Exhibit 99.3 Schedule 3
| Conditions Report 2.0 | ||||||||||||||||||||||||||||||||||||||
| Loans in Report: | 68 | |||||||||||||||||||||||||||||||||||||
| Loans with Conditions: | 34 | |||||||||||||||||||||||||||||||||||||
| Marketing ID | Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | ConditionSub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors | Full Diligence ID |
| 1 | XX | XX | WA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | XX Loan is eligible for an appraisal waiver LP #XX. | (No Data) | Condition satisfied. Received AVM supporting PIW value of $XX with no variance. | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: 30 yrs time at current residence. |
XX |
| 1 | XX | XX | WA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | B | A | B | A | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Fired PIW used hence system PIW date 07.XX.25 not recognize FEMA event date 04.X.24. | 11/4 Client provided a 10/15/25 Post disaster inspection showing no damage | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: 30 yrs time at current residence. |
XX |
| 2 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit Score 816. Minimum required 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Closing Assets $96,056.87 or 37.55 months PITI reserves. Required reserves $19,033.80 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60%. Max 85%. |
XX | |||||||||||||||
| 3 | XX | XX | NV | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 53% is below guideline requirement of 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 761 exceeds guideline requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Required Reserves are $28,992.57. Verified post close assets in the amount of $62,082.50. |
XX | |||||||||||||||
| 4 | XX | XX | NJ | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | Compliance | RESPA | Satisfied | B | A | B | A | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing | No | Missing Affiliate Business Disclosure. | 10/22/25 Client provided a signed LOE from Lender stating there are no affiliates for this loan. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS2854: Significant time
in profession - Clayton Comments: 12 years time in profession. |
XX |
| 5 | XX | XX | ID | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation. No UCDP was found. | 1.28.2026 Client provided 3rd party CDA valuation supporting appraised value with -7.5% variance (within 10% tolerance) | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 765 > is above guideline minimum credit score 620. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 6 years. |
XX |
| 6 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 75% is below guideline requirement of 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds guideline requirement of 620. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 36.63% is below guideline requirement of 45%. |
XX | |||||||||||||||
| 7 | XX | XX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV 55.12%. Max 75% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score 686. Minimum required 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Closing assets $24,002.39 or 11.82 months PITI reserves. Required reserves $20,084.06 |
XX | |||||||||||||||
| 8 | XX | XX | AZ | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller-paid fees were disclosed on the CD | No | Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This Condition is informational per Clayton Compliance department and TRID 2.0 revisions. Condition satisfied. Final Grade A. | (No Data) | satisfied | Numeric | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 816 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 39.06% is 50.94 points below the program guideline maximum 90%. |
XX |
| 8 | XX | XX | AZ | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | Loan is PIW approved, AUS LPA Streamlined Accept. | (No Data) | Condition satisfied with receipt of AVM supporting PIW value with no variance. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 816 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 39.06% is 50.94 points below the program guideline maximum 90%. |
XX |
| 8 | XX | XX | AZ | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | B | A | B | A | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Loan Approved by AUS as an Appraisal Waiver (PIW); FEMA Declaration date 11/XX/14 and AUS approval 8/XX/25. | 10/26 Client provided a post disaster inspection dated 10/16 showing no damage since FEMA event | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 816 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 39.06% is 50.94 points below the program guideline maximum 90%. |
XX |
| 9 | XX | XX | MI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | AUS Approved PIW. AVM FSD score greater than approved FSD of 15 | 11/11 Client provided a BPO supporting the appraised value | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: The borrowers have resided at current residence for 7 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 19 years and 5 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 798 exceeds the guideline program minimum of 620. |
XX |
| 9 | XX | XX | MI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | Max approved FSD 15, subject FSD 19 | 11/11 Client provided a BPO supporting the appraised value | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: The borrowers have resided at current residence for 7 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 19 years and 5 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 798 exceeds the guideline program minimum of 620. |
XX |
| 9 | XX | XX | MI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Loan Approved by AUS as an Appraisal Waiver (PIW); FEMA Declaration date 07/XX/2020 and AUS approval 08/XX/2025 | 10/26 Client provided a post disaster inspection dated 10/17 showing no damage since FEMA event | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: The borrowers have resided at current residence for 7 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 19 years and 5 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 798 exceeds the guideline program minimum of 620. |
XX |
| 10 | XX | XX | MA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below
guideline requirement - Clayton Comments: DTI 27.56%; guidelines allow 45%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower at employer for over 30 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60%; guidelines allow 85%. |
XX | |||||||||||||||
| 11 | XX | XX | SC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller-paid fees were disclosed on the CD | No | Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This Condition is informational per Clayton Compliance department and TRID 2.0 revisions. Condition satisfied. Final Grade A. | (No Data) | (No Data) | Numeric | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 761 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 60% is 30 points below the program guideline maximum 90%. |
XX |
| 11 | XX | XX | SC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | LP AUS approved PIW. | (No Data) | Condition satisfied with receipt of AVM supporting PIW value with 10%. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 761 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 60% is 30 points below the program guideline maximum 90%. |
XX |
| 11 | XX | XX | SC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Loan approved with LP AUS PIW - No inspection since FEMA declaration date 9/XX/2024 for hurricane XX. | 10/26 Client provided a post disaster inspection dated 10/16 showing no damage since FEMA event | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 761 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 60% is 30 points below the program guideline maximum 90%. |
XX |
| 13 | XX | XX | WI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller-paid fees were disclosed on the CD | No | The Seller Fees on the Final CD do not match the Seller Fees from the Seller CD. | (No Data) | Condition Satisfied. All Seller fees have been sourced from the Seller CD . | Numeric | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV: 75% is 15 points below the program guideline maximum 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 754 > is above guideline minimum credit score 620. |
XX |
| 13 | XX | XX | WI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | LCA score is: N/A. Missing 3rd party valuation | (No Data) | Client provided AVM - 1/21/2026 | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV: 75% is 15 points below the program guideline maximum 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 754 > is above guideline minimum credit score 620. |
XX |
| 13 | XX | XX | WI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | FSD Score = 23.73 - out of tolerance | 2.11.2026 Client provided Drive By BPO by XX dated 2.XX.2026 with value of $XX which exceeds appraised value of $XX; value supported | Condition satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV: 75% is 15 points below the program guideline maximum 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 754 > is above guideline minimum credit score 620. |
XX |
| 13 | XX | XX | WI | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | B | A | A | D | B | A | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | AVM failed to support the property value | 2.11.2026 Client provided Drive By BPO by XX dated 2.XX.2026 with value of $XX which exceeds appraised value of $XX; value supported | Condition satisfied | Not Applicable | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV: 75% is 15 points below the program guideline maximum 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 754 > is above guideline minimum credit score 620. |
XX |
| 14 | XX | XX | CO | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | Loan is LP- Streamlined Accept- PIW approved. | AVM value supported | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 762 > is above guideline minimum credit score 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $103,639.68 or 24.61 months of PITI(A).AUS reserves requirement of $9,530.66. |
XX |
| 14 | XX | XX | CO | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing 3rd party to support value used to approve. | (No Data) | Client provided AVM - 1/21/2026 | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 762 > is above guideline minimum credit score 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $103,639.68 or 24.61 months of PITI(A).AUS reserves requirement of $9,530.66. |
XX |
| 14 | XX | XX | CO | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | FEMA | Satisfied | B | A | B | A | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | FEMA Declaration for Wildfires 1/XX/21 and Loan is a PIW approval. | 1.29.2026 Client provided FEMA Post Disaster inspection dated 1.27.2026 with no damage along with exterior photos | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 762 > is above guideline minimum credit score 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $103,639.68 or 24.61 months of PITI(A).AUS reserves requirement of $9,530.66. |
XX |
| 15 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV: 38.34% is 46.66 points below the program guideline maximum 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 767 > is above guideline minimum credit score 620. |
XX | |||||||||||||||
| 16 | XX | XX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 787 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 70% is 15 points below the program guideline maximum 85%. |
XX | |||||||||||||||
| 17 | XX | XX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 815 > is above guideline minimum credit score 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 75% is 10 points below the program guideline maximum 85%. |
XX | |||||||||||||||
| 18 | XX | XX | TX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing 3rd party valuation since LCA score greater than 2.5. | (No Data) | Client provided AVM - 1/21/2026 | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV 80% is less than max of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.05 is less than 45. |
XX |
| 19 | XX | XX | ID | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing 3rd party valuation | 1.28.2026 Client provided 3rd party CDA valuation supporting appraised value with 0.0% variance | Condition satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has been at current job for over 30 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 804 credit score exceeds the 620 minimum guideline requirements by 184 points. |
XX |
| 20 | XX | XX | FL | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Copy of Business purpose affidavit in file not signed. | 01/30/2026 Client provided a collaborate comment: This is an Investment Property but not a Business Purpose loan, therefore Business Purpose Disclosure is not required. Resulting in TRID testing for personal purpose. | Satisfied. See condition XX. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $83,256.22 or 25.99 months of PITIA. AUS Reserves Required $38,439.60. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 681 > is above guideline minimum credit score 620. |
XX |
| 20 | XX | XX | FL | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | RESPA | Waived | B | B | B | B | CMPRESPA2700 | RESPA - List of homeowners counseling organizations not provided w/in 3 days of application | No | List of homeowners counseling organizations dated 5/XX/25 | 02/18/2026 Client provided an approved exception request for List of homeowners counseling organizations not provided w/in 3 days of application | Initial and Final Grade B. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $83,256.22 or 25.99 months of PITIA. AUS Reserves Required $38,439.60. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 681 > is above guideline minimum credit score 620. |
XX |
| 20 | XX | XX | FL | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | RESPA | Waived | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing | No | Affiliate Business Disclosure missing | 02/18/2026 Client provided an approved exception request for Required Affiliate Business Disclosure missing. | Initial and Final Grade B. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $83,256.22 or 25.99 months of PITIA. AUS Reserves Required $38,439.60. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 681 > is above guideline minimum credit score 620. |
XX |
| 20 | XX | XX | FL | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3552 | TRID - Loan Estimate not timely | No | the App Date is 5/XX/25 however the first LE in file was issued 5/XX/25 | 02/13/2026 Client provided a GFE dated 5/23. Condition remains. Provide the LE dated within 3 days of application date 5/21.02/17/2026 Client provided a Collaborate comment: Please revisit for clearance: Ops advised, at time of uploading the COC and GFE on 2/12, the following: The GFE (attached) was issued on 5/23/2025, which was within three days of 5/21/205. On 5/29/2025, they did a COC to change the loan terms and issued the COC on a Loan Estimate. Condition remains for clarification/documentation on why a GFE was used in lieu of a Loan Estimate on 5/23 as COC 5/29 does not provide details of why a GFE was provided then changed to LE, for review. Additional Conditions may apply. 02/25/2026 Client provided a collaborate comment: Document uploaded tor review. Response from OPS Team - The GFE (attached) was issued on 5/23/2025, which was within three days of 5/21/205. On 5/29/2025, they did a COC to change the loan terms and issued the COC on a Loan Estimate and a copy of the 5/23 GFE from file. Also provided the 5/29 COC reflecting fee changes, and change in loan terms per Borrower request. It does not show what it charged from and to. Condition remains. Provide documentation reflecting the original program & terms that required a GFE, for review. Additional conditions may apply. 03/06/2026 Client provided an updated COC 5/29 reflecting reflecting change from business purpose non qm loan to consumer purpose conventional loan with a cover letter email reflecting Program: Inv Adv to FNMA. GFE/TIL Disclosure package from 5/23 & the redisclosed conventional disclosure package on 5/29. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $83,256.22 or 25.99 months of PITIA. AUS Reserves Required $38,439.60. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 681 > is above guideline minimum credit score 620. |
XX |
| 20 | XX | XX | CA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | FSD Score = 16.73 - outside of tolerance | 1.29.2026 Client provided 3rd party CDA valuation supporting appraised value with 0.0% variance | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO of 761 is 141 points above program guideline minimum of 620. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 0x30 for 60+ months CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence; 6 years and 3 months CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job; 10 years and 7 months CFCFS1737: LTV below guideline requirements - Clayton Comments: 53.75% LTV below guideline requirements of 75.00% per program. |
XX |
| 21 | XX | XX | NC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | FSD Score = 16.31 - outside of tolerance | 1.29.2026 Client provided 3rd party CDA valuation supporting appraised value with 0.0% variance | Condition satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: 17.42% LTV below guideline requirements of 75.00% per program. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 745 is 125 points above program guideline minimum of 620. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence; 26 years and 5 months |
XX |
| 22 | XX | XX | TX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation, LCA score of 3.5 not within guidelines. | (No Data) | Client provided AVM - 1/21/2026 | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: CLTV is 58.44% max per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower FICO score is 729 max per guidelines is 620. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been in current residence for 7 years. |
XX |
| 23 | XX | XX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1735: Co-Borrower has
significant time at current job - Clayton Comments: Co-Borrower at current job for 28 years. CFCFS1736: Significant time at current residence - Clayton Comments: 15 years at current residence. |
XX | |||||||||||||||
| 24 | XX | XX | MD | QM: Rebuttable Presumption (APOR) | QM: Rebuttable Presumption (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: Significant time at current residence; 10 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job; 11 years and 11 months CFCFS1744: DTI below guideline requirement - Clayton Comments: 21% DTI is below guideline requirement of 50.00%. CFCFS1737: LTV below guideline requirements - Clayton Comments: 70.00% LTV below guideline requirements of 75.00% per program. |
XX | |||||||||||||||
| 25 | XX | XX | NC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | LCA score is: N/A. Missing 3rd party valuation. | 1.28.2026 Client provided 3rd party CDA valuation supporting appraised value with 0.0% variance | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit score 800 is above the minimum of 620. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower at employer for over 17 years CFCFS1736: Significant time at current residence - Clayton Comments: borrowers at current residence for over 30 years |
XX |
| 26 | XX | XX | TX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Need evidence of change of circumstances letter for Ten Percent tolerance, (Title fees) increase, or a copy of a refund check in the amount of $1277.55 | 01/30/2026 Client provided COC 10/28 reflecting Loan amount change supporting increase to Lenders insurance. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 785 credit score exceeds the 620 minimum guideline requirement by 125 points. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at current residence for 26 years. |
XX |
| 27 | XX | XX | ME | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has been at the current job for 17 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 29% DTI is 16% below the maximum guideline requirement of 45%. |
XX | |||||||||||||||
| 29 | XX | XX | MN | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | FSD Score = 36.08 - outside of tolerance | 1.29.2026 Client provided 3rd party CDA valuation supporting appraised value with 0.0% variance | Condition satisfied | (No Data) | Not Applicable | CFCFS1742: Consumer credit
history exceeds guidelines - Clayton Comments: 0x30 for 60+ months CFCFS1737: LTV below guideline requirements - Clayton Comments: 80.00% LTV below guideline requirements of 95.00% per program. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 812 is 192 points above program guideline minimum of 620. |
XX |
| 61 | XX | XX | MI | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing Ability-to-Repay Underwriting Certification. | 4.23.2026 Client provided executed ATR Underwriting Certification | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 784 > is above guideline minimum credit score 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 19 years. |
XX |
| 77 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 783 FICO exceeds guideline of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: 18.36 DTI below guideline of 50. |
XX | |||||||||||||||
| 79 | XX | XX | MI | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing the Ability-to-Repay Underwriting Certification. | 5.5.2026 Client provided executed by Underwriter, ATR Underwriting Certification | Condition satisfied | (No Data) | Not Applicable | CFCFS1735: Co-Borrower has
significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 787 > is above guideline minimum credit score 720. |
XX |
| 79 | XX | XX | MI | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER4435 | Missing Condo/Co-op Certificate/Questionnaire | No | Missing Condo Questionnaire and Condo Master Insurance policy. | 5.5.2026 Client provided subject HOA Condo questionnaire, condition remains for subject Condo Master HOA policy. 5.6.2026 Client provided Condo HOA Master Policy 6.20.2025 - 2026 | Condition satisfied | (No Data) | Not Applicable | CFCFS1735: Co-Borrower has
significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 787 > is above guideline minimum credit score 720. |
XX |
| 87 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has significant time at current job of 5 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 30 months exceeds guidelines of 12 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI at 40.43% below guideline requirement of 50% |
XX | |||||||||||||||
| 97 | XX | XX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing HELOC statement for XX for property XX. | 4/14 Client provided evidence the HELOC is reported to credit and attached XX | Condition satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $109,793.70 or 17.38 months of PITIA. Reserves required for Loan amount (3) / DTI over 45% (3)= 6 months x $6,316.60 = $37,899.60 and Additional Financed Properties (2 months) x $8,400.73 = $16,801.46 = Total: $54,701.06. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 734 > is above guideline minimum credit score 720. |
XX |
| 104 | XX | XX | LA | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing loan document Ability-to-Repay Underwriting Certification and UCD Findings. | 5/11 Client [provided the TAR certificate | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 757 > is above guideline minimum credit score 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $219,194.86 or 42.39 months of PITIA. Reserves required for Loan amount (3) months and (DTI over 45% additional (3) = 6 months x $5,170.39 = $ 31,022.34 and Additional Financed Properties (2 months) x $6,824.72 = $13,649.44 = Total: $44,671.78. |
XX |
| 106 | XX | XX | IN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | C | A | C | A | CMPATRQM2900 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination. | No | Loan declared QM Safe Harbor (APOR) from lender/client; Clayton status is NONQM due to fees too high (adjusted charges are $14,111.80, max allowed is $10,557.58; $3,554.22 too high). | 4.22.2026 Client provided Lender LOX in Collaborate stating, This is a LWR Signature+ Platinum SmartSelf loan, a Non-QM product. We are not exceeding APOR and the condition is also saying the Status is NONQM, which is what this product is. Response, per loan file document (pg 202) ATR Worksheet states loan is QM Safe Harbor. Please provide updated ATR Worksheet reflecting as Non QM 4.28.2026 Client provided LOX in Collaborate stating, it is a Non-QM loan there is an NewRez ATR certification in the file. Response, Mavent in file states QM Safe Harbor (pg 12) and ATR worksheet in file states QM Safe Harbor (pg 202) and with going through loan file documents did not locate the ATR certification in file stating as being Non QM. Condition remains please provide the ATR certification stating as Non QM. 4.29.2026 Client provided LOX in Collaborate loan is a Non QM due to program | Condition satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Significant time at current residence of 5 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 61 months exceeds guidelines of 12 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV at 58.33% below guideline requirements of 80% |
XX |
| 106 | XX | XX | IN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3772 | TRID - Error #10 discovered on Loan Estimate | No | Missing revised LE dated 03/XX/2026 per the Disclosure Tracking Details. | 4/17/26 Client provided missing LE 3/12/26. Disclosure was tested with no issues. Condition satisfied | 4/17/26 Condition satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Significant time at current residence of 5 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 61 months exceeds guidelines of 12 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV at 58.33% below guideline requirements of 80% |
XX |
| 114 | XX | XX | MI | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing loan requirement of Ability-to-Repay Underwriting Certification. | 5/1 Client provided the ATR certificate | Satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has significant time at current job, 26 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $25,792.19 or 10.03 months of PITIA. Total reserves required is $19,418.24 |
XX |
| 114 | XX | XX | MI | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER4435 | Missing Condo/Co-op Certificate/Questionnaire | No | File is missing Condo Questionnaire. | 5/1 Client provided the Condo questionnaire | Satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has significant time at current job, 26 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $25,792.19 or 10.03 months of PITIA. Total reserves required is $19,418.24 |
XX |
| 124 | XX | XX | NV | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing required loan documents of Ability-to-Repay Underwriting Certification, Notice to Borrower: Ability to Repay Disclosure and Borrowers Affirmation of Information provided to Establish ATR. | 4.23.2026 Client provided executed ATR Underwriting Certification, however still missing additional two (2) signed disclosures, (a). Notice to Borrower: Ability to Repay Disclosure and (b). Borrower's Affirmation of information provided to Establish ATR4.29.2026 Client provided executed ATR Underwriting Certification and executed Notice to Borrower: Ability to Repay Disclosure and executed Borrower's Affirmation of information provided to Establish ATR | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 811 > is above guideline minimum credit score 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 51.46% is 33.54 points below the program guideline maximum 85%. |
XX |
| 128 | XX | XX | NC | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Provide the ATR Disclosure and the Borrower's Affirmation. | 5.6.2026 Client provided executed by Borrower Affirmation ATR and ATR Notice Disclosure | Condition satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV at 75% below guideline requirements of 90% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI at 2.8% below guideline requirement of 50% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 99 months exceeds guidelines of 12 months |
XX |
| 141 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Reserves required for Loan amount (3) months and (DTI over 45% additional (3)=6 months x $3,003.29 = $18,019.74. Post Close Assets are $127,057.97 or 42.31 months of PITIA. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 18 years. |
XX | |||||||||||||||
| 148 | XX | XX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit score of 759 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 99 months exceeds guidelines of 12 months |
XX | |||||||||||||||
| 151 | XX | XX | AL | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below
guideline requirement - Clayton Comments: DTI at 46.34% below guideline requirement of 50% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 80 months exceeds guidelines of 12 months CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence of 6.75 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job of 7.33 years |
XX | |||||||||||||||
| 153 | XX | XX | CA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing requierd documents. Ability-to-Repay Underwriting Certification and Notice to Borrower: Ability to Repay Disclosure, and Borrowers Affirmation of Information provided to Establish ATR. | 4.22.2026 Client provided Lender QM Safe Harbor/ATR Worksheet however still missing the thee (3) initial requested documentation for: (a). Ability-to-Repay Underwriting Certification and (b). Notice to Borrower: Ability to Repay Disclosure, and (c). Borrowers Affirmation of Information provided to Establish ATR4.28.2026 Client provided executed copy of Notice to Borrower and executed Borrower's affirmation of Info provided to establish ATR, condition remains for the additional requested signed disclosure: ATR Underwriting Certification 4.29.2026 Client provided executed ATR Underwriting Certification | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 730 > is above guideline minimum credit score 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV: 75% is 5 points below the program guideline maximum 80%. |
XX |
| 157 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV at 56.52% below guideline requirements of 90% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI at 40.52% below guideline requirement of 50% CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence of 10 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 61 months exceeds guidelines of 12 months |
XX | |||||||||||||||
| 161 | XX | XX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of
credit - Clayton Comments: Borrower has minimal use of revolving credit CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower has no late payments on the mortgage history |
XX | |||||||||||||||
| 165 | XX | XX | OH | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment
history exceeds guidelines - Clayton Comments: Mortgage payment history of 99 months exceeds guidelines of 12 months CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence of 6.8 years |
XX | |||||||||||||||
| 217 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit Score 738. Minimum required 620 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.159%. Max 75%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Closing assets $1,183,161.36 or $452.76 month PITI reserves. Required reserves $27,649.26 |
XX | |||||||||||||||
| 256 | XX | XX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: The borrower has lived at the current residence for 19 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: LP required reserves of $18,387.48. Verified reserves are $139,533.98 |
XX | |||||||||||||||
| 265 | XX | XX | OH | (No Data) | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Missing Loan Estimate(s) in file. | 10/13/2025 Client provided missing LE 07/17/2025 | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit Score 770. Minimum required 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets $102,519.48 or 35.44 months PITI reserves. Required reserves $17,359.56 CFCFS1739: Positive mortgage payment history - Clayton Comments: The mortgage in the borrowers current home was reviewed for 24 months with no lates CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 75%. Max 85% |
XX |
| 313 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has 20 years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 784 is 64 points above the 720 FICO required for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 28 months PITIA is 16 months greater than the 12 months reserves required. |
XX | |||||||||||||||
| 318 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | COC's dated 5/XX/22 and CD 6/XX/22 found in file but corresponding disclosures are missing in file. Condition is pending receiving disclosures for further testing. | 8.8.22 Client provided LE 5/31/22 and CD 6/27/22. | 8/8/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has been Self-employed with XX for 21 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $55,082.61 or 13.71 months PITI, guidelines required 3 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.22%, max per guidelines is 50% |
XX |
| 318 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance in amount of $150 due to added CDA fee with no valid COC in file. COC dated 5/XX/22 does not indicate a reason why fee was added. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information. | 8.8.22 Client provided COC and LE 5/31/22. 8/11/2022: Client provided PCCD 8/11/2022, LOE, Refund of $150 and proof of delivery. | 8/11/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has been Self-employed with XX for 21 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $55,082.61 or 13.71 months PITI, guidelines required 3 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.22%, max per guidelines is 50% |
XX |
| 318 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Credit | Income/Employment | Active | B | B | B | B | CRDINC150 | Income docs do not meet guidelines | No | Lender exception for missing the 1099 transcripts without CPA verification of Schedule C filing. Considered as non-material. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has been Self-employed with XX for 21 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $55,082.61 or 13.71 months PITI, guidelines required 3 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.22%, max per guidelines is 50% |
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| 324 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: The borrower has been with the same employer for 10 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $45,729.49. Verified post clsg reserves $281,892.10 or 112.16 months PITIA |
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| 339 | XX | XX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: 24 years at primary residence CFCFS1734: Borrower has significant time at current job - Clayton Comments: 12+ years with present employer |
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| 344 | XX | XX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | A loan product change from Fixed on initial CD 7/XX/22 to Fixed 10year IO on final CD 7/XX/22. Missing revised CD 7/XX/22 with a valid COC for further testing. | 8/5/2022: Client provided CD 7/xx/2022 which discloses the product change at least three days prior to closing date of 7/xx. | 8/5/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS2854: Significant time
in profession - Clayton Comments: The borrower has been in the Real Estate industry for 22 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 720 qualifying score. Min required per guidelines is 680 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $189,478.73 or 19.52 months PITIA, guidelines required 6 months PITIA. |
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| 353 | XX | XX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 751 > is above guideline minimum credit score 620. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 36 years. |
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| 371 | XX | XX | FL | QM: Rebuttable Presumption (APOR) | QM: Rebuttable Presumption (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $10,525.27 or 4.71 months PITI , Required PITI Reserves are $4,230.39 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 709 exceeds the guideline program minimum of 620. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 5 years. |
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| 378 | XX | XX | NJ | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 80% is below guideline requirement of 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 734 exceeds guideline requirement of 620. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 25 years. |
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| 391 | XX | XX | AK | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | D | A | D | A | C | A | C | A | D | B | D | A | C | B | C | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | C | A | C | A | CMPATRQM2900 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination. | No | Clayton's QM status QM- RP (APOR) with a interest rate set date of 7/XX/2025. Benchmark variance 2.024. | 10/13 Client provided a determination of QM RP | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 705 exceeds the guideline program minimum of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $67,695.81 or 12.39 months PITI , Required PITI Reserves are $0 |
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| 391 | XX | XX | AK | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | D | A | D | A | C | A | C | A | D | B | D | A | C | B | C | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing documentation to support the primary housing totaling $2715.19. | 10/13 Client provided mortgage statement supporting $2456.86 PITI ; Provide supporting docs for additional $258.33 used to qualify10/22 Client provided 1008 and AUS removing $258.33 from PITI | Satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 705 exceeds the guideline program minimum of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $67,695.81 or 12.39 months PITI , Required PITI Reserves are $0 |
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| 391 | XX | XX | AK | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | D | A | D | A | C | A | C | A | D | B | D | A | C | B | C | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Value not supported within 10%. Appraised value $XX; AVM $XX | 10/13/2025 client provided CDA which supported OA value. | Condition satisfied. | Not Applicable | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 705 exceeds the guideline program minimum of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $67,695.81 or 12.39 months PITI , Required PITI Reserves are $0 |
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| 405 | XX | XX | CO | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | Subject transaction closed with a PIW. | (No Data) | Condition satisfied with receipt of AVM supporting PIW value. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit score of 795 is below guideline requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Required reserves to be verified are $9,457.18. Verified post close assets of $146,334.61. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline requirement of 90%. |
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| 406 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Credit score of 768 exceeds guideline requirement of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is below guideline requirement of 85%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Required reserves per LP are $22,275.80. Verified post close reserves of $245,396.66. |
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| 452 | XX | XX | MA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW | No | Subject transaction closed with PIW Inspection | (No Data) | Condition satisfied with receipt of AVM supporting PIW value. | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 21 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 35 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 732 exceeds the guideline program minimum of 620. |
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| 452 | XX | XX | MA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | B | A | B | A | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Approved by AUS as an Appraisal Waiver (PIW); FEMA Declaration date 6/XX/2018 | 10/13 Client provided a XX search; provide a post disaster inspection showing no damage since the FEMA event10/22 Client provided a post disaster 10/20 showing no damage since FEMA event | SAtisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 21 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 35 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 732 exceeds the guideline program minimum of 620. |
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| 454 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Reserves required $21,464.94. Post verified reserves $113,983.26 or 31.86 months PITI CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 69.80%, max allowed by G/L is 85% CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the same profession for 19 years |
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| 473 | XX | XX | RI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has resided at current residence for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 711 exceeds the guideline program minimum of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $55,402.38 or 11.55 months PITI , Required PITI Reserves are $28,782.77. |
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| 485 | XX | XX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 69% is below guideline requirement of 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 699 exceeds guideline requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months PITIA reserves required - $20,935.44; verified post close assets of $37,905.22 or 10.86 months PITIA reserves. |
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| 558 | XX | XX | TX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | A | A | A | C | A | A | A | C | B | A | A | C | B | A | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Value not supported within 10%. Appraised value $XX; AVM $XX | Client provided CDA supporting appraised value of $XX with a 0% variance. | Condition satisfied | Not Applicable | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $16,110.38 or 4.50 months PITI, Required PITI Reserves are $7,165.81. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 784 exceeds the guideline program minimum of 620. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for 59 years. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 33 years. |
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| 565 | XX | XX | NH | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 764 mid score > min required of 620 CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 3.15% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: (Prior to payoff) 0x30 x 65 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets: $47,864.07 (16.38 months PITIA reserves) > min required reserves of $17,534.95 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has occupied primary residence for 20.25 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 17 years. |
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| 581 | XX | XX | CA | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | A | A | C | B | A | A | C | B | A | A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Value not supported within 10%. Appraised value $XX; AVM value $XX | 10/13/2025 client provided CDA which supported the OA value. | Condition satisfied. | Not Applicable | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 75% is below guideline requirement of 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 738 exceeds guideline of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required are $51,683.70; verifies post close assets of $600,014.07. |
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| 626 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: The borrower has occupied his current primary for 20.3 years |
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| 654 | XX | XX | SC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV of 70% is below guideline requirement of 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 805 exceeds guideline requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months PITIA reserves required - $20,222.70; verified post close assets of $614,877.13 or 182 months PITIA reserves. |
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