| Loan ID | Redaction 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 |
| XXXX | 1 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-10-02 10:38 | 2025-10-03 13:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing history provided. - Due Diligence Vendor-10/03/2025 Ready for Review-Document Uploaded. 8/1/2024 to 8/1/2025 is 13 months - Seller-10/02/2025 Open-Housing History Does Not Meet Guideline Requirements Missing full 12 months rental history. - Due Diligence Vendor-10/02/2025 |
Ready for Review-Document Uploaded. 8/1/2024 to 8/1/2025 is 13 months - Seller-10/02/2025 |
Resolved-Housing history provided. - Due Diligence Vendor-10/03/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.0839 Months Reserves exceed minimum required - 9.51 months reserves exceed required 6 by 3.51 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 5750211 | |
| XXXX | 1 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2025-10-02 10:41 | 2025-10-03 13:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-After further review, the DSCR is over 1 and the LTV no longer exceeds. - Due Diligence Vendor-10/03/2025 Ready for Review-DSCR > 1 - Seller-10/02/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 70% DSCR <1 maximum Cash out 70% with minimum 680 score. - Due Diligence Vendor-10/02/2025 |
Ready for Review-DSCR > 1 - Seller-10/02/2025 |
Resolved-After further review, the DSCR is over 1 and the LTV no longer exceeds. - Due Diligence Vendor-10/03/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.0839 Months Reserves exceed minimum required - 9.51 months reserves exceed required 6 by 3.51 months. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 5750306 | ||
| XXXX | 2 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-11-04 08:50 | 2025-12-01 14:01 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received marked up preliminary title from originator non borrower. - Due Diligence Vendor-12/01/2025 Ready for Review-Document Uploaded. - Seller-11/26/2025 Counter-Received title dated 3/12/25. - Due Diligence Vendor-11/20/2025 Ready for Review-Document Uploaded. - Seller-11/19/2025 Open-Property Title Issue Appears title has been completed by and marked up by the Borrower or someone similarly named. Provide updated title work without the influence of the borrower or evidence the Authorized Signor on title is not the same individual as the Borrower. Additional findings may apply. - Due Diligence Vendor-11/04/2025 |
Ready for Review-Document Uploaded. - Seller-11/26/2025 Ready for Review-Document Uploaded. - Seller-11/19/2025 |
Resolved-Received marked up preliminary title from originator non borrower. - Due Diligence Vendor-12/01/2025 |
LTV is less than guideline maximum - LTV 54.87% max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743 minimum score 680. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6112295 | |
| XXXX | 2 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0082 | 2025-11-04 08:50 | 2025-11-20 16:44 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Received Articles of Organization, the person on the lease is the registered agent. - Due Diligence Vendor- 11/10/2025 Ready for Review-Document Uploaded. Attached is a copy of the Articles of Organization - reflected on there is the name of the registered agent, XXXX. The name of the landlord is the registered agent, XXXX. The registered agent has the ability to do day to day operations on behalf of the owner. - Seller-11/06/2025 Open-Vested Owner Signature Requirement Not met. Lease extension is executed by an additional member/manager for the vested owning entity but the Operating Agreement provided shows the borrower is the XXXX. Provide all amendments to the Operating Agreement to verify borrower's percentage of ownership. Additional findings may apply. - Due Diligence Vendor-11/04/2025 |
Ready for Review-Document Uploaded. Attached is a copy of the Articles of Organization - reflected on there is the name of the registered agent, XXXX. The name of the landlord is the registered agent, XXXX. The registered agent has the ability to do day to day operations on behalf of the owner. - Seller-11/06/2025 |
Resolved-Received Articles of Organization, the person on the lease is the registered agent. - Due Diligence Vendor-11/10/2025 |
LTV is less than guideline maximum - LTV 54.87% max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 743 minimum score 680. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6112296 | |
| XXXX | 2 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0108 | 2025-11-04 19:24 | 2025-11-10 09:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Fidelity Coverage not met | Resolved-Upon further review, XXXX Coverage is not required for Non-Warrantable Condo's. - Due Diligence Vendor-11/10/2025 Ready for Review-This project is a non-warrantable condo, obtaining fidelity coverage is not required. Please waive or clear - Seller-11/06/2025 Open-XXXX Coverage not met. For multifamily and condo projects, the XXXX/crime insurance must cover the maximum funds handled by the HOA or management agent at any time, or a minimum of three months of assessments/maintenance fees, whichever is less. The lender's XXXXCoverage calculator in the file reflects the minimum "total XXXX needed" is XXXX and per the Condo Insurance Poilcy the Crime/Employee Dishonesty limit is only XXXX. - Due Diligence Vendor-11/05/2025 |
Ready for Review-This project is a non-warrantable condo, obtaining XXXX coverage is not required. Please waive or clear - Seller-11/06/2025 |
Resolved-Upon further review, XXXX Coverage is not required for Non-Warrantable Condo's. - Due Diligence Vendor-11/10/2025 |
LTV is less than guideline maximum - LTV 54.87% max 80%. program - Qualifying score 743 minimum score 680. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6126578 | ||
| XXXX | 3 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 4 | 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 | Cash Out - Other | ||||||||||||||||||
| XXXX | 5 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM1353 | 2025-12-04 16:23 | 2025-12-05 06:55 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/04/2025 | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/04/2025 |
Qualifying DTI below maximum allowed - Borr DTI 36.61%. Per guides, maximum DTI 49.99%. Required is 49.99 Borrower has 36.61 LTV is less than guideline maximum - Borr LTV 75%. Per guides, maximum LTV 80%. Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 726. Per guide, a minimum score required 660. Required is 660 Borrower has 726 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 6492934 | |||
| XXXX | 6 | XXXX | D | A | A | A | D | A | A | A | Closed | FCOM5135 | 2025-12-08 14:25 | 2025-12-16 07:37 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Resolved------Received attestation of no affiliates - Due Diligence Vendor-12/16/2025 Ready for Review-Document Uploaded. please see attached lender attestation - Seller-12/14/2025 Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-12/08/2025 |
Ready for Review-Document Uploaded. please see attached lender attestation - Seller-12/14/2025 |
Resolved------Received attestation of no affiliates - Due Diligence Vendor-12/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 660 - actual FICO score is 660. Required is 660 Borrower has 686 LTV is less than guideline maximum - Maximum LTV allowed is 75% - actual LTV is 56. 82%. Required is 75 Borrower has 56.82 Qualifying DTI below maximum allowed - Maximum DTI allowed is 49.99% - actual DTI is 33.87%. Required is 49.99 Borrower has 33.87 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6534075 | |
| XXXX | 7 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM1353 | 2025-12-08 15:30 | 2025-12-08 15:30 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ----- ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/08/2025 |
Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ----- ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/08/2025 |
LTV is less than guideline maximum - Borr LTV 36.07%. Per guides, maximum LTV 80%. Required is 80 Borrower has 36.07 Qualifying DTI below maximum allowed - Borr DTI 28.02%. Per guides, maximum DTI 49.99%. Required is 49.99 Borrower has 28.02 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 816. Per guide, a minimum score required 660. Required is 660 Borrower has 816 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 6535443 | |||
| XXXX | 8 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-12-15 19:46 | 2025-12-29 10:49 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Updated credit provided, the housing histories are listed. - Due Diligence Vendor-12/29/2025 Ready for Review-Document Uploaded. Please see Credit Refresh - Seller-12/26/2025 Counter-Please provide 12 month payment history for 3h (XXXX), and 3j. - Due Diligence Vendor-12/24/2025 Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Counter-Received Title, CD, and Mortgage statement for XXXX. Taxes and insurance provided are not consistent with what is reflected on CD. Please confirm. - Due Diligence Vendor-12/22/2025 Ready for Review-Document Uploaded. please see atttached - Seller-12/19/2025 Counter-Received mtg stmnt and HOI. Missing proof of taxes for XXXX - Due Diligence Vendor-12/18/2025 Ready for Review-Document Uploaded. Please see attached for REO3J - XXXX, please clarify REO 3H, if the auditor meant XXXX, the MTG stmt is present in the Closing Package (also uploaded). - Seller-12/17/2025 Open-Housing History Does Not Meet Guideline Requirements Missing mortgage pay history for REO 3H and for REO 3J, including VOM. Both REOs are not reporting on credit reports in file. - Due Diligence Vendor-12/16/2025 |
Ready for Review-Document Uploaded. Please see Credit Refresh - Seller-12/26/2025 Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Ready for Review-Document Uploaded. please see atttached - Seller-12/19/2025 Ready for Review-Document Uploaded. Please see attached for REO3J - XXXX, please clarify REO 3H, if the auditor meant XXXX, the MTG stmt is present in the Closing Package (also uploaded). - Seller-12/17/2025 |
Resolved-Updated credit provided, the housing histories are listed. - Due Diligence Vendor-12/29/2025 |
LTV is less than guideline maximum - Borr LTV 70%. Per guides, maximum LTV 75%. Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 752. Per guide, a minimum score required 660. Required is 660 Borrower has 752 Months Reserves exceed minimum required - 21.05mos reserves. Per guides, 9 reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6634559 | |
| XXXX | 8 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1301 | 2025-12-15 20:23 | 2025-12-29 10:49 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 10 Months Income Verified is Missing | Resolved-PITI and lease provided for 3j. - Due Diligence Vendor-12/29/2025 Ready for Review-Document Uploaded. - Seller-12/25/2025 Counter-Lease agreement for 3j was not located in any of the uploads. We are ok with the PITI. - Due Diligence Vendor-12/24/2025 Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Counter-Received Title, CD, and Mortgage statement for XXXX. Taxes and insurance provided are not consistent with what is reflected on CD. Please confirm. - Due Diligence Vendor-12/22/2025 Ready for Review-please refer to the uploaded prelim for other conditions - Seller-12/19/2025 Counter-Received mtg stmnt and HOI. Missing proof of taxes for XXXX - Due Diligence Vendor-12/18/2025 Ready for Review-Document Uploaded. Lease agreement present in the attachment. - Seller-12/17/2025 Open-Income 10 Months Income Verified is Missing Missing REO 3J Lease for verification of calculated neg-rental income reflected on Final 1003. - Due Diligence Vendor-12/16/2025 |
Ready for Review-Document Uploaded. - Seller-12/25/2025 Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Ready for Review-please refer to the uploaded prelim for other conditions - Seller-12/19/2025 Ready for Review-Document Uploaded. Lease agreement present in the attachment. - Seller-12/17/2025 |
Resolved-PITI and lease provided for 3j. - Due Diligence Vendor-12/29/2025 |
LTV is less than guideline maximum - Borr LTV 70%. Per guides, maximum LTV 75%. Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 752. Per guide, a minimum score required 660. Required is 660 Borrower has 752 Months Reserves exceed minimum required - 21.05mos reserves. Per guides, 9 reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6634836 | |
| XXXX | 8 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-12-15 20:17 | 2025-12-24 16:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received sufficient REO documentation. - Due Diligence Vendor-12/24/2025 Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Counter-Received Title, CD, and Mortgage statement for XXXX. Taxes and insurance provided are not consistent with what is reflected on CD. Please confirm. - Due Diligence Vendor-12/22/2025 Ready for Review-please refer to the uploaded prelim for other conditions - Seller-12/19/2025 Counter-Received mtg stmnt and HOI. Missing proof of taxes for XXXX - Due Diligence Vendor-12/18/2025 Ready for Review-Document Uploaded. Please see attached - Seller-12/17/2025 Open-Missing verification of REO 3J insurance and/or HOA. - Due Diligence Vendor-12/16/2025 |
Ready for Review-This is a concurrent REO loan that has not yet been finalized. Since consummation has not occurred and only the Loan Estimate is available at this time, we respectfully request this condition be moved to post-closing. - Seller-12/23/2025 Ready for Review-please refer to the uploaded prelim for other conditions - Seller-12/19/2025 Ready for Review-Document Uploaded. Please see attached - Seller-12/17/2025 |
Resolved-Received sufficient REO documentation. - Due Diligence Vendor-12/24/2025 |
LTV is less than guideline maximum - Borr LTV 70%. Per guides, maximum LTV 75%. Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 752. Per guide, a minimum score required 660. Required is 660 Borrower has 752 Months Reserves exceed minimum required - 21.05mos reserves. Per guides, 9 reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6634763 | |
| XXXX | 9 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE5790 | 2025-12-17 09:35 | 2025-12-30 18:12 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received Gap Report. - Due Diligence Vendor-12/30/2025 Ready for Review-Document Uploaded. please see attached - Seller-12/29/2025 Counter-Received credit refresh completed dated XXXX. Review is unable to accept print date. Please provide updated credit refresh. - Due Diligence Vendor-12/24/2025 Ready for Review-Document Uploaded. please see the very last page of the report where it indicates the date of the credit refresh pulled. - Seller-12/23/2025 Counter-Received duplicate credit refresh. Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Gap credit report XXXX > 10days from Note XXXX. - Due Diligence Vendor-12/22/2025 Ready for Review-Document Uploaded. PLEASE SEE ATTACHED - Seller-12/19/2025 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Gap credit report XXXX > 10days from Note XXXX. - Due Diligence Vendor-12/17/2025 |
Ready for Review-Document Uploaded. please see attached - Seller-12/29/2025 Ready for Review-Document Uploaded. please see the very last page of the report where it indicates the date of the credit refresh pulled. - Seller-12/23/2025 Ready for Review-Document Uploaded. PLEASE SEE ATTACHED - Seller-12/19/2025 |
Resolved-Received Gap Report. - Due Diligence Vendor-12/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 759. Per guide, a minimum score required 660. Required is 660 Borrower has 759 Qualifying DTI below maximum allowed - Borr DTI 14.56%. Per guides, maximum DTI 49.99%. Required is 49.99 Borrower has 14.56 LTV is less than guideline maximum - Borr LTV 50.38%. Per guides, maximum LTV 80%. Required is 80 Borrower has 50.38 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 6660378 | |
| XXXX | 10 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1437 | 2025-12-17 11:33 | 2025-12-19 15:43 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Received internet validation of business phone number. - Due Diligence Vendor-12/19/2025 Ready for Review-Document Uploaded. PLEASE SEE ATTACHED - Seller-12/18/2025 Open-Income and Employment Do Not Meet Guidelines Missing Busines Telephone number internet search as required by the guidelines. - Due Diligence Vendor-12/17/2025 |
Ready for Review-Document Uploaded. PLEASE SEE ATTACHED - Seller-12/18/2025 |
Resolved-Received internet validation of business phone number. - Due Diligence Vendor-12/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 724. Required is 660 Borrower has 724 Qualifying DTI below maximum allowed - Required is 49.99. Borrower has 16.67. Required is 49.99 Borrower has 16.67 LTV is less than guideline maximum - Required is 90. Borrower has 80. Required is 90 Borrower has 80 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6663460 | |
| XXXX | 11 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1198 | 2026-01-02 11:50 | 2026-02-03 17:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Proof of $10,000 emd provided. - Due Diligence Vendor-02/03/2026 Counter-Received bank statement dated after Note date. Unable to confirm balances at closing. Printout may provide or balance summary - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Post 1003 and bank statement attached - Seller-02/02/2026 Open-Audited Reserves of 1.41 month(s) are less than Guideline Required Reserves of 4 month(s) 4 months reserves required. Lender to verify a $10,000 deposit to escrow reflected on the HUD-1 as borrower does not have sufficient assets to meet EMD, all closing costs, and reserves. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. Post 1003 and bank statement attached - Seller-02/02/2026 |
Resolved-Proof of $10,000 emd provided. - Due Diligence Vendor-02/03/2026 |
Credit history exceeds minimum required - Credit History = 131 Months Minimum Credit History = 24 Months Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.35 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6896463 | |
| XXXX | 11 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1480 | 2026-01-02 14:00 | 2026-02-03 17:07 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Proof of $10,000 emd provided. - Due Diligence Vendor-02/03/2026 Counter-Received bank statement dated after closing. Please address original finding. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Post 1003 and bank statement attached - Seller-02/02/2026 Open-Asset Record 2 Does Not Meet G/L Requirements Escrow wire receipt in file for $2,600 from the same individual who gifted borrower $15,000. Lender to provide a gift letter for the $2,600 to verify borrower is not required to pay back the funds. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. Post 1003 and bank statement attached - Seller-02/02/2026 |
Resolved-Proof of $10,000 emd provided. - Due Diligence Vendor-02/03/2026 |
Credit history exceeds minimum required - Credit History = 131 Months Minimum Credit History = 24 Months Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.35 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6899711 | |
| XXXX | 11 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1201 | 2026-01-02 10:52 | 2026-01-28 17:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received fraud report. - Due Diligence Vendor-01/28/2026 ed - Seller-01/27/2026 of Searches Performed did not include the Seller and Appraiser. - Due Diligence Vendor-01/14/2026 - Seller-01/12/2026 Vendor-01/02/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/27/2026 Ready for Review-Document Uploaded. Please see attached - Seller-01/12/2026 |
Resolved-Received fraud report. - Due Diligence Vendor-01/28/2026 |
Credit history exceeds minimum required - Credit History = 131 Months Minimum Credit History = 24 Months Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.35 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6894058 | |
| XXXX | 11 | XXXX | D | B | D | A | C | B | A | A | Closed | finding-3352 | 2025-12-24 16:22 | 2026-01-14 14:16 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-After further review, the loan meets HPML requirements. - Due Diligence Vendor-01/14/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. -----Statute of limitations – One year; Expiration date: XXXX - Due Diligence Vendor-12/24/2025 |
Resolved-After further review, the loan meets HPML requirements. - Due Diligence Vendor-01/14/2026 |
Credit history exceeds minimum required - Credit History = 131 Months Minimum Credit History = 24 Months Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.35 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6799760 | |||
| XXXX | 11 | XXXX | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2025-12-24 15:40 | 2025-12-29 09:47 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2025 |
Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2025 |
Credit history exceeds minimum required - Credit History = 131 Months Minimum Credit History = 24 Months Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.35 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6797777 | |||
| XXXX | 12 | XXXX | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2026-01-14 14:54 | 2026-01-23 17:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose & Occupancy Affidavit. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. Please see attached - Seller-01/22/2026 Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit Disclosure required for DSCR Transaction - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. Please se attached - Seller-01/22/2026 |
Resolved-Received Business Purpose & Occupancy Affidavit. - Due Diligence Vendor-01/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 811 Required is 700 Borrower has 811 LTV is less than guideline maximum - Required is 75 Borrower has 46.66 Required is 75 Borrower has 46.66 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7093208 | |
| XXXX | 13 | XXXX | D | B | D | A | B | B | A | A | Closed | FPRO1255 | 2026-01-14 10:41 | 2026-01-23 17:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-Received questionnaire and revised appraisal. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 Counter-Received Questionnaire. Number of total units significantly different from appraisal. Appraisal document 80 and Questionnaire indicate 80. Please advise. - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Additional findings may apply. - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. - Seller-01/22/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 |
Resolved-Received questionnaire and revised appraisal. - Due Diligence Vendor-01/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 741 LTV is less than guideline maximum - Required is 75 Borrower has 56.47 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 11.56 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7086324 | |
| XXXX | 13 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM1353 | 2026-01-12 16:49 | 2026-01-12 16:56 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). --ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/12/2026 | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). --ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 741 LTV is less than guideline maximum - Required is 75 Borrower has 56.47 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 11.56 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 7050681 | |||
| XXXX | 13 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2026-01-12 15:31 | 2026-01-12 15:31 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material finding. - Due Diligence Vendor-01/12/2026 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material finding. - Due Diligence Vendor-01/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 741 LTV is less than guideline maximum - Required is 75 Borrower has 56.47 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 11.56 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 7049234 | |||
| XXXX | 14 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM9998 | 2025-12-22 11:03 | 2025-12-30 11:21 | Resolved | 1 - Information | C | A | Compliance | TRID | Closing Disclosure Issue | Resolved------Received acknowledgement that origination fee is a lender paid compensation fee. Finding Resolved. - Due Diligence Vendor-12/30/2025 Ready for Review-It's a lender paid broker compensation fee. Please waive this condition. - Seller-12/25/2025 Open-Final CD reflects a Loan Origination fee paid by Lender that was not disclosed on initial LE nor has a COC been provided for this increase. If this fee is Loan Originator Compensation, it must be identified as such on the final CD. A Loan Origination fee is a borrower paid fee and included in tolerance testing unless previously agreed this would be a lender responsibility per a Rate-Lock agreement or similar documentation. Fee clarification must be provided and upon receipt, additional findings may apply. - Due Diligence Vendor-12/22/2025 |
Ready for Review-It's a lender paid broker compensation fee. Please waive this condition. - Seller-12/25/2025 |
Resolved------Received acknowledgement that origination fee is a lender paid compensation fee. Finding Resolved. - Due Diligence Vendor-12/30/2025 |
LTV is less than guideline maximum - Borr LTV 84.97. Per guides, maximum LTV 90%. Required is 90 Borrower has 84.97 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 797. Per guide, a minimum score required 660. Required is 660 Borrower has 797 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6735128 | ||
| XXXX | 14 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM5135 | 2025-12-22 09:40 | 2025-12-22 11:06 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/22/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/22/2025 |
LTV is less than guideline maximum - Borr LTV 84.97. Per guides, maximum LTV 90%. Required is 90 Borrower has 84.97 Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 797. Per guide, a minimum score required 660. Required is 660 Borrower has 797 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6732891 | |||
| XXXX | 15 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-12-22 09:50 | 2025-12-22 10:51 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/22/2025 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/22/2025 |
Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 41.76 LTV is less than guideline maximum - Required is 75 Borrower has 50 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 6733069 | |||
| XXXX | 16 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2025-12-18 17:41 | 2026-07-06 13:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Per originator, B2 removed. - Due Diligence Vendor-01/14/2026 Open-Third Party Fraud Report Partially Provided Report to be run with borrower 2. Additional conditions may apply, pending review. - Due Diligence Vendor-12/18/2025 |
Resolved-Per originator, B2 removed. - Due Diligence Vendor-01/14/2026 |
LTV is less than guideline maximum - Required is 55 Borrower has 35 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 772 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6694560 | |||
| XXXX | 16 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5771 | 2025-12-18 17:39 | 2026-01-14 14:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Credit Report is Missing | Resolved-Per Originator B2 has been removed. - Due Diligence Vendor-01/14/2026 Open-Borrower 2 Credit Report is Missing. Provide credit report for borrower 2. Additional conditions may apply, pending review. - Due Diligence Vendor-12/18/2025 |
Resolved-Per Originator B2 has been removed. - Due Diligence Vendor-01/14/2026 |
LTV is less than guideline maximum - Required is 55 Borrower has 35 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 772 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6694525 | |||
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FPRO9876 | 2026-07-06 12:22 | 2026-07-07 12:26 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived- S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-07/07/2026 Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-07/06/2026 |
Waived- S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-07/07/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 10072800 | |||
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FCRE1506 | 2026-01-15 13:33 | 2026-07-06 12:22 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 Counter-Pending PITIA validation - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing verification of taxes, insurance, and/or HOA fees for non-subject property for REO 3B - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 |
Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7116682 | |
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FCRE1507 | 2026-01-15 13:33 | 2026-07-06 12:22 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 Counter-Pending PITIA verification of additional REO. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. please see attached - Seller-01/21/2026 Open-The Originator QM Status is not the same as the Final QM Status. Missing verification of taxes, insurance, and/or HOA fees for non-subject property for REO 3B - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. please see attached - Seller-01/21/2026 |
Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7116683 | |
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FCRE1293 | 2026-01-15 09:06 | 2026-02-02 16:28 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 2 Months Income Verified is Missing | Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 Open-Income 2 Months Income Verified is Missing Missing verification of taxes, insurance, and/or HOA fees for non-subject property for REO 3B - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 |
Resolved-PITIA provided for the borrower investment property. - Due Diligence Vendor-01/29/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7107931 | |
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FCRE5782 | 2026-01-15 09:20 | 2026-02-02 16:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received credit refresh. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. Soft pull attached - Seller-01/21/2026 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. Soft pull attached - Seller-01/21/2026 |
Resolved-Received credit refresh. - Due Diligence Vendor-01/23/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7108208 | |
| XXXX | 17 | XXXX | D | B | D | A | C | B | B | B | Closed | FCOM1353 | 2026-01-13 09:18 | 2026-01-20 15:21 | Waived | 2 - Non-Material | C | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/13/2026 |
Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-01/13/2026 |
Months Reserves exceed minimum required - 16 months reserves exceed 4 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 793 Required is 720 Borrower has 793 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 7059823 | |||
| XXXX | 18 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE7011 | 2025-12-23 10:16 | 2025-12-23 16:57 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-After further review, the guides allow for 6 months of reserves in lieu of rent loss coverage. 204 months verified. - Due Diligence Vendor-12/23/2025 Ready for Review-escalated - Seller-12/23/2025 Open-Rent Loss Coverage is Insufficient or Missing.- missing rental loss insurance on hazard declaration page to cover 6 months. - Due Diligence Vendor-12/23/2025 |
Ready for Review-escalated - Seller-12/23/2025 |
Resolved-After further review, the guides allow for 6 months of reserves in lieu of rent loss coverage. 204 months verified. - Due Diligence Vendor-12/23/2025 |
DSCR % greater than 1.20 - Qualifying DSCR 3.326; minimum DSCR 0.75. Required is 0.75 Borrower has 3.236 Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 757; minimum score 660. Required is 660 Borrower has 757 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6759499 | ||
| XXXX | 19 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 20 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE0197 | 2025-12-29 09:51 | 2026-01-05 10:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received Seller Closing disclosure - Due Diligence Vendor-01/05/2026 Ready for Review-Document Uploaded. - Seller-12/31/2025 Ready for Review-Document Uploaded. Please see Seller CD. - Seller-12/29/2025 Open-The Final SELLER CD/HUD is missing. did not receive - Due Diligence Vendor-12/29/2025 |
Ready for Review-Document Uploaded. - Seller-12/31/2025 Ready for Review-Document Uploaded. Please see Seller CD. - Seller-12/29/2025 |
Resolved-Received Seller Closing disclosure - Due Diligence Vendor-01/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Required is 660 Borrower has 746 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.12 Required is 50 Borrower has 34.12 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6830648 | |
| XXXX | 20 | XXXX | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-12-23 08:08 | 2025-12-23 08:18 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/23/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Required is 660 Borrower has 746 LTV is less than guideline maximum - Required is 80 Borrower has 65 Required is 80 Borrower has 65 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.12 Required is 50 Borrower has 34.12 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6757631 | |||
| XXXX | 21 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE2244 | 2025-12-30 11:30 | 2026-02-20 15:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-1004D provided confirming deferred maintenance items are complete. - Due Diligence Vendor-02/20/2026 Ready for Review-Document Uploaded. Final - work completed/deferred maintenance items remedied. - Seller-02/20/2026 Open-Property Issues are identified for the property 1. Appraiser did not mention whether lack of railing on top deck is a safety issue, it appears that it is. 2. Extensive deferred maintenance, no dollar amount was given for cost to cure. Per guides Maximum deferred maintenance cannot exceed $2,000. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. Final - work completed/deferred maintenance items remedied. - Seller-02/20/2026 |
Resolved-1004D provided confirming deferred maintenance items are complete. - Due Diligence Vendor-02/20/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 620 Required is 620 Borrower has 803 LTV is less than guideline maximum - LTV is 75% and max allowed is 90% Required is 90 Borrower has 75 Qualifying DTI below maximum allowed - DTI is 39.24 % and max allowed is 50% Required is 50 Borrower has 39.24 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6855456 | |
| XXXX | 21 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2025-12-30 11:56 | 2026-01-14 17:43 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received child support obligation documentation. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Per credit report borrower was paying child support which normally reports when support payments are delinquent.Missing Divorce Decree to show borrower is no longer liable for child support monthly payments. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved-Received child support obligation documentation. - Due Diligence Vendor-01/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 620 Required is 620 Borrower has 803 LTV is less than guideline maximum - LTV is 75% and max allowed is 90% Required is 90 Borrower has 75 Qualifying DTI below maximum allowed - DTI is 39.24 % and max allowed is 50% Required is 50 Borrower has 39.24 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6856157 | |
| XXXX | 21 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7551 | 2025-12-30 12:07 | 2026-01-14 17:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Divorce Decree | Resolved-Received child support obligation. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open-Per credit report borrower was paying child support which normally reports when support payments are delinquent Missing Divorce Decree to support child support monthly payments are no longer due. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved-Received child support obligation. - Due Diligence Vendor-01/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 620 Required is 620 Borrower has 803 LTV is less than guideline maximum - LTV is 75% and max allowed is 90% Required is 90 Borrower has 75 Qualifying DTI below maximum allowed - DTI is 39.24 % and max allowed is 50% Required is 50 Borrower has 39.24 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6856404 | |
| XXXX | 22 | XXXX | D | B | D | A | B | B | C | A | Closed | FPRO1257 | 2025-12-30 14:35 | 2026-01-21 17:53 | Resolved | 1 - Information | C | A | Property | Value | Primary Property Value is not Substantiated | Resolved-Received secondary valuation. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. Please see attached individual Appraisal, SSR XXXX. The previously provided did include SSR for XXXX. Had to scroll down to page 2 and 3 of SSR to see XXXX Name. - Seller-01/19/2026 Counter-Received SSRs from different appraiser and value. Review did not receive XXXX. Additional conditions may apply. - Due Diligence Vendor-01/15/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. CU and LCA in file are not for the appraisal in file. - Due Diligence Vendor-12/30/2025 |
Ready for Review-Document Uploaded. Please see attached individual Appraisal, SSR XXXX. The previously provided did include SSR for XXXX. Had to scroll down to page 2 and 3 of SSR to see XXXX Name. - Seller-01/19/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 |
Resolved-Received secondary valuation. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 781 and minimum allowed is 620. Required is 680 Borrower has 781 LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6859037 | |
| XXXX | 22 | XXXX | D | B | D | A | B | B | C | A | Closed | FCRE1252 | 2025-12-30 14:20 | 2026-01-15 14:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Upon further review, the loan file contained all required preliminary title documentation. - Due Diligence Vendor-01/15/2026 Ready for Review-Document Uploaded. Please see attached settlement statement. This confirms item #16 (seller’s mortgage w/XXXX) was being paid off at closing (matches item #16 on prelim) and will not appear on final title policy. Also, attached is email from title confirming item #15 is not a lien and therefore ok to remain on title as stated in my previous email. Item #15 will not be removed from title as they are CCRs that run with the land. This should clear title items requested by investor. Thank you. - Seller-01/14/2026 Open-Title Document is Incomplete. Missing copy of the Title Supplement reflecting that #15 and #16 are to be omitted. - Due Diligence Vendor-12/30/2025 |
Ready for Review-Document Uploaded. Please see attached settlement statement. This confirms item #16 (seller’s mortgage w/XXXX) was being paid off at closing (matches item #16 on prelim) and will not appear on final title policy. Also, attached is email from title confirming item #15 is not a lien and therefore ok to remain on title as stated in my previous email. Item #15 will not be removed from title as they are CCRs that run with the land. This should clear title items requested by investor. Thank you. - Seller-01/14/2026 |
Resolved-Upon further review, the loan file contained all required preliminary title documentation. - Due Diligence Vendor-01/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 781 and minimum allowed is 620. Required is 680 Borrower has 781 LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6858824 | |
| XXXX | 22 | XXXX | D | B | D | A | B | B | C | A | Closed | FCOM5135 | 2025-12-24 04:30 | 2025-12-24 04:58 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 781 and minimum allowed is 620. Required is 680 Borrower has 781 LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6783948 | |||
| XXXX | 23 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-12-31 16:08 | 2026-01-16 16:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-CPA letter provided. - Due Diligence Vendor-01/16/2026 Ready for Review-Borrower is in construction and in the state of XXXX license is not needed to do this type of work. Borrower runs his business himself and has only XXXX working for him. This is why the CPA letter provided was used. - Seller-01/15/2026 Counter-Received CPA letter. Any 3rd party documentation is only acceptable on a case-by-case basis and there was no documentation in file verifying that a request to utilize 3rd party documentation to verify the borrower's 2 years of employment. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/12/2026 Open-Borrower 1 CPA Letter Missing Per guides, borrower must document two years current continuous self-employment with business license or statement from corporate accountant/CPA confirming the same. A business license or statement from corporate accountant/CPA was not provided. Any 3rd party documentation is only acceptable on a case-by-case basis and there was no documentation in file verifying that a request to utilize 3rd party documentation to verify the borrower's 2 years of employment. - Due Diligence Vendor-12/31/2025 |
Ready for Review-Borrower is in construction and in the state of XXXX license is not needed to do this type of work. Borrower runs his business himself and has only XXXX working for him. This is why the CPA letter provided was used. - Seller-01/15/2026 Ready for Review-Document Uploaded. - Seller-01/12/2026 |
Resolved-CPA letter provided. - Due Diligence Vendor-01/16/2026 |
LTV is less than guideline maximum - Required is 70 Borrower has 62.5 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 717 Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.28 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6881559 | ||
| XXXX | 23 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-12-31 16:47 | 2026-01-05 15:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received corrected 1003 reflecting lot along with re taxes. - Due Diligence Vendor-01/05/2026 Ready for Review-Document Uploaded. - Seller-01/02/2026 Open-Additional property listed on 1003: REO 3b. Lender to provide documents to verifiy P&I, taxes, insurance, and any applicable HOA dues; or provide documentation verifying the borrower has no ownership of this property. - Due Diligence Vendor-12/31/2025 |
Ready for Review-Document Uploaded. - Seller-01/02/2026 |
Resolved-Received corrected 1003 reflecting lot along with re taxes. - Due Diligence Vendor-01/05/2026 |
LTV is less than guideline maximum - Required is 70 Borrower has 62.5 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 717 Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.28 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6882185 | ||
| XXXX | 24 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXX | 25 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 26 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 27 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-01-02 08:39 | 2026-01-05 15:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received complete VOM. - Due Diligence Vendor-01/05/2026 Ready for Review-Document Uploaded. - Seller-01/02/2026 Open-Housing History Does Not Meet Guideline Requirements VOM is incomplete. Sections 1 through 6 are not filled out. - Due Diligence Vendor-01/02/2026 |
Ready for Review-Document Uploaded. - Seller-01/02/2026 |
Resolved-Received complete VOM. - Due Diligence Vendor-01/05/2026 |
DSCR % greater than 1.20 - DSCR is 1.50. Required is 0 Borrower has 1.5 Qualifying FICO score is at least 20 points above minimum for program - Required FICO score is 660 - actual FICO score is 802. Required is 660 Borrower has 802 LTV is less than guideline maximum - Maximum LTV allowed is 80% - actual LTV is 75%. Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6891526 | ||
| XXXX | 28 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-12-31 10:30 | 2026-01-05 15:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap Report. - Due Diligence Vendor-01/05/2026 Ready for Review-Document Uploaded. - Seller-01/02/2026 Open-Borrower 1 Gap Credit Report is Missing Missing the GAP credit report for the borrower. - Due Diligence Vendor-12/31/2025 |
Ready for Review-Document Uploaded. - Seller-01/02/2026 |
Resolved-Received Gap Report. - Due Diligence Vendor-01/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 722; min score 700. Required is 700 Borrower has 722 Qualifying DTI below maximum allowed - DTI 22.57% max 50%. Required is 50 Borrower has 22.57 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6872436 | |
| XXXX | 29 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 30 | D | A | D | A | A | A | A | A | Closed | FCRE0184 | 2026-01-05 15:27 | 2026-01-14 17:11 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Received Cashout letter. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open-Missing Cash-out Letter on a Business Purpose Loan. Business Purpose cash out letter is required. - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved-Received Cashout letter. - Due Diligence Vendor-01/14/2026 |
Months Reserves exceed minimum required - 84 months reserves, 6 months min required. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6921144 | ||
| XXXX | 30 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2026-01-05 22:15 | 2026-01-14 17:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received updated Operating agreement. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. Correct version of the operating agreement has been uploaded showing the borrower at 81% ownership. With this, the member under 25% ownership should not need to be signing the guaranty agreement. - Seller-01/13/2026 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. 1. Members on the Operating Agreement Exhibits A and B does not match the members listed on the EIN letter in file. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity. 2. Per operating agreement, Exhibit A reflects the qualified borrower having 81% ownership interest and the second member having 19% interest; however, Exhibit B reflects the qualified borrower having only 19% ownership interest and the second member having 81% interest. Lender to provide additional documentation to verify the percentage of ownership interest of all members. 3. The Franchise Tax Account Status in file, dated as of XXXX, reflects two members. The first member listed matches the operating agreement in Exhibits A and B, who is not the qualified borrower. The second member listed on the Franchise Tax Account Status is not listed on the operating agreement but is the same individual who filed the Certificate of Formation LLC for the borrowing entity and is listed as a member on the EIN letter. The qualified borrower, who is listed as a member in the operating agreement is not listed as a member on the Franchise Tax Account Status or the EIN letter. 4. The Certificate of Formation LLC reflects XXXX is to be managed by two entities, (XXXX), not managed by its members. However, the operating agreement states XXXX is member-managed. Additionally, the operating agreement does not mention the managing entities XXXX) listed on the Certificate of Formation LLC, and Exhibit B of the operating agreement reflects the members as "XXXX." Lender to provide documentation to support members with ownership interest are the managers of the borrowing entity. - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. Correct version of the operating agreement has been uploaded showing the borrower at 81% ownership. With this, the member under 25% ownership should not need to be signing the guaranty agreement. - Seller-01/13/2026 |
Resolved-Received updated Operating agreement. - Due Diligence Vendor-01/14/2026 |
Months Reserves exceed minimum required - 84 months reserves, 6 months min required. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6926759 | ||
| XXXX | 30 | D | A | D | A | A | A | A | A | Closed | FCRE8201 | 2026-01-05 15:08 | 2026-01-14 17:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Received updated Operating Agreement. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open-Loan does not conform to program guidelines. Per Business Entity guidelines- All persons with >25% interest in the business entity (“Interested Persons”) must apply for the loan and meet credit requirements. Per operating agreement, Exhibit A reflects the borrower having 81% ownership interest and the second member having 19% interest; however, Exhibit B reflects the borrower having only 19% ownership interest and the second member having 81% interest. If entity ownership interest documentation provided does not verify the current qualified borrower has at least 25% ownership interest in the entity, additional conditions may apply. - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved-Received updated Operating Agreement. - Due Diligence Vendor-01/14/2026 |
Months Reserves exceed minimum required - 84 months reserves, 6 months min required. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6920800 | ||
| XXXX | 30 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2026-01-06 10:22 | 2026-01-14 17:08 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received updated and initialed Operating Agreement. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open-(1.)Members on the Operating Agreement Exhibits A and B does not match the members listed on the EIN letter in file. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity. (2.) Per operating agreement, Exhibit A reflects the qualified borrower having 81% ownership interest and the second member having 19% interest; however, Exhibit B reflects the qualified borrower having only 19% ownership interest and the second member having 81% interest. Lender to provide additional documentation to verify the percentage of ownership interest of all members. (3.) The Franchise Tax Account Status in file, dated as of XXXX, reflects two members. The first member listed matches the operating agreement in Exhibits A and B, who is not the qualified borrower. The second member listed on the Franchise Tax Account Status is not listed on the operating agreement but is the same individual who filed the Certificate of Formation LLC for the borrowing entity and is listed as a member on the EIN letter. The qualified borrower, who is listed as a member in the operating agreement is not listed as a member on the Franchise Tax Account Status or the EIN letter. (4.) The Certificate of Formation LLC reflects XXXX is to be managed by two entities, (XXXX), not managed by its members. However, the operating agreement states XXXX is member-managed. Additionally, the operating agreement does not mention the managing entities (XXXX.) listed on the Certificate of Formation LLC, and Exhibit B of the operating agreement reflects the members as "XXXX." Lender to provide documentation to support members with ownership interest are the managers of the borrowing entity. - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved-Received updated and initialed Operating Agreement. - Due Diligence Vendor-01/14/2026 |
Months Reserves exceed minimum required - 84 months reserves, 6 months min required. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6933660 | ||
| XXXX | 31 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2026-01-07 11:24 | 2026-01-20 13:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received PCCD for correct HOI. - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. - Seller-01/16/2026 Counter-Received RCE and hOI. HOI received differs from final settlement statement. Annual premium noted as XXXX. This differs from monthly $140.25 reflecting on settlement statement and 1st payment. Clarify. DSCR calculation to be finalized. - Due Diligence Vendor-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Counter-Received HOI and RCE for different properties. Please provide for subject. - Due Diligence Vendor-01/09/2026 Ready for Review-Document Uploaded. HOI and RCE - Seller-01/07/2026 Open-Missing Hazard Insurance Policy - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. - Seller-01/16/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Ready for Review-Document Uploaded. HOI and RCE - Seller-01/07/2026 |
Resolved-Received PCCD for correct HOI. - Due Diligence Vendor-01/20/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.125 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6961083 | |
| XXXX | 31 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7011 | 2026-01-07 15:06 | 2026-01-09 16:32 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Considered additional 6 months PITIA reserves in lieu of rent loss coverage. - Due Diligence Vendor-01/09/2026 Ready for Review-escalated - Seller-01/07/2026 Open-Rent Loss Coverage is Insufficient or Missing. Missing rent loss coverage as hazard policy is missing - Due Diligence Vendor-01/07/2026 |
Ready for Review-escalated - Seller-01/07/2026 |
Resolved-Considered additional 6 months PITIA reserves in lieu of rent loss coverage. - Due Diligence Vendor-01/09/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.125 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6967469 | ||
| XXXX | 31 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2026-01-06 17:07 | 2026-01-09 16:24 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received confirmation of Note Prepay Addendum. - Due Diligence Vendor-01/09/2026 Ready for Review-It is not a requirement of our guidelines to have a PPP Rider - Seller-01/08/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Prepayment Rider missing from file - Due Diligence Vendor-01/06/2026 |
Ready for Review-It is not a requirement of our guidelines to have a PPP Rider - Seller-01/08/2026 |
Resolved-Received confirmation of Note Prepay Addendum. - Due Diligence Vendor-01/09/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.125 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6945553 | ||
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1506 | 2026-01-05 18:51 | 2026-01-27 16:08 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. - Seller-01/26/2026 Ready for Review-Reconveyances of liabilities paid off uploaded. Note that the instrument Numbers on the reconveyances matches the Instrument Numbers on the Preliminary Title Report. Thank you for your consideration. Best, XXXX - Seller-01/26/2026 Counter-Pending confirmation from title of liabilities paid on final seller settlement statement. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing Initial CD and Final Seller CD - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. - Seller-01/26/2026 Ready for Review-Reconveyances of liabilities paid off uploaded. Note that the instrument Numbers on the reconveyances matches the Instrument Numbers on the Preliminary Title Report. Thank you for your consideration. Best, XXXX - Seller-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/27/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6924203 | |
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE0197 | 2026-01-05 10:01 | 2026-01-27 16:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received reconveyances confirming clouds cleared from preliminary title. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. See attached reconveyances for Title Items #6 & #7. Thank you. Best, XXXX - Seller-01/26/2026 Counter-Received final seller settlement statement. Liabilities paid do not match all noted preliminary title effective date XXXX. Title to confirm #6 and #7 of schedule B cleared with lien paid on final settlement statement. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Finding XXXX Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 Open-The Final SELLER CD/HUD is missing. - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. See attached reconveyances for Title Items #6 & #7. Thank you. Best, XXXX - Seller-01/26/2026 Ready for Review-Document Uploaded. Finding FCRE0197 Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 |
Resolved-Received reconveyances confirming clouds cleared from preliminary title. - Due Diligence Vendor-01/27/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6913373 | |
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1480 | 2026-01-05 09:57 | 2026-01-26 09:19 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Received title receipt for gift funds. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Finding XXXX Uploaded 2 files. Thank you, Best, XXXX - Seller-01/24/2026 Open-Asset Record 2 Does Not Meet G/L Requirements Wire of funds from donor to borrower or title company not found in file. - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. Finding XXXX Uploaded 2 files. Thank you, Best, XXXX - Seller-01/24/2026 |
Resolved-Received title receipt for gift funds. - Due Diligence Vendor-01/26/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6913295 | |
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE8611 | 2026-01-05 18:55 | 2026-01-26 09:17 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Received internet search for business. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 Open-Missing internet search of business per guidelines - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. - Seller-01/22/2026 |
Resolved-Received internet search for business. - Due Diligence Vendor-01/26/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6924327 | |
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCOM3605 | 2025-12-31 14:21 | 2026-01-23 07:57 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved------Recieved initial CD XXXX, finding resolved. - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. - Seller-01/22/2026 Open-Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation. Additional findings may apply upon receipt. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-12/31/2025 |
Ready for Review-Document Uploaded. - Seller-01/22/2026 |
Resolved------Recieved initial CD XXXX, finding resolved. - Due Diligence Vendor-01/23/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6879507 | |
| XXXX | 32 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1194 | 2026-01-05 10:16 | 2026-01-05 18:56 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator exception granted, waiver applied with comp factors. Investor's (XXXX) guidelines allow FTHB up to 80% LTV and gift allowed - Due Diligence Vendor-01/05/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 70% FTHB, max LTV 70%, exception for FTHB with rental history LTV to 80% and use of gift - Due Diligence Vendor-01/05/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Investor's (XXXX) guidelines allow FTHB up to 80% LTV and gift allowed - Due Diligence Vendor-01/05/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 725 |
Investor's (XXXX) guidelines allow FTHB up to 80% LTV and gift allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 6913751 | ||
| XXXX | 33 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 34 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-01-11 16:48 | 2026-01-13 16:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received VVOE. - Due Diligence Vendor-01/13/2026 Ready for Review-Document Uploaded. - Seller-01/12/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE for borrower. - Due Diligence Vendor-01/11/2026 |
Ready for Review-Document Uploaded. - Seller-01/12/2026 |
Resolved-Received VVOE. - Due Diligence Vendor-01/13/2026 |
LTV is less than guideline maximum - Required is 90 Borrower has 73.61 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 801 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.19 |
XXXX | QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7027261 | |
| XXXX | 35 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-01-07 13:17 | 2026-01-28 13:41 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Initial CD Uploaded. Thank you. Best, XXXX - Seller-01/23/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing initial CD. Unable to run compliance - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Initial CD Uploaded. Thank you. Best, XXXX - Seller-01/23/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6965033 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1507 | 2026-01-07 13:17 | 2026-01-28 13:41 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Finding XXXX Uploaded (Initial CD). Thank you. Best, XXXX - Seller-01/24/2026 Open-The Originator QM Status is not the same as the Final QM Status. Missing initial CD. Unable to run compliance - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Finding XXXX Uploaded (Initial CD). Thank you. Best, XXXX - Seller-01/24/2026 |
Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-01/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6965034 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1206 | 2026-01-06 13:24 | 2026-01-28 13:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-All Interested Parties Checked against Exclusionary Lists for the seller - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Counter-Received revised fraud. Missing seller in loan participant search. Use seller name from final settlement statement for ease. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Finding XXXX Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Seller not checked - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 Ready for Review-Document Uploaded. Finding XXXX Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 |
Resolved-All Interested Parties Checked against Exclusionary Lists for the seller - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6940219 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1205 | 2026-01-06 13:24 | 2026-01-28 13:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC provided for the seller - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Counter-Received OFAC reports. Missing seller in search. Use seller name from final settlement statement for ease. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. OFAC clearance for sellers (H&W) uploaded. Thank you. Best, XXXX - Seller-01/23/2026 Counter-Review did not receipt OFAC clearance on seller. - Due Diligence Vendor-01/21/2026 Ready for Review-compliance - Seller-01/17/2026 Open-OFAC Check Not Completed and/or Cleared Seller not checked - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 Ready for Review-Document Uploaded. OFAC clearance for sellers (H&W) uploaded. Thank you. Best, XXXX - Seller-01/23/2026 Ready for Review-compliance - Seller-01/17/2026 |
Resolved-OFAC provided for the seller - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6940220 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1316 | 2026-01-06 12:12 | 2026-01-28 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Counter-Received VVOE for B1 for Neighborhood. Missing VVOE for B1 for XXXX. (have for B2) - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Finding XXXX - Written VOE for Borrower 1 Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 Counter-Received VOI for B2. Please provide for B1 - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing VVOE's are dated after note date for first employer, not found for 2nd employer. - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 Ready for Review-Document Uploaded. Finding XXXX - Written VOE for Borrower 1 Uploaded. Thank you. Best, XXXX - Seller-01/24/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6938095 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1347 | 2026-01-06 12:12 | 2026-01-28 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Received VVOE for B2 - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. Verbal VOE - Seller-01/17/2026 Open-Borrower 2 3rd Party VOE Prior to Close Missing VVOE's are dated after note date for employer. - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. Verbal VOE - Seller-01/17/2026 |
Resolved-Received VVOE for B2 - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6938096 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1180 | 2026-01-06 11:47 | 2026-01-21 17:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-Received H06 - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 Open-HO-6 Insurance Policy is Missing (info taken from CD) - Due Diligence Vendor-01/06/2026 |
Ready for Review-Document Uploaded. - Seller-01/17/2026 |
Resolved-Received H06 - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6937607 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1510 | 2026-01-05 14:09 | 2026-01-21 17:37 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. legal for Deed - Seller-01/17/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. legal for Deed - Seller-01/17/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6919298 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | FCOM3605 | 2026-01-05 14:45 | 2026-01-21 08:01 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved-Received evidence of receipt, XXXX. Finding resolved. - Due Diligence Vendor-01/21/2026 Ready for Review------Received evidence of receipt, XXXX. Finding resolved. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 Open------Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation. Additional findings may apply upon receipt. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/05/2026 |
Ready for Review-Document Uploaded. - Seller-01/17/2026 |
Resolved-Received evidence of receipt, XXXX. Finding resolved. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6920199 | |
| XXXX | 36 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3415 | 2026-01-06 14:17 | 2026-01-21 08:01 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | High-Cost Mortgage Date the Rate Was Set Validation Test | Resolved------Received initial CD XXXX. Finding resolved. - Due Diligence Vendor-01/21/2026 Open-This loan failed the date the rate was set validation test. ( 12 CFR §1026.32(1)(i)(A), (C) )This loan did not provide the date the rate was set, which is required for the High-Cost Mortgage Finding. - Due Diligence Vendor-01/06/2026 |
Resolved------Received initial CD XXXX. Finding resolved. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 788 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.96 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6941636 | |||
| XXXX | 37 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2026-01-12 14:12 | 2026-01-23 13:13 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received updated PCCD and Seller Contribution Addendum - Due Diligence Vendor-01/23/2026 Ready for Review-Document Uploaded. Please see page 3 of upl doc reg seller contribution - Seller-01/22/2026 Counter-Received CD and duplicate statement. CD provided reflect a seller credit of $15k not previously disclosed. Provide addendum for seller contributions noted on CD. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. Attached is signed CD from closing & ledger confirming cash to close was $97,267.61 along with bank statement showing balance of $104,396.96 - Seller-01/20/2026 Counter-Snip of partial Settlement Statement and Bank Statement balances provided. Loan review assets are the same. Finding remains. - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. Borrower had sufficient funds to close…see screenshots below, both items were uploaded with initial submission to TPR. - Seller-01/15/2026 Open-Total Qualified Assets Post-Close amount is '$-7266.51'. Assets are Insufficient. Total Qualified Assets Post-Close amount is $-7,266.51. Please provide additional assets to cover the amount of "cash to close" from the borrower ($7,266.51). - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. Please see page 3 of upl doc reg seller contribution - Seller-01/22/2026 Ready for Review-Document Uploaded. Attached is signed CD from closing & ledger confirming cash to close was $97,267.61 along with bank statement showing balance of $104,396.96 - Seller-01/20/2026 Ready for Review-Document Uploaded. Borrower had sufficient funds to close…see screenshots below, both items were uploaded with initial submission to TPR. - Seller-01/15/2026 |
Resolved-Received updated PCCD and Seller Contribution Addendum - Due Diligence Vendor-01/23/2026 |
LTV is less than guideline maximum - Maximum LTV is 85% - actual LTV is 80%. Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 660 - actual FICO score is 763. Required is 660 Borrower has 763 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7047589 | |
| XXXX | 38 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE0140 | 2026-01-07 11:08 | 2026-02-05 13:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | DSCR loan does not meet program guidelines | Waived-Originator provided a waiver to allow layer entity approved by investor , applied to non material finding with comp factors - Due Diligence Vendor-02/05/2026 Ready for Review-Document Uploaded. - Seller-02/03/2026 Open-DSCR loan does not meet program guidelines.Per guides business entities whose members include other LLCs are ineligible borrowers. Per Note and Mortgage the loan closed in an entity of two LLC companies. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. - Seller-02/03/2026 |
Waived-Originator provided a waiver to allow layer entity approved by investor , applied to non material finding with comp factors - Due Diligence Vendor-02/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 780 LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 |
2yr prepay, High Fico, DSCR ratio 1.5 | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | 6960779 |
| XXXX | 38 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1252 | 2026-01-07 07:25 | 2026-01-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Received corrected preliminary title report. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Uploaded new prelim with LLC vesting & #8 & #10 omitted - Seller-01/26/2026 Counter-Prelim provided is not for the subject property. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/23/2026 Counter-No document attached. Missing copy of the Title Supplement reflecting correct vesting in an LLC and #8 #10 to be omitted. - Due Diligence Vendor-01/22/2026 Ready for Review-See page 5 - Seller-01/20/2026 Open-Title Document is Incomplete. Missing copy of the Title Supplement reflecting correct vesting in an LLC and #8 #10 to be omitted. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Uploaded new prelim with LLC vesting & #8 & #10 omitted - Seller-01/26/2026 Ready for Review-Document Uploaded. - Seller-01/23/2026 Ready for Review-See page 5 - Seller-01/20/2026 |
Resolved-Received corrected preliminary title report. - Due Diligence Vendor-01/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 780 LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6954984 | |
| XXXX | 38 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE9999 | 2026-01-07 11:10 | 2026-01-15 16:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Legal document incorrect or has issues | Resolved-Vested entity documentation is sufficient. - Due Diligence Vendor-01/15/2026 Ready for Review-Hello, please see attached .pdf document to address this condition. Please let me know if you have any additional questions. Thank you. Best, XXXX - Seller-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 Open-Legal document incorrect or has issues. Legal document incorrect or has issues. 1.) Members on the Operating Agreement Exhibits A and B for XXXX does not match the members listed on the EIN letter in file. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity. 2.) Member on the Operating Agreement for XXXX does not support all members that signed the Note. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity on the Note. 3.) Note reflects sole members when the Operating Agreement (XXXX) is to be managed by two entities and Operating Agreement (XXXX) reflects one entity. Lender to provide clarification to support members with ownership interest are the managers of the borrowing entity. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Hello, please see attached .pdf document to address this condition. Please let me know if you have any additional questions. Thank you. Best, XXXX - Seller-01/14/2026 Ready for Review-Document Uploaded. - Seller-01/14/2026 |
Resolved-Vested entity documentation is sufficient. - Due Diligence Vendor-01/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 780 LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6960810 | |
| XXXX | 39 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE0140 | 2026-01-07 11:15 | 2026-02-05 09:17 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | DSCR loan does not meet program guidelines | Waived-Originator provided a waiver to allow layer entity approved by investor , applied to non material finding with comp factors - Due Diligence Vendor-02/05/2026 Ready for Review-Document Uploaded. - Seller-02/03/2026 Open-DSCR loan does not meet program guidelines.Per guides business entities whose members include other LLCs are ineligible borrowers. Per Note and Mortgage the loan closed in an entity of two LLC companies - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. - Seller-02/03/2026 |
Waived-Originator provided a waiver to allow layer entity approved by investor , applied to non material finding with comp factors - Due Diligence Vendor-02/05/2026 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 734 |
2yr prepay, High Fico, DSCR ratio 1.5 | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | 6960911 |
| XXXX | 39 | XXXX | C | B | C | B | A | A | C | A | Closed | FPRO0023 | 2026-01-07 09:51 | 2026-02-05 09:13 | Resolved | 1 - Information | C | A | Property | Value | Primary Appraised Value exceeds Variance to Reviewed Appraised Property Value | Resolved-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is acceptable. - Due Diligence Vendor-02/05/2026 Ready for Review-Document Uploaded. - Seller-02/03/2026 Counter-For securitization, the secondary review product must be within 10% of the appraised value regardless of the purchase price. Please provide a Desk or Field Review. - Due Diligence Vendor-01/29/2026 Ready for Review-You guys are not understanding. It shouldn't matter what the appraised value is on this since the purchase price is lower than the AVM and the appraisal. The 10% variance is only if we are using the appraised value. If the purchase price is lower than the AVM and appraised value, the price they are purchasing the property should be valid. If you do not understand, please call me. - Seller-01/27/2026 Counter-Secondary valuation supporting appraised value within 10% required. Appraised value noted on loan approval as XXXX - Due Diligence Vendor-01/27/2026 Ready for Review-The purchase price is XXXX. The difference in appraised value vs the AVM is not valid in this situation as the AVM is higher than the purchase price. Even using the lower of the 2, the allowable value is higher than the purchase price. Please waive. - Seller-01/24/2026 Ready for Review-Document Uploaded. Uploaded 2 Files for Finding XXXX. Thank you. Best, XXXX - Seller-01/24/2026 Open-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is '-11.24'. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. - Seller-02/03/2026 Ready for Review-You guys are not understanding. It shouldn't matter what the appraised value is on this since the purchase price is lower than the AVM and the appraisal. The 10% variance is only if we are using the appraised value. If the purchase price is lower than the AVM and appraised value, the price they are purchasing the property should be valid. If you do not understand, please call me. - Seller-01/27/2026 Ready for Review-The purchase price is XXXX. The difference in appraised value vs the AVM is not valid in this situation as the AVM is higher than the purchase price. Even using the lower of the 2, the allowable value is higher than the purchase price. Please waive. - Seller-01/24/2026 Ready for Review-Document Uploaded. Uploaded 2 Files for Finding XXXX. Thank you. Best, XXXX - Seller-01/24/2026 |
Resolved-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is acceptable. - Due Diligence Vendor-02/05/2026 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 734 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6958760 | |
| XXXX | 39 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE9999 | 2026-01-07 10:21 | 2026-01-15 16:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Legal document incorrect or has issues | Resolved-Vested entity documentation is sufficient. - Due Diligence Vendor-01/15/2026 Ready for Review-Document Uploaded. Hello, please see attached .pdf file that addresses your conditions in regards to the legal documents, EIN, managing members, etc. Please let me know if you have any questions. Thank you. Best, XXXX - Seller-01/14/2026 Open-Legal document incorrect or has issues. 1.)Members on the Operating Agreement Exhibits A and B for XXXX does not match the members listed on the EIN letter in file. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity. 2.)Member on the Operating Agreement for XXXX does not support all members that signed the Note. Provide clarification on the role/member affiliation of the individual listed on the EIN to the borrowing entity on the Note. 3.) Note reflects sole members when the Operating Agreement (XXXX)is to be managed by two entities and Operating Agreement (XXXX) reflects one entity. Lender to provide clarification to support members with ownership interest are the managers of the borrowing entity. - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. Hello, please see attached .pdf file that addresses your conditions in regards to the legal documents, EIN, managing members, etc. Please let me know if you have any questions. Thank you. Best, XXXX - Seller-01/14/2026 |
Resolved-Vested entity documentation is sufficient. - Due Diligence Vendor-01/15/2026 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 80% Required is 80 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Score is 734 and minimum allowed is 640 Required is 640 Borrower has 734 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6959613 | |
| XXXX | 40 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-01-14 08:20 | 2026-02-03 07:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Reviewed Payoff for late fees there are none, reviewed payment history which does show various monthly payment amounts. Construction loan payments do vary due to interest. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. per the UW this is a construction loan, thus the reason for the variable payments. The borrower reached the maximum draw as home became closer to completion which is why XXXX. - Seller-02/02/2026 Counter-Received duplicate payment confirmation. Missing explanation for alternate payment amount. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. please see the upl docs - Seller-01/20/2026 Open-Housing History Does Not Meet Guideline Requirements The Loan Details statement reflects that the previous mortgage for the subject property was a fixed rate loan with a monthly principal and interest payment of $5,109.38. However, the payment history statement reflects that the payment made for XXXX. - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. per the UW this is a construction loan, thus the reason for the variable payments. The borrower reached the maximum draw as home became closer to completion which is why XXXX. - Seller-02/02/2026 Ready for Review-Document Uploaded. please see the upl docs - Seller-01/20/2026 |
Resolved-Reviewed Payoff for late fees there are none, reviewed payment history which does show various monthly payment amounts. Construction loan payments do vary due to interest. - Due Diligence Vendor-02/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 700 - actual FICO score is 764. Required is 700 Borrower has 764 LTV is less than guideline maximum - Maximum LTV allowed is 75% - actual LTV is 70%. Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7083206 | |
| XXXX | 40 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-14 07:23 | 2026-01-16 11:45 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. please see the rec deed attached - Seller-01/15/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. The Deed of Trust does not contain the subject property's legal description. - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. please see the rec deed attached - Seller-01/15/2026 |
Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-01/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 700 - actual FICO score is 764. Required is 700 Borrower has 764 LTV is less than guideline maximum - Maximum LTV allowed is 75% - actual LTV is 70%. Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7082415 | |
| XXXX | 41 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0180 | 2026-01-14 08:45 | 2026-01-16 11:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | State Specific requirements were not met for Notary or Witness Signatures on the Mortgage Document | Resolved-Received confirmation Notary is witness. - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. The notary info is already there Please clear thank u :) - Seller-01/15/2026 Open-State Specific requirements were not met for Notary or Witness Signatures on the Mortgage Document. Missing one (1) witness signature - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. The notary info is already there Please clear thank u :) - Seller-01/15/2026 |
Resolved-Received confirmation Notary is witness. - Due Diligence Vendor-01/16/2026 |
Months Reserves exceed minimum required - Minimum reserves required is 3 months - actual reserves is 45.28 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 700 - actual FICO score is 743. Required is 700 Borrower has 743 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7083551 | |
| XXXX | 41 | XXXX | C | A | C | A | A | A | A | A | Closed | FCOM1221 | 2026-01-13 14:39 | 2026-01-16 11:53 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. please see attached thank u :) - Seller-01/15/2026 Open-The Deed of Trust is Incomplete Missing full legal description. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. please see attached thank u :) - Seller-01/15/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-01/16/2026 |
Months Reserves exceed minimum required - Minimum reserves required is 3 months - actual reserves is 45.28 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score required is 700 - actual FICO score is 743. Required is 700 Borrower has 743 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7072160 | |
| XXXX | 42 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2026-01-14 10:52 | 2026-01-16 11:56 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received revised commitment with sufficient coverage. - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. please see attached thank u :) - Seller-01/15/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. please see attached thank u :) - Seller-01/15/2026 |
Resolved-Received revised commitment with sufficient coverage. - Due Diligence Vendor-01/16/2026 |
Credit history exceeds minimum required - Greater than 2 years credit history in file. Months Reserves exceed minimum required - Borrower has 18 months reserves. Guidelines require 9 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7086715 | |
| XXXX | 42 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-01-13 14:36 | 2026-01-16 11:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Mortgage Statements - Due Diligence Vendor-01/16/2026 Ready for Review-Document Uploaded. 1st pmt due was XXXX…attached is proof Oct & Nov payments have been made. - Seller-01/15/2026 Open-Housing History Does Not Meet Guideline Requirements The previous mortgage was originated on XXXX. The file contains a payment confirmation indicating that the 12/1/2025 payment was received on 11/7/2025. The file does not contain documentation to verify that the first payment due was on XXXX. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. 1st pmt due was XXXX…attached is proof Oct & Nov payments have been made. - Seller-01/15/2026 |
Resolved-Received Mortgage Statements - Due Diligence Vendor-01/16/2026 |
Credit history exceeds minimum required - Greater than 2 years credit history in file. Months Reserves exceed minimum required - Borrower has 18 months reserves. Guidelines require 9 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7072055 | |
| XXXX | 43 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-01-21 15:36 | 2026-01-27 14:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received updated HOI reflecting vested LLC. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. - Seller-01/26/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Name on HOI policy is not in the name of the LLC in which the loan closed. Please update to reflect the correct LLC - Due Diligence Vendor-01/21/2026 |
Ready for Review-Document Uploaded. - Seller-01/26/2026 |
Resolved-Received updated HOI reflecting vested LLC. - Due Diligence Vendor-01/27/2026 |
Months Reserves exceed minimum required - MIn 6, actual 36.93 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 806 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7224022 | |
| XXXX | 44 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-01-07 13:08 | 2026-02-03 12:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Client provided updated payment history on XXXX to reflect payment is current. Housing History Meets Guideline Requirements - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 Open-Housing History Does Not Meet Guideline Requirements Missing proof primary mortgage with XXXX is paid through December - Due Diligence Vendor-01/07/2026 |
Ready for Review-Document Uploaded. - Seller-01/30/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 |
Resolved-Client provided updated payment history on XXXX to reflect payment is current. Housing History Meets Guideline Requirements - Due Diligence Vendor-02/03/2026 |
Months Reserves exceed minimum required - 108 Months Reserves exceed 6 months minimum required Qualifying FICO score is at least 20 points above minimum for program - qualifying score 685; minimum score 640. Required is 640 Borrower has 685 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6964822 | |
| XXXX | 44 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6737 | 2026-01-08 10:43 | 2026-02-03 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Income) | Resolved-Client provided LOE from borrower addressing 2 leases for same property - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. - Seller-01/30/2026 Open-Provide explanation for 2 leases on a single family dwelling. Additional conditions may apply. - Due Diligence Vendor-01/08/2026 |
Ready for Review-Document Uploaded. - Seller-01/30/2026 |
Resolved-Client provided LOE from borrower addressing 2 leases for same property - Due Diligence Vendor-02/03/2026 |
Months Reserves exceed minimum required - 108 Months Reserves exceed 6 months minimum required Qualifying FICO score is at least 20 points above minimum for program - qualifying score 685; minimum score 640. Required is 640 Borrower has 685 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6984037 | |
| XXXX | 45 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE0185 | 2026-01-20 10:15 | 2026-01-22 13:48 | Resolved | 1 - Information | C | A | Property | Value | Loan missing Desk Review as required per Guidelines | Resolved-After further review, the loam file contains 2 full appraisals and a CDA is not required. - Due Diligence Vendor-01/22/2026 Ready for Review-Hello XXXX requires Desk review but since our loan's property is appraised at XXXX desk review is not required, please waive condition - Seller-01/21/2026 Open-Missing the desk review required by the guidelines. - Due Diligence Vendor-01/20/2026 |
Ready for Review-Hello XXXX requires Desk review but since our loan's property is appraised at XXXX desk review is not required, please waive condition - Seller-01/21/2026 |
Resolved-After further review, the loam file contains 2 full appraisals and a CDA is not required. - Due Diligence Vendor-01/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 752 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 41 LTV is less than guideline maximum - Required is 75 Borrower has 69.57 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7178950 | ||
| XXXX | 45 | XXXX | D | A | D | A | A | A | C | A | Closed | FCOM1351 | 2026-01-20 10:09 | 2026-01-22 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-The Guaranty Agreement Doc was provided. - Due Diligence Vendor-01/22/2026 Ready for Review-Document Uploaded. See attached Personal Guarantee form - Seller-01/21/2026 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Borrower is a business, missing the personal guaranty. - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. See attached Personal Guarantee form - Seller-01/21/2026 |
Resolved-The Guaranty Agreement Doc was provided. - Due Diligence Vendor-01/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 752 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 41 LTV is less than guideline maximum - Required is 75 Borrower has 69.57 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7178781 | |
| XXXX | 45 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE8525 | 2026-01-16 18:20 | 2026-01-22 13:38 | Resolved | 1 - Information | C | A | Property | Appraisal | Two or more full valuation products not provided for loan amounts > $2 million | Resolved-Second appraisal provided. - Due Diligence Vendor-01/22/2026 Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 Open-Two or more full valuation products were not provided.' Missing the 2nd appraisal required by the guidelines for loan amount XXXX. Only appraisal provided is dated XXXX - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/21/2026 |
Resolved-Second appraisal provided. - Due Diligence Vendor-01/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 752 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 41 LTV is less than guideline maximum - Required is 75 Borrower has 69.57 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7147474 | |
| XXXX | 46 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXX | 47 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 48 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0082 | 2026-01-16 08:40 | 2026-01-21 13:12 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Received commitment. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. uploaded commitment - Seller-01/19/2026 Open-Vested Owner Signature Requirement Not met. - short form provided and not title commitment missing sellers/owners currently vested. - Due Diligence Vendor-01/16/2026 |
Ready for Review-Document Uploaded. uploaded commitment - Seller-01/19/2026 |
Resolved-Received commitment. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 786; min score 660 Required is 660 Borrower has 786 LTV is less than guideline maximum - LTV 79.93% max LTV 85%. Required is 85 Borrower has 79.93 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.042 min DSCR 0.75 Required is 0.75 Borrower has 1.042 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7134218 | |
| XXXX | 49 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2026-01-16 07:06 | 2026-07-06 12:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Upon further review, a 1004D is not required. - Due Diligence Vendor-01/21/2026 Ready for Review-please note a 1004D was uploaded as well with appraisal and credit file - Seller-01/19/2026 Open-Property Issues are identified for the property - Appraiser stated subject as is however per pics subject front & rear pdf 153 missing grass/gravel. Construction truck on pic. subject living room pdf 154 does not appear to have glass door assembled. see pic pdf 159. Missing 1004D for Certification of Completion - Due Diligence Vendor-01/16/2026 |
Ready for Review-please note a 1004D was uploaded as well with appraisal and credit file - Seller-01/19/2026 |
Resolved-Upon further review, a 1004D is not required. - Due Diligence Vendor-01/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 757 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.561 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7132163 | ||
| XXXX | 50 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1198 | 2026-01-12 14:57 | 2026-01-28 16:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received Final CD. Audited Reserves of 6.68 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. Guys, please refer to the prior upload (XXXX, uploaded last week) - The borrower had funds of $86,553.94 as follows: Gift funds for EMD - $12,840.00 + XXXX - $22,214.61 + gift funds of $51,499.33) Per the final CD (uploaded today) total funds of $64,261.01 were used as follow: $12,840.00 – EMD; $51,421.01 – Cash paid at closing. Borrower post close funds = XXXX. Please clear the finding. Thank you. Best, XXXX - Seller-01/26/2026 Counter-Reviewed assets are the same as the Lenders. Reviewed cash to close in $60,627.91. Lenders cash to close is $51,421.01 - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Team - circling back on the assets. See attached. Borrower had sufficient post close assets. NOTE - the borrower received a seller credit of $15,000 per the final CD. Please advise. Respectfully, XXXX - Seller-01/23/2026 Counter-No new document provided. Asset Document received (Balance: $22,214.61 ) is in file and was used for Cash to close/Reserves, Assets still short (Audited Reserves of 3.92 month(s) are less than Guideline Required Reserves of 6 month(s) Short funds for reserves. Gift funds listed on 1003 as $85,000, however; gift letter and receipt provided was $51,499.33.)- Finding still stands. - Due Diligence Vendor-01/22/2026 Ready for Review-ent received (Balance: $22,214.61 ) is in file and was used for Cash to close/Reserves, Assets still short (Audited Reserves of 3.92 month(s) are less than Guideline Required Reserves of 6 month(s) Short funds for reserves. Gift funds listed on 1003 as $85,000, however; gift letter and receipt provided was $51,499.33.) In XXXX parking lot for pick up - Seller-01/20/2026 Counter-Asset Document received (Balance: $22,214.61 ) is in file and was used for Cash to close/Reserves, Assets still short (Audited Reserves of 3.92 month(s) are less than Guideline Required Reserves of 6 month(s) Short funds for reserves. Gift funds listed on 1003 as $85,000, however; gift letter and receipt provided was $51,499.33.) - Due Diligence Vendor-01/15/2026 Ready for Review-Document Uploaded. Balance: $22,214.61 Reserve required: $20,031.36 - Seller-01/13/2026 Open-Audited Reserves of 3.92 month(s) are less than Guideline Required Reserves of 6 month(s) Short funds for reserves. Gift funds listed on 1003 as $85,000, however; gift letter and receipt provided was $51,499.33. - Due Diligence Vendor-01/12/2026 |
Ready for Review-Document Uploaded. Guys, please refer to the prior upload (XXXX, uploaded last week) - The borrower had funds of $86,553.94 as follows: Gift funds for EMD - $12,840.00 + XXXX - $22,214.61 + gift funds of $51,499.33) Per the final CD (uploaded today) total funds of $64,261.01 were used as follow: $12,840.00 – EMD; $51,421.01 – Cash paid at closing. Borrower post close funds = XXXX. Please clear the finding. Thank you. Best, XXXX - Seller-01/26/2026 Ready for Review-Document Uploaded. Team - circling back on the assets. See attached. Borrower had sufficient post close assets. NOTE - the borrower received a seller credit of $15,000 per the final CD. Please advise. Respectfully, XXXX - Seller-01/23/2026 Ready for Review-ent received (Balance: $22,214.61 ) is in file and was used for Cash to close/Reserves, Assets still short (Audited Reserves of 3.92 month(s) are less than Guideline Required Reserves of 6 month(s) Short funds for reserves. Gift funds listed on 1003 as $85,000, however; gift letter and receipt provided was $51,499.33.) In XXXX parking lot for pick up - Seller-01/20/2026 Ready for Review-Document Uploaded. Balance: $22,214.61 Reserve required: $20,031.36 - Seller-01/13/2026 |
Resolved-Received Final CD. Audited Reserves of 6.68 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-01/28/2026 |
Credit history exceeds minimum required - Borrower has credit history dating back to 2014 with no late payments. Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Residual Income Available |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7048608 | |
| XXXX | 50 | XXXX | C | A | C | A | C | A | A | A | Closed | FCOM3605 | 2026-01-12 09:06 | 2026-01-15 07:38 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved------Received CD XXXX and tested. Finding resolved. - Due Diligence Vendor-01/15/2026 Ready for Review-Document Uploaded. - Seller-01/13/2026 Open------Missing initial CD. - Due Diligence Vendor-01/12/2026 |
Ready for Review-Document Uploaded. - Seller-01/13/2026 |
Resolved------Received CD XXXX and tested. Finding resolved. - Due Diligence Vendor-01/15/2026 |
Credit history exceeds minimum required - Borrower has credit history dating back to 2014 with no late payments. Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Residual Income Available |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7035546 | |
| XXXX | 51 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-01-21 22:29 | 2026-01-22 15:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-The matrix allows for a reduction in the reserve requirement with a 5% LTV reduction. Max LTV updated from 90% to 85%. - Due Diligence Vendor-01/22/2026 Ready for Review-Escalated - Seller-01/22/2026 Open-Audited Reserves of 4.84 month(s) are less than Guideline Required Reserves of 6 month(s) Verified assets do not cover minimum reserves required per guidelines. - Due Diligence Vendor-01/22/2026 |
Ready for Review-Escalated - Seller-01/22/2026 |
Resolved-The matrix allows for a reduction in the reserve requirement with a 5% LTV reduction. Max LTV updated from 90% to 85%. - Due Diligence Vendor-01/22/2026 |
LTV is less than guideline maximum - LTV of 85% is below the maximum of 90% allowed per guidelines Required is 90 Borrower has 85 Qualifying DTI below maximum allowed - DTI of 46.73% is below the maximum allowed per guidelines of 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7230762 | ||
| XXXX | 52 | XXXX | C | A | C | A | A | A | C | A | Closed | FPRO1137 | 2026-01-13 07:40 | 2026-01-26 09:03 | Resolved | 1 - Information | C | A | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Received state validation of license. File contains current and previous license. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Please see license history from XXXX to current (if borrower had a gap, it would show a first renewal date of XXXX) - Seller-01/22/2026 Counter-Appraisal Date is XXXX and the effective date of the Appraisers License is XXXX. Finding remains. - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date Provide license that was effective prior to valuation. License provided reflects expiration date of XXXX. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. Please see license history from XXXX to current (if borrower had a gap, it would show a first renewal date of XXXX) - Seller-01/22/2026 Ready for Review-Document Uploaded. - Seller-01/17/2026 |
Resolved-Received state validation of license. File contains current and previous license. - Due Diligence Vendor-01/26/2026 |
LTV is less than guideline maximum - LTV is 65.38% and max allowed is 80% Required is 80 Borrower has 65.38 Qualifying FICO score is at least 20 points above minimum for program - Score is 731 and minimum allowed is 660 Required is 660 Borrower has 731 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7057512 | |
| XXXX | 52 | XXXX | C | A | C | A | A | A | C | A | Closed | FCRE2244 | 2026-01-13 08:39 | 2026-01-26 08:53 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Received revised appraisal confirming height of deck is low an no railing or health and safety. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Please see comment added about short height of the step, making this a non-issue. TY - Seller-01/22/2026 Open-Property Issues are identified for the property. Appraisal reflects railings missing on patio deck, which is a safety issue. Appraiser to address the safety issue. - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. Please see comment added about short height of the step, making this a non-issue. TY - Seller-01/22/2026 |
Resolved-Received revised appraisal confirming height of deck is low an no railing or health and safety. - Due Diligence Vendor-01/26/2026 |
LTV is less than guideline maximum - LTV is 65.38% and max allowed is 80% Required is 80 Borrower has 65.38 Qualifying FICO score is at least 20 points above minimum for program - Score is 731 and minimum allowed is 660 Required is 660 Borrower has 731 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 7058876 | |
| XXXX | 53 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0053 | 2026-01-20 12:00 | 2026-01-26 09:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Rider Missing based on Property Type selected | Resolved-Received Condo Rider. - Due Diligence Vendor-01/22/2026 Ready for Review-Document Uploaded. please see page 19 & 20 of attached document - Seller-01/21/2026 Open-Rider Missing from DOT screen based on Property Type selected on Property Page. Missing Condo Rider. - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. please see page 19 & 20 of attached document - Seller-01/21/2026 |
Resolved-Received Condo Rider. - Due Diligence Vendor-01/22/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 46.67 Required is 75 Borrower has 46.67 Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 600 - actual FICO score is 738. Required is 600 Borrower has 738 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7182103 | |
| XXXX | 54 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE8702 | 2026-01-20 14:16 | 2026-02-04 13:29 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received EIN - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. See upload EIN from IRS. - Seller-02/03/2026 Counter-Finding remains - Client provided W9 to document EIN, this is not acceptable. Evidence from IRS or Tax Preparer is required - Due Diligence Vendor-02/02/2026 Ready for Review-Document Uploaded. See W9 showing EIN belongs to XXXX - Seller-01/29/2026 Counter-Received Franchise Tax Account Status. Missing IRS EIN confirmation. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Please see uploaded EIN - Seller-01/23/2026 Open-The Business Entity Formation Document is incomplete The file does not contain a documentation reflecting the business entity's EIN. - Due Diligence Vendor-01/21/2026 |
Ready for Review-Document Uploaded. See upload EIN from IRS. - Seller-02/03/2026 Ready for Review-Document Uploaded. See W9 showing EIN belongs to XXXX - Seller-01/29/2026 Ready for Review-Document Uploaded. Please see uploaded EIN - Seller-01/23/2026 |
Resolved-Received EIN - Due Diligence Vendor-02/04/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 74.83 Required is 80 Borrower has 74.83 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 722 Required is 680 Borrower has 722 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 7185585 | |
| XXXX | 55 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2026-01-22 11:23 | 2026-01-27 11:46 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received Final Title. Item not reflected. - Due Diligence Vendor-01/27/2026 Ready for Review-Document Uploaded. Uploaded - Final Title Policy - Seller-01/24/2026 Open-Property Title Issue The file does not contain documentation to support that the following liens have been satisfied and released: XXXX - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. Uploaded - Final Title Policy - Seller-01/24/2026 |
Resolved-Received Final Title. Item not reflected. - Due Diligence Vendor-01/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 685 Required is 660 Borrower has 685 Months Reserves exceed minimum required - Borrower has 4 months reserves. Guidelines require 0. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7246062 | |
| XXXX | 55 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2026-01-22 12:02 | 2026-01-26 16:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-After further review, the 5% of borrower's own funds is total funds verified, not total funds in the transaction. The borrower has $49,413.82 verified, which is more than 5% of the sales price. - Due Diligence Vendor-01/26/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 70% Per the matrix, gift is allowed with 10% LTV/CLTV reduction from maximum or a minimum 5% of borrower's own funds. 5% of the purchase price of XXXX. The Final Closing Statement reflects that the borrower brought $28,800, which is less than 5% of the purchase price. Therefore, 10% LTV reduction applies. Max LTV allowed is 70%. - Due Diligence Vendor-01/22/2026 |
Resolved-After further review, the 5% of borrower's own funds is total funds verified, not total funds in the transaction. The borrower has $49,413.82 verified, which is more than 5% of the sales price. - Due Diligence Vendor-01/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 685 Required is 660 Borrower has 685 Months Reserves exceed minimum required - Borrower has 4 months reserves. Guidelines require 0. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7246892 | |||
| XXXX | 56 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-01-14 11:00 | 2026-01-28 15:20 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Recorded DOT w/Legal. - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. Uploaded Recorded copy of Complete Deed of Trust including Exhibit A. Please clear the finding. Thank you. Best, XXXX - Seller-01/27/2026 Counter-Received Exhibit A. Please provide chain of documents to confirm Exhibit A has been recorded with Deed of Trust. - Due Diligence Vendor-01/22/2026 Ready for Review-Document Uploaded. I love you Always - Seller-01/20/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal - Due Diligence Vendor-01/14/2026 |
Ready for Review-Document Uploaded. Uploaded Recorded copy of Complete Deed of Trust including Exhibit A. Please clear the finding. Thank you. Best, XXXX - Seller-01/27/2026 Ready for Review-Document Uploaded. I love you Always - Seller-01/20/2026 |
Resolved-Received Recorded DOT w/Legal. - Due Diligence Vendor-01/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 726 LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR =/> 1.00 and minimum is 0.85 or Less - dscr 1.059 Required is 0.8 Borrower has 1.059 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 7086899 | |
| XXXX | 57 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 58 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 59 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-01-25 20:00 | 2026-01-29 12:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator provided a waiver for LTV, applied to non material finding with comp factors - Non Material 5.13% variance. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. I have attached pce for the ltv change.Thanks - Seller-01/28/2026 Open-Audited LTV of 80.13% exceeds Guideline LTV of 75% Subject listed for sale w/in the past 6 months. Guides require using the lower of the lowest list price and appraised value. Audit recalculated the LTV utiliizing the lower list price of XXXX. Recalculated LTV of 80.13% exceeds maximum of 75% allowed. - Due Diligence Vendor-01/26/2026 |
Ready for Review-Document Uploaded. I have attached pce for the ltv change.Thanks - Seller-01/28/2026 |
Waived-Originator provided a waiver for LTV, applied to non material finding with comp factors - Non Material 5.13% variance. - Due Diligence Vendor-01/29/2026 |
Months Reserves exceed minimum required - > 24 months vs. 3 months required On time mortgage history exceeds guideline requirement - Borrower's VOR in file reflects rental history of 0x30x60+ months. Guides allow up to 1x30x12 month housing history. |
No Hits Reserves > 12 months Experienced Investor Minimum Consumer Debt. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 7287499 |
| XXXX | 60 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 61 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-01-21 12:03 | 2026-01-29 14:42 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $50.45.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----Received Client Support correspondence verifying information. Finding Resolved. - Due Diligence Vendor-01/29/2026 Counter----- Zero (0%) tolerance fees increased by $1,850.45 (Appraisal fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1,850.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. .45 is a rounding issue. - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $2,150.45.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $2,150.45 (Appraisal fee and Trust Review Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2,150.45, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-01/21/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 |
Resolved-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $50.45.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----Received Client Support correspondence verifying information. Finding Resolved. - Due Diligence Vendor-01/29/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.81 LTV is less than guideline maximum - Required is 90 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 770 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7209912 | |
| XXXX | 61 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-01-21 12:03 | 2026-01-28 11:02 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-----Received COC for decrease in fees. Finding Resolved. - Due Diligence Vendor-01/28/2026 Ready for Review-Document Uploaded. - Seller-01/27/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($17,977.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($18,200.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from $18,200 to $17,977 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $223.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-01/21/2026 |
Ready for Review-Document Uploaded. - Seller-01/27/2026 |
Resolved-----Received COC for decrease in fees. Finding Resolved. - Due Diligence Vendor-01/28/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.81 LTV is less than guideline maximum - Required is 90 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 770 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7209911 | |
| XXXX | 62 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 63 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | 64 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 65 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXX | 66 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-02-23 10:26 | 2026-02-23 13:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Lender provide the housing history which shows borrower was not in a bailout of any kid at the time of application. Although filed does not show Sept thru Feb, it is not required per the guides. - Due Diligence Vendor-02/23/2026 Open-Housing History Does Not Meet Guideline Requirements Non-Arm's Length Transactions must provide a 12-month mortgage history on the existing mortgage securing the subject property, confirming the Family Sale is not a foreclosure bailout. History in file does report any pmts from Oct 2025 through Jan 2026. printout has FOR language that must be address as well as ext fee - Due Diligence Vendor-02/23/2026 |
Resolved-Lender provide the housing history which shows borrower was not in a bailout of any kid at the time of application. Although filed does not show Sept thru Feb, it is not required per the guides. - Due Diligence Vendor-02/23/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.018 Required is 0.75 Borrower has 1.018 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7754802 | |||
| XXXX | 66 | XXXX | C | A | C | A | A | A | A | A | Closed | FPRO1249 | 2026-02-19 10:47 | 2026-02-23 10:42 | Resolved | 1 - Information | C | A | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Resolved-Upon further review, acreage is acceptable as DSCR is >1 - Due Diligence Vendor-02/23/2026 Counter-Document Uploaded. Tax certificate reflects jurisdiction of "XXXX;" appears agricultural. Additionally, the property is eligible on the USDA website and would be considered rural. - Due Diligence Vendor-02/20/2026 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program As per Guides, Rural specification allows max 5 acres(Appraisal indicates 8 acres) Also per XXXX and public record, Subject is Agricultural in Nature and will not meet guidelines, No evidence of an exception on file. - Due Diligence Vendor-02/19/2026 |
Resolved-Upon further review, acreage is acceptable as DSCR is >1 - Due Diligence Vendor-02/23/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.018 Required is 0.75 Borrower has 1.018 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 700 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7698756 | ||
| XXXX | 67 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 68 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2026-04-21 05:10 | 2026-04-21 12:18 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/21/2026 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/21/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 79.27 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 19.42 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 777 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 8785325 | |||
| XXXX | 69 | XXXX | C | B | C | A | C | B | A | A | Closed | FCRE1198 | 2026-04-23 13:07 | 2026-05-07 13:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received CPA letter confirming access to business accounts. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Hello Team, Please See CPA Letter - Seller-05/06/2026 Counter-Assets provided, however we are slightly short reserves. XXXX requires evidence of the ownership % and a CPA or accountant letter explaining use of the funds will not have a negative impact on the business. - Due Diligence Vendor-05/04/2026 Ready for Review-Document Uploaded. Please see the bank statements - Seller-05/01/2026 Counter-Received 1003 already in file. Please provide all asset statements to support balances reflecting on section 2a of 1003 confirming 4 mos P& Reserves. Review has confirmed no asset documentation received. - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. Please see section 2a. - Seller-04/28/2026 Counter-Review did not receive assets statements supporting those noted on final 1003. Please provide. - Due Diligence Vendor-04/27/2026 Ready for Review-The final 1003 shows XXXX form the final settlement statement. - Seller-04/24/2026 Open-Audited Reserves of 1.1 month(s) are less than Guideline Required Reserves of 4 month(s) Subject primary purchase loan XXXX. Borr short reserve funds XXXX (1.1mos verified), 4mos reserves required (XXXX). Per guides XXXX; LTV > 75% or Loan balance > $1M: 4 months P&I - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. Hello Team, Please See CPA Letter - Seller-05/06/2026 Ready for Review-Document Uploaded. Please see the bank statements - Seller-05/01/2026 Ready for Review-Document Uploaded. Please see section 2a. - Seller-04/28/2026 Ready for Review-The final 1003 shows XXXX form the final settlement statement. - Seller-04/24/2026 |
Resolved-Received CPA letter confirming access to business accounts. - Due Diligence Vendor-05/07/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 30.59 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8845559 | |
| XXXX | 69 | XXXX | C | B | C | A | C | B | A | A | Closed | finding-3635 | 2026-04-23 08:13 | 2026-04-30 13:00 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received request to remove initial incorrect LE. Finding Resolved. - Due Diligence Vendor-04/30/2026 Ready for Review-Please disregard the initial LE with the loan amount of XXXX - Seller-04/28/2026 Counter-Ten (10%) tolerance fees (Recording Fee) increased by $541.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $541.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: 04/14/2029. We have 2 initial CD's XXXX, one with a Loan Amount of XXXX which reflects no recording fees and one with a loan amount of XXXX which does. Need COC for change in fees. - Due Diligence Vendor-04/27/2026 Ready for Review-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($541.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). - Due Diligence Vendor-04/27/2026 Ready for Review-Document Uploaded. Please see the service provider list. As for the title fee increase, could you please elaborate on which one? - Seller-04/23/2026 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($3,741.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Unable to test properly, missing Service Provider List, please provide. Additional finding may apply upon receipt. Ten (10%) tolerance fees Title fees increased by $3,741 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $3,741.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Please disregard the initial LE with the loan amount of XXXX - Seller-04/28/2026 Ready for Review-Document Uploaded. Please see the service provider list. As for the title fee increase, could you please elaborate on which one? - Seller-04/23/2026 |
Resolved-Received request to remove initial incorrect LE. Finding Resolved. - Due Diligence Vendor-04/30/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 30.59 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8838416 | |
| XXXX | 69 | XXXX | C | B | C | A | C | B | A | A | Closed | FCOM5135 | 2026-04-23 07:33 | 2026-04-23 10:57 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/23/2026 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/23/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 30.59 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 8837808 | |||
| XXXX | 70 | 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 | ||||||||||||||||||
| XXXX | 71 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 72 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 73 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1181 | 2026-04-29 09:15 | 2026-04-30 15:02 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Received fully executed Notice of Special Flood Hazard Disclosure. - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. - Seller-04/29/2026 Open-Subject Property is in Flood Zone XXXX but Notice of Special Flood Hazard Disclosure was not provided Notice on file not signed/dated - Due Diligence Vendor-04/29/2026 |
Ready for Review-Document Uploaded. - Seller-04/29/2026 |
Resolved-Received fully executed Notice of Special Flood Hazard Disclosure. - Due Diligence Vendor-04/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 687 Months Reserves exceed minimum required - 42 mths reserves; 6 mths required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 8944678 | |
| XXXX | 74 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-04-28 09:37 | 2026-07-06 13:12 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/06/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-04/28/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/06/2026 |
LTV is less than guideline maximum - Required is 90 Borrower has 85 Months Reserves exceed minimum required - Min reserves 6 months / Borrower reserves 11.61 months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 713 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 8917604 | |||
| XXXX | 75 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-04-28 09:41 | 2026-05-12 10:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received back of EAD card. - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. Front and back of the EAD - Seller-05/08/2026 Counter-Received corrected 1003 and front copy of EAD card. Missing back copy of EAD card. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. The borrower applied for permanent residence but have not received it. As it stands the borrower is a non-permanent resident alien. See the attach EAD and revise 1003 that will reflect this. - Seller-05/05/2026 Open-Borrower Citizenship Documentation Is Missing The borrower stated they are a Permanent Resident Alien. Please provide Citizenship Documentation. Additional Findings may apply. - Due Diligence Vendor-04/28/2026 |
Ready for Review-Document Uploaded. Front and back of the EAD - Seller-05/08/2026 Ready for Review-Document Uploaded. The borrower applied for permanent residence but have not received it. As it stands the borrower is a non-permanent resident alien. See the attach EAD and revise 1003 that will reflect this. - Seller-05/05/2026 |
Resolved-Received back of EAD card. - Due Diligence Vendor-05/12/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 17.96 Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.22 Qualifying FICO score is at least 20 points above minimum for program - Required is 600 Borrower has 799 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 8917686 | |
| XXXX | 76 | XXXX | C | B | A | A | C | B | A | A | Closed | finding-47 | 2026-04-28 11:53 | 2026-05-07 13:10 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. PCCD attached to confirm date of funding. - Seller-05/05/2026 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ----- Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-04/28/2026 |
Ready for Review-Document Uploaded. PCCD attached to confirm date of funding. - Seller-05/05/2026 |
Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-05/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 781 Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8922647 | |
| XXXX | 76 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM1267 | 2026-04-28 10:56 | 2026-04-29 07:38 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Partially Provided | Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is XXXX and Occupancy is Primary Residence) ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/28/2026 |
Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is XXXX and Occupancy is Primary Residence) ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 781 Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 8919522 | |||
| XXXX | 77 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-05-04 13:33 | 2026-07-06 13:34 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/06/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/04/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 792 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 36.71 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 9027562 | |||
| XXXX | 77 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM1124 | 2026-05-04 12:45 | 2026-07-06 13:34 | Resolved | 1 - Information | B | A | Compliance | Data | Borrower 1 Final Signature Date is in the future | Waived-Borrower 1 Final Signature Date is greater than the transaction date of XXXX -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/04/2026 |
Waived-Borrower 1 Final Signature Date is greater than the transaction date of XXXX -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 792 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 36.71 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 9026489 | |||
| XXXX | 78 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |