Exhibit 99.1 Schedule 4

 

Marketing ID Infinity Loan ID Loan Number Loan Number 2 Borrower Name State QM/ATR Status Initial Overall Loan Grade Final Overall Grade Final Credit Grade Final Property Grade Final Compliance Grade Material (level 3) TRID exception? Material (level 3) Non-TRID exception? Active Material Exceptions Active Non Material Exceptions b Waived Exceptions Compensating Factors Property Type Note Date LTV CLTV Occupancy Purpose Credit Score Brwr 1 Yrs in Property Brwr 1 Occupation Brwr 1 Yrs on Job Total Monthly Income Mortgage History Cash Out Amount DTI FTHB Flag Loan Doc Type Loan Status Review Date
12 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   According to the guidelines, a minimum of two (2) months of bank statements is required for the accounts listed below. However, only one month of statements has been provided in the loan package. "XX" and "XX."

03/20/2026:  Not Resolved.  The statement that is needed is for XX and #XX.
03/31/2026:  Countered.  The only assets listed on the 1003 are for XX and XX so that would be the assets we need to verify.
04//22/2026:  Countered.  The final 1003 indicates the assets being used are from XX and XX. The only documentation provided for those accounts were a blend report from 09/29/2025.  2 months bank statements are required per the guidelines. One additional current bank statement is needed for these accounts listed on the final 1003.
4/23/2025 Resolved. Bank statements provided show a time stamp of when they were pulled which was prior to loan closing.  Two months was reviewed and adhered to guidelines.
    Single Family XX 70.000% 70.000% Investor Refinance 742     XX   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 02/25/2026
28 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Incomplete or Data not complete - EV R
COMMENT:   Provided Collateral Desktop Analysis (CDA) reflects an incorrect loan number (#XX) instead of the subject property loan number (#XX). Provided a copy of updated Collateral Desktop Analysis (CDA) to reflect the correct loan number.
04/18/2026:  Resolved.  The clients loan number is acceptable.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide supporting documentation or a credit supplement for the newly reported debt account, XX.
04/22/2026:  Resolved.  Received a copy of the Note, Disclosure and Security Agreement.
    Single Family XX 80.000% 80.000% Primary Purchase 760   XX 3.58 $5,579.35 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.450% Yes Alternative QC Complete 04/14/2026
31 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Incomplete or Data not complete - EV R
COMMENT:   Provided Collateral Desktop Analysis (CDA) reflects an incorrect loan number (#XX) instead of the subject property loan number (#XX). Provided a copy of updated Collateral Desktop Analysis (CDA) to reflect the correct loan number.
04/16/2026:  Resolved.  The clients loan number is acceptable.

*** (CURED) Assets are not sufficient to close - EV R
COMMENT:   The total verified assets of $13,832.07 are insufficient to meet the six-month reserve requirement. After subtracting the cash-to-close amount of $47,963.81, the remaining assets total $0.00. This falls $44,684.94 short of the required cash to close and reserves of $58,517.01.

05/11/2026:  Countered.  Only received a 1003.  Need proof of additional assets totaling $58,517.01.

5/13/2026 Resolved.  Received settlement statement from a simultaneous closing on another property owned with $XX cash out to borrower which covered cash to close and reserves.
    2 Family XX 80.000% 80.000% Investor Purchase 762         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/13/2026
33 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide the required third party employment verification CPA letter that documents date of business inception and borrowers ownership percentage. In addition, please provide verification of the preparer's CPA license. (business "XX")

03/16/2026:  Not resolved.  A business search is not one of the documents allowed for third party verification.  All other self-employed borrowers:
 Verify from CPA or licensed tax preparer (with PTIN), or
Business Formation Documents (Articles of Incorporation, Bylaws, Charter, Articles of Association) filed with the applicable state and one of the following to verify the borrower’s ownership percentage: Operating Agreement/Partnership Agreement; or
· IRS Employment Identification Number (EIN) letter documenting the borrower’s percentage of ownership in the business; or
· Stock Certificate or other acceptable corporate documentation verifying the number of shared owned by the borrower and documentation confirming the total number of shared issued and outstanding (Corporation).
05/13/2026: Resolved.  Received 2024 K-1 showing 100% ownership
    PUD XX 74.993% 74.993% Investor Purchase 757   XX 2.83 $21,009.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.763% No Alternative QC Complete 03/10/2026
34 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing Required Disclosures - EV R
COMMENT:   Provide copies of missing bank statements for XX. For account ending in #XX, 'August 2025, February 2025, October 2024' and account #XX 'August 2025, July 2025, May 2025, November 2024, August 2024, May 2024'.

04/22/2026:  Resolved.  Received bank statements.
    PUD XX 15.517% 15.517% Primary Cash Out 796 0.16 XX 32.75 $23,851.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$439,533.86 41.043%   Alternative QC Complete 04/14/2026
35 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 66.021% 66.021% Primary Purchase 795   XX 2.66 $4,636.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.749% No Alternative QC Complete 05/19/2026
36 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated insurance with mortgage clause ISAOA/ATIMA

05/07/2026:  Resolved.  policy already has mortgagee clause ISAOA/ATIMA.
    Single Family XX 50.000% 50.000% Investor Cash Out 750         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$112,974.15     Alternative QC Complete 05/05/2026
37 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 70.000% 70.000% Investor Purchase 769   XX 11.92 $121,090.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  10.113% No Alternative QC Complete 04/14/2026
38 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 70.000% 70.000% Primary Cash Out 675 5.08 XX 11.83 $7,398.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$99,140.14 49.918%   Alternative QC Complete 05/05/2026
40 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   Provided master policy is expired on 03/04/2026. provide a copy of updated master policy

04/20/2026:  Countered:  The MASTER insurance policy provided on page 892 with XX  policy #XX expired on 03/04/2025.  A copy of the unexpired policy is needed.

04/21/2026:  Resolved.  When units located within a PUD are covered by individual property insurance policies maintained by their respective owner(s), the lender or servicer is not required to verify master property insurance coverage on PUD common elements.
    PUD XX 74.075% 74.075% Investor Cash Out 727         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$45,857.30     Alternative QC Complete 05/11/2026
41 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide business bank statement (XX for the month of April 2025 & October 2025 as they are missing.
05/22/2026:  Resolved.  Received bank statements.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide the Condominium Seller Disclosure for the District of Columbia evidencing the seller’s approval to pay the special assessment for the new roof in the amount of $271.80, with 40 payments remaining.

5/22/2026:  Incorrect condition.  Page 2 of the condominium seller Disclosure states that the seller agrees to pay, at the time of settlement, any special assessments unless otherwise agreed herein.
    Low Rise Condo  (1-4 Stories) XX 73.244% 73.244% Primary Purchase 798   XX 1.25 $9,480.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.296% Yes Alternative QC Complete 05/19/2026
42 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of updated Title Supplement report with loan amount $XX.
04/23/2026:  Resolved.  Received updated title.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   XX Mtg #XX reporting 4x120 in 2024 however loan was paid off in July 2022. See release of mortgage. Customer has previously disputed but creditor states its resolved. File has been submitted for non-delegated underwriting.

Exception approval present.
6.187 months reserves exceed the minimum guideline of 3 months.

DTI of 30.45% is less than the maximum guideline requirement of 50%.

716 exceeds the minimum guideline requirement of 680

Single Family XX 72.377% 72.377% Primary Cash Out 716 25.17 XX 5.08 $23,437.80 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$129,438.41 30.449%   Alternative QC Complete 04/14/2026
43 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of personal tax returns document with Schedule E page #1 as it is missing.
04/20/2026:  Countered.  The top of the document in question states page 2.  No page 1 was provided.
4/27/2026: Resolved.  Page 1 not required as there is no rent and page 2 shows all income from Schedule E.
    2 Family XX 70.000% 70.000% Investor Cash Out 779   XX 5.5 $33,387.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$278,527.17 25.570%   Full Documentation QC Complete 04/14/2026
46 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated government ID, as the borrower’s provided ID for XX has expired.
05/28/2026:  Resolved.  Received copy of valid passport.
    PUD XX 79.962% 79.962% Secondary Refinance 769   XX 1.5 $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.365%   Full Documentation QC Complete 05/19/2026
47 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 49.737% 49.737% Investor Purchase 760   XX 6.16 $26,307.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.712% No Full Documentation QC Complete 05/05/2026
48 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 48.125% 48.125% Investor Cash Out 758         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$147,550.98     Alternative QC Complete 05/19/2026
49 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Supplemental Title Report to cover the loan amount.
04/28/2026:  Resolved.  Received updated title.
    Single Family XX 69.050% 69.050% Primary Refinance 723 3.5 XX 20.16 $25,492.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.049%   Alternative QC Complete 04/14/2026
50 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Lease agreement for the property address "XX" with rental amount

04/30/2026:  Resolved.  Received lease with correct address  and rental amount.
    Single Family XX 70.000% 70.000% Investor Cash Out 790         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$107,469.10     Alternative QC Complete 04/14/2026
52 XX  XX   XX XX Not Covered/Exempt 4 1 1 1 1 No No     *** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   The loan does not meet the XX guideline, as vesting is permitted only for individual borrowers. However, the title reflects vesting in the LLC name, “XX.”
05/15/2016:  Countered.   Product Vesting Options
XX XX

Must vest in the name of an individual(s).

Vesting in a company is not permitted (Corporations, LLCs, Partnerships, and S-Corporations).

Must vest in the name of an individual(s).

05/19/2026:  Resolved.  Per guidelines 02.26.2026 v26.2 Vesting options-added LLC's are permitted for XX and XX.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the loan score card, as it is missing.

05/15/2026:  Resolved.  XX in original package.
    Low Rise Condo  (1-4 Stories) XX 49.741% 49.741% Investor Cash Out 793   XX 33.08 $9,536.41 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$326,006.66 42.608%   Full Documentation QC Complete 06/08/2026
53 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 37.870% 37.870% Primary Purchase 769   XX 23.42 $104,312.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.065% No Alternative QC Complete 05/20/2026
53 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 51.472% 51.472% Primary Purchase 804   XX 4.66 $6,840.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.852% No Alternative QC Complete 05/19/2026
56 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Secondary Purchase 753         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/06/2026
58 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 54.291% 54.291% Secondary Refinance 807   XX 3.08 $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.835%   Alternative QC Complete 05/05/2026
59 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
04/28/2026:  Resolved.  Received updated title.
    Single Family XX 75.000% 75.000% Investor Cash Out 794   XX 18.08 $15,639.64 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$145,950.08 47.423%   Full Documentation QC Complete 04/14/2026
60 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Provide a copy of Appraiser license as it is missing

04/21/2026:  Received appraisers license information

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of HOA document for property address "XX
04/22/2026:  Resolved.  the 2024 schedule E line 19 shows no HOA fee for this property. Additionally, the underwriting calc sheet comments read verified no HOA third party search

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of HOA document for property address "XX"
04/22/2026:  Resolved.  the 2024 schedule E line 19 shows no HOA fee for this property. Additionally, the underwriting calc sheet comments read verified no HOA third party search
    PUD XX 74.865% 74.865% Investor Cash Out 781   XX 29.16 $15,527.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$268,275.25 25.801%   Full Documentation QC Complete 04/14/2026
64 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 710   XX 7.42 $77,839.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.400% No Alternative QC Complete 05/05/2026
67 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 59.452% 59.452% Primary Refinance 716 10.33 XX 41.08 $84,835.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.072%   Alternative QC Complete 05/19/2026
72 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 50.000% 50.000% Primary Purchase 746         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/20/2026
74 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Homeownership Counselling Disclosure is missing. - EV R
COMMENT:   Missing Homeownership Counseling Disclosure.

Resolved 04/29/2026: Received Homeownership Counseling Disclosure dated 03/05/2026 and exception is cleared.

*** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Dwelling amount $XX is not sufficient to cover loan amount $XX. Provide replacement cost estimator.

04/30/2026 countered: The Letter of Explanation provided does not adequately support that the dwelling coverage meets or exceeds the loan amount in the absence of a Replacement Cost Estimator (RCE).

05/07/2026 Countered : Please provide the updated policy reflecting the replacement cost.

05/12/2026:  Countered.  Please provide the proof of additional coverages/endorsement/exclusions:  SIC HO 23 69  02 22- Specified Additional Amount of insurance Coverage A listed on the declaration page.

05/20/2026 Resolved: Resolved as per the new fannie rules the insurance coverage is sufficient.
    PUD XX 80.000% 80.000% Primary Purchase 771   XX 18.42 $41,146.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.325% No Alternative QC Complete 04/22/2026
78 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 773   XX 3.5 $20,121.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.954% No Alternative QC Complete 05/06/2026
80 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Purchase 769         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/19/2026
81 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the mortgage statement and property tax documentation for the property located at XX.
04/29/2026:  Countered.  In addition to the proof provided for the HOA actual proof of the PITI is needed such as a mortgage statement.

05/06/2026:  Resolved: As of the date the subject note, this property had not yet closed and the payment was included as worst casr scenario.  The CD provided is verification of PITI and seperate verification of the HOA was also provided.
    Single Family XX 46.429% 48.633% Primary Cash Out 691 11.5 XX 14.08 $38,315.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$133,560.25 22.126%   Full Documentation QC Complete 04/24/2026
82 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated hazard insurance policy reflecting the mortgagee information and the subject property address, including unit number #24.
05/14/2026:  Resolved.  Received updated insurance.
    Low Rise Condo  (1-4 Stories) XX 68.966% 68.966% Primary Cash Out 691 1.33 XX 17.08 $6,345.21 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$191,065.99 46.206%   Alternative QC Complete 05/06/2026
83 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 85.000% 85.000% Investor Purchase 751         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
85 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 744         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/19/2026
86 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) DTI > 50% - EV R
COMMENT:   Provide documentation to verify costs and fees for the property located at XX. The costs were stated to be $12/month. Recalculate DTI once received.

05/01/2026:  Countered.  The 1003 lists XX with monthly insurance, Taxes, Association dues as $125.00.  Documentation provided show HOI as $273.00 per month and taxes as $120.94 per month.  Which makes the DTI 50.43.

 05/08/2026:  Countered.   The documentation provided shows the HOI as $273.00 and the taxes at $120.94 for a total of $393.94 not $125.00making the DTI 50.43

05/22/2026:  Resolved.  The correct DTi should be 49.58 with the 125.00 included.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Feb month bank statement for the account "XX
05/01/2026:Resolved.  This asset is not needed.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide proof of distribution of the borrowers income from Merill account matching the amount stated on the loan application of $XX.
05/01/2026:  Countered:  per the underwriters comments in the Resubmission review:  We will need a statement from the borrower regarding plans of retirement, based on guides if retiring within 3 years of the note additional conditions apply.

05/08/2026:  Countered.  The asset qualifier guidelines list which assets are eligible for use. 
Retirement Accounts
 401(k)/403(b) plans or IRA, SEP or XX accounts Borrower is at least 59 ½ years old (retirement age)
 Documentation has been provided confirming the borrower has full access to the funds
 If the borrower is not 59 ½ years old, the borrower must have enough liquid assets to qualify until they reach 59 ½ years of age

7. Required Disclosures
 
• Notice to Borrower: Ability to Repay Disclosure signed by the borrowers
• Ability to Repay (ATR) Certification completed by underwriter
• Borrower’s Affirmation of Information Provided to Establish Ability to Repay (ATR) signed by the borrower
• Asset Qualifier requires a letter of explanation from the borrower certifying their intent to liquidate the assets to pay current expenses

The guidelines don’t state that if they are of retirement age they don’t need the letter on intent.  a letter is still needed from the borrower.

05/13/2026:  Resolved.  Received Bo-borrower is of retirement age and a letter of explanation is not needed on asset based income.
    Single Family XX 60.848% 60.848% Primary Refinance 794 2.25       Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.587%   Alternative QC Complete 04/28/2026
88 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of secondary valuation as it is missing.
05/22/2026:  Incorrect condition.  XX Valuation Intellgence appraisal Risk Review is in original file.
    Single Family XX 85.000% 85.000% Investor Cash Out 744         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$428.14     Alternative QC Complete 05/19/2026
90 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 806       $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/07/2026
91 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 83.844% 83.844% Investor Refinance 744         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/19/2026
92 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 78.947% 78.947% Primary Cash Out 732 4.33 XX 5.92 $7,332.96 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$32,100.86 49.919%   Alternative QC Complete 05/20/2026
96 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of updated title or supplemental title report including Lender ISAOA/ATIMA Clause, as is it missing
04/28/2026:  Resolved.  Received updated title.
    Single Family XX 61.905% 61.905% Investor Purchase 789         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/15/2026
98 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide tax and insurance documents for the property "1XX to verify the stated amount $298.64.
05/15/2026:  Countered.  Provide copy of seller CD for XX to show sold.
05/18/2026:  Resolved.  Copy of settlement statement provided.
    PUD XX 80.000% 80.000% Investor Purchase 779   XX 17.67 $21,615.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.855% No Full Documentation QC Complete 05/08/2026
99 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 41.096% 41.096% Primary Cash Out 749 19.5 XX 2.08 $73,269.92 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$14,532.17 2.015%   Alternative QC Complete 06/08/2026
101 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 757   XX 20.42 $20,544.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$148,509.39 25.682%   Alternative QC Complete 05/19/2026
103 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Homeownership Counselling Disclosure is missing. - EV R
COMMENT:   Missing Homeownership Counseling Disclosure.
05/13/2026:  Countered.  The  Homeownership Counseling Disclosure is missing.
05/13/2026:  Resolved.  Received Hownership Counseling Organization List
    Single Family XX 70.000% 70.000% Primary Purchase 810   XX 11.66 $23,446.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.427% No Alternative QC Complete 05/07/2026
108 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 11.325% 11.325% Investor Refinance 805         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/19/2026
109 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide fully executed letter from business CPA confirming borrowers ownership percentage in the business and how long it has been in operation.

05/13/2026:  Resolved;  Received Corporate resolution of XX, certificate of fact from the office of the secretary of state, franchise tax account status and public iinformation report
    PUD XX 75.000% 75.000% Primary Cash Out 722 1.58 XX 10.75 $23,380.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$136,594.37 43.802%   Alternative QC Complete 05/06/2026
110 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of lease agreement for the property address "XX"

05/22/2026:  Incorrect condition.  The full PITI was included int he ratios no lease is needed.
    PUD XX 80.000% 80.000% Investor Purchase 772   XX 2.91 $12,125.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.744% No Full Documentation QC Complete 05/19/2026
111 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 62.112% 62.112% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/19/2026
112 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 780   XX 5.83 $33,505.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.573% Yes Alternative QC Complete 05/20/2026
115 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 57.252% 57.252% Investor Cash Out 740         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$119,800.49     Alternative QC Complete 05/20/2026
116 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 75.000% 75.000% Investor Cash Out 740         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$39,456.70     Alternative QC Complete 05/20/2026
117 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 72.000% 72.000% Primary Purchase 729   XX 5.66 $49,973.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.287% No Alternative QC Complete 05/06/2026
118 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 68.410% 68.410% Investor Cash Out 740         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$151,630.99     Alternative QC Complete 05/20/2026
119 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 740         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$10,257.78     Alternative QC Complete 05/20/2026
120 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 85.000% 85.000% Investor Purchase 792   XX 1.08 $13,750.01 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.438% No Full Documentation QC Complete 05/20/2026
121 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of the secondary valuation CDA as it is required guidelines.

05/11/2026:  Resolved.  Client provided 2 full appraisals in original package.

*** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Preliminary title does not reflect the amount of $XX title insured coverage amount. provide a copy of supplemental report with lender ISAOA/ATIMA clause.

05/13/2026:  Resolved.  Received updated title.
    Single Family XX 80.000% 80.000% Investor Purchase 783   XX 9.58 $3,878.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.729% No Full Documentation QC Complete 05/07/2026
122 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Photos of the rent comparables are missing from the loan package. Provide photos of all rent comparables listed in the appraisal.
05/15/2026:  Resolved:  Per Fannie Mae photographs of comparable rentals utilized in the Small Income Residentail Appraisal Report (Form 1025) are not required.
    3 Family XX 75.000% 75.000% Investor Cash Out 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$15,648.32     Alternative QC Complete 05/06/2026
123 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 62.887% 62.887% Primary Purchase 721   XX 3.66 $1,028.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.711% No Alternative QC Complete 06/08/2026
125 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Reverification within 10 days is missing - EV R
COMMENT:   Provide verbal VOE for borrower (XX) from (XX) dated within 10 business days of closing.
05/13/2026:  Resolved.  borrower is self employed.  Received letter from CPA.
    PUD XX 80.000% 80.000% Primary Purchase 708   XX 5.67 $22,326.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.977% No Alternative QC Complete 05/11/2026
131 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of Secondary valuation as it is missing
05/14/2026:  Resolved.  A XX Appraisal Risk Review is in the file.
    Single Family XX 85.000% 85.000% Investor Refinance 722         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/07/2026
132 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 780         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
133 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of the secondary valuation CDA as it required by the guidelines.
05/13/2026:  Resolved.  File already had 2 full appraisals.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the loan score card, as it is missing.
05/13/2026:  Resolved.  LoanScore Card is no longer needed.
    Single Family XX 80.000% 80.000% Investor Purchase 747   XX 9.58 $19,514.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.557% No Full Documentation QC Complete 05/11/2026
134 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 66.818% 66.818% Primary Refinance 682 1.16 XX 2.83 $11,503.19 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.510%   Alternative QC Complete 05/07/2026
137 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 82.436% 82.436% Investor Refinance 735         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/07/2026
139 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of Secondary valuation as it is missing.
05/15/2026:  Resolved.  Two appraisals were provided.
    Single Family XX 80.000% 80.000% Investor Purchase 816     2.08   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/07/2026
142 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 773         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/20/2026
144 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 722         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/20/2026
146 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the loan score card, as it is missing.

05/12/2026:  Countered.  Guidelines 02.26.2026v26.2 under #13 underwriting state Loans must be submitted to LoanScoreCard or to XX for approved clients.
05/13/2026:  Resolved:  Loanscore is no longer needed per guidelines.
    PUD XX 75.000% 75.000% Primary Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/07/2026
147 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 80.000% 80.000% Investor Purchase 792       $3,664.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.039% No Full Documentation QC Complete 05/20/2026
150 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 67.376% 67.376% Secondary Purchase 818   XX 15.5 $21,105.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.433% No Full Documentation QC Complete 05/20/2026
152 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 735         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/20/2026
154 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 80.000% 80.000% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/07/2026
155 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 30.343% 30.343% Secondary Purchase 800   XX 12.92 $10,812.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.640% No Alternative QC Complete 05/20/2026
158 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Secondary Purchase 798       $79,300.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.745% No Alternative QC Complete 05/19/2026
159 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/20/2026
164 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 85.000% 85.000% Investor Purchase 756   XX 7.33 $54,526.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  4.268% No Alternative QC Complete 05/20/2026
166 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 53.095% 53.095% Primary Purchase 800         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  9.843% No Alternative QC Complete 05/20/2026
200 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.562% Allowed 7.870% Overby +0.692%

This loan is compliant with regulation 1026.35
    Low Rise Condo  (1-4 Stories) XX 90.000% 90.000% Primary Purchase 742   XX 3.58 $12,873.51 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.598% Yes Alternative QC Complete 05/05/2026
201 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.591% Allowed 7.870% Overby+0.721%

This loan is compliant with regulation 1026.35.
    2 Family XX 90.000% 90.000% Primary Purchase 770   XX 17.91 $26,721.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.937% Yes Alternative QC Complete 05/21/2026
202 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 47.049% 47.049% Primary Purchase 733         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 05/21/2026
203 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 85.000% 85.000% Investor Purchase 776         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/17/2026
204 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The title insurance amount of $XX is insufficient to cover the loan amount of $XX. Provide a copy of the title supplemental report.

05/08/2026:  Resolved.  Received updated title.
    3 Family XX 75.000% 75.000% Investor Cash Out 757         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$127,487.32     Alternative QC Complete 05/05/2026
204 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) HUD-1 Closing Statement missing or unsigned - EV R
COMMENT:   Missing Final Closing Disclosure

Resolved 04/20/2026: Received Final Closing Disclosure dated 04/XX/2026 and exception is cleared.
    PUD XX 70.000% 70.000% Primary Purchase 758   XX 2.75 $690,566.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  6.626% No Alternative QC Complete 04/16/2026
209 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/26/2026
210 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Loan score card 1st page is missing.

05/11/2026:  Resolved.  Received passing LoanScorecard.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Excessive NSF's

A copy of an exception approval letter is available in the loan file.
DTI: 10.58% DTI is less than the maximum guideline requirement of 50.00%.

LTV: 58.82% LTV is less than the guideline requirement of 75.00%.

Reserves: The 89 months of available reserves are more than the guideline requirement of 3 months.



PUD XX 58.824% 58.824% Primary Cash Out 641 30.71 XX 18.16 $43,000.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$328,323.25 10.575%   Alternative QC Complete 05/06/2026
212 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 77.619% 77.619% Investor Purchase 771         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/26/2026
213 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 65.179% 65.179% Primary Refinance 711 0.66 XX 8.33 $15,036.12 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.682%   Alternative QC Complete 05/06/2026
215 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Primary Cash Out 788 24 XX 5 $8,347.63 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$474,387.15 45.955%   Alternative QC Complete 05/05/2026
216 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 52.500% 52.500% Investor Cash Out 681         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$143,931.99     Alternative QC Complete 05/21/2026
218 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Insurance premium is missing in hazard insurance document. Provide a copy of insurance with premium.

05/08/2026:  Resolved.  Received updated HOI with premium.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of Jan 2026 bank statement for account " XX"

05/07/2026;  Resolved.  The asset is good through 03/XX/2026 and the 12/XX/2025 statement is within 45 days of the application date and the loan closed 03/XX/2026.  Asset is not expired.
    Single Family XX 59.091% 59.091% Primary Refinance 732 0.75 XX 4.5 $105,367.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.457%   Alternative QC Complete 04/28/2026
222 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a legible copy of borrower Govt ID.

05/11/2026:  Resolved.  Received ID
    Single Family XX 80.000% 80.000% Primary Purchase 790   XX 2.25 $167,833.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.439% No Alternative QC Complete 05/06/2026
223 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 05/27/2026: Received Initial Closing Disclosure dated 05/06/2026 and exception is cleared.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Missing page two of the promissory note.
05/27/2026:  Resolved.  Received page 2 of Note.
    PUD XX 75.000% 75.000% Primary Purchase 772         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/20/2026
224 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 737       $13,231.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$68,724.61 43.460%   Alternative QC Complete 05/26/2026
225 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of supplemental title report , as the proposed title insured amount $XX is inadequate to fully cover the loan amount of $XX.
05/14/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide bank statement form Sep 25-2025 to Oct 24-2025, as it is missing
05/13/2026:  Resolved.  Received bank statements.
    Low Rise Condo  (1-4 Stories) XX 85.000% 85.000% Primary Purchase 725   XX 2.16 $9,305.32 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.558% Yes Alternative QC Complete 05/06/2026
227 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 785         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/05/2026
229 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.412% Allowed 7.520% Overby +0.892%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of missing March(2025) month bank statement for XX
04/20/2026:  Countered.  The print out provided only goes through 03/23/2026.  It's not an actual statement that shows a good through date.
04/22/2026:  Resolved.  Received a printout dated 03/18/2026.

*** (CURED) State Higher Price Mortgage Loan - EV R
COMMENT:   Maryland COMAR 09.03.06.02B(13) , COMAR 09.03.09.02B(6) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of Maryland Regulations (COMAR).

Higher-Priced Mortgage Loan Test: Charged 8.412% Allowed 7.520% Overby +0.892%

This loan is compliant with regulation MD COMAR, (Maryland COMAR 09.03.06.02B(13) , COMAR 09.03.09.02B(6).
    PUD XX 80.000% 80.000% Primary Purchase 699   XX 5.66 $43,535.74 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.384% No Alternative QC Complete 04/07/2026
232 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 704         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/06/2026
234 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated lease agreement for the subject property XX. Lease agreement in file is expired on 03/31/2026.

05/29/2026:  Resolved. Received LOE.  Purchase transaction, expired lease so not conveying with property.  Using market rent to qualify as worst case since lower than previous expired lease rent amount.
    2 Family XX 85.000% 85.000% Investor Purchase 767         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
235 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 745   XX 7.25 $24,733.55 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.234% No Alternative QC Complete 05/26/2026
235 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy updated of supplemental title report , as the proposed title insured amount $XX is inadequate to fully cover the loan amount of $XX.
05/27/2026:  Resolved.  Received updated title.
    Single Family XX 74.643% 74.643% Investor Cash Out 782         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$1,588.60     Alternative QC Complete 05/21/2026
236 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Primary Purchase 801   XX 4.83 $10,400.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.155% Yes Full Documentation QC Complete 05/21/2026
237 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The DOT document reflects only one borrower, while the Note and Credit Report reflect two borrowers. Please provide a corrected DOT that includes the co-borrower’s (XX) name.

05/22/2026:  The co-borrower on the loan is a co-signer and is not required to sign the DOT.
    Single Family XX 70.000% 70.000% Primary Purchase 758 1.83 XX 3.42 $6,429.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.994% Yes Alternative QC Complete 05/13/2026
238 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 63.077% 63.077% Investor Purchase 721         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 05/05/2026
239 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Cash Out 797 3.08     $3,202.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$23,055.58 49.075%   Full Documentation QC Complete 04/08/2026
240 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Refinance 722   XX 10.33 $62,519.14 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.300%   Alternative QC Complete 05/21/2026
242 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Amount of title insurance is not sufficient to cover the loan amount of $XX, provide a copy of title supplement report
04/16/2026: Resolved. Received updated title.

*** (CURED) Condo / PUD rider Missing - EV R
COMMENT:   Provide a copy of PUD rider as it is missing
04/14/2026:  Resolved.  Received PUD rider

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing Shareholder's agreement and Articles of organization for XX showing 61% ownership of XX.
04/15/2026:  Countered.  The Articles of organization for XX XXshowing 61% ownership of XXis needed to show proof that xxownership
04/21/2026:  Countered.  The document provided doesn't mention anything about XX.  Need Articles of organization for XX showing 61% ownership of XX

04/29/2026 :  Resolved.  the borrower has 51% ownership of XX has 61% ownership of XX
    PUD XX 70.611% 70.611% Primary Refinance 729 1.5 XX 2.41 $89,269.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.711%   Alternative QC Complete 04/07/2026
243 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 743   XX 2.66 $18,646.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.993% Yes Alternative QC Complete 04/17/2026
244 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.585% Allowed 7.760% Overby +0.825%

This loan is compliant with regulation 1026.35.
    PUD XX 90.000% 90.000% Primary Purchase 722   XX 2.16 $7,486.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.720% Yes Alternative QC Complete 05/15/2026
246 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Purchase 743         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/06/2026
247 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 723 3.66 XX 15.25 $57,938.30 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$285,823.76 14.951%   Alternative QC Complete 05/06/2026
251 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 53.235% 53.235% Primary Cash Out 666 26 XX 14.33 $10,538.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$276,644.62 49.989%   Alternative QC Complete 05/26/2026
252 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of the driving license for borrower "XX", as it is missing.

05/11/2026:  Resolved.  Received ID
    2 Family XX 75.000% 75.000% Investor Refinance 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/06/2026
253 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 734   XX 5.16 $118,656.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.285% Yes Alternative QC Complete 06/08/2026
254 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated hazard insurance for subject property with mortgagee clause reflecting "XX ISAOA/ATIMA".

05/29/2026:  Resolved.  Received updated insurance
    Low Rise Condo  (1-4 Stories) XX 85.000% 85.000% Investor Refinance 779         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/26/2026
255 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 750         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/13/2026
258 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated title report or supplemental report for the subject address, as is it missing
04/23/2026:  Resolved.  Received updated title.
    Single Family XX 49.310% 49.310% Investor Refinance 789   XX 5.16 $13,624.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.908%   Alternative QC Complete 04/07/2026
260 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Stated Asset Qualifier income from 1008 and 1003 is $38,333. however, Asset Qualification calculator reflecting as $3,923.54 - Reviewer calculated income is $28,977.74.
5/13/2026:  Resolved.  Received letter from underwriter stating There should be no income on Asset qualifier loans, this was included in error.  A new 1003 and 1008 were provided.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Use business assets for down payment due to current residence selling after closing vs business assets not permitted per guidelines.




Exception Approval Present.
Low LTV:  LTV of 50.17% is less than the maximum guideline requirement of 80%.

Credit Score : 737 exceeds the minimum guideline requirement of 640

$3,927.16 residual income vs min $2,500 required residual income.


PUD XX 50.167% 50.167% Primary Purchase 737       $38,333.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.169% No Alternative QC Complete 05/07/2026
261 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 80.000% 80.000% Investor Purchase 803         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/17/2026
262 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Proposed title amount is less than the loan amount of $XX  04/30/2026: Resolved.   Received updated title.

*** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   HOI policy lists coverage amount and replacement coverage enough to cover loan amount.  is less than the loan amount of $XX

Resolved: 05/06/2026:   HOI policy lists coverage amount and replacement coverage enough to cover loan amount.
    2 Family XX 57.875% 57.875% Investor Cash Out 771 16       Mos Reviewed:54
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$746,570.46     DSCR QC Complete 04/27/2026
264 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title supplemental report, as the amount of title insurance $XX is less than the loan amount $XX

04/20/2026 Resolved : The copy of final Title policy resolves the condition.
    Single Family XX 46.471% 46.471% Primary Refinance 740 0.75 XX 3.58 $8,981.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.449%   Alternative QC Complete 04/08/2026
267 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide supporting document for the credit liability as it is missing.

Inst -XX $24,623 $192.00

04/21/2026:  Countered  The loanscore card provided does not clear the condition.  Need documentation to clear the credit libility Inst - XX  $24,623 $192.00
04/28/2026:  Resolved.  Credit report in file shows this account as paid and at a zero balance.
    Single Family XX 72.354% 72.354% Primary Refinance 777 1.75 XX 27.16 $93,871.96 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.877%   Alternative QC Complete 04/08/2026
268 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 775         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
269 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 759       $11,452.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.447% No Alternative QC Complete 05/13/2026
270 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 64.286% 64.286% Investor Cash Out 762         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$272,187.20     Alternative QC Complete 05/06/2026
271 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/26/2026
272 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 52.174% 52.174% Primary Cash Out 736 29 XX 36.75 $4,508.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$47,030.63 41.947%   Alternative QC Complete 05/05/2026
273 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 66.054% 66.054% Primary Cash Out 736 13.33 XX 3.83 $44,329.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$111,247.38 17.139%   Alternative QC Complete 05/06/2026
274 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 774   XX 5.83 $381,934.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  2.276% No Alternative QC Complete 05/06/2026
275 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Final Application Incomplete - EV R
COMMENT:   Provide a complete copy of the final application, as only 6 of the 15 pages are currently available in the loan file.

05/11/2026:  Resolved.  Received all pages of 1003.
    Single Family XX 80.000% 80.000% Primary Cash Out 767 2.17 XX 3.08 $24,041.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$65,371.23 25.318%   Alternative QC Complete 05/06/2026
275 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 59.200% 59.200% Primary Cash Out 743 10.08 XX 2.33 $17,235.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$77,304.31 39.349%   Alternative QC Complete 05/12/2026
275 XX  XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   To allow foreign assets that do not need to be moved to US banking institution to qualify.


Exception Approval Present.
Credit Score : 742 exceeds the minimum guideline requirement of 720

LTV:  LTV of 80% is less than the maximum guideline requirement of 90%.

Actual residual income of $5,751.80 vs required $2,500
PUD XX 80.000% 80.000% Primary Purchase 742         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/26/2026
277 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 729         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/06/2026
279 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 05/11/2026: Received Initial Closing Disclosure dated 04/01/2026 and exception is cleared.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Allowing to use VOR from owner when transaction is between landlord and tenant without canceled checks.   Exception approval is present
Credit Score : 729 exceeds the minimum guideline requirement of 700  Low DTI : DTI of 34.45% is less than the maximum guideline requirement of 50%.  Reserve : 10.964 months reserves exceed the minimum guideline of 5 months.  PUD XX 85.000% 85.000% Primary Purchase 729   XX 4.41 $11,072.01 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.446% No Alternative QC Complete 05/06/2026
280 XX  XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception to not require a 5% LTV reduction for declining market.


Exception approval present
Credit Score - 754 is exceeding the minimum score of 680.

Low LTV:  LTV of 75% is less than the maximum guideline requirement of 80%.

10.136 months verified reserves are short of the guideline requirement of 6 months.
PUD XX 75.000% 75.000% Investor Cash Out 754         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:1
Max Days Dlq Last 12 Mos:30
Verification Type:Credit Report
$29,368.82     DSCR QC Complete 05/07/2026
281 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of supplemental title report , as the proposed title insured amount $XX is inadequate to fully cover the loan amount of $XX

05/07/2026:  Resolved.  Received updated title.
    Single Family XX 73.377% 73.377% Investor Refinance 668         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 04/17/2026
282 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 39.034% 39.034% Investor Purchase 718         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/26/2026
284 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 66.038% 66.038% Investor Purchase 804   XX 4.58 $14,124.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.506% No Full Documentation QC Complete 05/21/2026
285 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   Provide a copy of Hazard insurance with Mortgage Clause.
05/19/2026:  Countered.  the mortgagee clause needs to be complete with ISAOA/ATIMA included.
05/19/2026:  Resolved.  Received updated HOI with mortgagee clause
    Single Family XX 75.000% 75.000% Investor Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
286 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Coverage amount $XX on the title report is less than the loan amount of XX. Provide a copy of Title supplement to cover the loan amount.
05/29/2026;  Resolved  Received updated title
    Single Family XX 75.000% 75.000% Primary Purchase 707   XX 2.92 $5,759.80 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.934% Yes Alternative QC Complete 05/21/2026
287 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 721   XX 4.33 $21,915.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.628% No Alternative QC Complete 05/06/2026
289 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.

05/29/2026:  Resolved.  Received Borrower Business Purpose Certification.
    Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 741         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/27/2026
293 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 805         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/06/2026
299 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   TRID violation due to appraisal fee increase on Final CD dated 04/XX/2026. Initial LE dated 03/XX/2026 reflects appraisal fee as $550.00 however, revised CD dated 04/17/2026 reflects the appraisal fee as $625.00. Require PCCD/COC to cure the tolerance violation of $75.00.

Resolved 05/15/2026: Received PCCD dated 05/12/2026 and exception is cleared.
    Single Family XX 80.000% 80.000% Primary Cash Out 796 0.16 XX 30.16 $26,720.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$399,246.89 34.687%   Full Documentation QC Complete 05/05/2026
300 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of govt ID for the borrower (XX) as it is missing.

05/11/2026:  Resolved.  Received ID

*** (CURED) ComplianceEase TILA Test Failed - EV R
COMMENT:   The final CD reflects a disbursement date of 04/XX/2026, which is the same as the cancellation date reflected on the ROR document. Provide the corrected disbursement date.

Resolved 05/12/2026: Received disbursement date 04/XX/2026 and exception is cleared.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the October business bank statement for XX account #XX, as it is currently missing from the loan file.

05/13/2026:  Resolved.  Received October bank statement
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   NSF event of 14 exceed the guideline requirement of maximum six NSF event in the any 12-month period.

Exception approval present
LTV of 50.78% is less than the maximum guideline requirement of 85%.

Residual Income : $1,690.69 monthly ( Calculate it Total income - Total obligation)

Reserve : 18 months reserves exceed the minimum guideline of 6 months
Single Family XX 50.778% 50.778% Primary Cash Out 684 28     $2,529.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$30,649.96 49.959%   Alternative QC Complete 05/07/2026
301 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the gift letter for $11,500.00. We have a gift letter only for $10,000 in the file.

05/08/2026:  Resolved.  Received a signed gift letter for $11,500.00

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of Tax Cert for the Subject property.

05/08/2026:  Resolved.  An underwriter tax summary new construction was provided calculating the tax amount.
    PUD XX 80.000% 80.000% Primary Purchase 708   XX 2.83 $26,018.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.858% No Alternative QC Complete 05/05/2026
302 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the supporting evidence document receipts HOA fee for the properties #XX, in the amount of $150.00, along with the lender 'XX' corresponding mortgage statements, as it is missing.

05/20/2026:  Resolved.  Received documentation for the $150.00 and the CD from XX in lieu of the mortgage statement.
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Refinance 782   XX 6 $340,537.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.854%   Alternative QC Complete 05/13/2026
306 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Final 1003 must be corrected to reflect the co-borrower’s accurate residency status. The government-issued ID indicates ‘Permanent Resident Alien,’ while the application currently reflects ‘U.S. Citizen.’
04/08/2026: Resolved.  Received updated 1003.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the VOR for XX, as the borrower is currently residing in a rented and the document is missing.
04/09/2026:  Countered.  A VOR will be needed for the correct address of XX/ XX
04/13/2026:  Resolved.  Received copy of lease agreement and payments are on the bank statements.
    Low Rise Condo  (1-4 Stories) XX 70.313% 70.313% Investor Cash Out 799   XX 2.16 $18,191.51 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$306,209.12 30.032%   Alternative QC Complete 04/01/2026
309 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 768   XX 2.25 $52,136.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.629% No Alternative QC Complete 05/07/2026
310 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   HOI coverage is $XX dwelling. Additional ins. docs in file were not legible.
05/13/2026:  Resolved.  Received RCE.

*** (CURED) Mortgage history for primary residence less than 12 months - EV R
COMMENT:   Current mortgage on subject properry (per credit supplement) verifies 0x30 from 9/2025 to 4/2026, 5 months. LOX in file indicates living with family 7/2025 to 8/2025. 1003 in file indicates a previous home sold (XX) but mortgage not on credit report and no VOM or documentation verifying it as a free and clear owned property.
05/15/2026:  Resolved.  Received property detail report for XXshows borrower had no ownershio in this property.

*** (CURED) Mortgage Not Recorded - EV R
COMMENT:   Recording verification not found on the 2 source doc's

Resolved 05/12/2026 - Resolved as the mortgage is not required to be recorded at this stage.

*** (CURED) Property listed for sale in past 12 months - EV R
COMMENT:   Cash out loan, need verification of subject purchase date to meet cash out seasoning requirements.
05/15/2026:  Resolved.  Title shows when property was acquired.
    Single Family XX 80.000% 80.000% Primary Cash Out 767 0.58     $5,527.06 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$115,424.84 49.786%   Alternative QC Complete 05/08/2026
314 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Incomplete or Data not complete - EV R
COMMENT:   Desk review dated 02/11/2026.Provide an updated desk review (CDA) pulled after the appraisal report dated (03-XX-2026).

04/29/2026:  Resolved.  Received  desk review dated 04/23/2026

*** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of supplemental title report , as the proposed title insured amount $XX is inadequate to fully cover the loan amount of $XX.

Resolved:  Received updated title.
    Single Family XX 66.593% 66.593% Investor Refinance 779         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 04/08/2026
315 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 729         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
317 XX  XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z

Higher-Priced Mortgage Loan Test: Charged 8.592% Allowed 7.910% Overby+0.682%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception on property type: Barndominium.


Exception Approval Present.
Credit Score : 653 exceeds the minimum guideline requirement of 640

Low DTI : DTI of 23.20% is less than the maximum guideline requirement of 50%.

Low LTV:  LTV of 51.32% is less than the maximum guideline requirement of 80%.





Single Family XX 51.316% 51.316% Primary Purchase 653   XX 10.08 $23,491.44 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.199% Yes Alternative QC Complete 05/21/2026
321 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 726         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/27/2026
322 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Hazard insurance including Lender ISAOA/ATIMA clause, as is it missing.
03/24/2026:  Resolved.  Received loe stating loan is a correspondent loan and the mortgagee clause is the brokers  clause.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   2377-1Provide a copy of updated title report including Lender ISAOA/ATIMA clause, as is it missing.
04/06/2026:  Resolved.  This is a correspondent loan and the mortgagee reads per the brokers (lenders) requirement not XX.
    Single Family XX 36.585% 36.585% Primary Cash Out 697 36 XX 52.08 $6,668.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$84,896.95 35.954%   Alternative QC Complete 03/12/2026
323 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 73.874% 73.874% Primary Cash Out 735 1.16 XX 23.83 $67,823.10 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$261,633.79 28.560%   Alternative QC Complete 05/12/2026
325 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 69.354% 69.354% Primary Cash Out 738 0.16 XX 9.5 $81,243.03 Mos Reviewed:24
Times 1X30:1
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:30
Max Days Dlq Last 12 Mos:30
Verification Type:Credit Report
$499,042.49 32.093%   Alternative QC Complete 06/08/2026
326 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
05/15/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit
    Single Family XX 85.000% 85.000% Investor Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
328 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement to cover the loan amount of $XX

05/21/2026:  Resolved.  Received updated title with proposed loan amount of $XX
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception to waive 12 months prior ownership for rate/term buyout.


A copy of an exception approval letter is available in the loan file.
FICO: 728 FICO exceeds the guideline requirement of 640.

Reserves: The 541 months of available reserves are more than the guideline requirement of 3 months.

DTI: 11.154% DTI is less than the maximum guideline requirement of 50.00%.
Single Family XX 27.468% 27.468% Primary Refinance 728 27 XX 6.66 $40,515.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.154%   Alternative QC Complete 05/11/2026
329 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 60.870% 60.870% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
331 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 736   XX 3.66 $11,102.35 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.460% Yes Alternative QC Complete 05/21/2026
332 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 778 4.58 XX 5.25 $8,903.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$173,185.61 23.377%   Alternative QC Complete 05/07/2026
333 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 69.116% 69.116% Primary Refinance 775 1 XX 0.25 $18,001.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.030%   Full Documentation QC Complete 05/21/2026
335 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 758   XX 4.66 $63,951.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.764% No Alternative QC Complete 05/07/2026
337 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Title report with sufficient amount of title insurance $XX is missing the proposed insured. Provide an updated title report.
04/28/2026:  Resolved.  Received updated title.
    Single Family XX 85.000% 85.000% Primary Purchase 744   XX 2.25 $5,622.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.499% Yes Alternative QC Complete 04/23/2026
337 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 776   XX 11.58 $9,281.19 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.094% No Full Documentation QC Complete 05/12/2026
340 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 737 4.5 XX 4.83 $16,909.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,660.15 29.017%   Alternative QC Complete 04/17/2026
342 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 70.000% 70.000% Investor Purchase 801         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
343 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a legible GOV ID for both borrowers.

05/28/2026:  Resolved.  Received valid ID's

*** (CURED) Missing Appraisal - EV R
COMMENT:   Provide a copy of Full Appraisal as it is missing
05/27/2026:  Resolved.  Received appraisal for $XX
    Single Family XX 63.601% 63.601% Investor Cash Out 735         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$90,332.98     Alternative QC Complete 05/22/2026
345 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 722         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
347 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of initial 1003 loan application.

05/12/2026:  Resolved.  Received initial application
    Single Family XX 75.000% 75.000% Investor Cash Out 751         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$87,470.52     Alternative QC Complete 05/07/2026
348 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 81.818% 81.818% Investor Refinance 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 06/08/2026
350 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 794   XX 11.58 $54,922.61 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.476% No Full Documentation QC Complete 05/21/2026
351 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 757         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/27/2026
354 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Refinance 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/07/2026
356 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 39.200% 39.200% Secondary Refinance 775   XX 7.5 $15,416.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.454%   Full Documentation QC Complete 05/21/2026
357 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Per the guidelines, the maximum allowed mortgage delinquencies in the last 12 months are 1x30 days and 0x60 days. However, this loan shows 1x30x12 days late and 1x60x12 days late, which is not acceptable.

04/20/2026 Countered : The copy of LOX on pg # 334 does say that the property was deeded in the borrower's name and the condition is valid.

04/30/2026:  Resolved.  Credit supplement shows the mortgage is not in the name of the borrower but in the name of Estate of XX.
    Single Family XX 53.905% 53.905% Primary Cash Out 737 6.33 XX 15.33 $128,555.80 Mos Reviewed:24
Times 1X30:1
Times 1X60:1
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$749,641.46 14.877%   Alternative QC Complete 04/09/2026
360 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing Business Purpose & Occupancy Affidavit

05/20/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit.
    Single Family XX 75.000% 75.000% Investor Cash Out 797         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$167,995.95     Alternative QC Complete 06/08/2026
362 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX

4/7/2026 Resolved.  Received updated Schedule A verifying coverage of $XX
    2 Family XX 72.846% 72.846% Primary Refinance 752 2 XX 10.67 $30,754.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.626%   Alternative QC Complete 03/18/2026
364 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide HOA document for the property "XX".

05/29/2026:  Resolved.  Received document for HOA

*** (CURED) Reverification within 10 days is missing - EV R
COMMENT:   Provide an executed VVOE for the employer "XX".
05/13/2026:  Resolved.  Received VVOE.
    Single Family XX 75.000% 75.000% Primary Cash Out 689 3.33 XX 6.08 $12,975.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$31,868.72 41.066%   Alternative QC Complete 05/07/2026
366 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 784   XX 17 $46,000.00 Mos Reviewed:24
Times 1X30:
Times 1X60:
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.107% No Full Documentation QC Complete 05/11/2026
367 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 57.143% 57.143% Primary Purchase 765         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
369 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 54.021% 54.021% Primary Cash Out 662 14 XX 18.16 $6,438.69 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,946.57 47.906%   Alternative QC Complete 05/12/2026
373 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 753   XX 11.25 $10,380.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.781% No Alternative QC Complete 05/27/2026
374 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report for title policy to cover the loan amount.

05/18/2026:  Resolved.  Received updated title

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of rent free letter for the property XX, as it is missing.
05/20/2026:  Incorrect condition.  Resolved.  Rent free letter not needed on Smartvest.
    2 Family XX 80.000% 80.000% Investor Purchase 734         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
375 XX  XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the receipt or supporting documentation for the supplemental tax or HOA fee in the amount of $61.56 for the property located at XX

05/05/2026:  Resolved.  Initial 1003 indicated 667.00 for monthly dues.  The current appraisal provides the current HOA amount.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception to use of retirement assets for Asset based income when borrower is not within three (3) years of retirement age but is 51 months from retirement age.

Exception approval present
Credit Score : 806 exceeds the minimum guideline requirement of 720
Residual Income : $6,477.00 monthly
DTI of 41.18% is less than the maximum guideline requirement of 50%.
Mid Rise Condo  (5-8 Stories) XX 60.748% 60.748% Investor Purchase 806       $11,011.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.771% No Alternative QC Complete 04/23/2026
377 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 78.049% 78.049% Primary Cash Out 780 2.58 XX 16.16 $98,913.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$500,000.00 38.502%   Alternative QC Complete 05/08/2026
379 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 50.738% 50.738% Primary Cash Out 785 2 XX 4.25 $5,991.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$260,302.73 48.562%   Alternative QC Complete 06/08/2026
381 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Incomplete or Data not complete - EV R
COMMENT:   Provide a copy of the secondary valuation. The current valuation on file does not correspond with the listed city name and ZIP code.

04/29/2026:  Resolved.  Received desk with correct city and zip.
    PUD XX 60.976% 60.976% Secondary Purchase 812         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/09/2026
382 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
05/27/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit.
    Single Family XX 80.000% 80.000% Investor Purchase 759         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
383 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 50.000% 50.000% Investor Purchase 798         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/07/2026
384 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 33.500% 33.500% Investor Refinance 798   XX 4.5 $469,761.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  4.687%   Alternative QC Complete 03/30/2026
385 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   The property is documented as a PUD not a Condo therefore hazard insurance coverage must be equal to or less than the new loan amount. This is unless a RCE prepared by the hazard insurance provider is provided to document that the proposed coverage of XX is sufficient to rebuild the subject entirely. Provide a copy of the Replacement Cost Estimator prepared by the hazard insurance provider, as is currently, the dwelling coverage is insufficient in the amount of $XX since the new loan amount is $XX.
05/08/2026:  Resolved.  Received insurance with building coverage of $XX
    PUD XX 68.966% 68.966% Primary Purchase 789         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/23/2026
387 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 59.983% 59.983% Primary Cash Out 678 23.25   3.08 $3,095.85 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$76,205.38 44.434%   Alternative QC Complete 03/30/2026
388 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Investor Purchase 796       $13,599.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.751% No Full Documentation QC Complete 05/12/2026
390 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1)  Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Allowed 8.242% Charged 7.720% Overby +0.522%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an executed VVOE for the employer "XX".
05/13/2026:  Resolved.  Received VVOE.
    Single Family XX 75.000% 75.000% Primary Cash Out 692 10 XX 10.25 $12,427.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$97,893.37 44.202%   Alternative QC Complete 05/08/2026
394 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 78.757% 78.757% Primary Purchase 773   XX 4.83 $21,885.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.880% No Full Documentation QC Complete 05/27/2026
396 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 736   XX 2.83 $18,774.74 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.082% No Alternative QC Complete 05/14/2026
400 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 55.821% 55.821% Primary Cash Out 732 17 XX 42.16 $17,040.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$337,983.09 28.351%   Alternative QC Complete 05/12/2026
403 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   6.The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
05/15/2026:  Resolved.  Received updated title.
    Single Family XX 75.000% 75.000% Investor Purchase 754         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
404 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 727 6 XX 2.83 $31,590.31 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$35,733.34 8.998%   Alternative QC Complete 05/26/2026
406 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide copy of driver's license or other acceptable form of Identification for borrower (XX), as it is missing.
05/28/2026:  Resolved.  Received valid ID's
    Single Family XX 30.000% 30.000% Investor Cash Out 749         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$35,372.24     Alternative QC Complete 05/22/2026
406 XX  XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Appraisal incomplete (missing map, layout, pages, etc) - EV R
COMMENT:   Appraisal reflects subject occupancy as owner occupied; however, loan file indicates investment property refinance. Provide appraiser clarification and/or updated appraisal confirming subject occupancy status.  05/22/2026:  Resolved.  Received updated appraisal.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting an exception for seasoning on a cash out refinance. Added to title 1/21/26 (Per notes, borrower inherited property upon passing of father. Mother, who is still living, transferred the property to the borrower.)


A copy of an exception approval letter is available in the loan file.
LTV: 60.00% LTV is less than the guideline requirement of 75.00%.

DTI: 40.898% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 733 FICO exceeds the guideline requirement of 720.


Low Rise Condo  (1-4 Stories) XX 60.000% 60.000% Investor Cash Out 733   XX 9.33 $16,413.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$241,558.71 40.899%   Full Documentation QC Complete 06/08/2026
407 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
05/15/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit
    2 Family XX 75.000% 75.000% Investor Cash Out 732         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$63,322.85     Alternative QC Complete 05/12/2026
407 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 64.000% 73.961% Primary Cash Out 775 13.08     $8,963.58 Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
$202,579.39 48.941%   Full Documentation QC Complete 05/11/2026
410 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/21/2026
411 XX  XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting SLE for FTHB with no housing history


Exception approval present
784 exceeds the minimum guideline requirement of 700

 LTV of 70.51% is less than the maximum guideline requirement of 85%.

DTI of 31.77% is less than the maximum guideline requirement of 50%.

Single Family XX 70.509% 70.509% Primary Purchase 784   XX 3.08 $12,553.71 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.772% Yes Alternative QC Complete 05/13/2026
412 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing credit report - EV R
COMMENT:   Provide a copy of credit report for the borrower (XX) as it is missing.

05/28/2026:  Resolved.  Received copy of credit report.
    Single Family XX 75.000% 75.000% Investor Purchase 755         Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
    No DSCR QC Complete 05/22/2026
413 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Commitment is less than the loan amount. The document reflects coverage in the amount of $XX, however, the Note reflects a loan amount of $XX

05/14/2026: Resolved. Received updated title.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The first page of the LoanScorecard Findings is missing. Provide a complete copy including all pages.
5/13/2026:  Resolved.  Received Loanscore card.
    3 Family XX 75.000% 75.000% Investor Cash Out 767         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$59,882.06     Alternative QC Complete 05/08/2026
415 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 813   XX 8.41 $36,110.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.093% Yes Alternative QC Complete 05/22/2026
417 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 7.967% Allowed 7.480% Overby +0.487%

This loan is compliant with regulation 1026.35.

*** (CURED) Missing Required Disclosures - EV R
COMMENT:   Provide full month bank statement for the month Jan-2025, as the file currently contains only one page, with all other pages missing.

04/20/2026 Resolved : The copy of full month bank statement for Jan resolves the condition.
    Single Family XX 80.000% 80.000% Primary Cash Out 708 6 XX 4.33 $26,647.12 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$37,885.23 24.481%   Alternative QC Complete 04/09/2026
418 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.

05/05/2026:  Resolved.  Received updated title.
    Single Family XX 65.077% 65.077% Primary Cash Out 690 30     $4,074.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$132,114.28 38.598%   Alternative QC Complete 04/29/2026
419 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Hazard insurance dwelling coverage of $XX is does not cover the loan amount $XX. Provide a copy of the replacement cost estimator or update the hazard insurance policy to cover the loan amount.

05/01/2026:  Countered.  Increased coverage or a replacement cost estimator is still needed with a H03 policy.
05/11/2026:  Countered.  Coverage amount has been cleared but please confirm what is included in other perils.
05/12/2026:  Resolved.  Received Fannie Mae updates for HOI.
    Single Family XX 80.000% 80.000% Primary Purchase 744       $17,772.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.733% No Full Documentation QC Complete 04/24/2026
421 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 72.656% 72.656% Investor Refinance 762   XX 29.16 $89,207.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.018%   Alternative QC Complete 03/27/2026
422 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Refinance 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/22/2026
423 XX  XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) ComplianceEase TILA Test Failed - EV R
COMMENT:   The Final CD shows a funding date of 03/02/XX - which is prior to the conclusion of borrower(s) 3 day rescission period. Lender to provide confirmation of accurate funding/disbursement date.

Not Resolved 03/XX/2026: Final CD disbursement date 03/XX/2026 and received ROR document Cancel date also 03/XX/2026, Need correct disbursement date.

Resolved 03/19/2026: Received disbursement date 03/XX/2026 and exception is cleared.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower Fico score of 737 does not meet the minimum guideline requirement of 740.

03/30/2026:  Waived:  Compensating Factors:  LTV: 79.73% FICO: 737, DTI: 36.64, Reserves: $201,000.00

*** (WAIVED) Required Documentation Missing - EV W
COMMENT:   LTV of 80% does not meet the guideline requirement of minimum LTV of 75%. Full exception approval is required. The exception approval email is incomplete and is missing comp factors.

03/18/2026:  Waived  Comp factors provided.  Minimum FICO:  754 (current score:  737.  Maximum DTI:  35% (current DTI:  26.64%), Maximum LTV: 80% (current LTV: 79.734%), Minimum Reserves:  $250,000 (current reserves:  $201,000)
DTI: 26.58% DTI is less than the maximum guideline requirement of 45.00%.

Reserves: The 18 months of available reserves are more than the guideline requirement of 9 months

737 exceeds the minimum guideline requirement of 680.

DTI of 26.58% is less than the maximum guideline requirement of 50%.
Single Family XX 79.520% 79.520% Primary Refinance 737 1.16 XX 7.66 $90,771.55 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.581%   Alternative QC Complete 03/12/2026
425 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Cash Out 757         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$13,103.50     Alternative QC Complete 05/18/2026
426 XX  XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Missing tax transcript for the year 2023. Full exception approval is required. The exception approval email is incomplete and is missing detail comp factors.
04/01/2026:  Waived  Received comp factors: Reduction of P&I payment from $11340 to $7,095.  Reserves of $324,000.00 vs $30,000 required.  LTV:  56.843.  DTI: 27.610
70.64 months reserves exceed the minimum guideline of 6 months.

LTV of 56.84% is less than the maximum guideline requirement of 75%

DTI of 27.61% is less than the maximum guideline requirement of 50%.

PUD XX 56.842% 56.842% Primary Refinance 708 1.75 XX 10.17 $36,580.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.406%   Full Documentation QC Complete 03/26/2026
427 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 74.426% 74.426% Investor Refinance 783         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/08/2026
429 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 90.000% 90.000% Primary Purchase 734   XX 2.08 $15,493.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.906% Yes Alternative QC Complete 05/22/2026
430 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 65.000% 65.000% Investor Purchase 802         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/26/2026
431 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 765         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
433 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 49.020% 49.020% Investor Cash Out 784         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$2,367.40     Alternative QC Complete 05/12/2026
434 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 67.200% 67.200% Primary Refinance 761 1 XX 3.16 $145,133.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  8.414%   Alternative QC Complete 05/22/2026
435 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide documentation confirming that the $XX lien with XX has been released.

03/31/2026: Countered.  Title states to be removed at time of final settlement based on lienholder recording mortgage satisfaction and will not be reflected on final loan policy.  However this lien was not reflected as being paid on the final CD signed at closing.  Additional proof that lien has been paid and will be released will be needed.

04/06/2026:  Resolved.  Received Certificate and affidavit of satisfaction.
    Single Family XX 58.919% 58.919% Investor Cash Out 761         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$56,582.79     Alternative QC Complete 03/24/2026
436 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 05/19/2026: Received Initial Closing Disclosure dated 04/XX/2026 and exception is cleared.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated title report reflecting the subject property address, XX, as is it missing.
05/19/2026:  Resolved received updated title.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan exception comments : 704 FICO vs 720 FICO required for 90% LTV

Guidelines, for primary residence purchase loans, the minimum allowed FICO is 720 with an LTV/CLTV of 90%. The borrower’s credit FICO is 704, and the LTV/CLTV is 90%, which does not meets the guideline requirements.
704 exceeds the minimum guideline requirement of 720

DTI of 36.97% is less than the maximum guideline requirement of 50%.

LTV of 90% is greater than the maximum guideline requirement of 90%.


Single Family XX 90.000% 90.000% Primary Purchase 704   XX 11.17 $52,379.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.970% No Alternative QC Complete 05/14/2026
437 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 76.382% 76.382% Investor Cash Out 770   XX 16.25 $64,840.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$2,000.00 30.295%   Alternative QC Complete 03/30/2026
438 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 60.000% 60.000% Primary Purchase 680   XX 8.33 $16,680.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.337% No Alternative QC Complete 05/22/2026
439 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 40.000% 40.000% Primary Refinance 804 1 XX 12.83 $3,910.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.991%   Alternative QC Complete 05/27/2026
441 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 23.276% 23.276% Primary Cash Out 680 0.66 XX 25.33 $14,577.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$119,826.54 48.658%   Alternative QC Complete 05/22/2026
442 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 78.750% 78.750% Primary Refinance 712 2 XX 1.58 $58,865.74 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.912%   Alternative QC Complete 05/07/2026
443 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 80.000% 80.000% Investor Purchase 741         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/22/2026
444 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   ( 12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.646% Allowed 7.760% Oevrby +0.886%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 773   XX 7.25 $12,388.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.681% Yes Alternative QC Complete 05/27/2026
446 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 774   XX 30.83 $8,639.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.975% No Full Documentation QC Complete 05/11/2026
447 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XXdoes not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount with ISAOS Clause.
04/23/2026:  Resolved.  Received updated title.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FTHB living rent free for more than 5 years with no history of housing payment


Exception approval present
754 exceeds the minimum guideline requirement of 700

DTI of 41.89% is less than the maximum guideline requirement of 50%.


LTV of 68% is less than the maximum guideline requirement of 85%.
Single Family XX 68.000% 68.000% Primary Purchase 754   XX 3.16 $8,749.27 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.886% Yes Alternative QC Complete 04/16/2026
449 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Refinance 782   XX 5.33 $340,537.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.592%   Alternative QC Complete 05/27/2026
450 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Refinance 782   XX 5.33 $340,537.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.197%   Alternative QC Complete 05/27/2026
455 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 80.000% 80.000% Investor Purchase 756         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/08/2026
458 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Secondary Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/27/2026
461 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing Required Disclosures - EV R
COMMENT:   Business formation document (active status) missing for both businesses "XX".
04/03/2026:  Resolved.  Received Entity good standing document.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of HOA document for Property address "XX"

03/31/2026:  Resolved.  Received proof of no HOA
    Single Family XX 69.710% 69.710% Primary Refinance 773 1.58 XX 4.83 $32,887.14 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.769%   Alternative QC Complete 03/25/2026
463 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The coverage amount of $XX on the title report is less than the mortgage loan amount of $XX. Provide a copy of the Title Supplement reflecting coverage for the full loan amount.

03/25/2026:  Resolved:  Received updated title.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of updated Lease agreement for the property address : XX.

03/31/2026:  Countered.  The letter provided is not an updated lease signed by the tenant and landlord.  It is a letter of Attornment.  An updated lease signed by the tenant and landlord will be needed.

04/03/2026:  Resolved.  Received Attornment and copy of lease.
    2 Family XX 79.000% 79.000% Investor Cash Out 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$679.25     Alternative QC Complete 03/13/2026
465 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing Business Purpose Affidavit.
04/22/2026:  Resolved.  Received Business Purpose and Occupancy Affidavit.
    Single Family XX 80.000% 80.000% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
469 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Cash Out 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$27,692.49     Alternative QC Complete 05/08/2026
474 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the VOM for the property located at XX to verify the payment history.
04/01/2026:  Countered.  A VOM or credit supplement is needed.  The document provided was just a mortgage statement.
04/06/2026:  Countered.  The borrowers are owners of the company the XX.  A VOM is needed.
04/14/2026:  resolved.  The Drive report doesn't show anything for XX being in the borrower's personal name. nor does the MERS Report.  the billing statement provided shows in the business name
    Single Family XX 70.946% 70.946% Investor Cash Out 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$80,323.18     Alternative QC Complete 03/25/2026
475 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 733         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
477 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 783   XX 4.16 $10,837.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.895% No Alternative QC Complete 04/10/2026
478 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 61.905% 61.905% Primary Refinance 737 2 XX 5.83 $15,074.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.036%   Alternative QC Complete 05/08/2026
480 XX  XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   719 vs 720 FICO needed

Exception approval present
719  exceeds the minimum guideline requirement of 700

LTV of 74.29 % is less than the maximum guideline requirement of 85%.

 6 months reserves exceed the minimum guideline of 3 months.

PUD XX 74.286% 74.286% Investor Purchase 719         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/08/2026
481 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 65.000% 65.000% Investor Cash Out 730         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$97,656.73     Alternative QC Complete 05/08/2026
482 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 42.553% 42.553% Primary Cash Out 723 3.25 XX 3.5 $10,245.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$37,738.90 49.373%   Alternative QC Complete 05/12/2026
484 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Commitment is less than the loan amount. The document reflects coverage in the amount of $XX, however, the Note reflects a loan amount of $XX.
05/14/2026:  Resolved.  Received updated title.

*** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 05/13/2026: Received Initial Closing Disclosure dated 04/08/2026 and exception is cleared.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
05/13/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit.
    2 Family XX 75.000% 75.000% Investor Cash Out 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$160,621.69     Alternative QC Complete 05/08/2026
486 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Primary Purchase 787   XX 3.83 $15,248.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.179% No Alternative QC Complete 05/08/2026
487 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Primary Purchase 736   XX 2.92 $70,818.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.853% No Alternative QC Complete 05/15/2026
488 XX  XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower does not meet two years self employment with 25% ownership interest in a business.


A copy of an exception approval letter is available in the loan file.
LTV: 55.00% LTV is less than the guideline requirement of 80.00%.

FICO: 740 FICO exceeds the guideline requirement of 700.

DTI: 4.34% DTI is less than the maximum guideline requirement of 50.00%.
Single Family XX 55.000% 55.000% Primary Cash Out 740 13.08 XX 19.08 $52,321.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$62,323.70 4.335%   Alternative QC Complete 06/08/2026
489 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Loan scorecard 1st page is missing, provide a copy of updated loan scorecard.
05/14/2026:  Resolved.  Received Loanscore card.
    Single Family XX 80.000% 80.000% Primary Refinance 740 11.58 XX 13.25 $18,333.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.399%   Alternative QC Complete 05/08/2026
492 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated Deed of Trust (DOT) resolve the trust name discrepancy, as the Note and Trust documents the Trustee name reflecting 'XX' and Deed of Trust (DOT) document reflecting 'XX, there is a mismatch in the middle name.
05/15/2026;  Resolved.  Received corrected DOT
    High Rise Condo (>=9 Stories) XX 75.000% 75.000% Investor Purchase 784         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/29/2026
493 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide Supporting document for housing expense $60.76

05/20/2026:  Countered.  The signed CD shows the taxes at $267.90 per month for the taxes  which is the amount listed on the final 1008.  No proof of increased taxes were provided.  Will need supporting documentation for the increase in real estate taxes to cover the additional $60.76.

05/22/2026:  Received property tax certificate.
    PUD XX 80.000% 80.000% Primary Purchase 758   XX 6.42 $9,157.35 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.053% No Alternative QC Complete 05/08/2026
494 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Primary Purchase 744   XX 4.83 $28,709.30 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.704% Yes Alternative QC Complete 05/12/2026
496 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 728         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
498 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX

03/27/2026:  Resolved.  Received updated title.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 7.999% Allowed 7.480% Overby +0.519%.

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of assets documents to cover the required reserves of $11,625.78

03/30/2026:  Countered.  Need an actual exception form completed with compensating factors.
04/03/2026:  Resolved.  Guidelines state that Rate/Term refinance transactions do not require reserves if the loan amount is < $1.5M, it's a primary residence, the mortgage history is 0x30x12, te subject property hosuing payment is decreasing, and borrower does not have a prior bankruptcy, foreclosure, shortsale, DIL, preforeclosure, or ortgage charge-off.
    Single Family XX 84.361% 84.361% Primary Refinance 706 1.33 XX 9.16 $18,395.63 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.523%   Alternative QC Complete 03/25/2026
499 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 44.444% 44.444% Primary Purchase 676   XX 51.83 $4,396.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.905% Yes Full Documentation QC Complete 05/13/2026
504 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
04/08/2026:  Resolved.  Received updated title.
    Single Family XX 64.286% 64.286% Primary Cash Out 751 2 XX 15.08 $53,856.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$218,389.74 31.212%   Alternative QC Complete 03/12/2026
506 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 763   XX 0.5 $36,433.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.416% No Full Documentation QC Complete 06/08/2026
507 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated Loan scorecard with 1st page as it is missing
04/01/2026:  Resolved.  Received Loanscore card

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide supporting document for the liabilities as it is missing.

XX

04/03/2026:  Resolved;  Received loe that states The XX statement shows that this is an open account and also a revolving account.  the open account is for $3,485.93 which is listed and we have enough assets to cover this balance.  The full payment that is due is $5,273.96 which is the open balance of $3,485.93 and the revolving payment of $1,788.03 which shows $1,789.00 in our system and being hit in ratios.  for the XX of a monthly payment of $155, this is showing on the credit report with a balance of $3,090 and we used 5% of balance to qualify.
    Single Family XX 58.438% 58.438% Primary Cash Out 742 0.75 XX 14.42 $21,710.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$124,846.32 47.438%   Alternative QC Complete 03/26/2026
509 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z

Higher-Priced Mortgage Loan Test: Charged 8.850% Allowed 7.480% Overby+1.370%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 723   XX 6.75 $12,724.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.474% No Alternative QC Complete 04/17/2026
512 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 70.313% 70.313% Investor Cash Out 732   XX 13.92 $102,163.30 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$272,705.79 15.899%   Alternative QC Complete 05/07/2026
513 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of LOX for the liability account TXX, excluded in DTI Calculation.

Resolved:  Received LOX stating the XX and XX credit cards were paid off and there are current credit card statements in the file reflecting zero balance.  The XX was a cargeoff.24 months.
    Single Family XX 30.600% 30.600% Primary Cash Out 673 23 XX 6.25 $4,829.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$13,191.17 44.664%   Alternative QC Complete 04/27/2026
515 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 65.000% 65.000% Investor Cash Out 770         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$136,638.04     Alternative QC Complete 04/02/2026
519 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Secondary Purchase 784   XX 4.08 $141,548.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.273% No Alternative QC Complete 05/12/2026
521 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The executed 1-4 Family Rider is missing; the copy in the file is not signed.
04/21/2026:  Resolved.  Received 1-4 rider
    Single Family XX 74.548% 74.548% Investor Cash Out 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$114,242.72     Alternative QC Complete 04/15/2026
522 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 74.375% 74.375% Investor Refinance 704   XX 4.91 $64,716.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.475%   Alternative QC Complete 05/13/2026
526 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 749 6.33 XX 12.25 $11,832.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$71,764.74 48.983%   Alternative QC Complete 05/14/2026
527 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of tax certificate or tax info for subject property to verify the monthly tax amount of $1,490.27 as it is missing.

03/25/2026:  Countered:  A copy of the actual tax certificate or tax information from the title company is needed to verify the tax amount of $1,490.27.

04/03/2026:  Resolved.  Received Used last years invoice, closing corp smart fees transaction detail and calculated taxes without giving them exemptions.
    PUD XX 80.000% 80.000% Primary Purchase 721   XX 5.58 $45,402.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.506% No Full Documentation QC Complete 03/12/2026
532 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
04/01/2026:  Resolved.  Received updated title.
    Single Family XX 59.880% 59.880% Primary Cash Out 731 3.08 XX 2.83 $344,111.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$193,063.21 1.215%   Alternative QC Complete 03/26/2026
533 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 36.699% 36.699% Secondary Cash Out 666       $9,237.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$37,567.13 47.377%   Alternative QC Complete 05/08/2026
537 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 730         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/08/2026
538 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 70.000% 70.000% Investor Purchase 756         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/08/2026
540 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of CDA as it is missing
04/21/2026:  Resolved.  No CDA required.  2 full appraisals were used.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of 1 month consecutive Bank statement  of XX which is missing
04/20/2026:  Resolved.  Received January 1-February 28, 2026 statement.
    Single Family XX 80.000% 80.000% Primary Purchase 780   XX 6.5 $14,925.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.488% Yes Full Documentation QC Complete 04/15/2026
541 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.

04/30/2026:  Resolved.  Received Business Purpose & Occupancy Affidavit.

*** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Rent comparable photos are missing from the loan package. Provide photos of all rent comparables listed in the appraisal.

05/11/2026:  Resolved.  Received rent comp photos
    Single Family XX 80.000% 80.000% Investor Purchase 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/28/2026
542 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 769   XX 8.08 $23,903.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.335% Yes Alternative QC Complete 04/02/2026
544 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the receipt or supporting documentation for payment of $1,235.00 for property #XX (e.g., property tax, hazard insurance, or HOA dues).

05/21/2026:  Resolved.  Received proof of HOA
    Single Family XX 60.000% 60.000% Primary Cash Out 666   XX 2.66 $29,099.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$654,542.18 40.677%   Alternative QC Complete 05/08/2026
547 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 721         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$92,398.95     Alternative QC Complete 05/13/2026
548 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 794         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.960% No Alternative QC Complete 05/12/2026
551 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/02/2026
552 XX  XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of proof document for Net rental income $3,900 for the subject property XX.

04/23/2026:  Resolved.  Received the following LOE form 1025 reflects market rents of $6,000 for unit 1 and $5,500 for unit 2.  UW utilized the lower -supported market rent of $5,5-- amd applied 75% rent factor, resulting in net qualifing rental income of $4,125 for the additional unit.  this is a 2-unit owner-occupied purchase; appraisal-supported market rent is permitted when no lease is in place, rental income is included in income, and PITIA is included as a liability for 2-4 unit OO propertied.  guideline support: section 8A.6(f)(v)-(vi), p. 112.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Using 90% of the XX business bank account vs Max 75% of lender guideline.

Exception Approval present.
04/23/2026:  countered.  Received a copy of appraisal.  What is needed is Using 90% of the XX business bank account vs Max 75% of lender guideline.

Exception Approval present.
808 exceeds the minimum guideline requirement of 720

19.759 months reserves exceed the minimum guideline of 3 months.

DTI of 48.74% is less than the maximum guideline requirement of 50%.
2 Family XX 68.944% 68.944% Primary Purchase 808   XX 9.75 $82,966.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.716% No Alternative QC Complete 04/13/2026
553 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 49.213% 49.213% Investor Cash Out 694         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$83,330.40     Alternative QC Complete 03/27/2026
555 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement report to cover the loan amount, The amount of title insurance $XX does not cover the loan amount $XX.
05/14/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide the business bank statements for XX account #XX for the period from 1/1/2026 to 1/31/2026, reflecting an ending balance of $20,820.07, to verify the assets.

05/13/2026:  Resolved.  Received statement dated 02/14/2026 with balance of $496,902.69
    Single Family XX 73.529% 73.529% Primary Purchase 712   XX 14.18 $21,645.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.389% No Alternative QC Complete 05/08/2026
556 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 64.190% 64.190% Primary Cash Out 697 24.5 XX 16 $22,643.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$113,735.55 19.027%   Alternative QC Complete 05/08/2026
560 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 73.833% 73.833% Investor Refinance 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/08/2026
562 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Title issue - EV R
COMMENT:   The title report reflects the title company name as XX, while the Closing Protection Letter and Final Closing Disclosure reflect the title company name as XX. Provide an explanation for the discrepancy in the title company name or an updated title report.

04/21/2026:  Resolved.  Received updated title
    Single Family XX 75.000% 75.000% Investor Refinance 728         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 03/13/2026
567 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 793   XX 2.25 $16,614.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.794% Yes Alternative QC Complete 05/11/2026
568 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 742 16.66       Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/11/2026
570 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   The borrower's government-issued ID expired on 01/XX/2023 prior to the closing XX 03/13/2026. Provide a valid, unexpired government ID.
04/01/2026:  Resolved.  Received valid ID
    Single Family XX 69.767% 69.767% Primary Cash Out 728 1.5 XX 6.58 $52,757.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$58,498.92 11.906%   Alternative QC Complete 03/26/2026
571 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.154% Allowed 7.800% Overby +0.354%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 742   XX 10.75 $16,728.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.364% No Alternative QC Complete 05/11/2026
575 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 780         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/08/2026
577 XX  XX   XX XX Not Covered/Exempt 4 2 2 1 1 No No       *** (WAIVED) Original LTV (OLTV) does not meet eligibility requirement(s) - EV W
COMMENT:   Original LTV is 80% exceeds the maximum guidelines LTV 75%.

4/7/2026 Waived.  Received comp factors.  38% DTI compared to guideline max of 50%. 778 FICO compared to guideline minimum of 720.  $101,000 in excess reserves over guideline requirement.
38% DTI compared to guideline max of 50%.
778 FICO compared to guideline minimum of 720. 
$101,000 in excess reserves over guideline requirement. 
Single Family XX 80.000% 80.000% Investor Cash Out 778   XX 7.16 $155,311.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$178,135.90 38.383%   Alternative QC Complete 03/26/2026
578 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 710 0.5 XX 6.58 $36,065.63 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$108,219.00 32.207%   Alternative QC Complete 05/11/2026
583 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Primary Refinance 730 0.83 XX 3.92 $15,305.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.573%   Alternative QC Complete 05/13/2026
588 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Secondary Purchase 782   XX 3.75 $29,361.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.247% No Alternative QC Complete 06/08/2026
590 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title supplement with sufficient insurance to cover the loan amount.
04/08/2026:  Resolved.  Received updated title.
    Low Rise Condo  (1-4 Stories) XX 61.631% 61.631% Primary Refinance 756 2.58 XX 2.16 $14,698.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.603%   Alternative QC Complete 06/08/2026
592 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 38.923% 38.923% Primary Refinance 788 11.08 XX 6.33 $211,009.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.537%   Alternative QC Complete 05/11/2026
593 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 74.074% 74.074% Primary Purchase 781   XX 0.08 $11,666.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.829% No Full Documentation QC Complete 05/12/2026
595 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 64.555% 64.555% Investor Cash Out 738         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$311,779.32     Alternative QC Complete 05/08/2026
597 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 04/20/2026: Received Initial Closing Disclosure dated 03/23/2026 and exception is cleared.
    Single Family XX 80.000% 80.000% Primary Purchase 791         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/16/2026
598 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) The Appraisal License is Missing - EV R
COMMENT:   Provide a copy of updated appraisal license, as it is missing.

04/20/2026;  Resolved.  Received appraisers license.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of revised Mortgage/Deed of Trust with Correct vesting (ownership). Note reflects 2 borrower (XX
04/28/2026:  Resolved.  received LOE stating that the co-borrower in not in vesting because the property is not their primary residence.  They are not required to be in vesting.
    2 Family XX 80.000% 80.000% Primary Purchase 775   XX 2 $25,044.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.490% Yes Alternative QC Complete 04/15/2026
601 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 720         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/05/2026
602 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
603 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 78.947% 78.947% Primary Purchase 767   XX 9.83 $67,804.74 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.940% Yes Alternative QC Complete 05/14/2026
605 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 747         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
608 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Mortgage history for primary residence less than 12 months - EV R
COMMENT:   Provide documentation confirming that XX is owned free and clear, along with the purchase date to verify seasoning. Current VOR covers only 3 months and is insufficient. Insurance lists XX as mortgagee—confirm the loan is paid in full and provide a VOM showing the account as closed.

05/05/2026:  Resolved:  Property is n ot owned free and clear.  XX is still open and referenced on credit report with reporting through 01/26 that was opened 4/25/2023.  Credit supplement is in file to support account still open and has a $0 balance with no payment as of 03/25/2026.  VOR is in file to support rental payment history from when brw started renting through current.
    Low Rise Condo  (1-4 Stories) XX 50.024% 50.024% Secondary Purchase 793 0.25 XX 0.3 $24,583.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.782% No Full Documentation QC Complete 06/08/2026
609 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 750         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/15/2026
611 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title Supplemental Report to cover the loan amount $XX
04/21/2026:  Resolved.  Updated title provided.
    Single Family XX 69.716% 69.716% Primary Purchase 774         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 04/15/2026
612 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 48.780% 48.780% Investor Cash Out 742   XX 3.75 $6,525.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$195,085.92 31.628%   Full Documentation QC Complete 11/13/2025
613 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) LOE - EV R
COMMENT:   Provide a copy of the LOE for the REO located at XXfor no HOA due.
Resolved:  04/20/2026.  received evidence of no HOA
    Single Family XX 75.000% 75.000% Investor Purchase 704   XX 9 $237,995.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  4.128% No Alternative QC Complete 06/08/2026
617 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 52.273% 52.273% Investor Cash Out 689         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$50,278.98     Alternative QC Complete 05/08/2026
621 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 68.571% 68.571% Investor Purchase 716         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/18/2026
622 XX  XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   XX 1 year 1099 product - borrower files 1120S

Exception approval present.
Credit score: Borrower FICO 785 is greater than minimum guideline FICO 720.

DTI: Subject DTI 42% is less than guideline maximum DTI 50%.

Reserves: Borrower has surplus reserves of $34,407.82.
Single Family XX 80.000% 80.000% Investor Purchase 785     8.91 $14,115.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.713% No Alternative QC Complete 05/11/2026
624 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The first page of the loan scorecard is missing. Provide a copy of the updated loan scorecard.
05/15/2026:  Resolved.  Received copy of LoanScorecard.
    PUD XX 80.000% 80.000% Primary Cash Out 762 2.18 XX 9.25 $39,523.59 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$74,260.88 42.037%   Alternative QC Complete 05/12/2026
625 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy updated Title Report to cover the loan amount $XX
05/14/2026:  Resolved.  Received updated title.
    3 Family XX 75.000% 75.000% Investor Cash Out 767         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$60,442.44     Alternative QC Complete 05/08/2026
630 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 722         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 05/12/2026
631 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.590% Allowed 7.620% Overby +0.970%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a supporting document for the gift amount $3,900

05/085/2026:  Resolved.  Received a LOX stating per the underwriter this gift was an input error for the down payment.  No gift funds were uses.
    Single Family XX 80.000% 80.000% Primary Purchase 652   XX 7.25 $11,817.12 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.202% Yes Alternative QC Complete 04/28/2026
632 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 755   XX 5.25 $21,784.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.599% Yes Alternative QC Complete 05/12/2026
636 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 727         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 05/12/2026
637 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 73.333% 73.333% Primary Purchase 795   XX 38.16 $26,831.92 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.953% No Alternative QC Complete 03/25/2026
638 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Intent to Proceed Missing  - EV R
COMMENT:   Missing Intent to Proceed.

Resolved 05/18/2026: Received Intent to proceed document dated 04/01/2026 and exception is cleared.
    2 Family XX 85.000% 85.000% Primary Purchase 773   XX 4.33 $21,688.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.906% No Alternative QC Complete 05/13/2026
642 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 29.841% 29.841% Primary Refinance 776 2 XX 20.25 $7,767.92 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.194%   Alternative QC Complete 05/14/2026
643 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 70.000% 70.000% Investor Cash Out 793         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$470,662.83     Alternative QC Complete 05/15/2026
645 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Supplemental report of title. Amount of title insurance is not sufficient to cover the loan amount.
05/07/2026:  Resolved.  Received updated title.
    2 Family XX 51.763% 51.763% Primary Refinance 736 2 XX 7.66 $16,095.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.845%   Alternative QC Complete 04/30/2026
647 XX  XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Coverage amount $XX on the title report is less than the loan amount of $XX. Provide a copy of updated title supplement to cover the loan amount.

05/19/2026:  Resolved received updated title.
    Single Family XX 73.482% 73.482% Primary Cash Out 711 3.66 XX 1.25 $40,490.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$32.88 10.866%   Alternative QC Complete 04/28/2026
648 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Guidelines require a minimum of three tradelines with at least 12 months of payment history. The credit report reflects only two tradelines reporting for 12 months, which does not meet guideline requirements.
05/19/2026:  Resolved.  Guidelines state •
Two (2) open tradelines are acceptable if both tradelines are:
o
Open for the most recent twenty-four (24) months prior to the application date, and
o
Both tradelines have activity in the past twelve (12) months from the application date.
    Single Family XX 80.000% 80.000% Primary Cash Out 794 1 XX 24.25 $5,333.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$46,592.83 35.515%   Alternative QC Complete 05/11/2026
649 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 697   XX 2.5 $38,769.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.828% No Alternative QC Complete 05/13/2026
656 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 764         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$19,564.92     Alternative QC Complete 05/11/2026
657 XX  XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 40.323% 40.323% Primary Cash Out 682 9 XX 19.25 $10,584.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$74,038.12 44.043%   Alternative QC Complete 04/20/2026
660 XX  XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Coverage amount $XX on the title report is less than the mortgage loan amount of $XX. Provide a copy of Title supplement to cover the loan amount.

03/30/2026:  Resolved.  Received updated title
    PUD XX 75.000% 75.000% Investor Refinance 742         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 03/24/2026
666 XX  XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 69.032% 69.032% Investor Cash Out 669         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$603.08     Alternative QC Complete 03/31/2026
668 XX  XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.


Higher-Priced Mortgage Loan Test:Charged 8.489% Allowed 7.620% Overby +0.869%

This loan is compliant with regulation 1026.35.
    Single Family XX 44.776% 44.776% Primary Purchase 653   XX 7.08 $15,491.03 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.707% No Alternative QC Complete 05/13/2026
669 XX  XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   TRID violation due to Appraisal fee increase on Final CD dated 04/XX/2026. Initial LE dated 04/XX/2026 reflects Appraisal fee as $525.00 however, revised LE dated 04/16/2026 reflects the Appraisal fee as $675.00. Require PCCD/COC to cure the tolerance violation of $150.00.

Resolved 05/18/2026: Received COC dated 04/XX/2026 and exception is cleared.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.

Higher-Priced Mortgage Loan Test: Charged 8.167% Allowed 7.930% Overby +0.237%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Proceeding with a borrower who is living rent free for more than 12 months from the application date.


Exception Approval Present.
Low DTI : DTI of 35.70% is less than the maximum guideline requirement of 50%.

LTV of 85% is Satisfy the maximum guideline requirement of 85%.

Reserve : 13.841 months reserves exceed the minimum guideline of 3 months.
Low Rise Condo  (1-4 Stories) XX 85.000% 85.000% Primary Purchase 705   XX 1 $14,166.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:Credit Report
  35.260% Yes Full Documentation QC Complete 05/13/2026