EXHIBIT 99.3

 

AMC Exception Grades

 

 

 

 

 

Exception Grades

Run Date - 7/2/2026 1:04:50 PM    

 

Deal ID 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
389 [Redacted] [Redacted] [Redacted]   36473297     Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Neighborhood location not provided. -         Reviewer Comment (2026-05-21): Received updated appraisal. Exception Cleared


Buyer Comment (2026-05-18): Submitted updated appraisal
 05/21/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   D A B A     D A   N/A No
389 [Redacted] [Redacted] [Redacted]   36473276     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-21): CEL is not securitizing Closed End Seconds, cleared


Buyer Comment (2026-05-18): FNMA SSR with CU score of [redacted]has been submitted; however, for future reviews, please note that secondary valuations are not required since CEL is not securitizing CES loans at this time.


Reviewer Comment (2026-05-15): UCDP report does not reflects the CU/LCA score. Exception Remains.


Buyer Comment (2026-05-14): CEL is not securitizing Closed End Seconds at this time; however, the secondary valuation was included in the initial shipping package and is located in your portal under doc ID [redacted].
 05/21/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A B A     D A   N/A No
390 [Redacted] [Redacted] [Redacted]   36502716     Credit Credit Miscellaneous Guideline Credit Exception:   The title commitment reflects two mortgages however, the closing statement does not reflect a payoffs. Evidence that the mortgages are paid off/satisfied or evidence the they will not have impact on final title policy is missing.       Reviewer Comment (2026-05-19): Fraud guard supports payoff.


Reviewer Comment (2026-05-19): From fraud report unable to verify if property is free and clear or not. Please provide property history report or evidence that the mortgages are paid off/satisfied. Exception remains.


Buyer Comment (2026-05-15): Items [redacted]and [redacted]on title are one-in-the-same and represent an FHA mortgage taken in [redacted]that has since been paid off. The subject is free and clear (supported by FraudGuard report) with borrower receiving $[redacted]in cash out proceeds. The liens will be removed with the issuance of final title which could take up to several weeks to obtain. Please escalate.
 05/19/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
390 [Redacted] [Redacted] [Redacted]   36476201     Credit Title Document Error Title The Commitment or Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title Policy amount is not provided on title preliminary. Title policy amount is required to cover the subject loan amount of $[redacted]. Final Title Policy was not provided to verify sufficient title coverage was obtained.       Reviewer Comment (2026-05-19): Title Supplemental policy received and policy amount verified the details. Exception Cleared.


Buyer Comment (2026-05-15): Title supplement with the correct coverage amount was included in the initial shipping package and is in your portal under doc ID [redacted].
 05/19/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
396 [Redacted] [Redacted] [Redacted]   36516725     Credit Guideline Guideline Issue Guideline Borrower is a first time home buyer and ineligible per guidelines. - Per lender guides, a first time homebuyer living rent free is an ineligible borrower.       Reviewer Comment (2026-05-21): Borrower not living rent free and provided lease agreement, VOR and Payment history to verify the same. Exception Cleared.


Buyer Comment (2026-05-18): The borrower is not living rent free, the borrower rents their current primary residence the lease was provided in the initial shipping package Doc ID [redacted]. VOR provided Doc ID [redacted].  Payments made via [redacted][redacted]Doc ID's [redacted], [redacted], [redacted], [redacted], [redacted], [redacted], [redacted] and [redacted]. With Explanation to clarify rental payments provided Doc ID [redacted]. Per guidelines section [redacted]FTHB is permissible, the motivation letter was provided Doc ID [redacted].
 05/21/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
396 [Redacted] [Redacted] [Redacted]   36517175     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The [redacted]checklist is missing from the file.       Reviewer Comment (2026-05-21): [redacted]% replacement cost estimator was already provided and verified the details. Exception Cleared.


Buyer Comment (2026-05-18): The email from the insurance agent was provided in the initial shipping package Doc ID [redacted]page [redacted]which denotes "Please note that structure of property is covered at [redacted]% REPLACEMENT COST up to coverage A limits", nothing additional is required.
 05/21/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
396 [Redacted] [Redacted] [Redacted]   36519749     Credit Guideline Guideline Issue Guideline Minimum of [redacted]square feet of gross living area required per company guidelines.   Lender exception in file on subject's [redacted]sq. ft. which is less than [redacted]sq ft. as minimum value required by guideline. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Aggregator,SitusAMC

SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-05-18): Client elects to waive with compensating factors.
     05/18/2026 Yes 2 B B B B B B B B B B   FL Investment Purchase   C B C B     A A   N/A No
397 [Redacted] [Redacted] [Redacted]   36523800     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved at origination to use unpublished STR guidelines which need an exception to allow comparable rent schedule using long term rents. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The qualifying DSCR on the loan is greater than the guideline minimum.		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]		 SitusAMC

Aggregator,SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2026-05-19): Client elects to waive with compensating factors.
     05/19/2026 Yes 2 B B B B B B B B B B   AZ Investment Purchase   B B B B     A A   N/A No
399 [Redacted] [Redacted] [Redacted]   36639198     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception. LTV, the subject was purchased [redacted] and rehabbed guidelines max LTV is [redacted]%. Borrower is a first time investor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-06-02): Lender Exception with Compensating Factors provided.
     06/02/2026 Yes 2   B   B   B   B   B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
399 [Redacted] [Redacted] [Redacted]   36524934     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[redacted]. Provide updated policy reflecting minimum coverage of $[redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-05-22): Received replacement cost estimate document. Verified and updated details. Exception Cleared.


Buyer Comment (2026-05-20): Submitted RCE for review.
 05/22/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
399 [Redacted] [Redacted] [Redacted]   36524900     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Per guidelines for ownership seasoning less than [redacted]months, properties that were purchased and rehabbed per appraisal and have SSR [redacted]and below appraised value may be used. Max [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-06-02): Lender exception. LTV, the subject was purchased [redacted] and rehabbed guidelines max LTV is [redacted]%. Borrower is a first time investor. Lender Exception with Compensating Factors provided.


Buyer Comment (2026-05-28): Submitted post-closing lender exception.
     06/02/2026 Yes 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
399 [Redacted] [Redacted] [Redacted]   36524899     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Per guidelines for ownership seasoning less than [redacted]months, properties that were purchased and rehabbed per appraisal and have SSR [redacted]and below appraised value may be used. Max [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-06-02): Lender exception. LTV, the subject was purchased [redacted] and rehabbed guidelines max LTV is [redacted]%. Borrower is a first time investor. Lender Exception with Compensating Factors provided.


Buyer Comment (2026-05-28): Submitted post-closing lender exception.
     06/02/2026 Yes 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
401 [Redacted] [Redacted] [Redacted]   36557190     Credit Credit Miscellaneous Guideline Credit Exception:   First time investor living rent free is ineligible per guidelines. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].

The representative FICO score exceeds the guideline minimum by XX points.

The qualifying DSCR on the loan is greater than the guideline minimum.

Miscellaneous		 Reserves: [redacted]
Guideline Requirement: [redacted]

The representative FICO score exceeds the guideline minimum by [redacted] points.

The DSCR of [redacted] is greater than the minimum required DSCR of [redacted].

Mortgage paid as agreed [redacted]		 Originator,SitusAMC

SitusAMC

Originator

Originator

Originator		 Reviewer Comment (2026-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived.
     05/21/2026 Yes 2 B B B B B B B B B B   CT Investment Purchase   B B B B     A A   N/A No
403 [Redacted] [Redacted] [Redacted]   36545995     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[redacted]. Provide updated policy reflecting minimum coverage of $[redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-05-26): Replacement cost estimator received. Exception Cleared.


Buyer Comment (2026-05-21): Submitted proof of [redacted]% RCC with matching policy number.
 05/26/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
404 [Redacted] [Redacted] [Redacted]   36546764     Credit Credit Miscellaneous Guideline Credit Exception:   Subject is rural. The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower's Experience/Track Record		 Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]

Reserves: [redacted]
Guideline Requirement: [redacted]

The borrower has over [redacted] year as real estate investor.		 Originator,SitusAMC

Originator,SitusAMC

Originator		 Reviewer Comment (2026-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived.
     05/21/2026 Yes 2 B B B B B B B B B B   NH Investment Purchase   C B C B     A A   N/A No
404 [Redacted] [Redacted] [Redacted]   36553174     Credit Missing Document General Missing Document Missing Document: 1007 Rent Comparison Schedule not provided           Reviewer Comment (2026-05-26): Cleared. Rent analysis is located in the file.


Reviewer Comment (2026-05-26): Please provide rent comparison schedule. Exception remains.


Buyer Comment (2026-05-21): Subject is a Short-Term Rental. Per guidelines, section [redacted], a Comparable Rent Schedule is not required when evaluating STR used in qualifying which was taken from the appraisal.
 05/26/2026     No 1 C A C A C A C A C A   NH Investment Purchase   C B C B     A A   N/A No
406 [Redacted] [Redacted] [Redacted]   36569591     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower signed the security instrument on [redacted], however the notary date is [redacted]. Clarification and correction would be required.       Reviewer Comment (2026-06-05): Received corrected security instrument. Condition cleared.


Buyer Comment (2026-06-04): Mortgage with corrected date uploaded for review.
 06/05/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
406 [Redacted] [Redacted] [Redacted]   36569663     Credit Guideline Guideline Issue Guideline Aged document: Asset Account date is more than [redacted]days prior to Closing. - File is missing the final signed/dated Hud from the refinance of [redacted].       Reviewer Comment (2026-06-05): Received final CD. Condition cleared.


Buyer Comment (2026-06-03): Final closing disclosure for [redacted] uploaded for review.
 06/05/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
407 [Redacted] [Redacted] [Redacted]   36575987     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approval provided for borrower had a [redacted]and a [redacted]within the last [redacted] months on one of their REO mortgages. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower's Experience/Track Record		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience.		 Aggregator,SitusAMC

Aggregator		 Reviewer Comment (2026-05-26): Client elects to waive with compensating factors.
     05/26/2026 Yes 2   B   B   B   B   B   FL Investment Refinance - Cash-out - Other   A B A B     A A   N/A No
408 [Redacted] [Redacted] [Redacted]   36570037     Credit Credit Miscellaneous Guideline Credit Exception:   The file is missing the [redacted] mortgage payment for the subject property. Reviewed all mortgage statements, however that payment was not located.       Reviewer Comment (2026-05-27): Mortgage statement provided in file. Exception Cleared.


Buyer Comment (2026-05-26): Please disregard prior commentary. The subject's [redacted] mortgage payment is verified by Doc ID [redacted]showing stmt date of [redacted] due for the [redacted] payment.


Buyer Comment (2026-05-26): The subject is secured by [redacted]. The credit report page [redacted] of [redacted]reflects last payment made [redacted].
 05/27/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
412 [Redacted] [Redacted] [Redacted]   36580204     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested an exception, which was approved, because the borrower has a [redacted]and a [redacted]within the last [redacted]months on one of their REO mortgages. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Miscellaneous		 Reserves: [redacted]
Guideline Requirement: [redacted]

Multiple paid as agreed mortgages [redacted]		 SitusAMC

SitusAMC

Aggregator		 Reviewer Comment (2026-05-28): Client elects to waive with compensating factors.
     05/28/2026 Yes 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
415 [Redacted] [Redacted] [Redacted]   36593140     Credit Credit Miscellaneous Guideline Credit Exception:   File is missing a signed/dated close out letter by the borrower for the Heloc paid off at closing.       Reviewer Comment (2026-06-02): Received signed HELOC close out authorization in the file. Exception Cleared.


Buyer Comment (2026-05-28): Submitted signed HELOC close out auth for review.
 06/02/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
415 [Redacted] [Redacted] [Redacted]   36593148     Credit Credit Miscellaneous Guideline Credit Exception:   File is missing the most recent [redacted] month mortgage payment history for the [redacted]and [redacted]on the subject property.       Reviewer Comment (2026-06-05): Received mortgage histories. Condition cleared.


Buyer Comment (2026-06-05): Submitted[redacted] HELOC payments for [redacted] and [redacted]. Credit report last rates [redacted] supported by the [redacted] billing stmt generated [redacted]due for the [redacted] payment. Section [redacted]of guidelines permits a [redacted]within the past [redacted]months. Please escalate as the [redacted] payment will not be requested from the borrower and there would be no exception applicable.


Reviewer Comment (2026-06-05): Missing pay history for the month of [redacted] for heloc account #[redacted]. Exception Remains.


Buyer Comment (2026-06-02): Submitted Subject's first mortgage pay history to AMC for review.


Reviewer Comment (2026-06-02): Received only [redacted]months [redacted] month Payment History. However, require complete [redacted]months consecutive housing history for the subject as per provided guidelines. Exception Remains.


Buyer Comment (2026-05-28): Submitted first mortgage payment history and Note for review. [redacted]payment is under doc ID [redacted]for $[redacted]. The second HELOC reports on credit under doc ID [redacted]with [redacted] ending #[redacted]matching the [redacted] HELOC stmt under doc ID [redacted].
 06/05/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
415 [Redacted] [Redacted] [Redacted]   36584783     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of $[redacted]is less than the note amount of $[redacted]based on the Commitment in file.       Reviewer Comment (2026-05-28): Corrected title provided.


Buyer Comment (2026-05-28): Submitted updated Title for review
 05/28/2026     No 1 B A B A B A B A B A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
416 [Redacted] [Redacted] [Redacted]   36585109     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[redacted]. Provide updated policy reflecting minimum coverage of $[redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-06-02): Received replacement cost estimator. Exception Cleared.


Buyer Comment (2026-05-29): RCE uploaded for review.
 06/02/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
419 [Redacted] [Redacted] [Redacted]   36588322     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]           Reviewer Comment (2026-06-03): CU score is less than [redacted], 3rd party review not required. Exception Cleared.


Buyer Comment (2026-05-29): Secondary valuation was included in the initial shipping package and is located in your portal under doc ID [redacted].
 06/03/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Rate/Term   D A A A     D A   N/A No
420 [Redacted] [Redacted] [Redacted]   36591607     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved at origination to allow rate and term LTV and score but price as cash out due to prior refinance within [redacted]months. Compensating factors were cited as over [redacted]year experience as real estate investor and multiple paid as agreed mortgages [redacted].  Unable to downgrade/waive due to insufficient compensating factors. Please provide additional compensating factors to enable DD to downgrade and waive. Borrower has owned the subject property for at least [redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

The representative FICO score exceeds the guideline minimum by at least [redacted] points.		 Owned the subject property for at least [redacted] years. Aggregator,SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-06-04): Client elects to waive with comp factors: >[redacted] year as a real estate investor and multiple paid as agreed mortgages.


Reviewer Comment (2026-06-04): The comp factors selected on the document are not suffient for due diligence to downgrade and waive the exception.


Buyer Comment (2026-06-01): Exception form under doc ID [redacted]requires at least [redacted]compensating factors which have been provided. Please escalate.
     06/04/2026 Yes 2 C B C B C B C B C B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
420 [Redacted] [Redacted] [Redacted]   36630258     Credit Credit Miscellaneous Guideline Credit Exception:   File is missing a CoGS dated  within [redacted]days prior to closing.       Reviewer Comment (2026-06-04): Certificate of good standing dated within [redacted]days of closing is located in the file.


Buyer Comment (2026-06-02): CEL ops manual requires Certificate of Good Standing showing active and dated within [redacted]days of closing. SOS business searches dated [redacted] were included in the initial shipping package and are in your portal under doc IDs [redacted]and [redacted].
 06/04/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
421 [Redacted] [Redacted] [Redacted]   36608418     Credit Missing Document General Missing Document Missing Document: Verification of Non-[redacted]Citizen Status not provided   Missing Permanent Resident card       Reviewer Comment (2026-06-04): Received Permanent Resident Card. Exception Cleared.


Buyer Comment (2026-06-01): Submitted Permanent Resident card to AMC for review.
 06/04/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
424 [Redacted] [Redacted] [Redacted]   36626858     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   1-4 Family Rider was not found in the file.       Reviewer Comment (2026-06-04): Received 1-4 Family Rider. Exception cleared.


Buyer Comment (2026-06-02): 1-4 Family Rider uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
424 [Redacted] [Redacted] [Redacted]   36626859     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   PUD Rider was not found in the file.       Reviewer Comment (2026-06-04): Received PUD Rider. Exception cleared.


Buyer Comment (2026-06-02): PUD Rider uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
424 [Redacted] [Redacted] [Redacted]   36626857     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate was not found in the file.       Reviewer Comment (2026-06-04): Received Business Purpose Certificate. Exception cleared.


Buyer Comment (2026-06-02): Business Purpose Affidavit uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
424 [Redacted] [Redacted] [Redacted]   36626855     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   1003 Final was not found in the file.       Reviewer Comment (2026-06-04): Received Final 1003. Exception cleared.


Buyer Comment (2026-06-02): Final 1003 uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
425 [Redacted] [Redacted] [Redacted]   36627861     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]   Secondary Valuation was not found in file.       Reviewer Comment (2026-06-08): Received secondary valuation. Condition cleared.


Buyer Comment (2026-06-05): Desk review uploaded for review.
 06/08/2026     No 1 D A D A D A D A D A   MO Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
426 [Redacted] [Redacted] [Redacted]   36629603     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Form 1004D/442 is missing.       Reviewer Comment (2026-06-04): Received evidence the latches are push button. Condition cleared.


Buyer Comment (2026-06-04): LOE uploaded, the safety windows are push button release, they are working as noted in the photos provided.


Reviewer Comment (2026-06-04): The pictures provided appear to be the original lock releases and are pictured in the original appraisal,  not new or updated. As stated in the original appraisal, the appraiser stated the appraisal was subject to the installation of quick release levers, which indicates the latches in the home were not operational.  A [redacted]reflecting these latches have been installed would be required.


Buyer Comment (2026-06-04): Appraisal documentation for Subject To uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     C A   N/A No
426 [Redacted] [Redacted] [Redacted]   36629621     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. - Spousal Consent form not found in file. Transfer Deed to Married man as his sole and separate property in file only.       Reviewer Comment (2026-06-04): Received clarification/approval/documentation from lender. Condition cleared.


Buyer Comment (2026-06-03): The title report reflects "[redacted], a married man as his sole and separate property and [redacted]and [redacted] Co-Trustees of The [redacted]Revocable Living Trust dated [redacted]", there is a Grant Deed provided taking the loan from the trust to [redacted], a married man as his sole and separate property only, per the property profile report (attached) the spouse did a interspousal transfer to [redacted] as Sole & Separate property in [redacted].
 06/04/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     C A   N/A No
426 [Redacted] [Redacted] [Redacted]   36629623     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing.       Reviewer Comment (2026-06-04): Received BPC. Condition cleared.


Buyer Comment (2026-06-03): Business purpose cert uploaded for review.
 06/04/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     C A   N/A No
429 [Redacted] [Redacted] [Redacted]   36640041     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   File is missing the Hazard insurance document       Reviewer Comment (2026-06-05): Received insurance policy. .Condition cleared.


Buyer Comment (2026-06-03): Hazard insurance documentation, updated 1008, 1003 and approval uploaded to trailing docs for review.
 06/05/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
429 [Redacted] [Redacted] [Redacted]   36640068     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   File is missing the Hazard insurance document       Reviewer Comment (2026-06-05): Received insurance policy. .Condition cleared.


Buyer Comment (2026-06-03): Hazard insurance documentation, updated 1008, 1003 and approval uploaded for review.
 06/05/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
431 [Redacted] [Redacted] [Redacted]   36637242     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   The note address is [redacted] however the  Hazard document [redacted]       Reviewer Comment (2026-06-05): received attestation.  Condition cleared.


Buyer Comment (2026-06-04): Processor's cert regarding insurance uploaded for review.
 06/05/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
431 [Redacted] [Redacted] [Redacted]   36637252     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - AThe note address is [redacted] however the appraisal document [redacted].       Reviewer Comment (2026-06-05): received attestation.  Condition cleared.


Buyer Comment (2026-06-03): The subject address is taken from the Title report. The Title report APN number matches that on the Appraisal, would not require an updated appraisal report.
 06/05/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No