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Client Name:
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Client Project Name:
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PRET 2026-RPL3
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Start - End Dates:
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2/9/2022 - 4/13/2023
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Deal Loan Count:
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4
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Conditions Report 2.0
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Loans in Report:
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4
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Loans with Conditions:
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1
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Loan Number
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Pretium Loan ID
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Original Principal Balance
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State
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Initial Lender ATR/QM Status
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Loan Level ATR/QM Status
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Initial Securitization Overall Loan Grade
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Final Securitization Overall Loan Grade
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Initial Securitization Credit Loan Grade
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Final Securitization Credit Loan Grade
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Initial Securitization Property Valuations Loan Grade
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Final Securitization Property Valuations Loan Grade
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Initial Securitization Compliance Loan Grade
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Final Securitization Compliance Loan Grade
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Initial S&P Overall Loan Grade
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Final S&P Overall Loan Grade
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Initial S&P Credit Loan Grade
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Final S&P Credit Loan Grade
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Initial S&P Property Valuations Loan Grade
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Final S&P Property Valuations Loan Grade
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Initial S&P Compliance Loan Grade
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Final S&P Compliance Loan Grade
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Condition Category
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Condition Sub Category
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Condition Status
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Initial Securitization Condition Grade
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Final Securitization Condition Grade
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Initial S&P Condition Grade
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Final S&P Condition Grade
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Condition Code
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Condition Description
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Condition Material Indicator
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Initial Comments
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Client/Seller Response Comments
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Conclusion Comments
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TRID Error Type
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Cure Method
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Compensating Factors
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XXXXXX
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6399081
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XXXXXX
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CA
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(No Data)
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ATR/QM: Exempt
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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CFCFS1741: Credit score exceeds guidelines
- XXX Comments: High Credit Score 666 Guidelines allow 640
CFCFS1737: LTV below guideline requirements
- XXX Comments: Low LTV/CLTV/HLTV XX.XX % Guidelines allow 80 %
CFCFS1731: Verified cash reserves exceed guidelines
- XXX Comments: Post-Closing Reserves of $ 968,485 as 425 months PITIA Guidelines require 3 months or ($ 2,278 X 3 = $ 6,834)+ 2 Months for Additional REO or
($ 11,992 X 2 = $ 23,984)
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XXXXXX
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6118007
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XXXXXX
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GA
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Non-QM: Lender documented all ATR UW factors
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Non-QM: Lender documented all ATR UW factors
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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CFCFS1731: Verified cash reserves exceed guidelines
- XXX Comments: Assets verified at $41,863.55. Cash back at closing $3,255.19. Required reserves 0 months. Excess reserves $41,863.55.
CFCFS1741: Credit score exceeds guidelines
- XXX Comments: Credit score of 672 exceeds minimum required 640.
CFCFS1737: LTV below guideline requirements
- XXX Comments: LTV of XX.XX% is below the maximum allowable of 80%.
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XXXXXX
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6117908
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XXXXXX
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DE
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Non-QM: Lender documented all ATR UW factors
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Non-QM: Lender documented all ATR UW factors
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C
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B
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C
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B
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A
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A
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A
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A
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C
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B
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C
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B
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A
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A
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A
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A
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Credit
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Assets
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Satisfied
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C
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A
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C
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A
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CRDAST3078
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Insufficient # of months cash reserves for PITI per guideline requirements
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No
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Provide additional assets to cover 6 months of PITIA. $2,428.44 x 6 $14,570.64. Cash after closing $8,376.60. Provide additional assets in the amount of
$6,194.14.
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4.14.2023 Client responded - Please see the attached additional assets. Please clear the conditon 4.14.2023 Client sent bank statement XXX dated 3/XX/2023
verifying $75,415.68. Exception satisfied
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4.14.2023 Exception satisfiedProvide additional assets.
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(No Data)
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Not Applicable
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CFCFS1734: Borrower has significant time at current job
- XXX Comments: Borrower has been on current job 5 years.
CFCFS1737: LTV below guideline requirements
- XXX Comments: Loan to value is XX.XX% max is 85%.
CFCFS1741: Credit score exceeds guidelines
- XXX Comments: Credit score is 684.
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XXXXXX
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6117908
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XXXXXX
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DE
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Non-QM: Lender documented all ATR UW factors
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Non-QM: Lender documented all ATR UW factors
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C
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B
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C
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B
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A
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A
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A
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A
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C
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B
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C
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B
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A
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A
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A
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A
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Credit
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Income/Employment
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Active
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B
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B
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B
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B
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CRDINC888
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Income Amount is Unsupported by Documentation in File
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No
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Guidelines require 24 months of self employment; borrower is 3 months shorts of the 24 months.
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4.13.2023-XXX Memo-Client provided approved lender exception.
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4.13.2023-Upon further review by XXX, XXX deems exception non-material due to credit score 684, Loan to Value XX.XX%, and in the XXX for 8 plus years. Client
allows this on a case by case basis. Exception remains.
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(No Data)
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Not Applicable
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CFCFS1734: Borrower has significant time at current job
- XXX Comments: Borrower has been on current job 5 years.
CFCFS1737: LTV below guideline requirements
- XXX Comments: Loan to value is XX.XX% max is 85%.
CFCFS1741: Credit score exceeds guidelines
- XXX Comments: Credit score is 684.
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XXXXXX
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6110491
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XXXXXX
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OR
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(No Data)
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ATR/QM: Exempt
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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A
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CFCFS1736: Significant time at current residence
- XXX Comments: Borrower at current residence 7 years 4 months
CFCFS1741: Credit score exceeds guidelines
- XXX Comments: 713 Credit score exceeds guideline of 700
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