Angel Oak Mortgage Trust I, LLC ABS-15G
Exhibit 99.3
| Exception Grades | ||||||||||||||||||||||||||||||||||||||||||||||||
| Run Date - XXX | ||||||||||||||||||||||||||||||||||||||||||||||||
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Waived with Regrade | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXX | 2026040719 | XXX | XXX | XXX | XXX | Credit | Disclosure | Missing Document | Disclosure | XXX Agreement is missing. | Disclosure:XXX Consent Agreement | Reviewer Comment (XXX): Received and associated E-Sign Consent Agreement. Exception Cleared Buyer Comment (XXX): Consent |
XXX | No | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| XXX | 2026040719 | XXX | XXX | XXX | XXX | Compliance | Compliance | XXX Compliance | TRID Defect | XXX Percent Tolerance Violation Without Sufficient Cure Provided | XXX Integrated Disclosure: XXX Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of XXX exceeds tolerance of XXX. XXX over legal limit. Insufficient or no cure was provided to the borrower. (XXX) | The attorney fee was added to the final CD and a valid change of circumstance and/or a sufficient cure was not provided. | Reviewer Comment (XXX): XXX received Letter of explanation and Corrected Closing disclosure. Buyer Comment (XXX): LOE and PCCD Reviewer Comment (XXX): XXX As the fee is borrower chosen, kindly provide corrected PCCD and LOE moving fee to section XXX. Buyer Comment (XXX): Lender Disagrees with condition |
XXX | No | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||
| XXX | 2026040751 | XXX | XXX | XXX | XXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXX. | Calculated Debt Service Coverage Ratio of XXX does not meet Guideline Debt Service Coverage Ratio XXX. | Reviewer Comment (XXX): Received and associated Interest Only Note and Closing Disclosure. Exception Cleared. Buyer Comment (XXX): docs uploaded Reviewer Comment (XXX): Received Note document indicates an Interest-Only loan structure, whereas the Final Closing Disclosure reflects no interest only feature. Please provide supporting documentation that verifies the Interest-Only loan. Exception remains Buyer Comment (XXX): doc uploaded |
XXX | No | 1 | C | A | C | A | C | A | C | A | C | A | XXX | XXX | XXX | XXX | C | A | C | A | A | A | N/A | No | ||||||||||
| XXX | 2026040732 | XXX | XXX | XXX | XXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for private party VOR without cancelled checks. | The representative FICO score exceeds the guideline minimum by at least XXX points. Borrower has been employed in the same industry for more than XXX years. Borrower has owned the subject property for at least XXX years. Borrower has verified disposable income of at least XXX. Borrower has worked in the same position for more than XXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXX months. The qualifying DTI on the loan is at least XXX% less than the guideline maximum. |
Approved exception in file with comp factors cited. | XXX XXX XXX XXX XXX XXX XXX |
Reviewer Comment (XXX): Exception approval in file with comp factors cited. |
XXX | Yes | 2 | B | B | B | B | B | B | B | B | B | B | XXX | XXX | XXX | XXX | B | B | B | B | A | A | A | A | N/A | No | ||||||