VCC MORTGAGE SECURITIES, LLC ABS-15G

Exhibit 99.10

 

Seller Loan ID Seller Loan ID Investor Loan ID Queue Created Date Last Modified Date Finding Status Event Level Finding Category Finding Sub Category Finding Name Reviewer Comments Seller Comments Finding Resolution Finding Document Reviewer Comp Factors Originator Comp Factors State Occupancy Loan Purpose Refinance Purpose Unique Finding ID Acknowledged / Waived By Waiver in File?
XXXXXXX XXXXXX   502273 Closed 2026-06-15 13:38 2026-06-22 13:44 Waived 2 - Non-Material Credit Borrower Open Judgment/Lien noted (Borrower 1) Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026
Ready for Review-Document Uploaded. compensating factors added - Seller-06/18/2026
Counter-No compensating factors were provided for the exception to the guidelines. - Due Diligence Vendor-06/18/2026
Ready for Review-Document Uploaded. Change memo addressing this has been uploaded.  - Buyer-06/17/2026
Open-Open judgments/liens noted for the Guarantor 1. No additional details of this filing were provided to confirm the Guarantor was eligible. Please provide evidence of dismissal of this filing. Additional findings may apply.
 The borrower’s personal background report reflects two open civil judgments, $XX,XXX dated XX/XXXX and $X,XXX dated XX/XXXX. Lender guidelines require evidence of payoff or a satisfactory letter of explanation from the borrower. Additional conditions may apply upon receipt of the missing documentation.  - Due Diligence Vendor-06/15/2026
Ready for Review-Document Uploaded. compensating factors added - Seller-06/18/2026

Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026

2. Credit Approval Memorandum.pdf

2. Credit Approval Memorandum.pdf
  Low LTV of 65%
Satisfactory global DSCR for all periods
High net worth of the principal.
XX Other Refinance Cash Out - Other 9751841 Originator Post-Close No
XXXXXXX XXXXXX   502273 Closed 2026-06-12 14:02 2026-06-22 13:43 Waived 2 - Non-Material Credit Missing Doc Missing VOM or VOR Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026

Ready for Review-Document Uploaded. mitigating factors included.  - Seller-06/18/2026

Counter-No compensating factors were provided for the exception to the guidelines. - Due Diligence Vendor-06/18/2026

Ready for Review-Document Uploaded. Change Memo addressing this attached. - Seller-06/17/2026

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The current mortgage for the subject property is held by a private party. Lender guidelines require evidence of 12 months of on time payments via bank statements or cancelled checks. Additional conditions may apply upon receipt of missing documentation. - Due Diligence Vendor-06/12/2026
Ready for Review-Document Uploaded. mitigating factors included.  - Seller-06/18/2026

 Ready for Review-Document Uploaded. Change Memo addressing this attached. - Seller-06/17/2026

Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026

2. Credit Approval Memorandum.pdf

2. Credit Approval Memorandum.pdf
  Low LTV of 65%
Satisfactory global DSCR for all periods
High net worth of the principal.
XX Other Refinance Cash Out - Other 9725845 Originator Post-Close No
XXXXXXX XXXXXX   519579 Closed 2026-06-19 12:53 2026-07-29 08:34 Waived 2 - Non-Material Credit Borrower Open Judgment/Lien noted (Borrower 1) Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026
Ready for Review-Document Uploaded.  - Buyer-07/27/2026
Open-Open judgments/liens noted for the Guarantor 1. No additional details of this filing were provided to confirm the Guarantor was eligible. Please provide evidence of dismissal of this filing. Additional findings may apply.
 Guarantor 1. personal background report reflects six open civil judgments and liens, $XXX,XXX dated XX/XXXX; $XXX,XXX dated XX/XXXX; $XX,XXX dated XX/XXXX; $XX,XXX dated XX/XXXX; $XX,XXX dated XX/XXXX; and $X,XXX dated XX/XXXX. Lender guidelines require evidence of payoff or a satisfactory letter of explanation from the borrower. Additional conditions may apply upon receipt of the missing documentation. - Due Diligence Vendor-06/19/2026
Status provided by borrower, we don't have any additional information outside of the following comment: The personal background reports for the principal guarantors reflects civil judgments/liens, with filing dates ranging from XX/XXXX through XX/XXXX, as previously stated. The borrower has advised that all referenced judgments and liens have been resolved and is in the process of providing a formal, signed Letter of Explanation (LOE) confirming the status and resolution of these items. The borrower maintains that these items have been resolved and, therefore, represent minimal credit risk to the transaction. While a letter of explanation has not yet been obtained, XXX is comfortable proceeding due to mitigating factors. As mitigating factors, the principals demonstrate an excellent credit history with a strong track record of repayment and overall credit management. Additionally, the subject transaction is supported by sufficient cash flow to service the proposed debt obligation with a fully secured 1st LTV of 64.86%. Given the borrower's representation that the judgments and liens have been resolved, coupled with the strong credit profile, adequate cashflow, and significant collateral coverage, these items are considered adequately mitigated and pose minimal risk to the lender. - 07/29/2026
 

Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026

2. Credit Approval Memorandum.pdf   Principals strong credit profile
Adequate cash flow
Significant collateral coverage
XX Other Refinance Cash Out - Other 9846437 Originator Post-Close No
XXXXXXX XXXXXX   519579 Closed 2026-06-19 12:56 2026-07-29 08:34 Waived 2 - Non-Material Credit Borrower Open Judgment/Lien noted (Borrower 2) Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026
Ready for Review-Document Uploaded.  - Seller-07/27/2026
Open-Open judgments/liens noted for the Guarantor 2. No additional details of this filing were provided to confirm the Guarantor was eligible. Please provide evidence of dismissal of this filing. Additional findings may apply.
 Guarantor 2. personal background report reflects six open civil judgments and liens, $XX,XXX.XX dated XX/XXXX; $XXX dated XX/XXXX. Lender guidelines require evidence of payoff or a satisfactory letter of explanation from the borrower. Additional conditions may apply upon receipt of the missing documentation. - Due Diligence Vendor-06/19/2026
Status provided by borrower, we don't have any additional information outside of the following comment: The personal background reports for the principal guarantors reflects civil judgments/liens, with filing dates ranging from XX/XXXX through XX/XXXX, as previously stated. The borrower has advised that all referenced judgments and liens have been resolved and is in the process of providing a formal, signed Letter of Explanation (LOE) confirming the status and resolution of these items. The borrower maintains that these items have been resolved and, therefore, represent minimal credit risk to the transaction. While a letter of explanation has not yet been obtained, XXX is comfortable proceeding due to mitigating factors. As mitigating factors, the principals demonstrate an excellent credit history with a strong track record of repayment and overall credit management. Additionally, the subject transaction is supported by sufficient cash flow to service the proposed debt obligation with a fully secured 1st LTV of 64.86%. Given the borrower's representation that the judgments and liens have been resolved, coupled with the strong credit profile, adequate cashflow, and significant collateral coverage, these items are considered adequately mitigated and pose minimal risk to the lender. - 07/29/2026
 
Ready for Review-Document Uploaded.  - Seller-07/27/2026
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026

2. Credit Approval Memorandum.pdf   Principals strong credit profile
Adequate cash flow
Significant collateral coverage
XX Other Refinance Cash Out - Other 9846469 Originator Post-Close No
XXXXXXX XXXXXX   519579 Closed 2026-06-19 12:20 2026-07-27 13:36 Waived 2 - Non-Material Credit Closing Collections, liens or judgments not paid at closing Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026
Ready for Review-Document Uploaded. change memo addresses this  - Buyer-07/27/2026
Open-The borrower’s business background report reflects open state tax lien, $X,XXX dated XX/XX/XXXX. Lender guidelines require evidence of payoff or a satisfactory letter of explanation from the borrower. Additional conditions may apply upon receipt of the missing documentation. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/27/2026

2. Credit Approval Memorandum.pdf   Principals strong credit profile
Adequate cash flow
Significant collateral coverage
XX Other Refinance Cash Out - Other 9845889 Originator Post-Close No
XXXXXXX XXXXXX   537596 Closed 2026-06-17 08:43 2026-07-29 08:36 Acknowledged 3 - Material Credit Assets Asset 1 Does Not Meet Guideline Requirements Acknowledged-Unable to resolve, the finding will be graded a C or material. - Due Diligence Vendor-07/22/2026

Unable to Resolve-Unable to Resolve-No account access letter available, but spouse signed the loan application and personal financial statement.  - Buyer-07/13/2026

Open-Asset Record 1 Does Not Meet G/L Requirements The funds verified are reported in the name of the Borrower's spouse. An account access letter is required but was not provided. - Due Diligence Vendor-06/17/2026
XXX XXX was comforted using this account because the spouse signed the loan application and personal financial statement. Per XXX XXX" We were just verifying the source of funds to comply KYC laws. We aren’t controlling the funds and we aren’t looking for access to the account, so we don’t ask for account access letters." - 07/29/2026
 

Acknowledged-Unable to resolve, the finding will be graded a C or material. - Due Diligence Vendor-07/22/2026

      XX Other Purchase NA 9789923 Originator Post-Close No
XXXXXXX XXXXXX   971340 Closed 2026-06-11 14:38 2026-06-15 15:08 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

Waived-Borrower live in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

 Waived-Borrower live in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/11/2026

    Strong reserves XX Other Purchase NA 9700699 Originator Pre-Close Yes
XXXXXXX XXXXXX   841803 Closed 2026-06-11 10:59 2026-06-16 16:20 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

Waived-Audited FICO 610 is less than Guideline FICO 650., However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

 Waived-Audited FICO 610 is less than Guideline FICO 650., However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026

    Low LTV XX Investment Refinance Cash Out - Other 9693926 Originator Pre-Close Yes
XXXXXXX XXXXXX   304844 Closed 2026-06-15 11:21 2026-07-28 10:20 Waived 2 - Non-Material Credit Eligibility Commercial Debt Service Coverage Ratio below guideline minimum Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026
Waived-Commercial Debt Service Coverage Ratio of 0.88 is below guideline minimum of 1.20 for the refinance of a Traditional 1 property with a loan amount greater than $XXX,XXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/15/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026
 Waived-Commercial Debt Service Coverage Ratio of 0.88 is below guideline minimum of 1.20 for the refinance of a Traditional 1 property with a loan amount greater than $XXX,XXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/15/2026
    Low LTV XX Investment Refinance Cash Out - Other 9748907 Originator Pre-Close Yes
XXXXXXX XXXXXX   304844 Closed 2026-06-12 07:13 2026-07-28 10:20 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is in Rent-free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
 - Due Diligence Vendor-06/12/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is in Rent-free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
 - Due Diligence Vendor-06/12/2026

    Low LTV XX Investment Refinance Cash Out - Other 9713597 Originator Pre-Close Yes
XXXXXXX XXXXXX   301606 Closed 2026-06-11 15:53 2026-06-15 15:47 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

Waived-Audited FICO of 649 is less than Guideline minimum FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

 Waived-Audited FICO of 649 is less than Guideline minimum FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026

     Low LTV XX Investment Refinance Cash Out - Other 9702837 Originator Pre-Close Yes
XXXXXXX XXXXXX   301606 Closed 2026-06-15 13:51 2026-06-15 15:47 Waived 2 - Non-Material Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

Waived-Lender guidelines require no more than 1x30x12 in the most recent 12 months. Despite this requirement documentation in the file reports 1x60x12 on the borrower's primary residence. Lender provided approved exception dated pror to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/15/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/15/2026

 Waived-Lender guidelines require no more than 1x30x12 in the most recent 12 months. Despite this requirement documentation in the file reports 1x60x12 on the borrower's primary residence. Lender provided approved exception dated pror to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/15/2026

    Low LTV XX Investment Refinance Cash Out - Other 9752121 Originator Pre-Close Yes
XXXXXXX XXXXXX   720774 Closed 2026-06-11 13:49 2026-07-10 08:37 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-07/02/2026

Open-Loan amount is less than the guideline minimum loan amount. The Lender provided an exception, however the compensating factor is not validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXX - XXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9699554 Originator Post-Close No
XXXXXXX XXXXXX   451447 Closed 2026-06-11 13:01 2026-06-16 16:50 Waived 2 - Non-Material Credit Missing Doc Flood Insurance Policy Partially Provided Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026
Waived-Flood Insurance Effective Date XX/XX/XXXX is after the Note Date XX/XX/XXXX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026
 Waived-Flood Insurance Effective Date XX/XX/XXXX is after the Note Date XX/XX/XXXX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026
    Low LTV XX Investment Refinance Cash Out - Other 9697999 Originator Pre-Close Yes
XXXXXXX XXXXXX   628223 Closed 2026-06-19 08:51 2026-06-24 17:49 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/19/2026

    Property Condition
Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9842508 Originator Pre-Close Yes
XXXXXXX XXXXXX   628223 Closed 2026-06-24 09:12 2026-06-24 17:49 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

Waived-600 FICO less than minimum allowed of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

 Waived-600 FICO less than minimum allowed of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026

    Property Condition
Strong Marketing trends
XX Investment Refinance Cash Out - Other 9912341 Originator Pre-Close Yes
XXXXXXX XXXXXX   208381 Closed 2026-06-16 12:48 2026-06-16 16:58 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

Waived-Audit FICO of 618 is less than minimum allowed of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/16/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

 Waived-Audit FICO of 618 is less than minimum allowed of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/16/2026

    Low LTV XX Investment Refinance Cash Out - Other 9772427 Originator Pre-Close Yes
XXXXXXX XXXXXX   208381 Closed 2026-06-11 14:13 2026-06-16 16:58 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

Waived-Premium not collected at closing. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

 Waived-Premium not collected at closing. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/11/2026

    Low LTV XX Investment Refinance Cash Out - Other 9700248 Originator Pre-Close Yes
XXXXXXX XXXXXX   559616 Closed 2026-06-19 11:25 2026-06-22 17:32 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026

Waived-Hazard Insurance Policy Partially Provided Premium will not be collected at closing due to a verified payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/22/2026

 Waived-Hazard Insurance Policy Partially Provided Premium will not be collected at closing due to a verified payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026

    Seasoned Investor XX Investment Refinance Cash Out - Other 9844857 Originator Pre-Close Yes
XXXXXXX XXXXXX   805607 Closed 2026-06-26 08:43 2026-06-30 15:27 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-As per GL Deductible is $XX,XXX for Hazard Insurance, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-As per GL Deductible is $10,000 for Hazard Insurance, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/26/2026

    Seasoned Investor XX Investment Refinance Cash Out - Other 9955093 Originator Pre-Close Yes
XXXXXXX XXXXXX   707703 Closed 2026-06-19 13:43 2026-06-23 17:23 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

Waived-Audited FICO is less than Guideline FICO,However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

 Waived-Audited FICO is less than Guideline FICO,However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026

     Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9847226 Originator Pre-Close Yes
XXXXXXX XXXXXX   707703 Closed 2026-06-19 13:15 2026-06-23 17:23 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR) However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR) However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026

    Strong Marketing Trends XX Investment Refinance Cash Out - Other 9846746 Originator Pre-Close Yes
XXXXXXX XXXXXX   673316 Closed 2026-06-11 09:28 2026-06-16 17:12 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Liens held by private parties, Cancelled checks from the borrower for the past 12 months are required. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/16/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Liens held by private parties, Cancelled checks from the borrower for the past 12 months are required. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/11/2026

    Seasoned Investor
Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9688335 Originator Pre-Close Yes
XXXXXXX XXXXXX   763041 Closed 2026-06-26 09:32 2026-07-10 14:57 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Uploaded - Buyer-07/03/2026
Open-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $75000 Audited Loan Amount is less than Guideline Minimum Loan Amount. Lender provided approved exception dated prior to consummation, but Low LTV is not considered a valid compensating factor on a FAST50 document level - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXX - XXXXX.pdf   Excess equity
XX Investment Refinance No Cash Out - Borrower Initiated 9956016 Originator Post-Close No
XXXXXXX XXXXXX   816968 Closed 2026-06-22 08:34 2026-07-21 11:23 Acknowledged 3 - Material Property Property Issue Property Damage Present Acknowledged-The finding was acknowledged and will be graded a C or material. - Due Diligence Vendor-07/21/2026
Unable to Resolve-Unable to Resolve-38.34% LTV, appraisal made as-is and the property condition is considered in the value/LTV - the XXX for repairs was deducted from the appraised value. Per the appraisal, the deferred maintenance items are, "These items included electrical panel installation and electrical wiring repair involving multiple suites, installation of two ductless mini-splits, repair of interior walls in Suite 3, repair of flooring in Suite 3, installation of double door for Suite 3 and fence modification and parking lot marking for two tandem parking spaces. " - The borrower provided an LOE committing to complete repairs/renovations using cash-out proceeds. VCC hasn't confirmed the status of repairs, but expects the borrower to fulfill their commitment to complete them. XXX was further comforted by the low LTV.
 - Buyer-07/20/2026
Open-Property Damage Present. The subject property suffers from significant deferred maintenance with an estimated cost to cure of $44,000.  - Due Diligence Vendor-06/22/2026
  Acknowledged-The finding was acknowledged and will be graded a C or material. - Due Diligence Vendor-07/21/2026

      XX Investment Refinance Cash Out - Other 9861568 Originator Post-Close No
XXXXXXX XXXXXX   453830 Closed 2026-06-19 13:04 2026-07-28 10:22 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026

Waived-Subject property is owned by the borrower for less than 24 months in the title. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026

 Waived-Subject property is owned by the borrower for less than 24 months in the title. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026

    Low LTV
Seasoned investor
XX Investment Refinance Cash Out - Other 9846587 Originator Pre-Close Yes
XXXXXXX XXXXXX   453830 Closed 2026-06-19 13:04 2026-07-28 10:22 Waived 2 - Non-Material Property Appraisal Appraisal is Expired Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026
Waived-Appraisal dated XX/XX/XXXX has been expired and extended to XX/XX/XXXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026
 Waived-Appraisal dated XX/XX/XXXX has been expired and extended to XX/XX/XXXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
    Low LTV
Seasoned Investor
XX Investment Refinance Cash Out - Other 9846590 Originator Pre-Close Yes
XXXXXXX XXXXXX   733664 Closed 2026-06-19 18:02 2026-07-14 08:40 Waived 2 - Non-Material Credit Debt Number of Collections exceed guidelines Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/14/2026
Ready for Review-Document Uploaded. Corrected uploaded with comp factor of strong reserves - Buyer-07/13/2026
Counter-Updated loan approval still does not show any compensating factors. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Corrected uploaded - Buyer-07/03/2026
Open-Collection account #XXXX reflects amount greater than $XXX. As per guidelines, Collection account or charge off should not exceed $XX,XXX. Lender However, the lender provided an approved exception dated prior to consummation, but no compensating factors were provided. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/14/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf
XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX (1).pdf
  Strong reserves XX Investment Purchase NA 9849752 Originator Post-Close No
XXXXXXX XXXXXX   223252 Closed 2026-06-26 08:38 2026-06-30 14:09 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-No premium Collected at closing; however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-No premium Collected at closing; however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026

    Seasoned Investor XX Investment Refinance Cash Out - Other 9955034 Originator Pre-Close Yes
XXXXXXX XXXXXX   223252 Closed 2026-06-26 08:34 2026-06-30 14:09 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living in rent free.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living in rent free.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026

    Strong Reserves XX Investment Refinance Cash Out - Other 9954987 Originator Pre-Close Yes
XXXXXXX XXXXXX   626325 Closed 2026-06-26 13:03 2026-06-29 13:38 Waived 2 - Non-Material Credit Eligibility Trade line count does not meet program requirements Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

Waived-Lender guidelines require a minimum of 2 active major consumer tradelines. Despite this requirement, borrower had only 1. Lender provided approved exception dated prior to consummation and al lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

 Waived-Lender guidelines require a minimum of 2 active major consumer tradelines. Despite this requirement, borrower had only 1. Lender provided approved exception dated prior to consummation and al lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026

    Strong Reserves.
Seasoned Business
XX Other Purchase NA 9960406 Originator Pre-Close Yes
XXXXXXX XXXXXX   626325 Closed 2026-06-26 13:00 2026-06-29 13:38 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated for conditions section comment. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated for conditions section comment. - Due Diligence Vendor-06/26/2026

    Strong Reserves
Seasoned Business
XX Other Purchase NA 9960347 Originator Pre-Close Yes
XXXXXXX XXXXXX   684228 Closed 2026-06-29 13:17 2026-07-10 15:08 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Uploaded - Buyer-07/03/2026
Open-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $75,000 Lender provided approved exception dated prior to consummation, but compensating factor of Low LTV, 50%, was not validated as the loan was approved as a FAST50 document level. - Due Diligence Vendor-06/29/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9984220 Originator Post-Close No
XXXXXXX XXXXXX   537757 Closed 2026-06-26 10:41 2026-06-30 16:15 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed.  A refinance occurred within the last 10 months. The lender provided an approved exception dated prior to consummation and all compensating factors have been validate. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed.  A refinance occurred within the last 10 months. The lender provided an approved exception dated prior to consummation and all compensating factors have been validate. - Due Diligence Vendor-06/26/2026

     Property Condition XX Investment Refinance Cash Out - Other 9957078 Originator Pre-Close Yes
XXXXXXX XXXXXX   470317 Closed 2026-06-19 09:42 2026-07-10 12:07 Waived 2 - Non-Material Credit Eligibility Loan amount less than guideline minimum Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-07/03/2026
Open- - Due Diligence Vendor-06/24/2026
Waived-Lender guidelines allow a minimum loan amount of $75,000, despite this requirement qualifying loan amount is XX,XXX. Lender provided an approved exception dated prior to consummation, however the compensating factor of low LTV is not valid. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
 Waived-Lender guidelines allow a minimum loan amount of $75,000, despite this requirement qualifying loan amount is XX,XXX. Lender provided an approved exception dated prior to consummation, however the compensating factor of low LTV is not valid. - Due Diligence Vendor-06/19/2026
XXX Loan Approval Form-XXXXXXXXXX - XXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9843342 Originator Post-Close No
XXXXXXX XXXXXX   496927 Closed 2026-06-24 18:08 2026-06-24 18:10 Waived 2 - Non-Material Credit Eligibility Ineligible Property Type Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

Waived-The subject is a rural property as defined by the lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

 Waived-The subject is a rural property as defined by the lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026

    Strong Marketing Trends XX Investment Refinance Cash Out - Other 9924785 Originator Pre-Close Yes
XXXXXXX XXXXXX   229100 Closed 2026-06-26 14:57 2026-06-29 14:41 Waived 2 - Non-Material Credit Eligibility Commercial Debt Service Coverage Ratio below guideline minimum Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

Waived-Commercial Debt Service Converge Ratio of 0.79 is below guideline minimum of 1.00, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
 - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

 Waived-Commercial Debt Service Converge Ratio of 0.79 is below guideline minimum of 1.00, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
 - Due Diligence Vendor-06/26/2026

    Strong Reserves
High Fico
XX Other Purchase NA 9964497 Originator Pre-Close Yes
XXXXXXX XXXXXX   855500 Closed 2026-06-19 08:35 2026-07-10 11:39 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded.  - Buyer-07/03/2026

Open-Audited Loan Amount is less than Guideline Minimum Loan Amount. However, the lender provided an approved exception dated prior to consummation, however the compensating factor of low LTV is not valid. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9841581 Originator Post-Close No
XXXXXXX XXXXXX   456532 Closed 2026-06-26 13:52 2026-07-01 11:50 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/01/2026
Waived-Audited Loan Amount of $XX,XXX is less than Guideline Minimum Loan Amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated.
  - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/01/2026
 Waived-Audited Loan Amount of $XX,XXX is less than Guideline Minimum Loan Amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated.
  - Due Diligence Vendor-06/26/2026
    Strong DSCR XX Investment Refinance Cash Out - Other 9961950 Originator Pre-Close Yes
XXXXXXX XXXXXX   830837 Closed 2026-06-26 10:25 2026-06-30 14:11 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Audited fico of 585 is less than the guideline minimum fico of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Audited fico of 585 is less than the guideline minimum fico of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026

    Low LTV XX Investment Refinance No Cash Out - Borrower Initiated 9956794 Originator Pre-Close Yes
XXXXXXX XXXXXX   319562 Closed 2026-06-19 08:27 2026-06-23 17:51 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

Waived-FICO score is less than the guideline minimum FICO score. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/23/2026

 Waived-FICO score is less than the guideline minimum FICO score. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/19/2026

    Low LTV XX Investment Refinance Cash Out - Other 9841458 Originator Pre-Close Yes
XXXXXXX XXXXXX   164378 Closed 2026-06-29 13:02 2026-07-21 11:26 Acknowledged 3 - Material Property Missing Doc Missing Updated Completion Report (442/1004D) Unable to Resolve-Unable to Resolve-Purchase transaction. The property was vacant at origination and despite no proof of utilities being turned on, XXX was comfortable proceeding. This borrower is a seasoned investor and is expected to have utilities turned on prior to occupancy. - Due Diligence Vendor-07/20/2026
Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a D or material. - Due Diligence Vendor-07/21/2026
Open-the appraisal was completed subject to evidence the utilities were turned on and in working order. Despite this requirement, no final inspection was provided. - Due Diligence Vendor-06/29/2026
  Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a D or material. - Due Diligence Vendor-07/21/2026

      XX Investment Purchase NA 9983907 Originator Post-Close No
XXXXXXX XXXXXX   480957 Closed 2026-06-26 13:01 2026-07-28 10:31 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026

Waived-HO-90 Wind, Windstorm OR Hail Exclusion However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026

 Waived-HO-90 Wind, Windstorm OR Hail Exclusion However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026

    Low LTV XX Investment Refinance Cash Out - Other 9960376 Originator Pre-Close Yes
XXXXXXX XXXXXX   340802 Closed 2026-06-26 15:55 2026-07-10 15:19 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-07/03/2026
Open-The subject property was a recent purchase within the past 12 months. Lender guidelines require the value estimate to be limited to the lessor of the original purchase price or current appraised value. Despite this requirement, the lender used the current appraised value to calculate the LTV for the subject transaction. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   High FICO XX Investment Refinance Cash Out - Other 9965846 Originator Post-Close No
XXXXXXX XXXXXX   963301 Closed 2026-06-11 14:42 2026-06-17 16:40 Waived 2 - Non-Material Credit Missing Doc Missing Lease Agreement Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026

Waived-Missing Lease Agreement. Lease pages are missing (4, 5, 6 & 8.) However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026

 Waived-Missing Lease Agreement. Lease pages are missing (4, 5, 6 & 8.) However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026

    Low LTV XX Investment Refinance Cash Out - Other 9701047 Originator Pre-Close Yes
XXXXXXX XXXXXX   744699 Closed 2026-06-19 12:32 2026-06-24 18:13 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

Waived-Audited fico of 606 is less than Guideline minimum FICO of 650. the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/19/2026
Seasoned Investor - 06/19/2026

 



Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

 Waived-Audited fico of 606 is less than Guideline minimum FICO of 650. the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/19/2026

    Seasoned Investor XX Investment Refinance Cash Out - Other 9846054 Originator Pre-Close Yes
XXXXXXX XXXXXX   744699 Closed 2026-06-19 14:45 2026-06-24 18:13 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026
Waived-Subject property XXXXX, hazard insurance does not reflect Wind and Hail value. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026
 Waived-Subject property XXXXX XXXXXX, hazard insurance does not reflect Wind and Hail value. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/19/2026
    Seasoned Investor XX Investment Refinance Cash Out - Other 9848115 Originator Pre-Close Yes
XXXXXXX XXXXXX   664515 Closed 2026-06-24 07:47 2026-06-24 18:14 Waived 2 - Non-Material Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

Waived-Housing History Does Not Meet Guideline Requirements The subject payment history does not meet lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/24/2026

 Waived-Housing History Does Not Meet Guideline Requirements The subject payment history does not meet lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/24/2026

    Seasoned Business XX Investment Refinance Cash Out - Other 9910802 Originator Pre-Close Yes
XXXXXXX XXXXXX   268971 Closed 2026-06-26 09:53 2026-06-30 14:21 Waived 2 - Non-Material Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is first time Investor so 5% deducted from LTV. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is first time Investor so 5% deducted from LTV. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026

     Strong Reserves XX Other Purchase NA 9956334 Originator Pre-Close Yes
XXXXXXX XXXXXX   301346 Closed 2026-07-28 15:02 2026-07-28 15:02 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026
Open-Audited FICO is less than Guideline FICO. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-07/28/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/28/2026

    Strong reserves XX Investment Refinance Cash Out - Other 10499373 Originator Pre-Close Yes
XXXXXXX XXXXXX   957972 Closed 2026-06-19 15:06 2026-07-22 08:41 Waived 2 - Non-Material Credit Missing Doc Missing rent comparable schedule form 1007 Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-07/03/2026
Open-Missing rent comparable schedule form 1007 - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   High FICO XX Investment Purchase NA 9848430 Originator Post-Close No
XXXXXXX XXXXXX   244114 Closed 2026-06-22 10:06 2026-06-25 09:08 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026
Waived-Audited FICO is less than Guideline FICO, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/22/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

 Waived-Audited FICO is less than Guideline FICO, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/22/2026

    Low LTV XX Investment Refinance Cash Out - Other 9864466 Originator Pre-Close Yes
XXXXXXX XXXXXX   969582 Closed 2026-06-25 10:38 2026-06-25 10:43 Waived 2 - Non-Material Credit Eligibility Ineligible Property Type Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026
Waived-Subject property is determined to be in a rural location as defined by the lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/25/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

 Waived-Subject property is determined to be in a rural location as defined by the lender guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/25/2026

    Low LTV
Property Condition
XX Investment Refinance Cash Out - Other 9938258 Originator Pre-Close Yes
XXXXXXX XXXXXX   681069 Closed 2026-06-26 15:35 2026-06-30 14:25 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026

    Seasoned investor XX Investment Refinance Cash Out - Other 9965393 Originator Pre-Close Yes
XXXXXXX XXXXXX   862098 Closed 2026-06-19 12:08 2026-06-25 10:49 Waived 2 - Non-Material Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

Waived-Audited LTV of 75% exceeds Guideline LTV of 70% due to a 5% LTV reduction for a first time investor. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

 Waived-Audited LTV of 75% exceeds Guideline LTV of 70% due to a 5% LTV reduction for a first time investor. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/19/2026

    Strong Marketing Trends
Strong Reserves
XX Investment Purchase NA 9845704 Originator Pre-Close Yes
XXXXXXX XXXXXX   893850 Closed 2026-06-26 08:57 2026-06-30 14:29 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Borrower FICO score is less than the Guideline min. required FICO score, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Borrower FICO score is less than the Guideline min. required FICO score, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026

    Low LTV XX Investment Refinance Cash Out - Other 9955409 Originator Pre-Close Yes
XXXXXXX XXXXXX   858405 Closed 2026-06-11 12:10 2026-06-17 16:45 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026

Waived-Audited FICO - 629 is less than Guideline FICO - 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026

 Waived-Audited FICO - 629 is less than Guideline FICO - 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/11/2026

    Seasoned Investor
Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9696430 Originator Pre-Close Yes
XXXXXXX XXXXXX   217499 Closed 2026-06-26 14:13 2026-06-30 14:37 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage (VOM) Document is incomplete. Subject property Mortgage payment is made till XX/XXXX, Recent month history is missing. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage (VOM) Document is incomplete. Subject property Mortgage payment is made till XX/XXXX, Recent month history is missing. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
    High FICO
Low LTV
XX Investment Refinance No Cash Out - Borrower Initiated 9962759 Originator Pre-Close Yes
XXXXXXX XXXXXX   217499 Closed 2026-06-30 07:49 2026-06-30 14:37 Waived 2 - Non-Material Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Housing History Does Not Meet Guideline Requirements Documentation in file reflects rolling late payments. In addition, subject lien is currently due for XX/XX due to maturity. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Housing History Does Not Meet Guideline Requirements Documentation in file reflects rolling late payments. In addition, subject lien is currently due for XX/XX due to maturity. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
    High FICO
Low LTV
XX Investment Refinance No Cash Out - Borrower Initiated 9998949 Originator Pre-Close Yes
XXXXXXX XXXXXX   581674 Closed 2026-06-26 10:04 2026-06-30 14:39 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Audited Loan Amount $XX,XXX is less than Guideline Minimum Loan Amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Audited Loan Amount $XX,XXX is less than Guideline Minimum Loan Amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
     Strong DCR XX Investment Refinance Cash Out - Other 9956498 Originator Pre-Close Yes
XXXXXXX XXXXXX   705528 Closed 2026-06-26 10:23 2026-06-30 14:41 Waived 2 - Non-Material Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is a First Time Investor, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is a First Time Investor, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026

    High FICO
Strong reserves
XX Investment Purchase NA 9956773 Originator Pre-Close Yes
XXXXXXX XXXXXX   705528 Closed 2026-06-26 09:44 2026-06-30 14:40 Waived 2 - Non-Material Credit Insurance Named Insured on Condo Master Policy does not match HOA Name Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Borrower name and Unit does not match with Master XXX, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Borrower name and Unit does not match with Master XXX, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/26/2026
    High FICO XX Investment Purchase NA 9956206 Originator Pre-Close Yes
XXXXXXX XXXXXX   727875 Closed 2026-06-26 08:48 2026-06-29 15:01 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026
Waived-Loan amount $XX,XXX is less than the guideline minimum loan amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026
 Waived-Loan amount $XX,XXX is less than the guideline minimum loan amount $75,000. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
    Low LTV
Seasoned Investor
XX Investment Refinance Cash Out - Other 9955223 Originator Pre-Close Yes
XXXXXXX XXXXXX   727875 Closed 2026-06-26 08:50 2026-06-29 15:01 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. B1 lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. B1 lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026

    Seasoned investor
Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9955263 Originator Pre-Close Yes
XXXXXXX XXXXXX   727875 Closed 2026-06-26 09:13 2026-06-29 15:01 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026
Waived-Wind and hail deductible is $X,XXX which is less than the GL required deductible value of $25,000. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/29/2026
 Waived-Wind and hail deductible is $X,XXX which is less than the GL required deductible value of $25,000. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
    Seasoned Investor
XX Investment Refinance Cash Out - Other 9955723 Originator Pre-Close Yes
XXXXXXX XXXXXX   292541 Closed 2026-06-19 14:16 2026-06-25 12:00 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. No cancelled rent checks for primary. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. No cancelled rent checks for primary. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated
  - Due Diligence Vendor-06/19/2026

    High FICO
Strong Marketing Trends
XX Investment Refinance Cash Out - Other 9847730 Originator Pre-Close Yes
XXXXXXX XXXXXX   274410 Closed 2026-06-11 10:14 2026-06-17 16:51 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026
Waived-Audited Loan Amount $XX,XXX.XX is less than Guideline Minimum Loan Amount $75,000. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validate - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/17/2026
 Waived-Audited Loan Amount $XX,XXX.XX is less than Guideline Minimum Loan Amount $75,000. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validate - Due Diligence Vendor-06/11/2026
    Seasoned Investor XX Investment Refinance Cash Out - Other 9690243 Originator Pre-Close Yes
XXXXXXX XXXXXX   524754 Closed 2026-06-26 09:13 2026-06-30 14:43 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower's Primary Residence is Rent free, However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower's Primary Residence is Rent free, However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/26/2026

    Strong Reserves XX Investment Refinance Cash Out - Other 9955719 Originator Pre-Close Yes
XXXXXXX XXXXXX   524754 Closed 2026-06-26 08:59 2026-06-30 14:43 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Property was Purchased on XX/XX/XXXX which is less than 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors had been documented and validated - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Property was Purchased on XX/XX/XXXX which is less than 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors had been documented and validated - Due Diligence Vendor-06/26/2026
    Low LTV
Strong Reserves
XX Investment Refinance Cash Out - Other 9955478 Originator Pre-Close Yes
XXXXXXX XXXXXX   524754 Closed 2026-06-30 07:29 2026-06-30 14:42 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $75000 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
 Waived-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $75000 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
    Low LTV XX Investment Refinance Cash Out - Other 9998713 Originator Pre-Close Yes
XXXXXXX XXXXXX   372569 Closed 2026-06-30 12:05 2026-07-10 15:24 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Corrected Uploaded - Buyer-07/03/2026
Open-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $75000 Loan amount is $XX,XXX is less than the guideline minimum Loan Amount of $75,000. Lender provided approved exception dated prior to consummation, but the compensating factor of Low LTV is not valid as the loan was approved under the FAST 50 document level. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

    Excess equity XX Investment Refinance Cash Out - Other 10004798 Originator Post-Close No
XXXXXXX XXXXXX   372569 Closed 2026-06-26 10:03 2026-07-10 15:24 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded. Correced Uploaded - Buyer-07/03/2026

Open-Borrower is on title less than 12 months. Lender provided approved exception dated prior to consummation, but the compensating factor of Low LTV is not valid as the loan was approved under the FAST 50 document level. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

Loan approval.pdf   Excess equity XX Investment Refinance Cash Out - Other 9956480 Originator Post-Close No
XXXXXXX XXXXXX   655868 Closed 2026-06-22 10:11 2026-06-25 12:39 Waived 2 - Non-Material Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

Waived-Hazard Insurance Policy Partially Provided Premium will not be collected at closing due to a verified payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/22/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026

 Waived-Hazard Insurance Policy Partially Provided Premium will not be collected at closing due to a verified payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/22/2026

    Seasoned Investor XX Investment Refinance Cash Out - Other 9864669 Originator Pre-Close Yes
XXXXXXX XXXXXX   655868 Closed 2026-06-22 08:59 2026-06-25 12:38 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026
Waived-XXX XXXXX XXXXXX property subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 4 months. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/22/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/25/2026
 Waived-XXX XXXXX XXXXXX property subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 4 months. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-06/22/2026
    Seasoned Investor XX Investment Refinance Cash Out - Other 9862081 Originator Pre-Close Yes
XXXXXXX XXXXXX   900719 Closed 2026-06-19 08:19 2026-07-10 14:38 Waived 2 - Non-Material Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded. Corrected UPloaded - Buyer-07/03/2026

Open-Audited Loan Amount is less than Guideline Minimum Loan Amount. The lender provided an approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-06/19/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9841230 Originator Post-Close No
XXXXXXX XXXXXX   967411 Closed 2026-06-26 10:36 2026-06-30 14:48 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-As per GL minimum FICO is 650, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-As per GL minimum FICO is 650, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026

    Low LTV
Seasoned Investor
XX Investment Refinance Cash Out - Other 9956944 Originator Pre-Close Yes
XXXXXXX XXXXXX   892603 Closed 2026-06-26 10:48 2026-06-30 14:49 Waived 2 - Non-Material Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Audited FICO is less than Guideline FICO. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated.

 - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Audited FICO is less than Guideline FICO. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated.

 - Due Diligence Vendor-06/26/2026

    Seasoned Investor
 Low LTV
XX Investment Refinance Cash Out - Other 9957241 Originator Pre-Close Yes
XXXXXXX XXXXXX   482331 Closed 2026-06-26 13:02 2026-07-10 15:36 Waived 2 - Non-Material Credit Missing Doc Missing VOM or VOR Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026
Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-07/03/2026
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOR for the Borrower's primary residence. Documentation provided shows owned by another but no VOR or rent-free letter provided. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/10/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   High FICO
Seasoned business
XX Investment Refinance Cash Out - Other 9960383 Originator Post-Close No
XXXXXXX XXXXXX   482331 Closed 2026-06-30 10:40 2026-06-30 14:54 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Missing VOM for subject property 1st and 2nd liens. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Missing VOM for subject property 1st and 2nd liens. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026

    High FICO
Seasoned Business
XX Investment Refinance Cash Out - Other 10003071 Originator Pre-Close Yes
XXXXXXX XXXXXX   482331 Closed 2026-06-30 10:44 2026-06-30 14:54 Waived 2 - Non-Material Credit Eligibility Seasoning Requirements Not Met Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026
Waived-Lender guidelines require a borrower to be on title for the most recent 12 months on a cash out refinance. Despite this requirement, the borrower was added to title via a Grant Deed at close. Lender provided approved exception date prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Lender guidelines require a borrower to be on title for the most recent 12 months on a cash out refinance. Despite this requirement, the borrower was added to title via a Grant Deed at close. Lender provided approved exception date prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026

    High FICO
Seasoned Business
XX Investment Refinance Cash Out - Other 10003126 Originator Pre-Close Yes
XXXXXXX XXXXXX   275539 Closed 2026-06-11 12:41 2026-07-14 08:02 Waived 2 - Non-Material Credit Missing Doc Borrower 1 Lease Agreements Missing Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/14/2026

Ready for Review-Document Uploaded. Uploaded - Buyer-07/13/2026

Counter-No document was provided. - Due Diligence Vendor-07/10/2026

Ready for Review-Corrected Uploaded - Buyer-07/02/2026

Open-Subject property is refinance and property is occupied by tenant; however, no lease available in the file. Lender provided approved exception dated prior to consummation; however, the compensating factor has not been validated. - Due Diligence Vendor-06/11/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-07/14/2026

XXX Loan Approval Form-XXXXXXXXXX - XXXXXXXXXX.pdf   Excess equity XX Investment Refinance Cash Out - Other 9697426 Originator Post-Close No
XXXXXXX XXXXXX   584612 Closed 2026-06-26 05:39 2026-06-30 14:57 Waived 2 - Non-Material Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-06/26/2026

    Low LTV XX Investment Refinance No Cash Out - Borrower Initiated 9952489 Originator Pre-Close Yes
XXXXXXX XXXXXX   584612 Closed 2026-06-26 06:26 2026-06-30 14:57 Waived 2 - Non-Material Credit Missing Doc Missing VOM or VOR Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-As per GL we need payment proof for the private lender., however proof is missing., the lender provided an approved exception dated prior to consummation, and all compensating factors were validated.
  - Due Diligence Vendor-06/26/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-As per GL we need payment proof for the private lender., however proof is missing., the lender provided an approved exception dated prior to consummation, and all compensating factors were validated.
  - Due Diligence Vendor-06/26/2026

    Low LTV XX Investment Refinance No Cash Out - Borrower Initiated 9953315 Originator Pre-Close Yes
XXXXXXX XXXXXX   584612 Closed 2026-06-30 11:14 2026-06-30 14:57 Waived 2 - Non-Material Credit Eligibility Trade line count does not meet program requirements Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

Waived-Lender guidelines require a minimum of 2 active major consumer credit tradelines. Despite this requirement, the credit report only reflects 1 tradeline. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026
  Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-06/30/2026

 Waived-Lender guidelines require a minimum of 2 active major consumer credit tradelines. Despite this requirement, the credit report only reflects 1 tradeline. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-06/30/2026

    Low LTV XX Investment Refinance No Cash Out - Borrower Initiated 10003748 Originator Pre-Close Yes