of Bathrooms” for all units corresponding to such Sample Property, as shown on the Property Data File, and

ii.Compare the result of i. above to the corresponding information in the applicable Property Source Document.

 

7.For the purpose of comparing the “Property Type” Base Property Sample Characteristic for each Sample Property with an attached unit or a semi-attached unit with a design style of “row house,” “colonial,” “duplex” or “twin,” as shown in the applicable Property Source Document, CoreVest, on behalf of the Depositor, instructed us to use “townhome.”

 

8.For the purpose of comparing the “Swimming Pool (Y/N)” Base Property Sample Characteristic for each Sample Property for which the applicable Property Source Document did not specifically state if the Sample Property has a swimming pool, CoreVest, on behalf of the Depositor, instructed us to use “N.”

 

9.For the purpose of comparing the “Total SF” Base Property Sample Characteristic for each Sample Property, CoreVest, on behalf of the Depositor, provided the following instructions:

 

a.For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Total SF,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and

b.For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:

 

i.Recalculate the “Total SF” for the Sample Property as the sum of the “Total SF” for all units corresponding to such Sample Property, as shown on the Property Data File, and

ii.Compare the result of i. above to the corresponding information in the applicable Property Source Document.

 

10.For the purpose of comparing the “Year Built” Base Property Sample Characteristic for each Sample Property for which the applicable Property Source Document did not specifically state the year built, CoreVest, on behalf of the Depositor, instructed us to recalculate the “Year Built” of each Sample Property by subtracting the property age (in years), as shown in the applicable Property Source Document, from the year of the “Cut-Off Date Valuation Date,” as shown on the Property Data File.

 

 Exhibit 3 to Attachment A
Page 4 of 4

 

11.For the purpose of comparing the “Zip Code” Base Property Sample Characteristic for each Sample Property, CoreVest, on behalf of the Depositor, instructed us to compare only the first five digits of the property zip code, as shown in the applicable Property Source Document.

  

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes above.

 

 Exhibit 4 to Attachment A
Page 1 of 13

 

Sample Property Base Property Sample Characteristic Differences

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1001   Number of Bathrooms   57.1   57.5
             
1001   Address (Street)   [Redacted]   [Redacted]
             
1007   Number of Bathrooms   2.2   3
             
1012   Zip Code   93535-1735   93535
             
1012   Number of Bathrooms   2.1   2.5
             
1013   Zip Code   93535-4869   93535
             
1013   Number of Bathrooms   2.1   2.5
             
1014   Cut-Off Date Valuation Date   1/15/2026   12/10/2025
             
1014   Number of Bathrooms   28.6   39
             
1018   Number of Bathrooms   1.1   1.5
             
1019   Property Type   SFR   Townhome
             
1020   Property Type   SFR   Townhome
             
1021   Total SF   3632   3784
             
1021   Address (Street)   [Redacted]   [Redacted]
             
1022   Total SF   2684   2428
             
1023   Total SF   2752   2684
             
1024   Address (Street)   [Redacted]   [Redacted]
             
1024   Total SF   2752   2364
             
1025   Total SF   3632   3784

 Exhibit 4 to Attachment A
Page 2 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1025   Address (Street)   [Redacted]   [Redacted]
             
1026   Total SF   2364   2416
             
1027   Number of Bathrooms   4.2   5
             
1027   Total SF   3024   2945
             
1027   Address (Street)   [Redacted]   [Redacted]
             
1028   Total SF   3632   3784
             
1028   Address (Street)   [Redacted]   [Redacted]
             
1029   Total SF   2364   2428
             
1030   Number of Bathrooms   4   5
             
1030   Total SF   3024   3632
             
1032   Address (Street)   [Redacted]   [Redacted]
             
1036   Number Bedrooms   3   2
             
1036   Number of Bathrooms   1.1   1.5
             
1040   Number Bedrooms   4   2
             
1046   Number of Bathrooms   1.1   1.5
             
1055   Address (Street)   [Redacted]   [Redacted]
             
1056   Address (Street)   [Redacted]   [Redacted]
             
1057   Number of Units   6   5
             
1057   Number of Bathrooms   5   6
             
1057   Address (Street)   [Redacted]   [Redacted]

 

 Exhibit 4 to Attachment A
Page 3 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1059   Address (Street)   [Redacted]   [Redacted]
             
1060   Property Type   SFR   Townhome
             
1061   Property Type   SFR   Townhome
             
1062   Number of Bathrooms   36.6   43
             
1064   Number of Bathrooms   2.2   3
             
1067   Number of Bathrooms   10.7   13.5
             
1069   Total SF   21230   20018
             
1070   Number of Bathrooms   3.5   2.5
             
1072   Number of Bathrooms   20.4   22
             
1074   Number of Bathrooms   29.5   35.5
             
1077   Total SF   13660   13656
             
1079   Address (Street)   [Redacted]   [Redacted]
             
1079   Total SF   3776   1888
             
1079   Number Bedrooms   8   4
             
1079   Number of Bathrooms   4   2
             
1080   Address (Street)   [Redacted]   [Redacted]
             
1083   Property Type   SFR   2-4 Unit
             
1088   Cut-Off Date Valuation Type   Appraisal   Exterior Appraisal
             
1091   Zip Code   30241-2332   30241
             
1100   Address (Street)   [Redacted]   [Redacted]
             
1101   Address (Street)   [Redacted]   [Redacted]

 

 Exhibit 4 to Attachment A
Page 4 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1102   Number of Bathrooms   1.1   1.5
             
1111   Address (Street)   [Redacted]   [Redacted]
             
1113   Address (Street)   [Redacted]   [Redacted]
             
1121   Total SF   1932   1920
             
1131   Address (Street)   [Redacted]   [Redacted]
             
1131   City   Canton   Akron
             
1132   Swimming Pool (Y/N)   Y   N
             
1132   Total SF   4050   4350
             
1134   Total SF   1585   1634
             
1135   Number of Bathrooms   1.1   1.5
             
1136   Total SF   1637   1659
             
1140   Address (Street)   [Redacted]   [Redacted]
             
1140   Zip Code   44305-3210   44305
             
1140   Total SF   3096   3216
             
1140   Number Bedrooms   7   8
             
1142   Zip Code   44311-1616   44311
             
1143   Address (Street)   [Redacted]   [Redacted]
             
1145   Address (Street)   [Redacted]   [Redacted]
             
1145   Number Bedrooms   12   13
             
1145   Total SF   4852   5384
             
1152   Total SF   3509   4112
             
1152   Number of Bathrooms   4.1   4.5
             

 Exhibit 4 to Attachment A
Page 5 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1154   Swimming Pool (Y/N)   Y   N
             
1156   Zip Code   44306-2309   44306
             
1156   Number of Bathrooms   1.1   1.5
             
1160   Zip Code   44305-2448   44305
             
1160   Total SF   1958   1927
             
1160   Number Bedrooms   4   5
             
1162   Total SF   1346   1427
             
1162   Cut-Off Date Valuation Date   03/27/2026   04/14/2026
             
1163   Year Built   2024   2024-2025
             
1164   Year Built   2024   2024-2025
             
1165   Year Built   2024   2024-2025
             
1166   Year Built   2024   2024-2025
             
1167   Year Built   2024   2024-2025
             
1168   Year Built   2025   2024-2025
             
1169   Year Built   2025   2024-2025
             
1169   Number Bedrooms   4   3
             
1170   Year Built   2024   2024-2025
             
1171   Year Built   2025   2024-2025
             
1172   Year Built   2025   2024-2025
             

 Exhibit 4 to Attachment A
Page 6 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1173   City   Mcallen   McAllen
             
1173   Number of Bathrooms   2.1   2.5
             
1173   Year Built   2024   2024-2025
             
1174   Year Built   2024   2024-2025
             
1175   City   Mcallen   McAllen
             
1175   Year Built   2025   2024-2025
             
1176   Year Built   2025   2024-2025
             
1177   Year Built   2025   2024-2025
             
1177   Number Bedrooms   4   3
             
1178   Year Built   2025   2024-2025
             
1179   Year Built   2025   2024-2025
             
1180   Year Built   2025   2024-2025
             
1181   Year Built   2025   2024-2025
             
1181   Number Bedrooms   4   3
             
1182   Year Built   2025   2024-2025
             
1182   Number Bedrooms   4   3
             
1183   City   Mcallen   McAllen
             
1183   Number of Bathrooms   2.1   2.5
             
1183   Year Built   2024   2024-2025
             
1184   Year Built   2025   2024-2025
             
1184   Number Bedrooms   4   3
             

 Exhibit 4 to Attachment A
Page 7 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1185   Year Built   2024   2024-2025
             
1186   Year Built   2025   2024-2025
             
1187   Year Built   2025   2024-2025
             
1188   Year Built   2025   2024-2025
             
1189   Year Built   2024   2024-2025
             
1190   Year Built   2025   2024-2025
             
1191   Year Built   2025   2024-2025
             
1192   Year Built   2025   2024-2025
             
1193   Year Built   2025   2024-2025
             
1193   Number Bedrooms   4   3
             
1194   Year Built   2024   2023
             
1194   Number of Bathrooms   44.1   52.5
             
1194   Property Type   Townhome   Multifamily
             
1195   Number of Bathrooms   2.1   2.5
             
1202   Zip Code   38672-1034   38672
             
1204   Number of Bathrooms   2.1   2.5
             
1205   Number of Bathrooms   2.1   2.5
             
1207   Number of Bathrooms   2.1   2.5
             
1208   Number of Bathrooms   2.1   2.5
             
1209   Zip Code   37040   37043
             
1209   Number of Bathrooms   2.1   2.5
             

 Exhibit 4 to Attachment A
Page 8 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
1211   City   Woodlawn   Clarksville
             
1213   Zip Code   64134-1458   64134
             
1213   Number of Bathrooms   1.1   1.5
             
1214   Zip Code   64134-2906   64134
             
1215   Zip Code   64134-3570   64134
             
1216   City   Saint Louis   Overland
             
1218   Address (Street)   [Redacted]   [Redacted]
             
1218   City   Saint Louis   Breckenridge Hills
             
1221   City   Woodlynne   Oaklyn
             
1223   City   Salem   Elsinboro Twp
             
1224   City   Flemington   Raritan
             
1224   Number of Bathrooms   1.1   1.5
             
2002   Number Bedrooms   20   19
             
2009   Address (Street)   [Redacted]   [Redacted]
             
2009   Property Type   2-4 Unit   SFR
             
2009   Number of Units   2   1
             
2009   Number of Bathrooms   4   3
             
2009   Cut-Off Date Value   $470,000   $660,000
             
2009   Cut-Off Date Valuation Date   10/14/2025   12/16/2025
             
2012   Address (Street)   [Redacted]   [Redacted]
             
2012   Total SF   2211   1470
             

 Exhibit 4 to Attachment A
Page 9 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
2012   Number Bedrooms   4   2
             
2012   Number of Bathrooms   3.5   2
             
2012   Cut-Off Date Valuation Date   10/16/2025   12/16/2025
             
2018   Address (Street)   [Redacted]   [Redacted]
             
2022   Total SF   512   1860
             
2023   Total SF   1197   2696
             
2025   Cut-Off Date Valuation Date   7/12/2025   7/21/2025
             
2039   City   Buffalo   West Seneca
             
2048   Address (Street)   [Redacted]   [Redacted]
             
2063   Swimming Pool (Y/N)   Y   N
             
2075   Swimming Pool (Y/N)   Y   N
             
2081   Swimming Pool (Y/N)   Y   N
             
2082   Swimming Pool (Y/N)   Y   N
             
2097   Swimming Pool (Y/N)   Y   N
             
2099   Address (Street)   [Redacted]   [Redacted]
             
2108   Address (Street)   [Redacted]   [Redacted]
             
2113   Number of Units   3   3
             
2116   Address (Street)   [Redacted]   [Redacted]
             
2119   Address (Street)   [Redacted]   [Redacted]
             
2124   Address (Street)   [Redacted]   [Redacted]
             
2125   Address (Street)   [Redacted]   [Redacted]
             

 Exhibit 4 to Attachment A
Page 10 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
2127   Address (Street)   [Redacted]   [Redacted]
             
2143   Swimming Pool (Y/N)   Y   N
             
2143   Number Bedrooms   1   0
             
2148   Address (Street)   [Redacted]   [Redacted]
             
2156   Address (Street)   [Redacted]   [Redacted]
             
2170   City   Cheektowaga   Buffalo
             
2171   Swimming Pool (Y/N)   Y   N
             
2173   Address (Street)   [Redacted]   [Redacted]
             
2177   Address (Street)   [Redacted]   [Redacted]
             
2178   Address (Street)   [Redacted]   [Redacted]
             
2178   Swimming Pool (Y/N)   Y   N
             
2179   Address (Street)   [Redacted]   [Redacted]
             
2180   Address (Street)   [Redacted]   [Redacted]
             
2184   Address (Street)   [Redacted]   [Redacted]
             
2212   Cut-Off Date Valuation Type   Appraisal   Exterior Appraisal
             
2229   Total SF   1319   1341
             
2237   Total SF   899   875
             
2237   City   Saint Louis   Overland
             
2239   Address (Street)   [Redacted]   [Redacted]
             
2239   City   St Louis   Overland
             
2244   City   St. Louis   Overland
             

 Exhibit 4 to Attachment A
Page 11 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
2247   City   St. Louis   Overland
             
2263   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2264   Cut-Off Date Value   $297,479   $275,000
             
2264   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2265   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2266   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2266   Cut-Off Date Value   $297,479   $368,000
             
2267   Address (Street)   [Redacted]   [Redacted]
             
2267   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2268   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2269   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2270   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2270   Total SF   2768   2817
             
2271   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2277   Total SF   2117   2283
             
2285   City   South Euclid   Cleveland
             
2287   Address (Street)   [Redacted]   [Redacted]
             
2287   Cut-Off Date Value   $594,958   $410,000
             
2287   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2288   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2288   Cut-Off Date Value   $297,479   $306,000
             

 

 Exhibit 4 to Attachment A
Page 12 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
2289   Address (Street)   [Redacted]   [Redacted]
             
2289   Cut-Off Date Value   $594,958   $450,000
             
2289   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2290   Cut-Off Date Value   $594,958   $550,000
             
2290   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2290   Address (Street)   [Redacted]   [Redacted]
             
2291   Address (Street)   [Redacted]   [Redacted]
             
2291   Cut-Off Date Value   $594,958   $354,000
             
2291   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2292   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2292   Address (Street)   [Redacted]   [Redacted]
             
2293   Cut-Off Date Value   $297,479   $400,000
             
2293   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2294   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2294   Cut-Off Date Value   $297,479   $330,000
             
2295   Address (Street)   [Redacted]   [Redacted]
             
2295   Cut-Off Date Valuation Type   Interior Appraisal   Appraisal
             
2001   Cut-Off Date Valuation Date   3/8/2024   5/21/2026
             
2129   Total SF   18090   18008
             
2129   Address (Street)   [Redacted]   [Redacted]
             
2129   City   Bonaire   <Blank>
             

 Exhibit 4 to Attachment A
Page 13 of 13

 

Sample
Property
Number
  Base Property
Sample Characteristic
  Preliminary Property Data File
Value
  Property Source Document Value
             
2129   State   GA   <Blank>
             
2129   Zip Code   31005   <Blank>
             
2128   Address (Street)   [Redacted]   [Redacted]
             
2128   City   Bonaire   <Blank>
             
2128   State   GA   <Blank>
             
2128   Zip Code   31005   <Blank>
             
2131   Address (Street)   [Redacted]   [Redacted]
             
2131   City   Bonaire   <Blank>
             
2131   State   GA   <Blank>
             
2131   Zip Code   31005   <Blank>
             
2132   Address (Street)   [Redacted]   [Redacted]
             
2132   City   Bonaire   <Blank>
             
2132   State   GA   <Blank>
             
2132   Zip Code   31005   <Blank>
             
2130   Address (Street)   [Redacted]   [Redacted]
             
2130   City   Bonaire   <Blank>
             
2130   State   GA   <Blank>
             
2130   Zip Code   31005   <Blank>
             

 

 Exhibit 5 to Attachment A
Page 1 of 11

 

Compared Mortgage Loan Characteristics and Mortgage Loan Source Documents

 

Underwriting Information:

 

Compared Mortgage Loan Characteristic   Mortgage Loan Source Document(s)
     
UW Annual Rent ($)   Underwriting Summary
Average Lease Term   Underwriting Summary
UW Other Income ($)   Underwriting Summary
UW Credit and Vacancy Loss ($)   Underwriting Summary
UW Effective Gross Income ($)   Underwriting Summary
UW Annual Property Management Fee ($)   Underwriting Summary
UW Annual Marketing and Leasing Costs ($)   Underwriting Summary
UW Repairs and Maintenance ($)   Underwriting Summary
UW Annual Insurance Costs ($)   Underwriting Summary
UW Annual HOA/Special Assessment Fees ($)   Underwriting Summary
UW Annual Real Estate Taxes ($)   Underwriting Summary
UW Annual Turnover Costs ($)   Underwriting Summary
UW Annual Landscaping ($)   Underwriting Summary
UW Annual Other Costs ($)   Underwriting Summary
UW Annual Expenses ($)   Underwriting Summary
UW Annual Net Operating Income ($)   Underwriting Summary
UW Annual CapEx Reserve ($)   Underwriting Summary
UW Annual Net Cash Flow ($)   Underwriting Summary
Value at Origination ($)   Underwriting Summary
% HOA   Underwriting Summary
% Section 8   Underwriting Summary
Occupancy as of Origination   Underwriting Summary
Number of Units   Underwriting Summary
Number of Properties   Underwriting Summary

 

Reserve and Escrow Information:

 

Compared Mortgage Loan Characteristic   Mortgage Loan Source Document(s)
     
Monthly Tax Escrow   Loan Agreement or Settlement Statement
Monthly Insurance Escrow   Loan Agreement or Settlement Statement
Monthly Capital Expenditure Escrow ($)   Loan Agreement, Settlement Statement, Servicer Report or Partial Release Letter
Upfront Leasing Escrow ($)   Loan Agreement or Settlement Statement
Monthly Leasing Escrow ($)   Loan Agreement or Settlement Statement
Upfront Interest Escrow ($)   Loan Agreement or Settlement Statement
Monthly Interest Escrow ($)   Loan Agreement or Settlement Statement
Upfront Deferred Maintenance Escrow ($)   Loan Agreement or Settlement Statement
Monthly Deferred Maintenance Escrow ($)   Loan Agreement or Settlement Statement

 

 Exhibit 5 to Attachment A
Page 2 of 11

 

Mortgage Loan Information:

 

Compared Mortgage Loan Characteristic   Mortgage Loan Source Document(s)
     
Rent Rolls (Y/N)   Loan Agreement
Frequency of Rent Rolls   Loan Agreement
Operating Statement (Y/N)   Loan Agreement
Frequency of Operating Statements   Loan Agreement
Loan Originator   Loan Agreement
Borrower   Loan Agreement
Guarantor   Guaranty Agreement
Type of Guarantor (Individual or Type of Entity)   Guaranty Agreement
Guarantor FICO   Credit Report
Sponsor   Loan Agreement
Origination Date   Promissory Note, Loan Agreement or Loan Modification Agreement
Payment Date   Loan Agreement
First Payment Date   Loan Agreement
Initial Maturity Date   Loan Agreement
Mortgage Loan Initial Funded Amount ($)   Loan Agreement or Loan Modification Agreement
Monthly Debt Service ($)   Loan Agreement, Loan Modification Agreement or Loan Amortization Schedule
Rate Type   Loan Agreement
Interest Rate   Loan Agreement
Interest Rate Accrual   Loan Agreement
Amortization Type   Loan Agreement
IO Term (months)   Loan Agreement
Recourse (Y/N)   Guaranty Agreement
Recourse to Guarantor (Full, Partial, Carve-out, None)   Guaranty Agreement
Property Manager   Loan Agreement or Management Agreement
Prepayment Provision   Loan Agreement or Loan Modification Agreement
Original Yield Maintenance Period   Loan Agreement or Loan Modification Agreement
Other Prepayment Provision   Loan Agreement
Open Period   Loan Agreement or Loan Modification Agreement
YM Calculation Method (PV or Int Diff)   Loan Agreement or Loan Modification Agreement
Calc’d Through (Maturity or Open)   Loan Agreement or Loan Modification Agreement
PV Discount Treasury Projection Term (Maturity or Open)   Loan Agreement
PV Discount Treasury Compounding Type (MEY or BEY)   Loan Agreement
SPE (Y/N)   Loan Agreement
Independent Director (Y/N)   Loan Agreement

 

 Exhibit 5 to Attachment A
Page 3 of 11

 

Mortgage Loan Information: (continued)

 

Compared Mortgage Loan Characteristic   Mortgage Loan Source Document(s)
     
Substitution Permitted (Y/N)   Loan Agreement
Partial Release Permitted (Y/N)   Loan Agreement
Substitution Provision Description   Loan Agreement
Partial Release Provisions   Loan Agreement
Partial Release Premium   Loan Agreement
Grace Period (Late Fee)   Loan Agreement
Grace Period (Principal and Interest)   Loan Agreement
Existing Secondary Financing (Y/N)   Loan Agreement
Secondary Financing Amount (Existing)   Loan Agreement
Secondary Financing Description   Loan Agreement
Future Secondary Financing Allowed (Y/N)   Loan Agreement
Future Secondary Financing Description   Loan Agreement
Lockbox Type   Loan Agreement
Lockbox Trigger   Loan Agreement
Cash Management Type   Loan Agreement
Cash Management and Cash Trap Trigger (for Springing Cash Management) and Cash Trap Trigger (for Hard Cash Management)   Loan Agreement
Multiple Borrowers (Y/N)   Loan Agreement

 

 Exhibit 5 to Attachment A
Page 4 of 11

 

Notes:

 

1.For any Mortgage Loan on the Preliminary Mortgage Loan Data File listed in the table below, CoreVest, on behalf of the Depositor, instructed us to use the information in the “Provided Value” column for the applicable characteristic listed in the table below, even if the information in the “Provided Value” column did not agree with the corresponding information that was shown in the applicable Mortgage Loan Source Document(s) or the applicable Mortgage Loan Source Document(s) were not provided to us.

 

Loan ID Characteristic Provided Value
     
60841 Guarantor FICO N/A
61990 Guarantor FICO FN
61026 Guarantor FICO FN
60927 Guarantor FICO FN
54072 Guarantor FICO FN
59601 Guarantor FICO FN
61453 Guarantor FICO FN
62937 Value at Origination ($) 34,600,013
61091 Mortgage Loan Initial Funded Amount ($) 1,673,800.21
  Guarantor FICO FN
  Value at Origination ($) 2,232,000
  Number of Properties 13
  Number of Units 23
  Occupancy as of Origination 95.7%

 

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the “Provided Value” information in the table above that was provided by CoreVest, on behalf of the Depositor.

 

 Exhibit 5 to Attachment A
Page 5 of 11

 

2.For the purpose of comparing the “Underwriting Information” Compared Mortgage Loan Characteristics that are expressed as dollar values, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $2.00 or less.

 

3.For the purpose of comparing the “% HOA” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to divide:

 

a.The total number of Mortgaged Properties that secure the Mortgage Loan which have an associated HOA fee in the “HOA” column, as shown on the underwriting summary Mortgage Loan Source Document, by

b.The total number of Mortgaged Properties that secure the Mortgage Loan, as shown on the underwriting summary Mortgage Loan Source Document.

 

4.For the purpose of comparing the “% Section 8” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to divide:

 

a.The total number of units at the Mortgaged Properties that secure the Mortgage Loan which have “Y” or “Yes” in the “Section 8” column, as shown on the underwriting summary Mortgage Loan Source Document, by

b.The total number of units at the Mortgaged Properties that secure the Mortgage Loan, as shown on the underwriting summary Mortgage Loan Source Document.

 

5.For the purpose of comparing the “Guarantor FICO” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, provided the following instructions:

 

a.For each Mortgage Loan that has one “Guarantor,” as shown on the Preliminary Mortgage Loan Data File, use (i) the highest FICO score of the “Guarantor” if two FICO scores are listed on the credit report Mortgage Loan Source Document or (ii) the median FICO score of the “Guarantor” if three FICO scores are listed on the credit report Mortgage Loan Source Document and

b.For each Mortgage Loan that has more than one “Guarantor,” as shown on the Preliminary Mortgage Loan Data File, follow the methodology described in a. above to determine the FICO score for each “Guarantor,” and use the highest resulting FICO score.

 

 Exhibit 5 to Attachment A
Page 6 of 11

 

6.For the purpose of comparing the “First Payment Date” Compared Mortgage Loan Characteristic for each Mortgage Loan where the applicable Mortgage Loan Source Document does not define the first payment date, CoreVest, on behalf of the Depositor, instructed us to assume that the “First Payment Date” is the ninth (9th) day of the calendar month following the first full interest accrual period, as described in the applicable Mortgage Loan Source Document.

 

7.For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for each Mortgage Loan except for:

 

a.Any Mortgage Loan (i) with an “Amortization Type” of “Amortizing Balloon” or “Interest Only, Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File, and (ii) which does not have a stated monthly debt service amount in the applicable Mortgage Loan Source Document (each, a “Recalculated Amortizing Mortgage Loan”) and

b.Any Mortgage Loan with an “Amortization Type” of “Interest Only,” as shown on the Preliminary Mortgage Loan Data File (each, an “Interest Only Mortgage Loan”),

 

which are described in the succeeding paragraph(s) of this Note, CoreVest, on behalf of the Depositor, instructed us to use the stated monthly debt service amount that is shown in the applicable Mortgage Loan Source Document.

 

For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for any Recalculated Amortizing Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to recalculate the “Monthly Debt Service ($)” using the “PMT” function in Microsoft Excel and:

 

a.The “Mortgage Loan Initial Funded Amount ($),” as shown on the Preliminary Mortgage Loan Data File,

b.The “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File (adjusted as described in the succeeding paragraph(s) of this Note, as applicable) and

c.The principal amortization period, as shown in the applicable Mortgage Loan Source Document.

 

For the purpose of the “Monthly Debt Service ($)” recalculation described above for any Recalculated Amortizing Mortgage Loan which also has an “Interest Rate Accrual” of “Actual/360,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to divide the “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File, by twelve (12) and then multiply by a fraction equal to 365/360.

 

 Exhibit 5 to Attachment A
Page 7 of 11

 

7. (continued)

 

For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for any Interest Only Mortgage Loan which also has an “Interest Rate Accrual” of “Actual/360,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to recalculate the “Monthly Debt Service ($)” as 1/12th of the product, rounded to two decimal places, of:

 

a.The “Mortgage Loan Initial Funded Amount ($),” as shown on the Preliminary Mortgage Loan Data File,

b.The “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File, and

c.365/360.

 

For the purpose of the “Monthly Debt Service ($)” characteristic for the Mortgage Loan identified on the Preliminary Mortgage Loan Data File as “61091” (the “61091 Mortgage Loan”), CoreVest, on behalf of the Depositor, instructed us to use “10,793.27,” as shown on the applicable loan amortization schedule Source Document.

 

8.For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Mortgage Loan with an “Amortization Type” of “Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File (each, an “Amortizing Balloon Mortgage Loan”), CoreVest, on behalf of the Depositor, instructed us to use “N/A.”

 

For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the “Original Term to Maturity (months)” (as defined herein), as shown on the Preliminary Mortgage Loan Data File.

 

For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Mortgage Loan with an “Amortization Type” of “Interest Only, Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to use the procedures described in Note 6 to determine the “First Payment Date” to use for the purpose of determining the “IO Term (months).”

 

9.For the purpose of comparing the:

 

a.Prepayment Provision,

b.Original Yield Maintenance Period,

c.Open Period,

d.YM Calculation Method (PV or Int Diff),

e.Calc’d Through (Maturity or Open),

f.PV Discount Treasury Projection Term (Maturity or Open) and

g.PV Discount Treasury Compounding Type (MEY or BEY)

 

characteristics, CoreVest, on behalf of the Depositor, instructed us to ignore any prepayment premiums, prepayments without penalty or other conditions related to partial release events, as described in the applicable Mortgage Loan Source Document.

 

 Exhibit 5 to Attachment A
Page 8 of 11

 

10.For certain Mortgage Loans, the applicable Mortgage Loan Source Document contains:

 

a.A definition for “Par Prepayment Date,” which is shown as a certain “Payment Date” (e.g., the 114th Payment Date),

b.A definition for “Payment Date,” which is defined as “with respect to each Interest Accrual Period, the ninth (9th) day of the calendar month immediately succeeding such Interest Accrual Period” and

c.A definition for “Interest Accrual Period,” which is defined as “each period from and including the first day of a calendar month through and including the last day of such calendar month.  Notwithstanding the foregoing, the first Interest Accrual Period shall commence on and include the Closing Date.”

 

For the purpose of comparing the:

 

a.Prepayment Provision,

b.Original Yield Maintenance Period and

c.Open Period

 

Compared Mortgage Loan Characteristics for each Mortgage Loan described in the preceding paragraph, CoreVest, on behalf of the Depositor, instructed us to assume that for the purpose of determining the “Par Prepayment Date” or payment date requirement(s) as shown on the respective prepayment schedule in the applicable Source Document(s), the first “Payment Date” is the ninth (9th) day of the calendar month which follows the calendar month in which the “Origination Date” occurs (the “Stub Payment Date”), even though:

 

i.There will not be a debt service payment made on the Stub Payment Date and

ii.The “First Payment Date” of the Mortgage Loan, as shown on the Preliminary Mortgage Loan Data File, will be the ninth (9th) day of the second calendar month which follows the calendar month in which the “Origination Date” occurs.

 

 Exhibit 5 to Attachment A
Page 9 of 11

 

11.For the purpose of comparing the “Original Yield Maintenance Period” Compared Mortgage Loan Characteristic for any Mortgage Loan that can be fully prepaid with yield maintenance, as shown in the applicable Mortgage Loan Source Document (each, a “Yield Maintenance Mortgage Loan”), CoreVest, on behalf of the Depositor, instructed us to include the number of “Payment Dates” from and including the “First Payment Date” through and including the “Initial Maturity Date” of the Yield Maintenance Mortgage Loan on which the borrower is required to remit a yield maintenance payment in connection with a voluntary prepayment of the Yield Maintenance Mortgage Loan in the “Original Yield Maintenance Period” of the Yield Maintenance Mortgage Loan (in accordance with the additional instructions provided by CoreVest, on behalf of the Depositor, which are described in Note 10, as applicable), as shown in the applicable Mortgage Loan Source Document.

 

For the purpose of comparing the “Original Yield Maintenance Period” Compared Mortgage Loan Characteristic for any Mortgage Loan that is not a Yield Maintenance Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A.”

 

For the purpose of comparing the “Open Period” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to include the number of “Payment Dates” from and including the “First Payment Date” through and including the “Initial Maturity Date” of the Mortgage Loan on which the borrower can voluntarily prepay the Mortgage Loan without the payment of a yield maintenance payment or a prepayment premium in the “Open Period” of the Mortgage Loan (in accordance with the additional instructions provided by CoreVest, on behalf of the Depositor, which are described in Note 10, as applicable), as shown in the applicable Mortgage Loan Source Document.

 

12.For the purpose of comparing the “Future Secondary Financing Allowed (Y/N)” Compared Mortgage Loan Characteristic for any Mortgage Loan that references a “Permitted Mezzanine Loan” in the applicable Mortgage Loan Source Document, CoreVest, on behalf of the Depositor, instructed us to: (i) assume that this “Permitted Mezzanine Loan” debt does not constitute additional debt that may be placed by the borrower on the collateral that secures the Mortgage Loan and (ii) use “N.”

 

 Exhibit 5 to Attachment A
Page 10 of 11

 

13.For the purpose of comparing the “Lockbox Type” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the following definitions, as applicable:

 

a.Springing – As of the origination date of the Mortgage Loan, the borrower and/or related property manager is required to deposit any rent it receives in a rent deposit account or restricted account, as applicable. Upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, the lender requires or has the option to require the borrower to direct tenants to deposit funds directly to a lockbox account or restricted account, as applicable,

b.Hard – As of the origination date of the Mortgage Loan, there is an established lockbox account controlled by the lender into which tenants are required to deposit rents directly and

c.N/A – As of the origination date of the Mortgage Loan, either:

 

i.The borrower or the related property manager is not required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt,

ii.The borrower or the related property manager is required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt, however, there are no requirements for the borrower to direct tenants to deposit funds directly to a rent deposit account upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, or

iii.The borrower of the related property manager is not required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt. Upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, the lender has the option to require the borrower to direct tenants to deposit funds directly to an account designated by the lender or to such other third party as directed by the lender.

 

 Exhibit 5 to Attachment A
Page 11 of 11

 

14.For the purpose of comparing the “Cash Management Type” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the following definitions, as applicable:

 

a.Springing – Prior to an event of default or certain trigger events that are described in the applicable Mortgage Loan Source Document, all cash on deposit in a rent deposit account is released periodically to the borrower. Upon the occurrence an event of default or certain trigger events that are described in the applicable Mortgage Loan Source Document, all cash on deposit in the rent deposit account will be swept to a lender controlled cash management account and will be applied in accordance with the terms of the applicable Mortgage Loan Source Document,

b.Hard – As of the origination date of the Mortgage Loan, all cash on deposit in the rent deposit account is swept to a lender controlled cash management account and is applied in accordance with the terms of the applicable Mortgage Loan Source Document and

c.N/A – In accordance with the terms of the applicable Mortgage Loan Source Document, no cash management account is required to be established during the term of the related Mortgage Loan.

 

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes above.

 

 Exhibit 6 to Attachment A

 

Provided Mortgage Loan Characteristics

 

Characteristic
 
Berkadia ID
Loan ID
Include (Y/N)
Closed (Y/N)
Tape Date
Updated OSAR as of Date
Prefunding Y/N
Loan Seller
Loan Purpose
Refinance Type
Loan
Next Due Date
Lien Position
Cut Off Date Value ($)
Guarantor Net Worth
Guarantor Liquidity
Recourse to Borrower (Full, Partial, Carve-out, None)
Equity Pledge (Y/N)
Occupancy as of Date
Property Manager Type
Rent Rolls Required as of 3/31 (Y/N)
Most Recent Occupancy
Most Recent Occupancy as of Date
NOI as of 3/31
NCF as of 3/31
Servicer
Servicing Fee Rate
Distributed Ledger Fee Rate
Trustee/Note Administrator Fee Rate
CREFC® License Fee Rate
Special Servicing Fee
Property Management Consultant Fee
Operating Statement Required as of 3/31 (Y/N)
Rank Loan Number

 

Note:We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the Provided Mortgage Loan Characteristics.