EXHIBIT 99.7
Clarifii rating agency grades detail report
| Redaction ID | Loan ID | Seller Loan ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| 1129440 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | FCOM1227 | 2026-05-06 16:25 | 2026-05-12 12:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | PUD Rider is Missing | Resolved-Received executed PUD Rider - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. - Seller-05/08/2026 Open-PUD Rider is Missing Missing PUD Rider - Due Diligence Vendor-05/06/2026 |
Ready for Review-Document Uploaded. - Seller-05/08/2026 |
Resolved-Received executed PUD Rider - Due Diligence Vendor-05/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 761 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.089 Required is 0.75 Borrower has 1.089 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9071438 | ||
| 1135875 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2026-05-12 13:32 | 2026-05-14 12:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received Closing Detail Statement Document , matches XX - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. - Seller-05/12/2026 Open-File contains only a non-executed estimated closing statement. Additional conditions may apply, pending review. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. - Seller-05/12/2026 |
Resolved-Received Closing Detail Statement Document , matches XXXX- Due Diligence Vendor-05/14/2026 |
DSCR % greater than 1.20 - DSCR minimum is 1, borrower has 1.208 LTV is less than guideline maximum - Required is 75 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 737 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9156326 | ||
| 1137444 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1138433 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| 1142229 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-05-19 17:00 | 2026-05-29 11:42 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted, waiver applied with comp factors. Deemed non material due to currently owns and operates investment property own free and clear with rent free letter in file. - Due Diligence Vendor-05/29/2026 Ready for Review-Document Uploaded. please see approved exception attached. Should have been last document in original delivery package - Seller-05/27/2026 Open-Housing History Does Not Meet Guideline Requirements Missing Housing History per 1008 Borrower living rent free but documentation were uploaded, and no open/active mortgage found on credit report, Loan need documentation an exception, as FTHB Rent Free are ineligible. - Due Diligence Vendor-05/19/2026 |
Ready for Review-Document Uploaded. please see approved exception attached. Should have been last document in original delivery package - Seller-05/27/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non material due to currently owns and operates investment property own free and clear with rent free letter in file. - Due Diligence Vendor-05/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 775 LTV is less than guideline maximum - Required is 70 Borrower has 65 |
DSCR is 1.14 landlord experience |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 9286469 | |
| 1148891 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1152348 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| 1159236 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-05-26 17:09 | 2026-06-05 16:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-After further review, the guides were corrected and no reserves are required. - Due Diligence Vendor-06/05/2026 Counter-Received Snip of guideline. Borrower First time investor that require 12 months reserves. Finding remains. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. please see attached - Seller-06/02/2026 Open-Audited Reserves of 4.48 month(s) are less than Guideline Required Reserves of 12 month(s) Please provide additional asset documentation to cover reserves requirement of 12 months. - Due Diligence Vendor-05/27/2026 |
Ready for Review-Document Uploaded. please see attached - Seller-06/02/2026 |
Resolved-After further review, the guides were corrected and no reserves are required. - Due Diligence Vendor-06/05/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 41.62 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 809 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9382467 | ||
| 1166449 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1167345 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6666 | 2026-05-28 06:40 | 2026-06-08 09:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Secondary Valuation product is dated prior to the Appraisal date | Resolved-Received CDA, All Additional valuation products were completed on or after the Primary Valuation product date - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. please see attached - Seller-06/02/2026 Open-One or more of the additional valuation products were completed prior to the Primary Valuation product date. Loan file is absent Secondary review for 1025 Appraisal completed on XXXX. - Due Diligence Vendor-05/28/2026 |
Ready for Review-Document Uploaded. please see attached - Seller-06/02/2026 |
Resolved-Received CDA, All Additional valuation products were completed on or after the Primary Valuation product date - Due Diligence Vendor-06/04/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 64.99 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9417164 | ||
| 1171627 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| 1176756 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0197 | 2026-05-29 16:23 | 2026-06-03 13:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received final seller settlement statement - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. - Seller-06/01/2026 Open-The Final SELLER CD/HUD is missing. - Due Diligence Vendor-05/29/2026 |
Ready for Review-Document Uploaded. - Seller-06/01/2026 |
Resolved-Received final seller settlement statement - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 765 Required is 700 Borrower has 765 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.024 Required is 0.75 Borrower has 1.024 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9460477 | ||
| 1177063 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 1177776 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 1178940 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| 1179461 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1179914 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1197 | 2026-06-03 11:54 | 2026-06-03 13:14 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/03/2026 Open-Audited FICO of 689 is less than Guideline FICO of 700 EXCEPTION in file for LTV of 75% with 689 vs 700 score - Due Diligence Vendor-06/03/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/03/2026 |
On time mortgage history exceeds guideline requirement - 0x30x24 Months Reserves exceed minimum required - 42.44 months of reserves exceeds the 3 months minimum required. |
> 1 year as real estate investor 0x30x24+ |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9535392 | ||||
| 1181064 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1181167 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0025 | 2026-06-02 13:01 | 2026-06-15 12:24 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower is party to a lawsuit according to the 1003 declaration | Resolved-Received LOE regarding child support. Credit and title are clear. - Due Diligence Vendor-06/15/2026 Ready for Review-Document Uploaded. Submitted borrower LOE for review. - Seller-06/11/2026 Open-Borrower is party to a lawsuit according to the 1003 declarations. ----- - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Submitted borrower LOE for review. - Seller-06/11/2026 |
Resolved-Received LOE regarding child support. Credit and title are clear. - Due Diligence Vendor-06/15/2026 |
Long term residence - Borrower owns home 10 years. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 817 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9509248 | |||
| 1181272 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1181635 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1181653 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1182005 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1183866 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1183886 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-05 04:22 | 2026-06-11 17:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Borrower is current according to guidelines - Due Diligence Vendor-06/11/2026 Counter-The loan file contains sufficient housing history, current through close. The credit report reflects a mortgage for the Primary residence with a last active date of XXXX. Please provide the payment history from XXXX for the primary residence. - Due Diligence Vendor-06/11/2026 Ready for Review-The XXXX statement was provided in the initial shipping package which can be viewed under your Document tab page 378, which reflects that the mortgage is current for the subject property due for XXXX. Additionally, the guidelines state "Housing history applies to all mortgages reporting on credit. If primary or subject property are not reported on credit, a VOM is required and subject to Housing History guides.", which is for the Subject and Primary property only. The XXXX Mortgage is tied to XXXX which is an Investment property, guidelines state "Housing history required for Primary and subject property refi. Other REO, not reported on credit, no mortgage rating required o Although not required, if appearing on credit report, housing delinquencies can’t be ignored and must satisfy the 12-month lookback rules above", there are no delinquencies reporting so nothing additional is required. Moreover, the guidelines also denote "Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.". Please Escalate. - Seller-06/09/2026 Counter-Please provide documentation to support Subject and XXXX are paid current through closing. - Due Diligence Vendor-06/08/2026 Ready for Review-Per guidelines section 5.3 Housing History "Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.", open and active mortgages are reporting for a minimum of 12 months satisfying the housing history requirement as noted in the guidelines above, nothing further is required. - Seller-06/05/2026 Open-Housing History Does Not Meet Guideline Requirements 1. Missing evidence of the XXXX payments for primary mortgage (XXXX). Date last reported is XXXX. Guideline Section 5.3 allows for a 1x30x12 payment history. Additional findings may apply. 2. Missing evidence of the XXXX mortgage to meet 1x30x12 requirement of Guideline Section 5.4 that notes that housing history applies to all mortgages reporting on credit. Additional findings may apply. - Due Diligence Vendor-06/05/2026 |
Ready for Review-The XXXX mortgage statement was provided in the initial shipping package which can be viewed under your Document tab page 378, which reflects that the mortgage is current for the subject property due for XXXX. Additionally, the guidelines state "Housing history applies to all mortgages reporting on credit. If primary or subject property are not reported on credit, a VOM is required and subject to Housing History guides.", which is for the Subject and Primary property only. The XXXX Mortgage is tied to XXXX which is an Investment property, guidelines state "Housing history required for Primary and subject property refi. Other REO, not reported on credit, no mortgage rating required o Although not required, if appearing on credit report, housing delinquencies can’t be ignored and must satisfy the 12-month lookback rules above", there are no delinquencies reporting so nothing additional is required. Moreover, the guidelines also denote "Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.". Please Escalate. - Seller-06/09/2026 Ready for Review-Per guidelines section 5.3 Housing History "Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.", open and active mortgages are reporting for a minimum of 12 months satisfying the housing history requirement as noted in the guidelines above, nothing further is required. - Seller-06/05/2026 |
Resolved-Borrower is current according to guidelines - Due Diligence Vendor-06/11/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 806 Months Reserves exceed minimum required - 8.59 months reserves and 6 months required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9573173 | ||||
| 1184264 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1151 | 2026-06-05 09:49 | 2026-06-10 11:28 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received confirmation only 12 month chain required - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Submitted Excerpt of XXXX Ops Manual supporting 12-month chain requirement. - Seller-06/08/2026 Counter-Guideline requirements are silent for chain of Title. Please provide a 24 month chain of Title. - Due Diligence Vendor-06/08/2026 Ready for Review-Fraud Report in your portal under page 313 reflects the subject being purchased on XXXX. Deed at closing shows XXXX deeding to the current vested entity XXXX. XXXX policy requires only a 12-month chain of ownership which has been met. - Seller-06/05/2026 Open-Unsatisfactory Chain of Title provided. Two deeds recorded in the past 24 months (not including subject). Only copy of one deed was provided ending XXXX, missing copy of deed ending XXXX - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Submitted Excerpt of XXXX Ops Manual supporting 12-month chain requirement. - Seller-06/08/2026 Ready for Review-Fraud Report in your portal under page 313 reflects the subject being purchased on XXXX. Deed at closing showsXXXX deeding to the current vested entity XXXX. XXXX policy requires only a 12-month chain of ownership which has been met. - Seller-06/05/2026 |
Resolved-Received confirmation only 12 month chain required - Due Diligence Vendor-06/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 806 Required is 700 Borrower has 806 LTV is less than guideline maximum - Maximum LTV is 75%; Borrower LTV is 58.55% Required is 75 Borrower has 58.55 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9578266 | |||
| 1184741 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-06-05 10:19 | 2026-06-12 15:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material due to evidence REO paid as agreed. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Submitted post-closing lender exception for review. - Seller-06/11/2026 Counter-Received rebuttal. Please provide acceptable VOR meeting guidelines 5.3 for borrower previous primary XXXX rent $6500 per month to complete 12 month primary housing validation. - Due Diligence Vendor-06/09/2026 Ready for Review-Prior rented residences were paid via cash. Section 5.3 of guidelines under “No Open and Active Mortgages Reporting” allows for evidence property taxes current on Free and Clear properties. Property Tax documentation for XXXX under pages 113 and 114, LOE Email under page 287, and Settlement Stmt under page 528 were provided to support taxes current for XXXX, and through closing via Settlement Stmt. - Seller-06/08/2026 Open-Housing History Does Not Meet Guideline Requirements The most recent 12 months of housing history is required. While the Borrower currently lives rent free for a total of 1 month that's been verified, there is no verification of rent for the previous primary the Borrower rented at in XXXX for $6,500 per month. - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Submitted post-closing lender exception for review. - Seller-06/11/2026 Ready for Review-Prior rented residences were paid via cash. Section 5.3 of guidelines under “No Open and Active Mortgages Reporting” allows for evidence property taxes current on Free and Clear properties. Property Tax documentation for XXXX under pages 113 and 114, LOE Email under page 287, and Settlement Stmt under page 528 were provided to support taxes current for XXXX, and through closing via Settlement Stmt. - Seller-06/08/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material due to evidence REO paid as agreed. - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 808 LTV is less than guideline maximum - Required is 80 Borrower has 20.8 |
FICO 20+n points higher than required. LTV 10% lower than max allowable. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 9578901 | ||
| 1184742 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1185743 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1186189 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-08 09:04 | 2026-06-10 12:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Both mortgages current at time of application XXXX per credit report - Due Diligence Vendor-06/10/2026 Counter-Received rebuttal. Missing initial application date to confirm mortgages paid current through application or proof both mortgage paid through XXXX as required in guideline 5.3 . File contains final application, Lock both dated XXXX. - Due Diligence Vendor-06/09/2026 Ready for Review-Loan was underwritten to XXXX guidelines. Section 5.3 under Incomplete Housing History is met with borrower’s credit report reflecting XXXX Mortgage reporting for 99 months through XXXX and XXXX reporting 16 months through XXXX. - Seller-06/08/2026 Open-Housing History Does Not Meet Guideline Requirements All borrowers must be current on mortgage or rent at loan application. Application XXXX. Mortgages for primary last reported XXXX. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Loan was underwritten to XXXX guidelines. Section 5.3 under Incomplete Housing History is met with borrower’s credit report reflecting XXXX Mortgage reporting for 99 months through XXXX and XXXX reporting 16 months through XXXX. - Seller-06/08/2026 |
Resolved-Both mortgages current at time of application XXXX per credit report - Due Diligence Vendor-06/10/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 71.88 DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.75 Borrower has 1.376 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 759 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9603353 | ||||
| 1186190 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1186250 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1186390 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0082 | 2026-06-09 08:05 | 2026-06-09 08:08 | Waived | 2 - Non-Material | C | B | Credit | Title | Vested Owner Signature Requirement Not met | Waived-Originator exception granted to allow 3 layered entity. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/09/2026 Open-Vested Owner Signature Requirement Not met. Per guidelines up to two entities allowed and the subject has 3 layered entities vested. - Due Diligence Vendor-06/09/2026 |
Waived-Originator exception granted to allow 3 layered entity. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/09/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 58.41 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.001 Required is 0.75 Borrower has 1.001 |
Borrower is seasoned investor owning subject property for over 2 years per title. LTV required is 75 Borrower has 58.41 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9626550 | ||||
| 1186839 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1182 | 2026-06-08 15:39 | 2026-06-23 12:54 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received 1008 - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. please review attached - Seller-06/15/2026 Counter-Received 1008, please correct Appraised Value to match Appraisal and provide page 2 of 1008 for UW Notes per page 1 - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. - Seller-06/11/2026 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. please review attached - Seller-06/15/2026 Ready for Review-Document Uploaded. - Seller-06/11/2026 |
Resolved-Received 1008 - Due Diligence Vendor-06/17/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 14.45 Required is 50 Borrower has 14.45 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783 Required is 680 Borrower has 783 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9614904 | ||
| 1186839 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0075 | 2026-06-05 09:57 | 2026-06-17 12:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration | Resolved-Received corrected final 1003 confirming no co signed obligation. - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. Application marked incorrect. Borrower refer to REO properties already identified in loan. - Seller-06/15/2026 Open-CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration. Per Final 1003 reflects co-signor on a debt. letter of explanation not located in a file. - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Application marked incorrect. Borrower refer to REO properties already identified in loan. - Seller-06/15/2026 |
Resolved-Received corrected final 1003 confirming no co signed obligation. - Due Diligence Vendor-06/17/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 14.45 Required is 50 Borrower has 14.45 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783 Required is 680 Borrower has 783 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9578388 | ||
| 1186865 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1186870 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1186871 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1186881 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE6618 | 2026-06-10 16:31 | 2026-06-17 12:01 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Received corrected 1003 reflecting previous employment for co borrower. - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. attached - Seller-06/15/2026 Open-Co-borrower has less than 2 years employment history on the 1003. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. attached - Seller-06/15/2026 |
Resolved-Received corrected 1003 reflecting previous employment for co borrower. - Due Diligence Vendor-06/17/2026 |
Months Reserves exceed minimum required - Reserves: 51 Min 3 Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $36,091.99 Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.35 Required is 50 Borrower has 42.35 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 727 Required is 680 Borrower has 727 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 9669808 | ||
| 1186881 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2026-06-09 09:31 | 2026-06-17 11:40 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. please see attached - Seller-06/15/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. please see attached - Seller-06/15/2026 |
Resolved-Title Coverage Amount of XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-06/17/2026 |
Months Reserves exceed minimum required - Reserves: 51 Min 3 Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $36,091.99 Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.35 Required is 50 Borrower has 42.35 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 727 Required is 680 Borrower has 727 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 9627632 | ||
| 1186971 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-06-08 13:47 | 2026-06-10 14:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Upon further review, No reserves are required. Audited Reserves of 1.34 month(s) are greater than or equal to Guideline Required Reserves of 0 month(s) - Due Diligence Vendor-06/10/2026 Ready for Review-This is a purchase transaction loan amount of DSCR is 1.425%, XXXX with LTV of 41.693%, per guidelines section 9 Reserves "=/<$1.5MM and =/<70% LTV – No reserves", reserves are not required for this loan. - Seller-06/08/2026 Open-Audited Reserves of 1.34 month(s) are less than Guideline Required Reserves of 3 month(s) Unable to document sufficient funds. - Due Diligence Vendor-06/08/2026 |
Ready for Review-This is a purchase transaction loan amount of DSCR is 1.425%, XXXX with LTV of 41.693%, per guidelines section 9 Reserves "=/<$1.5MM and =/<70% LTV – No reserves", reserves are not required for this loan. - Seller-06/08/2026 |
Resolved-Upon further review, No reserves are required. Audited Reserves of 1.34 month(s) are greater than or equal to Guideline Required Reserves of 0 month(s) - Due Diligence Vendor-06/10/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 41.69 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9611692 | ||||
| 1186980 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1187123 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1187224 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1187697 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1161 | 2026-06-09 07:07 | 2026-06-12 10:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received Flood Certificate - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Flood Cert uploaded for review. - Seller-06/09/2026 Open-Missing Flood Certificate Additional findings may apply. Appraisal notes Zone XXXX. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Flood Cert uploaded for review. - Seller-06/09/2026 |
Resolved-Received Flood Certificate - Due Diligence Vendor-06/12/2026 |
Months Reserves exceed minimum required - 15.68 months reserves and 3 months required. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 Required is 680 Borrower has 749 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9624598 | |||
| 1187892 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1187914 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1188007 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1189878 | XXXX | C | A | A | A | A | A | C | A | Closed | FPRO1136 | 2026-06-09 13:51 | 2026-06-11 15:49 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Upon further review, alternate documents were provided. Repairs have been performed. - Due Diligence Vendor-06/11/2026 Ready for Review-The Borrowers Attestation (Document tab page 443), Processor Cert (Document tab page 556) and photos of repairs (Document tab pages 607 - 614) were provided in lieu of the 1004D report which is permissible per XXXX, and therefore acceptable to XXXX. - Seller-06/10/2026 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present - Due Diligence Vendor-06/09/2026 |
Ready for Review-The Borrowers Attestation (Document tab page 443), Processor Cert (Document tab page 556) and photos of repairs (Document tab pages 607 - 614) were provided in lieu of the 1004D report which is permissible per XXXX, and therefore acceptable to XXXX. - Seller-06/10/2026 |
Resolved-Upon further review, alternate documents were provided. Repairs have been performed. - Due Diligence Vendor-06/11/2026 |
Long term residence - Borrower has been at primary residence for over 3 years. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 753 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9634183 | ||||
| 1190829 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1191958 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||||
| 1191960 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1191961 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE5778 | 2026-06-11 09:26 | 2026-06-16 13:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Waived to non-material with comp factors. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Approved credit exception uploaded for review. - Seller-06/12/2026 Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). Credit report at XXXX days. Per guidelines: A 10-calendar day variance over the stated age of documents is allowed to accommodate closings (with the exception of appraisals). Per 1008 Management approved 1 extra day but not exception or management approval was provided. - Due Diligence Vendor-06/11/2026 |
Ready for Review-Document Uploaded. Approved credit exception uploaded for review. - Seller-06/12/2026 |
Waived-Waived to non-material with comp factors. - Due Diligence Vendor-06/16/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 30.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 751 |
Score for grading is 751, min required is 660, the calculated LTV is 30.88%, guideline max allowed is 75%. | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9686056 | ||
| 1191974 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1480 | 2026-06-12 10:07 | 2026-06-12 10:09 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Waived-Originator waiver applied to non-material finding with compensating factors. Exception for 30 day asset statement instead of 60 days. - Due Diligence Vendor-06/12/2026 Open-Asset Record 2 Does Not Meet G/L Requirements - Due Diligence Vendor-06/12/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors. Exception for 30 day asset statement instead of 60 days. - Due Diligence Vendor-06/12/2026 |
Months Reserves exceed minimum required - 6 months required - 10.22 have months DSCR % greater than 1.20 - 1.252 DSCR |
10 months of reserves 1.251 DSCR |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 9715918 | ||||
| 1192138 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1192165 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1192527 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-11 13:30 | 2026-06-15 16:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation completing with incomplete housing history for primary. VOR not required as mortgages rating on credit report for over 12 months and meet guidelines 5.3 - Due Diligence Vendor-06/15/2026 Ready for Review-Per the 1008 "Primary shows renting. Confirmed a valid address and shows on credit report. Ok to allow w/o verification since credit support 4 other mortgage histories.", this is permissible per guidelines section 5.3 which state "Rent Free or Incomplete housing history Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.". - Seller-06/12/2026 Open-Housing History Does Not Meet Guideline Requirements Provide Twelve months of proof of $1000 rental payment through cancelled checks, bank debits highlighted on statements, or institutional Verification of Rent for primary residence to satisfy housing history. Additional findings may apply. - Due Diligence Vendor-06/11/2026 |
Ready for Review-Per the 1008 "Primary shows renting. Confirmed a valid address and shows on credit report. Ok to allow w/o verification since credit support 4 other mortgage histories.", this is permissible per guidelines section 5.3 which state "Rent Free or Incomplete housing history Open and active mortgage(s) reporting on initial credit for minimum 12 months is permitted to satisfy housing history. A minimum 12 months previous mortgage history reporting on initial credit within the last 12 months is permitted to satisfy housing history.". - Seller-06/12/2026 |
Resolved-Received confirmation completing with incomplete housing history for primary. VOR not required as mortgages rating on credit report for over 12 months and meet guidelines 5.3 - Due Diligence Vendor-06/15/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 70 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.182 Required is 0.75 Borrower has 1.182 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 788 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9697180 | ||||
| 1194616 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE2244 | 2026-06-15 12:52 | 2026-06-15 12:55 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Waived-Originator waiver in file with comp factors. Subject is a 3 family, unit 3 is 348 sq ft but deemed non-material as other 2 units exceed min requirement - Due Diligence Vendor-06/15/2026 Open-Unit XXXX is XXXX sq ft, per guidelines minimum sq ft is 500. - Due Diligence Vendor-06/15/2026 |
Waived-Originator waiver in file with comp factors. Subject is a 3 family, unit XXXX is XXXX sq ft but deemed non-material as other 2 units exceed min requirement - Due Diligence Vendor-06/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 776 Months Reserves exceed minimum required - Minm 9, Borrower has 21.97 |
776 credit score 14 months reserves 72 months mortgage history |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 9749528 | ||||
| 1194617 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1248 | 2026-06-11 17:51 | 2026-06-12 00:21 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/12/2026 Open-Non-Arm's Length Transactions Not Allowed for Program Lender exception to allow for a Non-Arms Length transaction, as the Selling Agent owns the XXXX company. - Due Diligence Vendor-06/11/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 792 LTV is less than guideline maximum - Required is 80 Borrower has 53.69 Months Reserves exceed minimum required - 106 months reserves, none required |
FICO 792 Low LTV 14 year mortgage hist 87 months reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 9704037 | ||||
| 1196049 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1196124 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1196485 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE7375 | 2026-06-15 06:50 | 2026-06-22 12:37 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Citizenship Does Not Meet Guideline Requirements | Waived-Originator waiver applied to non-material finding with compensating factors- to allow EAD card with XXXX, originator used new guidelines instead at time of review - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Submitted Lender Exception for review. - Seller-06/18/2026 Counter-Received confirmation XXXX guidelines reflect EAD XXXX as acceptable. Guidelines 1.1.26 are considered, based on lock date of XXXX. Guideline 3.2.2 does not allow for EAD. Exception required. - Due Diligence Vendor-06/17/2026 Ready for Review-Guidelines updated on XXXX, section 3.2.2, permits borrowers with an unexpired EAD card with a Category XXXX to only require an EAD with no Visa requirement and with pipeline loans being eligible to take advantage. - Seller-06/15/2026 Open-Borrower is a non-permanent resident. Guidelines state copies of the borrower’s valid passport and unexpired VISA permitting lawful entry into the United States is required. The file contains only an Employment Autorization Card. Additional findings may apply. - Due Diligence Vendor-06/15/2026 |
Ready for Review-Document Uploaded. Submitted Lender Exception for review. - Seller-06/18/2026 Ready for Review-Guidelines updated on XXXX, section 3.2.2, permits borrowers with an unexpired EAD card with a Category XXXX to only require an EAD with no Visa requirement and with pipeline loans being eligible to take advantage. - Seller-06/15/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors- to allow EAD card with XXXX, originator used new guidelines instead at time of review - Due Diligence Vendor-06/22/2026 |
Months Reserves exceed minimum required - 6 months reserves required for rent loss coverage/ Borrower reserves > 89 months. DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.112 Required is 0.75 Borrower has 1.112 |
Experienced investor LTV 68.47% Reserves are 89 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9741126 | ||
| 1196504 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1196505 | XXXX | B | B | B | B | A | A | A | A | Closed | FCRE1440 | 2026-06-15 08:37 | 2026-06-15 13:35 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/15/2026 Open-Housing History Does Not Meet Guideline Requirements Exception Approved: Primary payment history not provided. Borrower Lives Rent Free., Unable to provide RFL. Have VOM for Subject - Due Diligence Vendor-06/15/2026 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 709 Required is 620 Borrower has 709 LTV is less than guideline maximum - Required is 60 Borrower has 48.86 Required is 60 Borrower has 48.86 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.219 Required is 0.75 Borrower has 1.219 |
-FICO 20+ points -LTV 10% below max -Reserves > 6 months minimum - > 1 year as real estate investor |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9742515 | ||||
| 1196506 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0113 | 2026-06-15 08:25 | 2026-06-16 16:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Received correct 1008 and approval. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Updated 1008 and approval uploaded for review. - Seller-06/15/2026 Open-Appraisal shows value XXXX but 1008 shows XXXX. Please provide correct 1008 - Due Diligence Vendor-06/15/2026 |
Ready for Review-Document Uploaded. Updated 1008 and approval uploaded for review. - Seller-06/15/2026 |
Resolved-Received correct 1008 and approval. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 817 Required is 700 Borrower has 817 LTV is less than guideline maximum - Required is 70 Borrower has 54.84 Required is 70 Borrower has 54.84 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9742351 | |||
| 1196767 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1196768 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1197951 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1198959 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7011 | 2026-06-15 16:27 | 2026-06-18 12:46 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-2 separate policies in place, both have rent loss coverage. Rent Loss Coverage is Sufficient - Due Diligence Vendor-06/18/2026 Ready for Review-Both HOI documents can be found under the Documents tab page 454 is the dec page for the Main dwelling XXXX coverage and rent loss of XXXX, whereas the ADU is page 453 XXXX coverage and rent loss of XXXX, please advise. - Seller-06/16/2026 Open-Rent Loss Coverage is Insufficient or Missing., Once full insurance policy provided, rent loss to be updated, (only HOI for guest house was provided) Additional findings may apply. - Due Diligence Vendor-06/15/2026 |
Ready for Review-Both HOI documents can be found under the Documents tab page 454 is the dec page for the Main dwelling XXXX coverage and rent loss of XXXX, whereas the ADU is page 453 XXXX coverage and rent loss of XXXX, please advise. - Seller-06/16/2026 |
Resolved-2 separate policies in place, both have rent loss coverage. Rent Loss Coverage is Sufficient - Due Diligence Vendor-06/18/2026 |
Long term residence - Borrower has been at primary residence for 3 years. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 741 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9754301 | ||||
| 1198959 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-06-15 16:27 | 2026-06-18 12:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received policies, borrower has separate policy for ADU. Hazard Insurance Policy - Due Diligence Vendor-06/18/2026 Ready for Review-Both HOI documents can be found under the Documents tab page 454 is the dec page for the Main dwelling XXXX coverage and rent loss of XXXX, whereas the ADU is page 453 XXXX coverage and rent loss of XXXX, please advise. - Seller-06/16/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Provide insurance policy for main property, only insurance policy for guest suite provided, additional findings may apply. - Due Diligence Vendor-06/15/2026 |
Ready for Review-Both HOI documents can be found under the Documents tab page 454 is the dec page for the Main dwelling XXXX coverage and rent loss of XXXX, whereas the ADU is page 453 XXXX coverage and rent loss of XXXX, please advise. - Seller-06/16/2026 |
Resolved-Received policies, borrower has separate policy for ADU. Hazard Insurance Policy - Due Diligence Vendor-06/18/2026 |
Long term residence - Borrower has been at primary residence for 3 years. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 741 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9754302 | ||||
| 1198960 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1199669 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-16 14:51 | 2026-06-17 10:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Review Condition for housing, Lender did provided a satisfactory payment housing history for primary residence which deemed acceptable. - Due Diligence Vendor-06/17/2026 Ready for Review-The borrowers primary residence documentation was provided in the initial shipping package which can be viewed in your portal under the Document tab, Lease page 146 - 158, proof of rental payments provided via XXXX Statement page 355 - 359, LOE 360 and XXXX Transaction History page 361 - 363. - Seller-06/16/2026 Open-Housing History Does Not Meet Guideline Requirements Provide 12 months verification of rent for primary residence. Additional findings may apply. - Due Diligence Vendor-06/16/2026 |
Ready for Review-The borrowers primary residence documentation was provided in the initial shipping package which can be viewed in your portal under the Document tab, Lease page 146 - 158, proof of rental payments provided via XXXX Statement page 355 - 359, LOE 360 and XXXX Transaction History page 361 - 363. - Seller-06/16/2026 |
Resolved-Review Condition for housing, Lender did provided a satisfactory payment housing history for primary residence which deemed acceptable. - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 807 Months Reserves exceed minimum required - 6 months reserves required, borrower has 20 months. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9773990 | ||||
| 1199704 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1201072 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1201073 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2026-06-17 22:59 | 2026-06-22 16:50 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Upon further review, non borrowing spouse assets are acceptable and not considered gift. - Due Diligence Vendor-06/22/2026 Ready for Review-Per guidelines section 8 "Non borrowing title holders or members of an LLC or entity contributing assets are not considered a gift.", assets from a non borrowing title holder are permissible to use for funds to close and reserves, the XXXX account can be utilized. In addition to the XXXX account, the XXXX account was also used to qualify as noted on the final 1003. The documentation can be located in your portal under the Document tab staring on page 165 is the XXXX transaction history and starting on page 155 is the full statement ending XXXX. - Seller-06/18/2026 Open-Total Qualified Assets Post-Close amount is '$-52879.77'. Assets are Insufficient.. XXXX only in Non Borrowing Spouses Name. Provide additional assets, or documentation of a joint account, additional findings may apply - Due Diligence Vendor-06/18/2026 |
Ready for Review-Per guidelines section 8 "Non borrowing title holders or members of an LLC or entity contributing assets are not considered a gift.", assets from a non borrowing title holder are permissible to use for funds to close and reserves, the XXXX account can be utilized. In addition to the XXXX account, the XXXX account was also used to qualify as noted on the final 1003. The documentation can be located in your portal under the Document tab staring on page 165 is the XXXX transaction history and starting on page 155 is the full statement ending XXXX. - Seller-06/18/2026 |
Resolved-Upon further review, non borrowing spouse assets are acceptable and not considered gift. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 736 LTV is less than guideline maximum - Required is 80 Borrower has 69.95 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9808042 | ||||
| 1201075 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2026-06-15 12:45 | 2026-06-22 11:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received final settlement statement. - Due Diligence Vendor-06/22/2026 Ready for Review-The Final Settlement Stmt was included in the initial shipping package and is located in your portal under pages 539 and 540. DSCR transaction require only a Closing Statement or ALTA Settlement Statement, not a Closing Disclosure form. - Seller-06/18/2026 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Final CD is missing from the loan doc. Please provide. - Due Diligence Vendor-06/15/2026 |
Ready for Review-The Final Settlement Stmt was included in the initial shipping package and is located in your portal under pages 539 and 540. DSCR transaction require only a Closing Statement or ALTA Settlement Statement, not a Closing Disclosure form. - Seller-06/18/2026 |
Resolved-Received final settlement statement. - Due Diligence Vendor-06/22/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 780 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.229 Required is 0.75 Borrower has 1.229 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9749399 | ||||
| 1201626 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2026-06-17 11:07 | 2026-06-22 08:25 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received revised commitment reflecting proposed insurance amount. XXXX - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Title report uploaded for review. - Seller-06/18/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide Title Documents with correct coverage amount XXXX - Due Diligence Vendor-06/17/2026 |
Ready for Review-Document Uploaded. Title report uploaded for review. - Seller-06/18/2026 |
Resolved-Received revised commitment reflecting proposed insurance amount. XXXX - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 786 Required is 660 Borrower has 786 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.01 Required is 0 Borrower has 1.01 LTV is less than guideline maximum - Required is 85 Borrower has 80 Required is 85 Borrower has 80 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 9791614 | |||
| 1201830 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1202364 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 1202529 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1203267 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1203881 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1207634 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE5778 | 2026-06-18 12:33 | 2026-06-22 08:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower 1 Credit Report is Expired | Resolved-Received guideline excerpt, verified 2.9 Age of Documents reflects :" A 10-calendar day variance over the stated age of documents is allowed to accommodate closings" - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. XXXX policy under Age of Documents allows for a ten (10) calendar day variance from the expired date is allowed to accommodate closings on all documents except for the Appraisal. - Seller-06/18/2026 Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). Cred Exp(as per guide, valid up to 120 days) - Due Diligence Vendor-06/18/2026 |
Ready for Review-Document Uploaded. CEL policy under Age of Documents allows for a ten (10) calendar day variance from the expired date is allowed to accommodate closings on all documents except for the Appraisal. - Seller-06/18/2026 |
Resolved-Received guideline excerpt, verified 2.9 Age of Documents reflects :" A 10-calendar day variance over the stated age of documents is allowed to accommodate closings" - Due Diligence Vendor-06/22/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.004 Required is 0.75 Borrower has 1.004 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 682 Required is 620 Borrower has 682 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 9822788 | |||
| 1207634 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-06-18 12:33 | 2026-06-18 13:21 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/18/2026 Open-Housing History Does Not Meet Guideline Requirements Lender Exception approved on file: less than 6 months seasoning - Due Diligence Vendor-06/18/2026 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/18/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.004 Required is 0.75 Borrower has 1.004 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 682 Required is 620 Borrower has 682 |
FICO Rsrvs |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 9822787 | ||||
| 1208585 | XXXX | A | A | A | A | A | A | A | A | Closed | FCRE5778 | 2026-06-19 07:37 | 2026-06-23 13:52 | Resolved | 1 - Information | A | A | Credit | Eligibility | Borrower 1 Credit Report is Expired | Resolved-Upon further review, guidelines allow a 10-calendar day variance is allowed to accommodate closings. - Due Diligence Vendor-06/23/2026 Ready for Review-The credit report is dated XXXX, note date is XXXX representing 128 days, per section 2.9 Age of Documents, last bullet point "A 10-calendar day variance over the stated age of documents is allowed to accommodate closings", the credit report is acceptable per guidelines, nothing additional is required. - Seller-06/22/2026 Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). As per guides: Credit report must be dated no more than 120 days prior to the note date - Due Diligence Vendor-06/19/2026 |
Ready for Review-The credit report is dated XXXX, note date is XXXX representing 128 days, per section 2.9 Age of Documents, last bullet point "A 10-calendar day variance over the stated age of documents is allowed to accommodate closings", the credit report is acceptable per guidelines, nothing additional is required. - Seller-06/22/2026 |
Resolved-Upon further review, guidelines allow a 10-calendar day variance is allowed to accommodate closings. - Due Diligence Vendor-06/23/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.214 Required is 0.75 Borrower has 1.214 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 810 Required is 620 Borrower has 810 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 9840343 | ||||
| 1209127 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1209851 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||||
| 1209854 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1212570 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||||
| 1212813 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |