Client Name:  
Client Project Name: ACRA 2026-NQM1
Start - End Dates: 3/18/2026 - 5/28/2026
Deal Loan Count: 312
   
Conditions Report 2.0
   
Loans in Report: 312
Loans with Conditions:   116
   

Loan Number Original Principal Balance State Initial Lender ATR/QM Status Loan Level ATR/QM Status Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Credit Loan Grade Final Securitization Credit Loan Grade Initial Securitization Property Valuations Loan Grade Final Securitization Property Valuations Loan Grade Initial Securitization Compliance Loan Grade Final Securitization Compliance Loan Grade Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Credit Loan Grade Final S&P Credit Loan Grade Initial S&P Property Valuations Loan Grade Final S&P Property Valuations Loan Grade Initial S&P Compliance Loan Grade Final S&P Compliance Loan Grade Condition Category Condition Sub Category Condition Status Initial Securitization Condition Grade Final Securitization Condition Grade Initial S&P Condition Grade Final S&P Condition Grade Condition Code Condition Description Condition Material Indicator Initial Comments Client/Seller Response Comments Conclusion Comments TRID Error Type Cure Method Compensating Factors
900000100 XXXXXX HI (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied C A C A PRVAAPPR1939 Appraiser License for Incorrect State No Appraisal in file is cut of and missing the Appraiser license page.  04/15/2026 client provided Appraisal 04/15/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has lived at the current residence for 14 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 11 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC $XXX leaves reserves of $XXX or 19 months. No reserves required.
900000100 XXXXXX HI (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR271 Comp photos are missing No Appraisal in file is cut of and missing the comparable photos. 04/15/2026 client provided Appraisal 04/15/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has lived at the current residence for 14 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 11 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC $XXX leaves reserves of $XXX or 19 months. No reserves required.
900000100 XXXXXX HI (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR281 Subject Photos are missing No Appraisal in file is cut of and missing the subject photos 04/15/2026 client provided Appraisal 04/15/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has lived at the current residence for 14 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 11 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC $XXX leaves reserves of $XXX or 19 months. No reserves required.
900000100 XXXXXX HI (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR284 Appraiser License Missing No Appraisal in file is cut of and missing the Appraiser license page.  04/15/2026 client provided Appraisal 04/15/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has lived at the current residence for 14 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 11 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC $XXX leaves reserves of $XXX or 19 months. No reserves required.
900000100 XXXXXX HI (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing updated valuation to support appraisal dated 1/21/2026. 04/17/2026 client response: Updated ULAW reflecting exception added for using original appraisal's Field review report for new appraisal dated 1/21/2026 uploaded. Field review dated 10/21/2025 as valuation report is acceptable to support appraisal dated 1/21/2026 considering within 90 days and same value of original appraisal of $XXX 04/17/2026 AVM from XXX is an acceptable vendor. Exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has lived at the current residence for 14 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 11 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC $XXX leaves reserves of $XXX or 19 months. No reserves required.
900000101 XXXXXX ME (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit Legal Documents Satisfied D A D A CRDLGL100 Legal document incorrect or incomplete No Provide documentation to support borrower has ownership in business XXX as owner for acceptance of leases for subject property and receipt of rent/security deposits.  5/13/26- Document Uploaded. Uploading Sec of State Entity Search Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 772 exceeds guidelines 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned primary residence for 30 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000101 XXXXXX ME (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit LTV/CLTV Waived B B B B CRDLTV5736 LTV Exceeds Guideline Requirement by less than 5% No LTV 67.01% exceeds the maximum of 65% for cash out transaction with DSCR < 1%. Lender approval in file for exception to DSCR under 1%. 5/13/26- Client acknowledged exception  Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 772 exceeds guidelines 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned primary residence for 30 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000102 XXXXXX GA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 18 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 4 years and 10 months.
900000103 XXXXXX MD (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit LTV/CLTV Waived B B B B CRDLTV3026 LTV Exceeds Guideline Requirement by at least 5%, but less than 10% No LTV of 70% exceed maximum LTV of 65% with DSCR score <1% for a cash out refinance. Lender exception in file. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 7 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 687 is > the minimum credit score of 640
900000104 XXXXXX MD (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 70% / Max LTV 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 687 exceeds min score requirement of 660.
900000105 XXXXXX PA (No Data) ATR/QM: Exempt B B A A B B N/A N/A B B A A B B N/A N/A Property Valuations Property Waived B B B B PRVAPROP177 Property Issues Indicated No Per guidelines, all 4 units to be rented.  Lender provided an exception. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 82 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 20 years.
900000107 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 69.77% and guidelines allow the HCLTV to be 75%

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 40 years
900000108 XXXXXX CT (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit Credit/Mtg History Waived D B D B CRDCRMH149 Missing support docs for VOM/VOR (e.g. cancelled checks) No Missing satisfactory mortgage rating for the mortgage lien held by a non-institutional lender. Per guidelines a VOM is not acceptable, Missing cancelled checks (front and back). Per Note provided in file, the first payment was due XXX 04/14/2026 Client response: Document Uploaded. Uploading updated ULAW with comp factors.04/14/2026 client acknowledged exception 04/14/2026 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B.  Comp Factor for Credit Score.04/14/2026 Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 751 is > the minimum credit score of 720.
900000108 XXXXXX CT (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit Legal Documents Waived D B D B CRDLGL100 Legal document incorrect or incomplete No Missing correct Note and Mortgage deed for the subject property with a Note date of XXX.Previous Note and Mortgage Deed in file reflects the property address of XXX and not the subject property of XXX 04/14/2026 Client response: Document Uploaded. Uploading updated ULAW with comp factors.04/14/2026 client acknowledged exception 04/14/2026 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B.  Comp Factor for Credit Score.04/14/2026 Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 751 is > the minimum credit score of 720.
900000113 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 699 exceeds min score requirement of 660.
900000114 XXXXXX NY (No Data) ATR/QM: Exempt D A D A A A A A D A D A A A A A Credit Assets Satisfied D A D A CRDAST2670 Asset documentation is insufficient per guideline requirements No Missing documentation to support XXX XXX Life Insurance for $14,709.55 4/28/26- Client uploaded missing document Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 746 exceeds min score requirement of 720.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 75% / Max LTV 85%.
900000115 XXXXXX UT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/ $XXX PITIA = 7.17-months reserves

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  730 qualifying score. Min required per guidelines is 640.
900000118 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive rental payment history 0x30x60

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 5 years.
900000119 XXXXXX FL (No Data) ATR/QM: Exempt D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL1817 Final HUD-1 is incomplete or illegible No Missing page 2 of the HUD-1 Settlement Statement dated 4/13/26. 4/27/26- Client uploaded final legible HUD for review Exception satisfied (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 70% and guidelines allow the HCLTV to be 75%

CFCFS1746: Significant housing expense reduction
- Clayton Comments:  Reduced the mortgage payment on the subject from $XXX per XXX check to $XXX PITI new loan which is a $XXX reduction
900000121 XXXXXX OR (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 81 months reviewed reporting 0 late payments.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has successfully operated and owned his XXX business for 14 years.
900000124 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 60% is < the maximum LTV of 65%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 788 is > the minimum credit score of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 1 has owned current primary residence for 27 years and 5 months.
900000125 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 685 FICO score. Minimum required 660.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 4 years.
900000126 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x45

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 745 exceeds min score requirement of 660.
900000127 XXXXXX CA (No Data) ATR/QM: Exempt C A C A A A A A C A C A A A A A Credit Credit/Mtg History Satisfied C A C A CRDCRMH1805 Debts/obligations not disclosed/accounted for at origination No Verify mortgage with XXX XXX dated 5/2021 original balance $XXX listed on credit report and as lien under subject property on the final 1003 is not attached to subject property.  03/27/2026 client provided updated 1003 and ULAW attaching XXX to the correct property XXX 03/27/2026 exception satisfied (No Data) Not Applicable CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 52 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 768 exceeds min score requirement of 660.

CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x99.
900000128 XXXXXX MT (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Property Satisfied D A D A PRVAPROP111 Legal Nonconforming w/out Rebuild Letter No Missing re-build letter. Per the appraisal- This appraiser is making Extraordinary assumption that the subject could be rebuilt if destroyed, however, this would have to be confirmed by XXX  - XXX department. This appraiser left a message with the city planner and has not heard back during the normal course. If this Extraordinary Assumption is found to be false it could greatly impact the appraisal results. 03/31/2026 Citadel response: XXX does not have
a specific guideline addressing this scenario. Per
XXX XXX policy, the company retains full
discretion in interpreting situations not explicitly
covered in the guidelines. In this instance,
management did not require a rebuild letter
because it is a long standing single family
residence (built 1906), Single family dwellings
are a permitted use in the XXX XXX(XXX) and the
appraiser identifies the highest and best use
(vacant and improved) as single family
residential04/02/2026 client acknowledged
exception03/31/2026 Clayton response: Per the
appraisers comment, they are making an extraordinary
assumption that property can be rebuilt. Exception
remains.04/02/2026 Final grade C5/6/26- Client uploaded
letter from XXX stating can be re-built as long as it
adheres to the district standards. 
Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 747 exceeds min score requirement of 730.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 22 years.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 45 months.

CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x81
900000129 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 75% / Max LTV 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 735 exceeds min score requirement of 720.
900000130 XXXXXX PA (No Data) ATR/QM: Exempt B B A A B B N/A N/A B B A A B B N/A N/A Property Valuations Property Waived B B B B PRVAPROP177 Property Issues Indicated No With this refinanced loan, Borrower will have 4 REO with mortgages with this lender, all on Investment property. Guidelines limit maximum # of mortgages with the same Borrower at 4, and one must be on owner occupied property.  client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x99.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 781 exceeds min score requirement of 730.
900000132 XXXXXX CA (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit Credit/Mtg History Waived B B B B CRDCRMH104 Credit score below guidelines No Credit score of 678 is < the minimum credit score of 700. Lender exception approval provided. 4/15/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 34.09% is < the maximum LTV of 60%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 77.17 mos.  Reserves required 6 mos.
900000132 XXXXXX CA (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit Terms/Guidelines Waived B B B B CRDTER4631 Loan parameters do not meet guidelines No Per guidelines, the maximum lot size is 25 acres.  Subject site size is 40 acres.  Lender exception approval provided. 4/15/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 34.09% is < the maximum LTV of 60%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 77.17 mos.  Reserves required 6 mos.
900000133 XXXXXX AZ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 139.88 months PITI, guidelines required 0 months PITI.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 55.260%; max allowed per guidelines is 75%. .

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  772 qualifying score. Min required per guidelines is 760.
900000134 XXXXXX AZ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 55.26%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  772 mid score > min required of 600.
900000135 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 725 is > the minimum credit score of 700.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 32.29 mos.  Reserves required 12 mos. for pricing exception.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 74.95% is < the maximum LTV of 80%
900000141 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 761 exceeds min score requirement of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 65% / Max LTV 75%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 9 years.
900000142 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  CB has 5.6 years at current primary.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 61.73% IS BELOW MAX OF 75%.
900000143 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 75% / Max LTV 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 704 exceeds min score requirement of 660.
900000144 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 80%, subject's LTV is 74.99%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required 640, borrower's credit score is 748
900000145 XXXXXX WI (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 48 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $0.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 681 exceeds min score requirement of 660.
900000146 XXXXXX MO (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X109.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0X30X48

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 13 years 8 months.
900000148 XXXXXX MD (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 755 exceeds min score requirement of 730.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 10 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 74.90% / Max LTV 75%.
900000149 XXXXXX AZ (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 677 exceeds min score requirement of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 56.48% / Max LTV 75%.
900000150 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 706 exceeds min score requirement of 660.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 99 months.
900000151 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 75%, subject's LTV is 64.06%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 721, borrower's credit score is 775.
900000155 XXXXXX HI (No Data) ATR/QM: Exempt C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing VVOE for borrower, XXX 5/5/26- VOE uploaded for review Exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  B1 has been with the employer for 21 years

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  B2 has been with the employer for 6 years 8 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX- $XXX PITIA x 3 months = $XXX = $XXX/$XXX PITIA = 4.65 additional months reserves.

CFCFS1746: Significant housing expense reduction
- Clayton Comments:  Benefit To  Borrower: Reduced the PITIA payment from $XXX to $XXX which is a $XXX reduction in monthly debt service for the subject property.
900000156 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has a satisfactory 54 month payment history

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 75%, subject's LTV is 46.67%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 679
900000157 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 739 FICO score. Minimum required 660.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 74 months reviewed reporting 0 late payments.
900000158 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided at current primary residence for 11 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 59.46% is < the maximum LTV of 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 691 is > the minimum credit score of 600.
900000159 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 801 is > the minimum credit score of 700.
900000160 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 61.76% is below max 75%
900000161 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 44.19%; max allowed per guidelines is 75%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 120.90 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current 5 residence for XX years.
900000162 XXXXXX NC (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 694 FICO score. Minimum required 640.
900000164 XXXXXX NY (No Data) ATR/QM: Exempt D A D A A A N/A N/A D A D A A A N/A N/A Credit Credit/Mtg History Satisfied D A D A CRDCRMH189 Missing credit report No Missing Credit Report as required per guidelines. 4/27/26- Client uploaded missing credit report for review Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  755 mid score > min required of 600.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 69.03%; guidelines allow 75%.
900000165 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 676 is > the minimum credit score of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 29 years and 6 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 41.84% is < the maximum DTI of 50%
900000166 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 40 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 14 years and 10 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 70%; max allowed per guidelines is 75%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 68.32 months PITI, guidelines required 0 months PITI.
900000168 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 715 exceeds min score requirement of 660.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 8 years.
900000169 XXXXXX MD (No Data) ATR/QM: Exempt D A D A A A N/A N/A D A D A A A N/A N/A Credit Application Satisfied D A D A CRDAPP155 Application Missing No Missing 1003 application for Entity 05/18/2026 client provided entity 1003. 05/18/2026 exception satisfied (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 60 months mortgage payment history 0x30.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  799 mid score > min required of 730.
900000171 XXXXXX PA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrowers have lived at the current residence for 5 years

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Loan approved at 60% LTV, max 75% for credit score 672 on cash out.
900000172 XXXXXX NY (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Desk Review in file dated 4/7/26 is based on original appraisal dated 3/24/26.  Appraisal provided in file dated 4/15/26. (No Data) (No Data) (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $0.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 721 exceeds guidelines 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years, 5 months.
900000173 XXXXXX IN (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 13 years and 5 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 701 is > the minimum credit score of 660.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Current mortgage on with Loancare was reviewed for 99 months with 0x30.
900000174 XXXXXX CO (No Data) ATR/QM: Exempt C B C B A A A A C B C B A A A A Credit LTV/CLTV Waived B B B B CRDLTV3028 LTV Exceeds Guideline Requirement by 10% or more No LTV of 70% exceed maximum LTV of 60% with DSCR score <1% with declining values Lender exception approval provided. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers have owned current primary residence for 20 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 760 is > the minimum credit score of 700.
900000174 XXXXXX CO (No Data) ATR/QM: Exempt C B C B A A A A C B C B A A A A Credit Title Satisfied C A C A CRDTIL875 Title Does Not Agree With Mortgage No Title commitment dated 2/26/2026 reflects proposed insured without middle initials for both borrowers.  Note and Deed of Trust reflects middle initial for B1 of L and for B2  of I. 04/16/2026 client response: These name variances are noted on the Signature Affidavit and AKA Statement within the closing docs, XXX Lending is agreeable to this variation so long as it has been noted on this form 04/16/2026 exception satisfied (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers have owned current primary residence for 20 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 760 is > the minimum credit score of 700.
900000176 XXXXXX MN (No Data) ATR/QM: Exempt B B B B A A B B B B B B A A B B Compliance Repayment Ability Waived B B B B CMPSTRA1493 MN Home Loan - Repayment Ability not based on Full Doc No MN Home Loan - Repayment Ability not based on Full Doc, file is DSCR. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  620 qualifying score. Min required per guidelines is 681.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 5 years

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 62.85%; max allowed per guidelines is 75%.
900000176 XXXXXX MN (No Data) ATR/QM: Exempt B B B B A A B B B B B B A A B B Compliance Repayment Ability Waived B B B B CMPSTRA1497 File does not contain a repayment ability worksheet No Missing the repayment ability worksheet. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  620 qualifying score. Min required per guidelines is 681.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 5 years

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 62.85%; max allowed per guidelines is 75%.
900000176 XXXXXX MN (No Data) ATR/QM: Exempt B B B B A A B B B B B B A A B B Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Missing the 12 month mortgage payment history for subject property to XXX loan number #XXX. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  620 qualifying score. Min required per guidelines is 681.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 5 years

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 62.85%; max allowed per guidelines is 75%.
900000177 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 685 is > the minimum credit score of 600.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 47.62% is < the maximum LTV of 75%.
900000178 XXXXXX PA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 728 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 100.59 mos.  Reserves required 0 mos
900000179 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 806 exceeds min score requirement of 730.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history since 1/2012.
900000181 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 6 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $XXX.
900000183 XXXXXX CA (No Data) ATR/QM: Exempt B B A A B B A A B B A A B B A A Property Valuations Property Waived B B B B PRVAPROP2556 Acreage exceeds property eligibility guidelines No Acreage exceeds property eligibility guidelines of maximum 25 acres. Property site is 32.86 acres. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  731 mid score > min required of 600.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 240 months mortgage payment history 0x30.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 9 years.
900000184 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 764 exceeds guidelines 640.
900000185 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A N/A N/A C B C B A A N/A N/A Credit Insurance Satisfied C A C A CRDINSR5353 Insurance Expiration date is prior than the transaction date No Master Policy for the Property coverage reflects and effective date of 7/21/2023 - 3/27/2026, Note date is XXX (No Data) (No Data) Not Applicable Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 726 is > the minimum credit score of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Guarantor has owned current primary residence for 8 years and 3 months.
900000185 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A N/A N/A C B C B A A N/A N/A Credit Terms/Guidelines Waived B B B B CRDTER4631 Loan parameters do not meet guidelines No Missing documentation to support that the developer has turned over control of the association.  Guidelines reflect  the the HOA must be conveyed to the unit owners and no developer or builder - controlled project is allowed. Lender exception approval provided. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 726 is > the minimum credit score of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Guarantor has owned current primary residence for 8 years and 3 months.
900000185 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A N/A N/A C B C B A A N/A N/A Credit Terms/Guidelines Waived C B C B CRDTER4643 Borrower does not meet guideline requirements No Borrowers has four open loans with this lender. Lender guidelines state Borrower may have maximum of four open loans with this lender, and one must been owner occupied property. All four open loans are on Investment properties.  5/6/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 726 is > the minimum credit score of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Guarantor has owned current primary residence for 8 years and 3 months.
900000188 XXXXXX IL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 3.79 months reserves.

CFCFS1736: Significant time at current residence
- Clayton Comments:  B2 has occupied her primary residence for 29 years.
900000189 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 3 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 49.17 months. No reserves required.
900000190 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  748 mid score > min required of 600.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; max allowed per guidelines is 80%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years 8 months.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 48 months mortgage payment history 0x30.
900000193 XXXXXX PA (No Data) ATR/QM: Exempt D B C B D A N/A N/A D B C B D A N/A N/A Credit Credit/Mtg History Waived B B B B CRDCRMH2662 Number of mortgaged properties exceeds guideline limit No With this refinanced loan, Borrower will have 4 REO with mortgages with this lender, all on Investment property. Guidelines limit maximum # of mortgages with the same Borrower at 4, and one must be on owner occupied property. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 48 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 134.82 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 3 has resided in current owner occupied residence for 5 years.
900000193 XXXXXX PA (No Data) ATR/QM: Exempt D B C B D A N/A N/A D B C B D A N/A N/A Credit Legal Documents Satisfied C A C A CRDLGL987 Funds Not Fully Disbursed  With Insufficient or No Explanation No Per title, there are 2 mortgages for subject.  Mortgages were not reflected on the Final HUD or deducted from proceeds.  There was an additional HUD that provided partial release of one of the mortgages.   04/17/2026 client response: Per UW note on ULAW XXX and XXX   are cross-collateralized. The payoff encumbers both properties: XXX(Loan #XXX) and XXX (Loan #XXX). Payoff is to be paid in full to XXX Bank & XXX Bank, Loan #XXX , and released through XXX(Loan #XXX). Loans #XXX and #XXX are concurrent transactions. The property located at XXX. will remain open and is being attached to this lien in connection with XXX Bank Loan #XXX. This property was not listed on the original Note. 04/17/2026 exception satisfied (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 48 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 134.82 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 3 has resided in current owner occupied residence for 5 years.
900000193 XXXXXX PA (No Data) ATR/QM: Exempt D B C B D A N/A N/A D B C B D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR271 Comp photos are missing No Appraisal is incomplete and missing comp photos. 04/17/2026 Client provided Appraisal 04/17/20265 exception satisfied (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 48 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 134.82 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 3 has resided in current owner occupied residence for 5 years.
900000193 XXXXXX PA (No Data) ATR/QM: Exempt D B C B D A N/A N/A D B C B D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR281 Subject Photos are missing No Appraisal is incomplete and missing subject photos. 04/17/2026 Client provided Appraisal 04/17/20265 exception satisfied (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 48 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 134.82 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 3 has resided in current owner occupied residence for 5 years.
900000194 XXXXXX OH (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 750 FICO score. Minimum required 660.
900000195 XXXXXX NJ (No Data) ATR/QM: Exempt C A C A A A N/A N/A C A C A A A N/A N/A Credit Terms/Guidelines Satisfied C A C A CRDTER4631 Loan parameters do not meet guidelines No Provide documentation to support prior homeownership.  If borrower is FTHB LTV maximum is 70% currently at 80%, DSCR > 1.15% is currently at 1.0281% and reserves required are 6 months currently at 3 months.  Additional conditions may apply. 4/30/26- Uploading Operating Agreement for XXX LLC that was opened to purchase the property (its also the name of the LLC) Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 640. File credit score 781.
900000196 XXXXXX MA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX employed for 26 years 3 months.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 5 years 6 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 671 exceeds min score requirement of 640.
900000198 XXXXXX FL (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit Terms/Guidelines Waived B B B B CRDTER4643 Borrower does not meet guideline requirements No Borrowers has four open loans with this lender. Lender guidelines state Borrower may have maximum of four open loans with this lender, and one must been owner occupied property. All four open loans are on Investment properties.  client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  8.3 years at current residence.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  No mortgage lates past 2 years
900000199 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 3.56-months reserves.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 782 exceeds guidelines 660.
900000200 XXXXXX AL (No Data) ATR/QM: Exempt B B B B A A A A B B B B A A A A Credit LTV/CLTV Waived B B B B CRDLTV3026 LTV Exceeds Guideline Requirement by at least 5%, but less than 10% No DSCR cashout rural property max LTV is 70% (No Data) (No Data) (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 8 years.

CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  709 qualifying score. Min required per guidelines is 700.
900000201 XXXXXX FL (No Data) ATR/QM: Exempt B B B B A A A A B B B B A A A A Credit Application Waived B B B B CRDAPP130 Application is incomplete No Credit report dated 3/16/2026 reflects 2 open mortgages with XXX Mtg.  Final 1003 reflects the borrower owns 2 properties and the primary  is owned free. Missing corrected 1003 reflecting the property the XXX Mtg #XXX is attached to.  client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Current mortgage reviewed for 21 months with 0x30.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 49.87% is < the maximum LTV of 65%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 784 is > the minimum credit score of 640.
900000204 XXXXXX FL (No Data) ATR/QM: Exempt D A D A A A N/A N/A D A D A A A N/A N/A Credit DTI Satisfied D A D A CRDDTI2540 Missing verification of some or all components of non-subject PITI No Missing PITIA documentation for recently purchase property XXX 4/20/26. Additional conditions may apply as this was not included in DTI..  05/11/2026 client response: Uploading 1st payment letter, tax cert, HOI, 1007 from XXX and updated ULAW/1003 adding REO 05/11/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 793.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50.49%, borrower's DTI is 45.03%
900000205 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current  occupied residence for 8 years and 9 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 32.39 months PITI, guidelines required 0 months PITI.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 48 months when 12 months are required.
900000207 XXXXXX CO (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit Income/Employment Waived C B C B CRDINC888 Income Amount is  Unsupported by Documentation in File No Per guidelines, for wholesale, DSCR must be 1. or greater.  Subject DSCR is .9997.  Lender provided an exception.  4/29/2026- ur system rounds that up to 1.000 so this is the figure that will be on the tape even with 100% correct matching debts and income.4/29/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 119.26 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 10 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 67.43%; max allowed per guidelines is 75%.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 75 months when 24 months are required.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  768 qualifying score. Min required per guidelines is 730.
900000207 XXXXXX CO (No Data) ATR/QM: Exempt D B D B A A A A D B D B A A A A Credit Legal Documents Satisfied D A D A CRDLGL2420 Missing HUD-1 (Final and Estimated) No Missing final HUD. HUD in file is dated 4/1 with a disbursement date of 4/6. Note date is XXX 5/13/26- Client uploaded missing HUD for review Exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 119.26 months PITI, guidelines required 0 months PITI.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 10 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 67.43%; max allowed per guidelines is 75%.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 75 months when 24 months are required.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  768 qualifying score. Min required per guidelines is 730.
900000209 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A N/A N/A C B C B A A N/A N/A Credit Terms/Guidelines Waived C B C B CRDTER4643 Borrower does not meet guideline requirements No Borrowers has four open loans with this lender. Lender guidelines state Borrower may have maximum of four open loans with this lender, and one must been owner occupied property. All four open loans are on Investment properties.  client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at primary residence for over 8 years.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 94 months reviewed reporting 0 late payments.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 726 exceeds min score requirement of 640.
900000210 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has a satisfactory 72 month mortgage payment history.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 702
900000211 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 20 years 3 months.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0x30x47.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $0.
900000212 XXXXXX NY (No Data) ATR/QM: Exempt C B C B A A N/A N/A C B C B A A N/A N/A Credit Assets Waived C B C B CRDAST205 Insufficient Funds to Close No Missing acceptable verification that borrower had additional funds to close. Funds to close is short by (-$5,450.78). 5/6/26- Client uploaded ULAW with approval for missing additional funds to close. Citing comp factors. Sr Credit Underwriter reviewed comp factors- FICO of 696, no derog credit, copy of cashiers check for the funds to close was in file at the time of review, exception re-grade level 2. 5/6/26- Client acknowledged exception final grade B Final Grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 12yr 6mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  696 mid score > min required of 600.
900000215 XXXXXX MD (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 687 exceeds min score requirement of 660.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0X30X82.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X317.
900000218 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 12yr 8mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  777 mid score > min required of 600.
900000219 XXXXXX PA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  5 years and 0 months in current residence.
900000221 XXXXXX NY (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit LTV/CLTV Waived B B B B CRDLTV3028 LTV Exceeds Guideline Requirement by 10% or more No Loan LTV of 75% based on loan amount $XXX and appraised value of $XXX is above the maximum LTV of 60% for Cash out refinance on vacant properties.  client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. Cash back at closing $XXX leaves reserves of $XXX or 47 months.  Reserves required 6 months.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrowers have lived at the current residence for 4 years
900000222 XXXXXX CA (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied C A C A PRVAAPPR1939 Appraiser License for Incorrect State No Missing Complete Appraisal. client provided Appraisal exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 mid score > min required of 600.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI % 28.58 is below the guideline minimum of 50.49%.
900000222 XXXXXX CA (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR101 Appraisal incomplete (missing map, layout, pages, etc) No Missing Complete Appraisal. client provided Appraisal exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 mid score > min required of 600.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI % 28.58 is below the guideline minimum of 50.49%.
900000222 XXXXXX CA (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR271 Comp photos are missing No Missing Complete Appraisal. client provided Appraisal exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 mid score > min required of 600.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI % 28.58 is below the guideline minimum of 50.49%.
900000222 XXXXXX CA (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR281 Subject Photos are missing No Missing Complete Appraisal. client provided Appraisal exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 mid score > min required of 600.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI % 28.58 is below the guideline minimum of 50.49%.
900000222 XXXXXX CA (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR284 Appraiser License Missing No Missing Complete Appraisal. client provided Appraisal exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 mid score > min required of 600.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 22 years 3/mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI % 28.58 is below the guideline minimum of 50.49%.
900000223 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 52.63% is below guideline requirements 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 700, borrower's credit score is 795

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrowers have mortgage payment history 0x30 since XXX.
900000225 XXXXXX NY (No Data) ATR/QM: Exempt D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL100 Legal document incorrect or incomplete No Provide documentation to support payoff for XXX in the amount of $6,754.45 and purpose of payment.  Additional conditions may apply. 04/24/2026 client response: XXX to clarify where they are identifying this liability. XXX does not see this liability reflected on the credit report or the title commitment and believes it may have been reported in error.04/24/2026 Clayton response: On the Final HUD, there is a paid entry of $6,754.45 to XXX on Line 1502.4/28/26- Document Uploaded. Uploading invoice. Please note this payoff was noted on our Closing Instructions Exception satisfied (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 65% is below max LTV of 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 768 FICO score. Minimum required 660.
900000226 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 4 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000228 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 56.09% / Max LTV 65%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 640.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 48 months.
900000229 XXXXXX MD (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 5 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 772 is > the minimum credit score of 640.
900000230 XXXXXX HI (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 782 FICO score. Minimum required 660.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Guarantor has resided in current residence for 26 years.
900000232 XXXXXX FL (No Data) ATR/QM: Exempt C A C A A A N/A N/A C A C A A A N/A N/A Credit Terms/Guidelines Satisfied C A C A CRDTER3122 Loan documents do not meet guideline requirements No Drive report in file reflects OFAC warnings for XXX (Loan Officer).  No documents in file to clear warnings.  4/29/26- Client uploaded loan approval that reflects review of OFAC was determined to be a false positive Exception satisfied (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 50% is < the maximum LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 725 is > the minimum credit score of 700.
900000233 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned primary residence for 5 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 65% and guidelines allow the HCLTV to be 75%
900000237 XXXXXX VA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 67 months.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 21 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 709 exceeds min score requirement of 660.
900000238 XXXXXX MA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 31.64 months PITI, guidelines required 0 months PITI.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 60%; max allowed per guidelines is 75%.
900000239 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 660. File credit score 712.

CFCFS1736: Significant time at current residence
- Clayton Comments:  2 years and 0 months in current residence
900000240 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 750 is > the minimum credit score of 700.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 54.54% is < the maximum LTV of 75%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower's have owned current primary residence for 9 years and 7 months.
900000243 XXXXXX KY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 30 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 24.26 months PITI, guidelines required 0 months PITIA.
900000244 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 70%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  786 mid score > min required of 700.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment history of 0 x 30 for 50 months when 24 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 14yr.
900000246 XXXXXX CA (No Data) ATR/QM: Exempt C B C A C B N/A N/A C B C A C B N/A N/A Credit Title Satisfied C A C A CRDTIL100 Potential title issue No Vested owners on title does not match the purchase contract provided.  Purchase contract signed by XXX, and title is vested as XXX and XXX 05/08/2026 client provided seller authorization 05/08/2026 exception satisfied (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 85%, subject's LTV is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 720, borrower's credit score is 752.
900000246 XXXXXX CA (No Data) ATR/QM: Exempt C B C A C B N/A N/A C B C A C B N/A N/A Property Valuations Appraisal Waived C B C B PRVAAPPR4789 Appraisal Deficiency No Appraiser did not provide pictures of or comment on presence of carbon monoxide detectors for the subject property. 05/08/2026 client provided updated ULAW with comp factors05/08/2026 client acknowledged exception 05/08/2026 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B.  Comp Factor for LTV and Credit Score. 05/08/2026 Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 85%, subject's LTV is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 720, borrower's credit score is 752.
900000247 XXXXXX CA (No Data) ATR/QM: Exempt B B A A B B N/A N/A B B A A B B N/A N/A Property Valuations Property Waived B B B B PRVAPROP177 Property Issues Indicated No Provide addendum from appraiser for the change in market rents from $7,000 to $8,000. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X32.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 720
900000248 XXXXXX NV (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 683 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 38.38 mos.  Reserves required 0 mos.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 74.99% is < the maximum LTV of 80%.
900000249 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 7 years 9 months.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been with the employer for 18 years 5 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITIA = 178.58 months reserves.
900000251 XXXXXX IL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 60% / Max LTV 85%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 738 exceeds min score requirement of 600.
900000252 XXXXXX NJ (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 80%, subject's LTV is 75%

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000253 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  B2 has occupied the primary residence for 6 years 1 month.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 769 exceeds min score requirement of 660.
900000256 XXXXXX WA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Qualifying score of 746 is above the minimum score of 700 for vacant properties.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC -$XXX leaves reserves of $XXX or 26 months.  Reserves required 06 mos.
900000257 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 20.89-months reserves.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; max allowed per guidelines is 80%.
900000260 XXXXXX NC (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Credit report with a mortgage rating of 0x30x83.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for over 5 years.
900000262 XXXXXX MO (No Data) ATR/QM: Exempt C A C A A A A A C A C A A A A A Credit Insurance Satisfied C A C A CRDINSR5351 Insurance Effective date is greater than the transaction date No Insurance effective date 04/24/26. Signed Settlement Statement disbursement date XXX 05/01/2026 client provided Updated Declaration Page reflecting effective date of 4/23/2026 05/01/2026 exception satisfied Not Applicable Not Applicable CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 767 FICO score. Minimum required 640.
900000263 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 762 exceeds min score requirement of 660

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0x30x64

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0x30x361 for B4.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 5 years 5 months.
900000266 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  680 mid score > min required of 600.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 58.62%; max allowed per guidelines is 75%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 132 months mortgage payment history 0x30.
900000268 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 60% is below max LTV of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. REquired reserves $0.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0x30x308.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 10 years,

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 10 years 3 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 791 exceeds min score requirement of 660
900000269 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  798 mid score > min required of 600.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 60 months mortgage payment history 0x30.
900000272 XXXXXX WA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years 8 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 1.34 months reserves.
900000273 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 70%; max allowed per guidelines is 80%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 8 years,

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 791 exceeds min score requirement of 720.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0x30x90.
900000274 XXXXXX AL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 780 exceeds min score requirement of 640.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 69.80% / Max LTV 75%.
900000275 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 794 exceeds min score requirement of 730.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 7 years 10 months.
900000276 XXXXXX WA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 75% is below max LTV of 80%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 749 exceeds min score requirement of 730.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.
900000277 XXXXXX UT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 700. File credit score 761.

CFCFS2854: Significant time in profession
- Clayton Comments:  10 years and 0 months in current profession.

CFCFS1736: Significant time at current residence
- Clayton Comments:  8 years and 4 months in current residence.
900000278 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower's have owned current primary residences for 23 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 38.06mos.  Reserves required 0 mos.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 785 is > the minimum credit score of 640.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Current mortgage for primary residence was reviewed for 99 months with 0x30.
900000281 XXXXXX AZ (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 717.68 mos. No reserves required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 5 years
900000282 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 34 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 3 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.
900000283 XXXXXX PA (No Data) ATR/QM: Exempt D A A A D A N/A N/A D A A A D A N/A N/A Property Valuations Appraisal Satisfied D A D A PRVAAPPR101 Appraisal incomplete (missing map, layout, pages, etc) No Single Family Comparable Rent schedule is missing the estimate of the monthly market rent of the subject as of 4/14/2026. 05/12/2026 client provided updated appraisal with the 1007 market rents added 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 716 is > the minimum credit score of 660.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Guarantor's current primary residence mortgage was reviewed for 42 months with 0x30.
900000287 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required 700, borrower's credit score is 791.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 80%, subject's LTV is 49.38%
900000290 XXXXXX NY (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 38 months when 12 months are required.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  802 qualifying score. Min required per guidelines is 730.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 30.59 months PITI, guidelines required 0 months PITI.
900000291 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 11.67 months reserves.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 23 years
900000292 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 65% is < the maximum LTV of 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 719 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 47.13 mos.  Reserves required 0 mos.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 38 years.
900000295 XXXXXX GA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Borrower has significant reserves of 20.10/mo. that exceeds guidelines.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  733 mid score > min required of 600.
900000296 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for over 5 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 713 FICO score. Minimum required 640.
900000297 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  753 mid score > min required of 600.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 10yr
900000298 XXXXXX GA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 14 years and 1 month.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 11.45 mos.  Reserves required 3 mos. for pricing exception.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 782 is > the minimum credit score of 640.
900000299 XXXXXX GA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Loan LTV 54.35%, Max for cash out on manufactured home is 60%

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 5 years
900000302 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 29 years 7 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Requires reserves $0.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0x30x276.
900000304 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A A A C B C B A A A A Credit Assets Satisfied C A C A CRDAST206 Asset Amounts Are Unsupported by Documentation in File No Missing document to support receipt of $300,000 gift from NBS to support sufficient assets to close in the amount of $200,059.42 and 6 months reserves required per guidelines for DSCR loan for a FTHB of $34,509.30.  Gift letter provide in file was for $300,000. 05/12/2026 client response: Uploading donor wire for funds to close sent directly to escrow at closing. Uploading XXX statement showing funds for reserves. XXX Lending allows gifts below the gift letter amount if the full gift is not necessary without an updated letter and without needing an exception. 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 784 is > the minimum credit score of 700.
900000304 XXXXXX FL (No Data) ATR/QM: Exempt C B C B A A A A C B C B A A A A Credit Terms/Guidelines Waived B B B B CRDTER4631 Loan parameters do not meet guidelines No Borrower is a FTHB on DSCR loan, DSCR of 1.0431 is < the minimum require DSCR of 1.15%. Lender exception approval provided. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 784 is > the minimum credit score of 700.
900000306 XXXXXX NV (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 75% / Max LTV 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 794 exceeds min score requirement of 640.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Co-Borrower has lived at current residence for the past: 9 years.
900000307 XXXXXX MO (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  734 mid score > min required of 700.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 24 months mortgage payment history 0x30.
900000309 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 742 is > the minimum credit score of 720.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Per VVOE, the borrower has been employed with current employer for 20 years and 4 months with a start date of XXX.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 34.82% is < the maximum DTI of 50%
900000311 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X192.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X64.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 788 exceeds min score requirement of 640.
900000312 XXXXXX OK (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Borrower has significant reserves of 26.02/mo. that exceeds guidelines.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  764 mid score > min required of 700.
900000313 XXXXXX MD (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  7 years and  0 months in current residence.
900000314 XXXXXX NC (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 58.90%; max allowed per guidelines is 85%.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 99 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 15 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 111.66 months PITI, guidelines required 0 months PITI.
900000315 XXXXXX UT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 41.67 mos.  Reserves required 0 mos.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 50% is < the maximum LTV of 60%

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 21 years.
900000317 XXXXXX HI (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 10 years

CFCFS2860: Good credit history
- Clayton Comments:  Credit history is positive.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 6 months. No reserves required.
900000319 XXXXXX FL (No Data) ATR/QM: Exempt B B B B A A N/A N/A B B B B A A N/A N/A Credit Application Waived B B B B CRDAPP3312 One or more Applications in file are incomplete No Borrower application does not list all the REO's owned per mortgages listed on credit report and Drive report. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 7 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 700 exceeds min score requirement of 660.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0x30x56.
900000322 XXXXXX CA (No Data) ATR/QM: Exempt B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Missing 12 month payment history from 2nd lien with XXX. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 7 years 9 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 687 exceeds guidelines 660.
900000326 XXXXXX ME (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $0.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 2 years
900000328 XXXXXX HI (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 132 months mortgage payment history 0x30.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 51.43%; max allowed per guidelines is 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  777 mid score > min required of 600.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 15yr
900000329 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 13 years at current primary

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 22 years at job.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 8.48 is below max 50%
900000330 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has significant time at current residence: 8yr

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  718 mid score > min required of 600.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 48 months mortgage payment history 0x30.
900000331 XXXXXX CT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 712.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 5 years.
900000332 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  701 mid score > min required of 600.
900000333 XXXXXX VT (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 71 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 6 years and 1 month.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  755 qualifying score. Min required per guidelines is 640.
900000334 XXXXXX GA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 26 years 1 month.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0x30x32.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0x30x302.
900000335 XXXXXX UT (No Data) ATR/QM: Exempt C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing VVOE within 72 hours of closing for Borrower XXX 05/12/2026 client provided VVOE and updated ULAW with comp factors. 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Assets - $XXX  CTC $XXX = $XXX or 26.32 months reserves

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI 50.49%, borrower's DTI is 34.18%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 796.
900000340 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $0.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 710 exceeds min score requirement of 660.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0x30x21.
900000341 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 52.88% and guidelines allow the HCLTV to be 85%

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 727 exceeds min score requirement of 600.
900000344 XXXXXX SC (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 19 years and 0 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 693 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 41.55 mos.  Reserves required 0 mos.
900000345 XXXXXX NV (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 21 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 50.34% and guidelines allow the HCLTV to be 80%

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX CTC: $XXX leaves reserves of $XXX or 9.34 months reserves.
900000346 XXXXXX UT (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Score 816 exceeds min 600 score

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 60%; max allowed per guidelines is 80%.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit score credit report.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 4 years, 9 months.
900000348 XXXXXX TX (No Data) ATR/QM: Exempt A A A A A A N/A N/A A A A A A A N/A N/A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 640. File credit score 648.

CFCFS1736: Significant time at current residence
- Clayton Comments:  3  years and 4 months in current residence.
900000349 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 759.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 75%, subject's LTV is 53.12%
900000350 XXXXXX MA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  5 years and  7 months in current residence.
900000351 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been with the employer for 45 years 5 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 64.60% and guidelines allow the HCLTV to be 80%

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 30 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITIA = 89.73 months reserves.
900000353 XXXXXX AZ (No Data) ATR/QM: Exempt B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Missing mortgage payment history for OREO's listed on final 1003 located on XXX, XXX, XXX and XXX. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 58.37% is below max LTV of 70%

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history for subject 0x30 since XXX.
900000354 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 658 exceeds min score requirement of 640

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0x30x12.

CFCFS1746: Significant housing expense reduction
- Clayton Comments:  Significant housing expense reduction from $XXX to $XXX. Monthly savings of $XXX.
900000355 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 640. File credit score 658.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Max LTV 65% File 45.70%
900000356 XXXXXX WI (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the primary residence for 5 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 27.17-months reserves.
900000357 XXXXXX CA (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 17 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified Assets - $XXX  CTC $XXX = $XXX or 99.93 months reserves

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 640, borrower's credit score is 723
900000358 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Credit report with a mortgage rating of 0x30x45.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 729 exceeds min score requirement of 660.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for over 12 years.
900000360 XXXXXX AR (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 6 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 712 is > the minimum credit score of 640.
900000362 XXXXXX FL (No Data) ATR/QM: Exempt A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 7 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 725 exceeds min score requirement of 620.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 61.64% / Max LTV 65%.
900000364 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 795 exceeds min score requirement of 700.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 60% / Max LTV 80%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 20 years.
900000370 XXXXXX IL (No Data) ATR/QM: Exempt D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR3116 Missing updated valuation No Missing Updated Valuation - Desk Review does not support appraised value - with value of $XXX. (No Data) Satisfied - Desk review in file. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  735 mid score > min required of 700.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 54.35% is below guideline requirements of 80%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000372 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Insurance Satisfied D A D A CRDINSR3278 Hazard Insurance documentation in file is incomplete No Missing Flood insurance policy with premium $11,007.12 to support mthly pymt of $917.26 that was escrowed at closing. Flood Dec page in file is only for $6,183.88 or $516.16 mthly.   04/10/2026 client provided 2nd flood policy as borrower chose to have more coverage. 04/10/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 700, borrower's credit score is 718

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been XXX for 12 years, and in the profession for 37 years

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50.49%, borrower's DTI is 17.23%
900000464 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit LTV/CLTV Waived B B B B CRDLTV5736 LTV Exceeds Guideline Requirement by less than 5% No Maximum LTV for credit score of 699 is 75%. Subject LTV for 79.53%.  Lender provided an exception. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 25.16%, max per guidelines is 50.49%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the subject property for 5 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  699 qualifying score. Min required per guidelines is 688.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX or 12.76 months PITI, guidelines required 3 months PITI.
900000467 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 31 years 1mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 23.00% is below the guideline minimum of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 707 exceeds guidelines 660.
900000468 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 48.43 is below max of 70%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 28.03% is below max of 50%.
900000469 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Assets Satisfied D A D A CRDAST2670 Asset documentation is insufficient per guideline requirements No Missing the fully executed Gift letter for $40,000 and verification of receipt/wire of gift funds. 5/15/26- Uploading fully executed Gift letter for $40,000 and verification of receipt/wire of gift funds Satisfied (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 37.91% is below guideline requirement of 50%.

CFCFS2854: Significant time in profession
- Clayton Comments:  5 years and 11 months in current profession.
900000471 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH104 Credit score below guidelines No Credit score of 652 is < the minimum credit score of 680 for property located in a rural location. Lender exception approval provided. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 44.44% is < the maximum DTI of 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 31.59 mos.  Reserves required 0 mos.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Per accountant, the borrower has been XXX since XXX.
900000471 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Missing 12 month mortgage payment history with 0x 30.  File contains bank statements reflecting mortgage clearing 3/27/2025, 5/28/2025, 6/27/2025, 7/29/2025 ,9/29/2025, 10/28/2025, 11/28/2025, 12/29/2025 and 1/27/2026.  The credit report reflects mortgage but with no history. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 44.44% is < the maximum DTI of 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 31.59 mos.  Reserves required 0 mos.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Per accountant, the borrower has been XXX since XXX.
900000473 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH124 Collections, Liens, etc. not paid as required by guidelines No Collection reporting with XXX Portfolio for $1,497.00 with last activity date of 12/2025.  Per guidelines, collections may remain if: medical, two years since last activity date or credit/creditor collection company reference discrepancy client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 46.13% is below guideline requirement 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 640, borrower's credit score is 704.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $0.
900000474 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has significant time at current job; 30 years

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 132 months mortgage payment history 0x30.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  724 mid score > min required of 600.
900000475 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $2538.59 due to $682.50 Broker fee & $1856.09 Discount Points Fee increased with no invalid internal COC in file. Provide Internal COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to Borrower and Evidence of delivery via method including tracking information within 60 days of discovery. 4.9.26-Client provided COC dated 3/19/26 stating reason for Broker Fee & Discount Points Fee increase. 4.9.26-Exception Satisfied. (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0X0X36.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 10 years 2 months.
900000477 XXXXXX IL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Complete 12 month rental history not verified, missing history 10/2025-3/2026. 4/30/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 729 FICO score. Minimum required 640.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 43 months reviewed reporting 0 late payments.
900000479 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4/28/26- Document uploaded for review Exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 7.8 years at current job.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 5.69% is below max 50%.
900000479 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $20 due to Discount Points fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.29.26-Client provided COC 4/13/26 showing Loan Amount & Discount Point fee increase. 4.29.026-Exception Satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 7.8 years at current job.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 5.69% is below max 50%.
900000480 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Title Satisfied D A D A CRDTIL865 Title incomplete No Title report in file is incomplete and only contains schedule A.  04/22/2026 client provided remainder of Title Commitment 04/22/2026 exception satisfied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 10 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 3 years

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 20.51%, max per guidelines is 50%.
900000482 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing business license, CPA letter or Articles of Incorporation, Operating AGreement or Partnership agreement, as proof of active XXX business. 05/01/2026 client provided CPA letter. 05/01/2026 exception satisfied (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X23.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 10 years 2 months.
900000484 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 705 is < the minimum credit score of 600.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage payment reviewed for 82 months with 0x30.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 57.46% is < the maximum LTV of 75%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 8 years and 6 months.
900000486 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL100 Legal document incorrect or incomplete No Provide PCCD with mortgage payoff itemized. Copy in credit file itemizes $0.00 for Payoffs. 5/6/26- PCCD provided for review with mtg payoff listed Exception satisfied (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X79.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 789 exceeds min score requirement of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 52.42% is below max LTV of 70%

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0X30X33.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 5 years 10 months.
900000489 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  10 years and 0 months in current residence.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 33.33%; max allowed per guidelines is 60%.

CFCFS2854: Significant time in profession
- Clayton Comments:  13 years and 11 months in current profession.
900000490 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 767 FICO score. Minimum required 680.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 16.78 mos. Reserves required none.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.
900000491 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR101 Appraisal incomplete (missing map, layout, pages, etc) No Missing complete appraisal report.  Pages 1 and 2 only provided. 5/15/26- Client uploaded full missing appraisal for review Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 620, borrower's credit score is 775.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Max LTV is 85%, subject's LTV is 61.54%.
900000491 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A D A A A D A A A D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR284 Appraiser License Missing No Missing complete appraisal report.  Pages 1 and 2 only provided. 5/15/26- Client uploaded full missing appraisal for review Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 620, borrower's credit score is 775.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Max LTV is 85%, subject's LTV is 61.54%.
900000492 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit DTI Satisfied D A D A CRDDTI2540 Missing verification of some or all components of non-subject PITI No Missing verification of HOA dues for REO's on S XXX; XXX & XXX, if applicable. 05/07/2026 client provided XXX showing properties with and without HOA dues 05/07/2026 exception satisfied (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 56.47% is below max LTV of 80%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 13 years 11 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 782 exceeds min score requirement of 730.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X28.
900000492 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit DTI Waived B B B B CRDDTI105 Debt Ratio Exception 5% or Less No DTI 42.96% exceeds the maximum of 40% for Platinum program.  Variance due to REO debts $25,649.09 compared to lender of $19,877.17. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 56.47% is below max LTV of 80%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 13 years 11 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 782 exceeds min score requirement of 730.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X28.
900000493 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 69.21% and guidelines allow the HCLTV to be 80%

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 10 years
900000496 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit DTI Satisfied D A D A CRDDTI2540 Missing verification of some or all components of non-subject PITI No Missing verification of PITI for refinance loans located on XXX and XXX 05/01/2026 client provided: 1st payment letters.05/01/2026 Clayton response: 1st payment letter for XXX has the right margin cut off payment amount is not visible.5/4/26- Client uploaded clear copies Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 620, borrower's credit score is 745.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 80%, subject's LTV is 66.85%
900000496 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL2550 Missing HUD-1 from sale of property No Missing HUD-1 from refinance of REO on XXX confirming payoff of borrowers consumer debts.  Additional conditions may apply. 05/01/2026 client provided CD for XXX. 05/01/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 620, borrower's credit score is 745.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 80%, subject's LTV is 66.85%
900000500 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH123 No evidence of required debt payoff No Missing documentation to support Charge Off with XXX has been paid.   client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower #2 current mortgage history was reviewed for 99 months with 0x30.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 14.96 is < the maximum DTI of 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 64.10% is < the maximum LTV of 80%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower 2 has owned current primary residence for 10 years.
900000502 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4.27.26-Client provided Application Authorization Document. 4.27.26-Exception Satisfied. (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  B1 has mortgage payment history 0x30 since XXX.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 12 years at current job.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 5 years at current residence.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 21.12 is below max of 50%.
900000502 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $1132.50 due to Broker fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery.  4.29.26-Client provided COC 4/9/26 showing increase in loan amount & Broker fee. 4.29.26-Exception satisfied. (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  B1 has mortgage payment history 0x30 since XXX.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 12 years at current job.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 5 years at current residence.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 21.12 is below max of 50%.
900000503 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITI = 13.71-months reserves.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 67.19% and guidelines allow the HCLTV to be 85%
900000504 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance Finance Charge Tolerance Satisfied C B C B CMPFINT106 Finance charge understated by more than $100 (Pmt Stream) No Please provide an updated Post Closing Disclosure, requesting to have the Fees of  (Broker fee-2nd Loan for $500) and the (Loan Origination fee -2nd Loan of $625), as these fees were part of the Piggyback (HELOC) Loan and should not be associated with the Senior Lien.  5.22.26-Client provided Clerical PCCD issued 5/20/26 with the Broker fee-2nd and Origination fee-2nd removed. 5.22.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 16 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 703 exceeds min score requirement of 700.

CFCFS2854: Significant time in profession
- Clayton Comments:  Co-Borrower has been in this line of work in the past: 5 years
900000504 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance Finance Charge Tolerance Satisfied C B C B CMPFINT4372 TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed No Please provide an updated Post Closing Disclosure, requesting to have the Fees of  (Broker fee-2nd Loan for $500) and the (Loan Origination fee -2nd Loan of $625), as these fees were part of the Piggyback (HELOC) Loan and should not be associated with the Senior Lien.  5.22.26-Client provided Clerical PCCD issued 5/20/26 with the Broker fee-2nd and Origination fee-2nd removed. 5.22.26-Exception Satisfied. Numeric Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 16 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 703 exceeds min score requirement of 700.

CFCFS2854: Significant time in profession
- Clayton Comments:  Co-Borrower has been in this line of work in the past: 5 years
900000504 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $193.80 due to Evidence of Insurance fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.20.26-Client provided COC 4/3/26 stating Evidence of Insurance fee increased. 4.20.26-Exception canceled. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 16 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 703 exceeds min score requirement of 700.

CFCFS2854: Significant time in profession
- Clayton Comments:  Co-Borrower has been in this line of work in the past: 5 years
900000506 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $65 due to VOE fee added with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 5.11.26-Client provided COC 4/24/26 showing VOE Fee added. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 763 is > the minimum credit score of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 77.14% is < the maximum LTV of 85%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 22.21 mos.  Reserves required 3 mos.
900000506 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D A A A C B D B D A A A C B Credit Application Satisfied D A D A CRDAPP157 Application Not Signed by Primary Borrower No Missing final signed 1003. 05/22/2026 client provided signed 1003 05/22/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 763 is > the minimum credit score of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 77.14% is < the maximum LTV of 85%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 22.21 mos.  Reserves required 3 mos.
900000507 XXXXXX IN Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  5 years and 0 months in current profession.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 18.03% is below guideline requirement of 50%.
900000509 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 45.82%; max allowed per guidelines is 75%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 26.50%, max per guidelines is 50%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  20  years and 0 months in current residence.

CFCFS2854: Significant time in profession
- Clayton Comments:  30 years and 0 months in current profession.
900000512 XXXXXX NC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Assets Waived B B B B CRDAST3078 Insufficient # of months cash reserves for PITI per guideline requirements No assets verified $72,300.84 CTC $57,382.26 + $12,000.00 leaves reserves of $2,918.50 GL required 3 months reserves OR $1,977.68*3=$5,933.04. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 4 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  691 qualifying score. Min required per guidelines is 640.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 80%; max allowed per guidelines is 85%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 31.40%, max per guidelines is 50%.
900000513 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit DTI Satisfied C A C A CRDDTI187 Debt Ratio > 50% No DTI 57.48% exceeds guidelines of 50% based on deposits from borrowers personal account with XXX  #XXX to business account XXX #XXX omitted from audit review.  Lender DTI 44.80% included these deposits. 5/5/26- Client responded- XXX Lending allows transfers when not circular in nature. Borrower is free to move funds between accounts, there is no guideline that prohibits this.5/6/26- After re-calculation DTI is < 50%  Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 772 exceeds guidelines 700.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been XXX for 7 years and in the profession for 10 years
900000514 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B C A A A C B C B C A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $2,424.48 due to Discount points fee added/increased and reduction in Lender Credit with no/valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.20.26-Client provided COC 3/31/26 stating Discount Point increase and Lender Credit decrease. 4.20.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 6 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 692 exceeds min score requirement of 660.
900000514 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B C A A A C B C B C A A A C B Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing VVOE for CoBorr XXX within 72 hours of closing. 04/17/2026 client provided VVOE 04/17/2026 exception satisfied (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 6 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 692 exceeds min score requirement of 660.
900000515 XXXXXX SC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance State Consumer Protection Waived B B B B CMPSTCP1151 SC Home Loans -Broker 'Amounts Earned' Disclosure not in file No The SC Home Loans Broker 'Amounts Earned' Disclosure was not located in the file. 4.14.26-Client requested to change the Status from Open/Active to Waive/Closed. 4.14.26-Final Grade B. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  24 years and 0 months in current residence.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  681 qualifying score. Min required per guidelines is 640.

CFCFS2854: Significant time in profession
- Clayton Comments:  35 years and 9 months in current profession.
900000516 XXXXXX UT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Please provide Application Authorization Document. 4.27.26-Client provided Application Authorization Document. 4.27.26-Exception Satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 36.06% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 700. File credit score 721.
900000517 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A B B A A B B A A B B A A Property Valuations Property Waived B B B B PRVAPROP177 Property Issues Indicated No Subject is a Manufactured Home in a PUD. This lender does not lend on Manufactured Homes in a PUD. 4/15/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job. 15 years 6 months.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 13 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 40.53%; max allowed per guidelines is 60%.
900000518 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  B1 has been XXX for 7 years 7 months

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 64% and guidelines allow the HCLTV to be 85%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  The DTI Is 41.24% and guidelines allow the DTI to be 50.49%

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets $XXX/$XXX PITI = 82.88-months reserves.
900000520 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC3258 Missing Profit and Loss statement for one or more Self Employed borrowers No  Missing Profit and Loss statement signed by CPA or tax preparer as required per guidelines.  5/14/26-The XXX documentation is combined into a two-part PDF: page 1 is the CPA letter and page 2 is the P&L. The CPA letter is signed by the CPA, while the P&L is not; however, both documents were sent to the borrower via XXX as a single file. Based on this, it is reasonable to conclude that the P&L was prepared by the CPA at the same time as the CPA letter, and that the CPAs signature on page 1 applies to the entire document Upon review- XXX documents pg 654-655 were located in file. Exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 756 exceeds min score requirement of 660.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X171.

CFCFS2854: Significant time in profession
- Clayton Comments:  Significant time in profession, 5 years.
900000521 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit Credit/Mtg History Waived B B B B CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement No Provide verification of prior home ownership before 7/2025 or rent free letter to complete 12 months housing history. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 12 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 690 exceeds min score requirement of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 80% / Max LTV 85%.
900000521 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Provide the bank statement from XXX Bank #XXX from 8/31/25 to complete the 12 month calculation for income. 04/22/2026 Client provided missing statement04/23/2026 client provided  correct bank statement 04/22/2026 Clayton response: Bank Statement provided is dated 12/31/2025. Exception is to Provide the bank statement from XXX Bank #XXX from 8/31/25 to complete the 12 month calculation for income. Exception remains.04/23/2026 exception satisfied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 12 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 690 exceeds min score requirement of 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 80% / Max LTV 85%.
900000523 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Terms/Guidelines Waived B B B B CRDTER3122 Loan documents do not meet guideline requirements No Missing private road maintenance agreement.  Lender loan approval provided. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Current mortgage for primary residence was reviewed for 21 months with 0x30.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 721 is > the minimum credit score of 680.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 13.48% is < the maximum DTI of 50%
900000524 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 8.71% is below guideline requirement of 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 67.03% is below max LTV of 70%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Significant time in profession, 20 years.
900000525 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 669 FICO score. Minimum required 640.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.
900000526 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3966 TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected No Provide PCCD with option selected for Escrow Account in Loan Disclosure section. 4.15.26-Client provided clerical PCCD 4/14/26 with a selection marked for Escrow Account in Loan Disclosure section. 4.15.26-Satisfied. Non-Numeric Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 49.5 months.  Reserves required 3 months.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 27 years
900000527 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A D A D A D A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Please provide the Mortgage with the notary date. 4.13.26-Client provided Mortgage with Notary Stamp, missing Notary Date, Month and Year.Provide Mortgage with Notary to include Notary Date, Month and Year.4.15.26-Client provided Mortgage with dated Notary. 4.13.26-Exception Remains.4.15.26-Exception Satisfied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $0.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 11 years 11 months.
900000527 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A D A D A D A A A D A Credit DTI Satisfied D A D A CRDDTI2540 Missing verification of some or all components of non-subject PITI No Missing verification of HOA dues for XXX 04/13/2026 client provided XXX showing HOA dues 04/13/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $0.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 11 years 11 months.
900000527 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A D A D A D A A A D A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing evidence of XXX for at least 2 years. 04/13/2026 client response: The borrower is XXX; therefore, XXX does not require third-party verification of the borrowers XXX business.04/14/2026 client provided  CPA letter and CPA validation 04/13/2026 Clayton response: Lenders guidelines require verification of current and active XXX business, Section IX. Provide 1 of 5 options from this guideline. Exception remains.04/14/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $0.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 11 years 11 months.
900000528 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50%, borrower's DTI is 39.36%.

CFCFS1746: Significant housing expense reduction
- Clayton Comments:  PITI reduction of $XXX per month.  Rate reduced from 9.50% to 6.50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 640, borrower's credit score is 755.
900000529 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit Credit/Mtg History Waived D B D B CRDCRMH149 Missing support docs for VOM/VOR (e.g. cancelled checks) No Provide documentation to support that payment monthly to XXX on the 3rd of each month was for rental payments.  The payment amount varied slightly month to month and file does not contain verification these payments are for rent. 04/22/2026 client response: Document Uploaded. Uploading updated ULAW with comp factors and VOR to confirm amount of rent. Signature of applicant isnt required as the borrowers authorization was sent along with the blank VOR to the management company.04/22/2026 client acknowledged exception 04/22/2026 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B.  Comp Factor for Credit Score and Credit History..04/22/2026 Final grade B (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments:  Borrowers have an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 797 FICO score. Minimum required 700.
900000530 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 60%; max allowed per guidelines is 80%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 42.65%, max per guidelines is 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 704 exceeds min score requirement of 700.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 26 years.
900000533 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 34.10 is below max of 70%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 15 years at current primary.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 19 years at current job.
900000537 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 700. File credit score 776

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 33.0% is below guideline requirement of 40%.
900000538 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A C A A A C A A A C A A A Property Valuations FEMA Satisfied C A C A PRVAFEMA858 Natural Disaster Area, no subsequent inspection  (Individual & Public) No Missing PDI for Individual & Public declaration #XXX declaration date 4/7/2026, Severe Storms, Flooding, Mudslides, and Landslides. 05/28/2026 client provided Disaster Inspection Report 05/28/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 809 exceeds min score requirement of 700.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 15 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has lived at current residence for the past: 40 years.
900000539 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC150 Income docs do not meet guidelines No Gift letter in file was left blank for amount of gift funds.  05/05/2026 client response: Uploading gift letter with gift amount reflected. XXX Lending allows gifts below the gift letter amount if the full gift is not necessary without an updated letter and without needing an exception. 05/05/2026 exception satisfied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  4 years and 0 months in current profession.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Max DTI 50.49% File 25.34%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 680. File credit score 750.
900000540 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $64.10 due to Discount Points fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 5.11.26-Client provided COC 4/20/26 showing Loan Discount Points increased. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; guidelines allow 85%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 3 years 10mo.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  785 mid score > min required of 600.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 45.60% is below the guideline minimum of 50.49%.
900000541 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Title Satisfied C A C A CRDTIL100 Potential title issue No Provide documentation to support release of tax liens listed in Title Commitment Schedule B Part I items #9, #10 & #11. 04/20/2026 client provided updated Title Commitment with the items removed 04/20/2026 exception satisifed (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 62.75% and guidelines allow the HCLTV to be 70%.

CFCFS1745: Significant total monthly debt reduction
- Clayton Comments:  Paid off $XXX in consumer debt which removed $XXX from the monthly debt service.  Old PITI  $XXX & New PITI $XXX = $XXX increase in mortgage debt - $XXX monthly debt service savings = $XXX net monthly debt service savings.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  B1 has been with the employer for 19 years 11 months.
900000542 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof of receipt for Initial CD issued 04/03/2026 at least 3 business days prior to closing. 4.24.26-Client provided Initial CD issued & signed 4/3/26. 4.24.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 660. File credit score 726

CFCFS1736: Significant time at current residence
- Clayton Comments:  2 years and 6 months in current residence.
900000542 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof of receipt for Initial CD issued 04/03/2026 at least 3 business days prior to closing. 4.24.26-Client provided Initial CD issued & signed 4/3/26. 4.24.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 660. File credit score 726

CFCFS1736: Significant time at current residence
- Clayton Comments:  2 years and 6 months in current residence.
900000546 XXXXXX SC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B A A A A B B B B A A A A B B Compliance State Consumer Protection Waived B B B B CMPSTCP1151 SC Home Loans -Broker 'Amounts Earned' Disclosure not in file No Missing SC Broker  'Amounts Earned' Disclosure 4.22.26-Client requested to change the Status from Open/Active to Waive/Closed. 4.22.26-Final Grade B. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the departing residence for 6 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 30 months.  No reserves required.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 41% is below guideline requirements of 85%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 2 years
900000547 XXXXXX PA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 28 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 45.93% is below guideline requirement of 50%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 10 years.
900000548 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Assets Satisfied D A D A CRDAST2354 Asset Verification In File is Incomplete Per Requirements No Provide letter of explanation for use of business funds and impact on borrowers business. 04/20/2026 client response: Uploading CPA letter stating no impact 04/20/2026 exception satisfied (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  4 years and 0 months in current residence

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 700. File credit score 724.

CFCFS2854: Significant time in profession
- Clayton Comments:  7 years and 3 months in current profession.
900000551 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 69.57% is below max LTV of 80%.
900000553 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  5 years and 9 months in current residence.

CFCFS2854: Significant time in profession
- Clayton Comments:  20 years and 0 months in current profession.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 55% is below guideline requirements of 80%.
900000555 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 90%, subject's LTV is 80%

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 640, borrower's credit score is 782.
900000557 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A A A D B B B D A A A Credit Title Waived B B B B CRDTIL875 Title Does Not Agree With Mortgage No Title Supplement reflect non borrowing spouses middle initial only; Deed of Trust reflect XXX. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX (not including asset used in asset depletion. CTC $XXX leaves reserves of $XXX or 8.39 mos.  Reserves required 3 mos

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 776 is > the minimum credit score of 640.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Per VVOE, the borrower has been employed with current employer for 7 years and 6 months with a start date of XXX.
900000557 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B B B D A A A D B B B D A A A Property Valuations Appraisal Satisfied D A D A PRVAAPPR2300 Missing Second Appraisal required per guidelines No Missing 2nd appraisal dated 3/18/2026 with an appraised value of $XXX completed by XXX 04/14/2026 client provided 2nd Appraisal 04/14/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX (not including asset used in asset depletion. CTC $XXX leaves reserves of $XXX or 8.39 mos.  Reserves required 3 mos

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 776 is > the minimum credit score of 640.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Per VVOE, the borrower has been employed with current employer for 7 years and 6 months with a start date of XXX.
900000558 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4.20.26-Client provided Application Authorization Document. 4.20.26-Exception Satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 60% is below max LTV of 90%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 5 years 4 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 700.
900000558 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B A A A A D B D B A A A A D B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $2476.28 due to Lender Credit decreased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.23.26-Client provided COC 4/2/26 stating reason for Lender Credit decrease. 4.23.26-Exception Satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 60% is below max LTV of 90%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 5 years 4 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 700.
900000560 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 61.91%; max allowed per guidelines is 70%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  752 qualifying score. Min required per guidelines is 620.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  No mortgage lates on credit report last 2 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 44.09%, max per guidelines is 50%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has 20.4 time at profession.
900000561 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 7.17% is below the guideline minimum of 50.49%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  784 mid score > min required of 600.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has 108 months mortgage payment history 0x30.
900000562 XXXXXX MD Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 761 FICO score. Minimum required 700.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.
900000563 XXXXXX NC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x44.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 657 exceeds min score requirement of 640.
900000564 XXXXXX WA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 700

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X111.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 3 years.
900000565 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX/$XXX PITIA = 2.60 months reserves and no reserves are required when the LTV is less than 75%

CFCFS1746: Significant housing expense reduction
- Clayton Comments:  Previous mortgage payment: $XXX PITIA and new PITIA payment $XXX which is a $XXX savings on the monthly mortgage payment.

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in his profession for 5 years
900000567 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  No lates on mortgage history.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 10 years at current job.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 735 exceeds min 700
900000568 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $126.08 due to $115.50 Broker fee & $10.58 Discount Point Fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.23.26-Client provided COC dated 3/30/26 stating increase for Broker Fee and Discount Point Fee. 4.23.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 683 FICO score. Minimum required 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 64.72% is below max LTV of 70%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Credit report with a mortgage rating of 0x30x24.
900000569 XXXXXX MD Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 741 exceeds guidelines 640.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 45.06% is below guideline requirement of 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.
900000570 XXXXXX OR Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4.24.26-Client provided Application Authorization Document. 4.24.26-Exception Satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 74.99% is below guideline requirements of 90%.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 24.23% is below guideline requirement of 50%.
900000572 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Income/Employment Waived B B B B CRDINC2496 Verbal verification of employment completed outside the stated requirements and/or after closing/funding No VVOE in file dated 2/25/26 is greater than 3 days from Note date XXX client acknowledged exception Final grade B (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 13 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 760 exceeds min score requirement of 700.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been with employer in the past: 13 years.
900000573 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $3,791.94 due to Lender credit decrease with no/valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.29.26-Client provided COC 4/8/26 showing decrease in Lender Credit. 4.29.26-Exception Satisfied. (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0X30X41.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-borrower has been XXX for 44 years 3 months.
900000574 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Missing 03/31/2025 bank statement from XXX #XXX, to complete last 12 months of bank statements. 04/16/2026 client provided  missing statement 04/16/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower jas 20 years at current job.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 8 years at current address.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 8.57% is below max of 50%.
900000575 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 80%; max allowed per guidelines is 90%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  3 years and 8 months in current residence.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  791 qualifying score. Min required per guidelines is 700.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 35.15% is below guideline requirement of 50%.
900000577 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage pay history with 0 x 30 x 24 days late

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 48.07% is below max DTI of 50.49%

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  No mortgage lates in 24 months
900000578 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit DTI Waived B B B B CRDDTI187 Debt Ratio > 50% No DTI 50.81% exceeds guideline maximum of 50.49%.  Variance from lender DTI 50.08% due to excluded debt of $5,000 transfer from personal savings 7/30/26 from XXX #XXX.  Income from 12 months statements from this account $18,985.52 compared to lender income $19,360.52. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 700, borrower's credit score is 808.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Borrower has $XXX or 14.86 months reserve assets
900000579 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4.13.26-Client provided Application Authorization Document. 4.13.26-Exception Satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 24.08 is < the maximum LTV of 80%.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Mortgage history for B2's investment property has been reviewed for 48 months with 0x30.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 800 is > the minimum credit score of 600.
900000580 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  B2 has been with her employer for 7 years 5 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Post-Closing Assets: $XXX - $XXX required 3 months reserves - $XXX/$XXX PITIA = 64.00-months additional reserves.

CFCFS2854: Significant time in profession
- Clayton Comments:  B1 has been in his profession for 9 years 6 months.
900000582 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Missing 2025 W2 05/22/2026 client provided WVOE, that also accounts for 2025. 05/22/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 3.35 mos. Reserves required 0 mos.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 620

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 68.98% is below max LTV of 85%
900000584 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A B B B B B B A A B B Compliance Right of Rescission  Waived B B B B CMPROR117 ROR - Expiration date on form prior to end of rescission period No ROR expiration date of XXX is prior to end of earliest rescission date allowable of XXX.ROR was not hand corrected to change transaction date from XXX to XXX Reopen Rescission and provide borrower with entire Three (3) Day rescission period. 5.7.26-Client requested to change the Status from Open/Active to Waive/Closed. 5.7.26-Final Grade B. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 53.57%; max allowed per guidelines is 70%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been employed in profession for 20 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 40.42%, max per guidelines is 50.49%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. Reserves of $XXX or 22.15 mos. Reserves required 0 mos.
900000584 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A B B B B B B A A B B Credit Terms/Guidelines Waived B B B B CRDTER113 Loan amount is below guideline minimum No Per guidelines, minimum loan amount for 40 Year I/O is $250,000.  Subject loan is $XXX.  Lender provided an exception. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 53.57%; max allowed per guidelines is 70%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been employed in profession for 20 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 40.42%, max per guidelines is 50.49%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. Reserves of $XXX or 22.15 mos. Reserves required 0 mos.
900000584 XXXXXX AZ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A B B B B B B A A B B Credit Terms/Guidelines Waived B B B B CRDTER4631 Loan parameters do not meet guidelines No Subject property is rural. Per matrix P&L stmt income is not permitted on Rural properties. Lender exception provided client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 53.57%; max allowed per guidelines is 70%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been employed in profession for 20 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 8 years.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 40.42%, max per guidelines is 50.49%.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. Reserves of $XXX or 22.15 mos. Reserves required 0 mos.
900000588 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3706 TRID - Curable Issue #1 related to the Closing Disclosure in file No PCCD XXX Section K Payoffs is left blank. Missing mortgage payoff $XXX as listed in Calculating Cash to Close section.  5.20..26-Client provided PCCD 5.19.26 with Mortgage Payoff listed. 5.20.26-Exception Satisfied. (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments:  Credit history is positive.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been working for same employer for 7 years

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 4 years
900000592 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Provide Application Authorization Document. 4/28/26- Document uploaded for review Exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 43.48% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score is 640 for 80%, borrower's credit score is 766
900000592 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof Initial CD issued 4/14/26 was received at least 3 business days prior to Closing. 4.29.26-Client provided Initial CD issued & e-signed 4/14/2026. 4.29.26-Exception Satisfied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 43.48% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score is 640 for 80%, borrower's credit score is 766
900000592 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof Initial CD issued 4/14/2026 was received at least 3 business days prior to Closing. 4.29.26-Client provided Initial CD issued & e-signed 4/14/2026. 4.29.26-Exception Satisfied. (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 43.48% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score is 640 for 80%, borrower's credit score is 766
900000596 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B A A A A C B C B A A A A C B Compliance TILA/RESPA Integrated Disclosure Satisfied C B C B CMPTRID3670 TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation No Zero tolerance of $16,000 due to Broker fee added with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. 4.29.26-Client provided COC 4/15/26 showing Broker fee added. 4.29.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 33 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgager history reporting to credit is positive.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 24 years
900000597 XXXXXX ID Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 717 exceeds min score requirement of 680.
900000603 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance Compliance Manual Satisfied D A D A CMPMAN2956 Missing disclosure No Please provide the Application Authorization Document.  4.24.26-Client provided Application Authorization Document. 4.24.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 25 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total verified of $XXX CTC of $XXX leaving reserves of XXX or 3.30 mos. 0 months reserves required.
900000605 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job, 7 years 5 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $XXX.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 753 exceeds min score requirement of 640
900000606 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof of receipt for Initial CD issued 4/17/26 at least 3 business days prior to closing. 5.11.26-Client provided Initial CD issued & e-signed 4/17/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  781 qualifying score. Min required per guidelines is 620.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 43.19%, max per guidelines is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 70%; max allowed per guidelines is 90%.
900000606 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof of receipt for Initial CD issued 4/17/26 at least 3 business days prior to closing. 5.11.26-Client provided Initial CD issued & e-signed 4/17/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  781 qualifying score. Min required per guidelines is 620.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 43.19%, max per guidelines is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 70%; max allowed per guidelines is 90%.
900000607 XXXXXX VA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50%, borrower's DTI is 36.13%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 660, borrower's credit score is 751.
900000608 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing VVOE prior to closing 5.14.2026- Lender provided VVOE after note date and updated ULAQ> 5.14.2026. Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been employed with for 10 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 60%; max allowed per guidelines is 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 722 exceeds min score requirement of 600.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 39.53%, max per guidelines is 50%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 10 years.
900000610 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50%, borrower's DTI is 45.94%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 42.71% is below guideline requirements of 80%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers have owned/resided at current residence for 23 years.
900000612 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 37.21% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 796 exceeds guidelines 680.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 69.11% is below guideline requirements of 80%.
900000613 XXXXXX WA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 747 exceeds min score requirement of 640.

CFCFS1742: Consumer credit history exceeds guidelines
- Clayton Comments:  Consumer credit show 0x30x99.
900000614 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit Assets Satisfied D A D A CRDAST2670 Asset documentation is insufficient per guideline requirements No Provide copy of check/wire to support receipt of gift funds for $30,000 and that the gift is not the deposits listed on XXX Bank XXX showing a $10,000 deposit 3/4/26 & $20,000 deposit 3/5/26 or borrower will be short verified reserves. 05/06/2026 client provided gift check 050/06/2026 exception satisfied (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 700, borrower's credit score is 749.
900000614 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D B D B A A A A D B D B A A A A Credit DTI Waived B B B B CRDDTI187 Debt Ratio > 50% No DTI 50.57% exceeds guideline maximum of 50.49% based on income calculated at $21,613.18 compared to lender of $21,820.78.  Lender included rent receipt of $3,100 from 11/2025 statement. 5/6/26- Client acknowledged exception  Final grade B (No Data) Not Applicable CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 700, borrower's credit score is 749.
900000615 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 8 years.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Positive mortgage payment history 0x30x65.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 752 exceeds min score requirement of 640
900000616 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B C B A A C A C B C B A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof of receipt for Initial CD issued 4/21/26 at least 3 business days prior to closing. 5.11.26-Client provided Initial CD issued 4/21/26 & e-signed 4/22/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 1 year

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 35 years
900000616 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B C B A A C A C B C B A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof of receipt for Initial CD issued 4/21/26 at least 3 business days prior to closing. 5.11.26-Client provided Initial CD issued 4/21/26 & e-signed 4/22/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 1 year

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 35 years
900000616 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B C B A A C A C B C B A A C A Credit Terms/Guidelines Waived C B C B CRDTER4643 Borrower does not meet guideline requirements No Borrower now has four open loans with this lender, according to the lender's approval. Lender Guidelines permit up to four open loans to the same Borrower, and one must be owner occupied property. All four open loans are on Investment property. Lender exception noted in the file. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 1 year

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 35 years
900000617 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC2408 Income verification does not meet guidelines No Missing the third consecutive bank statement from XXX #XXX for B3 as required for P&L income verification documentation.  File contains the 3/26 & 2/26 statements. 05/12/2026 client provided 2-month statement. 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  755 qualifying score. Min required per guidelines is 740.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrowers have resided in current  occupied residence for 15 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 79.69%; max allowed per guidelines is 90%.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  B2 has been XXX in same job for 6 years.
900000618 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied C A C A CRDINC888 Income Amount is  Unsupported by Documentation in File No Missing Profit & Loss Statement to calculate income. 05/07/2026 client provided P&L from CPA & CPA verification. 05/07/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 10 years 3mo.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 64.86%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  682 mid score > min required of 600.
900000618 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied C A C A CRDINC889 Income is Not Reasonable No Missing Profit & Loss Statement to calculate income. 05/07/2026 client provided P&L from CPA & CPA verification. 05/07/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 10 years 3mo.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 64.86%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  682 mid score > min required of 600.
900000618 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC2302 Missing Required Income Documentation No Missing Profit & Loss Statement to calculate income. 05/07/2026 client provided P&L from CPA & CPA verification. 05/07/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 10 years 3mo.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 64.86%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  682 mid score > min required of 600.
900000618 XXXXXX CT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Income/Employment Satisfied D A D A CRDINC3258 Missing Profit and Loss statement for one or more Self Employed borrowers No Missing Profit & Loss Statement to calculate income. 05/07/2026 client provided P&L from CPA & CPA verification. 05/07/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 10 years 3mo.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 64.86%; guidelines allow 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  682 mid score > min required of 600.
900000620 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing XXX BUSINESS VERIFICATION:One (1) item from the following list may be used for verification of a current and active business.1.Copy of the business license covering the current business year as of the date of the application.2. Copy of the Articles of Incorporation, Operating Agreement, or Partnership Agreement with recorded filing date.3. Tax Preparers Letter:   Letter must be on tax preparer's letterhead;   Tax preparers license verification, from municipal, state or federal licensing boards or proof of their  business existence; and Signed letter from the borrower's tax preparer explaining:  tax preparer's relationship to the business;  personal knowledge of the length of time the business has been in existence; and  percentage of borrowers ownership in the business entity.4.T wo (1) years of business tax returns in the form of 1065, 1120 or 1120S and corresponding Schedule K1 (if applicable).5. Two (1) year of business tax returns in the form of 1040 and corresponding Schedule C. 05/12/2026 client provided proof of XXX and XXX LOE 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for 23 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 17 years 6 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 29.94% is below max LTV of 80%.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X270.
900000621 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 15 years at current job.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 42.55%, max per guidelines is 50%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has 7 years at current primary.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 808 exceeds min score requirement of 620.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 75%; max allowed per guidelines is 85%.
900000624 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 80% is < the maximum LTV of 90%.

CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in the same profession for 10 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 715 is > the minimum credit score of 640.
900000625 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C A C B B B A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3658 TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance No Provide proof of receipt for CD issued 4/24/26. 5.21.26-Client provided CD issued & e-signed 4/24/26. 5.21.26-Exception Satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in his profession for 26 years 5 months.
900000625 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C B B B A A C A C B B B A A C A Credit LTV/CLTV Waived B B B B CRDLTV3026 LTV Exceeds Guideline Requirement by at least 5%, but less than 10% No LTV 90% exceeds the maximum allowed of 85% for loan amount greater than $1.5M. Lender approval in file. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 13 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines of $XXX.

CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in his profession for 26 years 5 months.
900000626 XXXXXX NJ Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  Borrower has been in this line of work in the past: 35 years.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 53 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 720 exceeds min score requirement of 700.
900000627 XXXXXX WI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Application Waived B B B B CRDAPP3822 Missing or incomplete documentation related to citizenship/residency No Final 1003 reflects borrower is a XXX, Missing proof of legal residency which may include an unexpired employment authorization document (EAD) or valid VISA.  Lender priced loan as a ITIN since unable to provide required documents, borrower does has a valid SSN. 4/29/26- Client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 18.65% is < the maximum DTI of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 806 is > the minimum credit score of 680.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 5.78 mos.  Reserves required 0 mos.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has been at current primary residence for 8 years.
900000628 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 780 FICO score. Minimum required 700.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 12.91% is below guideline requirement of 50%.
900000629 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL4033 Missing Legal Document(s) No Missing borrower's divorce decree only an LOE in file  03/12/2026 client provided divorce decree 03/12/2026 exception satisfied (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Maximum DTI is 50.49%, borrower's DTI is 37.45%

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Maximum LTV is 90%, subject's LTV is 85%
900000631 XXXXXX TN Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  19 years and 1 months in current residence.

CFCFS2854: Significant time in profession
- Clayton Comments:  2 years and 5 months in current profession.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 680 exceeds guidelines 660.
900000633 XXXXXX IL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 32.68%, max per guidelines is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV 60% is below guideline requirements of 75%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score 723 exceeds guidelines 660.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Borrower has mortgage payment history 0x30 since XXX.
900000635 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Credit/Mtg History Satisfied C A C A CRDCRMH1805 Debts/obligations not disclosed/accounted for at origination No Provide explanation and documentation to support negative rents of $3,925.16 as listed on the LAW worksheet.  File did not support an additional REO. 05/12/2026 client provided updated ULAW to remove the old lien being counted in the DTI. 5/12/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  715 qualifying score. Min required per guidelines is 700.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 30 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 18 years and 9 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines required $XXX.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with XXX XXX XXX *XXX for 9 years and 3 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 26.03%, max per guidelines is 50%.
900000635 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Legal Documents Satisfied D A D A CRDLGL100 Legal document incorrect or incomplete No Provide the payoff statement from first lien XXX 05/12/2026 client provided demand. 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  715 qualifying score. Min required per guidelines is 700.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage payment history is for 30 months when 12 months are required.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current owner occupied residence for 18 years and 9 months.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines required $XXX.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX with XXX XXX XXX *XXX for 9 years and 3 months.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 26.03%, max per guidelines is 50%.
900000641 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 25.74% is below guideline requirement of 50%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 600. File credit score 643.
900000642 XXXXXX IL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance State Consumer Protection Satisfied D A D A CMPSTCP2057 Illinois Pred Lend Database - No Cert of Compliance or Cert of Exemption in file No Provide the Illinois Certificate of Compliance of Illinois Certificate of Exemption.  5.21.26-Client provided IL Cert of Compliance. 5.21.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 746 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 5.76 mos.  Reserves required 3 mos.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 48.10% is < the maximum DTI of 50%.
900000642 XXXXXX IL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof of receipt for Initial CD issued 5/1/26 at least 3 business days prior to closing. 5.21.26-Client provided XXX Package Details for CD 5/1/26 stating viewed by borrower. 5.21.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 746 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 5.76 mos.  Reserves required 3 mos.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 48.10% is < the maximum DTI of 50%.
900000642 XXXXXX IL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A A A A A D A D A A A A A D A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof of receipt for Initial CD issued 5/1/26 at least 3 business days prior to closing. 5.21.26-Client provided XXX Package Details for CD 5/1/26 stating viewed by borrower. 5.21.26-Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 746 is > the minimum credit score of 640.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 5.76 mos.  Reserves required 3 mos.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 48.10% is < the maximum DTI of 50%.
900000645 XXXXXX GA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Assets Waived B B B B CRDAST3078 Insufficient # of months cash reserves for PITI per guideline requirements No Total assets verified $100,972.65. CTC $73,291.50 leaves reserves of $27,681.15 or 5.94 mos. Reserves required 6 mos. (within 1% variance) client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 784 FICO score. Minimum required 700.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.
900000646 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No No verbal VOE'S within 72 hours of closing in file, for 3 Borrowers. 05/12/2026 client provided VVOEs and updated ULAW with comp factors. 05/12/2026 exception satisfied (No Data) Not Applicable CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  co-borrower Sarah has over 4 years at current job.

CFCFS2860: Good credit history
- Clayton Comments:  No lates on all borrowers reports
900000647 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 721 exceeds min score requirement of 700.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  Actual LTV 75% / Max LTV 90%.
900000650 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 789 FICO score. Minimum required 660.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 61.90% is below max LTV of 70%.
900000652 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Verbal verification of employment missing within 3 days of closing. 05/11/2026 client provided VVOE 05/11/2026 exception satisfied (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 12 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 68.33%; max allowed per guidelines is 85%.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0x30x20.
900000653 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Provide Verbal verification of employment within 3 days of closing 05/11/2026 client provided VVOE 05/11/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 721 exceeds min score requirement of 700.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX. Required reserves $XXX.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 56.30% is below max LTV of 90%.
900000655 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit Title Waived B B B B CRDTIL875 Title Does Not Agree With Mortgage No Preliminary title reflects the Borrower's name as XXX and the Note and Deed of Trust reflects the borrower's name as XXX. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned current primary residence for 28 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 727 is < the minimum credit score of 660.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 35.65% is < the maximum DTI of 50%.
900000658 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been XXX for 6 years 4 months.

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has occupied the subject property for 11 years 5 months.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 32.10% and guidelines allow the HCLTV to be 75%
900000659 XXXXXX HI Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 19% is below max 50%

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 9 years at current job.
900000663 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  The borrower has been in the same line of work for 5 years

CFCFS1736: Significant time at current residence
- Clayton Comments:  The borrower has lived at the current residence for 8 years

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Mortgage history reporting to credit is positive.
900000664 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3618 TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing No Provide proof of receipt for Initial CD issued 04/16/2026 at least 3 business days prior to closing 5.11.26-Client provided Initial CD issued & e-signed 4/16/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  3 years and 7 months in current residence.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.

CFCFS2854: Significant time in profession
- Clayton Comments:  3 years and 8 months in current profession.
900000664 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A A A A A C A C A A A A A C A Compliance TILA/RESPA Integrated Disclosure Satisfied C A C A CMPTRID3626 TRID - CD: Loan consummated before end of waiting period No Provide proof of receipt for Initial CD issued 4/16/2026 at least 3 business days prior to closing. 5.11.26-Client provided Initial CD issued & e-signed 4/16/26. 5.11.26-Exception Satisfied. (No Data) Not Applicable CFCFS1736: Significant time at current residence
- Clayton Comments:  3 years and 7 months in current residence.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $XXX.

CFCFS2854: Significant time in profession
- Clayton Comments:  3 years and 8 months in current profession.
900000665 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit Score of 792 exceeds min score requirement of 640.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 69.18 is below max of 80%.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has 8.4 years at current job.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 30.35 is below max of 50%.
900000666 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors D A D A A A A A D A D A A A A A Credit Assets Satisfied D A D A CRDAST2670 Asset documentation is insufficient per guideline requirements No Missing a copy of the fully executed Gift letter in the amount of $35,000. 05/18/2026 client provided gift letter. 05/18/2026 exception satisfied (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Min credit score required 700. File credit score 780.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  Max DTI 50.49% File 23.11%
900000668 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 736 is > the minimum credit score of 700.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 8.79mos.  Reserves required 6 mos.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 16.61% is < the maximum DTI of 50%
900000670 XXXXXX NH Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX for over 5 years

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 10.60 mos. Reserves required 6 mos.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 32.57% is below max DTI of 50.49%
900000671 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  B1 has been XXX at current job for 6 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  B1 has mortgage payment history 0x30 since XXX.

CFCFS1736: Significant time at current residence
- Clayton Comments:  B1 has owned primary residence for 6 years.
900000672 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 5.35 mos.  Reserves required none.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 75% is below max LTV of 90%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 768 FICO score. Minimum required 620.
900000673 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned departure residence for 10 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Minimum credit score required is 640, borrower's credit score is 728.
900000674 XXXXXX NV Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS2854: Significant time in profession
- Clayton Comments:  Significant time in profession, 20 years.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Significant time at current residence, 7 years.

CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 0X30X49.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 26.35%, max per guidelines is 50%.
900000677 XXXXXX CO Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has owned the subject property for 9 years.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Credit score of 756 is > the minimum credit score of 640.

CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  Current mortgage reviewed for 91 months with 0x30.
900000678 XXXXXX TX Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1740: Mortgage payment history exceeds guidelines
- Clayton Comments:  B1 has mortgage payment history 0x30 since XXX.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 75% is below max LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Verified 669 FICO score. Minimum required 660.
900000679 XXXXXX UT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors B B B B A A A A B B B B A A A A Credit LTV/CLTV Waived B B B B CRDLTV5736 LTV Exceeds Guideline Requirement by less than 5% No LTV 81.89% exceeds the maximum of 80% for purchase on owner occupied property using a non occupant co-borrower.  Lender approval in file. client acknowledged exception Final grade B (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  22  years and 0 months in current profession.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 15.05%, max per guidelines is 50%.

CFCFS1736: Significant time at current residence
- Clayton Comments:  7 years and 8 months in current residence.
900000680 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1739: Postive mortgage payment history
- Clayton Comments:  Postive mortgage payment history 12X30X31.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 791 exceeds min score requirement of 680.

CFCFS2860: Good credit history
- Clayton Comments:  Good credit history 0X30X119.
900000681 XXXXXX WA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 32.96% is below guideline requirement of 40%.

CFCFS2860: Good credit history
- Clayton Comments:  Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 73.09% is below max LTV of 80%.
900000682 XXXXXX FL Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 42.19%, max per guidelines is 50%.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV is 56.99%; max allowed per guidelines is 90%.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  Mortgage history reflects 0 x 30 for the past 55 months.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 739 exceeds min score requirement of 600.
900000683 XXXXXX UT Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  Borrower credit score of 725 exceeds min score requirement of 680.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has been XXX business owner for over 14 years.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  LTV of 75% is below max LTV of 80%
900000684 XXXXXX NC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC2488 Verbal verification of employment missing No Missing the VVOE dated within 3 days of Note date XXX 05/18/2026 client provided VOE 05/18/2026 exception satisfied (No Data) Not Applicable CFCFS1749: Additional documented income not used in qualifying
- Clayton Comments:  Bonus Income: $XXX/12 months = $XXX, however, this income was not used to qualify for the mortgage. Commission Income: $XXX YTD + $XXX XXX+ $XXX XXX = $XXX/26.68 months = $XXX; however, this income was not used to qualify for the mortgage.

CFCFS1745: Significant total monthly debt reduction
- Clayton Comments:  The borrower paid off: $XXX in consumer debt which removed $XXX from the monthly debt service.

CFCFS1737: LTV below guideline requirements
- Clayton Comments:  The HCLTV is 60% and guidelines allow the HCLTV to be 70%

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  The borrower has been with the employer for 25 years 4 months.
900000686 XXXXXX CA Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1741: Credit score exceeds guidelines
- Clayton Comments:  695 mid score > min required of 600.

CFCFS1736: Significant time at current residence
- Clayton Comments:  Borrower has resided in current residence for 4 years 10 months.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments:  Borrower has significant time at current job; 32 years 6mo.

CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments:  Co-Borrower has significant time at current job; 25 years 2mo.

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI 37.08% is below the guideline minimum of 50.49%.
900000689 XXXXXX MD Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors A A A A A A A A A A A A A A A A                               CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI of 27.11 is below max of 50%.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- Clayton Comments:  No mortgage lates on credit report past 2 years.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Total assets verified $XXX. CTC $XXX leaves reserves of $XXX or 20.72 mos. Reserves required 3 mos.
900000691 XXXXXX NC Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors C A C A A A A A C A C A A A A A Credit Income/Employment Satisfied C A C A CRDINC150 Income docs do not meet guidelines No Provide the estimated rent from departure residence on XXX. 05/27/2026 client provided XXX rent estimate 05/27/2026 exception satisfied (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments:  5 years and 0 months in current profession.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments:  Verified cash reserves $XXX exceed guidelines $0.

CFCFS1736: Significant time at current residence
- Clayton Comments:  5  years and 6 months in current residence

CFCFS1744: DTI below guideline requirement
- Clayton Comments:  DTI is 39.96%, max per guidelines is 50%.