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| Exception Detail | ||||||||||||||||||||||||||||||||||
| Run Date - 07/27/2026 6:27:46 PM | ||||||||||||||||||||||||||||||||||
| Evolve Loan ID | Customer Loan ID | Seller Loan ID | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | Exception | Exception Detail | Exception Information | Exception Remediation | Compensating Factors | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | Exception Level Rating | Note Date | Property State | Occupancy | Purpose | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Final Loan Grade | Compliance Initial Loan Grade | Compliance Final Loan Grade | Property Initial Loan Grade | Property Final Loan Grade | Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXXXXXXXX | 4000089783 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income calculation worksheet self employed | A XXXX statement analysis worksheet was not provided. XXXXXXXX worksheet. | Received XXXX statement income worksheet using XXXX expense factor | 09/29/2025 | A | 1 | XXXXXXXXXX | NY | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000095623 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX co-borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Documents received | 10/01/2025 | A | 1 | XXXXXXXXXX | GA | 3 | 1 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000096568 | XXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | Provide fraud report with all high and medium alerts cleared. | Received XXXXXX report with no alerts | 10/08/2025 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000091678 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXX appraisal was not completed by an XXXX approved XXXXXXXXXXX | Client waived with compensating factors: XXXX borrower has a XXXX XXXXX with XXXX required; XXXX mortgage reported on credit is paid XXXXXXXXX XXXXXXXX required. XXXX borrower has over XXX months in reserves or XXXXXXXXXXX and XX is required. | 09/04/2025 | B | 2 | XXXXXXXXXX | MI | 3 | 1 | C | B | C | B | N/A | N/A | C | B | Exempt | 1 | |||||||
| XXXXXXXXX | 4000092481 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | All income documents including the X | Verification of XXX received | 10/17/2025 | A | 1 | XXXXXXXXXX | FL | 1 | 13 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000092481 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Fraud XXXXXXX with high and medium alerts clear missing from file. | Received XXXXXX report with alerts cleared | 10/27/2025 | A | 1 | XXXXXXXXXX | FL | 1 | 13 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000092481 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | All income documents are missing from the loan file. XXXX credit review is on hold until documents are received. | P | 10/23/2025 | A | 1 | XXXXXXXXXX | FL | 1 | 13 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000095115 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX are a XXXXX time XXXXXXXXXXX XXXXXX short term rents which are not allowed for XXXXX time XXXXXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XX months reserves are required. XXXXXXXXXX have XXXXXXX mo reserves. XXXXXXXX owner occupied mortgage history is XXXXXXXXXX XXXXXXXX program score is XXXXXX XXXXXXXXXX qualifying score is XXXXX | 10/06/2025 | B | 2 | XXXXXXXXXX | WA | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000095115 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Other income documentation missing/incomplete | XXX per the XXXXXXXXXXXX analysis and final approval, the subject is going to be used for a short term rental. XXXXXX is a XXXXX (single family comparable rent schedule) which lists a rent like someone would be occupying it on a monthly basis. XXXXX to know what the short term rent will be. | Exception approval received to use XXXXX rental income instead of short term rental. XXXXXXXXXXXXX XXXXXXXXX XX months reserves are required. XXXXXXXXXX have XXXXXXX mo reserves. XXXXXXXX owner occupied mortgage history is XXXXXXXXXX XXXXXXXX program score is XXXXXX XXXXXXXXXX qualifying score is XXXXX | 10/08/2025 | B | 2 | XXXXXXXXXX | WA | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000095654 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX is in a declining market. XXX per XXXXXXXXX guidelines, management approval is required. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XX months reserves required, borrower has XXXXXX months reserves. XXXXXXXXX income of XXXXXXX is required. XXXXXXXXX has XXXXXXXXXXX in residual income. XXXX XXXX of XXXXXXXX vs a maximum of XXXX (includes the XXX reduction for a declining market on a non warrantable condo) | 10/10/2025 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000095631 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX per XXXXXXXXX guidelines, a XXXXXXXXX must have a primary mortgage history with a maximum XXXXXXXX history | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXX on XXXXXXXXXXX mortgage with similar history on other investment properties. XXXXXXXX XX months reserves. XXXXXXXXX has XXXXXX months. XXXXXXXX XXXX is XXXXXX XXXXX XXXX is XXXXXXXXX | 10/07/2025 | B | 2 | XXXXXXXXXX | AZ | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000094595 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX required for XXXXX XXXXXX per XXXXXXXXX XXXXXXXXXXX XXXXXXXX | Exception approval received for XXXXXXX XXXXXXXXXXXXX XXXXXXXX - XXXX XXXXX score XXXXX good job history, mortgage history. XXX files since XXXX | 10/09/2025 | B | 2 | XXXXXXXXXX | GA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000093254 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Title commitment/addendum reflecting loan amount XXXXXXXXX missing from file. | CPL is acceptable in lieu of final title policy per lender | Reviewer 10/22/2025 09:51 PM; Received the closing protection
letter. XXXX not receive updated title
commitment with the loan amount coverage of XXXXXXXXX |
10/23/2025 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000097518 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX to allow gift on investment transaction. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXXX in residual XXXXXXX where XXXXXXX is required, XXX months reserves, low XXXX of XXXX where XXXX XXXX is maximum. | 10/21/2025 | B | 2 | XXXXXXXXXX | KY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000097518 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX for waiver of XXXXX and XXXXXX time investor requirements to maximum XXXX XXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXXX in residual XXXXXXX where XXXXXXX is required, XXX months reserves, low XXXX of XXXX where XXXX XXXX is maximum. | 10/21/2025 | B | 2 | XXXXXXXXXX | KY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000098362 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Mortgage | XXX per XXXXXXXXX guidelines, the past mortgage history must not exceed XXXXXXXXXX XXXX XXXXXXXXX shows no mortgage history. | Properties were owned free and clear. XXXXXXX a mortgage history is not a requirement | Client 10/24/2025 11:46 AM; Properties were owned free and
clear. XXXXXXX a mortgage history is not a requirement. XXXXXX you. Reviewer 10/26/2025 05:37 PM; Condition has been reviewed. XXX |
10/26/2025 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000098362 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX per XXXXXXXXX guidelines, the minimum unit size must be XXXX XXX or larger. XXXX all units meet this requirement. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XX months reserves are required. XXXXXXXXX has XXXXXXX reserves. XXXXXXXX XXXX is XXXXXX XXXXX XXXX is XXXXXXXXXX XXXX minimum XXXXX is XXXXXXX XXXX loan XXXXX is XXXXXXXXX | 10/23/2025 | B | 2 | XXXXXXXXXX | CA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000088087 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Proof of ownership through XXXXX client bought property in XXXXX through XXXXX since then added XX XXXXX to ownership via quit claim deeds and in XXXXXXXX made a transfer to another XXXX (current title holder and one closing the loan on title) through XXXXX exchange under the advisement of financial attorney. XXXX XXXXX owned by borrower. | Compensating XXXXXXXXX XXXX XXXX XXXXXXXXX XXXXXXXX over XXXX months (based on cash out); credit score XXX | 11/04/2025 | B | 2 | XXXXXXXXXX | TN | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000098981 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal - Completion Certification | Appraisal was completed subject to repairs. XX XXXXXX was provided, however the items required to be completed on the original appraisal were not fully completed. XXXXXXXX XXXXXX reflecting all items were satisfactorily completed. | Received final inspection. | 11/19/2025 | A | 1 | XXXXXXXXXX | PA | 1 | 1 | C | A | A | A | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000099957 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXX self-employment less than the two years required by guidelines. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX in residual income where XXXXX is the minimum required, XXXX of XXXX where XXXX is the maximum required, XXXXXXXXXXXXX in reserves post closing. | 11/03/2025 | B | 2 | XXXXXXXXXX | TX | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000099957 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXX payment shock is XXXXXXX XXXXXXXX shock for subject is XXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX in residual income where XXXXX is the minimum required, XXXX of XXXX where XXXX is the maximum required, XXXXXXXXXXXXX in reserves post closing. | 11/03/2025 | B | 2 | XXXXXXXXXX | TX | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000100115 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXX use of XXXXXXXX appraisal. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXXX in residual income where XXXXXXX is required, XXX months of reserves after closing, XXXX of XXXX where XXXX is the maximum allowed. | 11/03/2025 | B | 2 | XXXXXXXXXX | SC | 1 | 13 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000094925 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXX guidelines maximum XXXX for a non-warrantable XXXXXX is XXXXXX XXXXX was closed at XXXXX | Received exception approval for XXX condo XXXXXX XXXXXXXXXXXXX XXXXXXXX - stable primary residence for XXX years, XXXXXXX reserves, XXXXXX XXX | 11/04/2025 | B | 2 | XXXXXXXXXX | MA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000100245 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXX funds not permitted on XXXXX loans. XXXXX approval in file allowing gift funds. | Compensating factors: XXXXXXX depth since XXXXXX XXXXX XXXX well above minimum requirement of XXXXXX XXXXXXXXX has owned primary residence for XXX years. XXXXXXXXX history paid as agreed. | 11/04/2025 | B | 2 | XXXXXXXXXX | MI | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000097960 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Guidelines require borrower to have owned an investment property the prior XXX months. XXXXXXXXX owned a property until XXXXXXXXXXX and is considered a XXXXX with no investment experience. XXXXXXXXXX approved for XXXX without a recent XXX month owning a property. | Compensating XXXXXXXXX XXXXXXXXX > XXX months XXXXX months); borrower shows > XXXX months of mortgage payments timely across XX loans over time. | 11/11/2025 | B | 2 | XXXXXXXXXX | PA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000094615 | XXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - | Please provide a fully executed XXXXXXXXX XXXXXXXXX for XXXXX XXXXXXXXXX | Reviewer 11/12/2025 08:12 AM; Section XX is missing the date and
XXXXXXXX XXX of the XXXXXXXXX guaranty has not been completed. XXXXXXX provide completed XXXXXXXXX
guaranty with all corrections initialed by the borrower |
11/14/2025 | A | 1 | XXXXXXXXXX | PA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000100103 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXX loan program require a minimum of XX months rent loss insurance be provided. XXXX policy provided does not indicate any rent loss insurance was included. | Received XXXX with rent loss insurance XXXXX months rent loss coverage | 11/22/2025 | A | 1 | XXXXXXXXXX | GA | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000095898 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XX second appraisal is required in lieu of a XXXXX XXXXXXX with loan amounts greater than XXXXXXX million (not including financing of points) for purchase money and refinance transactions. | Client waived with compensating XXXXXXXXX XXXX XXXX where max XXXX XXXXXX XXXX XXXXX where a minimum XXXX XXXXX required. XXXXXXX to qualify is pension and asset depletion. | 11/12/2025 | B | 2 | XXXXXXXXXX | IN | 1 | 3 | C | B | A | A | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000101644 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX management approved XXXX income verified for XXX income. | Client XXXXXXX with XXXXX XXXXXXXXX XXXXXXXXXX XXXXXXX history, XXXXXXXXXX mtg payment history with no lates. XXXXX XXXX over min required XXXXX of XXXXXX XXXX XXXX XXXX under max allowed of XXXX XXXXXX XXXXXXXXXX reserves of XXXXXXXXX months, over required reserves of XXXXX | 11/11/2025 | B | 2 | XXXXXXXXXX | WA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000101644 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXX XXXX payment shock is XXXXX when XXXX is over XXXXXX XXXXXXXXXX XXXXXXXXX XXXXXXXX shock over XXXXXXX | Client XXXXXXX with XXXXX XXXXXXXXX XXXXXXXXXX XXXXXXX history, XXXXXXXXXX mtg payment history with no lates. XXXXX XXXX over min required XXXXX of XXXXXX XXXX XXXX XXXX under max allowed of XXXX XXXXXX XXXXXXXXXX reserves of XXXXXXXXX months, over required reserves of XXXXX | 11/11/2025 | B | 2 | XXXXXXXXXX | WA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000101644 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX XXXX appraisal is missing from the loan file, as required for the loan amount. XXXX credit review is on hold until documents are received. | Appraisal received | 11/11/2025 | A | 1 | XXXXXXXXXX | WA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000099649 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Mortgage | XXXX borrower does not have the XXXXXXXX recent mortgage history that is required on the XXXXXX XXXXXX XXXX XX program. | Client waived with compensating factors: XXXXX is XXXX and the required XXXXX is XXXXXX XXXX borrower has XXX years of good credit with previous mortgage paid on time XXXXXXXXXX XXXX residual income is XXXXXXXXXXXXX and the required residual income is XXXXXXXXXXXXX | 10/31/2025 | B | 2 | XXXXXXXXXX | UT | 1 | 1 | C | B | C | B | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000099649 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | XXXX borrower qualified with income from self-employment under the XXXXXX XXXXXX XXXX XX XXXX statement program. XXXX program requires XXX or XXX months of business XXXX statements. XXXX borrower is using XXXXX XXXXX approval for less than XXX months business XXXX statements. | Client waived with compensating factors: XXXXX is XXXX and the required XXXXX is XXXXXX XXXX borrower has XXX years of good credit with previous mortgage paid on time XXXXXXXXXX XXXX residual income is XXXXXXXXXXXXX and the required residual income is XXXXXXXXXXXXX | 11/10/2025 | B | 2 | XXXXXXXXXX | UT | 1 | 1 | C | B | C | B | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000099649 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Satisfactory 2nd Appraisal Report | XXXXXXXX XXXX XXXXX appraisal report with original photos, required under all loan programs when the loan amount exceeds XXXXXXXXXXXXXXXX XXXX loan amount is XXXXXXXXXXXXXXXX XXXXXXX submit. | Received XXXX XXXXX supporting value | 11/09/2025 | A | 1 | XXXXXXXXXX | UT | 1 | 1 | C | B | C | B | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000101195 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXX XXXXXXXX approved to use XXXXXXX at XXXX multiplier vs XXXXX rent. | COMPENSATING XXXXXXXXX XXXXXXX XXXXXXX with XXXXX XXXXXXXXX XXXXXXXXXXXX investor, XXXXXXXXXX credit history no derogs, not a credit abuser, XXXXX XXXX over min XXXXX req of XXXXX XXXX XXXX XXXXXXXXX under max allowed XXXX XXXXX XXXXXXXXXX reserves XXXXXXXXXXXXX over min required XXXX reserves. | 11/07/2025 | B | 2 | XXXXXXXXXX | TX | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000101011 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 11/07/2025 | A | 1 | XXXXXXXXXX | MA | 3 | 13 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000097428 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Private XXXXX and pay histories for all recently paid off private mortgages tied to the subject property will be required. XXXX guidelines XXXXXX private-party XXXXXX will require exception approval. XXXXXXXX approved exception. | Client waived with compensating factors: XXXX of XXXXXXXXX XXXXXXXXXXXXX reserves after closing, XXXXX XXXXX XXX mortgage lates or derog credit on credit history, XXXX XXXX of XXXXXXXXXX | 12/03/2025 | B | 2 | XXXXXXXXXX | CA | 1 | 13 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000097428 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | An approved exception for unique property and unpermitted additions will be required (per investor guidelines XXXXXXXXXX XXXX XXXX appraiser XXXX XXXXX XXXXX public records show the subject is a XXXXX sq ft XXXX with XX bedrooms and XX bathrooms. XXXX property actually has XX bedrooms, XX full bathrooms, XX half baths, including a detached exterior bathroom near an outdoor gym area, with a XXXX of XXXXX sq ft. XXXXXXXXXX was made with the assumption that all additions and improvements were legal, permitted, and met all code requirements. XXXX XXXXXXXXXX was unable to locate comps with an exterior bath similar to the subject, which is deemed a unique feature. XXXX XXXXXX entry steps have XX risers and no handrail. XXXXXXXX XXXX requirements are handrails for XX risers or more. | COO and permits received. XXXXXXX waived with compensating factors: XXXX of XXXXXXXXX XXXXXXXXXXXXX reserves after closing, XXXXX XXXXX XXX mortgage lates or derog credit on credit history, XXXX XXXX of XXXXXXXXXX | Reviewer 12/05/2025 01:39 PM; Provide permits and XXXX in
accordance with exception for unique property. |
12/08/2025 | B | 2 | XXXXXXXXXX | CA | 1 | 13 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000097428 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Approval | UW Approval - UW Approval - 1008 or 92900 LT missing | A XXXXX was not provided. XXXXXXXX final XXXXXX | Received final XXXX | 12/01/2025 | A | 1 | XXXXXXXXXX | CA | 1 | 13 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000097821 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Guidelines for the XXXXXXXXX XXXXXX XXXXX loan program reflect a maximum XXXX over XXXX and up to XXXX is not allowable for a XXXXX time home buyer. XXXX borrower is a XXXXX time with no prior rental or mortgage history. | DTI is XXXXXXXX XXXX was incorrectly calculated as XXXXXX per month. XXX is XXXXX per month. XXXXXXX corrected | 12/03/2025 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000102447 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Gift Receipt | XXXXXXXX evidence the gift funds were transferred to title company at or prior to closing. | Received gift receipt documentation | Reviewer 11/19/2025 04:01 PM; Received XXXXX of XXXXXXXXXX dated
XXXXXX from XXXXXXXXXXX XXXXX and XXXXXXXXX XXXXXXXXXX XXXXXXXXX account.
XXXXXX not locate documentation of the receipt of gift XXXXXXXXXX from the
donor's account. |
11/20/2025 | A | 1 | XXXXXXXXXX | HI | 1 | 1 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000103303 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Deed of Trust/Mortgage | Deed of Trust/Mortgage - Other: | XXXXXXXX XX is missing from file. XXXXXXX provide, along with XXXX to re-record. | Exhibit XX provided | 11/21/2025 | A | 1 | XXXXXXXXXX | IL | 3 | 3 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000101974 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Letter of Explanation | XXXXXXXX letter of explanation for large deposit of XXXXXXXXXXXXX from XXXX XXXXXXX to XXXXXX XXXXXXXXX | As noted on cash to close, the XXXXXXXXXXXXX deposited into XXXXXX XXXXXXX is where the borrower closed the XXXX account and moved it to XXXXXX XXXXXXX | Client 11/17/2025 11:48 AM; As noted on cash to close, the
XXXXXXXXXXXXX deposited into XXXXXX XXXXXXX is where the borrower closed the
XXXX account and moved it to XXXXXX XXXXXXX XXXXXX you. Reviewer 11/17/2025 01:12 PM; Condition has been reviewed. XXX |
11/17/2025 | A | 1 | XXXXXXXXXX | MT | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000099889 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Hazard Insurance | Hazard Insurance - Other: | XXXXXXXXXX effective date must be on or before loan disbursement date. XXXXXXXXXX XXXXXXX in file has an effective date of XXXXXXXXXXX XXXXX disbursed on XXXXXXXXXXX XXXXXXXX proof hazard insurance was in effect at the time of loan disbursement date. | Updated hazard provided | 11/20/2025 | A | 1 | XXXXXXXXXX | OR | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000099889 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Hazard Insurance | Hazard Insurance - Other: | XXXXXXXXX of insurance must indicate premium amount. XXXXXXXXXX policy in file does not provide premium amount. XXXXXXXX proof of insurance premium. | Updated hazard provided | 11/20/2025 | A | 1 | XXXXXXXXXX | OR | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000099889 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX per XXXXXXXXX guidelines, XXXX XXXXX must be XX or greater for a short term rental income loan. XXXXX is below XXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXX XXXX allowed is XXXXXX XXXXX XXXX is XXXXXXXXX XXXX months reserves are required. XXXXXXXXX has XXXXXXXX mo reserves. XX score of XXXX is required for XXXX XXXXXX XXXXXXXXX has a XXXX score. | 11/19/2025 | B | 2 | XXXXXXXXXX | OR | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000102194 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - LTV/CLTV does not meet parameters | XXXX of XXXX exceeds the guideline maximum of XXXX for non-warrantable condos. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXX XXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXXXX mortgage payment history; XXXX of XXXXXXXXX where the guideline maximum allowable is XXXXX XXXXX XXXXXXXXX XXXXXXX of XXXXXXXXXXXX where the guideline minimum is XXXXXXXXX and XXXXXXX months of reserves where the guideline minimum requirement is XX months. | 11/17/2025 | B | 2 | XXXXXXXXXX | CO | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000102124 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | A fraud report with all high and medium alerts cleared was not provided. | Received fraud report with alerts cleared | 12/09/2025 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000100473 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Exception approved to utilize higher income reflected on income calculation vs. original income listed on loan application. | Compensating XXXXXXXXX XXXXXXXXX XXXXX XXXX XXXXXX and XXXX months reserves | 12/11/2025 | B | 2 | XXXXXXXXXX | CA | 1 | 13 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000103236 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Sales Contract | Sales Contract - Compliance \ Sales Contract missing | Please provide the sales contract/purchase agreement. | FSBO | 12/17/2025 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | A | A | C | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000103770 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX for allowing XXXX co-borrower on a refinance and use of their income (co-borrower was also on the purchase). | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXX on XXXXXXXXX XXXXXXXXXXXXX XX months reserves required but XXXXXXXXXX have XXXXXXX months. XXXXXXXXX XXXXXXXXX income is XXXXXXXXX XXXXXXXXX residual income is XXXXXXXXXX | 12/10/2025 | B | 2 | XXXXXXXXXX | TX | 1 | 3 | D | B | D | B | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000103770 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing/Incomplete Verbal VOE | XX verbal XXXX dated within XXX days of the note date is required for all wage earners. XX XXXXX for the co-borrower was not provided. | Received XXX day XXXXX for XX | 12/15/2025 | A | 1 | XXXXXXXXXX | TX | 1 | 3 | D | B | D | B | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000103770 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID- Fee Tolerance Violation | XXXXX tolerance violation of XXXXXX due to increase in doc prep fee with no valid coc. XXXXXXX provide evidence of refund along with XXXX to borrower and XXXXX reflecting cure. XXXX must be issued within XXX days of consummation. | PCCD provided | XXXXXX | B | 2 | XXXXXXXXXX | TX | 1 | 3 | D | B | D | B | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000103770 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons. Additional conditions may apply. | Testing completed | 12/19/2025 | A | 1 | XXXXXXXXXX | TX | 1 | 3 | D | B | D | B | C | B | A | A | Safe Harbor QM (APOR) | 1 | ||||||||
| XXXXXXXXX | 4000103770 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID Other | XXXXX is non-trid compliant due to apr increasing more than XXXXXX on XXXXX XXX and the required XX day waiting period was not given (file contains cd's issued XXXXXXX XXXXXX and XXXXXXX if there was another XXX disclosed between XXXXXX and XXXXX please provide for further review) | PCCD provided | 12/19/2025 | A | 1 | XXXXXXXXXX | TX | 1 | 3 | D | B | D | B | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000107580 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX assets are from trust account. XXXXXXXXXX approval from senior management in file allowing for XXXXX or required assets to be in trust account. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX XXXX less than maximum XXXX of XXXXXX XXXXXXXXX of XXXXXXXX greater than required reserves of XXXXXXXXX XXXX XXXXX of XXXX greater than minimum XXXXX of XXXXXX XXXXX of XXXXXX greater than required XXXXX of XXXXXXX | 12/23/2025 | B | 2 | XXXXXXXXXX | MI | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000105676 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXXX XXXXXX properties require XXX management XXXXXXXXXXX XXXXXXXXXX XXXXXXXXX XXXXXX property. | Client XXXXXXX with XXXXX XXXXXXXXX XXXXXXXXX has excellent mtg history with no lates, XXXXXXXXXX credit history with no derogs, XXXXX XXXX above min required XXXXX of XXXXX XXXX XXXX XXXXXXXXX under max XXXX allowed, XXXX XXXX XXXXXXXXX under max allowed XXXX of XXXXX XXXXXXXXXX reserves of XXXXXXX months over XX reserves required. | 12/12/2025 | B | 2 | XXXXXXXXXX | WY | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000105676 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - 2yr Employment history not verified | XXXXXXXXXXXX XXXXX be XX yrs XXXXXX XXXXXXXXXX XXXXXXXXX less than XX yrs XXXXX | Client XXXXXXX with XXXXX XXXXXXXXX XXXXXXXXX has excellent mtg history with no lates, XXXXXXXXXX credit history with no derogs, XXXXX XXXX above min required XXXXX of XXXXX XXXX XXXX XXXXXXXXX under max XXXX allowed, XXXX XXXX XXXXXXXXX under max allowed XXXX of XXXXX XXXXXXXXXX reserves of XXXXXXX months over XX reserves required. | 12/12/2025 | B | 2 | XXXXXXXXXX | WY | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000105466 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 12/11/2025 | A | 1 | XXXXXXXXXX | CA | 1 | 13 | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000105113 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Updated Review required | XXXXXXXX an updated loan approval reflecting the XXXXXXXXXXXX XXXXX XXXXXXXXXX XXXXXXXX was utilized | Received revised loan approval | 12/16/2025 | A | 1 | XXXXXXXXXX | TN | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000105113 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXX XXXXXXXX XXXXXX is XXX XXXXXXXXX on XXXXXXXXXXXX XXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX approval in file approving higher payment shock in file, this is due to borrower going from free and clear property | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX of XXXX is lower than max XXXX of XXXXXX XXXX XXXXX of XXXX is greater than minimum XXXXX of XXXXXX XXXXXXXXX of XXXXXXXXX greater than required XXXXXXXXXX XXXXXXXXX income of XXXXXXXX greater than required XXXXXX | 12/10/2025 | B | 2 | XXXXXXXXXX | TN | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000107378 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 12/22/2025 | A | 1 | XXXXXXXXXX | UT | 3 | 1 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000107790 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Subject does not meet the minimum required footage of 600 sq. ft. | Client waived with compensating factors: residence times of 4 and 20 years, both borrowers have perfect mortgage history, credit depths of 17 and 26 years. | 12/27/2025 | B | 2 | XXXXXXXXXX | CA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000107790 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Provide full credit report for borrower xxxxx xxxxxx | Credit Report provided | 12/30/2025 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000107581 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Super-Prime Bank Statement Program requires 24 months of self-employment income. Exception approval from senior management in file allowing 12 months of self-employment income. | Compensating Factors: DTI of 44.71% lower than maximum DTI if 50%. CLTV of 80% lower than MAX LTV of 90%. Reserves of $XXXXX greater than required $XXXXX. MID FICO of 759 greater than minimum required of 660. Residual Income of $XXXXX greater than required residual income of $XXXX. | 12/22/2025 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000107581 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Super-Prime Bank Statement Program requires 12 months of primary housing payments. Borrowers live rent free. Exception Approval in file waiving 12 months of primary housing payments. | Compensating Factors: DTI of 44.71% lower than maximum DTI if 50%. CLTV of 80% lower than MAX LTV of 90%. Reserves of $918888 greater than required $25379. MID FICO of 759 greater than minimum required of 660. Residual Income of $19560 greater than required residual income of $2250. | 12/22/2025 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000106103 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Application | Application - is missing | Initial application with application date is missing from file. XXXXXXX provide initial application with application date. | Information provided | 01/27/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000109117 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX per XXXXXXXXX guidelines, a XXXXXXXXX must be self employed XXXX years. XXXXXXXXX has been XXXXXXX since XXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXX residual income of XXXXXXXXX XXXXXXXXXX residual income is XXXXXXXXXXXXXXX XXX reserves are required. XXXXXXXXX has XXXXXXXX months reserves. XXXXX mortgage on prior home XXXXXXXXX | 01/08/2026 | B | 2 | XXXXXXXXXX | TN | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000109117 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Mortgage | XXXXXX of XXXXXX mortgage payment. XXXXXXXX | Received XXXX XXXXX statement reflecting XXXX XXXXX payment is due | 01/09/2026 | A | 1 | XXXXXXXXXX | TN | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000105915 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - LTV/CLTV does not meet parameters | Maximum XXXX of XXXX for the XXXXX loan program when the XXXXX is more than or equal to XXXXXX but less than XXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXX has XXX months reserves; XXXXXXXXX XXXX XXXXXX required); experienced investor. | 01/20/2026 | B | 2 | XXXXXXXXXX | NY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000105915 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Source of Large Deposit | A large deposit of XXXXXXXXXXXXXX dated XXXXXXXXXXX was included in the borrower''''s assets. XXXXXXXX evidence of the source of funds along with a letter of explanation as required per guidelines. | Gift XXXXXXX and copy of deposited check provided | 01/20/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000109063 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXX loan program require for borrowers closing in an XXXXXXX a XXXX XXXXXXXXXXXXXXX XXXXXXX be provided. XXX XXXX XXX was provided. | Received XXXX | 01/26/2026 | A | 1 | XXXXXXXXXX | SC | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112661 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXX XXXXXXXXXXXX may approve the use of an appraisal not completed by an XXXX or by an XXXX not on its approved XXXX XXXXX for arms-length purchase transactions; refinance and XXXXX requires XXXXXXX XXXXXXXXXXX approval. | Client XXXXXXX with compensating XXXXXXXXXXXX XXXXX where a minimum XXXX required. XXXXXXXXX refi with no payoff due to construction loan paid in full. XXXXXXXX XXXX where a maximum XXXX XXXX allowed. | 01/26/2026 | B | 2 | XXXXXXXXXX | FL | 1 | 13 | C | B | A | A | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110699 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit - Insufficient | XXXXXXXXXXX XXXXX accounts do not satisfy the minimum trade line requirements. XXX XXXXXX active tradelines on credit report, only authorized user. | Client waived with compensating factors: XXXX XXXXXXXX where a minimum XXXX of XXXX required. XXXX has owned primary residence for XXX years. XXXX XXXXX where a minimum XXXXX of XXXX required. | 01/20/2026 | B | 2 | XXXXXXXXXX | CT | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000111582 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income calculation worksheet self employed | XXXXXXXX XXXX statement analysis worksheet for the borrower. | XXXX XXXXXXXXXX XXXXXXXXX XXXXXXXXXX provided. | 01/23/2026 | A | 1 | XXXXXXXXXX | TN | 1 | 13 | C | B | C | A | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000111582 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | XXXXXXXX a complete XXXXXXXXX continuous business XXXX statements history, in file XXXX statements provided are for XXXXXXXXX through XXXXXXXXXXX and XXXXXXXXXXXXXXXXXXXXX which is an XXXXXXXXX continuous account history. | Received XXX month income worksheet | 01/23/2026 | A | 1 | XXXXXXXXXX | TN | 1 | 13 | C | B | C | A | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000111582 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Collateral not acceptable/warrantable | XXXXXXXX property is XXXXXXX acres > the maximum XXX acres permitted under the XXXXXXXXXXXX XXXXX XXXXXXXXXX XXXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXX XXXXXXXX XXXXXXXXX of XXXXXXX months where guideline require XX months; XXXX of XXXXXXXXX where the guideline maximum is XXXXX XXXXX XXXX where the guideline minimum for the XXXX XXXXX and XXXXX XXXXXXX of XXXXXXXXXXXXX | 01/23/2026 | B | 2 | XXXXXXXXXX | TN | 1 | 13 | C | B | C | A | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110926 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXX listed for sale as of the application date are ineligible for refinances. XXXX property was listed for sale XXXXXXXXXX and active at the time of the appraisal. | Provided proof from XXXXXXX and XXXXXXXXXXXXX that the property was no longer listed. XXXXXXXXXXXXXX received proof that the property has been listed for rent. | Client 01/20/2026 02:44 PM; We have proof from XXXXXXX and
XXXXXXXXXXXXX that the property was no longer listed. XXXXXXXXXXXXXX we have
proof that the property has been listed for rent. XXXXXX you. Reviewer 01/20/2026 03:07 PM; Condition has been reviewed. |
01/20/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000110926 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXXX of the XXXX listing cancellation is missing from the file. | Provided proof from XXXXXXX and XXXXXXXXXXXXX that the property was no longer listed. XXXXXXXXXXXXXX received proof that the property has been listed for rent. | 01/20/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000110926 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Rental | XXXXXXXXX rental verification required but missing from the file. | Lease provided reflects XXXXXXXXXXXXXX supported by XXXX statement deposits received | 01/20/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000110695 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX XXXX statement income calculation worksheet is missing from the loan file. XXXX credit review is on hold until documents are received. | Documents received | 01/16/2026 | A | 1 | XXXXXXXXXX | OK | 1 | 1 | D | A | D | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110695 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit - Insufficient | XXXXXXXXXXX require a minimum of XX active tradelines. XXXXXXXXX has XX active tradeline. | Sr. XXXXXXXXXXX approved tradelines of XX active due to previous credit history | 01/22/2026 | A | 1 | XXXXXXXXXX | OK | 1 | 1 | D | A | D | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110695 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Other income documentation missing/incomplete | XXXXX is missing XXXX statements to support XXXX statement income used. XXXXX contains XX months XXXX statements. | No longer needed, changed doc type to full. | 01/20/2026 | A | 1 | XXXXXXXXXX | OK | 1 | 1 | D | A | D | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110695 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | XXXXXXXXXXX require a minimum of XX years self-employment history. XXXXXXXXX has been self employed for XXX months. | Sr. XXXXXXXXXXX approval to calculate income based off commission checks from new XXXXXXXXXXXXX | 01/20/2026 | A | 1 | XXXXXXXXXX | OK | 1 | 1 | D | A | D | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110701 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. | Information provided | 01/26/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | C | A | A | A | Non-QM | 1 | ||||||||
| XXXXXXXXX | 4000110701 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID- Fee Tolerance Violation | XXXXX is failing XXX tolerance for the increase in the XXXXXXX XXXXXXX XXXX XXXXXXX on the XXXXXX XXXXX XXXX XXXX for this date does not give a valid explanation for this increase. XXXXXXXXXX amount is XXXXXXXX XXXXX a XXXXX with cure, lox to borrower, proof of refund, and evidence of payment shipped, all within XXX days of consummation XXXXX | Information provided | Reviewer 01/16/2026 01:07 PM; coc's uploaded do not reflect a
valid reason for an increase in credit report fee. XXXXX is failing XXX tolerance for the
increase in the XXXXXXX XXXXXXX XXXX XXXXXXX on the XXXXXX XXXXX XXXX XXXX
for this date does not give a valid explanation for this increase. XXXXXXXXXX
amount is XXXXXXXX XXXXX a XXXXX with cure, lox to borrower, proof of refund,
and evidence of payment shipped, all within XXX days of consummation XXXXX |
01/26/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | C | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000110701 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing/Incomplete Verbal VOE | XXX per XXXXXXXXX guidelines, a XXXXXXX XXXX is required and must be dated XXX days or less than the note date. | Received XXX day XXXX | 01/16/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | C | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110701 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Self-Employment status required | XXXXX proof of XXXXX ownership of company. | Secretary of XXXXXX docs verify borrower is sole owner. | Client 01/15/2026 05:47 PM; Secretary of XXXXXX docs verify
borrower is sole owner. XXXXXX you. Reviewer 01/16/2026 12:36 PM; Condition has been reviewed |
01/16/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | C | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000110701 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | XXXXXXXXXXX require a XXXXX XXXXXXXXXXX XXXXXXXXXXXXXX be completed and signed within XXX days of the note closing. XXXX XXXX provided is not signed and dated. | Received XXXX signed and dated | 01/24/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | C | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110928 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - First Payment Letter Missing or Incorrect | XXXXXX XXXXXXXX XXXXXXX in file does not match calculated payment. XXXXXXX provide corrected XXXXXX XXXXXXXX XXXXXXX or XXXXX with correct XXXXX payment amount. | client acknowledges the XXXXXXXX difference - still within tolerance | Client 01/20/2026 10:48 AM; Please waive if XXXXXX grade. XXXXXX
you. Reviewer 01/20/2026 10:50 AM; Reviewer 01/20/2026 11:10 AM; Hello
 XXXXX has been waived and is grading as XXXXX 
 XXXXXX |
01/20/2026 | B | 2 | XXXXXXXXXX | TX | 3 | 1 | B | B | B | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000110928 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX co-borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 01/16/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 1 | B | B | B | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000109565 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX loan amount requires a XXXX appraisal which was missing from the loan file. XXXX credit review is on hold until the appraisal is received. | Appraisal received | 01/16/2026 | A | 1 | XXXXXXXXXX | UT | 1 | 1 | A | A | A | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000105670 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect | The XXXXXX is missing from file. | 02/04/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 3 | B | A | B | A | A | A | A | A | Non-QM | 1 | ||||||||
| XXXXXXXXX | 4000111480 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | A fraud report with all high and medium alerts cleared was not provided. XXXXXXX provide fraud report. | Received XXXXXX report with alerts cleared | 02/03/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000113107 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | A fraud report with all high and medium alerts cleared was not provided. | Received XXXXXX report with alerts cleared. | 02/10/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112899 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXX term rental income documented for less than XXX months is permitted with senior management approval. XXXXXXXX was submitted with XX months history of XXXX income. XXXXXXXXXX in file allowing for use of XX moths XXXX income history. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX of XXXXXXXX where the max allowed is XXXXX XXXXXXXXX reserves when only XXXXXXXX required, XXXXX of XXXXXX when only XXXXX is required and XXXX fico score where the minimum required is XXX | 01/29/2026 | B | 2 | XXXXXXXXXX | SC | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000114083 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX required to use non approved XXXX appraisal. | Client waived with compensating factors; XXXXXXXXX income of XXXXXXX exceeds the minimum required of XXXXXXXXX XXXX of XXXXXXXX where the max allowed is XXXXX XXXX fico score where the minimum required is XXXXXX | 02/02/2026 | B | 2 | XXXXXXXXXX | MA | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000114083 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX required to use non approved XXXX appraisal. | Information provided | Reviewer 02/02/2026 10:43 AM; Duplicate XXXXXXXXXXXX |
02/02/2026 | A | 1 | XXXXXXXXXX | MA | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000114083 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing/Incomplete Verbal VOE | XXXXXXX XXXX within XXX days of close missing from the file. | Received XXX day XXXX | 02/03/2026 | A | 1 | XXXXXXXXXX | MA | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000113506 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX XXXX appraisal used for value and XXXXX exchange documents (including final XXX and XXXXXXXXXX intermediary documents that include balance for transfer) are missing from the loan file. XXXX credit review is on hold until documents are received. | Documents received | 01/29/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112892 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXX XXXX must be granted to the spouse, direct relative or the borrower’s personal attorney. | Client waived with compensating factors: XXXXXXXX XXXX where a max XXXX of XXXX allowed. XXXX XXXXX where a minimum XXXX required. XXXXX have owned property for XXX years. | 01/28/2026 | B | 2 | XXXXXXXXXX | NC | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112892 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXX borrower's credit report is missing from the loan file. | Credit XXXXXXX received. | 01/29/2026 | A | 1 | XXXXXXXXXX | NC | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112544 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX that do not have a current housing payment, payment shock is considered for reasonableness and approved by XXXXXXX XXXXXXXXXXXXX XXXXXXXXX does not have a current housing payment after selling previous primary residence. | Client waived with compensating factors; XXXXXXX months reserves when only XX months required. XXXXXXXX score where the minimum required is XXXXXX XXXXXXXXX income of XXXXXXXXX exceeds the minimum required of XXXXXXXXXX XXXX of XXXXXXX % where the maximum allowed is XXXXX | 02/03/2026 | B | 2 | XXXXXXXXXX | WA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000112544 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XX second appraisal is required with loan amounts greater than XXXXXXX million. XXXXXXXXXX requested to use XX appraisal and XX desk reviews. | Client waived with compensating factors; XXXXXXX months reserves when only XX months required. XXXXXXXX score where the minimum required is XXXXXX XXXXXXXXX income of XXXXXXXXX exceeds the minimum required of XXXXXXXXXX XXXX of XXXXXXX % where the maximum allowed is XXXXX | 02/03/2026 | B | 2 | XXXXXXXXXX | WA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000110282 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Shorts Funds for Reserves | Guidelines for the XXXXXXXXX XXXXX program reflect XX months of reserves are required. XXXX borrower provided XXXXXX months of reserves. | Received asset documents with reserves of XXXXXXXXXX - XXX months | 02/09/2026 | A | 1 | XXXXXXXXXX | NY | 1 | 1 | C | A | C | A | A | A | A | A | Higher Priced QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000108830 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | A fraud report with all high and medium alerts cleared was not provided. | received fraud report with alerts cleared with lender comments | 02/07/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | D | A | D | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000108830 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Title Commitment is missing or requires correction. | A XXXXXXXX XXXXXXXXXXX XXXXXXX and evidence of how XXXX the borrowers owned the subject property was not provided. | Received XXXX and fraud report reflects recording date of XXXXXXXX | 02/07/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | D | A | D | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000113412 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Title Commitment is missing or requires correction. | Guidelines require a XXXXXXXX XXXXXXXXXXX XXXXXXX XXXXXXXX to be provided. XX XXXX was not included in the file. | Received XXX | 02/12/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 1 | D | A | D | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000112765 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXX full appraisal supporting sales XXXXX of XXXXXXXXXXXX missing from the file. XXXXX amounts greater than XXXXXXXXXXXX require XX full appraisals. XX full appraisal was provided. | Received XXXX appraisal within XXXX of original value. | 02/05/2026 | A | 1 | XXXXXXXXXX | AZ | 1 | 1 | C | A | A | A | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110056 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Calculation Discrepancy rental income | XXXXXXX income must be verified with mortgage statements, tax statements, insurance statements, hoa fee's, and verification of rental income is required for all properties listed on the XXXXXXX XXXXX XXXXXXXXX XXXXX XXXXX XXXXXXXXX XXXXX XXXXX XXXXXX XXXXXX XXXXX XXXXXX XX XXXXXXX XXXXXXXX XXXXX XXXXXX XXXXXXX XXXXX XXXXXXXXXX XXXXXXX income stated of XXXXXXXXXXXXXXXXXX | The borrower does not have ownership in XXXXXX XXXXX XXXXXXXXX XXXXXXX XX XXXXXXX XXXXXXX – verified on XXXXXX report all had been sold. XXXXX XXXXXX XXXXXX transferred from the borrower to an XXXX – we are not using the XXXX for income and borrower is not personally responsible for liabilities. XXXXX XXXXXX XXXXXXX (former primary) is currently listed for sale and XXXXXX agreement. XXXX guidelines the payment is offset by market rent | 02/04/2026 | A | 1 | XXXXXXXXXX | RI | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000110056 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Letter of Explanation | XXXX required stating/verifying intent with departing primary. | Per the XXXXX the departing residence will be an investment | 01/15/2026 | A | 1 | XXXXXXXXXX | RI | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000115849 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXXXX require XXX XXXXXXXXXXX approval for payment shock greater than XXXXX XXXXXXXXX payment shock exceeds XXXXX | Compensating factors; XXXXXX months reserves when only XX months required. XXXX fico score where the minimum required is XXXXXX XXXXXXXXX income of XXXXXXX exceeds the minimum required of XXXXXX | 02/10/2026 | B | 2 | XXXXXXXXXX | AZ | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000115122 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Legible report/photos required | XXXXXXX XXXXXXXXXX submitted in black and XXXXX. | Received colored photos | 02/07/2026 | A | 1 | XXXXXXXXXX | UT | 1 | 3 | D | A | D | A | A | A | D | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000115122 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing/Incomplete Verbal VOE | XXXX for XXXXXXX XXXXX XXXXXXXXXXXXX XXXX in file, verification for XXXXXXX XXXXXXX XXXXXX missing. XXXXXXXX XXXXXX | Received XXXX | 02/07/2026 | A | 1 | XXXXXXXXXX | UT | 1 | 3 | D | A | D | A | A | A | D | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000117428 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral TPR | UW Collateral TPR - UW - Second collateral evaluation is required. | Provide secondary valuation as XXX score is > XXXXXX | CDA provided | 03/06/2026 | A | 1 | XXXXXXXXXX | NC | 2 | 1 | C | A | C | A | A | A | C | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000117428 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | A XXXXXX XXXXXXX provided reflected a XXXXXXX of XXXXXXXX was issued XXXXXXXXXXX (pg. XXXXXXXXXXX XX year transaction history). XXXXXXXXX XXXX due to non-arms length transaction. XXXXXXXXXXX conditions may apply. | No additional mtg debt on credit report and fraud report does not reflect any balance or sales date. XXXX received from XXXXXXXXX denying any XXXXXXX of XXXXXXXXX | 03/05/2026 | A | 1 | XXXXXXXXXX | NC | 2 | 1 | C | A | C | A | A | A | C | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000116359 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | Verification of the business existence and that the business is fully operational/active required within XXX calendar days of the note is missing from the file. | Received the processor''''s XXXX | 03/03/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 3 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000116359 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | An XXXXXXXXX search of the business is required with documentation with information on the loan application and borrower credit report missing from the file. | Documents received | Reviewer 03/03/2026 04:09 PM; Received the borrower''''s credit
report. did not receive the XXXX XX XXXXXXXXX license, XXXX XXXXXXX from
XXXXX XXXX XXXX filing or equivalent document. |
03/05/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 3 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000116359 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | CPA license validation verified and active is missing from the file. | Received verification of XXX | 03/03/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 3 | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000117885 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Mortgage | XXXXX proof that XXXXXXXXX XXXXX XXXXXXX XXXXXXX payment was paid as agreed. | Received statement dated XXXXXXXX stating XXXX payment is due. | 02/24/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000117885 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Mortgage | XXXXX proof that XXXXXXXXX XXXXX XXXXXXX XXXXXXX payment was paid as agreed. | Received statement dated XXXXXXXX stating XXXX payment is due. | 02/24/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000115841 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 02/11/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 13 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000115841 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXX one has frozen XXXXXXXX score. XXX one reporting bureau is frozen, the lower of two scores may be used at senior management’s discretion. XXXXXXXXXX XXXXXXXXX in file allowing for borrower XX to have XX frozen credit score. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX of XXXXXXXX where the max allowed is XXXXX XXXX of XXXXXXXX where the max allowed is XXXXX XXXXXXXXX reserves when XXXX required, XXXXXXXX residual income when only XXXXXXX is required and XXXX fico score where the minimum required is XXXXX | 02/11/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 13 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000118082 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. | Testing complete | 02/26/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | A | A | C | A | A | A | Non-QM | 1 | ||||||||
| XXXXXXXXX | 4000118082 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID- Fee Tolerance Violation | XXXXX is failing XXX tolerance for an XXXXX XXXXXXXXXX XXXXX XXX XXXX added to the XXXX XXXXX XXXX XXXX for this date does not mention and explain this fee addition. XXXXXXXXXX amount is XXXXXXXX XXXXX a XXXXX with cure, lox to borrower, proof of refund, and evidence of payment shipped, all within XXX days of consummation XXXXXX | PCCD, refund received | Reviewer 02/25/2026 04:48 PM; COC provided does not reflect the
increase in appraisal reinspection fee or a valid reason for the addition Client 02/26/2026 11:31 AM; Reinspection XXXX addressed on page XXX of disclosure tracking uploaded XXXXXXX XXXXXXX clear or escalate further. XXXXXX you. Reviewer 02/26/2026 11:47 AM; Reviewer 02/26/2026 12:25 PM; Hello
 XXXXX has been cleared.
 
 XXXXXX |
02/26/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | A | A | C | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000117347 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing/Incomplete 1040's | XXXXXXXXXXX for the XXXXXXXXXXXX loan program require XX years of tax returns for trust income. XXXXXXXXXX allowed for trust income just starting without tax returns for history. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX XXXXXXXX where the guideline maximum is XXXXX XXXXX as agreed credit with no lates reporting XXXXXX payment history; mortgage history paid as agreed XXXXXXXXXXXX over XX years. | 02/20/2026 | B | 2 | XXXXXXXXXX | UT | 1 | 1 | D | B | D | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000111835 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Trust assets are not permitted to be utilized on XXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXX in file to allow trust assets. | Client waived with compensating factors: XXXXXXXX XXXX when the max allowed is XXXXX XXXX XXXXX when the minimum XXXXX requirement is XXXXX XXXXXXXXXXX residual income when the minimum requirement is XXXXXXXX | 03/03/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000111835 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Fraud XXXXXXX with all high and medium alerts cleared missing from the file. | Received fraud report with alerts cleared by lender | 03/04/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000111835 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | Verification that borrowers are XXXXX owner of the trusts to support exception approval are missing from the file. | Received trust that reflect borrowers are the only trustees | 03/04/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000111835 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Trust documentation and certification of trust missing from the file. XXXXX closed in a trust. | Received XXXXXX and XXXXXXXXXXXXX | 03/04/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000113847 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXXXXXX XXXXXX XXXXX loan program require a maximum payment shock of XXXXXXX XXXXXXXXXX approved for payment shock of XXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXX XXXXX XXXX XXXXX and residual income over XXXXXXX | 03/05/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000118502 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral TPR | UW Collateral TPR - UW - Second collateral evaluation is required. | Provide secondary valuation as a XXXX was utilized during the initial review for value. | AVM provided | 03/16/2026 | A | 1 | XXXXXXXXXX | SC | 2 | 1 | C | A | A | A | A | A | C | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000117500 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect | IEADS amount does not match XXXX signed at closing. XXXXXXX provide corrected XXXXXX or XXXXX with correct escrow amount. | Information provided | 03/18/2026 | A | 1 | XXXXXXXXXX | NJ | 3 | 13 | B | A | B | A | A | A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000110349 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | Guidelines allow for a XXXX with one permitted XXXXXX XXXX subject property has XX XXXXXXX | Received exception approval for XX XXXXXXXXXX compensating XXXXXXXX - XXXXXXXXX XXXX months- XX months minimum, XXXXX XXXX minimum XXXXX XXXX XXXX max XXXXX XXXX XXXX max XXXXXX | 03/18/2026 | B | 2 | XXXXXXXXXX | CA | 3 | 3 | C | B | A | A | N/A | N/A | C | B | Exempt | 1 | |||||||
| XXXXXXXXX | 4000116280 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXX time investor cannot be XXXXX time homeowner. XXXXXXXXX in file to allow XXXXX time investor to be XXXXX time homeowner. | Client waived with compensating factors: XXXX XXXXX when the minimum requirement is XXXXX XXX months reserve when the minimum requirement is XX months, stable employment with XXX years with same employer. | 03/13/2026 | B | 2 | XXXXXXXXXX | MA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000116280 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXX money must be fully documented. XXXXXXXXX in file to allow XXXXXX XXXXXX XXXXXXXXXX in lieu of not souring earnest money. | Client waived with compensating factors: XXXX XXXXX when the minimum requirement is XXXXX XXX months reserve when the minimum requirement is XX months, stable employment with XXX years with same employer. | 03/13/2026 | B | 2 | XXXXXXXXXX | MA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122052 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXX approved used of broker appraisal. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXX months reserves when only XX months required. XXXX of XXXXXXXX where the max allowed is XXXXXX XXXXXXXXX income of XXXXXXXXX exceeds the minimum required of XXXXXXXXX XXXX fico score where the minimum required is XXXXXX XXXX of XXXXXXXX where the maximum allowed is XXXXX | Reviewer 03/19/2026 08:17 AM; XXX.XX |
03/19/2026 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | A | A | A | A | C | B | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000122312 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit - Insufficient | XXXXXXXXXXX for the XXXXXXXXXXXX loan program require a minimum of XX active tradelines. XXXX XXXXXXXXX has XX active tradeline. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX XXXXX score; XXXX equity in subject property; XXX months reserves | 03/23/2026 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000122312 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXXXX for the XXXXXXXXXXXX loan program require evidence of XXX months cancelled checks when a XXXXXXXXXXXXX of XXXXX is from a private individual. XXX cancelled checks were provided. | VOR provided shows rental account XXXXXXXXX to current which is XX months. XXXX XXXXX reflects borrower previously rent XXXXXX XXXXXXX XXXXXXX XXXXX for XX months supported with processor cert. | Reviewer 03/24/2026 10:42 AM; Document received did not include
the XXX months cancelled checks for verification of XXXXX from a private
individual Client 03/24/2026 12:18 PM; VOR documentation provided, please clear or clarify why documentation isn't sufficient. XXXXXX you. Reviewer 03/24/2026 01:31 PM; Reviewer 03/24/2026 01:44 PM; Condition has been reviewed |
03/24/2026 | A | 1 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000122312 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXXXX for the XXXXXXXXXXXX loan program require a maximum XX times current housing expense. XXXXXXXX shock is greater than XXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX XXXXX score; XXXX equity in subject property; XXX months reserves | 03/23/2026 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000122312 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - DTI exceeds maximum limit | XXXXXXXXXXX for the XXXXXXXXXXXX loan program require for a XXXXXX XXXXX XXXXX XXXXXX the maximum XXXX is XXXXXX XXXXXXXXX has a XXXXXXXXX XXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXX XXXXX score; XXXX equity in subject property; XXX months reserves | 03/24/2026 | B | 2 | XXXXXXXXXX | NV | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000122328 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | XXXX borrower has less than the required length of self-employment for the XXXXXX XXXXXX XXXX XX XXXX statement program. XXXX requirement is XX years and the borrower has XX months. | Client waived with compensating factors: XXXX XXXX is XXXX and the max XXXX is XXXXXX XXXX XXXXX is XXXX and the minimum XXXXX is XXXXXX XXXX reserves are XXXXXXXXXXXX or XXXX months and the required reserves are XXX | 03/24/2026 | B | 2 | XXXXXXXXXX | UT | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000121756 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX loan approval and asset worksheet are missing from the loan file. XXXX credit review is on hold until documents are received. | Documents received | 03/27/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 1 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000120293 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX needed for XXXX XXXX > XXXX maximum XXXX for the purchase of a XXXXXXXXXXXXXXXX XXXXXXXXXXXX per the XXXXXXXXXXXX XXXXX XXXX XXXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXX has been employed at current job for XXXX years, XXXXXXXXX income of XXXXXXXXXXXXX exceeds the minimum required of XXXXXXXXX XXXXXXX months reserves when only XX months required, and XXXX fico score where the minimum required is XXXXX | 03/24/2026 | B | 2 | XXXXXXXXXX | AL | 2 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000121628 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Asset Other | Proof of receipt of XXXXXXXX gift from cousin missing from the file. | Title receipt provided | 04/02/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000117491 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Satisfactory 12 mth Rental | Exception provided due to borrower pays partial rent via online account from business XXXX account and spouse pays remainder of rental payment. XXXXXXX is not on the loans. XXXXXXXXXX allowed to meet payment shock guideline. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXXXX credit XXXXXX XXXXXXXX XXX months XXXXX reserves, XXXXX XXX the required residual income XXXXXXXXXXXXX residual). | 04/03/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000117491 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Fraud Alert documentation | A fraud report with all high and medium alerts cleared was not provided. | Drive XXXXXXX provided | 04/03/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000117584 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Addendum to title commitment reflecting loan amount coverage XXXXXXXXX missing from the file. | CPL provided | 04/03/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123554 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Exception provided for XX borrowers that live together common law with XX children together. XXXX borrower owns the primary residence but the other does not. XXXXXXXXXXX the property next door to primary, which is owned free and clear being sold by a charity. | Client waived with XXXXXXXXXXXXX XXXXXXXXX XXXXX XXX months reserves; XXXXX XXXXX | 04/07/2026 | B | 2 | XXXXXXXXXX | NY | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123554 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXX loan program require an XXXX be provided when subject loan is closing as an XXXXXXXXX XXX XXXX was provided. | IRS letter containing XXXX number provided | 04/10/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123554 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit report is expired | Guidelines for the XXXXX loan program require the use of the highest percentage ownership score for qualifying. XXXX borrower has a XXXX ownership. XXXX XXXXXXXXXXXXXX credit report dated XXXXXXXXXX is greater than XXX days prior to the note date of XXXXXXXXXXXX | Updated guidelines were provided which reflected allowing XXXX days. | 04/14/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000121000 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Non XXXXXXXXX XXXXXXX XXXXXXXXXXXXX not permitted. XXXXXXXXXX XXXXXXXXX in file approving XXXX XXXXXXXXX XXXXXXX XXXXXXXXXXXXXX | Client waived with compensating factors: XXXXXXXXX XXXXXXXXXX XXX months reserves when the minimum requirement is XX months. XXXX XXXXX when the minimum requirement is XXXXX | 04/09/2026 | B | 2 | XXXXXXXXXX | OR | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000121000 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Loan XXXXXXXXX missing from the file. | Received loan approval | 04/09/2026 | A | 1 | XXXXXXXXXX | OR | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123249 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | P | Client waived with compensating factors: XXXXXXX residual income when the minimum requirement is XXXXXXXX XXXXXXXX XXXX when the max allowed is XXXXX XXXX XXXXX when the minimum requirement is XXXXX | 04/09/2026 | B | 2 | XXXXXXXXXX | NY | 1 | 13 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000123249 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Asset Other | X months reserves required. XXXXXXXXX reserves XXXXXX months. XXXXXXXXX are from net proceeds. XXXXXX statements missing from the file. | Received XXXXXXXX statement with XXXXXXXX | 04/14/2026 | A | 1 | XXXXXXXXXX | NY | 1 | 13 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Flood Certificate | Flood Certificate - Flood insurance is required - Flood policy missing | Please provide flood insurance policy. | 04/17/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 | ||||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Hazard Insurance | Hazard Insurance - is missing. | Please provide hazard insurance policy. | Information provided | 04/17/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID LE- Other | Need evidence XXXX XXX was received by borrower XX days prior to closing | Information provided | Reviewer 04/17/2026 08:58 AM; No documentation provided |
04/20/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons. Additional conditions may apply. | Information provided | 04/20/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 | ||||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Fraud XXXXXXX with all high and medium alerts cleared is missing from the file. | Fraud XXXXXXX provided | 04/16/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000119527 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXX does not meet the XXXXXXXX trade line requirements for XXXXXXXXX XXXXXXX are XX XXXXXXXXXXXXX XXXXXXXXXXXXXX history. XXXXXXXXX in file to allow XX active trade line. | Client waived with compensating factors: XXXXXXXXXXXX XXXXXXXXXX XX years self-employed, XXXX XXXXX when the minimum requirement is XXXXX XXXXXXX XXXX when the max XXXX allowed is XXXX XXX months reserve when the minimum requirement is XX months. | 03/05/2026 | B | 2 | XXXXXXXXXX | GA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000119527 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXX require housing history XXXXXXXXXX XXXXXXXXX in file as XXXXXXXXX has no housing history and lives rent free. | Client waived with compensating factors: XXXXXXXXXXXX XXXXXXXXXX XX years self-employed, XXXX XXXXX when the minimum requirement is XXXXX XXXXXXX XXXX when the max XXXX allowed is XXXX XXX months reserve when the minimum requirement is XX months. | 03/05/2026 | B | 2 | XXXXXXXXXX | GA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000119527 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXX require all appraisal to be XXXXXX XXXXXXXXX in file to allow a XXXXXXXX appraisal. | Client waived with compensating factors: XXXXXXXXXXXX XXXXXXXXXX XX years self-employed, XXXX XXXXX when the minimum requirement is XXXXX XXXXXXX XXXX when the max XXXX allowed is XXXX XXX months reserve when the minimum requirement is XX months. | 03/05/2026 | B | 2 | XXXXXXXXXX | GA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000124459 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Hazard Insurance | Hazard Insurance - is missing. | Please provide XXXXXXX XXXXXXXXXXX | Information provided | 05/06/2026 | A | 1 | XXXXXXXXXX | WA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000124558 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Missing an updated XXXXXX with the insured amount at XXXXXXXXXXXXX | Title XXXXXXXXXXX provided | 05/08/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000121323 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Evidence of legal residency | Guidelines require the borrower be a legal resident of the XXXXXXX XXXXXXXXX XXXX borrower provided a XXXXXXXXXX XXXXXXXXX XXXX but the id is expired. XXX exception form was included in the loan file, but was not approved, signed or dated. | Client waived with compensating factors: XXXXXXXX XXXXX XXXX XXXXXX XXXXX XXXX (actual XXXXXXXXXXX XXXXXXXXXXXXX residual income. | 05/18/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 3 | C | B | C | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000123464 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Evidence of legal residency | Per the loan application, the borrower is a XXXXXXXXXX XXXXXXXXX XXXXXXXX XXX evidence of lawful permanent residency was included in the loan file. | PRA card provided | 05/15/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 3 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000128215 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Title/Deed to evidence ownership | Subject property closing as an XXXXXXXXX XXX operating agreement and XXXXXXXXXXXX of XXXXX XXXXXXXXX was not provided. | Operating XXXXXXXXXX and XXX XXXX provided | 05/19/2026 | A | 1 | XXXXXXXXXX | NJ | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000128215 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | The appraisal for the subject property was completed as is; however, the subject property included an XXXX which was not completed at the time of the appraisal. XX XXXXXX was not provided to reflect the XXXX had been completed. XXXXXXX information was included in the XXXXX although the subject XXXX was not completed. XXXXXXXX XXXXXX to reflect the XXXX was completed. | XXXXD provided XXXX completed (pictures provided) | 05/26/2026 | A | 1 | XXXXXXXXXX | NJ | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000128215 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Certificate of Occupancy | A XXXXXXXXXXXX of XXXXXXXXXX for the XXXX was not provided. | Received final building approval | Reviewer 05/28/2026 03:32 PM; A copy of the XXXXXXXXXXXXX
XXXXXXX was provided; however, a XXXX was not received. Reviewer 05/29/2026 06:58 PM; |
05/29/2026 | A | 1 | XXXXXXXXXX | NJ | 3 | 13 | C | A | C | A | N/A | N/A | C | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000127633 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Gift Letter (fully executed) | Loan approval reflected XXXXX XXXXXX in the amount XXXXXXXXXXXXXX were utilized. XX XXXXX XXXXXXX and source of funds was not provided. | Gift letter waived on approval | Reviewer 05/17/2026 09:00 PM; documents provided did not include
any gift letter or source of gift. Reviewer 05/19/2026 11:40 AM; The approval reflects a gift of XXXXXXXXXXXX XXXXXXXX revised approval if there is no gift. |
05/20/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000127633 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Approval | UW Approval - UW Approval - 1008 or 92900 LT missing | An updated XXXXX reflecting the correct XXXXXX was not provided. | Received XXXX | 05/17/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000127633 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Shorts Funds for Reserves | Borrower short funds to close and/or reserves XXXXXXXXXXXXXXX XXXXXX required to close XXXXXXXXXXXXXX and reserves XXXXXXXXXXXXX verified with xXXXX XXXXXXXXXXXXXXX xXXXX XXXXXXXX XXXXXXXXXXXXX xXXXX XXXXXXXXX XXXXXXXXXXXX | XXXXXXX XXXXXXX statement dated XXXXXXXXXX reflects a balance of XXXXXXXXXXXXXX XXXXXXXX reserves XXXXXXX months | Reviewer 05/17/2026 08:59 PM; Documents received included wired
funds with XX different wires on XXXXXXXXXX = XXXXXXXXXX and XX wire of
XXXXXXXXX on XXXXXXXXX = XXXXXXXXXXXX XXXXXXXX the source of XXXXXXXXXX
deposited to XXXXX XXXXXXX on XXXX Reviewer 05/19/2026 11:38 AM; The XXX received for the refinance of XXXXXX XXXXXXXXX XXX reflecting the amount of XXXXXXXXXX to borrower is not signed or stamped by the escrow company and the deposit on the XXXX statement does not reflect the source of the wire. Reviewer 05/20/2026 02:38 PM; Provide the executed copy of the XXX for sale of XXXXXX XXXXXXXXX XX |
05/28/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000130194 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing Business Tax Returns | Provide signed and dated XXXXX XXXXXX business tax return, page XX to be signed and dated by XXXXXXXXXXXXXX | Signed XXXXX XXXXXX returns provided | 05/22/2026 | A | 1 | XXXXXXXXXX | CA | 2 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000130194 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Provide copy of borrowers tax return extension | Provide evidence XXXXX XXXXX extension was filed with the XXXXX | Form XXXXX provided | 05/19/2026 | A | 1 | XXXXXXXXXX | CA | 2 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000130194 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Missing Business Tax Returns | Provide evidence XXXXX XXXXXX extension and verification it was filed with the XXXXX | Form XXXXX provided | Reviewer 05/19/2026 08:33 PM; The document received was the
extension request for XXXXX XXXXXXXXXXXX XXXXXXXX evidence XXXXX XXXXXX
extension and verification it was filed with the XXXXX |
05/26/2026 | A | 1 | XXXXXXXXXX | CA | 2 | 1 | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000128854 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Fraud XXXXXXX with all high and medium alerts clear missing from the file. | Drive XXXXXXX provided | 06/01/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 3 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 6000114045 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - LTV/CLTV does not meet parameters | XXXXXXXXXXX for the XXX XXXXX loan program require max XXXX of XXXX for a XXXXXX XXXXX XXXXXXXXXXX XXXXXXXX loan closed with an XXXX of XXXXX | Received exception approval for XXXXXX months reserves. XXXXXXXXXXXXX factors - XXX score= XXX XXXXX XXX | Reviewer 02/27/2026 02:52 PM; An exception was provided for the
XXXXX however compensating factor used was for XXXXXXXXX of XXXXXXX months
via verified assets but the minimum required assets for a XXXXX time investor
is XXXX which does not meet the minimum requirements and should not be
utilized as a compensating factor, thus making the exception invalid. Reviewer 03/03/2026 05:50 PM; Exception approval received for XXXX of XXXX and lack of XXX months reserves. XXXXXXXX the exception form with the compensating factor section completed. |
03/04/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 6000114045 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Shorts Funds for Reserves | XXXXXXXXXXX require a minimum XXX months reserves for a XXXXXX XXXXX XXXXXXXXX under the XXX XXXXX loan program. XX total of XXXXXXX months reserves were provided. | Received exception approval for XXXXXX months reserves. XXXXXXXXXXXXX factors - XXX score= XXX XXXXX XXX | Client 02/27/2026 02:33 PM; per matrix, XXXXX XXXX XXXXXXXXXXXXX
XXX XXX reserves Reviewer 02/27/2026 02:53 PM; Minimum reserves for a XXXXX time investor under the XXXXXXXX XXXXXXX XXXXX program is XXXXXX months reserves. Reviewer 02/27/2026 02:53 PM; Minimum reserves for a XXXXX time investor under the XXXXXXXX XXXXXXX XXXXX program is XXXXXX months reserves. Reviewer 02/27/2026 02:53 PM; Minimum reserves for a XXXXX time investor under the XXXXXXXX XXXXXXX XXXXX program is XXXXXX months reserves. Reviewer 03/03/2026 05:50 PM; Exception approval received for XXXX of XXXX and lack of XXX months reserves. XXXXXXXX the exception form with the compensating factor section completed. |
03/04/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 6000114045 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - LTV/CLTV does not meet parameters | XXXX XXXXX of XXXXXX using XXXXXXX XXXXX of XXXXXXX allows a maximum XXXX of XXXX for XXXXXXXX XXXXXXXXX borrowers. XXXX loan closed with an XXXX of XXXX which violates the guidelines. | Compensating factors - XXXXXX months reserves, XXX score= XXX value well supported. | 03/26/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 6000114097 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Evidence Satisfaction of Debt | XXXXXX child support judgement (on loan safe only) to remain open vs guideline requirement that states all judgements must be paid prior to close. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXXXXX months reserves where the guideline requirement is XX months for a loan amount less than XXXXXXX XXXXXXXXXXX XXXXX of XXXX where the guideline minimum for the tier XXXXX and XX x XXX credit payment history. XXXXXXX of XXXXXXXXXXXX in the file saying "they have never lived in XXXXXXXXXXXXXX and they are not aware of any child support lien that would be filed against borrower in that state. | 04/14/2026 | B | 2 | XXXXXXXXXX | AZ | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 6000121348 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Compliance | Compliance - CD- Other | XXX XXXXX not reflect all tax impounds | Information provided | Reviewer 05/20/2026 11:48 AM; No documentation provided |
06/01/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 6000121348 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX needed for borrower without a complete XXXXXXXXX housing history as required per guidelines for the XXXXX XXXXXXXX and for a XXXXXX XXXXX XXXXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXXXX amount XXXXXXXXXX < XXXXXXXXXXXX maximum, XXXXXX months reserves where XX months required, and XXXX fico score where the minimum required is XXXXX | 05/11/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 6000121348 | XXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Asset Other | XXXXXXXX documentation to verify the source of funds used to open XXX XXXXXXXXX on XXXXXXXXX as these funds are being used to close. | The XXX was rolled over from XXXXXXX XXXX document provided was the XXX in XXXXX and the new XXX was rolled over from XXXXXX | Reviewer 05/20/2026 11:09 AM; The document provided did not
provide the source of funds used to open the account. Client 05/20/2026 11:33 AM; The XXX was rolled over from XXXXXXX XXXX document provided was the XXX in XXXXX and the new XXX was rolled over from XXXXXXX Reviewer 05/20/2026 12:52 PM; Condition has been reviewed |
05/20/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000107071 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXX reflect use of XXXXXX XXXXXXXXXX income is only allowed on primary residences. XXXXXXXX property is a second home. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXX mortgage and overall credit payment history; XXXXXXXXX income over XXXXXXX above minimum requirement of XXXXXXXX XXXX months reserve above minimum requirement of XXX months. | 01/05/2026 | B | 2 | XXXXXXXXXX | HI | 2 | 3 | C | B | C | B | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000107071 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX XXXX appraisal required for the loan amount exceeding XXXXXXX million was missing from the loan file. XXXX credit review is on hold until the documents are received. | Docs received | 01/06/2026 | A | 1 | XXXXXXXXXX | HI | 2 | 3 | C | B | C | B | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000107071 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Satisfactory 2nd Appraisal Report | XXXXXXXXXXX require a second appraisal for all properties when the loan amount exceeds XXXXXXX million. XX second appraisal was not provided. | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXX mortgage and overall credit payment history; XXXXXXXXX income over XXXXXXX above minimum requirement of XXXXXXXX XXXX months reserve above minimum requirement of XXX months. | 01/06/2026 | B | 2 | XXXXXXXXXX | HI | 2 | 3 | C | B | C | B | A | A | C | B | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000093824 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - | The Business Operating Agreement or Articles of Incorporation are missing from file. | Information provided | 10/07/2025 | A | 1 | XXXXXXXXXX | ID | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000093824 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Senior management approved loan with a 65% LTV using the appraised value or the recent purchase price from XXXXXX, whichever is lower. | Client Waived with Compensating Factors: 774/771 FICO scores where 660 required. 10 mortgages on credit report all paid as agreed, Borrower has been in same line of work 8 years. | 10/07/2025 | B | 2 | XXXXXXXXXX | ID | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000116062 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXX was submitted with a XXXXX XXXXXX however per guidelines the minimum XXXXX score allowed is XXXXXXX XXXXXXXXX is non-warrantable condo which requires XXXXX XXXXX or greater. | Client waived with compensating factors: XXXX XXXXX XXXXX XXXX XXXXX reserves of XXXXXXXXXXXXXXXX XXXXXXXXXX months) | 03/06/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000119122 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXX no rent rating for XXXXX as borrower lives with parents. | Client waived with compensating factors: XXX months reserves where none were required, XXXXXXXXXXX residual income where XXXXXXXXXXX is required, XXXX XXXXX where XXXX was required. | 03/05/2026 | B | 2 | XXXXXXXXXX | CA | 1 | 1 | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000119124 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal - Completion Certification | XXXXXXXX XXXXXX appraisal report to confirm all repairs affecting the safety of occupants or the soundness of the home as noted as items numbered XXXX on the original appraisal report have been completed. | Received final inspection | 03/04/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | C | A | A | A | N/A | N/A | C | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122522 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit report is expired | XXXXXXX report dated XXXXXXXXXXX was XXX days aged > maximum of XXX days aged at time of funding on XXXXXXXXXX as required per guidelines. | Exception for credit report date received. XXXXXXXXXXXXX XXXXXXXX = XXXXXXX score XXXX - XXXXXXXX XXXXX XXXX XXXX XXXX XXXXX over XX years reserves - minimum XX months | 04/06/2026 | B | 2 | XXXXXXXXXX | TX | 1 | 1 | D | B | D | B | A | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000123614 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXX per XXXXXXXXX guidelines, the minimum square footage of a subject property is to be XXXX XXXXX XXXXXXXX is smaller than XXXX XXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XX score of XXXX is the minimum score and the XXXXXXXXX has a XXXX score. XXXXXXXX XXXX is XXXX but the loan XXXX is XXXXXXXXXX XXXXXX months reserves are required. XXXX borrowers have XXXXXX months. | 03/31/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122527 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXXXXX require when closing in an XXXXXXXX an XXXX number be provided as well as XXXXXXXXXX XXXXXXXXXXX for all XXXXXXXXX involved. XXX XXXX was not provided nor was the XXXXXXXXXX XXXXXXXXXX for the XXXXXXX owning the XXXXXXX the subject loan closed in. | Per XXXXXXXX response in regard to the XXXXX XXXX that was provided we would need the XXXX XXXX or the borrower's social security number. XXXXX went with the borrower's social security number route. | Reviewer 03/28/2026 08:34 AM; According to the XXXXXXXXXX
XXXXXXXXXX provided, XXXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXXXX is the sole
member of the XXXXX XXXXXXXX XXXXXXX XXXXXX XXXXXXXX explanation and/or
documentation to determine how the entity XXXXXXX XXXXXXXX XXXXXXX XXXX and
XXXXXXXXXXXXXXXX are associated with XXXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX
XXXXXX XXXXXX the XXXX # was not received. Client 03/31/2026 11:26 AM; Per XXXXXXXX response in regards to the XXXXX XXXX that was provided we would need the XXXX XXXX or the borrowers social security number. XXXXX went with the borrowers social security number route. XXXXXX you. Reviewer 03/31/2026 12:43 PM; Condition has been reviewed |
03/31/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000122780 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXX per XXXXXXXXX guidelines for a XXXXX between XXXXX and XXXXXX no XXXXX time investors are allowed. XXX proof in the file that the borrower is not a XXXXX time investor. | XX copy of the letter from the applicants regarding funds being held in their XXXXX account from the property XXXXXX just sold was provided. | Client 04/08/2026 02:37 PM; Uploaded a copy of the letter from
the applicants regarding funds being held in their XXXXX account from the
property XXXXXX just sold. XXXXXXXXXXXXXX our XXXXXX report also shows
another property owned by applicant at XXXXX XXXXX XXX unit XXXXX XXXXXXXX of these two are/were her primary
residence located at XXXX XXXXXXX XXX
XXXXXXXXXXX XXXXX XXXXXX you. 
 Reviewer 04/08/2026 03:19 PM; Condition has been reviewed |
04/08/2026 | A | 1 | XXXXXXXXXX | NY | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000122421 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXX XXXXX time homebuyer to purchase an investment property. | Client waived with compensating factors: XXXXXXXXXX in residual income where XXXXX is XXXXXXXXXXXXXXXX months reserves where XX is required, XXXXXXXX XXXXX scores where minimum score is XXXXX | 03/31/2026 | B | 2 | XXXXXXXXXX | CA | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123039 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Self-Employment status required | XXXXX is missing the XXXX number for XXXXX XXXXXXXXXXXXX XXXXXX | Received XXX | 04/01/2026 | A | 1 | XXXXXXXXXX | ID | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122965 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Asset Other | XXXXXXXX all pages of XXXXXXXXXXX XXXXXXX XXXXXXXXX statement. XXXXX pages XXX XX and XX were provided. | Documentation has been provided. | 04/01/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 1 | C | B | C | B | N/A | N/A | C | B | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122965 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXXXXXXXX XXXXXXXX on all programs require XXXXXXX XXXXXXXXXXX approval. XXXXXXXX approved exception from XXXXXXX XXXXXXXXXXX allowing for subject to be in a declining. XXXXXXXX | Exception approval received. XXXXXXXXXXXXX XXXXXXXX - XXXXXX XXXX - min XXXXX XXXX XXXXX XXXXXXX | 04/02/2026 | B | 2 | XXXXXXXXXX | TX | 3 | 1 | C | B | C | B | N/A | N/A | C | B | Exempt | 1 | |||||||
| XXXXXXXXX | 4000122965 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXX are required on XXXXX XXXXXXXXX XXXXX payment letter and final closing disclosure do not evidence escrows being collected. XXXXXXXX approved exception from XXXXXXX XXXXXXXXXXX allowing escrows to be waived. | Exception approval received. XXXXXXXXXXXXX XXXXXXXX - XXXXXX XXXX - min XXXXX XXXX XXXXX XXXXXXX | 04/02/2026 | B | 2 | XXXXXXXXXX | TX | 3 | 1 | C | B | C | B | N/A | N/A | C | B | Exempt | 1 | |||||||
| XXXXXXXXX | 4000120684 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | Hazard Insurance | Hazard Insurance - Other: | XXXXXXX provide the updated hazard policy reflecting the updated dwelling limit and premium amount. | Information provided | 04/13/2026 | A | 1 | XXXXXXXXXX | NH | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000120684 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - Cash Back Exceeds Limit | XXXXXXXXXXXX XXXX XXXXX out proceeds on XXXXX is XXXXXXX XXXXXXXXXX request XXXX proceeds exceeding XXXXXX | COMPENSATING XXXXXXXXX XXXXXXX XXXXXXX with XXXXX XXXXXXXXX XXXXX XXXX when min required is XXXXX XXXX XXXX when max XXXX is XXXXX XXXX months reserves when XXX months required for XXXXXXXXXXX XXXXXXXXXXXX XXXXXXXX | 04/09/2026 | B | 2 | XXXXXXXXXX | NH | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000120684 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXXXX XXXXX min XXXXX when using XXXX XXXXXXXXXX request XXXX of XXXX with XXXXX XXXXX | COMPENSATING XXXXXXXXX XXXXXXX XXXXXXX with XXXXX XXXXXXXXX XXXXX XXXX when min required is XXXXX XXXX XXXX when max XXXX is XXXXX XXXX months reserves when XXX months required for XXXXXXXXXXX XXXXXXXXXXXX XXXXXXXX | 04/09/2026 | B | 2 | XXXXXXXXXX | NH | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000123227 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXX XXXXXXXX for a XXXXXX was included in the loan file, but the XXXXXX was not provided. XXXXXXXX completed XXXXXXX | Received XXXXX | 04/09/2026 | A | 1 | XXXXXXXXXX | UT | 1 | 1 | C | A | A | A | A | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000122961 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Verification of assets (statements/VOD) incomplete/missing | XXXXXXXXXXX required two months asset statements; only one month provided in the loan file. | XXXX in file that explains that the accounts were set up from the proceeds. XXXXX the fully executed copy of the settlement statement, will satisfy the request for XX months of statements. | 04/08/2026 | A | 1 | XXXXXXXXXX | GA | 1 | 1 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000122961 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Closing Disclosure from sale of existing property/source of funds | XXXXXXXX final executed closing disclosure of the sale of the departure residence. XXXXX the non executed copy was provided in the loan file. | Signed settlement statement in file | Client 04/08/2026 05:14 PM; There are notes for income and
assets on the cash to close worksheet and in loan details. XXXX funds in the accounts came from the
sale of the previous residence. XXXXXX
is an XXXX in file that explains that the accounts were set up from the
proceeds. XXXXX the fully executed copy of the settlement statement, this
should satisfy the request for XX months of statements. XXXXXX you. Reviewer 04/08/2026 06:18 PM; Condition has been reiewed |
04/08/2026 | A | 1 | XXXXXXXXXX | GA | 1 | 1 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | ||||||
| XXXXXXXXX | 4000122961 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral | UW Collateral - UW - Appraisal Other | XXXX subject lot size of XXXXXXX acres exceeds the guideline maximum of XXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXX file since XXXXXXXXXXX XX x XXX mortgage payment history for XXXX XXXXXXXXX XXXXXXX of XXXXXXXXXXX where the guideline requirement is XXXXXXXX and XXXXXXXX months reserves. | 04/03/2026 | B | 2 | XXXXXXXXXX | GA | 1 | 1 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000122961 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | XXXXXXXX XXXXXX of XXXXXXXXX exceeds the guideline maximum of XXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XXX file since XXXXXXXXXXX XX x XXX mortgage payment history for XXXX XXXXXXXXX XXXXXXX of XXXXXXXXXXX where the guideline requirement is XXXXXXXX and XXXXXXXX months reserves. | 04/03/2026 | B | 2 | XXXXXXXXXX | GA | 1 | 1 | D | B | D | B | A | A | C | B | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXX | 4000123236 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Sales Contract | Sales Contract - Compliance \ Sales Contract missing | XXXX XXXXXX XXXXXXXXX was not found in the file. XXXXXXXX document. XXX is noted XXXXXXXXXX to the XXXXXX XXXXXXXXX were found in the file. | Information provided | 04/21/2026 | A | 1 | XXXXXXXXXX | SC | 1 | 1 | C | A | A | A | C | A | A | A | Non-QM | 1 | |||||||
| XXXXXXXXX | 4000126109 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXX XXXX for XXXXX XXXXX out refinance with declining market is XXXXXX XXXXXXXX XXXX XXXXXX | Exception approval received. compensating factors - score XXXX - min XXXXX XXXX months reserves- min XXX months, experienced investor | 04/23/2026 | B | 2 | XXXXXXXXXX | CA | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXX | 4000091678 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXX exception for below the required XXXXX of XXXXXXXXXXXX the XXXXXXXXX XXXXX XXXXX program. XXXX minimum XXXXX XXXXXXX XXXXX below XXXXXX requires approval. | Exception approval received for low XXXXXX XXXX borrower has a XXXX XXXXX with XXXX required; XXXX mortgage reported on credit is paid XXXXXXXXX XXXXXXXX required. XXXX borrower has over XXX months in reserves or XXXXXXXXXXX and XX is required. XXXX XXX | Reviewer 09/08/2025 09:01 AM; Document received were checks to
title company and did not clear this condition. XXXXXXX provide exception
approval for XXXX |
09/09/2025 | B | 2 | XXXXXXXXXX | MI | 3 | 1 | C | B | C | B | N/A | N/A | C | B | Exempt | 1 | ||||||
| XXXXXXXXX | 4000101974 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Letter of Explanation | XXXXXXXX letter of explanation regarding relationship of additional person on XXXXX checking acct XXXXXXX and if brw has permission to access funds. | The account states XXXXXXXX XXXXXXXX or XXXXXXXXX XXXXXXXXXX (this is the borrower’s fiancé’). XXXX funds in the account are available to both borrowers because of the “or”. | Client 11/17/2025 12:39 PM; The account states XXXXXXXX XXXXXXXX
or XXXXXXXXX XXXXXXXXXX (this is the borrower’s fiancé’). XXXX funds in the
account are available to both borrowers because of the “or”. Reviewer 11/17/2025 01:12 PM; Condition has been reviewed. XXX |
11/17/2025 | A | 1 | XXXXXXXXXX | MT | 1 | 1 | C | A | C | A | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000110695 | XXXXXXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXX XXXX statement income calculation worksheet is missing from the loan file. XXXXXXXXXX are still missing please return file to underwriter when received. | Per client: XXXX type changed to full doc alternative and adjusted commentary to include XXXXX XXXXXXXXXXX approval for income calculation based on commission checks. XXXXXXXXX has been a realtor for XX years as of XXXXXXXX XXXXX - so two years but switched companies and we wanted to be conservative on income. XXXXXX XXXX spread income was significantly higher than using the XX months of commission checks since switching companies and we averaged over XXX months. | Client 01/20/2026 01:16 PM; changed doc type to XXXXX doc
alternative and adjusted commentary to include XXX management approval for
income calculation based off XXXXXXXXXXX checks. 
 
 XXXXXXXXX has been a realtor for XX years as of XXXXXXXX XXXXX – so two years but switched companies and we wanted to be conservative on income. XXXXXX XXXX spread income was significantly higher than using the XX months of commission checks since switching companies and we averaged over XXX months. XXXXXXXXX 
 Reviewer 01/20/2026 02:39 PM; Returned file to XXXXXXXX for review XXX |
01/20/2026 | A | 1 | XXXXXXXXXX | OK | 1 | 1 | D | A | D | A | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXX | 4000111480 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines reflect a XXXXXXXX XXXXXX of XXXXXXXXX is acceptable for executing closing documents; however, it is not permitted on XXXXXXXXX XXXXX XXXXXXXXXXXXXX XXXXXXX XXXXXXXXXXX etc. XXXX subject loan closed in an XXXXXXX XXXXX | Client waived with compensating factors: entity is strictly a husband and wife owning XX% each, husband used a XXX to sign for the wife, XXXX XXX, reserves after close $XXX,XXX.XX (XX.XX months). | Reviewer 02/03/2026 04:52 PM; Power of XXXXXXXXXX are not
allowed for XXXXXXXXX XXXXX XXXXXXXXXXXXXX XXXXXXX XXXXXXXXXXX etc. per
guidelines |
02/04/2026 | B | 2 | XXXXXXXXXX | NY | 3 | 1 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000117584 | XXXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | Valid current lease reflecting rent XXXXXXXXXX and receipt of XXXXXXXXXX (minimum XX months) are missing from the file. XXXXXXXXXX used to determine XXXXX ratio. XXXX lease in file XXXXXXXXXX expired in XXXXXXX XXXX guidelines, the lesser of current lease or market rent must be used to determine XXXXXXX XXX XXXXXXXXXX is used, the loan must be relocked with XXXXX < XXXXXXX | DSCR is XXXXXXX XXXXXXXXXX reflects property is tenant occupied and photos support. | Reviewer 04/04/2026 11:23 AM; The lease amount is XXXXXXXX and
not XXXXXXXXXX XXXX lease provided
expired XXXXXXXXXXX XXXXXXXX evidence that original tenant, XXXXXXXXX XXXX
XXXXXXXX is currently occupying the subject property and still paying
XXXXXXXX per month. |
04/07/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | ||||||
| XXXXXXXXX | 4000124904 | XXXXXXXXX | XXXXXXXXX | XXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID- Fee Tolerance Violation | Zero tolerance violation of XXXXXXXXX due to increase in appraisal mgmt fee with no valid coc. XXXXXXX provide evidence of refund along with XXXX to borrower and XXXXX reflecting cure. XXXX must be issued within XXX days of consummation. | Reviewer 04/17/2026 08:58 AM; No documentation provided Reviewer 04/20/2026 08:21 AM; Received XXXX and XXXXX to borrower. XXXXXXXXX evidence of refund is still missing. XXXXXXX provide. |
XXXXXX | B | 2 | XXXXXXXXXX | FL | 1 | 1 | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | 1 |